Is this real or just a story?

Charles was foolish. How would he trust friend up to that extent? That is foolishness. We should not handle life with foolishness, bet separately.

Kelvin is now rich. If Charles is not rich, Kelvin may win anything brought up by Charles, except if Charles is rich and able to file a law suit with Kelvin. But even where is the evidence that they added money together to bet.

I have gone more into scalping, day and swing trading. I only read little about arbitrage trading. What I think you need more in arbitrage trading is high amount of money to take advantage of same coin (like BTC/USDT) pairs on two or more exchanges and converting it to a stable coin.

The only bots that can be helpful for you are the ones that list you the present price of the coin on many exchanges for you to take advantage of the little price difference which has to be very fast. Any other bot is a scam. Let see what people that are into arbitrage trade are going to talk about this.

All the trades are recorded on the exchange, you can even check your PnL in day, week, month or year and check the stat.

Do you have to write down that you leverage 10x and your trading asset got liquidated very fast. Do you have to write down that you start a leverage with 5x and use martin gale strategy to leverage it to 50x to bring entry price closer to mark price, but in the process, brought the liquidation price closer and the trade is in opposite direction and trading asset got liquidated. Do you have to write down that you gambled as a newbie trader and not use indicators but result to many losses? All these are not necessary. Without writing them down, your experience would help if you discipline yourself.

Actually some people are not actually trading but just want to post, but you do not sound like one of them, I can see that you are one of the people that trade and practically know what is happening. Let me ask you this question and I will appreciate an honest answer. Are you writing them down?

As for me, I don't and my experience grows in all mistakes I made in the past.

What plan? Is it beyond having specific leverage like not going beyond 2x, using just certain amount of money, not to let emotion to take over. Just like I have said, I see no reason to have a book for trading plan. The book I have then were the ones I read online when I was learning how to trade, I read and I understood it and see no reason to have a book for trading plan. I trade just BTC/USDT which makes the pair for me to be easy. Even if I want to have other pairs, I can save them as favourite on the exchange that I am using. All my last mistakes were known and I do not need any book to correct them. But what I just noticed is that the last mistake can be done again after emotions sets in just like I have said the other time, but you do not need a trading book to correct that, only what is necessary is discipline.

Let us be practical and not let us just be having the theoretical discussion. If you are a scalper, what would diary do? Also for day traders? Analyses made are just for that day or few minutes. Going to holders, they may consider diary, but yet the analyses can be drawn again if you are expert enough, but you may want to keep record of some long term analyses. If I am a scalper or swing trader, what is the function of a diary that is no longer useful for me as I make analyses based on minutes, hours and within a day?

Let us take it back to the discussion. Using diary to correct past mistakes. I do not see it necessary and can make trading to be more complicated. Mistakes are corrected in a way you know it already and you discipline yourself for corrections.

It is because they are newbies, or maybe some people just want to gamble. Any trader that wants high return of equity should be seen as a gambler. Even going 10x is higher.

I have naturally known this, I do not know it is called martin gale strategy until now. Just like trading could be a failure for new traders, also the strategy can be a failure for those that did not appropriately discipline themselves while using it. I can see this strategy useful in cases like having plan to trade with certain amount of money, but dividing it and using just lower amount to trade. Example is you having $1000 to trade, but you always trade with 0.5x of it which is $500, if the trade fail, you can then increase it to $1000 to bring the entry price closer whenever indicators told you to do so. But if done wrongly, it would result to maximum losses after also bringing the liquidation price closer.

Why need an online casino that has a land based casino too? One thing about land based casinos is that they may operate in one country but others countries can not access them. On of the advantages of online crypto casinos is that you can access them from many other countries, which is better.

As for your question, I do not think there is any yet.

The more you go, the better you are in trading. Mistakes can be known but emotion can still set in. If no discipline, there is still possibility of continuous failure. There are some certain rules that have to be followed to have a successfully profitable trades. It is not even only about looking back, as you trade, you will have the experience, but are you really to make corrections as emotions are setting in again.


I do not see any reason for having a trading diary. As for me it is highly not necessary. The mistakes in trading can not be beyond not having good strategies and also using high leverage and not using indicators appropriately. As trading goes on, you will know all these without having a dairy for it.

Also it is a good advice for traders to use indicators and have excellent risk management plan.

Many traders believe in stop loss, but I do not use that. The biggest failure of traders are the high leverages they are using to trade. A trader using high leverage to trade would be better to use stop loss.

How about using low leverage? It is good. Assuming you have $1000 to use to trade, why can't start with $333 which is 0.3x leverage to open a position, if indicators failed after some times, you can then increase it to 1x leverage to bring the entry price closer to the mark price. While I can no more go more than 2x.

Traders have different strategies, but I do not believe more in stop loss than to just start small below 1x leverage and not increase the leverage above 2x.

To talk about countries that gambling is legalized or not would be more than this in the opening post, there should also be countries that partially ban gambling in a way some gambling types are legal while some are banned. There are some countries online gambling could be banned while offline is not banned. There are countries sport betting is not banned but casinos are not accepted. Some countries just ban some types but legalized some.

I still also think that more countries banned gambling, especially those Muslim countries in Asia, but I am not perfectly certain about this.

If you want to know crypto casinos that have good services, excellent reputation and trustworthiness, you can just visit the gambling board on this forum where you will see such gambling sites. Check the trustworthiness of each casino by checking their trust page.

What that contributes more to online casino to be more attractive to gamblers is the accessibility. Online casinos are very easy to access, you can access it just through your mobile phone on your bed or at your home or anywhere at anytime.

About the increase chance of winning, if the one for online casino is 94% and that of land based casino is 70% to 90%, that is close and I do not think people will think up to that extent and should not be considered as one of the reasons in my opinion.

Online casino can require for KYC, but still private than land based casinos. Some people just do not like people to know much about them is one of the reasons some people prefer online casinos with an added advantage of easy accessibility.

What I know is that it is good to know if your state in US accept gambling too. Knowing also that sport betting in US is not allowed (I am not from US but I have read it before). Some US citizens that bet offshore too should be careful because their money is not protected by any regulation, the gambling site can take away their money.


Lists of some gambling sites that US citizens can use:

Top sports betting sites in 2022
Which betting Site is legal in usa?

If you want people to be following your prediction, you can do that. But can you be perfect about this, I do not think so. There are days of losses and days of making profits and I will advice you not to do so

As for me, I do not think about gambling this way, I just gamble little and I do not have to let people know about my profits or losses. If you lose and play more for you to let people see that you will, what if the losses continur? It increyase the chance of you losing more.

Let us get further into the real discussion about profitable trading. Know that using 2x or higher but not more than 5x is still good for some professional traders, but making trading to be highly risky. On this thread, we ain't talking about any leverage above 1x, it should be like a debate between the 0.5x and 1x.

Exchanges like OKX offer trading using 0.5x, but this would work better if you have larger amount like over $1000 as your trading fund. But if you use exchanges like Binance or other trustworthy ones that has no option of 0.5x leverage, you can still go for 0.5x with 1x. Assuming you have $500 as your trading fund, all you need to do is to open a position with $250 (half of the money you are trading with) to make it 0.5x.

Those amount are still small, I have noticed the big traders, trading with big amount of money are using a very low leverage and if they are losing, they do not close position, they leave it and most often the market correct itself and they gain. Big traders are sucking the money of the small traders is the reality as the small traders use high leverages. But know that newbies that started big will go poor. So this applies to professional traders, not those that just start. For starters, use the amount of money you can afford to lose until you make 50 consecutive or more successful trades before you believe in yourself.

So traders just set 0.5x, if the market against them, they increase it and not further than 1x, to bring the entry price closer to the mark price. This is a good strategy. But some will just prefer to go for 1x and never go beyond, if trading goes wrong and indicators and analyses failed at the time, they leave the leverage and the position alone until the market favour them.

Among this two leverage, which one is perfect for you? Or you prefer to just go higher more than 1x? But I have noticed professional traders trade with big amount but with very low leverage.

People should not have the misconception that transferring your coins out of exchanges is expensive, it would take less than $1 to transfer most stable coin out of exchanges and it will take lower amount to transfer your stable coins from noncustodial wallet back to an exchange that you are using. If you calculate trading fee, most money traders are spending are on trading fee. If you think I am wrong, calculate the amount of money you used to open and close position daily and see how right I am.  But yes it is not convenient to be sending from wallet to exchange and back to wallet again daily.

This is a very good idea, I have also thought of it times without number. It may bring some inconvenience, but it is actually worth it. Even wouldn't be that inconvenience for leverage holders.

If I get you correctly, you meant instead of using derivative trading, to open a margin trading position using the bitcoin spot price is better? Any detailed explanation about margin trading over derivative trading in a position opened over long time period?

This is about opening a position for a long time using the perpetual trading pairs, it has nothing to do with weekly or monthly pairs.

It depends on if the position open before it closes favour you or not. Also know that this is about holding position for a long time using perpetual trading pair which makes your post like off topic to what we are discussing.

On Binance, you can trade USDT with Naira, but I do not see it paired with BTC. You can trade BTC with USDT and you can trade USDT with Naira, so I think that is solved.

You can also use Kuda.

Please can you include the link for the authenticity of this information. I will also like to read the news in full.

I like what the guy did, the gambling site would be in panic by now, but as they do not have option, maybe they can go bankrupt if all the money is paid, or maybe the gambling site is not having up to that amount of money, not to talk if paying him.

I will say yes. Only want can happen is to convince him to accept low amount, which is what the gambling site is doing.

That is life, nothing can stop this. Only what can help is for the person to be able to be in suit with the scammer (the gambling site).

Bitcoin is a currency, but it deserves speculation as people are investing into it. You want bitcoin as a currency, but assuming you bought bitcoin when it was $60000, now at $19000, will you be happy? Speculation is very important for people that are just buying bitcoin, because to see your money depreciating can be very annoying and can cause depression. I know that your bitcoin is going to increase in value again and increase more than the price you bought it, but it can take over 2, 3 or up to 4 years before that would happen. I have seen someone yin this forum that told me so before in a post, I did not feel it until I bought bitcoin and seeing the price decreasing, it was not easy.

Bitcoin derivative trading is used by traders, it is used to maximise profit or loss in a way buyers and sellers enter into a contract of an underlying asset which is bitcoin. Which means the traders are not actually trading the real bitcoin, but speculating on the future price of bitcoin using derivative contract. That is why the actual price of bitcoin is not the same but slightly different from the derivative price of bitcoin.

Compensation is not against any rules on bitcointalk, only begging is against one of the rules. Although, I just make my own contribution and not requesting for anything from anyone.