Only 10% of traders make profit from trading, the rest always run at loss in the market. This is because trading is so complex and plays with our emotions. To be a professional trader is not easy but to be a long term hodler is easy as long as you don't over invest in bitcoin but use only your discretionary income to invest in bitcoin.
Hodlers are making profits with ease because their bitcoin portfolio generates profits for them overtime. Unlike traders that will pass through stress and emotions and might still run at loss. Trading is risky and can lead to great loss, but hodli is easy and limits losses, since the price of bitcoin increases overtime.
Yeah same as majority of Bitcoin investors are hodlers not traders correct me if I'm wrong. I think there is only small percentage of profitable, skilled and professional traders compared to those who just accumulate and and wait for the bull run to come. I can even see professional traders make a devastating loss from a trade so yeah if you wanted a stress free investment then just do DCA or become a hodler as it makes sense to me. Guys, almost nobody is a "professional trader", there is a reason if 90% of the people doing trading loses money. Let's just take a look at the big hedge funds, they're supposed to have the best traders, the best tools, the best info, and yet normally a passive strategy obtains better results. Making money or living off trading is something that almost nobody can do. I prefer to keep things simple, DCA is the safest way if you're in for the long run. I disagree with you Mate. There are professional not just professional but, professional profitable Traders who live and finance there daily needs through trading, discard such mentality mate and your fact of 90%. Hedge funds run on a different system as they profit meeting up there set yearly goals, don’t give a point about what you don’t know and I doubt you understand anything about Trading. Trading isn’t a sustainable approach to Bitcoin as it would yield no good results apart from you profiting off your trades whereas Accumulating and Holding with a plan yields good results as you build a Bitcoin portfolio overtime and your value keep increasing. I don’t see any need to trade bitcoin when you can accumulate and have your own Bitcoin with same money you wanna risk in trading. Bitcoin is a valuable asset not a Tradable coin to make profit off. Many were trading Bitcoin while others were accumulating more, the Holders are smiling because value increase and is increasing. |
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I have seen where people say trading is a quick to get money.
But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.
Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.
So, how can you earn 50-1000k like them if you didn't put in the work?
Don't worry about them because they are not a real trader and much more, they don't know about trading in real life. What these people did was more than manipulate their minds and think that trading could make them rich instantly and easily. In fact, a lot of people are saying that but guess what, we never see them improve their living. Even if we are in trading for 1-2 years, if we never improve our strategies, we will still be like beginners. Success is not measured by how long we've been doing this but by the output of our trades. I agree with you. The basic thing is improving and refining our strategy ( having an edge). If we neglect this factor we will keep struggling like newbie or a beginner. It doesn’t really matter about how many years one have been trading to determine how successful such person will be ( in essence years only count in experience not profitability). Success gears down to your love, zeal and determination fueled with process and time. This makes a profitable trader. |
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Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point
That is not a good strategy, your strategy speak more of a trader or otherwise a gambler and that could be misleading. Bitcoin investment is not like gambling. Those that followed same pattern or procedures got disappointed along the line. There is no success in trading for a short period of time. Long term investment through DCA is the goal. Your selling point should be when you have met your target after a long term of HODLing. By then you will start thinking of selling. HODLing for long with backup discretion fund is the key. And invest the amount you can comfortably spend without overdoing it rather than some sort of gambling. while we still put in effort to discourage selling off our Bitcoin earlier than expected as it will in the process cause a serious reduction in the quantity of our stack, let's be realistic enough to know that making statement Like "there is no success in trading for a short period of time" isn't totally true and might send a wrong message as though it's just only when you're able to buy for a long time that you will make profit out of your investment. I don't think if you get my point clearly. In as much as I said there is no success in trading doesn't mean I am sending a wrong message, but telling you from my own paspective. Inrespespective of individual differences or people's opinions on trading, HODLing or whatever I still stand on my own opinion, that no much success is guaranteed in trading compeard to a long term investment. Although I can't disproof the fact that most people don't make money from trading but my main point of saying no success in trading is that people who trade often end up having problem of emotional imbalance between when to buy and sell which makes them sell at lost and would spend there time all day trying to check signal, ups and downs of candle sticks, why HODLers keep HODling up for longer duration and makes alot of profit without stress. Let me take you back to early traders /gamblers, most of them who never knew the potential of bitcoin where trading on bitcoin regulary and making some little profit but as time goes on most of them became tired of little profit they made . They become tires and sold all bitcoin in there possetion, because they thought bitcoin would never do much better than the current up and down they where conversant with at that time. But the HODLers who where fortunate to have bought from the traders and keep in there portfolio are multimillioner because they were patient to HODl for long. if I can buy a $200k worth of Bitcoin in two years and sell it at $300k, does that mean I'm foolish with my investment strategy or that I gambled with my money?
You explanation doesn't fit to that of a trader Which you are trying to defend. You are making reference of a trader yet your explanation is still directing towers a HODLer and not a trader. If I may ask you a person who Baugh a$200k woth of bitcoin and made a profit of $100 in two years, is he a trader or a HODLer? In whatsoever way you sugercoat it HODLing for long guarantee more success than trade. People don’t still understand that Accumulating and Holding Bitcoin is the best approach and not Trading. This very point have been over emphasized over and over again. This shades is from panic, emotions, fear and careless about price movements and market fluctuations. Bitcoin is a valuable asset not a Tradable coin to make profit off. More persons are going to regret, accumulate as much as you can according to your plan. Have a system that pushes and propels you to your set Target in your accumulation journey. |
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That's true , but still lump-summing is also a nice method of purchasing Bitcoin, expecially when one have some good cash flow . Because most time it help to give some good head start in one investment . For instance one may have $1k( $500 is for covering expenses while the remaining is for investing) and the individual have some nice cashflow. So he or she can go all in with the $500 then may decide to start using DCAing after that . With that he or she will be able to coverup more ground in his Bitcoin accummulation, so most time making use of all the strategies actually nice , but if you see you can keep up you can stick with your normal DCAing.
I agree with you. This will help boosting the accumulation process especially as a starter before, then sticking to your plan and DCAing with the amount you are willing and capable to meet up with weekly, quarterly or monthly. The goal is to be aggressive in our buying but not exhausting oneself in the process and pesting on other funds just to meet up. |
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The most I've been able to get out of all you've said is entirely correct and true.
You have a tremendous viewpoint of what the DCA strategy is all about (although with some little flaws) and how beneficial it is to those/choose chose to adopt it as their method of Bitcoin accumulation.
Inasmuch as what you've said is correct, it can't always work out as expected, although it could work out most of the times, but not always, due to the unpredictability of the market, you could still split the money into smaller units and still buy through a dip or buy more when prices are high and less when prices are relatively low, which could actually be considered as loss.
It's doesn't really work all the time regardless of the fact fact that it's actually one of the most effective techniques when accumulating bitcoin because by splitting your investment into smaller units and using them to buy at different price points.
This method is very essential because it helps you not to invest too much at the wrong because you're investing in units, and it can also help to stabilize your emotion and balance it a lil bit more in the middle of a market fluctuation.
Hey do you want to do an experiment on the difference of opinion. Maybe we could setup a thread with the two of us in, and setup some rules for the experiment. Im totally open to discussing and defining the rules but i was thinking something like this Term - 12 months, split into 52 weekly time frames Budget(Imaginary) - $5200 Exchange - Bitstamp for pricing buys Changes Allowed - Sundays only and require to be posted on the thread. I set dca up for a fixed weekly buy, at 5pm UTC on a Monday every week, and then record the imaginary btc amount in the thread. I can change my dca amount any week by posting in the thread on Sunday only but cannot go past the Budget of $5200. You post every Sunday in the thread with your market limit buys targeting your dip targets for that week Mon - Sun , if any hit during the week, you record the btc amount & price paid in the thread. You can cancel your limit buy orders after they stayed active for at least one week. You can set any amount to the limit buy orders but cannot go past the budget of $5200. At year end we tally the total amount BTC, AVG Price, $Spent and see how we did. This is not a bet/wagering opportunity just a simple experiment. Others ofc can bet on the outcomes tho. Any interest? Your experimental plan is quite good, but this isn’t a thread for that you can choose to do so by yourself and give the feedback to the community. Am not against you but this thread is for educating and sharing opinions on how we go about investing and holding of Bitcoin to build a solid portfolio overtime. Not necessarily involving anyone or anyone betting on any outcome. |
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If the kids are taking gambling more seriously than their school then they have to check out the parents if they're guiding them properly.
If you know someone personally OP that they've got kids or the kids themselves are more focused to gambling than their studies, report it to the school administrator and to their parents.
With too much usage of the internet is also helping these kids to get more of gambling and that's why, proper guidance and limit of their usage is a must which is the duty of the parents.
I agree with you. Lack of parental supervision is also one of the major factor causing the increasing rate of bad habit and practice in teenagers. If the parents play there role with a strong hand of discipline I doubt this will be the case at least the fear in the children will limit the extend to which they incorporate such habit. If those teen now take gambling as a source of income how then are they gonna live in the years coming. |
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It will be very naive of any person wether newbie or not to invest without prior knowledge about such investment. Leading comes before anything most especially in a financial market like Bitcoin. You will surely end up losing and keep losing because you know nothing. Remove the L from learning we have Earn, it just like you asking” Can one drive before learning how to drive”.
In every sense this isn’t worth a question to ask, everyone with a right sense of thoughts and judgement know and understand that the most important factor is knowledge it doesn’t need to be a newbie.
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It is true that self-control is very important in carrying out gambling activities because if there is no self-control then it is certain that all gamblers will experience a lot of losses and losses, resulting in new problems emerging in their lives.
And if we maintain control well then we are in a safe position when gambling.
Yes, you are absolutely right, online and offline gambling will often tempt our attention so that we are interested in betting there by trying to come up with new types of games and if the gambler does not have a wise attitude and strong self-control then it is easy for the gambler to be immediately tempted by the tricks he uses. by the casino host. So gamblers who initially want to have fun find themselves in a slump due to the large amount of money they have lost due to excessive gambling and often losing more than they win.
This depends on our lifestyle. If you are an outgoing person, then you are more likely prone to offline gambling but if not, well it was the other type of gambling is the one that can get you. I still think that online ads are more catchy and easy to get noticed than the offline ones, no wonder why the OP said that online gamblers are more profit chasers than the offline ones but we must prove that we are stronger than these temptations around us. This is the only way for us to achieve our dreams and not help somebody else to achieve their dreams quickly. I think that's true that most gamblers wants to have fun only but it's sad that they ended up becoming a gambling addict later on. I agree with you. Online or offline is based on individual choices and personality. As everyone is different as well as wether online or offline we can’t tell both is for profit and business and they make it available in there own space for gamblers which is left for you to choose and be moderate. |
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there are various levels of poor people, but yeah, there can be poor people with very little discretionary income and they would be less poor than the guy who has absolutely no discretionary income and is struggling in other ways with basics of life such as food and shelter... .. and we do likely know that there are a quite a few people who are not able to save and/or invest.. so yeah, if they cannot somehow increase their income, then they would not be in a position to buy bitcoin.
True. They might have the intention but the truth remains that the financial status of any individual often is a limitation to there proposed investment plans. The reason why many fail in bitcoin market is simply because they neglect this factor and think of bitcoin as a get rich scheme with a wrong orientation from ignorant individuals. So they invest everything hoping to for max return within the shortest possible time and the reverse be the case they get pissed up and regret. Because they weren’t really about investing but to improve there standard of living which isn’t the right state. Investing is discipline which is fuel with finances, that ain’t gonna burn you but keeep you on track according to your plan. Till we grasp this we keep getting confuse and also fail to meet up targets. Invest within your means with a hunger to invest more, always value reinvesting not just having your return. |
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This year we already had several new ATHs between $69k and $73,794, so are you waiting for more?
If you are merely waiting for a new ATH, then how are you going to know that it is enough? and why would you necessarily hold your value in dollars rather than holding your value in bitcoin?
Yes you are correct we have already achieve new ATH for the year 2024 but there are more chance to achieve more although this is on base that positive news comes up then it would really effect the market so easily. Though since we had already achieve ATH for year which the price touches $73k was at a cause of the ETF approval which many of us knew about it that was why it seems that bitcoin didn't follow it's historical data, because usually when halving passes the next is to carefully monitor the market while we gradually moved to the next year to achieve a new ATH. Saying we have achieved a new ATH of 2024 makes it looks like ATH is created every year but I want us to understand something, the market is determined by itself whether the price of Bitcoin will soar high or reduce and it is the price movement that will lead to creating a new ATH and since there is no much investors coming in makes the market to look stagnant and revolving within some price limits and falls. Even if the approval of Bitcoin spot ETFs made bitcoin achieve a new ATH before the halving but yet another new ATH may not be created again till after the bull market so there is no need to hope on Bitcoin reaching a new ATH again as you can just HODL your Bitcoin whether a new ATH comes or not but since your plan is to hold for a long term. It's a circle and a market principle we must experience and the market always maintain its principle, and again we don't experience ATH every year rather it is created every single 4 to 5 years to come. Market is volatile if I may say but as trader or investor who has decided to venture into bitcoin would only exercise patient and of course for bitcoin investment long term hodling is always the best option. The halving we experienced made lot of people think would experience another this year but of a true seeing another ATH is under probability we may or may not but surely the bull run is by the corner and this could be possible from next year. Be versatile Be realistic Be sensible Be good on handling emotions Market is something that cant really be predicted as always. Dont expect or anticipate on something or you are that expecting to happen because if it doesnt then disappointment would comes next. Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point or level then it would really be just like that. Yes, it do really sounds basic but on the time that you would really be making out such decision then it would really be that so hard on doing such thing. So results and outcomes would really be that different to each person on which its not really that shocking on this case. Bitcoin market is a very volatile market, yh we can’t predict the market but surely all financial markets have a roadmap which also helps us as we anticipate with previous and past datas. For me the most important factor is “plan”. This shapes everything anyone would do, if you stick to your plan I don’t see any need to fret, the market doesn’t always present the right time to buy or accumulate that’s what DCAing shades us from gives room whereby we buy without bothering about market prices. You’re setting a plan you already know your ratio or the max return on your portfolio and your selling point over a given period of time not just a pump in price you sell or a drop you buy and sell it more or less gambling. Invest wisely in a valuable asset like Bitcoin not a tradable coin. |
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I never regretted been part of this push-up challenge my wife has already testify that this push-up am always doing has really helped me a lot that even the way I tumble her on bed is unusual, and I told her is power, stamina, and energy I have gotten through my push-up exercise.
I was able to hit a total of 305 push-up in last 3 days.
My present push-up record.
100k,Zackz5000,68,8545,2024-05-08.
You should take it easy with your wife before you shift her womb. I know you are full with stamina end the energy is high now. Just make sure you don't hit your wife the way you are to hit a pros. Don't take the way the energy is full at the moment and cause havoc. Hahahahah You sound funny, honestly my wife is not complaining she is the one enjoying it hitting them hard is one thing that makes most marriages to last without divorce, because the inability to satisfied your wife most time always leads to broken marriages. So mate I will still be steady in this push-up challenge to keep this happy marriage hahaha. Smiles. You’re performing your duty as a responsible husband with fulll body energy, I can’t say cause am yet to get married but I love how this challenge is helping everyone and also like your case enabling a satisfied and happy marriage life, yh majority of broken homes is caused because of lack of satisfaction from partners. I can see you already have drawn your motivation to keep going on this Challenge, just to keep up your Man duties, also channel same energy to other areas. Keep up Mate let keep going, it more than just a mere challenge. |
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Losing self-control is an event that is not at all profitable, if they lose control when gambling, it will clearly make them addicted to gambling, which will lead them to even greater losses. and this loss of self-control occurs because of their uncontrolled emotions which may be due to their wrong thinking too, they think that gambling can really give them an easy win, whereas the winnings in gambling are based on their own luck, no matter how They gamble hard, but if they don't have luck in gambling, they won't be able to win.
Maybe they can increase their chances of winning by doing some gambling that requires skill to play, because in my opinion gambling that requires skill can increase their chances of winning but doesn't change the luck portion. actually I think that those who lose a lot of money in gambling are because they want luck to be on their side by force, whereas luck is not like that, in fact luck will happen suddenly, I have experienced luck which can give me victory in gambling which I did. Just do gambling appropriately, if luck is on your side it can make us get big wins or even jackpots. Don't force yourself to continue gambling because even that doesn't guarantee that we can win, but it can certainly make us lose more money.
Yh gambling too much doesn't guarantee winning. But I don't believe we have lucky and unlucky gamblers. Everyone wins by chance present in such game or casino not by luck on your side or not. If we say luck does that mean others who lose because they lack a system, wrong analysis doesn't have luck or one can win as far as luck is on your side,lol. This confuses many, mehnn we win based on chance and our analysis on such game. Keep luck outside the box, when we lose we Loss too by luck,smiles. |
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I have not really been serious with my exercise lately do to some circumstances but considering how important or health benefits of push up I make sure to utilize every opportunity I have to do some Push up, so actually instead of skipping it althrough I had to make out a chance every morning before going out I do at least 50 push up calculating it from a couple of weeks now I would have a total of 50*16= 800 Push up, so with that it helps me to keep fit without too much of stress.
So I would highly appreciate if @Dirtykeyboard will add me to his system with the format below:
100k,Judith87403,50,80,2024-04-22
The important thing is that you are able to do push-ups, even if you do not do 100 push-ups a day. I think you made a mistake in your push-up report. You wrote 50 days and 80 push-ups in your push-up report instead of 16 days and 800 push-ups since you did the push-up for 16 days to get a total of 800 push-ups. Below is the format to use in reporting your push-up. 100k,UserName,DaysofPush-ups,Total push-ups,yyyy-mm-dd I don't seem to understand why someone will tend to push more than average which I believe is a lie just to prey upon the ignorant ones. You don't need to impress anyone with numbers this will make your actual motive misplaced, the reason,,need and why you joined with the health benefits involved. My new report is; 100k,Bravut,6,450 2024-04-22. I was able to make up. I decided to accumulate the process like Bitcoin, lol. Its getting interesting day after day with immense health benefits from my muscles,thigh and general body well-being. Check my heart performance recently and the record is up with proper blood circulation, take it serious bruh not just for doing sake but for your health as some of us get too bus working but this shape and bend us to exercise. My new report is; 100k,Bravut,21,1575 2024-05-07. |
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Trading is profitable during bull season and there is no harm in trying as we can't tell ourselves if we are good at this if we never do it.
of course, holding is less risky and also profitable but if you don't have patience, this will never work.
Generally, we can just tell which one suits us after having a try on both of them. For me, I would say trading is a good choice during this time but after this bull season, I will become a holder again. We choose the option where we think we can do well, not because we see people doing this. That is why we should try and let us see the result before deciding as this also depends on our behavior, knowledge, skills, and interest.
Interesting perspective! I'm curious, what factors do you consider when deciding between trading and holding? And how do you determine if you're suited for one over the other? That will depend on you and only you know your own strengths and weaknesses, no one can help you choose a method because no one is in your situation and position. If you have the ability to trade and are confident that you will make a profit from it, why would you ignore it? But if you do not have the knowledge and feel that trading is too difficult for you, you should choose the accumulation and holding method. If you don't know which method is right for you, you should try both in turn and choose which method suits you best. I doubt trying them both. Accumulation and holding is the best method to be applied in anyone Bitcoin journey. Bitcoin is a valuable asset not just a tradable coin to make profit off. Trading Bitcoin isn't easy as said, it a very volatile market with huge spread, trading such market involves a very tactic knowledge. I guess the later doesn't have any idea about trading by saying trading is only favourable during bull season which is wrong, as a trader you are present to make profit wether in bear or bull by simply buying and selling at intervals. Accumulating and Holding,applying DCA is good as one won't bother about price movement or become tensed, happy or moody as in the case of trading. I advise we invest and not trade. It left for you to decide, but choose wisely. |
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Technically you should not be using emergency funds to buy dips.. but you can use reserve funds. Yeah of course people call these things different things, but the idea of emergency funds is to have money to live and to pay for your expense if an actual emergency takes place or if you lose your income for some reason, you have a little bit of breathing space.
Reserve funds would be extra money, so you should never dip into your emergency funds for anything other than needing to live because you ran out of other money.
I think this has been discussed some months back. Money that is kept for an emergency is not to invest in bitcoin and if anyone wants to invest in Bitcoin then extra funds Shou be made available if only the person is really ready to invest. There are some banking apps that one can use to lock funds by weekly, monthly and yearly. The person can choose the plan he wants and I normally select two plans to lock my funds in weekly and monthly because I don't know when the dip would come and if it comes, and fall under the weekly plan then I would use it to buy the dip and I will wait for the monthly plan again and once it unlocked I would use the money to buy the dip again. So with that you don't have to spend your emergency funds again. Now if you buy the dip with the emergency money and something happens within the week and you don't have extra money to solve the emergency need, you have to make a sale of the bitcoin investment you initiated in the week to solve the emergency and if the dip is below the purchase price of bitcoin then you are at the losing side of the investment because you did plan well for the investment. Always keep the emergency funds down the emergency purpose and not buy the dip. Any investor who is using his emergency fund to accumulate bitcoin when there's a dip is going against the rule of keeping an emergency fund before investing in bitcoin. That investor will never hold his bitcoin for the long term because, when an emergency hits him, he will not think twice about selling his bitcoin, even though he is at a loss to sort out his life. You know, before you start your day, you have to brush your teeth, and you wake up one morning and notice that your toothpaste is finished. That one is not an emergency because we know we are meant to make provisions for it. An emergency is when you have a delay in your weekly or monthly salary payment at the place of your work. You can use the money you kept for emergencies to live with until you receive your weekly or monthly salary payment. You should also replace the money when you receive your salary to make your emergency fund healthy enough to help you out for a long time. No good investor that will see emergency fund as something to play with in as much as having the intention to hold long term is the aim of that investor, because is not a matter of using it and later replace back reason been that emergency is unforseen circumstances that can't never give you sign before it take place, for investor to use it to buy during the dip is a sign that the investor may likely not hold for long term.btc is volatile and is not a market of haste you need gain on the market some high level of patience and tolerance must be in place, if a n investor uses emergency fund to buy the dip what of if there is a further dip than expected buy the investor when emergency is hitting he/her very hard it will end up selling more than the emergency fund invested because some emergency need early stage solution. The best is to avoid tempering anything emergency fund instead look for means of increasing one emergency fund if the investor have the intention of Long term holding. Not necessarily increasing it, but proper planning goes along way. Aside investing in Bitcoin it is financial wise to have emergency funds and also Discretionary funds. Havin Discretionary funds serves better in terms of any useful thing to be done whereas your emergency funds is kept for emergencies mainly not some minor cases in household. In essence in order not to get exhausted while accumulating we need have both emergency and discretionary funds, JJG have explained this better. Approach, invest in a Valuable asset like Bitcoin with a plan. |
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Basically what I know is that an ideal investor must divide his funds into three parts. Will invest and leave to invest, and another tiger will use the emergency fund for that. Because a man certainly does not need a reason to face the danger that he may get sick at any time, perhaps more uniquely because people need money at any time to meet their basic needs. But if you don't have an emergency fund then you will be forced to sell your accumulated investments, in which case you are likely to lose. Therefore, to save your bitcoin holdings, you must meet the basic needs from the emergency fund and from here you can also buy Dips on time and hold them for the day.
Investors whose thoughts are quite ideal about the work they are going to do, will of course separate their funds into several parts so that they can do each job perfectly without any interference through anything. I quite understand what you are saying because everyone must always provide funds for daily needs and emergency funds to be able to maintain their own health so as not to interfere with the investment ownership they are currently running. Even though the job is about buying and selling in a relatively short time, if what is invested is Bitcoin, it would be better if an investor buys more than sells. Because Bitcoin ownership will always be more different from ownership of other assets. Before the ownership you're talking about, one must have accumulated to a certain stage but also depends on how the holder views it that will determine the value he equally gives it. Just as some view Bitcoin as just a Tradable coin while other a valuable asset like gold,diamond. In this case, the one who sees it as an Asset will take the investment seriously, implementing ways he go about it without being trapped thus having emergency funds, and other securities that can facilitate his accumulation process. Buying ot selling comes in after you have reached a stage of were your accumulated Bitcoin is worth it maybe after a period of 4-10 years then you are already sure of how portfolio is running, and can sell part and still accumulate depending on your plan. |
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Well there is going to be some big risks if we are going to be trading. Trading crypto is not something every person can do and make a profit. If it was like that well then we would all be doing that for big gains.
It is so much harder for us to trade crypto then it is for some things like stocks and metals. And for that reason there is more of a risk involved in it. It is a big risk for the big rewards.
Maybe we do not need to be rich to trade crypto. But we must know we can lose it all so fast and must be able to handle it.
Firstly the most important factor is knowledge before thinking of earning from trading . When you try to skip the process of learning and unlearning you will keep losing more. Trading can make a rich one, poor and also poor one,poorer, but can make both very rich. The risk involved is you not knowing and understanding money management while trading is more than risk in itself. Trading becomes easy when you have an edge. |
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If this is indeed a friendly game then you must all be know that you are not fighting against each others instead you are just enjoying the game with bets or not.
Not everyone knows this; some really don't care what kind of relationship they share with you once's it's about a game that requires one person to lose and the other to win; they like to take it to a whole different level, not minding if everyone has the same agenda as they do. Sometimes when the rules of the game are set and they enjoy the privilege of winning some extra cash, they might forget the fact that they only came together to have fun; they might also want to turn that game into business as usual, and once one gambler has this agenda, it's clear that the person is not on their right mind. I don't encourage betting among friends, it leads to unhealthy competition and strive. Everyone wanna win, nobody is ready to lose so they forget about the initial plan and strive to win there money by all means of course money is involved. So for betting to come up as the only way to prove support of your idea is wrong, this leads to dragging and also hatred we have seen cases like this. Most persons don't think the way you do, as some are wanna be the head and can't accept winning. |
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What is your opinion towards my research that online casino gambling has more of possesed players who stakes to make profits while the land base gambling is more of players who stakes for funs?
Research? What research exactly? Where did you conduct this research and how did you arrive at this result and conclusion? Sorry to say but your post is like a half baked cake, there is no need starting a thread when you know you are too lazy to explain in details, what you are talking about. When you run a research, there should be some data to that should prove that you did, and from such data, we can learn how the research was conducted, where it was conducted and how the final result and conclusion was reached and made. Aside from the above, I would say that, there is no place where we don't have profit chasers and as well, fun seekers, look to online casinos, you will find fun seekers there, as well as profit chasers. Look to offline casinos, you will also find fun seekers there, as well as profit chasers as well. I don't think you did any research, this is possibly an idea you came up with, and while writing the op, you decide to tag it a research, don't mislead users next time. I was going to ask the same question LOL, where did you get your facts from? I would love to see how and so would everyone how you came to this conclusion. I think mainly the OP was going for his opinion on this, pretty much from personal observation. And thats okay but label it as such if that is the case. I would definitely say that the online casino players probably take a much more calculated and strategic approach, I would also venture to say that some sophisticated "hackers" or computer savvy in the art form of coding probably find loop holes in online casinos with AI Bots etc to out smart their algos but that is just my hypothesis. It surely is an interesting one tho isn't it. Does anyone know of any hardcore examples of what I just said? ? I am going to look because now I have intrigued myself haha. You are talking about how online casinos are scam of millions, we will also want some evidence to backup your statement, lol. There are means to go about that, even the casinos can still bankrupt themselves. I have seen similar case in a third party crypto exchange were under investigation it was discovered to be inner job. So in essence we should always provide fact to backup our statements just not to mislead anyone. |
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Phone, is preferable and more convenient for me. I can actually gamble from anywhere. But for more wider view Laptop Is good. Majority of the time I use phone as everything Is accessible through it, I just relax and more convenient as well as private. My PC is for work strictly.
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