Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?
If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?
The best strategy to take profits is to buy when the price is down by following the Dollar Cost Average strategy and sell little when the uptrend is over. If we look at larger timeframes, we can sometimes easily spot the reversal of a trend. Selling during these reversals and buying back when the price is low is the real deal. This is how you should take profits but many fail to spot the reversal and follow the same strategy in the long run. Also, it has been beneficial to just hold the coins for the long term for many people including me. There are some coins that I hold for the long term and some coins that I actively trade. |
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I think the current trend is favoring both bitcoin and the altcoins. Bitcoin just hit an ATH of $67k and dropped to $60k.
The altcoins have also gained a little traction when bitcoin started to drop and I can see that many altcoins have pumped and settled on to a specific price.
The same cycle might repeat again now. So may be this season is not only for bitcoin but altcoins as well.
We have seen many times that bitcoin and altcoins grow together and this might be one similar trend.
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I am really surprised to see that Mike Tyson accepted to fight Logan Paul, The Paul brothers are smart enough to come up with exhibition fights that could attract more eyes and this is no exception. It is not a surprise that majority here are backing Mike Tyson to win the fight and only one here is thinking that Logan Paul has a chance to win the fight  . That's exactly what I have in my mind. What was Mike Tyson even thinking before he accepted to fight Logan Paul ? Logan Paul is just another nut case who want to gain popularity and doesn't actually knows to have a proper boxing fight. Mike Tyson though is a professional but I find it weird that he even considered to fight Logan Paul. Seems like Mike Tyson is just going in for the money these days. |
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I'm not sure if this had been asked before. This is just an example of some odds that I saw recently Fighter A (1.30) vs Fighter B (3.65). With this obviously, Fighter A is the people's champ and Fighter B is the underdog.
Regardless of who is bigger and undefeated record, let's say you have no idea who these fighters are because the names can't even be read like Ulshrkubyki vs Ykwehgyfvbh. If you only have $10 left in your sports betting account, would you go for the champ which you can only earn $3, or go for the underdog which if he got lucky can triple your money?
This depends on two factors for me. 1. I would check the history of those fighters and see if the fighter B has a chance or not. If he does not have any chance then I would put my money on fighter A. But if the fighter B does have some chances of winning then I would put money of fighter B. 2. If the left over money i.e., $10 is something that I can afford to lose then I would risk it on the fighter B and otherwise fighter A. |
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I believe this is something they may consider giving higher rewards chances to fun token holders (2500+), but then again they’re already giving them more free spins so it’s a 50 - 50 of chance of not happening too.
Also FUN token price will grow over a period of time, but many people are yet not ready to stay invested for the long term, hence this may harm it’s growth in the short term due to bulk selling.
Hopefully we see some jump in the FUN token price with the trading contest on Binance as the price keeps hovering around 35 -36 satoshis. Bought mine (a couple of times) at various prices, but I have an average buying price of around 60 satoshis, so still a long way to go. I was fortunate enough to buy the FUN token at a low price. I remember FUN was around 60 - 70 satoshis when I first thought to buy it. But I kept waiting and recently bought 2500 tokens at the price of 40 satoshis. I have locked those tokens on freebitco.in Although the price is down now I think it will be a worthy investment to hold the FUN tokens in the long term. |
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There is nothing "pioneering" about buying a shit-memecoin on Binance's private chain. It is just gambling your money on things that have no utility. The most "utility" they'll have is staking or some other sort of tail-eating property. That is not to discard the fact that a lot of Indian devs and startups have been an integral part of the crypto-industry right from the beginning. If it wasn't for that stupid ban by RBI oldies, we could have had a lot more interest and a lot more unicorns by now. Like Pakhi pointed out, the prevalence of cheap internet and smartphones has a lot to do with this. Another huge set of new entrants in the past few months have been the stock investors. Reputed websites like ET and Moneycontrol now have articles about trading with crypto, buying it safely etc. The usage till now had been mostly limited to the hustler sorts from the hinterlands who are generally only looking for ways to earn. The real investors will be coming if crypto gets popularized like Stocks. Smartphones and cheap internet has indeed helped many Indians to get the knowledge that made many of them ahead of the game. I was lucky to enough to get a phone when I was 15 years of age. It was not a smartphone but a barphone with 2g internet connectivity. That was the time when my life really started to change because I started to learn many things from the phone. From a noob who didn't know how to use a phone properly I started my journey to learn to play games and eventually as I grew I landed up in the crypto community. I believe there would be many people like me who started from scratch. One of the leading example Rajarshi Maitra who started learning bitcoin development right from the scratch and is now the lead developer from India for the Bitcoin Core. Not only moneycontrol but recently I have noticed that many apps, social media platforms, Tv etc.. have started advertising crypto platforms. This has made many people to join the crypto community. This is only the beginning of an everlasting Indian crypto community. |
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some time ago I bought an altcoin which has a low marketcap and trading volume. I bought after analyzing using technical indicators. After a while I realized something was wrong. it should be if based on my analysis the coin I bought has entered an oversold period and the price should have started to reverse. but in fact it never happened. the price may go up, but it doesn't last long and it goes back down. then I also bought another altcoin which is almost the same. and again, I also experienced the same thing even though in the end I got profit thanks to long-term hold.
Then I started thinking and wondering, why is it difficult to apply technical analysis to coins with low market caps. unlike bitcoin and other major altcoins whose movements are still predictable. Altcoins with low market caps are difficult and even impossible to predict. whether this is all related to manipulation or there are other reasons that make it difficult to predict.
It's quite simple. Altcoins with low marketcap are difficult to predict because it requires a low volume to manipulate it. Also the price swings that you encountered may also be because of the recent hike in bitcoin's price. Many altcoins which were dropping in price suddenly increased in price when paired with USDT because the price of bitcoin increased a lot recently. |
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Reflection, Burn and swap is very common in new meme coins nowadays, almost all new tokens are meme coin judging from new listed coins on coinmarketcap, I'm just trying to warn newbies who believed that they can still make insane profits from meme coins, I'm not saying it's impossible I'm just saying we have many fake meme coins out there now, they are just copying the likes of shiba inu and few others
Meme coins are meant to be taken as a joke but people are actually trying to make a quick buck by trading these meme coins. Any person who has asked me about trading any of the meme coin has only got one advice from me and this is not to waste your time and money buying these meme coins. The thing is that most of the people thinking to invest in these meme coins are just buying them because of the rapid growth in their prices. But what they don't understand is that the increase in price won't be sustained for very long and the price will drop down soon. |
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I have been following FTM coin since it was around $1.2 but I was trading that coin and making profits.
If I would have hold the coins and not sold then I would have made bigger profits. But I would not complaint since I made decent profits from it.
Currently as per my TA the coin will face a correction soon and if that happens then it will be a very good time to get in and hold for a long time.
I think the coin definitely has some nice potential and might cross $10 by next year.
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There's a saying that you should not put all your eggs in one basket, it's also true on gambling, you should not go for one gambling site only the ideal are 2 to 5 sites it depends if you are a high roller, so you can compare each gambling site you're playing you lose trust playing in a casino because it seems you are only playing on one casino, you should add more, and members here have already given you a long list to try so good luck on finding the right one.
That's a good strategy for a high roller since he generally uses large amount for placing the bets. Wherever large amount of money is involved it is best to diversify the amount in every possible way. In terms of gambling, the only option to diversify is to deposit the amount on multiple gambling sites and then place the bets. In the recent times there are many gambling sites that have gained the trust of gamblers. |
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I think the gambler's fallacy happens to many gamblers, especially new gamblers who do not have much experience in gambling and playing gambling is their first experience.
Some new gamblers do not realize making a huge loss in a row because they can feel curious about the games and have a big question about why they can not win.
But then, if they can be wise in gambling, they will see that what they think will not always happen because playing gambling needs to have luck and not all time they will get their luck come.
A gambler's fallacy can literally happen to anybody who is gambling whether it be a newbie or a professional gambler. Newbies are more prone to it and they realize their mistakes when they incur losses that they cannot afford. No matter how hard a gambler tries to win the gamblers fallacy will eventually happen to him. The only way to come out of it is to have a control on yourself when you gamble. Only then we can stay calm and limit our losses. What do you think ? |
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I am confused whether is this a list of online gambling casinos or a list of scam casinos. I can find most of the casinos in this list.
I was really shocked to see gambling sites such as BC.GAME and Duelbits on the scam gambling sites list.
It's tough to believe that this is a genuine list because I haven't heard of any scams from both of these reputed sites.
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Do you spend your Bitcoins or just hodl?
If you spend
What for and do you miss something that cannot be bought for Bitcoin yet?
If you hodl
For how long and why don't you spend?
Do you have exit strategy or you will spend it after you can buy your desired thing?
I could say that I fall in both the category. I hold my bitcoins until and unless I 'need' to spend it and there's no other way around. Most of the times this happens only when I am out of my fiat balance and I need to buy something. Whenever I spend my BTC it is either for buying altcoins with a good opportunity or to exchange it to fiat for personal use. My only exit strategy is to keep holding bitcoin until I can whether it be for 5 years or 15 years or whatever. |
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Hello everyone, I am writing this post, because yesterday, was the first time I ever used a Bitcoin ATM machine. I will be talking about my experience in this post. So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully. I was very surprised because I didn't think that the proccess would be that fast. To be honest, I will definitly buy from Bitcoin ATM's in the future as I clearly see this as the safest and most anonymous way to buy Bitcoin. Regards, excro  Good to see that your first experience with a bitcoin ATM was smooth. You forgot to mention a few things though. How much fees did you incur when the transaction occurred ? Generally bitcoin transactions in an ATM has larger fees than from non-custodial wallets. Did the ATM had any CCTV cameras ? If yes then you were not really anonymous since you provided your phone number and the camera footage with the timing can identify your identity. What was the exchange rate ? Sometimes the exchange rate has some surcharge which makes it expensive for us to make a transaction in a bitcoin ATM. It would benefit more people if you could provide these details. |
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I don't really use FTX but I am planning to once the bugs/issues are resolved. For now I don't have many apps on my cellphone as I am more of a laptop person.
In my cellphone though, I have binance to place the trade orders and I have trading view for charts and analysis.
There are a few wallets to hold crypto as well. The rest of things I manage to see on my web browser.
I only use the cellphone I am out or unable to access my laptop and otherwise I just access all the sites on my laptop which is way comfortable than on a cellphone.
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How fast your favorite crypto casino are ? I have seen 2-3 rolls per second (2rolls/sec) in Dice in most casinos. I have used in turbo/fast mode. Do you know any casino, which is even faster ?  I have place dice games many times on BC.GAME and I have even tried the auto mode so that it could place the bets by itself. The fastest dice roll would have been 2-3 times in a second but nothing more than that. I don't think there will be any gambling sites which could roll dice more than 3 times in a second. |
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Yeah, although the odds have dropped a bit, I still think it's the best range.
The odds have dropped significantly from 7x to 5x and I have observed that the odds drop further when the time for prediction is over. So may be we can see the odds of the range $65k - $70k drop to 4x as well. Now I am considering whether to place my bets of BTC prediciton or ETH prediction since both have some nice ranges to put our bets on. |
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Now that is something we don't get to see every other day in crypto market. Even I was quite surprised when I saw this news on Cointelegraph.
I immediately went to check Binance US and found that it is indeed true. But there are some points which we need to be aware of.
1. The Flash Crash happened only Binance US exchange. All other exchanges in binance global was not impacted in this flash crash.
2. The flash crash happened on a 1 minute candle which means withing 1 minute all the orders were executed and then the price was recovered.
3. The whale must have put a market order so that all orders were executed instantly.
4. There were buyers who had orders placed at such low price which is why the price went so low.
Those were some lucky bastards who got to buy BTC at such low price and get instant 6x profits.
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Can we please stop caring about what Elon Musks says? It really makes Bitcoin market look immature, when its price can be some easily influenced by a single celebrity. I'm sure that if Elon Musk tweeted "gold will reach $100,000" gold wouldn't move by even 1% The number 420 is now commonly associated with Tesla
By whom? I'm pretty sure most people in the world don't read Elon Musk's tweet or pay attention to his statements. Exactly ! Just a few months ago people were weeping on how the Elon Musk manipulated and dumped the bitcoin prices by his tweets. Now when bitcoin has fully recovered and Elon is making bullish tweets people are starting to get attracted towards it again. Those numbers 69 and 420 and only common because of the position of (well uhmm) and stoners day. Lol  It's high time people should stop caring about these big influencers. |
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The target of $100k by December also seems achievable to me.
It's a bit possible in december bitcoin can reach 100k because we haven't passed Nov and Dec there is still time and bitcoin is still in a positive trend. All predictions that I can recall give at least that price for this cycle, and some quite a bit more. Now the price has stalled, but let's remember that the price can turn parabolic in a short time. Let's look at the 2017 chart, for example, when as of hourly came the steepest rise. Everything points to the fact that this end of the year is going to be similar to what happened in previous cycles. It has a lot of similarities to the 2013 and that's where most of the predictions are lining their graph on. So if the pattern repeat itself, most likely the price could really be in the $130,000-$180,000 conservative estimates. Let's see if that is the price that we are looking for in December then we need to double what we have right now. Trillions of money need to pour in the market in the next two months. Currently the market is very volatile and it's hard to say how long we can go by the end of the year. With the current volatility we can't even predict the approximate price for the end of this month. Even if the previous cycles repeat, we will be able to spot it out this time since most of the people are expecting this cycle. May be we can secure our profits just when the prices start to fall. But again, nothing can be predicted accurately. |
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