They are losing because they are selling or they invested in a shit coin. if you have been in 2017 you experience ups and downs of the market, lots of gains but lots of losses in some, but even though you have been through those times, still you haven't learn to correct those mistakes, I think there are lots of things that changes your view regarding the market and this are the following: - You follow a persons advice through his social account post example is Elon musk
- You still believe that a certain coin will come back from the dead even though you already knew its a scam
- you just follow your instinct and never make single research
- emotions still control you to decided
mostly I see people who are successful in crypto have spent lots of time, before they reach where they are, yes there are things that are associated with luck but don't just depend on it. 1. You can follow a person, but follow them blindly, you will most likely be mislead. 2. Lol, if it's already dead, then what's the use of selling it. Just keep it with you. Will constantly remind you of your mistakes. And yeah, they deserve it. They knew it was a scam, yet they still invested to make quick profit. 3. Instinct sometimes help... 4. You can't just delete your emotions. I find it very weird when people starts to blame emotion for everything. |
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It's just as simple as the both goes hand in hand both for technical and fundamental analyst. Trading is one career that requires steady update on how the news could affect the direction of a trade or possibly how an indicator or a candle stick can direct a trader on where the market is heading. If there is no time for a consistent update on your previous knowledge as a trader I guess at some point some level of gambling sets in.
A successful trader isn't a trader who makes consistent profit without any loss but rather a trader who knows why his trade went the opposite direction and also a trader who understand risk management. Most traders makes massive profit in a single trade and blows everything down in the next trade as such there is no professional despite his initial achievements. To maintain clean records of both profit and loss margin reading as a trader is inevitable because despite the level of knowledge you might have acquired there must always be a newer technique you learn each time you seek to update your previous views about how the market behaves.
Only gamblers stay a full month without refreshing their memories on what the already know because in as much as trading is concerned there are multiple ways of predicting market flows and it only takes consistent research to get a hand full of approach to maintain a good profit margin in trading.
Unfortunately, most of the traders that you will see are just here to gamble. They won't "read" anything or try to understand. All they know is that crypto currencies will give them profit. They think it's very simple to buy low and sell high. Sadly they are the ones that loses everything and then they start crying that crypto currencies are all scam. While some at least learn from those mistakes and do better in the future, rest of them just gives up, regrets and tries to stop others from trading. |
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The whales can do many things to manipulate the market. Usually, they can make traders or investors panic because of something that they say to the public. If they do that, we need to calm down to see if they are trying to manipulate the market or it will happen to the next. But unfortunately, even if we say that we need to calm down, we sometimes forget and still panic, especially if the price is plunging drastically.
Lol, those are not whales. Those are idiots seeking attention or trying to create an opportunity for themselves (or secretly indeed is a whale). Whales are totally different people. They have a invested and bought a lot of the coins to have some impact in the market. They can start dumping their coins to cause a crash in the market so that they can buy in cheap. They can start mass buying to create a fake "pump". So when the price rises, they dump again and so on. Those affects are very short lived though. And as more people starts to buy bitcoin, the whale manipulation will slowly disappear. |
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First rule of investment (when investing on something very volatile like crypto currencies), invest only what you can afford to lose. I am sure you can't afford to lose money that you have borrowed, right? If you are taking a loans because you can't afford to lose it. So no, don't get loans to invest in crypto currencies. Its more risky because you want to invest on altcoins. Higher chances of losing your money. But then again, want to take some risks? Then yeah, go ahead. Don't forget about the consequences though.
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When people saw the value of Bitcoin, they also created various altcoins. Some people who make a profit from investing in Bitcoin will also choose to invest in altcoins.
In such a messy market, can we still allocate assets to cryptocurrencies? What should be done with altcoins?
Those coins that were created during hype or bull run are the real "shit" coins. They are made just to scam people. More like to pump and then dump. Don't invest in those altcoins. The crypto currency market is a free market. So you really can't stop them no matter how hard you try. The best you can do is just avoid them. If you invest and try to get lucky, you will be encouraging more scammers to make more shitty coins. But all altcoins aren't shit coins. There are some good ones out there. You just need to find it out. |
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I don't think there is anything known as "cryptophobia". Phobia means irrational fear. I have never heard or seen anyone who gets triggered when hearing or reading about crypto currencies. I doubt someone who is not willing to take "risk" has cryptophobia. He won't take the risk probably because he won't be able to afford the loss. So I don't see anything irrational over here. But who knows, cryptophobia might exist, but very rare.
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Can you update the faucet for CryptoGames? The faucet is 0.00000050 BTC to 0.00005000 BTC depending on your faucet level. Also, you can't claim every 3 minutes. There is a limit on the number of claims you can make. This also depends on your faucet level (faucet level can be increased by reaching certain goals/tasks). Small update over here too. Minimum withdrawal amount has been halved and is now 0.0005 BTC ~ 16.9 USD. |
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And now, the market is getting down, like previously, always down because of the weekend.
Well, about sideways, I personally also feel disturbed with this market situation. Commonly, altcoins will go up when the BTC price is sideways, but now, it is still the same, it is still a downtrend.
Not really. I have rarely seen the altcoin price sky rocket when the price of bitcoin drops. It was always the opposite, as soon as the price of bitcoin starts to drop, the price of altcoin tanks even harder. Probably because people sell their altcoins to buy bitcoin at cheaper value. i prefer to trade altcoins at this time.
Wouldn't it be more riskier to trade altcoins during this time because it becomes more volatile and susceptible of further drops? It would be better to invest in bitcoin and hold it during crash. You will be making maximum profit with less risk. |
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I have never played or won in a crypto exchange lottery. Didn't even know they existed. So how does this lottery thing work? Is it like if you use the exchange you will be included on the next draw? Then there will hundred thousands on entries and you have to be very very lucky to be the winner. Like you have a very slim chance of winning. I guess those who are sharing they won, are the really lucky ones. Nonetheless, it doesn't cost you anything to enter, so it doesn't matter if you don't win. But if you win, you would rather hope that your were lucky somewhere else  . |
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Some countries now ban the use of Bitcoin, or banks restrict cryptocurrency transactions, resulting in an increase in the number of long-term Bitcoin holders.
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
I doubt when people hear that their government is going to ban bitcoin, they will be willing to hold their coins any longer. I mean there will be no "long term" bitcoin holders except for few that has very strong hands and believes that the ban will be reversed. Most of the holders will sell their coins and convert back to fiat. They wouldn't want to risk it or put their mental peace aside. But I doubt banning bitcoin will stop people from using it. I mean, how will the government even know if they use? |
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We can't say that crypto currencies is the biggest investment opportunity, but it is indeed one of the biggest opportunity in the future. Not guaranteed though. But yeah, anyone can invest in cryptocurrencies with ease. It just takes few minutes to buy and hold. You should be learning about it first though before you start investing. But don't forget about the risk that comes with crypto currency investments. If you consider risk, then it is not the biggest/best investment opportunity. There are other things that you can invest in for the future, but is less riskier than crypto currencies.
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Gamblers don't realize they are addicted to gambling until it's worse which they've done unthinkable already like breaking the piggybank of his kid just so he could gamble again. But you as a gambler can also notice it to yourself before you get to the worse situation like selling valuables like jewelry so you could play again.
Is seeking a new strategy or thinking of betting while you are sleeping signs of addiction? If not, what are little signs that unfold you are becoming a gambling addict?
Obviously it's a sign of addiction if you keep on thinking about gambling when your are sleeping. You are said to be addicted when the thing you are doing starts to interfere with your personal life. It means you are addicted if you can't focus on your work and keep thinking about it. You will always have an urge and if you don't fulfill the urge, you won't be in a good mood. Remember, obsessions and addictions are two different things though. So yeah, even if you aren't selling everything, you are still considered a gambling addict if you suffer from those above symptoms. |
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There are no such thing as "profitable gambling strategies". If such strategies existed, no one would share it with you. The casinos would go bankrupt. Anyone telling you that he knows such strategy and willing to sell is just trying to scam you. Why would he want to sell such strategies if he can make all the money? The only thing strategies are good for is controlling your loss. Of the many strategies I have used, I have never managed to win more than $200 during a playing session. I'm sure you all have different experiences with me because maybe you have a different gambling style than me. In the short term, can you tell me what strategy managed to make you win over $200 over the course of the game?
It's because in the long run, the house always win due to house edge. That's why, the more you keep on playing, the higher the chance of losing everything. |
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Lol, if all currencies in a movie was bitcoin, we would be seeing them waiting for hours in line while buying a coffee. Jokes apart, I doubt any movies would do that. It would be an unnecessary act/event. They would do it if it made sense to the plot. Or else they would just avoid it. Like how often do you see in movies that focuses on money?
But there are movies out there that is about bitcoin or at least talks about crypto currencies.
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Well, you gotta respect them, because without them Bitcoin won't reach this far. Though it's true that they can do whatever they want to affect the market If they do massive transactions, but they have no full control over the market.
What makes you think that Bitcoin wouldn't reach where it is now if whales didn't exist? All whales do is hold coins, pump and dump. I don't "whales" participate in active development. Again, thanks to the whales for retaining/holding their massive bags.
And will you still be thanking them if they start selling their "massive bags" that you are talking about? -snip-
Will they control more than half or even more of the 21 million Bitcoins?
They never will be able to control more than half or 21 million coins. They will have to eventually sell to make profit. When they sell, the coins get spread. So as bitcoin becomes more widespread and more people starts to invest in bitcoin, there will be lesser whales in the market. Bitcoin’s hype and currency prices have fallen dramatically.
Has it? Look at the long term charts and then tell me again that the price have fallen dramatically. |
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Hello guys, I was looking at this altcoin called Swirge, added to my watchlist, but some things make me uncomfortable about putting some money in it, for instance, on CMC I see a certain price, then I look upon the website and I found another price, then I search through Etherscan for more info and I find the same price declared by CMC.
Before trashing this coin I was wondering if anyone here maybe could know if sometimes CMC can make a mistake by declaring a wrong price (maybe I will give it try by putting a few dollars just to see if the price is correctly calculated).
P.S: Final question, is the price on CMC (the main number you see at the top of the page) always calculated using the USD as a pair?......or could I find a coin confronted with coins like ETH, BTC, etc..?
CMC shows the average trading price from all exchanges. That's why you see price difference. Etherscan maybe does the same thing too. That' why both Etherscan and CMC ahs the same price. Actually, almost all coin listing site will post average trading price. The official website is probably showing the price from a single exchange (likely from the one trading at the highest price). But, the sites can provide wrong data too. It has happened before, but they get fixed fast. CMC shows the price in USD pair on main page. But you can click on the "customize" button and select price in BTC or ETH to see price in BTC or ETH on main page. You can check always the ETH, BTC pair by clicking on the coin though. |
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I got a message from my UK bank saying they will no longer allow payments from debit/ credit cards to Binance. This is all to do with the UK FCA ban but I thought it was not going to affect us being able to use the Binance.com site, seems I was wrong Binance will loose a lot of UK revenue if they do not become FCA regulated like Coinbase has done  I have heard about it. Why did you thought it wouldn't affect you guys after the ban. Didn't binance give a notice saying that people from UK should withdraw their funds before December? Or did I read it wrong? And yeah, they are going to lose a lot of revenue. If it going to affect them big time, then I guess we will be seeing binance.uk for you people. A registered company in UK that is FCA regualted. |
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Are there any betting sites that are offering odds for fighting games like Mortal Kombat, Street Fighter, Tekken or Injustice 2 out there? Kind of like watching competitive of this games and trying to do bets with it and my friend is asking if there's one so in a way, this is his question that I am relaying.
Are you talking about esports? There are few sites that I think offer e-sports betting, but only on games very popular and has a very good player base. It's rare though, so I doubt you will find any casinos offering odds for the games that you have mentioned. Would be fun if there was a casino that offered odds for those fighting games, but instead of real people playing those games, its CPU vs CPU (AI vs AI). It's going to be really unpredictable. |
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First, the creation of altcoins destroy other altcoins that could bring their project down. Why? Existing projects with exisiting investor may opt back out in the invested project and switch to other projects. This means that other project could go down and other investor in that project will follow to leave as well in the project and the altcoin will become a shit coin.
Isn't it how it is supposed to work? The superior one will always dominate. So if a new project with better tech and features are released, people will jump into it, leaving the old one behind to die. It's a good thing. Second, Investor will have to chose between altcoins and with so many of them in the market it creates confusion especially altcoins with the same abbreviation or altcoins sound or rhyms the same but are actually different project.
If someone is going to invest their money, they are going to do proper research and learn about the coin they are going to invest in. If they get confused because of "similar abbreviation, name or rhyme", then well, they didn't do enough digging and all they wanted to do is invest in that shitcoin and get rich real quick. So if they lose their money, then they deserve it for being greedy. At least they will learn a lesson from it. |
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You just mentioned like three coins from which people made profit. There are like thousands of airdrops taking place everyday. So, yeah. This means that you need to be very lucky if you want to make any profit from the airdrops. It's like collection trash and then getting very lucky. It's not worth it to be honest. You could be doing something more productive and be earning more on the process. So stop hunting for airdrops. It was profitable once upon a time. It now no longer is.
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