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2421  Economy / Gambling / Re: Please suggest a bookmaker with a great referral bonus on: January 12, 2022, 11:45:37 AM
Looking for bookmakers with a great referral system to get a bonus from a referred player

I have a friend who brings in more money than a large audience, I want to get a percentage of the bets from him

I think most of the websites have almost the same referral bonus. Maybe a little percentage is the only difference and it is negligible. You won't really notice the difference unless the difference jumps up to a 15% interval. But if it isn't, you won't feel it much really. In addition, the referral bonus won't really matter that much unless the person you referred to is active in gambling. Because there's a rule I suppose in this referral rewards system in which for every bet your referred person makes, you will get a little percentage. So if the person you referred isn't really using his account, you will hardly get something in return. I guess this rule was made to avoid being abused by people who are multi-accounting. I suggest instead of actually finding a casino that offers a high referral, check instead of a well-known and reputable casino that could take care of your funds and you can really say that worth the risk because not everyone on the internet is worth it. There are so many complaints on the scams and accusations board if you'll check so might as well go and find the most trusted and reliable one.
2422  Economy / Gambling discussion / Re: Teaching your kids to gamble. on: January 12, 2022, 11:12:13 AM
I believe things that we know of are important to be taught first at home rather than in school or by other people. Teaching your kids the risks and ways on how to gamble is a big thing that they could benefit from the moment they grew older and when they reach a suitable age a person can already gamble. They can also use your guidance not only in the field of the gambling industry but in general as well. Because after all, everything that we do possesses risks and we just have to make the right calculations such as in decision making in order to have a desirable outcome.

In addition, it's much better to teach it to your children first hand so that you know that you are partaking the right terms, tips, and ways instead of it being taught by a complete stranger. That way, you know the things that you are telling them and you control the information they are going to hear from you. Since there should be certain things that still have to be left behind and not discussed yet until a certain age and level of understanding is developed.
2423  Economy / Gambling discussion / Re: Pros and Cons of Gambling on: January 12, 2022, 10:41:27 AM
Everyone here plays gambling. Some win a lot of money, others lose their life saving and most of us are in no profit no loss situation. We win some and lose some and keep on enjoying the game.
Gambling does have some advantages but also it has its disadvantages. It will be better if the pros and cons of gambling be discussed extensively so people especially the newcomers know what they can expect from gambling.

There's a lot of advantages and disadvantages gambling has to offer. This has been talked to several times already here in the forum. It just depends on how a person will permit gambling to influence his life in either a negative or positive manner. Gambling can be a source of income and entertainment for most people. For some people, this is their one way to generate income and is a way for them to bring food to their table. This also serves as entertainment and ease of boredom especially to those people who don't have other outlets to release stress and to have fun. Gambling brings enormous joy to those who are very much used to it. This could also bring job opportunities in a certain place which could result in boosting the tourist rate and eventually the employment rate. Later on, the boosting of the employment rate could then proceed to boost tax revenue by the state because there are more establishments now that are obliged to pay taxes back to the government. This could cause a positive effect on the economy of a country may it be only a little.

However, gambling has its repercussions as well in which could totally negate the good things out offers which is addiction. I think this disadvantage of gambling is one of the major reasons why some countries are still holding back from letting gambling be legal in their area because the citizens' welfare is at risk in this kind of scenario. If the government won't really organize and plan ahead, this could be big trouble. Hence, maybe some just don't have the energy to talk about it yet and give it a chance in their place.
2424  Economy / Gambling / Re: VR online casinos? on: January 12, 2022, 10:11:08 AM
Hi to all. I'm a metaverses traveler and at the same time  a big fan of gambling . Could someone recommend me a cool VR online casino (suitable for Oculus  Quest 2 goggles) which would allow me to bet  with the use of  crypto currency. What I have found so far is slotsmillion but the problem is it is design for Oculus Rift but not Quest2. Oculus Quest 2 store has casino app to play poker in the virtual space but it is not the same as online casinos with the dozens of games to gamble on.



I think there are still very limited options to choose from when it comes to virtual reality gambling or metaverse gambling because most of them are still in the process of being developed yet. Hence, you'll see a small scale of casinos to choose from by now. Considering the gadgets and accessories used as well, the choices would definitely narrow down a little more. If I remember it correctly, someone here from the forum managed to take and experience the feeling of what it is like to play inside the virtual reality casino which is Attari despite it not being able to be officially launched yet. Perhaps the system experienced a bug in which the reason why he managed to enter the game. But I must say that the interface of it is pretty nice. Maybe you could try to look it up here in the forum and see for yourself so when the official launch date is announced and it will be officially released, you'll be able to try.
2425  Economy / Economics / Re: Bitcoin is for everyone but not everyone will be for Bitcoin on: January 11, 2022, 01:10:02 PM
The average person must have probably heard of bitcoin or cryptocurrency as an asset class, however the means to start and engage with it is always a problem. Many have been capacitated with knowledge and understands what the game is all about, but they have been stopped by a financial barrier that prevents them from reaching the other end of financial freedom.




A Person who is still trying and struggling to feed his family, regardless of the headline of  the moon and lambos they see displayed with other sweet testimonies, they can't just be pulled their self from that shell and to invest in bitcoin becomes a challenge. The sad part of life is that it's not fair because a person will be born and will eventually die as a struggler


The title definitely makes sense and this sums up the situation as to why not everyone has bitcoin.

Bitcoin is made for everyone. Bitcoin is invented for us to be our own bank and to manage our own finances instead of letting our finances be managed by other people or institutions. Bitcoin isn't degrading and discriminating against any who plans to enter it. In fact, it encourages people because it is the heart of it. Without the people, bitcoin will lose its demand and will just be other coins that have little to no usage at all because none is using it for instance. Bitcoin is just always there, waiting for future investors. And it will always be ready and open for anyone, whenever, wherever as long as the country is open with the idea of cryptocurrency.

However, not everyone will be for bitcoin. In a sense that not every one of us has the same risk tolerance to be able to invest in bitcoin. We have different risk appetites and what might be profitable for me might not be the case for other people. There are just some people who don't like how aggressive the risks are in bitcoin and in crypto in general because some of them are used to other ways of generating income. And in those ways, there are various levels of risks too. Hence, they might not see bitcoin as something worth it. Meanwhile, there are people who just lack understanding and refuse to know more about bitcoin. These people are close-minded which is the reason why they don't want to invest in bitcoin. There are also people who just have none and as much as they want to invest, they lack the resources needed such as money, gadgets, and connectivity. I believe there are many people belonging in this case because of course, not each one of us is privileged enough to have spare that we could use to risk. Some just have enough to get by. Others just barely make it and are just living paycheck to paycheck. Sometimes still lack the funds to sustain their necessities.

So it's really fortunate of us to have the resources and be able to do and invest in bitcoin. Not everyone has the same opportunity no matter how much they crave it. We must be thankful and do our best to maintain it. I know there would be ways for the latter to be able to achieve it if they really want it, but it would be a tough time for them. This would take a lot of effort and patience in which only a few manage to do because there are still many unforeseen factors that we don't know about they are currently battling with.

2426  Economy / Economics / Re: 2022 Savings and investment plan on: January 11, 2022, 12:38:49 PM
The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

Savings and investment plans are nice things to start this year. Financial literacy should be something to be taught first at home and then in school so that people would be more knowledgeable on how to handle money and how to make decisions that could either make or break them. I agree with you that the past year has taught us so many lessons because I, myself, also experienced hardships last year. I have my fair shares of ups and downs and I have experiences in which I must say a lesson learned well and charge to experience. Because there were also several times in which I acted impulsively resulting in an uncalculated outcome that just brought me regrets. Although, I know I have learned something from it and that's what is more important so that I won't be able to commit the same mistakes again in the future.

Indeed, knowing how much funds you have and properly allocating the budget you have is a good thing to do so that you won't be short in funds in something you are planning to start. Make a list and write down the things you want to start this year. Check what's your priority and then allocate a budget for each of them. Make sure also to have multiple streams of income so that you won't be having a hard time making an in-flow of money. That way, you will have different sources of fundings and you won't be so down if ever one fails to generate for the meantime because you have backups. You see, diversification is a very smart move to do. It would be a little difficult and challenging at first, but it would definitely pay off. Of course, still, do a thorough checking on the things you are planning to diversify your funds with because there are still so many scams and schemes nowadays and it's always better to be safe than sorry.
2427  Economy / Economics / Re: Can civilization revert to a barter system on: January 11, 2022, 12:05:56 PM
I don't really think we can go back to the old barter system in which you would exchange or trade something in return because that was so outdated already and in modern times, you can hardly see the part in which you could try to insert it to be used again. Most especially now that innovation and technology are rapidly spreading and used by almost everyone. Maybe in a little area like in some parts of a country which is rural, it can possibly happen. In the province and in simple communities, this would be probable and doable - to have a barter system that could enable people to live like it was an old century again. However, this won't be possible in the cities as this is more of a task and not everyone has the luxury to trade something for something. This could also bring conflict such as unjust wage counterparts and such to the workers. It's still much better to have it in a money-based system. Because after all, we cannot pay bills with vegies. I doubt the big corporations would even accept that.
2428  Economy / Economics / Re: Is PayPal plannning to Launch of Own Stablecoin? on: January 11, 2022, 11:34:05 AM
Paypal has been existing so many years now. If I'm not mistaken it is already roughly 23 years operating. And right now, there are so many exchangers and e-wallet both at the same time that has been rising and developing which means Paypal has now so many competitors unlike before wherein there are only a few. With this being said, could probably be the reason why they are planning to launch their own stablecoin, if it was really true. Maybe Paypal just wants to have an edge over other exchangers and e-wallets nowadays to make their customers stay and to have more possible users for the following months once it will be implemented.

Although I just hope they won't be too strict on the usage such as the buying and selling of it because that would defeat the purpose if they would be too controlling of the users' decision over the handling of the stablecoin. If this would really happen, let's see if they would be able to handle it well. Most central exchangers want to be involved in blockchain technology perhaps because of its features. Let's just wait how they will manage it. Hopefully, they'll implement it well to retain and encourage more customers.
2429  Bitcoin / Bitcoin Discussion / Re: Who is really controlling the Bitcoin market. on: January 11, 2022, 11:04:11 AM
People always say that they are are waiting for the price of Bitcoin go down before they go into the market for trading and at the same time nobody can predict the market.
Now is the market been manipulated? Or it all depends on the numbers of investors who invested.
There is something we need to understand about Bitcoin.
The more the demand of Bitcoin the more the increase take place.Can anyone predict the market?
Because people are waiting for the decrease in price and are they predicting the market or not?
I don't think have a better understandingn on how Bitcoins

There's nothing certain in the world of cryptocurrency. Hence, most people use and do technical analysis to somehow see and "predict" what might happen to the trend of the coin in the next few hours, days, weeks, months, or even years. you have to remember that the market dictates the price position of a coin. If the demand is high, supply is low, the price value will be high. If the demand is low and there is enough supply or even more, then the price value will be low. The simple law of supply and demand is one of the factors why the trend of a coin is like that. Another factor could be the season of the market. In crypto, we have two seasons that we could utilize to our own advantage which are the bullish and bearish seasons. In these seasons, the positions are completely opposite. In bearish, the price of almost every coin is a dump, meanwhile, is bullish, you can see pumps. So you should also consider if you are planning to invest in the kind of season the crypto market is currently in to avoid regrets.

There are also people who we call whales who can play the massive pump and dump of the price of a coin. These are the people who either drop a big amount of coins or hoard them in which affects the price position of the coin in the market. There are also other external factors such as big personalities stating their stance and whatnots which could affect the market most especially if they have a wide audience (newbies) that easily believes whatever they has to say.
2430  Bitcoin / Bitcoin Discussion / Re: Pay with Bitcoin on: January 11, 2022, 10:33:07 AM
I developed a high interest in Bitcoin lately want to accept Bitcoin for my sales and servicing company, am already working with a programmer to develop software or an application that will aid my transactions using the Bitcoin lightning network.

As the saying goes, no man is an island of knowledge, so I shared my story to get suggestions from this noble forum.

I would like to congratulate you on your business. This time, having a creative and imaginative mind is something that a person needs in order to make his business be widely known and successful. We always have to look for innovation and other products or services that the clients need in order to be on the top of our game. We have to have an edge over other companies so that we could garner and have a larger market. And you, having an interest in bitcoin and utilizing it is a nice move for our community.

Having the initiative to make crypto involved in our businesses is a good thing to let people be aware of its existence as well as its benefits. You can help people be curious about it and let them research on their own which is beneficial on their end and could be beneficial to you as well. If you are still looking for suggestions, I suggest for you use the easy payment method through QR via the lightning network so that people would just have to scan and won't undergo the hassle of inputting so many things just to have their payment processed. You could use a static QR for your store in which would serve as the receiver wallet of each of your customers' payments. That way, there would be little to no hassle to both parties.

2431  Bitcoin / Bitcoin Discussion / Re: It's never too late to start on: January 11, 2022, 09:58:38 AM
Slightly tells me that I know bitcoin from this forum around June 2017,
But I haven't kept up with the crypto world for a long time due to my busy business and boredom with the price of BTC in 2019.
So I almost forgot all my assets until there was one. the thing I think is my stupidity, I omitted my Trezor which still contained around 9 ETH at the time I bought ETH around $ 700 in mid 2018, and ETH keeps dropping so I ignore it.
Long story short I want to start from scratch I want to ask the seniors who are here.
I want to start trading again. Could you please give me some advice so that I don't go through things like a few years ago.

It was unfortunate that you have lost your trezor which contains the crypto you bought years ago. I hope there's a way you could stumble upon to recover your seed phrase at least to open your account again. Because 9 ETH is such a big amount especially now that it pumped its way up after several years have passed. But since you have mentioned that you want to start from scratch, I assume you are now ready to let go and forget the assets you bought.

If you will be investing once more in crypto, /just invest what you can afford to lose. you can invest your spare money if you have so that if ever things go bad, you won't be heavily affected. Ask yourself if you want to stay for the long term or short term and from there, decide. If you are here for the short term, then have some capital that you could use to make your money flow in buy and sell. If you are here for the short term, invest in good coins and hold as long as you can and as long as you are satisfied. It's never too late after all to start investing. It's better to do it now than never at all. We can always make up with the missed times and opportunities today rather than waiting to regret once more in the future.
2432  Economy / Trading Discussion / Re: how to trade btc without kyc on: January 08, 2022, 03:24:32 PM
I don't recommend to do trading in those exchanges which do not require KYC. But If you want to do that, you can trade in Kucoin without KYC, you just have to make account verify email and phone number/2FA.  There are some limits in kucoin for non KYCed users, so must check them before trading.
Kucoin isn't requiring KYC so you're suggesting a contradiction of what you're telling about not advisable to trade on exchanges that don't require KYC.

Although most exchanges are seen to be going there anytime soon that they might enforced KYC to all of their customers. Just like what binance did, they're one of the exchanges that's known to have a non-kyc policy and then surprised us with their forced KYC.

I agree.

Since most of the exchanges are now requiring KYC, there's no other way but to do KYC, I mean binance requiring KYC doesn't bother me at all because they are the best exchange so far since I've started trading in cryptocurrency. Kucoin ain't that bad either but I will recommend binance for their overall good service. It's better to put your funds somewhere you think it's safe and in good hands.
2433  Economy / Trading Discussion / Re: Not too late to meet up on: January 08, 2022, 02:25:11 PM
Some people are confusing, when bitcoin made a new ATH, they'll said that they missed the chance to make profits and decided not to invest on it. When it dips, people would say they are glad they didn't invest on it because it will become valueless. Those people are not worth it to encourage to engage in cryptocurrency, because they will just blame you when the market become bearish.

People who don't know how to accept down moments doesn't deserve cryptocurrency at its best. They should stick to fiat instead.
2434  Economy / Gambling discussion / Re: Don't bet more than you can afford to lose. on: January 08, 2022, 01:22:29 PM
Financial management in gambling is very important to be able to maintain the financial stability we have, gambling has a strong appeal to spend the money we have, so if we can't control it properly it will certainly make us bankrupt and fall into poverty, I'm as a person an inactive gambler, usually I only allocate money to gamble around $50 on the site and I only gamble with football bets, indeed sometimes I try to play slots but I don't bring more than $10 for the game.
In gambling it's bankroll management.

But it's true that it's very important when you gamble because you may find it unnoticed when you're also touching the funds that you shouldn't. This happens most of the time to many gamblers.

Because they are not monitoring and checking themselves if they're still gambling with their budget on their bankroll, they're falling into the trap of spending funds that they shouldn't.

Like a casual gambler, you have small amount to gamble with and that's good and it means that you are still in control.
Handle your finances well because if not then you would be fucked up by gambling.Gamble on the amount which you can afford to lose because if not then you would really be experiencing
problems which in related with gambling addiction.You would make use of those money which are intended or allocated for savings or emergency funds and if you dont have a good
control of yourself then you would really be ending up on spending those funds which it isnt a right thing to be done.
It's the mistake that many gamblers have fell.

They've used the money that isn't for gambling because they haven't controlled themselves. And there will always be those gamblers that would tell themselves that they won't go further if they no longer have money to gamble and won't spend the funds allocated for other important things.

But in the end, they break their own promise.

It's because they lack in emotion control, that's the reason why. I've tackled already about the real reason why people are suffering from gambling addiction, and it is not about lack of self-discipline, it's all about the emotions we feel the moment we are in a verge of losing too much in gambling that leads us to a chaotic situation for us to bet money without any strategy at all.
2435  Economy / Gambling discussion / Re: If you have a chance to become a VIP what casinos will those be on: January 08, 2022, 11:57:39 AM
Honestly, I'm not a VIP of any gambling sites I'm playing but every casino has perks and premium giveaways for their VIP, if I'm going to target one or two casinos for me to become a VIP what casinos will they be, named at least two casinos and your reasons.

This will be a subjective matter as each of us has different taste in terms of interface, services, and environment. We have different risk tolerance as well. Hence, what might be best for me and for others might not work well to you. I suggest you look up to different casinos and check the services they offer as well as the genuine reviews of their past and current clients to assess whether it is worth to take the risk or not.

If you are really after the perks a VIP will experience, you must also look if the advantages and benefits they serve to their VIP customers are what you are looking for and suitable for your liking. Otherwise, you'll just end up disappointed.
2436  Economy / Trading Discussion / Re: Sell a little bitcoin now to get into alts when it all drops soon? on: January 07, 2022, 03:32:40 PM
I'm new at all this but I've been filling my head with bitcoin news lately and things sound a bit dire... uh, bearish?  Still learning the lingo.

If I have a little bitcoin, small time stuff here for you high rollers, but it's 4x my initial investment now, and I'd like to get into other cryptos and learn trading and coding dApps with them...
wouldn't it be a good idea to sell some bitcoin to be able to do that?

It seems like the logical thing to do. But, I'm new to trading and wow it's more complicated than coding. What do you guys think?

Thanks




I'd rather hodl my bitcoin rather than risk it by selling at a very low price just to risk it again by investing to some random altcoins in the market. The profit you could get by hodling is much more better than the "profits" you could make by risking it to some altcoins in the long run, the higher the volatility, the better in the long run, in my opinion.

Don't get too excited or scared because of the recent dump, it's normal.
2437  Economy / Gambling discussion / Re: What will be the next big industry move? on: January 07, 2022, 02:31:44 PM
I expect that for the next years, gambling operators of both online casinos and brick and mortar casinos will be openly accepting Bitcoin bets. And not only that, the Lightning Network will definitely be utilized as well for a more convenient and generally smoother gambling experience.

It is also possibly a big thing in the next years that gamblers could already bet on blockchain game tournaments. For now, I cannot see odds on certain crypto matches. There will definitely be future tournaments on games built on blockchain and gamblers would be able to place their bets on certain teams and players.

Doubt that this will happen.

Most physical casinos are bound by really strict regulations that will likely not allow them to accept anonymous payment methods for AML purposes unless they are situated in a safe haven country.

There is much more value for mainstream online casinos/sportsbooks like Bet365 to accepting BTC though.

Perhaps it is more possible with the use of third party payment service providers. I guess a gambler in a brick and mortar casino could already swipe his Visa or Mastercard Bitcoin or crypto debit card. So it is also very possible that Bitcoin bets will be accepted in the near future but could also be processed in fiat first. So one could place bets in Bitcoin but the amounts to be registered in the casino books are in fiat value. The payout could also be made in Bitcoin.

Seems like a bunch of mental gymnastics and completely unnecessary. Also it ruins the entire point of crypto and Bitcoin, which is to make sure that no third party is ever needed or required. So from my point of view, you seem to be backtracking a bit...

Fiat itself is in the process of being phased out. The future won't have fiat and thats a good thing! No need to drag back old concepts and broken money systems into the new money system...

I agree.

I don't like fiat either but still force on using it because we doesn't have a choice since the Government still uses it for corruption and of course manipulating the economy that leads to further conflicts like wars, etc... The future of gambling industry won't stick to the old style for sure because like us using fiat, they won't have a choice if fiat is gonna be phased out in the future, surely they will be force to adopt the latest form of payment which is cryptocurrency or electronic payment system.
2438  Economy / Gambling discussion / Re: Don't bet more than you can afford to lose. on: January 07, 2022, 12:53:57 PM
There's a 50/30/20 and 70/20/10 rule in money, but what I do is I only spent 10% of my total income every time I receive my salary. The urge on spending your money on your wants is very very uncontrollable if you don't know how to save money. In your given example, if I'm earning $2000 monthly, I would only spend the 10% of it in gambling, it's only gonna be a ln entertainment type of gambling because once you treat it as your source of income, the rest of the remaining money would vanish.
2439  Economy / Gambling discussion / Re: Big Wins of 2021 ($550,000+) on: January 07, 2022, 11:56:27 AM
About a month ago I made a post about how I won $550,000 in one month with sports betting. I thought I'd share some betslips from 2021 which will hopefully inspire some of you. I do a lot of parlays and would love to see some of your big wins as well!

What a fortune, I thought it was complicated to earn money in games of chance, especially sports, apparently I'm wrong.
My "problem" is that I make a lot of bets based on emotion and on the teams I most admire, and I often leave aside the technical analysis and probabilities that an "opponent" team would have to win the one I like the most.
If not for that, I think I might even have some good profit.

Well sometimes is we do some technical analysis we are still going to lose no matter what.

Maybe the OP is really very lucky and also have a lot of big capital that he is willing to lose. So as whales, it doesn't matter what they are going to bet, as long as the odds are good enough. In this case the OP is really looking for huge odds and then big capital that's why at the end he was able to win big.

And it is not for everyone here, but it's good to see that someone is really winning big from this community.

Lucky is really the right term and of course on how good you are on probabilities, simple as that, except for those fixed matches (that you need connections in order to win). Consistency is also important, losing a couple of times should never chicken you out if you really wanted to pursue sports betting profession, it's easy money as long as you know your stuff, it is not easy but it's worth it.

The thing that you should never forget is that you don't bet all in, if you can't afford to lose that bet.
2440  Economy / Trading Discussion / Re: When Greed Comes First in Trading, the Result is Bankruptcy on: January 07, 2022, 10:38:37 AM
While I can easily understand that greed can get you into the world of crypto, it can easily be seen as easy money (although it's usually incorrect), I don't understand how can one become "bankrupt" from this.

I mean that this would also mean a huge degree of irresponsibility. One has to know that he cannot just put all his money into one investment without doing some research. Then, in order to be at such a great loss, one has to also sell his assets when the price is low. While newbie trader wannabes can easily FOMO buy (buy high) and panic sell (sell low), this should be not done repeatedly (one should understand that he's done wrong and start learning) and with small funds (funds one can afford to lose). Otherwise it's not trading, it's gambling.

On the other hand, if you bought high and didn't sell yet, you have lost nothing. Of course, this means that you may recover your loses or lose more, depending on how the price evolves and the moment you sell.

---
Since you asked, I'll also tell that while I was newbie too, I've also done may fair share of trading without being completely aware of what I'm doing. What I've lost was mainly my time, since I was smart enough to do that with rather small funds. I've got good trades, I've got bad trades, the overall balance was positive, but the wasted time was big, especially because after the learning - small funds period I didn't go forward to actual trading-as-a-business, instead I understood it's not for me and I've dropped it.

You can see it as a criticism (irresponsible, wasted more money you could afford), or you can see it as something you can learn from. Your choice.
Good luck and keep in mind that trading is not for everybody. Heck, even HODLing is not for everybody.

I definitely agree with you.

Greed can only be the reason for someone's bankruptcy if what he do all the time is repeating the same mistake over and over again, instead of learning from it, he decided to embrace it and stand strong for his trading technique hoping that it will give him profits if he will stick to it, but that's not how it works. Trading is a very broad profession, that you need to be very versatile in what you need to do in order to always gain profits.

You need to look for different angles to recuperate your losses to avoid getting bankrupt. Pride won't gonna help you to be a successful trader, but accepting your mistakes and learning lessons from it will do.
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