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1521  Economy / Gambling discussion / Re: BANKMAN-FRIED PANIC GAMBLES TO REPAY DEBT on: January 07, 2023, 07:36:56 PM
remember my btc-e remember trading there, as you said they are a very safe and honest site, that's why when I heard that mtgox had a problem I was really happy at that time I had transferred my money from mtgox to btc-e before there was a closure of their site, right now I'm more interested in keeping my money in my wallet because it's much safer considering the many cases that have happened on exchanges like this FTX, but I still have a little trust in binance and still keep 10% of my funds there to trade

I don't know how many of the users know what happened with BTC-e and MtGox. I was an active user back then and had accounts with both the platforms. Back in 2013, these two were the top Bitcoin/Cryptocurrency exchanges. Both of these platforms had their own dedicated user groups. MtGox was very vocal in enforcing KYC and Mark Karpelès used to showoff his influence. On the other hand, BTC-e never undertook KYC as they valued the anonymity and privacy of their users. The BTC-e owners also refused to reveal themselves.

If you could browse through the posts from 2013, you will find that a lot of users accused BTC-e of being a fraud exchange and were warning users that it will go down sometime soon. But it was MtGox which went down in 2014. BTC-e stayed alive until 2017, when the FBI seized their servers and shut the platform down. And it was the death of BTC-e which eventually allowed criminals such as SBF to come up with their own platforms and loot the users.

Now I can connect the dots. FBI and the banking mafia destroyed proper exchanges and then allowed fraudsters such as SBF to encroach the vacant space left by these exchanges. In the end, the reputation of cryptocurrency is tarnished and FBI achieves its target.
that's why I didn't really like mtgox since then actually I'm not interested in exchanges that require KYC, I think it's stupid and doesn't even guarantee their site is completely secure, most exchange sites are anonymous on the contrary much more secure, to be honest at the moment i don't keep much of my crypto money on exchange sites now its better to keep it in crypto wallets, currently haven't found any exchange like btc-e  Wink
Remembering those btc-e times which i do agree with your words that it would be better if we do have that similar into it, but now as of todays which we are really seeing the opposite one.
Dont know on why there are people who do really likes to store up huge chunks of money on an exchange? Mt.Gox was known as the greatest disaster but people didnt ever
something learn with those things and still ending up on trusting up centralized platforms.

Lets hope not that this would happen on Binance but with those old and new happenings in relation to exchange issues then i wont really be that surprised.
1522  Economy / Trading Discussion / Re: Those who survived previous winter, please share some courage! on: January 07, 2023, 06:18:59 PM
Yes, now is not the end because we will see the market improve and recover from the situation. Maybe we don't know when it will happen but we have to be sure that it will come soon. You have to be patient, don't panic, and keep investing in crypto, especially in bitcoin because bitcoin will give you the best in the future. You can still buy more bitcoins before the price starts to increase. And don't listen to the news out there saying bitcoin will fall deeper or something. And if the bitcoin price does fall even deeper, it's a big discount for you because you can buy a lot of bitcoin at a lower price than now.

The season is not over and we can actually expect the worst since the market isn't in a total recovery phase yet. Others may panic and think that it's the end for Bitcoin and the whole market but this is a usual thing that happens as a part of the crypto cycle. We can't change it so we just have to deal with the situation. It's still a good time to buy more Bitcoin and another potential coin while waiting for the market to recover and as good preparation for the bullish season that we all expect to happen in the future.
When im still a noob then i do really mind off about on this market to be positive or increasing always which it did really make up some hard lesson for my part on the time that i had been holding for long because i had

bought up on the peak, not on Bitcoin but mostly in altcoin selections which im do still keeping those coins into my bag and hoping that there would be some recovery after that.This is really indeed a test of patience.
You would soon realize that the things you do have in mind isnt something that could happen out but instead it  would be the opposite.The best thing you can do is to expect the unexpected
things most of the time so that you wont really be easily get frustrated nor  be shocked.
1523  Economy / Gambling / Re: VGOPromo - Crypto Casino Directory for the Best Promo Codes and Gambling Coupons on: January 06, 2023, 11:42:24 PM
Congratulations and welcome onboard this platform. It is nice having you here. I checked your post looks more of advertisement for your brand which is a normal thing for organizations to do but as a new bie you will find it difficult convincing any participants here as you have no reputation onboard this platform. I will advise you to register a copper member account so you could upload pictures for a better graphics illustration because that also attrack participants as it is self explanatory of your products. Lastly, I will advise you to seek for a good manager to better advertise your product and organization through a well managed signature campaign for atmost two months for better publicity and there you will get better attention for your products as you wish to.
In as much as i want to agree to all that you have said, I don't think a signature campaign is for every type of business, from OP.s description of VGOpromo, i dont see any other way he makes money from visitors aside ads clicks(maybe) and the commission he will be getting from associate casinos and crypto exchanges when a visitors uses the link on his platform to access the services offered by this firms.
Yes, I just had a glance through the website and I must say you are right on all you just said stated above, because to me, this is just an advanced way of affiliate marketing, whereby O.P will get paid a commission whenever someone uses any of the casino he/she promotes on the webpages. And it seems O.P took his/her list from the reputable casinos we have on the forum, as I can see the likes of stake, bc.game, duelbit, rollbit and bitstarz e.t.c

Not that something new or something that we havent seen on the past.Its a pretty common affiliate site which these fellas do scatter out on spreading up their links and hoping that there's someone who would be

registering under their links and would make out money with those referrals bonuses or the amount that they do have wagered.This is why when it comes to listing or guidesites then
nothing beats out Btcgosu with that.

Also most of them do list out those sites which does have pending issues or lots of complaints ex. Bitstarz.
1524  Economy / Gambling discussion / Re: Is The Gambling Industry Part Of The Domino Effect That Happens In The Market on: January 06, 2023, 10:50:04 PM

  - As a gambler do you use gambling sites to store your coins like what traders are doing on exchanges?
 

I don't think it is good to have your coins saved in gambling casinos because it has no purpose to put it there, it will not increase in the value because it is not exchange or trade that you want to do with it. You can transfer some coins into the casinos account to playing their games for the purpose of that and nothing on it. You can do transfer of the coin to use for gambling, no need to save it there and casino is centralised.
From the statement i know quit well  and believe, that it's well known and stated year before that funds is not suppose to be keep or save in casino platform or exchange platform, the reason why many people stipulate this, it's because of the casino platforms can possibly shutdown without notification or awareness of anyone, so i believe that people who knows what is obtainable doesn't keep money in any platform.
Agreed, but with gambling service providers it is very rare to see such a situation. In most of the gambling platform shutdown every user were notified and were allowed to make withdrawal befor shitting down. Exchanges in recent months have suffered big due to the flaw from the top authority. Even holding in reputable platforms have turned to be wrong after the FTX Collapse.

That happened and it is the correct thing to do,keep your money out of centralized exchanges is a must but then this must follow also from the gambling sites,do not use them as a wallet to store your funds because no matter how trustworthy they maybe they are still a third party,the best thing to do is to deposit any amount you plan on playing there and once you finish your session it is a very good idea to withdraw your money to a wallet where you and only you have the private keys.
Most of the time it wont really be a serious issue for me since i do always bust up my account or my gambling capital most of the time and wont leave any amounts on any gambling platform which im not really that

in a situation on where i do mind much on this situation.If ever i do find myself out on a situation where i do have funds then im always a fan on taking and pulling off those amounts on a site
or whatever centralized platforms that i would be dealing with.Nothing beats out if you do store up your coins on a non custodial wallet or you do have the full control of it
since you do possess its keys.
1525  Economy / Gambling discussion / Re: What are the motives that drive you to gamble? on: January 06, 2023, 10:17:30 PM
Most time i gamble for fun. Sometimes i need to take a rest and get positive emotions and gambling is a good choice for such purposes. I don`t spend much money and that`s why i can`t say that i have big wins or loses. But 2 times i doubled my deposit and it was really nice feeling.
People should really be on this way on which they should be thinking that gambling is for fun and not something that they could really take it as their main source of income.It isnt really just something that they could

just deal with and make money on the easiest way as possible.If you would be molding up yourself on something believing that gambling could make you rich then this is a motive which would really make you
that desperate or would be ending up for you to be impulsive with your actions and dealings because of that kind of thing to have in mind.

Gamble for fun and dont chase nor mind on being rich with gambling then you would really be just fine.
1526  Economy / Trading Discussion / Re: Trading as a newbie? on: January 06, 2023, 09:45:06 PM
Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?
Could be that possible since this is trading on the first place.The main issue or challenge you would be facing up with this kind of behavior of trades is on how you would be able to determine on which coin will be moving

out with those kind of percentages? It would really be that hard for you to point out.If ever you would be sticking with main coins then those percentages on day matter cant be that possible specially now
that the price is really moving that sideways which its really hard to make out some movements or decisions.

Well, this is the hardest part of doing trades on which it might look on being simple but when you are on the middle of the situation then its something you cant
done it easily.
1527  Economy / Gambling / Re: What sort of Weekly & Monthly Bonuses do Bitcointalk members want? on: January 05, 2023, 11:35:43 PM
Observe the other casinos offering rewards and by that, you can make come up with an idea of what the lacks bonuses that don't have yet and modify those to become better so the gamblers make it into your casino, for the active gambler it is ideal to have the top wagers or the top players with a lot of wins and losses as a consolation prize of playing too and spending a lot of money, next is there's a community vote that allowing the chat box vote for their best gambler they idolize and after that, you can have a top in the voting makes a free spin.

Some casinos create a weekly and monthly competition for the highest wagers and most active players and reward them with either free spins or good amount o crypto. It makes betting more exciting, especially for high rollers and bettors. They also reward free spins for players who stay active on their chat community which could keep the interactions on their chat box more alive. You can visit reputable casinos to get more ideas.
I believe that this could be effective since there are many casino that are doing this and I see that many gamblers are trying to win those small tournaments by wagering more which is helpful to the casino. Though, High rollers are the one who are most likely winning on those tournaments especially those long ones (weekly,monthly). Small time gamblers do have chances in hourly and daily which also makes them play even if they do not have high balances. A good chat traffic should be there 'always' since I believe that it represent the activeness of the casino community, Also it's fun to chat with fellow gamblers.
Turns out that it is really that a standard thing if we do speak about chat boxers which it is really something that could be seen in most casinos nowadays.Its fun to chit chat with other gamblers
but most of the time you would really be just seeing people who are really begging for some tips.Well, this is a moderators job on cleaning up the mess but most of the time gamblers
arent really that having much time or in concern on making up some chats with other gamblers just because they are really that playing and enjoying their time.
For wagering competition then whale players could always be having the advantage and its not surprising honestly.
1528  Economy / Speculation / Re: ELON sold his TSLA stock for $3.5billion. Will he re-buy BTC soon? on: January 05, 2023, 10:24:22 PM
I don't think this is necessarily bullish for Bitcoin unless Elon himself announced that the billions in proceeds will be used to buy Bitcoin. Otherwise this is pure speculation that does not have any basis at all. Elon is not Saylor in terms of supporting Bitcoin.

But will he buy Doge instead? Again this is pure speculation that has zero basis. But what is clear is that Elon is not really a crypto guy. He's got other more important business to think of.
People do make out some assumptions even it wasnt been confirmed.No one really knows on where Elon would be using up those money whether it would be put up on other projects or investments that he do have in mind or would really be pouring up all of these amounts to Bitcoin? Elon's involvement on crypto doesnt automatically means that he would be focusing on pouring up his funds into this market.
People shouldnt assume because on the time that it would be proven out or some words from Elon then they would really get disappointed incase it wasnt really the thing that they are
expecting on.
1529  Economy / Trading Discussion / Re: Anyone out there doing money by trading? How? on: January 05, 2023, 08:16:52 PM
This one for example: https://www.binance.com/en/futures-activity/leaderboard/user?encryptedUid=BAB8960FE8CCE6B8BFBF357BFDBAF117
I mean I might be wrong reading the data, however, I see that his Total ROI is -6.57% and Total PNL (USD) -175,183.33

The rating indicating "TopTraders By Weekly ROI" does not fully reflect the trading success of one or another trader, indicating only that he has been trading with profit over the past week. It is in this rating that the user you specified got. More objective data is presented in the "Featured Traders" rating, which is based on Total ROI.
This is why you should really be careful on trying out to check out those Data because there's really a huge difference when it comes to duration or time scale which either would really be just good for a week time
but in overall when it comes to Total ROI which i could say that it is really that a good thing for you to look upon.This would be significantly shows on how a certain trader been doing.
Pretty much sure that there are people who do make money on trading and this is why we do see this huge community of traders because we are aiming on the same
target or goal which is to make money.How? Those are just that common and basic buy and sell thing.
1530  Economy / Gambling discussion / Re: Would you bet is chess matches? on: January 05, 2023, 07:30:08 PM
Chess tournaments as well as checkers may be a good sports field for the betting industry. I know I would bet in a chess match as I already did that against a friend. We have gathered a group pf players in my neighbourhood. Thrn we started with a betting game where we could bet on the winner ot we could bet on first player going for a check. Ithe experiment worked out fine. So, if there was a site where you could bet on checkers or chess would you go for it?
Chess is something an interesting game but making out bets would be only be possible or could really be seen locally or physically but not we can able to see up online.
There are several factors which would give out some hindrance for people to play, one is fairness which they would be that mindful whether they are fighting with a bot or a real person.
Next, the house or a platform cant really make money much on a long duration type of pvp game which means that it isnt something or doesnt look interesting for any company
or would consider on adding it up but rather they would be adding fast pace games like dice and other casino games.
This is true.

Did make some research and we should at least know the standard time for each game.
Casual games usually last 10 to 60 minutes; tournament games last anywhere from about 10 minutes (fast chess) to 6 hours or more.
Source: https://en.wikipedia.org/wiki/Chess

For Chess enthusiast then having a betting site or something you could play against with other players then it would be a nice add up or advantage but
pretty sure that only a few whose really interested on this one.
1531  Bitcoin / Bitcoin Discussion / Re: Bitcoin developer @lukedashjr's wallet was hacked on: January 04, 2023, 11:28:59 PM
I don't know what seems the be the method or reason how he was hacked but the reality is that we shouldn't really trust our own wallets neither if he got hacked. I mean think about it, dude is a bitcoin developer, he probably knows more about how safety works let alone just being safe, so he had all the knowledge and tools and items he needs to be safe and he still got hacked and all his money was stolen.

This shows that we can't be safe if we do not know what we are doing. The best thing we could do right now would be making sure that its on a place that is secure which is cold wallets and offline, that would be a lot better for sure.
This is what boggles most people on here which it would really be that understandable that a certain Bitcoin dev does know much more than us when it comes to safety protocols on how to store up your coins.

It wasnt cleared out on where he did make out those lapses which it did result into such breach if this would be blamed out technically stolen which does means that Bitcoin does have its flaws? Possibly but close
to impossible.
This is a human error obviously and not on the system itself,it cant just be clarified on where he did go wrong.
1532  Economy / Gambling / Re: Fortune.st Upcoming Updates (Happy New Year) on: January 04, 2023, 10:23:29 PM
Ops already clarify that in his last reply concerning phone numbers on registration page, he said you can use any random number you wish as your phone number and it doesn't matter if the number is wrong or right it is just a process also ops promised ro get the phone number option off from the site in the next update.
I tried to register because of no KYC is needed and 1000 free credits but on the registration page they ask for a mobile number, I am pretty sure a lot of people will not register just for this.

If it doesn't matter if the number is wrong or right than they should remove it ASAP.
 
Just like on other posters above and same as yours on which it did hinder me on making registration because of the need of mobile number.Im really that trying to avoid as much as possible when it comes on inputting
my own personal number or even my extra ones which it is really having that exposure which lots of spam text and links been sent through into it which this is one of the main reasons on why
its been that exposed or known.Its better to remove it out if they do really want or like to get some players.Its not that bad looking but one i do notice out that recent winners list
where it is really that suspicious about having that winners are just repeating and some of them do make use of real names?  Cheesy
1533  Economy / Economics / Re: Every passing year seems progressively worse on: January 04, 2023, 09:59:21 PM
Perhaps my sitting all alone in my bed on New Year's Eve isn't helping.
Actually I think that is the main point... Problems, crisis, climate changes and conflicts have always been present in a global level every years, but we tend to over-absorb all these negative news when we are in a bad mood and discontented with our own lives, especially during Christmas and New Year, when it should be the happiest moment of the year, to be shared with people we love reciprocally.

Anyway, happy new year to everyone and good luck on your bitcoin endeavors!
Happy New Year to you as well! That 2023 may be different in a personal level, because the problems of the world aren't solvable!
What we have seen at the moment are those inevitable circumstances that are impossible to resolve at the moment, so it might be good for us to just live with them. Otherwise, we will end up putting more pressures on ourselves and living with life’s negativity which I think is not really helpful for us. Especially that we are now in a new year, so that means new beginnings and new perspectives in life.
Why people still got surprised with these things considering that these turns out to be that inevitable or something that cant be avoided?

The thing you can do is on how you would make yourself that survive despite of these conditions.Its true that on each year which it is progressively becomes worst due into those things that we are
seeing becoming even more problematic which it would really be just common sense that you would be needing to have back up plans to make yourself sustainable at least.
1534  Economy / Gambling discussion / Re: [BOXING] Manny Pacquiao vs. DK Yoo on: January 04, 2023, 09:26:19 PM
That means that we're likely to see exhibition matches coming from RIZIN promotions athletes that have also signed for them. For those that know the background of the promoter and its athletes, I guess you're not going to expect a lot from it.
But those fans that don't look at that side, it's just all about having fun and watching Pacquiao having a match with whoever's set to fight him and that's everything to all of those fans that just want to be there to watch him box.
Doesnt matter on whose the promoter or whatever who do get in line with Pacquiaos exhibition fight then it would be surely be watched considering that he had lots of fans worldwide which it is really that expected
to look for those certain fights. Common sense thing that they wont really be arranging these type of fights if there werent viewers or demand.If Pacquiao's 1st exhibition match turns out to be successful or he
did really purse out some considerable amounts then why not on making another one?

Despite of being already retired, he could still pull off some good fights even if it needs to match up with fellow boxers which i do see to be interesting than into those non.
The promoter does matters IMHO. If they've got an established name already, that's much better and Manny won't just sign in to a small promoter that's not even known yet.
That's why it's an important notion for someone like him to know the promoter first before signing in. Even he's just trying to enjoy his retirement and trying to have some exhibition matches, I think that he's still get to pick the best promoter that offers decent deals.
Yes, you do actually have the point but arent these things to be standard and just common sense? Of course you would really be that sticking into those known or big promoters rather than going into those unknown or

small ones since he's not dumb on dealing with things which cant really be helpful on generating or arranging possible good exhibition fights.Its true that even he's that retired then he would be still
finding the best options on which he could able to make money or able to maximize whether those winnings could be pocketed by him solely or would be sticking into that
charity fights that he had been doing recently.
1535  Economy / Trading Discussion / Re: Reasons why the 95% of future traders lose all of their money on: January 04, 2023, 08:26:37 PM
The reason for losing money in trading is that most traders are new to the crypto market and expect to make more profits in a short period of time, in which case they face more losses. To determine risk tolerance, start trading with a virtual account and analyze the market well. If you have limited risk capacity and cannot handle large losses then it is better to close the trade.
People lose money in trading for different reasons,  some maybe  because of not having good understanding about trading but they force their self in trading just to make money. Some people come into trading having a mindset to become rich without making good research to know the essence of trading. Lack of knowledge is the reason why people lose all of their money in trading. If traders should consider learning and having patience their wont be to much lose of money.
Remember that losing is still a part of trading, so even if traders tend to be more knowledgeable and skilled, there are still unavoidable losses that are hard to resist. What makes more difference in trading is that traders should have the right mindset, why they are in trading and what will make them survive in trading despite of their imperfections as traders.

That's right because even experience people miscalculate things which cause them for losing and there's no total assurance of getting profit with it that's why for newbies they should not believe that someone is earning a passive income with it since trading is somehow gives unexpected scenarios which can cause a lot to everyone.  Maybe the least we can do is to avoid losing big and how to discipline ourselves to not getting more greedy to want more if we are already winning.
When you are just new on trading then you shouldnt touch up futures or derivatives trading which it would really be totally a risky move for you to do so.You should stick with spot trading for some long time
and trying out to make yourself that sustainable on this way and never ever tend to jump directly in futures.Its true that even experienced or old traders could really mess up with touching up this area.
Why? Liquidation duration and probabilities is on high chance but of course it is also the same on how you do make profits and this is where people do really get interested on which they would really be
seeing that it would be something that would make them rich in no time but sooner or later they would really be realizing that it wont really be that just simple.
1536  Economy / Gambling discussion / Re: [BOXING] Manny Pacquiao vs. DK Yoo on: January 03, 2023, 11:30:49 PM
Guys, but wasnt RIZIN promotion is more oriented on mix martial arts? Which makes it possible for Manny to have his next fight as an exhibition boxing fight against some popular in Asia kickboxer or MMA fighter.  Like Mayweather had against Nasukawa. It was a RIZIN fight also. Imho we should not expect anything special from that Pacman contract with RIZIN.

As far as I know, RIZIN is the top promotions when it comes to MMA talents and kick boxing. So, I guess Manny Pacquiao sheltered with that promotion because they offered Manny Pacquiao a good and decent guaranteed money that is acceptable as a boxing legend in-exchange of fighting their top players where RIZIN views it as a guaranteed millions because maybe their fighters there are also famous and can attract audience with mixing Pacquiao on the equation.
That means that we're likely to see exhibition matches coming from RIZIN promotions athletes that have also signed for them. For those that know the background of the promoter and its athletes, I guess you're not going to expect a lot from it.
But those fans that don't look at that side, it's just all about having fun and watching Pacquiao having a match with whoever's set to fight him and that's everything to all of those fans that just want to be there to watch him box.
Doesnt matter on whose the promoter or whatever who do get in line with Pacquiaos exhibition fight then it would be surely be watched considering that he had lots of fans worldwide which it is really that expected
to look for those certain fights. Common sense thing that they wont really be arranging these type of fights if there werent viewers or demand.If Pacquiao's 1st exhibition match turns out to be successful or he
did really purse out some considerable amounts then why not on making another one?

Despite of being already retired, he could still pull off some good fights even if it needs to match up with fellow boxers which i do see to be interesting than into those non.
1537  Economy / Economics / Re: Your way of living the wage what you need to live normal life on: January 03, 2023, 10:19:10 PM
I want to know if three thousand five hundred dollars (3500 Euro) you mentioned with the seven thousand dollars ($700) or four hundred thousand dollars ($4000) is for the month or weekly usage, because i know that in some countries with such value of money, you can establish a mega business, so living an average life with money depends on the user needs or want.
They key on here is on where you do live, 3500,7000 whether euro or dollars might really be sound that not enough or ample on making a living but these amounts are indeed high if we do speak about on getting these

on 3rd world or developing countries which is something understandable or very basic.It does really shows the economic state of a certain country or place.You cant be able to earn on what you do have in mind.
There's always that standard or limit on each place which it would really be determining on your local fiat value and not on other places.

Living your life would be entirely be depending on how you would be finding for other sources.If you do find out that your current job doesnt get that much for you to be able to
reach up that goal then finding another source would be sensible.
1538  Economy / Gambling discussion / Re: Do you guys bet on sports or casinos more? on: January 03, 2023, 09:21:00 PM
For me, it is mostly sports - Football, basketball.
I do casinos whenever I am feeling lucky. My favourite casino game is slot.
I think a reason for this is because my friends are more into sports betting than casinos betting.
It was during the COVID-19 lockdown that I picked up on casino betting. Learnt it out of boredom.
I am some good wins on slots, and it stuck.
Its quite funny how your story corroborates with mine. Sports betting for me had always been my stay. Although a few times I tried to indulge horse racing, I just couldn't find an easy luck there. Slot game actually became a fascination to me recently and am yet to explore the winning side, I most certainty enjoy it as my favorite casino game.
Could neither be doing casino games or would really be sticking out on sports betting.We know on how long or the duration on making up some sports betting picks which it doesnt really need to make yourself that hang

on with the platform that you are betting which it would be normal for you to seek off for another things which would really entertain you.Same as you two then after making up some bets then i do
tend to make myself do engage with slots and some casino games like those typical dice and crash games.

It does really depend on someones preference when choosing up these particular things.
1539  Economy / Trading Discussion / Re: What are your thoughts on revenge trading? on: January 03, 2023, 08:29:35 PM
Of recent, I've come across alot of people talking about traders chasing their losses which at the end, leads to possible blowing of accounts.
I understand that people trade with expections and most times when this expectations aren't met, they try as much as possible to chase after their losses and my questions are
~ what is your take on revenge trading?
~ Do you think people intentionally go into revenge trading or is is just emotional?
~ what will you advise someone making series of losses ?
I have never heard of anything Regarding Revenge trading. I have seen that some people who use a lot of High leverage end up using blowing off their accounts. And that ahs been happened to me 2 times in almost 2 years. And I ended up loosing so much money that I saved.
And when I lost such money than I was very demotivated and I wanted to cover my loss by taking loans and also that would have gone too and I might be depressed too. So that's why do not use such higher leverages in our life.
On the term itself about revenge then this is some sort of impulsive trading which it do acts out the same on the time that you do chase up your losses when you do gamble, this is the same thing on which you are really that desperately trying out to break even yourself of those losses that you do have encountered on your trades which its not really something that recommendable because it would really just make things even more
worst and this is why you should really be that careful and having that good control towards your emotions. Always set out limits and really be having that risks management because you would really be seeing
yourself getting fucked up some more if you do let yourself that too reactive whenever you do make up some loss.Its much better if you do reassess up situation on where did you go wrong.
1540  Economy / Gambling discussion / Re: Cashless Gambling, your thought? on: January 01, 2023, 11:22:30 PM
Human mind tends to have more worth attached to physical cash than an electronic money (as in CCs, DCs), possibly because it's a recent thing. From gamblers perspective, it would likely make them just spend more.
That could give them more access to their funds online which can be more risky, if you are going to adopt this better to have a separate account specifically for gambling only to avoid over spending especially with your savings. The government is really pushing the adoption of digital currency, making this as a law will force their people to follow and adopt. I don’t know if this is just a trial to Armenia but let’s see the effect of this one, probably gamblers have no more choice there.
There are no digital currency but rather only focus on cashless transactions via using up your cards or banks accounts directly with those gambling platforms on which you do tend to gamble.
I dont see that they would really be using up some crappy system just to have those kind of exploits or security issues yet this would really reflect out on platforms reputation
which it would be normal that they would really be strengthening it or wont really be able to happen.This is a casual stuff where everything had been switched up on online
transactions which is casual.
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