the problem here is that OP does not even care about this "Experiment" topic he started and not even give a single reply for all the question.
he expect answers for not complete questions.
so none can give specific replies as this topic was not active at all.
Probably he is reading all of the replies here (or some of it since none of us have the initiative to read all the replies here one by one  ) and aside from him, it can help other people too who are reading here in any way. What is important right now is somebody is keeping this "Experiment" active and somebody will read. People are sharing their views and they talk about what they had from gambling. This topic is related to different people who have been gambling and who learned how to gamble with different experiences and mistakes so here we ask them to share those moments so that people who are new will surely read it and will gain some knowledge. |
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I think, buying Crypto is like gambling ?
Not necessarily. Buying crypto is called investing. Gambling and investing differes in many ways. First way: gambling requires pure luck while investment requires knowledge and patience. Second way: gambling is risker than investing. Third way: you can double your money in gambling and lose it too within a minute while in investing, you have to wait for weeks/ days/ or months. Ok so I let me correct myself: Buying famous crypto is not gambling it is investing. Investing in ICO's regarding the reputation and the number of scam + no exchange can be consider as gambling for me. And in crypto you can win a lot and loose a lot within a minute (pump and dump, manipulation, mistake on an exchange #Etherdelta) If you consider investing in ICOs as a gambling means that you do it blindly without doing some researches about the project, dont you? If you do it then you may also consider trading as a gambling if you do it blindly. Of course it is your own right to consider what you do as gambling or not, but in general both investing and gambling are completely different although luck might be involved on both activities. When I invest in ICO's I do some research of course (I invest time in ICO not money  ) but the majority just read the website and trust all the team. When you trust something and can not be sure if everything is true or false, for me it's gambling. In every investment you have a part of luck and therefor a part of gambling. After maybe we do not have the same "gambling" definition. You can make a lot of money with poker and you invest your money... to gamble I get your point. As you consider investing as gambling since you are risking your money with no guaranteed return. The same as gambling, you gamble hoping to make a profit, with possibilities of losing your money or make money from it. But let me take you to a way of separating these two. Investing is an opportunity given to investors to make a profit in either long term or short term. While in gambling, your chance to make a profit is only the game period and also the time when you don't have any more money or what we call game over. Hum okay, I never saw it like that. I get your point too. And of course a good investor know when to stop instead of a gambler who will continue even if he's now poor. Thanks op for the subject it's pretty fun Investors use to invest their money then they stop investing at any limit. Gambler use to gamble but a wise gambler will only gamble until he wins and if there will be chances of lose they can stop gambling. I like gambling because it’s good for making money and it also gives us mental relaxation. Some people gamble only got fun. |
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~It is easy to judge from the outside if a person is greedy or not but when you are gambling you do not think with a cool head and you don’t understand that you have become addicted until a big level of addiction is achieved.Therefore saying it is you who are responsible for your choice we would not have any addicted gamblers but the actual fact is that we have many.
I don't judge those people mostly because I've been in their shoes many times, and I'm no better than they are in this regard, but I can judge myself, right? So, I think, it was extremely stupid of me to bet again and again, until my balance was zero, waiting for a big win, like I did the other day. In fact what I lost was a little bit more than what I previously won on the same site, but still I feel like I was addicted for more than an hour, and being addicted is a bad thing. But who's fault was that apart from my own? No one was forcing me to continue, so it was completely my fault. That's what exactly everyone should do. Instead of judging a person, it is better to think of yourself in the same situation to realize that it is not easy to overcome. It is not stupidity, it is just an action to satisfy your curiousity. The curiousity and possibility of thinking of earning if you play again. It is not easy to overcome these feelings. It is no ones fault actually. You cannot blame youself just because you still play, you just wanted to play for your own reason. All of us had their personal reasons, and we should respect that in order to show support to every gambler. Responsible gamble always gives a moral support to their fellow players, no blaming or shaming because that's our desire to enjoy money with lucky chances of winning. Addiction will only dominate a person when he's out of control, but if you're going to be on that stage, you really need to overcome it on your own without seeking other's responsibility. Each of us has a different reason why do we gambling, commonly they play just for fun and want some excitement while playing. Some people want to gamble because they want to earn extra money while enjoying the game, and that was good because you will not experience any stress by just playing. But there is an unfortunate side in too much addiction we cannot avoid losing, and by this may cause of debt that too hard to pay. It is better to control your self even you love playing gambling. The reason behind our gambling does not matter but the thing which is important is our self-control. We should have good control of our emotions and not spend your money if you see you are loosing. People lose more when they invest blindly just to recover the lost. Being an investor we must keep control on emotions and Greed. |
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Why should be 100k if someone predicts 1 million in the end of year 2020 LOL. I do not know it is true or not but we do need a bit of motivation or encouragement so that the circumstances are not flat or without a festive. some famous people already say with their own prediction,varies from 50k to 1million$  100,000$ per bitcoin is more realistic than believing that the price of bitcoin will reach 1,000,000$. That's true more expert people say bitcoin will reach 100,000$ up to 1,000,000$ but we all know everyone can have their own prediction on the price. Do you really think that bitcoin will reach 1,000,000$ in the end of 2020? Even there is a good event in this coming year we still not sure about it. 100,000$ per bitcoin on the next five years? So basically in the year 2024 it might happen? Because for me, there are many things that could happen and if ever this thing will come true maybe this time is the chance to buy a lot of bitcoin. Maybe we could take baby steps and see if it goes on $50k and then we will talk about $100k in the future. To be able to get to six digits, I don't know, maybe we need global adoption or at least 10% of the world population is into bitcoin in the next five years. Difficult to achieve but not impossible, in my opinion. This is the bitter reality that most people will show you green garden about the crypto but trust me its just Green garden nothing else so better take your own mind and use it than trusting those black sheep. I know the crypto market is so volatile but we can expect a huge pump from bitcoin as much as I know bitcoin as some hidden abilities to reach $100k but it will take a long time. |
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This is still uncertain about the future. I have noticed negative interest rates are gradually appearing in European countries and the trade war is not over. but it was all just the beginning and the worst was the recession. The economic crisis is even more serious, it usually occurs when a bubble has just burst.
So I think the situation is not as bad as you think. everything is still manageable and the Fed is doing a good job of continuously reducing interest rates.
Situation is worst then ever before, government is just trying to cover that. They manage to bail out huge banks and their mistakes, they manage to bail out some countries, Greece for example, but in long run that financial crisis will come and bubble will burst. Trade wars around are just like sparks, we see them here and there, and I think that one of these sparks will create a big fire, sooner or later. Financial crises come in a country when it becomes so critical for people to work. When people don’t get earning opportunities in the country and governments don’t provide them a good system so crises will come. Traders are contributing to making the country progressive as crypto is our best resource to help our economy get out of those crises. |
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I think freelancing at home is not suitable for extroverts who need to stay in a team of people and solve problems with them at work. Freelancing of course saves time that a person spends on the way to work and back, but on the other hand it desocializes a person that not everyone will like.
that's life, we have to sacrifice one of them, if you choose to work to make money, of course you will lose something you usually do, like socializing and partying with friends, but not all jobs are like that, we can choose jobs that you think don't take up time important, like trading or doing business That’s really good if you get the chance to do both. You should work on trading in your free time and you can invest your money for a long time. The more you hold your investment the more it will rise higher. Gradually it will grow so you can gain profit at the same time you can spend your time constructively. Holding works as earning from your free time and gaining profit. |
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there are many frauds that happen in the past years and it causes fear to other people and that's why they are now afraid to make investment in the market. Misinformation and misconceptions are both factors why people are getting fraud. It is better if we know what we are doing in order to have a profit.
Yes, we cannot stop them from doing bad things that can affect us and their other target, but we can avoid that thing to happen again, we need to know everything and be aware in everything starting now, when we already fail on something or been scam better to avoid that to happen again before they target you again. People always remain in search of those people who are not aware of people. We should make research before starting and make research on Google or any other project. People try to make money from other people by scamming them so we should get involved in real projects only and use them to get profit in real way. |
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I gamble with crypto exclusively but I gamble on fiat levels. How I do is ; I put in 50 dollars worth of crypto into casinos and gamble with crypto, yet I follow my losses or wins in fiat levels in my mind, so if I put in 50 bucks, I need to spend it for a whole week before I spend any other money, if it is over I stop, if I end up winning and have 100 bucks then I remove the extra 50 bucks and keep playing with the rest until I lose and play that won 50 bucks another week.
So, as you can see I am actually gambling with crypto and that is great and all but in my mind I follow it in fiat as well, that is why gambling is never fully crypto for me, even while betting satoshis I count the cents. Hopefully one day we won't have to keep track in fiat and crypto becomes bigger.
That’s really amazing to see when you have chances to gamble with both. I think we should first distribute our money to buy some crypto to gamble with and then gamble with fiat as well so the one gives us more profit will be follow for next time. Yet good chances to buy crypto as prices are low then I case of any unfortunate you will not be sad. |
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Politics seems predictable most of the time but looks like few people actually bet on it. Example, you know Joe Bidden has probably 50% chance of winning the Democrats primary. What stops you from picking and betting on that? Do you bet on politics and what are your winning stats.
Some time around October 2016 after the Access Hollywood tape was released, a certain betting site gave 108 to Trump winning the election. I believed strongly that Trump was going to win despite everything thrown at him. I had $5,000 and wanted to pick the odd. Somehow, I didn't follow through. That could have given me over half a million dollars in winning.
How often do you bet on Politics? Any reason why most people don't really bet on Politics? Do you know any trusted betting site that offers good odds in American Politics?
Never have I thought of betting in politics, especially in my country as it can be unpredictable at times. Nor there are my friends or in network who shared to have bet on politics. I have not also heard about sites which have portfolio to support betting on politics. I would rather prefer to bet on sports or try my luck with arcade games. I think we are not here to discuss the duty of the politicians but one thing that you said was right. If we totally should keep our personal affairs away if we want to make money from political betting. Yet recently in my country, I can see the party that my family does not like going to win in next voting so I am planning to bet but still I am not going to vote for him. |
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Possibly yes, but you can say 100% you will be in control of your game eve things happens in seconds without our knowledge so we have to keep the thing clear in our mind before coming into bet will stop us from over betting.
But for me, a gambler must be having the knowledge and he must be aware of his betting as well. I know in some places when people gain more so they lose control over their greed and keep betting with the same strategies but we must know to earn should be in the limit as unlimited profit can cause loose. And we should not keep spending to recover previous lose so, in short, it’s important to stay in the limit. |
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I believe market moves in cycles and this belief of mine made me to be here till now. Every long run needs a strong base. I believe crypto market is making its base now. It is also true that with recent rise of Bitcoin price altcoins did not move but that may be due to investors not investing in altcoins as of now. Once Bitcoin reaches a decent level, money shall move to altcoins, slowly and steadily there will be new bull run in crypto market.
It will happen for sure once more adoption in crypto price of bitcoin could surge again. The market cycle happen from the start that we sees in low and high value. Even though, it is struggling I am also one of those who believe that there’s a changes in market condition to it’s good position. I am also one of those who are waiting for this good time. We should keep buying as nobody actually know what is going to happen tomorrow so it’s all about predictions that are way much better to make positive prediction than negative one as much as I know volatility is nature of crypto market so better let it grow by itself. |
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i choose fun and enjoying but i think both of them are the same . 1.Enjoying- How much money does it go to weekly?
i can allocate 0.002 btc per week but i can also recieve tips and rains from the site and from other users which i think makes my gambling session more enough . 4.Fun- You play Ofline or online casino?
i play offline before but now i mainly play online because my job now was also online . i can recieve my salary online so i use that salary directly to play gambling . i rarely go outside now . That’s really good if you are having such a satisfactory attitude about gambling. If you love gambling it will give you more income because you will use it for fun but using for greed can harm your income. We should gamble for making money online or offline but needed to be patient about it, as I use gambling to get money but it helps me to get fresh in free time as well. |
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For people who are already adept at trading, they can make this competition as a tool for profit. But for beginners this is very high risk. Trading crypto is not as complicated as fiat trading, but the price movements are clearly different. I am still learning how to do this today. Maybe if one day I have mastered it, I will also take part in the competition.
Competition could be good only for expert traders but those who are new and don’t know what actually trading is the should remain away from this kind of competition and learn how to trade well. A new trader only should learn trading and trade for the long term instead of day trading. Better keep learning as a trader get success through his knowledge, so keep learning as much as you can. |
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Before achieving success, you have to go through many failures including stupid mistakes, try to put your case into the problem, are you willing to say unprofitable transactions with people or you? trying to hide it. When you're an expert, you'll get so many supporters and followers, how can you bring out such negative sides? No one is a perfect trader, everyone has a mistake and everyone wants to hide it.
For sure if we are earning from something so we will make mistakes and we will face losing as no one comes as a trader by birth but people do learn from mistakes and by making experiences so never be afraid of your mistakes just be brave and avoid mistakes if you got lose just take it an experience and get lesson from it. Better Share your loss with others and also tell them the reason so they will learn from it. |
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Ideally you should keep them, for now if selling is an unwise option. We can pray by 2022-2023 maybe these cryptocurrencies can grow back to the value it once peaked. The global economic market has not yet collapsed so we should not pray that crypto can grow steadily.
So those people lost their money for holding but then selling at the wrong time. If you once bought and you have decided to make long term investment then never sell your coins for panic. It will give you lose if you will sell it for being worried about temporarily falling price. We should keep our faith strong and keep holding until it fully recovers in the market. |
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Bitcoin still dominates a very large proportion of the market. And I think Bitcoin dominance should fall, for increase in altcoin prices. Therefore, I think we should wait a little longer for altcoin prices to increase.
altcoin on average has a strong price link with bitcoin, we have to wait for the bitcoin pump then altcoin can usually compensate. so far the price of bitcoin has not been able to make an impact on the price of altcoin, hoping that some time will come we can see the price of altcoin pump Exactly, bitcoin price movement affects altcoins and has really strong influence to it. As of right now bitcoin's price is really low and it even go under $7k and as i can see it has affected altcoins price which also have price decrease and indeed we should be patience and wait till we see altcoins increases in price. There are some altcoins that are keeping up even thou the value of bitcoin is decreasing. And i can see that it is starting to recover but definitely it might go down again and it could take time to recovet maybe by the end of this month. And its like a dejavu so we need to bracr ourselves if the market starts to signal for bull. As much as I think bitcoin is bad its own value and other altcoins had their own. So if the price of bitcoin is high in the market and is altcoins is low then we should hold that coin till a specific time but never lose hope or become greedy to sell early and become rich. Altcoins are good but only for those who are having enough patience to keep their coins holding for the long term. |
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With this current unexpected price decline of bitcoin i have nothing left in my mind for crypto this year anymore, some said anything can still happen but i doubt, next year will be a new beginning for both old and new projects hopefully it won't be too painful as it was since bear market begins
Yes you don't need to lose your hope as still you have good time to see your dreams coming true. We should encourage ourself for holding than losing hope about the future price of the coin. Now a day price is getting well for investors so I hope till end of 2019 or beginning of 2020 the price of altcoin and bitcoin will get normal but till then we should keep holding and just hope for the best. |
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Altcoin will surely come back. Crypto will not earn much volume out there without altcoins so it will definitely come back but the story there is, not all altvoin will be back. Only Altcoin with team of greater crypto minds and use cases that will do well once bull run starts. So Altcoin will surely come back when market recovers
Not sure this could happen in the near future because the crypto market is still heavily influenced by the bear market and altcoins are trending down more. The future of this market is unpredictable and you should take the time to learn new knowledge as this year you will be unable to do anything but wait. I think the altcoin season will come back at a time when everyone doesn't expect and will surprise all investors. If you are not new investors then you must know that this volatility is not bad but it’s like an opportunity for all of us. We should keep buying as the market is giving us such an amazing chance but that’s true people are losing hope for this current because they already suffered dump last year so now again falling price is really bad, just hope for quick recovery. |
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doing daily trading for a living is the most ridiculous thing
I have already said that daily trading is gambling, managing emotions in daily trading are the most difficult thing
I have never seen daily trading that routinely generates profits every day
better to be weekly or monthly trader.
there's a point, because I've tried it myself, even gambling is easier to get a daily profit, because some games are predictable. and it's really hard to get daily profits from trading for this year. unlike under 2017, market conditions are still very good. for now, I can at least benefit from trading can be 1 week - 1 month, even that only get 10-20%. bitcoin domination will be increasingly difficult to make us get profit from daily trading. The funny thing about that volatility is, that it took a month to erase the gains by the 1 day china pump in October. For chines people, it was the lucky day that price becomes high for them and I hope so many people took advantage of it as day traders remain in search of such a golden chance. Day trading is good and profit as too but it needs high-level knowledge and information about trading. If you really want to become a day trader must learn it well and spend a small amount at the beginning |
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Will join with others who have said this to say, that you should never ever put a bigger or even considerable part of your fund in altcoins. Though you might want to try the first top coins in coin market but don't put all your hopes in it.
Whether you are going all in Bitcoin or a smaller part in altcoins. Do that with money you are willing to forgo.
It’s good to buy some Bitcoin for newbies but it’s not smart planning to invest your entire savings into it. We should invest the amount we have added with us so that at a low price we will be able to control our emotions and will not get affected as much we can get effected by investing all. Just buy some coins and keep holding it for the long term it will make a profit for you. |
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