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Well, as I do crypto currency stuff of course I will stumble or notice trading and when I first say trading I saw that many people are becoming successful and that's through advertisement , so I become curious with trading crypto currency that's why I dig more deeper in trading and start gathering knowledge and when I decided to try trading I start with trading altcoins and not bitcoin right away, and of course at first or early in my days I frequently losing the trade but I didn't give up and see what I'm lacking and that's the knowledge, skill and experience so I slow and slowly developing those things and now proudly to say that I can trade alone and profitable and thats because of my hardwork and not giving up. So why trade? Simple: it gives me a lot of opportunity, and it makes me develop new skills and traits that I could use in different fields.
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It is called automated trading. Bots are used for the automated trading. You can also check some exchanges like OKX, Binance and other exchanges and read more about their bots. The bots have different works but in a way they can execute trades for you automatically without you doing anything or even when you are sleeping.
But most of the time, this trading bots are high frequency. It operates in many trades, in negative risk rewards, and without the scope of the narrative in the market place such as economic news. For me most of it are flawed. Because in high frequency, you may be winning but the commission or transaction cost could be higher than you are expecting. In negative risk reward, you may have a high win rate but still losing because of it. It is like puting all your faith in robot for our own trading and I personally is not a fan of it. Also, I'd like to add that most automated trading and trading both require huge subscription fees. Well, of course, what do we expect? But notice that not all are using it, especially experienced traders. Most likely, the market for automated trading is those new to trading or newbies wanting to have quick cash or profit while skipping and ignoring the fundamentals of trading, which are knowledge, skills, and experience. And if you notice that even a trading bot has the task of doing auto trading, the trader or the one who will use the bot will still need to configure how, when, and what amount it will trade. In short, traders who will use automated trading still need to know the basics, or else even a trading bot will not help them. That's why it's better to trade on your own without relying on a trading bot because it's more fulfilling and you will be proud of yourself. |
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I came across one channel on telegram known as "Crypto Confessions" and on this channel, one can find alot of real life confessions from real people in crypto, while I was scrolling and reading all the confessions, some very interesting, while alot of others; not so interesting, I came across this one above and it really captivated me, I tried to imagine what this dude must be feeling like if at all what he said was true.
St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?
At least to me a person like that is not qualified to call himself a trader or an investor, so what is he? A desperate person that wants to turn his life around and make a fortune thanks to this market. This person was experimenting a 27x growth on his investment and still refused to sell, that is a growth the majority of those that are part of this market will never experiment, and yet this was not enough for him and refused to sell, and now he has to live with a great deal of regret for the rest of his life, as I am sure 80k was an amount that could have helped him achieve part of his dreams. It's not that the person cannot be considered a trader; see, from initial capital to 80k, meaning he is good and can do better in trading. That's why he has grown or increased his initial capital to a huge possible profit. But the thing is, greed comes in. We can call that trader a greedy trader that cannot be satisfied with a huge profit and wants more, which is the trap and mistake most traders make. Imagine from 80k down to 10k again, which means he stakes a huge amount in the next trade that it losses, and because of being desperate because he saw the 80k down to 10k, he still stakes or does trade with mixed emotion, or what we call rush trade, hoping that he could gain the exact amount again. It's normal for a trader to be greedy sometimes but also have consideration or control. If you see that the profit is enough, stop securing the profit first before engaging again. |
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Most gambling games available to gamblers are biased against gamblers if you play you will lose. However for some people the thrill of the game is addictive and they end up betting money they can't afford to lose, like rent money. I think in gambling the probability of big bet is very low if a person is lucky enough to win once but many people can't handle the temptation of winning then they lose everything by re betting. It is better to withdraw after winning than to lose then you can do everything according to your needs with that money. If greed works inside you will lose everything it is better to enjoy the money than to feel regret.
Well, you are not wrong that gambling is more about losing, but that doesn't mean gambling games are biassed towards that because you are saying that those platforms are rigged or what. Although gambling is more about losing, there's still a chance of winning, but the percentage is too low, especially for those gambling games that rely solely on luck, for example, roulette, slot games, and many more games that you will not use any mind or decision on; you will just stake based on what you feel is the winning pick. That's why, for me, in order to enjoy playing gambling and at the same time increase the chances of winning, I only play gambling games that use mind games, strategic decisions, and such, for example, gambling games with cards, black jack, poker, and many more. It's more thrilling to play gambling games with opponents because it's so satisfying to outsmart them and win, and at the same time, the exciting feeling is too great. |
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We can lost a bet through our greediness all in the name of increasing the chances for winning bigger amount, in gambling, the higher the risk the higher the winning amount because the odds do increases along side, maybe if we would have settled in for winning small amount and having this continuously or occasionally would be more of advantage to us than aiming big ad having no single opportunity for winning at the end.
That's why many gamblers are being greedy because of the phrase "higher risk means higher reward" although this is true but the thing is this phrase is what I hate to be with gambling because even though the rewards or winning amount can be tempted the thing about gambling is that you should always assume the you will lose, because that's how gambling is, its more like you are going to lose than to win, that's why you should always take the calculated risk so that even if you will lose the effect will not be too much, based on OP's situation he already has the winning amount that is enough but out of greedy just because he wants more then the damage becomes too greater, as he said it will be a lesson but for sure he will do it again, and again will say that it will be a lesson, many gamblers are gaslighting there selves saying about it will be a lesson but the truth is they will repeat it again and again. |
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So how about you? Have you ever thought of this idea when your picks aren't hitting? I mean, if we keep following how we think and feel with our picks and it doesn't translate to profit, there's no reason to continue following the same strategy. But are we comfortable with betting against our own picks just for the sake of fading ourselves strategy?
The thing about betting, especially sports betting, is that I bet on what matches I will bet on. Before I bet, I make sure that I will review who's team or players will be playing, and next I will do analysis, looking at the stats of each team or player. So, for example, look at the stats of each team or player. So, for example, in an NBA match, will I really like to bet? Before I decide which team I will bet on, I will view the standings of the team and their conditions. In short, I will do my own analysis first. I'm not a bettor who will bet just because I feel like betting on this team. No, I want to become rational and do my primary analysis so that I will have a better chance of winning the bet. So for those who like to bet, be rational and think before you bet on a team or player. |
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The thing is that no matter what you will use it is still a currency you will use to gamble so no matter what currency you will use or kind of gambling, normal or using memecoin the gain and lose will still the same its just that you are using dma different kind of currency, but the thing is that memecoins are volatile so expect that the amount of currency you have will change because of the price movement and also if I know that a memecoin has the pontential to increase or to prolong then I would rather gamble normally or using a fiat, I'm not a fan of crypto gambling because its a easte f assets to use it in the gambling and especially if the currency has a good potential profit. So yeah I would choose normal gambling than using crypto currency or even its just a memecoin.
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Bitcoin is on a massive progress though not all part of the world accepts it still bitcoin has proven itself as independent. We all look forward to the day when bitcoin will be accepted and recognized all over the world that is why we need to learn more about it and also educate others there by creating awareness and moving bitcoin to it's final success.
Bitcoin is already known world wide, I'm sure many people or countries already heard about bitcoin its just they dont want or they are still hesitant to bitcoin its because there are no proper way of introducing and advertising about bitcoin, if we will just be more spread about bitcoin then many people will actually do bitcoin, they know the risk and some dont want to because of the complexity of bitcoin and we cant blame them, if we could just all people who wants to learn bitcoin then it will be good, that's also why only a selected country and business are knwo to accept bitcoin because accepting bitcoin as a mode of payment is another process and a complex thing especially for businesses, they should be first know how to navigate in crypto world and also the pros and cons of accepting bitcoin as a payment, expect that only in big company or businesses will accept bitcoin. |
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Many gamblers who come new to the gambling was play the game with more confidence to win the money.But they forgot the money used in the game will allow to multiple or to be loss.The gamblers should play the responsible game to avoid of the stress after the gambling loss,if they agree to use the money with both the possibility.So the gamblers won’t complain for the loss in the gambling,they agree with the loss and move to their real life.This was the first thing to avoid the stress after the loss,the second one was playing the gambling with less capital.
When new gamblers get involved in gambling, they think of gambling as a get-rich-quick money-making scheme. Though gambling can make money at home, it doesn't work equally for everyone. There are many who invest money in gambling and lose their entire money and there are many who could not keep that money even after winning big from it. A gambler should know the basics before gambling and how he can manage gambling for a long time. But the point is that the gambler should not make any decisions based on gambling. At any time the gambler can face huge losses. The common and very important words for gamblers "You should invest as much as you can afford to lose". Exactly and that's because many gamblers or new gamblers got influenced in social medias or in the internet about the concept of gambling, right now gambling are being more advertise and many streamers or influencers are doing this stuff, and in their streams or videos we can see that they are winning a huge money and also losing and those winnings by influencers will fuel the hope of the gamblers to play because they are hoping that they can also win huge amount in gambling which is a big mistake, I dont want to accused but those streamers are for sure has funds that given by the casino they are promoting so that even they are losing a huge amount is that they are not affected because its the casinos own money that wh its important not to believe in what you are seeing about gambling in internet, they could do anything just to promote. |
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First remember that you have to play with common sense and responsibility, to make sure that the game is always an entertainment. Knowing this won't make you go to the extreme of borrowing money to gamble. And you have to know the golden rules of gambling. Which are!
(1) DON'T FORGET IF YOU PLAY YOU CAN ALSO LOSE
(2)FOR YOU, GAMING MUST ONLY BE A HEALTHY FOR ENTERTAINMENT.
(3) DON'T SPEND MORE MONEY THAN YOU CAN AFFORD
(4) DO NOT GAMBLE TO WIN BACK MONEY THAT YOU HAVE ALREADY LOST BY GAMBLING.
(5) DON'T LET GAMBLING INTERFERE WITH YOUR WORK OR WITH YOUR DAILY RESPONSIBILITIES.
(6) REMEMBER THAT GAMBLING IS NOT THE IMPORTANT THING IN YOUR LIFE. DON'T LET GAMBLING AFFECT YOUR FAMILY LIFE OR YOUR RESPONSIBILITY.
(7) SET YOURSELF A BUDGET AND DON'T EXCEED IT.
Why I brought this topic it's because so many people are still paying debt, why? Because they went ahead of borrowing money just to gamble and by the end of the day, they lose it all. I know of a friend who is still battling to pay of his debt while he used the money on gambling. Is it proper no. What are the main points of gambling?
(1) CONSIDERATION
(2) ANY AMOUNT WAGERED.
(3) RISK (4) CHANCE AND A PRICE.
With you knowing this elements, you won't bother to go to the extreme of borrowing money to gamble. So have you borrowed money to gamble? If you do please take notes of this and stop it.
I think that gambling should be considered a high risk game.In a high risk game everything can happen and playing a high risk game with someone else money is the worse mistake someone can do.In gambling we have also witnessed that people who usually play with borrowed money end really bad as they lose it all in the majority of the cases.Therefore I consider gambling a high risk game and I have a certain amount that I can throw to this game and not care much if I lose it or not.I immediately quit after losing such amount and come back to gambling after some days as a bare minimum.People with experience know this and act like me,people with less experience they are driven and rushed by emotions which are the ones who borrow money and lose it all,after this their life starts going south. not just a high-risk game; gambling is more about losing than earning. What I mean is that many gamblers are playing gambling just because they hope that they can earn a lot in gambling, and they will keep playing even though they know themselves that they should not risk their own money. Well, there are some that play gambling solely for fun, but it's more about wanting to achieve wealth through gambling, and every tip or OP listed should be followed, especially avoiding borrowing any money from someone just to gamble because if you lose that money, you are only making your life more miserable and doubling the problem and debt. Also, don't risk any money you have saved because you have saved some money because it has a purpose, and if you just lose it, it will also have an effect on you financially. remember gamble moderately and gamble only the money you can afford to lose. |
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Holla gentle men, Before now, I have joined others to use the word "Bitcoiner" I checked and it is a dictionary word which best describe someone that invest, uses or have a professional knowledge of Bitcoin. suffix is used to give a word a different meaning, adding the suffix "er" To Bitcoin gives a different meaning which sound cool. If you also add the suffix "ist" To Bitcoin, you will get another cool sounds but I can't see the word on dictionary. My question is, between Bitcoin-er and Bitcoin-ist, which one sound better? Another question is, what can we call the study of Bitcoin?  I think it's not important that what we call a Bitcoin expert rather than what's important is when we should give someone this title. One should have very good technical and non technical skills in order to be called as Bitcoinist. If we don't focus on this every second person will call himself a Bitcoinist and sell his course to trap newbies and earn money. Everyone has the right to be called in any call sign as a bitcoin holder or investor, and everyone can claim themselves as a bitcoin holder or investors, but of course it is not easy for everyone to actually do good in bitcoin because it is a very important for a so called bitcoiner to have the proper knowledge and skills in order to earn or have a profit in doing bitcoin, anyway no matter what called or call sign a bitcoiner in the end the most important is that everyome will know that you do bitcoin and it really helps you so that many people will become more interested in bitcoin and be attracted to do bitcoin. But for me Its better or sounds better to hear "bitcoiner" than "bitcoinist" its more pleasant to hear and more good as a title or to be called, and it will be an honor to be called one. |
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The best thing to do is that before you choose on which gambling site or online casino will you play on better see or search if they are doing KYC, if yes then when will they implement the KYC, is it before you will deposit money or after, or when you will withdrawn money, because that is the common problem now in online casino, some platform implement KYC or requiring KYC if the customer will request for withdrawal and it will cause a problem to some customers, as a gambler you should be wary of what platform you will use because your money will be the one to be used so you should take precautions and measurement to keep sake your funds, in short find and use the platform that will require you KYC before you deposit or its much better to comply in KYC earlier to avoid inconvenience and to play peacefully.
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Well that's a smart way of betting, I mean you bet in a matches and pick the winner or the side that you think will win based on your analysis to a certain person or player, and one of the example of that is what you have said in your topic, that you are betting in the opposite player that will up against the loser you are saying, you make a smart bet for that, and for that you have earn quite an amount which proves that a better could have any useful information of either the team or the players, by using statistics, news or analysis to a specific player or teams you can have the hint of who will most likely to win in a match and I think that is the smartest and strategic way of betting, not just betting just because it is your favorite team or what, bet according to your information's and data's.
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When you don't know about trading at all, how can you even know how to cope with trading competition? You will probably just be like a novice who is handed a keyboard to play for the congregation. When I first heard about trading, although it was Forex trading, I thought it was just some simple thing I could do and make huge money with, but after I lost some money with it, I just realized that it's something you have to properly learn about the principles involved, learn about the tools to use, and learn how to develop your trading strategy. Trading is not so simple that you can know how to trade after engaging in competition. You even need trading knowledge to be able to join the competition.
This is the reason why we should acquire knowledge and experience at first before trying to pursue our passion in trading. Trading without setting a foundation first will only come into a waste of time and money. Therefore we should avoid it. However, if you have learned the basic skills and strategies already in trading, then challenge yourself and get involved with trading competitions, not actually to make an edge over the others, but to gain more experiences that will harness your own potentials in trading. Exactly, but I also want to add something: even if you have the necessary knowledge and skills, it is very important that you have the experience. Okay, about trading competitions, even if you know you have the skills and knowledge, do you think without enough experience you will do well in trading competitions? No, because those traders that are participating in trading competitions have intensive experience and years' worth of experience in trading. Without enough experience, a trader will have a hard time because he or she will not be able to do well or most likely will lose in the competition or will lose money. But yeah, it is a very good experience for a trader to be able to participate in that kind of event because he or she will pick up a lot of learnings and, of course, experience. Anyway, just make sure that you, as a trader, will not take it to heart no matter what the result the result will be. |
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Reading this post https://bitcointalk.org/index.php?topic=5496161.msg64064950#msg64064950 makes me wanna know what other means top players in the crypto industry are doing to create more awareness for bitcoin in rural area cos i feel that's were the population and investment come from to accelerate adoption but imho it may difficult for them to understand how the digital gold operates but the push is necessary. I fell like the problem is not awareness because at this point the majority of people should have heard about bitcoin, is difficult to think that someone really never heard about it. What is more complicate for many people is actually accessing bitcoin because you need to be a little tech savvy, maybe even more than a little, and be able to properly store your funds. At the same time you must avoid scams. I mean, I get why many people are kind of scared of bitcoin, we're talking about something that when it's gone, it's gone, you'll never get it back if you make a mistake. This is true; it's not about awareness; it's about how people are being scared and it's too complicated for them to start in bitcoin or crypto currency. I know we all also feel the fear, as we know from the start that bitcoin has a risk of losing money, and of course, who will not be cautious about that? But every loss or mistake is part of the development. I mean, if you don't have the will and the mindset to handle the risk and losses, then you don't deserve the rewards that may come. Bitcoin and cryptocurrency are not for everyone; it takes a lot of courage and strong will to be able to navigate well in bitcoin or any crypto currency. So every newbies should be able to know and measure risk that they can take they should be strategic and wary of what they can risk and how much they can risk. |
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Hmm, it doesn’t seem like a wise statement to me because if he had placed his bet on a different game let’s say football and lost what would he had commented? That it was also unfortunate that the team that made him lost didn’t gain any point from that match?
It might also be that we’re just overreacting to his comments and that he said it jokingly because we say something’s that others might think it means something deep but to us it’s just a joke.
You are right and it's very funny when I see some gamblers lose their emotions when they lose money knowing fully well that gambling is a game of luck and chance but when they lose, they will want to transfer their aggression on other people, even when the innocent people say things that don't mean any harm but as far as they are on a emotions, they will react to it in a negative way, that is why we are advice to gamble for fun and not to get rich or quick money because it leads to mental health etc. That's why gambling is not for weak-hearted and weak-minded people because just a few losses might make them go crazy and let their emotions take over and affect their gambling, which will result in more losses and further their sufferings. And that's the trap in gambling: gamblers tend to be more emotional and let their minds take over just because they are desperate to chase their losses in order to recover. Notice that some gamblers cannot stop gambling just because they still have hope to win and recover and also to be able to win a huge amount that will turn their lives upside down. That's why it is important for those newbies in gambling to solidify their emotions and minds and also control their emotions and minds so that they can avoid the loop of despair, avoid becoming too addicted, and avoid losing a lot in gambling, gambling is dangerous for those who can't handle themselves. |
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That's the bad side of online gambling, you can't really control the users you get, even with the under 18 rule, teenagers can just lie and still get access to gambleing features, I think they have to get more strict and find better ways to keep teenagers off gambling sites, maybe by taking some birth certificate as part of their kyc verification, I think that would reduce the amount if teenagers in online casino.
Exactly, the internet now is too powerful, and even young people can navigate the internet well and can bypass a lot of things, and one of them is online gambling. It's true that many younger people are being exposed to gambling because right now the internet or social media are open to this, and we know a lot of young people are already on social media. No matter what guidance a parent will give, they can't look out for or guide their children's 24/7, so there's still a moment where a child could explore for itself and be in a bad influence. That's why KYC is very important now for an online casino because in that way a platform could determine what age their customer is. I know it can also be bypassed, but I think there should be more adjustment or another layer of validation before a user could actually sign up and play on a gambling platform. |
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There is something I understand about trading, that the beginners should not just ruch into trading because they see something on socials, the beginner's should understand how it works first before they start trading, that's why we have the demo account, try it with demo account first with that you will understand how it is, then you can stick any amount of money you want, thank you.
Demo account isn't for that purpose and can't serve that purpose either, it is there to get familiarize with the trading and most often its for the advanced user to try their strategies before going to the actual exchanges. If you don't want to lose your money then stop looking into the social media for becoming rich cause no one is there intend to make others rich other than themselves. I think that's what the OP is saying; it's just that he didn't put nice words or a clear sentence, but you and the OP have the same statement. Anyway, demo accounts or demos are sometimes ignored by newbies in trading. They are thinking that it's a waste of time to do demos are sometimes ignored by newbies in trading. They are thinking that it's a waste of time to do demo accounts; instead, they will go straight to live trading, and that's when they will learn the lesson in a hard way. You see, demos exist so that a trader can do experiments and try the things that he has learned over time. But of course, remember that you should not be too comfortable doing demo trades because you might adopt things that you are doing in demos that should not be done in live accounts. For example, being reckless in demos, as you know you are not going to lose money in demo accounts, you might develop the trait of being too reckless. It can't be done in live trading because one wrong trade might burn all your funds. Treat the demo account like you are trading live. |
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I know in some religions said "each person has it's own destiny", "sustenance has been fixed" etc but I disagree with that. As long as we try our best and harder, it will increase the chance to get something that we have been praying for, it doesn't mean if we work hard we will get it, nope, work hard is bare minimum, but we don't know if we're lucky or not to get it.
It applies to gambling, if you keep gambling, you will increase the possibility to win big, but if there's no guarantee you will win big.
Are you sure? So you are saying that even if you are in a big debt and losing a lot of money from gambling, you will still be a be a gambler because you are believing that you will win eventually because every bet or play increases your chances of winning. Its like you are saying that you should keep on pouring water into your boat until you fully link, you see destiny aside or what, but do you actually believe that every bet or stake will increase your chances of winning? Even though you've already lost a huge amount and you know it will affect you gravely, that's nonsense. It's better to have limits and boundaries when it comes to gambling. For example, if you only have a certain amount of funds you can gamble with, you should know when to stop, if you can't accept that then do want you believe even you know yourself that you will only put yourself in misery. |
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As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
Proof? I mean, don't just spout around saying about being successful in trading without a proof. I don't discriminate really, but the thing is, we all want to know if the one who is giving advice and claiming to be successful is legit. Also, kindly elaborate on your advice because what you've said is that a trader should focus on the process and not the money. That is true, but how? I mean, can you say it in detail because your statement left us hanging or simply lacked information? If I were to give advice for a trader to be successful, I wouldn't because I would still not consider myself successful in trading. But if I were to give advice for new traders, I would focus and invest in their knowledge and skills, because that will be their foundation for being successful and profitable traders. It's okay to make mistakes or lose money from trading, but the most important thing is that you will not stop there and instead learn from them. |
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