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7361  Economy / Gambling discussion / Re: Do you consider trading as gambling? on: November 08, 2016, 04:08:20 AM
For me yes, because you have to take a risk. Your product might not be good to the buyer you might lose a lot of money with that.

All types of investments have the risk and I consider that gambling is investment and so trading is. That's why they are all risky and I consider trading as gambling too for you will risk the money that you will invest into it. And it depends on how much you are willing to put into their or if else you will fail in trading, you will come back to gambling.
You are right on that, it's like gambling but a less risky one.. You will be able to make a right study with trading since the information is present as you can see it, while in gambling it's more on the luck and a little skills.. But games can be manipulated so you cannot make profit in gambling.
7362  Economy / Gambling discussion / Re: Is Gambling addiction a disease? on: November 08, 2016, 04:04:03 AM
It could be a disease because you will not be able to make a right decision, when you have a gambling addition, consider that as a serious problem that needs immediate attention.

Seek the help from your family or the professional.
7363  Economy / Gambling discussion / Re: how much amount of bet you prefer? on: November 08, 2016, 04:00:03 AM
As low as possible. Except yesterday when I tried to gamble just $3 because I won it on PrimeDice from referrals, I am playing most of the time just with faucets or nothing. If the site doesn't have a faucet, I don't play at all.
Good thing you play with your referral income as you will not lose your hard earned money. Me, I have a minimum of 0.001 referrals per day and I use to bet it in big parlays. Sometimes I am lucky but most of the time I lose, but still I enjoy it .. No risk at all.
7364  Economy / Gambling discussion / Re: What are the primary lessons you earn after you gamble? on: November 08, 2016, 03:55:57 AM
Never gamble with money that you can't afford to lose. Never try to gamble to make a profit, as gambling should only be played for fun. Also, if you are gambling and have already made a nice profit. I highly that you withdraw some BTC as sooner or later you will lose all of it.

This is the lesson I've learned also because when I was into dicing I just can't help myself. Every time I lose with a single play I wanted to put higher bet with it for just one dice and thinking that I will get the returns of my losses easily with a single win. But it seems that is not effective just like a strategy of YOLO player.
Well, you have to pay the play, not all the time you can win in dice because it's a game of chance but one thing is for sure is that you do not have the edge as it belongs to the house. Maybe, you have to consider playing for fun only.
7365  Economy / Gambling discussion / Re: 2016/17 NBA Season on: November 08, 2016, 03:34:07 AM
Hi, Can you put lakers in the poll? I have chosen others under the choices because lakers was underestimated. They might become a champion this season so please help me put it there.
7366  Economy / Gambling discussion / Re: How many BTC do you gamble with? on: November 08, 2016, 03:30:57 AM
I only allow myself to gamble with a couple of dollars worth of bitcoin every week. That way I can't lose a large amount. It works for me and makes it more fun if I keep it under control.

I usually don't gamble with a certain amount every time I play. Because as long as I have bitcoin in my wallet I gamble and usually I manage to limit it up to 0.01 BTC per week only. Because if I will gamble higher as I can then I will just simply be into losing as I know I'm not a very lucky person when it comes to gambling.
You are a cheap gambler, but I like it as you will not lose too much in gambling. Honestly dude I envy you because in my case I can lose 0.01 in less that a minute, maybe I have a gambling disease but I really like to gamble.
7367  Economy / Economics / Re: Is it better to save money or invest it? on: November 07, 2016, 05:20:33 AM
It is both better to save and invest. Investing money is risky but there is an assurance that your money will grow. There are those who are investing using the bank and they will get their money after 10 years that grows the amount more. An individual could start with saving and half of it will be for investing.
Because they have different purpose, you invest to make your money grow and you save because you want to have some amount for your future. A person who knows how to save will most likely to succeed when investing.
7368  Economy / Economics / Re: possible government regulations? on: November 07, 2016, 05:16:21 AM
regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.

I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad

That is what many of us fears. If the government will also cover the tax for crypto currencies then that will be a very bad news for us or it will just going to depend on where country you live. But I hope the government will not regulate and use their power for crypto currencies and just will let us to get some tax free profit.
i personally believe that we cant remove the possibility that government will try regulating crypto and putting taxes among us since that these kind of transaction have money involved just hoping that its not too much or be fair for all of us just in case that time happen.
Maybe they are already thinking on how to regulate bitcoin now, but it really needs a lot of time and they have to come up with a most comprehensive laws to be able for us to adopt, which I know it's hard to regulate crypto due to it's anonymous nature.
7369  Economy / Economics / Re: Bitcoin or gold? on: November 07, 2016, 05:12:54 AM
i think bitcoin is much more good than gold because gold is much more stable and bitcoin increasing its price too much faster so buy bitcoin in big amount is very much good and profitable than gold .

This is especially true to people that only have small amount of money to invest, bitcoin is the way to go because you can but literally with a very small amount of money. You can buy and forget it for a couple of years and hopefully it will grow its price that time. Investing to both gold and bitcoin as well as to other investment vehicles, is a good way to go.
It's not only for investor who have a small capital as even the rich one find bitcoin as a good investment. You can always prove that as there are whales who control the price or manipulate bitcoin. With their actions, they are surely making themselves richer.
7370  Economy / Economics / Re: Holdings of gold vs Holdings of btc on: November 07, 2016, 05:06:39 AM
I think holding bitcoin is better than gold, the price movement of bitcoin is better than gold and then for now bitcoin is still free from tax and nobody can check my wealth, while gold is now being taxed by my government
Definitely I will go with holding my bitcoins, it's more profitable for me and that is based on experience. We have more room to grow our investing in bitcoin than in gold and that is something we are holding when investing with bitcoin. True, the risk is there but it's more on the calculated risk, you can also minimize that while increasing your chance to make profit.
I think I will stay on board with you, holding is the simplest way to make money, as long as you have trust with bitcoin, you can always buy bitcoins and hold it for the future. The price will certainly increase in the future and that is the most probable thing that would happen.
7371  Economy / Economics / Re: How would you double $100,000 safely? on: November 07, 2016, 05:03:39 AM
Safe way to double $100,000: buy treasury bonds and wait 30 years. Doing anything else takes risk. In almost every case, the potential return is tied directly to the risk involved. The safest investment always yields the lowest return. There is currently nothing safer than owning treasury securities. It will also return the lowest amount of money on the investment, but at a 3% yield under the long term bonds, you can double your money in approximately 30 years.
I think this is the safest answer here Smiley Treasury Bonds but the catch is the time factor Smiley 30 years? maybe depends on how much interest. There is a formula they used before in order to double your money, it is called the Rule of 72.

To know when to double your money, divide 72 by the interest rate. For example when will your money doubles when your interest rate is 6% per year?

72/6=12. Meaning it will take 12 years (72 divided by 6) for your money to double.


That's too long to wait, maybe we have to consider putting our money in bitcoin that putting in bonds. That is a big amount of money to risk and I believe with the way bitcoin move in the market, you can double that amount in due time, at least not 30 years or more.
7372  Economy / Economics / Re: Does the Price of Bitcoin Matter? on: November 07, 2016, 04:58:51 AM
If bitcoin become the dominant currency of the market, the price won't matter, and it won't have a price anyone at that point. But before that happens, price would he the reason people trade bitcoin
Yeah, that is the advantage of using bitcoin now as it can be considered as an investment, in the future when this will be popular and widely used the price might be stable and we cannot make money on the price movement of bitcoin. For sure in the future we will enjoy shopping online than today.
7373  Economy / Economics / Re: The future of the paper money on: November 07, 2016, 04:55:06 AM
Although we are entering an age where everything has its digital version, I don't see the paper money being obsolete. It is still nice to have physical forms of money. The increasing transaction counts using digital money and online payment has reduced the need to bring cash but there are still things that are better off being paid by paper money.
I agree with you that even though the future later today or digital currency has become a frequently used and become mainstream, but I think that paper money will always exist, no matter what currency symbol is paper money #imo


It is going to remain to exist and will be used by most of us. Because there are some considerations that government will not going to totally adopt the digital currency or else they will create their own digital currency or local online currency that will be able to manipulate by the government. And digital currency will be a secondary currency.
It's the government who will dictate the game, if they want us to use still the paper money then it will not be gone in circulation. What is important is that we can use paper money and digital currencies so it can make our life easier.
7374  Economy / Economics / Re: Big Crash coming on: November 07, 2016, 04:52:14 AM

Well, we cant say the fall will never happen again. If we observe, this year i saw a big drop. From $800 a piece to $525+. Thats a big drop. Anyway, im used to this since the day the bitcoin started it was $100 a piece. For me its a normal. Its very hard to predict what will happen to bitcoin in the future.

yes, anything can possibly happen. It can fall up to $300 Dollar just like before or can raise up to $1,000 dollar or more. All depends on market demands ans speculation or news.Better to just observed first whats happening and decide whether to sell or hold your coins.
Any thing can happen but I believe if any crush coming its can happen after Christmas because I never have any history its going down near This occasion I am not worry about this right now just buying some more in next few days because this current rate is good its can touch 800 USD in coming days

Yeah anything can happen but I am not even thinking that there is a big crash that will happen. And I think this is just happening to the exchange sites that are holding a lot of bitcoins but for bitcoin alone there is no crash to come. People who says about this big crash are just putting fear to us, it is better to say that big cash coming.  Cheesy
Big crash has already happened in the past, so probably it will not happen again. As long we hold on to the price of bitcoin now and we will continue to support it, there would be no problem at all. Just consider that we are just in the developing stage and every adoption matters.
7375  Economy / Economics / Re: USD vs BTC on: November 07, 2016, 04:49:06 AM
Bitcoin is digital currency and also one of the commodity like gold. It cannot be replaced with USD, still major countries are not still not accepting bitcoin as one of their option. It will take lot of time to establish a digital currency into physical one.
yeah bitcoin is digital currency and you are right that bitcoin is still not acceptable in some countries but i hope bitcoin will be sooner acceptable in everywhere in all world in the near future and i am sure bitcoin can be appear in physical shape in few years .
you are right that is still not acceptable in some country but i am sure bitcoin will be soon acceptable in these country and then will be use bitcoin for anything to buy with bitcoin and bitcoin going to more advance .

Just give sometime for bitcoin and it will be adopted but a lot of stores in the near future. And we don't need to think that USD will be replaced by bitcoin or vice versa. Because they are both associated for each transactions and they are playing both an important role in the market. Bitcoin depends on USD and USD is getting profit from bitcoin.
Time is really important so we need to have a lot of patience to be able to see more stores accepting bitcoin. I am not in a hurry because so far bitcoin is profitable to me, i would only invest it for now since there's a limited use of bitcoin online and time will come I can fully get the benefits of using it in online transaction.
7376  Local / Pamilihan / Re: Ano pong gagawin ko 25.00 ko Bitcoin wallet para lumaki on: November 05, 2016, 08:41:28 AM
Patulong po, yan LNG po kasi puhunan ko eh, wala akong trabaho Sad
Taya mo yan sa dice..
7377  Local / Pilipinas / Re: Makikialam Kaya Ang Gobyerno Sa CryptoCurrencies on: November 05, 2016, 08:36:07 AM
Just don't worry it will be in the future, bitcoin is not that popular in our country and the government is more focus on bigger problems..
7378  Local / Pilipinas / Re: Ang Sekreto sa Trading on: November 05, 2016, 08:28:38 AM
I read it, very nice method of making money in a short term. I will definitely try it with yobit.
7379  Local / Pamilihan / Re: 2016-2017 nba . nagsimula n. on: November 05, 2016, 07:48:01 AM
Lakers just won today against the warriors. What you do think about the lakers guys, we have our man their JC.
7380  Bitcoin / Bitcoin Discussion / Re: Do Bitcoins have Tax?? on: November 03, 2016, 02:56:37 PM
Bitcoin has no tax because it is not regulated and under the custody of the government. We are independent here and we have all the freedom to do whatever we want with our bitcoin.  NO tax is good as more income equals more money.
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