Holding them as a long term and expecting them to raise isnt a good thing to start with considering it is pretty much unpredictable and things could go south with it, however there is a huge chance that the value might increase overtime but it is still best not to keep stash of them in term of investment . Basically I am advising to take profit each time the value raise by either 1-2 satoshis ( this is quite a huge gain if you got some stash of doge) instead of keeping them as investment for the unforeseen future
This doesn't in the least mean that you shouldn't take advantage of the price swings whenever possible Indeed, I am more to keep on going for a quickswing instead of holding stash of coins. However that the term "investment" is much into holding it for some specific amount of time and hoping that the value rise after the specific time, which ofcourse if we are talking about the future it is pretty much unclear. Anything could happen and that is why I keep on urging people to go for a quickswing rather than holding a stash of coins that could be worthless by few years ahead or could be 10x fold the current value ( much more like gambling ) . Thats would of course be a perspective that is different from each another because people that likes to hold some stash for investment basically will not care about a quickswing because they do "believe" that it could worth more by some years later on well even bitcoin price is very trusted lol it can easy go down as up without notice
You said it yourself. This is another reason why altcoin as investment is risky things to do, basically if BTC could be worthless over night then what would you think will prevent altcoin from becoming dust overnight as well? I wont deny that there are some promising altcoin such as XMR and DASH but still altcoin is much better to be use as a quickswing rather than investment |
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And how can someone bet max profit with 0.15 @ 2x when bankroll is under 15btc?
You are getting the wrong point here, max profit is not the same as max bet. Mydice use standard kelly criterion which is 1 % of their bankroll for their max profitWith the current bankroll of 14.1 BTC, the max profit is 0.141 BTC ( some whale just struck the house leaving it is minus profit it seems ) You will be able to do 0.0705 BTC for 2x multiplier 0.0000142 BTC for 9900x multiplier 13.8 BTC for 1.02x multiplier P.S : do note that this is a rough count, you could use the automatic system on the site to know the exact profit for your wager amount. There will be a notifier if you exceed the maximum allowed profit |
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Applying for the free 0.01 BTC for try out. Will give review for the site after it is done  7A0EE7A835FA Thankyou very much EDIT : First impression is that the site is totally have a nice GUI with easy navigation to set up your ads ( good for beginner like me ). I had set up an ads for 0.001 BTC / day for 7 days and the result for the first day is great. Will be great if this site could be the BTC-google adsense and please put in more effort to prevent bad clicks and such . Goodluck, great site indeed |
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it is a game of patience, because they all rise at the end(or almost) From my previous experience as an altcoin enthusiast , I would say that only 10 % rise after being HYPED when they are on the verge of dead. Altcoin's dev dont even care with their project, mainly because it is much more easier to create a new one and start all over (rinse and repeat for profit ) you just need to way and buy all those died coins Once it is dead than it is dead. I could list few more example that most altcoin is nothing but HYPE fueled coin anyway. It is a HYPE that drive the price higher. Without it, people will seek another coins with HYPE and try to get some short term profit from it.
tl;dr : altcoin for short term profit, YES. altcoin for investment, big NO
I would most certainly agree with you, but for one altcoin. As you may have already guessed, I mean doges. For most time, it was also a pump&dump coin, but look what is happening right now. Its supply rate exceeds that of Bitcoin (in both absolute and relative terms), but starting from this month (I can be mistaken a month or two), the annual relative supply of doges (which constitutes yearly inflation rate) will be ever decreasing (in 2015 there will be around 5.2 billion new coins, i.e. about 5% of monetary base) while remaining the same in absolute terms, i.e. in number of coins mined... Should we thereby expect the rise of the base value of Dogecoin (that stripped off of pump&dump effects)? Doge has been doing great despite that it has a crazy amount of supply and demands for the coins are huge as well which you can see at how many business that do accept them along with BTC and also how many gambling sites that accept them as well. I would say that doge are pretty much unpredictable, which we can see from the previous year, the price has been increasing alot ( It was like less than 30 satoshi / doge in August-September 2014 ) then it rise up to over 100 satoshis and declined to merely 40-50 satoshi and now we have the price stabilizing on ~75 satoshi / doge. Holding them as a long term and expecting them to raise isnt a good thing to start with considering it is pretty much unpredictable and things could go south with it, however there is a huge chance that the value might increase overtime but it is still best not to keep stash of them in term of investment . Basically I am advising to take profit each time the value raise by either 1-2 satoshis ( this is quite a huge gain if you got some stash of doge) instead of keeping them as investment for the unforeseen future |
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The software uses machine-learning in order to skim every corner of the web to track the movements of bitcoins.
Am I reading this correctly as if this "thing" is being used than everyone one of us will be at risk? Basically it is because we dont know the origin of our coins from, it could be a coin that was used to launder or it could be from the silkroad and other stuff. This is surely not a way to make BTC mainstream but rather a way to turn BTC into something that is controllable which means that this "thing" is ditching the principle of the decentralized concept in BTC. Personally , I would want to be able to track my coins if they are being stolen however with this there are also a risk exposed to me that this means that BTC is not a pesudo-anonymous currency anymore and also that I am exposed to the risk that my own coins could be coming from an underground operation which could means that I am associated with it The only thing the Bitcoin users need to know to make it safer is to be able to keep their coins secure, that's not getting their computers hacked and so on, the basic stuff. Not everyone is able to do so. The thing about keeping your coins safe requires some knowledge to do which is by setting a secure cold wallet and/or put it into a paper wallet. I'd assume that most dont know what exactly cold wallet means |
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So, for 400m bet can we just claim faucet and bet 1 satoshi with 99% chance again and again? If we win, will we get the full amount or just piece of it like with Jackpot? Thanks Not sure what you are asking exactly but if you are referring to jackpot , yes you will be able to bet 1 satoshi at 98 % chance but only if you deposit to that site or that your faucet claimed < your deposit ledger. However 1 satoshi will only get you 20 % of the jackpot amount which is 0.2 BTC for the lowest mark If you are referring to the 400 M bet bounty, then yes you will be able to bet 1 satoshi at 98 % chance as well and you are eligible to do it with just your faucet claim. It is a game of pure luck anyway, its not like you are able to snipe the BET ID in such tight competition P.S : You cant bet for 99 % chance , maximum is 98 % P.S 2 : There isnt any announcement yet regarding the 400M bet bounty EDIT : The next one is probably at 500mill.
Probably. |
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Any satoshi Game that tell you to click and wait for a reponse from the server Dont Play it You are being delusional. In fact the waiting has nothing to do with your game being rigged or such because the seed has been published before you even start to roll your game. You as a gambling site owner should know this better than anyone I suppose as a game programmer i know what a simple script can do What a simple script can do? In fact if you are a programmer you should take your time to refine your own game even if they tell you its provably fair game plz dont believe it People dont need to trust the site if they dont want to because there are alot 3rd party provably fair verifier which can be use. This is an example of a reliable 3rd party verifier if you think you are being cheated http://dicesites.com/provably-fair ( it cover up some famous site ) i've seen this by my eyes What are you seeing exactly is a fact, math calculations to be precise that tells you the game is not rigged but it is just that you are being blinded by your own despair because you are losing . they want is your money thats all... Of course, blatantly speaking that is why people created a gambling site. The same reason you created your own site, you want to get a profit from your site . PLZ DONT PLAY LUCK GAMES  Am I reading this correctly? I thought your game is a luck based game as well https://bitcointalk.org/index.php?topic=1052883
I posted here https://bitcointalk.org/index.php?topic=610339.msg11668558#msg11668558 regarding an EDU thread to be stickied in this board. This is another reason on why we need an EDU thread. People are blind with the fact and choose to be ignorant. So less people will be saying this sort of stuff in the future. How funny to see that a gambling site owner make such ignorant thread |
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experts dont ''guess'' on stock trading and when you dont need to guess you dont need to use silly strategies In fact, martingale is being used in stock trading alot ( binary options to be precise ). Strategies aren't meant to make you "win" but it is to reduce your chance to "lose" . I don't see any reason on why not on using a strategy as it helps you reducing some chances for you to lose. These people that are under such delusion should get themselves educated.
Sorry but this isn't going to happen. Humans, for whatever reason (Internet?) have become more and more lazy and ignorant. People don't care to know about things anymore -- they formulate this false idea and then stick with it regardless of the facts. You're not going to change that -- people have been trying for many years. You just have to accept it and let them fail on their own. This is most likely why people keep blaming the site when they lose I'd say. People tend to be ignorant for the fact , math in this case since we are dealing with numbers (speaking of provably fair) . Still I do think that it is best to have an EDU thread regarding things about provably fair mechanism, martingale and any other stuff that is related to that. So if in the future there is someone asking about either martingale or blaming the site for his lost, this will save some time by just pointing him to the EDU thread instead of going through endless discussion (like this thread for example) |
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Can miners speed things up by much more then? could we ever see block halving at 3 or even every 2 years for example?
Yes they can. Due to that difficulty is updated every 2106 blocks (14 days approximately) , this means that if the hashrate increase before the next difficulty adjustment then the number of blocks found will be higher than expected and difficulty readjustment will be faster than 14 days You should take into account that it is 10 minutes/block which means that it is 6 blocks for 1 hour and approximately 144 blocks / day . 144 blocks x 365 = 52560 Halvings occur every 210,000 blocks or merely 4 years (rough count) so : 52650 x 4 = 210,240 blocks approximately 4 years as per calculations
This is an old excel from reddit that pinpoint few difficulty readjustment and the data was taken from last halving until June, 18 2014. Data shows that we are already 103 days earlier than expected  P.S : couldnt find the newest data regarding this, will be glad if there is someone who can share about this |
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How about trading it on altcoins? I`m sure there are many many good altcoin investment, now only a few cent cost, later it can be worth thousands of dollars!
altcoin is better. Most of them are now using mining altcoin and after a whale is pump that time you will sell it and you sure will get profit and you need
Seriously, altcoin is much like gambling. It is not an investment it is a gamble, a blindfold gamble. Stop getting such delusion that one day your stash of altcoins could be worth thousand of dollars. You forgot to taken into your risk management that those stash of coins could be worthless to dust the next day because of its volatility. Most altcoin is nothing more than a Pump and Dump scheme, you are lucky to get yourself some short term profit but if you are considering an unknown ninja launch coin for investment then it is not an investment but it is a gamble only those that are nerly dead and are worhtless hold the less risk Why would you even look at something that is almost dead for an investment? It is not a risk anymore but it is more to giving away your money or rather it is a blindfold gambling I'd say because with just a mere 10k-100k satoshi you can buy a tons and if they rise you earn a lot, otherwise you will lose basically nothing You lose all of it the moment you step onto an almost dead altcoin. Most altcoin are nothing but hype fueled coin . Nothing but hype will ever drive the price higher and thats it. Here let me state some example In 2014 OPAL declared that they joined SUPERNET and this almost dead coin gain such burst of hype that driven the price onto 5k-7k satoshi range from a merely less than 300 satoshi / coin. The price now is 2k satoshi In 2014, CANN with its slogan Yes We CANN , the first altcoin that sells cannabis attract alot of altcoin enthusiast with its cannabis sale. The price was below 300 satoshi when it was first launched and went up to the peak of 20k satoshi /coin. The price now is 1.7k satoshi P.S : you can verify my claim with few altcoin enthusiast if you dont believe this ( I was one of them ) I could list few more example that most altcoin is nothing but HYPE fueled coin anyway. It is a HYPE that drive the price higher. Without it, people will seek another coins with HYPE and try to get some short term profit from it. tl;dr : altcoin for short term profit, YES. altcoin for investment, big NObut it is a game of patience, because many of those will not raise for months...
It will raise with a proper HYPE, nothing more nothing less. Its not a game of patience but it is a game of manipulation with either HYPE or FUD |
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It will be heavily modarated Id love to see how mods on ltctalk will handle the Q&A considering that some of them are a victim for this ponzi as well . Some people used to be fond of him, letting him do what he want and people always said "we trust Chris" . Cursing and such words should be deleted no doubt but people have rights to curse Chris for all the jokes that he had done All we need to know is why we are not paid?
Wrong, this is not the question needed. I believe the question needed will be how long will you keep on holding our previous payment . However , no doubt that there will be someone that will be ruining it by is asking unimportant question such as # Secondary option # What happened exactly I would say that the question of what happened exactly is pretty much unneeded because it is pretty much clear that this is a ponzi . As for the secondary option, I dont know exactly why it is needs to be asked as It is not important. I seriously wouldnt want my shares + previous payment that he owed us turn into a chip boards for me to mine myself when mining isnt profittable anymore (this is such a double loss for me) |
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Aren't there more people selling bitcoins than the number of people buying it ? Where did you get this from? AFAIK since last week, the price has increased which means that there is more buy power than the sell pressure. Also you got something wrong with your statement there, it doesnt matter how many people are selling it because what matter is how many BTC is being sold not how many people are selling it And wouldn't selling create a selling pressur thus driving price down ?
Sell pressure isnt created by selling BTC, it only occurs when there is less buy power than the sell power. The market will be able to hold off if there is a buy power, selling 10k BTC isnt going to create a sell pressure if there is a buy order for 11k BTC . Another thing that will create the sell pressure would be a whale / group of whale constantly doing a bearish to the market, forcing the other to go deeper and lowering the price |
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You forgot to put a rational thought in your argument because at the current rate of ~$240, I dont see any reason for the number of miners to keep on increasing and pump up the difficulty into such high number while they are already losing their chance to breakeven if the current diff is double of the current one
right now for $240 to be profitable at today's difficulty, a miner needs to have an efficiency of .77 J/GH if they pay 13.5 cents per kWh. You can buy an Antminer S5 and run it at .5 J/GH so you would be profitable and keep adding hashpower. As for the bolded part in your post, Thats what my point about my previous post is. I should have make it clearer I guess. If people keep on increasing hash power, there will be a peak point that it wont be profittable anymore at the current $240 ~. Therefore your argument is invalid about the 210 billion difficulty. I have stated in my previous post ( the bolded part ) that with the current difficulty x2 people will be having no chance to break even at the current rate and somewhat reaching 210 billion is impossible What makes you think people will keep on increasing their hashrate till 210 billion anyway ? Anyway miners isnt the controller of the BTC price. Even without miners dumping, we have seen the price is pretty much unstable and volatille. Take it in your notes that traders are the one that control the price not solely miners i'm not making an argument, I am making a calculation. IF we hold electricity cost and energy efficiency constant, the mining network would have to grow big enough to increase the difficulty to 210 billion IN ORDER for mining only to be worth it if the price is $1,000. How's that? It's a hypothetical but it is revealing. Theoretically your calculation is correct but as I have stated there isnt any rational thought in it. Firstly it is due to that no one will be keep increasing hashrate if it isnt anymore profittable for him to mine as I have stated previously that even 2x of the current hashrate will no be inevitable anymore to mine. Secondly it is that you are pointing it all towards miners as you have left out the most important things that it is not the miners that control the price but it is traders that control it. Furthermore , Id like to add that BTC is dead once we reach that 210billion difficulty while we are still hanging at the current rate. The reason would be that , miners is needed to keep on finding blocks for confirmation therefore Id love to see who will be keeping their miners only for the sole reason of confirmations while on the other hand he is losing each time his miners is turned on
Therefore the argument about this 210 billion to reach $1000 is pretty much an invalid argument because it is irrational but somewhat true if you are seeing it from the math sides only |
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Well, but for those who are accepting investment in the bankroll, what is the purpose to show the total amount of bankroll ?
It is as a proof the solvency of the site. With the cold wallet address, as a gambler you will then have no worry about the site not being able to pay if by any chance there are a big winner on the site. As for investor this is some sort of monitoring for the site's bankroll and to check on wether if there is any irregularity with the bankroll Ever since the incident of Diceninja, it has become a standard around here for a site that accept a public investment needs to provide their cold wallet address as a proof for their solvency |
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and what the winner gets?
How about reading it by yourself? (bolded them incase you missed them again) 1# will get 0.05 BTC
2# will get 0.03 BTC
3# will get 0.01 BTC
and what if I sent the money then it took a long time for the round to start like more that 6 hours , I will lose my money !! this really seems unclear for me , more details would be much appreciated
Its nothing more than simple agar.io games with 10 % fees goes to the house what if a player only sent 0.0001 and other players sent like 0.008 !! this would be totally unfair This isnt a pay-to-enter game/tournament I would say. Since it isnt mentioned that only the donator will be able to join the game, I suspect it will be free for all tournament once the pot has 0.1 BTC on it and 10 % of it goes to the house. I doubt that anyone will be filling up those pot anyway. With that said, anyone would be able to make their own agar.io clone, set up their own server and have a duel with another people with some pot of stakes rather relying on a third party that collect 10 % from the stake pot |
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each time someone get a profit from trading there is someone that lose something in it
This is just plain wrong, sorry. That would hold true for a Ponzi style investments, that is, a zero sum game. Since Bitcoin has uses beyond sheer speculation (that of "buy low sell high"), this immediately renders such statements invalid. Someone sells a bitcoin with a profit, and someone else buys it, then the price drops. It appears that the latter is suffering losses, but if he is not going to speculate but use it beyond the exchange (say, to pay for services), the matter becomes more complicated. And it may turn out that everyone wins in the end, despite the price decrease... My thoughts exactly, if I want to buy 5 BTC right now because I need it to purchase something, then I consider it a win, without considering if the price is 229.456 or 229.449 $/BTC. So you perhaps win on this trade and think that I have lost, but it is not true. My aim was to get the 5 BTC, regardless of the minor fluctuations on which you make some profit. Make sense since you guys are making such example. Still my thoughts will be I am a winner each time I profitted myself with the trade,but perhaps I should change the second sentences for that Partially because I dont think it that way, Im merely adjusting my thoughts only for trade which means that I buy on low spot, sell it at higher spot , so my thoughts goes to I win you lose term but infact since this examples explcitly states that it is not always like that then I do need to revise that quote |
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I would just prefer to invest in altcoins right now, i mean they have alot of potential to go up an most of them are at bargain price.
Such delusion, you forgot that their value could go into dust in one night Not entirely an issue I would say. As I have described it is just a matter of financial management because each investment bear their own risk which means that it is not related to how decent your capital is but rather how do you spread that risk into a smaller risk. Basically with strict financial management , people would be able to do so
I'll make an example using a small capital so
I.e you have $100 and you are spreading your it into 5 investment with $10 each leaving you another $50 for safety precautions which come in handy if you are losing the $50 invested.
See, it has nothing to do with your capital if you know how to manage them properly. Having $1M without a proper management for that would be the same as losing it anyway
if you spread your risk, its usually something all related that most people know or specialize in. But if anything that also opens to more risk as well though, cause youre into more then 1 investment. Yeah you can youre spreading risk, but intially diversification just an illusion imo of escaping risk. Your point is? To diversify your investment portfolio is not to escape the risk . Risk will still be there and its part of humans life ( even if you are reading this post right not, there is some unknown risk to it ). Diversify is actually to minimize your potential risk not to escape from it Without it, it would means that you are going all-in with your investment which exposed more risk to you as your chance to lose all of will be much higher than if you are diversifying them to a few investment |
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I think for that people they can predict because if they can't how they can earn more and lee lost? Where are you getting the idea that traders always earn more than what he lose? Seriously trader is a two way activity , note this quote below ( it seems I have written this up many times ) each time someone get a profit from trading there is someone that lose something in it Therefore you cant generalized that all traders are earning more because it is a two way activity. It is not about "knowing" the future anyway but it is rather about knowing how the market react for the current week, judging the orderbook of buy and sell order and taking some discipline to either take profit or stop loss rather than getting delusional that the price might be higher than the current one ( common mistake, holding too much when they are already on profit , should have just let it go for some small portion ) |
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You forgot to put a rational thought in your argument because at the current rate of ~$240, I dont see any reason for the number of miners to keep on increasing and pump up the difficulty into such high number while they are already losing their chance to breakeven if the current diff is double of the current one
right now for $240 to be profitable at today's difficulty, a miner needs to have an efficiency of .77 J/GH if they pay 13.5 cents per kWh. You can buy an Antminer S5 and run it at .5 J/GH so you would be profitable and keep adding hashpower. As for the bolded part in your post, Thats what my point about my previous post is. I should have make it clearer I guess. If people keep on increasing hash power, there will be a peak point that it wont be profittable anymore at the current $240 ~. Therefore your argument is invalid about the 210 billion difficulty. I have stated in my previous post ( the bolded part ) that with the current difficulty x2 people will be having no chance to break even at the current rate and somewhat reaching 210 billion is impossible What makes you think people will keep on increasing their hashrate till 210 billion anyway ? Anyway miners isnt the controller of the BTC price. Even without miners dumping, we have seen the price is pretty much unstable and volatille. Take it in your notes that traders are the one that control the price not solely miners |
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I don't get it? What is the advantage of you investing it instead of me?
Why can't you just post and ask us to follow? No significant advantages for the investor I would say because I could only see the advantage would be that it save less time for people rather than checking the tips on his thread and betting it by themselves . It is more to his advantages. With this challenge, if he win than it will boost his tips popularity also perhaps gain something from a generous people that will give him some tips but if he lose then it will be just a sorry that it is part of gambling to lose You are the DaDice man, so I guess you won't run off with <0.5BTC but I don't get it!
Well , I stated this already. His earning potential weekly from his campaign is around ~0.1 BTC worth and his account worth max 0.3 , also that he claimed he got some from his premium picks. Of course it will be tiny chance for him to run away with amount below 0.5 BTC but with that amount and his challenge target of 3x, that would be 1.5 BTC . Quite a huge lump that would make people tempted to run away with , this is the reason why I urged him to use escrow but he claimed that he dont have any BTC to put on escrow as well as other reason that is too complicated for me to remember
if your premium lose any compensation from you or who invest get they money back 100%
Cant you read? No refund, no compensation, nothing . It will be just " sorry we lost this challenge" Will you escrow the funds to and escrow?
-Sadly no,this is gambling and there is no refund
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