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Rather than seeking for the right timing focus on a price point wherein you are ready to endure market price changes. Perhaps the 'right time' is now, would you be able to hold it for weeks or months? What if a sudden dump in its value happen for some reason given that we have no full control of its market price, what would you do then? Point here is to invest when you're ready and not when you think it is the perfect time to do so. You may enter at any price point you would like to but what would generate your profit is simply your patience as an investor. If you would be able to assure you won't pull your funds out if ever something happens, then go. What should be measured is one's tolerance over market price changes.
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I agree with the title itself. This industry is promising in the future and is already profitable at the present. Also, the idea of investment should really be one of the practices our youth should be doing for a better life 'coz it sucks just being an employee and just relying wiyh salary alone. The world is moving to technologies and the young once are in good position to take the advantage of cryptocurrency, because to be rich in crypto assets is sure, but not get rich quick business in crypto space, why saying that is to buy and hold for 4 to 6 years ahead, I'm very sure huge return profits for holding for long term investment, and the younger ones are good position for that, because of level of responsibility is not much for them.
Indeed, they'll have the advantage as they already have the good sources of information that they want to know. What they just need is to dig it and expose themselves to crypto. For sure, with the technology that we have these days, it was easy for them to understand how crypto works and of course, how they benefit from it because their level of knowledge is high compared to old people. Therefore, I could say that it would have been a big mistake and regrettable act if they skipped this great opportunity that was already on their front. Of course those who missed out on this great opportunity in the crypto space are regrettable, as the crypto industry hasn't been around for long so they still have great opportunities to jump in today and benefit from it. Of course, apart from getting the benefits of the investment, it is better to learn how to use it for business internationally, because the regions may be hindered by laws in each country, but in the international space it is rare for countries to regulate the use of currency for transaction. It's better if we learn how to make the technology, which will definitely get more free space in exploring this industry. Regrets are fine as long as you've learned from it. With regards to utilizing crypto space for across countries, it would be a huge challenge. First of all, adoption with this technology is still being questioned at the present which serves as a limit for your mentioned goal. Also, we are talking about youth and that means it would be fine taking ffew small steps and avoiding to make a huge leap and end up with huge loss. |
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I was having a conversation with a friend, and we talked about how difficult the economy is and how it can disrupt someone's plan to hold their bitcoins without tampering with it. I think this is true because if you think of how difficult things are getting, Salaries from jobs no longer sufficient to sort all needs, and profit from business seriously affected and made intangible because of the increasing cost of running a business and the rising cost of things.
Holding your bitcoins has a lot to do with discipline truly, but discipline is harder to practice when you are being suffocated and suffering financially with plenty bills and responsibility to respond to. People in countries with better economy, where there are good jobs and businesses are working, Bitcoins will easier hold than for people who are in places with terrible economic situation. What do you think?
It is was always advisable you invest with your residual income, so that it won't affect your finances. Nobody invest with his/her entire savings or money. Hence you begin to invest your entire income, you will find it extremely difficult to survive your day to day expenses. So next time, while investing, please put an amount that you can easily look away even if you're going through some sort of hard time, hard times don't last, it's just a period of time but don't go touching your investment. Unfortunately, there are people who does invest all of their money because of greed and frustration. Problem starts with your mindset upon entering any investment. Ofcourse assuming for profit would be a good thing to instill but always consider factors and circumstances. Profit won't come in an instant therefore you should assure you would be able to 'hold into it' for as much time or months needed to come up with profit as your goal. Especially in this industry wherein market price volatility is an obvious thing therefore therew will always be unpredictable price movements which could cost you a lot if you'd panic and choose to cut losses. |
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Bitcoin will lead the way so I guess it would be best to prioritize it however, it will never be advisable to put all of your money in one bucket, much better to diversify and with that choose the biggest ones in the market coz these coins are having higher chances to ride the wave once bulltrend occurs. But be careful on your entry point; never be too patient and never be in a rush, wait for the 'right timing'. Right timing for me is at a price point wherein you can endure both pump and dump to save you from worries.
Also, if you're interested with some altcoins, expect high market price volatility higher than usual when bull run starts. At the end of the day, decision is in your hand so better create your best analysis to avoid regrets afterwards.
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Isn't it stressful when we spend more than expected, right? especially if we follow a budget, having a smart spending habit is a good way to avoid such situations or events.
Whatever tricks and tips are conveyed to deal with excessive spending and discipline, of course all of them have concepts and theories, for sure I support all of that, especially in the economic field. But as far as I know the theory doesn't run as smoothly as it does in practice, my understanding is the discipline in spending the first is: * We have to travel and record the expenses and income that we get monthly, to handle the economy well. If monthly expenses are routine needs, greater than automatic income, all the tricks and tips or methods will all disappear, but if the income is greater than the expenditure of course it's a good idea to do as the OP said, fact, needs must still be met regardless of the consequences, it is impossible for people to only prioritize discipline and how to deal with economic expenses, but they themselves hold back for the necessities of life. Also, it would be easy creating a plan or tracking your expenses but it is hard to actualize simply because of circumstances. I do agree with daily needs and necessities which are quite non-negotiable. However if that's the case then it is one's source of income which should be changed if such thing is not applicable to your daily expenses. You'd only choose between creating an adjustment with your daily budget to be spent or increase the amount you can spend. Discipline on the other hand is not something you would wish and happen in an instant. It depends simply on the individual whether he'd create positive changes or just endure problematic situation. |
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Infographics and videos would be indeed more interesting to anyone but if it is with investment, then one's initiative will be always needed. Interest won't be enough to push someone especially towards investment which has a high risk. Not everyone can afford losing an amount but everyone is interested to earn profit; this is the problem. Inviting people towards this industry indeed is a good thing to do but always gauge and know who you are dealing with. If they'd be only interested because of profit alone and would be disregarding the risk of losing money then you are wasting your time sharing this technology to them. Either you end up to be blamed or be thanked once they benefit from it.
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Reading a book, being financially literate, surfing the forum or watching videos will only give you long-term gains. If you don't have capital, knowing how to invest will not do you any good.
The economic crisis the world is in is obvious. If your salary isn't very good then you are trying to save the day. It's hard to set aside money to invest when daily expenses are so high.
Even if you lower your standard of living and don't spend luxuries, if your salary is low, you still don't have many options. Even if you want to spend a little money, you still have to spend a lot of money every day because of rising prices.
Although your suggestions may seem good, they don't have much validity in practice in real life.
I agree with you. Our lives are completely unpredictable. I wonder, do the authors of the books themselves live according to the advice they give? Personally, I doubt it. If you are a serious businessman, do you have time to write books? I doubt it. And if you have time to write books, then maybe this person only has time to write books (i.e., infotsygan)? Well those authors in the field of business are having or releasing their books upon being known by more people for a reason that they have succeeded. Not all authors, but some really written their experiences along the way before being in such place at the present. They'd have time to write simply because they are already successful with their lives and they no longer work for money. They would have enough time to construct and convey a message to their readers but with regards to their intention, only authors themselves would know whether they are aiming to inspire or to just creating another business opportunity. |
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As an investor, i did a lots of invest in altcoins. Those were suppose to be good that time with having good hype, good team and community. But with having all of thats, most of altcoins scam after a time! I wonder for some altcoins, they were suppose not to be go but they scammed without any reason! And hundreds of altcoins are in my wallet, which are turn into dead shitcoin now.
I mean if it's not bitcoin then boom there you go you just identify it lol. No seriously I think the easiest coins to stay away from is anything using a other coins name in theor name. Like bitcoingold, or babydoge, etc. They are just leveraging a name and are not serious projects to consider. That's one way On my end I refer to it as a coin which appeared in a sudden without hearing anything about it. Also with a "bootleg" of something popular, indeed. However there are coins being introduced as a project and turning out to be one of the mentioned category so I do consider referring to it as failed tokens which had a price dump upon its listing to exchanges, and tokens with low market volume. But there's really no absolute definition of the mentioned term. It won't be listed without any value in the first place. Well for swing trades, these coins are still profitable but expect extreme price volatility especially if whales would choose to manipulate its demand and market value. |
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to be honest, through bitcoin, I made quite a lot of income when I first learned about crypto. However, it did change a few things in my life, where I had no income before, and when I got to know bitcoin, I did have some income, and it was pretty big. However, I've created several businesses that are still doing quite well, and I'm still thinking about improving that. This made my life change to be more confident than before.
Just wow. But I'm sure you also incur losses and sometimes it's big, right? And maybe you only didn't mentioned it because your profits are still bigger than that. You are lucky but you must also be skillful to pull all of that. OP said that this topic wasn't only limited to how much we earn on Bitcoin but have you tried incorporating Bitcoin on your business? Maybe that can change your views as well about how money works. I know, many people have been using Bitcoin as their primary currency after they know it, and this is the biggest change in their life. For me, BTC change my life in a way that I'm more knowledgeable now and it taught me how to be patient. I won't mention the income for a while as it wasn't that big and it's getting common already. I believe no one succeeds in this market without ever losing but the loss doesn't matter if the profit we make is many times bigger. Incorporating bitcoin into your business depends on many factors, assuming you live in a country that is not bitcoin friendly or the taxes associated with bitcoin are too high. Then you should not combine them, it is not in your favor. Well, in addition to bitcoin has improved the financial situation of many people, it has also changed the financial mindset of many people, and I am one of them. Investors are the only people who benefits from Bitcoin, however not every investor does. Some are losing and others are winning simply because to invest is not the only thing an investor should do but also study the charts and make your own analysis of the price action unless you have unlimited tolerance of its market value. Given how volatile its price is, you should know that profit won't come in an instant and constantly. Also I believe that it is not bitcoin who made changes in our lives but ourselves. It takes huge initiative and courage to invest into something, and this is what rewarding its investors. Question now is, is everything in crypto industry because of Bitcoin? Some would say yes and some won't. Bitcoin is believed to be the first cryptocurrency and other cryptos have jist followed and progressed as well. The answer I guess is no one would be able to tell 'coz this industry is already here; there are too many possibilities. |
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It's called (Insider-Trading) he got early-information about the listing. Fun-fact, my self working as moderator we got some early information as well for the project I was manage to hit listing on exchange. -snip-
This makes more sense. Because most people frequently buy in stages and do so several months, weeks, or days in advance, at least that's what I have done in the past for other shit tokens. But if it isn't insider trading, then he is just winning the gamble. Every token has a potential to be or to have a 1000x price increase but only a few makes it simply because demand will only be triggered by majority and not by potential alone. Insider trading is also possible in this instance but it could be luck as well. Point here is to invest an amount and see if you've made the right analysis and whether you would earn from it. Every investment is a gamble because of risk present. However, you won't get something if you won't atleast try giving it a shot. Knowing the enlistment of token won't be an enough factor for a price increase so he still earned that opportunity for trying his shot investing in $BALD. |
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Lately majority of people find theirselves within the crypto space, but many of them do not really understand the actual reasons for adopting crypto currency other than to make profit, what are your own reasons for adopting cryptocurrency?
what must be the reason for investing aside from earning or profiting ? isn't hypocrite to say that we are not here for money? though we can say that we can use it for something more appropriate but how can we deny the idea that there are forms of making money inside? but for me the main reason of adopting crypto is that I can have funds away from government , and also I can use some of it to gamble and pays online transactions easily . Being here for profit is not a bad thing and it will never be. We have our own reasons why we are having courage to invest in anything we think would be profitable. I've seen many people in this forum being so passionate about this blockchain but for sure we all know we won't spend our holdings on a daily basis. Saying how you love this industry's advantages won't make it better. It still has limitations and there's nothing wrong just being practical of it. It would be easy to say you want to encourage other to use crypto as a mode of payment but if you yourself hesitates to do so, simply because you don't want to miss the opportunity to earn profit by holding, that is indeed hypocrissy. This industry is still in progress of development and by any means we are using it depends on ourselves solely. We could have different reasons and ways of using this blockchain, that's how free we are. |
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People tend to regret not buying once the market price is again at peak. Well, it is a normal response simply because you already saw how high it would become. To change this is to have courage to invest early. Problem only is that investors are only looking on the potential profit and not the part that they would be embracing the risk. With that, they should be ready to endure imarket downfalls no matter what and as we all know, this is the reason why we should invest an amount we can afford 'losing'; an amount we would be okay resting for months or years until satisfaction with profit. Also with DCAs and other market analysis wherein we tend to wait for that 'lowest' which is impossible to determine. Much better to pick a market price entry that would give you enough margin to stretch for market price changes.
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In every market crash, I am only pushing my limits on BTC & ETH simply because these coins are having higher chances to recover once the market price stabilizes and once demand again enter the market. You may also choose other coins such as XRP and the likes but I do expect extreme volatility on its end. However xrp for example is relative to bitcoin's price movement unlike with other altcoins. Choose the ones which are more likely to recover in few days based on the charts. Also, wait for the best discount and never oppose the price movement in order to maximize the potential profit once recovery take place.
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I think that gambling advertising on social media is ineffective and very expensive, since gambling is basically prohibited in most social media
- Maybe in other countries, yes, but in some other countries like here, social media advertisement is very effective using popular influencers who are well known on social media sites such as Facebook, Youtube, Instagram, and TikTok. In fact, it has been rampant even up until now. There are a lot of influencers in my country who became rich by endorsing several gambling casinos online, and these influencers don't care if a lot of their followers will get broke in the end because of the casinos they've promoted because they've already paid. Indeed, in most of the countries, restrictions aren't that with online gambling unlike with landbased ones. Therefore, engaging with social media advertisements would still benefit a gambling platform. Also, they won't spend money for something they do not know about so more likely those gambling sites who does so, have tested and saw the results of ads 'coz they'd be throwing their money if they won't know the negative consequences of it. Also, advertisement in any field doen't need to be too detailed. Recognition from players and potential players would be an enough result of social media engagement thru ads. |
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Players' concern board wherein they could post complaints, reviews, and the likes concerning that platform and how the site acted on those things; both good and bad. Reason? To help players determine whether it would be a good site to put their money with but I hope this would also come with a way to not tamper those comments by both players and the site itself. It would be an interactiion between players and the gambling site to address issues in a faster manner and to avoid things from happening again to both parties. I've daid this 'coz all platforms already have focused with the type of games to be offered, rewards, bonuses and the likes but not with the quality of service they are giving.
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Question is why? For sure we are all aware that it is not a good thing to do 'coz it has a weaker security than with banks or crypto wallets. Also, it would be at risk if anything happens to that particular gambling website. Another risk is lacking self discipline to somehow use all of those money in betting. If it is just a small amount then that would be fine but if it is a huge winnings, then withdrawing it would be better. This is laziness I believe 'coz there's no valid reason to do so except for not planning to save any amount for other purposes than gambling. If that's so, chances are high that you'd lose it eventually either in games or with breach related issues.
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Indeed it would be possible to ttack a gambler's activity thru their account but problem is, not all gambling site owner or provider would be concerned enough to tell their players to minimize their exposure to avoid being addicted into it. It is like pushing away your customet from ypur store. Good for the cited story we won't see it on a daily basis. So what can we do? Apply discipline to ourselves. We don't need to rely or wait for the gambling site to warn us about gambling addiction and instead, we should be the one who's more eager to be away from the risk of getting addicted in gambling.
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I'm also sure that for an international casino class they definitely provide a first aid kit. However, the first aid kit will not help people with heart attacks at all, the best way is to take them directly to the hospital.
Yes, I agree with you and the previous comments that the casino probably had a first aid kit but that it did not include a defibrillator. In large organisations it is not uncommon for there to be a defibrillator for every x number of people and at least some people are trained to use it if necessary. However, I imagine that statistically it is very rare, and that it is not just because of one case that casinos the size of this one are going to be forced to have defibrillators and train their staff. There's just a protociol in which the staffs of a casino would be following. In case of emergencies then protocols should include an urgent action with such instance. First aid would help indeed but still it would be better to put professionals in your casino ( for landbased ones). For sure casinos in such cases are having huge revenue already for them to not be prepared of unfortunate cases including health related one. All businesses should be ready with health related problems and other emergencies pehaps fire related, since it is their service which collects people in your casino in the first place. And going back with protocols not all staffs are aware of the things to be done in such problem. Should they be knowledgeable of first aid? no, that's not their responsibility anymore. A casino should allot particular professionals for that. |
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everything has been said above , and i think you have enough to use for your casino , best to focus in development of the games, bring new set of games or at least upgrade those old one.
OP doesn't have enough money even OP hopes for help from the community to build together, that means OP doesn't have enough money and only has ideas and the desire to build it, don't take it too seriously this will never be achieved, so just say what is the input for OP after that it will disappear by itself, so I have seen this many times on this forum and always in the end it doesn't produce anything. But we still appreciate the OP asking for advice and we provide suggestions and input feedback, judging by the way the OP makes threads discussing the same thing too often it doesn't look good as piling up unnecessary posts, I hope he can really build on what there is came to mind after getting some great feedback from the forum community in this thread or previous threads.  Well obviously a project like that doesn't come to life in a matter of days. I've read all the comments from this thread and the previous one, I know where the opportunity lies. Now it's time to look for funding, as I've mentioned earlier, my startup capital is only 15k$ which isn't enough. I'll keep you updated along the way. Of course not enough. But it's good that you already know and understand better what is needed in order to open a new casino and work successfully. The problem, however, naturally lies in finding an investor or several investors. I just know that investing in essentially startups like you want to do and using cryptocurrency payments is pretty hard to come by. According to statistics, only about 1 out of 100 potential investors can begin to seriously consider your proposals. But unfortunately, it is unlikely that it will be possible to do without contacting such a number of potential investors. Only if the OP is lucky, the number of such negotiations can certainly be less. But conducting such negotiations is a rather laborious task and takes a lot of working time. But of course, real investments should be an order of magnitude larger than OP has. But in any case, I wish OP good luck and success in this field of activity! Awareness of what is lacking, already is a big move than to just dream of something and not checking the circumstances. But thay's what it takes; you are aiming for something huge and that would also require huge amoung of time, effort, and money. However, it would be hard for a fundraising to take place as we all know. Invwstors would be curious of how would things be managed perhaps with a roadmap to check the feasibility before their actual engagement. If it is fundraising then a more detailed plan with this project, would help OP achieved his intentions, as others have mentioned. Patience would alao be needed 'coz there'll be criticisms on the way. You may focus on rewards or bonuses, games to be offered, and the likes which are present to most of the gambling platforms. But never forget the quality of service your players should be having in order to keep their ptronage in your platform. |
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Freedom I guess, with gambling casinos. You may engage with typical or fiat online gambling sites but it would be either taxation from your winnings or high service fees.
Web 3.0 gambling industry applies the nature of decentralization to players. Thus, anyone would be allowed to play. So basically, differences are concerned with mode of payment. There would be anonymity with regards to transactions. Unfortunately, this feature allows minor to participate as well with online casino platforms. Definitely it is just a matter of a security level that players should comply. Quite of a revolutionary gambling era online. So far developments still are in preparation and polishing of what this industustry could take place.
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