Even some months ago bitcoin'a price was 600$ but it started to rise and everyone sees how it become 1300$, than 1-2 month ago we had a little fall and lowest price was 890$ but than it returned to it's 1200-1300 and continued to rise and rise and we see what we get in result, bitcoin's price is 2750$ currently. This is very high rise and what do you think guys, will we see fall from 2700 to 1000 or even to 600$ ? Can we to forget worries of price fall?
Bitcoin might drop even lower if something bad will happen - failing to solve the scaling problem, worldwide ban by governments, critical bug in code, etc. You should never exclude possibility of crash or general failure of a project. This is why people who invest their money rightfully deserve all their profit - they are taking risks while others are afraid to. |
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Trade.
If your 0.05 btc come 0.10 at the end of the week, then your a good trader.
Afterwhile, change your 0.10 to 0.20.
After 1btc, cash out.
Start back at 0.1 btc.
Rince n repeat.
Trading is a zero sum game, if someone makes profit, it's because the other person is losing. Everyone think that they are very smart and will just sit on exchanges all day and get profit constantly, but in reality everyone have ups and downs, and unless you have insider information, you are in the same spot as others. Newbie traders offer lose because they trade by the book and fall into manipulation of whales. Also, in crypto trading Bitcoin's price and news play a key role in altcoin price movements, and big pumps and dumps can happen within 3-5 minutes. What you described (going from 0.05 to 1 BTC) is a x20 growth, you need to be either very lucky and patient with some long positions, or be a genius and have profit from every trade. |
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I think the reason for such low transaction volume of altcoins is their volatility - it's a serious reason why many merchants don't want to accept Bitcoin, and volatility of altcoins is much higher, even top 10 altcoins can change their value by 20-30% in a day. If we imagine that all prices stopped moving, than people would quickly switch to alts, because Bitcoin transcations right now are slow and very expensive. But this switch might cause similar problems to alternative blockchains, because no one yet seen them under such load as Bitcoin is suffering right now.
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I felt happy to find 2FA in yolo, recently my liqui.io (trading platform) account got hacked so I am enabling 2FA in my all accounts. I also like to recommend all yolodice users to enable 2FA as quickly as possible. It looks like many username and password combination of bitcoin users were compromised.  Did you use the same password in multiple places? I'm frequently getting notifications that someone tries to access my accounts, but so far I wasn't hacked not a single time. But anyway I'll install 2FA asap. Question to YOLOdice: many sites require email confirmation for each withdrawal as additional layer of protection, are you going to implement this feature too? |
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@Bitfort. I did not know you can invest a small amount of bitcoin in a casino investment. How long are you planning on staying with the investment and do you reinvest your profit to compound them?
How do we also know the casino will not run away?
I'm planning to keep it run as long as possible, untill the casinos or bitcoin crash  Actually the profit is compounded ... these numbers are showing current active value (sure I could close it every month and start again, but I wanted to have a nice long charts) There is no guarantee the casino will not run away. I'm saying to myself the casino is proftable bussines (gamblers are and always will be) so why would they ruin it. What casinos would you recommend to be the safest to invest in and how do you do the evaluation to know that they might be the safest. I know they all are a risk but what I am looking for are the ones that are less risky. My favorite is crypto-games due to long time running, their activity on social networks and public cold-storage ... so I have good feeling the operator means it seriously. And the owner, DogecoinMachine, is a very nice person, I've been doing some work for the site multiple times and his communication is one of the best I've encountered in crypto world. This is why cryptogames is one of my most favorite casinos, not only for playing and investing, but also for chatting. YOLOdice seems to be good too, the owners are also very responsive in chat and official thread and investments seem to perform well, plus they feature leverage. |
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I rarely tell people around that I own the so called bitcoin. so nobody asks me about it unless a person, my bitcoin partner. he just reminds me when I sell my bitcoin on price less than $2000.
Telling to other people about bitcoin is in the benefit of you as if they will know about bitcoin and they will know about its increasing benefit then they will invest their money in bitcoin and in this way he will tell to others and the demand will increase and this increasing demand will increase the price of bitcoin. There are advantages and disadvantages when users tell other people about bitcoin, you've said the advantage which is really true, the more people invested in bitcoin, the demand will go higher and the price will do too. But there are disadvantages too, like if there are many people using bitcoin, means that there will be many who will be sending bitcoin, making the transaction more traffic. If more people are using Bitcoin, it means that adoptions is growing and the price will be not only higher, but also more stable, and the problem with transcation speed and fees is already big, so it must be fixed sooner or later. But there are real disadvantages of telling people that you are owning Bitcoins - if it will grow high enough, mainstream media will surely report it and those people to whom you told about Bitcoin will know that you have a lot of money and might want to take advantage of it. So I recommend to keep all your financial operations in private, there's very little benefits in telling about it, and much more risks. |
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no matter where do you live I think that everyone should keep at least 2 bitcoin stored for 80years the most you should is around 20bitcoins only if not like impossible for you. there are plenty of people who already reached that mark and now moving even to much higher targets. have you ever seen a true gambler no matter how much they loose they aren't giving up they will find more effective strategy with each loss
80 years? That's ridiculous, not all people even live to that mark, and if we consider that the minimum age of average bitcoin user it 20 years, than we can set the maximum term of hodling as 30-40 years. It's dumb to save your money until you are very old, money are just a mean to make your life better, and they should be spent while you are able live your life to its fullest - travel, party, buy new stuff, etc. |
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Has anyone successfully done this?
I came close to cashing out with primedice faucet money (150 sat) to cash out (400k sat) today but lost everything due to 1 impulsive bet (340k sat at 1.2x chance).
Faucets exists to test games, play a bit for fun when you don't have money or waiting for deposit to get confirmed, etc. Faucets are not meant for profit, it's not a "free money" because you need to spent a lot of time, time that could have been used 1000 times more productively, like getting educations, searching for jobs. Even is you are so desperate, it's better to earn money with other tasks, like bounty campaigns with Twitter or signatures. |
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I've been gaming it out and I see no way for it to coexist as it is a direct adversary to the global central banking system we exist in. Crypto eventually causes a global run on the banks once we reach a tipping point where average people start demanding crypto over fiat. This triggers a derivatives explosion (1.3 quadrillion dollar market) the global financial system implodes and all fiat debts are erased. What is left is complete chaos all public services go unfunded, pensions evaporate, companies go under due to their fiat assets evaporating. A new order arises but who the fuck knows that that will look like, world war 3 style military actions begin.
I do see government intervention before it goes that far and it will be the draconian kind. They cannot coexist since crypto cannot be centrally controlled , regulated or tracked due to cross chain interactions which are undetectable. I only see one path for them and that is waging war on crypto public chains. Long jail time for hosting or participating, extradition and global cooperation since not cooperating might as well be a declaration of war.
This is still very-very far from happening. In developed countries traditional banking system is used by overwhelming amount of population - I don't know statistics, but lets say it's 95%. Cryptocurrencies on the other hand are barely used by even 0.5%. Most of the interest comes from investors and traders. Average users would need some good reason to drop banks that served them well for generations and adopt crypto instead, while government will be resisting it with all the possible means. And significant part of population actually believes that government is good and necessary, because without it civilization will fall. So crypto revolution is in my opinion only possible with political revolution that has a goal of reducing the influence of government in all fields. |
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Yuanwei: One of the seven writers of the book Bitcoin, has been holding btc for 4 years and never sell one bitcoin. He started to think bitcoin is actually anti-human and a zero-sum in 2016. Fixed amount will cause the 80/20 rule and the rich have no responsibility for the poor. So if Bitcoin becomes the world currency, it will inevitably lead to the polarization of wealth and cause social unrest. http://news.8btc.com/bitcoiner-yuanwei-bitcoin-is-a-good-investment-but-not-a-global-currencyThis is just some crazy socialist bullshit, in their mind "fair" means everyone get equal share and shut their mouths or get sent to concentration camp. And today all the socialists are free to launch their own shitcoin and distribute it however they like, yet we don't see it happening because it simply doesn't work. Bitcoin's was publicly announced from the start, everyone could mine or buy any amount, there were no barriers for the poor. And as for technology itself, it's extremely beneficial for the poor, because they can work globally. Nowdays it's impossible to transfer money between some countries without giant fees up to 20-30% or higher, but with BTC everyone will become equal in terms of acess to financial system. |
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What mechanism secure your investment, i mean if they can run away with funds, then you do not have security at all? This big money you have invested, i do not have stomach for this kind of business, maybe with smaller funds. Actually looks too good this scare me most.
There is no security, every investment comes with a risk, and the reward for risk is profit. Bitcoin casinos on average return 2-3% per month nowdays, which is very decent because of relative safety. With fiat currencies this would be considered a very good rate of growth. Casino investments are the safest type of investment in Bitcoin world, so people easily invest dozens of Bitcoins. |
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So a couple of days ago, in a bloggers group on facebook; a guy asked what is bitcoin? And I was quite amazed to see that many people start commenting and saying stay away for bitcoin, its black currency, under world currency, or dark web currency and stuff like that.
Obviously the people who were saying this didn't know about bitcoin and have probably heard the same from someone else, but this is the perception of many around us.
What can be done to change this? Make BTC more user friendly? More appealing to general public?
There are many reasons why you have witnessed seemingly overwhelming negative comments about Bitcoin - it can be explained by the population of users who visit that groups, some groups of people are more likely to hate Bitcoin while others (like anarcho-capitalists, for example) may almost universally love it. Also, people might be just reacting to the recent wave of ransomware attacks. Views are generally formed by media, and all the positive news about BTC are posted in economic sections, while bad news (ransomware, drugs, other crimes) are posted in general sections, so it's broadcasted to more people. |
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Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.
Paper money might get replaced by some other physical form of money in the future (metal again or some new material), but physical money will never disapper, simply because it's impossible to digitalize literally everything, and there always must be a backup currency to make transactions in case of problems with the Internet/electricity/computer devices. Every form of money has it's own benefits and weaknesses and it's important to understand them to not get into some bad situation when you can't make any payments for some reason. |
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Here's a very detailed article that will answer all or most of your questions https://thebitcoinstrip.com/blog/investing-in-bitcoin-casinos.htmlAnd remember: you don't have to put all your money in one place, you can invest in multiple casinos to reduce the risks, and you can even invest in altcoins in some places if you like their volatility. |
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What if you invest in yourself ? Or a business you know ? Bitcoin investments dont really exist because bitcoin is so volatile I guess.
You can count altcoins as investments too. Gambling is much better then HYIP though.
First, lets define "Bitcoin investments". In my mind it means "giving your bitcoins to someone with intent of getting more bitcoins later". There are many scams that offer this type of deal - hyips, cloud mining, ponzi schemes, scammy ICO's, etc. But there are also legit ways of investing - casino bankrolls and trading for example. But there's more! Here's the board called "Securities": https://bitcointalk.org/index.php?board=78.0There are many different opportunities for investing there, and some of them are scams, so you should be very-very careful and never invest more than you can afford to lose. |
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It keeps popping up: invested coins count as "balance" for faucet purposes. It protects agains the following: open investment (balance is zero) & claim faucet & close investment & open investment (balance is zero again) & claim faucet.... This way you could systematically claim faucet available to you.
I keep thinking how to solve this. I think it would be really cool to allow investors to use the faucet to play a bit. Just judging from how the faucet is currently being used and how creative some players are finding ways to empty it, the simplest solution might not be the best one.
If you have any ideas - tell me!
Option 1 - Lock investments for X hours - usually it's 12-24 on other sites. Option 2 - add a divest fee that changes with time - for example 5% in 24 hours, 2.5% in 7 days, 0% in 21 days No way. I think using investor's money as hostages is a bad idea. If any site is doing this, I would stay away from it. And about the divest fees idea? It works well... This way your prevent gamblers to cheat your casino. Each new day the divest fee decreases more and more, after a week or more the divest fee becomes zero (free). I don't see it as a money "kidnap", who wants to invest for real will let the money invested for at least few weeks, so they won't complain about it.  Why would anyone give a divest fee for their own money? We provide freedom to users as they can divest/invest anytime they wants to without any fee. Adding fee to divest option...... how will that prevent gamblers to cheat? It prevents people from abusing faucet. Like ethan said, someone can claim faucet, invest it, withdraw and repeat. Some people are desperate enough to sit all day milking faucets, and casino faucets are much bigger than classic faucet sites, so owners should monitor faucet activity and develop protection mechanism against such abuse. Here's another idea - faucet just gets locked for some time (6-12 hours for example) after making investment. This way investors will not be affected and most other users too. |
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Hey.
I was just wondering to myself, do you guys believe that online casinos are totally legit, or do you also believe that some of them are rigging outcomes.
One of the reason I prefer to bet on sports and not on dice games or at online casinos is that I can't actually know if the casino is paying me as they should, or they tell me that I lost while I was supposed to be a winner.
Does the small house edge(compared to sports betting) worth the chance of the casino rigging the outcomes, making you lose sometimes while you were supposed to be the winner?
Well if we don\t have any proof from the gambling casino we are still treat them as provably fair.. You are wrong, no one has to threat them in the same way. If casino in not provably fair, than it becomes a matter of individual trust. Everyone can threat them as they like, I personally would stay away from such site, because there are no reasons to not implement provable fairness. They shouldn't be accused of cheating right away, but players must be informed whether the site is provably fair or not. |
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For me 10 BTC is quite a big amount of money at this price. Lets say I roll and:
A. Win. Now I got +2 BTC, which is good, but not fantastic.
B. Lose. Now I have nothing, and having nothing really sucks. Now I have to work a lot of time to get back those 8 BTC.
It's really not wise to go all in when you are in a situation when losing will hurt you much more than winning. If you have 10 000 BTC, than sure, go ahead to do some crazy highrolling, but if you are poor, than don't seek profit from gambling, because gambling is entertainment and not a source of income.
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Nobody is considering any altcoin... nobody
most people are into bitcoin because of the potential riches. there are more potential riches with alts, doesn't matter how crappy they are. don't underestimate greed. it's underpinning the whole thing. obviously most of them are inferior in most ways. people don't care when they want more dollars. "obviously most of them are inferior in most ways.." Not true bitcoin is the most simple coin out there. Proof that its success is not base on its tech. That tech exists mostly on paper. It's not ready to use and no one know when it will be ready. Remember fiasco with the DAO? This is what you get when you try too hard to "kill" Bitcoin. Bitcoin is already used as a currency by millions of people, alts are used only for speculation. |
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First, it depend on what do you mean by money. If you mean fiat, then you can simple wait, Bitcoin has doubled in value in a last few month and will double again, sooner or later. Maybe in a few month again, maybe in a few years.
If you want to double your Bitcoins, you have to understand that Risk, Reward and Time are tied together. If you want to grow your Bitcoins with low risk, you'll have to wait a lot of time. If you invest your Bitcoins into casino(s) you'll have to wait approximately 2 years to see them double. If you will chose trading, you can double in a few days or weeks, but you might also lose a significant portion of your bitcoins instead. If you will chose gambling, hyips, ICO's, you are very likely to lose your coins and never see them again.
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