But you have to still be very careful because I have noticed one thing while gambling, you can gamble for sometimes, win and think that the strategy that you are using is working good, but while over-gambling, you may see yourself at loss. I have noticed this many times when I am gambling.

When I started to gamble in 2014, it was because I thought I can make money if I am gambling, that I can be different and learn more about it, but I later found myself in the middle of depression and addiction, losing more than I should and gambling became a problem for me. I was so stupid because I was greedy. I have some people that joined just gamble for fun, I have some of my friends that joined because I am gambling.

That is lightning network for us all, it takes just little time for transaction to be completed, it is almost an instant payment. You can run your own node so that it will completely be your own coins. Not your node not your coin, it is your coin though, but you can run you own node to have full control over your coins.

You are getting it wrong, it is not about unconfirmed payment, when the person is ready, he can send the coin onchain, lightning network is layeer 2 solution, you do not have to confuse people about it, as long as it is his coin when he receives the coin, why then talking about unconfirmed transaction?

If a channel is opened and a transaction is confirmed to send payment into the multisig lightning network channel, also a confirmation is needed when you send it back onchain.

Lightning network is a layer two solution and you should not say anything is not confirmed.

If I open a channel with my friend or a restaurant, we accept payment anytime we see it, also if we use wallets like muun, phoenix and others, we accept payment.

It depends on how you see it, gambling is not by force, also not for under 18 years old, it is advisable for people to gamble responsibly, but some people are greedy and see gambling as a means to earn money and make a living from income from gambling, which result to addiction and loss of more money. Many people are taking gambling to be what it supposed not to be just because of their greediness.

If you take a look of it from another aspect, gambling helps in a nation too, many people that supposed to be unemployed are employed by gambling companies, many software they use are from the contracts given to their developers which constantly work on the software and fix some bugs and they pay them, the games they are providing are from other companies or people that are paid, they pay tax to government, they advertise, which means they are also very useful.

Bitcoin is good in long term, especially after a significant bear market, I agree with that but I do not agree that bitcoin is not good for trading, it is good for trading, even some traders consider it better than altcoins. I understand you though, you mean that altcoins with good marketcap are also still more volatile, which means it can help in making profit but the more can also be the losses, especially the highly volatile ones. What I am just saying is that bitcoin is good both for long term and short term trading.

Going beyond 5x for bitcoin and 2 to 3x for altcoins may be regarded as too high leverage, I have tried this in the past but only led to regret until I realized that too much leverage only lead to liquidation and losses. I have preferred not to go more than 3 to 5x for bitcoin while 2 to 3x for altcoins. While choosing altcoins for trading, I am comfortable with 2x while 3x for bitcoin.

Holding and swing trading are not meant for day profit. Scalping and day trading are the ones that can give daily profit. If I get you correctly, you mean that if someone is trading, there are bad days too? I agree with that, but it should be in a way that the good days are more.

Before you post, especially about bitcoin monthly speculation, it is good to check if anyone else has posted about it, this topic is just 4 topics always from yours

Price guess for March

Bitcoin increased very significantly in January which we all expected, but the much increase from $16500 to $24000 made some people to think that February is going to be less volatile but which might still be a little bit bullish, surprisingly that that was what happened in February as bitcoin increase further but not getting further than $25,250. People expected $25000 to be a strong resistant price because it was when bitcoin falled below it since last year in August.

So what next in March?
In March, is Bitcoin going above $25000, going back to or going below $20000?
In the last 4 cycle bull bear period, bitcoin later still fall below an unexpected price again which was significantly low. Bitcoin may still increase further, but after the increment, can it later fall below $17000 again?

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Also we have 2023 price guess and it continues: Bitcoin price guess, 2023

I have opened positions before that I will start to lose in a way that I will think that nothing good can come out of it again, but in a day, two or three days, the market will just come my direction and I will gain. That was when I knew that leveraging which can make someone to close trade very fast or leading to liquidation is not good. I think this is what you are talking about, that not all trades that first go against the position you opened that may not lead to a profit but later lead to profit. I understand, that is correct.

But that should not be a good reason to disable PnL, I do not think that is even possible on exchanges. I have used more than 7 exchanges before but I did not noticed that, maybe because I do not see it usefulness though because PnL makes traders to know fast the amount of money they have gained or lost. If low leverage is used and going for a good coin like bitcoin, no problem.

If you want to disable PnL, then why trading at all, knowing the PnL in trading is very important. People that I do see this can encourage are holders, people that do not want to sell for over long period of time, it is good for that kind of people not to look at their wallet or they should disable the fiat estimate, that is possible on many wallets.

I have a friend that wants to buy bitcoin, he wants to hold it for a very long time, he has no device he can use for it and only what I can think about now is for him to go for a paper wallet and he accepted after I explained about it to him, but the problem is that he does not have a computer at all. What I think he should do is to create a paper wallet, but he does not have the device which he can use.

He has an Android phone and he is ready to format it to make the phone look like new, install a bitcoin wallet on it offline and use it to create a paper wallet. The problem is that he can not remove the bluetooth and wifi, he can just only not enable them and make the phone to be offline. Is that not enough to create a paper wallet?

After he use that to create a paper wallet, he will format the phone again.

Emotion is just one of it but not all.

Others are:

• look for the right strategy to use
• learn about risk management, very important
• learn about indicators too, do not gamble with trading but learn instead
• continue learning
• be careful of the coins you are using, some traders are using the wrong coins and they are losing just because of that
• do not go for profit that you do not expect loss in return that you can not cope with, do not use leverage or over-leverage. I mean use low or no leverage.

The person should continue to use low amount of money until he gets it right. The person might thought he is not having emotion, but using higher amount of money when the person is still losing is a sign of him not having control over emotion that is tempting him to use more than he can afford to lose, which is very wrong type of mindset in trading.

There is nothing that I learn, but we should not use more than the amount of money we can afford to lose to gamble. Drake's networt as of recent is $260 million. The guy knows what he is doing and I do not yet see him as an addict.

What newbie gamblers can learn is still that they should know that in gambling, the gambling sites have house edge which is a means the gamblers are the ones losing more while gambling site gaining more. Which means they should not take gambling as anything than fun and not spending more than necessary on it because they are prone to lose more than win.

The types of trading that I know are just scalping, day trading and swing trading which are based on the time the trader wants. Scalping which requires few minutes to like an hour, day trading that requires hours to like a day or 2, swing trading that requires few days to weeks or a month.

But there are other forms of trading like arbitrage.

What is the difference between position trading and future trading? Aren't they the same thing.
Option trading is also part of future trading.

Algorithmic trading is not what should be considered as a trading type:


Options and future trading are derivatives. Margin trading is never in the category of future trading, they are very different but just that they both make use of leverage, but how it is done is different and the leverage you can go up to in future is far more than in margin trading, both should be considered separate.

The types of trading that I know are scalping, day trading and swing trading. But in crypto, it is worth knowing derivative trading which is what traders are using to scalp, day trade and swing trade.

Blockchain wallet is not a good wallet if I should say my opinion too, but the wallet I can tell you also depends on what purpose you are holding for and what amount you want to hold.

If you having low amount for frequent transaction, you can use Electrum.
If you want to hold big amount, either for long or short time, buy hardware wallet. If you can use cold storage it is safest too because the private keys are not online.

Be reading about how you can safe yourself from attacks even if you are using cold wallet, still be careful of malware.

I will consider bitcoin as part of my retire plan. If possible I can use the retirement plan for buying assets like bitcoin and gold, I will prefer that. I m not having the fiat mentality because fiat value will always get to reduce.

I am not a type that have to depend on anything like government or anything that have to do with retire plan because I work for myself. I prefer my savings for the future not to be in fiat, it is better if I have asset instead. During a massive bear market, it is another good sign that I should save in bitcoin.

Land, properties like houses and lands. There is important one too that I have not mentioned yet which is bitcoin and also some altcoins that are of good marketcap which I believe can make me 10x or more in some years to come.

I do not like spending money on things like cars because I do not have the money yet, if I have money for it I can buy myself a car to make things easier for me but I just do not joke with something I think its value will increase with time.

With the little that I have as for now, I will prefer to use it to invest on bitcoin and good marketcap coins because they are easy to buy.

Bitcoin ming reward was 50 BTC before. I can ask a question at the time that bitcoin mining may not be profitable in 10 years when the block reward has reduced to 6.25 BTC. That might be what some people may think but not what that happened. More people join the mining and the hashrate increased. What I think is that transaction fee will gradually replace mining reward and we are still continue to see increase in hashrate in a way that the bitcoin blockchain is still very much secure.

I think what the OP means is that it is possible for bitcoin hashrate to continue to decrease if all bitcoin have been mined because miners may not see it profitable again and leave mining it, and maybe for other altcoins. Layer 2 solution like lightning network can help in scalability issue but can not help in strengthening the bitcoin blockchain.

Since I have been using bitcoin and some other cryptocurrencies, I have prefer to send using them instead of using fiat, sometimes it is more convenient for me to send bitcoin.

There has been many situations that a friend and I will have a deal and I will prefer to use crypto.

If other people are feeling like I do, the number of people that are using cryptocurrencies are increasing and such people are also looking for ways to use bitcoin for payment too. That is a good reason enough.

If using 5x, you will be good to know how to use stop loss. Stop loss is not my thing because of the low leveage I use, during high  volatility I have just little losses if trading bitcoin. Sometimes it is good to know that the more we are looking for profit, the more the loss if the price direction is opposite to the position opened and also the more can be the emotion.

I understood you, but just I only corrected you, there is nothing like 0 leverage. At least you will use 1x leverage in future trading. Or did you mean future trading should no be gone for, is spot trading is what you are suggesting?

I think so too, all I can do for leverage sometimes is to just go 3x if the market did not favour, and if gone 3x it must not be more than because that kind of averaging is also very risky and can latter lead to liquidation if you continue to increase it. I prefer to just start with 1x and if profit result, then close the trade.

Playing for fun might help someone to win but the person should consider a big win a lucky day because playing for fun does not guarantee winning, it only guarantee not to get addicted if you have the right mindset.

Play for fun can be different too, some people can say they are playing for fun and also fun to spend high amount of money on gambling, that is a false sense of fun, it is not fun but addiction or irresponsible gambling.

Be it playing for fun or playing for anything, what is most important is to never go beyond your gambling budget, which means you have control over it.