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941  Economy / Gambling discussion / Re: To Gamble or To Invest? on: January 01, 2018, 06:33:35 PM
I will not answer this question, because investment and gambling are as different as night and day. The purpose of investment is either to keep the value of your savings, or to increase them. On the other hand, we do gambling in order to get relaxation and for fun. Nothing is more exciting than testing your luck. Investing can be quite boring, unless you are making the investment in crypto-currencies.
942  Economy / Gambling discussion / Re: Gambling addiction. on: January 01, 2018, 06:30:36 PM
That is really the saddest part - when you are already trying hard to chase your previous loses. It is hard because you are up against the casino which have house edge advantage. This way, we should play just for fun and entertainment and no profit goals whatsoever.

The house advantage can be as low as 0.5%. In such cases, you have a 49.5% of winning and 50.5% of losing. The difference is just 1% and if you are lucky, then you may be able to get a good profit. But I will definitely advice you against chasing your losses. Because, sometimes you need to admit that you are just plain unlucky and you need to take a break.
943  Bitcoin / Bitcoin Discussion / Re: Bitcoin saved my year on: January 01, 2018, 06:19:06 PM
My story is also very similar. I was facing a lot of financial issues a year back. But huge returns from Bitcoin not only helped me to take care of those issues, but also enabled me to engage in a lot of luxuries. I am not expecting 1,300% returns in 2018. But I will be very happy even if Bitcoin gives me 20% returns this year. Can't be too greedy, OK?
944  Bitcoin / Bitcoin Discussion / Re: Will bitcoin replace gold? on: January 01, 2018, 06:14:59 PM
Gold is not made by humans and cannot be replicated and it's from natural resource and that's what makes it valuable so it will not be replaced by bitcoin. But I do believe it will become very cheap because of btc.

I would agree with the first part of your post, but I will have to disagree with the remaining. If you have any doubts, then you can compare the gold and Bitcoin prices side-by-side. You can see that there is absolutely no link between the exchange rates of both the assets. In 2017, when Bitcoin prices increased by 1,300%, the gold prices were more or less stable.
945  Bitcoin / Bitcoin Discussion / Re: Trade in bitcoins at your own risk, Indian Finance Ministry warns users on: January 01, 2018, 06:04:55 PM
The Indian government must mind their own f***ng business. We are taking a huge risk in investing in Bitcoins and even after that if we get any profit out of it these parasites will demand that we pay a major chunk of our returns as taxes. Either they should make Bitcoin legal, or stop demanding taxes from anyone who is profiting out of BTC.
946  Bitcoin / Bitcoin Discussion / Re: Bitcoin is dropping! what to expect?! on: January 01, 2018, 06:01:58 PM
Wow bitcoin down, I have to buy it as soon as possible!
Do not waste this opportunity, if you already have bitcoin then buy it again to increase your bitcoin amount.

If you already have Bitcoins, and if more than 20% of your portfolio is made up of Bitcoins, then I would never recommend you to purchase further coins. Because high risk assets should never cross the 20% threshold in ideal cases. Also, you never know whether Bitcoins will go up or down in the future. Already it is facing a lot of competition from alts such as Ethereum, Bitcoin Cash and Ripple.
947  Bitcoin / Bitcoin Discussion / Re: Finally, Bitcoin is a Crime in our Country. on: January 01, 2018, 05:54:31 PM
Bitcoin was always illegal in Bangladesh, but this is the first time that the authorities are acting against the Bitcoin users. I am worried because in Nepal also the authorities are engaging in a crackdown of the crypto-currency users. Recently the Nepali police arrested more than half a dozen Bitcoin users and charged them with various economic offenses.
948  Bitcoin / Bitcoin Discussion / Re: Is bitcoin transaction fees fair? on: January 01, 2018, 05:52:27 PM
Gone are the times when I used to pay around $0.10 for my Bitcoin transactions. Back then, I was hoping that one day Bitcoin will replace fiat cash as the main medium of shopping. But recently the fees shot up to as high as $150 per transaction. Just imagine someone paying $150 as a transaction fee to purchase a burger which costs just $2.
949  Economy / Gambling discussion / Re: How many Bitcoins would it take for you to Quit Gambling Forever? on: December 31, 2017, 05:57:00 PM
I guess no amount of Bitcoins are good enough for someone to quite gambling. Because greed is an universal condition. Even the richest among the billionaires still want more money for themselves. Almost everyone who gambles for the first time, will go on until their entire amount is used up. They will never stop after 2-3 games, even if they are in profit.
950  Economy / Gambling discussion / Re: Why is gambling so addicting? on: December 31, 2017, 05:51:59 PM
As someone who has lost quite considerable amounts of money in gambling, I guess now I have learnt about the factors which makes gambling so addictive. The reason is that gambling makes use of a condition which is embedded in the human nature - greed. It doesn't matter if you wins or not. Once you start, it is quite difficult for you to stop unless you can control your greed.
951  Economy / Gambling discussion / Re: Cricket match prediction discussions on: December 31, 2017, 05:46:11 PM
Brisbane Heat v Adelaide Strikers , odds are pretty good for both teams right now but since Brisbane heat has got high class players and the target is very much reachable I am going for them @ 1.6.

I went for Adelaide Strikers after looking at their record for the past few matches. I agree that Brisbane Heat does have quite a few world class players. But what is the point in having these heavy-weights, if they are not preforming? After a few losses in BBL, I got this one right. It was a completely one sided match which was won by the Strikers.
952  Economy / Gambling discussion / Re: Will we ever see players transfer paid with bitcoin ??! on: December 31, 2017, 05:41:31 PM
If such a thing ever happens, then I am 100% sure that it will happen in Japan. Because Japan is the only economic super-power which has fully recognized and legalized Bitcoins. In any other country, the payment in Bitcoin will involve a lot of hassles and tax-related complexities. I am not saying that Japan is perfect. But right now, it is the best option we got.
953  Economy / Gambling discussion / Re: 2018 NBA Season on: December 31, 2017, 05:34:04 PM
S.Curry is back! for him 38 points in just 25 minutes played with 10/13 three points.
paradoxically, this break from injury can be healthy for him!


He made a lot of three points in the game alone and he has shown that he is a very valuable member of the team maybe he is only behind Kevin Durant in the pecking order of the team. I wish he could have played in the game against the Cavaliers on Christmas.

Stephen Curry and Kevin Durant makes a deadly combination for the Golden State Warriors. During the last game, Curry made a total of 38 points, while Durant made 9 assists (highest in the game) and made 20 points. And Durant is on his way to becoming one of the all time greatest players in NBA. Just a few days back, Tony James made the statement that Durant is as good as LeBron James.   
954  Bitcoin / Bitcoin Discussion / Re: which one is best investment: bitcoin or bitcoin cash? on: December 26, 2017, 07:30:11 AM
I'd go for Bitcoin Cash. During the past 2-3 months, the exchange rates have risen by almost 10 times, and a lot many of the websites and stores are now planning to shift to BCH from BTC. Also, earlier BCH trading used to be concentrated in South Korea. That has changed now.
955  Economy / Speculation / Re: Bitcoin will either go to $8000 or $20000. on: December 25, 2017, 01:41:52 PM
If it could go to $8000, I will buy more then Wink

It is possible. When the number of unconfirmed transactions hit the 290,000 mark, the exchange rates dipped to $10,400 per coin. The prices recovered after the number dropped. But the core issue remains, as even now the average transaction fees is close to 830 Sat/Byte. This is an improvement from the fee of 1,000 Sat/Byte we had a few days back, but still I would say that no one is happy with the fee remaining at this much high levels.
956  Bitcoin / Bitcoin Discussion / Re: What if, we advertise bitcoin on T.V.? on: December 25, 2017, 01:36:23 PM
We should rather advertise about Bitcoin-related services, such as Bitcoin-backed credit cards, gambling sites (only if they are legal), exchanges.etc. Else, how can you explain the whole technology behind Bitcoin in a 20 second or 30 second advertisement spot? For that purpose, movies and documentaries may be a better medium, in my opinion. 
957  Economy / Economics / Re: Bitcoin is Falling...Is it Panic Time? on: December 25, 2017, 01:33:44 PM
Yeah.... Bitcoin is falling... for the 151th time in the past 5 years? I have been active in crypto-currency segment for the past five years. Now these dips seem monotonous and boring for me. Earlier, I used to panic. But now I mostly ignore such dips. Everyone knows that the future prospects are good and we just need to hold on to our coins.
958  Economy / Economics / Re: Bitcoin vs Ethereum after 5 years? on: December 25, 2017, 01:31:25 PM
ETH could never pass the price of Bitcoin.

Seeing ETH pass through bitcoin's market cap is possible but for now I'm sticking to bitcoin and I don't want to say that it won't happen. But I'm pretty sure of that there are a lot of people that are holding ETH and Bitcoin, so it will be a rally against the supply of bitcoin and ETH. ETH's supply is higher than bitcoin but both has been great for this year and as an investment or currency, they will remain well after 5 years.

The supply of ETH is stable and the number of coins mined per year remains the same. In case of Bitcoin, the number of coins that can be mined decreases with time. So if the number of users cease to increase, there can be inflation with ETH and its value can go down. This is definitely going to be an issue facing Ethereum in the near future. 
959  Economy / Economics / Re: If Bitcoin had a stable price, would it still be as popular? on: December 25, 2017, 01:28:03 PM
Bitcoin can either be an investment asset or a currency. If the exchange rate remains stable, then it won't be suitable for the first purpose. Who will invest in an asset whose value is not increasing? In that case, it can be used as a currency. But the time required for getting the necessary confirmations and the transaction fee must remain low.
960  Economy / Economics / Re: Bitcoin's price is getting low on: December 25, 2017, 01:26:02 PM
The Bitcoin dominance has declined to around 42% from the previous levels of 61% (two weeks back) and that may be one of the reasons why the exchange rates going down despite the overall crypto market cap increasing. Bitcoin is going down against other alts due to the scaling issue. Even now, there are some 170K+ transactions waiting to be confirmed. 
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