Hello guys, Those who did not get payments (but made at 30+ posts), probably have written some posts in gambling section. But in this post Bonpay had approved to allow gambling section: https://bitcointalk.org/index.php?topic=2225038.msg24185093#msg24185093So, I guess you can demand for your payments if you were denied payments for the reason of gambling posts. |
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I have sent PM on post count. Please check PM.
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Best way to earn 1 Bitcoin is to invest in an icos that might get big in the future. An ico at cent per coin, after that hodl.
Exactly, The current market value of bitcoin is very much high and you actually need to have a huge amount of money if you want to go for buying of bitcoins. As far as making of a bitcoin in a month or two is concerned, I think it is really a difficult thing to do. Joining different kind of campaigns can help you in making more money but you will not be having a bitcoin in such a short period of time by that also. |
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Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.
Yes absolutely because we all know that the bitcoins value are mot stable and they also fall but they always come back. But despite of that they can just recover on that fall because of the hype that people do, bitcoins are on the top of their career this year because a lot of people all over the world wants to invest in it. With that the value rises too much. But when the time has pass and they forget about bitcoins and bitcoins will not be used anymore because there are new innovation in the future the bitcoins value can be worthless because no one are buying it anymore. Everyone has his own point of view but in opinion, it is not at all possible for bitcoin to lose its value and that too up to zero. The way bitcoin is making its name and is earning this much of good reputation is an indication of this thing that bitcoin will be having more value in the near future. I am very much positive that bitcoin will largely help its investors in making as much amount of money as they want to have. |
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Which is the best way to promote products or refferal links? Social media and forums is total shit,no one interested in this.
Social media and forums is total shit? As a normal people, we are all already access to many social media sites including facebook, twitter etc. And one way of promoting or endorsing a product is renting some famous pages in facebook that is having a lot of followers and likers. This is one of the best way of promoting. Another way of promoting is buying a domain in free hosting sites and do a site for your product. These are only some of the things that will help you to promote your products. And i assure you that Social media is so very helpful in endorsing and promotion. Actually you are right, social media these days has the biggest number of people and it is the best for me to promote the products. Social media are the bests to attract investors, consumers on your products. These way would become popular also and notice of your product in the industry. Agreed! In the present world of technology, where every second person is using internet and that on daily basis, there is no other better way of promoting any of your product or website than putting an advertisement on internet. It will really help you in grabbing lot more audience and that too in a very short span of time. You actually to need to opt the best ways of promoting your product. |
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btc is better in terms of earning huge returns and hence btc is far better than stocks and real estate.
Yeah bitcoin is best in all aspects and bitcoin has driven the investor of stocks toward itself because its promising nature is far better than stocks and now more investors are coming toward bitcoin and I was also doing real estate business in past and then I come to know about bitcoin and I see it bit fascinating and now I am investing whole of my money into btc and it is giving more in one week as a month in that. |
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We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
Even the mother of all nations have a corruption in their hearts, the thing here is that we just cant blame the blockchain technology by the actions the leads to corruption. Everything can lead to corruption, even alts and that's how the world work. If you are worried that BTC will become a big part of terrorism, crime and drugs then even if BTC dont exists this crimes will never cease to exists. It is here even before the time of Cain and abel. Questions like this is so obvious that people are blaming things for their own actions, and thats sad that humanity lost the way of viewing things that instead of fixing themselves, they are banning something that is worth using for. I think bitcoin is a digital currency and it’s also true that its decentralized but I believe that there will be someone who is going to operate bitcoin and he know very well about use of bitcoin so I don’t think so he will allow to use bitcoin in corruption by someone because bitcoin is here to help us and it’s not going to teach us bad things. You can expect anything to happen in this real world. Bitcoin itself is just a crypto currency. The thing is bitcoin can be used anywhere. There are likely chances that bitcoin can be used in corruption and other illegal activities. In that case, it will not be the fault of bitcoin. In fact, it will be the owners of bitcoin will be held responsible for using it in such kind of activities. We need to use it for betterment of society. |
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I think yes, at least some of them tried to deal with Bitcoin. If there is a way to make a profit they going to try this.
Yes there is no doubt that billionaire are going to invest here and I know some of the billionaire in my country who are investing in bitcoin and they make their money double here so I think it’s a very good opportunity for billionaire as well to invest here as much as they can and now they are going to invest in real estate. |
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The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Bitcoin can be used for shopping, investing etc.. you can buy absolutely anything with bitcoin, you just have to find a buyer.  i'm using bitcoin for shopping, investing,trading,gambling etc.. the main advantage of having bitcoin is that it's easier to pay across the globe. Well there are a lot of good advantages of bitcoin because bitcoin is one of the currency which help humanity and it change a life of thousands of people and still it’s trying to facilitate people its price is very high and its transition are also very fast and bitcoin is now available in almost every country so everyone love bitcoin and they support bitcoin as well. |
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as I know experience is important in some gambling games such as poker, but how about the other games like dice game or roulette, do you gain any advantage from your experience, can you used your experience to win the game? or maybe because of your experience you know whether to bet low or high in dice game
So Does Experience matter to you?
There is a difference between games which need experience and which need luck. Games like rolling the dice needs luck but most of the other gambling games need experience which can hep them to get a good profit. If a gambler has a good amount of smartness and experience than only he will become a smart gambler and earn money in huge amount. yes experience can be used to get a profit in gambling and betting low or high also comes from experience here. So experience is very important in gambling. |
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Well quite simply the risk of holding bitcoin is that the price can go down. This can even be an issue even if you are 100% certain that in the long run the price will increase, for the reason that many people invest too much and then later need to liquidate it, this could happen when the price is crashed and then they lose out.
Yes, the only risk to hold bitcoin is of getting your account hacked and there is no other risk I think as bitcoin is a future currency and people will make this happen one day as bitcoin is very flexible in its price. You can also get a every day profit from it so there is nothing to risk here. The risk of getting hacked or losing a password to wallet in more bad. But about profit there is no issue as if there is the record of bitcoin about it price it is always increasing. |
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I am not a Writer so there will be lots of mistakes in my writing methods but i can promises you writing method could be mistake but predictions not, I have a long run in Bitcoin and some Alts, I have seen Bitcoin and Believed in Bitcoin from its 10$ price and Still alive to see all time High 8K (Nov 20, 2017) also, In my point of view (I use to create my views with News and upgoing BTC network) BTC will reach 98K or much more than my expectation very soon and this article is about that.
Before going anywhere further lets start from Bitcoin's startup and early times
According to legend, Satoshi Nakamoto began working on the Bitcoin concept in 2007. While he is on record as living in Japan, it is speculated that Nakamoto may be a collective pseudonym for more than one person.
Bitcoin.org is born!
I've been working on a new electronic cash system that's fully
peer-to-peer, with no trusted third party.
The domain was registered at anonymousspeech.com, a site that allows users to anonymously register domain names and currently accepts Bitcoins.
Nakamoto publishes a design paper through a metzdowd.com cryptography mailing list that describes the Bitcoin currency and solves the problem of double spending so as to prevent the currency from being copied. Block 0, the genesis block, is established at 18:15:05 GMT. Version 0.1 of Bitcoin is released. Compiled with Microsoft Visual Studio for Windows, it lacks a command line interface and is so complete that it furthers speculation that it was developed by more than one person, The first transaction of Bitcoin currency, in block 170, takes place between Satoshi and Hal Finney, a developer and cryptographic activist. Bitcoin mining normally stayed in Solo Mining and in Sep 18, 2010 Bitcoin Pooled Mining (operated by slush), a method by which several users work collectively to mine Bitcoins and share in the benefits, mines its first block. December 9, 2010 Mining Difficulty increases The generation difficulty exceeds 10,000
Problems
The Financial Action Task Force, an inter-governmental group that develops and promotes policies to prevent money laundering and funding of terrorists, publishes Money Laundering Using New Payment Methods, to warn about the use of digital currencies to finance terrorist groups.
Silk Road, a Bitcoin marketplace, launches an illicit marketplace for drug deals, called the eBay for drugs Helped for price increase in a short term but was bad for long term Bitcoin Future.
Bitcoin Exchange Rate while Established
New Liberty Standard publishes a Bitcoin exchange rate that establishes the value of a Bitcoin at US$1 = 1,309.03 BTC (As of Oct 5, 2009) which amount of Bitcoin's value as of Oct 5, 2017 is $5,590,251.88 and Today's value as of Nov 20, 2017 is $10,681,665.16, Price as of Oct 5, 2009 was established using an equation that includes the cost of electricity to run a computer that generated Bitcoins. Nov 6, 2010 Calculated by multiplying the number of Bitcoins in circulation by the last trade on MtGox, the Bitcoin economy exceeds US$1 million. The price on MtGox reached US$0.50/BTC.
An Australian member of the Bitcoin Forum attempts to sell his 1984 Celica Supra for 3000 BTC, and becomes the first person to offer a vehicle in exchange for Bitcoins.
June 2, 2011 At MtGox, the exchange rate touches US$10 per BTC. The Bitcoin generation difficulty surpasses 100,000. and ATH created The price of a Bitcoin on MtGox reaches an all-time high of US$31.91 with a market capitalization of around US$206 million on June 8, 2011 exactly after 6 days when Bitcoin Touched $10
May 22, 2010 when 10,000 BTC spent on pizza which Pizza's Today's price is $81,599,850.00 as of Nov 20, 2017
The first, real-world transaction using Bitcoins takes place when a Jacksonville, Florida programmer, Laszlo Hanyecz, offers to pay 10,000 Bitcoins for a pizza on the Bitcoin Forum. At the time, the exchange rate put the purchase price for the pizza at around US$25.
After Pizza transaction and exchange Bitcoin started being popular in few handful people and Over a five day period beginning on July 12, the exchange value of Bitcoin increases ten times from US$0.008/BTC to US$0.080/BTC. July 17 The MtGox Bitcoin currency exchange market is established by Jed McCaleb.
Crash and Panic
A lot of people are worried about the fluctuation and selling there BTC on pressure But New Bit-coiners are doing so we must note that.
Serious and BTC believers are holding all the BTC they have. As few people are concentrate in News which are created by Centralized monetary system. We have to believe our self first that BTC and we Bit-coiners are decentralized, our market is global market Short-term actions of governments are not important, on a global scale they can't fight the inevitable. Regulations are as good against bitcoin as sandbags against tsunami.
We are sometime focusing in Chinese Government news at the mean time I am focusing in Chinese People. Did anyone think about that Chinese Government indirectly handled a lot of profit to Bitcoin? I think no or some yes. While Chinese government issued warning and ban the deposit in the mean time Chinese Community is more curious in investing in Bitcoin and they are searching some other option of Deposit so now see what, is it loss of bitcoin or its loss of Chinese Government? of course of Government its not just a Chinese production so we don't need to worry about anything or any single government, We are Global Ruled and not Ruled by one we are Ruled by Each of Us.
Bitcoin Price Moving up by 2014
The bitcoin price is the result of supply and demand for bitcoin. The more demand there is, the higher the price goes. The more supply there is, the lower the price, The supply side of bitcoin is fairly well known, even if we look into the future. Bitcoin supply growth will drop below 15% annually very soon and finally 21 million no more then that so supply side is always lower and demand side will be always higher.
China Warns on Bitcoin but Traders are still Legal to trade.
India Warns on Bitcoin but Traders are still Legal to trade.
Singapore Government will not interfere in Bitcoin.
More then 40% of American and 20+% Globally known Bitcoin in this small movement so expect 40% global population know about Bitcoin by 2014.
New Business adopting Bitcoin and even some third party transaction are helping people to transact with bitcoin in Amazon, E bay, Walmart and such web stores.
Overstock to come on Mid 2014 and Overstock CEO clearly described why (Patrick Byrne thinks bitcoin could be a helpful addition to the payment system and his company plans to accept the currency, You’re getting rid of the interchange fees. We’re paying credit card companies around 2%. For a company whose margin is 1%, picking up 2% on that is quite attractive)
Every day New Bitcoin Accepters are on the way Today you can buy almost everything from your Bitcoin House to Car and Grocery to Electronics so why not it will reach 50K? Bitcoin have that potential to reach until i will die and Bitcoin have that potential to grow that one day 1 Satoshi will count 100$.
New Investment in Bitcoins
There are many Bitcoin supporters who believe that digital currency is the future and the only Global Currency. Those who endorse it are of the view that it facilitates a much faster, no-fee payment system for transactions across the globe. Although it is not itself any backed by any government or central bank, bitcoin can be exchanged for traditional currencies; in fact, its exchange rate against the dollar attracts potential investors and traders interested in currency plays. Indeed, one of the primary reasons for the growth of digital currencies like Bitcoin is that they can act as an alternative to national fiat money and traditional commodities like gold.
In March 2014, the IRS stated that all virtual currencies, including bitcoins will be recognized as Asset, would be taxed as property rather than currency. Gains or losses from bitcoins held as capital will be realized as capital gains or losses, while bitcoins held as inventory will incur ordinary gains or losses.
Some Other Important Price Prediction
In the past three years, Bitcoin price has increased exponentially, surging by 0.09, 0.22 and 0.66 percent in 2015, 2016 and 2017 respectively on a daily basis. In 2017, Bitcoin price increased by 0.66 percent on a daily basis, as Bitcoin price surged from $980 to $2750 within a six-month period.
If Bitcoin daily gain since 2010 is considered, by 2020, Bitcoin price should reach $250,000. This, of course, assumes that Bitcoin price will increase at an average rate of 0.42 percent on a daily basis, if the seven-year trend of Bitcoin price continues, Bitcoin will be valued at around $250,000 by 2020.
Bitcoin’s value cannot be predicted based on a linear calculation and graph. Bitcoin’s growth in terms of user base and market cap is exponential and because of it, Bitcoin price can’t be calculated with one certain formula.
After the activation of the Segwit protocol and testing of the Lightning Network, the Bitcoin market has been on a steady rise to reach $80 billion market cap. Presently, the market capitalization of Bitcoin stands at almost 50% of the entire crypto market. In addition, it has exceeded the 1% of gold’s estimated $7 trillion market cap. Due to the limited supply, people will start to realize that they might miss out of the opportunity to mine/own Bitcoin has the price will go up in a rapid way. In case the price will rise at the same pace as right now, Bitcoin price by 2020 will reach $20,000, according to the market experts’ opinion.
Last All time high price Edit on: Nov 2017
Bitcoin is a very great idea and has made a great influence on the world’s population. It has proved itself right from when it was created. It keeps on growing as demand is always increasing and supply is constant like 21 million only. This will help bitcoin to always increase its value for the people as the demand will keep on increasing and new people will keep on joining the bitcoin community and use it. I think it’s the biggest loss to sell all your bitcoin now by getting afraid of a downfall as also if a downfall happens bitcoin will surely recover it as it has done before and profit is fix. |
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According to me coinbase would be your best option to buy bitcoins for USD.
They are trusted and the transaction is fast .
I would also like to suggest Xapo ,they are also trust worthy and I have used both of them and was thoroughly satisfied.
In my country there are lots of exchangers available for buying and selling bitcoins. I deal with those whom I realize the most trustworthy and reliable because there are many exchangers who betray innocent people while they send money to them for buying or selling their bitcoins and they disappear from the screen with the money. therefore for my I only deal with okpay in my country. |
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Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax. Also, unlike fiat money produced by central banks, there is a cap set on total Bitcoins, limiting how much the currency can devalue through inflation.
Actually people are holding bitcoin because of the profit and that’s what I’m doing when the price go low so then I buy bitcoin because bitcoin can change its price fast from low to high so when I buy bitcoin so then I hold bitcoin for some time and when the price go high then I sell all my bitcoins and take a very good profit from it. |
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Bitcoin is a digital currency that is fast, secure, decentralized, and which also has very cheap transaction fees. Bitcoin has no border from one country to another that is why it is accepted all over the world. Based on all these aspects, do you think bitcoin has a role to play in the future? Share with us what you think? thanks  Why not? Bitcoin right now is more powerful than couples years ago, many people in corporations are building projects related with the bitcoin, developers of bitcoin are making bitcoin's network to more better, even the government of country addoption the bitcoin as currency or an asset, all of them they are making the bitcoin easy to be used by all of the people around the world, so the bitcoin has role to play in the future, it is just about the time until happen. It is a matter of great encouragement for all the people who are engaged in bitcoins that mega projects in it which is a clue toward that in future most of the people will be involved in bitcoins rather in one way or other way so I am very optimistic and hopeful that bitcoin will get hold of the new and market of digital currencies. |
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Would they need BTC? With 1.3 billion potential users wouldn't that be enough?
Having their own crypto coin for improving their economy is a pretty smart move . But the support will only be shown by natives . Obviously China's population will somehow strengthen their local coin ( even though a lot of population includes elderly ) . But the support that is with bitcoin cannot be shaken by any other local coin . The main proof is the rise of bitcoin even after the China ban . But if every country starts making their own crypto coins then that might be a reason of big concern for sure. Well I think it will not work like bitcoin because bitcoin is decentralized and there a lot of things which bitcoin keep hide so bitcoin is not an ordinary currency and I don’t think so any other crypto can replace bitcoin because bitcoin know how to keep it self-stable with high price in market so no need to worry about any other coin in market. |
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There is no excuse to learn from our gambling mistakes. I always keep the experience of mistakes in the book of my experience not to repeat at any moment. Learning aspect only make man better to survive good life. We should accept our mistakes then only we correct our self other wise we never win.
That actually makes sense. There are so many things that can help you to gain experience but do you know mistakes are on top of the list. This is really astonishing to hear that how can mistakes be best teacher for gaining experience but yes it is reality. You only have to learn from them and believe me next time your product will yield more and more profits because of that learning. |
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What is the best coin to buy today? So many good coins.. sometimes I have hard time thinking what's the best coin to buy.
For me, bitcoin is still the number one bitcoin to buy. The thing is I trust it the most since it has been here for a very long time. Also, I feel that it is the most secure because a lot of people use it more than the other crypto currencies. Yes every coin comes with its own advantages and disadvantages. You need to work out before choosing coin that what will be suitable for you. See the developing team and the projects started by this team and how they are doing everything, only then decide which coin suits you. Make your own strategies and what is best about it, they will be implemented in best way. |
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Bitcoin is something radically new. Nothing like Bitcoin has been possible until now. I would go so far as to consider it sui generis; "in its own class". This makes it important to understand what Bitcoin actually is before we try to describe it to others. We're getting a good handle on the code, and of course on Bitcoin's function and utility, but what words should we use to describe Bitcoin itself? There has been some debate in other threads [mostly my doing] over how it is like/not like money, cash, dollars, etc. I'd like to start this thread by focusing on the term "money", and play Devil's avocate by asking for your best arguments that Bitcoin IS money. My legal dictionary states "In usual and ordinary acceptation it [money] means gold, silver, or paper money, used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate." [cites omitted] Wikipedia says "Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment." [cited omitted] Webster's Online Dictionary defines money as: - 1. The most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us".
- 2. Wealth reckoned in terms of money; "all his money is in real estate".
- 3. The official currency issued by a government or national bank; "he changed his money into francs".
- 4. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by the sovereign authority as a medium of exchange in financial transactions between citizens and with government; also, any number of such pieces; coin.
- 5. Any written or stamped promise, certificate, or order, as a government note, a bank note, a certificate of deposit, etc., which is payable in standard coined money and is lawfully current in lieu of it; in a comprehensive sense, any currency usually and lawfully employed in buying and selling.
- 6. In general, wealth; property; as, he has much money in land, or in stocks; to make, or lose, money.
[links omitted] [/list] I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice. But that is just my point of view. Are there any that can convincingly argue otherwise, that Bitcoin IS money? Of course yes bitcoin is money we all know that this is a digital currency but if you convert it into real money it will called money because you can use this to buy anything . Ultimately you can say it is form of money that can only be manipulated and operated online. You can’t see it but it has a huge value. On internet when you are transacting bitcoin, you never see any solid thing transferring from one account to another as fiat money in banks rather there is just a message box and everything is just done. So bitcoin is money yes, and it really amazing. |
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When do you stop?
I stop my gambling session when i manage to quadruple the amount that i have deposited on a site and take a break for a day or two. Do you have a daily limit or something?
I have no daily limits but i control myself in betting no more than dust amounts. I have only gradually learned to control myself in gambling. Earlier it was difficult to stop. But I managed to overcome myself and now, even when I lose, I do not hurry to recoup. Being panicked at any stage of life doesn’t work for you. Either you lose or you win but you don’t have to think much of them. There is one quote, “Either you win or you learn”. So I think you have learned enough to make your life better, you only need to make focus on something and that will lead you to success. Just keep going but not in gambling, it will harm you like anything. |
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