Okay so when using Primedice you may not want to manual bet, so there is an auto option. Some people do not like the autobetter and think its a sure way to lose BTC. You can win some BTC though if you are careful. I like to set things up so that I can kind of "test the waters' so to speak.
Usually you want to start your base bets at about 1 sat. This way you can get a good idea of what kind of win steaks you'll get and what kind of lose streaks you'll get. Keep in mind this is gambling, not the stock exchange. There is just mainly risk involved with rolling the dice, so proceed carefully...
I'm going to layout some basic strategies here that you can try and build on. You can also use bot to bet for you and implement more complicated strategies. Like Seuntjies DiceBot, or Dyborgs Bot. These bots let you employ more aggressive strategies.
OK so, here are a few basic strats you can try to begin with.
IOL = Increase On Lose
IOW = Increase On Win
DOI = Decrease On Lose
DOW = Decrease On Win
------------------------------------------
1.3x - 1 sat - 275%|300% IOL
1.4x - 1 sat - 250% IOL
2x - 1 sat - 100% IOL
2.5x - 1 sat - 75% IOL
3x - 1 sat - 50% IOL
Money making, bitcoin acquisition, trading bitcoins, bitcoin faucets, gambling bitcoins various articles and various resources.
Wednesday, January 18, 2017
Thursday, November 10, 2016
Different ways of earning...
http://earn-bitcoins.com/ talks about 8 different ways to making bitcoin. Really the best way is to either start a business or service that accepts bitcoin as payment or get into mining.
Thursday, March 3, 2016
Trading Currencies that are Crypto
Cryptocurrencies are an interesting concept. You can use them to purchase goods, gamble and invest. Investing can be a real money maker. There are people trade crypto right now and are making money off it. It is possible to turn a profit.
In the following section I'm going to go over some basic terms and kind of show you what its like. I have added a few images below of some various currencies that you might want to trade. These go up and down frequently so you can expect to get a return based on when you invest and you're expectations for the future trading price. The term risk assessment gets thrown around a lot. This of course falls under risk management which basically means protecting your investment. Avoiding falling trading rates requires constant attention to detail, and maybe a little luck.
So first off you need something to trade with. Either you want to buy BTC or some other currency and trade with that. Another option is to use your mining profits to trade, which is what I do. This allows you to learn the basics without really losing anything at all. So use your PC to mine a small amount of lets say XMR(Monero) or BCN(ByteCoin), then take that and transfer it into a trading account of your choice. I usually use mining software tailor made for each currency but if you know nothing about that, you could easily go to minergate.com and download their software to get started mining easily.
Then once you have your chosen currency we can start to talk about trading. In my previous post I talked about a website that listed all the available exchanges, if you haven't chosen one yet check out that post. I will also throw in a few links to articles and videos so you can as much information as possible.
Okay, so once you get your crypto into an exchange you can then look at some of the options you have. You can either start trading based on the carts, and look at investing in dumps and selling when it jumps or pumps. That's how most people do it, and it's very important that you commit to it once you've bought into a currency. Basically select a currency that you want to trade and watch it constantly.
So first off you need something to trade with. Either you want to buy BTC or some other currency and trade with that. Another option is to use your mining profits to trade, which is what I do. This allows you to learn the basics without really losing anything at all. So use your PC to mine a small amount of lets say XMR(Monero) or BCN(ByteCoin), then take that and transfer it into a trading account of your choice. I usually use mining software tailor made for each currency but if you know nothing about that, you could easily go to minergate.com and download their software to get started mining easily.
Then once you have your chosen currency we can start to talk about trading. In my previous post I talked about a website that listed all the available exchanges, if you haven't chosen one yet check out that post. I will also throw in a few links to articles and videos so you can as much information as possible.
Okay, so once you get your crypto into an exchange you can then look at some of the options you have. You can either start trading based on the carts, and look at investing in dumps and selling when it jumps or pumps. That's how most people do it, and it's very important that you commit to it once you've bought into a currency. Basically select a currency that you want to trade and watch it constantly.
 |
| BCN/ByteCoin rise |
 |
| XMR/Monero rise |
 |
| LTC/LiteCoin drop |
Choosing an Exchange
Okay so I've been looking around for various exchanges. This can be a little challenging because you may be new and not know all of them. So today I want to introduce you guys to a resource that can be extremely helpful when it comes to choosing an exchange. See maybe you want to know where the exchange you're using ranks. Or maybe you want to know how much they're actually worth, available supply, volume etc.
You can also sort the items using the top bar depending on what you want to look at.
https://coinmarketcap.com/
They list:
636 Currencies /
55 Assets /
1696 Markets
You can also sort the items using the top bar depending on what you want to look at.
https://coinmarketcap.com/
They list:
Saturday, February 13, 2016
Decent Habits for Primedice
So basically there are a lot of people wondering how you can actually make a buck off Primedice? It is possible. I turned 0.01 BTC into 2 BTC in just 3 hours. Seems crazy I know but you can achieve the same thing with a little luck and a lot of common sense.
The idea is that you have to take it a little slow at first, I was playing for a year before I was able to make any kind of money off Primedice. So use the faucet for the first little while. Don't dump money in to start with, you need to build confidence. You also need to build a basic strategy you can follow. Something that in theory will make you money on each bet. In an earlier post I talked about various strategies that are used in casinos and race tracks. Martingale being the main one. Pretty much everyone uses this method at one time or another. Basically on the bet after a loss, you double down or increase the bet enough to make back the previous loss. This is a great method to start with and play around.
Set the multiplier to 1.3x and then enable hotkeys. Start by betting small amounts. Basically you want to bet over/under and increase on loss so that you can recover. You'll get the hang of it.
The idea is that you have to take it a little slow at first, I was playing for a year before I was able to make any kind of money off Primedice. So use the faucet for the first little while. Don't dump money in to start with, you need to build confidence. You also need to build a basic strategy you can follow. Something that in theory will make you money on each bet. In an earlier post I talked about various strategies that are used in casinos and race tracks. Martingale being the main one. Pretty much everyone uses this method at one time or another. Basically on the bet after a loss, you double down or increase the bet enough to make back the previous loss. This is a great method to start with and play around.
Set the multiplier to 1.3x and then enable hotkeys. Start by betting small amounts. Basically you want to bet over/under and increase on loss so that you can recover. You'll get the hang of it.
Wealthy Habits: Value Your Time
So everyone knows their time is precious right? No. People give up their time like it has no value. This is one of the biggest problems with people trying to progress in life. Learning how to value your time and how to use your own freedom as an advantage. Most people don't see free time as an asset in their life, they just give it up for a typical lifestyle society provides.
Now the last statement I made might not make sense to all of you. What I mean by that is that, your typical nine to five job will not necessarily build you wealth. It can if you employ good money management, but usually most people get that salary job and then start taking on loans and debt. New car, new house etc. Drifting off topic here but basically what I'm getting at is people sign themselves up for the hamster wheel. This will take up pretty much all of your free time and motivation. Now don't get me wrong, I'm not saying quit your job, but being objective about the situation you're in. Question the norm and whats good for you and then based on that decide how you want to do things.
Really goals are your best friend. They allow you to keep track of progress and decide on different strategies for success. You can get a lot done if you set your mind to a certain objective. Try to lay a path out for yourself that you know you can follow. Then depending on what you want to achieve(in this case wealth) you should do a lot of research on how you plan to get there and then set your plan in motion.
Along the way you need to stay motivated. Motivation is a hard thing to keep up, but you'll find running things your way will help quite a bit. Going to a regular job has a way of beating you down. Draining your ambition and leaving you tired. So I think the younger you are when you try to start something like a business the more likely you are for success. When you're young you seem to be immune to those things. But in any case if nothing else motivates you, let the money motivate you.
But anyway the whole idea of me rambling on here about this stuff is that you should use your talents and use what you have to build something for yourself. A lot of people are using things like Youtube now to help pay for their lifestyles and vlogers or content creators. Their is so much out their that you can actually just do from home with a computer and some basic equipment and you can create ways of making money for yourself. Turning nothing into something. Bitcoin is another way of doing this. But it tricky.
Anyway I'm going to end it here.
Along the way you need to stay motivated. Motivation is a hard thing to keep up, but you'll find running things your way will help quite a bit. Going to a regular job has a way of beating you down. Draining your ambition and leaving you tired. So I think the younger you are when you try to start something like a business the more likely you are for success. When you're young you seem to be immune to those things. But in any case if nothing else motivates you, let the money motivate you.
But anyway the whole idea of me rambling on here about this stuff is that you should use your talents and use what you have to build something for yourself. A lot of people are using things like Youtube now to help pay for their lifestyles and vlogers or content creators. Their is so much out their that you can actually just do from home with a computer and some basic equipment and you can create ways of making money for yourself. Turning nothing into something. Bitcoin is another way of doing this. But it tricky.
Anyway I'm going to end it here.
Wednesday, February 3, 2016
My Thoughts:
My Thoughts:
South Korea's Central Bank Monitoring Blockchain for Regulation?
So I was looking around on the Coindesk news section and I found an article of interest. See the idea of cryptocurries taking over most legal tender has been a thought now and again. I think this kind of currency is the way of the future. Others do not.
Neither does the Central Bank of South Korea, but they have decided to monitor blockchain for market volatility. They also talk about employing some kind of regulation system. They say the regulation system will not hinder innovation. You can expect they'll want to find a way to get more transparency when it comes to transactions. They plan to closely monitor various global financial institutions and startups. This could have some serious benefits.
With Bitcoin and other cryptocurrencies we have things like Blockchain to monitor transactions. We can tell where they came from and where they are going. There are millions of transactions taking place. That's a lot of cash trading hands and wealth being created from nothing. So in terms of the economy, it does affect it. Governments and Global Organizations should take this a bit more seriously, not saying there aren't some that do already. It's definitely worth the thought. Anyway just thought I'd give you guys some brain food.
Seoul image via Shutterstock
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