Whenever someone mentions gambling, it's almost always connected to the fact that it can be addicting. Most people once exposed to the idea that you can win enormous amounts of money, they tend to push their luck and think that they can do the same. That's probably the reason why there's not much advertisement with regards to positive and life-changing results from gambling. There could be another factor, like how the government sees gambling. Some governments ban it that's why it's underground and illegal (more money that way, I think) and there are governments that allow it as long as they pay taxes.
To me there is a question of whether the media's negative coverage of gambling is intended to protect people who make bad gambling or investment decisions. Or is it intended to deprive people like me of opportunities to make money.
It could be a bit of both since it would be hard for the government to take care of people losing everything and turning themselves into criminals, so they protect them by not covering positive things about it and the deprivation that comes with gambling. Not giving opportunity for a life-changing strategy when it's taken away from people.
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Since it can make an enemy of ETH, it has that kind of potential. It might not be as explored and well-known as comparing it to ETH. It has more outstanding features comparing it. It's most likely to be the alternative with all the tension with regards to the gas fees. I'm not sure about it, but when ETH 2.0 will be released, I think it's another reason to stick to ETH or something.
It can be speculation only, but anything is possible. Many people talked about BTC not reaching $100 back in the day but look at it now.
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A lot of things have been riding with Elon ever since he expressed interest in cryptocurrencies. I even know someone who is a die-hard fan of him that he wants to continue to buying DOGE coin. He is fairly smart since he is investing what he can risk and is okay to lose.
It's not bad to ride the hype because of the possible opportunities that you could get while trading it. What's worse is that people are investing in these different types of projects without really understanding the reason why it exists in the first place.
Could this Hate be the cause of the next bearish market with BTC? Up to the point that Elon becomes too affected by this and just decides to sell everything? Wouldn't this be worse?
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Those people who get scammed like this are probably people who have a lot of money. Imagine depositing $5000 to an unknown service that nobody reviews about, and if there's a "too good to be true" type of thing, why not people are utilizing it? They are the ones gullible enough to think that there's some free money.
I hope they learn their ways and realize that it's better to check out what other sites are doing those things and probably do thorough research before doing anything else.
Scammers are getting way too creative in convincing people. Some are even creating fake websites to scam people out of their money. I mean, imagine letting someone deposit in an unknown exchange to get it out or something. That's just scammy.
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There are a lot of coins that have remained strong during this short-term bearish market with BTC. Some of the coins are listed below. And there are many more. It's just that people are hedging their assets, maybe BTC, towards another altcoin. With all the news surrounding the cryptocurrency market, like Elon Musk tweeting their view with BTC that it's an energy-hungry asset that causes environmental impacts. There are a lot of supporter investors that follow blindly what Elon says. I guess that's an impact as well.
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You would know those people once you have seen their posts or something. I know some people who love to brag about their wins and show off their portfolio and have a sense of boasting involved. And those who lost money finds a way to blame something, like hatred against Elon or something like that.
Anyway, there could be a lot of groups that would offer you signals but most of them are going to have a disclaimer that they are not 100% accurate and you should still exercise risk management all the time.
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This could be one reason why we had such a bearish short-term market the past few days. I wondered about it because I can see recently is all about Elon being himself on Twitter, lol. He was also mentioned at the end of the article, though. Anyway, I think what has happened in their platform cannot be undone, and with what o_e_l_e_o said, it's weird to move continuously, IYKWIM.
In any case, the skeptical part of me is only saying that Brian Armstrong and Sam Bankman-Fried might be pushing government to move faster to kill Binance so they can take its market share hehehe.
Being the top exchange would bring a lot more value to their company for sure. I bet it would affect the crypto market so much once Binance is out of the picture. Anyway, FTX is currently racing to be at the top and the news about Coinbase being publicly traded is great as well. They are doing well.
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Where is the admission? I'm just curious as to how someone could assume that it happened. For me, I look at it as a troll reply or something. You would reply to someone thinking that he knows what he is doing and what Tesla will do with their BTC stash.
He pretty much can do anything he wants, lol.
Pretty much the same thoughts with Darker45 on this matter.
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Is there any fact that you can state that he might do that? Sure, somebody with his position can say anything he wants and it could be "Dogecoin Sucks" but it hasn't happened yet or never will be. He has just that kind of influence over the new investors in crypto.
I imagine you lost some of your money with this Dogecoin fiasco or probably lost money with the recent "announcement" in his tweet that possibly caused the recent downtrend with the BTC price.
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Yeah coinbase offer bank cards. You CAN pay with that but I'd ultimately not recommend it as there's a 2.5% few on conversions and you also have to deal with the potential for a flash crash or something. I see, thanks for the info. What flash crash? Wouldn't it be converted into USD? Anyway, I only have experience with Crypto.com though.
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Does Coinbase offer their bank card? Like what Crypto.com is doing or something?
I'm quite confused with the OP talking about Bank Card that is connected to Gmail. From what I read with the posts above, all I know about it is that it's a custodian wallet that you can use to transact with other users using email within the same platform, of course.
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I was concerned with the OP now, knowing that this post was at the start of this year. I'm not sure how he handled his mind knowing that it reached his target but because of the volatility, it just didn't went his way already and treated trading as gambling. I hope he is okay now and recovered. It's great that he made it all the way to $17500 from $350 though. Pretty sure he can do it again. Just saw this post because of the necro poster above.
I already more than 4 year in cryptocurrency trading, but i never touch leverage trading. This type of trading similar to gambling, and about 80% of trader loss money from it. You should be stop trade on margin trading and avoid greedy, its enough to trade on spot market and invest in strong coin and hold it for a few month, this easy strategy also promising multiple profit.
You can miss out on potential profits if you didn't use leveraged trading. I mean, it's good once you know how to use it efficiently and not just doing wishful thinking with your trades. It's better to know what you are doing before doing anything else.
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If you check the historical prices of different asset classes, it's mostly always going up to the point that if you factor in inflation and all the rise in price caused by the human race and greed, it's almost always going to go up. What would differ is the amount of time it will go from the point now to the point where you reach those 10x, 20x, etc., targets.
If you are willing to risk in those coins, it's your choice. As long as the currency has been around for more than two years, I think it's going to be okay to be bought. Better be ready not to check it for a while and strong hand everything.
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The guy must be earning big already given his former position but it took investment in cryptocurrency to quit his job. Yes, of course, there's always going to be the factor with the fact that he can earn with his current job but with his assets that have accumulated, it's enough to not do anything anymore and just enjoy the rest of his life not working. I think a lot of people's goals are to have enough amount of money and then start up their own thing or possibly retire. How about you? Do you see yourself quitting your day job after this current bullrun? I hope you make enough to start with a business of your own.
If I manage to earn that kind of money in my investments, I would quit as well. I mean, I wouldn't want to have to report to a boss anymore. It's good to be your own boss unless your company would let you be one of the top executives and decision-makers, maybe that's a great gig to have even if you are already filthy rich. Imagine having that kind of money, it's going to be a lot of fun to help people that really need it. It's going to be life-changing for them. I hope I can achieve that.
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There are many suggestions to be bought, and there are some things that you can miss out on. It's a matter of deciding for yourself and not relying on others and then blaming them because you followed them or learning how to know what to buy during these times. It's best to be aware of what to do and the current trends because they can be taken advantage of, but you would be devastated once it turns against you.
Anyway, the safe moon is technically not safe; just basing on its popularity alone during these times is risky. Not for the long term, unless you are shorting it?
I think with your 20k, and you could do a lot of things. Possibly, divide your 20k into different assets, in which you have chosen the best coins for you, and you decided it for yourself and then wait for it to rise. I think that's a great strategy and prevents putting everything in one asset.
This is not financial advice, lol.
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Yes, there is always no fun when you are going to lose your earnings in gambling, imagine you have worked for it for one week and then you will just lose it all in one day,
I have the gambler's mentality and I'm trying to change it. Sometimes it affects my trading portfolio as well. It's not going well enough if I'm emotional that's why I result into trading automation. that is really frustrating, I also the same thing as yours, before the profit that I am having in the signature campaign are being used as my capital when I gamble but that is only happen one time because I lose it all, so the next profit that I have earned until now is being used for my investment and some are used to be converted into fiat currency so that I have money in my own for my needs and wants.
Don't gamble what you cannot afford to lose. That's the number one rule, IMO. I admire what you are doing with what you have earned now. I think the impulse that people have during those times is fueled by greed and envy with regards to other peoples gains. There's always going to be a factor of luck with it but it's important to know what really matters.
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Mine is okay, I can see all the way back to 2016 Maybe you just have to wait on the loading time? Or use the link given by jossiel. It seems fine still.
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If you happen to be an active trader or know people that trade actively, you will notice that traders do not easily give out money ( i.e lend out money) not because they don't have to give but because their capital is actively and most times always involved a trade. It depends on the type of trader. Maybe he has a lot of money that he can't do anything else but let other people have at it with his money. Possibly, using the lending services of the exchange. You have to understand as a friend to traders that even in times when big wins are celebrated, it is not still a time to ask them to help you with money for your needs with the thought that they are in profit, because if you do you will get yourself disappointed nine times in ten chances. I think it mostly depends on the person or the amount that he is being asked for. If you know someone who has a lot of money but doesn't help out others in need, probably he is just selfish like that.
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Most of your stuff is valid, and a lot of people are starting to invest in the market like trading and investing in different types of coins. I know that once you are introduced, you are starting to get overwhelmed first, and that's the most common reaction towards the investing stage. Imagine experiencing a winning trade and doing the task all over again. It's easy at first, but once you hit those streaks and those losses, you are in a rut, and you might be able to consider yourself gambling with your hard-earned money.
Anyway, why not include doing what you know and offering it as services and then receive payments using crypto or something?
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These are clickbait articles without any substance to rely on. It's highly unlikely that bitcoin will be overtaken by any other currency at any point of time in future.
It is clickbait to let people read it, I think that's just the strategy with marketing but in the article itself it stated that For now, Bitcoin is the king of the hill and will likely stay that way for a long time as the price continues to climb and mainstream investors hop on board. The article is saying that Bitcoin will stay at the top. So I think you went ahead and immediately assumed that the article says that some altcoin would be overtaken.
Didn't click on the link. Didn't read the article either. Will just respond to your subject.
The initial line in his topic is part of the article anyway. It kinda looks like Cointelegraph's website or similar to that though.
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