Debt is really a big trap. A smart gambler have to be careful and control him self to not get addicted and drown i debts. Paying back people is not easy especially when they owe you big amount of money.
You also need to consider that most gamblers' perspective towards gambling is that they can be successful without paying the cost at the end. Now, the result of their decision based from their gambling addiction is being drowned in debt and they still gamble because they believe that gambling can answer all of their financial problems. Being addicted to something destroys all negative implications of the user because what matters to them is the satisfaction that they experience. Why would they change their ways if they feel satisfied? That is one of the problems of most gamblers who cannot control their addiction which needs to be addressed at the quickest time possible. |
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Bitcoin approved and discovered in the world on 2009 and the first price is $0. And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017] 2009 [Discovered] - 1btc = $0  2010 - 1btc = $0.1 - $0.08  2011 - 1btc = $0.75  2012 - 1btc = $9.04 2013 - 1btc = $301.20 2014 - 1btc = $753.01  2015 - 1btc = $451.81 2016 - 1btc = $828.31  2017 - 1btc = $3664.25  From this list we know bitcoin is not stable , frequently make increase and reduction on price. Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ? In fact there is! On July 2017, you did not include the fork that just happened which significantly reduced the rice of bitcoins down to $1950. Also, the price of bitcoins also decreased recently like 2-3 weeks ago due to China's banning of ICOs in their country. There are many factors that affect the price of bitcoins and due to its volatility, it is also very hard to predict whether there may be an increase or decrease on the short-term perspective. But the chart you provided is very accurate towards the increasing part of its price. Even though there are factors that decrease its price, it still remains that in the long-run perspective, the price of bitcoins still increase. |
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Hi Everyone, I am new and doing research on Bitcoin and some other cyptocurrencies. Just wondering if i were to invest, will Bitcoin be one of the safest to dump my money into? Thanks and hope to hear your opionion soon people!  Easily comparable by using price as a basis when comparing bitcoin to other cryptocurrencies. Also do note that bitcoin is the first ever "decentralized cyptocurrency" and was made last 2009 by Satoshi Nakamoto. Bitcoin's existence has evolved and influenced other cryptocurrencies as well and this is the reason on why many of it are starting to develop by this year. Lastly, bitcoin's influence has a scope of around the world and the number of users are increasing per day due to its volatility that can yield profit by short amount of time compared to any other investments. |
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so, what id like to do is invest bitcoins to a stock or mutual fund account, but am not sure the best way to go about it. any tips/advice?
Investing bitcoin quite excited to invest and double our btc to earn lot. We sure bitcoin will support us to invest again and double our income. Why all people call investing in bitcoin investments? I think this is a common speculation. Investments should always be focused on the development of production and creation of additional jobs. Bitcoin does not fall under this definition. Bitcoin does fall into the investment category since the process involves letting your bitcoins on your wallet mature by letting time pass. Bitcoin might not able to produce or create additional jobs like bank investments (since you let your money use by the bank for circulation) but it has the factor of increasing its price through time. Also like any other investments, it has the risk factor of losing or gaining profit in the end and that is why it falls under the investment category. You invest your time and money with the speculation of its price increasing in the future. |
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I need your opinion about having bitcoin for payments in online games, it is good or nah?
Using bitcoin as payments for in-game items and upgrades is very useful since many people are capable of technology devices though bitcoin and online games are done by computers.
I thinks its very efficient for me as a gamer and a bitcoin user to have a transaction or payment like that.
Fortunately, my bitcoin wallet provider here in the Philippines (coins.ph) supports the option of converting my bitcoins to in-game currency through conversion of coins. Whenever I use that function, large online game providers like steam, level-up games, etc. are available into converting my coins to their respective currency. Due to the rise of e-sports competitiveness, online games are currently rising in terms of reputation and number of daily/new players per day. This provides bitcoin as an excellent source which in return can potentially attract individuals into using it. |
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I saw many people here wondering what to do with Bitcoin, hold, sell, invest...The scams, the ugly side of people.
Just remember couple of years ago, the FBI and the Federal Reserve tried to kill it, and now we are talking or near $250 Billion capital.
In next few years it will reach $1 Trillion.
MAN THE FUCK UP! This is not money, this is not commodity! This is not a stock or bonds...THIS IS BITCOIN.
Real Banksy
[ As in prank] or [Maybe not]
Well, this is one of the things that we take for granted, including other stuff that might grow bigger in the next few years. It's surprising to see that the potential of bitcoin has already skyrocketed within the span of 3-4 years and we haven't fully utilize its maximum potential. I really do hope that the government of other countries will take bitcoin seriously due to its infinite opportunities to the people and also to the economy. Maybe in the next 2-3 years, bitcoin may evolve into the next generation currency that will shape the economy towards success and development over developing countries. |
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I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
You need to know first that bitcoin's nature is decentralized and volatile- meaning, no bank or entity can ever regulate it. Another thing, due to its decentralized nature, people use bitcoin as an avenue for illegal transactions due to its anonymity in terms of transacting with individuals. Have you ever heard of the dark web? If no, people use bitcoin as the medium of exchange on that web and it mostly, it contains contraband activities. Lastly, government bans the usage of bitcoin because they can't impose tax on something that is mostly used by the general public. |
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If you're a business minded person turning gambling into a profitable business is easy (IRL), because gambling is already profitable in so many ways. You can have your own place and equipment. And once someone tries to play you can charge them on every game its like a table rent. You can also try to use the crowd based gambling where a group of people pays up first and compete in a certain sports. Winner takes all but also you need to have a share over the winnings
the only way to make gambling an earning is when we invest on them or take part as a partner of a casino. Though when we know to manage our winnings then we can earn on it depending on our strategies. Earning money in gambling you can take off from your mind it is not easy, and you use any strategy no matter nothing will work. Becoming a partner to casino site is worth and profitable, but you have to invest big amount first. And not all casino sites will make a profit because if you do not provide good support to players you will get negative feedback from players, and it will spoil your site reputation. The reason is because, gambling creates an endless illusion to the individual because of the perception of winning while playing with risks. The problem with gambling, it makes you participate even more regardless of you winning or losing. This endless cycle of participation occurs especially when one gets addicted to it. Like you said, gambling in the long-run can never be profitable to an individual and in fact, harms even more the mindset because of lost in their priority. There are only 2 scenarios when one gambles: even if you win, you will come back and if you lose, you will also go back. |
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The best time to buy was several years ago. The second best time is now.
I'm pretty sure that bitcoin will reach another highest value in this year. Imagine if Chinese exchanger also operated once again afer being regulated , this will be a great / positive toward bitcoin value. I'm usually spend my monthly salary for investing bitcoin without any doubt because I've trust bitcoin over 3 years and keep counting until now Technically, patience is the key on buying coins for investments. Due to the ICO ban on China, large bitcoin trading platforms are slowly closing their operations and its impact to the bitcoin liquidity may be felt like 1~2 months from now. Due to bitcoin's volatility, it is difficult to predict the price by just looking at the chart history but you can infer that there has been a steady increase in these past few days. The best time might be now, or even next month but you need to establish your goal, either for short-term or long-term investments. |
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Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon.
I heavily disagree that bitcoin will be a weapon in manipulating the world economy. First, you need to consider that most countries around the globe are still on the "developing" stage, thus their priorities are inclined with the developmental of infrastructures and attracting investors to boost market liquidity. What's the relevance? Bitcoin's nature being digital means that its access is only available on the internet itself. If bitcoins were to control the economy, this may potentially destroy the economy of developing countries since most are on the poverty level, which does not have internet connection by itself. |
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Let's say that the average price of bitcoin in 2010 was 0.04 USD. Let's also say that the average price of bitcoin in 2017 was 2000 USD. This gives a 4 times increase each year, on the average. If this increase in bitcoin price will continue, then in 2 years its average price will be 32000 USD. Some say that in 5 years the price will be 100000. In my opinion this is believable. It could be better than this, 1 million price for bitcoin in 5 years is also believable.
Well the sky is actually the limit and everything is possible with Bitcoin but i wouldn't put myself under pressure and be too expectant within the next 5 years. I think it's better if we just set realistic targets so that if it doesn't skyrocket too high we wouldn't be disappointed. We must first consider the factors on why bitcoin's popularity and price increased through the years. Before, only a few knew the existence of bitcoin and its potential in terms of market price and and demand. People actually took the risk of its potential value and fortunately, their risk paid off. Currently, bitcoin's popularity is increasing per day and large market industries are beginning to accept bitcoin as a form of payment which result to its price skyrocketing every now and then. The main problem that I see with bitcoin is about its acceptance through other countries. Like on the latest news, China will ban its bitcoin operations from large trading platforms and we all know that they are one of the largest bitcoin platforms across the world. From this ban, bitcoin prices suddenly dropped from $4500 to $3500. What if in the next 5 years, another country will make the same move as China? We must embrace its potential and opportunities today in order to maximize every blood to its last drop. |
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It is not yet their time but yes. It will be their time soon. They should flock up when the dump storm will be all over. When will that be over? Only the people behind it know. And I am not one of them.
I think it's become way too cheap at the moment for any serious small investor to take advantage rather than wait for it to drop further because that is very unlikely. I will take advantage if I had the means currently to buy more down and I guess a lot of people will agree with me. Also with me, I will agree and of course everybody will be buying now since the price really lowering it's value. This time is a good timing to grab this great opportunity, and it shouldn't be missed. However that isn't good to decide quickly if ever price will rise for a few rounds but other's selling right away. They're just dumpers and don't hold for so long. China announced that by September 30, they will stop the operations and ban the bitcoin trading platforms across the country. The price of bitcoins currently are decreasing but I suggest that you wait after September 30 or by late October to fully take advantage of its impact. Even if they are considered the biggest holdings of bitcoin platforms, the key here is patience and understanding. Do not waste the opportunity happening and like you guys said, this may be the perfect time to invest and buy bitcoins. |
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If bitcoin will be used as our daily payment is it possible that schools will be accepting it as payment for tuition fees? And if it will be accepted they need to teach the students the use of bitcoin and give the knowledge to use it and how it works.
It may be possible in the near future but paying it with fiat seems more convenient than most families since not all of them know the existence of bitcoins. Another thing, bitcoin's nature being digital, this limits the number of families who will pay using bitcoins since again, not all families are connected into the internet especially the marginalized ones. Teaching bitcoin to universities or schools is certainly a great idea to educate the youth about the value of money, investments, and knowledge to be able to produce revolutionary technologies that may contribute to bitcoins in the future. |
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This post is not intended to criticize gamblers, i am just curious what drives a gambler to really gamble even when the odds are against him or even reach the point where he'd rather lose everything he has than to stop doing his gambling addiction. I said the following because i have seen friends and some relatives on my mother's side literally lose everything they have like family, wealth etc. and only a few managed to stand up again. And some of that few still gamble to this day. And an uncle was found dead from a gunshot wound, whoever did it was unknown. But rumors say that it is one of all the guys he owed large money and never payed. While a friend(not close, just a neighbor) died from suicide because his wife left him along with his 14y.o daughter and 3y.o son. Now, I ask this because i dont get it. I just don't. I mean is it even worth it? If you ask me, i don't know. That is why i am asking. And the reason why i did it here is because we all know i can't ask a gambler with this kind of questions face to face because doing that would mean mean that I wanna start a fight. I mean that might how a gambler reacts to this kind of question. Please share your thoughts on this.
I even gamble because I need money for my kids needs.Even I dont have the asurrance to win or profit in gambling but I still keep on hoping to win on the game and also for entertainment to relax sometimes to gamble is enjoyable and fun.Make me relax if im winning.But if Im losing it makin me hot and greedy.So I shoudnt be addict to to gambling so that my life is still calm and peaceful. I think gambling is not good to rely on your needs to your family i know that its not easy to find money but do you think that gamble can ruin your life. So if you gamble to relax and enjoy i think that is good for you. But if you gamble to try your luck and and expect to for your family that is not good for you especially to your family. Gambling addiction is no other different from any kind of addiction. The only factor involved in gambling is that, it risks money relying from such luck. Even if your purpose of gambling is for relaxation or for spare time, I think that there are better alternatives out there because it does not change the fact that you still gamble despite the benefits it give to you. We all know that gambling may destroy one's life especially if it gets out of control but it may be hard for people to completely remove their addiction. It may take some time for someone to fully forget an addiction and forcefully persuading them to stop it may only result to negative results. |
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It is hard to be 100% that "dust has settled". After the first news from chinathere was almost no reaction on bitcoin market and only after some time we had this dump. It is still possible that something can still happen.
There may be a steady increase on the general price of bitcoins today but we need to consider the ban of China onto trading bitcoin platforms by September 30, 2017. Nonetheless, people who bought bitcoins when it reached $2960 profited from their investment from now. Like you said, it is best to wait and observe the prices in the market since the ban's impact may only be felt after ~1-3 months from now. |
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We must agree that bitcoin and other crypto currency could not grow in price continuously and without significant fluctuations. Their price has fallen sharply, but we know the reason and this reason should be eliminated in the coming months. Therefore, nothing unusual happened. Now it is necessary to prepare for further raising of the crypto currency and therefore buy it at a low price.
This time is the best time to buy, It will be the last dump t these year,and we might see it pump by December. The dump and pump is normal on bitcoin so we should just repax and never do decisions right away without thinking. Agree people should be buying a lot of bitcoin now because the price is too low after this dump we will see bitcoin rise again slowly and by end of this year it might hit $6,000 or more. Like what I said on other threads, today is the perfect time to invest into bitcoins due to the gradually decrease on its prices. By September 30, 2017, prices also might suddenly drop due to China's banning of transactions from their bitcoin trading platforms. Since China also is one of the biggest population around the globe, people are panic-selling their bitcoins because they fear that prices wont recover due to China's move. People should calm down and think for the long-term effects of bitcoin price-drop because by the end of the year, surely bitcoin prices WILL recover. |
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I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.
Well, they sold today at at the dip near the $4000 double bottom.
The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.
If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.
It really depends on what your perception toward bitcoin is. If you see bitcoin as investments only for short-term, then withdrawing them right now might be the better choice to prevent any further damage from happening. But this may result on a loss on your part due to the initial investment that you made might be higher compared to your pay-out roll. On the other hand, if you treat your bitcoins as long-term investments, then withdrawing them on a later date might yield you income higher than your initial investments. This now may result on a profit greater than early-investments due to the returns made. Both investments requires determination, patience and risk-taking to properly profit from your money. |
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Stuff like this has happened so many times.
China banning bitcoin, Russia banning bitcoin.
In the end, bitcoin only becomes stronger when the weak hands are out and the scare wears off.
Exactly! Take this as an opportunity to invest since there has been a steady drop of bitcoin prices from the past few days. Expect bitcoin prices to decrease even more after September 30, 2017 since that was the date that China announced that they will stop their operations from large trading bitcoin platforms. Another thing, a lot of people are panic-selling their bitcoins which contribute to the decrease of the price resulting to an increase on the supply market. To answer your question, China is only one of the many countries were large trading platforms exists. One country alone cannot destroy the whole market even if they are considered one of the largest platforms when it comes to bitcoins. |
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on bitcoinity. On coinmarketcap it is $3372. It is jumping around pretty quickly.
I call the bottom at $1900 in 5 days before it stabilizes for a least a little bit.
This is still way up for the year. It started out the year under $1000.
The large trading bitcoin platforms in China said that they will suspend its operation and trading by September 30, 2017. From the said date, I believe that the prices of bitcoin will gradually decrease since its impact on the whole market system may take weeks or months to fully kick-in. I speculate that by the end of November, bitcoin prices might fall around $2000-$2500. This may be the best time to invest and hope that its price might skyrocket again by the end of the year. Do note that China is only one of the many countries who supports digital transactions. |
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Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?
It really depends on your choice and the wallet that you are currently using. From what I know, every wallet have their own options regarding the conversion of your fiat to bitcoin. But I believe that banks may opt NOT to accept bitcoin directly as fiat due to its volatility in its price which may result as a loss on their part. Primarily, banks were created for the purpose of yielding income through the course of time. By putting bitcoin in the picture, this defeats the purpose of investment due to conflicting nature between fiat and digital currencies. |
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