Why do you guys find gambling so difficult to quit ? You know its wrong you know its giving you loss and you know you should not do it then what force is attaching you with gambling man ?
That is the main problem that even you know that gambling is wrong and no possibilities of making money but still you will be helpless to stop gambling, as it is very easy to advice others to stop gambling but really difficult to apply for ourselves. There are people who are trying to stop gambling for year but still they are unable to find a successful way of achieving it. |
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Most altcoins are garbage, but there are a few that did advance the blockchain technologies and made us better understanding the cybercurrency. Yet none will ever getting close to bitcoin.
That's maybe true in the present because to be highly developed and to rise sky high like bitcoin now, altcoins need to have enough amount of time and draw plenty of attention to grow. But as time passes by, this might no longer true. Nothing can last forever and so does bitcoin, it will surely be replaced by another crypto coins, what's left now is the matter of time. altcoin is not dependent on Bitcoin and Bitcoin does not depend also to altcoins but creating an altcoin would be beneficial since you can converts those alts to btc.. so its mean alt coins are depending on bitcoin, to me i think both bitcoin and alt coin are important to each other, to me as i most invest my assets in bitcoin and from there i futher invest my bitcoin into alt coin and same is the reverse procedure when i want to cash out my some money. Some users does this, but even without altcoin it is possible to convert bitcoin to fiat. When it comes to altcoin, very few can be directly converted to fiat. In my view, trading can be effective with the altcoins but both were not mutually depending. Mostly alts depends for growth. Altcoin users are mainly the ones who had a bad luck trying to get bitcoin, and they do that because the bitcoin has become very expensive and hard to mine in recent times, so what they do is mine and invest some money into the altcoins and then exchange them into bitcoin as it seems an effective way of acquiring it. I am also doing this. If altcoins are not existing, I would not have got chances to experience the industry of mining completely because I came to know about mining only in late 2013 at that time itself ASICs started to dominate bitcoin mining. |
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As most of the time, there is no right answer for this, especially with regard to cryptocurrencies. In this market you have to work with probabilities. If you ask me, I think there are good chances that the price may drop a little more, maybe below USD 950, but I don't think it will touch the USD 900. Then I think there are good chances of a higher price increase.
$900 is far from a save price mark. As easy as the price went up lately, that easy is it also to see the price go back down to where we started. At this point I don't even know if the $800 will hold at the time it gets tested. Mainly because of the fact that there isn't real buy support. Buy support that will be visible by the time the price is about to go down, will simply get pulled by bots as soon as the price is nearly touching them. For most people the bitcoin’s price right now seems high to be able to invest in, but if you are able to get one bitcoin for a 1000$ right now you could make some profit, because the bitcoin price might reach higher values, it is high now and it will be high for a very long time so the best chance to get it is now. |
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If you are up a lot, then cash out.
The worst mistake you can make especially with altcoin trading is to baghold a coin for years on end, in my opinion. That is ridiculously dumb because altcoins all die out, new altcoins come out every day that have better specs then before. None of them however have an established reputation as a functioning cryptocurrency, something that in my opinion only bitcoin has.
Yeah and usually they get carried away by the hype and propaganda created by some alt coins and they just invest too much in ICO. The problem with the ICOs now days is that the coins never actually intend to get listed on exchanges also, they just want a big ICO and then scam. Unfortunately this is a type of mistake may happen in pre-trading stage itself. Yes, choosing right investments is very important to avoid big mistakes. |
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ATM bitcoin debitcard seems like the logical choice if you want to stay anon. Paypal would nott work because how would they get the funds to their bank account to withdraw from? Paypal asks for that information so they know where to send it  Yeah, the best way to exchange bitcoin without identity is to use bitcoin debit cards, there are lots of debit cards out there that don’t require your id but still you need to give them you address so they can send it to you and they still will take monthly fees for it so ty picking one that is cheap. Yet, you need to verify yourself only once. Not with all the merchants you are going to shop with. |
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I remember this shit from last time around, in late 2013 i think CoinDesk polled their users with what they thought the price would be. Suffice to say, it didn't live up to the hype.
Hopefully this time around these predications will be better.
This is another type of hype which they want other bitcoin users to hold their coins because they also want that 1000$ price for each bitcoin and after the price reach that they will earn a lot of money. I also hope that kind of price will be approachable before the year ends so the new year will be prosperous for us. It is true that making people hold their bitcoin, helped getting the price to get high ,and that what created a big demand on it but this demand will eventually were off, investors will lose their interest in bitcoin if it gets really high and then the price will go down and people will start selling it and it will make the price go down even more. |
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Think about it this way. If it were even remotely possible to find the seed, then a private key from the seed, then use the private key to find associated public key, hash the public key to get a valid address collision with btc in it and then steal the btc, do you honestly believe anyone would be using bitcoin?
Bitcoin would have died years ago when college professors and hackers were desperately trying to discredit Bitcoin any way they could. The worst thing they have ever been able to do is put a tribute to Nelson Mandela and Len Sassaman permanently in the blockchain.
Even in the future when brute force becomes possible after the advent of working inexpensive quantum computers Bitcoin will simply require a hard fork to fix the vulnerability but it's doubtful that will ever be required. Hash-based cryptography (Ralph Merkle signature scheme) was recommended by the Post Quantum Cryptography Study Group as a long term protection against quantum computers.
I have always wondered how the addresses are generated. I am not talking about hackers finding private keys and using it. I am talking how many times does the address gets generated, we all know that your old wallet address still can be used to receive money on, but what if it gets confused with another generated address that belongs to another user. |
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How long will it last? That's the real question
The bear cycle will eventually come, but I hope we don't see anything like 2014-2015
It is too early to expect that the bear is gaining power. I believe that bull is not tired yet. I checked google, no big coverage on bitcoin's recent up surge unlike 2013, maybe we can expect more media coverage after testing $1000 and that will take it into $1500 as a new ATH. Then only the cycle of bear may start as per the sentiments of new investors. |
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I have no idea when this meteoric rise will stop but at some point, inevitably it will. Maybe people will start selling at $1000 as it acts as some kind of psychological sell alarm.
But I guess some people will wait for new ATH. Because last time when bitcoin was hitting four digit price level for the first time, it was not immediately taking U turn. I'm expecting same to happen like bitcoin may set a new all-time new high price levels this time too. At the same time, it may continue its rarely if new people keep on coming to invest in. |
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Yes, I guess and it may reach over $1,000 within few days.
I'm expecting to test $1000 price levels within today. In bitstamp the higher side prices was $980.74, actually I'm seeing it has ready done as per the speculation of many people here as +/-5% are always negligible. The worst case we can say bitcoin will hit it by 30th decemeber, yes just tomorrow. |
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There was many such moments and I want to say that this is sometimes best thing which you can't imagine when you are trading with bitcoin or any other currency. For example once I had to sell my bitcoins but I wasn't able and don't had access on my pc and that moment helped me a lot, on second day I earned much because price was more higher that means with that accident I got more profit. Of course this situation isn't always good and in most cases it won't cause profitable trading, it was only lucky accident.
Yeah those lucky days I remember happens with everyone mate, I was once selling bitcoins when the price was around 400$ because I needed some money to gamble to be honest (fiat gambling ) but then I got some sudden work load from office and I cancelled the idea. And a week later the price was 550$ and I was like wow I already won lol |
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The best time is if you have the capital investment, you know the basic, the do's / don't and that's all about it. You're on your way of becoming well seasoned trader.
depend on the type of trade the op is talking about. Buy a particular coin such as bitcoin, you we need to study price action. You should always buy at a lowest price possible and sell at a highest price possible. Yes, since you are new here and it is good that you got the basics right but you know what is the biggest problem is ? It is actually finding the cheapest price of coin and then the maximum price. Sometimes even the owners cannot determine the pump and dump of a coin against some big investors. |
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At present, I am doing a research on the most profitable trading method and I am wondering: Is it better to do btc/fiat trading or btc/altcoin trading?
Which method yields the highest profit?
I'm a newbie but for me both are profitable and risky. You need have a lot of patience when trading. And remember don't put all the eggs on one basket. Your advice was totally correct, It is true also that the best thing you can do here in bitcoin world is doing trading in the exchange platform. This is the simple and easy way to do for us to grow our coin quickly. And many of the member here testified that its already proven. Trading can help to earn quick money but it also requires skills and knowledge. It seems like very easy method but in fact it requires hard work, patience and information. Yes many members are earning through trading but sometimes it is risky also, so always remain active while doing trading in order to earn through it. Yes there is no doubt about this that trading require good knowledge about where you want to invest your money, for example if you are going to invest your money in alt coin it is important for you to have good knowledge about the coin, for becoming a good trader it is also necessary to have some experience in trading. |
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i think that BITSANE exchange is trusted and secure exchange for trading and there is maximum exchange for trading but i feel safe and secure when i trade in BITSANE exchange because there is a lot of people are using BITSANE exchange nowadays and it getting too much popularity than other exchange.
Any proof? and I weren't seeing it in the http://coinmarketcap.com/exchanges/volume/24-hour/ But where is it going? Totally I just wanna prove it. So totally we were speaking about the fact, but nice promotion, dude. i think that bitsane is new exchange and i also heard about it but it will be take a longer time to get popularity and i think they need more promotion for their exchange like as liqui exchange then i hope they will go ahead . Yes but i think most of the exchanges are trusted and reliable you can put your trust on it, but to me I think the most important thing is that you should not to put your all bitcoin in exchange on same time. As there are also chance that the exchange can be hacked just like bitfinex , therefore you need to put your money in different exchange in different time. |
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There are a long list of the online wallet being hacked since the inception of the bitcoin, and for that reason I don't keep my bitcoin in online wallet for long, often just use it for trading. There are still too much security issues there.
In my opinion, if the online wallet providers such as exchangers want to replace their client's losses because of the hacking it's not going to be a problem. But yeah saving in the offline wallet will be more encouraged but it's still having security risks. Just if you've been installing some sort of cracked programs or even using many pirated software, don't expect perfect security then Anyone can become target, hackers can make big problems. Great that this exchanger plans to refund all stolen money, building trust is most important thing, I doubt this will have impact directly on bitcoin. We need to be feel safe, before every installation check twice where its from, dont instal everything on computer. Good antivirus, anti malware, check your computer from time to time and everything will be ok. It is strange because I thought that bitcoin is very secured , since the bitcoin address changes constantly, and form my personal experience the wallet I use sends you a password to your phone via SMS if your wallet gets logged on from another IP address other than yours , so it is very secure , so as you said the hacker must have put a virus into the PC so he could know the password . |
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So on a nice Christmas party time, drinks on the house I and my friend were discussing about Bitcoin, he's from the finance field and he generally knows a lot, so I thought I would use my Bitcoin knowledge to surprise him, wish I had not done it lol, so when I told him to invest in Bitcoin, I thought he would ask what it is and he replied he has one free bitcoin already. You can imagine the look, one free bitcoin here collecting satoshi's we hardly reach to a Bitcoin and he already has one. It so happens that the firm where he works decided to give bonus and they decided to give one free bitcoin to the selected staff and they have promised to give more in future that's so cool. You get salary, plus a Bitcoin perks of a employee life....
It is true I mean of many people who have heard of bitcoin recently and wanted to invest in it just got some money and bought it , and it is really not that hard if you do have the money for it , so you could just save some of your salary every month until you could afford it , that is what I did , you don’t have to change your job or anything. |
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You can check the thread where people vote for the favorite site but it contains dice sites also.
I would choose directbet among these 4 which you have listed since I have never had any issues personally with them and they often reward their loyal users in some way or the other, plus a awesome tipster competition where you can participate if you can predict nicely.
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I would never trust martingale because it just adds up double to our older losses, and so a random bet has always been better in case we lose the last one because random bets win eventually and can even up the score, while martingale is something which is fixed.
Yeah betting randomly and withdrawing unexpectedly is usually better than chasing a strategy and even when you see its difficult to be completed you just keep on doing it. I often try the bet random and cashout without any strategy and it usually is better than a autobet strategy where I mention a goal and once reached it should stop. Usually that point is never reached. |
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i think because people didnt have 100% luck with gambling..you bet house for house, you bet candy for candy.. someday u will lose it all.. maybe trading is the best way to get some coin little by little.. u never lose it all  It is a fact that no one can be 100% lucky at all, you can win a bet may be the send and the third also but not for every trade. Although trading is also a risky game and you can also lose your money there, but still there you have always a chance to recover your money back you have lost. |
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Games is more interesting than gamble and it helps you more proactive and nippy.
Yes, basically gambling is any gaming that involves money and where we are expected to win. I agree that gaming is much better than gambling since neither it addicts nor it develops a revenge mentality among a gamer. Because gambling would always make a gambler think of chasing losses or taking revenge from the site where he lost, which is dangerous. |
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