I recommend using the martingale strategy for a short time, that is, if you apply it once and it gives you a profit, then it is best to leave it there, because if you insist more it is likely that the losses will be more frequent and if you do not It has a good balance, you can go all out and be left with nothing, I say this from my own experience, not only here on this platform but on all of them, the results of the martingale are always a very dangerous strategy.
It is good to vary it with different strategies, perhaps betting very little and then making other bets with more balance and returning to a bet of little money, this to take advantage of the sense of randomness and give more chance to our luck to come out on the surface , I have seen many players whose strategy is always to make bets with different amounts and try not to lose control, which is why it is so necessary to have control of the money willing to lose, so there are no major consequences.
Yeah that's right. Martingale is definitely risky since one crash sequence can wipe out the entire bank roll we have. It has happened to me quite a few times and then I realized that it has to do with my strategy. As you said, I have also tried different strategies just like placing small bets in between martingale to eliminate possible crash sequence. It has worked sometimes. At the end, the amount we gamble with, eventually is lost in the games. |
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If you have received the NFTs for free from airdrops then you can consider to hold it for a long term since there's basically no loss you would encounter just by holding it.
But if you are planning to buy NFTs and then hold it for long term then that can be a potential risk.
I would never prefer to hold a NFT for a long term. Maximum I might consider holding for 3-5 years if the NFT has a strong potential but otherwise not.
I consider NFTs a short term hype and while these provide a good way to earn money in the short term holding them for a long term is kind of risky to me.
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During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.
Are you full time trader ?
You post contains so many red flags. 1. You should never consider to do full time trading when you don't have enough money to trade. 2. Future trading is one of the most riskiest form of trading and you should always avoid trading in futures. 3. Don't ever fall for signals and one should learn to trade only by practicing and gaining knowledge from their own experience. 4. As a newbie, it is risky to trade crypto with high amounts. So you should start with a very low amount and learn how to trade. |
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I heard that bear market is the most scary part about crypto I wouldn't call it scary but yeah it is definitely quite overwhelming because of the frequent dumps in the market. Panic selling, bull traps, frequent crashes and the feeling of eternal dump is quite normal in a bear market. now I want to ask a question, how do you guys survive in bear market? HODL Many abandon crypto in such season, miners sell their equipments too..
Only the newbies and panic sellers abandon crypto at these times while the old timers hold on to their coins. Miners do sometimes sell their equipment because it becomes no longer profitable to mine the coins. But I would say that selling the equipment is not a solution to this. Just waiting until it becomes profitable to mine again seems more beneficial to me. |
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@Mr.right85 I can understand what you must be going through but trust me, it's not over yet. You still have a long way to go and most of which will bring you joy in the long run.
The fact that you are here and find a motivation to stick around makes you one step ahead than the others.
All you need to do is keep going on. Keep learning, keep growing, keep making posts on this forum, keep exploring and last but not the least keep finding opportunities to earn.
Do not ever fall for scams and HYIP but find genuine sources where you can utilize your skills and knowledge and transform them to a service which can yield you an income.
At the same time you can find another day job and I am sure you can easily get one and keep hustling until all your dreams become true.
All the best.
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It was indeed a terrific year for crypto in 2021. Out of all the things you have provided in your list I remember Elong Musk, doge coin, El Salvador and NFTs. Elon Musk had manipulated bitcoin very well which lead to huge pump and dump of price in bitcoin. Not to forget how he promoted as well as manipulated Dogecoin as well. He must have really become a pro at manipulation by now  The most favorite part of 2021 was El Salvador accepting bitcoin as a legal tender. My happiness was at peak at that point of time. NFTs were the real buzz last year. It made me remind of the ICO era. Just the same shit in a different style. |
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I think it's quite normal for the team of the project to avoid some questions in telegram groups.
Lots of people keep asking questions in the telegram group and it's easy to miss some of them out.
But the problem arises when we ask the same question to them again and again and if they ignore it then we may consider that they are avoiding the questions.
To be sure of the red flag you can even ask the same question on their discord channel or PM all the team members to see what they answer.
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My perspective is a little different than yours. Although we know that luck doesn't involve skills and all the bets are independent of each other.
But we must also acknowledge that with every losing bet the probability of the next bet to be a winning bet increases.
That's what I think.
You are contradicting yourself here. You agree with the fact that all bets are independent of each other, but you are also saying that all bets are dependent on each other due to rise in win probability with each subsequent bet. This is one of the primary reasons why so many gamblers chase losses using Martingale etc since they think that the chances of recovering their losses rises with each subsequent bet. I guess you are right. But what are your thoughts about Martingale ? We double the amount with every subsequent bet in the hope that we will win the next bet. The longest losing sequence that I have seen is around 23 bets. |
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It is quite a while I have been on this forum, I have noticed some people saying they are not using trading indicators for trading, some people highly recommend people to use indicators. As for me, I have noticed to better draw lines or just carefully look at the candle sticks which significantly got me many information about the next steps to take. Out of all the indicators, I have preferred the RSI but which I can still also predict from the candle stick and I like drawing lines which can easily indicate the extent market increase or fall.
I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.
If you are using indicators for trading, which ones have you used that make a good trades for you?
RSI is one of the core indicators that most of the traders you. Along with that I also prefer to use MACD for more insights. EMA and trend lines are the basic indicators which helps us understand more about the price action. So these are the indicators which I generally use for trading. |
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I know we have determined newbies among us this days that have developed a strong holding (HODL) habit in themselves, I have an advice for you as a crypto holder and I hope you listen.
Do not hold your tokens for too long without looking back, I have lost some this way because later they move to main chain running on separate blockchain, imagine if you decide to check the progress of that project only in 2024 and you see that you've missed out on swapping your old tokens to the new coin..
You are right, this is why we need to stay active in the community. HODL doesn't mean we shouldn't check on the activity of the project. If the project requires swapping of tokens then it will definitely be a loss for us if we don't do it within the specified time. I have faced a similar thing when I had to swap the LEND tokens into AAVE. I had done the swapping almost after a year it was first announced. I was fortunate enough to receive the AAVE tokens but the cost of swapping was relatively high when compared to when it was first announced. Similarly, I had some Eidoo tokens as well which I was HODLing for some years but the price of it kept on going low year after year. So holding for a very long time is also not good sometimes (Not applicable to bitcoin ). |
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When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?
There are two things to note here which will make you understand more on why altcoins follow bitcoin. 1. When bitcoin falls, the price of altcoins fall as well because people generally look at it's value in fiat (eg: USD price) Since bitcoin's price falls in fiat the relevant price of altcoins fall as well. 2. When bitcoin falls, it creates a panic in the crypto market since it owns around 50% of the crypto market cap. So this triggers a panic sell and includes altcoin holders along with it. Hence the price of altcoin even more. |
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An experienced slot player will have better chances to win multiple games when compared to a new player because he would be better at judging the probability of the next bet.
This is a silly statement. Experience doesn't matter at all in slots since it's a completely luck based game. All bets are independent of each other in slots which is why you cannot judge the probability of the next bet. My perspective is a little different than yours. Although we know that luck doesn't involve skills and all the bets are independent of each other. But we must also acknowledge that with every losing bet the probability of the next bet to be a winning bet increases. That's what I think. Of course the perspective will be different from each player, I am also different from you but I admit that that perspective does exist sometimes with experience in slot games always brings good hockey, isn't that confidence? I only think that when the bet is longer, the possibility of winning will increase according to what I experienced while playing slots as long as the capital is bigger to continue playing. Exactly ! Because if it weren't so then the classic martingale strategy would have never existed. It doesn't require us to have a skill yet the probability of the next bet to win increases as the number of bet count increases. While a professional gambler would know this thing, a newbie might not. That's the point I am trying to say.  |
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^ I saw on meta about this thread, https://bitcointalk.org/index.php?topic=5389189.0. Russia will be going offline, they completely disconnect global internet, so how those gambling casinos that based on Russia? There is no boycott anymore, they decided already to cut down their global internet and they only access their local website which is I don't think how they can communicate other outside websites like casinos, not unless someone will use VPN all of these is useless implementation. Anyone could share their thought on this. But according to the link that you have posted, wasn't it only for March 11 ? Will Russia be connecting to the global internet again on March 12 ? What are they going to achieve by cutting off from the global internet just for 24 hours ? Why they do cut off itself off from the internet? It is because of "continous cyberattacks" https://www.independent.co.uk/tech/russia-may-cut-off-internet-cyberattacks-b2031793.htmlBut as mentioned on the link that they have no plans to disconnect the internet from the inside. Too much on being paranoid about boycotting on why people do really have this kind of reaction towards things.If they would consider out on cutting it off then i cant think that much unto its huge effect in overall. If it is because of the cyber attacks then the question arises until when will Russia decide to cut off the internet to the outer world. The cyber attacks can start as soon as when they start the connection to the global internet again. I guess it will be a while before all the dust settles. The recent events are really devastating. |
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I think that is because luck involves probability. Luck based games might not require you to have good skills but if you are good at probabilities then you might turn the tables to your favor.
I disagree completely. Classic gamblers fallacy. Luck does depend on probability, but it doesn't depend on your skills in 100% luck based games. You will never be able to turn the tables in your favour in the long-term thanks to the house edge. I just said the same thing. Luck involves probability and might not require to have good skills. Yes of course we know that in the long run we can never compete with the casino because they have the house edge on their side. An experienced slot player will have better chances to win multiple games when compared to a new player because he would be better at judging the probability of the next bet.
This is a silly statement. Experience doesn't matter at all in slots since it's a completely luck based game. All bets are independent of each other in slots which is why you cannot judge the probability of the next bet. My perspective is a little different than yours. Although we know that luck doesn't involve skills and all the bets are independent of each other. But we must also acknowledge that with every losing bet the probability of the next bet to be a winning bet increases. That's what I think. |
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The fact is everything that has to do with gambling depends on luck to some extent because if you base your bet on analysis alone, you sometime make wrong analysis but again I believe in skills and experience because you can't depend on luck without any prior information or experience. Slot is a luck-based game, just a game of numbers but if you bring an experienced slot player and a novice to play slot you will see that the player with experience will do far better than a player that depends on luck without any experience.
I think that is because luck involves probability. Luck based games might not require you to have good skills but if you are good at probabilities then you might turn the tables to your favor. An experienced slot player will have better chances to win multiple games when compared to a new player because he would be better at judging the probability of the next bet. |
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^ I saw on meta about this thread, https://bitcointalk.org/index.php?topic=5389189.0. Russia will be going offline, they completely disconnect global internet, so how those gambling casinos that based on Russia? There is no boycott anymore, they decided already to cut down their global internet and they only access their local website which is I don't think how they can communicate other outside websites like casinos, not unless someone will use VPN all of these is useless implementation. Anyone could share their thought on this. But according to the link that you have posted, wasn't it only for March 11 ? Will Russia be connecting to the global internet again on March 12 ? What are they going to achieve by cutting off from the global internet just for 24 hours ? |
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I think it is because the bitcoin ATMs would not have been registered with FCA (Financial Conduct Authority) of UK. If they had been registered with them then they would have been under the radar of MLR (Money Laundering Regulations). In that case they would have been allowed to keep their businesses running. As per the AML (Anti-Money Laundering) regime of UK Since 10 January 2020, existing businesses (operating immediately before 10 January 2020) carrying on cryptoasset activity in the UK have needed to be compliant with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (MLRs) including the requirement to be registered with the FCA by 9 January 2021 in order to continue to carry on business. Reference: https://www.fca.org.uk/firms/financial-crime/cryptoassets-aml-ctf-regime |
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Bitcoin enthusiasts in California are attempting to make their state the first to recognize cryptocurrency as legal tender A state legislator in California has introduced legislation that would make bitcoin legal money in the state. The action would be in violation of the US Constitution, which provides that Congress has the exclusive authority to declare what is and isn't legal money. According to the Constitution, however, state officials are responsible for defining "legal tender."
How come all of a sudden US has become so much interested in bitcoin. Just today I saw few posts on Instagram saying that US is moving towards becoming the global leader of cryptocurrencies. Using bitcoin as a legal tender would require so many approvals and personally I feel it won't be happening any time soon. Also, what do you mean by the term Bitcoin enthusiasts ? Are they the normal public or higher authorities of US government in California ? |
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It can literally be anything.
1. Someone bought BTC back then and decided to hold it until now.
2. Someone bought BTC back then and lost the keys and surprisingly found it now.
3. Someone bought BTC back then sold the computer/drive to someone and may be someone just found the wallet now.
4. Someone was lucky enough to hack someone's computer and move the coins.
5. May be it was indeed Satoshi or one of his friends trying to move the coins.
I can keep going on but there's no point. The thing we should keep a note of is that there are people who HODL for so long.
If they can, we can too. #HODL
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So the case of Inflation has finally hit the world head on.
Bitcoin was supposed to be the solution to all of this.
How come Bitcoin has not come to save us yet.?
Why are we not being able to hedge against the inflation and prevent this from happening.
Inflation is very ugly, yet no one is doing anything about it.
why is that?
It just doesn't work that way. Of course you can hold bitcoin to fight against inflation and grow your wealth but not everyday is rainbow and sunshines. Right now it's time to buy more coins and fill our bags so that we don't weep when the price are near an ATH. We are having the opportunity to buy at lower prices right now. Making use of it while we can is the right approach to be followed. We are still fighting against inflation by buying more during the dips. But if you just think about profits all the time then you are just speculating over growing your money. While that's not a bad thing but blaming bitcoin right now for that it's just a stupid thing to do. |
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