In some Asian countries bitcoin is very influential for people to invest. why it is still illegal for a particular country. to be more clear and can be received by the government like where?
You have to understand the factors on why bitcoin is illegal to most Asian/Western countries in order to derive the answer to your question. To shed you some knowledge, here some of the reasons on why I think bitcoin is prohibited: - Due to its decentralised nature, the lack of any government regulation makes it a threat to the community especially the existence of ICOs that may take advantage of the people;
- Its highly-volatile nature makes it skeptical to some investors as it results to some ponzi scams made by sketchy companies;
- The lack of collateral/security makes it a 'high-risk, high-reward' system; and
- The government's purpose is to protect its people and the country. Anything that may potentially infringe the security of the people in terms on its transactions would lead to the government exhausting administrative means for their protection
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A lot of people wonder what is the criteria of a good gambler, here are some of my thought about good gambler
a good gambler never chase profit
Profit might be the first reason why people gamble, but a good gambler never attached to the profit, the most important thing in gambling is excitement and fun experience, having profit is just the bonus
a good gambler able to control himself / herself
Self controlling is very important in gambling, without a clear mind there will be a lot of mistakes in betting and even causing reckless betting and losing all of the money in split second
a good gambler know when to stop
Setting a limit is very important in gambling, setting a lost limit will prevent you to over spend your money and setting a win limit is also important because in the long run the house got a bigger chance to win due to the house edge
a good gambler never cause any problem to the surrounding
A good gambler know that the chances of losing money in gambling is huge, so a gambler should never used daily needs money or borrowing money to gamble, and a gambler should never think of robbery or stealing to gamble
a good gambler can accept lost
When losing a good gambler won't blame the surrounding, cursing or accusing the casino as fraud places, losing is the half part of gambling, if you can't accept lost then dont start to gamble
a good gambler should able to manage the time
A good gambler know how to split the time for family, for friends and for gambling, a good gambler never neglected family or friend just because of gambling
We must encourage people to become a good gambler, so people won't always have a bad judgement about gambler
Actually, you generalized and summarized all the necessary traits not solely for gamblers, but also for people who are struggling financially. You know, the number one problem with gamblers is their ability to continue despite having a losing-streak. Never chase profits especially when you utilise a means which revolves around luck and odds. Gambling is the worst method to chase for profits especially when you are struggling financially and are also drown in debts. This summarizes all the questions about the characteristics and habit of a gambler. If all gamblers posses all this then there should be no gamblers doing crimes just to pay their gambling satisfaction. There are also no broken families or families that lost their financial life because of gambling. Take time to read this and make this possible in every one of us.
You are right but the problem is that not all gamblers share the necessary attitude, discipline and traits that OP has mentioned. When you are financially struggling, their vision and decision making skills tend to be blurred by the fact of paying your obligations. |
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Hello Bitcointalk Family,
About one month, Bitcoin Price up and down between 10-12k USD. And, it went below 10K for some reasons. But My Confusion is" is this price will be stable for long time?" or is there any chance for pump like before? What do you think about it?
Please kindly inform
Thank You .
Now i think this situation will be continue for few months and in June bitcoin will be started to grow up. I can only predict about it and i see the videos in YouTube they also predict just like my prediction, it mean we should wait for a time and hold bitcoin now the pump of bitcoin price is not far for us. Personally, the price of cryptocurrencies in general would never be stable unless a third-party would intervene on the said regulation or imposition of taxes. We all know that due to its decentralized nature, lack of government intervention or any company regulation contributes to its another nature, which is its volatility. Though there are times that the prices are relatively stable on a given price margin (i.e $7,000-$8,000 mark), usually the price skyrockets or decreases depending on the circumstances around the world. |
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The reason on why bitcoin is currently banned in some countries in Asia due to its nature being decentralized. People would utilize the the dark web in order to gain access to covert data, things, or videos. Since the government has scarce resources to track down illegal transactions happening under the dark web, countries would just ban the utilization of bitcoin as a 'band-aid' solution to this ongoing conundrum. But if the government found a way to decipher information in the block chain, this may imply that bitcoin may be regulated soon. |
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Never in my life I cheated in gambling ,I want to play fair and square. I hate cheaters and I don't like to play with that kind of people, in my place we already knew who have that kind of atittude so we avoid our selves to play with that person and they will always be rejected.
Any form of cheating is still cheating regardless of its nature. Once you performed an act that has an advantage over the other illegally then it is considered as cheating. In adherence to gambling, even though the nature of the act is based on odds, cheating would result to an individual's persona non-grata on the said casino or may be even held criminally liable. I'm so proud to be part of this community who has decided to never cheat in gambling while I can't quote each and every post I liked, I'm really happy that each and everyone was ready to loose than cheat. They may call us by whatever names they want, tell us we're messing our lives, but they can't call us cheaters. Though occasionally you see people come here and complain they were cheated or sell fake scripts these are the few rotten apples that shall be chucked out of the system as I feel we'll have our ethics guard up.
Generally, people around the forum have respect and morals over their works and acts. People who mainly cheat are usually the ones who are suffering from financial needs or problems. Most individuals gamble for the purpose of entertainment; cheating would totally destroy the purpose of having fun. Nevertheless, ethics must be properly followed like what is mandated on the laws and rules. |
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Almost everybody joined bitcoin to make high return from it, and objective of every invest is profit making, they is no business sense in buy bitcoin at the rate of 18$ and sell it as low as 8$, so wait till the price appreciate is the only option, if you are not in any financial pressure.
I agree. People should look into the perspective on not selling their investments to a price lowered from how much they bought it. If these individuals are financially settled and there exist no conflicts or anything whatsoever, then I do not see the point of selling your bitcoins. People need to understand that investing may yield you varying results depending on the circumstances provided. One may experience positive results but this does not mean that negative results would not happen. |
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A lot of people do trading even if they don't know nothing about it and some people succeed on that but most of them failed.
One of the reason why I think they do that, is because of GREED which can result to a big loss for them.
Start with education, make a lot of research, do some practice trading online
and use it later on in real life. Don't rush to earn money because in trading its hard to do so.
Are you a trader in mind but scared inside?
Be more patient, develop your emotion and win in this market.
I agree on this but I also have some reservations about it. Firstly, individuals who start their journey in trading should do their part before they engage into such activities in order to avoid potential risks and mitigate damages in case of losses. Second, one must also be resilient, determined, and patient as trading involves a series of decision making skills that poses a risk of losing most of your investments in one go. Third, while profits that you receive may be significantly large, the amount that you need to risk also balances (sometimes outweigh) the scale of losing it all. While trading may be indeed profitable for experienced traders, they also experience losses from time-to-time due to what you said, being GREEDY. But being greedy is not that much of a deal, relatively though. |
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Wait, didn't China imposed only strict regulations on the ICOs of some companies since it has been abused by various individuals? If that is the case, then we may expect the prices of bitcoin to at least skyrocket once the SEC of their country has lifted the ban/prohibition. We all know China has the largest population of individuals who utilise cryptocurrencies in their daily routines.
Just like many members of this forum, I would rather believe it when it is already announced by the government officially. As of now, this is just speculation though a positive one. We all know that the Chinese government decided to ban ICO all because it can be something they can not control and they are afraid the platform can be used for illegal purposes. In case the government has a change of mind and would later on allow ICO under a very strict regulatory framework then I myself will welcome the development but as of now I would just not pin any hope on it.
Yes, i couldn't argue no more hence it should came from the government and not just in any social medias report or maybe it's just a rumor to let everyone starts to believe. If that person talking about that was trying to change the thought of their investment because he sees too much FUD, maybe that's why they did talk about something like this but i won't believe on this until there is a government involved. There has been a lot of fake news/articles circulating recently but these kinds of news inevitably bring joy to my heart. A soon to be hegemonic country supporting the innovative system of cryptocurrencies may affect bitcoin's price significantly once these changes have been implemented in the future. |
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I don’t know how much more. My $1350 investment is worth $526.78 as of this moment.My coins were BTH, LTC, and ETH.
This has been the concern of every investor, they are holding at a loss, especially those eth holders, you can either sell now and avoid further loss or you can wait but it will take a little longer, the decision will always be yours since you know what are into. I just cannot fathom on why people complain about their investments losing value. I mean, it is inevitable for one to experience such but you should understand all the consequences and repercussions of investing into a volatile and decentralised currency. Like what he said, if you are in the rush or you have obligations you need to pay then withdrawing your coins would be the obvious choice. But if you are not doing anything, then I suggest that you should just let time mature the value of your investments. Rule of thumb: Never sell your investments in a price lowered from what you acquired them. |
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In 2013 to 2014, Bitcoin crashed from $1000 to $200 From 2016 to March 2018 Bitcoin was: $1,000 to $20,000 $20,000 to $6,500 $6500 to to $12,000 $12,000 to $7,500  Bitcoin is the most "feared investment" after going up from $1 to $10,000 in 9 years and big names saying bad things for Bitcoin and cryptos Well, you just summarized and said it yourself but this was by looking it on a negative aspect. If you consider the jumps and pumps, one can actually earn threefold of their profit if they let time matured their investments. Going back, 5-6 weeks ago the prices of bitcoin fell to around $6800 and after a week, it regained its current price by around $8000. If people invested when the dip happened, then they would have at least earned profits relative to their short-term investments. That is why bitcoin is categorized as a 'high-risk, high-reward' type of investment due to its nature being volatile and decentralised as compared to other investment mechanisms. Like in any other investment that you make, consider all of your money invested as the money that you are willing to lose in order to mitigate the damage once its price decreases significantly. Only invest the amount that you are willing to lose but this may also hinder you from earning large amounts of profits. The choice is yours to make! |
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Even if you give so big details,the gambler will always play gambling until he is not finish his bankroll. So in simple words everyone know about it even then they gamble
Even if gamblers know the consequences and the repercussions of gambling, they would not bother stopping their acts due to their addiction. The real problem with gamblers is their mindset of hoping that gambling would answer all of their financial problems and provide them with a decent living. But in reality, it only creates this endless illusion of someone going-in and out of casinos regardless of their winnings/losses. With gambling, people tend to gamble more despite them winning or losing due to the presence of greed. If they can overcome such hurdles, then they might start developing the attitude of discipline. |
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I think the reason for bitcoin's volatility is the unbalance demand and supply of bitcoin, if bitcoin has been mined and owned by different person the price will be stable isn't it? Just like how demand and supply on the real market, low demand with high supply tends to a low price and high demand with low/limited supply tends to a higher price.
The reason on why bitcoin's volatility changes frequently concerns about its lack of government intervention and a limited amount of supply in the market. Be reminded that there exists only a limited 21 million bitcoins on the market. Like what you said, the law of demand and supply also contributes on its high volatility in the market. Not to mention, the demand of bitcoin due to the hype caused by social media have caused an uproar on its price remarkably. But I believe that this volatility can be explained due to the lack of any regulation caused. |
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Like every parents want to leave something for children for their future.
Which investment is safe?
Bitcoin?
Stocks?
Real Estate?
Personally, here are some of my thoughts about each aspect when it comes to saving for the future: - Bitcoin - Many people consider bitcoin as the bread-and-butter of investing as its volatility makes it a perfect candidate for short/long-term investments. But due to some country prohibitions and world-wide law implementations, no one really knows what will happen to bitcoin. Not to mention, the lack of collateral and security makes this investment mechanism riskier compared to others but the returns are the largest compared to all.
- Stocks - Stocks are essentially for long-term perspective wherein people may gain large amounts of profits given the right circumstances. There are a lot of factors that you need to consider, like choosing the RIGHT company to buy shares with, being patient when you see the prices decrease, etc. but stocks are regulated by the Securities and Exchange Commission wherein you have collateral and security over your investments.
- Real Estate - The value of land increases overtime and this is the only the tangible investment compared to the others. The only hindrance about real estate mainly revolves around its depreciation value (if buildings, condominiums, houses).
Personally, you would want to diversify your investments by at least having a share of investment on each mechanism in order to fully maximise your profits. Focusing into one type of investment mechanism would only increase the risks of losing all in one-go. |
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Bitcoin is a currency. Bitcoin is a solution to many problems. Bitcoin is bringing questions and new problems to this world.
Some people find this as a ride to boost your income, not specifically Bitcoin but also the whole crypto market.
I think it's a great thing! But what are you actually looking for? Bitcoin itself (the currency) might not be your solution.
If you want to "conquer" the world, you can't do it with Bitcoin. Like you can't conquer the world with the dollar itself.
You need to focus the technology. The blockchain along with it, bringing a new economy generation with freedom and decentralization.
It's something that should be written a new bible about in my opinion. Before you learn Bitcoin, learn economy. Once you master this skill, own Bitcoin as one of your cards.
I would like to hear some of your opinions and hear some smart words because I believe people think investing Bitcoin will make their life done financially but I honestly think it's not true.
Well investing into bitcoin MAY open new opportunities and boundaries for people who hopes to be rich someday. But for this to happen, they must be constantly updated to the news relevant to cryptocurrencies in order to reduce the risks and maximise their profits. They must be aware of their investments from time-to-time in order to know when they should be selling/acquiring more coins. About the idea of making bitcoin as your main income would be relatively difficult, as you are letting your income be decided on something that is naturally risky. Though bitcoin has the potential of yielding large amounts of profits in a short-amount of time, you also need to consider the amount that you invest relative to it. That is why this type of method falls under the category of 'high-risk, high-reward' kind of system. |
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I think that bitcoin will not be made legal for a long time. For the state on the one hand this is an additional income on the other hand, this is a big risk for the country's banking sector.
Bitcoin will not become a legal means of payment until it is understandable to the state.
Technically, there are countries who legalise the utilisation of bitcoin like Japan since they view it as something that can be beneficial to the state and to the society. Though some countries like China, South Korea, and Malaysia have imposed strict rules, regulations and restrictions, they absolutely do not prohibit it completely. In the aspect of making bitcoin as an alternative payment, some countries have started accepting bitcoin as payment to retailers, services and products. The problem that I think may occur concerns the transaction speed since it needs to be accepted under the blockchain technology. |
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I'm a newbie. I just started to learn about the bitcointalk forum. So I hope to receive instruction from everyone. Thanks
There is a tab under the forum called 'beginners section' where it contains several rules, regulations, knowledge, and tricks about cryptocurrencies in general. There is also a SEARCH BAR in the forum where you can ask questions about anything that is related to cryptocurrencies. Since you are a beginner and you want to earn money, it will probably take some time for you to join campaign signatures as I believe as of one the efficient ways of earning bitcoins weekly. If you believe that you have the necessary skills about anything in general, the marketplace has people who demand certain services for you to utilise and maximise. I'm a newbie. I just started to learn about the bitcointalk forum. So I hope to receive instruction from everyone. Thanks
In starting to participating in this forum the first thing that you need to do is to gathered a information and knowledge about.anything that regards to this system. For a newbie like you, I suggested that you may go to Begginers Section where in you can gain there a lot of information. And also you can search in other websites like google and YouTube for the additional knowledge that you can gain there. Indeed! This forum is one of the best venue to learn and obtain information most importantly about cryptocurrencies and same of its kinds. And I hope everyone here is responsible to whatever they post and provide authentic and truth statements. You can do research on legit sites like Reddit.com or watch bitcoin related videos. The reason on why bitcointalk.org views as the most efficient website can be observed through the users. Most people who posts threads are almost related to bitcoin unlike reddit, where some irrelevant stuff are also present. When you post a thread containing questions related to bitcoin, most people would reply right away to help you. |
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Been inactive for awhile and I was pumped up to rank up my member status from Member to Full Member by increasing number of my posts. When it meet the requirements, I was surprised that we need additional Merits to rank up our position. I think it is really good to eliminate negative posts to help the community growing up. Now the question is how to increase Merit? Is Merit trading allowed?
Nope, technically speaking it is not. But, black market is out there ruling the black world with its strong influence. You just need a lot of money lol I have seen some posts under this section wherein several trusted members do not condone 'merit-trading'. You need to understand that the merit system was implemented in order to substantially decrease the number of post spammers and trash threads by limiting members from ranking-up based on their post quality. Though it may be subjective for one to decide which post may he/she finds qualified, but it has at least affected the forum in a positive light. The reason on why merit trading defeats the purpose of the system since it tolerates cheating (if that's the exact term). When you trade merits with someone and your post quality does not fit the standards, then you are just simply cheating your way to the top. It totally eliminates the need for one to provide decent posts since there actually exists a way for one to increase their merit without making their post quality decent. On a side note, under the marketplace section there are some individuals who award people merits based on their post quality. You might want to check it out if you believe that you are qualified to such. Good luck! |
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I think you need to set two goals, first one is how much you want to spend, and the second one is when you gonna stop, how much you want to get. You win or you lose it doesn't matter just stop after your limit is reached.
Personally, I would suggest that before you gamble you must establish a maximum threshold of the amount that you are willing to lose/earn and consider all of the resources as money that you are willing to lose. Another thing, do not gamble with the goal of using it as a method of paying your obligations or debts. This has the tendency of making gambling as a necessity rather for entertainment. One might also argue that this may lead to a continuous process of you, going-in and out despite of your winnings or losings. Just enjoy the game and try your best not to get addicted. Actually, I always limit my gambling amount.After losing that amount which I noted I simply stop gambling.Sometimes, I limits the time like 1-2 hours.After the time I stop gambling anyhow.Gambling is risky and I want to leave it as early as possible So that it couldn't effect me a lot.
Exactly what I was saying. People need to realize that gambling cannot answer your financial problems/needs since the risks are innate to the process. If you want to solve all of your financial issues then gambling would just put you in a tighter spot as compared before. |
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I already started crypto trading. But i cannot understand how to get profitable in crypto trading. How to understand which coin is the best for buy. I don't know how to become successful in crypto trading. So guys, please tell me which knowledge is important for crypto trading. Thanks...
You should know at least the basic knowledge of trading. Preferably, one should have at least any background from an economics in order to understand the market better as compared to the ones who does not have. Though it is not required for one to have such background, it is preferred as it may result to better results and for risk avoidance. But the primary factor here to consider is the experience of the trader on his field since it hones their talent and skills through the years of working on the actual scenario. I have some friends who do not have any background with a business/economics degree but they earn large amounts of cash and are also experts on their field. |
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Banks are attacking bitcoin due to competition. If bitcoin enters the value of fiat will lose its value, this the main reason banks are not accepting bitcoin. If they accept bitcoin their country economy will go down. So banks are afraid to accept bitcoin.
In fact, the banks are afraid of Bitcoin's ad, so Bitcoin is worth 15,000 or $ 1,500 does not matter. But when Bitcoin goes up to $ 20,000, everyone is talking more about Bitcoin, and the flow of money flows towards Bitcoin. Generally, banks want to eliminate bitcoin as they see it as a threat to their system. They believe that they must remove it before it removes them! Due to bitcoin being free from any government control and people are utilising it as an alternative currency, banks are somehow reluctant that it may become so large that people would start choosing it over them! Remember, banks are also controlled by most philanthropist and they consider it as business. Who would not want to eliminate other threats that may disrupt their earnings? Source: https://www.forbes.com/sites/panosmourdoukoutas/2017/09/14/why-big-banks-attacked-bitcoin/#91b8c236c534 |
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