Bitcoin Forum
May 06, 2024, 11:38:12 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 [54] 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 ... 110 »
1061  Other / Off-topic / Re: Windows 7 VS Windows 10 on: September 20, 2015, 03:16:17 PM
windows 10 doesnt seem to have anything new, it just seems like windows keep making new windows versions without any improvement at all just like apple with their iphones
1062  Economy / Gambling discussion / Re: Does martingale really works? on: September 13, 2015, 09:06:50 AM
Everyone who has been a part of any gambling site must have tried martingale. so i just wanted to know your experience that have u ever gained profit from martingale? or its name should be changed to martinfail?

i use martingale on dice especially on autobet but its not that effective in the long run, i always end up losing so i decided to stop it. so martingale doesn't work (based on my own experience)
Matingale really doesn't work for players with small bank roll.I ended up at loss just like you when when I tried to use martingale.It works in favor of house when you keep using it.When you use martingale and keep playing it gives the idea to house about your playing strategy and after few winning stakes begin to appear just loosing stakes in a row.

Martingale doesn't work in the long run, not because the site will learn about your playing style, but because a long enough loss strategy is just bound to happen in the long run no matter how unlikely the chance it is.
As an example, if you play x2 bets in a 1% house edge site, the chance for you to hit a "10 red streak" in the first 10 bets is 0.10787% but the chance to hit a "10 red streak" in 10000 bets is 99.53229% 99.53254%.

Edit: I copied the wrong element in my prob matrix. The 99.53229% is in fact the chance to hit a "10 red streak" in 9999 bets and the chance to hit a "10 red streak" in 10000 bets should be 99.53254%.


If you are playing on 1% the chance to hit 10 red streaks will always be the same, that 99% is imaginary, that would mean that in 20000 bets i have more than 100% chance to hit the 10 red streak and that is simply not true.

I am not quite sure what you meant there, but nope probability will never be more than 100%.

For 49.5% bets, the chance to hit at least one "10 red streak" in  1000 bets is 41.29769%.
For 49.5% bets, the chance to hit at least one "10 red streak" in  5000 bets is 93.14820%.
For 49.5% bets, the chance to hit at least one "10 red streak" in 10000 bets is 99.53254%.
For 49.5% bets, the chance to hit at least one "10 red streak" in 20000 bets is 99.99782%.
For 49.5% bets, the chance to hit at least one "10 red streak" in 25000 bets is 99.99985%.

I know these numbers may look to be unrealistically big, but that's the reason why many martingale gamblers are surprised to see them losing after autobetting for a few hours, ie. most of them simply are unaware of or has underestimated the probability of ruin.


Some simple code in R for the calculation:
Code:
p_win <- 0.495
streak <- 10
bet <- 20000

P <- rep(0, bet)
P[streak] <- (1 - p_win) ^ streak
P[streak + 1] <- P[streak] + p_win * P[streak]

for (i in c((streak + 1) : (bet - 1))) P[i+1] <- P[i] + (1-P[i-streak]) * p_win * P[streak]

Because those calculations are not real % you dont have a 99.9% real chances of getting the 10 lose streak, you always have the same % no matter how much you play
1063  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is officially dead on: September 12, 2015, 09:12:17 AM
Litecoin is hitting new lows since the huge pump.
It will go below 0.01 btc soon.

The price is still higher than $1. as long as it has active development, it will survive.
yes litecoin will down
but Litecoin is Long term altcoin investmen Smiley
just buy and hold for 3-4month you will never lose anything , because litecoin will be up again

If there is no improvement in LTC, the price will not rise.

And why would that be? The price of LTC has nothing to do with improvement, it has been 30$ and there was no improvement then, it's just speculation and we all know it
1064  Economy / Services / Re: ★☆★ MagicalDice Signature campaign - Earn up to 0.15 BTC per week! [Open] ★☆★ on: September 08, 2015, 03:01:01 PM
I would like to participate with the avatar aswell.

Username: Xinxan

Rank: Full Member

Post count: 1129

Magical dice account: xinxan
1065  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is officially dead on: August 27, 2015, 11:59:03 AM
time to BUMP !! for litecoin

Why? There's no significant move both upwards or downwards. It's still at the same price after block halving.

It actually went down, before the halvening but im sure it will go up in the next month or so otherwise rip litecoins
1066  Economy / Services / Re: DiceBits Signature Campaign - Provably Fair Game on: August 22, 2015, 01:16:28 PM
Hi

Username: Xinxan

Member rank: Full Member

Post count (including this one):    1128

Btc address: 1GEvYFx1f2vDyhD2P7vkYLe6BLpNgRipPw
1067  Economy / Services / Re: Best Poker and Bingo - Playtodos.com Signature Campaign on: August 14, 2015, 02:15:32 PM
Username: xinxan

Member rank: full member

Post count: 1126

Btc address: 1KVXyJtsG9t5b7woi8diyYSEqXxpkeGsZ5
1068  Economy / Gambling discussion / Re: Why do people still play dice? on: August 10, 2015, 09:24:44 PM
Playing dice is a kind of wasting time. I don't think anyone can win continuously by playing dice.

I don't know why people still play dice.

In literal , dice game gives quick result rather than any gambling game. And FYI , for gamblers there's no such thing as waste of time when they are facing the house.

Yes saves time for the casino because you will just lose faster, come on now.. Addicts everywhere..
1069  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is officially dead on: August 10, 2015, 05:23:39 PM
Think that ltc will be little off after this and next month and then we will w8 for another halving and yes this coin needs innovation ASAP

What innovation?? Cryptos are already innovative by themselves, litecoin is one of the most stable and better altcoins if not the best, obviously after bitcoin, it doesnt need any innovation, is not like different real currencies have any differences between them.
1070  Economy / Gambling discussion / Re: Dice game strategy? on: August 10, 2015, 05:22:16 PM
best strategy in dice and all gambling site for me :
* play only whenever there is free btc (faucet/giveaway)
* play only to a site which offers jackpot/bounties which can be won with a small wager

With those strategies you could earn some satoshi, at least you will not lose anything. Smiley

but the faucet is too small and you always lose that amount and doesn't worth the time, only giveaways are good

Yeah indeed, faucet is only small but the point is that we wont lose our own money. This is my own strategy how to earn from gambling, to be honest till this time I had never deposited more than 0.05 (total) from my own wallet and I could earn more than what I have deposited. Smiley
And to be noted, I'm not a faucet farmer because I claim faucet on gambling site no more than 1x/day.


You are not loosing your own money, you are loosing your time which might be worse, seriously dont try to grind with faucet money, you wont get anything
1071  Economy / Gambling discussion / Re: Dice game strategy? on: August 09, 2015, 08:36:26 PM
Truth is sites like primedice are rigged and when someone tries to raise voice he is killed !!!!

plus u try to make 100 bets with 0.0000001 btc .. u will win like 50% or maybe some more less ( at 50% win chance )

do the same with 0.01 bets and u will loose I bet like 90% times !!!

THEN THEY SAY ITS PROVABLY FAIR , no one has time to change seen after every bet and thats where these sites eat up !!

Yes many people have said this before but the problem is that its hard to prove because it could be bad luck that causes the win chance to decrease while you increased your wages.

Its not hard to prove at all, make big bets and verify each of them, primedice is a confirmed legit site, all the accusations are made by trolls and loosers who dont understand math
1072  Economy / Gambling discussion / Re: Dice game strategy? on: August 09, 2015, 07:32:52 PM
So just play these game with free coins, do not deposit to it for playing.
well its actually not a strategy at first, also it is more like abusing a faucet that the casino provides so that isnt too good and you cant win big ammounts with pennies they give you

I was able to turn the 250sat faucet from pd into .06btc, it take for a long time but it was worth it. There is why faucet farmers tend to abuse the faucet coz they're are making good money out of it.

Lies, you would lose eventually, you just got lucky, having faucet money doesnt give any better opportunities of winning, in fact its just a waste of time
1073  Economy / Gambling discussion / Re: Dice game strategy? on: August 09, 2015, 07:22:58 PM
Truth is sites like primedice are rigged and when someone tries to raise voice he is killed !!!!

plus u try to make 100 bets with 0.0000001 btc .. u will win like 50% or maybe some more less ( at 50% win chance )

do the same with 0.01 bets and u will loose I bet like 90% times !!!

THEN THEY SAY ITS PROVABLY FAIR , no one has time to change seen after every bet and thats where these sites eat up !!

The typical gamblerīs fallacy victim mad about loosing gambling, pretty pathetic honestly, if you dont know what provably fair is dont talk about it, you clearly dont know.
1074  Other / Meta / Re: bitcointalk is pathetic on: August 09, 2015, 03:21:43 PM
Come on now, you spend all your time in bitcoin discussion / lending and participate in a signature campaign.

Itīs indeed pretty funny that someone that spends half of his posts commenting on the lending section, most of the time not saying anything useful, complains about the forum and the posters..

I would say I add more to the community than most.  I've
contributed scripts and tools in electrum, and given coins
to worthy causes.  not all of my posts are high value but
many of them are.

the posts that I make in lending are to stop spammers and scammers.

Also I avoided signature campaigns for a year
until last month when someone practically
begged me to join and I hesitantly agreed.  

anyway, I'm not the one on trial here.  Cheesy

Lets be honest here, your posts on the lending section are just to increase your post count, the scammers are already stopped by the negative rating they recieve when they ask for money without collateral but hey nice try, who is on trial then?
1075  Economy / Scam Accusations / Re: How 999dice.com is stealing your coins, and exactly why you won't believe me on: August 09, 2015, 02:30:36 PM
I just wanted to add that although I have no proof, I am almost certain this site is a scam. I lost several bitcoin here doing 95% bets, and my friend did the math witch came out to a 1 in 2 million chance. And that was just 1 session, I lost bitcoin before that here with what seemed like, "crazy bad luck" on a few other occasions as well. That provably fair crap is what tricks you, and most of us don't even know what all those numbers mean or how to actually put it all together to see if you are getting a fair bet. IMO the you only get a fair bet if you click the button every time is spot on. This site needs to be outed as a cheat so they can stop stealing coins from the community. I went and checked today and there are still plenty of people gambling there. Scum bags like this is what gives bitcoin a bad name, and these are parasites to the community. Every scam thread I've looked at never once did a rep from 999dice even come and defend themselves, the fact that you need to click the button every single time tells me in my gut it's a scam. If not then why make it so hard to verify bets?

Dont fall for the, i lost a crazy bet that i should have won because that doesnt prove anything, on just dice people had 32 loss streaks which is something like 1 in a billion, that doesnt mean the site is a scam
1076  Other / Meta / Re: bitcointalk is pathetic on: August 09, 2015, 02:28:18 PM
Come on now, you spend all your time in bitcoin discussion / lending and participate in a signature campaign.

Itīs indeed pretty funny that someone that spends half of his posts commenting on the lending section, most of the time not saying anything useful, complains about the forum and the posters..
1077  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is officially dead on: August 09, 2015, 02:24:31 PM
This must be the biggest FUD thread of all time.

Litecoin is not dead, but it certainly needs more innovation / merchants / investors.

More innovation is required.

Not innovation but rather usage, i mean cryptos are still pretty new and not many people know about them, not even bitcoins are used that much around the world, we will get there tho, soon enough.
1078  Economy / Gambling / Re: Best dice site(a game) on: August 09, 2015, 02:05:57 PM
Im pretty sure 999dice has one of the fastest betting but of course they are considered a scam, i used to play there and it was almost instant if you bet with a big amount and the auto betting function is also instant with 200 bets pero second pretty much
1079  Economy / Scam Accusations / Re: bitsell.me SCAM FRAUD BIG TIME on: August 08, 2015, 04:46:47 PM
I understand that you wanted to be somewhat profesional and what not but i seriously dont want to download the evidence from dropbox and i dont think anyone else wants either, maybe posting some screenshots here will be a better idea
1080  Economy / Trading Discussion / Re: New to online currencies on: August 08, 2015, 01:14:43 PM
Thanks for all the good responds.

What I read between the lines here are basically that to get into this is that one has to have extended knowledge to earn some money here. Above 200 USD is not an issue, however if I take a look at Bitcoins whom are the most frequently mentioned above then the margins for profit seems pretty slim?

And yeah one might have to find a guru of sorts, but they do not exactly go around with a big badge around their neck claiming to be just that Smiley

I know there are knowledge to get on this forum and others like this. However what are you guys looking for when buying/selling coins? And are any of you here making a living off of it? I am not looking for any numbers, just curious as to what one can expect here.

No one knows how to trade in bitcoins and be sure that he will make profit all the time, they are extremely volatile and its impossible to predict the price, not long term not short term, itīs just hard, its definitely better to trade short term, since long term could have devastating results.
Pages: « 1 ... 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 [54] 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 ... 110 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!