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721  Economy / Gambling / Re: When a Gambler/Player Dies on: January 22, 2018, 09:59:31 PM
I have been thinking of a question but have not got a suitable answer, in case a gambler or player who has big money in his account dies, what happens to his money? If the family eventually get to know he has money in that gambling account, how will they claim it if they dont have a password to the account or email? Does the owner of gambling site have a way of handling that or is it a free money for them to claim? Your response please.
I am referring to gambling sites like: bitsler, primedice, freebitco, cryptogames, etc

I don't think you will find a definite answer here, in this thread. I would suggest you to ask the question directly to casinos representatives and owners over here in their respective threads. Personally, I think it would greatly depend on whether you or the family of the deceased can prove they have the private key of the wallet from which the money was transferred to the account. If you can do this, then some casinos may give the money back, especially if you can provide some other proofs linking you to the deceased. But as I said, you'd better ask casino owners themselves.

Much easier if the gambler put his keys, passwords, usernames on a notebook at home and tell who he trusts where it's stored. In case of death, all the informations will be there, saving a lot of time and avoiding a lot of stress in a sad moment like that. It's like any other patrimony, if you don't organize it before dying, it will be complicated for successors to claim it.
722  Bitcoin / Bitcoin Discussion / Re: Why aren't there more women in Bitcoin? on: January 22, 2018, 08:02:02 PM
There aren't many women in this camp, that is a fact. Since the school it's possible to perceive informatic/technology subjects attract more men interest than women, so it's normal to have more men in Crypto-Currency world as it's related to informatic/technology. It's not about discrimination, we are just observing a fact and commenting about it, or have the political correctness patrol ever forbid talks about 'gender in Crypto-Currency world'?
723  Economy / Gambling discussion / Re: Is Bitcoin Trading Gambling? on: January 22, 2018, 07:27:02 PM
From the word i'is known that trading is different from gambling. Trading is analysis based. While gambling is only a mere profit.
How could you say that gambling is a mere profit when you can lose everything? It's not always profiting because you could lose a lot of money. Trading definitely requires analysis but gambling could be analyzed as well with different strategies.

Probably it will depend on how you see gambling. Gambling can also define a trade since the end result isn't entirely on your hands. Yes you need to have the tools to have a better chance but at the end of the day, you're still not certain of a good profitable trade, hence its still in a way, a gamble. Unless you're a whale with enough btc to sway the movement of coins.
Yes you can say that because I don't think majority of the people are gambling because they want to profit from it some think of gambling as a way of entertainment and winning is what entertains them the most. We can all have different emotions to what gambling and trading is but they all have some key differences. Gambling is always based on luck your analysis don't matter as you can only win or lose in a bet. Also in Trading your basis is of course technical analysis which you have the full control when to profit as you have the decision when to buy and sell.

I see a similar aspect in trading and gambling: in gambling we have house edge, in trading we have the exchange conversion tax, and if we compare trading with sports betting I think it's almost the same thing. Skills/analysis will affect both situations, but a bit of luck is needed anyway.

The difference is that when trading you hardly lose all your money at once. You can have some losses by selling a coin cheaper than you bought, but you won't lose 100% of the invested money at once as you can still sell the coin and recover part of the investment. In gambling it's not possible, if you 'invest' X, in case of loss you will lose X (100%) at once.
724  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum vs Bitcoin as goal of investments on: January 22, 2018, 05:56:47 PM
You have already said the reason why people use Ethereum, right after the profit is converted to Bitcoin. I don't see any reason why it would change. Ethereum is a good AltCoin, but Bitcoin remains as the top Crypto-Currency among all, it rules the market and people trust it more than any other currency and things will continue this way for a long time yet, until something really new and respectful appears on the market.
725  Economy / Economics / Re: India's Banks shut down Cyptocurrency trading accounts on: January 22, 2018, 05:00:28 PM
I guess this have been happening all over the world. I remember reading recent news regarding coinbase and one of it's major banking partners. I doubt they will keep this for long, and are probably just trying to hit more pressure over bitcoin regulation. With moves like this, regulating crypto becomes a priority for all, otherwise the markets will slow down a lot since it would be hard to get more capital into these markets.
I wont say that this doesn't worry me though. If we examine things carefully, we can't really use crypto, and we need to buy it with fiat and exchange it to fiat in order to get value out of it. If banks shut down exchanges accounts, and payment systems that use crypto, like neteller or others like it, it would be hard to buy or sell crypto. I guess we would only be able to do it in person, and that wouldn't be very easy to do.

Of course I don't think they can do this by themselves and for no reason, so if governments allow crypto, then banks can't really shut it down like this.

The problem are the mainstream banks, they don't like Crypto-Currency and cause a lot of trouble by closing enthusiast's accounts on their systems. A palliative solution would be to migrate to an alternative bank that is friendly to Crypto-Currency. I don't know if there is anyone in India, but that is a good idea.

Government can put some regulations over the alternative banks too, to force them to close enthuasiast's accounts as well, but it doesn't happen so fast as a judicial process starts, all parts must be heared, judge must decide... It might take years to be solved.

Where I live a similar situation happened, mainstream banks didn't want Crypto enthusiasts anymore on their system, but it wasn't so easy for them, a judicial process started and they had to give the accounts back to everyone, including the exchange bank's account. But it's always an unstable situation.
726  Economy / Economics / Re: Bitcoin intrinsic value on: January 22, 2018, 04:03:15 PM
That is the point. Bitcoin was created not to be like the other currencies we make use in our daily life. It's an experiment and people who feel confortable with this option to use a currency that isn't backed by any central authority is very welcome. Those who think it's dangerous and centralization is needed, feel free to continue using fiat. Bitcoin can survive on long term just by demand and supply balancement. It's easy to understand how it works, the simplest economical system I have seen so far...
727  Alternate cryptocurrencies / Altcoin Discussion / Re: How would we know which cryptocurrency would be Scam? on: January 22, 2018, 03:38:42 PM
Most Crypto-Currencies are created with the intent of bumping its price fast without legit demand and then it dumps forever, or after some pumps and dumps it finally dumps forever and the currency is dead. I think that would be the "scam" you talk about?

It's hard to escape this kind of AltCoin if you are looking for AltCoins in general, the safest way to avoid going through this path would be by investing in well known currencies, those who you have sure the demand isn't fake, those currencies traders are using in a daily basis. And if you want to try a strange AltCoin that is being launched soon and that promises huge profit, make sure to find more informations about the project and look for opinions about it, if you have doubts in particular about an AltCoin/project, ask about it.
728  Other / Politics & Society / Re: We are not the owners of this planet. on: January 22, 2018, 04:55:15 AM
I own a little piece of the planet for as long as I am alive, and it is socially acceptable for me to kill anyone who comes on said land against my will.

What if the government authorities ask you to vacate your land, with or without adequate compensation? My family lost almost 600 acres of land six decades ago, when the local communist government implemented the land reforms act. They took land from the big land-holders and distributed it to the landless peasants. And we received no compensation for the land we lost. What can we do? If we go to the court, the legal battle will wage on for many decades and the chances are that we will never win it.

That is a really sad story... People think who have vast lands conquered it only by abusing others, but it may not be true. Many people conquered their wealthy and became rich by working hard and being smart enough to save money and invest it on the right opportunities. And then, a communist (that have never built anything on his life) comes and take everything from this person. In this case there isn't "historical debt".

To prevent this to happen the communists disarm the population, so they nuke any resistance possibility, and once it's done and everyone gives in their weapons, you can't shoot who enters your lands against your will.  Sad

More than taking care of the nature, our cities, houses and planet, we need to take care our individual liberties aren't restrained!
729  Economy / Economics / Re: why bitcoin is banned by the government on: January 22, 2018, 04:03:37 AM
As bitcoin is giving the advantage of boosting one's economy, it also an undeniable disadvantage of making bitcoin a medium to evade taxes, fund organized crime/syndicate, fund terrorism and other unlawful activities that pushed these governments to ban bitcoin.

That is what they say, but intelligence agencies are smart enough to get all these criminals even if they are using Bitcoins for illegal activities. What these governments want it's all the rest of innocent and honest people paying for the criminals, it's not fair. Few guys use Bitcoins for illegal purposes, so a whole nation can't use it... I think it's more about influence and power than to stop criminals as they say...
730  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a Ponzi scheme? on: January 22, 2018, 01:23:47 AM
I had arguments  with my friends  who are always  tagging  bitcoin with negativity. Today, we argued  and I educated them on bitcoin and Ponzi scheme.  To me Ponzi scheme  is when developers takes  money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin  is not like that.  Do you think I am right?

Yes.

Bitcoin fees are high. Bitcoin is not used for transferring money. There are no projects about bitcoin. İts price only rises when there are more buyers, so It acts like a Ponzi scheme nowsadays.
i agree to that sir, the essence of being a currency is slowly fading away specially in micropayments its too expensive to transact to it, however many believed that bitcoin now is mre of an asset a store of value that appreciates over time, and to those that believed it was a ponzi the should do more research Smiley ..  well just hope the lightning network will be widely and perfectly implemented specially at this times..

For small transactions we can use AltCoins at this moment. Bitcoin is under constant development, today the network can be overloaded, but with an improvement the situation can be solved (at least temporarily, like it already happened), so the fees will decrease again.

Anyway, it's not a reason to consider Bitcoin a Ponzi scheme. No one will be scammed here. There isn't a central authority holding everyone's money and ready to run away on the first opportunity. The free market regulates itself, we regulate ourselves and we must be aware our only guarantee of success is to keep Bitcoin reputable, so the demand and the supply will be balanced and the currency will be usable. On the contrary shulio says, there are several projects about Bitcoin and people are still transfering Bitcoins (otherwise fees would be cheap).
731  Economy / Micro Earnings / Re: FreeBitco.in - Win free Bitcoins every hour! on: January 21, 2018, 11:44:33 PM
No captcha for me on freebitco   Kiss been like this now for a week.

It happens sometimes when you have a certain amount of satoshis.
how much of that amount you're talking about?

Different for everyone apparently. No one can figure it out  Grin. Keep your deposits coming to be sure of that  Grin

Found this on the another thread:

If you add some more funds to freebitco.in, than you don't need to solve any captchas! You need to deposit twice the amount of your free roll winnings to have no captcha.

It's different for everyone, but there is a common rule for all.  Wink

I have just tried this, I deposited over 3x my free roll winnings into freebitco.in earlier today, but an still getting the captcha.

Really? So it's better to wait FreeBitco.in's administrator tell us the right amount we must have in our balance. On my account I have no captchas to solve, however I have more than 3x my free roll winnings... Didn't find any information about it on FAQ too.
732  Bitcoin / Bitcoin Discussion / Re: HOLD your sh*t on: January 21, 2018, 11:30:20 PM
It's true. The little fishes are just giving all their coins to the big holders, so these whales can have more money being stored for the long term, while the little fishes are constantly exchanging six to half a dozen. And from time to time, the whales drop some coins on the market, so a dump happens again, they buy everything back and keep doing this... And the reason why they have success is only one: panic selling.
733  Economy / Gambling discussion / Re: return as soon as possible and win back your losses . on: January 21, 2018, 09:03:57 PM
We all can lose in gambling  and lose our money but shall we stop or try to win back what we lost ?
When it comes to gambling thier are two ways that really beyond it. The winner and loser. Everyone wants to be a winner and not to lose your money. When you lose your money during gamble you should stop for a few days either  play again earlier. You must play so lately so that you may know the flow of the game so that you can win. When youvare winning you must stop and know your limmitations.it is better to have small profit than lossing all your money. Back with tactics.
If you are afraid of losing your money then you should not gamble at all, maybe you are betting too much money or you simply cannot afford to lose that money but whatever your reasoning if you are afraid of losing your money then do something else since in gambling is almost impossible to not lose money.
I guess one gambler will be ready to listen your words. They do believe that they are courage enough to face any losses and also they are smart enough not to lose and these are the reason they are simply continuing and keep spending their money. We can assume these as gambling industry is always growing up and we are not seeing that gamblers are avoiding gambling opportunities.

Returning back quickly to gamble again cannot be a solution to win back as in quick time there cannot be any time frame for improving the gambling strategy which means same environment along with same losing strategy then how we can expect to win in new round of gambling ?

They feel courage to face any losses because they don't believe they can lose 30 times in a roll... So with a decent bankroll and a low initial bet they think they will dominate the game. Also, alternating some bets here and there, increasing initial bet a little, decreasing later... Everything works fine until it doesn't work anymore! Then the money is over, the desperation feeling comes, and they want to recover the lost money without understanding how that loss could be possible to happen! And if the gambler doesn't stop trying to recover the money, it will become a vicious circle of losses without end.
734  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Duecoin - Faucet! on: January 21, 2018, 07:48:28 PM
This is the wrong section to post this kind of thread.

Please, move your thread to Micro Earnings section: https://bitcointalk.org/index.php?board=212.0

People who likes this kind of site always look on that section, so they will find your thread there and try the site, if they have interest in DueCoin.  Wink
735  Bitcoin / Bitcoin Discussion / Re: Money Laundering is Less Than One Percent of All Bitcoin Transactions on: January 21, 2018, 06:04:39 PM
This is great, we can finally put a stop to all the news articles that keep refering to Bitcoin as a platform used to perform illicit transactions, but of course, this won't get enough attention on the media because it is actually a positive news for Bitcoin.
Nevertheless, I hope this helps attract more people into Bitcoin, especially those who skeptic about using Bitcoin because of its "reputation".

Indeed, mainstream media will ignore this kind of news, it's not good for the narrative they want to make the public believes always that they start talking about Bitcoins. What this media doesn't know is that it's a lost battle for them. In theory Crypto-Currency doesn't work (as media says), in practice everyone sees the opposite, the results are positive, so the public will try it and now, with this news, they have just more one reason to invest in Bitcoins, knowing they won't be in an ocean of fraudsters.
736  Economy / Economics / Re: Do you think cryptocurrencies have the potential to overtake regular currencies? on: January 21, 2018, 05:26:28 PM
soon we will get more investors from stocks market cause ICOs are changing the market to a stocks market.
after geting more investors crypto will overtake regular ones
I think it is too early to say about that, i think that it will surely take more that decade because still most of the people do not have any idea about bitcoin and i think that even if some people know about it still they are not taking any risk to invest a lot of money in crypto currency. therefore we cannot think that it will replace fiat currency so soon.

The event's speed in this world isn't constant. Each new year things happen faster than in the previous year. I believe Crypto-Currency will get enough power to overcome regular currencies faster than we imagine. The Crypto-Currencies popularity is increasing too fast and it causes a chain effect over people's minds that it's hard to predict its real potential, what we know is that it's big.

And I think people are investing hard in Crypto-Currency, some rich guys see the niche as a profit opportunity and invest hard on developers and projects. Fiat doesn't need to be replaced, it can continue existing and being used, the fact is that its hegemony will finish.
737  Economy / Marketplace / Re: Have you ever bought a product with Bitcoin and what do you want to buy? on: January 21, 2018, 04:37:52 PM
I have only bought games with BTCs, a kind of virtual good. I would like to buy more stuff with Bitcoins, but I would need to buy it from foreign countries and calculating the costs of the product + fees + the risk of not receiving the package, it's a bit frustrating...

Seems I will have to wait more retailers in my country adopt Bitcoin and start accepting it as payment to use the currency to go shopping.

Depending the country where you are it's not a problem, there are many people enjoying a lot to use their BTCs to buy products, what is amazing, but when there isn't confidence between the customers and the post office company, the hostile modus operandi overcomes.
738  Economy / Economics / Re: Weak Hands lose money, strong hands makes profits in this game! on: January 21, 2018, 02:16:20 AM
And these weak hands are feeding the trolls, always after a big drop in price like the one we have seen the trolls become bigger, fatter and stronger for the next season... There isn't reason for panic, people don't need to sell all their coins fearing to lose money. It just helps big holders/speculators to accumulate even more fortune, while the little fishes don't enjoy the profit they could enjoy!
739  Bitcoin / Bitcoin Discussion / Re: How to explain BTC values to co-worker on: January 21, 2018, 01:00:23 AM
I think many people here don't like to hear it, but I would say the currently price is on that number because speculation... People see it's a profitable investment, so they want to try too, so many of them put their money in BTC and push its price up. Store of value feature is very interesting and attractive for everyone.

On long term I believe Bitcoins loses the speculative characteristic as it will have more utility, being accepted as payment for several kinds of businesses and being more present in our daily life. More accessible and easy currency to use, which you are under the control all the time, without the need of third party services (banks and governments).
740  Economy / Gambling discussion / Re: The Gambler's way on: January 20, 2018, 07:45:26 PM
I'm curious why people are still believing in martingale? It is one of the surest way to lose your coins at the end of the day. It may work in theory with no limits on max bets, but this is never the case in real life in real casinos because otherwise a big whale could easily ruin them by always adding to his next bet. But if there is a max bet amount in place, with each losing roll the casino's bankroll will be growing while yours shrinking. And the longer you play, the sooner the house edge will kick in.
Theory is nothing but what is we are experiencing in real life. In my opinion there could be no possibility of continuous losing streak anywhere to happen. If we are using martingale strategy in real life then you could definitely crack profits but unfortunately most of the gambling houses are not allowing you to escape that is the reason you are facing continuous long losing streaks.

The gambler's way could be anything and it may consist of any different strategies too still it could be followed all the times only when those strategies collectively giving more profits than losses. Martingale must be one of them it will cover losses in one single bet.

People complain too much about Martingale because it's the most popular strategy. But if we think about any other strategy, seems they are similar or worse than Martingale... The gambler's way is the way to the total loss if he sees gambling as a money making method. Gambling plays with people's minds and their imagination, those who don't have their feet on the floor will be totally drained by the loss streak avalanche.

Strategies help temporarily and their effect duration is random for everyone. If you can't lose money or aren't prepared to lose money, stay away or play low.
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