It's possible! Obviously it is very difficult and you would need a really huge starting capital, skills, time and maybe a lot of luck in buying the right altcoins but if you have al these four "requirements" I don't see why you would not achieve your goal.
Just to be fair and realistic, when you have a bigger target it really needs a big amount of capital for you to have a chance to achieve it, otherwise you are like gambling and your chances of making it happen is very low. |
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Its a huge ammount to put at bankrolls from casinos, even knowing they are profitable its a huge risk to make just those investment, with 100k i would make my own casino, soo the risk would be reduced to zero, and who knows maybe build an exchange, since this are the two places where are the most coins being spent.
I think too stupid to use all your money just to put it in a gambling site, because with money $ 100k you can make a gambling site itself? of course it would be much more profitable right ? I like to say that also, if planning to put money in gambling, why not just build to have your own. By having your own gambling site, you can be more profitable as you will not have to share your income or you share a little income from the site you invested. With a lot of money, it's necessary to make a smart decision. |
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Bitcoin is really worth if you don't know how to use it or how to earn it then for you it is not worth using it because understanding on how bitcoin really works for you is really hard but if you love bitcoin with all your heart bitcoin will loved you too with big profit daily  I think if you already know how bitcoin and how to get it and you benefit from bitcoin, I'm sure right then you would assume that bitcoin will be very important and valuable to you I think we should learn to differentiate between values and prices, there are many shitty coins on various exchanges end up as pump and dump schemes and scams but during their peak level their price touch around as much as $1 or even 100 times more than that but that’s how the pump and dump works. When we see bitcoin price decrease then we never get panic because as a community we are aware that how strong the core values are and price is just part of current situation. Bitcoin is entirely different with altcoins, bitcoin has gained trust by the people in the community, and I can say that once you are a bitcoin users you can use altcoins as well but you cannot choose to use altcoins without using bitcoins. That's the big difference, bitcoin is the father of all crypto. |
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Don't keep all your money in one bucket..
Why should I?
Depends on time what should I do.
But if you say I will keep that on Gold..
Bitcoin is banned from many countrries and still
it's new.
It can be banned forever or either live over the world.
.
But gold has its value..
bitcoin still anonymous, is baned you can use another IP in outside your country you want exchange fiat money, international exchange support all country in the world so your affraid is not strong to reason gold is very slow incraese in price except your online trading in meta trader4 so gold is waves price is very high It's definitely the other idea, the fact that we can still use our bitcoin when it's ban but where are we gonna exchange our bitcoins for fiat. When it's ban, they will definitely ban the exchange sites and businesses will not accept bitcoin as well. |
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If you have the luxury of choosing between saving with a bank or investing online I would go for online investing(to be precise bitcoins) as Its only Bitcoin that allows you to save while its gaining in value depending on the bitcoin price which would be considered as an investment
Yes but now there are many investment opportunities coming up for bitcoin too and these are different from traditional trading methods. Holding bitcoin and waiting for the increase in price is just keeping bitcoins in dead position (although if it’s one of the safe option) but keeping bitcoins in flow makes the contribution for the growth of the network as well as it also gives some benefits in the form of returns on investment. Investors these days are very cautious on where they'll invest their money since there are so many people trying to scam people so it can't be help that people are most likely to just keep their bitcoins and wait for the price increase since as of now it is the one of the less risky investments you can have . Yes absolutely agree with this. There are many scammers roaming around but I think lack of awareness among bitcoin users is a major reason for their success. We must build awareness in order to prevent any possible scams with the name of bitcoin. Keeping bitcoin in cold storage is also a kind of risk because no one really knows the future of crypto currency technology so not taking any risk is the biggest risk (Re-quoting mark z). Anywhere scammers exist, not only in the online world or crypto to be specific, but the bad news is only the people who have not enough knowledge fall victim of the scam, these people can easily be deceive because they welcome investments that are too good to be true. I know we are not like them, right? |
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Is your kids still little? Like below 12 years old? If so, i strongly suggest that you just letvthem focus on school first rather than getting them involved in bitcoins. But onbthe contrary, if you are giving them time to play after school, then maybe you can have them play bitcoin games which is downloadable from app stores. But please be in moderation so tje kids will never be addicted to games.
Yeah kids is below 13 years old because if more than on that age it is already teenager that is why i agree with your suggestion that let the kids do what they wants thats good to send them into school and not pursue them to earn money yet. In my understanding, bitcoin is only for matured people as using bitcoin involves risk, kids has not proper education and experience yet so they should keep out of bitcoin. The time will come they will learn if that time bitcoin is still here, maybe when they mature like age 18 or 21, it's good for them to know. |
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To manage money first of all you need to earn a proper capital. That earning can be your primary source-stable but low income (job, business, mining)
After that start to do research on legit investments and trading. Next invest a capital on those investments. Make sure to retain enough capital for the next few steps as well.
Start altcoin trading and mining. If you can predict properly about the market you can make a lot of money on it.
altcoin trade possible, but it requires experience. A person without experience can lose a lot of money In trading, many experts also lost a lot of money, so it is not an easy way to make money. But if you go for long then you got a better chance of making profits from trading. If you're into altcoin trading then should be very careful because the price may fluctuate quite fast and you may either make a lot of money quickly and also may lose quickly. Thats right it is not an easy way to earn a lots of things still needed to consider since its really hard to know when the movements will happen what is best is just keep your self on track regarding to particular coin that you are supporting. In my case, I only focus on high volume coins and I believe it's easy to track it as people are willing to get updated information that we can share in a forum and discuss the information, since crypto is a news driven, we should be abreast of the recent news. |
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It is because the part of your brain associated with winning in gambling are your dopamine receptors. They are responsible for pleasure, and also addiction.
It is really associataed with winning thinking that in gambling we can win we always think that positive enough when we are gambling our money. Being responsible in our money we keep value them and wanting to grow that fast in to fast way also the pleasure of beeing greedy make us lose and cumback with another deposited money that's why we are getting Addictive. Great explanation, but bottom line we should not spend the money that is not intended in gambling, our hard earned money is for our family and our savings, the moment we spend it in gambling it will be the start of the future bigger problem and such addicted will ruin our life. |
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Bitcoin can't replace fiat just like gold can't replace fiat. Bitcoin will have many uses like a store of value or a way to send money to someone else, or even a method of payment but there will always be a place for a government currency as well.
Bitcoin is not even recognize as legal so why would the government think of replacing it to fiat. Only the government can do it, they are in full control of the law. that's right. the government will more likely to develop their own digital or cryptocurrencies rather than using bitcoin so they can have the control over it. i think the government is not that dumb and without thinking twice will hands over their economic currency into such an unknown currency which was not even recognised legally By doing it, it will give benefits to being as a whole since they give awareness to the people and initially they will adopt with their system but when adopters matured and found out there's big where it's decentralized, they will certainly transfer and use it. |
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Smart way to gamble in my opinion is the self-control in the betting. We must limit the number of our bets and do not use the entire income just to gamble because it is very harmful. Just use a few percent of income to gamble. And if you run out you should have to stop and go back again when have income again.
And for every limitation you should just bet small amount always. Because if you will win with that small amount then that is going to be an achievement already. And if you will just lose with that small amount then that is just going to be a fine thing for you. Because you are gambling what you can afford to lose and that is smart. Yes, by limiting amount of bets and bet in small amounts it will help us. We can play the game several times in gambling with small amounts, and we can also minimize amount of damages if it loses so it will not drain all of our money. That is the right way to play and be able to avoid gambling addiction. Knowing our intention in gambling is vital, if it's for fun then good, for sure you will have to get the entertainment if you stay discipline. We know gambling is a risky game as some have been addicted and we are not exemption to that, so we have to be careful and play with a small amount of money we can afford to lose. |
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Even in short term also no guaranty of earning money in gambling because it purely depends on only luck and without luck you can't win any money in gambling. So if you want to earn money the best option is only investments and as you said gambling is only for fun and entertainment.
Everything depends on luck however if you wish to stay in delusion then you are free to keep that thought however there is no denying that you might get lucky big time in gamble. You might be able to win huge amount in one try, some people has quite some luck to win huge amount and of course it is real indeed Wow! it's not true, never think that everything depends on luck otherwise you will not be a successful gambler. Luck is just a bonus or something we can be happy of as it's a gift to give us temporary wins sometimes but it's hard to rely on that along the way, we might be frustrated if we are a regular gambler. You need to learn more about gambling, because in gambling you will never win against the house in long term. Your only shot will be the short term and that requires luck, you might win huge or lose everything instantly just like in long term as it doesnt really make any different at all unless you are lucky with it No gambler would prefer to gamble in a short term because when we win we want to increase our winnings and gamble until we reach our goal. If by gambling in the short term, that should make you put bigger money so you will easy achieve it but there's a possibility you will lose as well. |
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Who makes real profit trading must have skills. Newbies can make profit, but it's because they were lucky. To do a successful trading you need to learn facts before start. Watch the graphics, understand how this works, if possible, join trading with a demo account and you can learn with your mistakes.
It's a profitable activity if you know how to make it.
i will say the same as you , skills are more dominant here , luck only a final touch , it is so rare to see someone get straight luck in trading without skills , so you need to have skills in trading more than you need luck . You can master skills but you cannot do the same with luck. Just don't get too confuse as in real business when having a strategic planning, we do not even consider luck. We only consider variables that we can see and touch. you should not rely on luck in gambling , but you still needed at least to make your bets guaranteed to win , indeed luck are something like unreal , but you have to believe that it is exist , everytime you get unexpected result won or lost it there is luck take effect . It's the intervention of God when you are lucky so we need to thank God for that, however as God said that let's work and He'll help us, so that means we should also have to be smart and develop our skills to be successful. |
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I still believe in fiat because bitcoin is nothing if there is no fiat. But in terms of value i believe more in bitcoin. Through the years bitcoin's value is continuously rising. From its 200$ price when i started using it and now it is almost 800$. And it will rise even more in the future. Maybe next year it will hit 1000$ or more.
Well, its good to be optimistic, the price is great and it's progressive so it's good to consider investing now. The past is the best basis since on a yearly basis we see bitcoin is growing it's value. We just have to believe that people will accept bitcoin that it's a big help for them so they will not hesitate to adopt. |
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These results re just pure luck, there s no way anyone ll see 1000 BTC lost by one single person again as it happened on Betking a few months ago. So these graphs represent PURE LUCK and nothing more.
gambling is always pure luck so investing in a gambling site (against the gamblers) is also pure luck. that is an obvious enough fact that everybody knows. but that doesn't mean you can not make profit in the long run. the only thing that you should do is to find a good site which is both popular and fair and then invest what you can afford to lose. So there's no math in investing you mean? I guess not, we analyze that we have the edge so we invest, otherwise we will not invest only when it's base on luck and instead we gamble with our own money so when we win in can give good return. |
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I do odd 2 with 100%
Then I tell my self that if i lose maybe almost 10 to 15 percent of my current hold BTC ill stop, but if i win 10% I will stop and think about playing or stop playing. If decided to play i will must stop after losing 5% and never thought of winning..hehehe
This is the old strategy but it still works but in the long run, there is a possibility that you can lose your money, so better to stop if you have already earned a profit. Any methods or strategies will work only one time and next there is no guaranty that same results you will get it. Because you need a luck in gambling so don't ever use gambling as a method for earning money instead just go to it if you need some entertainment only sometime not always. one time? you may mean in the short period only? not for long period , but i even think that strategy not help much , it might have a little effect but skills (which not considered as part of strategy) have more influence , gambling really about the game of 50-50 chance. It's not 50/50 chance, otherwise where's the house edge. We can't deny that dice and other luck base games are also popular in the online gambling world and that why more losers are listed compared to the winners because of that house edge. |
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Well at India childs does learn how to code very fast, i do believe its possible for any of us to code, but the most does know how much does code requires from each one, i mean a lot knowledge is needed to make almost all kind of things nowadays, and you got others people that wanna the same work as you, and some does charge less then you, competition is good for the general people as you can pay for developers make the projects. Im not a skilled person, even when i do like a lot about coding and what a developer creates, but i havent time neither money to pay to learn those, some people learn at internet but i dont like too much to read i like pratice.
first of all you don't need money to learn coding. everything is already available for free online and you can find lots of resources to read and videos to watch and learn programming. for example Microsoft has a Channel9.com website which includes lots of video tutorials teaching a lot of good topics from absolute beginners to advanced on different topics for different programming languages. Yes it is free for us to learn coding even where.a child or an adult. Studying in the internet is good. But studying in a school that a teacher is teaching you is better. You can understand will understand well ,if you have a question you can ask your teacher and your teacher will respond fast. The idea is learning dont need to be expensive you can learn without pay. In our country a programming job is in demand but I do not know why I do not have that kind of interest when I was studying, I am more on a entrepreneur than a coder, if only I know how to code it could make my job so easy. Now I just rely my tracking on excel for my trading needs. |
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I have made so far 0.03 bitcoin into my wallet and this amount is increased slowly. Yesterday I also bought my first 5$ with real money in bitcoin, so right now my net worth is 0.035 into my wallet. I keep my focus to have soon 0.04  You must have a specific target amount, otherwise you will end up selling your bitcoin. In addition, it's necessary that you will understand that the amount you invest is the amount not need for your daily expenses. |
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According the legislation of my country there is no tax for bitcoin transactions. Even more there is no VAT because bitcoin is considered not a coin, like as fiat, but an agreement between two parties
In any bitcoin doesn't have tax for transactions. But if you wish you could consider minig fees as the tax for your every transaction. Apart from this fees there is no any charges for bitcoin. It could not be in the name of tax but you are right we can consider the fees as tax. We are online and government does not control us but when people are earning they also have to spend for the fees when transacting and that could be something we have to be happy of as the tax or fees is in a very small amount of money unlike in real world, government impose bigger taxes. |
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75.9% ( 15,947,975 bitcoin) of the bitcoin is already mined so to circulate bitcoin all over the world there is only few bitcoin because many bitcoin user are holding bitcoin and waiting for price hike. So what would happen if the continue holding and we are left with only few bitcoin to circulate. So can it act as global currency or we need some modification.
I don't think every person in bitcoin just hold their coins in wallets, but only some of them do and others do spend their coins on several things which as a result would never let just a few bitcoins to be in circulations. Just because 10 persons hold their coins it wont affect bitcoin at all if there are already 20 more spending theirs. I get it, what Op tried to discuss but bitcoin supply will always decline meanwhile demand keep increase and many people holding their bitcoin instead of spend or sell it, that's why people on the btc community try to spread widely about bitcoin and more merchants/stores/restaurants/hotel/college or whatever they are, could accepted bitcoin so user will easier spend their bitcoin. However, I believe that miners and many people are selling their bitcoin too because they want more people use it or make some profits. Having does not automatically mean we make profit, we are not all investors so that statement does not apply to all of us. Some uses bitcoin as a means to gamble while people like us consider it as an investment, the end result should always be satisfaction regardless on how we use it. |
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iam agree you write
bitcoin can a global curency, but only digital curency not real curency
and bitcoin the first leading digital curency in the world, above in paypal user
It is since it's not regulated by the government, but we do not need the government since we are decentralize, it will defeat the purpose. We the adopters are making this digital currency successful and this is our right to use this. |
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