There are several things that could be done with it instead of holding it and hoping that the value back to where you purchased it
can you please tell us couple of them? day trading is risky, investing to dice-site is risky, cloud mining is unprofitable or ponzi, gambling is mega risky..I really don't get, what you actually mean. Maybe I'm just conservative or something, but waiting to recover seems to me no-risk most feasible way how to deal with loss.. Dont use the word "risk" too much because everything are risky to begin with. Risk is a part of our life and to hold yourself because you think things are risky isnt a good way to do things. Everything is indeed risky, best thing would be to choose the one that bear less risk for you Waiting to recover should be the last resort that someone has to use. Whats the point of waiting if you could minimize your loss by now? This would be one of the things you can do to recover some of your loss (below) .Basically it is about to cut your lost and buyback lower and get a chance for profit during some mini pump or rebound ( this isnt a day trading ) to sell some small part of your Bitcoin holdings (say 5-10%) now when the price has risen a little from its support levels, and then wait and see. If the price continues to grow, wait for an increase of, say, 10-15%, then sell again. Since it is highly unlikely right now that the price will rise more than 20% without a significant rebound, you will be able to buy back when the price reverts for the same 10-15%...
And you can do the same with smaller parts of your hoard, thereby taking chance to profit from smaller rebounds (potentially down to exchange fees)
P.S : well explained deisik , save me some time to type the same thing  lending is not that risky
Only if you secure a collateral, otherwise it will be the same as Lending in some BTC lending platform . No matter how reputable your lender is bitcointalk, without a collateral it will bear the same risk as lending to a stranger ( unless you know his identity of course ) P.S : Even a reputable member like Maidak is pulling a "scam" ( not sure a scam, could be an interest free loan without permission, call it whatever you want ) |
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house will be in negative.This is unbelievable to see two big prizes one after other.
The house was already on negative profit few days ago when Yoloers managed to get a 12+ BTC profit . The negative profit indeed is a good thing for a new site, this would serve as a publicity that the house is legit and could be a signal for more rollers to try their luck on this site. However, If OP hasnt considered to lower the max payout amount yet after this two big winning then it will be extremely dangerous for him ( high chance that he might lose 70 % of his cold wallet , not to mention that he use a coindice script) |
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Do not save it on the bank as the inflation. Inflation isnt cause by saving your money in the bank. There will be always an inflation each year, most people dont notice it because the percentage of it is too small. With that saying, even if you put your money under matress you will also suffer from inflation And save bank as you give your money to the rich people. Bank earned from the loan interest by lending our money but as a bank saver ourselves then we got the benefif that our money is secure , I guess thats quite fair for most people ( although I am a fan of securing my own belongings) So you should invest it with a save way.
Unfortunately there isnt a way for people to "invest" in a safe way. Every investment are risky to begin with , people should bear in mind that this is the risk that they will need to know if they choose the invest option. Gold could be one of the option for a "safer" investment but alas people could always choose a safe deposits as it will gain them some interest per annum |
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Hold it for few years and you will break even, put btc in cold storage and check back after 5 years, most likely you would have break even and made profit, seeing the increased adaptability of bitcoin throughout the world.
Most likely indicate that you are pretty much unsure about this. Basically holding it for a few years and "hope" that the price will increase in a few years timeframe will be the last resort that someone has to do in order to break even. There are several things that could be done with it instead of holding it and hoping that the value back to where you purchased it |
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as said already bitcoin just change from yesterday to today soo 10% is something for sure...in 1 day is amazing income for sure
This is a pretty bogus reasoning to put your selection on to BTC. You cant really make your choice based on a 1-2 days rally, basically this topic is about a long term strategy which means day a 1-2 rally means nothing if you were to compare it to a 1 years timeframe. Also that if you hadnt realized yet, the price is falling today perhaps due to your bogus reasoning then you will change your choice to not put it in form of BTCmoney at home is huge huge risk something
Also that the word "risk" is a part of your daily life. Even holding your money right now in your hands has a risk as well . |
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I think until people who hold Bitcoin start to spend it as normal currency and more establishments start to accept it, it'll always be tied to fiat one way or the other.
Although people started to mass adopt it. It is still not a guarantee that it will be free from FIAT, the reason that BTC is a slave of FIAT would be much more to that it has no dependant value because you will need to keep on converting to FIAT to purchase something using it. Another reason would be that at some point not everyone will keep their BTC forever and will cash them out in form of FIAT, kinda like an endless cycle that everything in the end at some point will be converted into FIAT |
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Don't you think if the US would start raising interest rates then investors would prefer a currency that yields % by itself instead of picking BTC that yields no interest whatsoever?  Even without increasing the interest rates, people would still be much more interested in putting their money to yield interest for them rather than putting it in form of BTC that yield no interest. However if there is much demands for it and the price of BTC is high enough than this interest rates wouldnt be a problem at all |
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Supply & Demand controls the price. You forgot to add the third factor that controls the price which is manipulation. If the big greedy pump and dump miners actually scale back on dumping it the price will rise.
Most people are mining for profit and that would cause them to dump whatever amount they could get as long as the cost for mining < price of BTC . Miners dumping isnt a reason that the price hasnt reach $1000 to be honest and even with the miners keep on dumping , the price has been rallying for $23 now which serves as a proof that miners isnt at fault for dumping their mined BTCto pump up prices.
You should be aware that every pump will be followed by a dump shortly afterward . Pump will only create a bubble that burn alot of people anyway which happened at the $1200 peak before But BTC HAS to keep getting the price higher and higher, eventually a new floor will be set, maybe the next bubble is 2000, and it crashes back to 1200 or something along the lines. Dont get yourself under delusion that the next bubble will be at $2000 and after that the price would be stabilized at $1200. It is 2015 and people are not stupid to fall into another bubble anymore because the peak of 2013 has burned alot of people. Also that a bubble is not answer if you are seeking for $1000 price and it is called bubble for a reason. If people are seeking for BTC to reach $1000 then there will be no easy way to do it because only mass adoption could be the reason for it to happen and it wont be in such a short time |
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my trading strategy is stop after get 20-25% than stop it
You are a pretty bogus trader as well I supposed. Having a 20-25 % profit is indeed a very bad option, considering the price keep on staying at +/- 5 % maximum each day ( on the day before this rally to $250 ) then you will probably be waiting for such a long time just to get your desired profit and WD to wallet,, Huh? You gain profit in FIAT then withdraw then to your wallet? I may be wrong on this if you are withdrawing BTC in this case then I do think thats such a wasted option as well P.S ; try to use google translate before posting nonsense seriously people get a hard time to understand what you wrote Buying low and selling high is the best strategy. But you need the right tools, something linke this:
-snip-
I do wish I have one of those though  Buying low and selling high is the base of trading but how can you predict that you are buying at the lowest price and sell it to highest price? That thing you can't get it easily
Of course you can ( not predict but roughly pinpoint). Most people just dont want to learn new things because they thought it is complicated but honestly it is not that complicated. You dont need to buy at the lowest price, buy it at whatever position you want sell it higher than the position that your purchased it, voila profit ! Many people are getting the wrong concept that they must bought at the lowest point however this isnt always the case though |
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you will have the same revenue in the end
I would say that the revenue will be much lower if you do accept BTC as a payment option in this case because there is a fee for every conversion of BTC into FIAT as well as some fee to withdraw it to your bank account Bitcoin is still the minority's game. Its not a game . If you meant to say that it is still on its early stages then yes it is the majority of using fiat customers will be annoyed and go away. Not entirely true because it depends on what type of business you are having. I've seen alot of website that accept BTC only for their mobile recharge service and I would say that they are having a good business despite that they accept BTC only. On the other hands if you are selling some daily necessities than it would be a better option to have both BTC and FIAT option |
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Trading is always a risk. I was trading a lot last year when btc was very high, I earned a lot of money but lost it all.
I think that at last, only the whales keep the profit.
Seriously I would say that you dont know how to trade properly . Basically as a trader you will need to know how to stop loss at X percentage each time the price is declining. From your statement, it seems like you know about it because if you know it then you wouldnt claimed that you lose it all. With regards, you dont have to be a whale to get profit in trading. A whale has nothing to do in order to gain profit from trading but as a whale you could manipulate the market for easy profit of course P.S : There is a thin line of difference between "trading" and "holding" apparently it seems you are more to hold than trade |
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I don't think so, because no one that will guarantee your bitcoin other than yourself. You can't complain to police or other authorities when your bitcoin was lost if you are living in country where government don't recognize bitcoin. So, if it lost, then it's gone forever. In bank, they can give guarantee to secure your money.
Any Bank will always give a guarantee their customer that they will secure their money no matter what happened, otherwise there will be no one to put their money in the bank (marketing tactics). In term of solely for security , BTC is indeed a better option ( Im a fan of securing my own belongings ) if you know how to do it properly but in term of solely investment , I would say that BTC is a risky bet for now due to its volatility and it will be much better to put your money in safe deposits as an investment there is any possibility that we can lost our bitcoin although we secure it properly. If you know how to secure it properly then you dont have to worry about this stuff but most people dont know how. However the thing about Im choosing to secure money in form of BTC is based on the security side and not based it on the investment side Cash is ofcourse not such an easy thing to store for 20 years Not entirely true, cash is an easy thing to store. Basically you can even store in under your mattress or put it down on your underground storage. The thing with cash is that it is affected by inflation every year making your $1 cash be worthless by 20 years timeframe Gold is a fluctuating investment too. You should probably do more research for this because Gold has been quite stable if you were to compare it with any other investment by this moment |
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Supply & Demand controls the price. You forgot to add the third factor that controls the price which is manipulation. If the big greedy pump and dump miners actually scale back on dumping it the price will rise.
Most people are mining for profit and that would cause them to dump whatever amount they could get as long as the cost for mining < price of BTC . Miners dumping isnt a reason that the price hasnt reach $1000 to be honest and even with the miners keep on dumping , the price has been rallying for $23 now which serves as a proof that miners isnt at fault for dumping their mined BTCto pump up prices.
You should be aware that every pump will be followed by a dump shortly afterward . Pump will only create a bubble that burn alot of people anyway which happened at the $1200 peak before |
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The same thing with FIAT and also commercial bank whereas there are tons of robbery for the bank. This is pretty much double standards, which you cant compare both because both bear a risk where you could lose it. Even if you take precautions on what necessary needed there will still be a risk for you to bear
P.S : Im more into securing it by my owns and even if I lost it , that would be my sole fault ( much better than entrusting it to a third party and lose them all the same )
with bank you have your ass covered a bit, against robbery, insolvency ecc.. they only need to display a magical number and then cover you when somoeone else will deposit in their bank, basically like a legal ponzi.. Indeed it was all the same actually unless you forgot that there are alot of news that bank announced their bankruptcy. Also that I hadnt heard anything about bank covering money that you lost against robbery or credit card fraud. You need fiat to buy bitcoin and you don't need bitcoin to buy a fiat.
It seems like you dont think twice before posting this. Everyone that traded their BTC into FIAT could be considered as "purchasing" FIAT anyway. Also that a trade is a two way activity , if you are selling bitcoin for FIAT then on the same time there will be someone purchasing it with FIAT Merchants and buyers are yet not prepared to use BTC. They are ready to use it but the problem would be that they will need to convert it back to FIAT at some point because BTC alone cant help them with their business. This will be another reason why BTC is a slave of FIAT for now, because in the end you can stand alone with only BTC in your hands Also, they are not sure about how much is it actually worth and how it would be tomorrow. There are alot of payment system that auto convert price in your currency into BTC for the current value at the time you do a purchase , so its not a big deal and not a reason why BTC is still a slave of FIAT |
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-snip-
Seriously , I do mean no offend to yourself as I am just stating a baseless accusation like I said due to that this site is using a coindice script which has several accusation from few people regarding that someone coming and won big from the site causing the owner to lose alot (you can check on this in scam accusation ). You dont need to verify yourself as it doesnt mean anything to me anyway and you will get your BTC if sawdice has verified that your roll are legit. Anyway I have apologize beforehand if you are indeed legit though P.S : I do hope this served as a lesson for sawdice to lower your max payout also that if he is indeed legit then I would like to apologize for this baseless accusation |
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also what rollover people will have to do in order to withdraw it?
I doubt that they will have a rollover for this. Basically minidice owner has no access to the players' funds which means that once he tip / give you some amount to play on the site then you can withdraw it from moneypot instantly because moneypot has no feature that will prevent a funds to be withdraw without wagering it first P.S : I could be wrong on this P.S2 : I as an investor of moneypot bid you a goodluck . Please bring more profit for the investor |
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1) refill that cold storage address I doubt they have more than that because if they do they will probably have put all of it into the cold wallet We have no idea if they have more fiat. Sawdice may be run by the wild-child son of a millionaire, who knows?! 2) maybe lower stakes and max bet?! Lowering the max payout based on kelly criterion Yes that's what I'm saying @James1999, you'll be fine, they paid yoler, I'm sure they'll pay you too.
This one seems to be a different case with yoloer. Judging from the screenshot at the previous page, I could see that indeed thats a very risky bet risking 0.1 BTC for 98x multiplier and normally people wouldnt do it because the risk are pretty much high. Also the fact that this site is using a coindice script which has a lot of accusation due to that alot of site claimed that they lost alot using this script . I would say that this guy could know on how to "win" here or atleast use a known exploit or so P.S : Someone told me how this could be done but Id rather not spill out any name for this Another reason is that this https://bitcointalk.org/index.php?topic=948128.msg10384052#msg10384052Not much of a proof but someone risking 0.1 BTC for a 98x multiplier would not be lurking around for 10k satoshi though P.S : I could be wrong on this Everything you said is very interesting indeed. If someone knows how to cheat that coindice script then, wow, sawdice is in trouble. Also, you're right that it's strange that someone who is betting 0.1s is asking for 10KSat, but it's not totally impossible. I, for example, recently got caught up and lost a lot of BTC gambling on a site where I usually only bet very small. Every once in a while, you can get caught up in the moment and either win big or lose big. That's definitely not unheard of. There has been alot of accusations towards coindice script and if this is another bug / exploit then this is not a new story indeed. Also that since it is a newbie account, I would say that this could be an alt account judging from the posting gap. (someone seems to find a new target that use a coindice script and post using his alt account) . Also that if you are bold enough to risk 0.1 BTC for 98x , I guess you wouldnt even care about dust giveaway anymore especially when it is only 10k satoshi Well I would say that this James guy seem to "know" that he will hit a 98x payout already . However I got no proof regarding it and all of this will be my speculation on this because it doesnt seem natural for me P.S : I do hope this served as a lesson for sawdice to lower your max payout also that if he is indeed legit then I would like to apologize for this baseless accusation |
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1) refill that cold storage address I doubt they have more than that because if they do they will probably have put all of it into the cold wallet 2) maybe lower stakes and max bet?! Lowering the max payout based on kelly criterion @James1999, you'll be fine, they paid yoler, I'm sure they'll pay you too.
This one seems to be a different case with yoloer. Judging from the screenshot at the previous page, I could see that indeed thats a very risky bet risking 0.1 BTC for 98x multiplier and normally people wouldnt do it because the risk are pretty much high. Also the fact that this site is using a coindice script which has a lot of accusation due to that alot of site claimed that they lost alot using this script . I would say that this guy could know on how to "win" here or atleast use a known exploit or so P.S : Someone told me how this could be done but Id rather not spill out any name for this Another reason is that this https://bitcointalk.org/index.php?topic=948128.msg10384052#msg10384052Not much of a proof but someone risking 0.1 BTC for a 98x multiplier would not be lurking around for 10k satoshi though P.S : I could be wrong on this |
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No you are not getting what my point with the escrow is. Im not saying that he needs to put the stakepool collected in an escrow but he needs to put whatever amount collected with his own expenses in an escrow
i.e Stakepool collected will be 1 BTC. Joca will need to provide 1 BTC from his own to an escrow and he will use the 1 BTC collected for betting. This is just precautions that he wont run away with everyone's fund while trying to achieve the 100x fold target.
In regards about him losing then he will not need to provide a refund (the amount in escrow is just an insurance that he wont run away after he get the fund )since everyone will be joining this at their own risk and no matter how great he is there is a chance that he will lose it all
I think my promise dosent mean anything to you,but i dont have a btc to fund an escrow,and its kind of lame escrowing the money with the funds that are invested [1]...this is your personal risk if you want to invest... im pretty reputable here [2] and im also earning money from campaigns and my premium picks,i wouldent risk that for 1 or 2 btc or something small...[3]For the first bolded part : Im not asking you to escrow the funds that are invested but instead Im asking you to escrows funds with the same amount of that will be invested in escrow just as a precautions if you are running away with everyone's funds. Thats a huge difference in there if you read it carefully
For the second bolded part : To be honest you are not reputable at all and even if you are very reputable here, it will not be a guarantee that you will not run with everyone's funds. Perhaps you hadnt read about this https://bitcointalk.org/index.php?topic=1077982.0 . Even Maidak a very reputable member pulled out a some shady activity regarding him stalling his payment to shdvb
For the third bolded part : You are earning approximately 0.1~ BTC for your campaign weekly and I had not seen anyone besides Mitchell who purchased your premium picks recently. Your account alone worth 0.35 at maximum rate. If you able to collect 1-2 BTC for the stakepool that would be a massive amount comparing to what I listed as your "potential earning" with your account I have proof on my skype that people are buying premium picks ,i will need all the funds for gambling on the challenge,so for the investors its their choice if they want to invest,also im thinking of changing the challenge to make it achivable into 10x the amount ! Seriously Im not asking you to provide any proof at all because that doesnt matter for me nor did I ask you to change it to 10x the amount rather than 100x. Im barely stating the fact that the amount collected could be higher than your potential earning + your account worth. There is a chance that you might run away with the funds collected and dump your account if you are unwilling to escrow the same amount of funds for the stakepool
For the bolded part once again Read properly, I will just make it into examples since you have a problem with reading / understanding what people meantExample : Amounts collected for the stakepool : 1 BTC <<< you keep this for the game You then provide another 1 BTC as safety precautions for an escrow just incase you run away with the 1 BTC I hope this clears up. This shouldnt be a problem for you to provide this considering your awesome picks status unless you are just giving them without betting with them yourself |
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Guys I'm telling you this guy is showing signs of being hufflepuff xD.
Unfortunately this is no sign of it being hufflepuff. Huffle got enough BTC to sustain his life I guess and from what we have seen , it seems like just another normal player playing with alot of BTC but with much more safety precautions by betting on the small multiplier P.S : thoughts this is clear that he is the legendary gambler mech I'm seriously torn between investing before he loses and staying out because it might be an inside job..
It is highly unlikely that this is an inside job because if what you meant is that the operator of PRC is playing a hand on this as well , then I doubt it is. Theoretically this is possible however it will be much better for an operator to "leech" the investor funds in a smaller amount to make it looks less suspicious ( this is too suspicious so I doubt its him ) P.S : he would want it to be more suspicious if this is an inside job ( although to be honest , I dont think he did ) |
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