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Bitcoin casinos have taken online gambling to a whole new level, not only because they offer gamblers the advantage to play anonymously but also, because anyone anywhere in the world can gamble on bitcoin casinos bypassing any country’s regulations. Bitcoin unlike Federal Reserve’s introduces the concept of virtual currency which is based on a mathematical formula. This is the rise of a decentralized, safe gambling environment. This is so because anyone can access the software and convert the Bitcoins. The online gambling industry is experiencing a revolution that is overly favorable to the gambler. The Bitcoin unlike most systems does not require one to fill an authentic record of information but instead offers pseudo accounts where gamblers have no physical links pointing to them. The technology allows for a single user to hold as many accounts as they please with varying addresses.
This is great, and a lot of it is true, but one part I didn't like: "The online gambling industry is experiencing a revolution that is overly favorable to the gambler" I'd dispute this. Casinos and sites are still raking in the money and all the games are still very much so skewed in favour of the house. It's become a lot easier for gamblers to start gambling and sustain it in the era of bitcoin, but let's not forget all of that money ends up in the pockets of the sites. |
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As you said you need good knowledge, however this isn't too hard. Just find the sport you know most about right now(however little that is) and watch like a whole season, or a whole bunch of games and tournaments(this obviously depends on the sport). Once you've watched enough you'll get a feel for who is good against who and bad against who. After that you're set, but this may take a while. It's all about just sitting and observing for a while.
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Because they want to back money they lost, when they got it back they gamble it again cuz ofc they want more
This is true, but they also get addicted when they win, since you always want to win more. The addiction has nothing to do with winning or losing, it's all to do with the rush and thrill when you first place that bet. Regardless of the outcome, you're subconsciously chasing that "thrill." |
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Only I want to add that "to make a particular amount of money" with gambling is impossible so when this thought comes to your head you should know that you are probably making the wrong plans which might be the reason you lost all you have. So if you want "to make a particular amount of money" you better not even start.
This is very true, this kinda of mentality can be harmful. Go into it expecting to lose a little and just have fun, that way you'll never get suckered into chasing wins all the time. |
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As others have said, no one is going to share this kind of thing with you for free. If you look in the right places maybe someone will take money in exchange for a "safe method" of earning coins somewhere, but again you're probably going to get scammed here.
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I often prefer the reasonable expectations of trading vs the total randomness of gambling. For example is reasonable to expect that ETC (Ethereum Classic) goes higher than current price since it looks it bottomed, so invest some there. This is better than randomly gambling money in casinos even tho that ca be fun too.
I agree, at least with trading there is some semblance of logic to it, rather than the entire system being rigged against you so you always lose and it's just down to pure luck with often very little skill. |
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I don't gamble at work. It is very unprofessional in my opinion to engage in gambling activities during your work hours.
I do however browse internet when I don't have urgent work (who doesn't do that?) and unfortunately I sometimes got distracted by bitcointalk among other sites.
Exactly... gambling while on the office is so unprofessional and if I did that, and got caught, I'll be ashamed of what i've done... We are paid when we are in the office to perform our duty... Yeah, me too, when I am at work I am allowed to use internet and most of the time I am here in the forum and reading during break times and when I am sending email. A lot of people do that kind of thing when they have completed all their work but are still in the office and need to stay there, so they can "pretend" to be working even though they've already done their work. I know it sounds a little unethical, but it was just an example to show that people getting distracted at work isn't always just them slacking off; sometimes precisely the opposite. |
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It's hard to quit on gambling especially if you are having fun mate!
But then if you really want to do so then better discipline yourself,avoid playing and put yourself into something different that will make you happy..
i believe once you started gambling it very hard to Quit. The only way to quit gambling is that you are finished up with your bitcoins on losing in gambling.  Some people aren't even this unlucky, they sell their possessions to buy more coins, to gamble with, and end up with nothing. It's really sad. The only way to quit if you're truly addicted is to seek professional help. |
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Until making a btc transaction becomes as fast and easy as swiping a debit/credit card at a point of sale, there is absolutely no motivation for customers to switch currencies. The infrastructure is already there; why reinvent the wheel? I agree btc is the more efficient choice, but unfortunately, it has a lot of usability issues to sort before it's ready for the prime time.
That's it, it's almost like a vicious cycle. Customers won't take up bitcoins until the infrastructure is there in shops etcetera and it becomes convenient, but businesses won't start accepting them until more people are willing to spend them. |
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I don't really understand how you could ban bitcoin. Is it feasible practically? Surely it would be quite simple to hide your bitcoin transactions using mixers, VPNs/Tor etc?
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that's dumb statement, bitcoin is a currency and currency can be used for anything if the user want,just like people do use dollar to buy drugs or anything illegal? its the same like when you use btc,and about money laundering, its possible to be done through any currency
Thanks for saying this, it's a really important point that a lot of people both in this forum and in the wider world need to understand. I can use dollars to do illegal shit, just as I can use bitcoin, in fact I'm probably more likely to use dollars in person as cash is LESS traceable than coins(without using mixers). |
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I answered "buying drugs," partly because it definitely most certainly isn't true, and partly because the anonymous, decentralized nature of bitcoin as a currency is what drew me to it.
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The two companies I was going to mention, scan.co.uk and Steam, have both already been mentioned so I'm out of luck here  Private Internet Access, another one of the better VPNs, accepts bitcoin, as do some CeX(used video game and tech shops in UK) stores. Quite a lot of small UK-based online stores take it too. |
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No, China doesn’t control bitcoin, no one controls bitcoin. Because the number of Chinese who are using bitcoin is too high and the fact that China has many mining companies and biggest mining power, everything they do would surely affect the price of bitcoin but that doesn’t mean they own all the bitcoin and have a right to put a stop to it anytime they want.
Of course they don't have complete control, no one does, but they have a LOT of influence over bitcoin due to their mining power. Them being able to affect prices so drastically already gives them more control than we users have, no one is saying they literally control the idea but since they have more of a hold on it than any other institution or company, it's fair to say they control it. |
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what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.
I dont trust banks that much, i dont think id keep my bitcoina in a bank even if it became a thing. There were a few hacking before with the recent one and Ive lost the trust, because i know in safer if i keep my money on an offline wallet I agree, some banks already have issues when they run out of money and cannot give customers their money back(this happened in Iceland a few years ago IIRC) and in general most people trust themselves more to keep their own keys safe. Just like we don't trust online wallets, we shouldn't trust banks. Centralization goes against bitcoin's nature. |
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First off, bitcoins are basically money, no one is going to give you a lot of free money for absolutely nothing in return. Don't expect that.
Secondly, there are a few ways you can make some money. Faucets are half decent for learning the system of how bitcoin and transactions etc work, but you'll get practically no money from this, so be wary.
Trading is good but requires knowledge and is always risky. Similar for investments, like investing in gambling sites, but maybe a bit more secure than trading if you go with the right one.
Sig campaigns are a great way to start,. build a forum rank and then away you go.
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I reckon it's either they don't trust the stability of bitcoin pricing(we all know it can be up and down sometimes) and don't want customers to have a bad experience because of it(imagine a product's price changing depending on when in the day you buy it) or they just don't think it's worth it right now. That second one is fair enough, it might not be worth the time and money investment for them.
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the big corporations that have a different field that has nothing to do with bitcoin will not be interested in it unless it becomes famous worldwide so they come in too.
but those corporations that are somehow related to financial things, are always interested in bitcoin and many of them have already invested in bitcoin.
This seems about right. Financial institutions etc are taking an interest as they should(bitcoin directly affects their business in a lot of cases) but for other big companies outside of this it'll only become a concern once bitcoin becomes a worldwide mainstay of commerce or business. Apple for example won't be interested in bitcoin clients/tech for their devices until it becomes big, like they didn't really care about credit cards until they got big and then they did Apple Pay. |
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It actually feels bad because you see your total BTC amount go down. What feels great and its an instant dopamine rush is seeing the notification message of "incoming funds" and see your total BTC go up. I love that  I can agree with this, it's great to see you're getting some money, but so bad to see you're losing it! That's until you get whatever you bought with those coins you sent, then it's OK  |
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BTC went from it's decentralized core to a quasi centralized exchange mechanism in about 4 seconds flat.
This is what people need to remember, that although lots of centralized infrastructure exists for bitcoin now, it's strength is in it's decentralized nature. Holding your own coins is always going to be more trustworthy than keeping them in an exchange/online wallet, for example. |
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