zimmah
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June 06, 2016, 03:57:28 AM


it's not even about stealing, it's about trading itself being risky.

you never know for sure if the price goes up or down, and if you predict wrong, you lose money. And with such small swings, it is too much risk and not worth your time or the risk.

Risking $500 to make $2 is a stupid idea.

Even if you bet right 200 times, if you bet wrong just once you lose all your profit.

It's just not worth it.

I have no problem with gambling ... as long as it is calculated. You know what I was doing before trading Bitcoin? ... Nope ... I tell you!
I had a statistical algorithm that I reverse engineered to try to predict lottery numbers from different automatic computer generated lotteries. You do math, and you win!
But there where unnecessary cost sometimes where I couldn't follow my projections cause I had too many tickets rolling in the same time... I took time to do the math.. keep count of things... the actual physical time consuming trip to the lottery even if it was 50 meters away from me! I manage to spend less than 30 minutes per week with that and it still felt annoying! Even if was winning 100% after a period with a margin of profit between 50% < - > 1200% ... it was stressful.

But if you have done the math.. on the market share numbers, there should be less than 1> Bitcoins per person on the planet... meaning that soon people will have a buy-in paying literally for "peanuts" ... 0.05 Satoshi will be like in half a year the new Bitcoinlandia minimum monthly wage for many people!

I know that, and I'm holding too, if you ever read any of my posts you'd know i'm probably one of the biggest permabulls around.

But that doesn't mean I like to risk my bitcoin by trading them.

Especially not when the spread is so small that you can barely make 1% of profit, if you guess right.