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8461  Economy / Gambling discussion / Re: What gambling method are you using for Dice? on: December 21, 2016, 11:59:33 AM
i have been playing dice for a very long time and all this time i have been trying so many different gambling strategies.

1) martingale strategy (the common way)
the normal/common way of using the 2x multiplier and increasing the bet size 100% on lose.

2) martingale strategy with different multiplier
the same thing but with different multipliers hence different increase on lose.

3) Anti-Martingale
also known as reverse martingale. which is the same thing as martingale but you reduce the bet on loss and increase on win.

4) Random bets
whenever i am tired or just want to have some fun i make random bets. i choose some random amount, multiplier and click roll and this is actually pretty interesting strategy because the outcome always surprises me.

5) if you have any other strategy please share it here with us.

Edit: i am not talking about a dice method for 100% win rate! that would be absurd. i am asking which method you like better, and enjoy using or have better results.

The martingale method and all it`s twists never works.

I don`t know why do you suggest it.

I place random bets and depend on my intuition.
8462  Bitcoin / Bitcoin Discussion / Re: Your pain and problems in the bitcoin world on: December 21, 2016, 11:57:00 AM
I would like to know what is your pain and the problems that you face the most with the bitcoin technology?

For myself, when I started was how to send and receive bitcoins. Also, took me a long time to understand the value and the difference between the Satoshi and Bitcoins.

For me the biggest problem is the risk involved with buying and selling bitcoins for fiat.

There is always a fear that the other guy will chargeback and you get scammed.
8463  Bitcoin / Bitcoin Discussion / Re: China Bitcoin ransomware report- 11.9% victim pay to recover their files on: December 21, 2016, 11:54:39 AM
Qihu 360, the leading IT company in China, releases an annual report on the development of ransomware in China and predicts 10 times growth of potential victims or 50 million in 2017.



http://news.8btc.com/chinese-bitcoin-ransomware-report-11-9-victim-pay-to-recover-their-files

I know that bitcoin payments are irreversible, but there should be a way to refund those nasty

ransom payments.This creates a bad reputation for bitcoin.
8464  Economy / Trading Discussion / Re: LONG TERM BITCOIN BUYERS on: December 21, 2016, 11:50:50 AM
In traditional investments, long term is most often considered to be a minimum of 5 years. But bitcoin seems to live its life in hyper drive, hence the question to the bitcoin world, what is long term to the average bitcoin investor?

For me the long term bitcoin investor holds his bitcoins for more than 1 year.

It depends of the  bitcoin price,not the time people are holding their bitcoins.
8465  Economy / Gambling discussion / Re: Do you feel shameful for being a gambler? on: December 21, 2016, 07:12:39 AM
Go guys!
In many cultures and countries is gambling consider as a bad thing which only the poorest and silliest ones do. Many gamblers try to hide that they gamble from their friends and families and feel really shameful for that. Do you consisted gambling as a bad thing? Do you feel shameful or proud for being a gambler? If it is shame what you feel what do you about it? How do you hide you're a gambler and who do you hide it from?
Let others know!

If i gamble with my own money-no.

If i had to borrow money from someone to gamble-definitely yes.

But i will never borrow money to gamble,so it`s ok.
8466  Bitcoin / Bitcoin Discussion / Re: BitCoin Proof on: December 21, 2016, 07:09:43 AM
Is wallet the only proof one has of his bitcoin?
Can it be owned or kept in any other way? Like in literal or real rather than currently available only virtual way?
So all the bitcoin one owns is actually the wallet/s he has?

No,bitcoin can be printed.You don`t always need a wallet.

Why are you asking such question?

If you ask me,i don`t want to keep btc on my PC.I can lose them if the PC gets broken. Sad
8467  Bitcoin / Bitcoin Discussion / Re: somone steal btc from my wallet on: December 21, 2016, 07:06:29 AM
hello guys how are you
i received a sms today that said 0.01 btc sent from your wallet
i check my btc address after that i see to transafer from my wallet to this address:
1bMbxGMqzeDdC9yBz9Sj3Rofb2ghcTfRt

what should i do now?

If you are using an online wallet,contact the customer support.

What wallet are you using?

Scan your PC or whatever device you are using for malware.You can use Malwarbytes or some anti-virus.
8468  Bitcoin / Bitcoin Discussion / Re: Bitcoin implants? on: December 21, 2016, 07:03:54 AM
I'm not sure if this has ever been implemented yet, but can you imagine a way of paying with Bitcoin by just using your own body?

It would be more of like a microchip implanted into your left or right hand that would contain both your public and private keys to send and receive Bitcoins.

So in case you want to send or receive some BTC, you would just pass your hand over at a scanner and it would perform the desired operation. This is would make it a very convenient and easy way to transact, and carry your Bitcoins with you anytime, anywhere. However, the only thing to be considered would be the security of your private key from within your implant, to protect your funds from theft.

Nevertheless, I want to know your opinion about this, since it would be pretty cool to have such a system to help spread mass adoption of the cryptocurrency.  Smiley

And the criminals will cut your hand to steal the microchip. Grin Just kidding.

This idea is too futuristic and it`s pointless to implement this nowadays.
8469  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin still suited to low amount transactions? on: December 21, 2016, 07:01:27 AM
Hi,

I have tried to send 10m BTC to a friend 1:30 ago and it has not been confirmed yet! When I check Blockchain.info, the transaction is not there yet and I see hundreds of transactions per minute appearing there. Considering that miners will choose highest fee transactions first, low amount transactions will starve for confirmation... I have chosen the fee recommended  by the satoshi client and it says that it is probable to be confirmed in the next 25 blocks (250 minutes!). It seems that there is bid of fees and high amount transactions are more keen to pay a higher fee. Therefore, I believe that that speech of no transaction cost with bitcoin has become a fairy tale...


Status: 0/unconfirmed, in memory pool, broadcast through 7 node(s)

Date: 20/12/2016 16:01
To: Murillo 1Bf1gRLpshMxEZXH6Xw6FVRWX6Zcz8BJi4
Debit: -0.01000000 BTC
Transaction fee: -0.00009840 BTC
Net amount: -0.01009840 BTC
Transaction ID: 3493f7390da8e225a44ded54c413f6c0ced3ec3d566b89c0b3e463928f4ca1aa
Output index: 0

What`s the point of sending very low amount of btc to someone,like a few satoshis.

It`s pointless.It`s normal for the miners to focus on high fee transactions first.

Nobody said that bitcoin is a "no transaction cost" currency.

Every payment system needs transaction fees in order to work.
8470  Bitcoin / Bitcoin Discussion / Re: Is this true or a speculation on: December 20, 2016, 11:34:39 AM
Somewhere while surfing I read popular sites often makes less known sites use the money to pay first then scam and then continue on the popular sites. Could this also be happening in the Bitcoin industry. Start a roll dice or casino, open a hyip and then hyip goes scam and front site continues, no one comes to know. Or this is purely speculation, none of this happens?

This is a pretty old school scam method and scammers still use it to cheat. Sad

I don`t know about popular bitcoin casinos and dice sites which use this trick.

Maybe because of the small btc community sooner or later the scammer will be revealed.
8471  Economy / Trading Discussion / Re: What's so bad about accepting paypal payments for bitcoin on: December 20, 2016, 11:29:27 AM
So everyone says it's such a bad idea to accept paypal payments for bitcoin since charge backs are so easily done. But how is this not a major problem for every other product?

If you are selling cellphones or anything for that matter, why are you not all paranoid about accepting credit/debit card payments? But as soon as bitcoin is being sold everyone warns countless times to not accept a credit/debit card? I don't get it Huh    

edit:
To answer all the people saying they can file a claim with paypal for item not received, you can always agree with the buyer to ship an empty envelope and tell paypal that it's a gift card so paypal can see a tracking number but you and the buyer are really exchanging bitcoin without paypal knowing. 

It`s bad becasue of the number of the scammers who cheat people.

Using Paypal for selling goods and services is OK with the paypal rules.

Using paypal to exchange currencies isn`t OK with their rules.That`s why it`s a major problem.
8472  Economy / Gambling discussion / Re: Dice Games Are So Much Fun on: December 20, 2016, 11:25:05 AM
I am getting the hang of them more and more, and it's so hard not to bet everything away, LOL! My fav is freebitco.in though. Gosh... I have 20k sat there from the faucet, and all I want to do is use it all for betting, ha!

I am not addicted; the 20k is still there, but wow... I have an itch to scratch for sure.

I prefer the freebitco.in lottery rather than the dice game.

Dice games are a little bit boring for me.And i always loose at the end. Sad
8473  Economy / Gambling discussion / Re: Is there a trick dice? on: December 20, 2016, 11:23:00 AM
I have a lot of tricks bitsler. and just last night I get a new trick? here and give it a try has been getting a lot of doge. Do you believe the trick? and until when these tricks can be used https://www.youtube.com/watch?v=U1bMVOKFTPM

If there were working tricks to profit big from dice sites,most of them should have bankrupted so far.

Are those youtube videos created by you,or by someone else?
8474  Economy / Gambling discussion / Re: If bitcoin prices rise up to $100,000, will you still gamble using bitcoins? on: December 20, 2016, 11:19:54 AM
When that time comes that the price of bitcoins will be $100,000 will you still gamble in casinos and sports books?

If the price of bitcoin is $100,000

0.001BTC/1mBTC/100,000Satoshi = $100
0.0001BTC/0.1mBTC/10,000Satoshi = $10
0.00001BTC/0.01mBTC/1,000Satoshi = $1

1 Satoshi = $0.001

Yes,off course.I would still gamble using satoshis.

That`s why bitcoin is so convenient for gambling purposes.

Why are you asking this question?
8475  Economy / Economics / Re: How a cashless society could kill Bitcoin. on: December 20, 2016, 07:07:38 AM
If the government came out today and declared that Bitcoin cannot be accepted as legal tender for purchases, I believe Bitcoin would find a way. It would find a way only because of the anonymity that today's cash affords people. Cash is the lovely bridge that people use in turning their Bitcoins into value.

Tomorrow though, when there is no longer cash and the only form of payment is electronic, and where all electronic payments are handled by auditable pools of companies, what will happen?

If you want to look how that might look in the future, look at a company that already functions are entirely electronic payments.
Take a look at Amazon: If Amazon was ordered not to accept Bitcoin, and cash no longer existed in the world, how would one be able to use Bitcoin to purchase things on Amazon?

In order for Bitcoin to work in a world that is hostile against it, it needs the anonymity of cash. What happens when that goes away?
Would love to hear anyone's thoughts on this dilemma I've been having.

You are right,but a the cashless society is just a dream.

A cashless society will be a way for the goverment to take full control over our money and our lives.

Bitcoin is an alternative to fiat money,but also an alternative to this idea.
8476  Economy / Economics / Re: Reason why you should Buy bitcoin now on: December 20, 2016, 07:03:49 AM
So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.

These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.

In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.


I don`t believe that banks will adopt blockchain.

About buying bitcoin,i think that the btc price will go down after the end of December.

For Christmas the btc price always goes up for a short period of time.
8477  Economy / Service Discussion / Re: Renting Hash Power, is it profitable? on: December 20, 2016, 07:00:53 AM
Well, I rent hash power on nicehash and I spend 0.01 btc. after spending all of it, I only got 0.0004 in return. is renting hash power profitable? then why many people still renting hash power on them. am I doing something wrong?

Are you talking about cloud mining?

No,it`s not profitable.It`s a scam.Just don`t do it.

I don`t know why people still fall into this scam.
8478  Economy / Trading Discussion / Re: Are You Disappointed In Trading? on: December 18, 2016, 07:05:15 AM
“One of the keys to a trader’s success was not the results of a trade but rather how a trader reacted to the results of a trade.” – Dan Gamza

Why me? Why did this happen to me? Those are some of the questions that disturb losing traders. After a series of losses, some of them develop hatred for trading. Suffering that results from negative trades, drawdowns and margin calls can make people easily disappointed in trading.

Nonetheless, no matter how bad your trading is, it could’ve been worse. No matter how bad things are, there are still some reasons to be thankful, if you can think deep.

There are events that move the markets and which professionals focus on. These events often are filled with uncertainties, bringing profits and losses to people. Just some months ago, Greece was a hot topic, and speculators were mulling opening positions on the seemingly overextended markets, but some had serious misgivings. At times, the stakes may be higher than the rewards.

There Is Really Nothing Like Losses

There is really nothing like losses, for what brings losses to some people is what brings profits to others. The market moves up or down – not losing up or down. When you buy EURUSD and it goes up, you win (but a seller will lose). When you sell AUDJPY and it goes up, you lose (but a buyer will win). When you enter a direction in the market and it moves seriously in your favor, all those who go in that direction will make money, provided there are no wide differences in their entry prices.

What you call losses is what brings profits to some people. What you call profits is what brings losses to some people.

People Don’t Learn Their Lessons

Despite well-meaning efforts to solve the problem of loss, there are millions of traders around the world who’re still losing because of dangerous trading habits. People don’t learn their lessons.

During a funeral process, many attendees will be remorseful, thinking about the brevity of life and futility of wickedness, anxiety, love of money and so on. But once the funeral is done, you’ll see many of those attendees living their lives as if they’d not die again.

Too many traders lost in the past because they didn’t use stop loss on live and simulated accounts. When they come back to trading, you’ll see them using the same trading approaches that led to their downfall the last time, namely, high lot sizes and no stop loss. People don’t learn their lessons.

Traders who test new trading ideas on demos don’t use stops; and I wonder how that idea can survive on live accounts in the long haul, because they may apply it to a demo account once they’ve been lucky enough to gather some gains.

A Way Out?
After many years of grappling with the markets, traders who complained in the past may later show their gratitude; and for the fact that the markets cannot be blamed for what happen to them (though we may feel disappointed sometimes). There are days when they become sad, and they complain when they think of their seeming helplessness. Nonetheless, they’d have come to understand that the markets don’t set out to punish individuals.

Interacting with good traders as well as reading about super successful ones would’ve made them stronger psychologically and kept their spirits up.

Reflecting on a possibility of a risk-free trading approach reassures those who’re currently losing. Good trading coaches care about them, knowing full well that the end of their struggles is in sight. Focusing on such hope can give a trader the fortitude to endure certain negativity now.

Conclusion: Are you disappointed in trading? Well those who currently make loads of money from trading were once disappointed at some time in their careers. Those whose marriage is now successful were at one time, frustrated by their spouse. But these people, for example, profitable traders (as well as happily married persons), looked for solutions to their problems and apply those solutions faithfully. That doesn’t mean they’re luckier or better than others: that means they’re able to overcome the causes of frustrations and disappointment in their careers.

This article is ended with the quote below:

“Markets are people. So beating them asks for insight in what they are doing. And, perhaps more importantly, how they feel, because that will direct their future actions and, in the end, what markets will do.” – Dirk Vandycke


Very helpfull article although i hate to read long text. Grin

It`s wrong to put emotions into trading,the frustration can make things even worse.
8479  Bitcoin / Bitcoin Discussion / Re: How the federal reserve will react to the bitcoin growth ? on: December 18, 2016, 07:00:49 AM
Hi, i believe the bitcoin will be the currency of the future
and it's a threat to the federal reserve
but they are not going to just watch their system collapse of course
how do you think the federal reserve will react ?

Bitcoin is still too small and the federal reserve doesn`t care about btc right now.

If they see it as a threat,they will destroy btc very fast.The federal reserve and the government have the

power to do it.
8480  Economy / Speculation / Re: Bitcoin on autopilot mode on: December 18, 2016, 06:58:14 AM
Just sit back and relax fellas.

Bitcoin just snapped into awesome mode.

Nothing can stop it now.

Watch all other currencies sink and die a miserable death while Bitcoin soars to all time highs in the near future.

Bitcoin = 1
The rest = 0

Is this sarcasm?What do you mean by "autopilot mode"?

What other currencies?Altcoins or fiat money?Fiat money won`t die soon(unfortunately).
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