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3081  Other / Off-topic / Re: Crypto Signals on: September 09, 2022, 03:50:10 PM
I will first advice you to be careful of crypto signal groups, they will ask of money, not for your progress or to make successful trades, but for their own means of earning. That does not mean the signal will not fail.

I am not using signal groups, but there are people that are giving you the signals on Twitter as they tweet about it? Then follow the people on Twitter and turn the notification on for the people followed. Anytime such people post, you will have the notification about it on your device. Make sure that you enable Twitter notification on your device.

Again, I will advice you to stay away from crypto signal groups.
3082  Economy / Scam Accusations / Re: WARNING! SCAM SITE on: September 09, 2022, 06:12:20 AM
I am creating this thread to warn about a casino scam. It's called BIT555.IO It is a clone of BC.Game.
They require you to deposit a minimum of $10 in order to withdraw.
However, if you start too much, they block you claiming that you violated the site's rules.
Some gambling sites which may later become trustworthy can start with an already existing software source code if they do not have enough they budget for it. But it is true that scammers can be lazy and prefer to go for such option too, but that does not mean a gambling site is a scam only due to that reason. We need more evidence.

I do not recommend any new casino sites that do not have active official thread on this forum, BIT555[dot]IO is not on this forum, I checked and I haven't seen any trace about the gambling site on this forum before. The gambling site was created few months ago, not up to a year, not on this forum, such gambling site should not be used in my opinion.

They blocked you? Do the casino site request for KYC? Do they request for anything in order for you to be unblocked?
3083  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Are all crypto gambling charges expensive when it comes to USDT? on: September 09, 2022, 06:00:59 AM
are most of the cryptocurrency gambling platforms when it comes to usdt withdrawal, are they this expensive is deducted from the transaction
as you can see in the picture?
Yes, it is like that in all the crypto gambling sites that I have used before, it is because they are supporting USDT on ethereum blockchain, just like others have said.

But there are few gambling sites that you can withdraw USDT using cheap fee blockchain like Tron blockchain, USDT fee would be cheap if it is TRC20.

I like most gambling sites, they give varieties of option when it comes to withdrawal. I do use Litecoin, most if the gambling sites support Litecoin which I always prefer because of its low fee.

3084  Economy / Gambling discussion / Re: The Rise of Mobile Gambling Is Leaving People Ruined and Unable to Quit on: September 08, 2022, 07:36:02 PM
People today can find it easy to gamble, all can be done on mobile phone that can last for long before charge. Smart phone is with someone at night, during the day, when going somewhere, it is always with the owner. The internet is available and subscription is getting cheaper day by day. Gambling ads not restricted by many countries, just like my country, you will see celebrities advertising gambling sites, only few countries have law against that.

The best we can do today is to educate ourselves, our children and family about gambling, educating ourselves the reason we should not see it as a means of making money, which is where the greed can start from. We have to control gambling and not get addicted at all. People should know that gambling is not a way of making money, instead, it can take than give. Gambling should just be seen as fun and nothing more than that. This way, people will not see it s a problem, or becoming a problem.
3085  Economy / Trading Discussion / Re: Scalping, my best trading strategy on: September 08, 2022, 03:18:08 PM
Scalping might be great for you and you find profit in it more than any other form of trading. Maybe because you are putting risk that is involved into consideration, that is why you are just inclined to it, which is a very good attribute of a trader. As a vast analyst or a more technical trader might see it, it is not profitable enough to put risk into consideration over a short time trading. You have to take more risk in order to become a better trader to earn more profits. The best strategy is not to focus just on one type of trade. Scalping is a good idea for a beginner. However, diversifying into different types of trading is very more important as time goes on.
Scalping is not for beginner traders too, any slight mistake could result to loss. It is possible that the price the position is opened may not be riched again and money liquidation is possible. Scalpers also risk more than day traders, they believe in just little price movement, the reason they risk more. I am not saying scalpers should use more than what they can afford to lose.

Either someone is a day trader or a scalper, there would be preference. But some traders can still believe in their analyses and that the market would turned back for good into their direction and that they will later make profit. Such scalpers risk less, have very low leverage and they can turn a position opened which they want to scalp before, but turned into day trading.

If a trader want to diversify, he should hodl.
3086  Economy / Gambling discussion / Re: Crypto Casino Stake.com sued for $400 million on: September 08, 2022, 08:03:07 AM
It is sad to see these kind of things happen with crypto involving casino projects. As others said I think it's hard to trust people when it comes to money and business. If stake com partners had somekind of legal arrangement when it was just new business they wouldn't deal with such issues. Maybe they already did (we don't know yet) and gonna use that on law case. Yet its still sad to see such kind of news.
Before crypto are existing as been suit cases in court, this is not new. We do not know who is right or wrong too. We can not call this a bad news, things like this are happening in life.

Also not that Stake fold up, it is still a reputable gambling site. I am even surprised that OP is afraid and have the conclusion that people should move their money out of Stake, but it is just a legal case in a way that Stake users will not be affect.
3087  Economy / Trading Discussion / Re: stop loss and take profit on: September 08, 2022, 07:40:01 AM
You can set as many as possible closing limit orders to favour both stop lose and take profit, but on some exchanges,
This is surely a way of losing. Many orders or clustered kinds of options leads to confusion and op looks like a newbie may not be able to handle it. Staying with few understandable options is better.
You do not understand what I meant. That it could be the only option to set TP/SL. On some exchanges, ones you set one (either TP or SL), you may not be able to set the other using the a certain limit price, just like on OKX. But that on some platform like Binance, that you can use it to create both stop loss and take profit order because you can set the limit price to any value, be it positive (profit) or negative (loss) to set the take profit or stop loss. So if used for take profit, it can also still be used differently to set stop loss after take profit has been set.
3088  Economy / Gambling discussion / Re: Finding value bets on: September 08, 2022, 07:17:54 AM
I normally like placing my bets ahead of time, but I will do it in game and normally will throw down extra on one of the bets I’ve already made.
I used some in-play matches in football to win. Assuming that match between club A and B have 1.1 and 7 odds for team A and B respectively. I can still wait for the match to start and bet during in-play, the more the club A has not scored as the match goes on, the odd for Club A to win will gradually be increasing. There are some times I wait for 10 to 15 minutes after the match has started before I place bet on it with a bigger odd.

In my country betting rates are heavily regulated by state so its hard to see some team getting more than 1.05 or 1.10 odds against very weak team. Even though I think many value bets come through such games when stronger one has many injured players (I am talking about football here) so 1.25 odd is not that bad still. On contrary I also experienced losing so called guarenteed bets (which I added to cover my losses). So value bet is only value after you hit with it.
Anything below 1.1 odds, I do not go for. Even I only go for 1.1 odd not often at all, the last I could remember was one of the Tottenham home match this season which I went for win or draw, It could take weeks or few months before I can go for such low odd again. But 1.25 odd is not bad at all, but still looking small. My main preference is 1.5 odd and above.
3089  Economy / Scam Accusations / Re: I have a problem with MBit on: September 08, 2022, 07:00:57 AM
When you have tried all your best but your money is still with the gambling site, you will have to tell your lawyer about it, that is where such case can appropriate start from. But you know that you have a lot to spend.

Only do this if you know that you did nothing wrong.
3090  Economy / Trading Discussion / Re: stop loss and take profit on: September 07, 2022, 11:09:33 AM
What I post is mainly seen in future trading, not mostly seen on spot trading on most exchanges.

And is it possible with the sell limit orders in bitget to open a trade that is like a bybit stop loss?
I am not a user of the platforms that you mention, but maybe this would help.

If you see anything like this: TP/SL (take profit/ stop loss). In a way you can check ✔️ it. You will be able to include the stop loss and take profit.

Another is after you have opened the order, you can see the stop loss and take profit.

Or click on close order of the position opened, but select 'limit', (not 'market'). Limit order would let you to select the price you want the order to close. You can set as many as possible closing limit orders to favour both stop lose and take profit, but on some exchanges, you can only open one which can be either favoring stop lose or take profit.
3091  Economy / Gambling discussion / Re: chance to win, so you keep holding on? on: September 07, 2022, 05:57:50 AM
The only thing I was able to understand from your post was that; when cryptocurrency market is bearish, it becomes boring.
I too do not understand what OP is talking about, maybe he meant that the crypto market is bearish, that people can be discouraged to gamble because the value of the coins like bitcoin that gamblers are depositing into a gambling site is reducing in value as the price reduces in bear market. Asking if the deposit and promotional offers on the gambling site would be what is encouraging gambling with unstable coins. I am not also sure, it would be good if OP ask the question in an understandable way.
3092  Economy / Gambling discussion / Re: [NEWS] Gambler Charged with Murder after Letting Kids Die on: September 06, 2022, 02:56:00 PM
This is very sad news, a mother is willing to leave her child in the car while she plays gambling for hours there, maybe she is so addicted that she is so free when she plays but she forgets her child to death, this incident I just heard now.

I will never neglect my family, especially children, I play gambling when I have free time and it is not accompanied when I play with my children. Of course I have to have time with my family and children to play because I don't want this to happen.
That is how gambling should be, I too just gamble when I have free time, I have free time during weekends, I bet mostly on football, which is a perfect time for me. I am an online gambler than visiting a casino. Visiting a casino could be different, there is more pleasure derived from visiting casino, just like going to bar to have some fun. But regardless of what we would call it, it is her carelessness that led to her children's death.

Her carelessness led to his children'd death, but it may not be willingly like you said, there have been many that have happened in the past that a mother or a father would forget totally that her or his child or children are inside the car. We must be careful, watchful, be vigilant and be a good parent. If the women is innocent, she would also now be in pain, like her life is taken from her already. That is why I just hate this kind of thing to occur, but it do occur. This has been the first I have heard of, that is related to gambling.
3093  Economy / Gambling discussion / Re: [NEWS] Gambler Charged with Murder after Letting Kids Die on: September 06, 2022, 02:38:18 PM
People should know the consequences of leaving kids in the car, this is not the first I have known about. I even read about adult one on the news in my country after some people slept in a car overnight after leaving a bar, they all dead. Also about the one that jackg is talking aabout, I have read about the one that the dad went for shopping but forget his kid in the car, he child died.

This one is just related to gambling, but several ones has occurred in the past that is not related to gambling.

What that do happen is that the father or the mother forget their kid in the car, before they remember, they child could have died, especially if is in a hot sunny day.

If the news is true that the woman left his two kids in the car for over 6 hours, that is carelessness. Maybe she thought she has dropped them at home. I couldn't think of what let to this, but all the news may not be true than how a mother left his children in a car and they died.

The mother is seeing support from his husband and family, which is what that do happen after such bad incident occur. There are many in the past that is not about gambling, other events had led to it in the past.
3094  Other / Archival / Re: Bitcoins historical corrections on: September 06, 2022, 10:40:56 AM
I do not know much about what that happened in the past, but I think that information is accurate to some extent. I started to knkw about cryptocurrecies in late 2019.

About Elon Musk that twitted that Tesla will no more support bitcoin payment which was a manipulation for people to buy more of doge. At the time, bitcoin was around $65100, bitcoin only falled to $48000 ir above, it rose back that day but continue to fall until it reached $46950 on the 25th of April. That was not up to $30%

What made bitcoin falled to 55% is the China crackdown of bitcoin and other crypto miners. When it was declared, bitcoin falled to $28100. The 55% bitcoin downturn was as a result of both Elon Musk manipulation and Chinese Crackdown on bitcoin and crypto mining, not only Elon Musk.
3095  Economy / Gambling discussion / Re: UEFA Europa League 2022/23 Season on: September 06, 2022, 08:40:53 AM
My favourite team to watch in group stage will be Roma. I feel like they may completely destroy that group against 2 weak teams. Trabzonspor's group feel strangely similar in power levels so I think there may be very surprising results.
Freiburg and Nantes got lucky draw with Olympiacos and may easily hit first 2 ranks there. Group of Manchester United and Sociedad is the most boring group sadly. Both will go up.
One thing about group stage is that strong clubs in top leagues are playing excellently and able to qualiify for the next stage. Roman match in Europa would be interesting, but I will also like to watch Arsenal in group A. It was really disappointing that Arsenal was not able to qualiify for Champions League, but being in Europa with how good the club is this time would be Excellent. I believe Arsenal would qualify for Champions League next season.
3096  Economy / Trading Discussion / Re: How To Become A Profitable Trader with stop loss and trailing stop loss on: September 05, 2022, 11:33:00 PM
On the trades I lose I would only lose a few cents and on the trades I gain I would gain much more by using the trailing stop...this commission free trading sounds too nice to be true, doesn't it? is there a catch I don't know about?
Know the fee the exchange you are using is deducting in percentage. Use it to calculate the total amount of fee that will be deducted from you in each trade.

I have noticed this before. Let me make you a good example

You have $5000 that you are trading with
Trading fee is 0.1%
The fee that will be deducted from $5000 = $5000 x 0.1 ÷ 100
                                                                          = $5

Assuming you have $3 profit already, once you close the position or converted back to a stable coin, $5 is deducted as fee.

So it would be $5000 + $3 (profit) - $5 (fee) = $4998

Remember that you are also charged for opening a position, or when you converted to an unstable coin for profit.

$4998 -$5 (used to open position or used to first convert to unstable coin for profit) = $4993.

Your $5000 would become $4993 after making $3 profit.

Likely this is caused by trading with too much amount of money and you want to close the trade very fast because of fear not to lose. Trade with the amount of money you can afford to lose and make more profit that would be more than the trading fee deducted before closing the trade.

I thought it was only spot trades that were fee free?
It depends on the exchange. Spot, margin or future trading can have no fee, but there can be some tasks attached to it. Some can even be in form of rebate, in a way you will trade and earn some amount, instead of deducting fee, but those are for VIP on most exchanges.
3097  Economy / Exchanges / Re: Trade Bitcoin Without Fees on: September 05, 2022, 10:30:17 PM
I dont think we should continue to talk about the transaction fee of bitcoin as been high at all. Transaction fee is said to have reduced massively and even faster. it is so insignificant at the moment and deliberation has shifted to the store value of bitcoin and how to manage the volatility to preserve  interest of institutions and sustain inflow of fund in the space.
Yes, bitcoin transaction fee is low, but this thread is not about bitcoin transaction fee, it is about zero trading fee on exchanges. Try and read the OP.
3098  Economy / Exchanges / Re: Trade Bitcoin Without Fees on: September 05, 2022, 09:30:37 PM
Binance were doing a promotion some time ago (it might still be active and probably is) for trading without fees.
It is still there, but only for BTC pair and BNB market maker pair. Both only for spot trading.
3099  Economy / Trading Discussion / Re: Binance to remove USDC as a tradable asset. on: September 05, 2022, 08:28:07 PM
Though I'm thinking why did Binance remove these stable coins? Are they moving aggressively?
No other reasons, Binance wants to dominate the crypto world. They want their coin, BNB to dominate. They want their stable coin, BUSD to dominate. They have the dominant exchange now, Binance which they know many people are using.

The damage I see about this is that Binance users will later prefer BUSD and not go for the other stable coins mentioned. Binance want more popularity for everything about them.
3100  Economy / Trading Discussion / Re: Binance to remove USDC as a tradable asset. on: September 05, 2022, 07:57:20 PM
It is great news, because it means more liquidity.
And you can still deposit and withdraw USDC and use it for trading.
It has no disadvantage, besides that people might now know that USDC is accepted and 1:1 converted to BUSD and back.

https://www.binance.com/en/support/announcement/e62f703604a94538a1f1bc803b2d579f
https://www.binance.com/en/support/faq/7a2571c63d97459ab4e44a8dd01cf7e8

More liquidity for what? Why not do it for USDT? Why BUSD that is developed by Binance. I can see USDC and TUSD to be successfully traded on some exchanges that I have used before, like HitBTC before I left the exchange. On OKX, USDC is the alternative pair after USDT.

Recently I moved all my USDT from OKX temporary, when I login to the exchange, it popped up USDC to be as a suggestion for trading pair as I had no USDC there again, this is usual if I moved all my USDC from OKX. Successfully, USDC has been a successful trading pair on many exchanges.

Only the one I do not know much about is USDP.

Binance is looking for all means to strengthen BUSD and nothing more than that. I can see lately on Binance that their is now BTC and some other coins paired with BUSD in perpetual market with reduction in fee deduction. But if Binance is trying to strengthen BUSD, it should not be in a way to affect other stable coins to grow.
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