First of all , i think that gambling on a small budget is a wrong thing to do since you'll be dragged to bet on high odds expecting quite huge winnings when you weren't even able to bet with high stakes , that will eventually make of you a greedy person and a greedy person is by default a bad gambler .
I think that one of the best pieces of advice to give to someone who is betting with a low budget is to make single bets and half of your money on that single bet , it'll be good returns with small risks , and if you loose you got the remaining half to compensate .
Talking about risk, the thing with gambling is that it is a high risk move to ever make and you simply do not want to get so greedy and better to find a way to minimize those risk in a way so as not to end up getting screwed easily. As you keep going further and the stake keep going higher, it keeps getting even more risky and luck is the only thing that plays the part, so better to just go with what you can afford to lose no matter what, but if you cannot afford something reasonable, it does not make sense gambling anyway. |
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For me personally, gambling doesn’t support any kind of strategies because strategies are applied on those games only which have the same scenario irrespective of the environment because it can be change as people all the time are change and they are making the environment. Strategies are of some importance in games like football, cricket etc.
When I see people coming with strategies when it comes to gambling, it is not really a bad thing, but the idea of relying on those strategies and expecting that it is going to come with some pretty huge winnings is what actually end up putting some people in the negative position they are in today. The negligence that they put into gambling makes the whole negative aspect to come out the most and that is one effect no one really wants to find themselves in. The positive is basically winning and it is apparent it is rare to see any which should be the last thing any gambler should even be focusing on. |
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I will start with one to begin the discussion. If you are putting huge amounts at stake and want to keep identity private, online gamblign comes as a boon.
Afaik this is not the best reason as some gambling companies will require some form of verification when you want to withdraw a huge amount of money from your account. Other reasons to gamble online: -You have the convinence of gambling at any time of the day. -Gambling online has less distractions as compared to brick and mortar gambling -Different incentives and bonuses are available when gambling online He was not wrong since what he mentioned was the idea of privacy that online gambling brings, which to me is actually an advantage for a lot of gamblers. The thing with online gambling and in this case, crypto online gambling, your identity is hidden, you can do whatever you want to do in the corner of your room, get paid for it into your wallet and do whatever you want to do with it, without being monitored and it depends on the platform you are making use of when it comes to withdrawing huge money from your account. |
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Even if bitcoin drop its values it can still manage to comeback to the market, thats one of the things that bitcoin never really disappoints with that, i am completely agree with you that bitcoin is making an admirable progress towards coming back to its high market value
They have orchestrated the fall in the price of bitcoin several times in the past but it has always gone up again because people are beginning to see the true potentials that lies hidden in bitcoin and the blockchain technology. Bitcoin is making progress Well, for how long is it going to last? Orchestrating the fall of bitcoin or not, they are just going to have to admit the fact that there is nothing they can do about it and the only thing they can do is to simply accept it, find a way to blend with it and see the progress come into play. The progress is gradually getting imminent with a lot of users seeing the benefit they stand to gain in the long run and simply, the only thing here is to just see the benefit they can stand to gain as well. |
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it has been proven multiple times that $6000 is a very strong support and people have been showing their intentions for buying bitcoin around that price. so if you are an investor who wants to invest in bitcoin then you should start accumulating. buy on daily lows and also place some orders at $6000 and a little lower like on $$5950-$5900 maybe you get lucky but put the bulk of it on $6000+ and start buying now.
and like always understand the risks and invest what you can afford to lose.
What a lot of you do not understand is that we already broke that support and nothing is going to stop us if we are to go break it again and go lower. This is just technical and if $6k was a strong support, the bounce there would have been huge and we would simply not be hovering around it several times. You guys should stop talking about some support and price action you know nothing about. If you want to go long, this is a good time, if the market goes lower, you can buy more, but as long as you are not a trader, stop assuming for the market what is possible or not, as even traders only make use of analysis to make predictions, not like they end up right all the time. |
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This may happen but I just see a high dump just now as majority of the coins are pent red again. However I am thinking that bitcoin needs to get to $5,500 before it can start to get bullish again as everything is done now and we need to gather strong momentum to go up.
It is still amusing that at this stage; a lot of you always keep assuming what the market holds when indeed there is no single way you can. Firstly, nothing is predictable when it comes to bitcoin and as much as we can all imagine things to end up working out quickly and start seeing some bullish sentiments in the market, things would only end up playing out at its own time. We cannot be right since we cannot see the future, and even if we ended up right, we just got lucky since it was all just an assumption anyway. |
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When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?
You are right! Trading is like a gambling. This is because you will never know what will be the end of your trade but its worth all the risk once you start earning. Lossing might destroy trader's heart but when you learn to deal with it, it will not gonna stop you to engage once again on it. I start joining trading because when every crypto are red, the best way to earn is through trading. Yes, it is risky but risk is part of the whole picture in trading. I understand pretty well a lot of people considering trading as gambling, and no one is far from the truth anyway. Gambling in the literal term is predicting an outcome of something in the future and expecting it to go in your favor. That is simply a good definition of what trading sounds like. The good thing with trading is you can make use of some tools to your favor and see how you can use that to get a good grasp of the market to your advantage and in that way, the gambling risk is limited and you get to hit the professional level in that case. |
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Trading is mostly about dealing with emotions. I found very helpful a book by Alex Elder called "Trading for a living". There is a chapter about psychology.
The reason why it is always good to rule out emotions completely is because they will never want to leave you and you will only have to get yourself to do what is best for your trade based on what you see and what you expect than what you feel. The thing with trading is that sometimes, you may want to use your discretion and at the same time, you will really want to trade based on your own knowledge and analysis, and that pretty much works better than feelings. |
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How? Is it really that simple?
Nope its not simple, study so one can know what she or he could do(or serve as guide  ), plus looking back to the market flow and see to predict on what could possibly happen. Reading(learning for reference and making decisions) and predicting is not that simple because you gamble as well. Yeah, a lot of study is needed in this space and nothing is ever simple. For instance, I got tired of the volatility of the market as I just hated the scenery of seeing my coins and tokens on blockfolio get to huge hundreds of thousands of dollar todays and then before I know it, gets to about tens of thousands in coming months or thereabout. That led me to learn strongly how to trade long term and I believe I am doing better now for a start. Equip yourself with all the knowledge you need to do great in any investment you do and you will always do a lot better. |
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Data is the most telling problem. I think in the developed countries, their investment institutions should also be based on long-term holdings rather than short-term speculation. This is very useful for reference.
It will be useful for reference if we actually can get the full brief of the research, the methods used in carrying out the research and how they came about the whole conclusion, otherwise I would just imagine that someone sat down in his bedroom, and out of reasoning and assumption, concluded that it is normal and believable that underdeveloped and developing countries are more prone to selling their tokens pretty fast than developed. As long as there is no data backing it up, it is just a theory, not a fact! If OP is going to have to prove me otherwise, he sure knows he should be adding some link with detailed explanations of all I said initially. |
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If there would be a recession, all forms of money we hsve today would be useless, and the only legit form of payment, will again be gold or we migjt go bakc to a barter exchange, bitcoin would also not be amsafe haven for all, since bitcoin is volatile, rather than sepnding bitcoin, people might just HODL for a very long time and wait till the recession surpasses, but during the event, bitcoin will also be obsolete, since its fiat counterpart would be of no value.
Probably we are forgetting about the possibility of having a digital gold in our hands. Thinking bitcoin will be obsolete actually made me laugh considering the fact that when one is weak, one actually will have to be strong. If fiat is crashing, the main idea is to be looking for easy way out and I am sure that is how bitcoin is going to be considered and I won't be surprised if the bigger players in the industry are already eyeing it and trying to fool everyone into not believing in bitcoin, so they can have the best of it at a much lower value. Time obviously will tell us who is wrong or who is right. |
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Bounty hunters always want to sell fast as I can see the messages about exchange listings and so on. I think it really ruins the value of token and the price goes up then very hard.
Yeah, some bounty hunters do have a lot of part to play when it comes to tokens being dumped, but if we want to be realistic, bounty hunters actually do have a very little percentage of the total tokens being distributed. Most of those who dump their tokens are investors who bought in very early and got a huge bonus from their investment and decided to take the quick dump, and most of the bounty hunters who even does not have the idea of the ICO price tend to dump at dips anyway while some of the investors or new investors buy back below the ICO price eventually. |
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Still now bitcoin had his characteristics.The price of Bitcoin is unpredictable one.Due the decentralised concept,the price of bitcoin is volatile in nature.Which allow us to buy at low prices and sell at high prices to obtain more profit.The good news is again the price of Bitcoin started to raise.
Bitcoin price has not even started rising yet and it is still in an uptrend in the short term, however, bitcoin really do have a lot of part to play with the market of altcoins, most especially when it is in a downtrend. The market in its entirety is extremely volatile and one would just have to know how to understand the market and monitor the movement of bitcoin to be able to know which step to take at any point in time. Hopefully, we will get to see some upward movement very soon. |
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maybe if we can learn from the history, bitcoin getting experience to the fallen in the Mt.Gox and it makes the price is down too deep, I mean it's really deep because, in that time, bitcoin reach $200-$300 per 1 bitcoin. and after that moment, bitcoin just stays in that level for a long time. and in 2015 (if I am not mistaken), the price starts to increase again and like what we see, the last year is the highest price for bitcoin. so, actually, we are still in the highest price if we take a look at the history and I think the price can increase more in the future.
It gives lot of disappointment for all investors especially who load and came in West in this year will be very very disappointed and side there is no other way for them there will be lots of losses will be happened for new investors. Every disappointment to me is always a lesson. That is what I tell investors anyway and I hope they have learned from it. The thing is that we have all been here and I remembered I have fallen for this kind of trap few years back but all I did was hold and buy the dips and be patient enough and that paid out a whole lot eventually. This fall is huge and we are not even done yet, so no one should even get any small uptrend twisted just yet, but the coast will clear eventually, the uptrend will start but when is what no one can say. |
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When the market falls long term. The market has few new investors, the old investors are no as interested as before. Volume is very low. That makes the profit from exchange are reduced ( Huge whales are big exchages )
To compensate for the declining profit. The whales and the exchanges are linked together to control the margin. Currently, Margin has a large volume (Bitmex no.1 volume). That's why most of the time the bitcoin chart are U-shaped
They can be controlled both intentionally and accidentally. There are whales that invest huge amounts of money with the intention of increasing the price of Bitcoin. Since they are aware that the price can be controlled by the rate of demand, they just put in a big amount intentionally and when the price goes up, they will withdraw their money with the profit, causing the price to fall again. There are people with no bad intention, their plan is just to invest a huge amount of money before the price goes up to make better profit, and when they invest, the price will boost immediately. For investing huge amount of money, they do that for the sole purpose of getting a lot back from it at the detriment of the weak hands and which makes it easy when indeed the only thing driving the price up and down in speculation. Assuming there is a life usage and the demand is going up as a result of that, then we would not even be experiencing such moves like this, but for now, it is just what it is and as long as there will always be people who simply want to get rich overnight without understanding what they are investing in, it would make it so easy for them. |
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If you dont want to loose to much is better to use such features cryto-trading is half way risky so you can just bee gaining one minute and the next you loose everything
That is usually the idea of not losing too much but this is not just about losing too much, as you need to know exactly where the possibility of a further downtrend could come into play and like some have said, you will need to identify the break of support and most especially with volume so it would not end up being a fake breakout. In that case, it is always necessary to always plot out the profit to loss ratio before even entering any trade and for that, you must make sure at least the risk ratio tends towards the profit side than the loss side. |
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That is the problem with unregulated and decentralized market. It couod be easily manipulated. Then again, i. Think it's more like the sudden increase in investors and a huge back lash from all of it. It's more like a normal market tremd and not like a clock work manipulation. Then again, I'm new to this so take it with a grain of salt.
Fine, it is something we will just have to get used to and most especially an unregulated and decentralized market that is driven more by speculation than real life usage. Until we start getting to see real life usage as a currency with a lot of people using it for transaction globally and seeing the real need for it, this is something that we would keep seeing. Now, everyone just wants to get rich overnight and that makes it very easy for bigger investors to drive and stir up some emotion in the market by some spike manipulation or downward ones to shake out weak hands, but it is just one of those things. |
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Yes we can earn more in future for investing on bitcoin, as bitcoin is cheap and profitable for future now a days, but choosing ETH depends on your own desire but for me it’s probably better to invest money now on bitcoin, the world of crypto market is going up, it will raise high this year, so at the end of 2018 bitcoin will bring even greater profit.
Bitcoin is the only coin that would give you a much bigger profit than most of the top coins without a doubt, but there are some coins with small valuations that could give a much bigger profit in a short period of time, there is no specific time to invest in these coins if you are planning to hold for the long term, but for the short term you need to monitor the news and market situation before investing. Actually in that kind of case, it is not only bitcoin that can actually give a huge amount in profit as there are some altcoins that can do that, but when it comes to sustainability and not just some pump and dump in which price is pumped today and it is back to the historical bottom tomorrow, then bitcoin is for sure the best to look forward to investing in for the long term. Some altcoins may still fall into this category based on the support they have, but they are quite few. |
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Of course, prices are subject to manipulation. And in the crypto currency market this influence is much stronger than in traditional markets. There is enough even a slight hint of bad news that the exchange rate has collapsed.
Yeah, it is really a lot stronger in this market. This is an unregulated and a decentralized market and it is highly expected to see things like this happen. The obvious thing here again is that the market is still new, the market cap is not even that huge yet as it is something these institutions have more than enough to even play with and manipulation is always something that is going to be bound for us to see happen. Until we actually start seeing people getting to use the market in real life as a currency globally and enmasse, before we can start seeing less manipulation. |
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It is just obvious obvious and most of the guys are telling the same, literally that we will touch the bottom and then balance out to high price.
Isn't it glaring from the situation of the market that the bears are in control and the bulls are on vacation until further notice when it seems the bears could no longer push it further to the downside and in that case, we get to see the strike to the upper side but for now, we have more tendency of going lower as the case may be than upward until further notice. This was expected and by the year end, I am sure we must have been showing some signs of trying to recover anyway, but we will know when that time comes. |
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