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6861  Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy on: May 20, 2015, 03:48:53 PM
The price of bitcoin is affected by adoption.

It is true but not entirely true as there are several factor to weight in as well besides adoption. In fact before people adopted as a currency then of course the price will need to be stabilized since it is risky to use a volatile currency as a payment .

Price will never go to 100$. It's new investors dream but price of bitcoin is going up year by year and skyrocket soon.

This is a sweet dream of yours I assume. There is no guarantee yet if the price will skyrocket or submerge soon

We all are waiting for that day to come when btc reaches $100 but it is really difficult to judge whether it will go that down or not and as you said I would also prefer to buy maximum number of bitcoins which can earn me profits when prices go high.

Sadly it wont reach $100 for now. Reason of it would be simple

#1 Most trader are chinese
#2 ASIC manufacturer in this case it is BITMAIN

Basically if they let the price get to $100 that will be the end of mining and ofcourse will be the collapsed of ASIC manufacturer business as well since the cost of mining will be far higher than the value of the coins (not to mention the rise of difficulty as well). With that said, the whale wont let the price go near it since it will damage the value of BTC (panic sell throughout the world) and the collapsed of the ASIC business 




6862  Economy / Economics / Re: What do you guess about he future of bitcoin? on: May 20, 2015, 03:37:29 PM
a lot of people say that bitcoin is not a stable currency since there are alot of fluctuations in it.

Even USD has some fluctuations if you compare it to the currencies of another country but thats not the issue though

Its great to make predictions, but lets take some facts that bitcoin needs to solve.

I see a flaw within the coin itself, I`m a huge advocate for bitcoin. But, it has a serious double spending issue

Double spending is an issue but it is not the main issue here. The main issue would be its slow transactions process which needs an average of 1 confirmation/10 minutes

Double spending is a problem for those of us who don't understand how things work. Double spending can easily be spotted. It's not a ghost that operates under the radar.

If we are talking about the future of BTC. I would assume that it will be use in general by most people. Probelm is not everyone knows how to spot this things as most people are techsavvy. You cant expect the elder to spot a double spend if they were to use BTC as transaction

The only thing I agree with as being a serious problem is once all Bitcoins are mined.
You can't just expect pools and mining farms to burn lots of power and hardware for a few transaction fees, just to keep Bitcoin secure.

It will depends on the value of BTC itself. Most people stop mining due to that the cost of mining > the value of BTC. Once all BTC mined, I think it is safe to assume that the value of the coins might be high . Since people wont be mining all BTC if the cost for mining is still higher tham the value of BTC though
6863  Economy / Gambling / Re: Primedice.com | Most Popular & Trusted Bitcoin Game | Huge Community | Free BTC on: May 20, 2015, 03:02:06 PM

Happy hours should announce before hand because it is not limited to only regular players on PrimeDice. In fact it should be announce like at least 24 hours before it so that people could know and follow this event but it seems that this event isnt regular yet. This could be considered as a good advertisement for PrimeDice since people are usually attracted to a site with high faucet amount.

100 percent disagree
the point of happy hour is its random and can happen at any time. It promotes people to be active in chat. If it is mass advertised it will just cause tons of alts to abuse

You left out an important part of my post there (bolded part). Everything could be abused, even the usual faucet has been abused by doing pvp and transferring the funds back and forth. Giveaways/event at least attract more people to try on the sites though event/giveaways are considered as part of the site advertisement as well
The bolded pat in your post is wrong, people doesnt need to be active in chat to know it because all we need to do is to play at PrimeDice and wait for the "random" happy hour to start
6864  Economy / Gambling / Re: Primedice.com | Most Popular & Trusted Bitcoin Game | Huge Community | Free BTC on: May 20, 2015, 05:51:52 AM
IMO, it shouldn't be. happy hour is for the active players and not for those who only play when there is something like it. If users are active, they will definitely dont miss the happy hour Smiley

Happy hours should announce before hand because it is not limited to only regular players on PrimeDice. In fact it should be announce like at least 24 hours before it so that people could know and follow this event but it seems that this event isnt regular yet. This could be considered as a good advertisement for PrimeDice since people are usually attracted to a site with high faucet amount.
6865  Economy / Gambling / Re: DaDice.com - Next Generation Social Gambling Dice Experience on: May 19, 2015, 09:26:20 PM
OUR ROLL COUNT AND PREDICTION TIME REMAINING!!

We are now on nearly 124 500 000 rolls! Remember the earlier the date from the 19th of June the more the bounty will be so let's keep those rolls coming!

Only 3 more days left to enter the guessing competition for 0.1BTC as well!

Regarding the prediction game , I wish to propose a "no editing" rules

Basically the reason for me to propose this because It seems that it is more fair this way. With the current rules that allow to edit before the due date, the rules are in favor of those who posted at the thread first. Whoever posted first have more chance in getting the

i.e

A posted his prediction at day 1 for prediction 1st December
B posted his prediction at day 2 for prediction of 2nd December
C posted his prediction at day 3 for prediction of 3rd December

A and B noticed that it will be at 3rd december and therefore edited their choice into 3rd December. The 3 now got the same answer but A wins because he "posted" first although he edited his answer in the last minutes
6866  Economy / Gambling / Re: DaDice.com - Next Generation Social Gambling Dice Experience on: May 19, 2015, 08:00:00 PM
its good to hear that, but cant people farm accounts on faucet easily then? there might be abusers

Before you could farm on the faucet , you will need to level up your account which is hard work because the required points to get the higher faucet amount is quite big. Not to mention that the highest amount of the faucet would be 12500 satoshis at lvl 50 and the minimum amount to withdraw is 0.001 BTC

You will need to ten eight fold your faucet before you could withdraw it so yeah it will be a hard work if someone was planning to abuse it  Wink
6867  Economy / Economics / Re: Bitcoin trading strategy on: May 19, 2015, 07:54:04 PM
Yes its true. For trading that is a bad idea to do martingale because you need to spend most of your fiat to buy bitcoin but with gambling I guess some people prove it that its working and at least you can cover your loss and still get some profit with it. I just experienced it before and after that I loss them all to because I was too greedy  Grin

Martingale strategy in trading will have the same effect as martingale in a gambling sites which is a lose sooner or later but if you are truly good in trading especially in reading graphs than this strategy could be well applied to it

how do you trading with martingale method? Is that even work for trading? Because what I know is martingale is only for gambling

It could be applied for binary options trading since it will be just the same as the usual martingale strategy that is used for gambling though

I guess that is true but it will have a lot of risk in doing martingale altough if you good in reading graphic and your analyze is almost perfect but you could make a mistake too so its too risky to do martingale in trading. Better to trade like usual and hope to get profit from it and dont expect too much from martingale things

Excellent skill in reading graphs and analysis is not a guarantee that you will never lose in trading. It is just as an insurance that will give you a better chance to "win" in trading. Golden rule of trading : each time someone get a profit, there will be someone who lost.
You cant always "win" in trading therefore there is a term to "cut loss' for pro trader


Actually the price has been pretty stable at around 220-240 USD since the end of January. If the price going up and down by $10 is "declining day by day" then you must be a day trader aiming at small movements. Most people don't care if it goes up or down by a few bucks and wait for a significant move like another $300 approach or a fall below $200.

Well you know me, Im not a day trader, a gambler suits me better  Wink. I just got some skills in reading graphs or so thus this enable me to know about this "small movement" which is declining day by day.
True that most people dont care unless the price goes up or down by atleast $25 or so but since this thread is about trading strategy that is why I posted that though to make people aware the declining prices  Wink

P.S : Plus I read alot of graphs analysis so yeah Smiley
6868  Economy / Gambling / Re: Primedice.com | Most Popular & Trusted Bitcoin Game | Huge Community | Free BTC on: May 19, 2015, 07:28:42 PM
For PD to continue to grow it's important that you provide us with any feedback you have including giveaway suggestions

Have some feedback for you to add Stunna since you mentioned this up. Please add a warning sign for the new account

The warning sign will be an indicator that the new account hasnt been set up with any password yet. Basically this is to help you in dealing with your support as I believe there are some people that are not farmiliar with PrimeDice yet and there is a chance that they might not be able to access their account again after closing the tab because they forgot to set up password


For giveaway suggestion how about an event where players will compete to snipe in the X number of rolls

i.e those snipe the #5,212,121,212  bet with atleast 0.001 BTC will be given X BTC or so would be a nice event though
6869  Economy / Gambling / Re: SatoshiBet Bitcoin Casino - Provably Fair - Bonuses - Play Roulette, Blackjack on: May 19, 2015, 03:37:02 PM
So, is the problem about my email? -snip-
If yes, I will make my yahoo account to solve the problem.

The problem is not about your gmail account since using any mail provider services wont be an issue for the bonus code especially gmail is one of the most reliable mail provider service. The problem could be from the bonus code itself since several people complaint that the bonus code expired after they have redeemed it and it has been wagered before

Your issue could be one of the unfound issue for the bonus code. What you need to do take a screenshot of the issue and to mail addi for this issue so that he can fix things before sending the new codes next week . Simply PM him or send him mail through support form at the site
6870  Economy / Gambling discussion / Re: BEST FREE SOCCER/FOOTBALL BETS #1✔✔✔(W260/L70)PREMIUM PICKS FOR ONLY 0.01 BTC!!! on: May 19, 2015, 03:31:27 PM
Why do they give lower odds?

It is called as a standard risk management. Basically giving high odds for a sure-to-win team will be a backfire for the sportsbook. Therefore some sportsbook give a lower odds compared to the other .

On the other hand, the lower odds could be due to the number of BTC wagered for the bet.
i.e If Real Madrid vs Cordoba

Real Madrid odds will be 1.02 since Real Madrid is a sure-to-win team but if there are alot of BTC wagered for the selection of Real Madrid to win the game then the sportsbook will definitely cut down the odds to 1.01 or making that selection to unavailable to ensure that the site will not be broke in one night due to this match
6871  Economy / Gambling / Re: DirectBet – LIVE Sportsbook & Racebook. Rated # 1 by Bitcointalk Members ! on: May 19, 2015, 03:26:03 PM
Why the odds got reduces just when i send a bet

It is normal in live betting that the odds may be fluctuating depending on the situation

The reason you are getting a lower odds for it is because that you using a flexible odds for it

Here is the description of the flexible odds
Quote
Confirm bet at the best available odds by the time the bet transfer is received. Odds might be higher or lower than current quoted odds

to avoid this things from happening again simply bet using the negotiate odds option

Here is description for the negotiate odds
Quote
Confirm bet when the best available odds is equal or better than the specified odds
6872  Economy / Gambling / Re: Best place to advertise my future gambling site! [Advice] on: May 19, 2015, 02:35:26 PM
I was wondering what the best places are to advertise a fully bitcoin gambling site? Your advice is highly appreciated!

Best places to advertise a BTC gambling would be in a BTC gambling review sites. People are looking for reviews before trying on the actual sites

Having the review sites to review your sites will be consider as an advertising since if the review of your site is good then you can expect more people to try your site. Some BTC gambling reviews site issue up an advertisement slot as well and this could be your opportunity if you want to an extra advertising at their homepage

I would suggest two sites to you

#1 https://thebitcoinstrip.com/

#2 http://cryptobettingindex.com/

Both sites are great for advertisement and bitcoinstrip has been doing honest review for all the sites here.

P.S : some sites may be biased on their reviews depending on what you "pay" them

Thanks for your response.
Very nice, is there any others like these two review sites? Are these the ones most of you use?

There is alot of other review sites but I dont keep a track on that (try googling them) . I use bitcoinstrip mainly because they provide a honest review of the each site. Most review's are biased on the other sites because the site owner pay them to give the site a good review and high rating but bitcoinstrip is different

As for cryptobettingindex, I dont use really use but I am just suggesting it since the traffic for that sites seems to be quite high and alot of sites in this sections promotes their services there as well.
6873  Economy / Gambling / Re: Best place to advertise my future gambling site! [Advice] on: May 19, 2015, 01:30:34 PM
I was wondering what the best places are to advertise a fully bitcoin gambling site? Your advice is highly appreciated!

Best places to advertise a BTC gambling would be in a BTC gambling review sites. People are looking for reviews before trying on the actual sites

Having the review sites to review your sites will be consider as an advertising since if the review of your site is good then you can expect more people to try your site. Some BTC gambling reviews site issue up an advertisement slot as well and this could be your opportunity if you want to an extra advertising at their homepage

I would suggest two sites to you

#1 https://thebitcoinstrip.com/

#2 http://cryptobettingindex.com/

Both sites are great for advertisement and bitcoinstrip has been doing honest review for all the sites here.

P.S : some sites may be biased on their reviews depending on what you "pay" them
6874  Economy / Economics / Re: Government & Bitcoin on: May 19, 2015, 11:50:20 AM
Gambling is a profitable industry, specially when it is monopolized. That is why goverments gravitate into gambling. Gambling is allowed in all countries, it is just the degree of free market gambling that is different. Sometimes the government wants it all.

Not in all countries. In most part of the Asia I believe that it is illegal especially in the middle east countries and/or in the country where the Religion law is strong enough . Though there are alot of illegal gambling activites in such countries but if the legal feds finds out who operate it, the operator would be charge with fine and prison sentences . In some countries however ( like you stated, especially the west side ), the goverment legalized gambling and got a income in form of tax from it

6875  Economy / Economics / Re: Government & Bitcoin on: May 19, 2015, 11:22:32 AM

What do you define as a criminal?  The government has made drugs illegal, so it has evolved into a worldwide black market with conflict resolution coming from violence.  It is government policy that has created the violence and "criminals" who are put into jail without having a victim.  Which wars would take place without government?

Criminals are those who conduct things outside of the law. It is a fact that most goverment are corrupt and of course the policy created more criminals because some people just cant stand to be ruled with the silly rules but ofcourse a country without a goverment will not be a better places than those with goverment


So if a criminal is defined as someone that breaks a law, then everyone is a criminal right?  But more importantly, what is the basis of the law?  Moral integrity?  No not really.  There are several crimes to which there is no victim, yet there is unusually harsh punishment.  So really that is just a law taking away civil liberty (gambling, consenting prostitution, illicit drugs, gay marriage) partly due to the lack of separation between church and state and partly because of the profit incentive.  At what point does civil liberty become priority vs. implementing restrictions to which there is no benefit?

Another problem is that the government creates laws and then polices or enforces the laws.  But who polices the police?

Countries with large, small or no government can all be good places to live.  If the government is benevolent, then it's good, but I don't see many realistic examples of that.  And in that case, smaller government is better.  No technological solutions, innovation or evolution (which are really the only solutions) comes from government.  It's the only place where you can be treated like shit and still have no choice but to do business with them.  I'm not saying that's always the case, but it is definitely the case sometimes.  Any private organization run like the government would go bankrupt.

The basis for a law will be the human rights especially about everyone deserve to live and life. Goverment controls the law and alter it to match the current condition in which case is your example about gambling where someone is deemed guilty but there is no victim to it. I would say that actually it depends on the goverment, in some countries gambling is legal and even protected i.e Macau

I should state explicitly actually if you break the laws and you are not found out than you will not be treated as a criminal ( broken society logic here).

I do agree that even without goverment, a place could be a good place to live as well but the fact that there will be always a goverment within the society. Human are in natural wants to lead, thus this create ruler that evolve into goverment.
6876  Economy / Gambling / Re: CasinoBitco.in Sportsbook and Provably Fair Casino | Automated Comps, Big Wins! on: May 19, 2015, 10:06:16 AM

Userid # 9442 - arallmuus123 wins 1000 mBTC for the most wins, extremely impressive!

Thankyou very much casinobitco  Smiley
Anyway, have you received the reward? Hope you confirm it and share the TX when you withdraw it to your own wallet.

I have received the reward in my account and have send the withdrawal request to casinobitco. It is still on pending because as stated in their website that high amount of withdrawal will need to be check though .
Well no complaint here about the delay since it is a free money and I dont mind waiting Smiley

6877  Economy / Economics / Re: Bitcoin trading strategy on: May 19, 2015, 10:01:35 AM
The best  strategy is buying now and never sell it until the price going to $10000. You can't think the price is only $200+, right?

This is known as a long term strategy in BTC trading but as you know that this strategy is quite risky especially with the current state of the price where you can see that the price is declining day by day.

Your prediciton is a bit off there as no one could ever guarantee that the price is going to raise up because all we can see that the market itself is now controlled by pure manipulation of some group of whales.

Not to mention that satoshi himself said that there will be either alot of BTC transaction in the future or nothing.
This actually indicates that satoshi himself is not even sure about the future as things might happen
6878  Economy / Economics / Re: Is it better to save money or invest it? on: May 19, 2015, 09:38:09 AM
Saving vs. Investing - it's basically the same thing

This in incorrect. Saving is basically keeping your money safe and not spending it but rather keep it for future usage. While on the other hand Investing is spending your money for investment . In term of losing it, you may/may not lose your initial investment since in "investing" people are entrusting their money to the other people

Save money is a bad idea, it like you lent your money to rich people, and make them more richer. Find a right way to invest your money, you can earn more.

Investing could result in losing your money as well. You will need more references on what you are investing though. It is not like every investment is a guarantee for a gain of interest
6879  Economy / Gambling / Re: ★ BitPoker.io - A New Poker Experience! - Levelled Faucet - LAUNCH GIVEAWAY ★ on: May 19, 2015, 09:21:56 AM
We are going to be giving you all sneak peaks over the next few months!

By the few months, people will be leaving this site and this site could have been forgotten by then. This is taking uch longer process than I thought

P.S : most people are leaving it already

Right now, it may seem a little dull around the site and inactive

A little dull ? No. It is indeed the dullest poker site around here. The reason of it would be the silly freerolls that require at least 10 players to start and if you check on the 0.1 BTC freerolls you can see that there are some people with multi account that registered for it

but keep in mind that building a community is a very slow process

You cant build a community if you remain passive and silent . If you take sometime to listen to the complain here and reduce the minimum required people for the freerolls then you can start building community at your site though

6880  Economy / Gambling / Re: [POLL] What would get you to play NastyKeno? on: May 19, 2015, 06:21:53 AM
Anyway the instant predictions works fine with no issue here and as for the free games , I havent had tried it yet, Any particular reason on not making the payment instant yet? Since this kind of games cant be cheated though

We haven't built any type of system to handle instant payouts.  It remains to be seen whether the demand exists to invest resources in developing that functionality.  Very few people have even tried the instant predictions as they exist currently.

I see, people just arent aware of it yet perhaps

Any particular reason on why not offering a full set prediction like the weekly game?

Currently there are only two selection for the instant game while for the weekly game there are predictions address for the numbers as well. The house edge for the instant game seems like almost 50 % because the dissability to choose the numbers option

Code:
ABCDEF & 1

P.S : I may be wrong on the house edge number though
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