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. |
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If you are happy while you bet then you are entertained regardless of whether you spend a small or big amount. The deep-pocketed gamblers are always going to be happy gambling in crypto since they invested in crypto early as well. Rich or not if they lose it all, we'd not going to consider him a responsible gambler. But sure he enjoyed gambling so much.
Gambling is basically giving your money to a casino. You can enjoy it and pay the price for it, say a small amount, and that should be OK. If you are not enjoying it, and also paying a huge amount, then that would be a problem in my mind. Similar to alcohol, you can enjoy a bit of it, and spend a bit of money, or if you over do it, you'll spend a lot of money, and it will bring problems to your life. And if gambling is giving your money to the casino, we should know how much we can give to the casino and stop when we feel we have gambled enough. And we really enjoy playing gambling to the point where we forget the time when it turns out we've been playing for quite a while. And even though we like to gamble, we also have to limit gambling so it won't interfere with our finances and time. Apart from that, we can still play gambling on other days so we don't gamble all day long without doing other activities. If you can control yourself, you will not become addicted to gambling. If this happen to us everyday where we don't get anything and only wasting our money there then maybe its good for us to decide on what best action we should do next. We can be harm with deciding to continue especially if we want to earn huge and do uncontrollable gambling so before any bad things to happen maybe we should set our priorities and have limit on anything we want to do especially on gambling. |
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Don't start in things you don't know, if you are a total newbie in crypto much better stay away on investment and research for further more knowledge. Much really better if you invest your money on physical business and create a income stream with it so that you have enough money to use on your crypto investment attempts. But if you are really interested on cryptocurrency especially on bitcoin maybe best not yo rush things and gather all ideas needed so that you became more knowledgeable on many things you want you enter.
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I have write to the Email address and now my acc work again
Happy New Year to everybody who has contributed to the community over the last year. Have a good night & let’s have a great 2023. Happy new year to you and to everyone on this community, 2022 is challenging year but I guess all is very well surpass the harsh scenario brought up by series of controversy which cause the market to collapse. You are also one of the gem of Bitcasino community that's why this thread is so active and also a plus for their support which is also active which important to have that's why Bitcasino is so successful casino. |
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I think it all started from Terra Luna first.
We can blame it all to LUNA but it's still around the whole market as well and to be honest something will happen anyways since it will not forever go up. People are anxious that they tried to take profit, breakeven or sold at lost, crypto market isn't just that confident in the long term if it's in bull run, it can only happen a short period. The bear started when the price was not able to break the resistance and hit the peak, it became worst though because of negative news and yeah mishandling of many big projects. LUNA might be the start of the worst followed by the FTX, we have no more choice now but to deal with it and take necessary action which is to buy more. This bear seems to stay longer, which is a good opportunity to accumulate so don't forget to grab some. News create fear to the people that's why those investors who get afraid and rush to sell their assets when FTX scandal occurs. But eventhough that happen still this is good to us since we need to look at the brighter side since at the moment we can buy cheap crypto which we cannot do thay before due to price soaring high and chances to lose is big since the dump might come just like what we experience on 4th quarter of the year 2022. |
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You can only call the you are responsible gambler if you can quit anytime you want and doesn't bother anything or anyone because you can manage all things what you do on gambling site.
But if you are hardcore gambler and starting to do destructive things but still denying that you are still in good shape then well you are just lying for yourself so check what you do and settle all things so that you will be in good situation and will not encounter any worse than we can imagine.
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Real scammer and website different from original and trusted site is [bakeryswap], with real website clearly without use domain dot uno and adopted with dot org. I think every one can seeing which one real or trusted dapp exchange website and scam. I think many possibility how scammer make another side duplicate with real, not only with [bakeryswap] but also have many site until myetherwallet ever duplicate with fake or scam website. Unfortunately, and no matter how intuitive it may seem to you that the difference between the two links is clear and that one of them is a fake copy of the second, those scammers actually succeed in attracting victims through those offers that are too good to be true. As it is known, a small percentage of users search before using links from unreliable sources. Some of the scammers not only make fake copies of well-known sites, but also succeed in promoting them in search engines so that they appear at the top of any search results. Personally, I still think that this forum is the best place to verify links to active platforms or to ask about the credibility of some service offers, especially investment ones. Before, a scammer tried to trick me into believing that crypto staking and investing can yield too-good-to-be-true returns, which is the same reason crypto is becoming popular. That dummy has no idea that I've been involved in cryptocurrency for a long time. There was a period of time when I search here first when I am looking for a site that I am not exceptionally acquainted with. Phishing became popular at that time, and it was surprising that fake websites also appeared at the top of search engines. Maybe it was coinmarketcap when a scam link was posted for a specific coin or was it an exchange. They continue to do this things because they always know that there will be a newbie that will fall in their traps. This is why newbie guys should always realize the great rule on investing that if its good to be true its not true this is discuss by many channels or people so hopefully they always value what those people experience because scam will not happen if they will not let those scammers fool them and feed them wrong information which can catch their interest. Its really better to research and have experience on everything since it can take away the possibilities that we will be scam by those scams. |
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FTX is been a trusted platform before and they spend a lot of money on marketing, it get great exposure globally especially when they acquire those big star to be their ambassadors, but look what happen to them they deceive all their users and create huge damage to crypto community so for this basis we should never trust any exchange and we should deposit only the small percent of our total capital their so that we will not became a victim of another series of exchange turn into scam.
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We have been told many times to invest only funds which you can afford to lose in bitcoins. But the question is that most of us do not have that extra funds to invest. So, what we do is we buy bitcoins from our savings, and from whatever money we get, we try to buy bitcoins. Middle class people do not have that EXTRA money WHICH THEY CAN"T AFFORD TO LOSE. Yes, i invest in bitcoins but it is not EXTRA money and I am afraid I can't afford to lose. Do you have that EXTRA money that you can afford to lose  Yes that's what it supposed to be like since its very hard for us if we invest the money we tend to put on more important things so bring only the amount you can afford to lose since if you do that your life will be at ease upon gambling but if not because its your hard earned money which you can't afford to lose then playing by using it will be so stressful because you will be worry about the possible result and you cannot enjoy that scenery. |
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hi friends everyone? This is my first post, and I'm not experienced in the world of crypto. I want to ask, what's the difference between bitcoin and crypto? I hope all my friends can explain to me,,?
Good you ask that basic question so hopefully the answers given gives an exact idea about things you want to learn about bitcoin and other cryptocurrency. Maybe to add up some information to help you get more better knowledge about it try to grab some information by researching about bitcoin on google. Also you can read up the pinned message of the forum or even create different more thread in this section to ask about your other question thay bothers you since there are reputable member will share their knowledge about some things they know about crypto. |
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Thanks bitcasino  got lucky  Congratulations mate, it's been a long time coming and just realized you made the first entry and it counted for a win... Lady luck was really on your side  Congratulations malcovi2 you are one of the winners also Woodie and xGennady of course I guess it's my late Christmas present and thanks for the mention  Merry Christmas and enjoy the holidays to all of you may the good days continue to be with us  especially me, who was out of luck in the prediction contest You know what they say, "if you don't play, you can't win" so don't give up just yet.. keep trying and Merry Christmas to you too. Its not late present as still we are feeling the christmas vibes since we are still in december month and new year is coming so your win is really a great Christmas present and that's really a great win for those people who win on the contest. More for it to come for sure other participants are eager to drop their entries on next contest. Also that's the spirit of winners since you will never win if you never try so participate as long as you are comfortable with it, always give a shot. |
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That's not going to happen anymore, no. The regulations for crypto are getting stricter and stricter all over the world, and this not only affects casinos but also exchanges. Exchanges must, for example, demand proof of origin for the deposited coins, if, for example, larger quantities come from unregulated casinos, they must not allow them to be deposited (and exchanged for USD, for example), otherwise they make themselves liable to prosecution.
In my opinion, the rather relaxed times of online crypto casinos are over and will not come back.
That's true. Recent debacles like the FTX crash and the Terra-LUNA crash made things worse for the cryptocurrency market on the whole and these are just a couple of reasons as to why regulations will keep increasing over time. Despite these issues, it's good to see more and more new, legit crypto gambling sites emerging. Even with these new sites or platforms emergence but it wont really make out such change yet they would really be that subjective with regulation if ever they would tend to operate.I do agree with those points above that with all the bad things happening involving huge funds been stolen or been used up or some issues then its not really surprising that government would really make out some involvement which it isnt really that totally surprising if one day that majority of these platforms would really be asking out for some verification first before you could make out an account and make out deposits. Its true that gone are the days on which we could gamble out freely or without having that much restriction for whatever the amount would it be. This is the reason why somehow I like the government will get involvement in crypto since since there presence is really helpful if they regulate all the platform which involve money or investment because from this we can lessen up those scams and those people who do crimes will get caught up. Its just we need a heavy penalties like forever those scammers will get in jail for lifetime if they do such crime so that they get afraid to stole millions of dollars to any people online. |
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Maybe best for you guys to stop following those people who have track records trying to manipulate the minds of people for their own gains so that you will not get wrong information which can possibly make you become a bag holder on what they are currently promoting. Best always to follow your own instinct so better be more knowledgeable than waiting for other people to give a news about what you are trying to gain.
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It can't be generalized that all of them are useless and a waste of time as I believe that there are some bots that are working efficiently but not perfectly. I think you are also using one of it (Gunbot), how it does for you OP? I think you can also share it with us so people will encourage to try it.
Well, anyways, bots can only be working well depending on the trader itself. Likely, if a trader had already deep knowledge of trading he can really make a good setup on the bot that will just work according to what haven been commanded. But if you are new, you can never expect that it will become productive but rather expect failure.
I agree, I do not believe in bots for sale on social networks or telegram groups, they still work, but it is not as effective as we expect. But for some people who are programmers and they create their own bot to use, I believe it works great. I've seen a few people do that, and of course, they never sell it or share it with anyone. In that case, I would do the same, when something gets too popular it won't work either. Like good traders, they never brag, but trader impersonators love to sell signals and open trading teaching groups. Profits is used for marketing but in reality there's no really passive earning we can get since this can use to automate our trade profit is not included because we are the one who set it. But there are some traders use this since this is somehow helpful but for newbies thinking about becoming rich on this well maybe this is not for them because maybe they will dislike the result on their bought trading bots. |
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There's no secret formula you can learn from if you are playing a luck based game because all is random and chances for you to win consecutively is quite hard to achieve with this. Only thing you can do is to settle all your greed and quit to secure your earnings so that you will not lose it.
But in Skill based gambling type of game maybe the only solution is to be skilled and familiarized the game since the more skilled you are it will give you huge advantage to your opponent.
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Am expecting a price surge soon for BTC primarily because of the COVID surge currently in China which is the most populated country in the world. Many chinese will probably depend on crypto like BTC instead of physical yuan.
BTC could get closer to $18K mark before this year ends due to these specific reasons.
It could see a boost for the reason you have mentioned but at this time we are seeing ant pumps and prices are fluctuating with the same range so not expecting it to go high within this month as we have only 4-5 days left but will see who wins the prediction contest at what price I believe bitcoin doesn't need even a whole day to reach that mark of $18k, An hour with alot of buys and very limited sells could see bitcoin skyrocket above that price, but then, there has to be a catalyst or good reason for this to happen, and this I don't see right now... Unfortunately. So I agree with you, currently, the possibility of bitcoin breaking or reaching $17500 before the end of this year is very unlikely , except there is a last minute miracle, but I am expecting a major boost/recovery in the price in the first quota of 2023. Maybe it will happen only if there's something good to anticipate with which can make people get excited to accumulate, but if there's no news maybe it will remain like this where bitcoin got only small pumps and dumps. But $17,500 or even $18k target is achievable so let see what will happen since there are few more days for year 2022 to end. |
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I noticed that new projects this day are not using bug bounty hunters to see how strong their security 🔐 is, it's not because they don't have the money, they raised millions and don't care..
It looks like getting hacked is a big excuse to rob people's money, they can easily blame it on hack and say 'we are sorry we get hacked' where as they pray for it or have it in mind to hacked themselves .
I read somewhere that some bugs bounty hunters find bug for few new projects that could have messed up the funds but the project team do not compensate them and ignore the bounty hunter. It's like saying ' who told you to find a bug?' .
It seems we need to take this seriously, any project that doesn't open door for legit hackers ( bug hunters ) to test-run their security or system and claim they are safuu are really not.
If there's a hacking on big platform which conduct such activities here in forum maybe we can conclude that they are really using that to create an excuse. But the way I see in service section where if there is a bug bounty campaign open up mostly this is new platform which test how tight their security is. But also maybe some of long exist platform really do this so we need to be aware with that to avoid getting hacked or get rob by scams. Cannot conclude any thing without proof and since some of them might have been hacked it would require a investigation for every project that claims to be hacked. It should be up to the platforms to prove that they have been hacked but even then that would be difficult because you would probably need a third party that is not biased to investigate. Yeah also for sure those people who participate on those activities conducted by platform before they get hack will possibly will leak an information about possible inside job. But none of this happen and I think there's no such thing use as excuse, those platform became scam just planned it without giving a hint. So for experiences we see much better for anyone to not trust any platform especially doing some decision to store some huge amount of money there. |
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If you want to make money on this, you first need to know the technology, you need to understand the power behind it.
you need to know what is blockchain, what is a token, what is a coin.
If you are going to trade, you need to know what pump, dump is.
You should also have a little knowledge of the stock market.
Never take investment advice. stay away from leveraged trading.
Yes! It is equally important to learn technical and fundamental analysis when you are planning to make earning from trading activities, in any financial market including crypto. Trading with leverage is the job of highly skilled people, because one wrong decision can liquidate your account, Hence for beginners, it is better to stay away from it unless you gain good experience in trading.. Many newbie traders think about that trading is easy and they just need to buy and sell without even thinking that they might get liquidated with one single wrong position they enter. And its really needed to anyone who want to do their start up on cryptocurrency to study this for many months because this could be a big help for them if they know on what they are doing on their investments. |
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i have a poker way to make money i will show u it fully if we can work together, not alot of money is needed , why i need money? because i was in debt im making but small amounts we can scal this up i would be fully transparent lets make this money if ure interested send me your discord
If your method is really working then why you are in debt? You can milk a lot of money on your strategy if your claim is true. For telling us your in debt then it shows that you are not earning any profit and maybe you want to deceive forum users here. Also If I am the one which have working method I will not share this to anyone since I will keep it for myself to gain and my strategy will not get busted. Mostly scammers use this word so I expect that no one believe on what you offering here. |
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I noticed that new projects this day are not using bug bounty hunters to see how strong their security 🔐 is, it's not because they don't have the money, they raised millions and don't care..
It looks like getting hacked is a big excuse to rob people's money, they can easily blame it on hack and say 'we are sorry we get hacked' where as they pray for it or have it in mind to hacked themselves .
I read somewhere that some bugs bounty hunters find bug for few new projects that could have messed up the funds but the project team do not compensate them and ignore the bounty hunter. It's like saying ' who told you to find a bug?' .
It seems we need to take this seriously, any project that doesn't open door for legit hackers ( bug hunters ) to test-run their security or system and claim they are safuu are really not.
If there's a hacking on big platform which conduct such activities here in forum maybe we can conclude that they are really using that to create an excuse. But the way I see in service section where if there is a bug bounty campaign open up mostly this is new platform which test how tight their security is. But also maybe some of long exist platform really do this so we need to be aware with that to avoid getting hacked or get rob by scams. |
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