For me I think the reason is people do not get bitcoin is because the bitcoin is not user friendly. In my first time I am very confuse because I didn't know what wallet address is. So it takes week for me to get the full knowledge how to use bitcoin. I think that is the no.1 reason bitcoin is not user friendly.
You are a bit right there though once user learns about it, bitcoins is indeed the simplest form of payment. Actually there are so many technical aspects that if a newbie enters in this bitcoins world he gets confused and even if he just don't think much and accept payments then critical cases like double spends would happen with them and making them believe that Bitcoins scammed them though it is not true.
|
|
|
Gambling is going wrong when a gambler do speculation to use house hold money to waste in casino and make their families destitute. And it's worthy to be shameful for that.
Yes when the gambler is being responsible enough about his duties like caring about his family, I believe there will be no need to worry for being into gambling or no need to feel shameful for being a gambler. Because gambling is not a robbery nor any social ill. But when gamblers start forgetting about their responsibilities, all the problems get start. Overall, gambling is an addiction. As long as you have responsibility for all risk, you free to do anything.
When addiction is the final result of gambling, I just worry every gambler will find themselves shameful for being into gambling after some period of time with gambling. If you are good enough to take care of not getting addiction, you can avoid those worst moments.
|
|
|
If I'm not wrong you're talking about martingale method and that method. I don't think even that method also will work for you every time because some time you may get continuous losses and your bankroll may eat up completely. Even if you start from very minimum amount also you will not make any money from this method in the longer run.
Yes, martingale will not work for the gamblers who just use faucet rewards. Martingale had worked me in a random way like mixing up automated and manual dicing and taking break and resuming gambling etc. This way I have managed to cash out from faucet. This happened only two times for me, maybe I was lucky enough on those times.
|
|
|
How do you know if the gambling site is a scam or not? how you trust a gambling site for you credit card and know its not a scam?
We Cannot know If the gambling site is a scam or not? Try it first Or read reviews or comments In the site or search In the internet search the site if the site is not scam they you should go the site.. I just know when a gambling site is a scam when they do not pay their players but I trust the gambling site when I see proofs that they are paying or have paid their players on the given time frame. Yeah and the best way for me that I use to decide if a site is trusted or not is that I visit that particular site's thread here and if the owner has no poor comments on his trust page then usually there are no issues. The feedbacks here define a lot, take example of PD they have no poor feedbacks while Dirctbet have some feedbacks about aggressive advertising which is indeed true though they are legit as fuck !
|
|
|
We several things that we can do to our bitcoin. If you had it already you can keep and hold the 50% of your bitcoinBTC, then the rest of it you can use it to buy some other altcoin where you can trade it too or do the same things to hold them also like what you are going to do with BTC.
Yeah trading we can do, investing we can do, gambling we can do, buying various items like casacius coins, etc The best thing to with bitcoins specially is buy altcoins and sell them. Most of the coins have a peak and bottom so you have to just be active and make use of those timings. I personally use bitcoins for gambling since there are no questions asked when I win and no ID proofs needed.
|
|
|
Not sure what you mean by overcome because right now also the transactions made by paypal cannot match the transactions made by bitcoins. Almost 1000 transactions per second happen with btc and we all know with PP not so many happen. Though btc cannot overcome PP because some sites and companies only allow paypal payments and they don't allow deposits with bitcoins. Once such sites accept BTC we might overcome paypal.,
Where did you pull 1000 transactions per second from? He talked about blockchain but yeah I agree that there are not so many transactions every second, because if so many transactions happen in a second I guess it's impossible for miners to get them all confirmed. Actually paypal is being considered the more volatile currency because it's being accepted by large number of sites. But ask a neutral guy who uses both BTC & Paypal and he would always choose BTC !
|
|
|
Its depends if they are offering good return on my investment but firstly I try 1 day to analyze if I can get more money by investing in that site if I can get more I renew it until I satisfied in my investment return.But just careful in investing in gambling site just invest in reputable one.
He wants to know about investing in gambling site's bankroll, not in ponzi For how much time do you usually let your money invested in a casino before finish or renew it?
I am sure every investor will give you different answer, maybe to set your own goal? How much do you want to earn? I think even you set your own goal in gambling and set how much do you want to earn, it is still won't gonna work. Due to do you a procedure of how your gonna do it, do you know the step of the amount on which you want earn in a day. After investing money in a casino we should never just hurry up for divesting it because basically investment means that you have that money extra and hence you want to earn interest on that amount. Investing money should not be similar to gambling where we just become too anxious for profits rather than just being patient.
|
|
|
Bitcoins price is based on supply and demand on the market.More demand higher price more supply down price.Yes you can manipulate bitcoins price if you hold a huge supply or supply that may be enough to sell or buy in the current market status
I do not think that there are many people who hold a large number of bitcoins in order to manipulate the price. But this assumption can not be ignored. And there are like 10 exchanges, where buy and sell orders combine over 1000 bitcoins and hence its not easy to change the price of bitcoins. There are certain whales whom I see on dice sites winning 10-20 bitcoins and they say that they changed it to fiat yet I never noticed a significant change in price, this itself means that the market cap is enormous and can't be manipulated easily.
|
|
|
I'm not panicking at the moment. Eventhough the price of bitcoin has dip a little, it is still good price in my opinion. Those that are panicking are those people who are trying to make a profit out of the SEC decision on bitcoin ETF. I think they are the one with are pumping and dumping the market because when they learned that the bitcoin ETF has not approved, and to protect all their investment selling all their bitcoins for profits. Although it is not approved, I think the future price of bitcoin looks bright for me and I'm not listening to those FUD spreading.
Fortunately selling is not happening with bitcoin prices after SEC rejected the bitcoin ETF application. This shows how much faith that people are having on bitcoin investment. People those who have good understanding about the potential of bitcoin investment opportunity will never get panic and will never sell all their bitcoins at a time.
|
|
|
The best education for everybody is google.Try to type words like revenue share ,elite ptc sites,best hyip sites to find sites for invest bitcoin and type site name and review and learn how to invest in that type of sites.
To me when I don't have knowledge about bitcoin, I tried to learn from google only. Google is the best option when it comes to bitcoin because you will find from basics like "what is a bitcoin". There are many related articles written by experts from different of the world, but for investing into bitcoin and cryptocurrency related information you can follow our forum. Besides using google to educate yourself you can find many ideas and experiences from other people on this forum, I have learned some much from the people in here and it helped me avoid some mistakes they have made, but still the best way to learn something is to do it yourself.
|
|
|
There are many people who lost their money on trading, because trading is unpredictable job, in my opinion i need: Method ( i must have system trading) Money ( i must have management of money and risk) Mind ( i must can control my emotion) Tell me your opinions?
yes,i too lost a lot in trading. My advices are 1.Dont be panic. 2.dont invest in new altcoins on seeing its price rising.It will be just a pump and you dont know when it will be dumped. 3.Do your own research and read ANN thread of altcoin and select the under valued coin.For example,in Decred,so far i have never seen a pump and dump. 4.For beginners,always start trading with the lowest amount which you can afford to loose. Good Luck. It is true that trading is something that is unpredictable and some people even go to say it is like gambling but trading is all about skill and being smart if you have some experience than you always make the right decisions and always make profit, people who jump right into trading without any knowledge will always lose and they will always say that it is unpredictable, it is not something for everyone.
|
|
|
It's cool to see that there is a bunch of people gambling from everywhere in the world.
When more people are into gambling, we can see few of them being lucky. But I am not seeing UK going for gambling in the intensive way how USA go. Yet, UK is leading this list. Long back I read, based on astrology we can classify lands on this earth and based on planet view each country will be having different luck factors. I am not believing into this theory still it just reminding me that read. Anyway interesting topic, I am just searching where my country sits.
|
|
|
It is not all about race also it is about finding your day. There will be no guarantee that you will find up your preferred results but playing with it in your free time will not harm until you are not becoming addicted to gambling nor spending from your packet.
Maybe this must be the right approach how to gamble. When there will be no possibilities of making profits from gambling we should gamble only with the free money and only when we are finding leasuire times. Still, from my experience I will say, you will start your gambling in your free time but you will slowly get addicted then you will play by taking off for your regular work. Because dice gambling or any other gambling will never give you profits but you will never give up it just to find your lucky day.
|
|
|
I pick bitcoins.Bitcoins is much easier to use in transaction onlines for me.Also faster transaction than if you send money through remittance center or banks.And the ability of bitcoin for you to generate more money and profit from it
Also the ability to hold 1000$ in your wallet yet no one can know about it even though you can show off with them by signing message with it, while in real life if you just show off your money to strangers they will attack and snatch from you. Hence bitcoins are much better than cash though some changes are still needed, one of them is confirmation issue and another is a easy payment gateway ( which might actually exist but I am unaware of )
|
|
|
It would be wonderful if bitcoin can be an international currency, you can go anywhere and pay goods and services with bitcoin. But it's hard to get every government to acknowledge bitcoin as they want full control over currency in their country. Don't worry OP, I like this thread.
I can buy some goods with bitcoin now. Buying goods with bitcoins does not make it international currency. Making international currency requires all the countries to participate and allow bitcoins transactions. But when I say that, its quite obvious that almost people from each part of the world use bitcoins even if that's not allowed bu their legal authorities. Who cares, as long as people love it bitcoins for me is an international asset rather than currency !
|
|
|
I always do this. If I made a profit with my deposit I only play with the profit. This the way I like to play most of the time. By doing this I know I am not going to lose a lot of money because I only make one deposit each time I play.
Yes this is an excellent strategy but the drawback of this strategy that I personally always feel is that first of all getting any profit with your main bankroll is difficult and then once you get it you feel like you own that money, no matter if you won it. So, when you loose that profit amount you will deposit back the original bankroll again and this continues unless you win too big with your profits or you loose all ( the latter has better chances )
|
|
|
I guess three months gap for repeating one strategy will be too long gap. Just repeating within once per month also will be more than enough to have a successful gambling strategy.
I believe you people are just discussing theoretically and not tried in actual gambling. Because in my experience you might need at least 365 different gambling strategies so that you will not repeat one strategy within one year. Remembering all these strategies and maintaining them will be a very big headache. Overall I just want to say there will be no working strategy for gambling. Just gamble for fun and move on.
|
|
|
Is there a way to see how much gambling sites makes?
In average, monthly the famous gambling sites are making millions. But my question is what you are going to do after seeing how much the gambling sites are making. If you plan for entering into online gambling business, you can start right away even without knowing how much a gambling sites are making because it will be definite profitable when you are capable of promoting your site effectively and if you are confident to provide world-class gambling experience and support to your gamblers. There are lot of topics you can find here about what gamblers expect from gambling houses. If you can come up with at least 50% of them then definitely you can also make millions.
|
|
|
None strategy will work if we use it for a longer time. In gambling there are a bunch of variables that will determine our result. Luck, self control and money management are the three main variables. In this kind of game, I already met some people that got lucky but failed to control their self and ended with bad result.
Mathematically we do not have any proof why one strategy stops working after some times. But I also have observed a few of my well performing strategies suddenly giving me losses. I agree, there are a lot of factors which are deciding our results in gambling, I'm sure I'm not changing anything of those factors still my strategies are not working as before. Honestly, I could not make any conclusion other than I am also not able to make any consistent profits from dice gambling.
|
|
|
Sorry Op but i think that you need to update the title of this Thread...
I guess there would be more meaning of keeping this one the greatest gambling winning amount in title as it is still motivating many gamblers including me. It is really an inspiring amount of bitcoins. Late wishes are always happening, still I believe Wonton deserves those wishes (probably adding date might be a solution here). I am sure that Wonton received more than enough...congrats about his win! Gambling is always about unlimited opportunities, when another player comes with bigger than this winning amounts, we cannot be sure Wonton has won more than enough. The real thing is how much inspiring his winning is and not about how big is.
|
|
|
|