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9741  Economy / Gambling discussion / Re: do you can control your self when playing gambling? on: February 11, 2017, 09:05:04 AM
Not easy, when we're emotions then everything will be hard to be controlled, I never experienced it seihngga makes about 3 btc lost in just over 5 hours. self control is very important so that we will not lose.

It is one of the most important things while gambling. If we dont have any self-control we should not gamble in the first place.

I have seen many people win big then gamble it like anything without any control ending up losing all. End of the day that addiction is what the owners want because in casino games you are bound to lose if you keep on playing. So in reality the owners want you to keep playing so you lose all that won and deposit again.
9742  Other / Off-topic / Re: How are you earning BTC? on: February 11, 2017, 08:56:57 AM
Previously I had collected bitcoin from faucets and Ptc sites. But I gradually understood they are not worth of time and simply waste of time. I even tried mining but electricity is not cheap from where I live neither did I have a powerful rig to run.

Currently I do trading of bitcoin. Bitcoin vs fiat and Bitcoin vs Altcoin and a signature campaign. My main source of income is my job and I am happy with it. I like to work hard using my skills to earn and not hope that luck will earn it for me - that s why I hate gambling.

9743  Economy / Economics / Re: Should I believe in Bitcoin ? on: February 11, 2017, 08:50:42 AM
Yes I should believe in bitcoin because its a sustainable source of income which can be converted to fiat money currency.

Easy for the people who live in countries where easy conversion is possible. Not in my case where bitcoin is not much popular let alone people use it much.

Sustainable source of income? What type of income is bitcoin? As an investment or a source of salary?

Quote
It has more advantages rather than other currency nowadays and transaction online is very fast and hassle free.

Agreed and that is why bitcoin is used by many and is accepted by many. Transaction speeds I wont complain much but still credit card payments and physical cash money is much more faster. Grin
9744  Economy / Gambling discussion / Re: Everyone looses in the long run on: February 11, 2017, 08:47:28 AM
Not all can lose in a long run, because some smart people can win in a long run, some of them playing small bet in every game.

Playing small bet is nothing smart. Thinking that you will not lose big is acceptable but in the same time you will also never win anything much decent in size.

Quote
So they can also play a lot times and some of their games win.  Grin

Sure thing but even then the number of losses they incur is in total bigger than the number of wins. Not considering a winning jackpot you will just be collecting dust amounts if you lay in this manner.

The best thing to do is to cash out early and chase losses.
9745  Economy / Gambling discussion / Re: Everyone looses in the long run on: February 10, 2017, 10:00:23 AM
People think its about higher bank roll because you just keep doubling until you win, a small bank roll runs out before his luck turns.   Im not sure thats the best approach as you can just lose double each time though it should be increasingly unlikely

That's very risky practice if someone have mind like this with bigger bankroll and keep multiplying the bet amount would bring success to us. This called martingale strategy which have been proven failed long time so it's sure every body will lose in long term.

Martingale is probably the worst strategy - and to be honest its not even a strategy at all. It just based on some assumptions which in reality does not hold true. So in other words you are bound to end up with zero balance since the ideal situation does not exist.

In general if you keep playing on and on, hoping to recover all losses and get a green on the balance, better to stop gambling since that will never happen. Chasing losses only leads to more losses and hence it is fatal.
9746  Economy / Economics / Re: Should I believe in Bitcoin ? on: February 10, 2017, 09:57:05 AM
Yes you should. More and more stores are accepting bitcoins as payment and even some banks too. 
it will require a very long time to be accepted by the bank. but I believe that at one time, it will happen. I believe in the potential of bitcoin

Many people do believe in the potential of bitcoin to rise in price after fall in price. They have that courage to buy when prices drop a lot because the believe that prices are bound to rise in future.

Hence the fact that traders have been trading on bitcoin and using the market price fluctuations to get profits and in turn buy more bitcoin sell it, use the profit to buy more. In turn they get savings based on the differences in price and the rebuying price.

In future we all believe bitcoin prices will skyrocket and thus traders keep trading bitcoin and this fuels the economy.
9747  Bitcoin / Bitcoin Discussion / Re: What is the best source of bitcoin nowadays? on: February 10, 2017, 09:49:29 AM
Being in a signature campaign seems to be where it is at. Smiley

Just check my last post about someone who is listed on their campaign getting paid in one shot. Out of the 4.98Btc sent out to all campaigners he got paid 3.66btc to him.
Must be a mod or admin to get paid that much for their total post count. Roll Eyes


Signature campaigns are good only if you are truly posting not intended to spam the forum but for spreading your knowledge and helping out other members of the forum.

Most senior people in this forum nowadays complain of excessive spam due to newbies who start shitposting without basic knowledge.

Otherwise these campaigns are good as a side-earning and not a source of primary earning (not in my case of course). Moreover people need to convert bitcoin or sell it in order to get local currency if bitcoin is not accepted there.
9748  Economy / Economics / Re: Is it better to save money or invest it? on: February 10, 2017, 09:45:52 AM
saving money, without any interest rate, is always the worst way to go

Savings is savings. It is not meant to earn any money through interest. The mere amount of money generated by interest is nothing better than dust and hence savings are meant to be saved - that is for use in an emergency or in setting up of a new business or new idea.

Investing in the legitimate ways and then earning from that is the way. But that does not mean that we should not save anything. Our endevour may end up with zero profit or even worse with losses. We will need to work a situation out of the mess and that is where our savings come to help us.
9749  Economy / Economics / Re: Is it better to save money or invest it? on: February 09, 2017, 09:35:28 AM
For me we can save money and its better idea to take so that in the future we can invest for good business. Investing using credits is not a good idea for me, you should have enough savings so that you could have all profits without any debts from credits, unlike those who borrowed money for business capital.

I agree with you point. If we are willing to get into a new business in future then we must start saving money for that. In the meantime we can grow our skills, develop the required things and plan the future business. Then we can spend the money we have been saving for the new business.

The new endevour will be the new investment. So in this manner our saving help us get into a new investment. That is how the two complement each other and hence both are necessary in their own respective domain and cannot surpass each other.
9750  Bitcoin / Bitcoin Discussion / Re: What is the best source of bitcoin nowadays? on: February 09, 2017, 09:27:04 AM
Trading is nice but it's edgy at the same time.As long as you control your bet lot you should be ok.Apart from that gambling can be good-the best strategy I think is with moderate bet size and big odds and hope that you hit for the big win.

Trading is the best way I earn bitcoins. Bitcoin vs fiat and altcoin trading are the ways to go for. Its always advised to trade cautiously and never invest more than what we can afford to lose.

Gambling is not my thing. I am actually against the idea of gambling my money. Since I never found gambling worthy of spending my time on I never even suggest gambling to other people. Most of the sites I have seen are simply places to burn your money. But that hurts since I come from a poor family and wish to earn money and use it wisely and never waste it.
9751  Economy / Marketplace / Re: How can we encourage local businesses to accept BTC? on: February 09, 2017, 09:22:16 AM
I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment.  The best part about accepting BTC is that they do not have any threat of charge-back from the customer.  I am just looking for some more input before I start approaching some of these local retailers.
As bitcoin is a way to conduct transactions through means of the internet and not cash most of the business owners will tin twice before considering to accept payment in btc rather credit or cash.

there is no transaction fees as such
Try explaining them about the benefits of bitcoin

nowadays explaining someone about bitcoin is not a big deal. internet is full of data, contents and details about bitcoin. thousands of websites wrote about bitcoin and it's benefits. so it should be easy for any adult person to get knowledge about bitcoin.

Try talking about BTC to your friends or your local shops. You will see the same eye rolling and gaping with their mouth open. Those people will think that youre crazy. We know all the information is available online theres no shortage of it. Everyday something new is available. What we do have a shortage on is a supply of smart people who will try to listen and understand.

I have had this similar experience myself and ended up making myself a laughing stock among my friends. They think that its a hoax and that bitcoin is made to steal people money when they buy bitcoins. They think its related to hackers and other creepy people who are trying to hack into their bank accounts.

Gaining trust in people is a very tough job. For them bitcoin will remain a scam type of money.
9752  Economy / Economics / Re: Should I believe in Bitcoin ? on: February 09, 2017, 09:19:06 AM
Certainly, bitcoin is still promising as a means of payment and investments. With increasing number of users, I'm sure that someday there will be countries that accept bitcoin as a legitimate means of payment.

With increasing number of users the price of bitcoin will rise more and hence more users will turn to trading of bitcoin. Now if we see the actual users of bitcoin, its only a small fraction of users of the entire global population but then again its popular in communities and not populations.

Even then people mainly believe in bitcoin because of price fluctuations and that trading on bitcoin is profitable. Altcoin trading is also profitable and in turn worth investing in. It may not become worldwide but certainly will become a much bigger picture in the coming years.
9753  Economy / Economics / Re: Should I believe in Bitcoin ? on: February 08, 2017, 08:54:12 AM
Bitcoin is a fluctuating currency, if you buy know you may gain when it rises,so kindly buy bitcoin because it apprecia the in vslue

Every trader has that day when their currency dips and they buy a huge volume of it. Then when prices rise they sell it and the profit is gained.

Currently bitcoin rising prices made it a target for traders since the fluctuating price is profitable and many people have joined the trading league of bitcoin. Altcoin trading and altcoin mining is also profitable.

People believing in bitcoin is a bit skeptical since they mostly trade on it rather than use it as currency - specially where I live since almost none of the merchants here accept bitcoin.
9754  Economy / Marketplace / Re: How can we encourage local businesses to accept BTC? on: February 08, 2017, 08:49:51 AM
I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment.  The best part about accepting BTC is that they do not have any threat of charge-back from the customer.  I am just looking for some more input before I start approaching some of these local retailers.
As bitcoin is a way to conduct transactions through means of the internet and not cash most of the business owners will tin twice before considering to accept payment in btc rather credit or cash.

there is no transaction fees as such
Try explaining them about the benefits of bitcoin

nowadays explaining someone about bitcoin is not a big deal. internet is full of data, contents and details about bitcoin. thousands of websites wrote about bitcoin and it's benefits. so it should be easy for any adult person to get knowledge about bitcoin.

Of course if that adult has proper access to internet and let alone electricity as well. Grin

In our country most of the people are below poverty line. They will rob kill or do anything to earn cash and pure cash. They dont trust any cyber coin that floats in midair.

Its difficult to explain to them since they dont really care about it. They are poor and if they suspect you of scamming (which they obviously will since for them everything is a scam) - then they will run at you and murder you. So good luck with that Wink
9755  Bitcoin / Bitcoin Discussion / Re: What is the best source of bitcoin nowadays? on: February 08, 2017, 08:45:24 AM
I see more forum members earning from  a combination of trading,  signatures and gambling....and completing once in a while tasks video or sig contests.

Trading and signature campaigns are good. While trading can be profitable and risky at same time, gambling is a total loss according to me. I am a very unlucky person myself and never make any profits in gambling. That is why I never gambled after the first time. I prefer to use my skills to earn money and let my luck earn it for me.

Many contests here are scam and I dont trust most of them if not being run by a trusted owner of the forum.
9756  Economy / Economics / Re: Is it better to save money or invest it? on: February 08, 2017, 08:42:43 AM
Good is doing both. Save some and invest in something.
That way you can be sure for future.

We need to save money for future use and for special purposes - like starting our own business or running a new idea in our business when we are in dearth of cash.

Again we need to invest our money in the proper places to make sure we earn more. If we have our own business we need to fuel that and make up new methods to earn from it. The latter will require our saved money in order to start it. Then we can regenerate the saved cash plus earn more. In this way the two complement each other and hence both are having their own importance.
9757  Economy / Gambling / Re: FreeBitco.in - Win free Bitcoins every hour! on: February 07, 2017, 10:08:38 AM
This is one of my favorite faucets to use. I don't really play the dice or anything like that but I do buy lotto tickets in hopes that some day I will win the jackpot. Keep up the good work here  Grin

They are making a good money from people like you. There are plenty of people mentioned that their lottery system is not very fair still people like you buy it and encourage owner not to disclose their winner system. I too strongly believe that owner is cheating people in lottery system but they are paying honestly for all their faucet users.

Why dont you try to prove the admin to be cheating their users in this so-called rigged lottery system by introducing a provably fair algorithm yourself? Roll Eyes

The admin has said this several times that if anyone is wiling to develop such for the site he will gladly accept it with incentive for the developer as well.

Otherwise if you think the admin to be really cheating people - make a proper scam accusation in the proper section of the forum with proper format and include all possible evidences that you can - as simple as that.  Smiley
9758  Economy / Economics / Re: Does the Price of Bitcoin Matter? on: February 07, 2017, 10:02:28 AM
I am only using bitcoins as a payment processor, that is why the price of btc is almost irrelevant for me because as soon as I receive some coins, I usually exchange it for fiat money quickly.

Easy for you since there are easy exchanges available to you. Smiley

In our country bitcoin is not popular let alone anyone trade on it much. Hence the number of banks allowing bitcoin exchange is low. I have to get deals from the local boards in order to exchange money. I hope the condition improves later on though so that we can easily exchange bitcoin vs fiat and vice versa.
9759  Economy / Economics / Re: Is it better to save money or invest it? on: February 07, 2017, 09:57:34 AM
Both investing and savibg are good options. Actually,  having a lot of options is better. We can never be sure what the future holds for stocks and banks. I believe it's always better to be ready.
Sorry I dissagree with you. I think investing in proper proportions according to our needs is better than simply storing bitcoin in a long time. though only by storing bitcoin can give us an profit, but if we can get more money by investing as trading why not? at least save bitcoin better than saving fiat.

It is important to save money as well investing it. You cant just invest all your money into whatever field you wish. Then you end up with zero cash in pocket for daily needs and let alone emergencies that may arise once a while.

Both of them have their own importance and both of them are important if you are willing to earn money and live properly.

Again many people think that saving money is a lazy method of "earning" money - utterly wrong approach of thinking - because savings interest rate is very low and its better to think of it as dust collection. Savings is important for emergencies and for liquid cash often needed in excess for daily purposes. It is not a method to earn money.
9760  Bitcoin / Bitcoin Discussion / Re: What is the best source of bitcoin nowadays? on: February 07, 2017, 09:50:59 AM
you can always invest and get a legit profitable return. this site  evurlink.com  I been using them for a while they been good to me. been making bank with em.

A site that gives legit profitable returns? Very suspicious because a legit site declares its features and methods of making money publicly or on a press conference which in either case will make it popular and draw a large crowd of investors.

I suggest that you do a bit of groundwork in this case and make sure you are not investing in some ponzi or scam scheme only there to steal your money. Otherwise its very difficult to get a legit site to invest in which declarers high returns in low time.
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