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6601  Economy / Gambling / Re: BetterBets.io - Bitcoin Casino ★Unique Luck Forging★ Powered by Moneypot.com on: June 08, 2015, 10:50:55 AM
Oh ok I understand. but did you try to bet on 4 horses?

Actually this options is still unavailable yet as the user is able to bet only 1 horse from 5 horses though but the trifecta options could be developed so that people could bet more than 1 horse for it

i think they should develop a rain bot..which can tip players there from time to time.


Rain bot as well as a quiz bot will be coming soon enough since it has been suggested before and If you have any other suggestion you could them in chat to either Bjorn or Lobos, they will note down your request and develop it . Most of the betterbot complex feature on betterbets is developed from the player request as well  Wink

wow.. i just got won there..
btw i want developers to make auto tipping system which can tip people from time to time like diggit.io , interface is clean..best of luck.

Should be coming shortly ! Betterbets will have a different bot than any other than you have seen in other site
6602  Economy / Gambling discussion / Re: How greedy you are ? on: June 08, 2015, 10:40:01 AM

Those degens are driven by their greed, some people are very greedy tbh and never had enough of it thus when they lose they are curious on why they are losing it which makes them to wager more and try to win back what they have lost therefore resulting them to lose more than the previous

A friend of mine made a solid run from 0.00213 BTC into 0.541 BTC in bitdice but he is so greedy that he let his greed overrun him and thus lost them all the next roll

Maybe you thought he was greedy but perhaps he was just pushing his luck. How does that sound? How can you quantify greed in numbers?

Greed greedy is an adjective to begin with and there is no way to put it into a number for calculations and that would be pointless because Im simply stating an example here  Wink

Code:
pushing luck 

This is what most people thought when he is being greed, they dont think they are greedy but they are "trying" to earn more and "trying" to be lucky again. Seriously someone who made a solid run from 0.00213 BTC into 0.541 BTC and keep on trying to "push his luck" ended up busting it all isnt called as a greedy person than I dont know what is

6603  Economy / Gambling / Re: [DICE]Bikinidice, Multicurrency,auto bet, range selector.AUCTION, PLEASE ENTER !! on: June 08, 2015, 10:28:17 AM
will he get negative trust or something like that? i mean you cant do that as far as i know

It is not necessary to give a negative trust to someone who back out on a deal, that will be bikinidice previous owner decision if he is willing to give him a negative trust. Also that yussuf84 account has been given back to the real owner because it is a somewhat hacked account to begin with https://bitcointalk.org/index.php?topic=964525.0


Thankyou for this, I didnt even know about yussuf backed out on this deal, and if unibtc is the owner of this site then you can expect this could be one of the major dice sites soon because he himself is a highroller in most dice sites
6604  Economy / Gambling / Re: BetterBets.io - Bitcoin Casino ★Unique Luck Forging★ Powered by Moneypot.com on: June 08, 2015, 10:25:01 AM
no not who is winning..tip means some bits to kick start..
i see lots of dice site giving ..i missed yesterday one of those as said by one of my brother..

thank you.

Yesterday there were alot that has been given tips to start to play in here but most people just abuse it by creating a multiple account and withdraw it and also it is not necessary to give some tip to begin with because you can always use the faucet to try out the games.
Good thing that the news about this site spread but the tip isnt somewhat that will be constantly given, you may be lucky to get one when Bjorn see you are rolling on the site  Smiley
6605  Economy / Gambling / Re: [DICE]Bikinidice, Multicurrency,auto bet, range selector.AUCTION, PLEASE ENTER !! on: June 08, 2015, 08:31:47 AM
The site was sold a few months ago. I am not sure why the buyer paid so much for it and never actually did anything with the site

Actually the new owner did something though but perhaps it is just that he is doing it in a slower pace, He made a logo design contest for new BikiniDice Logo here and paid the winner as well as the other participants here https://bitcointalk.org/index.php?topic=1067435.0

The site could be under total redesigning but there is no official statement yet regarding it and it seems like the new owner has a hobby of testing a new site and giving them review , which you can check here

https://bitcointalk.org/index.php?topic=1082051.msg11547164#msg11547164

https://bitcointalk.org/index.php?topic=1073402.msg11484868#msg11484868

https://bitcointalk.org/index.php?topic=1070493.msg11455510#msg11455510

And if it is the same yussuf89 (same person behind the account )who bought it, he opened up another dice site before and it seems like it was not succesfull

https://bitcointalk.org/index.php?topic=1052006.0
6606  Economy / Gambling discussion / Re: How greedy you are ? on: June 08, 2015, 08:14:47 AM
most gamblers are degens and wont stop lol

Those dgens are driven by their greed, some people are very greedy tbh and never had enough of it thus when they lose they are curious on why they are losing it which makes them to wager more and try to win back what they have lost therefore resulting them to lose more than the previous

A friend of mine made a solid run from 0.00213 BTC into 0.541 BTC in bitdice but he is so greedy that he let his greed overrun him and thus lost them all the next roll
6607  Economy / Economics / Re: Buying Bitcoin on margin - this could explode the market (and bank accounts) on: June 07, 2015, 08:38:43 PM

I don't follow your thinking here - do you mean sell short or sell the bitcoin soon after buying it on margin?

Of course you dont, you are not a typical day trader type it seems

It's a question of how many traders are using margin for short term transactions vs. long term transactions, or being able to finance hodl positions.

That would be a question for you, basically Im standing with that there will be more people that use it for quick swing instead. No one is holding things that they obtain via loan, the risk is far greater than expected profit.

-snip-

Good thing that you know stuff about daily trading and I was a daily trader before so I know what most daily traders are thinking

Code:
 each time you buy then that means that it will be each time that you sell as well. 

More importantly, it's naive to think that giving greater access to supply (i.e., increasing the margin % available to investors) will have no effect on the price volatility simply because "what's bought must eventually be sold".

Actually you are wrong on this, Im saying that it have no effect on the demands and not on the price volatility

As for the mortgage stuff I was forgetting about mortgage anyway, thanks for pointing me to that but as a matter of fact I do think people are mortgaging because they need a house not because they are getting a loan for future investment or so ( I may be wrong on this)
6608  Economy / Economics / Re: Bitcoin trading strategy on: June 07, 2015, 07:30:36 PM
Not that Im pessimist in BTC , just that people should learn that it is not a guarantee that the value will increase overtime , best thing would be earning from its movement aka daily trading

P.S : buying and holding BTC isnt really trading but somewhat it is long term investment

So what's been your history and success with trading BTC?
-snip-

Good luck!

I am decent on it I guess but I was a day trader like a year ago ( or about 8-10 months ago) mostly in btc-e and huobi but not anymore, I am now enjoying my life gambling with it now instead Wink .

There's been such little movement recently, I wonder if you've been able to make some plays that have really paid off.

Actually there is quite a decent movement and the price decline again just few hours ago which you can check here https://bitcoinwisdom.com/markets/huobi/btccny. If this small up and downs isnt a movement than I dont know what is . You could have profitted from all this small movements but most people are looking for big movement instead since small movement will earn them a little only .
6609  Economy / Economics / Re: Is it better to save money or invest it? on: June 07, 2015, 07:21:35 PM

i agree with this, the only problem is when is the correct time to exit, you will learn it by losing, at least at the beginning

There is no "correct" time to exit this. Basically anytime you got a slight profit about 1 % then that would already be the best time for you to exit thus in theory people are always willing to stay up longer in hope to get much more which actually ends up burning themselves instead.
Thus Of course with a solid investment such as gold and/or real estate / BTC people tend to stay much longer though since it is meant to stay as a long term investment

correct in the sense of maximizing your profit, and minimize the damage from the fees, if you can alwasy exit at the correct time, your final income would be higher, so it's an important aspect

Indeed I has stated that it has no correct time as there are several aspect to look at and thats depends on each individual as well. Sense of maximizing profit and minimizing risk will be different somewhat one across another and not to mention that no every investment would be the same in this case.
Therefore there is no "correct time" on it because discussing about this will lead to an endless discussion because each person will have a very very different opinion onto this  Wink
6610  Economy / Economics / Re: Buying Bitcoin on margin - this could explode the market (and bank accounts) on: June 07, 2015, 05:36:07 PM

Margin increases demand instantaneously.

Margin increases demand but also that each time a trader buy then that means that there will be a time that he will need to sell it shortly which makes them neutral and wont affect the market at all. It is not like someone is holding after using this, someone is planning on short term which involve buying and selling simultaneously


I don't follow your thinking here - do you mean sell short or sell the bitcoin soon after buying it on margin?

Of course you dont, you are not a typical day trader type it seems

Margin is buying (or selling) on loan. Shorting is take a position on the stock/bitcoin that benefits me

I know what it is.

But if majority of people using margin are using it to facilitate quick swings in the price, then this would mute long term swings in the price.

It is not But If but it is the truth of people are doing with it and that is what I meant. Seriously why would someone even hold something for a long term which he get it from a loan? people are not doing this to be honest especially when there is a significant gain in the quick swing especially in this volatile moment.

It's a question of how many traders are using margin for short term transactions vs. long term transactions, or being able to finance hodl positions.

That would be a question for you, basically Im standing with that there will be more people that use it for quick swing instead. No one is holding things that they obtain via loan, the risk is far greater than expected profit.
6611  Economy / Gambling discussion / Re: How greedy you are ? on: June 07, 2015, 05:04:09 PM
Gambling in my opinion is based on pure luck

Not every gamble is based on pure luck. Luck does play a vital part in gamble and so does it in every part of your life so you can based that it is only luck based (though dice game is somewhat more luck based) .

In either sportsbook or poker, it is not everything about luck though, in sportsbook there is a need of analysis on each head to head because you cant bet on the underdog team and hope that luck brings you a miracle there and so does in poker where strategy is needed to lure in your opponent to call in your bet
6612  Economy / Gambling / Re: DaDice.com - Next Generation Social Gambling Dice Experience on: June 07, 2015, 01:34:14 PM
Well we all know Marco hidden agenda, as he tried to hijack our campaign in the past. I think we should go without escrow in the future and see if we succeed Cheesy

EDIT: After all his campaign is run without escrow at all, why we had escrow from day one.

It will still be better to use escrow as we dont want to follow Marco's path I believe , this what makes this campaign extraordinary Cheesy

No it's not. I control an escrow address and a hot wallet address which the bot pays out from. On the few occasions that participants are paid a few hours late, it is due to the hot wallet being out of funds and I (not Bit-X) refill it. There is always in enough in the escrow and hot wallet addresses combined to pay everyone out at any given point in time (the escrow address alone is enough actually).

If I am not mistaken, you meant this address ? https://blockchain.info/address/1DwsNFJnXFSFtXP7M2q4rVczLyTqNpz1pb. It has barely 5.7 BTC and the data for your campaign isnt actually public as we dont know exactly how many post are being paid throughout 1 week timeframe. Im assuming it is not enough because amph + MZ + Redsnow combined would be able to get 1+ BTC for their post and not to mention the other participants.

Atleast we the enrollments are ensured that we will be paid this week considering 3.4 BTC is in the wallet also that some of the regular poster moved to the fixed campaign which means it will be barely reaching 3 BTC this week

These 2 addresses (total of 8 BTC):
https://blockchain.info/address/1DwsNFJnXFSFtXP7M2q4rVczLyTqNpz1pb
https://blockchain.info/address/16pe2twTgrjKC8mioPjX3f2UbCMGvWbVz4

If the campaign were to stop all of a sudden right now I'd have to pay out exactly 1.5941 BTC.

If you are taking this analogy then it will be the same case like dadice, it is still Sunday and if the campaign were to stop now then they will need less than 3.4 BTC in total + the enrollments in the fixed campaign as well, considering their payment is being pro-rata by 80 posts. So I think we are clear here Marco about this issue, thankyou for your consideration for reminding the wallet refill   Smiley
6613  Economy / Gambling / Re: DaDice.com - Next Generation Social Gambling Dice Experience on: June 07, 2015, 01:23:49 PM
Well we all know Marco hidden agenda, as he tried to hijack our campaign in the past. I think we should go without escrow in the future and see if we succeed Cheesy

EDIT: After all his campaign is run without escrow at all, why we had escrow from day one.

It will still be better to use escrow as we dont want to follow Marco's path I believe , this what makes this campaign extraordinary Cheesy

No it's not. I control an escrow address and a hot wallet address which the bot pays out from. On the few occasions that participants are paid a few hours late, it is due to the hot wallet being out of funds and I (not Bit-X) refill it. There is always in enough in the escrow and hot wallet addresses combined to pay everyone out at any given point in time (the escrow address alone is enough actually).

If I am not mistaken, you meant this address ? https://blockchain.info/address/1DwsNFJnXFSFtXP7M2q4rVczLyTqNpz1pb. It has barely 5.7 BTC and the data for your campaign isnt actually public as we dont know exactly how many post are being paid throughout 1 week timeframe. Im assuming it is not enough because amph + MZ + Redsnow combined would be able to get 1+ BTC for their post and not to mention the other participants.

Atleast we the enrollments are ensured that we will be paid this week considering 3.4 BTC is in the wallet also that some of the regular poster moved to the fixed campaign which means it will be barely reaching 3 BTC this week
6614  Economy / Gambling / Re: DaDice.com - Next Generation Social Gambling Dice Experience on: June 07, 2015, 12:56:57 PM
That defeats the point of escrow if you fill it up the day or the day before payouts are made.

Sorry Marco, it is almost the same scenario as your campaign whereas most of your campaigner complaint that they are being paid late due to there isnt enough funds in the escrow wallet. Dadice filled up the escrow wallet each week where they spend ~3BTC , that should be enough considering that is the rough average payment for their campaign each week and now the wallet contain 3.4 BTC
6615  Economy / Economics / Re: Bitcoin trading strategy on: June 07, 2015, 12:53:16 PM
This 10'000$ dream is cool, problem is you have no way of knowing if it will ever get there. I'm not saying it cannot/won't, but do you know for sure that it will? Otherwise you will be sitting on a bunch of coins, not doing anything with them, just to find out that in 10 years it is worth the same.

Some people are living in their own delusional dream (cant really blame them though), probably driven by that BTC once reached $1200 and may reach another high peak again someday. The bolded part will be a good scenario if it really happen or the people holding and hoping it to reach $10,000 will be sitting with a worthless BTC in 10 years
Not that Im pessimist in BTC , just that people should learn that it is not a guarantee that the value will increase overtime , best thing would be earning from its movement aka daily trading

P.S : buying and holding BTC isnt really trading but somewhat it is long term investment
6616  Economy / Gambling / Re: MoneyPot.com :: The bitcoin gambling wallet on: June 07, 2015, 12:10:24 PM
arallmuus please let me know what it means... i have seen it in moneypot??

Casino   Bets              Wagered                   Net Profit
MiniDice   12859      82,643,322 bits           -422,153.95 bits


question 1:

is the owner is in profit or loss? net profit is in -ve so is he in loss??

if some one deposit .5 btc and just gets 1 btc then who will bear the loss?? the owner or moneypot??

this minidice is very nice dice site..i really love to spend time there...

First, I asked syuhide to post his question here since it is being off topic to ask about moneypot in minidice thread here https://bitcointalk.org/index.php?topic=1080136.40

So to address your question, the owner of moneypot (Ryan is in loss) as well as the other investor but not to the owner of Minidice because he absolutely got nothing to do with the net profit. The more wager amount the site has the more profit he will get because developer share a 50 % of the house edge considering that minidice has a standard edge of 1 % that would mean that he got 0.5 % of whatever is being wager there (rough count)

tl;dr : owner of the website/developer got no risk at all even if the net profit of the site is on heavy minus

means if i open a site on moneypot no matter if the game is whole in a loss or not , all i need to send traffic and let people invest wager in it..??
is it so??

In simplest way yes all you need to do is create/code a gambling site and attract player to wager on the site but of course you will need to have an extraordinary site to lure people to wager on the site otherwise it will be hard to attract players especially dice sites . The only expenses will that you will need to do some promotions to get player and also the domain maintenance fee and the others

P.S : Mostly since there is an edge for the site, the game will profitted sooner or later, minidice will reclaim his profit soon as well
6617  Economy / Gambling / Re: MoneyPot.com :: The bitcoin gambling wallet on: June 07, 2015, 11:55:45 AM
arallmuus please let me know what it means... i have seen it in moneypot??

Casino   Bets              Wagered                   Net Profit
MiniDice   12859      82,643,322 bits           -422,153.95 bits


question 1:

is the owner is in profit or loss? net profit is in -ve so is he in loss??

if some one deposit .5 btc and just gets 1 btc then who will bear the loss?? the owner or moneypot??

this minidice is very nice dice site..i really love to spend time there...

First, I asked syuhide to post his question here since it is being off topic to ask about moneypot in minidice thread here https://bitcointalk.org/index.php?topic=1080136.40

So to address your question, the owner of moneypot (Ryan is in loss because he is a top investor) as well as the other investor but not to the owner of Minidice because he absolutely got nothing to do with the net profit. The more wager amount the site has the more profit he will get because developer share a 50 % of the house edge considering that minidice has a standard edge of 1 % that would mean that he got 0.5 % of whatever is being wager there (rough count)

tl;dr : owner of the website/developer got no risk at all even if the net profit of the site is on heavy minus
6618  Economy / Gambling / Re: Champions League Final Predictions Barca Vs Juventus on: June 07, 2015, 11:34:12 AM
I'm disappoint for not see the Chiellini Vs Suarez match , but yesterday Suarez are really calm and quiet  Grin

Suarez is meant for diversion last night. You can see it throughout the game here is what support my argument regarding it though :

#1 most ball will be from Messi to Neymar then Neymar will put it in the middle of penalty box where most of the midfielder are already waiting for ( approved by the first goal )

#2 Whenever Messi trying to break from the middle , Suarez will be heading to the left luring atleast 1 of the central defender thus this makes alot of gap in the Juventus' Defence Line

#3 It will be hard for Suarez to break through as Juventus central defender is one of the toughest head-to-head defender with the striker, breaking through their fullback is an option which you can see that Lichsteiner cant even keep up with Neymar

The problem with Juventus was that they played too aggressively

I believe they dont want to do that either but they are forced too play it that way especially when they are conceded just 4 minutes when the game start, they need to push harder to get a goal back otherwise its the end for them and they know it

P.S : I voted for 3-1 as well but stupid me, I forgot about this thread and thus I dont bet at Directbet for it :x
6619  Economy / Economics / Re: Bitcoin trading strategy on: June 07, 2015, 08:59:09 AM
There is nothing wrong with that, he is simply stating up example so he can indeed put up any number into it but he forgot the vital point that a skilled trader wont even wait for a 10 % increase to sell it, it will be around 0.5-1 % to execute the sell for them

unless you can systematically, be good with selling at such low % in the long run, fees would be a problem, those are anyway good shorters traders, a more bullish will wait a bit more before selling to squeeze the maximum amount possible, and the risk will rise too, of course

Fees are mostly 0.25 % which make up 0.5 % for both buy and sell which makes my argument stands on atleast 0.5 % because some exchanger apply a limit/instant execute which the fees only apply to the limit option and most chinese exchanger are applying 0 % fees anyway so it is a bless for trader

The bolded part is actually a standard way in trading. Practice do make things perfect which in this case a skilled trader will now on not how to limit order

i.e since the price is holding at $220 (for example )

Instead of buying a chunk of it for $219, trader mostly set up limit for the order and spread it well, in this case it will be buying at $219 , $218.8 , $218.6  and so on. By making it this way, it is easier to gain profit this way, the price of your buy order will be on the average of those all buy order. By doing this way then if the price is dropped to $218.8, then you will still have some tiny profit out of it because you are not buying them entirely at $219 but instead you spread it further to minimize the risk of losing it
6620  Economy / Economics / Re: Is it better to save money or invest it? on: June 07, 2015, 08:50:47 AM
i guess the only others option is too invest in those risky HYIP/ponzi, and hope to exit at the best time without losing anything, i don't see many oithers alternative, and there aren't without risk

Its not even an investment to begin with, it is basically surrendering your money to those thief if you are putting in your money into HYIP while there are still tons of other investments available and thats basically stealing from someone else

Bad idea, you dont try to double up what you invest in this case but more likely consider each investment to have an exit plan instead. The simple rules will be

Code:
get investment -> get a profit -> exit -> repeat the process

Otherwise you will be swimming in delusion of constantly wanting to get a big chunk of money without even getting an actuall profit for your investment because every investment got its own risk, you might not always get a profit but maybe a loss instead


i agree with this, the only problem is when is the correct time to exit, you will learn it by losing, at least at the beginning

There is no "correct" time to exit this. Basically anytime you got a slight profit about 1 % then that would already be the best time for you to exit thus in theory people are always willing to stay up longer in hope to get much more which actually ends up burning themselves instead.
Thus Of course with a solid investment such as gold and/or real estate / BTC people tend to stay much longer though since it is meant to stay as a long term investment
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