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361  Economy / Trading Discussion / Re: You lose more when you over trade on: December 21, 2023, 09:29:03 PM
Over trade is not advisable, the fees and the stress can make you lose more.
In trading, everything should be balanced and based according to your analysis. Day trading can be very frustrating so make sure to know how to handle your emotion and make sure to know what is your strategy in trading. I don’t trade that much and I only place my position every time I see opportunity, the market is working 24/7 so make sure you don’t forget to analyze.
Trading is quite stressful in real life which most people never know but that is how it works. And it means that those individuals who can carry the stress will survive while the others will move away and quit. That is why we should have to be in mentally and physically good condition before trading as this has a huge impact on our trade. That is why we should trade that have peace of mind and in a very convenient place so we can focus on the thing we do. People overtrade because they are very stressed and the chase of getting more despite the market situation isn't really good. 
362  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not a get rich quick scheme. on: December 20, 2023, 02:14:57 PM
Many people think that investing in Bitcoin is a get-rich-quick strategy. And they invest in Bitcoin without fully knowing about Bitcoin. A kind of desperation works in them when they don't see quick cash after investment. They never want to try to understand bitcoin get rich slow scheme. Those who have minimal knowledge about Bitcoin must understand that investing in Bitcoin requires investment for a long period of time to get a decent profit. I think the impatient person can't expect much from Bitcoin investment. Only those who invest with patience and time have succeeded in Bitcoin investment
Well, very unfortunate that most people got fooled by these social media influencers saying that investing in Bitcoin will make you rich without stating the risk. People assume that once they buy Bitcoin today, they will earn a profit by tomorrow.

It is said that lack of knowledge will lead to nowhere. That is why it was not unusual to hear people blaming the market because they are innocent in this kind of investment but still, they urge themselves because of their greediness and the love of money.
363  Alternate cryptocurrencies / Altcoin Discussion / Re: When do you take out your investment when in profit? on: December 20, 2023, 01:30:14 PM
A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.

Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?

Please remember that a greedy person indeed up almost nothing and misses some great opportunity.
If I were you, sell some of your altcoins while it is in the pump condition and reinvest the profit while keeping your capital for another investment. We don't need to wait until the price starts to dump because in just a few hours it is possibly on the bottom already.

For a few years in the crypto market, I've already experienced this thing. I'd never sell because I was looking for more but unfortunately, when I woke up early in the morning the price dropped more than 50%. Regrets and so I don't let it happen again.
364  Economy / Gambling discussion / Re: 2022–23 PBA Commissioner's Cup on: December 20, 2023, 12:56:38 PM

Nevertheless, I will still be for the second game hoping I could recover my first game loss.

Magnolia -13.5 @1.75 vs DYIP

We are on the same boat here, the only difference was I go for higher odds with -14.5.

So far, I can say that the decision was right because Magnolia is currently leading by 12 points already in the first quarter.  I know there's still more quarters to be played but its always fun to witness our team that are having a comfortable lead early.

This is a bounce back game, I'm sure they won't give this away.

It's looking safe now, 57-38 is the halftime score. That's a 19 point lead by Magnolia, if they will take care of that lead even if DYIP would have a big run, the spread you guys bet on will give an easy win. Good luck to both of you, I hope this isn't like the games before that a winning team tried to relax in the 2nd half and just allow the heavy underdog to cover the handicap.
365  Economy / Gambling discussion / Re: 2023 NBA Season on: December 20, 2023, 12:27:51 PM
Fatigue factor is only possible to equate if the coach failed to rotate his players properly so this not the biggest issue to consider on basketball but rather the shooting accuracy of players on that game.


Even if the coach would rotate the players properly, there's still that fatigue factor that would happen. For example, the Lakers are playing 3 games in 4 days, we can presume that fatigue factor might hit them. Additionally, they are more tired if a game would go overtime as that means extra effort.

Players movement doesn't necessarily moving all the players in the team, that's why there's what we called starters because they are the ones that gains heavier minutes, so they'll likely get more tired than the 2nd unit or the reserves.

What would happen, if the starters are tired, they will be rested and the 2nd unit will play the team that are well rested, which gives the well rested team an edge.
366  Economy / Trading Discussion / Re: The most difficult times on: December 19, 2023, 09:55:07 PM
It is just to say that we all have faced difficult times before making any success but despite how difficult it was we still have found a way out and break through it. Our mindset is one that urges us not to quit but if we are already in doubt, I was certain that it was impossible and this is what happened to most traders as they quit when experiencing losses.

If we are determined to reach our goal, nothing is impossible and we do everything in order to succeed. Success comes after hard work and perseverance.
367  Economy / Gambling discussion / Re: Have any one had experiences with banned bank/providers because of gambling? on: December 19, 2023, 12:30:49 PM
Not yet on bank but on local exchange, it was already banned that's why I'm already using now the binance p2p. As per TOS on our local exchange, funds coming from and going to gambling platform is prohibited, but I never mine it, I just continue using it until one day I was surprise my account was already banned.

sometimes, even if an online platform allows our transactions despite it's already against the TOS, that doesn't mean they'll allow it forever. So we should be aware of the risk and be ready to accept once our funds are frozen.
368  Economy / Gambling discussion / Re: 2023 NBA Season on: December 19, 2023, 11:12:39 AM
^^ I think the media hates James Harden. Remember the video circulating online that telling James Harden is the problem and not the System.
Big win for the Clippers last game! 8 game win streak. These 4 All stars hopefully help and lead the team to their first championship. Great game for Harden, taking over the 4th quarter in just a few minutes. They've been up big already and I love their mentality now. I'm noticing their style with a barrage of offense from the 1st to the 3rd until Kawhi doesn't need to return in the 4th. Harden usually takes over as well as Powell and PG. Only injury will ruin again this momentum.

Media are just trying to sell a story, if it's negative, a lot of people will be interested on it specially that they were really struggling when the Clippers acquired him through trade. But that was just before, IIRC, I think Harden said that wait until they figure how things. So this is it, they had already figured out how to win and I think they will be unstoppable now.

This win streak is going to a positive side, they won't struggle anymore, unless one of the star players will be injured, God forbid.

And now, looking at the standing, they are already in the safe ranking as they ranked number 6 in the West.
https://ph.global.nba.com/standings/

If they will maintain at least that ranking, they already already assured of a playoff spot.
369  Economy / Speculation / Re: Will we see repeat of 2017 or new trend? on: December 18, 2023, 12:53:39 PM
I hope people remember what happened in December 2017 as last quarter of 2017 we witnessed bull run and during second half of December we saw price of Bitcoin dropping down and eventually triggered bearish market for next 3 years approximately and we are going through similar stuff but this is not a full fledged bull run but still we have seen crazy pumps for some Altcoin and even Bitcoin has increased. Are we going to witness price correction or bear market now ? Or else this time it's gonna be different and Bitcoin will reach new ATH and we won't see any bearish pattern in December ?
Well, I couldn't say it will be the same but if we talk about the existence of long bearish, and short pumps, that is still something to experience. We can't change the market sentiment as it remains unknown to use for what exactly gonna happen. After seeing the price of Bitcoin jump over $40,000, I was happy but not to the extent that I was looking forward to seeing ATH this year. ATH is way too far from now, we wait a few months after halving, that is what people are predicting and I agree with that.
370  Alternate cryptocurrencies / Altcoin Discussion / Re: Secure your crypto wealth by not having it all in crypto on: December 18, 2023, 11:39:56 AM
I wrote this in my notes app when I became aware of ledger library exploit. All this writing was spontaneous, and you should definitely heed it.



Crypto is wild west. Scams/hacks, all the new ways to get compromised never ceases to amaze me. Yet, it remains one of fastest way to build one's portfolio, once you have made enough, secure it, diversify in real estate, gold, etc.

You could having million dollars worth crypto in your wallet and next moment, puff it's gone.

Indeed, we can't ignore the risk and possibly losing our money in an instant. A good suggestion is not to put everything on crypto alone but also to consider buying real stocks like gold, land, etc. Because crypto investment is prone to hacking and usually targets wallets that hold a lot of money. However, we can prevent this from happening by using different wallets and spreading funds to multiple wallet addresses but yes, the risk of losing is too high.

I'm not sure if this is a good idea but what I did is that when I got enough profit I withdrew my capital and left my profit to continue investing in crypto.
371  Economy / Gambling discussion / Re: Which one is fun, watching with bet or without a bet? on: December 18, 2023, 10:37:46 AM
That sense of risk free when watching people gamble, the feeling has no match like other, but if those who are gambling on a match wins you will feel like you missed out,  it is better not to get closer to anyone that is into gambling or else you will start feeling like you are missing out.

You will feel more relaxed if you don't place a bet on a match but as a gambler you can still feel relaxed if you risk a very small amount on the match, the reason why people feel like they aren't having fun is because they use money they can't afford to lose on the match or game.

 
I don't have to place a bet on a match because it is not a must for me to bet on a game sometimes I just feel the need like I need to enjoy the game without placing a bet on the game.

The point of betting should be an amount someone can afford to lose. It should not be a big deal, as these betting sites always remind the bettors to be responsible gamblers. Someone who gambles irresponsibly means that person has problems that need to be fixed because he will be irresponsible even outside of gambling.

It indeed feels more relaxed without a bet. But that is nothing compared to the feeling when winning a bet even if it's just in small amounts. Like yesterday, I won around $30 during the Mobile Legends finals while hanging out with my friends. And there's so much thrill and excitement especially when the games are much closer.

Their reminder is only "gamble responsibly", they don't state a certain amount on how much you would gamble, or even state gamble what you can afford to lose only. Gambling sites would love their bettors to gamble more as they don't use emotion in running the business, they follow the rules or the law and they are operating to be profitable, and as much as possible they want to maximize it. Therefore, it's up to us on how to interpret the words "gamble responsibly".
372  Economy / Gambling discussion / Re: 2022–23 PBA Commissioner's Cup on: December 18, 2023, 09:41:48 AM
Guys, I wanna share with you the video I saw about the statement of Mac mac Cardona. I'm sure you all know that he was a PBA player before, and his statement is very negative, however it seem like it has reflect what is happening now.

According to him, the PBA players value now have dropped compared to the past, and that started when Kia and Blacktubig came in to the league. He said that there are players who are just paid 30k per month, and some are not even paid, just playing voluntarily waiting for an opportunity to get paid. So speaking of 30k, I think this is too low for a basketball pro playing in a popular league.

So, I like to hear some of your thoughts regarding this, you do think the PBA has been struggling already? And please share some possible reasons and its solutions base on your opinion.
373  Economy / Gambling discussion / Re: 2023 NBA Season on: December 15, 2023, 12:53:03 PM
Finally the NBA made the right decision for Draymond Green.

Draymond Green’s suspension is good for everyone

Quote
It was fairly shocking on Wednesday night, when the NBA announced an indefinite suspension for Golden State Warriors forward Draymond Green. I had anticipated a fine and probably a one-game suspension after Green struck Phoenix Suns center Jusuf Nurkić in the face on Tuesday, resulting in a Flagrant 2 foul and an ejection in a game the Dubs would lose by three points.

He's on indefinite suspension and it's not certain when he'll come back, but most likely it will a long period of time.
Now, the Warriors will defenitely struggle on their defense without him as they were playing a small ball when Draymond is a significant player for their success, without him, their playoffs hope might be done this season.

Good, at least the NBA has reacted to really suspend him as he is out of control. Although he has the history of those kind of cheap shots, remember him kicking Adams in the nuts? That's already some sign that Draymond is doing it intentionally. But this time he went to far, with the Gobert choke and now hitting Nurkic. And I guess the Warriors are going to suffer for it, and just like in the games against the Clippers, Green services is missing as they lost that game. Although Klay was hot, it was not enough as the Clippers closing them in the last minute of the 4th quarter. So another close lost for them and it's going to hurt them more without Draymond in the lineup.

Let's play with stats. I don't have any of the stats but based on my observation, on games without Draymond Green, Warriors aren't winning most of their games, which means now they'll experience the same.  They were already playing without GP3 which is a defensive specialist, and now they lose another defensive player, I don't know what to expect on the Warriors anymore.

Guys, if you are gambling, I suggest don't back the Warriors as they are not the same, instead bet against them. That's a friendly advise, play with the real numbers and forget the hype from Curry.
374  Economy / Trading Discussion / Re: Unknown fact our profitable colleagues won't tell us on: December 15, 2023, 07:16:55 AM

In trading no matter how skilled a trader is, he will most times lose some of his trades because no one has a crystal balls.
 
In that case, stop calling ourselves as a skilled trader. We don't need to have a crystal ball to see what will happen next, only we need assumptions/predictions which is why we have TA. And aside from that, a trader should never doubt themselves but rather choose to be courageous.

If we see some trader become successful, we have to say that they are gifted because even asking and following their strategies and way of trading, still the results are different. WHY? It is because we differ in making a decision and emotions dealing.
375  Economy / Speculation / Re: Bitcoin is the only currency that has grown the most!! on: December 14, 2023, 02:29:12 PM
From $44k to $41k. This is a minor correction in my opinion. $50k this December still don't know the answer.
That's why you should switch to Bitcoin instead of sticking with altcoins that are just a waste of time.
I think this correction will not continue there is still a possibility that the price will bounce up and return to the $44K area in the next few days. This is also not the right conclusion in the assumption that I believe that bitcoin can go up again in December even though we don't know the real direction yet.

Altcoins only rely on hype to go up so it still goes up a lot not naturally then when the trend occurs then the pump on altcoins is getting more especially for new projects but at this time I still put altcoins aside and stay focused on bitcoin.
Correction is hereby expected in a volatile market but yes, we can't think it will be dumping more. From $44k and dropping back to $40k, which is not really big enough, the market support is still strong and pushing back the price of Bitcoin again. What are we gonna expect in the coming days? We are more positive as the halving is coming but still, we can assure you that there is no more correction happening. Still, it was acceptable in the sense that selling/buying demand kept changing. After all, the entire market is reliant on the trend of Bitcoin.
376  Economy / Gambling discussion / Re: 2022–23 PBA Commissioner's Cup on: December 14, 2023, 11:44:15 AM
Going back to the main topic, I see this like a similar scenario of the Warriors game where they are up early but ending up losing the game.

Just look at the 3rd (41-20) and 4th quarter (33-19) scoring.

That 3rd quarter alone TNT were able to come back in the game already, and going to the 4th quarter, we know that NLEX was already in trouble as the energy of TNT is so strong that they want to end the game with a dominant passion, and they did.

Things went sour for NLEX in the second half of the ball while everything that TNT threw went in the basket in the third and fourth quarters. I lost my bet but didn't regret as i think Bolick will be the biggest factor if they won that game.

Meanwhile, my prediction is happening, SMB Beermen will be parading a new import, 6 foot 10 Bennie Boatwright. He will be replacing Ivan Aska after their game with Ginebra Kings as per report.

SMB won't win a game if they stick with their import Aska if Junemar is sitting in the bench due to injury, too small, they need a rim protector and a rebounder as a replacement for Fajardo while he is out for a while.

Great decision, they need a dominant import and Aska is not that kind of import. SMB can afford to hire a good import, so they should look for a good one. 6 foot 10, tht's a long import, hopefully he can fill up the gap that the SMB is lacking, a dominant big man is what they need as the have good outside shooters.

By the way, we have some good news.

Chris Newsome shines as Meralco stuns Ryukyu for 1st EASL win

Finally, we were able to win a game, last time this tell just fell short against the Team of Jeremy Lin.
377  Economy / Gambling discussion / Re: 2023 NBA Season on: December 14, 2023, 10:55:48 AM
I haven't noticed one. But I would love to see special odds on the current Spurs' losing streak.

Not in our crypto sportsbook but it's available at betonline.

Quote
Detroit, losers of 20 straight games, currently sits at -130 odds to end their streak at 24 games or under, per BetOnline. Odds the team's futility extends past 24 games are at -110. San Antonio, meanwhile, has lost 17 consecutive games. Odds for the Spurs to end their streak before it reaches 22 games are -110, and odds for it to extend past that threshold are at -130.

Bettors can also wager on which team gets its next win first, with odds for Detroit coming in at -140 and San Antonio at +100. Prefer against playing favorites among the two worst teams in basketball? In that case, you can bet on their combined losing streak—at 37 games entering Tuesday's action—at an over-under of 46.5 games, with -120 odds on other side of that mark.
https://clutchpoints.com/nba-odds-pistons-spurs-historic-losing-streak-totals-get-eye-opening-vegas-updates

I haven't check it since I don't have an account at that sportsbook, but if there's someone here who have an account. Perhaps they can verify, and hopefully  we can see some odds from crypto sportsbook, maybe not on the books I'm using but it exist with other crypto sportsbook.
378  Economy / Trading Discussion / Re: What should newbies do in trading? on: December 13, 2023, 02:01:14 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I don’t want to try hard when trading it
Since you've been doing this already and experiencing losses, the very first thing for you to do is to find out what causes your losses. Knowing the reason behind this will help you understand what are the things you need and what are the things that you need to improve. So there is a reason why you should not continue trading but rather address those things. We have to think that learning is very important in trading that is why we can't assume that we can make a profit from an empty mind, instead of losses.
379  Economy / Gambling discussion / Re: Bankroll! on: December 13, 2023, 11:32:09 AM
I personally wouldn't do that because even though I have a lot of money I've never thought in that direction, by making a very large deposit, because I myself am someone who doesn't dare to take risks in terms of gambling, it's better for me to invest it if that's the case.
Everyone has out own choice, maybe you only see gambling as a form of entertainment, therefore you should only put a very limited amount of money, enough to make you have fun regardless of the outcome. However, there are people who really thought they can make a living in gambling, try to watch youtube videos, you'll see a lot of stories, so if a gambler sees that, it could inspire him to build his own journey.

It's a huge challenge as the success rate is less than 5%, that according to what I read. So becoming successful is life proving to yourself that you are special.
380  Alternate cryptocurrencies / Altcoin Discussion / Re: Time to be cautious: Everyone is not market expert on: December 13, 2023, 10:35:08 AM
Many people who know nothing about the market are claiming to be expert of the market know nothing about the market they are just doing all this to gain followers which will make them to generate money from social media.  Investors needs to be very careful with the advice they get they see on social media most of this people giving advice as experts don't even know what they are doing . The social media is full of people who claim to be experts with a shallow knowledge about crypto and the market.
Developers are hiring these influencers and take advantage of it. But why many people are following them? And that is a question. Well, I say that those who are no-how investors can easily be fooled by these influencers and by these self-proclaimed expert. But for those who have market experience already, they will just ignore them and instead, they do it by themself.

Well, just to know that we just learn after having a bad experience. That is why we could say that experience is great teacher, therefore, falling into scam investments are natural.
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