I just lost my $50 while gambling! I want to get it back. How can I earn back my money? I really need it. Also I don't know if this is supposed to be posted here or not so sorry if it is not.
Every newbie's mistake is gambling money that isn't supposed to be gambled with. That is your own mistake and you have to take responsibility for your own actions, you can't just say you lost in gambling and tell people to help you. No one will help you about this, because that is your own fault. It would be best just to move on and try to earn your money back and avoid gambling money you can't afford to lose. |
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Pretty good guide. This will be a nice sticky actually. This could prevent a lot of newbies losing money the first time they gamble in any gambling site.
I just disagree with the bonuses. Most bonuses on any gambling site, be it a casino or sports book, are all just honey pots. They entice people to deposit
or play more, but actually it is next to impossible to follow their terms.
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20 hours has passed,while my btc in bittrex still stays in pending deposit.
i transfered btc last night,how long will it be available in my wallet?
i am really confused by this site!
Uhm, bittrex doesn't really control the deposits done by their customers. It depends on how you deposited into your account. If you deposited BTC and you placed a low fee then that would take a lot of time to see that deposit go into your account. Maybe you should share about your deposit, like how you did it (is it btc or any other method). If it is Btc share the TX ID. |
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Hi bitcointalkers,
Can domain names be bought with bitcoin or any other cryptocurrency?
Yes there is, just try to google it and for sure you will stumble upon some of them. There are plenty of online sites nowadays that accept bitcoins as payment. If you want to use the big ones like godaddy or namecheap then you can always get a bitcoin debit card with visa or mastercard, that's easy to do too. |
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i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
It really depends on where you live. If you live in a place where the climate is a cold (not freezing) and the price of electricity is one of the lowest in the world, then you have a chance at mining. If not, don't even bother, your profits will get eaten up by the cost of running a miner. It's better to just buy bitcoins and just watch the price go up. |
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You can pay with Bitcoin in several stores and even restaurants here in Germany. Are we the only one who have this?  Guess so. I don't think even the US has any restaurants or stores that accept bitcoins. There is a chance that they have stores accepting bitcoins, but I don't think it would be a lot. Though there are a lot of online services and stores that accept bitcoins. For example, Dell USA's online store accepts bitcoins. |
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Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?
Ok, Let's look at how central banks do this. They allow for reckless banking practices to happen < The financial crisis of 2007–2008 > and then they jump in with massive bail-outs with tax payers money to save these banks. How was this beneficial to ordinary citizens? Bitcoin will never replace governments, but it might serve as a alternative when their currencies and policies fails. People are already using Bitcoin as a safe haven/hedge against bad political decision making. < Venezuela > Guess that is indeed the case. But really, banks are still important in this world since they play a big role in how finance work. Money cannot be concentrated in every single person, some people need the money while others don't. Those people that don't need the cash right now would need a place to store it and have it loan to other people who need money right now. That is the business of banks and it is necessary. |
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To start,
1. Where do you buy your bitcoin from
2. What exchanges do you use
3. When you buy alt coins and profit, do you convert back to btc? Because what if your profit from alt coins and convert it to bitcoins but bitcoins is low, doesn't that defeat your alt coin profit?
4. Do you convert from bitcoin to usd to withdraw? If so where do you withdraw and which method do you use.
Oh and this sounds like fees over fees.
First you buy bitcoins for fee. Then transfer them to a exchange for a fee. Then trading on that exchange is a fee. Then transferring it another place to withdraw, then the actual withdraw fee.
1. I buy it from a local exchange where it is convenient to buy and sell. I also use localbitcoins from time to time. 2. I use poloniex, bittrex, yobit, kraken, etc. depends on where the altcoin I am looking at is cheaper or more expensive 3. Uhh, you can't profit unless you convert it back to BTC. :/ 4. Uhh, you cannot withdraw your money if it is not fiat. You cannot cash out bitcoins as a physical bitcoin. :/ Fees are fees, you have to deal with it. That is why if you are trading you need to take those into account. |
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I would say in cryptocurrencies atleast 5% a month is possible and 10% a month is not hard to do, then 20% is a good income already. Since I started using cryptocurrencies, just having bitcoins made me a profit of 100% per year and more depending on the increase. Pretty good profits to be honest, if only I started a lot earlier.
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I don't think most of the casinos that accept crypto are willing to support Bcash. I suggested it be accepted at Bitdice and the owner expressed his view on why it would be better not to support it. Apparently the reason is political and that what should we be doing is support the one and original Bitcoin. To which I respect and something I would tend to agree with.
And the conclusion is bitcoin cash just a new altcoin born from the bitcoin fork. Reasonable enough to not accept bitcoin cash because besides political reason it is because the network is unstable. The bitcoin cash could disappeared and casino owner won't take that risk at least for now. How do you say it will just disappear? There are a lot of miners already mining bitcoin cash and their network is already speeding up. Also there are a lot of people trading this and have stakes over bitcoin cash and for sure they will see to it that it does not just disappear. Though, the issue here is the prices. Until when will it be this level and not go down. |
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I think that the worst mistake to do when you gamble is trying to make big profits in short period of time. Wining in gamble comes with smart moves and waiting for the perfect moment to strike. Being greedy will only lead to one result; an empty bankroll.
To be greedy is always bad, no matter in gambling or in other field, but with gambling you see the effect immediately. I consider gambling a good teacher in that regard, you can learn great lessons from your mistakes in gambling. Yeah, gambling always give the gamblers lesson and also in gambling we did a lot of worst mistakes and sometime we learn and many time we don't learn. But it is other matter. Sure in gambling we lose because of greediness, in gambling we all have high greedy and hard to control it, even we try it but sure our worst mistake is coming when we cross our limit and get lose in gambling. Setting a limit is very importan, I agree. This limit shouldn't be over the amounht that you can afford to lose in one day and after you lose it, you shouldn't deposit on a gambling site again in the same day. Thus you'll be safe and you can gamble to your pleasure. Set a limit and stop after lost it all or hit the target profit will be so hard to follow at first. But we have to force it in the hope soon or later we will be familiar with such method and can enjoy the game without the need to worry about the bad result that may occur at the end. Sometimes it is easier said than done. Since whenever you gamble emotions kick in and you get angry and try to deposit more and chase your losses. I think aside from limiting your deposits, a gambler must master his own self. Like learn how to control emotions and practicing patience. I think that is the only way to not lose in gambling. |
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Is it possible to earn by playing game ? especially related to bitcoin
I think the title of the thread is not appropriate with your question, by the way Of course you can earn cryptocurrencies here by playing games because there are so many platforms that offer crypto based games and this is a billion dollar industry. The only requirements you should have is discipline, some cash, experience and knowledge on the particular game that you want to play. I think OP is thinking about gambling money in gambling games to profit. If that is the case, like I said, it is not possible. Though you can try making something out of the faucet money. Though most of the time gambling sites have levels now. You need to increase your level so that you get more faucet each claim. That will take years before you make enough profits there. Just, work in mcdonalds you are better off. |
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As much as you have, you can use all your bitcoin
Because martingale strategy need much balance to get profit
Not only need big balance you should have big luck
Or you will lose all your balance with this strategy
If you use all your bitcoins in martingale method then mostly you will lose all your bitcoins in one go for sure because in this method no one can tell you how many continuous losses you can get while playing so you should have the unlimited bankroll for that to happen otherwise you will mostly lose all your bankroll. Don't waste your money in experimenting such a dangerous method. Just play with a small bankroll and check your luck. Yeah it is a waste of time. It is quite better to just bet your money on 50% and all in it than doing martin gale. Doing an all in is quite just the same as doing a martin gale on your whole amount. It is quicker and a possibly more profitable than just martin gale-ing it. |
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If you're lucky never try trading and enjoy your big profit as a gambler, but if you're not ! you better have to start learning and studying about trading !
You explain very well, but how we recognize that we are lucky or not? So better to do both of them, because now bitcoin give us change to do trading and also gambling. But gambling mostly suit for owners of the casinos, because they could earn but as a gamble we face many time lose. Then in this way, trading has another way, where we learn first time and every time we could earn from trading with a less lose. Yes we will never know whether we are lucky or Not if we do not try it. Therefore we just try both. After a while, we see and feel the results, which one is better for us? If trading, do trading, if Gambling, do gambling. Let us get a dive a little deeper into this topic. Trading is less risky than gambling. Gambling is a pure luck. Traders do analysis and come up with strategies. Trading has given long term profits to countless people while gambling has proved to be good for very few people. Trading is a respected profession where you really earn success on the basis of patience, skill and hard work but gambling is an entire different story. Moreover it is time saving to choose the right option than trying out all the options. Actually there is still a lot of similarities why gambling and trading has always been compared. There are professional gamblers by the way, since you argued that traders are a profession. Trading also relies on luck. Sometimes you buy coins that suddenly pumps because a whale suddenly decided to buy a lot of it. Gambling may use strategies too, if you are playing poker or sports betting, there are plenty of strategies there. |
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I just want to ask how would you know if a person is suffering from gambling addiction. Can you guys tell me the signs of it?
You become addicted to gambling when you start to steadfast to gambling. Like all other addicted to become abnormally devoted to gambling. You think about gambling each and every hour - nonstop. You will want to gamble even if you can't afford it. You start gambling my any means like taking loans off people and gambling with their money. I guess I have experienced that before. I was thinking of gambling everyday, even when I'm at the office and searching different strategies on Youtube. And even when I'm chatting with someone, we will talk about gambling everytime. There was even a time that I will call the office and telling that I can't come to work. But I will just making an excuse and will play all day in a casino. But I now, I'm a different person, don't gamble a lot but instead focus on better things in like like my job and family and business. Lucky for me I was able to get out early and turn around my life for good. I had that gambling bug before too. It was crazy! I just keep on searching for strategies too on how to defeat the casinos. Though, alas, I never found anything that truly won as a strategy that will win me some money. In the end I just ended up losing money to gambling. It woke me up and I realize it was not healthy and that there is really no way I can profit from gambling itself. |
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Just want to remind everyone. We reached another Bitcoin ATH today, it won't be long before every faucet will be adjusted accordingly.
I expect that soon faucet rewards will be limited to 50 satoshis per claim or even less.
Even currently I find it hard to try to play with faucets with a hope you will make enough BTC to be able to withdraw your prize.
I think that most faucets will be removed completely. In the past whenever Bitcoin hit a new high the faucets were little changed. The reason why they are getting reduced or eliminated is due to abuse. Surprising during the last few Bitcoin bubbles there weren't the same abuses as there are now. Most likely its one individual or group of individuals that abuses all these dice sites for their free faucets. I don't know about them getting removed because of the prices, I really doubt that Crypto-Games is going to remove their faucet. People still need to level up to get high faucet claims, which is partially based on how much they've wagered in BTC. The regular faucets without any casino attached will probably disappear, I doubt that their income from advertisements covers their costs. Yes, it's not easy to upgrade the faucet there, you need to wage many Bitcoins, you need to login for many days, you need to invest many Bitcoins, receive comission from referrals... I personally think the hardest part is to earn comission from referrals. But I think someday they will reduce the faucet rewards, because BTC price will increase too much. Basically if you think back to 2009-2010 when Bitcoin was completely useless, the core devs wanted to make it useful and they started website where you could get some BTC from a faucet. I remember there was one that get you like 1 BTC per day per IP address. All you had to do was use a proxy or just reboot your ISP to get a new IP and you could get another 1 BTC from the faucet. This was when BTC had a value of like 1500 BTC per $1 or so. Then when dice sites came up they wanted a similiar idea and it just grew in popularity, however they didn't expect BTC to go up so fast that it would lead to faucets abuse. This wasn't an issue in 2009 because the value was very low or worthless. So that's why many sites still have faucets to keep up with the Bitcoin tradition however most will remove it and replace it with play demo money instead. Well back in 2009-2010 the prices of bitcoins were shit too. So what you got from the faucets were actually still proportionate to what you have today. However, if you had done so much faucets back then, then you are a millionaire today. Well, at that point in time there is no one really buying bitcoins or even care about it. Faucets on gambling sites are made so that people get hooked into the games and try to deposit real money to play with. That is what it is, plain and simple. |
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I'm a bit bias here, but it will always be fortune jack. Though I would say that even if I did not endorse them, they have been my favorite site since I started gambling with bitcoins. I had never had an issue with them and their name is so clean. There is no scam accusation against them, any problems that arose they solved immediately and gracefully.
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They both have a splash screen that blocks the page from being viewed. If I swipe up or down I can see the real page scrolling behind it. The only happens for me on my iPhone. Multiple PCs work fine. Loading the desktop version doesn't help.
Thanks
Maybe try chrome browser for iOS. or maybe try the request desktop site button. I've never tried bitsler on iOS but on android it work pretty fine. |
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I know that the martingale system could only win if an infinite amount is available and an infinitely high amount is likely to be placed and Casinos are protected against martingale.
Nevertheless, it would be interesting for theory to calculate the amount in relation to the highest known loss sequence.
Example:
Game: Dice Game
Minimum bet: 1 Satoshi
Maximum bet: no limit.
Highest known loss sequence on dice game: ?
Necessary maximum amount for theoretical safe gain: ?
Theoretically you need unlimited amounts of bitcoins to profit from a martin gale system in the long run. A martin gale system assumes that you can cover the next bet each time you lose. Just to illustrate at your 1 satoshi bet you would only need to lose a straight 30 times and you bet is already at 10 BTC. Using a standard martin gale, that would mean you bet 10 BTC to just get back that 1 satoshi. |
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I used to hate slots and was so fond of dice, poker and blackjack. But after sometime I gone bored on them and tried slot. At first I did not appreciate that much but as I played it, i find it entertaining and interesting. With lots of slot games lurking the internet and with online casino giving promotion on them, slot is now one of my favorite game when I play in an online casino.
I never liked slots, it's sometimes too complicated and sometime the mechanism for the jackpot is too hard to hit. I still love dice and blackjack. I, however, agree that it sometimes gets boring and it is so repetitive. I don't want to play slots though. Maybe I'll try those weird new games like the crash game or rock paper scissors. |
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