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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Bitcoin is still in its early stages and we cant call it a slave of fiat Since it is still in its early stages, that is the reason why it is a slave to fiat and it is going to be like this forever unless there is a mass adoption. Basically BTC was created as a currency but most people treat it as goods / stocks instead because as a currency BTC has no dependant value and its value is always tied to fiat |
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For a newcomer price doesn't matter really
You are definitely wrong on this. The first thing that attract people into wanting to know more about BTC is that its value, its significant price, no doubt about it and it has been some sort of measurement to measure if BTC is dead or no by some people indeed. It is not about its chain technology and/or how secure it is but it is because of its value and to be honest most people will not even consider wanting to know about this thing if the price is only a few cents or lower (well it is not the same case with early adopter of course) Yeah, as a newb all you care is making some money off BTC, but if you go a bit deeper -snip- 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 so one should not really count it as a real ATH, and the crash after it, explained it well, one cannot see a huge raise like that and then a crash that return the price to the original level
Sadly that has been a measurement for most people, whenever the value drop, people are saying it is dead but when the value is going up people are saying that it is bubble because of the "incident" on April 2013 |
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trading in distressed securities is strictly for experts.
Unless you forgot we are talking about altcoin trading here which means that it is not strictly for experts. Altcoin trading is quite different because of its nature that most are created for Pump and Dump shceme making it easier to be manipulated, therefore you dont need to be an expert for this You need to know how to do something that will support the coin.
The easiest would be to FUD the other coin. Not saying that you should do this but as you can see the ANN section, there is a lot of new account popping out just to say the coin is dead , move on X coin instead. It is pretty normal in the ANN section anyway. The other easy thing would be to HYPE a promises, nothing can be more Hyping than saying a promises that X feature will be implemented soon Probably one of the best ways is to have a website that sells things or services and tell people you will implement the payment with X coin, that would give that coin really good publicity, you could also set up a signature campaign here for 1-2 months, maybe only allow people to post in the altcoin section. Well alot have tried it that way but the fact is that I doubt it will have a significant boost for the coin. What altcoin needs to make the value goes higher will be an outstanding feature i.e Dash indeed have a great feature that is why the value of it boost up after the announcement of the new feature . Anyway the value was up to 0.02 BTC each and now it is on 0.012 BTC , basically altcoin are great for quickswing of profit, no doubt about that this means that if you buy at 1 satoshi, it may go below and become 0.5 satoshi
Unless you are inexperience on this but It will not go below 1 satoshi because none exchanger implement a 0.5 satoshi price and 1 satoshi is the minimum for it . 1 satoshi is the lowest mark for it and after that it will become worthless and not half satoshi P.S : I have never seen any exchanger to allow a 0.5 satoshi price |
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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 |
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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 |
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Ofcourse having a higher value will benefit trader more and would attract more people into it which in this case every movement would net a higher profit for traderif you would compare it to cents but my point would be that even if the value were to drop, the technology stands.
The reality is that most people are only tied to its value, when the value drop then most people will assume that it is dead .Most people are not even aware of this but the true value of BTC were in its technology and also its decentralized principle
but if you keep it from your wallet and wait the value of bitcoin will go high You dont keep your BTC in your wallet if you are trading it. Thats a fatal mistake because once the price rally, it will takes sometime for your BTC to reach the exchanger and thus you wont be able to sell it at the peak point( of course this is debatable with so many exchangers were hacked ). for trading everyone needs to become more familiar with market operations and the tendencies .
Untrue, in BTC trading the most thing that people need to learn is to distinguish a bullish or a bearish because the current market is heavily manipulated and unless you know how to distinguish this then it stands harder for you to get quite a profit in the current market |
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trading in distressed securities is strictly for experts.
Unless you forgot we are talking about altcoin trading here which means that it is not strictly for experts. Altcoin trading is quite different because of its nature that most are created for Pump and Dump shceme making it easier to be manipulated, therefore you dont need to be an expert for this You need to know how to do something that will support the coin.
The easiest would be to FUD the other coin. Not saying that you should do this but as you can see the ANN section, there is a lot of new account popping out just to say the coin is dead , move on X coin instead. It is pretty normal in the ANN section anyway. The other easy thing would be to HYPE a promises, nothing can be more Hyping than saying a promises that X feature will be implemented soon |
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fiat is tied to other fiat to Actually no, thats different because each currency stand as their own in the issued country so you think that the problem as to do with the fact that bitcoin is decentralized and there isn't any issued country I dont mentioned anything about this, Im barely stating that each fiat is not actually tied to one another what would happen if fiat now, would collapse, and bitcoiin price could not be measured with it, how one can know if bitcoin will be valued more or less? Fiat wouldnt be "dead" and it will still be there, worst thing It will go will be getting into super inflation like Zimbabwe Dollar and the price of BTC will still be tied to it even if the currency getting into super inflation Unless you forgot, currency is created do to disminished the old fashioned barter system which is not equal in the trade and thus easier to use currency such as FIAT exist
yeah i know this, i didn't say that we should return to barter, i did say that we should start all over again with bitcoin, and try to achieve an estimate in value without using fiat, but barter, at first, then you are free to use bitcoin only That wont work, people are used to this FIAT system and no one gonna agree to "barter" things like It used to be because it has no estimation value either. Going back to where we was not going to help because BTC is treated as a good/stocks now and not a currency itself which means that it has a value that is tied to another currency. |
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For a newcomer price doesn't matter really
You are definitely wrong on this. The first thing that attract people into wanting to know more about BTC is that its value, its significant price, no doubt about it and it has been some sort of measurement to measure if BTC is dead or no by some people indeed. It is not about its chain technology and/or how secure it is but it is because of its value and to be honest most people will not even consider wanting to know about this thing if the price is only a few cents or lower (well it is not the same case with early adopter of course) |
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And we all know that government officials know the benefits that they can get if they put a tax for every transaction that will be made.
It cant be done, you as a BTC user supposed already know that this couldnt be done because each transaction is dependant and no one would know if the transaction is coming from the country or not The only way they could benefit themselves with BTC would be by tax-ting every BTC/FIAT exchange, huge tax will then discourage most people to exchange their BTCMaking a tax that very huge to every exchanging of bitcoin will kills the user. because they earn it so hard so that they wouldn't agree with that law. 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. |
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Which is why BTC was created, one of the reason would be to secure your own money. Another option would be ofcourse to put it into BTC secure them in a cold wallet or fat better in a paper wallet and put in into your personal vault (if you have one).
Even though the value of BTC could drop (the same thing with FIAT which ofcourse there is inflation increased each year) but in term of security, I cant think of any other more that is far better secure than securing it by your own at your own risk as well
But still , even if there is a news about bank sacking employees in one country, it doesnt actually mean the entire banking system in the world is falling apart. Putting money into investment is quite risky by some way unless you know what to do
P.S : putting your money into BTC is one form of investment as well
I agree, but I'm not sure people want to invest their money since they haven't known about bitcoin yet. It sounds so risky to them and maybe they just want to invest in the usual common investment, like gold or land investment. But, I hope world people will use bitcoin in few years later as an usual cryptocurrency. Well a risk is always part of of being human though. As for the "common investment", it doesnt actually work like that because human are mostly driven by greed which means that people could be interested in putting investment on "new stuff" instead of the common investment and also that the word "risky" in investment could mean that it will net a higher return anyway |
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Martingale works 100% only if you have infinite bitcoins, if not you can loose as much as you invest.
Theoretically yes it works with two conditions which one of it is infinite bankroll and the second one would be infinite bet amount . The fact is that it is not possible to have an infinite bankroll and even if you have an "infinite" bankroll it will still not be possible to win by using it because all site has its own maximum win/ maximum payout which at the peak point your martingale will not be working because it exceed the maximum eligible amount |
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if you are able to do so with valid proof then I will commit suicide You are going to far with this, Basically why would you even care about your reputation here? Your reputation stays here and not the real world, if you are not a scammer or a ponzi operator then you are not . Basically the world doesnt even care about any of your reputation here to be honest but if you fails to do so you have to apologies for your mistake within next 30 days.
This wont do, The most people that have left you negative trust would do is remove your negative trust or atleast change them to neutral. I've never seen someone do a public apology after giving a negative trust then later the claim of the negative trust is wrong
To be honest, I dont think that BTCBLOGGER ran a ponzi here. He pmed me before when he was still newbie (or member) asking about removal of negative trust from vod. He seems to be honest but thats yeah I have no proof either that he isnt running any ponzi |
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Would it be like what happened yesterday by dankbud? Or would it be something different?
It will be slightly different with some rules to join in because we do not want people to constantly spam the chat do we?  . Yesterday was fun but the chat goes out of control it makes the chatbox unreadable though it seems something interesting happening there so what i am missing there? You are missing the fastest dice sites around here and as for the event then you are not missing anything since this will be the second one though how long that event will be and any details about the prizes or all are random on bet size? Details would be on Saturday as well . Basically it is not literally random but you will need some luck on it HINT : 60 % chance to win it ! betterbets growing very fast roll dice numbers 10 Million bets only for dice or combine with horse bets?
Actually the site will reach 11M bets in just few more hours ( Basically constant 1M bet / day with just a few roller ) . The total bet is combination of both but horse racing isnt very popular though so mostly people are playing dice here |
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