Honestly, if someone could turn such a small amount into something valuable, that would have been awesome, but it is not a long term solution at all. I always thought about doing something similar, like shoot videos of 1 hour size, where I trade, and I do not have to keep it a live video, meaning I could have like 10 times a day where I try to do 1 hour of trading, and whichever one I made the most profit, I will publish that.
Each and everyday that would be done to show how I could profit. When in reality, behind the scenes, I had 9 other tries where I may have lost some money. This could be done, and I am not doing it because it is unethical.
It is possible. There are lots of stories that I've heard and seen on the past where they can be able to turn a small amount of money into a big one. It was only about consistency, and doing a lot of trial and error till they finally make it. Watching it live would have been better because we can saw the actual moves he is doing and we can see if he did make a mistake or a lose but the only downside is, it is going to be consuming in terms of internet data, electricity, storage/ram, and others. That would be the reason why he recorded the video instead and do some massive cutouts because it was a whole week of crypto trading. |
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There could be a strong support at $26000, but the strong support we notice now is even higher than $26000 because bitcoin only got to that $26000 only once and it was like two months ago and has been seen a strong support at $27000 to $30000 ever since that time. But that does not mean bitcoin price can not decrease further but I believe the $3800 of 2019 and 2020 which was lowest bitcoin price after 2017 ATH may be the $19000 or $20000 of this time, but we are only guessing this though.
I get that people are looking at 26k as a strong support, but the reality is that we are looking at something that would be quite beneficial for us in the long run if we just look at the 30k level. Even if it goes under that, which it does sometimes, it doesn't really end up with a bad result for a long time, it just gets up from there to a higher level. This is why I personally believe that we won't be under 30k too much, and not for too long. It may happen time to time, but that's about it and we will recover. So all in all, the best way to make money would be to invest at around these prices, because the downside of it is not that big at all. |
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The thing is, it may not go up like he said, but it may as well, that's the thing. Nobody can guarantee us that price won't be 50k this month, I am not saying that it will be 50k this month because none of us know that but we do not know it won't either. So, why not just buy it if you think that it won't drop too much. That way you could decide on what's going to happen, and you will make a good amount of profit in the long run as well.
Buying right now means there is a very very small chance that you will lose your money, and a big big chance that you could make profit. This is why I believe that he is right, maybe his timing could be wrong, but the idea is right.
This is basically the reason why we are speculating in the crypto world. If we knew exactly what it would do, then we wouldn't be guessing and losing money, we would be just doing whatever we want. But, we all know that it is not going to happen like that, so we just try to speculate and see where the price will be. This results with us trading with things that would be a lot better in the long run, and that means profits would happen when the price goes up, for most people. Sure there are "some" people who make profit by shorting when it goes down, but a lot more people profit when it goes up. So that is why we mainly focus on when it will go up. |
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It is not hidden, but maybe they did not announced publicly. As we all can see here https://help.stake.com/en/articles/4821738-what-is-rakeback-how-it-works-and-how-to-get-it and as confirmed by live support, the rakeback is now 5% only. The same information is also available under the VIP club page, but the information about when it is changed is available in the help center page. The article about rakeback is updated this week. Anyway, I dont understand why Stake cut it 50% off, but I think it may affect some players and may leave Stake because of this change. Don't know what to say now, but it is a tricky move from Stake team. And they have done it really bad. The rakeback was 10% since the beginning. Suddenly they have reduced the rakeback rate by 50% without informing the users. At the same time they have increased the weekly bonus amount by 50% (up to) and announced it on the telegram VIP channel. Basically, they aren't giving anything extra. This change will bring benefits for Stake actually. The rakeback amount was promised one for every VIP user, but there is no guarantee that everyone will receive 50% extra on the weekly bonus amount. It could happen, there could be some giving free stuff that change time to time, we just need to understand it and accept it and move on. I get that it could be upsetting, but casinos needs to realize they are there for profit making, and the best option they will have is the way they will go. So, if dropping one thing 50%, and increasing another 50% gives them a better return, then it would definitely be the path for them, why not pick the most profitable thing? They probably calculate how many people would leave if they do such a thing, and realized that it wouldn't be really that much of importance, and went with it, and we as gamblers need to accept that. |
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This is often the setup in gambling community. And i believe it would be best if people would really gamble based on their capability not only mentally, but financially. If a person don't have much and just only a few spare of money to gamble, then he must know the consequences because gambling has its risks. One must be very careful in placing a bet and choosing the game to play.
Meanwhile, if a person have much to spare, it will be up to them whether they will gamble for fun or they will gamble for profit in mind. Of course, this should still be taken with risk management in mind so that they won't end up empty handed and bankrupt later on.
Yes, that is right. Wanting too much is bad and can lead them to dangers. If we are not wealthy, we can just accept it and don't try harder to get rich only with gambling. We can just stick with betting low and use gambling as a form of entertainment as we can feel a lot better this way than always aiming to win which isn't possible and can only lead us to have a bad mood. Usually people that have lots of money, will try to make more money so they will play for profit but there might be some that are already contented on their wealth so they will only play for fun and by this, there is no need for them to deposit in bigger amounts. |
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I got a lot at $133. Converted my all Shitcoin to etherium. Eth is likely the future because of new Usecase. Eth and the Erc 20 tokens will long time remain coins. Maybe some countries can back their fiat with bitcoin , Etherium and Litecoin . I hope Etherium and BTC will remain in top always.
Nice that you still got a decent money out of your shitcoins but what about the fees, are you disregarding it? My guess is you also have paid close to 50 dollars and maybe higher than that if you sell different kinds. Im too unfortunate that my shitcoins didn't cost even 5 dollars but what would I expect, they are shit anyway but moving on, you did a good job there for choosing eth over the real shitcoin. Don't know about that new use case you are talking about. Did I miss something? I don't think so, I am active here in this space but that is true that eth is the future of money together with btc. Don't worry, btc and eth will always remain at the top. No other coins can shake them. |
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Thats huge winning and I just can't believe it! (eye balls out! lolz). How can anyone be winning this much money and walk with it. Its just huge man.
Interesting casino but honestly I never saw much buzz about 500casino site. I think you guys are missing announcements and promotions and games and rounds section a lot. The game site is really nice and the color tone is just perfect for professional casino.
You guys should be promoting the casino a lot since you have huge selection of slots. The 3000+ slots caught my eye in the first place. Good to see you guys also have streamer competition, that's the one place where parties begin. Cool. Good luck.
To me it is not shocking anymore. The winning is huge because the bets are also huge and then the multiplier is also a little higher. I think what can overwhelmed me more is seeing a small bet and then a multiplier of over 10k because that wins are the ones that are rare to come. For you to win big, is of course you need to risk betting in higher multipliers or bet more bigger amounts as much as possible. You only need to prepare to lose big though. If I am not mistaken, this casino was being promoted here before via sig campaigns. It helps them somehow since a lot of users are now familiar with them and maybe they are satisfied with the results already because they didn't do it again. |
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I am not disputing the fact that Wilfred Ndidi is a good defensive midfielder fit for Ten Hag's Manchester United team. What I meant is that every manager has a system and different systems requires different type of players to fit into the plan. Ten Hag's type of midfield 3 requires a controller, a 6, and a creator. If you could remember his Ajax team when they got to the semi finals in the Uefa Champions league, the midfield 3 consisted of Frankie De Jong, Van de Beek and Schone. Frankie De Jong was the 6. He was the sitter. That is how Ten Hag wants to builds his team, around a No 6 like Frankie De Jong. That is why you could see that he wants to bring him back to Manchester united.
I agree that Ndidi may not fit the system Erik Ten Hag has, he needs a player that could control the ball a lot more. But not like he is going to be able to buy out Kante, which would be the most perfect fit ever for him, but that's not available. I assume that he is still considering the De Jong transfer though, don't know what's going to happen with that but looking at how Barcelona is in a dire financial crisis right now, offering a good amount would mean that you could definitely buy any player from them. De Jong didn't really play well enough to be irreplaceable for them neither, he was good, he was really good, but not like a superstar levels of player. |
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This could really work out only if the owner will get the perfect balance of bitcoin and fiat payment. In a business, most particularly with stores that offer products, the owner is required to restock so that the customers can have a wide variety of options to choose from. If most payment would be in crypto, he won't be able to buy immediately the things needed in the store because he first have to exchange it.
Hence, it should be balanced. Or at least have a margin for every bitcoin payment so that you won't be the one losing if ever you'll have to pay for transaction fee for converting it back in fiat. This will also serve as your bounce back if ever bitcoin will suddenly decrease in price.
You could always have USDT or BUSD or any other stablecoin directly converted system? I mean that way the owner would be able to accept 100+ different coins, which is awesome for the offer, and I did it, I accepted 100+ different coins when I was selling something. Then what happened? I just clicked a button that said "automatically convert to USDT" and that was it. Then I was able to pay the person I got the item, buy more, and resell it again and again. Turned 1 item that I bought into 73 of them in my hand at some point, without spending a single dime, all paid by the customers I sold to, all automated converted into usdt. After that I stopped and just got rid of the inventory for very cheap and went back to my original job which is writing, and I love it. |
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With the limitations that Barcelona now have, Xavi will of course be extra in selecting the players that the club really needs to reduce their spending figures in buying players. Actually, there is no need to be too big in recruiting players, it's just that choosing the right players is often difficult and many even fail with fantastic transfer prices. Of course we should see Xavi's performance in bringing in players, as he did when he brought Aubameyang.
I still think that there is a good chance we could see some younger players taking over for sure. I get that maybe that is not ideal situation, and they may prefer some older players that already proved themselves, but pedri, coming back, fati, gavi, araujo, torres all of these are super young players, and them taking over the team, instead of playing mainly busquets, pique, aubameyang and what not, would be a lot better. They could go with the youth setup and find players from there. Why do they even have la masia, the most famous youth setup, if not for times like these where they can't spend money on transfers and need to pick up players from there? |
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people wanted to see what they wanted to happen and if they fail they blame market so we must not give them importance in that matter.
Supposedly they blame themselves first before blaming the market. And in fact, they are not forced to invest in crypto but it was their choice. April-May, for these two months we haven't seen any changes in price, Bitcoin is still in the range between $28k - $31k. Do we possibly see it up at least $35k? Or is it the same trend we are still seeing? Well, I hope this June could have seen something new and positive news but yes, we can't expect that much. That's much better to hear if they admit that it was also their fault not only the market but like you said, we aren't forced here so the market is innocent no matter what happens to our funds. The market only displays information and it isn't the one that creates the price but it was the humans (the manipulators mostly) since they have a larger fund than the normal individual. There are changes on the months that you mentioned most especially in April but for you maybe it was not big enough, that's why you consider it as normal. 35k is easy. We have been on this price before so expect that we can be on that price again. |
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The first option, I think it's a difficult thing for some of us to do because it might collide with government regulations that exist in some countries, for example in my country, the use of bitcoin is regulated only as an investment asset, whereas if I try to use it as a means of payment or receive payments from consumers then the license of my service or shop will be revoked and I get a penalty or fine from the government.
While for Option number 2, I agree with you because it is the easiest thing we can do to introduce bitcoin to our relatives and people, maybe by educating the people closest to us about the benefits of using bitcoin then we have a hand in accelerating bitcoin adoption , because in my opinion, with the right education to people, of course bitcoin information will spread more because the information chain continues to intertwine between humans.
Before we do the first option let us first check the status of bitcoin in our country if it's legal as a currency use. If not then we shouldn't made the idea public but we can still secretly accept bitcoin to our customers. I heard many posts in regards to this where they approach the owner if they accept btc and use it instead of cash even if it wasn't displayed on the store that they accept btc payments because it was not legal in their country. Option two is straight to the point but it is also risky, I mean they can ignore btc right after away if we include the cons or the disadvantage of it upon encouraging them to join btc but it is also better to be honest so that we shouldn't be blamed later on. |
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I don’t know how long this bearish market will continue, but I have a feeling it will be until the mtgox coins are distributed and the ETH 2.0 locked coins can move again.
One thing I will say is that most of the people I know who suddenly took an interest in “crypto” as Bitcoin was brushing up against all time highs are no longer invested. That’s a good first step in clearing out speculation and leverage so we can return to a healthy market.
My feeling is that Bitcoin will start to rise when Quantitative easing from the FED will be released. At the moment, with the falling of market, you shouldn't expect a rise of bitcoin. We should be prepared for a bear market from here to at least the next year. Once nasdaq will start to rise thanks to grow or quantitative easing, maybe we can look at Bitcoin. They say that the bear is caused by fed so maybe fed is also the one that can solve this problem and finally turn the market into bull. They are powerful than everyone else but we common individuals are also doing our part to help the market return to normal. Thanks for the info, yes for now we shouldn't expect any rise until the fed is done with that quantitative easing. We are already in the bear so no worries because people aren't shocked anymore but if what you mean prepare for another drop? Well yes we will prepare for it as well. Btc is the first coin that people look for whenever there is a bear, simply because the coin is already proven for years. |
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Having an optimist view despite the recent Bear trend and crashes is one of the better traits traders should have. We have known Bitcoin to have the ability to rebound and yet many had been pessimists and lots lose hope. We should look at this bear market in a different view rather than Bitcoin being Doom and as a matter of fact, many known billionaires gain lots of profit by investing in a crashing company or stocks but have been proven to recover.
So what do you think about Kiyosaki's point of view, is it possible that "crashes are the best time to get rich"?
His view is right but he is not the first one that says this. Words like this are always being used to encourage and motivate people to invest in crypto during the bears. He mentioned a lot of numbers there and it seems that he can not properly decide if what is the best number to use when predicting if what will be the possible bottom of btc. finally he end it out with 11k which is very low already in my opinion. To some, the lowest that they predict for btc is 3k usd but again, I don't think this number is possible anymore. This is going to be an easy money for all of us, in the event btc goes back on this value. People would sell almost anything they got only to get their hands on a one whole bitcoin (lots of it). |
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Some investors who are new to cryptocurrencies and are recommended to invest in LUNA must experience severe depression and trauma. With that incident I'm sure some of them really think cryptocurrency is a big scam. But in fact they may not have researched the big risks of investing because they were only consumed by the talk that was in LUNA who bought at the initial price.
It is hard to admit it but that is going to be the case that happens if ever the first investment that they picked up is luna or not just luna but any other cryptos that can end up on the same path as luna. We are lucky because by the time we enter here, there are still less scams and it was bitcoin is the one that we pick up first. If ever there are crypto enthusiast around the people that invests in luna, they can give comfort and educate those people that it was possible for crypto scams to be avoided and not all cryptos are like that that can heavily collapse. Let us only hope that the second time they come back they will now choose the right coin this time because if not then they won't give cryptos a chance anymore. |
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Good news
Russia open to the use of bitcoin and crypto for international payments - Senior Central Bank official
It will certainly benefit Russian economy if they accept Bitcoin because they are feeling the impact of hard sanctions but their main partner is China and crypto currencies are banned there so how will it work out. The 2nd issue is volatility of Bitcoin price which is a main hurdle in my opinion to use Bitcoin as method of payment and won't be easy to manage. It was the the high fees and the slow moving transaction is the main reason why some doubts to use or accept btc as a payment method though volatility could come next to it. So, russian country change their minds again and accepts btc and crypto this time? That's noise. This was already on their plan before but they didn't continued it and demand Russian ruble instead for other countries if they want to purchase oils and gas. China have banned and unabanned cryptos but we are not sure maybe they now unabanned it again? But, if not then they can still use other forms of payment methods. Russia is their ally so they can accept almost anything. |
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at least you have to minimize the loss so that it doesn't become a big loss. All traders can indeed experience losses, but the profits obtained must also be greater than the losses that have been experienced. Experience is indeed the best teacher to be able to learn better. Master the technical analysis and fundamentals, then the trade will go well and understand what to do. Never trade without having the knowledge, it will just be a waste of money.
Exactly my point, it is literally almost impossible for any successful trader to go on straight successive trades without losses. There is bound to be lots of losses and as a matter of fact, losses are what makes trade what it is, so it is very normal, very natural and acceptable to experience down times in trade but what is not acceptable is having losses greater than your profits, it exactly means there’s something wrong about the trade which you are not applying or doing right. |
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Never had one as per your definition. If reading the forum fellow members and their threads regarding trading is mentorship then yup I get it on daily basis. But part from that I never had in person mentor. May be few tips from friends but not on regular basis. This always had been the case with me. I always pulled trading tips on the forums, books, and may be some YouTube channels which explains how to do technical analysis and work with the day trade. That I am doing on the regular basis. With that said I have also not been mentor for someone. Trading is really something personal these days. Everyone wants to be perfect in it and apply their own strategies for the same.
I totally agree with what you are doing, trading becomes something that is personal, because when applying the method in trading it only feels right for us, and not necessarily suitable for other people's trading. The reason is, the portion of trading and our needs when doing analysis is something that is driven on the basis of need. Always looking for information, self-taught learning is more memorable, even though sometimes make a lot of mistakes. Another thing to keep in mind is that the market is always changing and the trend is changing every few months and it's more evident in crypto. This shows that no matter how good your mentor is and how vast their knowledge is, you and the mentor will always have to adapt based on how the market is changing and make sure you are up to date with the latest indicators, tools and marketing strategies. The best way to learn to trade is by following this chain: Trade --> Lose --> Rectify mistakes --> Repeat The quicker you eliminate the mistakes and rectify them, the better trade you will turn into. Also important to make sure you are not making the same mistake by different means otherwise it will take years to rectify a single mistake. |
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My worst prediction for bitcoin is at $7,000. I am planning to start buying by tranche from $14,000 downwards. I am not selling most my current holdings. So personally I do not want bitcoin to drop that low but if it happens then we will also have the chance to buy more including altcoins. I am considering eth, bnb and then some other few coins that has very high potentials. Sys for example always made it x50 every time the market is bullish period.
Why worst? Just because it was lower than 8k? But anyone can predict no matter how high or low it is however that's going to be a long wait for you before you buy can btc if that was only your buying point. You plan to buy when btc drops but at the same time you don't want btc to drop? That's confusing but you only need to pick one because whether you like it or not, btc can still drop or rise and also if you don't want to sell your coins, how can you invest at the dip? But, unless maybe if you have other sources to get money. This is my first time hearing that Sys coin but that is impressive if after every bull run this coin can give you a guaranteed 50x. Eth and bnb are I think still better than sys coin though. |
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Oh yeah, we all love all this speculation as far as Doge concern because of Elon Musk. Long term it might be good, but we are still not sure what will be the effect. Maybe investor are going to buy Doge again and automatically increase it price because they speculate that Elon will use Doge as tipping scheme for Twitter. Again, the future might look bright for Doge but it doesn't mean that it will enjoy a parabolic rise. It will continue to stay in the market though.
For the development of Dogecoin, it is likely to improve in the future, because the effects of the speculation caused by Elon Musk, but I am not sure that in the future Dogecoin will provide high price returns, investors are no longer interested In the future, if the demand and expenditure is unbalanced, it is certain that Dogecoin will be in the current position, there will be no major changes for Dogecoin going forward This is quite true, people got a hype back in the day and they were interested in it, but they no longer feel interested in it because there is nothing that attracts attention anymore. Even Elon Musk can't gather enough hype anymore if you ask me, that was a one time thing and it is over now, a few tweets won't change that. Maybe if he ends up tweeting about it daily constantly for a whole month then we could go back to those days but I really doubt if he would do something like that. This is something that will be old story and we will talk about it in the future "remember when Elon made doge go up?" in the future but that's about it, nothing more for doge in the crypto future. |
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