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1521  Economy / Gambling / Re: QuitGamble.com - Free Help for Problem Gamblers on: February 13, 2024, 04:50:09 PM
And the question arises that such a player has already begun to lose so much that it has seriously begun to affect the life of his family or close relatives.  And only then did everyone suddenly come to their senses and start persuading that the player should be prohibited from playing and that he should be treated.  But everyone should have paid attention to this player’s predilection much earlier.  Then it would be much easier to get rid of gambling addiction. 
It seems to me that this is a very common mistake made by the player’s relatives and himself.
That is the problem, people often don't notice things until they start creating problems for them, and it's not just about gambling but everything in general. When it comes to gambling, gamblers don't realize it quickly, some don't even do that until they get too deep into the addiction but their families and friends can notice the change before the gamblers themselves, so they should start thinking of a solution as soon as they notice this change.
This is a serious problem and I blame those gamblers for this. No one should start a thing without knowing the good and the bad sides of it if they are wise, and it is through this that the preventive measures would be known for those who are clever. Gambling is good and many have testified to this, but as good as it is doesn't mean that it doesn't have its own evil, it is this evil we have to plan against so that it will never affect us. Even if it does affect us, it will be less if a good plan is enforced. Gambling, if learned from the beginning, people would know that it is addictive and could cause us to lose just as it could earn for us. By knowing this, they will have to get prepared better for it, and if they are well cautious of the addictive part, they will not be too engrossed with it to the point that it will be compulsive to them.

Just like me, I gamble when I want to and I shun it when I want to, this is because I am fully aware of the danger in it. So it helps when we have that prior knowledge, our mindset would have been on the alert, so there will be a strong Willpower to say no when we don't want to play it. Also, about the wastefulness, it is all about our calculation and the right budgets, if we get it right and are disciplined as well, we will not have a wasteful issue with gambling. No one should just gamble because they see it as cheap, informal and accessible, it requires ethics and styles before we can maintain a responsible gambling characteristic.
1522  Economy / Trading Discussion / Re: Trading psychology and TA on: February 13, 2024, 04:31:21 PM
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
What you just said is one of the reasons why traders often fail in the market, they are not properly informed in most cases, while some do not even believe that "what is right is worth doing." I don't know if you are privileged to read my posts about this in the past that traders need a lot in the market before they can be successful. If they lack any of such criteria, they will never be successful.

Traders need;

1. Good trading strategy which they can use to form a timeproof trading system.
2. Proper money and risk management.
3. Balanced trading psychology
4. Great trading plan that will coordinate all that they know about the market trading.

However, the knowledge of one or some without the knowledge of all is bad, not to mention the application of them. All must be known, established and applied rightly before success can be made in trading.
1523  Economy / Gambling / Re: Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game on: February 13, 2024, 04:14:58 PM
You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?
Bitcoin brokers, aka Bitcoin exchanges are carrying a huge responsibility over their funds because once your bitcoins are gone, they are gone forever and you can't fix that. From one side, it looks like they make money out of thin air by taking a fee from each of your trade and that's true, they charge a lot but at the same time if we keep in mind the leverage trading, crypto exchanges risk here too since they are the liquidity providers. If many people open a long position on futures with high leverage and profit, exchange has to pay for their winnings.
I don't think you are being appropriate here, perhaps you are ill-informed on how these things work regarding the exchanges. If it were to be the traditional broker, well, I would still say that it is true of the market makers, but for the crypto exchanges, I think that you are so wrong about them. What I have noticed about the crypto exchange is that their trading (spot and futures) is structured in such a manner that their customers are the liquidity providers, and this is in addition to others who are willing to stake their money directly. The system works for itself and within itself, and this is evident by the times that they will specifically allow some people to join their liquidity pool.

So, it is practical that they are not the liquidity provider, and even if they are part of it since they are entitled to it, they are justified but are not the lone risk taker. But what the exchanges practice mostly is to create a crypto marketplace within their system where anyone can participate in it. If any trader loses, he will lose to the liquidity pool and this will be shared among all the providers of liquidity, which includes yourself if you invest in it, and it depends on the proportion of your stake in it. And the traders who win will win from you inclusive too. This is the fairest practice I've ever seen if you ask me even as the exchange itself is not greedy to take all the business and the money associated with it.
1524  Economy / Gambling discussion / Re: A gambler lost what he couldn't afford to lost and broke his TV after game Lost on: February 13, 2024, 03:57:55 PM
Here in my hood, someone staked $1,000 to a bet with little odds and to all hope that there was no possibilities of him loosing the game but revise be the case that the game got cut off in just 3 minutes for the game over and then he could had cashed his winning.
It is quite unfortunate that he staked above what he could not afford to loose. So out of frustrations and anger he broke his TV on the process.

After his temper became calm, he ended up regretting to had lost his bet and went such a mile of destroying his TV.

He now makes two different lost counts at the caused of his inability to control his gambling emotions and his over confidence to had staked what he can't afford to loosed.
This is a typical madness and I advise the guy to work more on himself and not act based on emotion. It also shows how immature the guy is, a person who has not worked on himself. What if it is worse than that? He should be very careful, and people who are opportune to know about this should confront him and advise him on the need to be calm in the face of losses and provocation if they have access to him. If not, such would do things he would regret for the rest of his life. I see this beyond gambling, so he should be very careful.

Imagine, losing the money and also the TV, this is crazy. It also points to the fact that we should only gamble with the money we can afford to lose. Had it been that the guy had risked a small amount of money gambling, he might even have more money to try again maybe he would have won the next time. Not in this way that he lost everything due to his folly. Gambling requires accountability from us and not 100% assurance, we should think about the possible outcome and not be blinded by the assurance of any bet no matter the belief. Even the surest bet in terms of possibility had failed some people, so we should not be senseless. Nevertheless, I hope he has learned his lesson, next time, he will gamble safer.
1525  Economy / Gambling / Re: How Crypto casino market themselves? on: February 13, 2024, 02:38:08 PM
Casinos advertise everything on their site. Casinos that are more interested in social media are advertising in various ways to get their information out to the public. It is not possible for one person to market casinos themselves, they have boards and different parties are connected. Regardless of the main purpose of the sites the attitude of the parties should be analyzed and caution should be taken before starting to bet.
They spend a lot of money to market the casino. Social media is now a good way for casinos to reach more gamblers. Nowadays many casinos work with various influencers to promote their casino. Casinos have multiple marketing strategies to market their casino, and those who can successfully use the right strategy here are the ones who get the fastest growth. There are now many advertising agency companies that can provide advertising services to casinos on a large scale. Everyone has a different strategy, so gamblers should check out good and bad casinos instead of joining just by looking at big scale ads.
All you said is true, we all see them around us and how such means are effectively working for casinos. But these are simply not capital-intensive, the options are for the big boys who have carefully planned for it and are fit for the task even before they start actualizing them. It is the casino that has all that it takes mainly financially that can be able to achieve these in order to in turn achieve their goals. Marketing is so powerful in this digital age, and there is nothing you sell through it that will not prosper unless it is such that people hate it.

In the absence of that, it will prosper, just like gambling, people like to gamble, so informing them of a good casino, particularly if this is coming from their trusted handles online, that has concluded what will happen. It will be so easy for them to open an account. Not to mention how some casinos are so aggressive in their marketing online. You will see their banners on virtually all websites on the internet, and also google and social media. I do not know how such casinos will not achieve their goals easily, they will just be irresistible, especially if they package it better on their websites so nicely since that is what people will first see after redirecting from the main page that introduced it to them.
1526  Economy / Gambling / Re: The most liquid companies in the gambling industry on: February 13, 2024, 02:12:14 PM
        -  Honestly, I don't know anything about the casinos mentioned by OP, and like other commenters have said, I'm too lazy to do research on the mentioned casinos, and it looks like the ones he mentioned are land-based casinos in my opinion.

Because I have not seen any crypto gambling with the most liquid in the field we live in today in this industry. Then there must be a source, at least for others to think that what OP is saying is credible.
I don't think anyone could be so conversant with the listed casinos by then OP, and if you read it well, some of them dated back to 2000, a year that many online casinos we have now are not in existence. In that year, the internet connection had just been introduced to my country and I do not think that an ordinary person had started using it back then not to talk of people developing their platforms for gambling online.

The OP has stated that he came about the list based on liquidity as guided by a certain Financial Index (Financial Index DATA40: iGaming (iG-D40)). But this is not how the website was spelt, still, it might be the truth as I see it. The OP did not even add a link to make it suspicious as though he has something to sell. I also believe that all these casinos are strong and recognized offline casinos, yet, they should all have their present online even if their strongest base is offline. I just searched for the first one (PhilWeb) and I was able to see their website.
1527  Economy / Gambling / Re: Does anyone find the spate of online casinos a bit uninspired? on: February 13, 2024, 01:53:36 PM
The increase in casinos is what have made the gambling market have more visibility and also making a reach out to more gamblers compared to what we used to have when the online gambling have not achieved this current level of exposure and popularity.
So for me, the spat of online casinos is something that I am really encouraged and happy about and at some point we have to accept the fact that the introduction of those casinos will only impact in more positive ways than the negative which the thread may have missed out on that fact.
I think you are right after all, it's just that as it is commonly said, that too much of everything is bad, too much of online casinos can also create problems and confusions for gamblers, as it becomes more difficult to know which it legitimate and which is not.
And for me personally, being someone who doesn't like seeing people invest money in a business and end up with nothing, that is, not profiting any thing from such business, I hate to see new casinos come up and end up not getting the attention it deserves, or getting customers to like and play on that casino, kind of breaks my heart, and makes me see having too much online casinos around as not something that should be encouraged, people should invest their money in other areas of business, not just on gambling casinos alone.
I share your feelings and opinions about this as well. No one says that any establishments should not do their business, but when it is becoming too much, it could be an issue on its own. That is what we experience in the casino industry now, they are just too many, and many of them are not solely in the industry for the business and accountability, but to swindle unsuspecting individuals, and this is indeed annoying. Well, we should still be wise about it, and that is why I always advise new gamblers and some old ones who care to listen to stick to their old casinos if they are treating them fairly and also have the games needed.

And even if they want to have an alternative, they can still go for the old ones that have their reputation built in the course of years and not the new ones that need time to build a reputation. That's if they will be reputable at all. With this, I am sure that there are no alternative reasons why you need another casino that they will not have.

This is not to entirely discredit the new casinos but to ensure that we do not get scammed cheaply.
1528  Economy / Gambling / Re: Responsible gambling on: February 13, 2024, 01:41:27 PM
Actually i can't deny that the main attention of gambling nowadays often revolves around the hope of a big win rather than the enjoyment of the game. probably 95% of players are entering by the hope of making $$ rather than just having fun. I really agree with you, after all, there can not be any enjoyment by losing your dollars unless you have an abundance of it. For most, whether you come to a casino for fun or catching a huge jackpot actually winning is the ultimate peace of soul in gambling life.
Then those people are doing it wrong, a person should only gamble if they have money to spare, meaning that even if they were to lose all the money they deposited at their favorite casino, that loss will not represent any kind of obstacle for them on the future, if a person cannot really afford to do this and instead they are looking to make gambling a source of income, it is almost a foregone conclusion that they will fail and lose whatever money they planned to multiply.

It is a problem that would self-solve as people seeking profit would naturally drift away from mere chance games that are certainly make them loose in the long term by design, while they would gather around games that require skill such as poker or black jack or even dice to a point. Even in this case, they are likely to end up loosing as they are very competitive.
Being responsible doesnt really care that much about on what are the games you are involving into whether its a strategic one or would be a luck based one. It would always matter on the money you are spending or the money that you are using on gambling activity on which this is something that you must really be that mindful be on doing into.
I even see it beyond this. The responsibility of a gambler is more than about the money alone, it also entails the attitude of the gambler towards gambling. In this sense, I mean about addiction, we should not be addicted to it, if not, we will be irresponsible even if we do not lose so much about it. Gambling is a very good means to have fun and perhaps make money as well, but in all, we should be cautious and make sure that we are not engrossed by it. You can imagine in one of the threads here where a father left his twin children to gamble and leave them for over 5 hours for the activity. This is so ill of the man, and can that ever be termed a responsible man?

About the money, good, the money involvement has to be well planned and managed but we have to always know that it is all about our good behaviours towards gambling. Whether it is about the money we use to play it, the lifestyle we have towards it, and generally, it doesn't matter, but how we could work it out to the extent that it will not affect any aspect of our life, be it financial aspect or otherwise, it will be fine that way. We may do it to the extent that when people hear that we gamble, they will not even bother again because they can't point to a specific area of our life it affects. That's what we call responsible gambling.
1529  Economy / Gambling / Re: I've Made Millions abusing Exploit in a Crypto Casino - AMA on: February 13, 2024, 01:30:09 PM
Hello Bitcointalk community,

Glad to be back for another peek. It's been awhile. I used to be active back in 2013/14. It's been exactly 10 years since I found a major exploit in a bitcoin casino and abused it to accumulate over $1M+ back in 2014.

Thought it would be fun to do an AMA, might be interesting for the community  Wink
You were exploitative and you are proud of it? No wonder casinos are strict with some rules. I even checked your profile here, but it doesn't reflect the time you claimed you started here, or maybe I didn't get you clearly. It might be you mean the activeness with the exploitative means, but I do not think it is the best especially if you have a conscience.

It might be possible at that time you perpetrated it because it's been long, but now, it will be difficult to exploit a casino, not to mention that casinos have enough brains working for them now that will be blocking every style that can be exploitative in nature. This will even put the account of the gambler in danger which makes it not advisable to follow your path.

Needless to say, you stylishly advertise AMA, just don't think we do not know. Well, I've gone through the website, and it could be productive for those who need such services.
1530  Economy / Gambling / Re: Betting without losing your money/no need for deposit on: February 13, 2024, 01:17:57 PM
BTCHello frensBTC

If you enjoy gambling but want to avoid the risk of losing your money, we have the perfect solution for you. Visit our website and visit BCH.Games.

BCH.Games has an integrated faucet, which allows you to gamble with small amounts of crypto.

Thank you

https://www.bitcoinsguide.org/betting

Welcome to the forum mate, and welcome to your casino here in our community. But first and for most you need to post an image in order to have a good presentation or announcement thread so that gamblers can understand more about your casino and try to play with you. You can buy a copper membership in order to post an image even though your ranks is too low.
Just leave a reply once you have an update or any kind about your casino. Cause once gambler will like your casino they for sure many gambler will come and play with you .
People have given  those advise already and the problem is that Seems OP is not willing to have it instead just answering all the questions here .

and also one thing that I found is that the title seems to be attracted but really not sure if can happen because gambling is completely a losing place and just a small chance of winning.
I'm not trying to take a side here and not defending any purpose of the creation of the thread by the OP, yet, one thing that is good that I noticed is that the OP has tried his best to make a reply and clarity. This is at least in replies, and in replying to mine as well, I think he had done that twice already. Initially, I must say that I was more hesitant and of a critic nature to this thread, but the way the OP handled it and didn't argue as well shows bravery and ingenuity to me.

You might not get the gist correctly, but all the replies he made to people are not a waste, you may want to read through them to get your queries answered. Also, about the OP itself, this is not about big money, but it can still give little incentives that can be used to trade and have your fun. Peradventure you need big money, you may deposit it there to wager more, it is a choice.
1531  Economy / Gambling discussion / Re: Do you beleive in the concept of "Luck"? on: February 13, 2024, 12:45:23 PM
  • Do you believe in Luck? If so, how do you describe your perception of this concept?

Yes, luck is everywhere, the world resolves around the luck. If you are lucky, you won't face difficulties while an unlucky person may not get things and matters resolved easily.

  • How lucky do you think you are from 1 to 10?

Well, no one can define this as the luck is not stable. Meaning today you are in a lucky position but tomorrow luck may not favour you, so no one can have a definite numbering or measurement of luck. It varies every single days and every moment. I think it is not possible to calculate luck.

  • Does your sense of luck in regular life correlate with your luck in gambling?

Well, the sense the luck is different for everything in life. You may be lucky in gambling in one moment but you may be unlucky in some other aspect of life in the same moment. So the luck is different for each thing.

  • Do you believe that some special things or actions can increase your luck?

I don't believe any action can change luck but yeah a bad luck can be turned into good luck if you delay the actions, like if you are losing in gambling, it means it is a bad luck time for you. Quit gamble and try again the next day and you may find luck favoring you and you may start winning.

Some people think that luck is something to be invoked somehow by rituals or that it is associated to specific days. I am quite sceptic about that, however some people call luck to other things that do affect gambling in games that have some skill element to it. If you see olympic athletes doing high jump or long jump they have a full ritual but is not for luck, is for concentration.
I think I understand you even though you didn't explain it well. Luck is too overemphasised by many and I've always said that it is such that shouldn't even be mentioned in some contexts as people often misuse it in that context. What I realise is that to make money in gambling, you will at least do the needful on your part, not that you will relax and expect the luck to do everything for you. My brother, the person will fail in this regard. It is when you know how to gamble, use your instinct rightly, plan on your budget and also apply what you know about gambling rightly before you can achieve your goal consistently.

For clarity and instance, some people might just gamble without knowing anything about the game, and if they win, then they are lucky. But can that be consistent? That's not possible. In this case, you can rightly use luck in the context. Also, some people who are playing games like slots, they can be lucky as well, we all know how slot games work. But for those who are gambling on games like cricket and football, won't their expertise in analysis be needed? That's not a thing of luck when they win. In gambling, it is either you win or lose, and one must happen. Only that people often attribute it to luck when they win, but it is not supposed to be. Your effort and expertise to choose rightly are worth commending as well.
1532  Economy / Gambling / Re: Which Casino and Sportsbook have the best UI? Which others can improve? on: February 13, 2024, 12:34:27 PM
To be honest, almost every crypto casino looks like a copy & paste of each other. I don't know why is that but that's a little annoying, I have rarely seen a casino that offers somewhat unique user experience, I can't even remember if I have seen such a casino.

By the way, these casinos and sportsbooks offer good UI:
  • Sportsbet.io
  • Duelbits.com
  • Stake.com
  • bc.game
You have a good point and I can attest to the first three out of all the casinos you listed above to be good, especially Stake.com which is more stable in my experience, and the reliability of the casino is also very high. But the similarity you mentioned is not as easy as you seem. Fine, they are using the same or similar programs to build it and perhaps the same company is developing it as we see in many industries, but it is not all of the features and function that will be general/same, they may only look similar.

Still, I don't see this as a reason to annoy anyone, it is just a mindset, and as long as they are stable and not hanging, it is good. This is also as long as the casinos give money as and when due, even as they offer you the needed game option you required. It is all about the games and stability my friend. Many industries outside gambling also have similar software, they will just alter one or two things there. So far they deliver as needed, they are good in my opinion.
1533  Economy / Gambling / Re: Why they need a license if bitcon is not money? on: February 13, 2024, 12:06:32 PM
If centralized exchange and banks could need licenses then I do not think anything is wrong with casinos having a license even though they accept Bitcoin deposits, this is very important since to avoid casinos becoming used for mixing money and laundering the same.
There is nothing wrong indeed, but it's pointless if you think about it since these are licenses from some random islands across the world with little credibility due to which they aren't exactly reliable.

Also, you don't need licenses to avoid money laundering and mixing. Proper wagering requirements solves those issues effectively.
I align with you on this and I've known this during my initial trading days, they overrate the registering nad regulations but it doesn't matter, it doesn't have to be what to sue to know the best companies, it is tehri deeds that will speak of them, and not licencing. Even these days, you see many of them registering at an island, and they are rushing there for a reason, and that reason can only mena a weak regulautions, they just wnat to eb soemwhat free vene though they are bearing the sttaus of bieg lincens and regulated, but in prctiae, it is not so. Stil, registeration oir not, there are good nad bad caisnos all ariund you, let your thourough resercah choose cleverl for you and not the licnecing, that's what I am trying to say.

Alos, I think what @Ojima-ojo is trying to say is beyound what you replied to, Btcoin can't hide us, it can be decentralised but thsoe companies that are attrcting customers nad collecting tehri money for gmabling purpose are not decnetralised, so this calls for tehir regulations. It is now left to them how they manouvere their way to do other shaddy deals (that's if they do it at all), all that matters is that they obey the law of the land where they operate from, at least in the surfce eve if they are paying only a "eye service."
1534  Economy / Speculation / Re: Hey! it's $50k today. on: February 13, 2024, 10:42:21 AM
-snip-
  • An upwards trend from $50k
  • An downwards movement from here
Downwards movements? That is not even an option anymore. But it had done the needed correction already, and for this, it should be buying for more than a year from now. The breach again of $40,243 and the stability above the level made me know that the market was rebounding, and also the breach again of $43,606 and holding above it was another indication that it is bullish. The two levels were and remain the determinants, and holding above them means a sure positive trend for Bitcoin.

As it is, I believe that Bitcoin could only make a correction, and this can't be a long one because the short and long-term trends are now bullish. If the asset will move lower at all, I do not see it moving beyond $45,000-$46,000 for now, which makes it a bullish market, and we should try to enjoy it while it lasts. The stability above $50,000 is also important at this point in time, and if that level is able to hold and more daily close are seen above it, then we can expect to see Bitcoin hitting the all-time high of about $69,000 sooner than people think.
1535  Bitcoin / Bitcoin Discussion / Re: A blog about someone planning to retire early with Bitcoin on: February 13, 2024, 08:42:22 AM
-snip-
Have you tried something similar?, maybe now thinking about doing it?, I think it's a great idea.
Nothing is entirely the great idea or the worst, once the person has a good reason for it and such that he can constructively argue in favour, then it is cool. I wish this guy and other people trying this good luck. It is a welcome development but also a risk they are taking.

And yes, I am trying something similar to this, but in my own cases, I am twisting it. Also, such is not my only plan, I have other plans in case this one fails as I do not trust any investment 100%. What if something unforeseen happened? One has to be careful and that is why I think that such people like this are risking so much unless they have plan B. In my case, I can never invest in a single asset, I think that people should diversify their portfolios, that is the best. Though people can make huge money by luck due to some risks they take in a certain asset, yet we can't always remove the high risk they take from it.

The best in economics and business is to have your risk lowered as much as possible, it is not only about the money you are gaining but how protective and wise you are gaining it. The risk they say makes wealth but it has killed some people's hope too if not careful about it, which is why I love it when we diversify and are more protective of our assets.

Good luck to him once again.
1536  Economy / Reputation / Re: Where do we draw a line? Signature campaigns or shilling campaigns on: February 13, 2024, 08:22:38 AM
You don't even have anything to say against Icopress even though you are cautious enough in your construction. I must also say that I love what he did, people are ugly in thoughts, and they need to be guided at times. You don't have to wait to be told what is wrong or right all the time as an adult and also as a sensitive person, so it is not all things that must be written by the campaign managers under a campaign before people know what is right and what is not right to do.

You don't just collect a company's money and nonchalantly praise another company that is a competitor. Who does that? That's not fair.

But people like to collect a company's money and do not even care about their success, that is what I see here, and it is bad. Once you are campaigning for a company, whether you like it or not, you are part of their team. So, why then act like you are not? I think the campaign managers feel the burden better than people who are just keen to collect the money and not the progress of the company. So I know how he feels.
1537  Economy / Trading Discussion / Re: Why are people getting scared to Trade on: February 13, 2024, 08:03:38 AM
Lately, I have noticed in most crypto groups I'm in,  many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.
You are curious about this simply because you might have not given it a better thought that trading is trading and not the only means to earn from the crypto world. This is just like every other facets of life, everybody cannot turn to a single line of work for the same earning purpose. For this, there are people distributed in every area of crypto where earning is possible. Even those you know who are trading might slowly be chasing airdrops, promos, bounties and other freebies in addition, it doesn't matter. It is until they tell you what they do that you know. People are doing everything possible to make this money in the crypto space, and you can be surprised that some will even combine all the possible means together just to make the money.

However, the traders that are making money are a few for obvious reasons, trading is risky, and these few are not consistent with the earnings too. So it is so discouraging. That is why they prefer where they can get free money or almost free money instead of combining their money to risky trading that can subtract their finances instead of adding to it.
1538  Economy / Speculation / Re: Bullrun top on: February 13, 2024, 07:46:37 AM
Hi all, long time investor   what's everyones opinion on this bullrun .?... IMO will see a market top q4 2024
It is very difficult to predict where the bullrun top will be, from the past bull market experience, so much excitement is created in the market during the bullrun because fresh money enters the market, people keep buying bitcoins in the hope of profit, as a result of which the market continues to rise. So finding a definite top of the market is very difficult. Checking the history after Bitcoin halving gives an assumption that Bitcoin will enter a bull market, as we have seen in the past that the new Bitcoin ATH crosses quickly after Bitcoin halving. So I expect Bitcoin to perform well this year and cross the new ATH.
I also see Bitcoin moving upwards, this is the bullish season of the coin, and any bearish attempts we see are only for corrective purposes, the coin will later stabilise and move higher afterwards when the correction has completed. Just like what we are experiencing now. The coin has scared a lot of people in January and I heard people suggesting the $35,000 level as always even as they like to call round figures without even knowing the basis and what is happening in the market. Regardless of that, the breach of $40,243 and $43,606 have proved that the short-term bearish scope is over and the bullish movement is now reactivated.

This is even as the long-term bullish movement is about to be reactivated, but the market must breach above the peak of this year which is around $49,000. The market is approaching the level gradually and I know that very soon, it will breach it and will announce the reactivation of the overall bullish trend that will now be proceeding further for the all-time high of the coin which sits at around $69,000. A subsequent breach of that level will better excite the market and make it move higher, after which the $100,000 is no longer safe in the hand of the coin.

it needs to pass 51k not 49k
Lol...As much as your opinion is highly appreciated, I think it is too short for it to hold water here. Well, I would love to read from you better on this, after all, we are all learning, I can learn from you as well. But with all my understanding of trading, we do not just call a price, we call important prices based on reasons, and if that price of yours is important, I like to know, and even why it is important. But for me, no matter what the market is doing, if it hits a certain level and has a significant correction or even a change of trend, that last level achieved becomes a significant price which becomes a valid support and resistance level.

And later, if the market is trying to move back towards the level, it has to move past that level in a comeback fashion and break also it before the continued action of that trend is possible. However, in the case of Bitcoin, the level was actually at $49,100+ (2024's AHT before yesterday's breach). That was the most significant level to call for the trend continuation from the overall reversal from about $15,500 after the years of bullish trend. That's how the market works, not just calling a random value, and even if your value is right based on your different analysis, it still does not stop the right principle of other people's market analysis that has been tested to be working for decades.

I'm waiting to read more from you about the $51,000 though...We learn daily and I'm always open to it.
1539  Economy / Gambling discussion / Re: Would you quit gambling for a friend? on: February 12, 2024, 03:54:46 PM
-snip-
Would you do the same for a friend? Me personally I think I would have just confronted such a friend and told them to seek help instead of me altering my lifestyle for his benefit. If they didn't seek help to the point that it was affecting me I would've just stopped hanging out with them silently I think. A friend would've had to be a real good one to make an exception at least.
For the question, yes, I can quit gambling for a friend, and quitting in such a circumstance they played is the easiest thing to do. If I want to gamble at all after that, I can quietly gamble on my own, after all, it would not be an issue to another person in this regard. Well, the friends of the addict are not to be blamed in all senses, only that he (the addict) was of a weak mind amongst them, which is why he could be the only one affected among many friends. As it is, I think that quitting was the best thing for all of them and mainly because of their friend, it is a better decision to make.

They can still play ordinary games and have fun, it mustn't have to be about money involvement (gambling), and there are a lot of other activities and engagements that are funfilled they can switch to, so I love the decision they have taken. We must know that it is not about what we want and believe in always, but the right thing for the common good of all. Albeit they've done that, I would still like it if they do not limit it to that only. They can continue by helping the friend to heal from that addiction. Telling him about his predicament and suggesting to him what to do alone are not the solution but to also be part of the healing process with proper monitoring and follow-up until he heals. That's what we call friendship.
1540  Economy / Gambling discussion / Re: Gambling Management on: February 12, 2024, 03:11:57 PM
but there is a better solution in my opinion, play without haste and place your bets consistently, I mean don't add or subtract 1% of your total capital, if If you have won 100% of your capital, you should withdraw it and come back the next day
Just withdraw whatever is necessary as your profit so that it won't be taken back if ever you ran out of luck.
Many gamblers find that problem the same and don't want to manage their wins properly. They're okay to lose it back and then recover on that state where in fact that they're on the better situation before and can freely take that profit out of small percentage as they started.
What I can preach here is the right/proper management, and not fear as you make it look. With what you said, I see the iota of fear in it, it doesn't have to be like that, gambling should be taken as friendly as anything, and as we know, all we do in gambling is never by force, they are by choice, so it will be so lovely if we treat it that way but also be smart in our decisions, instead of being fearful to always be withdrawing our money from our gambling account simply because we win a bet.

That could only mean that the psychology of gambling of such a person is still not balanced, and even if he is successful in withdrawing money today, won't he continue to gamble later? And even if he withdrew not all the money and later lost the remaining in his account, won't he deposit afterwards to continue gambling? All these have to be put into consideration so that we do not believe in that temporary decision that seems to save our heads but the consistency of it. This is unless we do not want to ever gamble again. Are you getting this?

I do not see the fast withdrawal orchestrated by a single win as a thing that a true gambler would do. Gambling is beyond that, it has to be consistent even as the management alongside it be consistent as well. It is those who lack the right mental state of gambling and management that will panic about both losses and winnings. If you plan your gambling well, including the budget therein, your losses can't mean your account is ruined, and your winning can't be the last, so why hurry?
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