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161  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin (LTC) Huge Pump is coming with New Update on: November 19, 2020, 03:04:04 AM
many people are holding Litecoin. it's one of oldest crypto coins.
Litecoin could has good future, it's most similar to Bitcoin and still cheap and fast to use as online currency.

Despite the fact that many good words have been said about Litecoin, it is only a fork of bitcoin. And I do not know a fork that would be better than its original. It is for this reason that investors invest their money in bitcoin, which increases well in price, while LTC shows us a very small increase.
Actually, I did not notice that price of the LTC and this is the only time that I found out where a pump happened. There is a major resistance at $69 and luckily the LTC manage to break it. The current price is now at 75 but the momentum is not good because it suddenly dies and you can observe its volatility became low after the breakout so I expect that there will be some consolidation that may happen. For those people who are new in the market, do not expect that a certain coin can easily increase because we are talking about supply and demand wherein there are area in the prices where the supply is so high where the sellers overcome the buyers that causes the price to not increase.
162  Economy / Speculation / Re: Bitcoin bullrun and correction period on: November 19, 2020, 01:55:35 AM
The yesterday's candle is seems like the market is indecision between bullish or bearish, I think the following days will be crucial because it is either piercing the ATH or there will be a correction that may happen. I would like to see some correction and small consolidation first before breaking the ATH in order for the price of the bitcoin to become stronger where there will added momentum. Correction into $16,000 is the most ideal scenario right now but I still waiting for confirmation because the last candle seems like a doji with just small body where it also considered as indecisive.
163  Economy / Speculation / Re: When do you think it will be a good moment to sell some of my bitcoin? on: November 18, 2020, 11:34:32 AM
Why don't you trend follow it? It is not about selling it at the top because we are not genius wherein, we can identify if it is already a peak or it will form another peak. By doing some strategies in trend following, we can preserve our gains and we can run while the price of bitcoin is keep increasing. When you do a trend following, the only time that you will sell your bitcoins if its current trend already giving a sign that bull market is already finished. We do not know where the price of the bitcoin will go in this current trend and that is the reason why trend following is good strategy in an uptrend cryptocurrencies. I think the best time that you will sell your bitcoins if there will be a major breakdown indicating strong selling pressure.
164  Economy / Gambling discussion / Re: Gamblers lose more money than win. on: November 18, 2020, 09:47:07 AM
It may actually really happen to most people included in gambling. But in online gambling, as right now, I think the percentage is 50:50.
Nowadays, many people concern about gambling and they are playing gambling. But what makes them still survive until now because they have a different point of view, strategies, and also tricks to make themselves make or earn profits.

And inthis case, related to control how much money have they spent and gained, it is better to make a certain portfolio about winning and lost. It seems difficult moreover many gamblers do not need and also talk more no about this. However, we can think about what will happen to our portfolio if we only have red signs on the portfolio. That is why this is also needed in order to be guided and also at least notes for gambling

No it's not. Still big portions are for the casino owners.

This business are being well designed, even you are into online gambling there are more losing stats than those lucky and pro-gamblers.
Even you succeed creating new strategies in due time house will be able to detect it and adjust accordingly, the title of this post are correct
most gamblers lose more than to bank after playing.
Anyway, the statistics doesn't lie wherein a lot of gamblers are consecutively losing in casinos because it is really hard for them to have unvarying winning in gambling due to the house edge wherein there are certain games which gives the players hard time because they keep spending and losing it real quick. Try to make some observation in gambling industry, their operation will only stop if there are no gamblers who are using their platforms so it only means that they earning more than the people who are winning in their games. Putting money in gambling doesn't mean that we will have a guarantee that we can win there because there are risks that should be understand first. For me it is all about luck, skill and frame of mind in order to have unvarying winning.
165  Economy / Trading Discussion / Re: What should I study to learn how to trade? on: November 18, 2020, 07:27:23 AM
Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?
To become a good trader, you need to learn a lot about economics - finance, and psychology. First, you should read about the example of millionaires to be able to comprehend the idea of trade as well as how they turn $ 100 into $ 1 million. To me, thought is very important throughout your trading process.
In addition, after understanding how to get rich in trading, you need to learn more about psychology. Way to steady psychology and get rid of the temptation "greed", which has made many traders lose a lot. I guarantee that it will take you about a year to master the above skills. The amount you start trading to test your strategies should be only $ 100, subdivide it to make a lot of orders rather than all in slightly bro.


You are actually right because psychology is really important in trading wherein a mindset can affect our overall decisions. For me trading is not about technical terms, it is about mindset where you can choose between a winning mindset or a losing mindset. There are also traders that thinking quick rich in trading that makes to lose huge amount of money not knowing that success in trading is a long-term process usually takes years in order to build a good habits and mindset.

By becoming aware on what we feel, then we can become also aware by our thoughts are forming like that. There are a lot of emotions that should be consider before and after trading like greed, fear, uncertainty and doubt.
166  Economy / Trading Discussion / Re: How do you define a good exchange? on: November 18, 2020, 03:03:42 AM
All I want from an exchange is that first, he must have responsible, honest, hardworking, and qualified human resources. Don’t let it be because of Un quality human resources, users leave your exchange because it has a bad image. If the human resources on your exchange meet all the requirements, then your exchange will become a responsible exchange and keep the user’s assets safe. There are incidents, exchanges hacking user money, or user money being embezzled by the exchange itself.
It happened because of unqualified human resources. I want to find a trustworthy exchange. Can you and your team make it happen?
I guarantee your exchange will be successful and great. Give us trust to trade on your exchange.

 
Reputation is everything, once a gambling website's name that been tarnished; expect that the reputation will slowly to crash where a lot of investors or traders that are currently using it will fall apart where they will switch into another exchange. Service of the exchange is the important part wherein there should not be any glitches in using the exchange, there should be no lag at all because I experienced to use a lag exchange before where I really got frustrated and also a exchange that have a good support team. Look also to the review of the others especially those who first experienced to use that exchange but not all of reviews are good because some of them are just promotion where they are deceiving a lot of people. Concerns in trading is inevitable and the only way to have an answer to our concerns are by communicating to their support wherein there should be smooth and fast replies.
167  Economy / Speculation / Re: sold mine at 14100 dammitttt on: November 18, 2020, 02:00:52 AM
Heres the daily chart I have for BTC since the OP started this thread 5th Nov and we do have a regular bullish rise.



Its pulled back at times but its quite a tight channel and if anything its broken upwards rather then testing downwards especially harshly.   You can see after the big green bar it did rest a while and trade down a bit but never especially below the 14.1k pricing.   Right now its outperformed the bullish channel and could pull back some and still remain positive within this trend.
   I wasnt sitting on this idea, I only just drew it in myself on the chart and realised it all lines up quite neatly or I might have traded a bit more heavily myself.   50 day average is 13k now and 200 day about 11k which is also a good place for a hard pullback and I've no idea if that can happen or when but that break is not especially predictable right now within my vision.

The price of the bitcoin recently broke out in small channel and it is good because even though the consolidation is small where it telling that the people are currently greedy, the price have huge volume indicating that buyers are still in control. I'm expecting some retracements at $17,000 exact because there is a parallel support there where for sure that there is huge demand in that specific price. If the price managed to hold above $17,000 when a shallow retracement come, expect that we are going to see that the price of the bitcoin can manage to break its all time high.

For those who sold their bitcoins at early stage, I think it is better if you will just re entry at the breakout of the all time high or at the upcoming retracement if there will be a swing low that will happen. Lack of confidence and lack of planning are the 2 main reasons why we are making mistakes in terms of selling and we should develop it in order to not the same mistakes again.
168  Economy / Gambling discussion / Re: Gambling Gang uses crypto for illegal purposes on: November 18, 2020, 12:58:03 AM
I don't understand the Chinese government's view of gambling, why not follow Hong Kong and Macau, which regulate casinos well.
Yet if the Chinese government is more open to industrial gambling it can be a source of income, and with the gambling gang itself,
there is no need to send profit money from gambling abroad. Or try to see how the American government manages casinos,
I think the Chinese government should not be too strict about implementing rules that make its residents uncomfortable.
Actually many casinos in our country are being managed by Chinese where the owners are also Chinese, for me it is not unique anymore because a lot of businesses are being owned by Chinese. Look at the gambling industry right now where it is currently booming where are lot of investors are keep entering because they saw a lot of opportunities. I do not know why the Chinese government is so strict when it comes to their citizen but one thing is sure they want to protect their citizen and they want to control them. I think you can hide your money through online casinos if you do not want to trace your transactions. For sure that there are now a lot of people who did that in order for them to access their money even though they are in another country.
169  Alternate cryptocurrencies / Altcoin Discussion / Re: How about day trading Eth? on: November 17, 2020, 01:52:17 PM
I actually trading ETH daily because what I want in ETH is the volatility where I can handle it unlike other altcoins out there where they are really volatile where my winning rate is so bad for a momentum trader like me. I using multi time frames when I trading ETH, these time frames are the 15 minutes, 30 minutes, 45 minutes, 1 hour and 4 hours. For beginners I suggest do not yet try to use multi frame time frames because it is really confusing at the beginning but if you gain a lot of experience and knowledge then it is the time for you to try use it. I recently make a profit in ETH last 2 days ago where I bought at $441 with x5 leverage because of the rejection there and I make 15% gains in just hours. 
170  Alternate cryptocurrencies / Altcoin Discussion / Re: Hidden team members or not make any difference? on: November 17, 2020, 11:45:47 AM
Hidden team members in any project, this is the question mark on project ? is this project really legit?
Well real projects never hide anything related project like team members background, their experience these things can attract investor to project.
If team already hide from project then this kind of projects never last long in crypto field and fall becomes project destiny.   
Having hidden team members would result in doubt of the one who sees the project that can result in the distrust of the whole community. We do know that good projects didn't hide their team identity at the start of their projects that made the idealism of having a project that hides the team member's identity will have a high chance of making unethical business scenarios such as scamming and also make the community suspicious of the project. Revealing the projects team identity isn't a requirement but it is the standard to make the project successful.
Doubt and uncertainty are the mental state that the investors will feel because they do not have any idea on who are the people that are running the project. If I'm an investor I will probably ignore those projects who doesn't naming those people who are behind those projects. For me, the scam probability will easily increase because the name of those behind the project are unknown and you cannot sue them if it is really a scam. Trust is important in a project and team members should give a short background and information about all of them even though it is just a piece of sentence as long as it is well detailed. I really do not suggest to make investment with hidden team members because the risks are too high where the possibility of you losing the money is also very high. Avoid project that have hidden member and just focus on projects that have information about the team behind it. 
171  Bitcoin / Bitcoin Discussion / Re: The Risks Of Bitcoin Going To Zero Has Gotten More Lower Than Ever on: November 17, 2020, 04:03:55 AM
With the current increase in the price brought about by the halving and much leser known factors, it is no wonder that bitcoin was able to secure itself from it's own volatile nature. Though this comes at a cost of course. With this huge increase in price, it will be harder for investors to own bitcoins even when at a dip. And whales would most likely dominate the market. Not to mention the huge transaction fees that this will ensue.
For me halving is one of the factor that causes the bitcoin to go rally wherein there is capitulation that resulted to the sellers to give up and it is the reason why there are consecutively green candles in the chart where it's indicating that the momentum is really high where the demand is keep increasing but halving alone is not enough and there are more factors. For me there are 3 main factors that causes the price of the bitcoin to have a price rally like what happened in the year 2017 are because of the general market sentiment, because of some news like when the Paypal released that they will accept bitcoin and the bitcoin halving. The bitcoin halving occurred in May and we are aware that there is no short-term effect, the recent price surge is the long term effect of the bitcoin halving.
172  Economy / Trading Discussion / Re: Gunbot trading story on: November 17, 2020, 02:52:26 AM
I have used it time to time, the good part about it is the fact that you get it for life so I only paid once and it was years ago so it was cheap and didn't cost me much and if I want to I could literally just sell the token I got from them and be in profit just from that. Aside from that to answer your questions the biggest I made from one trade was 220% profit, that is very very very rare because I do not program my bot to sell that way anymore, it has to be something like a huge spike for it to happen and even at that my bot has to realize that spike a bit too late, I configured it to sell quicker.

I still hold a bag from 2018, but that is not really fully on gunbot, 2018 was a horrible year. I bought a script once from someone and just change that a bit and made it my own, not using default options. Binance, I do not actually use anywhere else.
Oh wow, I didn't know that a trading bot can give you a huge profit like that but as you said it is very rare so earning that kind of gains is once in a blue moon or it can say that it just a luck. I do not yet use Gunbot because I'm one of the haters of trading bots because for me it is a waste of money to purchase and avail one of these. I promote self-trading wherein you are the one should create decision where you are always creating plan for your perfect execution. Most of the opinions and past researches that I've read; trading bots usually have bad reputation because only few people are making gains. I do not why I do not have any plan to use that gun bot maybe because I now know how to make consistent gains in the market.
173  Economy / Trading Discussion / Re: Which is the secret to success in trading? on: November 17, 2020, 01:29:30 AM
If you really wanted to gain success on doing trading, of course you must be able first to make yourself be knowledgeable enough and do not let yourself be ignorant or left behind into certain information you must know before starting off on doing trading. Trading is a serious matter for you are aiming to gain profit while lessening the probability of gaining loss through basic knowledge and strategies that are suited for that specific situation. Loss is the most common thing present upon doing trading most specially at this kind of industry that we are currently in with. Loss can be handled if you certainly know your asset or the currency where you have decided to do trade with. Upon assessing and analysing how things work, you can be able to strategize on dealing with circumstances. Also, as a responsible trader, you must always be updated on the current trends for it somehow affects the behavior of the prices which can also be another contributing factor on the price change.
If you let yourself to be one of those ignorant traders then you will become part of the majority of the traders who are keep losing the market. Actually there are researchers that saying that 93% of traders and investors are keep losing money in the market while only 8% that are keep consisting making profits. As a trader you can choose any on those two, if you want to be part of 8% then you should treat trading as important and you should not just treat it as a joke. Being ignorant is not funny at all and It is really hard because no matter what they do they are still keep losing because they are know focusing on becoming well informed about trading. If we become well informed about it where we have a lot of concepts that we can use, for sure that we can become part of those 8% that are profitable in trading.
174  Bitcoin / Bitcoin Discussion / Re: Buy Low, Sell High on: November 17, 2020, 12:21:25 AM
Buying cheap and selling high are all investors' expectations. investors buy tokens at low prices and sell at high prices to get alcoin profits, some buy cheap prices and save in the long term waiting for the price of coins to rise and when the price of coins rises then they are sold.
But some people don't really go with the original strategy. when the price starts to rise and there is FOMO many want to buy it and of course they will buy at a high price, but when the price suddenly starts to fall or dump everyone panics and sells it cheaply. This will certainly be very detrimental, the lack of mental readiness when trading will have bad and detrimental effects. Holding on and waiting for the price to rise is better than having to sell it at a low price.
Easy to say but you would need to endure all of the stress and patience would really be mainly tested out.Its easy for that buy low sell high but the thing you had mentioned
which had been part of the reality where people do opposite thing instead.

People do should have that readiness and risk taking decisions because it isn't really easy to accumulate or buy coins when the market is on deep reds.
Even myself would still hesitate on times like these even though im already old into this market or have been in a while.

Most basic but really hard to be done when you are in the actual situation.
I became like that too where I'm part of the people who are boasting that I can make money through trading easily and If I'm not mistaken I said it just a piece of cake and it is a "basic" but I ate all of those words when I first make investment in trading where I lose it in just weeks. That time I found out that I need to take it seriously and I need to spend most of my time to study it for me to become knowledgeable enough to make a trade. I'm once a newbie where I thought that I can make huge gains by following buy low and sell high but I'm wrong because I always making mistakes when I was a newbie.

When the price goes down where there is a big red candle in the chart and it is indicating a huge dump, I do not suggest others to buy at its dip because it is like a catching a falling knives where in you do not know if it is the low of the lows. Imagine that you bought XRP/BTC on September 24 where the price is BTC0.00002150 because you thought that it is now a low and you are anticipating a swing high but look at the chart now the low of it formed another lows and the current price of it is now BTC0.00001750.
175  Economy / Gambling discussion / Re: Why most of us are losing money in sports betting? on: November 16, 2020, 01:00:28 PM
I believe that most of us are losing money in sports betting, but I'd like to know based on what you read and your experience (if you have) the reasons why we are losing. Personally, I've been gambling for years, I'm just an ordinary gambler who can't be too serious with gambling, but I can't deny that I have been losing money more than I win.

Share some tips to win or to minimize losing?
______

This thread is open for the winners and losers.
You can only have an edge in winning in sport betting if can stick with the sport you are well versed or knowledgeable in it else you may continue to lose your bets, avoid gambling randomly without being focus on a particular sport.
Personally my own prefernce in sport betting is soccer beside being a soccer fan, I have the ability of predicting some matches based on both team to score, goals below or above certain range  e.t.c resarching on various.teams is also very helpful in placing my bet.
In soccer betting you can win consistently with 2.0 to 3.0 odds without much risk.
Lack of planning and lack of experience can result to have bad performance in sports betting, I make sure first that I'm in the mood before I bet in a certain sport because I want to have positive emotions first for me to able to think and analyze the performance of different teams. I often do sports betting in NBA but now there are still no games and I recently switch in PBA where it is now in playoffs and there is now elimination. Before I bet in specific teams, I usually analyzing the odds where I'm looking on who is favorite and who is the underdog then I will analyze the individual strength and weaknesses of the individuals there. I keep gaining a lot of data for me to add conviction on the team that can win in the match.
176  Economy / Gambling discussion / Re: Online Gambling could be used to pay for covid problems on: November 16, 2020, 10:01:25 AM
Casinos are obviously a good help to the economy of each country since it's one of the businesses where continuous profit is happening. Many people are wasting money to have fun and to be entertained, and our country will benefit from it in terms of taxes.

People are on their homes because of the quarantine besides gaming, watching movies, gambling is a big attraction because they can win money here, there's never been a time where people are online most of the time, only on this pandemic and many new gambling sites are launching in trying to have a share of the big market, even if the pandemic is gone gambling sites will continue to have a steady flow of profit.
Actually, even though there is still no pandemic; the online gambling sites are making huge profit because there are a lot of gamblers from traditional casinos that are now switching into online casinos because of the convenience that they can get and also entertainment. When the pandemic happens, the gambling industry expands wherein a lot of investors are focusing on online gambling sites but only few managing to survive because it requires good marketing and good promotion in order to patronize by other gamblers. In terms of financial problems because of the current pandemic, online gambling can be one of sources of income as long as we should have consistent winning in the type of the game that we are playing because we can experience losses if we do not have enough experiences especially when it comes to betting and many more.
177  Economy / Trading Discussion / Re: Copy Trading... on: November 16, 2020, 07:08:00 AM
Copy trading can do have both good and bad effects for a trader. Good effect is for the inexperienced trader to still be able to do trading even without experience and prior with such thing can still make him profitable on the field of trading. The bad side is that copy trading can also lead a trader to be ignorant and become reliant into other traders strategy and will not be able to do trading on his own way. Which such dependency on copy trading, you are still putting yourself into the risk for you certainly not sure if the ones you are copy trading can lead into success or failure. Nothing is wrong in copy trading. It is just that you as a trader must learn to still do trading on your own without being reliant into anyone or anything.
Copy trading can benefited you where you can get passive income even if you have work or if you have busy schedules. It is better to make investment that to save your money in banks and it is the reason why I suggest some of my relatives to just do copy trading if they do not have time to study trading. There are two bad sides that I saw, first is the profitability of copy trading; not all of copy trading are profitable so make sure that if you will do copy trading, you will copy those professional traders out there that can give you high returns. There are instances that the copier is experiencing losses because he copied a trader that is not profitable in the market. The 2nd is you cannot gain experience because you are just the copier and you are not the one who are executing the trade.
178  Economy / Economics / Re: The Difference Between Staking and Investing on: November 16, 2020, 05:18:46 AM
Stacking is locking your coins away for monthly or annual rewards and investing is buying the coin or token and hold for any future market surge, they aren't same thing and investing gives you complete control over your coins and tokens, it's different with staking, you imprisoned your coins for a limited period of time for rewards and sometimes the staking coin loses values while you locked them away

You can invest in staking coin, you will get dividends and its nice passive income, and in case of the price rise your profit will be greater, your coins + received coins. Now is it better to invest in staking coin or in coin with other purpose is up to you, I personally like staking coins and I have few. Now staking with some wallets or on exchanges is easier than ever before. Of course rewards varies from coin to coin and from place where you plan to hold your coins.
Nothing is risk free, and we need to risk to make profit. I think there are good coins for staking on various places but always DYOR before you decide anything.
For me it depends on the criteria of staking, there are projects out there who are offering staking but your coins will be lock in specific time period and it is what I do not like. I want to study and make a research first before I do staking or investing. Staking is good because you can earn passive income but what if you stake a coin that have no potential where it experienced huge dump and it has a lock time period? how can you able to regain the losses that you incurred if you cannot withdraw it. That is the downside of some staking and for me investing is more good especially if you have an access on your token where you can able to sell it whenever you want.
179  Economy / Trading Discussion / Re: Crypto Investing/trading Opportunities for stable returns? on: November 16, 2020, 04:16:26 AM
more than 99% of investing firms like what you mention above is scam. You can trust non of them at all. Even there were many platforms that had proven trustworthy, they still ran away with investors's money. You can invest your money on Insurance Companies, they are offering a great return annually. Or maybe some fund companies are suitable for you, they have a larger interests than overall.

Why dont you just make your own investment on bitcoin or gold ? They are quite safe assets which can generate your money passively over years. You can easily gain double your investment in 2 years by investing in such assets. I always believe in bitcoin because its benefit is undeniable. Moreover, rich people love to hold bitcoin during these days

If you are looking for stable returns then you should try mutual funds in your country just make sure that you will choose a wise fund manager because there are really some fund managers who are not good wherein you may experience losses instead of profit. But if you have time then why not you are the one who will manage your own fund, I do not like stable returns because there are many opportunities out there that are becoming waste if you will not take and grab it. The 12% gain that you are looking for in a year are too small in terms of the daily gains of some cryptocurrency and stock traders. There are some cryptocurrencies that gaining more than 100% in just a day, this is the reason why I suggest to make investment in this kind of asset in order to not waste this good opportunities.
180  Economy / Trading Discussion / Re: What should I study to learn how to trade? on: November 16, 2020, 03:13:17 AM
The truth is there are now many information uploaded in internet so you can learn without buying books or some thesis in the marketplace. If you are a beginner I prefer you to study basic fundamental and technical analysis. Those two types of analysis can help you to have an idea on where the price may go by reading the chart and its price action and also the financial statement of a certain project.

If you will now make investment, I think it is better if you will start with low amount of money first maybe $50-$100. That account will be a trial account that can help you to understand and be familiarize how the market reacts in everyday. I do not suggest investing huge amount money on your first investment like $500 or more because there is possibility that you can lose it all.
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