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You made a valid point OP. Aside investing in dependants, investing in people pays off as far as, they have a skill or knowledge about something level it up for them, give them that platform you benefit from it.
Also helping those depending on us is the best way to ease the any possible financial burden as well as make them independent. This way you create an avenue for growth and cooperation. If we observe UAE brothers or Muslims especially why they grow is because of the empowerment among themselves and they leverage on partnership.
Don't give them the fish, teach them how to fish.
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We saw a large correction and yes now is a great time to Buy more Bitcoin. For newbies and poor people this is a perfect time to work for BTC income. When we get back above the all-time highs you will have a great bonus in your new wealth.
Yh there is a correction,which provides opportunity for all not newbie or poor people. You just have to be cautious as you sound more or less gambling and hoping for price movement. If you read the thread you will understand how to go about investing in Bitcoin not some random believe that will aid you on your journey to invest and view long term which is the best approach. |
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I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not having the right approach and risk management, fundamentals...that affect your trades
Psychology plays an important role in controlling everything in our life. Our psychology helps us make decisions by analyzing environmental situations and elements. So our knowledge strategy management is all about trading by analyzing our psychology. Analyzing our Psychology in what way? Do you imply, Psychology is over than having an edge in trading? In trading,having the right knowledge and refining it. Will ensure your profitability, in essence build your skill set so that you wouldn't blame your losses based on psychology as other traders. You can read the thread to have more knowledge about the subject, as traders perfecting the edge is necessary as well as being fucking profitable no room for mediocrity. |
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I have good knowledge with crypto future
I get signals from groups on telegram
But i got idea to make profit daily
I choose some coins potential raise and open long positions on them and hold
For day until i get profit.. Is this good idea or let me know if there better idea
Funny thing about trading is that people use all kinds of strategies, even the so called obsolete ones such as RSI trading, Bollinger bands, support and resistance etc all work for someone that has mastered them..so if you have a winning formula that brings you daily profit then don't change it!!! Like the saying goes, "of it ain't broke don't fix it!" But personally I wouldn't be going for the daily profit targets because this puts so much pressure on your psychological such that should you have a losing trade this now turns to revenge trading then your risk management rules are thrown out of the window before you know it you lose more than you planned for.. so daily targets are a no for me...slow and steady wins the race!!! All strategy work, but refinement of such is what puts you in a very profitable position. I don't doubt you calling those strategy obsolete though as far as you get paid it yours not mine. But the question is for how long are we going to move from one strategy to another? In a simple word, OP need to study. Daily targets or not, ensure you're getting paid, and make every move to advance in this journey. |
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-When is it the right time to invest in bitcon?
-How can one start planning?
-How do you follow up your bitcoin investment and other businesses?
-What are the assurance that you are ready?
There is no right time to invest in Bitcoin, but during bull run is when people tend to get in it based off the knowledge you already have. Let say you begin your accumulation journey by DCAing is the regular and simple way to go, by that I mean keeping aside a certain amount to be use to our purchase Bitcoin weekly, quarterly and monthly. If you keep buying $100 worth of Bitcoin every week and discipline about it, this is a good start since you're still a newbie. Every investor have plans, and also take action based on that plan. In Essence you make your own plans suitable to you that can aid you in achieving your set targets and goals. Assurance that one is ready, comes when your already have the "right knowledge", and understanding of what you want to get involved in,not neglecting the fact that you will have to accept any setbacks and work on them to achieve more. |
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Whether we like it or not as well, gambling can't be pretended as an avenue to have fun without the temptation of making money, and if I may ask, how many people are even having fun in gambling or taking it as a fun-filled avenue? If there are, the percentage will be so little. This means that most people are gambling for the money and we can't eliminate the fact that so many people are professionals too and are making money through it. This is why I always advocate sports betting to make gambling easier and still override some of what you alleged gambling and the house of. But when it comes to the casino itself, then you could be mostly right.
I totally agree with you, I have said it over and I er again as this remains the truth we need to stop pretense that we don't all gamble to make money but have fun which sort of fun that couldn't be gotten from other activities,lol this is a therapy used to careless about losses made. Losses are certain. After a huge loss which have met your limit for that day, keep off till the next rather than revenging or breaking your rules. Well if you can't or endure the losses there is no need to keep gambling in other to preserve your emotional health. |
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Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work, so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?
Gambling is popular and legal in your country, are you sure you don't want to get involved in this because your colleagues are involved? Well, the percentage to be taken from your salary to gamble is based off on your salary amount, and how far the salary covers for any expenses before thinking of removing any to gamble as there is no certainity that you will recover. For me, I think 1% is ok, since you are a starter so no need to over leverage for now, till you understand what gambling entails. I would greatly advice if you have any other source of income, or discretionary funds you can use that to gamble rather than your salary. |
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We can't really tell, as both gender have different individuals as personality varies wether male or female. Some female are more emotionally balanced than Male, vice versa. This gears down to how each individual cope with losses and remedies they tend to use to avoid being wreck thus become addiction-free.
So generalization of this will be wrong, female are also strong and capable of some things.
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Hey house someone need a few clips here, don't know if a post of this exact nature has been discussed though.
In a situation where the both spouse are gamblers. Husband gambles, wife gambles, how can both of them manage the situation in terms of finance and the family affairs especially when children are now involve so that the time both spends on gambling doesn't affect family moments and affairs in general.
Would it help if one of the couple quit for the other and if that's the case who should quit for who.
Smiles, seems like a job lol. If quitting is an option both short quit as gambling isn’t a means of income or survival. The family solely depends on both and if both gambles without limitation wether one or the other the family will still get wreck. The Husband might use the money meant for household needs to gamble likewise the wife using money for cooking or purchasing items, shopping for children to gamble too. This could only happen when the person in question lacks self control, as well as the ability to get hold of their emotions, because if a gambler is in control of their emotions, it'll be very difficult to use money meant to sort another expense to gamble and hope to winning and replacing it. Such a person would know that gambling isn't sure and anything can happening the missile of the game, winning isn't certain and the potential of losses are very much there. Self control plays it own role,same time we are talking about family finance in which both gambles we have to be considerate as possibility of addiction can't be exempted and i gave possible scenario of how such family will run. In essence both partners gambling need to be very discipline and have self control as you have said,if this isn't the case such family is wrecked. |
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Bitcoin will definitely surpass the predicted $100k but it is no more anytime soon again even the price too is going down now and if the price was rising gradually then we would have known that the price will hit the $100k but as it is I don't think so. So the best is to be hodling till the next bull run again. And for now make everyone keep on buying and storing enough in their wallets. Bitcoin will rise again in this year and next year before it will finally go down to the dip and bear market again.
Bitcoin is very volatile, I think the major aim for price if any should be it surpassing the previous ATH which is $73k before thinking of $100k. The best approach is just accumulating more and hold according to your investment plans, but don't miss out consider this journey of investing in Bitcoin a lifetime opportunity. |
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Every one have their own Bitcoin investment goal just as you said . So when it comes to selling , it depends on the quantities of Bitcoin one have managed to accumulate (like having enough Bitcoin) and the profit too. There's a point one can get to , a point of having some good quantities. One can easily take profit anytime. So if one haven't gotten some nice quantities of bitcoin, taking profit won't be the right thing to do. That's why the best thing to do is to accumulate and hodl. And when the time come (maybe during the bull run) one may freely take some profit without selling all their investment.
Yh you’re are right OP, selling when one doesn’t have a good stash of Bitcoin in his/her portfolio is wrong rather such person should be concerned about accumulating and holding more bitcoin. I know we all have different investment plans but same time we need to understand that Bitcoin is a valuable asset which have proven itself and the need for consistent investing using DCA or any strategy convenient for you should be encouraged rather than buying, holding for a little time and sell later whereas you ain’t anywhere in you accumulation journey. There is a stage as you have said where we can then sell partly and also keep reinvesting, a maturity stage. Mango wey never ripe, dem no Dey touch am. |
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There are two types of people who learn trading, there are those who already have a source of income and are looking for way to multiple it so they choose trading as an option for them, while their others without any source of income but just learning to trade for the sake of knowledge and hoping that one day they will be able to make enough capital to invest into trading.
How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
How can you exclude the most important option which is having a job before trading and even you trade a side hustle is needed. Do you intend that such individuals such steal, commit crimes just to have funds to trade. Knowledge is the first and basic criteria no doubt but in as much as knowledge is important, you need have a source of income before trading so as to remove unnecessary pressure from yourself and avoid emotional discomfort during loses. Rule 101; In Trading Never borrow, try to convince strangers to use there funds to trade in anyway. OP, if you are inclined in trading I think you would have understood this better. |
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Hey house someone need a few clips here, don't know if a post of this exact nature has been discussed though.
In a situation where the both spouse are gamblers. Husband gambles, wife gambles, how can both of them manage the situation in terms of finance and the family affairs especially when children are now involve so that the time both spends on gambling doesn't affect family moments and affairs in general.
Would it help if one of the couple quit for the other and if that's the case who should quit for who.
Smiles, seems like a job lol. If quitting is an option both short quit as gambling isn’t a means of income or survival. The family solely depends on both and if both gambles without limitation wether one or the other the family will still get wreck. The Husband might use the money meant for household needs to gamble likewise the wife using money for cooking or purchasing items, shopping for children to gamble too. |
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Many where gambling not because they wanted to make money from gambling, but because they are more interested in having fun through it, they had prefer to spend their time and money gambling and this alone is a great achievement on them without minding if they win bet or not, such continuation is not because they are doing so to get addicted to gambling, but because they wanted to achieve their maximum goal with having fun.
Well the truth is that can't state that every body go for the money aspect but I doubt if majority who engage on gambling will neglect the choice of the money involved in gambling and go because of fun, it's the money that make many engage on gambling even to the point of addiction. I agree with you Mate. I do say that wether or not, Majority care about winning alongside the fun most gamblers crave for, it just a remedy used to offset them from thinking about the loses,lol. We can’t deny the fact that we will keep gambling and losing much in the process all because of fun, how??. For me, I would greatly advise that your friend clearly understand that losing is inevitable as winning is by chance. It up to him to decide and avoid getting wreck in the process of continuation. If it is sport betting, he should consider improving in his analyzing skill. |
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If we truly know that how we are gambling is being done in such a way that is expected of us to do, then we need not to care on what other people are saying concerning how we gambles, the problem many have is that they don't engaged in doing the right thing and still don't mind or care about what others are saying, we have to watch our steps from the way we are gambling, because other people are watching us if we don't know by ourself.
Since people have a negative idea about gambling, many people do not accept gambling well, due to which others people suggestions will never be acceptable. I gamble and i am self-disciplined, so I would not like to do anything according to others advice only prioritize my policy. If someone gives me advice on my gambling if it is appropriate I take it but if it goes against me I never care. Because gamble with my own money, I will not change my gambling behavior depending on someone's word. After I get any suggestion I will definitely analyze it and if it is good then I will consider it. I agree with you. If it’s a sensible word flowing along my own opinion I go along but anything aside that, it none of your business. I gamble with my own money not yours, you can’t teach me or say anything because I haven’t asked you for money to gamble before you focus on your business and leave interfering into other’s personal business and life. |
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Losing self-control is an event that is not at all profitable, if they lose control when gambling, it will clearly make them addicted to gambling, which will lead them to even greater losses. and this loss of self-control occurs because of their uncontrolled emotions which may be due to their wrong thinking too, they think that gambling can really give them an easy win, whereas the winnings in gambling are based on their own luck, no matter how They gamble hard, but if they don't have luck in gambling, they won't be able to win.
Maybe they can increase their chances of winning by doing some gambling that requires skill to play, because in my opinion gambling that requires skill can increase their chances of winning but doesn't change the luck portion. actually I think that those who lose a lot of money in gambling are because they want luck to be on their side by force, whereas luck is not like that, in fact luck will happen suddenly, I have experienced luck which can give me victory in gambling which I did. Just do gambling appropriately, if luck is on your side it can make us get big wins or even jackpots. Don't force yourself to continue gambling because even that doesn't guarantee that we can win, but it can certainly make us lose more money.
Yh gambling too much doesn't guarantee winning. But I don't believe we have lucky and unlucky gamblers. Everyone wins by chance present in such game or casino not by luck on your side or not. If we say luck does that mean others who lose because they lack a system, wrong analysis doesn't have luck or one can win as far as luck is on your side,lol. This confuses many, mehnn we win based on chance and our analysis on such game. Keep luck outside the box, when we lose we Loss too by luck,smiles. Do you yourself not believe in luck? What do you mean, according to you, winning at gambling is not due to luck, but because of the analysis you have, is that what you mean? Some gambling games do require skill to play them, but in my opinion these skills only increase the chance of winning, not to win with certainty, including with our own analysis. In my opinion, even that doesn't guarantee that you will win with certainty, because winning in gambling seems to be due to luck, including gambling that requires skill such as poker, blackjack or others. especially with slot gambling, what is clear in my opinion is that this game depends on luck. Luck can happen in everything, not only in gambling, even in everyday life luck can happen, but maybe subconsciously we don't know it and don't realize it. the reason why I believe in luck is because, I have been gambling for a long time and have never had a really big win like a jackpot, but with my brother who doesn't know anything about gambling and he was curious he only tried it once and got a big win or jackpot, From there I realized that winning at gambling was based on luck. I know everyone have there various viewpoints as I can’t bend you to believe mine. I understand that in every game we gamble such have a percentage chance of winning in other words probability which we all risk on, and if we win, it based on that chance present not necessarily being lucky or some sort of magic that happened. All game is programmed and run on a random probability aside sport betting, if your decision is surely according to the game programming at that moment you win, as simple as that. Everyone is entitled to there opinion, let keep sharing and educating ourselves more. |
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What is your opinion towards my research that online casino gambling has more of possesed players who stakes to make profits while the land base gambling is more of players who stakes for funs?
This is partly true, because when they go to a casino, most people want to enjoy the gambling atmosphere there. Sometimes just being there makes them feel entertained. Besides, the services that come with gambling at casinos are also very rich, including restaurants, bars, spas, and sometimes they also organize entertainment events such as concerts and music performances or comedy shows. There are more high-end casinos that also have swimming pools, golf courses or private amusement areas to serve guests. These are also the advantages of traditional casinos compared to online casinos. Online players often only focus on gambling without any other entertainment activities. And especially they cannot get the atmosphere of gambling, they just face the screen and the numbers, so profit is the only goal they aim for. You just made the best opinion outta of it. Online gambling is less fun and more of lone game with the aim to win also to have fun which can’t be compared to the social involvement in physical or land based casinos. It more entertaining and pleasurable as you gamble but also we must be cautious as those are tools to lure you to gamble out of emotion not a stance of decision and thought. Before you know it, when you get home you realize you gambled more than your limits same time enjoy all the events at the casino,lol. |
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If you buy a book or a course that make you learn about something that you want to invest, then its considered as investment before learning.
Seems you are confuse Mate. You did say buy a course or book that will educate you on your proposed investment option is it not after reading or studying the course you then understand how to go about investing in that option. How is then investment before learning?,lol. Understand a post before commenting, we are not talking about buying a book or course as investment in this scenario but in terms of monetary value. |
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If the kids are taking gambling more seriously than their school then they have to check out the parents if they're guiding them properly.
If you know someone personally OP that they've got kids or the kids themselves are more focused to gambling than their studies, report it to the school administrator and to their parents.
With too much usage of the internet is also helping these kids to get more of gambling and that's why, proper guidance and limit of their usage is a must which is the duty of the parents.
I agree with you. Lack of parental supervision is also one of the major factor causing the increasing rate of bad habit and practice in teenagers. If the parents play there role with a strong hand of discipline I doubt this will be the case at least the fear in the children will limit the extend to which they incorporate such habit. If those teen now take gambling as a source of income how then are they gonna live in the years coming. And again, parents are to blame. The thing is, yes, parental guidance is a big factor or responsibility of a parent so that their child's will not commit crimes or do bad influence and bad things that are not appropriate to their age, but we all know parental guidance or parents looking out for their child is not 24/7, meaning if the child is going for their child is not 24/7, meaning if the child is going to school then the child is out of the guidance of the parents. No matter how strict or how the parents guide their children, if the friends or the people surrounding them are a bad influence, then there's nothing a parent could do that. In short, if the child is in the right mind, he or she will not let himself or herself be involved in something like gambling, which may result in bad happenings following that. The parents should not always be blamed; they can't monitor their children 24/7. I agree that parents can’t monitor or be with there children all the time. But we won’t neglect the fact that a child with a good moral upbringing will be hard to crack with influence as he/she will tend to move according to the subconscious training. A child with love and care from parent will also open up to there parent in terms of need or any problem, I don’t think such child will have the intention of gambling which might lead to stealing of money just to fulfill the addictive nature. Parents don’t just train but also monitor the close friends, materials the children are exposed to, most of us didn’t gamble at that age or ever thought of it probably as a family man responsible for your won action you gave in for either reasons and disciplined on how you go about it. |
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That's why it's really important to manage your funds and allocate the money that you are going to play with. So at least when you are playin with the money you've won, then you are no longer playing with the original risk you've putted in. When you lose at this stage, you are just playing breakeven. No hard feelings when you lose unless you are attached with the money especially with the unrealize profits. Because money is a great tool to transfer and flow wealth. With this case, the money you are making also works for you.
That's right, of course we have to be able to manage the funds we have won from the bets we play and for some gamblers, in this case, of course, after getting a win, they will take the winnings just to have fun and forget about the losses they have experienced before. and only a few people can properly manage the money they win from the bets they play, betting again with the winnings we get does not put pressure when we place a bet, but we must be able to keep playing without being greedy so that we don't regret it if you experience defeat, what you said is very correct, money is a tool to provide wealth and if we want money then we have to do work, not by gambling and hoping to make money and it would be better for us to think of gambling as a place to have fun. True. No one with a good sense of judgement and thought will think gambling is a place for a sustainable source of income. In as much as we risk fairly with a plan according to our risk tolerance level, and be disciplined enough to quit once our limit is meet this will help us in terms of money management. I support your opinion of not getting too greedy while playing in order not to use our winnings and also our personal funds again which is bad, for me after a win I do quit and use the money for other projects or allow it in my account and withdraw my initial amount this keeps me free. |
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