Copy trading is like a playing in Casino, where someone else makes bets with your money. Trading bots are safety, but useless. You can make the same with your own hands. It seems that much smarter would be investing in liquidity pool, for example. Or even just holding your btc.
^In short, copy trading is beneficial for inexperienced traders who want to participate in the financial markets by replicating the trades of successful traders. It offers accessibility, a learning opportunity, and the ability to diversify portfolios. While trading bots provide automation, efficiency, and the ability to operate 24/7, making them suitable for those seeking a more hands-off approach. They can execute trades swiftly, backtest strategies, and operate even when you're not actively involved. The choice between copy trading and using a trading bot depends on our preferences and what level of trading knowledge we have. |
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I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?
I don't think there is any good answer the way that question is structured. If you make $100k a year but your bills are 100k a year then 0% shoukd go towards gambling. On the flipside if you only make 40k a year and your bills are only 5k or something small a large percentage can go towards gambling. The right answer is no matter how much money you make only gamble with what you are willing to lose and that doesn't dig into your life's bills ^ I agree and the big question is how much money should be allocated towards gambling depending on various situations, such as one's income, expenses, and personal priorities. It is very important to consider the overall financial picture and not solely focus on the income aspect. For instance, if someone earns $100k per year but has bills amounting to the same value, it would be unwise to allocate any percentage towards gambling. Just because if someone earns $40k per year and has relatively low expenses, they probably be able to allocate a higher percentage towards gambling if they choose to do so. However, the key principle remains the same for me, only gamble with an amount that you are comfortable losing and that does not compromise your financial obligations as I said early, there is no appropriate percentage for gambling activities. |
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Following all of these will not guarantee you to perfectly predict the price all the time. Sometimes, the market becomes unpredictable and uncertain so you have to analyze the market well before you can correctly predict how it’s price will gonna be. And let’s just accept the reality that even experts in reading and analyzing the market, can’t actually make a good price prediction always especially that the crypto market itself is hard to predict whether it’s gonna be bearish or bullish.
There is no such perfection but as we gain more market experience, that's possible it increase our chance to right. But as we are talking about newbies, that is certainly impossible - that's the reality. Yes, even they have to follow those tips that OP had mentioned but I'd never think we can see consistency from doing it. However, from time to time, as long as they have the spirit to learn, they can gradually improve it and of course, it will take time. That is why we should never underestimate trading and if we wanted to succeed, then must have to focus on doing it and study all the things needed. ^That is definitely right and I must agree here. Perfection may indeed be an elusive goal, especially for newcomers in the market. Newbies may find it challenging to achieve consistency right away, and that is the reality they face. Because trading for me should never be underestimated, as it demands a focused approach and comprehensive knowledge of all the necessary aspects. Success in trading comes to those who are willing to put in the effort and study diligently. So, while perfection may be an unattainable goal, continuous learning, and dedicated practice can certainly lead to become your improvement or success. |
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How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.
^By holding BTC, it will not grow by the amount, it will grow by the value of a dollar when the price goes up. One proven low-risk method is through a strategy called Dollar-Cost Averaging (DCA) when buying BTC and DCA involves regularly investing a fixed amount of money into BTC over a set period, regardless of its price fluctuations. Because by employing DCA, you can reduce the impact of short-term volatility and potentially benefit from the long-term growth of BTC. This method allows you to spread your investments over time, avoiding the risk of buying at a single high point. It is a disciplined approach that aims to minimize the impact of market timing. |
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I have heard the advice that you should only use money you can afford to lose for gambling. I say that this is more theoretical than practical. Literally no one has money that they can afford to lose. I feel that money for gambling is a matter of opportunity cost. You either use the money for gambling or use it to meet a need. If using money one can afford to lose were practical there will be no need for articles on having a gambling budget or bank roll management. Hey gamblers my question is to you now is, the money you currently plan to use for gambling is it money that you can afford to lose?
^ Yes of course! It is true that for many people, any loss of money can have an impact, the purpose of using disposable income or funds that are not allocated to essential needs is meant to minimize the potential harm. Because for me, it is about balancing the desire to gamble with the responsibility of managing one's finances. But this question depends on both individual gambler that has priority management and those with less financial expenses will have a big amount to allocate in gambling. It is very practical to have a decision like this. |
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~snip~
Since I been member here for couple of months, you see many sportsbetting website using this "KYC argument" when players want to cash out big winnings, so I don't want a casino that allow me to gamble and deposit but not withdrawal my earnings, be honest and you will get honestly and loyalty from me as a customer.
So now I am asking all people on the forum, where do you play and do you recommend me to play there to? (You can link affiliate is totally OK for at least me) but be honest in your intentions!
I am not a high roller, but I play quite a lot monthly...
^I think this is what you want, a list of gambling casino withdrawal fees. https://bitcointalk.org/index.php?topic=5333602.0Since you are talking about withdrawal, that is quite good if you know the fees and also what is the coins that supported to deposit. I will not recommend any because I want you to do your own research on which casino it is and make sure you are reading the TOS before using the casino to avoid KYC problems. |
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Trading is totally different from gambling even though it involves luck. You trade for one reason and believe in the potential profit you will make after doing some research or analysis, but gambling is something different. Price volatility due to supply and demand allows traders to make profits, while losses occur for the same reason. But there are some similarities between gambling and trading, but these two risky activities are completely different.
There are several types of traders who have something in common like gamblers, they are traders who only expect price fluctuations without doing research and analysis before buying. While traders who do research and analysis also rely on volatility, they trade because the assets they trade have the potential to be profitable for one reason or another. Use cases, adoption and such are all driving factors, so it's not a gamble.
^ It is quite a reasonable answer for me. For me, although there may be some similarities between trading and gambling, such as the presence of luck and the potential for gains or losses, they differ significantly in their underlying principles, motivations, and strategies. Trading is a disciplined practice that relies on research, analysis, and market dynamics to generate profits, while gambling is based on chance and offers limited control over the outcome. One thing that both have similarities, is both involve an element of luck. |
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I don't really remember my first experience with gambling, but I can only say that I felt really happy when I won the bet for the first time. I wasn't a serious gambler at first, it was just trial and error out of curiosity, but slowly became an addiction.
I am a fan of the lottery, as well as slots, dice, and sports betting, but so far I don't gamble as much as I used to for one reason or another. Although I can still bet on some football match, but that's only when I really feel like doing it for fun. I don't expect many wins, but fun is what I want in every bet I make.
Obviously everyone will say as you said that most gamblers will be happy when they get their first win. Honestly I can't explain how I got to this point, I'm addicted but not too bad because I still think about the bad effects when I make too many bets. So I still have a few restrictions on entering the nominal I will bet. I am sure that most gamblers will not realize that they have come this far in gambling, they don't really care about how much loss they have gone through because all they have in mind is a win. I am also happy if there is a gambler who still gambles based solely on pleasure, because of course they will not be too focused on a win so they will only play when they want it for fun. ^As I have seen, it's commendable that you have developed some level of self-awareness regarding your gambling habits and the potential negative effects. Maintaining restrictions on the amount you bet is a good decision that can help to avoid the risks associated with excessive gambling. It is true that most of us as a gambler may become so focused on the pursuit of winning that we overlook the losses we have incurred along the way. I think this mindset can be detrimental to one's financial and emotional well-being. Recognizing the importance of balancing the enjoyment of gambling with the potential risks is a positive step toward responsible gambling. |
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I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?
^As long as you can afford it I think there is no fixed percentage that universally applies to everyone, as it depends on various factors such as your disposable income, financial goals, and priorities. Because for me, many responsible gambling guidelines suggest that limiting your gambling expenditure to a small portion of your income is a good decision. For a responsible gambler, setting aside 2% to 5% of their total income for gambling may be considered reasonable. This allows for recreational gambling while still maintaining financial stability and minimizing the potential negative impact on your overall financial well-being. Remember that if allocating a higher percentage of your income to gambling would create a financial strain or put you at risk of financial instability, it is advisable to consider a lower percentage or even abstain from gambling altogether. |
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What could make you get into a fight with your fellow gambler? And would you agree at anytime to double cash with your fellow gambler to place a bet using his account, on the notion of increasing the potential win.
If he gets my win of course, but I will not deal with any gambler on a casino especially the one who is not familiar with me and the risk is there, even if he asked me to double my bet and he will gave me the money, i will still not allow it. Every time I go to casino alone as much as possible I want to have my own space and talk to no one, this is me enjoying gambling and I hope every players can respect that. ^That is the point and trusting someone else with your bets and finances can introduce additional risks and potential complications, especially if they are unfamiliar to you. Maintaining control over your own gambling decisions allows you to have a clear understanding of your limits and ensures that you are solely responsible for the outcomes. For me avoiding arrangements that involve sharing accounts or doubling bets with others, you can avoid the potential for misunderstandings, conflicts, or financial risks. Because respecting each individual's personal preferences and boundaries is crucial within the gambling community. |
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Oh wow so Moneypot is back! I used to pay there back in the day, welcome back. Lets see if this time goes any better, i hope it does. The site looks good, ill be sure to give it a try
^Yes this made me confused, I researched it in the forum which seems familiar with this name and you are right, they are here before and it was under the ownership of RHavar but he announced in this thread, https://bitcointalk.org/index.php?topic=1302623.0 that Moneypot.com was under new owners control in 2015. So my question is, is OP a new 3rd owner of this gambling casino? But by the way, welcome back to the forum I think they are not new here, just follow the suggestion above for the marketing ads. Hi DoublerHunter, The domain moneypot.com has quite a rich history, but just to be clear I purchased this domain and have no affiliation with previous owners. To my knowledge there's been 5 owners (me included) and has been used for various things. I bought this domain because it was originally used as the very original "crash" game, and when it had invented crash it used a "dynamic house edge" which is something I am hoping to re-popularize. Thank you everybody else for all the feedback! ^Thank you for the clarification and being actively answering their queries which gives benefit your gambling casino to start to gain trust. Speaking of re-popularize, I think you need a kind of marketing ad on this, do you have a plan to run a signature campaign for your company and establish your brand name all over the forum? That way will surely you will achieve your goal that to become re-popularize. However, good luck to you and your business. |
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Do you know that what makes people to be addicted in gambling is when they have no job and all their hope will base on the wining gambling to survive, so I believe another thing that make people to be gambling addict is when they win a reasonable or large amount of money and win for the second time, that will make someone to consistently participating in gambling. Someone who has tested gambling and win will not have a limitations of gambling, you can only control your serious in gambling during the time you started gambling how you take the gambling serious, so who started with inquisitiveness will be end up being a gambling addict
^That is relying alone on gambling and you are definitely right. Addiction to gambling can indeed be influenced by various factors, and the absence of a stable job or financial security can contribute to it. When we find ourselves in a vulnerable position, where our hopes and survival seem to rely solely on winning through gambling, we may be more prone to becoming addicted. Just like winning a substantial or significant amount of money in gambling can have a reinforcing effect. Experiencing success once can create a belief that further victories are possible, leading us to engage in gambling consistently. It is important to note that once someone has tasted success in gambling, we may not perceive any inherent limitations to our participation. The control over one's gambling habits is often determined by the initial mindset and approach towards gambling. |
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Now I ask how come it deviated to being an investment?.
People didn't call it an investment, they turned it into an investment property. Right, bitcoin was initially created to be a decentralized currency not controlled by anyone. But it is we investors who have turned bitcoin into a speculative asset, all because of our behavior and usage. But honestly, if bitcoin is not an investment, it is not volatile and not profitable. I wonder how many people will use it? Are you sure you are getting into bitcoin because you need privacy, not profit? Bitcoin is originally designed as a digital currency but since it’s adoption is still far from realization, then people use it as an investment instead because of its highly fluctuated price. And with volatility comes high chances to earn once it’s value reaches an all time high. That’s why as long as it has a volatile and unpredictable price, people will still be seeing it as a good investment. ^ That is what we called, ( Store of Value) Many people have seen this potential because when it comes to more adoption the price will grow up due to the limited supply and this potential has been seen by many others to generate returns. However, while considered as an investment, it still functions as a digital currency and each of us can use BTC for transactions, just like traditional money. |
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~snip~
These signs suggest a healthy relationship with gambling and indicate that you are not addicted. What other signs do you know of?
^ Your list was definitely right and true. In addition to your list, here is mine. ( Gambling as entertainment) You should know this in the first place, you view gambling as a form of entertainment rather than a primary source of income. You approach gambling with a mindset of enjoyment and any losses incurred are considered an acceptable cost for the entertainment value. The second is ( Ability to take breaks), you can take breaks from gambling without feeling restless, irritable, or experiencing intense cravings. You have the capacity to step away from gambling for extended periods without experiencing withdrawal-like symptoms. |
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Can you explain me why i need to learned gambling?
Simply put, here only millions of money are managed by asset owners, so where i have no money. In fact, i have ideas about gambling, but I don't have the ability to spend money there.
^ In my own, understanding gambling allows you to grasp fundamental concepts to avoid addiction. Because it provides insight into responsible gambling practices, helping you recognize the risks and consequences associated with it this knowledge can be valuable in promoting responsible behavior and possibly avoiding anyone who may be struggling with gambling-related issues. Moreover, learning about gambling expands your understanding of different forms of entertainment, as it is deeply ingrained in our culture. It equips you with the ability to engage in conversations about gambling so that you are fully aware of the possible negative consequences. |
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-snip
If it takes months to verify someone, how long will it take to dispute an accusation with them?  they can dispute all they want. all I'm saying is, to lengthen their patience since I've seen casinos can take weeks or month/s to verify someone(which I am not really sure why it would take that long). I am just informing them the possibility of their issue being resolved longer than they expected. ^ That is a mistake and probably many gamblers will avoid this casino. It is important for any reputable gambling platform to prioritize quick and transparent resolution of disputes and have streamlined verification procedures in place because this helps in addressing issues promptly and maintaining a positive relationship with their customers, it seems it is a really unprofessional way. |
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To the best of my knowledge based on the previous replies I have read here they disabled deposit and are working on their pending withdrawals which they have promised they would sort out and for the fact that they did not inform or made public announcement as regards their predicament, lies the issue they are currently facing with their clients. This has raised eyebrows towards their direction and possibly given room for names calling on their casino. That was a big mistake they had made.
^That is a wrong move. Lack of communication and public announcement regarding their predicament has understandably caused frustration among their clients. It is unfortunate that their actions have led to criticism and name-calling directed at the casino. Transparency and clear communication are very important for maintaining trust in any business, especially in the realm of online gambling. While it is important to acknowledge the mistake they made in not promptly informing their clients about the situation, it is also not good to give them an opportunity to rectify the issue and address the concerns raised. I saw one of their promoter managers has been tagged and I think that is not good. |
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Oh wow so Moneypot is back! I used to pay there back in the day, welcome back. Lets see if this time goes any better, i hope it does. The site looks good, ill be sure to give it a try
^Yes this made me confused, I researched it in the forum which seems familiar with this name and you are right, they are here before and it was under the ownership of RHavar but he announced in this thread, https://bitcointalk.org/index.php?topic=1302623.0 that Moneypot.com was under new owners control in 2015. So my question is, is OP a new 3rd owner of this gambling casino? But by the way, welcome back to the forum I think they are not new here, just follow the suggestion above for the marketing ads. |
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~snip~
However, due to previous losses, we can become emotional, which complicates our trading. This is a hurdle to our trading strategy, and if we are not conscious, we will become victims of our own emotions. As you stated, greed is a result of emotion, most notably consistent losses. To be good traders, we must understand how to manage our emotions.
^This is definitely right and I agree with this. Being successful traders means having a deep understanding of how to control our emotions rather than letting them control us. By developing emotional discipline and staying committed to our trading plan, we can overcome the negative impact of emotions and have successful trading decisions. Remember, managing emotions is an ongoing process that requires self-awareness and practice. Through discipline, self-reflection, and continuous learning, we can strive to become better traders and improve our overall trading performance. |
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Can you share your first experience playing gambling? and who told you about gambling sites? Is Freebitco.in worth a first experience in gambling or is it just casinos? I met him while searching the internet for a way to earn free bitcoins, because at the time I didn't have the money to buy them and I didn't even know about the existence of bitcointalk. ~snip~ ^We are the same and I remember that time I was looking for a free BTC and then I searched (free bitcoin) but Freebitco.in popped up. And then I give it a try until that time I know how to gamble in the lottery and the high and low game which no one told me about the gambling casino. But at that time I know how to control myself in gambling and only gamble what I have collected from the airdrop because it is not uncommon for people to lose track of the amount of money they have spent while engaged in gambling activities. That is why responsible gambling practices, such as setting a budget and maintaining self-control, are crucial to ensure a healthy and enjoyable experience. It is always important to be aware of the risks associated with gambling and to seek support if you feel it is becoming a problem. |
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