If bitcoin reaches 10,000 fiat will not be worthless but without a doubt it will bring a lot of attention to bitcoin and new adopters and that could lead to the eventual world adoption of bitcoin.
That's plausible to happen as the price of bitcoin is going to keep on increasing fiat will remain. And for sure people who are really going to be amazed with the price of bitcoin if that happens will adopt it instantly and hoping to earn 1 bitcoin hardly. Fiat will not be worthless but yes, it will going to attract a lot of new people and users. Not really user that we are going to attract when the price of bitcoin is worth $10,000 but people who wants to take advantage of its price... Most of them will be for the profit even if they really don't know what bitcoin is, as long as they could earn from this... Later on they will still be cashing out to fiat... World adoption of bitcoin won't happen that easy and not even when the price reached $10,000, it will take time before the world learn to like bitcoin. The price is not the main problem here, it will be the effect of the adoption, if the adoption is big then it will result to bigger prices and I don't think people will just come for profit and sell their holdings. There are smart investors like the whales, they know even if that price will be reach it will still continue to rise and they will benefit from that movement all the time. |
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The thrill of winning is very addictive. Like an adrenaline rush.
indeed, temptation for always winning is to hard to controlled and it could make us to become too greedy. but i think if someone can learn from his mistakes and from his losses and not being greedy with his winning, i think playing gambling can not makes that person to become addicting in gambling but it is always hard to do and only few people that can do this with easy. Off course it is this is was is so addicting. We had competition that was ended yesterday we have to pick highers odd to gain the winning one was over 30 so this was very exacting and intense in same time. Also the game it self like @michaelch mentioned pure rush There are two different type of gamblers, one type is when he is winning he love to push his luck and the other one is when he is losing he will rage and chase bets. Both are good and should not be done as it would certainly result to gambling addiction. |
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when I read some threads about how do they make money on bitcoin I always see gambling , I dont see any people who become successful on trading because when they reveal they are making money into it people will contact him and ask how he do that and what strategy he is doing and another is thru signature campaign (for sure) .
You should explore more thread, those who are saying that there source of income is gambling are not really earning in real life. Although it's true that it's not possible to be profitable with gambling but most of us failed to achieve our goal. You can only consider it as a source of your income if you are doing well and you are consistent in winning. |
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Winning and earning is definitely possible but it's also inevitable that you'll lose money in the process. It would depend on how responsible you are with your winnings to avoid regrettable results.if i were to win big with any gambling sites or casinos's i'd think twice or thrice about betting it again. Most likely i'd keep the winnings that i've had and if i want to continue gambling, i'd start again with he exact amount i started before i won. Then same process. If i've exhausted all my capital then i'd leave. The winnings i made would be saved in my btc wallet to be used for future tradings
The fact that you cannot control the outcome in gambling, you must have another plan when things does not go on what you are expecting. We all aiming for profit but there are times we are really unlucky, hence, we will be tested on how to react in such situation. If we are smart enough we will limit our loses and stop. |
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I think smart way is bet small.Don't be too greedy and always remember that gambling can't make you rich.We all know gambling is very dangerous and it can make anyone empty hand so by betting small amount you won't lose your all money.Also doing only sports betting is a smart way cause you can be profited from that.
Focusing on profit will make us greedy and yes we shouldn't avoid that type of attitude when we gamble because that is going to lead us losing in the end. Together betting small amount is a good but smart way depending on your capability. Even you are going to bet high amount but you know what you are doing and you afford to lose it. it is not good for us to only focussing on profit, we need to learn about the risk too because every time we are playing gambling, we can not always win and our luck is not always beside with us. smart way for me is when i can spend a little amount and then i can win in several times, then i quit as soon as possible, this is what i am thinking and what i am doing so far. - That is just temporary. When we lose too much, we will not be able to control - We will raising the higher and higher bets, and we will lose - We were too greedy and impatient, I think smart way is control control and control when play gambling Human greediness is just a normal personality for all of us and yes control will be the smartest thing that we need to do for it. But the question is, how we are going to control our greediness? You need to practice something that is going to make you not that greedy. So, if you ever won some amount maybe 0.005-0.01 BTC for this day, I guess that's already enough. Try to set a limit or an amount which is going to satisfy you. Well, if you practice it you will really overcome your problem. Human are greedy but it can be controlled, hence we should try to do things to make it possible, the moment we are in gambling and we have good control then it could give us a chance to win and limit our loses. |
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I think that money laundering would be a little easier if more people used Bitcoin.  This is very likely, everyone will use bitcoin for money laundering. but with prices down like this, certainly they thought of canceling if saving money in bitcoin. Maybe a criminal could be waiting but it could be for different reason, if a criminal wanted to launder his money then why not obtain a profit in the process? So, the criminal buys now when the price is low and waits until the next rise in price, that way he launders his money and obtains even more money in the process. maybe they do this without anybody know because if they buy bitcoin with third party or not, the other people don't know where the money come from and being used for what, but if they already have bitcoin then its easy to them to sell the amount when the bitcoin price is high. i believe that there is money laundering via btc, because we can not know what kind of transaction that being used by many people in outside. sometimes i have no clue what it is that people are saying, i get about half of your meaning, but that was already addressed two pages back, so i must be getting it wrong Then simply don't right anything without understanding the topic, you can check google for the complete information regarding money laundering act. Some here are just saying based on their opinion and some does not even understand what is money laundering act and why it's created. Just saying, hope we read more and post less. |
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I wouldn't expect any discussions about Bitcoin in the Whitehouse. Donald Trump has recently said: “I think that computers have complicated lives very greatly. The whole age of computer has made it where nobody knows exactly what’s going on.”
That being the case, I would imagine any discussion with him about Bitcoin would be unlikely or at best, fruitless.
His statement does not mean that it is his belief until the end of his term or the end of his life. The fact that they honor the discussion in the white house, there is always a chance that the President might be convince and will eventually change his mind. Let's be positive, it's all for us. |
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Actually, the act of investing in a gambling site/s will already ensure you profit since the reality is the house always wins as they have the advantage.
That's only true if the gambling site doesn't have any bugs at all or the people hit the jackpot a couple of times. The house edge is nothing if people gets lucky. All those small earning from average people will all belong to the person/s that will hit the jackpot. Other than that, your gambling site should have enough players so you can cover all the advertising, staffing, and all other expenses. There are also gambling sites that goes bankrupt, you just don't notice it. This is an interesting observation, because I recently saw reports of users complaining about glitches on gambling websites, and these were services that were known and trusted by most in the community. This is just one of the reasons why I think you have to be very careful when gambling online. Bugs or security problem is the main concern of the gambling sites owner, they are not here to scam us but to serve us. The amount they earn in a daily basis will accumulate to a bigger amount in the long run as they are profitable. Hence, there main concern is to maintain their site reputable so more people will play and enjoy. |
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I already save half bitcoin ,and still not enough to cover all my expenses ,cause im only the bread winner of my family, i do work in day and bitcoin in the night for extra income.im saving bitcoin cause i want to enter into trading to earn more btc for our monthly allowance.
If it's not enough then you save more. Don't use your current situation as an excuses that you cannot save bitcoins for your future, instead make it as your inspiration to strive hard to make more money, you are the bread winner of the family and that means you have big responsibility. |
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Never gamble while you are drunk!!! I think this is the worst mistake. You can loose easily your coins anyway, but when you drink, you make more reckless bets, and loose in no time. True story  Right lol because you can't control yourself to be greedy when you're drunk. You want to earn fast with just a few hours. Try to gamble when you're in a good mood Like they said, do not gamble when you are in the stable state of mind, when you are drunk your mind is weak as your emotion is more dominant. We know for the fact that gambling is a mind games so we have to follow what it requires us to be a winner in the end. It's always a mistake to gamble when drunk unless you are just playing it for fun. |
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Hi friends,
Work the longest without loss ? With which strategy ? (With an average of 0.1 BTC balancing)
Which site and which strategy to run for a long time without loss?
Everyone share their experiences, brain storm
Just like I said in the other thread in this gambling discussion section just invite more people and make them as your referrals the more the referrals the more money to come on you.But choose a better gambling site that offers affiliate programs. It's safe but I don't think it's easy to attract gamblers to sign under you as your referral. Some makes this kind of business but they offer something like giving free bets or whatever favor you can do for them, most gamblers are smarter now especially the high rollers so it's not easy for you to attract them. |
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I think everyone here is a fool to think that they do not take their winnings and simple turn them into losings. I win some, I lose a lot, I have fun in a process thats what it is all about, right?
For sure we do not think that way, what we think is we lose in the long run due to the house edge. If you believe you can win in gambling and you have proven it then you are exceptional as only few can do that. But do not ever think that it would be very easy for others to follow your path. Due to the mere fact that most gamblers are losers, we tend to convince ourselves that gambling is only for fun. |
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Used to love blackjack - but can't seem to get away from Dice at the moment...
I am doing the opposite right now, I used to love dice, but I cannot get away from one deck blackjack playing 3 hands at one time. Dice is too based on "luck" at least with blackjack you can control it to a degree You are really doing good as you have come out of hypnotizing dice gambling. Like many gamblers, I am too still loving and struggling only with dicing. I know it will not be profitable and other than setting up new strategies the chances for entertainment will be less within it. Still I do dice gambling only. Maybe I got addicted to it. Well, at least you are enjoying what made you addicted. I love dice as well as the outcome is fast and it's really fun when your luck strikes, but as a gambler I do not limit my form of entertainment into one game only, I do sports betting as well and from time to time, games in gambling changes my taste depends on my mood when playing. |
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What a question!! Only the price of bitcoin matters and nothing else. We are showing interest in bitcoin only because of its price. If bitcoin was priced at $1, no one would have shown interest in bitcoin for sure.
The bitcoin price is attractive and hence people are investing in it and actively earning it. The price is the only factor here.
It's not the price alone mate, it's also the users of bitcoin. I believe people are more interested to see the adoption rate and they make it a basis on their investment and believe that the future will bring them great profit due to increase of price. If the price of 1 BTC is $1,000,0000 but only few users, does it attract people to use it? I think the Bitcoin users affect the prices of Bitcoin. The more people use it, the higher the prices are. In general, when Bitcoin was first created, there were many people know about it so that its prices are less than $0.1. Later, when it was first used by hackers and bad people in the deepweb, its prices were about $50 to $100. Currently, there are millions of people are having Bitcoin and the prices have already over $800 for many months yes mate the users adoptions really affects to the value of it i think the more knowledge about it the more people will support and use it either with their investment or for their daily transaction, we just needed to learn more about the features of bitcoin and for sure more passive things will follow. There it it just right to carefully analyze the price and not just being comfortable every time we see a good price. We must know what are the factors affecting the price movement as it's very vital for a sound decision making. |
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with the bank I believe bitcoin will be one of the financial payment media most widely used in the world. because with these conditions, bitcoin will become more reliable and also secure in every use.
I think the banks have government will never accept bitcoin, you could see governments around the world reject bitcoin. because bitcoin anonymous and decentralized. but if it happened it would be very nice for bitcoin Governments accepting Bitcoin is probably one of the things that does not make sense, because this would be a way to reduce the power they have. Control over the local currency is one of the things that gives more autonomy to governments, and certainly is one of the pillars of the state. That is why all nations use fiat currency. For Bitcoin to gain space, everything will depend on the users. I dont think govenrment will ever accepting bitcoin, that is why bitcoin bank will never appear, by accepting bitcoin, it means the government will lose the power to control the tax and the transaction, the only way fro government to accept bitcoin is to treat bitcoin same way as fiat, so the government will ask you to provide information for every transcation you made I don't get why people still need Bitcoin to be accepted directly? When we can convert it to Fiat anytime which has more use and widely accepted in any country of origin. We don't need banks to accept Bitcoin. They have no idea what would the world would become if bitcoin will be accepted directly, for me it's good to always stay this way, at least we have different option to use and we can enjoy both. Banks are for fiat so there will be no bitcoin bank in the future. |
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as now i am trying to make limit for myself, then i make only small bet and i think its only for 0.0005 satoshi and i think i can do in lower than that amount. i know i will not make much of money but for me its enough and i don't playing gambling in a day but just in for hours.
There are just some games that you cannot bet that low on, dice would be about the only exception I know of available. Most online casinos have a minimum bet of 0.001btc or more on the tables. Some sites accept lower that 0.001btc, they want volume to play on their site. The amount mentioned is pretty low and I don't think if a person cannot afford to bet on that minimum will ever be successful in his journey. If losing that amount would already affect you then it's better not to gamble at all, that would mean only that you are not eligible to play or to have fun. |
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Gambling in a smart way is possible if you are just betting with low numbers but I do not see any other smart thing about it..
That's a smart way of gambling if you are going to bet with small amounts on a daily basis. Also a smart thing is that you are going to play if you are in good mood. Because somehow it can affect the way you gamble and your play style. As we know if we will bet in rage, most of the time we are just going to keep on losing. The odds are base on our chances to win, we can actually win betting on low or high odds and that depends on our luck. However, just like you said, the moment we lose our temper in gambling, no matter how good you are, you will not gonna succeed as you will still always gonna lose in the long run. |
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like what others have already said, with 0% house edge the only way this can be possible is through advertising system or games that pits players against other players. i think it could be done in a very clever and sophisticated way but i think it would be very difficult. unless you can come up with something really brilliant
I have not seen a game with no house edge that is getting popular now, so with that reality I think it's really not effective to have that games. I don't know because I don't play all games as I am only limited to playing sports betting, dice, and roulette. |
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There are just those people that are totally risk taker and they attain to gamble higher what they afford to lose.
You will be surprised to know that some people actually gamble the money that they cant afford to lose, they call themselves risk taker and I prefer to call them insane. Some peolle think that by risking everything they could finally win and perhaps double up the amount in a gambling sites and in fact it is just an insane thought And they are most likely those who ruin their lives because of gambling, the success rate is low so expect that this people will keep complaining and blame gambling for their misfortune. If the outcome is positive, we have a very happy life but if not it's devastating and it's hard to move on. |
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Best way to gain more btc? For me you should do trading, buying some altcoins for low price and sell them in high price! Never use ponzi or you lose money  Altcoins can give you good profit but it can make you lose as well, it's not good for long term investment but as a day trader you can take advantage to the big price movement. However, it's not easy as we think, we have to understand the nature of it and be active to monitor the news of that are the updates. |
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