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I guess the price is just correcting right now and this also includes the effect of the china issues shenanigans. Well, it looks temporary and will likely go up in the near future but I don't think it will last too long. Right now just be happy you can buy cheap bitcoins. If I had the money I will buy more, I wish I had more money. The price is really low, I think.
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in your country income from bitcoin taxed? state the country
Income is taxed everywhere! It doesn't matter if you profit from bitcoins or other sources. The fact of the matter is that you need to pay income tax on anything you are profiting from. There are only a few countries that do not charge income tax. So if you profited from your bitcoins through buying and selling then you need to pay taxes on it. |
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I have around 100 GBP across various currencies and wallets which I trade occasionally to make very small profits. The problem is that because I am trading in such small amounts and I have the money spread across different wallets and exchanges, the exchange fees and tranfer costs are destroying any profit I make. If I condense everything into BTC in a single wallet I will probably loose a large percentage but I'm ok to do that if I have a game plan for that BTC, even if that plan is to just keep hold of it. I have been looking at ICO's and whether I know enough about the technology to make an educated decision and I've been looking at the UnikrnGold ICO in September for a possible game plan. What do you guys think? Should I a)Continue trading small amounts, breaking even on transactions and exchanges in the hope that one gives me a lucky boost, b)stockpile one or two currencies for 1+ years or c)Invest it all in an ICO and hope for a large return. I have followed the most basic rule of not trading what you can't afford to lose but I'd rather not lose it.
I currently have about 60% in BTC accross 2 wallets, 17% in ETH in 1 wallet, 9.9% in XRP on the exchange, 4.9% in SPHR on the exchange and 12% in QRL on the exchange. (the last one because I though it looked good).
What do you fine folks think?
P.S. I also mine ETH but that's more of an learning exersize and it's in a pool so it'll be ages before I get to the minimum withdrawal amount and it's not included.
You are just trading using 100 GBP? Better increase your capital dude. That won't do a lot. Well if you are talking just about percentages you can profit from it, but generally you will be killed in fees. Fees will kill you because your capital is small and fees will take a huge percentage because it is fixed and not percentage based. |
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I think the recent news are just plans to ban the bitcoin exchanges, there is nothing definitive yet. And we all know how long it takes before a law could be created and would take effect. But right now there is no bans yet so I think the fear happening right now is being taken advantage by the whales and they are buying cheap bitcoins right now.
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Yep, I got some BCH from the fork as a lot of hodler out there and I'm not sure what would the best thing to do with it (in term of long term return of investement).
I would like to hear the opinion of a few experienced traders on this before making my mind.
If yes, what would be the best way to do this?
Thanks!
I think the best time has already passed when the price of bitcoin cash was about $1,000 each. Right now it pretty low, though I don't think prices will pick up pretty quick in the next few weeks. Though I think it will be as good as an investment as bitcoins itself. You just really have to be patient with it to totally profit from it. |
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I don't think there is a gambling expert. Since no one can predict the future then that means no one will ever be an expert in gambling. I think to be an expert you have to consistently perform the task almost perfectly in repetition. That means you need to be able to see through the future to be consistently winning any gambling game.
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Now good time to buy Bitcoin?
Please share your opinion.
I think it is still a good time to buy bitcoins. It has not yet reached its full potential and there is a lot more room for adoption. If it gets globally adopted and more and more people keeps on buying and using it, then that means demands go up and prices go up as well. This will happen since supply will never meet demand in bitcoins. |
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I don't think so. I think mining is quite different from trading. Mining involves creating wealth through generating profits through the use of the hashing power of your machines while trading is generating profit from buying low and selling high whatever assets you see fit. So that is totally a big difference and you can't really say they are the same.
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Any ideas on how to spot a bitcoin scam?
The very first sign is that they offer something that is too good to be true! Take for example most hyips you see on the internet and even here on the forum. Those that offer like 10% profit per day without even having any good reason why they can give that much profits. Those are the easy ones to detect. |
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This question has been discussed allot already, There is no effective strategy and making profit from a certain strategy regardless of what it is is purely based on luck, hence, if you are following something and making profit from it then it's luck, but no particular skill or mathematical edge.
True! We can come across people who claim to use strategies in dice game and find a lot of articles on Google related to it. But the gamblers who actually play this game are very well aware of the fact that there are no tricks or tactics to win dice. It just involves luck. Nothing more, nothing less! People are trying to find winning strategy in Dice game, but no strategy will work fine for the long term. Some times it will work, but it is not based on strategy it is based on our luck it will work. I also try to make new strategy whenever I play this game just for my satisfaction, but the result should be same. With gambling there is no specific winning strategy. For each game a specific strategy needs to be developed and just few people will succeed in it. It's good to play based on the luck rather than on the strategy. When it comes to sports betting, user might get of implementing some common strategies that are successful. totally agree with you , there no strategy in dice gambling even in gambling , so if someone told you there is best strategy ask him to give you strategy to win the Jackpot , the gambling is depends of luck and little 0.5% of intelligent Luck has little to do in gambling to be honest. It is just mathematical statistics at work here. Because there is a house edge that means statistically you are less likely to win than the casinos. This small percentage yeah looks small, but it isn't! There is a big different if you calculate it in the millions of bets, because in a million bets you will see the big difference. |
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What does running in blockchain mean? Did you mean it bets on its own blockchain? Or does it mean they are betting on the results of the blockchain?
If you're looking for binary options game, then fortune jack has one and it's pretty good. Another one, if you want to use fiate, there is a popular one for iOS named IQoptions.
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It does make sense for people who are conservative when it comes to investment. But for those who are risk takers, investing in small amount is kind of not attractive. You know very well that small investments lead to small return of investment, big investments lead to big return of investment. But of course, it does not guarantee returns, so for conservative type of investors, it's not bad to start investing small.
That is quite right, because we are not computing for the profits in their outcome in an amount but we are computing it in percentages. That means if you have $1,000,000 and you profited $1,000 that means you just profited 1% but if you have $1,000 and you profited $1,000 thant means you profited by 100%! that is quite different. |
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I think it is anonymity and fast transactions. Most gambling sites that uses fiat will require a high level of KYC before they allow a player to place bets on their casinos. In most crypto based casinos, they don't even ask your name or even age. Then in most crypto casinos, payouts and deposits are very quick and takes less than 10 minutes to do everything unlike in fiat casinos.
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hello, Im searching moneypot dice sites where to play - where:
- bets are fast! even with minbet 1 satoshi!
- if speed increases when betsize increases its very big +++
- minimal/maximum win percentage are 1%/more than 97%+
- ofc house edge is not more than 1%
- and ofc dicebot need to support it.
looking for something like bit-exo(3-4bets per second), betterbets(2.5bets per scond), where 1satoshi betsize speed is more than two bets in one second. (probable with standart scripts where is more than 3-4bets per second)
please don't post your personal/small sites with less than 1 year uptime.
anyone can advise some good site, with that kind of criteries?
Why does it have to be a moneypot gambling site? There are plenty of gambling site that is way better than any on moneypot. Just try yolodice, if you get a VPS which is located in ireland or if you are there already, you can bet 40 bets/second! If that isn't fast enough I don't know what fast means! - Why does it have to be a moneypot gambling site? - after few month when i will get bankroll to play with basebet 10satoshi then ofc i will go to YOLO. but now i can't play so high basebets, and need to find site where 1-9satoshi bets are fast till get faster to the YOLOdice. and i dont wanna cashout my bankroll from moneypot to go somewhere else and pay 1/30 of my bankroll in fees, AND no one site will be faster bets than bit-exo with 1satoshi basebet what is now my primary main site. simple i need to find more sites, for that i can play more than one at time. i better will play 4 sites with 1satoshi basebet, when 1 site, with 4satoshi basebet! (like sample) if you know how i can make bets with 0.00000001 basebet with some kind of VPN on YOLO more than 5bets/sec(then i will immediately leave bit-exo), tell me more about that.The reason why you will not find a lot of these gambling sites is because operating a server costs a lot of money. The more people using super fast betting speeds will mean it will cost more to run the servers since you need a bigger and better server to handle all the requests. If you are just betting 1 sat per bet, for sure it is not something the gambling sites want because they will not profit from you so much money. That is why yolodice has a minimum 10 sats per bet to get the max speed. michkima, you are not so clever, if u think recreational player who will play 3 days a week for 30minutes with basebet 10 satoshi or even 100(with no increasing bets when lose), will make more rake for site, than me if im betting 24/7 with 1 satoshi basebet (but increasing when lose)  You are a lot more stupid than I thought. So you are saying that you incease your base bet every time you lose? Then that means you are doing a martin gale system. Let's see how long that will last! That means you're a newbie in gambling and you think you are profiting from a 1 satoshi bet that doubles or increase every time you lose. Good luck, you'll learn the hardway that even 1 btc and just betting 1 satoshi will lose in the end. You misinterpreted what he said. He was talking about rake for the site. Aka profit for the site. He's litterally saying that he'll lose. Yet you're still trying to tell him that he'll lose. Anyways, OT: You can set it up to bet directly to moneypot without any middle-man site between it, send me a message if you need help with it. Other than that it's just an api you can use. gapjustin, word rake comes from poker terminologic. rake = fees what we pay for every hand/bet(in dice terminology is house edge what he takes from every winning bet) every dice game site/platform earns money from house edge, so if we rake more money(wagered more/play more and play more fees) we are simple makeing money for site. and I wanted to say to michkima, that I with that minimal betsize 0.00000001 will make more rake for site in month if i will play 24/7, than recreational player who will play with betsize 0.00000100 but will play only 3 days for 1h in a week. so i that case im more valueable than that recreational player who will play with higher basebets. hope anyone will get it  i was not searching for super mega duper site where my 0.00000001 bets will fly with 50bets/second rate! i was said i searching for similar like bit-exo or betterbets where that betsize rate is 2,5 - 4bets/second. There is no difference still. They will not prefer you over people who bet a lot of bitcoins than you who just bet 1 satoshi per bet. The problem here is you are viewing it at a larger scale which is different from viewing it from a per bet perspective! Each bet will cost something to the gambling site, it may be super small but it cost something to process each bet. Which means, they will prefer the bets with 1btc per bet than a 1 satoshi per bet, because the cost is relatively small to the potential profits compared to a small bet. |
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I gamble most of the time when I am alone.
I only do it because I am bored. Not really because I want to escape worry, trouble, loneliness, grief or loss, those feelings can never be filled by gambling no matter what. If it does solve the problem, it is just something temporary. It is never a healthy way to avoid problems. The best solution to a problem is solve the problem. |
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I think the future of gambling is using cryptocurrencies and it will definitely phase out fiat gambling. Because in fiat gambling it is super hard to deposit, withdraw and other funds management because of the KYC policies of gambling sites. That is totally eliminated by adopting cryptocurrency into gambling sites. It also speeds up transaction in and out of the gambling site, which is good for the casinos and the players.
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I am curious about the casinos owner. they have so much to offer. I think they are more fair than any political party.
No, I don't think so. People that own casinos are just filling the demand for gambling! If they didn't supply it, someone else will for sure. It may feel outright a crime that they are earning so much from the gamblers but it is a fact gamblers must take in because they want to gamble and there is no way they could have gambled without these casino owners. |
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hello, Im searching moneypot dice sites where to play - where:
- bets are fast! even with minbet 1 satoshi!
- if speed increases when betsize increases its very big +++
- minimal/maximum win percentage are 1%/more than 97%+
- ofc house edge is not more than 1%
- and ofc dicebot need to support it.
looking for something like bit-exo(3-4bets per second), betterbets(2.5bets per scond), where 1satoshi betsize speed is more than two bets in one second. (probable with standart scripts where is more than 3-4bets per second)
please don't post your personal/small sites with less than 1 year uptime.
anyone can advise some good site, with that kind of criteries?
Why does it have to be a moneypot gambling site? There are plenty of gambling site that is way better than any on moneypot. Just try yolodice, if you get a VPS which is located in ireland or if you are there already, you can bet 40 bets/second! If that isn't fast enough I don't know what fast means! - Why does it have to be a moneypot gambling site? - after few month when i will get bankroll to play with basebet 10satoshi then ofc i will go to YOLO. but now i can't play so high basebets, and need to find site where 1-9satoshi bets are fast till get faster to the YOLOdice. and i dont wanna cashout my bankroll from moneypot to go somewhere else and pay 1/30 of my bankroll in fees, AND no one site will be faster bets than bit-exo with 1satoshi basebet what is now my primary main site. simple i need to find more sites, for that i can play more than one at time. i better will play 4 sites with 1satoshi basebet, when 1 site, with 4satoshi basebet! (like sample) if you know how i can make bets with 0.00000001 basebet with some kind of VPN on YOLO more than 5bets/sec(then i will immediately leave bit-exo), tell me more about that.The reason why you will not find a lot of these gambling sites is because operating a server costs a lot of money. The more people using super fast betting speeds will mean it will cost more to run the servers since you need a bigger and better server to handle all the requests. If you are just betting 1 sat per bet, for sure it is not something the gambling sites want because they will not profit from you so much money. That is why yolodice has a minimum 10 sats per bet to get the max speed. michkima, you are not so clever, if u think recreational player who will play 3 days a week for 30minutes with basebet 10 satoshi or even 100(with no increasing bets when lose), will make more rake for site, than me if im betting 24/7 with 1 satoshi basebet (but increasing when lose) You are a lot more stupid than I thought. So you are saying that you incease your base bet every time you lose? Then that means you are doing a martin gale system. Let's see how long that will last! That means you're a newbie in gambling and you think you are profiting from a 1 satoshi bet that doubles or increase every time you lose. Good luck, you'll learn the hardway that even 1 btc and just betting 1 satoshi will lose in the end. |
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I think 90% of them don't pay taxes. I haven't seen a gambling site disclose their financial statements and they aren't expecting anyone will care anyway. The only time they will show it probably when someone demanded with authority that they show their finances and do an audit of their site. But generally I don't think anyone will care about it.
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For me it was on a site with plinko. I was running low on funds as in low on funds, probably only 5% of my original deposit. And I hit the highest multiplier so I ended up in profits in the end. Well, that was lucky I guess, but generally I would say that wasn't something I want to be in again in the future. It felt really good but also really caused me a lot of stress at the time.
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