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6781  Bitcoin / Bitcoin Discussion / Re: We are still far behind mainstream acceptance on: February 11, 2017, 09:49:54 AM
Yes, Even when I discuss bitcoin with my friends and family members, they raise a bunch of questions and eager to associate bitcoin with Ponzi scheme without knowing anything. I think we as a community should build some awareness on the individual level so that this massive understanding would fade away. In my country less than 0.1% of the population is using bitcoin, so we are far away from mainstream acceptance at this moment.
Yes that is one of the disadvantage of it that most of the people who are not aware of internet or online shopping or online earning or investment, they ont really trust in such type of currency or online wallet but I think in future it will be a different case.

The only hope against these types of people, would be investment opportunity of bitcoins, because I made 2 of my friends to adopt bitcoin bys showing its price levels. Mass adoption is the only way to achieve main stream acceptance.
6782  Bitcoin / Bitcoin Discussion / Re: Easiest way to convert money into BTC? on: February 11, 2017, 09:08:46 AM
I cant suggest you better way then i use because, I have contact with big trader of india who helps me to convert real money into bitcoin and bitcon into real money. its just hazzel free task for me to convert bitcoin and fait. he is just a god for me. his honesty makes me become fan and support him. Thanks trader Alpesh
Actually he is not doing any big favor to you my friend because even if you don't sell him you can still get skrill/moneybookers from bitcoins directly in moments and just at 3% fees. And skrill as we all know can be converted to real money via legal ways too. Anyways hope it helps you guys.
6783  Economy / Economics / Re: BTC price should have risen after China froze exchanges on: February 11, 2017, 07:47:52 AM
The supply of circulating BTC is now less, at least for a month or possibly longer. Should not a decrease in available supply increase the price?
Freezing exchange activities also might lead to a decrease in demand unlike you have mentioned only about surplus supply. So, we cannot be 100% sure only for positive impact on bitcoin prices due to China exchange's withdrawal pause incident. Anyway we can assume less activities from Chinese people which may impact on bitcoin price levels, let us wait for directions.
6784  Economy / Economics / Re: Build a Bank Of Bitcoin on: February 10, 2017, 07:05:08 PM
if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
I trust my bank to save my fiats because it is regulated by my government. When a bank gets collapsed my government will take responsibility to restore my account along with my savings.

Now just tell me, what are the measurements you have taken to run a bank system similar to what I stated above for example. Never think, people will get greedy and will start saving with you when you offer some interest. Have seen many companies like you said.
6785  Economy / Economics / Re: The future of the paper money on: February 10, 2017, 05:34:11 PM
I dont know how long it will take, but sooner or later cash will disappear, maby not in 5 years but they will

I think you are right one day or another, paper money will disappear, but  I don't think this is going to be happening in five or ten years. This is going to be much longer than this timing. At the moment, even for buying bitcoin we need paper money. Maybe you use a credit card or a debit card, but there is a people in the world who has never used them in their whole lives.
That is right, people are still living in the stone age, some of people are still not familiar with the internet and they don’t know what bitcoin is, or even PayPal or other online payment method.

So, until the whole world start using online money the paper money is still going to be there and governments are still going to print them. But the big question would be how much percentage of people will be using it.
6786  Economy / Gambling discussion / Re: Dice game strategy? on: February 10, 2017, 05:02:47 PM
Well, I think in playing dice those people would think and do some calculations, but I think it is not a strategy, because basically all depends on your luck, and whatever you do, you will not be able to do any strategy, because you can only view it
I disagree a bit with you here, some strategies like martingale and others actually are very good if someone is happy to accept small profits everyday. I mean yes if you want to double your money, maybe martingale is worst but for a 20-30 % profit, I think best is martingale.

Will you always earn 20-30% profit everyday with martingfail? NO,,,there is no guarantee that you can always win with any strategies including martinfail even though your goal is only 20-30%.
You can lose your previous 20-30% winning anytime along with all your starting bankroll.
It is true but the chances of that happening are low but I agree that in long term you cannot profit with this because basically you are testing your luck one too many days.
It is like hyip sites, sometimes they pay but the longer you play with them they will end up having the last laugh.
6787  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 10, 2017, 03:30:52 PM
Sri Lanka seems to have lost it completely. Their bowling attack doesn't look threating at all. Going to be another easy win for the South Africans. The new lineup is terrible for them.
Yes, South Africa is going to win this series 5-0 so easily. But for me, being a gambler this series is not fruitful.
All the times when I did check, the odds for South Africa was 1.01 very rarely I found 1.08. One side dominance series are always easily predictable and hence we are not getting better odds for making decent profits.
6788  Economy / Gambling discussion / Re: Strategy and Lost in GAMBLE on: February 10, 2017, 12:56:08 PM
Hello   Smiley

I was wondering if you have any strategy when betting and what's your biggest lost

Cheers !

I play dice games mostly and my strategy looks like this: I play 9x (11% win chance) with base bet 0.1% of my bankroll. I double my bet after every 3 reds. It works most of the time, but of course not always. My biggest lost was 0.01 when I hit over 30 reds in a row losing streak.
I prefer safe strategies as compare to this, like betting on 1.25 odds and increasing bets quickly.

But from what i have seen in leader-boards in primedice and other big sites I have see that its much better to bet on high risks like yours since for some reason they prove much better than the safe strategies.
My biggest lost I can't exactly recall as I often loose a lot.
6789  Economy / Gambling discussion / Re: lucky ! does it influences by a woman beside of us? on: February 10, 2017, 11:57:53 AM
I have a couch that I sit on when I'm not on a good run. I watch an episode of Peep Show or Friends and then get on betting. I do not have a lucky person helping me win. I would like to have one though. Lets see what the future holds.
Actually its all about odds and people would have become millionaire had such superstitious things working in real life.

It is just your mindset friend that makes you feel like that. Its like we we have 10 women and we make a bet with each of them on 50% now obviously we would win 5 times or 6 times, which was indeed expected and how can we call the women with us that time being lucky ?

It just does not makes any sense man.
6790  Economy / Services / Re: BitDice Casino Signature Campaign [WILL START 1 DECEMBER] on: February 10, 2017, 10:35:57 AM
Payments hasn't come in yet.  Just FYI.
For last round, we got paid on Friday so we can expect same thing for this round too.  Smiley
6791  Economy / Economics / Re: Is the economy situation in your country that bad? on: February 08, 2017, 11:14:11 AM
I cant say that economy situation is good but I can say government is doing things to improve nicely.  Though expected fresh graduates didnt get a job easily, lack of job vacancy. So, unemployment become increasing yearly in my country. However, even this things happen, each one of us should do hard work and determination to achieve goals in life.
Well said my friend, I for example just graduate from college and I have decided to start working with the bitcoin instead of just going out there and looking for a job, because the normal employee in my country does not earn half the amount that I earn out of the internet, and this goes to show how bad the situation is not just in my country but most of the countries in the world.
6792  Economy / Economics / Re: 2016’s top cryptocurrencies + january 2017 on: February 08, 2017, 10:39:13 AM

Trumpcoin:

March 1 2016 : 160 sat.

January 15 2017 : 63462 sat.

An increase of 39563.75 % !! If those values are converted to dollars, the percentage increase is even higher.

That's the another shit coin, I won't be expecting a lot for the trump coin. It's fully with pump and dump. I don't ever seen an interesting innovation in there although  trump coin has based on the trump's hype. but in this time you know what's US feeling about trump.  Cool

The link the guy who started the thread posted shows cryptocurrencies in terms of how much their value increased, not in terms of which is superior technically. Trumpcoin's value since January 15 has plummeted but I think the creator foresaw this fad well. It may increase again in 4 years if Trump gets re-elected. Who knows? I'm sure there are cryptocurrencies out there that outperformed even Trumpcoin in 2016.
Well bitcoin has been growing a lot faster than any other currency out there, not just for the past few months but over the years, and I don’t think that trump’s coin is going to have a better rise rate, and probably by the end of his time it will go down, it is a cheap way to use his position to earn money and I am not finding any possibilities for its successes.
6793  Economy / Economics / Re: First investments in bitcoins on: February 08, 2017, 09:53:30 AM
Dude, this is bitcoin. It is not same with any other kind of investment. There is nothing is too late to buy and hold bitcoin. Just because when you come to invest and the price is too high according to you, it's not the real reason to not invest on it. In 2011 the price is under $500 and at that time the price is too high for someone who new to this. If you know what I mean.

Nothing too late to buy and too late to hold because we are all thinking that bitcoins would run for decades or even centuries. We all see bitcoin as a long term investment instead of a bubble. To me, all types of investment is a bubble that can pop at any given time.

You might be able to think that you're going to live long and treat bitcoin as a long term investment but I really think that it's all about timing. Those people that bought bitcoins back then at 1,200$, they are all still waiting for the price to go higher than that so they can finally sell their coins. They might be thinking that the price is going high at that point so it must continue going high. This is the illusion that the concept of ATH has given us. In reality, everything that goes up will eventually go down. It will go down hard.
Bitcoin must be the best way to earn fast profit, deciding to buy bitcoin is already and investment in itself, if you buy at a low price you have the opportunity to make profit when the price goes up again, since the bitcoin price is not that stable means that it goes up and down relatively in a decent time that allows you to buy at a low price and sell at a higher one.
6794  Bitcoin / Bitcoin Discussion / Re: Daily use of bitcoin? on: February 08, 2017, 08:19:18 AM
I heard that Starbucks already started to accept bitcoin as payment. I don't imagine how it work exactly, because of I have no place here that would accept bitcoin. But I think such transactions in place that work with bitcoin all operations provided as fast as with a card.

If all starbucks outlet in the whole world will accepted bitcoin all coffee drinkers who are addicted in coffee will become familiar with bitcoin for sure, even the uneducated person will become curious about it because they will see some of their co-customer are buying via bitcoin. Once they start asking about in bitcoin that's the beginning to get their interest. Which is not impossible to be happen, cheers!
It is true but not Starbucks only, but other popular and big companies if they start adopting bitcoin as a payment method many people will start using it and it will become more popular, especially when it comes to the things that people use every day like restaurants MacDonald for example. If walmart starts accepts then we can see a new revolutions.
6795  Bitcoin / Bitcoin Discussion / Re: There is no "proper" price for bitcoin on: February 08, 2017, 07:16:58 AM
Whoa! Thank God there is something to agree with. I love the fact that it was said "Bitcoin is a imagined community". It is true. It had no physical thing but still it works. Why is that? Maybe that could ecplain why no one here could really predict what price will be the next one.
Yes you could go near the prediction but still there is no basis for that. All of it are mere guess which will not be backed up by any facts.
True, the fact that bitcoin has no physical existence and it is limited when it comes to the resources and people are coming in every day means that the user base is getting bigger which means that the price is going to keep on rising, for bitcoin the sky is the limit and we can never really know what the price is going to reach.
6796  Bitcoin / Bitcoin Technical Support / Re: 65,000+ Unconfirmed Transactions, Why? on: February 08, 2017, 06:39:41 AM
Quote
I would like to ask the experts that why this is happening again and again?
Simple: Bitcoin is the victim of its popularity and we're reaching a point where the total weight of all transactions is such that blocks are full. That happens indirectly when the number of transactions increase, which in turn happens when new users join the bitcoin club.
From this point on there are three solutions: (1) either you're satisfied with the current situation and you accept to pay higher fees without doing anything (said fees will get higher and higher as new users arrive, until the point where they will be so high that no new users will join anymore, and then they'll reach a high and stabilize but there's no saying where and when this will happen), either (2) you join the big blocks club, or (3) you support segwit and the lightning network. Pick your side but pick wisely: each of them have their lot of downsides and advantages.

I personally advise against choice #2 as a hard fork would be disastrous for the unity of the network. We've recently had a glimpse of what would happen in case of a hard fork when one of them happened between ETH and ETC. Since it's happened most big blocks supporters seem to have stopped supporting them too. I mean, it would be open warfare between BTC and its fork and I'm sure that as an investor you and your money don't want to be caught in such an apocalypse. Also, as blocks would get bigger, security concerns would arise.
Totally true, with the bitcoin becoming higher in price and people are coming in everyday that only means more transaction and more traffic which means more work for the miners, that is why it is why the transactions take time to get confirmed if you want to ensure the transaction reaches fast you have to pay fees.
6797  Bitcoin / Bitcoin Discussion / Re: What are your thoughts for Bitcoin in 2017? on: February 08, 2017, 05:22:37 AM
I guess bitcoin this 2017 will become more popular compare last year, its my thought anyway only. Maybe because bitcoin nowadays is very trend in online technology, so many of the people became curious about it.

Of course it will because that will make more people encourage to use bitcoin upon seeing its price. And I am very sure that many will look to bitcoins opportunity and will aim for more success in bitcoin because it can make their lives wealthier and they will be more inspired upon knowing that there are people who became rich with it already.
No doubt that the bitcoin is something that brings to much things to the table and make the lives of people easier gives them the opportunity to earn money online, and I think in 2017 that the bitcoin is going to get more popular and become used like PayPal or any other payment method, which will make its price higher.
6798  Bitcoin / Bitcoin Discussion / Re: How to make governments accept bitcoin? on: February 07, 2017, 09:27:47 PM
Governments are not going to be the people that want to accept bitcoin in the least as it's in the best interest to keep their fiat currency rolling and churning. Bitcoin is a nuisance to countries as they have to go ahead and pass regulations and such relating to it.

The only way to make them accept bitcoin is to force them into that relationship.
I think it's obvious that it will be very difficult to do this. especially if the government forced to accept bitcoi of course it would be detrimental to the government itself. so this will be an issue that will be long resolved

Rather than thinking about the ways to get the governments to accept Bitcoin, we should think about the ways for different companies and brands to accept it as a payment gateway or get more people into mining Bitcoin. That way, the popularity and the usability both will be increased and it will make a good future for the Bitcoin.  Smiley
If companies and brands accept Bitcoin, it will be easily used in the physical world. The government, however, does not like Bitcoin at all since they can not collect tax from the BItcoin users. Companies and brands are more likely to use Bitcoin because they can obtain the advantages from its technologies. Therefore, persuading companies will bring us more success
Agreed, even if many companies use bitcoin and accept as a payment method still governments will not accept as a legal currency, and the only way for them to accept it as so is to let them control it and like you said let them apply taxes on it which we don’t want because it means that we have to deify the main idea of the bitcoin, so it is better off like this.
6799  Economy / Trading Discussion / Re: What is your toolset for Bitcoin trading? on: February 07, 2017, 08:47:54 PM
I am always working with pivot point analysis for daily levels on bitcoin intraday trading. I am aware of candle stick recognization and interpretation with different moving ravage and its meaning of cross overs also get me accurate predicting capabilities. But most of my trades are highly depends on pivot point analysis's support and resistance levels.
6800  Economy / Trading Discussion / Re: Bot Softwares for Trading on: February 07, 2017, 08:15:27 PM

I was interest to buy but I don't see proofs of how profitable their bots are. Is there anyone who sells their bots and has succeesfully tried to create a video on how it works live on some exchange like polo?

If its truly working hundred percent that they win more than 70% of its entry, the creator could be earning more if he shows a viseo of it wining a trade.
Never invest in this type of trading supporting things unless otherwise you will be having some solid proof on its performance for consistently profit making. Otherwise it will sum up again your trading losses to some extent. Personally I never prefer for any trading bots as I am completely satisfied with my manual trading performances.
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