Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?
The best time to buy coin is during dip, because we can have a huge coin because it is still cheap and affordable, the problem is most of the newbie investors didn't want to buy when the price is cheap maybe because they are afraid that after they buy it will continue to fall or there are some reason, emotions, money as capital, etc., that is why many people always have a regret when it come to investing. It's true, when we want to buy, we have to wait for the right time or wait until the price drops to become very cheap. Because so far the price of Bitcoin is still not at its lowest price and the price shows a constant increase in price. When prices are high like now, it will be very dangerous to buy because it will cause us to get trapped at high prices. You're getting something wrong mate. There is no perfect time for investing be it in Bitcoin or any other asset, waiting for the drop is simply an illusion for me from your view, because you will still want to wait again. If you wanna invest you make plans, and follow up it a long term view not a short term view because I know that the reason you said get trapped in price. Bitcoin have move from one price range to the other so far, of which price kept correcting each range, waiting won't and is never a approach to investing. The price you are fantasizing to wait for, and you bought from can be corrected, yeah we can't control the market. What would you do, what if price just surge and never return to your level. In essence if we view Bitcoin as an asset, holding not just it but having the understanding that we have an Asset will drive us more. That why DCAing is good to solve issues like yours, whereby opportunity is given to buy at every market situation and counter trade others you view as running in losses. Our Bitcoin is intact, the value of dollar relative to it is what causes your misinterpretation,what if we begin to see Bitcoin value in our local currencies I think most of us will see how far the value is. Those who think have more time to think, just like those who wait for good things while doers have time to keep doing and achieving the result. |
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I don't see this to be useful, judging trust because someone holds Bitcoin is a turn off, and seeing holders as anti-government or against bank policies is a wrong view. Wether or not we like it we are still under the government rules, the originality of Bitcoin wasn't to go against bank policies or government but was also an alternative process for transactions. In essence we should all limit our extensions to government and bank policies.
Bitcoin was never and won't be Anti - Government.
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That's foolishness, any gambler who's borrowing to gamble all in the name of winning to double the money he has borrowed if fucking foolish. It's obvious that many people are into gamble to because they want to make money and it's very dangerous that they have to go beyond borrowing money all in the name of gambling. Greediness is like a sickness and it's obvious that more gamblers of nowadays are getting addicted to gamble because of their greediness.
It’s depends whether the borrower is borrowing money within the range he is capable to pay and also with the amount he can afford to lose. I do borrow sometimes for gambling but only with minimal amount which I can easily pay with my money in the bank anytime I want. The convenience of borrowing is you don’t need to move your own money or wait for your pay day by just paying an interest rate. I don’t suggest to gamble using borrowed money but doing it in proper moderation is not a sign of addiction or foolishness. There is a point to what you said, if you look at how much you borrow for gambling and how responsible you are with the loan problem, indeed we can rely on borrowed money by gambling as long as we are able to pay the loan money, but I think this method is not suitable for the long term, let alone used in people who are already dependent on gambling, because financial problems will not always be smooth. It's like putting a time bomb, it will be scary in the future if we can't cover the loan. It's better to gamble modestly, gamble with money you can afford to lose. yes I support you on this, but one thing is that we can't rely on borrowed money to gamble. Ok for ristance, what if along the line playing the bet and you lose all. What will be first thing that'll comes up to your mind? That it's a borrowed money and how are you gonna pay it back., then at that moment you start thinking and start pressuring yourself over it. So you can't rely on borrowed money to gamble cause you're making a big risk ever, what I'll first of all advise is that you shouldn't take gambling as an option but only take it an entertainment then you'll enjoy every bit your gambling lifestyle. And whenever you notice that you've started borrowing money to gamble please look around and ask yourself it's not proper. For whatever purpose gamblers claim they gamble for, it very very inappropriate to borrow or take loan just to gamble. Some of us are saying it because of addiction I agree totally but also I consider that as the highest level of stupidity any gambler can have. Instead of borrowing to start a business, project, investment deals or some other personal stuff, you use it for gambling mehnn I can't relate to it all it sickening. It a financial error, what you ain't sure of winning you borrow to play. If you have anyone involved in this we need help them probably psychiatric hospital can do more good. |
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You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling.
Yeah, it is so crazy that you can do that, but no one really cares, it is up to the government to check everything... Any problem gambler can continue gambling their money away It means that gambler is addicted and he will not be able to achieve anything from his salary for using all of it to gamble without looking back. It is good that a gambler shoukd have his gamble budget for his gambling activities in order for him not to run at great loss like using all his bankroll to gamble. Let me say I only use 1% to gamble because I earn little and I don't see gamble as something that I cannot do without, since I only entertain myself with it. I love sportbet and I place my bet on my favorite teams in which I also watch the match to enjoy the fun. True but you can do without it, if it gets on your finances with discipline and self control. This is just a matter of decision for anyone but the amount should be very low, I don't advice gambler gamble with there salary I always emphasize on the need of using disposable income. I don't see any value how someone will begin to allocate money for gambling instead of other projects though everyone is entitled to there opinion and decisions. Gamble and ensure you have another day to return understand this principle very well. When allocating money or using your disposable income don't lose all at once always use risk management, lol if am to use such word. |
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Betting and gambling do seem similar, but there's a small difference. Betting usually means wagering on sports, while gambling covers a wider range of activities like casino games, poker, and slots. It's about the specific activity you're doing.
When I read the headline, I was surprised, because indeed many people consider batting to be a kind of gambling, although I always believed that batting is a section of gambling. But in fact, these are the same classes in meaning: the gambler assumes some kind of result of a match or some kind of casino game, after which he puts his money. And as a result, he can either win or lose. So maybe these two classes are mistakenly separated? I will say that they have the same meaning but different words and they are used in different events. Gambling is the most common because that is what most people see staking on something with money as. But it is also good that we use these words in the right way to show that we are gamblers. I use to misuse them before but as time goes on with my gambling activities, I came to realize that gamble is used for casinos and betting is for sportbet. I love your point that as gamblers we use the right word that shows distinction among the crowd, will I say literate gamblers and not some dumb gamblers, lol. Gambling is used for casino games while betting are for sport event mainly live events like football and the likes. Were analysis and predictions work most of the time in betting but in gambling it really doesn't have any effect. |
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Everyone is entitled to there opinion, and can decide to do whatever with there money. We all know some tasks were met up before they got the rewards from the Airdrop but that doesn't mean they should invest it or not gamble with the money.
You need to focus on you. I can't suggest for them, if they choose to risk it and loss it there business, every action has corresponding reaction and consequences either good or bad.
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Alot of gamblers has won something more than this and today now, they have nothing to write on their past winning experience because they mismanaged the money and everything fade away like the grass cut away, if we make winning with our money while gambling, then we should plan effectively on the utilization of the money in other to have something to fall back on in the future, we shouldn't expect the same opportunity coming repeatedly, it may be once in a lifetime, some have taken time in making investment with their winning fund on gambling and that has been the reason for a positive change in their lives.
Once in a lifetime. That could be true. This is why we should take advantage of the perks of gambling whenever it is given to us either from chance or from the lucky strike that we receive which is very rare to occur. I had my share of the story too but I do not have photos of it because I still want my privacy intact. I didn't buy things for myself but I did for my wife and my kids. I think they all deserve it and I am happy that they are now enjoying what I bought for them from my recent wins in gambling. Twice I got lucky and the other amount that I won is still intact but outside the gambling site so I won't have the power to use it again to gamble. I think that's the safest route when we win, withdraw it, and be sure that you won't have any capability to bring it back there especially when we lose the amount we left on the gambling site. What a wonderful experience, caring and putting smile on the face of our family is worth more than every bit, this will give you more joy. This methods are applaudable instead of misusing the winning to gamble again which will make you regret of you loss it. Gamblers should incorporate this habit of doing something useful from every win because it won't always come forth. |
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Reporting to the Moderator and getting the post tagged is the best option. I don't see any need were people begin to use AI generated views to post were we are suppose to generate ideas ourselves and share information.
I believe this will be look into because many are indulging in it, not only should we face spammers but also members involved in this act of plagiarism and fake post.
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The long term view, which we can't really tell if some can go with, or just get overwhelmed with the profits and leave the market forgetting to re-invest and still keep track of building a solid portfolio. DCAing doesn't require any form of expertise, it just revolves around what you can afford and consistently invest in Bitcoin, that won't exhaust you and you can do without in matters of your finances.
I don't think anyone will be overwhelmed if that person has made a profit through his own investment using any method, especially if what he invested was Bitcoin. Because in terms of investment, it is necessary to reduce the level of consistency so that every investor can be more willing to buy in any condition without worrying about anything if the goal itself is for the long term. I am quite sure that currently there are many investors who like Bitcoin because they have seen evidence that Bitcoin is a very good investment asset so it should not be sold carelessly in unfavorable conditions when we already have it. But there are also those who do this and maybe they don't realize that Bitcoin is the best at the moment. We make long term investment in Bitcoin because when we look at the history of Bitcoin it has been continuously increasing from its previous history which makes every investor eager to invest in it . And I think Bitcoin will become the number one investment in the next few years because Bitcoin ETFs are being approved and invested in every country , so big investors went to invest in it and are starting to invest .And if we see that Bitcoin is the best both short term and long term , if wo do short term investment with a good strategy we can make a good profit. If one were to judge from bitcoin past performance and also considering the fact that its still quite an early asset that would give everyone a hint where bitcoin is going, bitcoin could someday beat many other traditional asset and become the best in the top, but either way its good we don't get in too greedy and also understand that it might take years before bitcoin gets to that amount that we all have in our mind and what is most important now is to buy bitcoin and keep buying bitcoin and that's the only way to actually benefit off bitcoin as an asset. Yeah, we just need to keep accumulating as we can and shift our minds from expecting huge price and focus on what is necessary which is accumulating and building a strong solid Bitcoin portfolio overtime. Any other thing is distraction, we are not getting too optimistic both we just need to leave some things for the maket to decide and extract the oil from Bitcoin because that the sole reason we indulge in it firstly. |
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......If you ask some investor, they will tell you that there is a possibility for Bitcoin to come to zero which i believe that is impossible. Instead, we might see Bitcoin to reach 1 million and above and through that way many will not be able to afford it anymore only the wealthy will be able to buy Bitcoin.
There is always going to be some possibility that bitcoin goes down instead of up and also that it might go to zero, so we should not consider those kinds of going to zero scenarios to be completely outside of the range of possibilities. Regarding your second point about bitcoin affordability and availability to poor people. I surely hope that bitcoin is always available to everyone and anyone, including poor people, and yeah sure, it is likely that the longer that bitcoin exists, the fewer bitcoin you will be able to buy with the same quantity of dollars.. so that does not mean bitcoin is not available, but instead that fewer satoshis can be bought with the same amount as could be bought earlier.. so even now, as I type this post, we can buy in the ballpark of 1,426 satoshis for a dollar, and someday in the potentially near future we might ONLY be able to buy a few satoshis for a dollar.. so yeah, the amount of satoshis that we get for the dollar is likely going to continue to go down, so if we have already stacked millions or even 100s of millions of satoshis and we are able to continue to stack them and perhaps not lose them then we are likely going to be advantaged over the folks who are going to be brand new to bitcoin in the coming years, whether that is 4-10 years or longer, and whether they have a lot of money to get started or if they stack over the years, there can be differences in the situations including likely advantages of starting out in the stacking and maintaining of bitcoin journey earlier rather than later. You're making sense. One thing I understand from your view is just "starting out". It doesn't count on the class because surely the value will keep increasing whereas the asset keep decreasing so the only way is to begin accumulating and stacking little by little within your means, just like we can't compare those who bought by 2013 to us who are just starting, there is a big gap same thing applied to those who bought and held gold from 2015. I do lay emphasis on "over expectancy" from Bitcoin, this is the word that I guess is operating on most person why they become afraid or have greed. |
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Bitcoin Exchange Traded Products have gotten approval to trade on the London Stock Exchange. All the small DIPs that make investors feel anxious because "crabby market", are actually small opportunities to accumulate more Bitcoins. Wait for DIPs or DCA, the investment decisions that you do today will establish your portfolio during the next bullish surge. Bitcoin may not have the best performance cycle per cycle, but it's definitely one of the handful of blockchains that will continue chugging along decade per decade.
As it should be. Every dip, dump, pump is a new opportunity presented to us to accumulate and make more effort to build a solid Bitcoin portfolio. The truth is that people are getting pulled because they over-expect much from Bitcoin. Some just dream on how Bitcoin would have just keep pumping,lol though many don't understand anything about market dynamics. Accumulate, hold with a long term view of the market and sell off when necessary ensuring a reinvestment and nothing stops your accumulation process with a strategic plan. Bitcoin is an asset not just a mere coin. You can start with little amount put to risk after settling out your funds and ensure you can meet up without breakdown of which DCAing is one of the best approach which already have been emphasized on in this thread. |
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In the midst of the war between Russia and Ukraine, can we see Bitcoin at the top? Or Bitcoin will not be able to rise from its position as long as the war lasts, what do you think?
war of a country cannot make a bitcoin price to reduce in value it can only make a Bitcoin to not well accepted in that particular country or countries because other countries make use of Bitcoin also embrace Bitcoin so I know very well that bitcoin is something that used to get more influence since it has been introduced since 2009 What do you think when the Attack from Iran landed on Israel, the market dumps because many of the economy activities were affect and investors are withdrawing their investment from digital currency till they have the feelings that such will not leave a delicable dent on the crypto asset investment before they now continue, same happens in the case of Russia and Ukraine as long as the demand and supply will be affected, then bitcoin price will also have it own share of being affected up or down. We understand that every financial market get affected with strong world news but I doubt investors will fret in terms of safety of there asset in Bitcoin. I believe only the impatient investors and newbie that consider war as a threat, most investors also channel there resources to buy gold because gold always skyrocket during war. Though, let see how Bitcoin gonna react in the future to events yet to unfold. Bitcoin is the only safe zone. |
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~snip~
I disagree with you that rich people don't gamble or are you saying that gambling is for only poor people. If it is so how do casino make their money. The poor has nothing to offer the casino with their little amount, it is the rich and high rollers that every casino is wishing to have as their customers.
Drake is a fucking wealthy guy and he gambles in Stake, a lot of celebrities have been known of their gambling habit due to their addiction and debts that they piled up due to gambling addiction. I have seen a lot of rich guys that have lost a whoopy amount of money that is like all their life saying. Recently, we read about a thread in which Mayweather was detained in Dubai due to his gambling debt. The rich gamble and stake more than the poor. What a gambler needs is self control because both the rich and poor are prune to addiction.
Gambling is for everyone of course. The casinos want the entire world to be gambling with them. But, usually, it is the poorer who would end up gambling more times than the rich people. You are mentioning famous people, who might not be rich in the long term. Many rich people stopped being rich because they were gambling too much. But also many rich people know that you cannot get rich gambling, so they don't Do you gamble Mate?, if you do then you become wealthy than you currently are now, will you still gamble?. If you clearly understand my question and answer with all sincerity, then I will know wether you will gamble same way you do now or more to qualify that the rich stop having fun or seek money in gambling. Another day to watch points without proof that only the poor gamble more than the Rich, alright let me agree with you for a second,can we compare the amount staked, NO. So who pays more to the casinos?. It laughable, all are equal in the casino both poor and the rich contributes. If the rich are satisfied then let them stay away from the casino. Let stop this comparison, both parties are open to same risk. Self discipline and moderation everything else comes in. |
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but if you see it as an investment, you will have a bad time.
Wether we believe it or not, we all gamble to win and make money. Even though who see it as entertainment still have bad time, I do ask if the entertainment is it not money going in for it? Is entertainment not addictive? I even consider those who see it as entertainment to get worn out in every situation because I can see a scenario were anyone gamble randomly without precision to win even in the light of entertainment some of us assume, so forming a differentiation between those who see it as entertainment and means for money isn't proper. We all just need to have self discipline and moderation which entails everything. |
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Our beliefs are what we live upon, i don't see gambling to be influenced by religious belief but it should be a judgement subjective to any individual. It matter of choice, of which each religion clearly want her participant to be guided and avoid any crisis from dubious habits of which gambling is one of them if not controlled and moderated.
Am not a fan of religion, I just believe everyone acknowledges God and live within his confined rules.
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Nice thread for others to learn from, firstly I don't believe that luck exist in gambling it a neutral platform were everyone operate based on the chances the game offers to either win or loss.
Casino gambling involves gambling in chance were uncertainties are inevitable and the outcome can't or isn't influenced by any external factor. While,
Sport betting involves staking an amount with odds present on a particular sport that mostly live whereby we win or loss based on our analysis and predictions the risk isn't like that of casinos though gambling itself involves risk.
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Borrowing money just to gamble is the dumbest action anyone will take. That's the sole reason I emphasize on having a limit and plan that allows you gamble till you have another return, you can't borrow in the midst of storm, how can you pay back?, mehn this can't be overstressed as it makes no sense at all in any form.
You borrow to gamble, laughable just for fun? How some will assume.
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Viewing from the Trading angle, i would say that guy was very greedy, mehnn you have done more than 10× your capital i.e (10RR), what stop you from taking profit. He was just a ship without compass, you risk everything which you weren't suppose to and gain but refused to take what are you....a fool (sorry to use it).
In trade, you will also understand when it goes against you and you close and re-position, he saw that the trade RR have dropped massively why not close with the $10k have done 3× of your money.
He learnt the hard way, there would be no next time for him to have wisdom and avoid greed.
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Security features and measures on our devices is what every Bitcoiner should take serious. The sole reason why updates is necessary is because of fixes of bugs as well as improvement on the software. Not just about our devices but also the sites and links we use daily, always ensure that any site you access, apps, or whatever should be protected and verified because most persons have been victim of scams and security breaks which never ends well.
Security first.
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This is good advise for those that have multiple source of income, they don't have to wait when they see opening to DCA when price drop at any point that they want from correction but this is not easy for some even when they know it is right time to buy but they can't afford to throw in more money that will be stocked for some time that may not be estimable. So to DCA, you really need to have lose money because you just have to be accumulating maybe without profit insight.
If we have done dca that month, and see a decline in the next few weeks, we should not force ourselves to buy again. Look again at your daily needs or sufficiency, if it is not sufficient, it would be better to do the DCA next month, we don't need to regret buying it again because we see the price has decreased. Indeed, sometimes dca makes us lose money if we buy at a higher price like now compared to last week. In my opinion, even though most people use this technique, dca makes us get the best average price in investing. Remember, if we want to get optimal benefits, we need a long time to get it. Yh, long term view in the market. I think DCAing approach isn't complicated. It gives us room to buy at every dip (market situation), every time we buy we are still in profit because it counter trade if am looking from your view of losses in DCA. One thing we should be aware is that we use Discretionary funds to invest which we also avoid exhaustion when investing. The goal should just be accumulating, and hold with a strategic plan driven with a target and also ensure re-investing this will shade us from unnecessary fret in the market. Am not being too optimistic but Bitcoin have proven itself, the market is volatile and price fluctuate but we just need understand the value of Bitcoin. |
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