Who says that trading bot are really good in trading?
I must say that based on my experience in trading, I prefer to not rely on those existing trading bots.
I don't see it profitable for me, and if you are telling that Binance trading bots are garbage then maybe it is not for you. Instead of using them, it is much better if you will push yourself to study and learn about manual trading that will help you understand how trading actually works. Trading bots are far different from actual trading because you have full control of your assets while in trading bots, you will just set a strategy and that's it.
Its not really that not profitable because all things will vary on the market movement.There are already bots which had been modified for a specific market condition and its been set up by traders or its creators itself which basically means that it is an automation of trades in behalf of you.People do always had that misconception towards bot which isnt really true. You can say its garbage if you do expect on it too much on where it can make money which is really wrong and you will surely realize that in the end when you do see that nothing do works on what you had expected.Better to trade manually rather than heavily relying into these bots. There are people who complaining because of the trading bots and it is the problem because they are just depending on it. Do not treat trading bots as a sure profit because there is no trading bot that existing like that. Instead of complaining, it is better to think a way in order to become profitable in trading. I really do not trust trading bots, did you see any successful traders that are using it? Of course none right because all of them are trading by their selves. |
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The dominant emotion will be greed I'm sure with that especially if the Bitcoin reach $20K, people will except that the price will go up more and it will lead to them to hold more. I will also hold my bitcoin if it managed to break the current ATH in this current year. But still everything can happen so we should be careful and we should create a plan in different scenarios that may happen in order for us to be prepared in unexpected situations.
If the price reached it expect that there will be a lot of speculations that will uploaded in different communities where it will create hype not only here in the forum but all over the social media platforms. There is a high chance that it can attract more investors that can boost and lead to the increased of the momentum of the bitcoin.
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Lol, I got busted so hard with Blue Samurai slot. It looks like it has very-high volatility. If you are new to the slots game, consider playing the Scarab Spin first as it has substantially lower volatility.
Did anyone try the exchange feature? Does the exchange rates reasonable or not? *I'm not a trader, so I need to have an informed decision about this. Thanks!
Midas golden touch by thunderkick is my favorite slots game there because of the multiplier that I keep getting, but not all the time I keep making money from slots so there are times that I switch into dice, mines, blackjack and roulette. When it comes to exchange feature, I'm not sure if the stake have that kind of it because I think many people are still using 3rd parties like Dinabot but the fees are high where it can achieve 4-5% if I'm not mistaken. |
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Slot games are easy to understand once you get to play them. I think everybody already have the opportunity to play slot games like in Online video games or even physically on amusement stores BUT playing them on Casinos would really be different since we are playing it for money. Online casinos adding slots would be really profitable for the casino since most people that goes into Casinos won't like to play with other people and just play with anything available like Slots.
There are more people who plays slot both physical and online casinos. We can see that from time to time there are more and more interesting new sets of slots being offered by the developers, they are making it sure that people will continue to enjoy this luck based gambling. This is true.This is good for people who enjoy slots as the slots developers are really coming up with new sort of bonus games to keep people entertained during their gameplay.This is great for people who can control their emotions but it is a really big risk for people who cannot and risk to become addicted.The majority of addicted persons I have known were slot players. I don't think slot players are much addicted, to my knowledge most of the gambling addiction is on Dice and sports betting. Different format of slots were available on different gambling sites. Every slot game will have difference in the script, and is there any slot game that's been developed over the blockchain. We have different interests after all, my parents loves to play slots but in traditional casinos. When I ask them about why is that, they said that it is because they used to it and they feel more excitement whenever playing slots in traditional than in online casinos. Yes there is huge differences but I became interested playing slots in online casinos. There are certain online casinos that have thousands of slots games and it is what I like because I can play what I want. The rewards are also huge especially if you are lucky enough to hit the jackpot with high multiplier. |
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Starting capital is important to consider and many traders failed in this area, if you are fully beginner then do not put real money and start paper trading first in order to become aware about the movement of the market. After you gain experiences and knowledge, then it is the time for you to open in an exchange with small amount of money first. Remember that you are just a beginner so do not expect that you can easily increase your capital in just a matter of time so start with small amount of money. For me, $50-$100 is a good starting investment but it is should be depends on our risk appetite. Just put a money that you can afford to lose for those who want to start day trading.
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I'm a stock and cryptocurrency trader and there is really huge differences, when it comes to trading of cryptocurrency;
(....)
Can you share your experience related with profits or losses you already encountered on trading of cryptocurrency and stock/forex? Like for example you already lost a lot with cryptocurrency compare on stocks, or vice versa. And also, if you will be given a particular amount of money to trade, which one will you choose to trade on? On cryptocurrency or stocks? In terms of gains, cryptocurrencies is much better because there are some exchanges offering future markets where they have leverages. In our local stock market, there is no leverage and there is also no short positions which means that in order to make gains is only by going long position. My biggest gain in stock market is 50%, it is called a ceiling price in stock market which means a stock can only go up within 50%. Unlike in cryptocurrencies there is no ceiling price where its price can go up as much as it can go. When I trade local stocks, my time frame is daily and weekly so I do not use any intraday charts like minutes and hourly chart. My strategies in stock market depends on the current movement of our index. For those who do not know what is index, it is generally a market portfolio where it is represents a financial market. Our index represent the whole local market and my decisions and strategies base on it. For example if the index is consolidating then my strategies will most likely be a swing trade but if there is a momentum then I will becomea breakout trader. When it comes to losses and risk, I can handle more in stock market because I'm used to it. I also have a having hard time when it comes to using leverage and it is the reason why I experienced wipeout in my portfolio before. If you will ask me if I have more money, I plan to open account on global markets which I will mainly focus indices especially the DJIA and S&P 500 because it is the indices that is current trending. |
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Gold is being used as a reserve of the countries, the potential of it increasing is so high. Bitcoin is decentralized, and that is the reason why it is volatile. We investors and users are the ones that control the movement of the price of bitcoin, without anyone controlling it, our every move in the market ripples making an effect to the price.
Gold is valued based on different factors that aren't a speculative event for the cryptocurrency markets. As cryptocurrency is speculative it reacts to any small changes in the market volume due to any of the incidents happened relative to the cryptocurrency market. This at times cause large level fluctuation, which is the reason for unstable situation prevailing with cryptocurrency market. Another thing is the market size and the liquidity level. Compared to gold the market of cryptocurrencies were very low, maybe when the market size grows we can expect more stability. The volatility of the bitcoin is normal and it is really one of its characteristics, what is not normal if the price became stable. The reason why the price of the bitcoin is always changing minute to minute because of the huge market participants, there are a lot of people who constantly buying and selling bitcoin. Be also aware that the market is driven by emotions especially by greed and fear. If the market is uptrend, the main emotion is greed where people keep buying and the price of the bitcoin keep increasing while if the market is bearish the market is driven by bearish where the price is gradually decreasing. In terms of comparing the price of the gold and bitcoin, bitcoin is more volatile but gold cannot consider as stable especially when talking about gold futures market. |
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I'm a stock and cryptocurrency trader and there is really huge differences, when it comes to trading of cryptocurrency; I can do it anytime because it is 24/7 which means that the market is always moving. In stocks, the time is limited because there is a schedule on it like market opening, lunch and market closing. When it comes to volatility the difference is minimal so I can say that both of them are volatile. The trading strategies that I applying in stock market is the same with the strategy that I applying in cryptocurrency market.
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I suppose that the fall of the economy has given new opportunities for crypto. Many saw potential in Bitcoin.
Bitcoin always had potential to grow form the initially stages itself, only thing not many believed in it or said it is going to be bubble or will be temporary but after a decade now people are realizing that it has true potential to grow and also to help businesses to grow. With this pandemic, people got the time to investigate and check the usage of this system realizing that it's for real and really manageable to use. Those negative views are now starting to replace by trust and hope that somewhere people will benefits from this system both investment and currency side of it. Eventually more adoptions will take place, more business will embrace this system and it will be useful in most industries around the globe. It will take time before the negative views toward bitcoin will be changed as positive, there are now a lot information all over the internet about bitcoin but not all of it is legit especially topics about investments. The view of other people to bitcoin is an investment and not a currency but it is okay after all. Bitcoin will change the payment system if the people will choose to adapt it and if the negative rumours about bitcoin will be change into positive where many people will fully understand how it is working. |
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We can say that Africa is blessed with natural resources, but these resources won't work on their own to improve African countries. For me, one of the primary reason is corruption. It's already given that they have resources that can be their asset but because of mismanagement and corruption of some people, the people can't benefit from it. With corruption, there is a lack of education, health care system, and development because they don't prioritize it. Also, wars, terrorism, and other conflicts are visible in African countries that are also one of the factors.
So I guess in order to slowly fix the problems, they need to have good and efficient authorities to lead them.
When people talking about Africa, people thought that it is a continent where the poverty rate is so high but not all of African countries are like this because some of them have good economy growth in these past years but I cannot deny the fact that there are some countries in Africa where the corruption is so massive where a lot of people do not get the right treatment that their government should give to them. They have a broken system but it doesn't mean that they will be forever to experience that, through cooperation and through voting the right candidates in there government; for sure they can fix the problem and able to develop their counties as well as lessen the poverty rate. |
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The only harm i think scam will cause is more restrictions rules from the SEC cause scam was the reason why KYC/AML was introduced in crypto investment. However, people seems to have already understand the risk in crypto investment.
Agree. The more scams emerge, the tighter regulations will be. KYC and AML will be a requirement to get access to Bitcoin in the mainstream world. While decentralized solutions are an option, their low liquidity makes them widely unpopular in the crypto/Blockchain space. There's no denying that scams will harm Bitcoin's reputation worldwide, due to lack of people's education. If they'd learn more about how Bitcoin works, they wouldn't believe everything that's said on mainstream media. The majority doesn't care more or less about Bitcoin, as the world goes around Fiat nowadays. Bankers and governments will try their best to prevent people from using Bitcoin on top of Fiat. This means that its reputation will be in the ground, in order to make people use the traditional banking system more thoroughly. Only veterans in the crypto space and those looking for an "exit route" will use Bitcoin no matter what. While it's true that people are starting to understand the risks in crypto investment, there's still a long road ahead. The crypto/Blockchain space needs more time to mature in order to be widely recognized as legitimate in the mainstream world. With good education, people will be able to distance Bitcoin from scams in cyberspace. Let's hope that heavy-handed regulation puts an end to scams once and for all, for the prosperous growth of Bitcoin and the entire crypto industry. Just my thoughts  Good point and we all agree to that, time and proper education regarding to this system will open up minds by those people who are still looking oppositely. With proper information and right knowledge not just a biased one coming from mainstream medias which more likely being corrupted by people around traditional banking industries. This negative views will be replaced once people realized that bitcoin is not a tool for scamming but a useful system to help the financial industry. From that point, more and more people will start to embrace and adopt this currency, it takes time but it will happen. In reality, there are only few people who are interested where we can say that they are hungry to learn information about bitcoin. It is sad because most of the people in my community became victim of fake news where when they heard bitcoin, they always think that it is a form of investment where it is scam. This is the result of the past scammers before who keep creating ponzi scheme investment where they keep inviting a lot of people and in the end many people will lose their money. Scammers are keep tarnishing the not only the bitcoin but the whole cryptocurrency community. It is so sad because people view it as negative and not a new payment system that will change the broken system. |
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Online and offline the scenario is not good because of the pandemic, but this will not take long we only have to suffer for little more time, WHO is monitoring the vaccines and pharmaceutical industries are on the right track it's only a matter of time we will have a vaccine before the end of the year and everything will be ok again and we will be back to normal. If you are trusting what the WHO is telling then you need to wait for a very long time to see everything going back to normal, i never took the virus seriously in the beginning because in my mind i was following WHO who was telling everyone that it is not a big deal and it will not spread and they usually changed their words every week. Online companies are making money during this pandemic while physical stores are suffering. The WHO made a wrong move because they do not treat the virus seriously at the beginning, lookout the HongKong where they did not follow the advice of the WHO where they immediately created a plan in order for them to not have crisis. Their country is currently covid free where all of their citizens are living just like before and their economy did not experienced any kind of crisis and recession. In my country, thousands of business are now closed because of the pandemic where millions of people lose their job. |
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@cryptocheckk You may not be working for earnbet but look back on this topic and see how many times you have written here  . I think it is only fair that people might think you are their worker or employee because you have written here positive stuff about earnbet ever since the topic started, hell you probably have more messages on this topic than earnbet itself, they do not come down here and talk about it as much as you do. At the end of the day it is understandable why people might think that you work for them if you keep promoting them like it is your own business and you want people to like your business, that is what you are doing probably at least once a week, usually mroe frequently. I like earnbet as well the idea is cool, but I do not come here and say that every week . Maybe he is just complimenting the services of the earnbet or maybe he is really working for earnbet but he already said that he is not so for me he is just amaze on the service and the features that the earnbet offering. Compliments are not bad but over compliment can sometimes not good for the eyes of other people but compliments are sometimes good also especially in the specific business because it is only proving that there are really people who are having fun to the services that they are giving. |
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Ask yourself first what is your forte or what is your edge in the market? Remember that you can only be profitable while being consistent if you will use the strategy that is suitable for you. Actively buying and selling in futures is more complicated so be careful because it requires more skills than holding. When it comes to holding just make sure that you will hold a certain cryptocurrency that is trending where its current trend is in uptrend because for sure that the price will increase.
Don't become blind just because a certain exchange is offering huge leverage, remember that the higher the leverage; the higher the risks so we should have plan especially in risk management if you want to do leveraging. Just use the strategy where you have more knowledge in order for you to be comfortable and able to make sweet gains in the market.
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Why not use some casinos that accepts trx doge or some casinos that accepts crypto coins/tokens that has low fees? Right now there are numerous crypto that has different payment options but if you don't have any other crypto on your wallet then you have to digest what's really the fee the casino requires.
I don't have to change casino of course, I change my payment option usually the likes of XRP as it's more convenient as well.
most of the gambling casino we have now accepting other crypto currency so I don't think thats the real issue of the OP maybe he prefer to use bitcoin for gambling but he need to learn now how to use other crypto currency as alternative if they want to have low fees to be use for gambling. If he knows how to convert his bitcoin to other coins, he will not have a problem in fees to withdraw the money. As you say, that now many gambling websites have the option to exchange from bitcoin to altcoin, which can help us to reduce the fees. It is no problem if he likes to use bitcoin to gamble, but it is better to convert it to altcoin if the fees are still too high. Is there really gambling website where you can exchange bitcoin into selected altcoins? If yes can you give example because I want now to use altcoins because of the fees that keep rising. As a gambler, withdrawal fees are also factor and I want a gambling website have that kind of features where you can directly exchange your bitcoin in selected altcoins. |
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You know what a good thing in gambling is? random outcome. But with what you said about Esports, Horce Betting, and same gambling categories, outcomes could be predicted especially in cockpits, when a cock is well nourished and trained, it could have a higher percentage of winning compared to slot games dice and cards which produces absolutely random outcome. Esports in addition is like this, players could have a huge difference in skills that is why team managers choose the best among the rest. Then what does this means? We might have a good profit if we aren't just bet. We also need to study and spectate player's improvement.
Gambling is all about probability so it is not pure luck and random outcome, a good bettor or a good gambler should have right skills and right mindset especially if the game requires skills like horse betting, esports and sports betting. There are some games where it doesn't require high skill level like playing dice games and slots. Patience with right knowledge can make a gambler to become a good bettor, there are some bettors who usually lose huge amount of money because they are not fully understand what are they into, they just betting through guess. If we have right knowledge and right mindset, we can create a strategy and plan that can help us to become a good bettor where we can have high winning rate. |
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I think it will not work, there are now a lot of senators all over the world that want to the tax the rich more but the rich people are always getting away with it because there are a lot of ways to reduce taxes legally. Look at the laws about taxes that been passed in the congress, many people think that the rich will be taxed more but in the reality the middle class persons are the one who shoulder the taxes that been implemented. There are a lot of tax avoidance that is legal and for sure that the rich will continue to use it.
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I believe it will not be effective for the government to limit losses to gamblers who play on gambling sites. Such regulations will make
gamblers and online casinos uncomfortable, because from the start we decided to play gambling of course we have to be prepared with
the risk of experiencing a loss. And most gamblers are adults who can manage restrictions when playing gambling, there is no need for
the government to interfere.
Acceptance is needed in gambling, losing can always happen and it will depend on us how we wanted to stop it. Government can't deal with online gambling limits since we can choose to play in different casinos. If there is a limit in one casino, then we can go in other casino which is useless for implementation of limits. A reminder of addiction in gambling and what it can cause to us can help for those start thinking of gambling. There will be no freedom if the government interfere to the rights of the gamblers and online casinos, they should not interfere because it is not their fault if someone losses huge amount of money in gambling. Every gamblers should be aware that there are 5 possibilities whenever they do gambling which is to win big, win small, breakeven, lose small and lose big. With proper knowledge and skills, a certain gambler can minimize the losses and maximize the gains. |
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if those newbies are really passionate about trading and want to learn more then they should start it now or never, we know that trading is not for everyone but for those who are really serious about trading then they should give it a chance, start with the low amount first for the first time to have a grasp about what you can do and dont be afraid of losses as you are gaining experience from there
It is really "now or never", how a newbie can learn trading if he/she will not try to make investment and execute a single trade. Newbies should accept the fact that there is a risks in trading where it is not easy money so they should expect that they can incur losses especially if they do not have foundations or what we can say prior knowledge about trading. Try to trade but make sure that you will begin with small amount of capital because there is a high chance that you can lose it. |
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