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6881  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin money? on: March 07, 2017, 01:21:45 PM
Bitcoin cant be counted as a money but it is an alternate means of transacting it and making use of it as substitute. People  as we are we seek for other alternatives which is more accessible to us without making a lot of effort in doing such. We should not deny the fact that we have this characteristics which are really not a good thing, such us, being lazy depending on technology and etc. But in the end it will depend on the individual to conclude if bitcoin is a money or not.
As per definition based on the real essense to be considered as money, I think bitcoin is far from being considered as money. Our government has issued a memorandum which is coming from the central bank, bitocin was define as a payment system. Hence, it has no value when we are not using it  and since it's not fiat where it is widely accepted as legal money, bicoin will always be a system to support in helping to make a faster transaction for the humanity.

This should be the real definiton and we must simply understand that fiat money is more powerful than bitocin and it cannot surpass its popularity even in the future to come.
6882  Economy / Gambling discussion / Re: Are dice sites reliable? on: March 07, 2017, 07:46:15 AM
Some sites are reliable some are not and they are the ones that have booked a space at the scam section of the forum. But for others who have stand the test of time, I can say they are reliable and the moment they fail, a space will be kept for them. The community I just too robust to serve as the source of information for sites to play and to determine whether one is reliable or not.
Definitely, the community is keeping us aware on the recent status of gambling sites and this people who keeps contributing makes this forum a wonderful place to stay. Actually if you are aiming to play longer, just do not gamble anymore with new gambling sites as there are gambling sites that are already established and they will always protect their reputation to continue to run their business.

BitDice is one of the reputable gambling site based on the community's feedback and I can vouch that based on my experience as well, and I'm sure they will continue to protect their reputation to attract more gamblers to play. We are the most important thing to them that's why they value their customers.
6883  Economy / Trading Discussion / Re: Trading is unpredictable job. on: March 07, 2017, 03:58:30 AM
Trading is very unpredictable and I think that its risky to do it but on the other hand it stays very profitable for a short term so due to that its also again worth it too.

Yes, of course, trading is unpredictable work, but if we have skills and knowledge than this predictable work give us money, but it is depend on our ability how to earn. Yeah, altcoin trading better is that earn in a short term, than it will be profitable.
Basic knowledge in trading is a requirement for every trader, otherwise you are just gambling when you do it. Skills can be learn along the way as this journey requires you also to develop your method by being updated with the recent happenings in connection to the assets you are trading.
Bear in mind that everything is news related and you must be aware of that news as that is your main weapon to be successful.
6884  Economy / Economics / Re: Sell Everything? on: March 07, 2017, 03:32:08 AM
By now many Bitcoin users have learned that is never good to sell everything. No matter how high the price is, it could always get even higher and it's good to have some sum of Bitcoins accumulated if you are not in desperate need for fiat money. And Bitcoin have another use then just exchanging to fiat.
Good thing they we awaken with the current price skyrocket, this will be a lesson to them that they should trust bitcoin. Buying when bitcoin's price was still stable last year could have give them a good amount of profit now.

And although it's very tempting to sell now but we should have that discipline not to sell yet, besides we all want to make more profit and bitcoin's value is getting more higher as time passes. Do it with the right timing as although I believe about how strong bitcoin is, the possibility of another crisis to come is most likely to happen soon also.
6885  Economy / Gambling / Re: BITDICE CASINO - CONGRATULATIONS TO WONTON FOR WINNING 300BTC on: March 06, 2017, 07:53:15 AM
I made a thread talking about if it would be good for different Bitcoin casinos, dice sites and sports betting sites to start a network of player to player games by combining their player pool.  You can read the thread here:  https://bitcointalk.org/index.php?topic=1811492.0

Would that idea be something Bitdice will be open to?  I think something new like that could help the Bitcoin gambling industry become more attractive to non-Bitcoiners.

I read the thread and in fact I like the idea you made for connecting player to player. I think if this will be implemented and big casino's including bitdice will collaborate with this idea to other ones will make another impact to the bitcoin gambling industry. And I guess, it will definitely attract new comers for this type of gambling but the decision of this will still depend on Alex.
I see the thread as well and it seems only few commented and I'm afraid they are no interested with that new innovation you are recommending. You are one advises to create a poll but I don't see one, maybe that is a good start to know the public's interest. But if you will seek for my opinion, I would always recommend to maintain what is currently appealing to the public and BitDice did a great job on that matter already.
6886  Economy / Gambling discussion / Re: Gambling Excuses on: March 06, 2017, 07:24:32 AM
Never done it before and never will since it's far more riskier for me if I'm loss someone's money.
That's why I'm also untrust people who can manage to make profit by sending some amount of money for dice site at the time I'm being asked on this forum a year ago
It is really risky to gamble with someones money in the first place and i wont do that when it comes to gambling but i do gamble with my money and there is a big loan section here in this forum and i am sure everyone is loaning these amounts to gamble .
Taking a loan is desperate measure for a gambler and that means he is already addicted which resulted to that bad action. Me, I would not bother to borrow money although I have the privilege to borrow money in some lenders here in the forum, I'm looking at the risk that I will not be able to repay it and my reputation will be destroyed.

I build my reputation here by being active for longer time and with just one mistake it could be gone in an instant due to being irresponsible in gambling.
6887  Economy / Gambling discussion / Re: Are you Rich from Gambling? on: March 06, 2017, 06:40:31 AM
If that is possible then I wanted to become rich and whatever is the way as long as it is legal and nice. But upon just thinking that I can be rich in gambling is hard to think. And if there is a chance that I can become rich in gambling the only thing is that I need to win on a streak or win a lot of jackpot for consecutive tries.

The way you say this just indicate that you still have shallow thought about gambling. You cant get a winning streak few times for sure and you cant really win jackpot either ( well you can , it is just the odds is too low that it doesnt really need to be even thinking about it ). You could win with few EV+ betting ( thats if available ) and arbitrage betting

Yes I have doubt that I am going to become rich in gambling. And whatever many of you guys are suggesting good strategies still it doesn't work for me. Also with my only hope of becoming rich in gambling by winning jackpot is also impossible since I'm not into hitting jackpots anymore and I know that it isn't going to happen to me either.
If you do not think you will be rich then for sure you will not be rich in gambling. Though it's not easy to be lucky and reach the level but we have a chance if we believe. People who succeed are those who are eager enough to try to reach the ultimate dream to become rich.
Sometimes we think big but our actions is not enough, it's a long journey for sure and we have to spend a lot of time and money before we can win a jackpot.
6888  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will Kill The Income Tax on: March 06, 2017, 05:09:26 AM
Bitcoin is not yet controlled by the government and fiat is still the first use worldwide. If youre saying so bitcoin will kill the income tax, its not yet happen. Though our government has already have an idea about it but bitcoin is not allowing to kill the  income tax. We dont know yet in the future if this will be happen maybe in the future if government will collect income tax.
Bitcoin has a threat to kill income tax if it will not be regulated by the government, the progress of bitcoin now means there are plenty of people who are adopting to it and as a result the demand increases. If in that point that we will have the freedom to spend our money without government regulation, we can easily do away on paying taxes and we can easily launder our money online.

That reality has alarm the government and with that, they will certainly regulate bitcoin as they cannot afford to ban it as well since it's increasing the tax collections once regulated.
6889  Economy / Gambling discussion / Re: How do you know when to stop? on: March 06, 2017, 04:52:20 AM
Well i don't have any big rule or sign when to stop. I usually stop gambling when i either lost everything  what i deposited, or when i win much. Of course i will always stop when i am bored of gambling for that day. Looks like i don't have any rule, but i don't feel like i am addicted to gambling.
You should be making a big rule, gambling is fun but it's not a joke when times you are losing. Stopping when you are bored is not a good basis, what if you still enjoy despite the fact that you are going out for your budget? That action alone will make it worst for you in terms of your finances and instead of having fun, you will end up being miserable. When it comes to money, one must be very careful and responsible all the time.
6890  Bitcoin / Bitcoin Discussion / Re: If no one spends bitcoin what might happen? on: March 05, 2017, 10:40:29 AM
Do you mean that people holds? Then i think bitcoin would be useless.However that is merely impossinle that there woild be no bitcoin user who is going to use it.
You are right bitcoin will be useless if everyone hold and no one will be here to use bitcoin. If we want the success of bitcoin then we need some use of bitcoin in market to increase the demand.
The only reason we are holding is because we are seeing a growing demand and that implies the price will increase overtime and we make money but just holding our bitcoins. It's very important for an investor to understand how this market works. Of the total users of bitcoin, only few number belongs to the investors side, it's the same in real world where only few people are into business and the rest are just the consumer of their products and services.
6891  Economy / Trading Discussion / Re: Do you always missed the right time to sell/buy bitcoin? on: March 05, 2017, 08:36:02 AM
so true, I just missed time to sell bitcoin
It is really hard to predict what the price of the bitcoin is going to change, even when experts say that it is going to go up sometimes they are wrong, just like what happened in January when the price went from $1100$ to $700 in under a day, that is when we missed the time to sell and rebuy and people though that it was going to keep going up.
In order for us not to miss the right time to buy and sell, we have to be updated with the recent news and keep monitoring on the price if possible do it in 24/7. Bitcoin is very volatile and even if you only miss within 24 hours not checking the market, there could be a big thing that will happen.

When you are educated enough, you actions are calm and you will not panic, doesn't matter if you miss to buy and sell now as the same opportunity will be back again in due time, and that requires patience to do it.
6892  Economy / Economics / Re: Is it better to save money or invest it? on: March 04, 2017, 08:21:51 AM
To answer your question, I will tell you something that good to try.
Last year, my friend tell me he buy 3 btc when the price is worth $700. He said he just want to save his money in another place, not bank. So bitcoin is one of any choice to save money. But what happen now with the price? Now, bitcoin worth to $1200+ and his money is grow. It is same like investing money in the stock.
Your friend did a great job of speculating the right price of bitcoin, and that's what you get if you believe in the future of bitcoin, people who have patience to hold and buy in the past are now enjoying a great profit. I hope you were influence by your friend too so you both are enjoying now.
Honestly, it's easy to say stuff like that after the event and now that we see it's a profit, but the real challenge for us is to decide to buy in the actual situation.
6893  Economy / Economics / Re: How many BTC will make you a fiat millionaire in 5 years? on: March 04, 2017, 08:04:06 AM
According to forecasts but, bitcoin will produce a few more years until the last mined bitcoin. When it's over, the price may rise to $ 10k, and then it will be easier. Total 100btc and you're king.

A few more years? Try 100 years. We'll all be long gone, seriously. If we have to wait that long for BTC to hit $10,000 we'll never see it.

So, what's your take in 5 years....not 100 years? I'll say BTC1000. (Which would make you a bitcoin millionaire today)
Half of that would be enough already, considering it's still five years from now. The progress will continue as we have started it this year, the recent price increase give a signal to people who are still in doubt and I would not be surprise if 5 years from now, these people are already adopting with bitcoin. Further, our prediction should be based on our capacity, if we cannot make that BTC100 in five years then we go lower than that and make sure it will satisfy our wants.

Let's do all sort of investments or ways that could give the amount we are hoping, think always that actions speaks louder than words and taking risks is our main weapon for success.
6894  Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon? on: March 04, 2017, 07:40:24 AM
No. I will not beleive on just one article on the internet. And exactly I doubted it.
Bitcoin will never replace dollar as long as bitcoin is not centralized. Let me tell something, how can bitcoin will replace dollar if dollar is the one of it comparator price.
Actually I have not seen any article in the internet that says bitcoin will replace, I would love to hear the reason behind of the author if you have one. For me, the logic is very simple, bitcoin is not a currency or legal currency to be exact while dollar is the leading legal currency in the world.
If you see that comparison only, it's pretty obvious that what we are thinking will never happen, let us be contented instead of what bitcoin has already achieved.
6895  Economy / Gambling discussion / Re: Is Bitcoin the future of online gambling? on: March 04, 2017, 04:09:08 AM
Yes it is as you know that the bitcoin increase actually the number of country that knows about bitcoin year by year. So the moment that all countries know about bitcoin it will be impact of the economy of each country and later it will be the universal currency of the world. As the new world order provided by the philippines president.
What exactly are you talking about, bitcoin does not give big impact with only one country especially the Philippines which is considered as small country. Also, what we are talking here is about future online gambling which most of us perceive that will be dominated by Bitcoin.
The experience that gamblers are enjoying now is something we can share with other people who loves to gamble as well, if they can learn the basics on how to use and operate bitcoin, it will be easy for them to adopt and the bitcoin gambling industry will surely make a substantial growth for years to come.
6896  Economy / Gambling discussion / Re: What Is Your Worst Moment in Gambling? on: March 04, 2017, 03:40:45 AM
I would say one of the worst moments is when Fortune Jack increased their minimum withdrawal limit to 0.1 BTC without any prior notification i would consider that the worst moment if you are rolling who uses a low bank roll because the site does not have a deposit limit but still want to control it with the withdrawals. Wink
That was worst until FortuneJack made and official statement about their action. If you haven't read the statement yet, here's the link below.
https://bitcointalk.org/index.php?topic=774929.msg18051548#msg18051548

Also, I quoted this important statement to clear your doubts
Withdraw limit will be updated on Monday at 9:00am server time and fixed on 0.01BTC
6897  Economy / Trading Discussion / Re: Fixed income with BTC trading? on: March 03, 2017, 01:16:32 PM

I want to generate a constant monthly gain. Is it possible to do this by bitcoin trading? So, can I just do this by dealing with BTC trading?
Are there any people among us who can make a living by trading in BTC?

There several ways for us to earn bitcoin here. But there is no fix amount of income but there is fixed income that we can get in this field of industry. I think it will depend on you of how are you gonna get it, it can be in the trading, or joining in the signature camapign, mining bitcoin, or bitcoin faucets,..
Yeah stability is not what bitcoins define and hence hard to earn constantly you can though rest assured that you will win at the end in trading if you have patience and ability along with bankroll but constantly nothing happens.In fact if you are trading the price you may earn very quickly like right now the price is touching sky while sometimes you earn slow.
That's why you have to take this opportunity seriously, it does not happen on a normal day, this time the price is skyrocketing and that means we can easily make money buying now and sell in short term. With a good amount of capital, it can give us a great return as well.
Therefore, we cannot expect a fixed income in BTC trading as the trend does not last longer and since timing is everything, make this time a right timing to buy and sell.
6898  Economy / Economics / Re: Big Crash coming on: March 03, 2017, 12:41:00 PM
I hope the crash is coming xD

I've sold all my coins at 1200!
I don't believe in ETF, and if it doesn't work then it'll have to go back to 1100 in my opinion.

Price is a bit too high right now, not going to crash at 700 but to lower a bit yeah.
I think your wish will not be granted, the price will continue to skyrocket and ETF will be approved, I'm sorry but we have different prediction about the future of bitcoin. If you are right, I would still hold my bitcoins as I believe the the price will only fall temporarily and I don't call it as price crash.
6899  Other / Off-topic / Re: Who controls the Bitcoins? on: March 03, 2017, 12:21:07 PM
I think those who are investing bigger btc amounts controlls the currency today thats why it booms its price, and many of them were now gaining profits, as they hold their bitcoin and hold for another price increase and sell it to the buyers. But this kind of strategy doesn't always take effect immediately specially when the exchange values fluctuates in the market, price will be decreasing sometime in an erratic scenario.
Most of us for sure, not all of us are big investors but we do benefit on the constant price increase of bitcoin, this is the moment where predicting is easy and it gives us easy money as well. If only I have a bigger amount of money, I would take bigger risk buying at the current price now, I have this confidence that I have not felt before and this confidence tells me to buy and hold longer. The demand has been increasing, therefore I conclude that we who created that demand controls Bitcoins.
6900  Economy / Gambling discussion / Re: Will i fail the bet? on: March 03, 2017, 08:21:40 AM
I've got 50mB; and i betting at 0.00001mB increase bet by 100% on loss. If someone can explain to me how i will lose and how gambling actually works then please explain further. Because betting at such a low value i would have to fail more than 20times right? So is the game really fair or how does it work?
Martingale system does not guarantee a win, think of this, if that is very effective then we are all exploiting casinos for profit. Your luck will only determine if you can win or not, and having a cold losing streak of 20 times in a row is very unlucky but it's possible to happen.
Good thing you ask our opinion here and I hope you understand all possibilities, and lastly, if you can afford your bet then go.
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