Best Recent Content

  • Martengale Script Bot for botfreebitco.in Multiply BTC hi/lo game

    thank u very much fr the reply..honoured..
    yep i lost all the btc(i invested 5 btc & lost all)....i hate this script..

    hwe u gt any decent simple script which works long run..
    You don't. That's why it's called gambling. (5 btc...wow, sorry to hear) When luck runs out, so does the bankroll. There is no magical way to make money gambling btw, it's all based on luck. Doesn't matter it's a high/low game...or playing cards...or roulette...or slot machines. All gambling is based on odds against the player always winning hence the reason casino's make a lot of money when they are run properly.

    For making BitCoins. That is a different process entirely. The only way to make a bitcoin is through mining bitcoins either on your computer, phone or ASIC miners then using community mining pools to collectively mine faster and share in the profits.

    In terms of investing 5 BTC, rather than gambling it. If I told you that with 5 BTC you could have made 10 btc in year if you reinvested it into BitCoin mining equipment to mine for more coins. I know it's not nearly as much fun as gambling, but if you manage the technology right and reinvest your BTC you mine. You could in theory make a living from it depending on your cost of living.

    A user on here by the name of Dee007 has done it and she's got her story written down on her experience as a new BitCoin miner. Just look her up on here. She's pretty clear on the steps she needed to get there to earn a living mining BTC.
  • Martengale Script Bot for botfreebitco.in Multiply BTC hi/lo game

    @tasaoirse Where is it breaking?

    If it's breaking because you busted your bank, that's the break point in the source code. i.e. The break that stops the entire process. It will however run indefinitely if you keep winning. If you lose 21 times or more and you've got less than 1000000 (one million) satoshi in your wallet. The likelihood of you continuously winning indefinitely is infinity against 1.

    Most amount of successful rolls I've had while testing it (and bitcoin was significantly cheaper) was 450,000 successful rolls, BUT, the odds are given the more rolls you take the higher likelihood of 21 or greater losses.

    Remember this is a script to play with a math hack on a high/low game of chance. There is no guaranteed winning and like all casino's post, bet what you can afford. Don't get me wrong, there are professional gamblers out there, but all of them will explain the same thing about gambling in general. You will lose and occasionally bust your bank roll.

    Now if the script is breaking because of a code fault, just point it out and I'll take a look at it. But if it's stopping because you lost. There isn't anything I can do about that, that's just the math of chance. On a long enough time line the survival rate of everything drops to zero, including the pot of money you are gambling with. And when the bet doesn't match the amount of money in your wallet, the script stops.
  • Bitcoin Trading

    None really. I just knew someone who is new to the game and did their research on it. I figured it's a high-risk/high-reward play so I bought 1000 and didn't look at it for a month. I probably got out a bit too early but I still held some since they were essentially free at this point. Combination of getting a tip, knowing the basics behind it seemed like a good play. Later when I heard he was making 30-50 BTC buys for other people I realized it might have been a good time to scale back my position. There's a few other coins I'm looking at but I'm not really buying just because BTC is moving so that usually hits alt-coins hard (most of them, some seem to ignore BTC prices which PIVX did in the beginning so that's one thing I like looking for is if people are buying it while other alts are selling)
  • Bitcoin Trading

    I'm personally not a buyer or seller of Bitcoin at the moment and my alt-coin portfolio is basically at 4% (I've got a pile of PIVX which I bought in early March at 0.00024 and is currently trading at 0.0013 BTC as well as a few other alts which I think may do well in the short-term) so I'm more or less just sitting on BTC and waiting to see what happens in between a few scalper trades on alts. In my 2017 Bitcoin price predictions I picked $1600 USD as the top for this year (I already hit my $800 low) which is probably where I start unwinding or start going overweight on alts.

    If I see BTC prices dip into the $1100 USD range I'd probably be adding a bit more but if you're just stepping into the market you can probably pick up a small amount here and there and wait for dips to add more in in my humble opinion. We always seem to be a stone-throw away from some news event which causes prices to drop fast so it's always a good idea to keep some powder dry as it were
  • Bitcoin Trading

    Interesting. I never noticed Bitfinex missing from that list. In terms of USD transactions they are the leader. Their 24-hour volume has been 7,194.27 BTC while Bitstamp has been 4,720.33 BTC.

    There are probably more exchanges which do more volume than either exchange, but they tend to have 0% trading fees, which can seriously inflate the amount of BTC being traded. Like, if I'm wash-trading (buying and selling my BTC over and over again to myself) it could look like an exchange is moving hundreds of BTC, but, if all that volume is really just me trading to myself over and over then it really misrepresents how much actual BTC is trading hands which is why most people don't count those exchanges when looking at real trading volume.

    I personally like trading on Bitfinex just because of the volume it does; multiple alt-currency pairing as well as margin trading (using what you have to trade with up to 3x leverage plus short selling) but I've been at this for nearly 5 years now in BTC as well as trading on traditional equities markets for 3 years on top of that. I've been helping getting some high-stakes WSOP-bracelet winning poker players get into the market lately and while they know how to risk massive amounts of money, they don't tend to be great margin traders. I'd probably stick with Bitstamp for now.

    But Bitfinex is currently having problems with fiat deposits so now there's a pretty big difference between Bitfinex and Bitstamp prices. There's lot of things going in the market lately.

    All I can say is keep it simple. Pick a market. Know it, understand it, watch it, analyze it. If you're starting out and you think you should buy/sell write down the price you would have made the trade, how much you would have used, then look at it a few days later. If you got caught up in the moment and made a bad trade then it'll show when you look at the price you wrote down.

    One of my golden rules is if I made three bad trades in a row I walk away for a day or two. I'll read a book, take a few long hikes, dig a ditch. Anything to keep my mind off of trading. Once I have 0 emotional investment in what I'm doing I tend to be a much sharper trader.

    Wow. The Zen of Market Trading lol
  • Bitcoin Trading

    Interesting. I never noticed Bitfinex missing from that list. In terms of USD transactions they are the leader. Their 24-hour volume has been 7,194.27 BTC while Bitstamp has been 4,720.33 BTC.

    There are probably more exchanges which do more volume than either exchange, but they tend to have 0% trading fees, which can seriously inflate the amount of BTC being traded. Like, if I'm wash-trading (buying and selling my BTC over and over again to myself) it could look like an exchange is moving hundreds of BTC, but, if all that volume is really just me trading to myself over and over then it really misrepresents how much actual BTC is trading hands which is why most people don't count those exchanges when looking at real trading volume.

    I personally like trading on Bitfinex just because of the volume it does; multiple alt-currency pairing as well as margin trading (using what you have to trade with up to 3x leverage plus short selling) but I've been at this for nearly 5 years now in BTC as well as trading on traditional equities markets for 3 years on top of that. I've been helping getting some high-stakes WSOP-bracelet winning poker players get into the market lately and while they know how to risk massive amounts of money, they don't tend to be great margin traders. I'd probably stick with Bitstamp for now.

    But Bitfinex is currently having problems with fiat deposits so now there's a pretty big difference between Bitfinex and Bitstamp prices. There's lot of things going in the market lately.

    All I can say is keep it simple. Pick a market. Know it, understand it, watch it, analyze it. If you're starting out and you think you should buy/sell write down the price you would have made the trade, how much you would have used, then look at it a few days later. If you got caught up in the moment and made a bad trade then it'll show when you look at the price you wrote down.

    One of my golden rules is if I made three bad trades in a row I walk away for a day or two. I'll read a book, take a few long hikes, dig a ditch. Anything to keep my mind off of trading. Once I have 0 emotional investment in what I'm doing I tend to be a much sharper trader.

    Wow. The Zen of Market Trading lol
  • Bitcoin Trading

    @Scarb67 That price.bitcoin.com chart you posted looks like a 6-month graph on BTC average prices in USD. Not overly useful for trading but gives a good representation of how prices have been doing over the past 6 months.

    That cbix link is good for Canadian markets and, as you can see, it's clearly wide open so not a very good representation of markets you would want to trade on regularly if you are new.

    https://bitcoincharts.com/markets/

    This gives a much more broader view of many more markets including non-Canadian ones. If you plan on being an active trader than your best bet would be to regularly trade on Bitfinex or Bitstamp; both do a good chunk of all BTC/USD trades and will probably give you a better indication of what prices will be doing as a whole, rather than looking at a smaller market market which might have it's own dynamics which you are unfamiliar with.

  • Bitcoin Trading

    @Scarb67 That price.bitcoin.com chart you posted looks like a 6-month graph on BTC average prices in USD. Not overly useful for trading but gives a good representation of how prices have been doing over the past 6 months.

    That cbix link is good for Canadian markets and, as you can see, it's clearly wide open so not a very good representation of markets you would want to trade on regularly if you are new.

    https://bitcoincharts.com/markets/

    This gives a much more broader view of many more markets including non-Canadian ones. If you plan on being an active trader than your best bet would be to regularly trade on Bitfinex or Bitstamp; both do a good chunk of all BTC/USD trades and will probably give you a better indication of what prices will be doing as a whole, rather than looking at a smaller market market which might have it's own dynamics which you are unfamiliar with.

  • Bitcoin Trading

    Yes there are lots of people who speculate. They choose an exchange and fund their account and try to make money off the speculations. I'm no expert but @MikeXBT and @BruceWayne are two that I know who do this, or in the past
  • Bitcoin Trading

    I prefer to use http://cbix.ca by @cbix_ca