Constantly keeping your money in form of BTC and put them in the wallet makes you safe from inflation indeed but you forgot that each day the price of BTC is declining and thats makes you lose the value of BTC that you bought
Someone has just lost over $15,000 because of the decline of BTC as he had 40 BTC which used to worth over $25,000 and now it's worth less than $10,000 - so keeping money in BTC is not safe. Here is his story: https://bitcointalk.org/index.php?topic=973092.0Due to this volatile market, keeping your money in form of BTC as an investment is actually not a good idea. In the end it will be the same as keeping FIAT that suffering from inflation (difference would be BTC is much more secure in keeping your money in banks). It will be another different story however if the market is stable which unfortunately it is not going to happen anytime sooner Everyone has been saying that if you want to be a Bitcoin pioneer, then get ready to lose money, because the volatility will be extreme. I ditched this statements as I was a trader few months ago and It is not my nature to lose money. It is the fault of those people who thinks that keeping BTC for 10 years would gain them some profit as they are going into delusion that anything could happen to BTC in 10 years timeframe while as a trader you could keep on gaining some by riding on this volatile wave |
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Even if they want to , they cant because its in the nature of BTC that it cant be regulated. Unfortunately there are quiet few "potential investor" in BTC because BTC isnt viewed as investment for common people and mostly it is viewed as some kinda stocks for a quickswing in profit
To be honest, this low price is one of the reason that most people arent taking their attention into BTC yet, I would like a stable price but to boost adoption into BTC sadly a higher price is needed so that more people could see this as a potential
How do the Bitcoin investors who though BTC was 'safe' at levels of $600 feel now that it lost more than half of its value? If you were in their shoes would you still view it in that way? They lose almost 2/3 of it actually. Most have jumped off the sinking ship unfortunately but it is not a new things to hear. Basically alot has suffer at $1200 bubble, considering there are alot that buy at almost the peak point which means that they are losing alot on it. It cant be helped anyway due to this volatility that this price decline will keep on happening in the future as well. With That being said , regarding the title of this thread even if a bank is hacked or any other things happen to the banking system , people will still choose another option to replace bank due to the volatility that may hurt them |
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No central bank will issue BTC and no gov will obligate all business to accept BTC, so someone will always don't accept bt
You are missing the vital point of BTC here, the decentralized system which means that there isnt any need to any central bank or any goverment for BTC . Although at some point if a government do support BTC then it will be in a better case because it will boost an adoption for it but it is not the vital thing for it since BTC is some kinda stand-alone currency that doesnt need government P.S : true that someone will always not accept BTC. The same thing with the other currency, at some country , it will not be accepted |
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If bitcoin really will be banned, I think no one will make a online shop with the bitcoin as the currency, or make other bitcoin website in the country, so the bitcoin will be so hard to developed. Banning it will not stop anything actually, it will just force BTC to step into underground pace. The same thing with drugs and stuff, it is illegal in most countries but that dont stop people from using or distributing it. Although this would means that BTC will be acknowledge at something similar of "criminal related stuff" or so If the government may cooperate with bitcoin, they will help to introduce what bitcoin is to society and put high tax on it
This will be a breeze of air and the best possible case ever but some BTC user despise goverment and also tax. Last I heard Elwar ditched all his credit cards and going to live without paying any tax P.S : I lost track on this news, perhaps you could use search function for it that's why there were so many news told us several crime cases that related to bitcoin.
To be honest that a fault from the BTC user. Media play a role in reporting a case which unfortunately the case is about someone using BTC to purchase some illegal things i.e silkroad. Its not the media that ruin BTC but it is the BTC user that ruin it, most people will now see BTC as a criminal related stuff due to all this negative publicity |
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I have heard from a bitcointalk thread that it is good to buy a crypto-currency when it is fresh launched on an exchange and after some time sell it.
Is that true?
If you are referring for ninja launch coins then it is unpredictable because the price might keep on dropping once it hit an exchanger ( due to the selling pressure from all the early miners ) but if you are referring to a another altcoin that has a solid worktab and future on it then it is quite true (happened to DASH) Those exchangers don't easily accept new altcoins if the coin have a good trading volume from other exhcangers then it has a chance to get added.
Try to read this clearly, he is saying when it is fresh launched on exchanger when it is fresh launched on an exchange
Also that c-cex and bittrex will keep on adding a new pop up coins depending on the hype for it (c-cex will mostly, harder with bittrex) basically all you need for a new coin to be added into an exchanger is a hype from twitter, more Retweet means more demands for the coins and therefore more higher chance to get added I noticed that for example on C-Cex,every 2-3 days are added new coins
Good observation and its true, reason is simple for it, they gain from the trading fee so why not? |
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margin trades leverage wont make no one rich ,even expert traders loose some money
Of course some people lose money in it. Basically Margin trade isnt a mechanism for people to make an instant quick buck and it is in nature of trading that not everyone is a winner. Some could get a quickswing of profit while someone could lose and if they dont loose is because they invest on the largest leverage Definitely wrong, using the largest leverage wont guarantee that you will keep on winning. Highest leverage will only bear you the maximum risk available or the highest possible profit for it, nothing more than that Each time someone got profit in trading, there will be always someone who lost in it if you default on their loan
It is not literally a "loan" because it is just a simple number tweak in their database |
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Its better to invest but its better to save first then you can now invest your money so that you have an enough capital to invest.
It actually doesnt matter on your capital for this investment stuff. Either if you have a small or a big capital, the interest rate (percentage) will only varies a little. What matters will be the interest earn from your capital and of course you should know every investment got its own risk and with bigger capital the risk to bear will be higher as well i guess you shouldnt invest it just let the money work for you try some safe investments
try some safe investments Such as? AFAIK there are none "safe" investment as every investment bear their own risk. Even putting your money into safe deposits is actually unsafe due to that alot of news regarding banks insolvency And if you save in bitcoin keep your money in your wallet your money are safe into inflation/
Constantly keeping your money in form of BTC and put them in the wallet makes you safe from inflation indeed but you forgot that each day the price of BTC is declining and thats makes you lose the value of BTC that you bought
what we need is a sidechain with the ability to turn bitcoin pos, so you can earn interest while leaving your coins/money safe in your desktop
We dont need another altcoin stuff such as POS. You should go and tell your idea of this in bitcoin discussion section and Im sure you will be getting alot of negatives comment |
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Bitcoin is not completly anonymous as you might think. Depends on what you compare it to, if you compared it to a bank account indeed BTC is completely anonymous this means adding your identity information to bitcoin transactions and making it possible to blacklist funds by financial institutions. It is only a matter of time when bitcoin regulations will hit us.
There will be no BTC regulations because it is not something that a country could control. Unfortunately most country will bann BTC for it because it cant be control and it will reduce the chance of mass adoption. BTC was created so that people could leave the traditional economic system where identity is needed and that goverment could control your transaction, also block or reverse the transaction if needed. Adding identity to BTC transactions will only means that we are heading towards that old fashion system again I don't think countries need to regulate bitcoin - they can just be one of those 'heavy traders' who can manipulate or change the market. They don't need to regulate Bitcoin, just the fact they dropped its value from $600 to $230 should scare away lots of potential investors to stay away from this option. Even if they want to , they cant because its in the nature of BTC that it cant be regulated. Unfortunately there are quiet few "potential investor" in BTC because BTC isnt viewed as investment for common people and mostly it is viewed as some kinda stocks for a quickswing in profit To be honest, this low price is one of the reason that most people arent taking their attention into BTC yet, I would like a stable price but to boost adoption into BTC sadly a higher price is needed so that more people could see this as a potential |
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the thing is to be wise and enter on the right time on the market,put some buy orders and wait to complete and must pay attencion... can buy it now and hold for 4 months ,expecting price to go up
There is a slight difference between trading and "holding / investment " (call it whatever you want) because it is not in the nature of traders to hold for months when they could make a slight profit instantly. Also that , "expecting" price to go up is pretty much taking a blind bet and trader isnt the same as gambler unless you are inexperienced on it because most trader dont do a "blind bet". Nevertheless, it is actually a one way around to another because each time a trader profitted from trading that means there also a trader that lost on his trade |
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Bitcoin is not completly anonymous as you might think. Depends on what you compare it to, if you compared it to a bank account indeed BTC is completely anonymous this means adding your identity information to bitcoin transactions and making it possible to blacklist funds by financial institutions. It is only a matter of time when bitcoin regulations will hit us.
There will be no BTC regulations because it is not something that a country could control. Unfortunately most country will bann BTC for it because it cant be control and it will reduce the chance of mass adoption. BTC was created so that people could leave the traditional economic system where identity is needed and that goverment could control your transaction, also block or reverse the transaction if needed. Adding identity to BTC transactions will only means that we are heading towards that old fashion system again |
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Too bad, people wont even go deeper for it because basically what attracts them are a thing that could help them to earn some quick bucks and thats all which makes the "value" became a measurement if BTC is dead or not. As a proof, you could check the entire forum on the question "how to sign a message from your address" , a simple yet outstanding feature that most people dont know
that is true..don't you think that media has played an very important role in killing bitcoin? Media now and then keeps on talking negative about the bitcoin which forced people to think that it is dying as people have faith in media more rather on themselves and people should use their own minds then following the media. Most people thought that way but it is definitely unclear if Media plays a part in killing BTC because not all country bann BTC. Most country are lenient towards it and the reason that we found alot of media to put in negative news for BTC are not because that they are trying to kill BTC with it but unfortunately it is the sole fault from BTC user that use BTC for negative activity i.e silkroad lol im pretty sure all countries governments made some mistake and the people pays always for them
That is why media play a part in putting negative news for them as well. Most democracy countries allow their media to mock their government though |
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People should use auto-bet bots just to avoid hit every time keyboard keys or mouse buttons not to make them gamble while they're doing other tasks. Cant blame people for this because dice sites are extremely boring, with just a single click then the result of the roll will be shown . What makes people stay in a dice sites is the community of the sites therefore to avoid this boredom people use autobet so that they could roll while chatting with the others  Gamblers should be able to terminate their auto-bet if they reach the winning limit they or they reach their maximum lose one or even if other unexpected circumstances arose.
Some dice sites autobet feature doesnt implement this feature though but eventhough there are a feature in the autobet to stop loss if you reach a certain amount of BTC lost, people are unwilling to use it because most are falling into delusion that their autobet will keep on winning it |
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I doubt that it will go way that far. Worst thing would be that some people will be discouraged to exchange it to FIAT and the others might still be doing it as usual. It is pretty simple to avoid it anyway because people could do a peer-2-peer exchange without involving any exchanger thus this could be use to avoid the huge tax when you are exchanging it to FIAT
Governments will attack bitcoins in the future and that is for sure. Governments are very intelligent and criminal minded people they will only look at their profits so they are waiting for bitcoin to grow so once the bitcoin grows and reaches to the stable price they will definitely attack the bitcoin. Care to elaborate more about what you meant by "attack". Thoughts I have addressed this but the worst they could do will be to either bann BTC or put on a high tax for the BTC/FIAT exchanger to discourage people. Banning BTC will never be a succesful way for them to "attack" BTC because eventually it will just lead BTC deeper underground. Most people will still use it eventhough it has been bann i.e russia |
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to get less than 1% house edge in blackjack you have to know how to play perfectly
You are definitely wrong on this, the house edge on BlackJack isnt calculated by how do you play your hands but it is calculated from the house rules of the BackJack i.e number of decks, ability to split for X hands, soft17 rules, ability to double after split and others which you can check and calculate here http://wizardofodds.com/games/blackjack/calculator/if you want to try martingale first have an infinite wallet  I've addressed this before, even if you have an "infinite" balance, Martingale will not work because each site has their own maximum bet amount/ maximum win which means at some point if you keep on losing then your martingale will stop doubling up the wager amount because it has reached the maximum amount of the site |
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whether martingale working on the game of blackjack?
Martingale are a strategy where you double up your wager amount for a 2x payout and it could be use for any game. Blacjack is one of the game with a low house edge basically it is less than 1 %. With a proper strategy to hit and stand, basically it could be use to "help" in reducing your chance to lose. You could check here on BlackJack strategy http://wizardofodds.com/games/blackjack/strategy/calculator/. It basically tells you on when to stand or hit , so consider it as a normal strategy not a "winning strategy" because strategies are meant to help you in reducing your chance to lose, not to help you keep on winning things to stand or hit usually I use the feeling sometimes I have a good feeling if only the minimum bet at the blackjack 0.0001, maybe I will last longer and many make a profit because 0.001 is too big for me and usually I play with capital 0.01 - 0.03. Well wagering at even minimum of 1 satoshi will make you bust soon enough if you have a bad streak on it . To be honest, your "feeling" has no effect to the result of your martingale bet, It will stand on either win or lose and nothing more of this "feeling" will change the outcome of it, best way will be to follow that wizardofodds BlackJack strategy P.S : if you are looking for a site with lower wager amount for BlackJack then you should check on CoinRoyale which has 100 satoshis minimum bet ( I could be wrong on this ) |
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It doesnt matter if you agree or not because that is not your call to do so. Laws are the main thing government use to control his country and your job would be to bow down before the law ofcourse and ofcourse sooner or later once government start to acknowledge BTC and its threat to their economic structure then we will see a heavy tax on BTC/FIAT exchange to discourage user.
well soo the black market will act to allow users to get the bitcoins as to sell them ,currently able to get them on exchanges... if government take a huge step ,btc comunity will find a way to avoid them .... the same think some people declare the btc ammount holding others just dont.... I doubt that it will go way that far. Worst thing would be that some people will be discouraged to exchange it to FIAT and the others might still be doing it as usual. It is pretty simple to avoid it anyway because people could do a peer-2-peer exchange without involving any exchanger thus this could be use to avoid the huge tax when you are exchanging it to FIAT if governments would think to attack bitcoin ,well for them is pretty easy to be buying bitcoins and trying to control the price...but why they should do that? they control the currencys already....countryes make the bump and dump very easy.... and yes a pression but when bank acts all market react For the bolded part, it is unclear about what currency are you talking about. If what you meant is BTC then you are wrong because the governments dont control BTC but if it is their country's currency then you are wrong again because their currency's currency isnt something to be pump or dump P.S : To be honest it is pretty hard to understand what you write , perhaps you should use google translate to help you for the "wording" of your post |
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Seriously no, you could say that most trader are gamblers as well but the fact it isnt. Trader do "make a bet" about the movement of the value but only if there is a "sign" of the movement which someone could see from several point.
The several crucial will be number of buy and sell order, volume for X hours and also activities from the other exchanger ( it isnt good just to relly on 1 exchangers chart ) also that basically a chartist would be able to pinpoint the rough direction of where the next movement will be which makes trader take action to "bet" on this movement and not just a "blind bet" without knowing where it will go
well about bitcoin worth no one can say where it can go tomorrow or end month -snip- From your statement, I could know that you are not a trader. Yes "no one could know" is a pretty general statement there and it doesnt stand in trading. If you are delusioning yourself with "no one could know" statement then it is better for you to stay away from trading It is not about tomorrow anyway. People are called daytrader because they are doing it consecutively in one day, taking positiong now and sell it minutes later for a few cents profit , yes it is few cents profit / BTC but daytrader do rinse and repeat this cycle daily thus this gain them profit. I think arallmuus is saying that it's the volatility in the price that attracts traders. Yes I did and thats the truth. None will be attracted to it if the value is stagnant and there isnt any movement but I would think traders are just making a bet on the direction the price is going to go in the future.
Seriously no, you could say that most trader are gamblers as well but the fact it isnt. Trader do "make a bet" about the movement of the value but only if there is a "sign" of the movement which someone could see from several point. The several crucial will be number of buy and sell order, volume for X hours and also activities from the other exchanger ( it isnt good just to relly on 1 exchangers chart ) also that basically a chartist would be able to pinpoint the rough direction of where the next movement will be which makes trader take action to "bet" on this movement and not just a "blind bet" without knowing where it will go Yeah I wasn't suggesting that there is no due diligence or research behind the bet. I use the word "bet" because there is a certain amount of risk and uncertainty with the choice, while choosing the direction that will make a profit. Some people are great at betting, but it's still a bet. Everything is risky and uncertain to begin with i.e you are saving your money or buy some stuff in fact that you dont even know that you will be alive tomorrow, so you are taking a bet as well ? No it isnt P.S : above is just an example that everything is uncertain and trader are not "betting" it is so much different in many aspect between a gambler and a trader |
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instead enter on this game that will lead several people to loose they precious money ,bitcoin.
It is indeed not a game to begin with, it is the same as normal daytrading despite that you could take up "loan" which ofcourse will either double up your profit or double up or lose as well. This is how most daytrader do a quickswing for profit , in which you can see that two days ago price was around $227-228 and yesterday we hit $230. Instead of 1 BTC with this you could get x10 of it and gain $20 quickswing profit. Its nothing more than a number in database and ithas no effect to the market When you do leverage you are also always a lot more scared and prone to cut loses because you can end up owning money to the exchange. There is no middle ground. It's very tempting to do leverage and wait for the almost daily up and down of 10 USD and get a ton of money, but you never know when things can screw you up really bad. Cut lose is a crucial strategy to use because it is far more risky not to cut lose when the price is declining. Also that it is not like that you are losing this "game" once you have cut lose anyway because there is a chance that the value might rally back soon. Traders spent like more than 6 hours just to trade, so cutting lose once or twice isnt really gonna affect your run on trading but it will just make it harder for you "Someone" did a study on day-traders, and found that WAY many more lose than win.
Of course and it is a fact that whenever someone "win" on trading than there are someone who "lose" on it. Day trading alone is risky enough but if you are good at it, leverage is a great way to make a quickswing for profit |
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I think arallmuus is saying that it's the volatility in the price that attracts traders. Yes I did and thats the truth. None will be attracted to it if the value is stagnant and there isnt any movement but I would think traders are just making a bet on the direction the price is going to go in the future.
Seriously no, you could say that most trader are gamblers as well but the fact it isnt. Trader do "make a bet" about the movement of the value but only if there is a "sign" of the movement which someone could see from several point. The several crucial will be number of buy and sell order, volume for X hours and also activities from the other exchanger ( it isnt good just to relly on 1 exchangers chart ) also that basically a chartist would be able to pinpoint the rough direction of where the next movement will be which makes trader take action to "bet" on this movement and not just a "blind bet" without knowing where it will go |
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