As the title says I'm curious what's the real reason for the decline?
Is it because whales are dumping?
-Or Dogecoin meme died? and people taking it over on other altcoins?
There are some altcoins that aren't down as badly as popular coins like ETH and BTC.
So what's your point of view regarding this decline?
Those "some" altcoins are probably shitcoins that are controlled by the developers. They can easily manipulate the price and keep the volumes up. So don't look at those. As for the decline of other well know crypto currencies, it is because of series of "bad news" and FUDs being spread all over. People were already in fear that the price might crash. Those negative events just acted as a catalyst to cause the market to crash. And then there is China banning shits. This effect is short term. Keep holding if you invested or else you might cry later. |
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In the world of trading, it's never too late, if you understand how it works.
Speaking of investment maybe yes, you are too late to do it, you should not do it now, when the price of cheap Bitcoin 2018-2019 is the right time to do it.
-snip-
Trading and investing isn't the same thing. There is no such thing as being late when it comes to trading. You can trade anytime. Buy low sell high in short period of time. Investing and holding is a whole different thing. And you are wrong here. It's not too late to invest. You are saying he shouldn't invest because the price isn't as low as it used to be back in 2018/2019? Lol, of course it isn't. You probably will never see that price range again. The price is once again low, and now is the best time. You don't want to be regretting later and you probably won't see the $30k mark after few years. |
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Bitcoin has been in the doldrums for nearly a month, what caused such a thing to happen. Could he be the end?
Lol, so every time the price crashes, bitcoin is dead? Is the first time you are seeing a crash? Look at the charts. See how many times the price has crashed, yet it still lives. Every time the price goes up, it goes down again. This isn't something new. People call it a correction of the price. Look at the charts. You will see that in the long run, the price has actually gone up a lot. Compare the price from last few years and you will know what I am saying here. |
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If you think ORACLE is going to do good, then you probably have done your research, right? You probably have seen that it has potential, hence you are investing in it. Don't expect to get rich overnight though. Good projects take time to get discovered. So be prepared to hold for long term. And make sure they have active developers and community and actually working on it. You can make a paper look good by writing all bullshit, but not working on it means the project is nothing. -snip-
Everyone seems to be spamming to the moon to the moon, but most people seem to be selling.
If you want to invest because everyone is saying "to the moon to the moon", then don't invest. You will regret. |
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From analysis, it has been argued severally that hodlers are winner and earn more profits than traders, this depends on your expertise and where you fall into. The current situation now means that anyone that bought lower and didn't take profit because of greed or another reason will soon be at loss or breakeven if things continue to go down. Now many people are lamenting because they didn't expect this at this time and didn't take profit because they thought the uptrend will last more for better profit. For people that has been here for long knows the cycle and this kind of situation is inevitable. For people that can be patient I think they can still get back to the former or expected profit but this is not guaranteed. In my opinion I think it's better to hodl and take profit at the right time and wait for the dip to buy back more quantities and wait for more profit. This way you earn more profits. What do you feel is best to do when holding a coin, please share your opinions!
Isn't that obvious? Only holders are the real winners here. Those with weak hands always tends to sell at a loss. People that were holding when the price reached a new ATH aren't greedy. They actually had a profit goal, hence they didn't sell and are still holding. They won't sell unless their goal has been reached. Strong hands. Those who sold are the ones that sold due to greed (and fear). And you are correct. People that are right now being very patient are the ones that "won't" be regretting in the future. |
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As each day passes without the 30K being broken, the sellers grow increasingly frustrated.
Holdings of HODLers increase with every passing day.
As time passes, the consolidation becomes longer.
Diamond-handed retailers earn money every day in order to buy more bitcoin.
Each day brings companies and institutions that are considering buying one step closer to a very good price.
Our footsteps are being followed by more and more countries every day.
Bitcoin is becoming more popular every day.
Death will be imminent if the bears are unable to deal a deadly blow.
And it's now below $29,000 USD. You spoke too early haha. But yeah, there are more holders now. Those who had to sell are already selling. As the price crashes, we will see more strong hands which would be good indication of the next bull run. Besides, this has created more opportunity for investors to enter the market or hold more bitcoin. Lets see how far it goes down before it starts to climb back again. Expecting more institution to join and invest during this cash. |
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The markets is looking horrible and I know some of you want to hear some fact based words of encouragement. Its hard to comprehend this at the moment. But we have not reached the top of this cycle yet. This looks a lot like 2013 when the market crashed half way through the cycle before continuing upwards. Just check the charts and compare it your self. Bitcoin bull markets end in fireworks not crabbing formations. If you are in then just hodl and do something productive until August. If you aren't in yet, then start DCA'ing. Peace.
It's not as horrible as the last crash we had back in 2017. And it's not the first time we are seeing something like this. Most of the people were already expecting this crash and it was long overdue. Those who are selling are going to regret in the future. Currently seeing the "death cross" FUD being spread. We probably might have reached the death cross, but selling due to this won't get you anywhere (unless you no longer can risk and want to get out). The value has already reached $32,000. Buy as much as you can afford to maximize your profit. And what makes you confident that we are going to see a bull run on August? |
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One of the undeniable features of BTC is price Volatility. When the market is green, a trader can run into massive profits. However, on a bad day ones Portfolio can varnish within hours. My question, is the price volatility of BTC more of an advantage than disadvantage to traders?
Isn't bitcoin or crypto currencies being very volatile is what stopping people or making business hesitate to accept crypto currencies directly? In case of using crypto currencies as a regular currency, this is actually a disadvantage. Now you might argue, why not use stable coins? Stable coins has their own issues like centralization. In case of trading, I would say high volatility is still a disadvantage because people would then have to bet on the coins to rise or fall and it would become more speculative. Like one of the users said over here, volume is what matters most. |
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We all know that off-line casinos tend to take very good care of their most valued clients, that is, those who spend large sums and are more or less loyal to an specific place. Freebies, guest experience managers at their service and any other amusement they fancy. On-line is much more difficult in that sense and sometimes I also wonder what can be done for a more personalised experience on these.
It may not be possible to reach the same level as the physical casinos, but what would you like to have on these that would make you feel better treated?
Most of the online casino does have a VIP program where high rollers and those who spend a lot on the casino are rewarded very fairly. Though most of the rewards are always in crypto such as free coins or cashback. Each casino has their own way of giving back to their users. If you look at cryptogames VIP program, you will see that they are rewarded with free coins, faster bet speed, exclusive badges, vouchers and they also enjoy lower house edge. Don't you think having permanent lower house edge is better than getting cashbacks? |
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Why??? Why would anyone play on these when there are eur and usd casinos and poker rooms?
Because they want to. You have a problem with that? They probably find crypto currencies more flexible and easier to use. Probably there are people that likes to gamble with the profit/gains they made from investing in crypto. I try to move money to Coinpoker.com or any crypto poker and the minimum transaction fee for btc is over 20$ When my intended deposit 20$.
After the fees to get money on crypto poker my remaining balance is 0
While when you do usd or eur there no big or no fees at all and the deposit is instant to while crypto not.
Then why are you playing with bitcoin when you can't afford the fee? Stick to fiat since you think it's better to gamble with. No fee, nothing... Why are even crying over here? Burn down bitcoin!!!! It's the worst useless, inferior shit you can imagine, how did ever get a market value
You hate bitcoin, fine. What are you doing here? Why is it bugging you a lot? You see here's the thing, I did go nearly 8 days without eating anything, collapsed and starved like a mad man because nobody on this forum had enough integrity or kindness or reason to lend me 20$
20$ Ficking bucks! And to this day still nobody has done so.
Now imagine the transaction fee being 20$, a week worth of Ficking food that could be the difference between life and death and you can't even use Bitcoin for that amount of money
So you are bad because people didn't lend you 20$? Lol, okay. |
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Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
How do you define "doing well"? I am assuming you think that the coins that have higher value or coins that gets pumped are considered good coins? That's not true. The value doesn't define how good or well the crypto currency is doing. There are probably many undervalued coins out in the market that hasn't yet been recognized. Probably those coins are not ready or has more work to do. As for shitty meme coins skyrocketing, it is because of the current meme trend. People are gambling here. They know when the trend ends, those meme coins are going to die. They are just waiting to exit at the right moment. |
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Does ecosystem even exist in the crypto currency world? What exactly do you even mean by ecosystem over here? We know, that nowadays many blockchain platforms with their respective coins are competing to be number one in the cryptocurrency space.
And that's a good thing, isn't it? More competition means more development. If there was no competition at all, we would just see one platform leading and probably monopolizing everything. If they didn't had any competition, they wouldn't want to add/develop anything on their existing platform. This is true for everything. There are people who agree with Ethereum and there are also those who agree with Binance as one of the best as a place to create smart contracts (for example).
People have opinions and preferences. One might like Ethereum, others might like Binance. They all have their valid reasons and to each their own. None of the system us perfect though. Each will have or has their own flaws. |
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It's best to diversify your investments on different places likes stocks and maybe bonds. You should invest in crypto currencies only if you can afford to lose. The crypto market is very volatile and investment over there has a very high risk. If you are willing to risk it, then go ahead. Invest everything (that you can afford to lose) of crypto currencies. As long as you are investing in one of those top well developed coins, and planning to hold long term, you will highly like be fine and make some good profit. Just don't sell at a loss.
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Over the past one year the activity of people on internet have increased a lot. This has made People to explore more opportunities available online. One among that is the cryptocurrency. People who believed bitcoin as a scam and trap have now begun to invest on cryptocurrency. This is transition due to better understanding about the market.
Why would someone who think bitcoin was a scam and a trap, start to invest all of a sudden? Is it really because of the better understanding of the market? Is it because they have seen the charts and saw how good the returns are? Or is it because they have actually learned about the technology behind it and how it works? If it is the latter, then that's a good sign. If it's the former, not good for the community. Another thing is the price increase of the year. This has made more number of users take a look upon bitcoin, and the same has made them get into cryptocurrency usage. Hope this trend will continue even after the pandemic comes to end.
People that are joining after seeing the price rise, are the ones that cry when the market crashes and they sell their coins at a loss. |
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I do remember that google did impose bans on crypto advertisement. Facebook followed the same thing too few days later. But didn't they lift the ban after a year or so? I am almost sure I have seen crypto advertisements on google ad sense. And what if the company is outside the US? They can't register with FinCEN. How are they going to advertise then? But yeah. Good move by google. It looks like more companies are starting to recognize crypto industry as a legit industry.
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So whenever Elon Musk tweets, we panic sell.
Whenever China says something like they'll stop mining and add some extra official shit to it, we panic sell.
When USA says their investors will need to disclose their crypto holdings over a certain amount, we panic sell.
On every panicking news, we panic sell.
They create enough FUD, and we panic sell.
I know I've used the "panic sell" so many times, but have you, for God's sake, ever imagined with a cool mind that whenever we panic sell during shakeouts in the markets, we are actually giving away our BTC to those big institutions who are willing to snatch it away from us, yeah I mean it, every single drop of BTC seems to be taken away from us and it'll be no longer an average guy's BTC which was Satoshi's vision (don't pull me on this, understand the emotions). So if it goes into the hands of these institutions and governments completely, where will we stand? Nowhere. Why don't we understand that it's all more of an intrigue well thought out to wipe out every single BTC hodler (even the smallest one out there) and take away the control from the hands of common people whom Satoshi Nakamoto left BTC with.
There will always be people in the market that will panic sell. Others are aware of them. They also starts selling so that they can keep their profit and then buy when the crash is over after most people sell their coins. This is how the market works. No one cares if it is becoming centralized or remains decentralized. Right now most of the people are here just for making profit. A sad truth. By the way, I was expecting this thread to be about how the government are slowly imposing small policies that will eventually make bitcoin somewhat centralized. |
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Not really. All altcoins aren't shitcoins. You have to exit at the "correct time" when you know you are investing in a shitcoin. Those coins usually gets hyped at the beginning and then gets pumped when everyone starts to invest in it. Once the hype is over, most of the people starts to dump the coins and take their profit. This is when the people that exit at the right time makes profit, while those who exits at the wrong time, loses everything. Even if you are at loss, never hold your shitcoins. Highly likely it will never go up again. Better to make some loss and save some of your investments.
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A good casino should have a fair RNG. Indications of the game being fair, are when you have both winning days and losing days. If every day is a losing day, I think most can agree that's not a fair system.
By everyday is a losing day, you mean that the guy ends up with net negative profit for that current day? If that's the case, then no, it does not indicate that the system is not fair. You can end up with a loss almost everyday. The more you keep on playing, the more you will lose. But sadly, people thinks that they are getting scammed when they can't make profit. Mostly the ones afraid they might have a hard time withdrawing their money.
As long as they choose a legit casino and has done nothing suspicious, they shouldn't be worried about having a hard time withdrawing their money. |
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They can, but they won't or else people will be against them. Imagine all government of the world made owning bitcoin illegal in their country. This would cause a mass disturbance to market. General people will highly like lose faith on bitcoin since they won't be able to use it illegally. Others will continue using it, but on the process will be convicted for breaking the laws. People can still continue using it as long as they don't interact with fiat currency. So yeah, the government together can't stop bitcoin but they can stop people from using it. But that's very unlikely to happen.
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Guys, thank you all for the feedback!
Right now I am choosing a casino for the next review. Please share your ideas regarding the brands that could be reviewed.
That's a nice review website you have there. Looks like you have just started? If you are looking to add more casinos, have a look at CryptoGames (crypto.games). It looks like you haven't reviewed it yet. Would be great if you do that. Here is the announcement thread. If you want to learn more about it, or need any help, just send me a message over here or contact " marketing@crypto.games". Or you can always use the "live support" if you have any question. And don't forget to add your affiliate link when linking to the casino  . |
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