Why not do a bit of day trading if you have time and feel like it? In my opinion, day trading can be an enjoyable/profitable way of spending your time. The only thing is it takes a bit of time before you find the most interesting coins to trade and have a proper feeling of all the relevant positions. In the past doing a bit of arbitrage between exchanges was a fun way to make a few bucks.
Well i think there are certain people who have the nose for day trading and there are people who would struggle with all the information and emotions daily. Try to find first whether you can handle daytrading, if not, invest and hold would be a good alternative Day trading is the most riskier in trading but it is also has a very good potential of high gain in a very short period of time. When we do a long term trading, it is a good idea to time the opening of your buy - make it sure that you buy on its lowest price as it can and hold. |
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Gambling in a smart way requires you to play on a safer side that is if you have made up your mind to take a risk, then it must be of a lower level. In other words, people should try to gamble against the gamblers and never against the casinos because if you have a bad day, then definitely it will end up losing a greater amount.
Always gamble looking for fun rather than money, I think that is the safest way to gamble since even if you lose you will only lose the amount you can afford to lose. Never be confident enough when you cannot really prove it, be realistic all the time as you are the one who knows your capability. I totally agree with you. To gamble in a safe manner always needs you to be more conscious about your skills and abilities. If you find yourself not much experienced in this, then do gambling for the sake of fun only because in this way, you bet only a little amount which would not make much difference even after a loss. Gambling should be played for fun and entertainment only and not for making profit - although there are really people that are making good fortune with money, most or majority are really losing due to house edge advantage. |
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Trading is unpredictable profit. Because sometimes, i have big profits are also small, even had experienced a big lose when still beginner in trading. However, bitcoin has become one of the ways i make money apart from working.
There are really very skillful traders out there that are good at predicting the price direction backed by their market research and technical analysis. Although they are not always winning because there are times that they also have some losing trades.. |
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Find some new one that can you would be also addicted but there's nothimg involed any money. Lile just find a game that you will be addicted of find some things that can you addicted hehehe
Addiction is something that becomes a problem for every gambler. If you are not gambling just for the sake of fun, then gambling becomes your second nature and poses a serious threat to your future. If you are enamored of gambling, then the only way to get out of this problem is to shift your interest to some other useful activities rather than wasting both your time and money in this risky act. that is why we need to control ourselves and view gambling as for fun using bankroll that we can afford to lose and try not to gamble regularly every single of the need in order not to get hooked and addicted to it. |
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On my view you have to start immediately without waiting do not a fried form any loss if you waiting for long time many thing can pass through this is market, loss/winning almost together
Yep! Waiting without any specific logic often leads to losses. The way crypto market is becoming popular, it is good to step into this world as soon as possible. But for that you need some capital, in order to start earning with little money you need to do mining, participation in signature campaigns etc. I think mining is not really a good idea to venture at this time unless we have very big capital for the mining technology and infrastructure, we cant be able to compete with big miners that have invested millions for rig, technology, and infrastructure. |
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In my opinion, some people get addicted to gambling due to greed. If they win some money they keep coming back for more wich is pretty dangerous because it leads to addiction. A true gambler know how to control himself and always wait for the right moment to gamble.
greed is one of the many factors that lead to gambling addictions. greed really comes from our emotions and desire that is why it is really highly recommended that we master to control our emotions so that we will not end up doing rage bet and eventually loses. |
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Gambling can not be profitable in the short or long term. They can only lead to a loss of funds if you try to earn or receive pleasure if you look at them as entertainment.
I agree and I think gambling should be kept as a mode of entertainment and not the mode of earning money. Thus the players would not play in a serious manner and thus their losses will be minimum. If one thinks of gambling to be a mode of making money then they will get addicted to it and as soon as they lose some money they will try to win it back and thus they will continue to gamble. Nobody is okay with losing his capital even in entertainment. I bet you can't also. In gambling either one is serious or ignorant, victory and defeat is just a matter of luck in fact and frequent loss is not welcomed by anyone. As far as its addiction is concerned, if someone keeps on doing something, that becomes his habit in no time and habits are difficult to push off certainly. I think you are getting it all wrong - there cannot be any investment in an entertainment. If you are going to get entertained then there is a fees required. That is not an investment and you will not be getting it back in any form with or without interest. Gambling should be kept to a mode of entertainment and not as mode to earn money - that is all I was saying. As far as I know we can invest in an entertainment - this time not a player but an investor with the casinos. There are also other forms of entertainment where we can invest to it as well - some bars, clubs, and the like. That is a totally different thing and investing in a casino bankroll is profitable in the long run surely. It is a long term investment even though the return is small if you dont have a huge money to invest in. However gambling itself is not at all profitable for the players - thus it is profitable for the casino investors. The players who are addicted will keep on playing and thus the investors keep on gaining profits. Yeah, said truly! Everyone knows that gambling is pure luck and cannot produce long term profits. Most of the gamblers end up coming up against defeat. Also in this process they lose all of their wealth. On the other hand, investing in casinos will definitely give investor long term profits because the gamblers become addicted and the business keeps on growing. Just want to point out that not all gamblers ended up losing everything - of course there are some sharks that are really good gamblers. Not to mention games that involve skills like poker is an example of game that does not 100% rely on pure luck. |
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If Bitcoin goes up like this, then I don't think that anyone would prefer gold over BTC. I first invested in BTC five years ago. Although the initial amount was small, so far Bitcoin has given me close to 15,000% returns. My only regret is that I sold a large number of coins, when the price was around $220 per coin (in 2015, when I had some financial difficulties).
Same here but really big amount of coins that I have sold but the greater amount was due to gambling. I did not value more bitcoin before because I was just really playing for fun and to me, bitcoin has not that much of value until its price rising... |
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The way fees are dominated are on the progressive method depending on your transaction side, with the current bitcoin bump, I have to admit the fees are getting more and more, but in the same way that's just for the network and demand for places in block to decide, I guess.
For now i dont care for the high fees services as long as bitcoins transactions is faster and reliable. I would gladly pay higher if i could receive my bitcoins in just 1 day not within 3 days. When transaction fees are really hindrance in using bitcoin, might as well use the fiat money instead of bitcoin and only use bitcoin for investing, trading, or gambling where you make a pre-planned amount of bankroll or investment to transact. |
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Trading is my favorite and although gambling seems more profitable but it isn't, even if you make 0.01% trading, it usually much more consistent than gambling which is just throwing a dice and can be profitable but can lead to losses of invested money capital.
when we very skillful trader where we have the skill to analyze the chart and current events, we are more likely to have many winning trades versus losing trades. It doesn;t follow though that we are going to lose - we lose some, we win some. |
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I know that trading is half gamble and half good predictions. It is not about the predictability of bitcoins make you lost money but your emotion does that. We can say that bitcoins price movement varies on many factors such as fork or anything else. This factor is visible so it means it can help you to predict the right way. But as emotions checked in you there's no way that you win.
Therefore, it is essential to learn to master and control your emotions when it comes to trading - actually, that just in trading but in investing in general. Emotions drive the high and low of prices even in stock market. That is why those who are in full control of their emotions and have solid pre-planned trading wins. |
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If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
For now bitcoin is far superior to gold, although investments in bitcoin have enormous risks but bitcoin values are far more valuable than gold. If we look at the bitcoin price movements in this month its value continues to increase, even in my opinion bitcoin value in this month the price can reach $ 4000, by looking at the price like that I prefer to invest in bitcoin than gold this year. There are even some predictions that bitcoin's price will go as far as $10,000 - if that happened, patient ordinary guys will become rich in few years from now if it just keep in holding their bitcoins. |
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Its always important to remember the fact of gambling its only for diversion and the trading its to make profit. There is some peoples wich lives with gambling but they are the exception.
I beg to disagree, people bet to make profit and not as diversion. Both of them are in the business of making money, whether its gambling or trading. There are also at risk. So you have to choose which is more adaptable to you. I would choose trading because the returns for it is very good and the risk can be mitigated. Unlike in gambling that once you bet, consider it a lost already. While in trading, if you think that the market will not move or probably go down then you will not risk to trade today but rather wait for several days before making any moved that will give you a good yields. Timing is important but in gambling you need to be extremely very lucky just to won a little. Hmm, you got your point there. Now, if your risk appetite is quite high, you can venture on gambling because the more risk, the more changes of gaining big. At the end of the day, it really depends on the individuals preference. |
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I would prefer to invest. Or just keep bitcoin, when the price goes up, I get a pretty big profit. Gambling is interesting but too risky for me. There is always a risk of losing everything that I have.
Better to invest or just keep our bitcoins. If you want to gamble just take a pinch from your total holdings because it's not even worth it for anyone to gamble with their investments. And if you think that you will be growing with good career in gambling take it easy before deciding as investing is always recommended. You are wrong because gambling isn't an investment if you wanted to play it only becomes investment if you contribute in gamblings site or with the owner's capital. There is a good career in gambling if youbare in right mind through earning by making a gambling site and to invest but to take part and be one of the gamblers isn't a good carrer though. I don't see anything wrong with batang_bitcoin reply what he was actually saying was better invest than gamble and if we really want to gamble, just take some pinch of our money and that is it. Try to read the whole sentence and understand first before commenting. |
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Because bitcoin is ideal as an investment than a currency for day to day transactions nowadays because of the high transaction fees. If you use it for day to day transaction and buy some item of small value, the transaction fee is high that it would be better to pay it with fiat instead of bitcoin because of that reason. There are still so many people in the world who doesn't know about the existence of crypto currencies so it would be hard to use it as a currency when they don't even know about it and it would be hard for those people to access it if they don't have an internet and worse is some don't even have an electricity so it would not be possible for them to use it.
Make sense about the transaction fee. Therefore we should only use bitcoin for potential investment and grow of our coins and not on just any ordinary and small purchases of any goods or services online and better use fiat for the latter. |
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It's profitable only if you invest a lot of money in it otherwise would be waste of time and money
You do not need a lot because a decent amount is already a good start when choosing to invest in a casino. We already know it's profitable so we also have that patience because it needs time to increase our investment, it's not an overnight success. I will also agree with you about the gambling sites. Though there is a great risk on gambling sites, the chances of profit are also bigger. We can get rich within short time. Gambling mostly depends on luck. You don’t need specific strategies to win on gambling sites. All you need is to pray for your good luck. There is a qualifying statement about getting rich quickly when in terms of investing to online casinos that accept third party investors like us. We can get rich litteraly if we invest very big amount of money as a little house profit means a big gain for you when you invested big - but the risk is getting higher though. You also risking your huge amount if you're investing a huge amount in any casino bankrolls because this is high risk and reward investment. Like how you can make profit similarly you may also lose very big amount if someone wins a big amount. If you're ready to take that risk then better diversify your funds instead of keeping all your funds in any single casino bankroll to reduce your losses. Right. The only rule in such kind of investment is to not put all eggs in the same basket. If the amount of planned investment is big better to share it between some casinos, this way is going to be more safe. Diversification is really important when it comes to investing. we shall not put all of our money in just one investment vehicle to safeguard our money by having some fall back in case one of the investment vehicle is going down. |
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I don't think bitcoin can make bank disappear. Because there are some things that bitcoin can't do, but bank can.
Also i don't know why but some people might think that bank service is easier than bitcoin. Also, bank is more universal than bitcoin. Bitcoin is still unknown for many people, especially for those who don't understand technology.
I myself don't want bank to disappear, although i love bitcoin as well.
banks and bitcoin can go hand in hand together and not necessarily make the other one disappear. We can just use the bank for our day to day offline transactions while bitcoin for online and other transactions that need some anonymity. |
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I don't know man every time I play dice or any game that you can lose fast or win fast just with a few clicks I can feel my heart tapping on my throat
loool, how about you?
That has never happened to me for the simple reason that I avoid making bets that big that would make me nervous so I prefer to bet small, it is not as fun but it is way safer and that way if I lose I do not have any regrets about it. gambling with money we can afford to lose and just for fun and entertainment is the way to go with gambling. We should not gamble with money we cannot afford to lose otherwise, we will get disappointed and frustrated. |
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I am less interested in gold is slow movement. I hold gold though not in large quantities, and have sold half with a loss condition. And when investing in bitcoin, really feel a satisfactory advantage, i am amazed to see value investing in bitcoin when i am idly trying to convert on fiat. Very fantastic.
bitcoin is somewhat a short term investing and have a potential of big profit while gold is a long term investment. gold is quite good to partner with bitcoin - they are both best investment to have. |
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Trading is the best method to earn more bitcoins in short term comparatively gambling is too risky and there is always an fear of loosing money in it as only luck will decide your end result and that makes gambling very risky form of making money.
But in trading you should have good money management and skills to survive under different market conditions.So it is more risky than gambling if you dont know what you are doing. Yes, in trading we need to learn basics before jumping into it or just buy some good coins and hold it until prices go up. Because if people want to make a profit on a daily basis then they need to be experts but if you want to be an investor then study the coins before purchasing and wait for prices to go up to sell. Trading is a safer way to make money than gambling. that's right mate learning the fundamentals and how the market works will be an advantage between trading and gambling since even you have a lots of knowledge but luck wont come beside you chances still big to lose your money inside gambling while in trading time is the basis if you have a lots of patience to wait then you are good to go. with trading, there are lots of factors to consider: we need to be patient, control our emotions, pre-planned trading strategies, and the like. unlike in gambling, where most of the games are from a pure luck, trading is much more having of control by us versus gambling. |
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