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1181  Economy / Gambling discussion / Re: Trading vs Gambling on: September 07, 2017, 09:40:24 AM
I think trading is much better than gambling when it comes with a sure profit because when you trade surely you will gain something on the other hand if you gamble there is no assurance if you can win or loose. But if you want easy money gambling is better because trading takes patience and time before you earn big.

Trading cryptocurrencies require patience in order to have some winning trades. I know it is easy to be patient but when emotion and money are involved, being patient is hard to practice - hence, the one who can practice it in their trading wins.
1182  Economy / Gambling discussion / Re: How to quit Gambling for good? on: September 07, 2017, 09:37:53 AM
You really have to break the belief that you can recover all the funds that you've lost to date. Many gamblers continue playing because of the sunken cost fallacy, they keep taking the same steps thinking that is possible to recover all their losses with a short string of victories. It doesn't work like that though, so write off all your losses and concentrate on building something new.
if you want to quit, you may have the difficult times because we love gambling so much so if we quit to that one we will need some space and time in order for us to move on, just wait for the time , step by step forget it , in that way you will feel contended on what you get before, but think of it first before quitting.
yes then you should do it step by step , you can not do it all at once.

think about how earn money from gambling are not good at all, even for some people think that it was dirty money (by the way i am not one of them who call it that way) just leave it for better reason like to make your life completely normal as when you have a gambling habit it wreck your good life.

I am one of them, for me the money from the gamble is dirty money, based on my religion gambling is forbidden.
So if you want to try to stop gambling, remember the laws that exist in your religion. But if you still do not care about it, then gambling should not be a problem for you.
let alone the religion rules be your personal issue , don't bring it on here please. for some people gambling not just about be a good guy or bad one. there is a professional gambler who make it as a long term career and he did it smoothly by the way .

why it could happened?they really know what they are doing, how to having control etc but not with people that mostly become greedy and hard to quit from it.

I know there will be people who do not like it if we bring the religion law here, but here we are talking about how to quit gambling for good, so if we want to quit gambling, then we can think about the religious gambling law because it could work.

For me, I think there is nothing wrong with religion because it guided everyone for good. I don't see any religion that guide any individual to do bad for others or do bad acts. With that in mind, if religion can help a gambling addict addict to finally get out of the addiction, well and good.
1183  Economy / Gambling discussion / Re: Trading vs Gambling on: September 06, 2017, 10:27:58 PM
trading need more time to get the profit,and gambling can quickly get rich (if you lucky),but gambling has a high risk

Gambling is fast and you will have a fast time to lose too. It will be hard for those people that only gambles but don't know how to trade. I'm a gambler and also a trader but I find it more profitable in trading because it gives me a lot of chance to earn unlike in gambling when you lose, it's hard to recover almost everything.
well, gambling is very fast can make a lot of money for us. but, if you're not lucky, it could backfire for you. honestly, I prefer trading from gambling, because trading still has a great chance to benefit from gambling.
Both involve risk but gambling risk can neither be analyzed nor be mitigated. Also, trading gives us huge profits while gambling is not even a mean of earning. Gambling is a game while trading is a profession and traders are seen with more respect as compare to gamblers. At least, I do.
Yeah the common mistakes is when you consider gambling as a source of earning ,
People are too greedy , they can't even think properly when it comes to gambling ,
But when you do trading it's pretty different really ,
Much more comfortable to make money through trading instead gambling for sure.
Gambling is thought to be a way of earning by many people but actually it is not true. Gambling is totally a luck based game and if someone losses then he might not find it a business or reliable job to earn profits on daily basis. On the other hand trading or investing money in some sort of work is far better choice than simply gambling with saved amounts.

You are correct mate - gambling should not be treated as a business and must only be looked at as one of your ways to have fun and entertainment. Being said that, it is not really advisable to hope to get money out of it when you need most the money. Trading is a good one - with cryptocurrency, the patient trader wins.
1184  Economy / Trading Discussion / Re: how to start trading with a very small amount on: September 05, 2017, 06:58:07 AM
as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

Trading Bitcoin in small amounts usually can't yield enough profits. If you want to get into trading, use a larger amount and invest in many different altcoins to ensure that your funds are spread out.

Bitcoin trading can be risky, so I would think that taking a few jobs on this forum or joining a signature campaign would be a better option. However, it is up to you to decide.

At the end of the day, it is always at the individual's preference - whether he will go for crypto trading or gambling. When trading, there is also 2 types of trader, day trader, and long term trader. It is really up to where you are comfortable.
1185  Economy / Economics / Re: Best way for steady income on: September 04, 2017, 11:13:37 AM
There are many more ways to keep your income stable. You need to invest a lot of money so you can spend too much. And it's also possible with freelance jobs and more. Just stay awake and always be positive in everything you do to take risks always because the big rewards are here for you.
Invest a lot of money to trading just make you need careful and worry more. If you really want have steady income at here, you should learning knowledge, experience first because nothing is easy when you investment. Even this is mining, you also know hardware Wink

Investing higher capital in trading is always an risk if you don't have a knowledge of it and there will be always a fear of loosing money and trading will never give you steady income as you cannot be sure that you will make profits from each and every trade and sometimes it can also bring loss for you.

Every investment sure have a high risk because it has high gains too so in order to get good result you must need to use more capital but depends om how much you can afford. And mostly I can say gambling investment is the really best way to earn because in the end they will always profitable. And due to the current price I think gambling small amount will be good too, try to get 0.001 btc profit steady is great thing

Don't you think that depending on gambling to earn is really risky? I will never take that risk of putting my money in gambling and expecting some returns from it regularly and instead I will try to take a risk of investing in trading where the chances of getting some profits is higher in compare to gambling.

It is way low risk when you trade cryptocurrency compared to gambling. Though you can earn big and fast, the risk is so high with gambling. That is why, it is advisable to just gamble for fun and entertainment and with the money that we can afford to lose.
1186  Economy / Trading Discussion / Re: When do YOU sell? on: September 04, 2017, 11:11:28 AM
If I have invested money in altcoins then I never hold them too long and sell whenever its giving me at least some profits as it can be bought again when price dumps and bitcoin is an long term investment for me so I will not sell till it achieves my desired price and till that time I will keep them safe in my wallet.

We can actually sell when we reach like 3% profit - no need to target some big gains and just play with small target profits regularly in any given day or days or even weeks.. Better do the short term trading with altcoins that have huge volumes because you will be sure that there is volatility of prices there and a room for profit.
1187  Economy / Gambling discussion / Re: Trading vs Gambling on: September 04, 2017, 11:08:42 AM
trading need more time to get the profit,and gambling can quickly get rich (if you lucky),but gambling has a high risk

Gambling is fast and you will have a fast time to lose too. It will be hard for those people that only gambles but don't know how to trade. I'm a gambler and also a trader but I find it more profitable in trading because it gives me a lot of chance to earn unlike in gambling when you lose, it's hard to recover almost everything.
well, gambling is very fast can make a lot of money for us. but, if you're not lucky, it could backfire for you. honestly, I prefer trading from gambling, because trading still has a great chance to benefit from gambling.
Both involve risk but gambling risk can neither be analyzed nor be mitigated. Also, trading gives us huge profits while gambling is not even a mean of earning. Gambling is a game while trading is a profession and traders are seen with more respect as compare to gamblers. At least, I do.
Actually trading sometimes feel like a game , yeaaa a game of money / game of predicting.
Both is so similar , but basically trading considered as a legitimate one to get a profitable income.
As gambling is -EV , you cannot expect always having profit there.

In trading, as long as you are not doing the margin trading, you are good because you will have the altcoins you bought forever to you and you will only going to profit or lose the time you sell it. So, if the price is down, better not sell it yet and only sell it to the price that you are already profitable.
1188  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear? on: September 04, 2017, 11:06:42 AM
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?



I am afraid you simply cannot erase banks from the face of the society. They are one of the most powerful and highly in control institutions in our modern era. After all, banks can adapt and evolve along the way to cope with the new demands with the time. Just like what's happening right now with the advent of cryptocurrencies. The banks will have to adjust in order to survive and remain powerful.

Banks are there for a reason and are already established in our financial and economic institutions. We can't easily get rid of it in an instant because it is well regulated by governments of each country to safeguard money in and out to our economy.
1189  Economy / Gambling discussion / Re: To Gamble or To Invest? on: September 04, 2017, 11:02:41 AM
Gambling is good for fun but you cannot expect to make regular profits from it as you will win only if you are lucky and luck will not always be on your side every time so I will prefer to invest my money from where I can generate regular profits and investing in good altcoins seems to be the best option for me.

gambling is really not investing unless we invest to the casino and not going to play to that casino. Gambling should only look at as an avenue to relieve stress and get entertained and having a fun time and not for profit..
1190  Economy / Economics / Re: How can we make more money? on: September 04, 2017, 10:57:47 AM
To earn more you need to work more, applying all your talent, mind and strength. And this does not apply to the fact that you have to tear between three jobs, you need to focus on one, but one that will bring you maximum pleasure and income.
Exactly, “Hard work is the key to success”. I think apart from job, you need to look for such sort of means which can help you out in earning more. And in the present age, there is no best option other than BTC trading and investment. All you need is to learn about it first.

Everyone works hard but no one becomes rich with hard work and if you want to become rich then you need to work smart and not hard and smart investments will make you rich in future and if you are smart enough then you will invest your money in bitcoins to become rich in future.

before you can do smart works, you need some hard works to it in order to learn it well and become good at it - once you find a good system, that is the perfect time to scale it and work smart.
1191  Economy / Trading Discussion / Re: I quit trading on: September 04, 2017, 10:55:07 AM
At least you experienced trading once in your life and also good to realize early that that its not your thing. We all have our own capability so we should capitalize in something instead of trading like buying and saving more bitcoins.
Correct some people are simply more talented in some activities and some people do not have a talent for something you just need to move on and try to find an activity in which you are good, if you are not a good trader then fine, maybe you are a great investor, or designer or programmer.

Make sense, as I really see that there are many people and some of them I personally known that no matter what they do to get some good results on a certain field, still they don't achieve it while others are doing it even in a less effort and having great successes with it.
1192  Economy / Gambling discussion / Re: the easiest way to make a profit from gambling? on: September 04, 2017, 10:49:03 AM
From gambling you can make profit only if you own them. In all other cases, it is almost impossible to make a profit, only sometimes it is possible to predict victory at sports betting.
Only if a person has some share or investment in casinos or owns a gambling website, then he can make a huge profit (assuming the owned business is a popular one). Other than that, gambling offers zero profits. At times you may win small amount but that can't be named as a profit.

When you invest to these online casinos that accept third party investors to their sites to add to their bankroll or their infrastructures, there is still no guarantee that we will be on a profit unless we just keep on investing because if we just invest once and some big sharks that will going to be luck and win big, you will be at a negative but if you invest more and consistently, you can catch up with your loses.
1193  Economy / Gambling discussion / Re: Can gambling be profitable in long term ? on: September 04, 2017, 10:38:49 AM
Sports betting can bring a constant profit, but you need to analyze a lot and there will not always be a guaranteed result. In addition, sometimes there may be problems with withdrawal of funds.

Problems of withdrawal of funds are almost non existent these days unless you play in the wrong casion. Sport betting is the only possibility which can bring anyone a profit in the long term but this is not guaranteed. In sport betting even odds of 1.10 can be lost a few times because if they were sure to be wins all the time, sport betting bookies would not exist.

Also texas holdem poker which is 75% skill and only 25% luck can bring you money if you are patient enough.

In short, there is really no guarantee in everything we do but that is taking risk - we may win or lose in the game of life - we just take risk and that is it. By the way, the only guarantee to happen is that we are all going to die someday Smiley
1194  Bitcoin / Bitcoin Discussion / Re: Is bitcoin transaction fees fair? on: September 04, 2017, 10:36:33 AM
the bitcoin transaction fees are not much expensive as compared to other forms of transactions. The main issue is the transaction fees are calculated on regard to the number of transaction regardless of its value and hence the fees might be high.



Yes, even we send a small amount of bitcoin then the fee is still the same but it is not a big deal because to save some bitcoin on paying fees then just transact or send bitcoin when it is a big amount of money but if the fees are more expensive than the usual money transfer system then just use the traditional way to save some bitcoin and also money.

We should only transact bitcoin when it is necessary - we can use fiat money for little errands and use bitcoin for big investment. That should always be the case. The good thing is that, while we are waiting for our bitcoins to grow even more before we cash it out, its value keeps on increasing as well with the recent bitcoin price rising.
1195  Economy / Gambling discussion / Re: Why is gambling so addicting? on: September 04, 2017, 10:30:35 AM
It's because gambling gives us chance to multiply our money in just one click depending on how much are we willing to risk. That's why a lot of people are addicted to it. Gambling can either be life changing or life wrecking depending on once luck. But, I think the odds of winning through gambling is too low, because winning in gambling is a goal.

It is not addictive but most people dont want to stop. Alot of people think that they are being addicted but in the end it is them that dont want to stop. Sometimes people dont really want to stop because they want to keep on getting money but they keep on making excuses that they cant stop playing

So, most likely it is greed that keeps them from coming back - they want to earn more and in the process, they tend to play regularly and get addicted to it. There is really no harm with gambling but too much of it and using money that you can't really afford to lose is the bad thing and will always be a bad thng.
1196  Economy / Gambling / Re: Investing in btc casinos on: September 04, 2017, 10:28:16 AM
Here is some experience of investors:

SatoshiDice scam, 500+ Bitcoins defrauded and disappeared!

Hence, select your site to invest wisely! Google "name + scam" can also help. Wink

It is quite hard to find out what people are going to do in the future. They may be good now but later for some reason they may close the site. The best option is don't put all your money in any one site but diversify your funds. If any one site close also you will not lose all your money. To find out whether the site is good or not this forum has got a lot of resources to find out no need to go to google particularly to check gambling sites trust.

We should practice diversification in our investing. This is our way to mitigate risk when one of out investment vehicles is going down. Just like an example with betking, when you are just replying all of your money, investment, and gain to their site, it was just a short-lived due to their closing - although they have given back all of the coins of their investors..
1197  Bitcoin / Bitcoin Discussion / Re: Why some people prefer Bitcoin over fiat ? on: September 04, 2017, 10:24:41 AM
As my observation serve me well,, I would say the reason is about "freedom",, a word that been associated with bitcoin since its creation date. Does it really matters to us?? Yes,, we do care about our identity for so many reasons and one of those is personal security of your own and your family.. In banks the information is readily available for the criminal minded bankers..
Well,  thank God he said some people and not even most people or all. It’s  just a few people in the world that are interested in bitcoin, I mean people  that are interested in tech stock(not everyone does that).

I like bitcoin, capital “YES” I do,  but not more than fiat,  because fiat us more useful and more important for everyday live.

Bitcoin can be best use for online transactions that accept bitcoin, investment to ICO, trading cryptocurrencies, gambling, investment to gambling companies, and the like while fiat money can be used in anything and can buy best thing in life offline Smiley
1198  Economy / Trading Discussion / Re: how to start trading with a very small amount on: September 04, 2017, 10:20:23 AM
If you are totally new in trading field and you have very small amount, then i will tell you first go for Investing and then after mastering it you can go for trading.

Because first you need to develop your trading skills by investment method which will takes some time and then you can go for trading as your invesment capital increases.  Grin Wink
I agree to that. It is better to go for investing first so you cannot lose the chance to earn money while you are studying about trading. Just buy bitcoin and hold it for the mean time and study trading also so you can have a chance to earn and also learn about trading and once you got some ideas about trading then just try it and even you will earn a small amount of money every time you trade then just keep doing it.
agree with u. Cheesy and for me. newbie should make fake buy and sell by using excel to calculator profit. then they can deposit some small money to play. never invest too much if u r newbie. because price up and down super crazy. newbie will panic sell

it is just hard for newbie traders to withstand the price volatility of some altcoins to trade. when they learn to master to stay calm and patient amidst the fast price changes, they are ready to start trading and check if trading is good for them or not.
1199  Economy / Trading Discussion / Re: How do you manage ur emotions? on: September 04, 2017, 10:14:51 AM
Well it is very difficult to do that, but you are able to do it if you can control your emotions while you are trading in the markets, that is acquired once you have the right knowledge and you had losses in the past.
at the beggining i loss so much, but you learn from that losses and you know that you are always gonna get profit  from every trade.
that is how it must be done
Emotions are hard to control it is present at all times but you can use emotions in much better or good applying of it.
Having a good analysis and prediction will limit your emotion and you will have a better results along with it.

Emotions is best use after you cash out your earnings Smiley
During your trade, gambing, or investing, you should not let emotions over power you and let facts, research, skills, and the like dictate what you are going to do with your investment strategy.
1200  Economy / Gambling discussion / Re: Dice game strategy? on: September 04, 2017, 10:10:25 AM
but some online casinos manupulate the games to cheat customers and its not new in this online casino industry
If online sites will be fair then how are they supposed to earn ? In this world, there are only two types of people; the ones that steal and the ones that are stolen from. Humans are more demonic than demons. Anyone who is an emotional fool will be used by those who only play with their minds.

A strategy should be enough versatile to tackle even a gambling site is not fair enough. I mean even after manipulation also a strategy must bring profits. I guess gamblers here are looking for that kind of one strategy.

Are you saying and stating that gambling sites are cheating and they are not playing fair? That is pretty bold of you to say and especially that you are campaigning for a gambling site!

They are not cheating for your information. People that lose a lot in casinos think casinos are cheating because they lost money there. But really, the truth is that casinos profit because of the house edge. The HE is also why gamblers lose more than the casino itself.

I agree. House edge is what makes casino profitable in the long run and gamblers are being informed about this and know this for a fact - it is not necessarily that casinos are cheating you when you lose but because of the house edge advantage.
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