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101  Bitcoin / Bitcoin Discussion / Re: when you try to explain people about cryptocurrency do they understand? on: September 29, 2017, 02:13:56 AM

When I try to explain to people about cryptocurrency, I have to explain a few times, some people understand faster and some do not. LOL

Many people who don't know how these cryptocurrencies are working think that bitcoins are using only for illegal dealings so it is hard to explain or convince them these coins got a good feature. But nowadays bitcoin news is showing in many reputed news channels which gives some confidence to people go to bitcoins. Slowly most of the people will come to this crypto world for sure.
102  Economy / Gambling / Re: Someone just converted 0.05 BTC to 0.75 BTC on chain-bet.com on: September 29, 2017, 02:08:12 AM
This gambler win a lot, but just think how many times he loose before that. Then may be it is smarter to play the Dice, at least you can play your own game with your own rules, plus make the win really fast. In some Dice sites experienced players just make 1 - 2 Bitcoins in one hour or so. Of course you need good balance, otherwise you can not make good win.

Yeah, I think most people aren't smart enough to run when they win. They end up losing more. As long as you do it for fun, it's good.

I've won that much but only in sportsbetting. Made some good money when reddking was still in service but never this much.

I suppose sports betting is different, since knowledgeable enthusiasts could have their ´edge´ in these.


I do agree that these sports betting need some knowledge to predict the results but it also needs the luck to win always. There are plenty of people who have lost money in sports betting even after they follow some experts tips so it is not so easy to win or make money from any kind of gambling games.
103  Economy / Gambling discussion / Re: The hapiness of a green profit on: September 29, 2017, 02:00:25 AM
So guys, a little of us are always betting from faucet or tips, so our account is usually in red numbers, but is amazing when you have a lucky rush and your account become green, really feels nice.

 How do you feel with your actual account profit? are you green or red?

The problem with that lucky rush is that it often leads to overconfidence. After a good run of luck, it's easy to think it's your lucky day and then blow all the profits you just made. Yes, it feels nice but keep it in perspective and don't let it affect your next bet.


Many gamblers will face this situation while gambling and only a few people learn this lesson and next time they will set some limit and withdraw their winnings and continue gambling with small amount again or they will come back another day because they know that if they continue gambling then they may lose. As you said many gamblers will continue until they lose all their money.
104  Economy / Gambling / Re: ▂▃▅▆█ BITSLER █▆▅▃▂🎁 LOTTERY 🎁16 BILLIONTH BETS PROMOTION🎁 on: September 29, 2017, 01:56:25 AM
I think a feature I would like to see would be the ability to batch bet - basically automatic betting but on steroids.
You'd put in say 5-500 and when you click bet it'll automatically bet up to 500 times in a second or so.

Lol, man
That's easy to say
Hard to implement
You'd need some badass super servers to be able to handle 500 bets/second per account
For fuks sake, that's some NASA shit, right there  Cheesy

That is right. This can be implemented when only a few people are accessing the site at a time but when so many people are accessing site and betting then this kind of feature is not so easy to implement. Admin may need to spend a lot of money on those servers. I don't think most people will prefer this kind of fast betting at least I don't like it because I prefer to play manually.
105  Economy / Gambling discussion / Re: [Poll]what is the right warning to say to someone who gambles/invests all he has on: September 28, 2017, 02:55:55 AM
It also depends on what is the aim.
1-Gamble to get rich or 2-gamble just for fun (the first option is reallly bad approach and usually ends wrong, making more people homeless rather than rich).

Nevertheless for both suits the well known "gamble what you can afford to lose" but I also consider important to pinpoint that gambling can be very addictive.

These gambling games are designed to give thrill and excitement so they are very addictive if one can't control themselves. Whoever believes the first point is correct then those guys don't want to work hard to earn money and want a free or easy money that's why they will gamble to earn money. If a person got other things to do then they may not spend more time on these games but if a person is very free then their mind always things about an easy way of making money so try to be busy by other work to avoid or minimising gambling.
106  Economy / Economics / Re: Is it possible for the bitcoin to lose it's value ? on: September 28, 2017, 02:47:30 AM
It may be posible to lose the value of bitcoin but I think not for now, the value for now is sometimes increase and sometimes decrease but I'm sure this year it wouldn't be happen because at this time the value of bitcoin Will be high.

Its value goes up and down due to demand and supply. But its price is not backed by any other assets just based on people demand so its prices can fluctuate in both directions very much based news. If bad news comes out then everyone will sell in a panic and its prices go down a lot within a day or two and any good news comes out it will go high. No one can tell what will be the price of bitcoin in future but we all think that its demand will grow and prices can go up.
107  Economy / Service Discussion / Re: XAPO are now allowing people to withdraw their bitcoincash on: September 28, 2017, 02:02:26 AM
See this blogpost:

https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/

They're giving people two options a) withdraw the bitcoincash and b) sell the BCH for bitcoin.

But they're setting a deadline of December 14th 2017. If you haven't withdrawn or sold by then, you lose your bitcoincash coins.

Ha, I missed that.
I had merely 0.27BTC there at 1 Aug, but still free money are free money Cheesy

I had transferred all my BTC to my desktop wallet and left with few Santoshi in xapo wallet and today they allowed to exchange those few Santoshi as well. No fee for conversion and it is a very simple process to convert.

The time is given for exchange or withdraw is good enough for everyone and also they send emails to all registered accounts so they should know what to do.
108  Alternate cryptocurrencies / Altcoin Discussion / Re: official Indian Crypto Currency on: September 27, 2017, 08:08:31 AM
Even Malaysia's central bank could introduce rules around cryptocurrencies by the end of this year.
So as on my opinion official crypto currencies of different countries will have bright future.

Introducing rules and coming up with their own cryptocurrencies are totally different. If governments introduce any product then surely it will have a more trust but not sure whether people will go for it. Anyway they haven't provided any details of their new coin so let's wait and see how it is different from bitcoin or it is just copy of bitcoin.

109  Economy / Speculation / Re: Why bitcoin so expensive? on: September 26, 2017, 02:13:00 AM
bitcoin becomes very expensive one of them is due to the limited amount of currency, in addition to his many ads in various social media that tells that bitcoin will be a global currency is a factor that makes bitcoin very expensive

Basically, its prices are going up due to high demand and less supply. More and more businesses start accepting bitcoins for regular usage then its demand will go up but supply may not increase so fast so its prices will shot higher. The current prices may be looks expensive for now but after two or three years these prices may look very cheap so start investing in it instead of worrying about whether it is expensive or not.
110  Economy / Economics / Re: Which one is good, trading or investing? on: September 26, 2017, 02:05:47 AM
Just got a question my friend, isn't trading a form of investment?  When you trade you need something to trade with and that is what we call investment right? I mean, you invest your money to coins so that you could have something to trade with. Can somebody tell me if I'm wrong please.

Yes, it is an investment for sure. Buy and selling either altcoins or any shares is one type of investment. But some people don't know how to trade then they will invest money either in some mutual funds or fixed deposits as investments. But if you already know how to trade then you can do it. Also remember don't put all your money in trading and try to diversify your funds in other investments like real estate, gold and buy some good company shares.
111  Economy / Speculation / Re: how to predict bitcoin price increase or decrease? on: September 25, 2017, 09:26:28 AM
I've been doing this way: Do not predict, but follow.
Yes, just follow the price that occurs, buy when it drops and sells when it rises, as simple as that.

It is a good a good suggestion because bitcoins prices usually controlled by demand and supply. So when there is bad news then everyone will rush to sell their coins and prices will go down and if you think that news is only for temporary then you should buy at that time and wait for the dust to settle down. After some time again it will start moving then sell it for a profit. If you wait for the right time to invest then you may not get a chance to buy any investments.
112  Bitcoin / Bitcoin Discussion / Re: bitcoin illegal country. on: September 25, 2017, 09:23:05 AM
If it is illegal, I suggest going back to fiat as you will have limited ways to spend your bag. But if you are holder, maybe in the future it will be declared legal by government of your country.

Time changes the game.

Yes, once start accepting by many big companies then all countries will be forced to accept bitcoins, but it may take some time. As of now some people still think that these cryptocurrencies are using only for illegal transactions, but that thinking may change in future. So hold your coins, and you can make a huge profit in the future.
113  Economy / Gambling / Re: ▂▃▅▆█ BITSLER █▆▅▃▂🎁 LOTTERY 🎁16 BILLIONTH BETS PROMOTION🎁 on: September 24, 2017, 08:36:06 AM
Is this promo why the site seems slow?

Just now I tried and did a test with burst coin and didn't find any slow at my end. Maybe your internet speed is slow. You can clear your browsing history and try again to check the speed. Also, these good promotions will bring more people to site and it may slow down slightly.
114  Economy / Gambling / Re: COINROYALE.COM • Provably Fair • 1 BTC Bonus • 10% Casino Rebate on: September 24, 2017, 04:17:44 AM
Very Big issues with Victor and his level of support lately; 7 btc at stake. Truly unfortunate that he is ignoring emails, will have to share the bad story here.


From this post, I didn't understand what is exactly your issue. Please post more details about your issues.

What I know about Victor is that he will not be online most of the times but once he comes online he will reply and that is not good for gamblers who are facing issues. He should engage some support team members to answer gamblers quickly.

115  Economy / Economics / Re: If you have a lot of bitcoin, should you spend it or save it? on: September 24, 2017, 12:22:22 AM
very good for saving money or bitcoin you have. it will be an effective thing in the present, and the future. spending the bitcoin you have for the unnecessary, only makes you regret in the future. saving the bitcoin you have, will enable you to make business in the future.

If you think like future bitcoin prices may go even higher than you will never enjoy your investments growth. So you should always book some profit and enjoy with that profit or use it for other purposes. So I have a lot of bitcoins now then I prefer to sell some now and spend or invest that money in other places instead of keeping everything in bitcoins.
116  Economy / Economics / Re: Are cryptocurrencies better than regular currency on: September 24, 2017, 12:18:37 AM
Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.
I don't think that the digital cryptocurrency is more better than Fiat currency because many people are not yet aware to the digital currency and many people are still prefer the Fiat currency.

Bitcoins are not so popular in many countries so one can't use bitcoins directly to purchases things what they want it. But as an investment, it is much better than any other investment as of now. So you should consider it as an investment than an actual currency. Also, remember don't invest all your money in these cryptocurrencies because prices are very dynamic and if something goes wrong, you may lose a lot of money.
117  Economy / Economics / Re: Loans too risky? on: September 24, 2017, 12:14:01 AM
I feel Bitcoin loans are quite dangerous, primarily due to the fact of the reality that there are also several scammers functioning on the web. Despite the earning prospective, you need to have to consider additional treatment in this subject.

You no need any additional protection as long as you hold the collaterals. You should follow a simple rule that no collateral means no loan then you will never make a loss from this business. Your collateral should cover your initial amount and interest amount then you will be making always profit. Don't believe anyone just believe collateral then lending business never goes wrong.
118  Economy / Economics / Re: Should I stop Buying BTC? on: September 24, 2017, 12:09:59 AM
I think buying bitcoin requires a right timing because if you are not smart enough to know when is the right time to buy you can lose capital for your investment.

In this world, no one can tell you what is the right time to buy or sell. If anyone can do that then they should be super rich by now. So you should always start buying in small quantities whenever prices drop and accumulate over the time to get a best average price for each bitcoin. If you wait for right time then you may need to wait forever and never invest money in bitcoins.
119  Economy / Gambling discussion / Re: TOP 10 Best Bitcoin Gambling websites on: September 23, 2017, 10:27:00 PM
The first one itself is wrong because freebitco.in is not a gambling site instead it is just a faucet site. It looks like you created this list to just to get referrals and not based on best gambling sites.

freebitco.in got highest house edge 5% and you're saying a top one gambling site.
120  Bitcoin / Bitcoin Discussion / Re: does wars will affect the cryptocurrency market? on: September 23, 2017, 12:47:08 PM
War can surely affect the crypto market. The country being invaded, they would try to save their liquid assets. Abd crypto currency is the best hiding place. Demand will hugely rise.

For any markets to grow people need a cash and wars will make investors nervous and everyone pulls out their money and keep liquid cash so all markets will be dragged down if any wars happen. It is not a good thing so shouldn't allow for any wars to happen. Thinking that if no issues then bitcoin prices may reach to 10K in next one to two-year time so don't want any wars.
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