Every investment is risky and risk gets even higher when you are looking to invest your bitcoins in any online sites as its impossible to fine legit place to invest your bitcoins so to keep things simple I will prefer to invest my bitcoins in different altcoins that have higher volume.
yes every investment is risky but i think still there are so many online shops where you can invest you without any doubt as they are too much safe. as there are so many good potential alt coin where people are investing money and they do not worry about their investment as they consider their investment more safe and secure. it's better not to invest in online sites let alone on behalf of miner because most of them are scam. investment in ico is also good but it's recommended to be more observant to see a good ico. I think trading altcoins is better than investing in ICO's - they often turn into scams, or fail for some reasons, sometimes you need to wait months to see any profit. If you want to get fresh coin, you can just buy as soon as it hits exchanges. ICO's have too many risks with no significant reward - established altcoins have enough volatility and many of them showed brilliant performance recently. |
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Not all investments results in profit, Some investment like fixed deposit and treasury bill will definitely result in a profit but stocks investments dont always results in money being made.
He was talking about investing in casino i guess. And yes, investments in casino will give you a profit "in the long run". You might not make profit right after investing, but if you hold your investment for quite sometime you will end up getting profit. The house edge guarantees you the profit. You will always have that small chance of not making a profit though. So investing is much better option that gambling if you want to stay risk free. Investing in casinos is relatively safe, I'm doing it for a year and never was in a loss at the end of a month, but profits are very small comparing to trading, for example. Nowdays you can expect 1-3% per month from casino investments, while altcoins can rise just in a few days, some can even increse ten times in their value in just weeks. Casino investments is more suitable for large sums, while trading and gambling should be done with smaller sums to keep risks low. |
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Technically, gambling is a betting on a game which you are playing. You can turn any game into gambling - chess, monopoly, board games, etc. It's actually happening with chess, people gather in parks and put money on stakes, and for some it's an additional source of income. Anyway, gambling games like Dice were designed specifically for gambling - they are fast, simple and equally fair. If they were not invented, people would use other games for gambling or bet on some events. Gambling will exist as long as humanity exist, even if you remove money, people would use other things for betting.
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Many posts discuss the possibility of exchange earnings with selling Bitcoin (and buy later). Other posts discuss the Bitcoin exchange rate, it seems that many agree there is a strong upward tendency and the volatility is hard to predict. It seems dat selling Bitcoin results in a serious probability of an opportunity loss. Selling Bitcoin can only be motivated by an (partial) exit. Do you agree?
I think some people sell Bitcoins to invest into altcoins, Bitcoin performed very well during last year, but its market share keeps decreasing and is below 50% now. Altcoins have much higher volatility, it's common for them to change 20-30% in a day, some even show big surges up to 1000%. Traders with smaller sums might prefer altcoins for those reasons, as it will allow faster and bigger returns at the cost of additional risks. |
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Even though I gamble a lot, I have never been addicted and will not call myself an addict, I always gamble within my means and I have never borrowed money just to gamble that's really stupid and only addicted gamblers do that. No one is guaranteed to win so why borrow to gamble at all.
You mean someone who can adjust to the circumstances. Things like this must be hard to find. We know that most gambling players are desperate people. They try to put their money in for profit. Whereas the basic gambling game I think should be a pleasure. Yes, some studies have found that gambling addiction is more prevalent among poor people - for them it looks like an easy solution to their financial problems, it's usually combined with superstitions that they can somehow catch the luck by betting on some "magical" numbers or in their "lucky day". But in reality it only makes them more poor, some people even lose their homes and families. Gambling is not a job, it's not investing, people should understand that no one is going to give them money for free. |
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Greed is human nature and also the only purpose of gambling is greed either monetary greed or greed in the wish to win something.
Greed works both ways, it's not only wanting more money, but also a desire to preserve what you already have. This can be used to control yourself in gambling, if you focus on the risk side of your bets, you can start betting more wisely - not losing more than you can afford and withdrawing profit instead of losing it all later. |
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If, our target profit in gambling is still logical, there's a possibility of profitable for a long time. But, our mood is not always good, sometimes difficult to concentrate when gambling. And that's what makes us miss winning. A professional gambler can win big because it has big funds.
It is never about having bigger bankroll, in this case everyone could win in the long term given if that is EV+ gambling. If it is EV- then no one could win in the long term not even those of proffesional gambler. Incase you are wondering what EV+ means then you will need to take learn more about this stuff through google I still seen some player having lost in the long run even if the gambling is EV+. This only means gambling is really random. It is just like EV+ have more chance of winning in the long run than EV-. Still it is the chance to win in the calculation so I guess the result is still dependent on the internal setting of the game. Of course you could lose in the long run in an EV+ games as well as you could probably win with some luck during your EV- games. In the end everything is related on luck so dont even bother to think about it anymore. Take the one that is going to give you the higher chance to win and you could make the best out of it Gambling is all about luck be it EV+ or EV- these days even EV- games are rigged and the people are greedily betting on them hoping for huge win but only leads to big losses. In the long term definitely EV+ games are a bit profitable but then it becomes an addiction and its hard to get over with. in gambling if you calculate your total losses and total wins you will find out that you are in a situation of net negative profit, or in other words you are having a loss - a loss that is a profit for the casino and that was what the casino wanted from its players. Do you have any proofs that casino games are rigged? If they are EV-, why would operators cheat, do you think they are that greedy? Most Bitcoin gambling sites feature Provably Fair system, where players can verify that every bet they made is random and wasn't tampered by any side. |
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There will never be a 100% winning strategy for dice no matter how big your bankroll is, if the player doesn't know when to stop and withdraw the winnings, there will always be a point where the player will eventually hit the red streak and bust, house edge of the casino is there for a reason, it is maths  House edge isn't even necessary, the situation would be the same if the House Edge would be 0%. It's just statistics - you can't keep winning forever, every bet has the same risk/reward proportion, so profit and losses are just oscilations, it goes up and down, but because casino has giant bankrolls and players small, their games end as soon as they hit their loss limit (aka losing all deposit). |
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We know that "anonymity" is one of the main characteristic of Bitcoin and many people love to use Bitcoin because of this feature but is this causing problems worldwide?
The recent Wannacry Ransomware attack is the biggest Ransomware attack in the history and the hacker/attacker has asked to pay in "Bitcoins" because it can't be traced . What can be done in this type of situations?
A group or individual has also threatened a big company in our country to pay him certain ( big) amount of money in BTC otherwise their employees would face many problems . Payments from other methods ( which hackers or attackers used before ) was traceable but what about Bitcoins ? What can be done ?
All those things also apply to cash, yet there is no general opinion that cash is a "money for criminals". If something is used with malicious intent, it doesn't mean that it should be banned, just like with guns - they don't kill people, people kill people. Also, banning Bitcoin won't solve anything, criminals will always find a method to make their transactions. I think owners of exchanges and other services should cooperate with investigation if there's solid proof that criminals have used their services. |
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This sounds like anarcho-capitalism - extraterritorial and voluntary union of people that form their own country regulated by (smart)contracts. Maybe in 20-30 years it will be big and there will be dozens of virtual countries all over the world. If so, it can achieve a whole new level of freedom for individuals as well as peace and economic prosperity.
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This is why people call Bitcoin "digital gold". $0.85 is pretty cheap for transferring something like $1000, especially if you are sending money to other country or even continent. Bitcoin is also good for storing value - altcoins in general are more volatile. Bitcoin is a decent payment method for big transactions overseas, but horrible for small payments, because it's so slow and fees are high.
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Hello, After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move. 1. Rise to $1,200-$1,300 (Current move) 2. Correction to $800-$900 level and range trading for a while 3. Rise to $1,500 4. Correction to $900-$1,000 and range trading for a while 5. Continued rise to $2,000 by end of year tldr; BTC will double this year after making a couple of moves up and down. That is similar to my predictions that I just made a few days ago. But recently I read a news that Chinese people are buying more bitcoins and it has reached the highest peak compared to before. With this movement probably by the end of January bitcoin will reach Two Thousand Dollars each and by the end of the year a 10k dollar price will shock the market by the end of the year. Actually, 2000$ before end of this year is very achievable but 10k$ before end of this year it is shockingly if that happens. Though, according to the bitcoin experts by year 2025 bitcoin can become 10k$-100k$ each bitcoin. $2000 sounds too low. If the rise will continue, it would hit around $2500-3000 at the end of they year. Maybe even more, depending on the news. But crash may also happen, to $800-1200 for example. But I think there's much more chances that uptrend will continue in 2017. |
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There are a few rare exceptions from the rule that "the house always wins" and "gambling is only entertainment". I'm sure everyone heard about people who came to casino with all their money and won enough money to save their business. Sometimes gambling is an option for getting quick money, in situation when something bad will happen if you won't get enough money, and you literally don't have any other way. It's extremely risky and such circumstances are very rare, but sometimes it's the right risk.
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As you know that you need to stop and leave the game? How can you feel this moment. I almost always lose their money because they can't learn when to leave the game. I'm not sorry to lose. I have a lot of money not to lose, but I can't keep the winnings if I'm lucky.
i will leave the game if i dont have ano money that i can bet. but since i have been lose my money in gambling i doesnt play it again because im afraid to lose again, but someday i think i will try it again and find my luck on it. Many gamblers end up in this situation - losing their whole deposit quickly because they are too greedy - if they are in profit comparing to their original deposit, they continue rolling even if they have a good 200-300% profit, and eventually they lose all their balance, because it's impossible to win forever, unless you have more money than the casino. |
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We know that quiting gambling is very hard but if you are really determined to quit on something that you are addicted to, specially on gumbling, you must stay away from it and also find yourself another thing to do and get busy on it.
I dont think that is going to do it. I have personal experience on this one and Im sure it is not going to work. Sometimes you just have to surrender on your addiction and keep going however dont use too many money when you gamble therefore you wont lose alot even if you keep on gambling for your addiction You are right that most people can't just quit in one day, but it doesn't matter that they should surrender and continue ruining their life until they are broke and homeless. There are many ways to quit, sometimes it's with the help of friends and family, or finding new hobby or getting professional help. The process of quitting can be long, but it should come in hand with gradual reducing of spendings and leaving addiction behind. |
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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?
Most Bitcoin casinos feature Provably Fair system based on cryptographic hashes as proof that each bet is generated randomly. Players themselves take part in this process via providing their client seed. It's a solid proof that the game is fair, at least for simple games like Dice. With more complex games it becomes weaker, there's theoretical possibilities to circumvent the Provably Fair system as casino operator. |
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Your very lucky because after your investment starting bitcoin prices also going up non-stop so along with your investment growing BTC prices are gone up. Overall it is a good investment and you almost made 200% profit in terms of USD. Maybe it is a right time to take out your investment and rest let's keep it for your longer term. It's crazy to think that their investment reached almost 12k now this week because of the price increasing. I don't think op will be taking out his investments until he reaches 12 months of investing, it's mentioned on the first post. Question for coingamblingreviews. Do you guys plan to continue investing on after you guys reach a year of investing from these gambling sites? Sure will be, and it will be bigger! Will likely add Poloniex (lending for interest) to the list as well Would you also try Altcoin bankroll investments? Cryptogames accept different altcoins for their bankrolls, maybe some other sites also do. Altcoins in general rise and fall faster than Bitcoin, so there's a good opportunity for even higher profits. |
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I have been thinking of an insurance service for gamblers, in which they were supposed to pay regular premiums. And while placing bets can get back at least a small amount back if the lost amount is a huge one. Myself too haven't come across such services. What you people think of an insurance for gambling.
Insurance only makes sense when the risk is small and relatively stable. In gambling you can wager big sums like 1-5 BTC with a single bet, so every gambler can easily suffer heavy losses. It would be impossilbe for such company to earn profit. But if you want to get some of your money back, you should check out services that provide cashback via referral promotions. |
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I think its not for fun it is because they are lazy or they want the fast result even they are not watching if what will happen to their bitcoin.fast result and almost all automated.. Not a good idea if you are betting a large amount in gambling it can turn into lose all of your funds.
It doesn't matter if you make your bets manually or use automated bot, the house edge will still be the same. Usually people try bots because they want to play with some strategies that require a large amounts of bets as well as frequent changes to them. Dice bot is simply a tool for playing, it's not cheating, everyone have a right to play however they like. |
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This kind of superstition can cause a lot of problems to gamblers who believe in them. Luck doesn't exist, you can't feel it, detect it, measure it, etc. In the end, the outcome of each bet will always be random and not tied to anything - it doesn't matter if you won or lost many bets beforehand, the chances will still be the same. Many people fall into this trap, by thinking that they can't lose because they got luck, and then you see them creating posts about how they lost 10 BTC.
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