We all have a different experience how we started our first bet. Their are people who started bet without having any knowledge concerning it. Their are some people started with a help from a friend to bet and their are some who took their time to learn before they started paying bet.
How was your first start? Did you play blindly or spent some time to learn.?
If you understand English, then there isn’t any big deal to place a bet to be honest. I mean it’s written all clear whenever you play on a gambling site or casino. I believe many of us have played dice as their first gambling game, and in most of the dice games it’s mentioned, about the Bet Amount, Under or Over and the risk involved. So to be frank, I didn’t spend time to learn how to bet, rather I learned how to minimise risk while betting. And regarding the first bet thing, it was very easy. I just deposited money and placed a manual bet on dice. I dont know what is your point but I think those who played for the first time is they know how to read since they know how to access that website even you only know basic English you will understand. Dice game and i forgot the name of the other game that you will bet a certain amount and you will hit stop button when you feel that it going to crash . This is my first ever played gambling in online , in physical i played gambling games in carnival as it was fun to watch. Though i lost it but still ot was fun playing |
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This move is going to lessen the gambler in Australia which i think they are not scared of. But it is a good move by the government and the casino owner as it could lead to debt, also the method that the casino owner doing (sending alerts when they deposit much higher) is can still be bypassed by those gamblers but the law is not so it is better to implement that law. I know a lot of gamblers wouldn't agree with this but this is for their own good
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In general it can be said that satoshi's dream did not fail, the most important dream of satoshi is to present bitcoin to everyone so that it is easy and cheap to transact, of course many dreams fail but in general they don't, and I'm sure what is happening with the development of bitcoin with the current market cap around $340 billion is a fantastic value and never thought before.
His already accomplished when people already know bitcoin and start using it. When Satoshi saw the value of its creation i am sure he is already happy and accomplished. I am hoping where he is right now he is happy and we as a user of Bitcoin we are really thankful that it arrived to us and help us financially. I know bitcoin future is very bright and i am hoping that Bitcoin will last forever |
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The entire world would have looks more worse than what we are seeing and the government would have caused too much problem to the suffering of the masses. Mist of us that are into cryptocurrency can attest to this because when we started, we were not as rich or comfortable as we are now but since the introduction of Bitcoin into the market, we have finally or partial escaped penury which would have worse the whole matter.
The government are there working as if they care about our existence but thanks to Satoshi Nakamoto that introduced Bitcoin to the world so that we can make a decentralized transactions without intervention of the government.
Bitcoin is not as big as you say, without bitcoin, the world is still the same, neither bad nor better, bitcoin is still not big enough or important enough to impact society. Our world has 8 billion people, and the number of people who know about bitcoin and use it only stops at a few hundred million people. That means more than 7 billion people are still living a normal life without bitcoin, bitcoin is helping many people to have a better life but not all. But I hope in the future, bitcoin will be more known and widely used because bitcoin is really good for us from investment to convenient payment method that bitcoin brings. I agree with what you said, because bitcoin does not help all of humanity, but at least minimizes the economic the bad one situation for those who are interested in investing in bitcoin. and with bitcoin a lot of people are helped economically, like I see people with disabilities, like people who have abnormal physical conditions as usual, which are caused by birth or as a result of accidents. and with bitcoin their economy can be helped. as long as they are interested in investing in bitcoin because with bitcoin everything is easy. Bitcoin really helped those people in need on money like us , not because of Bitcoin i cant purchase appliances for our home and also helped me financially which i am thankful. I know most of us here also helped us financially. Back to the topic if bitcoin wasn't created i think there are still no impact worldwide but it has impact to us as a single person as it helped us, it is sort of source of income. I am hoping that the bitcoin continue exist so it could help others too |
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The reason for losing money in trading is that most traders are new to the crypto market and expect to make more profits in a short period of time, in which case they face more losses. To determine risk tolerance, start trading with a virtual account and analyze the market well. If you have limited risk capacity and cannot handle large losses then it is better to close the trade.
People lose money in trading for different reasons, some maybe because of not having good understanding about trading but they force their self in trading just to make money. Some people come into trading having a mindset to become rich without making good research to know the essence of trading. Lack of knowledge is the reason why people lose all of their money in trading. If traders should consider learning and having patience their wont be to much lose of money. When we say trading for those people that are new to it will say that you can earn big from it and you can easily do it . That is most of my coworker first impression when i say trading in which it isn't true. If your mindset in trading is only getting money from market then you'll be having difficulty to earn from it. You should think really first about learning and understanding it as you need first to connect with the market before you can trade and earn profit |
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To be fair, the future of bitcoin is unpredictable, but with what bitcoin has done in the past and we are investing in bitcoin, we have every right to hope for a bright future for bitcoin. Bitcoin is a volatile investment, it can also give us high returns and also make us lose, so invest only what you can lose, and bitcoin is not an investment that can make us rich overnight. We need to be patient and not mind its short-term decline, let's look at the long term.
It is also not about investing, but we will be using it as a payment method in the future, so the possibility is that we will be cashless as we are just using our phones or card to pay bills, etc. But for now, only a few establishments are accepting it, and also bitcoin is known to have a high price and is very volatile, which is why a lot of investors and traders what to get into it and gain profit, even though it is risky, they will still jump into it. |
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People will still grow over time, this solution is not for one person, but all people in the world should react to this. Also, resources are getting lower and lower, and as we can see, farmers are saying that the demand for food is too huge that they can't now cater to it. I know the government is already implementing things to slow the growth of the population, such as family planning and using contraceptives, and providing sex education to all people or students so that they are aware of the current issues in the world. Still, all of us should act on this to make this work.
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I think I am one of the unluckiest gambler/bettor out here, today is one of my worst days again and I think I should quit betting.
I went all in on Argentina thinking their match against Saudi Arabia would be an easy win for them, and the fact that the odds were so far away against Saudi Arabia winning while it was in huge favor of Argentina caused me to be so sure that Argentina was going to win the match, and then, I went all in, hoping to make some big wins just like yesterday, but now, everything is gone, in just a twinkle of an eye...
Argentina is a big disappointment, It's still hard to believe, I quit betting until I am able to forget this experience entirely.
Unfortunately, this is a reality and it is worth noting that our vision and desires do not always coincide with reality. Moreover, when you bet on sports, you also play, and either the strongest wins the game or by chance, which makes the game even more uncertain and exciting. In general, when betting on sports, you also risk losing and this should also be taken into account. All aspects of gambling have real risks, and you have a low chance of winning, but if you win, it's good. I know we do gamble for fun and money, but let's keep in mind that gambling was made to lose you, and only casino owners win, but if you are lucky, it is possible to win. We gamblers should always keep in mind our limits in betting so that we wouldn't lose much. Also, once we place our bet, the possibility of winning it back is too low so just bet what we can afford to lose. |
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Don't ever get carried away with current money which we think is a lot, there have been many stories when people had a lot of money and then went bankrupt, the thing they do is waste money in vain never thinking about investing so when the money runs out they regret it and this is already late.
Some of them got bankrupt because they do wrong decision maybe on their investment and also with their spendings. If they could just think about spreading their wealth on good investment and hire a professionals to help them with their finances maybe they can save from getting bankrupt. People need to know that money is temporary and if they are not careful on what they do with it they could lose everything they had. There are only two ways that you will lose a significant amount of money: not tracking your spending and the second is you get scammed, or your investment gets lost because you don't do your research; it's your fault. Though hiring a professional to help you manage your money is good, it is still best to do it on your own or try to learn it first because hiring a professional is expensive. Also, you only rely on him, and you don't know at all what is he doing. It is best to know first before hiring a professional to support you. |
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Most people will prefer to be a business owner. I also will prefer to be a business owner. In my country here, majority are employee even though most love to be a business owner but some factor like Government policies has hinder so many in establishing a business and this make the rate of unemployment increases on daily basis.
Most will prefer to be business owners, and most will fail within the first year. The few percent that survive, will probably quit in the next few years when they realise how much work and stress it is compared to employment in a ok company. Out of that percentage, only few will succeed and be able to scale their business to earn serious money. Majority of people are simply not cut for it. As long as you have determination no matter how many times you fail if you want to put up your business then you will not be quitting since the fruit of business success is more brightest than working in a company. I know your point about being an employee that is good and not stressful as you've said, well it means to me that you are still not ready to get out of your comfort zone and not taking risks at all but staying with your comfort zone and not taking risk is you will not be getting your goal or if you plan to have a lot of money then you can't get it unless you take the risk. |
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Now my question is
~why can't we relate demo accounts to real accounts
~why do you think people still start making losses on real accounts after long time trading demo successfully
Its normal to have a different result since you are already dealing with the current market situation and yes its expected to have losses even if you already know the trading strategies your goal should not always making profit, your goal should be more effective and consistent because in trading there’s always a bad trade. Also on the demo account I don't think the situation corresponds to reality, demo account is just a place to learn so don't take it as a parameter, for sure when real trading then we will feel the difference A demo is still related to reality but not the money because it is just a practice also most of the others said that you don't feel anything while trading, unlike the real one where you feel all the stress and pressure which is true but still depends on the trade because there are a trader that doesn't want to risk their money first or has still no confidence so they will try it first and the other one is to feel it and also they can easily learn while using the real account but still it is on trader preference since my preference is trying to demo account before depositing money. |
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I was also one of these trying all the strategies (scalping, day trading, break out) and all of them have losses, since it is part of the trading journey you will loose but the most important is you know why you lose as that would strengthen your strategy and improve more. Whether what strategy you are going to do or try on you will need to understand why it is working or not working on you before proceeding to another strategy but again first of all you need to learn trading first do the fundamentals
Yes, fundamentals or the basics. And then you'll figure it out whether it is for you and if you want to continue or not. Because that's where many newbies are lacking of for their strategy and start. They just keep on hitting it and then losing money because they don't think that even if the basics, they have to be equipped with it. Use a demo account also at first when you are still trying to trade so that you can prevent losing your money others don't want to have a demo account as they said that it is different in actual trading and the stress brought to you is not the same that is why they trade immediately to a real account. We have our preferences which others might work and others are not, just follow what works for you as we do have our trading style, don't copy others as it has a possibility that it isn't working for you. |
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- I was just influenced to try crypto gambling because my friend who is here on the forum always tells me that every week he wins crypto gambling once in a while, but when he hits it is around 50$-500 They say it's just luck that the day and time are not the same.
So it's like I was jealous of him and he taught me some techniques but when I was playing I didn't win as much as he did. I always lose in the end.
Is there a referral system in the casino that you are playing? You've signed up under him? I think he just persuades you to register and play because he gets a commission when you register and deposit money. Though if it is real that he is winning every week then he is very lucky since he is winning I am not sure what kind of strategy he is talking to you but it is working on him the possibilities are he did not disclose all info in the strategy or he is just lying at all. |
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This is a very simple lesson and yet many people simply refuse to learn it, the bear market is hard for everyone, only those which are incredibly skilled can obtain profits with it and constant profits is even harder than that, so I will suggest to everyone to lower their expectations during a bear market, if you can come out of the bear market with just a few losses which do not affect your capital too much you should be happy about it, as the rest of investors are probably in way worse shape than you.
The most common mistake in a bear market is that investors start buying coins too early, hoping that the price has reached a minimum. But after a slight correction, the price continues to decline, but there is no money for another purchase. This is also my mistake before buying to early and getting panic to sell it at a loss as it keeps declining. Knowledge is the key, before you buy a coin you should analyze it first and see where to buy also don't go all in, buy at multiple prices that you analyzed. But again we will keep committing mistakes but make sure that you will learn from them and you know the reason why it was a mistake so that you cant do it again the next time you buy |
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This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works. I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k. Haven't even heard about FTX until now lol. This shows how panicked I am  1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.I see no reason to sell my Bitcoin during this bear market; if I did, it would imply that I have no idea about bitcoin's overall future. People who are selling now are mostly new investors looking for quick money. When they see bitcoin falling, they panic and sell because they lack the patience to hold the Bitcoin for some time if the market recovers so that they can make a large profit. Most people who sell during a bear market are probably people who don't know the history of bitcoin movements and make them panic when they see the market going down and see their portfolio value decreasing so they decide to sell immediately even though they realize that they will experience a loss after selling it, actually bitcoin is a cryptocurrency that is proven to be able to provide greater returns, especially for long-term holders, but so far not everyone has realized this when investing with bitcoin. That is why before holding a bitcoin we must read and see the history of bitcoin what its up and down since as you've said a lot of newbies tend to panic sell. Mostly those new holders are only looking for profit and the good sides of it not the risk and downside that is why they don't have a plan when the price drops or they lose profit. When we are holding a bitcoin we should have plans on both sides so that we can cut our losses or lets just stay away from our devices and forgot the price so that we will be tempted to sell it. |
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I started investing in Bitcoin after the June crash this year and have been buying weekly since.
I now hold 0.07 Bitcoin which I know isn't much but hopefully by the peak of the next bull run I will be holding a lot more.
I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.
I think we will have one more crash personally to $12,000 before we start steadily going up again.
Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?
Let's keep using DCA and my prediction is we won't be able to exceed $18k by the end of this year, and 2023 will be another bad year for bitcoin and the market. My lowest target this time will also be $12k-10k and I am trying to go to work, save more and wait for more market crash in 2023 to earn as much bitcoin as I can. We don't have many opportunities, so take advantage of them. why are you hoping for the bad next year? it isnt good. You should always think of a good price. I dont know where you came from but i would suggest that you need to think positive for the future price we all know that the price of the bitcoin every year is increasing . This current market crash is the the opportunity to buy a coin and hold it for a longer period of time |
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It is not easy to make a country's economy grow positive, the number of dependences with other countries makes the global economy now complicated, when the problem of supplying raw materials or supply of finished goods will become a chain of problems that make many people also affected.
For now, the government really needs to have many ways because the global economic conditions are not doing well. there are still many countries that still depend on the supply of raw materials from other countries, of course that makes this problem not easy to solve, but what is clear is that we must still hope for the best for the future All of the countries are really getting raw materials to other countries but it is easy now than in previous years due to the pandemic. Now the restrictions are very easy and they can buy raw materials from others. Though this is not the only way to grow the economy of the country, we need more visitors and investors who are making business in the country which leads to more employment. The more the employment the more the economy is booming |
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The concern for trading mostly are for the beginners.
They're the most risk takers and they think that it's easy to take trades like scalping or any other types of trading. The methods are close to each other but the risk are different based on how they look at it.
Even if they don't know the right approach of it, they'll still go because they've seen someone to be perfectly doing it and they think that it can be just copied anyway.
Just let them be, they would eventually learn up things on the time when they do face up the reality.Most of the time it would really be that hard to make them convinced that they shouldnt really be doing this and doing that.They do really have that kind of confidence deep inside and thinking that they could easily do on what other people been doing and if they do see some good profits then they are easily get hooked up and dive in right away without having any consideration on what are the risk that they would be facing along the way. Scalping is one of the hardest way on dealing up with the price considering on how volatile this market is then this isnt something that you could handle specially if you do lack up some skills and knowledge. Many of them don't even want to hear and follow suggestions so that's what it will be, letting them what it would be. They can try scalping, day trading or any of what they prefer and still make much losses because it's anticipated for a newbie that they'll never do good when they're still new. Experience will teach them and will make them decide if they want to continue or not because it's not for everybody's preference to get into trading whether it's just all about scalping. I was also one of these trying all the strategies (scalping, day trading, break out) and all of them have losses, since it is part of the trading journey you will loose but the most important is you know why you lose as that would strengthen your strategy and improve more. Whether what strategy you are going to do or try on you will need to understand why it is working or not working on you before proceeding to another strategy but again first of all you need to learn trading first do the fundamentals |
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The main desire of entrepreneurs is to create prestige for their company in order to increase sales. Naturally, entrepreneurs do not pass by the sphere of cryptocurrencies, because it is important for the company to introduce something new. Any news that the company has implemented payments in cryptocurrencies can create a very good advertisement for the company. But why can't entrepreneurs introduce digital currency into their business in any way? It seems to me there are reasons on both sides! the first reason is inconvenience on the part of buyers, not everyone wants to mess with a cryptocurrency wallet when it's easier to pay with a bank card or cash! And the second reason is from entrepreneurs. Not every entrepreneur understands how to properly organize payment in cryptocurrencies.
Another reason is that cryptocurrencies have not yet been widely accepted by all countries. There may be a lot of businesses that are very interested and willing to use crypto in their business, but unfortunately, if they live in a country where crypto is still banned, they won't be able to use it. In addition to legitimacy, with the price volatility of cryptocurrencies also making many people afraid to use them, certainly no one wants to lose a few % of their value after only a few hours of receiving payment. There are only a fewer countries that banned it and it is the same with PayPal which is widely used by people around the world. It doesn't mean that if it is not widely used we will not implement it, it is the decision of the business owners, I have seen a lot of threads here that are business owners accepting bitcoin as payment for their goods and items, it is for awareness of the people. But again it is only one of their payment method not ONLY the payment method as there are people who want to pay by a card or in cash. |
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Many investment choices that we adjust to income, but never forget and make home investment as the first priority, we will get married and have children, and of course it will be a big problem when we have children but still live with parents or in rental homes, Home investment is a very good asset and will continue to be valuable.
But when we are talking about its value let's say we will sell it, I am sure the value will depreciate over the years but if we talk about living on it then it's valueless which is very important to us and family. What you mean in this reply is that invest yourself first before trying to invest in others for example learn or gain knowledge first before jumping to conclusion to invest in something since it is risky and you can lose money on it |
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