For anyone who "missed" out on early prices, the current market is basically like traveling back in time 5 years. I'm still shocked that friends I have who basically buy the top every 4 years and sell at a loss aren't holding anything right now. That's as good as sign as any that you should be dollar cost averaging into the market right now. Sure, there's still some downside risk, maybe as much as 50%, but the upside to me could potentially be 20x from here. That's a hell of a good bet as far as I'm concerned. If you've been on the fence and reading about Bitcoin for years, now is a good time to start dipping your toe in the water.
Dumb decision or totally crazy things been done eh? You would really be boggling up your mind on how the hell these people do consider on panic sell on a bear market which we do eventually know that recovery is always next online? Yes, having these reactions or emotions are pretty common.We dont like to lose money with our investment but with the volatility aspect or behavior then those things could reversed out. Speaking about those early days or years prices then there's no way we could take it back.This is why some people do keep an eye on altcoins yet we cant really be having those 10-100x multiplier of profitability.We might be seeing bitcoins price on shooting up 3x-5x on some long years and not all would be that patient enough. |
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What's your favorite thing to do when you get a bad loss?
It sounds like a redemption in the same day lol. There's nothing much you can do with a loss anyway, regardless how huge or how small it it. A loss is a loss which kinda normal in gambling. You should move on,. it's not the end of the world though lol. Cool your head off before you get back to gambling and try to redeem that "bad loss" of yours. For those people who have supernatural beliefs, gambling with heavy feelings does not attract luck. When you do make yourself get involved with gambling then you should really be making yourself that prepared for losses because you would eventually be flooded out by lots of losses. Gamble when you do seek for fun and dont make yourself that believe that you could really make money with it on assured manner which it cant really be that possible. Some do easily move on but there are people which are really that impulsive or highly reactive when it comes to gambling or simply losing money which its never been recommendable because you would likely do lots of mistakes or further bad decisions you would be making along the way. |
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The positive competition will reflect on the reputation of the products so good competitors would still win in the end.
Competition is good for business like you said good product are achieved but not only products, price also goods down or stay reasonable price not like in the monopoly of market, the sole manufacturer choose good price for himself and not caring the pucket of the buyers which is the customers or end users. Competition is the main ingredient in capitalist market system. This kind of market system give opportunity for businesses to exist for better service to the customers. Competition is good for the customer but not for the businesses, believe me if they could every single company out there would like to destroy their competitors and keep all the market for themselves as in that way their need to be on top of everything will be reduced significantly, and even today monopolies exist, it is just that they have given themselves a more friendly look so we do not think of them as monopolies anymore, and what better example of this than Google or Facebook. Competition do really creates lots of options for us consumers but it would really be a huge challenge into those businessowners where they are really dividing or trying out their best to get some marketshare Its not really that surprising because there are really people who would really be tend to create a business which would really be possibly for them to have other source of income. Making new ideas is a never ending process because all of them are really that finding new ways and products to be offered on the consumer market. Its an advantage for us buyers but not for those business owners. |
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I can only give advice to stay away from option trading because option trading is the same as gambling,
I know Binance also provides this trading feature but it would be better if you avoid it,
not just like gambling but you can lose all your capital there if you trade wrong.
No trading that is not involve risk measure, so comparing trading as gambling will give you a setback, so therefore what you suppose to do in trading is to scrutinized or understand the basic concept of trading before you could venture into it, because from my perspective i confirmed that trading involve many measure to make it to be successful, so therefore it needs more attention or focus to study and comprehend immensely to the disadvantages and advantages of trading, anyone who jumped into trading without knowing the rudiments of trading will definitely ends up with a negative results via trading. Always make yourself to know at least the basics whenever you do deal up something new or you dont really have any knowledge at all but we know that there are certain trading types which does have different level of risk and this one which had been pertained on OP was options trading which we know that this is really something that cant be deal off with anyone and its nature where decisions should be making is really involving on very short duration.Even you do consider yourself to be veteran on trading but doesnt mean that you would be high chances of profiting on options trading. I have tested out for myself on how risk this type of trading is which is never been recommendable for noobs. |
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That's not greed. That's FEAR of not receiving any money from what actually is a free giveaway. Which also loses the real purpose of the giveaway in my opinion. It's supposed to be for fun for the community, not for receiving money to take home.
Well, its a wrong use of the term "Greed"  Yes, i do agree that we are really that in fear but that impulse inside of yours which you shouldnt really be sharing up or would like to solo that giveaway. Giveaways is for the sake of entertainment and further enjoyment of a certain game on a platform but there are people who do see that it could really be a money which they could go home without even thinking that there are particular wagering requirements attached into it. |
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this year wasn't that good for bitcoin, for me now its time to buy and hold as much as i can of bitcoin i hate taking small profits so i rather do swing trades and sell on top, i also believe that for bitcoin there is no good or bad time to buy if you are a believer in bitcoin and what satoshi created you will always support it, in the same time bitcoin used as a way of transactions shopping and buying things anonymously and not just to trade it as a gambler
The fact that the market is now in such a situation and there are even advantages in this, all people who have free money will take advantage of the opportunity and buy into their portfolio those assets that have fallen significantly in price, The same bitcoin is now worth buying with free funds. Surely they will take advantage of this moment to buy in the hope of making a profit later, but still we have to do research first before investing or buying, indeed we don't know when the market will rise and maybe we can only be patient in a situation like today where the world is in a phase of entering a crisis, of course, this impact will certainly happen to bitcoin. so we are not surprised the period of increase from bitcoin will enter a fairly long time phase. it is not impossible that the halving period is a moment to look forward to and there is nothing to look forward to this year, bitcoin will always move unstable. agree that this is the right moment to continue buying bitcoin, the consequence is clear that the funds needed will be very large, because a very long time will occur for bitcoin to improve so not only patient but also prepared to continue to set aside funds so that you can continue to buy for investment. It is really hard to talk about bull run on a condition where economic problems arises not only on certain point but on most major things that had been affected which it would really be safe to presume on what are the effects on things that are surrounding on it.We've been speculating before 2022 enters if its the best time to buy or sell but it turn out that this had been a bearish market. So significantly means that it would really be the best to buy or enter but this decision isnt something that someone could easily do considering market unpredictability will really be creating those anxiety and doubts which is really that very common. |
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Maybe they have their skills into researching but they don't want to do and implement it because they're lazy. Laziness will really let them fall into those traps even if they can be aware of these projects and fake content creators that are just shilling them projects.
Anyway, we all have ways of learning. The others are choosing as early as they can to learn, while the others, they're waiting for their mistakes to manifest before they learn a lesson.
They're choosing the harder way instead of listening to the advice that has corrected them and would have avoided those negative results.
Laziness is indeed a factor that makes a person unable to develop and stay where they are. No matter how great and professional they are if they stay lazy they will just walk into that place without being able to get out of their zone. We all have our own way of learning, and different learning processes will have different outcomes as well. Maybe you can learn as early as possible to master how to do good project research so you don't get caught in the trap. But some people prefer to get caught up in mistakes first so they realize that early knowledge is better than putting other people's words forward. But still, the main goal of all of us is to make a profit and expect a bull market to occur. People are indeed different when it comes on approach when it comes to certain things, some might really be just waiting up for them to experience some errors or lost of money before they do learn or there are people who do really tend to see and avoid those things which other people had committed or something that they do learn on someones mistakes and this is why they do really able to make actions which based up on those experiences.You would definitely not able to avoid some circumstances though but at least you had done your part and be wise on every actions that you would take. You arent really gonna improve if you do make yourself that lazy. |
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Let's say you join a give away with other user and both have to select a number between 1 and 10, you go for 7 while he goes for 9. The winning number is 8.
If the prize is 0.1BTC what would you do? Split the prize and walk away with 0.05 or Reroll to gamble for the full prize?
I say it depends on the situation but judging the said scenario, I'm already lucky to win half of the prize and re-rolling it again doesn't guarantee that I will walk away with the full prize because my chances aren't that great too. Plus, in my situation, that kind of money is already huge as it would take me few months of labor just to have that amount. If you are living on a country which dollars is really indeed valuable or high then you would be basically be agreeing on split and would already ensure that you had the money rather than on making yourself fight on having a re-roll just because you do believe that you could get the entire amount on next roll which is really indicates that you are just being too greedy. Well, everything would be depending on the organizer if ever they would decide to split up the prize in half with other winner or simply re-roll just to have that 1 winner. How can it be being "too greedy"? It's a giveaway with having no personal financial risk for the player. Giveaways are supposed to be played for fun without any expectation of winning anything. Being greedy, or being an "opportunist", would be to join the giveaway with a profit-motive. I know participants are incentivized to join, but the prizes are supposed to be just a bonus. Greed on the sense that you would really be liking to get that whole amount or bonus and wont really be tending nor like to share it up with other people Ex. 2 person. It might be a bonus but there were people who do really treat up that it was their money or something that they should own. It might be that wrong on general perspective on using up the word but when it comes to impression it is really just similar or the same sense. If you are that contented on 0.05 then you would look for something bigger since you do know that there are chances. |
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Hello guys just don't get me wrong. As we all know that one day we have to die. So for this I was wondering that if we have at east 1 million dollars in cryptocurrency or just couple of buck like me  and nobody in our family and also friends do not know anything than what should be the possibility. I think that's the reason still there are millions of BTC that are still missing cause of lost key or dead Bitcoin holders too. I think we should at least make backup file and should transfer in Bank Safe so that when they receive than they know how to retrieve it. Still not getting Any merit 😁 The challenge is that unlike Fiat that is kept in the bank, cryptocurrency holders usually do not reveal their key phrase, so it becomes difficult to transfer the assets to a next of kin. Another thing is that some country do not approve of cryptocurrency meaning you can't store your phrase with the bank. Challenge will not be a challenge if you have trusted guys in the house and tell them up early where your private key stored. For sure those peoples who love you know what you are doing and tell them early what activities you are on so that they will be more aware on it. If country does not allow it then there are so many ways to store your private key and you can write it up on your notebook so that they can easily access it when unfortunate things happen. Just let them know on where you do store up those notebooks or whatever writings you would really be that storing those keys but its really something that is risky but well everything does have the risk even storing it digitally or on a ledger or something because it all matters on how knowledgeable into those people who would really be accessing later on when you are already dead. You should really make yourself that be prepared because we are thriving on earning money for them but i dont really have the trust on exposing my keys when im still alive yet there's always chances for them to access it not on the right time. |
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I think the point here is the act of gambling and not literally the gambling games. OP is just trying to point how risky crypto trading that almost like you are gambling your chances of winning. Crypto trading is a very hard profession due to its volatility which is why it’s always being incorporated in gambling nevertheless it’s really different in gambling since this is buying assets and hoping it will go high while gambling is just relying on chance to win.
This is why some common people think about crypto trading which is almost synonymous with trading. Because it depends on how a person trades properly, not prioritizing greed, because trading that is carried out in extreme is equated with literal gambling. Trading like this will be very risky, without any management and strategy. They just trade buy and wait for when it will go up or when it will hit the price they want. Staying away from this kind of trade will save your money and your mind. Very wrong misconception specially to those who are complete newbie or have zero knowledge on what trading is all about.They would really be having that impression that trading is just an easy buy and sell of coins without even realizing that its never been hard unless if they do have the actually experience but let them be because sooner or later they would really be that able to know on how risk trading is. I do agree that it does have some sort of gambling whenever you do make out decisions or positions which it doesnt really have any analysis on it or simply a guess because of guts and intuition which is never been suggestible. |
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Let's say you join a give away with other user and both have to select a number between 1 and 10, you go for 7 while he goes for 9. The winning number is 8.
If the prize is 0.1BTC what would you do? Split the prize and walk away with 0.05 or Reroll to gamble for the full prize?
I say it depends on the situation but judging the said scenario, I'm already lucky to win half of the prize and re-rolling it again doesn't guarantee that I will walk away with the full prize because my chances aren't that great too. Plus, in my situation, that kind of money is already huge as it would take me few months of labor just to have that amount. If you are living on a country which dollars is really indeed valuable or high then you would be basically be agreeing on split and would already ensure that you had the money rather than on making yourself fight on having a re-roll just because you do believe that you could get the entire amount on next roll which is really indicates that you are just being too greedy. Well, everything would be depending on the organizer if ever they would decide to split up the prize in half with other winner or simply re-roll just to have that 1 winner. |
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I hope so... $12k to $15k is a bit low but if it will happen then that's a good time to buy even more. Maybe that might be possible since in the last bear the lowest price was in $3k but we just have to be patient for that to happen and there's no need to be hasty for everything since it will eventually go there. Everything is just about waiting and see how long it will take to change the market price.
Just like what the above said "time" will move everything.
The lower you have to buy the more you buy and don't miss it... but if you want even lower then be patient and wait for the right time but for me Bitcoin can't be as low as $12k so that moment is not in my mind even though in the future it will happen but I don't care if I have spare money to buy then I buy again when the market price has changed, but my average purchase is $19k which is quite low in my opinion. Yes, time will move the market price, it may go down, it may go up, it's our decision to stay patient. Patience would be mainly tested out when you do deal up with crypto space specially with Bitcoin.If we do speak about factors that make the market to move upward then it would definitely pertains about recognition and adoption and overall everything is totally random which we cant really able to precisely tell on when it would happen.Whether on some bullish fundamentals or would just simply make out some random movements which is really that a very common behavior. This is why its really that important that you should really be making out some accumulation while the market is still on bears. |
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I voted Yes because my “gambling” is never tied to dollar amounts. If I were playing slots it would most likely be because I was extremely bored and didn’t feel like doing any real work. So it would have more to do with how much fun I was having and how much time I had to kill. If I doubled my money, I’d probably be having fun so I don’t think I would stop there.
Whenever you do make use of a fund or money which is intended to wipe off your boredom then you wouldnt really care if you would lose or win.You would be minding on how to prolong such session It does vary on a certain individual because there are really that times which we do mind off about on to make money and secure out but most cases we are playing more just to have more. Stopping is something a main issue for most gamblers which you cant really that able to immediately do such action specially when you are already that greedy. |
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this is pretty promising but i seriously wouldn't recommend buying any crypto in this bear market phase. from a newbies perspective it might seem like a good idea to purchase since bitcoin and other alt/shitcoins are plummeting in price, but isn't that kind of like catching a falling knife? why would you want your hands to bleed on its way down? instead, why not wait til the next crypto bull market phase and capitalize on gains when the price is ACTUALLY rising and exit safely...
Buying bitcoin in a bear market is good and it does not fit your description of catching a falling knife, that is the mistake people make of not buying bitcoin when it is cheap, but they start fomo buying when the bull run or pump starts, if newbies want to invest in bitcoin, then the winter period is a great time to do so. Though people should not buy altcoins during crypto winter season, altcoins are mostly not useful except for pump and dump, so if you want to take the risk with them, take it when it starts to pump and sell very fast before it dumps. People never ever learn and this is why they do really make out some regrets and been whining whenever the market do make out some recovery.This is why its really important that you should really be analyzing on things which it would be sensible for you to get in or accumulate cheap coins when everything is crashing or into their all time low. Just to mind off and believe that the market cant really be just be moving on bears forever.It might took that long but its impossible that we wont really be able to experience bullish market. It do really matters on how you do make yourself that wise when everybody is fearful but of course you should always mind off the risk since future is never been certain. |
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Education is not the only key to success anymore, then we all be believe that, if we don't go to school, we can't make it, the country is something else, we should find all means to be a successful person in life, education is good, but we have to find all means to make it, country which a graduate is riding bike, someone that spend thousands of naira to go to the school, is now riding bike, imagine,
So is always good to invest in once self, than working under someone, which you won't have time for yourself,
Just an advise
Education gives you the opportunity of landing a successful job in the future. While it may not be an absolute formula of guaranteeing you a job, it gives you, however, more chances of being successful. Some may argue that finishing education is immaterial in becoming rich- while this may be true, the chances of one not completing education and becoming rich is significantly lower compared to someone who finished school. Bottomline is, go to school and finish your education. While some may not see its true value, you will definitely see its effects once you graduate and look for a job. And of course, don't forget to always invest in cryptocurrency since its value may potentially skyrocket in the next halving this 2024. Not only a job but also it does really give out that knowledge which would really be helping you on surviving daily living.If some says that education isnt that important then its a wrong perception to have. You cant have a degree but eventually learn up things but totally different in terms of intellect into those who do have finish their studies but somehow when we do speak about guaranteed jobs then this wont really be giving out assurance thats why some people never ever consider on finishing a degree or on whatever reasons that they do have behind. Education is important which it would be a solid fundamentals on living out. |
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~snip~
Based on this announcement, Twitch will update their policy on 18th October. They aren't going to allow the streaming of casino games. They have also mentioned the name of some casinos in the announcement, Stake is one of them. But Stake has announced that Drake will stream the casino games of Stake on his Twitch account on 17th October 1 AM GMT. Drake vs Stake - Round 3
Drake is back on Stake this Sunday, live streaming insane high roller live casino betting!
Sunday 9pm EDT (Monday 1am GMT) on Twitch @ twitch.tv/StakeDrake
Drake will be giving away another $1,000,000! To enter the chance to win, ~~
Seems like Stake.com is trying to take the benefit of the current policy of Twitch to make their last stream there. I'm wondering what Twitch team will do during the stream of tomorrow  I also saw this announcement a few days ago, the last streaming... I didn't watch it, 1 am is pretty late for me! I was wondering if they were going to announce the next streaming place, did something like that happen? Was it DLive? And one more thing I'm interested in, did they force the story about the next place? I guess Drake is really rich, but some casinos had pretty young streamers gambling with millions like crazy... with $10k bets and higher, buying bonus rounds with 6 digits numbers. And before they lose everything they "magically" get lucky and recover with a nice profit on top! I think that casinos will not quit this kind of marketing, the only question is where will they move after tomorrow? Only few hours left before they would really be leaving out Twitch and we would really able to know on what platform they would really be hopping on but surely it would be one of those most common streaming sites. Speaking about Drake then he wont really care on where he would be hanging on and have those streams but its true that Twitch is really just losing some significant part of streams that they do have in their platform but well its their company then its their rules to be followed.They dont just really like for their reputation to be tarnished out even though it means on removing gambling streams. |
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BTC's circulating supply is now 19 billion out of the 21 billion caps.
Is it possible to calculate how much the price of BTC will go up until it hits the 21 billion cap?
I know there is some complicated math you can do about circulating supply, market cap, price etc, it's all connected,
How can I calculate the price potential of BTC within the next 1-10 years?
This is impossible to do, we must remember that the price is an aggregate of what everyone in the market is thinking about the price of bitcoin, this means it is not controlled by a single person or indicator but by millions of people all of which have contradictory beliefs, needs and wants, so predicting accurately what the price will be over the long term is not something that can be done, you could make some calculations which could give you a range, but that is as far you will be able to go in your quest. So many people owns btc but if there are people who owns large quantities of it then I think it's possible for them to influence the price if they will sell it. They can be called as a whale. Many of us only want's to earn so we buy more btc and then hodl it but there will always be whales which are against with what we are planning. It's kind suck though. Other than the whales, there is also bear market but I think this one is mostly natural though I think a whale can interfere with it making the bear moves un naturally or making the duration more longer like on what we are experiencing now. They say it was only a 4 year cycle but I don't believe on it. Yes, the whales can influence the Bitcoin market but after the institutional investors have joined the Bitcoin market the level of the whale's influence in the market reduce. A single whale can not influence the market like what we used to see back in the year 2017- 2020. If you follow the whales alert you'll see a lot of whales movement which shows no significant effect on the market. Back to the OP question, it is hard to predict the price of BTC in 1-10years but if you're good with using the BTC 4years cycle you can have a good guess. Trying to look back into those earlier years then it cant really be denied that manipulative actions of whales do really make out significant impact on the market but it is indeed the market now isnt really something monopolized where the community is been composed by huge numbers where manipulative actions cant really be something that be done easily.You would need tons of billions for you to move on the market. Making out conclusions about on where price could actually go then its actually hard and we know that this had been mainly the questions been asked on where we are going and would be reaching on years to come. |
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There's nothing happening with gambling projects if crypto will be regulated. Im sure that the regulation will be putting its focus into the taxation for crypto users and AML. The gambling platform just need to follow what will be did by regulators. It's quite easy to follow the regulation.
I think this will not become a serious problem for the platforms that are also supporting the crypto.
It will not create a problem as long as the gambling casino is transparent and has no hidden reason on taking an advantage over their players. However, with a lot of regulations around, I guess casino operators will be more pressured and will have less chances to maximize their profits as government will always ask for their share like putting taxes on every deposit and withrawal made in the casinos. Whenever you do build a business then expect that taxes would really be imposed or already automatically part of it which it would really be just typical or something normal.There's no way that you could avoid taxes specially on business which do generate huge income or making huge revenue.When it comes to laws and regulations then expect that regulated or centralized platforms will really be following some sort of rules or guidelines so that they would really be able to continue to operate and if not then expect on what would be the violations that will be imposed or something that they need to pay off due into that violation which is something that they dont really like for it to happen. |
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Thanks Playbetr and Hhampuz for the ride which is indeed smooth and without any problems.
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Ethereum Drop is only a correction, as long as the price of $ 1000 can survive The Ethereum drop will not last long,
but if $ 1000 is broken then of course this will be a special concern,
because the price of $ 1000 is a strong support price for Ethereum, so don't let your guard down.
Not really, in June when bitcoin dropped to 18k ethereum also dropped below 1k but then everything stabilized back above 1k. Even if ethereum drops more in my opinion, that's better than bad, it's an opportunity to buy a lot of ethereum cheap. It can be said that ethereum is like bitcoin, so no matter how deep the drop, it will rise again when the bear season ends. As long as people can be patience and they shall buy the major coins as their holding but the problem it since it was being so difficult to make sure that if people are still able wait for next years. The bullish trend will always come after the bitcoin halving but it seems like the main problem is this time crypto is always rely with movement form the stock market. Cryptocurrencies now don't follow stock market movements, there's nothing to do there, cryptocurrencies are going down because the bearish season has arrived, especially since the world is currently experiencing inflation, so cryptocurrencies are also affected, especially Ethereum, which continues to fall, which follows the price of Bitcoin. for the fundamentals of Ethereum you don't have to worry, because the future of Ethereum is still very long. Economic condition + Recent Bearish market then you could really expect something like this and it is really likely for it to happen even ETH did make out some updates or recent changes. Updates or changes on particular projects doesnt always mean that it would really be increasing its price.This doesnt work on that way and this is something that investors or someone who did make some purchase of crypto coins should really be prepared.Not everytime which your plan would really be going smoothly and this is part of the risk. |
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