I tend to agree that you will eventually lose in gambling always. It's better to just gamble for entertainment rather than to make money.
Most people start to gamble with an idea of having fun and entertainment in the first place. However the fun soon starts out to be an addiction due to tempting win of other players, jackpots, occasional bonuses that casino offer. In the end we have the same result - an addicted gambler about to become a beggar and ruin their live. Its important to control your emotions while gambling. Otherwise you will have the same fate as everyone else - zero balance. |
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Create a mix of both, saving this funds could be used for emergency. And invest other funds in different asset class which you understand and yields you good returns in longer term.
I like doing the same as well. When i have money that i know i don't need to spend then i just save a part of that and invest the other part in something that i know can earn me something later on and for me that thing is only alt coin trading which i know can be good for me. It is important to save and invest parts of your income monthly or yearly. You can use the invested funds to generate more money. If you have you own business you would probably want to modify and develop on it so it can reap extra every year. Again savings can help you in emergencies or in case you are in dire need to get extra cash. It does not necessarily mean a savings account. yes for some people it is impossible to do the both at the same time because they do not find much money to do the both with them. But if they invest in the start then after getting the profit from that investment he will be able to save some money and to reinvest some of the money. Yes I agree many people do have very less capital to start of trading or investments, let alone do some savings based on that. For them they should start to generate cash in order to start the market first. The primary aim should be to save some for them before reinvesting the money. Every successful transaction they should put in at least 10% into savings rest into reinvestment. |
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It will be still popular even if Bitcoin had a stable price. Most companies and retailers dont accept bitcoins today due to its price instability. They all would start accepting bitcoin as payment if its price is stable.So, there will be a huge increase in demand for bitcoins which would increase its price and help in the progress of bitcoin.But since bitcoin is a decentralized currency, its price differs based on increase and decrease of demand for bitcoins and price will not remain stable for a long time.
Indeed price instability is closely associated with the bitcoin and altcoin markets. We have been seeing this since the time bitcoin was first introduced and those who bought large volumes at that time are profit-makers today simply because of the prices rising so much. Retailers do prefer a stable price but I think these days bitcoin is mostly used as a trading commodity and less as a currency - specially in countries where bitcoin payments are not that popular like where I live. |
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When do you stop? Do you have a daily limit or something?
It is really must have a limitation in gambling, for us to control our money, whether win or loose stop the game, then wait for the next game again. So that we can monitor the input and output of our investment. First of all we must have a limitation to our daily loss that can be allowed. Second we must not chase our losses. Monitoring our losses or wins in never worth it simply because we will always want to win back our losses due to our greed and the bad feeling of having to lose our money in the first place. Hence we must control our greed in order to stop. Otherwise our greed will take over and we will lose more and more until we are left with zero balance. |
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Create a mix of both, saving this funds could be used for emergency. And invest other funds in different asset class which you understand and yields you good returns in longer term.
I like doing the same as well. When i have money that i know i don't need to spend then i just save a part of that and invest the other part in something that i know can earn me something later on and for me that thing is only alt coin trading which i know can be good for me. It is important to save and invest parts of your income monthly or yearly. You can use the invested funds to generate more money. If you have you own business you would probably want to modify and develop on it so it can reap extra every year. Again savings can help you in emergencies or in case you are in dire need to get extra cash. It does not necessarily mean a savings account. |
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If it is stable, all traders will be glad in here, we are about to see that all other traders will be happy, we cannot see and predict it will be ok or not, because others will benefit, while others will not benefit. We must first think what will happen if it will be stable
No really correct since traders depend on the fluctuations in price for daily earnings. People mine crypto and then sell them for cash when prices rise. If prices were stagnant no one would bother to mine them/buy them and the economy would be pretty much nil. Stable prices in crypto only lead to the tagging of that currency as "dead" like what has happened to many such coins out there. |
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whether revenue from the website also includes passive income? every day I take the time for this forum and my website I have to make a minimum of 1 articles in 3 days, when I first tried it's hard, but hard work is followed with great results
Yep. This is my passive income too. Joining in signature campaign is great for me. It makes me make a profit every week. And I am happy because of simple replying and maki it constructive makes me a passive income. So for signature campaign us the best passive income here in bitcointalk and internet. There is nothing called "Passive income" - there must be some active role otherwise no one is going to pay your for free. Writing articles does need active brain functions and thinking. Making constructive posts and participating in signature campaigns need time and thought and reasoning. Hence they are not passive income - in fact there is no such thing as passive income. |
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Investing is currently one of the best things you can do right now.
Btc keeps going up and some sites only keep getting bigger.
Buying and holding bitcoin is a good investment itself. Since prices are increasing everyday in the long term its money in the bank. However this is not for the panicky traders who get palpitations whenever prices fall for one unit and they start hyperventilating  Bitcoin holding is a long term one and its definitely better than gambling where we have only luck to wipe out our money. Again altcoin trading is good and risky but worth it. |
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The easiest way to make a profit from gambling is to simply just win but of course that is much easier said than done.
If there was an easy way to win it wouldn't be called gambling.
The word gambling is associated with some terms in general notion - high risk, huge loss. The word "luck" is the only thing I think is important in gambling. According to me there is no "easy way" to make profit in anything (not just gambling). I myself am a very unlucky person who never won anything in gambling hence I quit gambling long back. |
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If you too often lose, of course you get sickness, but if you got big victory, you never sick. I think this is depends of the result. Many people complain when lose but they forget after get win.
I dont agree with you, Then why are the rich people playing gambling? I always say gambling is addictive, it's just for fun People do feel sick and worthless when they lose money in gambling and full of excitement when they win, its very much natural. Again the fact that someone lost their money, they will feel sick unless they can win it back - they will gamble more and more till they lose a lot of money before stopping - again the next day they will return and try to win back more and lose again, and the cycle continues. So these people are addicts and mentally sick not physically sick but they need rehabilitation. |
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Well it has been clear now that most investments aren't delivering that many gains compared to just holding Bitcoin and maybe shorting when it's an insane amount of rise in a short period.
Unless you have some good ideas to invest, better just buy and hold bitcoin and then gamble casually if anything.
If you know where to invest you can get good returns. Investing in doubling schemes, ponzi and MLM is always a loss since time immemorial. Investing in your own mining rig is good if the other costs are cheap where you reside. Trading is a really good method to earn good amount of cash but is risky as well in the altcoin market. Buying and holding bitcoin is also worth it less risky than daily trading. I never suggest gambling since I am a very unlucky person who never made any profits (nor do I intend to) from gambling. |
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Are you some government official (just curious)? No im just a student. The problem is that you can't just take and tax Bitcoin. You can set tax traps at the ins and outs of the system but you can't tax the system itself and you can't ban Bitcoin either since you can't forbid what you can't prevent. Any method to tax the users is okay by me - the main point is that we must tax the users in some way or the other - otherwise where will the revenue to run the state come from if bitcoin is used in large scale in place of fiat. And now you are suggesting to prosecute Bitcoin users. Yes, its my choice What do you think the latter will think of you and your suggestion? I don't mean you personally, of course, but you are basically thinking along the same way that many governments are most likely thinking Not bragging but my city is where the least number of bitcoin users are present - most of use there just love the fiat. No offence but I cant stand the fact that some people are thinking of evading taxation by using bitcoin - its detrimental to development of a country - which in case of my country is already very poor compared to 1st world countries. |
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You are very right and most of it depends on luck. Some gamblers loses even in skill-based game maybe because they have missed something or did wrong so that's why sometimes they don't win. And newbies win because of pure luck.
I dont know where you get this from bu there is no such thing as pure skill based game. If there is a pure skill based game then only those skilled in the game will dominate it, luckily there is none and there is only combination of skill and luck based game which makes the result totally unpredictable even if you are skilled in it How about the games like drag racing? It's purely skill based and people bet on that. You can bet money too as a player. Boxing is another example of this. Literally all types of sports are skilled based game that you can gamble on. That's 100% skill based. I think you're putting a limit on your thinking. You're just thinking of this dice, roulette, etc. Those are purely luck based but gambling is not limited to that. People bet on almost everything. Even the presidency, people gamble on that. I agree that skill based games are better to bet on rather than the luck based casino games. However you should be knowing that many games are fixed and the money-lines are manipulated in ways to make to gamblers bet on the party who is fixed to lose. Also psychologically the players manipulate the gamblers buy fixing some games themselves - like winning the first game and losing the next and then winning the next in a set of tennis. So in the end I think it only depends on your luck in case you manage to bank the fixed game properly or not |
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Bitcoin has been one of the greatest discovery in the world and no doubt that it really helps the economic growth. Yes it is a future money but it will not replace the fiat as a legal tender because not all people nowadays are using bitcoin because you need internet to use it and other people don't have internet access.
It is the best currency that world discovery but seems other country don't accept bitcoin why? Because they don't believed on bitcoin where they know bitcoin will be scam currency so soon they always choose fiat over bitcoin , investing using their banks now all people are using bitcoin not all people also don't have internet access to the website. Many countries and rural areas of developed countries dont have proper electricity access let alone internet access. I know that bitcoin is a future currency but considering the fact that the government draws taxes from fiat transactions, and not from bitcoin, the latter transactions are bad for the country and the economy of the country. No taxes, No development in our country. Nothing political but I still consider that bitcoin users should be taxed in some method and legally prosecuted if found to not pay proper taxation. |
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Not necessarily everyone BUT gambling is a negative loss game, that's known and confirmed. The house edge is always against the player and that's confirmed in online and offline games.
People already know it but they still gamble - all because of our greed. If we keep playing again and again the house edge will catch up and the losses are inevitable. Once the person loses their money they tend to gamble more to win it back, this makes them addicts and in the long run they lose more and more and keep chasing it until they become beggars. |
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It depends on what do you want. First if you want to have fast earnings you should gamble but it is base on pure luck. If you want ti eisk your bitcoin because you might lose as well. But if you want to just earn and willing to wait, you can just invest your bitcoin and wait for the right time to withdraw
What you stated is the general course of life. Everyone want fast earnings with minimum sweat - that is they resort to gambling and risking their lives on gambling - it does not turn out to be good and they learn their lesson and then try investing their money. I have always preferred investing - to be honest I never thought people could consider gambling as method of earning - except for the casino owners of course and that one in a million gambler who wins a jackpot. |
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Yes right, bitcoin prices are very problematic. I prefer stable than like this, we all will certainly leave bitcoin if we feel the loss. My conclusion, bitcoin prices stable so it can make a certainty.
Do you understand that 80% of all bitcoin users are actually traders of bitcoin. Traders who trade on fiat/bitcoin, altcoin/bitcoin and so on. If prices became stable then there would be no excitement among the traders and the bitcoin economy would be largely affected. Of course if you are a shop owner who accepts bitcoin it can be really troublesome when prices rise/drop. But you have to deal with it. |
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Admin, I want to suggest one minor "new feature". Is it possible to add a feature like "Your last ten rolls", because more than once (last night was the latest), I roll a second or higher tier while I was on my phone but I can't publish it here because I was on certain situation where it took too much to snap with phone (I did some screenshot with phone and posted here, but that is because I was at home and I can do the whole snap then upload and things like that under my convenience). So, if we can have those feature, I think it will be very nice to "oh, I got a high roll. Let me post it later from my laptop when I am home."
I agree with this idea. I often play on my phone as well when I am at work and outside. It will of be of help if we can see our last rolls, lotteries and dice rolls at some section of our profile. Then we can post it here as well in a more concise manner along with the original screenshot (if taken). Maybe a link on that page to this thread as well so we can navigate easily to this page directly as well. |
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easiest way to gamble in btc was find sites that are legitimately paying their costumer, i suggest that you gamble on dice. it is hussle free and pure luck is needed. there is a pilot mode on that gambling where you can just sit and watch your bitcoin win or lose. it depends on your luck. and for the investment im not yet familiarized with investments, but dont be baited for those doublers. as many of them is a scam. better ask first before investing on some sites.
The sad thing about gambling is that people know its a sure loss but they still gamble just because their greed forces them to gamble. Going auto-pilot is next to committing suicide on online casinos. Investing in doubler schemes is a known age-old scamming method. But still people fall for them - reason is same - our greed. There is nothing called asking in investment - you need to get some experience before investing in any place. That is why investing in businesses that you know personally is safer than others - like real estate and trading. |
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It is the only thing that matters to all the traders, speculators, business, hedgers etc. It depends upon the price at which they buy/sell.
Not only matters to all of those, it is also important for the average user of bitcoin, because if the price gets too low you will think twice before spending your bitcoin when the value is so low, in the other hand when it gets an higher price you can buy more with your bitcoin. I agree that it affects the merchants in this manner - those who accept bitcoin. I would like to buy an article when bitcoin price is low. But this is hardly the case because the prices will rise in the long run and hence nowadays bitcoin is more of a trading commodity than a currency. It is more important for the traders and speculators not doubt. |
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