It's not going to be easy even the addicted gambler wants to. He should have a support system like parents or family that will make him stronger mentally and emotionally so that he can fight the urge of gambling and finally end that worst chapter of his life.
Yeah, but quitting is the only way to have a better future and to save money. There is no reason for anyone to continue to play gambling if he is losing most of the time, he must be smart and considering all the things before he decides what to do next in gambling. I've witnessed myself losing a lot of money in gambling, and continuing is so confusing to do that is why I've decided to quit gambling instead and try another way to earn money. I agree. I was also losing a lot of money before and even though I thought of quitting, the impulse to play was still there - that is why I really understand how others find it really difficult to quit. It was only when I finally realized that I already have a son and that I need to take care of his future when the realization and the greater urge to finally quit kicks in and the rest is history  |
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$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.
Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.
There is no doubt that the psychological factor is still of vital relevance in the trading business, and it is very useful to separate those who will eventually achieve the success of those who are condemned to leave the business prematurely, with empty pockets. And that's the main reason why 95% of aspiring traders tend to fail in less than two years, because at the end of the day the markets exert a strange but cruel justice so that the money stays where it should be, and abandons who does not deserve it. The money will be going to the most firm in mind, spirit, and emotions. This is a tough business and you need to be strong and not be a weak hand in order to gain profits in trading - especially in cryptocurrency trading. |
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Crypto market is what is because ETH. Smart contracts attracted a lot of talented developers who had a chance to raise funds through ICOs and ERC20 tokens.
Ethereum blockchain is very good and fast and a lot of big company's plan to use it.
That is right and there is no wonder why there are a lot of talented developers using or integrating eth technology into many ICO's that is because eth is a strong crypto just like bitcoin and eth is not a joke. |
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I think the most secure trading is to use some money from trading capital and use money that will not be in use for the near future,
for example I have $ 1000 and I need to use the money for my family's living needs, then I can use $ 250 for trading and the rest to survive, do you mean from this revelation?
this method is used so that you are not too depressed if the money you have stuck in the expensive price.
There's no perfectly working "safe" trading method. At the end of the day, It's all about the profits or the losses and not about the capital. There's more better way to deal with investing in the crypto market tho ~ buy low, sell high. If you buy low and it keeps getting lower, the only thing you can do at this point is to continue hodling. The crypto market isn't for the faint of heart. So due diligence is someone needs to key into. That is true as we can't really predict all of the emotions of traders in the world. It is just hard to predict but a good trading method will get you through with being emotional in trading. With a good trading method that you are comfortable with, you can just buy and sell at your pre-determined price and no emotions really is involved. |
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Some people think that strong feeling affect the outcome of your bet. But for me its all about luck., what do you think guys.
It's all wrong, there is not an analysis and skill that can determine the outcome in the gambling game. The gambling game is only influential by luck. Without luck then we can not predict what we will get from the gambling game. I recommend not playing gambling because gambling game will only waste our time. A thing that will be useless and can even be bad because of the addiction factor that could destroy our lives. I agree with you mate. There are gambling games that are purely based on luck while there are also that requires skills apart from just luck in order to win. There is really nothing wrong with gambling and should not be treated as a dreaded disease to stay away from because when you are playing it right like just for fun and entertainment for the money that you can afford to lose, that will sometimes help to ease the stresses in life. After all, what we really need here is to have fun in moderation. Everything should really be on moderation for us on able to avoid possible things that might happen ahead if we engage too much on playing gambling.Yes, theres nothing wrong with gambling as long we are responsible with our actions towards it.Positive vibes will somehow give you the enjoyment while playing but not necessarily to have this kind of mindset because way being too positive would lead on too much expectations which will lead into foolish decision because you are already pushing it on. That is right. Positive vibe is not determinant or could affect the outcome of your bets but it is a good sign that you are doing it well - gambling to have some fun and entertainment and when it is no longer fun, better stop right away. |
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We can introduce and patented a new term, which is used only in crypto - "HОDL". I think this is a great idea)) Maybe in a few years it will really become a scientific term. In the crypto industry everything is possible.
That is true, holding is the key. It is easier said than done but if we just follow it strictly and hold until the price reaches your target profit, we can really make some profits - we just need to have a realistic target though. |
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The thing is there is not trading method that will always work for everyone. Too many variables there ranging from your personality (we don't all have the same aversion or love for risk) the amount you trade (if you start with 50$ your best strategy could be to play on some very volatile - and dangerous - coins that can yield a high return in a short term, if you are trading with 50k, having a good return on 100000 sats is irrelevant), where you trade from (some exchanges are not available from everywhere) and I could go on. Not mentioning of course the fact that in some markets anybody can win whatever choice they make (spring 2017) and in some (early 2018) even experienced traders are struggling to just minimize losses. The strategies are just not the same in a bull market and in a bear market.
However you do need a strategy and it has to respect a few basic rules.
- diversify, usually I do not have more than 5% of the bankroll on any trade or coin
- don't enter with all your cash (keep some cash to be able to keep buying if the market keeps going down)
- check what you are buying (most tokens and coins are just vapor and will end up worth nothing), check the team, the plan, the size of the community, so you have a fair chance of holding something that will retain some value.
- set rules of exit (if I make of profit, I will take x% of the profit out of crypto). Not selling when prices rise is just as tempting as selling when prices fall, and in both cases it is quite often a mistake.
- learn about crypto while you are checking your status, DPOS or Pos coins can be a good option for beginners, or small bankrolls, but you have to understand how they work and find some that are reliable.
And be aware that to make some profit in any kind of trading you need some hard work put in and some luck. I am not sure that there was a trader that could imagine in 2016 that bitcoin would close 2017 at 20 000 (I certainly was not).
Good points! I highly recommend new traders to read these and comprehend it better. Don't believe those so-called crypto trading gurus that trading is easy and you can earn fast because trading is hard work and you need to have a system that you are comfortable with coupled with a strong emotional core before you even make your first trade. |
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I think it's normal to have a correction or to consolidate before having another all-time high again. Let's be positive and positive will return so we can see it reaching $50k at the end of this year.
Considering how volatile cryptocurrencies are, those big leaps of prices should be looked at as a normal thing. There is no wonder if we see bitcoin price rises again to its new all-time high milestone at any time. Hence, the more its price goes down, we are at a better position to buy or accumulate more because it will surely go up again. |
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I will still prefer to hold rather than selling it in a low value.
I join in crypto world because i want to become successful and taking risk is one way to be able to achieve that, so eventhough in the end its result is not good i will still not regret my decision. I trust all my coin so i will support it till the end, till i get big profit.
That attitude is what needed to become a good investor of bitcoin and other cryptocurrencies. Holding is not bad and is really one of the ways to earn quite huge in the cryptocurrency market. Just observe the graphs, almost all of the coins are very volatile so it goes up and down and before you knew it, you already profited when the price goes up very fast like a lightning speed. What I mean is that, when you buy at the deep price of a coin, it is just a matter of time that its price will go up again and you will have profit and the only way to achieve that is to hold. |
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I think I will continue to gamble because gambling is not a job for me. It is a way for me to relax and gambling does bring me happiness and sweep away my stress. Therefore, losing in gambling is a good result for me because by losing, I can have some good time with it
Losing money and relaxing? thats kinda contradicting for me, I wouldnt have any relaxing time when I keep spending money. If you live in my country, it wouldnt be just penny change that some people lose. I could actually buy some lunch with 1 mbtc that most people lose on gambling site and claimed it is nothing for them Others find gambling relaxing its their way of distressing after a long day at work even if they know they will only lose their hard erned money. Those kind of people are addicted in gambling and even if they know they have lost enough they will still continue with their bad habit. The fact remain inside OP's question, it's a matter of decision and being responsible, though there's a lots of opinions and own assessment regarding to this but it is still remain that instead doing all in we should manage to control our emotions and thinks that it's not the last day of our life that we can still have tomorrow to try again. Responsible gambling is the key. I think that reminder is well written in a fine print disclaimer mostly if not all online gambling sites. Though most of the gamblers are not paying attention to the disclaimer, terms and conditions, and the like, there is a really big reason why the word "responsible gambling" is always included there. |
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Bitcoin is recognized by the country but not totally legal in one country. It is also depends on what country for some country made btc as legal. Legalization of cryptocurrency in the country is another way of accepting the facts that change will come in with cryptocurrency era inside the country.
Right legalizing the use of bitcoin is a good signal how awesome bitcoin concept is with regards to investing and uses for utility (where are not yet there though in terms of using bitcoin for utility). However, I think bitcoin is alright even without legalizing and recognizing it because it is really a revolutionary invention to free from the control of the government and third-party financial institutions like the banks. |
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Some people think that strong feeling affect the outcome of your bet. But for me its all about luck., what do you think guys.
It's all wrong, there is not an analysis and skill that can determine the outcome in the gambling game. The gambling game is only influential by luck. Without luck then we can not predict what we will get from the gambling game. I recommend not playing gambling because gambling game will only waste our time. A thing that will be useless and can even be bad because of the addiction factor that could destroy our lives. I agree with you mate. There are gambling games that are purely based on luck while there are also that requires skills apart from just luck in order to win. There is really nothing wrong with gambling and should not be treated as a dreaded disease to stay away from because when you are playing it right like just for fun and entertainment for the money that you can afford to lose, that will sometimes help to ease the stresses in life. After all, what we really need here is to have fun in moderation. |
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For me gambilng is funny, im trying to have fun when im bored, usually im gambling with low bets, but to everyone who is addicted and saying to yourself ill have luck next time you wont probably, i dont know a person who is rich now from gambilng, just try to stop  Most of those gamblers who really played a lot ending up burning their money inside the house, those who can say that they are just finding time to enjoy and still keeps on playing even they already loses a lots of money are just fooling their-self, they are thinking that they are just enjoying and it's not affecting their lives, quitting is not easy for those who are already engaged and so addicted. Yes its not really easy but if you still have concerns for your family and loved ones,you should not let gambling ruin your whole life.If you think gambling is already causing too much damages in your life,then start to leave it little by little.I know if you're determined to quit from it,then you must do it now or ask help from your family to help you get out from gambling.Have self-descipline also because changes should start by yourself and not from people around you. I second to this. When your gambling is already affecting your family and your finances, there is really no question whether or not to quit gambling - it is a must that we quit! However, it is really not that easy especially when you are already addicted to it but a slow process and with fixed determination to quit will help you than just doing nothing. |
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I think you must read some information about trading in order for you to prepare yourself mentally so that you will know what are the things you can consider in trading. You must always think that you must buy low and sell high this must be the basic rule you can follow. Always look at the price before selling and buying.
and keep in mind that trading with crypto currencies is way different than trading regular stocks and even forex trading. I have friends that are really good at forex trading but loses a lot in crypto - this is worth the reminder and research why is that so. |
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I think we should not lose fully in the gambling and the gambling is a good way that we are the people who want to do again and again so this is the good way to do gambling in life because for this we have to win so with a good surprise for us is the members of gambling who came from different areas and gambling business is increasing day by day so if we just do it for the fun that's fine but if we are addicted to gambling so this will be a savior problem and it is a good entertainment option.
Gambling is good to just release stress and using only money that you can afford to lose and not as a way to earn a living. |
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I don't expect another bull run anytime soon. The one we witnessed this year was unique. Not so far from exceptional. My prediction... I don't think we will have a huge bounce back in the next 3 months sadly. The market is bearish and its a common trend. By the EOY the music will change for sure. HODL anyway.
That is true, the price might increase on the mid year and not during 1st - 3nd quarter of the year. That is why I think this is the best time to buy and hold to altcoins that you like and to bitcoin as well. |
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FUD is good because it opens peoples eyes to what insane bubble ETH has become. We need to contact vitali and convince him to destroy ETH then we split the ETH market cap over 1000 dev teams who will work hard and bring real innovation unlike ETH.
and thats also why the market just crashed. because eth is too high. if some crappy altcoin that only brings scam ICOs and cant even show the tokens in the MEW is worth $100 billion then crypto is definitely a bubble.
so many new crypto investors got SCAMMED buying eth at $1400... we should all be ashamed.. especially those who keep shilling for ETH...
ETH is not a scam, I am guessing that you got scammed on investing in a good to be true ICO and blaming ETH platform for allowing any ICOs on their platform. It is not just you who losses money on investment and maybe you have gone through a lot. A lot of people got scammed and lost a lot of money and learned from it. Stop blaming and spreading FUD about ETH. Investment is a matter of choice, so just feel free speak your mind and express your opinion. That is so true, ETH is not a scam and what really happen is that most developers of new ICO's that are both good and scam-like are using eth as their main platform. |
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personally, I would not now would sell because everything has already collapsed and for me it makes sense to freeze for a while investments in the hope that bitcoin will restore its position
You are doing the right thing mate, hold while you can and only cash out when you really need the money but if not, it is really worthy to hold because the potential increase of price will surely happen soon. |
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Btc is way better then gold
I don't remember seeing 1 ounce of gold equal to 8000k
Bye is gonna change the world currency
It is really a matter of personal preference of an investor but yes I agree with you that bitcoin is better than gold in terms of price but be aware though that bitcoin price is very volatile compared to gold where its price is quite stable and just little volatility.. |
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It is ok to regret about your lost that serves as a lesson in the next time,just think the positive side that you earn even a small amount only be thankful of what you got.
That is right, we should always keep in mind that in all of our trades, we should see to it that we either earn or learn. There should be no feeling of regret and be thankful that at least you learn and will never commit that similar mistake trade again in the future |
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