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361  Bitcoin / Bitcoin Discussion / Re: Is BTC the new gold ? on: January 21, 2018, 07:25:29 AM
I Think that, bitcoin is more profitable than gold. on the off chance that anybody say to pick bitcoin or gold I like to purchase bitcoin. be that as it may, I figure it would be benefit in the event that you contribute your cash to purchase bitcoin, contrasted with purchasing gold would be speedier purchase bitcoin for incentive to the benefit. presently a day Bitcoin is more mainstream and significant than Gold.

I agree with you mate. I like the way you put your words - reads like a pleading of a lawyer. Anyway, I agree with you that investing with bitcoin at the moment is more profitable than gold when we are talking of investing in short-term.
362  Bitcoin / Bitcoin Discussion / Re: Will bitcoin replace gold? on: January 21, 2018, 07:07:18 AM
I dont think so. In the end game Gold is still a precious metal and a beautiful thing in the eyes of a person. Bitcoin is a different story as it is a very good way to make transactions so as for the better currency the bitcoin would be best of two as for my opinion.
Of course no.aybe bitcoin has a high value than gold this time but it cant still replaced it they are different to each other and they have different characteristic as well. Bitcoin was digital only and not all people accept it even though you introduced it to them. Bitcoin will remain forever since then. Bitcoin cant replace gold even fiat to be honest.
Well if we speak about the physical appearance bitcoin cannot really replace gold but if we speak about the price maybe the biycoin can asurpass the gold and bitcoin really also defeated gold in terms of investing process because the gold is always on a high price which is really risky for investment while bitcoin is really good on investment because we can really buy it sometimes furing the price drop.

with bitcoin, we can easily profit in a very short period of time especially if you are skillful enough to buy at low price when there is a decrease of bitcoin price due to bad news against bitcoin and sell when people gets greedy. In short, when you buy low and sell high and buy when people are scared and sell when they are greedy.
363  Bitcoin / Bitcoin Discussion / Re: Is Buying and Holding the only way? on: January 21, 2018, 06:57:02 AM
In my opinion, there is no point right now in investing in only one mining rig. It looks like investing directly in cryptocurrencies is the most profitable option right now. I wouldn't recommend you trading because it is quite easy to lose your money in a couple of days. If I were you I would invest in Bitcoin and Ethereum. Other people prefer to buy new altcoins which have high chances to become more expensive in the future. However, it is not easy to find a project which may succeed.

I don't think so because I have many friends that are mining certain altcoins and are just doing great. I am now heavy at trading and is seriously considering to invest in my first mining rig in next month or couple of months from now.
364  Other / Off-topic / Re: What are some disadvantages of BTC? on: January 21, 2018, 06:54:02 AM
there are many disadvantages of bitcoin one of that is it can be hacked and it system may get down and we are not sure about it's price if it is still good in the market place.

I really don't know but so far, there is really no incentives in hacking bitcoin because everything, all of the bitcoin transactions are recorded in ledger, and if there is a serious effort in tracking it, it can be tracked. I don't also hear that bitcoin is hacked but there are many cases of hacking to sites that handle bitcoin like recently the nicehash but no case really of hacking to bitcoin core itself.
365  Bitcoin / Bitcoin Discussion / Re: Why some people prefer Bitcoin over fiat ? on: January 21, 2018, 06:49:04 AM
Bitcoin transactions are anonymous and there is no third party that can, in any way manipulate with your transaction.Also, the transactions are not limited in your locality because you would not need to hand your money over.

That is the really the good side of bitcoin. It is not like fiat money where when you deposit your money to the bank, it is under its regulations and it feels like your money is handed over to the other person, which is in fact what happened. With bitcoin, you are your bank once you have deposited your coins to your local wallet.
366  Bitcoin / Bitcoin Discussion / Re: What Are Your Greatest Fears As a Bitcoin Holder? on: January 21, 2018, 06:46:27 AM
As a bitcoin holder,  my biggest fear is phising sites and hackers. With these threats one person can loose all of his savings and investments in one go. Some of my friends have been a victim lately. So this what i am worried for.

That is why we must treat our bitcoin as like more than gold because it has a premium value and we should do all necessary efforts to secure it at all cost. When you visit to any website, make it sure that they are trusted sites and double check always if you are in a secure connection and don't give any information you have especially your wallet private key.
367  Bitcoin / Bitcoin Discussion / Re: Bitcoin Are Now Used in Crimes on: January 21, 2018, 06:43:53 AM
Yes, i agree. Many people had been using bitcoins for some illegal transaction, but we never really know who or where but there is no need to worry about many people are still using bitcoin for good purposes, after all bitcoin is a free user for all, everyone has the right to do what they want with it and maybe that is why in some other countries government bans bitcoins because they know on themselves that some part of bitcoin is used for crimes and illegal transactions but some, nah.

You are right mate that there is a sort of freedom using bitcoin. Once you have your coin, you are free to use it to whatever you like and that is good because we are finally free to do what we want with our coin. Regarding criminality, that is normal, even with fiat money, there is more rampant illegal transactions happening with it in every country.
368  Economy / Speculation / Re: Reasons Why Bitcoin Price Drops on: January 21, 2018, 06:39:16 AM
I would like to know your opinion on what factors cause the value of Bitcoin to drop. A brief explanation helps.
The value is mainly dependent on the law of supply and demand. When there is high demand the value rises, whike on the contrary when the demand decrease the value dump. Bitcoin will continue to rise simply because the supply is becoming limited. There are people who attempt to decrease the value of bitcoin by making people panic through making fake news. There were also rich people who tried to manipulate it but they cant have the full control. Bitcoin is gaining popularity that is why more and more people come to know it.

You are definitely correct mate! I agree with you 100%. I also believe that news that attacking bitcoin are just made up so that the price will go down and people that have plenty of money to invest start to buy bitcoin like feeding frenzy and when the panic finally settles, they emerge victoriously and the previous holders sold their coin in panic is blaming and asking themselves why they sold their coins.
369  Economy / Gambling discussion / Re: Gambling addiction. on: January 21, 2018, 06:36:23 AM
seeing the win of others, people hope to win the same. that is the reason for addiction
And after experiencing how to win they might think its easy to earn money so they will do it again or another scenario is they lose their money and want to get it back by trying to gamble again.

Even you want to overcome the addiction its not easy as others think it would be, sometimes you need to seek professional help to get over gambling.

When you have put an effort to avoid become an addict by try to be responsible no matter you lost a lot and just happy with the game itself, I believe nothing should be worried about. The problem with most people are when they do gamble like a mad expecting to get some money easily without a hardwork.

I agree and mostly with these kind of people, they are so easily affected emotionally when they gamble and that is the reason why they engage to rage betting when they suffer some losing bets hoping to recover but eventually get losing more than they can afford to lose.
370  Economy / Trading Discussion / Re: how to start trading with a very small amount on: January 21, 2018, 06:33:11 AM
I think that if you have time to watch the coinmarket , you have to choose a good coin first  then learn things like Stop loss, some charts, control emotions... ...if you dont have time, you should hold coins instead of  trading

I believe so because since the author is asking how to stat trading with a very small amount. Actually since bitcoin has already reached its close to highest potential value, its price is now high and so, to be able to earn an amount that can afford to buy bitcoin, better invest to altcoins first or get involved to selling goods which accepts bitcoins as payment.

The patience is the most important key of start trading with very small amounts of money. If your capital is not large enough, this can make you stressed out and you might not be able to manage your trading in the best way.

Pay attention to this first.

This is true. Pay attention to it and most especially to your emotions. Pay close attention to your emotion and master it to become tougher while practicing to trade with the small amount of bankroll. When you get the hang of it and master everything and having your very own strategy that you are comfortable playing with, you can go and trade with a larger amount of bankroll.
371  Economy / Gambling discussion / Re: Why is gambling so addicting? on: January 21, 2018, 06:30:41 AM
Gambling is addicting because people don't know how to do it. That is literally the only reason. If people knew what gambling was, on a deeper level, they would never get addicted.

It's all mathematics. Seriously. When you bet, your expected return is always negative. Therefore even when you win, you still lose. Because literally every bet is a loss mathematically speaking.

Not all the time though because there are times that you get lucky and you will win big but that is rare especially when you are playing in the game based on pure luck. I would rather play for fun and entertainment than for profit.

If you really want to make it as a profession and is aiming for profit, go to poker and sports betting - equip yourself with the right knowledge, skills, and attitude to win and potentially achieve your goal to profit.
372  Economy / Gambling discussion / Re: What keeps you coming back??? on: January 21, 2018, 06:26:45 AM
My loses keeps coming back to gambling, I already lose so much money  on gambling and the only way to not coming back is by winning back all my loses and when it happen I will leave gambling for sure but you know it's really hard to do, I even lose more on gambling
Until you will be recognizing what you are doing, I am afraid you will never stop gambling by coming back among your losses. You must come out of your hallucination of making money from gambling. If you think you are living in a real world of easy money making opportunities then probably until the end of your life you will never find any improvement in your lifestyle. Better make a difference before it will be too late for any change.

You will have 100s of reasons for coming back to gambling. But realizing the true is the only thing that will stop you from keep going into gambling.

I could not agree more with you mate. Gambling, especially to games that are based on pure luck, has more chances that you will be going to lose than winning. That is really the sad part because in gambling that is based on pure luck, there is what we so-called house edge advantage.

But there is really nothing wrong with gambling at all if you are just playing for fun and entertainment with the money that you can afford to lose.
373  Economy / Gambling discussion / Re: To Gamble or To Invest? on: January 21, 2018, 06:23:57 AM
I would think you could gambling if you can take the risks from it. I got heartattacks sometimes when i'm gambling because the game was so close .Investing is the way smarter and slower profits.

Gambling has the potential of big profit but is too risky - the risk is so high that you have more chances of losing than winning. However, investing in investment vehicles that are credible and has good potential can still be profitable but takes some time because there is a process that should be taken before you can get good profit.
374  Bitcoin / Bitcoin Discussion / Re: Is bitcoin transaction fees fair? on: January 21, 2018, 06:18:20 AM
Everyone wanted to get a higher price but bitcoin price is sometimes get lower and also there's a time that the bitcoin price is higher. In my own opinion, bitcoin transaction fees is unfair. I say this because I experienced unfair transaction fees in a way that when the payment is ready to release, thr bitcoin price become lower. As you can see, bitcoin price is always changing, the higher the value, the higher the miners get money and the lower the value, the lower miners get money.

I think (but I am not really sure about it), that the slow transaction is the reason why bitcoin fee is getting higher - because people want faster transactions and in so doing, they prefer to transact with higher fee and miners on the other hand would certainly go after higher fees.

So once, developers will sort out the speed of bitcoin transactions  - like in 1 second it can accommodate millions of bitcoin transactions, the fees will surely get lower. I think miners are just there no matter what the price and they are not controlling the market or the bitcoin transaction fees.
375  Other / Off-topic / Re: What wallets do you use? on: January 21, 2018, 06:04:09 AM
Now I am using electrum. Because I don't believe  online wallet. Online wallet can be hacked any time. Though blockchain.info is also a good choice. But I am going to suggest you, to use desktop wallet electrum.bitcoincore,simple bitcoin. but I love electrum.

I second demotion with you mate - electrum is better because you will have or you will really feel that you are in full control of your money versus using wallets from exchanges. The latter feels like you are depositing your bitcoin to banks if in fiat money situation.

Although there were some issues announced previous weeks ago about electrum it was solved easily and I don't hear or read any problem by individual affected by the issue.
376  Economy / Gambling discussion / Re: Can gambling be profitable in long term ? on: January 21, 2018, 05:57:19 AM
If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?

Gambling is not profitable in long term.you can't have the assurance to have a profit everyday. Gambling is just for fun, but other gamblers make it as a daily income but they only hope if they win the game. They only  expect wether they win or lose. Gambling is not for a long term profit. Gamblers used to  gambling for them to relax only to enjoy their day but some are gambling is their habbit already.

 I believe sports betting if you carefully plan around the football season and make the right team selection and games you can win little by little and turn in profit at the end of the season if you are patient because your wins will outweigh your losses and with a fixed bankroll you can make it profitable. Statistics shows that all the top 4 teams in the  top 4 European leagues twin more than 60% of their games every season and so if you decide to bet on their games you can win in the long run even though there might be upsets along the way.

That is a sound plan. All it really basically need is your ton of patience and emotional stability. Most of the losers are the ones that are easily affected with the outcome of their bets and makes them re-route to their original plan. The key is, we should stick to our plan of betting no matter what and it will help minimizing the emotional side of betting.
377  Economy / Speculation / Re: What do you think ? Bitcoin is going to hit big value soon like 7000$ and more ? on: January 21, 2018, 05:40:27 AM
Well sure it will increase for sure.it can touch 7000$ and i heard in December the price would be 1000$ or plus.i am not a prediction but i believe it could be happen since the price is increasing and not dropping

at time I am writing this reply, the bitcoin price is $16,760.90.. It has also a bright future and I believe will still going to go higher because of the fact that bitcoin is a scars resource - it can only be up to 21 million bitcoins in total.
The total number of Bitcoins in the market is limited to 21 million units. How could it be more than 21 million? I do not understand what you mean, and you have to add the lost Bitcoins to the account.


Who says it could be more than 21 million bitcoin? I don't say that for sure. Check my reply once again and try to comprehend more - what I was trying to point out was that bitcoin has a bright future and its price, from $16,760.90 from the time of that writing, will go even higher due to the fact that it is a scarce resource and I specifically said that the reason why it is a scarce resource is because it can only be up to 21 million bitcoins.
378  Economy / Speculation / Re: how to predict bitcoin price increase or decrease? on: January 21, 2018, 05:32:30 AM
I don't think that anybody can exactly make the prediction. Anything can happen next in crypto world and i think its value is controlled by the demand and supply of it. If the demand is high and the supply is less then its price increases.

I agree that it is not easy to predict the overall future of crypto but we can actually predict the little things about it like when there is something bad news about the certain altcoin or to bitcoin, the price will surely decrease and when everything settles, the price will go back high again. Also when there are good news or announcement of about the coin, prices will spike and then settles.

With the low and high of prices, we can capitalize on it and take advantage to profit when we buy at low and sell high.
379  Economy / Trading Discussion / Re: Convert your BTC to LTC/ETH ASAP on: January 21, 2018, 05:22:28 AM
Every thing everywhere is jammed right now. Ethereum transactions are also backed up as well as Bitcoin ones so unless something happens fast to scale both blockchains I don't know how we are going to cope with a new influx of capital coming in unless people start using other blockchains like Stratis, Ardor and Neo and Eos and of course Stellar. I hope something happens soon for all our sanity. Ethereum peeps have to also do something fast. Bitcoin price is also declining gradually which isn't very nice.

The issue of the low transaction due to the influx of many newcomers and investment to bitcoin is a serious problem which I firmly believe the developers of each cryptocurrency (that to include bitcoin), are doing all of their best to remedy this. This is not a small issue that can just be put aside and soon everything will be well.
380  Bitcoin / Bitcoin Discussion / Re: Bitcoin saved my year on: January 21, 2018, 05:17:10 AM
I started 2017 broke and with a very low wage. My girlfriend also broke up with me in the beginning of the year.
Although I had committed some trade mistakes I was able to get 400% gains, thanks to btc.  This gave me hope and made my year a lot better.
I wonder how many people bitcoin "saved" this year, even preventing some suicides maybe.

congrats for the achievement you've done last year. will for me i've started also middle of the year 2017. i will say that its not my lucky year because when i was  started here im not focusing too much on it because of luck of connection. and that year also my wallet key was stollen as will us the token payed for my hard work, so sad to think, but  although it was happen,  i didnt loose hope that for the coming year their will be a wonderfull profit come. and like you someday btc will save my financial needs.

To maximize your potential earnings, try to check other altcoins and invest with the trading knowledge and skills to yourself - your chances of having more bitcoins will be multiple times if you are good at trading cryptocurrencies - buy when altcoins price is low and sell when it gets high - profit will be back to bitcoins.

Final word, secure your wallet private key at all cost.
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