I didn't know about this kind of AltCoin, I must check it. Thanks. Something like this happened on my country on the 80's. Saving account was too good and generated too much interest %, then many people just sold everything they had and put all their money on these accounts. Lots of people living from interest and stopped working, all day long doing nothing.
Then someday it crashed and people's money was confiscated, the interest % generated by these accounts dropped near to zero and it's like this until nowadays, worthless. With Bitcoin it's harder to happen because there are a global community involved and different interests, but there are many people dreaming to live without working, just with Bitcoins income and that isn't sustainable if everyone start thinking this way.
Who will produce the food, technology, science, education... ?
I certainly understand your question and concern But if we are to be honest and bravely face the truth, Bitcoin is not the first asset which allows some people to live idly. In fact, there are quite a few people who live exactly that way 9though not via Bitcoin), and that has been for ages, so there's nothing new under the Moon. Nevertheless, if we take Bitcoin, only early adopters (I guess we could still count ourselves as being the ones) can hope for that, the rest of the population should continue working hard Yes, I agree. The Bitcoin adopters pioneers have great chances to be the millionaires of the future and when the time comes I just hope they have a different behavior over the rest of population, not trying to enslave them with poor culture, destruction of values and depravity, but trying to bring these people to the light and evolution as well. The volatility of Bitcoin for now is an important feature to give some chance to everyone to have success on their lifes. |
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Are you sure?
What do you think? Is there any other possibility to use non-speculative currency without using fiat? |
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For me personally i still doubt if gambling activity can earn more profit. Because gambling depends only on luck, and it seems that if it continues to do in the long run it will hurt me and experience a lot of money loss. Well but maybe in gambling can also be a lucrative activity for others, i think maybe for get a profitable for gamblers is do with a smart on gambling, it seems to be also get a profitable, maybe.
Gambling being a profitable activity is too difficult to do. It's almost impossible, the gambling dependence on the luck is too big, nobody can control the luck, so gambling is too difficult to be a profitable activity. Indeed, I don't think that gambling will be profitable unless you were the owner. I have been in gambling for a long time but I don't remember that I got a profit from that, maybe I don't have a luck at all. However, I have heard some rumors that even though you have enough luck it is still tough to get a profit in that way. Therefore, for me gambling isn't a way to earn money it just for entertainment only. Only three kinds of people make profit with gambling: The casino owner, the casino investors and the lucky players. All the rest will just lose money and have fun while gambling (as they are playing for entertainment purposes). Seems many people know about it, but keep playing, what makes me reach to the conclusion they don't bother to lose money, they think gambling is fun and will keep doing this. |
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Why control it? Crypto currencies are so attractive right now because of volatility and speculation, there are non volatile coins and don't generate much interest
I think I do agree with it, most investors see potentials on things they can't control it's like a new thrill. In bitcoin you can't get bored to it, for other stocks they have the tendency for a repetitive trend everyday. And most users are used in gamble and uncertainty. It is like, a game play to them in some cases but eventually profiting the end. Cant argue much on what should be good for bitcoin, is good to be volatile or stable?. I think I will accept bitcoin as it is. If you want Bitcoin as a speculative currency used to grow your money, it's true, there is no reason to control the volatility, but if you want to use it as currency on your daily life there should be some stability... People won't like to use 1 Bitcoin today to buy a computer as tomorrow this person can use the same 1 Bitcoin to buy a car... People will tend to hold and only hold, without making the BTCs circulate on the market Bitcoin is no exception here Any appreciating currency (i.e. a currency rising in value) leads to this effect, that is, to people hoarding money instead of spending it. This is called price deflation (since one unit of a currency can buy more over time), and this is dangerous to the economy overall, by far more dangerous than small or moderate inflation (small and stable inflation is considered good and beneficial to the economy). In such conditions producers are disincentivized to produce, thus people are laid off, and the whole economy is set to spiral down. In other words, Bitcoin, with its number of coins hard capped, would be one such currency if it were used universally and instead of inflating fiat Something like this happened on my country on the 80's. Saving account was too good and generated too much interest %, then many people just sold everything they had and put all their money on these accounts. Lots of people living from interest and stopped working, all day long doing nothing. Then someday it crashed and people's money was confiscated, the interest % generated by these accounts dropped near to zero and it's like this until nowadays, worthless. With Bitcoin it's harder to happen because there are a global community involved and different interests, but there are many people dreaming to live without working, just with Bitcoins income and that isn't sustainable if everyone start thinking this way. Who will produce the food, technology, science, education... ? Why control it? Crypto currencies are so attractive right now because of volatility and speculation, there are non volatile coins and don't generate much interest
I think I do agree with it, most investors see potentials on things they can't control it's like a new thrill. In bitcoin you can't get bored to it, for other stocks they have the tendency for a repetitive trend everyday. And most users are used in gamble and uncertainty. It is like, a game play to them in some cases but eventually profiting the end. Cant argue much on what should be good for bitcoin, is good to be volatile or stable?. I think I will accept bitcoin as it is. If you want Bitcoin as a speculative currency used to grow your money, it's true, there is no reason to control the volatility, but if you want to use it as currency on your daily life there should be some stability... People won't like to use 1 Bitcoin today to buy a computer as tomorrow this person can use the same 1 Bitcoin to buy a car... People will tend to hold and only hold, without making the BTCs circulate on the market. There are non speculative coins today, but they don't have much traction, we can start another non speculative very usable coin today, who would use it? All Crypto-Currencies are speculative currencies. Only option to use non-speculative currency is to use fiat instead of Crypto-Currency. |
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Why control it? Crypto currencies are so attractive right now because of volatility and speculation, there are non volatile coins and don't generate much interest
I think I do agree with it, most investors see potentials on things they can't control it's like a new thrill. In bitcoin you can't get bored to it, for other stocks they have the tendency for a repetitive trend everyday. And most users are used in gamble and uncertainty. It is like, a game play to them in some cases but eventually profiting the end. Cant argue much on what should be good for bitcoin, is good to be volatile or stable?. I think I will accept bitcoin as it is. If you want Bitcoin as a speculative currency used to grow your money, it's true, there is no reason to control the volatility, but if you want to use it as currency on your daily life there should be some stability... People won't like to use 1 Bitcoin today to buy a computer as tomorrow this person can use the same 1 Bitcoin to buy a car... People will tend to hold and only hold, without making the BTCs circulate on the market. I got your point and slightly agree to it. Maybe I'm just too focused on investment thing in my mind. When we're talking about its integration to our daily life as a currency I think you're right that most businesses think the same way. But really I don't see so much an issue with this when in reality using bitcoin as a currency is an individual decision to make. For I will may do it or may not. Think about it if 1bitcoin price is increasing does a businessmen who you transact with will profit or made a bad deal. Yes, in the end everything is based on individual choices and that is the point of Bitcoin, we don't have a regulator controlling the price, centralizing everything. I understand it's a new kind of currency and a new way to make business. But being realistic I think Bitcoin will continue more like an investment for much time yet. About your last sentence, it's unpredictable, that can be a good or bad deal. There is a chance that Bitcoin price will continue rising and there is a chance that will stop rising immediately and start droping right after.  |
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Why control it? Crypto currencies are so attractive right now because of volatility and speculation, there are non volatile coins and don't generate much interest
I think I do agree with it, most investors see potentials on things they can't control it's like a new thrill. In bitcoin you can't get bored to it, for other stocks they have the tendency for a repetitive trend everyday. And most users are used in gamble and uncertainty. It is like, a game play to them in some cases but eventually profiting the end. Cant argue much on what should be good for bitcoin, is good to be volatile or stable?. I think I will accept bitcoin as it is. If you want Bitcoin as a speculative currency used to grow your money, it's true, there is no reason to control the volatility, but if you want to use it as currency on your daily life there should be some stability... People won't like to use 1 Bitcoin today to buy a computer as tomorrow this person can use the same 1 Bitcoin to buy a car... People will tend to hold and only hold, without making the BTCs circulate on the market. |
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Well, you can borrow on exchange. Poloniex is good place to trade and to borrow. Just in case you run out of money and you need them because you don't wanna miss the opportunity to get some profit. Or you can sell your holdings where you put all your money. But that's impractical thing to do. That's why lending service gives you quick solution. If you don't want any liabilities. Then you have to wait for your altcoins to pump at the good price and sell them and buy again. This needs patience though.
Or he can borrow money from a friend, parents, relatives, acknowledges... That is unsual, but I think you can negotiate better rates than borrowing money online, especially if your parents can lend some money to you. If you are really good trading and growing your money online you can be very confident about it and go on without much fear to have losses. |
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We believe in what we see, people that are here more then two years seen that with bitcoin price anything is possible.
25000 dollars in two years its almost 6 times more then now, bitcoin can do that but will it its a big question.
My prediction is more then 7000 dollars before next year, double more in next whole year and in 2019 we will be near 20000 dollars, that's sounds feasible in my opinion.
2020 will be a year of halving and that can push price very high, so even 50000 dollars in 5 years can happen.
Hold bitcoins, or at least one for next 5 years, what ever happen and no matter what others are talking, fud they spreading, hold and wait.
Everything is possible, but the scenarios change all the time and really fast making very hard to have solid predictions on long term. 5 years is too much time to say with accuracy what will happen, anyway, I think 1 satoshi = 1 cent it's too hard to happen, Bitcoin must hit $1.000.000 and I don't think it will happen so fast even being optimistic. There are some people predicting crazy scenarios, but I think it's more about their wishes/desires than real facts. |
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It's not impossible to happen, but I think if China were banning or regulating Bitcoin even more because of North Korea possible secret financing they would say it...
And if North Korea is really using Bitcoin to finance their shady activities I think USA is aware about it and investigating secretly.
The only chance for North Korea is to resign and stop threatening others, if they don't want to be destroyed.
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There isn't problem about it.
There are people who put their referral links on their Signature space too and that is allowed. If you have a nice site to promote, want referrals and think people here could have interest, do this. I believe it worth much more than just pasting your BTC address...
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I would invest all the money in Bitcoins. It's the most safe Crypto-Currency, the main one. Other currencies, even ETH, are just AltCoins created from Bitcoin source. Another option would be to invest biggest part of this money in BTC and a smallest part on ETH. In my opinion to hold Bitcoin on long term worth much more than ETH...
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I was just wondering that is it possible to earn steady income without going 8-5 hours regular office job.. I mean you got some bitcoin in your wallet .. are you the enough for living ?
another option is to regularly working on Bitcoin related trading/activites .. that earn you enough amt of monthly income ..
what's your opinion
Note: this is not for poor fellow who just discovered bitcoin or altcoins
I know someone who left her job in able to focus on bitcoin. Well that's why i can say it's possible as long as you know what are the possible ways of earning a bitcoin it's either through mining or going on a. signature campaign, you can also invest and i think theres a lot more. There are some people here saying they left their jobs to live from Bitcoin's income. That is a very risky idea and not adviced. Bitcoin is an unstable currency that changes its price all the time, also, it's influenced by events happening everywhere. So, it's out of control, if tomorrow an important country bans Bitcoin the price will be affect and even you are on the another side of the world you will be affected too. Mining isn't a good way to earn Bitcoins for the common user. Signature Campaign helps, but it's not enough to live from its income. Possible to live from Bitcoin's income without a job if you have much money invested and earn passive income from it. |
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At a younger age I liked slot machines, but now they do not bring me such pleasure as playing roulette, poker or sports betting. I think gambling machines are good only for beginners.
younger like at what age ? lol i even quite often to see oldman or old lady sit to play slot for long time. i thought it was just a game for old people , boring game indeed compared to card games like poker or blackjack. however we all have different mindset about how to having fun in gambling , i do feel slot so fun sometimes, just sometimes. I agree. I see many old gentlemen and ladies playing Slot-Machine games really addicted on it. They usually don't play any other game, just changing from one to another Slots game. Some of them with Bingo theme, others with Pharaoh theme... It's an easy game and relaxing for them, also, many of them think they can set "strategies" that really work, like clicking many buttons on the machine at same time or changing bet amount, etc... |
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I think gambling has an impact in lives of each of us. For me life is a gamble. Just like in gambling we need to have the courage to risk something in order to win, but we should be cautious that we will not be addicted to the point that it will also make us lose what we already have. This also applies in our lives were risking has the limitations. We should set our goals and make sure that once we reached our gaols we will not be that greedy to earn or reach more since it may cause our failure
Life is like gamble, because it's unpredictable. And if you are too greedy you may have several losses on your life that could lead you to the ruin. But if you know how to manage your life and control yourself on different situations you can have success. I think the difference between life and gambling is that in gambling you need basically luck, while in life there are another factors that influence it and we don't know very well yet, I don't believe luck in life, but something like karma, not influenced by previous lifes, but influenced by your actions on this life. |
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I like satoshiwars.com. You complete missions, upgrade your level and unlock more and more areas. You can upgrade a mine that produces passive income for you, when you upgrade it to the maximum level you will receive some income daily and you receive gold even if you don't login into your account. You convert gold to satoshis later and withdraw to FaucetHub.io. Legit and trusted site.
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any heavy gamer and whale would not take that risk showing their activity as they knew that they are prone to any hack or any concerned in terms
of gambling activity they will just hide themselves and try to accumulate more and more coming out from any gambling house that they love to play.
It's true, who gambles lots of Bitcoins daily won't want much contact with strangers on the internet. These people are target of many potential virtual thieves trying to earn some easy money based on illegal activities. It's too dangerous for these big players. Luckly, you can receive some tips from them when they win big on the online casinos and that's all! |
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They could kill Bitcoins this way, but there are many people involved on this market and I don't think they will sell all their Bitcoins for now. There are smart people holding too many coins and they know if they do this (sell their Bitcoins to an organization) they will kill the currency. There are enough Bitcoins in circulation on different hands, for now we are safe.
But I think some governments are already thinking on this possibility, if Bitcoin becomes a big problem for them, to kill it this way is a solution.
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When we think about investments we imagine investors with big sums of money, so for btc casino it would be 1 or more btc, for instance. However, the minimum amount you can invest is usually 0.01btc which is only 10$. Do you think such investments are profitable but you earn small sums or maybe they don't make sense at all? Can someone explain it to me?
If you just want to experience/test investing 0.01 btc will do fine, but if you actually want to make good profit you're gonna have to invest more than that. Well but not everyone can start with a big investment so as little as 10$ investment can grow ito be worth something more one day just like Bitcoin was less than a dollar and it's now over 4k$. On this situation the investment would only worth if Bitcoin skyrocket a lot meanwhile. Small investments like $10 won't produce a decent income and it will take ages until you be able to withdraw some profit from the casino. Small investments only worth if you want to test and see how it works (to calculate the % profit), but if you want a real income, try to put more money on it. And don't expect BTC price skyrocketing to have profit, because no one can predict it exactly and you may wait too much time for it... It's a bonus profit, but don't see this like a condition for success. |
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It's really easy to claim on your faucet, but I think the reward is too low. We can claim 4 times every hour on this faucet, so 40 satoshis profit.
Considering BTC price $4000, we can make $0.0016 hourly. I understand you are starting your faucet yet and I hope you increase the rewards and remove minimum payout soon to make this faucet more interesting.
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My parent , especially my mom , she always tell me to stop doing bitcoin otherwise i will go to jail or doing bad things to social ! I don't get it ! Old generation seem very lack of experience in Bitcoin ! Why they keep telling us to stop when they even don't know how to check a simple email on ebay ! How to explain them guys ?
Like what other said, your parents are trying to protect especially now that internet or online world has made a bad impression specifically to "old generation" as you stated. The thing is to make them understand that it is legal with proofs that truly it is and back them up that the government released a regulation (if your government did so) and support or atleast recognize it which implies that Bitcoin is not bad at all and not a scam. Goodluck! Actually, depending what he is doing with Bitcoins can put him on the jail. In some countries Ponzi businesses aren't allowed and those who join these schemes can have problems with the law. And we know it's very common on Bitcoin world to join Ponzi and HYIP schemes, especially newbies who are starting their journey here. Maybe there are some other activities forbidden also in some countries that are common on the internet with Bitcoins. His mother is surely trying to protect him, but if he left Bitcoin because of it he will be losing a big chance on his life... Just make sure about what is allowed and what isn't on the country and be safe. |
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