I met someone who spoke bitterly against cryptotrading, he spoke of how he had a fortune in his trading account that disappeared completely in one night, he spoke of how he fell into depression and sickness soon followed because of overthinking of how to pick up and get back up on his feet financially. Now he is a strong advocate against anything trading crypto, how sad and dissapointing.
I didn't want to go through the rigor of trying to preach the message of crypto and share my testimonials from my little successful trades because our meeting was short lived as we were in transit, but the big question that i kept asking myself afterwards was -
"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"
(I am bringing this topic here to point out amd encourage everyone that needs encouragement, that it is always best to find out the reason behind every loss we make in trading. It might not be easy, but try not to fall into depression suddenly, go back and find out the excesses and mistakes in your analysis in preparation for the BIG WIN, it is not easy, but you can do it)
The disappointment of losing a trade is a lot and it kills an individual if he loses a major chunk of his investment but at the same time we should know that a person only loses when he sells in a loss. Losing money overnight is something that is possible in crypto but not with the potential currencies. If a person invests in scam coins and hopes to make money then that is his mistake. Similarly, every time we lose money while trading, we tend to learn something new. The only thing we have to do is not to repeat the same mistake again. I have also lost good amount of money in trading cryptocurrencies but I am still here and learning and still trying with whatever I have to make money trading crypto. |
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It's good to see Ethereum is undergoing so many developments but at the same time I think the developments are too slow.
Although being a decentralized cryptocurrency, Ethereum is taking long enough for the developments to be deployed.
Proof of stake and sharding are already existing and people might just buy those coins with these protocols.
If Ethereum has to stay in the race I think it has to pump its speed for developments.
Talking about the London hard fork, every development a potential project undergoes does increase the coins price.
So yeah, the London hard fork will surely impact on Ether's price.
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7% is like nothing in the crypto community. Although I know that the point is about how people start buying as soon as Elon makes a tweet, I think Elon is losing his influence over the crypto market.
Since the dump of bitcoin, many people started blaming him and criticizing him and this gave him a bad reputation in the crypto community.
Over a period of time I think people will start realizing their mistakes and then his influence will completely vanish from the crypto community.
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Well as people have been saying for months, Tether is crap, and the entire price of all crypto is traded in Tether, which just happens to have a CAP of $63Billion USD, but only has $2B of real assets ( aka cash )
So right now they just lost $3B ( now $60B ) that means if the first to leave already got their 'cash', then there is no cash left for the bag-holders ( HODLer's )
USDT is indeed like a hanging pole but that alone does not define the worth of bitcoin. We have many other stable coins like BUSD, USDC, TUSD etc... Apart from that, even if USDT crashes then I don't think that will drain bitcoins overall value. The market might dump a lot in the state of a panic but then the money would just flow from one coin to another. |
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I want to invest in Bitcoin but I am thinking it might have too rmuch rsks. Is there any good coin I can invest my money cause I am planning of using next year. Please does anyone know of good coin I can invest in that can give me good profit by next year?
If you think bitcoin is risky then you must do your homework well. Bitcoin is risky and that is obvious but Altcoin are riskier than Bitcoin. Just look through the charts of bitcoin and compare it with any altcoin and you will see that altcoins dump more when bitcoin is dumping. You shouldn't buy altcoins because bitcoin is risky but you should buy them if you trust on the project and purpose of any altcoin. If you think the coin has a good potential and a good team only then you should think of buying that altcoin. |
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We must know why a particular coin is called a 'meme coin'. The sole purpose of these coins if entertainment but people still buy it hoping to get rich from it. I don't understand why people even bother to buy such coins as they don't have any potential project. Yes, some people might still benefit out of the volatility and price but ignoring the purpose of the coin is a mistake. I think the only people buying such meme coins are the greedy people who think that meme coin will make them rich eventually ending up in losses. |
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Seems like a lucky day for me today. I just won 5000 Satoshis. On top of that I played the multiply btc game and bet all and won 2x. That's 0.0001 BTC in the pocket  I don't want to risk it again on multiply btc so thinking to bet it on the monthly btc/eth price. What do you guys suggest ? Myself not too lucky in crypto betting, especially BTC prices, 2 months with two losses in BTC price bet. I think sports betting is bit easier to predict than guessing crypto prices, got winning in the Copa America final bet, and today hoping to win the bet on Euro 2020 and England is my choice. The BTC price bet is very lucky for those who are involved in online trading, understand the trading indicators well and use them regularly. You may feel very comfortable in sports betting, you may know 70% up gamblers are supported Brazil in yesterday's Copa final match, Argentina's odd decreased after the first goal, very uncertain to predict in sports betting, even in the last 1-minute game can turn into the opposite direction. That's the reason why I was thinking to put the amount in betting to predict crypto prices. I keep reading charts and use technical analysis to derive a price and sometimes the prediction does come true. May be I can try my luck again and see how it turns out for me this time. |
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That's one solid example to tell others who are in a state of panic by looking at these FUD these days. This post shows how one important revolution faces so mamy obstacles to prove its worth.
Bitcoin has already proved its worth as it's momentum has already reached a level to revolutionize the whole financial industry.
It's just a matter of time now when bitcoin will be widely adopted and accepted by mainstream merchants.
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Gamblers don't realize they are addicted to gambling until it's worse which they've done unthinkable already like breaking the piggybank of his kid just so he could gamble again. But you as a gambler can also notice it to yourself before you get to the worse situation like selling valuables like jewelry so you could play again.
Is seeking a new strategy or thinking of betting while you are sleeping signs of addiction? If not, what are little signs that unfold you are becoming a gambling addict?
Addiction towards gambling is quite obvious because addiction can happen to gamers as well. We know many people were addicted PubG. Recently I heard that a teenage boy sold his mothers jewelry to purchase in-game items. If a teenage boy can get so much addicted to a game a man can obviously get addicted to gambling which involves real money itself. |
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There is a popular saying amongst gamblers that says "Let the odds be in our favor" irrespective of religious beliefs people say this to themselves because of the reassuring feeling it gives them. Does it make things work in their favor? I honestly can't say but at the same time I can't discourage such rituals
As long as those rituals doesn't hurt anybody and the gambler is doing it for his sake without any interruption to other people. The odds will be definitely in the favor of the gambler if he's truly lucky on that day. But we'll never know if such prayers have been answered on that day but it just contradicts religious aspects if it's connected with gambling. I have read somewhere that the what one wishes for, happens if he truly desires for it. Also, we have indominate powers within ourselves and sometimes what we pray does come true. Not sure if it's just luck but I guess this is why some people pray before anything. |
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I've used to play several games which paid small fractions of a Bitcoin (mostly satoshis) within my early days in crypto. But now that crypto/Blockchain tech has become extremely popular, the number of faucets have reduced considerably. Some games I've used to play are no longer paying, as Bitcoin transaction fees went all the way to the moon. Now that we have the Lightning Network, there's hope that game developers would make use of the technology to save off fees. Gambling games (casinos) are the majority in the Bitcoin gaming industry. Still, I'm looking for non-gambling related games that would pay you Bitcoin when you play (just like the old days). Are there any good games today that pay Bitcoin (satoshis)? If you happen to know of any, please let me know. Thanks in advance.  I think you are talking about faucets. While many btc paying faucets are closed there are still some around and paying. You might already know freebitco.in which is a traditional btc paying faucet and it still pays Satoshis. I pays around 6 Satoshis every hour. They have also introduced the free Wheel of Fortune where we get the opportunity to get more number or Satoshis along with other rewards. Apart from that there are some gambling sites where we can deposit btc and use it to play the games and get btc rewards. |
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Seems like a lucky day for me today. I just won 5000 Satoshis. On top of that I played the multiply btc game and bet all and won 2x. That's 0.0001 BTC in the pocket I don't want to risk it again on multiply btc so thinking to bet it on the monthly btc/eth price. What do you guys suggest ? |
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Just like what the Poll results is showing I don't trust the banks. I hated them right from the beginning.
They treat us nicely when we open an account with them but after that they their true colors.
They charge us for service which we don't even know if it exists and then provide a bad support.
They make us roam here and there just to access all our money. They restrict us from using our own money.
There are many other reasons why I hate them. Crypto on the other hand is like a blessing where we can be our own bank.
You may not be satisfied with the way they operate as well as the services and some of their costs but regardless of such low-rated attitudes, you still need to open a bank account in your country, it's already in a required range, without it, this would be very inconvenient to problems, for example, the form of receiving a monthly salary and the rules about buying and selling products, bank cards are always the king here. Bitcoin gets better comments but people only talk well about it but openly transferring all their money to bitcoin is something they dare not do Unfortunately that is true. Having a bank account has become a necessity because of it being a mandatory thing linking all our online payments. For the time being we can't fully depend on bitcoin or any other cryptocurrency since crypto is not well established and widely adopted yet. But I believe things will change in future and once cryptocurrencies start to become widely adopted then we might not depend on bank accounts as we do today. Some people have already started getting their salary in crypto although the amount of such people is very low. |
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time to do this program as the price is going down day by day. hopefully this program will increase the value of this token. so for those who are speculating that this will rise, time to buy while they are cheap.
also, for those who want to join the flexible savings in binance for fun token, better check first if it is profitable for you or not, otherwise, just let it sit here and enjoy the benefits of holding it.
I was thinking about the binance option since the APY is quite high but then what if the price of FUN token falls down further. Although the chance of FUN token falling is low because of the upcoming burn and the casino. I think the best option would be to buy FUN from freebitco.in and enjoy the premium services and additional rewards and sell only when price goes high and returns good profits. |
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This is where I feel that banks are better because it's quite obvious that investing in such trust funds will eventually lead to a loss of money.
Whereas investing in a Fixed deposit would generate a better return. But that doesn't mean I like banks, in fact I hate banks as well.
The problem here is that nobody wants to put in the effort to learn and build wealth. Most of them just want to get rich quick.
The 'want' of becoming rich quick is what leads them to such scam trust funds. If they were so wise why wouldn't they put in the time and effort to learn and build wealth.
There are literally so many options out there and if we give in the right amount of time then we could potentially develop the skills necessary to build wealth using those skills.
Unfortunately there's only a few people who have the patience to proceed in this way.
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usually any currency increases in price immediately as soon as some good news is released, in this case as the price did not increase much immediately after the release of the news it may be due to the caution that people are taking because it is not yet known which direction the market is going, many altcoins are dropping a lot in volume
That is true although we did see a little gain in FUN tokens price but may be that was because the market was pumping at that time anyway. Right now the price has fall down sharply and the market does not seem to recover well any time soon. This gives us a good opportunity to buy these tokens at a lower price. Staying up to date with the price would be better as we never know when the market would rise again. |
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Some countries now ban the use of Bitcoin, or banks restrict cryptocurrency transactions, resulting in an increase in the number of long-term Bitcoin holders.
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
That's more of an individual choice. When a country decides to ban something the citizens only have two options. Either follow the law and stop using that thing or go against the law and still use that thing illegally. So the citizens would have to choose which one they prefer. I would probably sell some and keep some for the long term if such a situation occurs in my country. Giving up entirely would be a bad choice in my opinion. These are the tactics the governments play and we shouldn't fall for such traps. |
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1. Minimum number of miners needed to exceed 50% of total hash rate.
2. Number of countries with the minimum number of miners needed to exceed 50% of total hash rate.
3. Portion of transaction activity by exchanges.
4. Number of payment processors.
5. Number of node implementations.
6. Number of wallet implementations.
7. Number of mining equipment manufacturers.
8. Portion of coins held in custodial wallets.
I understand all the other but there are two points that caught my attention. 3. Portion of transaction activity by exchanges. I am not sure but how does that matter ? How does it contribute towards decentralization. 8. Portion of coins held in custodial wallets. Shouldn't it be any wallet and not specifically a custodial wallet ? If majority portion of coins are held in any wallet then the coin would be less decentralized in my opinion. |
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Just like what the Poll results is showing I don't trust the banks. I hated them right from the beginning.
They treat us nicely when we open an account with them but after that they their true colors.
They charge us for service which we don't even know if it exists and then provide a bad support.
They make us roam here and there just to access all our money. They restrict us from using our own money.
There are many other reasons why I hate them. Crypto on the other hand is like a blessing where we can be our own bank.
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I have been trading since last 2-3 years and I have been a bad trader in the beginning. I had lost more money due to my lack of trading knowledge.
Good a thing you identified your area of lack and didn't blame it on anyone or system. You tackling it headlong is a sure way to redefining your ability and strategy. Thumbs up for that. Recently I learned more about technical analysis and started practicing. At first I was losing money but as I learned more I started hitting my target prices.
In the last 4 trades one trade hit a stop loss and the other 3 gave out profits to me although the amount was very low.
But as soon as I get more confident I will start trading with more money. Technical analysis has helped me analyse the market better.
That's the way to go! Learning. Trading has to involve news and technical analysis. Anything outside these two is pure gambling and not trading. I have a friend who trades on instinct. He has been lucky so far but I know it won't end well on the long run. Trading on instinct without the compass of TA is dangerous and not advisable. Just keep on with what you're doing and on the long run you will be better and more profitable. I guess your friend's instinct is really good because even I used to trade based on my instincts which obviously went bad. Luck plays a major role in this category and at some point of time things will take turn and end up in losses. You are right that news and technical analysis are the best ways to stay a step ahead of many others while trading cryptocurrencies. |
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