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2181  Economy / Trading Discussion / Re: Why only a Bitcoin trading pair is the best thing? on: April 09, 2023, 06:23:08 AM
I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.
Bitcoin trading is much more good, but if you trade good altcoins, it can be good too, but just that bitcoin is more reliable than altcoins, this is the reason I can say that bitcoin trading is also more reliable and can be the best that you can go for.

There are different types of trading.
Scalping, day trading and swing trading are the types. If you trade frequently, opening and closing positios many times in a day, you may not like bitcoin because of the less volatility, you will pay more on fee on each trading. If you do not want to pay more on fee in trading, you may want to increase the leverage, which is also already making the trading more volatile and riskier.

But for day trade with just one or two positions opened, I think trading with bitcoin is better.

If you are the type that have enough money to use just 1x leverage for bitcoin trading, I think only bitcoin trading is better too.

But if you want to use leverage more than 1x or 2x for bitcoin, some traders may just still use 1x for for some very good altcoins, but just with good altcoins and still less volatile altcoins.

Do you think there could be anything other than Bitcoin in terms of long-term planning?
In trading, it is said that traders should use not more than what they can afford to lose to trade. I do not see anything bad to use some good altcoins that you have been studying for a very long time to trade. But what is most important is that you have to be using a leverage that can make liquidation to almost be impossible.

I prefer bitcoin trading, but I also trade with some altcoins and make profit but I will reduce the leverage or not using leverage at all.

These days I actually swing trade ETH more than BTC. And many days ETH has more volume than BTC even if the market cap for BTC is higher.
No need of confusing, you mean ether has more volatility, altcoins are most of the time more volatile. Trading is very risky, some people even still see bitcoin to be volatile as they are using high amount of money to trade without using leverage.
2182  Economy / Gambling discussion / Re: A Thought On Gambling Strategies on: April 09, 2023, 06:08:27 AM
I think people don't understand that there is no strategy in gambling. Gamble but consider your spendings on it as an entertainment expense. Got luck on your side and won? Good. If you don't you still had fun.
You are right that people should gamble and only see it as fun and entertainment, but there are strategies used in gambling. If you are a gambler, you use only small amount of money to gamble, or an amount of money like less than 5% of your weekly income to gamble, it is still part of strategies used.

Anything that you are doing not to fall into big losses that can devastate your life is a strategy. Also some people read about things like martingale strategy and many others, they are also part of strategies that can be used in gambling. But you are not wrong that no matter what, gamblers should see gambling as a means of not making money, they should see it as fun and entertainment only and they should not use more than the amount of money that they can afford to lose.
2183  Economy / Trading Discussion / Re: Trading have concepts on: April 08, 2023, 10:18:20 PM
And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading.
This has happened to me before. I started with 125x on the exchange I first used to trade crypto futures and I lost money massively. I even changed it to 50x, later 20x, later 10x. All I still noticed was that the leverage used was too much. The best is to go 1x, or 2x if you are more certain about the market to go in your direction.

But according to your explanation, it is like you are supply crude oil in real life to people, which is trading though but not the trading like spot, margin, option or futures which we are discussing about on this board.

A good title for the thread would be  "The dangers of greediness in trading and investing".  The major causes of losing in trading are greediness and the anticipation of making more profit. Trading is a multi-faceted concept requiring a good understanding to succeed. When it comes to greed, how will you handle it?
Do you know the good thing a trader can do? Is to never think of trading as a means of making money. This will help him to be patient and to trade rightly if he reads other ways to succeed in trading. Trading is good, but it becomes like gambling because people just think they can start trading today and earn the same day.
2184  Economy / Gambling discussion / Re: Martingale strategy in casinos on: April 08, 2023, 07:32:34 PM
Martingale strategy in casinos. How do you feel about it?  Huh Huh Huh My little experience sometimes comes with a good result) but more often the result is negative
I remember a day I was using martingale strategy why playing roulette on an online casino. Normally I used to play like three times and anytime I win before the three times play, I just take my money. If I have enough money, I can make good calculations and go five times. Anytime I win, I do not bet again.

But there was a day that I lost during the five rounds, I have no option than to just quite gambling that day. It was an unusual day for me. But normally martingale strategy is working for me. I am not an addict and I only gamble just like 2 days weekly which is also helping me because the more someone is gambling the likely the person can lose. I am gambling less often and the strategies I am using is helping, especially the martingale strategy.

But while using it, you still have to be careful, because if you lose at the later round of the bet, the loss is very huge.
2185  Economy / Trading Discussion / Re: Crypto Exchanges with trading apps for PC (Windows, macOS, Linux)? on: April 08, 2023, 09:57:12 AM
There are probably too few and won't be even worth the time to try since web versions still work fine right now. Even I don't use the Binance desktop app since I feel more comfortable with using my phone plus if there's really a need to use my pc to trade, the web version works well for me already. Maybe that's the reason why exchanges do not bother to, nor prioritize creating desktop exchange applications since there's not much of a need for it yet. They probably see it as an investment that isn't worth the resources needed.
It is because you are only using the phone app and have not tried the desktop app before. I too prefer to use phone to trade but I also use laptop for it, especially when I want to get far from the screen as my laptop is almost all the time connected to the TV in my room.

If you have a desktop or laptop, you can try and use both the website and also use the desktop app and see how different they are and how better it is on the desktop app. I have used the three before and I prefer just the mobile and desktop app than the web.

Although, I can say that preference also matters.
2186  Economy / Trading Discussion / Re: Crypto Exchanges with trading apps for PC (Windows, macOS, Linux)? on: April 08, 2023, 05:55:56 AM
I know there are web versions, but I believe apps are the in thing when it comes to any major platform.
The second exchange that I used was OKX that time, if you used the web version on computer, you can see a link that you can download their computer app before login in. But it is nothing more than the web version. Only Binance has been the one that I used that actually got its own different computer app which is very cool to use and very encouraging.

I think the main reason is that they don't have a budget to maintain it and they just want to avoid any possible leaks. There are lots of alternative to use like tradingview or MT5 so it won't be a problem if other exchange do not have terminal app.
I do not think so, thes exchanges have million number of users, but they just did not work on having computer app is what I think. But money is not their problem, although they will spend more if they want to have a computer app.

I believe that OKX also has a desktop app, but I'm unsure how it compares to the web version's performance.
It is just the 100% copy of their website, nothing added and nothing removed.
2187  Economy / Trading Discussion / Re: is it necessary to mix Bitcoin that you bought from an exchange? on: April 07, 2023, 04:02:54 PM
If you think you do not have privacy or after you exchange the bitcoin that your privacy is a little bit compromised, I will advice you to mix the coin.

Another reason is that you can be thinking that the coin is tainted, you may want to use a mixer to mix it. There is nothing bad about that.
2188  Bitcoin / Bitcoin Discussion / Re: THE RATES AT WHICH BITCOIN ATMs MOVES IS MIND BLOWING on: April 07, 2023, 09:42:41 AM
It is true that bitcoin ATM has increased ever since bitcoin was created, but since September 2022 to March of 2023 which was last month, there has been decline in crypto ATM, maybe this is because of the bitcoin regulation in United States, and slightly in UK.

As shown above, net crypto ATM installations declined for four months between September 2022 and March 2023. However, with 3,627 crypto ATMs going down last month, March 2023 stands out as the month with the largest monthly decline.
2189  Economy / Trading Discussion / Re: Kucoin Automatic Trading Bot: Enhance Your Trading strategy on: April 07, 2023, 07:59:17 AM
Do you have Any More Ideas about Automatic trading ?
I do not have much idea about automated trading, it is not what I just want to go for. I have mistakenly go to bot trading on OKX several times before but I do change it back to normal trading which is the one that I prefer. The one I hate most among them is to use bot to be opening and closing position for you automatically, I can not do that. There is another one that can make DCA easier to do and calculate, but this would be used more by investors and saving coins on exchanges is not good. To DCA, you do not need any bot for it, you can do that manually too. I have been trading since over 3 to 4 years now, but I still find bots not useful.
2190  Economy / Trading Discussion / Re: What are the Trading Strategy , can i get any best suggestion or reference? on: April 07, 2023, 07:46:26 AM
What are the Trading Strategy , can i get any best suggestion or reference?
Trading strategies differs from one trader to another trader. Trading strategies are what you think and follow to trade inorder to make profit, but it may result to either profit or loss.

Assuming I have $1000 and I use $100 to trade which is just 10% of the money that I have.
Assuming I do not go more than 2x as my margin ratio that I am using it to open position anytime that I want to trade
Assuming I start the trade with 0.5x margin ratio and if the market do not favour me, and I go 2x max
Assuming I do not trade until the market fall to a significant level or using indicators for it
Assuming I do not even trade futures but trading only on spot market

All I listed above are strategies, everything you do that make you to make profit while trading is the strategy that you are using to trade. If you are still losing, that means that your strategy is not working and you will need to modify it or change it.
2191  Economy / Exchanges / Re: many CEXs faces strongest regulatory pressure, will you use CEXs/CEXs/TEXs? on: April 06, 2023, 09:51:46 AM
Problem with majorify of those "decentralized exchanges" is that they are not really decentralized. Good example of that is Pancakeswap that is based on highly centrazlied BSC so how decentrazlied it can be in the end? In the same time, truly decentralized Bisq has only ~$100k daily volume so it makes it very costly to buy/sell any bigger amount of bitcoin.
I can not gree more, those exchanges like are smart contract exchanges are a bit centralized. They have a coin, the coin has a blockchain that th tokens are built on. You can not exchange more than the main coin and its tokens. Just like BNB and BUSD, they are very centralized and owned by Binance, their decentralized exchange is not completely decentralized.

Op just tried to vary CEX with another term called "Transparancy Exchange", but couldn't get rid of what people are most concerned about from it like KYC, 3rd party-custody wallet, etc. "Transparency" (in my sense it's loading trade logs) in this case is actually not an unneeded feature in normal trading, in fact I don't know anyone who needs this.
I hope OP can post about what he means as transparent exchanges, but likely it is just also a centralized exchange just like you said. Exchanges would fall either under decentralized, and if not fall under decentralized, it is a centralized exchange.
2192  Economy / Exchanges / Re: many CEXs faces strongest regulatory pressure, will you use CEXs/CEXs/TEXs? on: April 06, 2023, 07:51:50 AM
The U.S. Securities and Exchange Commission went after Kraken for its staking service
That is true, but no staking on Kraken again, the issue has been solved.

The present issue now is Coinbase issue with United States SEC, but I think Coinbase also is not offering staking service anymore to its customers.

The main issue for now is CFTC that sued Binance for not fully complying to United States laws. Also is Binance letting people in China that forbids trading of cryptocurrencies to make use of their platform for such services, but we do not know yet how true this is.

That’s led some to speculate crypto traders will shift to DEXs, and the DefiLlama data suggests that could be happening.
AS for me, there are many exchanges. I use four exchanges and I have registered on more than eight exchanges before. I still successfully use centralized exchanges. But never leave your coins on exchanges.

Now, we find a new type of exchange named TEXs(Transparency Exchanges),which find a balance between security and transparency and user experience, hoping to ensure transparency and security without sacrificing user experience.
I will read about TEXs, but how are they working? Can you give a brief explanation of the exchanges?

What do you think users will choose TEXs/CEXs/DEXs, what's the reason?
I use Dex, I also use Cex. For derivative trading, I prefer Cex, but Dex for buying coins somethings. I still also use Cex to buy coins too.
2193  Economy / Gambling discussion / Re: Why do new online casinos struggle? on: April 05, 2023, 08:08:34 AM
If you want to use 6 hours to cut a tree, you should use at least 4 hours to sharpen the blade that you want to use to cut the tree. If you want to do a business, spend more time to prepare the business in a way it would attract people. Before you start a casino, you need to make all works as planned in a way you lack nothing. That will help your business.

Advertisment is very important. Assuming you spend $1 million on a business that needs advertisment, there is nothing bad to budget $500000 to $1 million or more on advertisements. Advertisment is very important for a business to succeed, which is the reason people are going for it.

Having money to pay for advertisment, it also indicates to people that you have enough money and people like something like that. Some people will check your gambling site if you advertise, some people will later would be convinced to check your gambling site if they keep noticing your advertisement.
2194  Other / Beginners & Help / Re: What can be the best way of controlling emotions while trading ? on: April 05, 2023, 06:05:08 AM
There is no better way than to discipline yourself and never alter your trading decisions after you have opened a position. Just follow your decision.

The second thing is that you should not use high leverage. This is what makes many traders to continue to lose. I have used high leverage before and the result is panic of liquidation and losses.

Be patient, do not see trading as a job, but see it as something you can do without if talking about your financial life.

Always know that it is better to make a single trade within few time and gain than to make multiple trades and lose.

Use the amount of money that you can afford to lose is also very important.

Like I said before, do not alter the strategy you are using because of emotion.
2195  Economy / Service Discussion / Re: I think it's time to leave Binance, any alternatives? on: April 04, 2023, 06:42:54 PM
Binance has features like: Futures trading, options, leveraged tokens, swap farming, DeFi Stacking, Liquidity Farming, Launchpad and so on. These features attract a lot of users but p2p exchanges lack them. So, there are people who choose centralized exchanges because of that.
You can see many decentralized exchanges that are offering derivative market like future trading, but people can be afraid of hack and exploit.

So, my question is, if Binance goes down, which centralized bitcoin exchange are you going to use? Personally, I think that Coinbase will become more popular because it's number two exchange by popularity at the moment and what makes it more attractive compared to Binance is that it's the San Francisco-based company, has been in business since 2012.
I do not use a single exchange as I do not also keep money on exchanges. I use Kucoin for no KYC, I also use OKX and Huobi global. If no Binance again, I will add another exchange which most likely not Coinbase. Coinbase do not even provide derivative trading like future trading and also not offering margin trading.
2196  Economy / Gambling discussion / Re: Do You Think Existing Crypto Casinos Were Able to Churn Fiat Casinos User? on: April 04, 2023, 02:09:26 PM
I think most crypto casinos are still churning out existing customers. I also believe that it is not that easy to get a traditional online gambling user to change their habit. What do you think?
All I know is that if someone is a crypto lover and they like gambling, people always prefer to try something out. Because of that, they may try crypto casino and check how it is. If they see somethings about crypto gambling site better than fiat, like fast deposit and withdrawal, they may turn to crypto gambling sites. When I was accessing bet365, the withdraw of money take me more than 2 weeks, while crypto casinos take just within some minutes.
2197  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: April 04, 2023, 01:52:08 PM
I will prefer not to go for matches like Liverpool versus Chelsea today, such matches are very hard to predict, it would only be a guess that may or may not favour.

The best match to go for in EPL today would be Leicester City versus Aston Villa. Although it is on prediction site that I used that it would likely be draw, but I see Leicester City not performed like before, but Aston Villa as been good so far. Do anyone think the match can be won by Aston Villa, or drawn?

and it looks like the Chelsea vs Liverpool match will be a match that is difficult to predict the winner. Yes, Chelsea have just sacked Potter for the poor results of a number of games this season.
I do not care if Chelsea has sacked their manager, the match between Chelsea and Liverpool today would be very difficult to predict. Liverpool has already won Chelsea more than Chelsea winning Liverpool. But I was surprised to see that their last three matches were no single goal, their last five matches were drawn. Liverpool won 3 matches out of the last 10 matches played while Chelsea won 2. So this today's match would be very difficult to predict but Chelsea is not playing as expected.m, although both of the clubs having playing not as their fans wanted this season.
2198  Economy / Gambling discussion / Re: Best time to gamble on: April 04, 2023, 09:46:45 AM
You like to gamble in the afternoon. You asked your friends, they said in the evening is the best time. Hope you know that we all have different type zone as people around the world from different countries are on this forum?

If it is casino, you may be right to yourself. But some people may just like to gamble during weekends, just because they are not going to workplace. Some people may prefer evening time after work too. It all depends to when you have free time for fun and gambling.

Sport betting is different because the time of matches are fixed, unlike casinos that are online 24/7.
2199  Economy / Gambling discussion / Re: Betcrypto.cr bankroll idea| thinking on opening our bankroll for investors $400k on: April 04, 2023, 07:20:44 AM
Hi we are thinking on starting a fundraise to increase our current bankroll we have $500k but we know our site is going to get huge fast because we are going to be 100% KYC free and available worldwide.
That does not mean. I have even seen a gambling site with KYC that grows too. The ones that started with no KYC requested from customers that even later requested for KYC also continue to grow, but this depends on how excellent the service they are providing their customers are.

Let me know what you think about this idea we have.
According to your explanation, no one is going to believe you, you said already that the site is complete already and some people are already testing or playing on the site which you even make profit from. So why need money again?

This is also not even about gambling, it supposed to be on reputation board.
2200  Other / Beginners & Help / Re: How to use google authenticator on bitcoin wallets on: April 04, 2023, 07:10:13 AM
Google authenticator is not open source, the source code is not reproducible, or you can correct me if that is not correct. I will prefer to use open source indicator like Aegis instead which I can even backup without necessarily using QR code which is meant for import.

Google authenticator is necessary anti scam device that helps to lock wallets or transactions process.
Authenticators are not anti scam device, they are applications.

Also the word anti-hack would be better, not anti-scam app. It does not also lock wallet, it makes your account or wallet you used it for to request for a code to broadcast a transaction. Without the TOTP six digit code, the transaction will not broadcast, but it does not lock the wallet.

But if using it for a custodial wallet or an exchange, possibly there may be a warning that you have certain number of times that you can use a wrong code before the wallet is locked for 24 hours, but that is done by the exchange or custodial wallet.

Scammers can not have access to your wallets because authenticators is primary source of one device per time, if nobody have access to your device nobody will have to your wallets or income.
Do not misuse the word scammers, hackers is the right word to use. You voluntary handing over your coins to scammers because you believe them, but hackers find a way to hack your wallet. So anyone that fall victim of scam will even send a coin to scammer without the scammer hacking into his wallet.

Put a similar name you're using at your trading apps, create password for it, then activate.
If you used the QR code generated by the wallet, the name would automatically be generated and will likely be the name of the wallet or exchange. I will prefer the way you explained it and input the name that I like.

Note: it is very important that your 2fa app should not be on the device your accounts and wallets you are using it for are, they should be on a separate device.
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