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2441  Economy / Trading Discussion / Re: Trading addiction, are you coping? on: February 17, 2023, 07:17:23 AM
You will only get into trading addiction if you allow yourself to fall on it by trading even if you think the market is not in a good condition, and you trade even without preparation so you will end up trading at the losing end. Addiction is curable especially if you find solutions for it and you follow those to solve your problem, but in case of trading, if you set high income that you think you can actually reach from trading, having a wrong mindset will eventually lead you into addiction. But not sure if this rehabilitation center will still be needed for some addicted traders.
Some people can think of the right way to end addiction, but some people needs professional intervention, because they may keep thinking gambling can help them, but not helping them and only collecting more money from them. If gambling addiction can need professional intervention, also trading addiction also needs it.

There are traders who spend a lot of time monitoring the market and the result is not good for them physically and emotionally, so technically there are some who got addicted in trading in the wrong way even if you are making profit. It’s good to have a rehabilitation facility that can help you how to balanced your life since being addicted to trading can also trigger anxiety and depression. I’m into trading but I still know how to balance my lifestyle and still able to spend time outside trading.
I guess you are right, someone can trade, make profit but continue to trade in a way that it may result to health issue for the person if keeping on trading in addicted way. Trading makes some people to continuing monitoring the screen and if they are trading in the night, the market may not come in time and they will continue to monitor the screen which is not healthy at all, even during the Day. That thing do consume a lot of energy from someone and it is something very related to the brain.
2442  Bitcoin / Bitcoin Discussion / Re: Many merchants are worried about high transaction fees on: February 17, 2023, 06:21:41 AM
Many businesses are accepting payments in crypto, apart from other issues the main pain point that hurts them the most is Transaction fees.

Many crypto payments are charging higher transaction fees and what has left in the hand of merchants?
It is because you are using an exchange to make transaction. Do not put your money on an exchange or exchanges, they are not your keys. If you want to use bitcoin or crypto, transfer your coins to a noncustodial wallet.

Bitcoin and crypto transactions are very cheap.
2443  Bitcoin / Bitcoin Discussion / Re: Bitcoin DCA - always same amount or do you change depending on price? on: February 16, 2023, 10:07:23 AM
Some people can wait for bullback which is possible. During investing, it is good to be patient.

Some people have a target, it can be $25000 or $30000 before they will no more start to invest. People that want to invest for long term can use this kind of strategy because they believe bitcoin will reach all-time-high again and they are going to gain.

Some people can just take part of the money weekly and later invest the remaining if the price of bitcoin decrease.

Some people will continue to DCA as they know that bitcoin price is still not high enough.
2444  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: February 16, 2023, 10:00:15 AM
It was a very disappointing evening for Arsenal fans, I'm neutral but also disappointed with the results from the game. Manchester City just keep dominating the league over and over again. Arsenal played well especially in the first half but made mistakes that cost them all three points. Many lessons to be learnt, they now have to focus on the next games ahead. I believe Arsenal have lost their chance to win the EPL this season, Manchester City are never going to drop points.
Manchester City keeps dominating the league but unable to win Champions League. I can not call that dominate because there are some seasons that Manchester City did not win the league title. Manchester City won the last two, even if the club wins this season, it is not the first time that a club would win EPL three times consecutively since some seasons ago, Manchester United won very well also. Still you can not compare English premier league to leagues like Bundesliga that Bayern is always the winner. We never know even if Manchester City would win this year.
2445  Economy / Gambling discussion / Re: Chasing losses - Double down bet or Bet twice? on: February 15, 2023, 11:05:08 AM
What do you typically do when you are on chasing loss situation?
You will most likely lose more if you try to chase losses.

When I gamble and I lost, I just stop to bet if I know that I use big amount of money, but what I can still afford to lose. If I am using small amount, gambling to just have fun, I just continue to gamble and never think of it as losses, if the amount I set for that time is lost, I stop to gamble. Next time, I would have forgotten that I even lost.
2446  Economy / Speculation / Re: Bitcoin price, January. $20000 or above possible? on: February 15, 2023, 07:46:17 AM
2023 was not a good year for crypto, the price of bitcoin has already fall massively, those leaving coin on exchanges were taught real life lesson by FTX implosion, what that led to more bear market. What would be the highest price of bitcoin in 2023 ? Make your guess here:

Op I am making a comment late but that not withstanding, at first I was confused about your dating, I will want you to check the red painted years and make some corrections. Concerning the speculation of the market price, from April 2022 that was when the signal of bear market signified itself and it came fully in June 2022 till January 2023 which the price rise a little bit. In the late January to the first week of February 2023 the price was at the rate of $23+ and now the price is $21k and it will still come down again. So let us say before the year 2023 will end the price of bitcoin might reach the amount of $30 - $40.

I was unable to see the error until now, thanks for the correction. But this is a old thread as it belongs to January 2023. I was very busy at the start of February and unable to create a thread at the time. But if you want to comment more about what the price of bitcoin can be in 2023, you can visit this thread: Bitcoin price guess, 2023
2447  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: February 14, 2023, 06:38:38 PM
Tottenham are currently enduring a poor run of form in the league, losing three of their last five games, but will be optimistic heading into this game.
I will say Tottenham team are not in their best performance too and they are not playing good, anything can happen in football, out of the last five matches too, Tottenham was able to win Manchester City with 1 goal. But one thing we have noticed about Champions League is that home team have more advantage, but AC Milan is not playing good like last season.
2448  Economy / Gambling discussion / Re: Is there an effective way to stop a gambling-addicted person? on: February 14, 2023, 02:17:54 PM
You will need to advice him, give him real life stories about people that wanted to make it from gambling but later become something else, I have read many news about that. See if that would help. Losing so that big might have thought him a lesson. You have to let him realize how gambling can make someone to want to lose his life. That life is step by step for those that will make it. He thinks there is hope in gambling, that is why he wants to make money from it.

If he does not change, he needs a medical help. But I think he would change because of the losses he experienced.
2449  Economy / Gambling discussion / Re: Gamblers theory on BEGINNERS LUCK. on: February 14, 2023, 09:00:50 AM
I remember the first time I bet, I chose three matches or so in EPL, I won all the bets, but I just chose the club the way I like without knowing the club I go for to be good or not. It was clearly a beginner's luck.

The more I go the better I become and I know how to analyse matches very well, not knowing the more you bet the mor you will lose even if you are the best in analysing previous matches played to predict what the outcome of the next matches that would be played.

It is gambling, beginners can be lucky because experienced people can also go for the best matches and lose.
2450  Economy / Trading Discussion / Re: Why are there sometimes big difference between spot trading and futures? on: February 14, 2023, 07:57:48 AM
Because futures trading is a scam. You're doing virtual trading where your gain or loss depends on the index, not the real price of a coin and you don't own the coin at any moment.
No matter how long your explanation is, know that future trading is not a scam. Anyone that is scammed do not know someone has intention to scam him or her, the person do not know what is going on underneath. In future trading, everything is well explained and you know what you are going and how risky it is.
2451  Economy / Trading Discussion / Re: Trading addiction, are you coping? on: February 14, 2023, 07:23:39 AM
Op you have to know that trading is a business so I can't really say it is addicting. Because in a business one, which is the owner has to buy and sell constantly to make his or her profit so with that she or he might be online all time to monitor the movement of the market whether it will be favourable at a particular time or it will favourable at the time. That is is why some traders set a particular time for there trading. Once the time has reached, they would open the trade and buy and sell immediately and closed the market.
You can become an expert and trade and make money, but trading can be an addiction.

If someone think of a business than family in a way the business is affecting the person's health, it is even an addiction. Addiction can be in anything that you are doing, but that you are overdoing and taking your time than normal.

No one should see trading as a business, it is risky. I have seen time that I was addicted, losing money and yet not sleeping well, yet trading the more and losing more money. Is that not addiction?
2452  Economy / Gambling discussion / Re: Is gambling safer than before ? on: February 13, 2023, 08:55:11 PM
In the other hand gambling online also have consequences such as getting scammed by the casino as well.
You can use a reputable casino that people are recommendimg, like the ones on this forum, like livecasino.io. People that got scammed most likely use the casinos that are not trustworthy or the ones that people are complaining about.

But online casinos have the consequence of gamblers getting addicted but they are the modern day casinos that makes gambling easier to access.
2453  Economy / Speculation / Re: why Bitcoin Dumping ? on: February 13, 2023, 07:22:27 PM
Why panic? Do not expect bitcoin price to be increasing without any correction. We are also in the time of both bulls and bears, no side is more certainly predictable this time.

Bitcoin may decrease and reach $17000, or it may not. But that should not be a problem if you have good strategies of investment.

I think bitcoin may not decrease back to $15000 again, but bitcoin may decrease to $17000. That is a guess, I may not be right.

But I am right that we should not fear but see it as unrealized loss that will turn to profit in long term.

If bitcoin price decreases, just buy more and be happy that you buy at low price again.
2454  Economy / Trading Discussion / Re: Why are there sometimes big difference between spot trading and futures? on: February 13, 2023, 07:48:58 AM
In spot trading, you are aiming for the long-term price movement of the crypto so you can immediately make an out for your position if you want for a long-term goal, in futures trading every price action of the market you need to predict and catch up by that you can earn those in just a short time. Just the difference is with the timelines. Theres alot of exchange right there so you can exchange your coins but the most suitable is always make sure you have fully authority with your assets.
With spot trading, you can withdraw to a noncustodial wallet, but with future trading, that is difficult to do.

Some people go for long term leverage like quarterly while some people even open perpetual of strong assets like bitcoin for long term, using low leverage like 2x.

But I understand you, it is good to look at the short term side if you trade future, especially while trading those altcoins, which can be delisted at any time.
2455  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: About 26000 USDT is stuck at CEX.io for more than 2 month!! on: February 12, 2023, 11:38:09 AM
Thanks for the replies.  Does anyone know of a law suit who could help with such cases?
Thanks
Just like I have said before, you have to meet your lawyer about this and he will be the one that will tell you what to do. I think $26000 is huge enough for a reason to think to be in suit with the exchange.
2456  Economy / Trading Discussion / Re: Why are there sometimes big difference between spot trading and futures? on: February 12, 2023, 11:24:28 AM
I do not really understand your question, but let answer it this way and see if I answered it correctly:

Spot price is not the same as future contract price. Spot price is the actual price of a coin but the future price is derived. You can see the spot price higher at time, while you can see it lower at times. Funding rate is what is used to make spot price and future price not to diverge from each other during volatile market.

If the market is very volatile for a coin and it favours the bulls, you will see the future price most likely get to the spot price and later become higher. If the market is very volatile for a coin and it favours the bears, you will see the future price get lower than the spot price. In normal condition of less volatility, the future price is more always lower than the spot price which makes the funding rate more always positive.

You can experience this in a very volatile market.

At the same time, coinbase had way better rates than Binance. Is it legal to buy tons of coins on Binance, withdraw, deposit on Coinbase and immediately sell the coins, then buy USDT and withdraw on Binance again?
That is called arbitrage trading. Some traders make use of arbitrage trading to make money, but high amount of money is required to make good profit.
2457  Economy / Speculation / Re: Bitcoin price guess, 2023 on: February 12, 2023, 08:20:40 AM
The price of bitcoin will continue to rise even though there are occasional corrections like in 2022, and in my opinion whoever is patient to hold then he is a winner, many people have successfully gone through the test and temptation to sell immediately, on the internet there are stories of people who bought bitcoin at a price below $ 100 in in 2012, and he became a rich man because he sold 10% of bitcoin stock in 2017, then sold 10% of stock in 2021, and now he still has tens of thousands of bitcoins and will sell when the price is $ 100k.
But people should realize that bitcoin is not yet a store of value more than being a speculative asset, bitcoin falls most to being a speculative asset. It has a time to buy bitcoin and it has a time not to buy it. During a very massive bull run, it is not good to buy bitcoin again for many months. I am still wondering how those that buy above $50000 will feel now. It is certain that bitcoin will get back above $50000 but it would take time before that will occur. The best time to buy bitcoin is after a massive bull run followed by a massive bear market, any further unrealized loss at that time will not cause panic if you buy at low price already.
2458  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: February 12, 2023, 08:09:35 AM
They didn't underestimate Brentford, we can see it from the line-up they played against Brentford, those were their main players. The reason why they couldn't get full points in the match against Brentford was because they couldn't take advantage of the dominance they had and convert it into goals.
It is true that Arsenal did not underestimate Brentford, but I still see it as a disappointment because I thought Arsenal would win in a way the point margin with Manchester City would increased, but Arsenal fucked up.

Arsenal dominated with almost 70%, had more shots on target. That shows how Brentford keeper is good at the match. I will say Arsenal tried, but it would have been better if they won.

I have started to doubt if Arsenal will take the league because I know Arsenal for one thing in the past, they will be good very well at one point and play very worst at another, but yesterday match has not yet determine that though.
2459  Economy / Trading Discussion / Re: Bitcoin or Altcoin hold, sell or trade?? on: February 12, 2023, 07:48:29 AM
My opinion, Bitcoin all time saving mode is the best way. Some time when bitcoin price up then sell and when price down then buy is the best decision.  This method all time not working for trade. Many time i noticed when i sell bitcoin or altcoin sell since then price grow up and up. And when I buy bitcoin or altcoin then price low day by day. specialy, altcoin hold, sell and trade big loss. 4 years ago few coins i hold for future. now this coin price few value or most of coin value is zero. Few coin trade, there too big loss. past year in the case of 1 coin invest $1000, this coin price today zero.
You can go for bitcoin, but also you can go for altcoins. The problem is that you need to understand the market, but not only understanding the market that only matters, also understanding the coins to go for also matters. You can check the for good coins with good marketcap and go for them. If you buy today, the first think can be unrealized losses, never mind it, continue to hold and later you will be happy as long as there was a long bear market that almost seem like the crypto market will cease to exist which occur in 2022. Look for good coins to buy and later you will gain, but you will hold for long time.
2460  Economy / Trading Discussion / Funding rate problem during perpetual future trading on: February 12, 2023, 07:32:11 AM
Has your trading fund be deducted exorbitantly before, while trading? Funding rate.

Last week, I was trading a coin, MTL. The coin funding rate increased to over 1.5%. Normally most funding can be around 0.01%, which means the charge will be little if you are on the charge side.

If the funding rate is positive, those that long are going to be charged while those that short are going to be given the money charge from those that long. If the funding rate is negative, those that short are going to be charged while those that long are going to be given the money charge from those that short.

The percentage charge can be small, like 0.01% but you should always check the funding rate. It occurs every 8 hours on all the exchanges that I have used, if you have opened a position, it would be charged (or you given the funding charged from others). If you are on the charge side but you close the position opened before the funding rate time becomes zero, you will not be charged.

I just want to advice people to be careful of the funding rate high charge, it can occur to some coins during high volatility. I saw me charged with 1.5%. Assuming I have $2500 and use 4x leverage to take it to $10000. The money that would deducted for the funding rate is around $140, if you are on the charge side.

Have you experienced this before? Charged more than expected and later find out that it is funding rate that caused it?

That was not the amount I used because I do not want to disclosed the amount, but I was not happy that time because I gained but saw reduction in my trading fund.
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