With 1000 dollars each, it seems that bribing with bitcoin would be a good idea. One USB stick will do the job with no third party required.
Well lol, what have you been up to man  Sure, the idea seems great. Actually you don’t even need a USB stick, you can just tell them the private key by mouth, although that is a hassle to do due to the sheer number of characters in a private key. Or you could hand them a piece of paper. I doubt that people will accept bitcoin bribes to be honest as most people don’t know what bitcoins are even yet across the world. You’ll probably find more success using cash not bitcoins lmao. Disclaimer: I do not endorse the act of bribing anyone! |
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Is anyone using their btc to buy cars or houses in case the BU fork hits bitcoin hard? Maybe converting btc to fiat or another crypto? If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?  Personally, I’m not going to sell any coin right now. We have seen bitcoin rise over $1250 and stay there for a long time, I don’t think anyone should doubt bitcoin’s ability to perform as an investment. The hard fork is going to make both the value of BTC and BTU drop, sure, but the value of these two forked coins added up should be around the same price that bitcoin was at before the hard fork happened. I wouldn’t worry about it right now to be honest, especially if you have less than 10 BTC. And no, i've got no money to buy cars and houses unfortunately  |
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Most exchanges favour bitcoin core. They have stated as you said in their press announcements that their position on it is that if a hard fork happens and there ends up with "two different versions of bitcoins", then they will add BU as an altcoin whilst keeping bitcoin core as the main "BTC". Most people still favour bitcoin core, but bitcoin unlimited is gaining traction + hashing power. I wonder when the hard fork is going to happen, boy it's going to be damn interesting. |
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what was your attitude when you first got into bitcoin? was it to get rich quick? make some dollars? learn the tech?
and how has it changed the more you've learnt? did you go from a moon kid to a serious scholar of the tech or even more of a moon kid than before?
i started off as interested in the dollars, then got more and more fascinated by the whole world around it, now i think i'm starting to come out the other side a little.
the more i've learnt about this scene the more screwed up it seems and i don't see how it's gonna cure itself. there's money to be made but i might be doing it no longer believing in its immediate future.
cryptocurrencies will never go anywhere but i'm starting to think what's around us now will be looked back on as the experimental and growing pains phase rather than anything that directly survives and is built on into the future. uncool but from the heart.
what about you?
I have learned a lot from using bitcoin. The biggest lesson I've learned is: never invest in ponzis. My first usage of bitcoin is when I looked at this supposedly amazing program which mined oil from the Middle East and produced amazing returns that accounted to something like around 20% per week. I was thrilled to hear that, i spent all my days investing and reinvesting, until eventually the program died. I think this told me that there will never be a free lunch in this world. Everything comes at a cost. |
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Hi,
Probably a stupid question, but since the price of BTC will obviously go down rapidly if a hard fork happes.
Will we get some kind of an annoucement/warning hours/days before they start the fork or will this happen from one second to the next?
Well first of all i don't necessarily agree with your statement. The price of bitcoin will go down rapidly if a hard fork happens, however that is only Bitcoin Core and Bitcoin Unlimited individually. Them added together will probably be the same price as before. This is what happened with Z Classic, and ZCash, as well as Ethereum and ETC. As to the warning, we've already got one. No one really knows when it's going to happen, but if it's going to happen it's probably going to happen this year. Once the hash power of Bitcoin Unlimited goes over anything over 50%, you have your warning. |
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Good news dude ! Bitcoin price is recovering little by little . From 950 $ some hours ago to 1066$ now ! Buy now till it's under 1100$. https://blockchain.info/marketsYep, and i don't think it really surprised anyone. There will be someday where bitcoin price will skyrocket over the $2,000 barrier and that will be when all the haters will be named and shamed  When people start to spread FUD and start panic selling and driving the price to drop like crazy, it is generally a good time to go against the crowd and buy a shit ton of cheap coins yourself before the price goes up. Go against the crowd is my basic trading strategy, it has only failed me a few times. |
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Lol, i thought there would be actual discussion here but actually, it's just self advertisement. I don't really dare downloading from upload sites anymore after getting a malware that had me panic for a few days. Anyways, doubling $25 doesn't mean much. Anyone can have $25, go work somewhere for 3 hours and earn the extra $25, and say, oh, i have doubled my money, how cool i must be!  If you have a working method to double consistently, say $500 at a time then a lot of people would be interested. But $25... That's a small amount. |
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Some day in the future, you will realize that the best time to invest was not today, but some other day in the future, when prices were low. But with the information that you have today, the best time to invest is still today, because you do not know when prices will be low, and you do know that the longer you hold your investment, the more time it has to grow.
Toughts?
I guess, investment timing is when you are really ready to take risk even the price now is low if you are not yet ready so it is not a good timing to invest on. And so we are hoping that the price will grow more higher than today that is why we purchased btc now. The entire point of investing is to buy low and sell high. The problem is that you never know when is low and when is high. You are always caught in the hype, your decision making is clouded by people spreading FUD and hyping about certain things. But obviously, if you never ever make an investment, your money is just going to sit there stagnant. And when money is stagnant, that's the worst thing you can do to your money. |
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These are not real "world currencies". A real world currency would be a currency that isn't controlled by anyone, not even a world government. A currency that is decentralised, accessed by anyone over the internet. The new world currency in my opinion is obviously bitcoin or another cryptocurrency, i can't say which coin will be that for sure as there is increasing competition as well as division inside the bitcoin community. Sure, USD is strong right now. It'll collapse eventually. |
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I often see that people prefer skill-based gambling such as poker or sportsbook because they think it's more profitable than trading.
But, people say that sports can be manipulated by mafia/casino for their own good.
So, which one is more risky? Skill-based gambling or trading? I think both of them have same risks because both of them could be manipulated, unexpected things could happen and many more.
Personally, skill based gambling will still be a lot more risky. The problem with skill based gambling is that it is still gambling, you are still usually gambling against a house which means that the house will have an advantage against you, you might encounter people who are really good if you are playing PVP and a ton of things. Trading on the other hand especially if you are experienced, is quite safe. I'd pick trading over gambling anyday. |
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Is there a way to see how much gambling sites makes?
Well not really if the gambling site doesn't list their stats but most of the bitcoin casinos these days do offer you insight to their stats. Most crowdfunded bankroll casinos will be able to get you their stats such as profit and investor profit, etc. etc. however most casinos that only have their admin and co-admin as founders don't allow you to look inside their stats. You could email them, i haven't tried it before i don't think if it works or not. You could look on DIcesites as well, that's a great site for casino stats. |
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I already cashed my bitcoins out near the ATH so right now i'm fine with the way things are going... The more drop the better.
When the price drops to a level that is around $700, i'll be able to buy in cheap coins at the price level of last year, which is great. No matter how low it drops there is going to be people buying in at that level, including me.
Remember don't always follow the crowd.
The crowd is full of emotions and hype. When it rises everyone shouts "bitcoin is great" "long live bitcoin" and when it drops everyone says "bitcoin is dead".
That process has gone on for the entire 9 years bitcoin has been in existence.
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i would think that the drop from $1100 yesterday to as of this thread is started $950, is a trap for sellers because looking at its popularity, it is not the first time bitcoin being volatile. unless bitcoin price drops to ~$850 within a day, it could be unnecessary to sell your bitcoins for some of the people will buy again. what is Bitcoin Unlimited though?  Well the problem is that BTU nodes are dropping like flies... That's the reason of the price drop pretty much. The community's increasing polarised, and there is propaganda everywhere on this forum. I don't think it's a trap necesseraily because there is a legit reason for the drop, i personally think it's going to drop even more before it recovers to a normal, $1000+ level which I deem the price level that bitcoin deserves at the moment. But people right now are already placing buy orders at 700-750 waiting for the price to drop. I don't think that bitcoin will drop that much after this. |
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We have to reach a consensus somehow although it is probably not going to happen for a long time. Personally I've traded my bitcoins for fiat already before the crash at around $1200, so i'm in profit and i don't really care about whatever the market is going to do right now. It's a dangerous time, i'm not experienced in trading so i'm not going to try. Hopefully bitcoin can recover to a $1000+ level again. This isn't good for bitcoin at all, we were starting to talk about bitcoin becoming more stable... |
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Hello. Let me introduce myself. I'm a sport fan since my early ages. I started betting on sport tips 7 years ago. I recently found out about bitcoin gambling. I have thread here in the forum where I was giving free tips and managed to win 12 out of 15 games. Due to the fact that odds for sport games are really high with bitcoin I would like to start an investment service. What do I offer ?
-20% On every investment within a week (I have 1 week to return your investment +20% on it)
-Every Investor gets a picture of my Identify Card to feel safe.
Let me know if someone has interest, I can provide past bets
INVESTORS LIST:
Slow death - 22$
I have a few questions for you. 1. If you were to lose all your money on the bets, will you be able to get money out of your own pockets to repay that debt? So basically, is profit guaranteed or only when you win? 2. How are you so sure that you will make 20% every week? 3. Can you provide past bets publicly? And also you should realise that you will be criticised for providing your ID as "collateral". People can't do anything with that ID, they can't sue you, they probably can't even track you down or can't be bothered to track you down overseas. |
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This is a huge problem although poloniex probably won't care.
They are earning a ton of profits from people trading on their platform and paying that around 0.2% fee per trade conducted. They couldn't care less about small players in the system that contribute next to nothing to their profits.
Also by using their site i'm pretty sure in the ToS they state that they are not liable for any losses and the software is provided "as is".
Anyways, if you don't want to trade on their site because of this, then don't. There are alternatives for that. Like Bittrex.
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I am not sure whether or not a dump would necessarily be important or contribute at all to the Bitcoin environment. I mean let's face it we all hate dumps.
When you wake up like today and you see the Bitcoin price during that $1,000 value again you wondered yourself what the hell happened? What happened was really pure speculation. Traders live off the price inconsistencies between time and time.
But I really don't see a reason why a dump would make Bitcoin more stable over time. Yes the market reaction is reducing dramatically but the Bitcoin price level is still yet to be more stable than most small countries currencies. And we've got so many dumps that I can't even count them all.
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I've just transferred a small amount of bitcoin to my poloniex account, it is my first time so I would like to get some help from trading pros here on how to go about it, how to know which altcoin to buy and when to buy it and when to sell it.
Apart from the small amount of profit that I can earn with it, for me its also about learning and experience.
So please, if you have some input, do share.
Thank you
How much have you deposited? If you have deposited small amount and you should probably just invest in some coins that you can take some risks with says the amount isn't large at all. However if you were having some bigger amounts then you should probably consider investing in safer alternatives. The real professional Traders online usually use margin trading. That basically magnifies the balance and every trade the conduct. Obviously that comes with a lot more rest as well it really depends on your personal risk profile so choose for yourself |
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Hi guys! I was always curious if the most of the gamblers have "scheduled" their gambling time or you just go gambling whenever you're in the mood. What about you? Is there any specific time you gamble? Week(ends) days? Or just randomly spread ? Let us know  You should really know best because that's how you guys make money. If everything is planned, I.e. I will gamble x amount of bitcoin today and then I'll pull out no matter what, then people won't end up losing significant amounts like they otherwise would do. The mistake that you guys capitalise on is gambling much more than someone can afford to. When someone does that they are exposing themselves to more house edge than they normally would. Me personally only gamble on impulse. I would look at a games score and I would see some team having a favourable odd of winning, but then I would bet all my balance on that team which is completely unwise to do. |
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https://www.theatlantic.com/business/archive/2013/04/bitcoin-is-no-longer-a-currency/274859/An article from The Atlantic magazine - from 2013, way back in 2013 - declaring that bitcoin is not a currency, but "the ultimate tech stock"! The four years since the article was written has proven that bitcoin is akin to an Amazon or Facebook (stock, not company), and much less "Pets.com". That's a good thing. I have to agree with them. Every week that passes without a new company in any local metropolitan area deciding to accept bitcoin as currency is a two weeks further away from bitcoin actually being adopted, mainstream, as a currency. Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange. What do you think? Although I agree with you in most of what you said, I don't agree with you as to buy coin not being a medium of exchange. But coin is designed to be currency, and it is traded and used like a currency. However the most important aspect of bitcoin is probably it's store of value. It's like the digital gold because production is decentralised and controlled by absolutely nobody. It is a medium of exchange just like fiats. In fact, bitcoin is much more portable than gold itself, and more divisible as well. There is no need to test the purity of bitcoin, as every unit is the same. |
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