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I do not like the term safe and we should change it as less risky, yes it is true that the risks are lesser if we will make investment with the top altcoins in terms of market capitalization because of the liquidity. I think the problem why many new traders that are losing in the market because of the cheap thinking where they are buying shitcoins that are look cheap because they think when the price become valuable, they will earn huge money. That kind of thinking is the major reasons why only few traders that are surviving in the market. It is really better if we will invest first in the top altcoins like ethereum, xrp and many more due to the lesser risks.
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It is obvious that if you lose good amount of money then you will have sleepless nights. I have not experienced it yet and I do not intend to in the future. I gamble with what I can spare. I always gamble with small amount and never exceed the limit.
Huge losses can have psychological impact for us especially if we cannot fully control our emotions and our thoughts. There are many people who regretted their decisions after they lose in trading or in gambling, that is why we should have good psychology especially if we are a gambler or a trader. I have a experienced where I also have difficulties in sleeping because of the huge money that I lost, I know that there are also many gamblers who have same experienced with me. |
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Ravena and Romeo were part of Gilas before that brawl with the Aussies happened. Only Fajardo and Norwood were not suspended, all the rest including coach Chot Reyes were meted with suspension thus making Coach Yeng the head coach of the National team. Those players under him were left overs of the selected pool because most of them were suspended. Even Taulava made the call to join Gilas as there are no other bigs left that an help Fajardo in the middle.
I think you have explain it right, the good players in the Gilas were suspended that time, I remember Romeo doing a crossover when he got kicked by an Aussie player which is currently an NBA player, i think the guy is playing with the Bucks, not sure though. Gilas players not backing down to the Aussies, however, the result was very bad, we barely have a chance in international games and then we allow such thing to happen and players are just suspended. I think I'll never watch castro play again in the international court, the young guns will take over, but who is going take over the best point guard in Asia? I think it will be Thirdy Ravena that can take over the name of the best point guard in Asia but we should not expect that it will happen easily, he still not have enough experiences especially participating in international games. I miss watching PBA games and also I miss watching international games especially if the gilas have match between strong countries. I hope that we can now return to normal where we can watch and place bets. |
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There is no word safe especially in this kind of market where there is high volatility. For those who will buy altcoins, make sure that you have your own criteria for buying not just because there is someone who recommended it for you or just because of the predictions of those self proclaimed gurus in the internet. I buy altcoins but I do day trading where I have proper risks management including the position sizing and cut loss levels to protect my capital.
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Whatever kind of change it’s going to be, I hope it’s going to be for the better. When it comes to people’s character, I will say they will learn to be more careful and avoid some things and the way they interact with others. And as for the government, I think from now on the government in every country that was affected will learn to invest more money in the health section.
In developing countries where their leaders care less about their health system, it’s going to hit them hard and they will learn a lesson from this and prepare their countries for the future. There is a total lockdown and no one is allowed to travel from one country to another.
According to the experts, there will be a new normal that may happen after this crisis. What is the "new normal"? It is the rises of the concern and respect to the health workers and also the rises of the number of the people who support the work from home because they having more time to their families. The new normal that we can see is for the better in order for us to adjust to the situations that we experienced. |
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Do not expect that the majority of altcoins will recover during or after the crisis, it is normal to see that there are shitcoins that losing its value because of the low demand and not good liquidity. If we will trade or buy altcoins, make sure that it is part of the most traded where it has a high volume for us to say that there are buyers that are really interested to buy it. I only trading altcoins that have potential in the market in order for me to handle the risks very well.
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Im playing for fun and if luck is on my side then i'd be happy to make more money with gambling. For me, im not really expecting to win big amounts in a casino because first off im not that really a good gambler to be able to win consecutively. So my purpose in playing is to have fun use it as stress reliever by taking off my mind in doing other things.
Gamblers are not always aiming to win or to get a profit, there are some gamblers who seeking enjoyment and kill the boredom like me. During this quarantine, it is really bored and there are only few activities that we can do. I do gambling when I have a leisure time for me to have enjoyment, winning or gaining some profit is just a additional rewards for me and also the enjoyment and fun are the things that I seeking when I do gambling. |
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What is your trading plan? Do you want to buy ethereum to hold it or to just scalp it. You should rely on your plan before you create your decision. I'm a scalper where I use 3 minutes and 15 minutes chart when I day trade. There are times I trade ethereum with a maximum leverage of 50 for me to handle the risks very well. Yes it is risky but I have good risks management after all. If your plan to buy ethereum because you want to hold it, consider the trend for you to handle different situations.
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I think we can narrow this down if we can control greed and exploit the benefits. however, when you get a profit, you can immediately sell your assets. it is the best way to avoid the risk of trading. the smaller the profit we take, the less risk we face.
It is about having trailing stop ir target profit in order for us to protect our gain and not let the greed to control ourselves. Greed is the reason why some of our gains are becoming losses because we are not able to protect it. We can minimize the risks if we have a plan where we can protect our capital and of course if we have gains. The risks are high in trading and we should be aware of that, we can handle it very well if we know what we are doing.l where we have efficient and effective plan. |
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Trust? That word will make you suffer into huge losses, there should be no emotional attachment when we trade a certain coin. Even if the ETH and BNB are part of the most highest volume and market capitalization, I do not trust those coins because I'm a trader and I know that trust can make us regret to our decisions. I only trade coins when I saw a bias that may happen. For those people who will buy because if trust, double check your decision because for sure you can suffer in huge losses.
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The term safe haven which means than asset that can retain its value or even increase its value during a crisis. I cannot say that bitcoin is a safe haven because recently we saw a major panic where the price drops so much and it is not a characteristics of a safe heaven. The most popular safe haven is Gold but its value is also drop when the pandemic start, the value of bitcoin is too volatile and for me it is not consider as a safe haven investments.
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snip~
The current uncertainty of the situation is that we do not know whether people have enough free money to survive the time of the quarantine that is now continuing. If this money is not enough, then people will again be forced to sell their cryptocurrency and prices in the cryptocurrency market will again slowly fall, or at least generally stand still. We really need to observe the market for now, because now the situation is unpredictable. And something we look at the market movements by now, we think that it drops but it was in the opposite. But I'm a little bit worried if these people won't make their way to hold until halving and then lose their hands. It gonna be right, we should have to look for what it is better and understand the situation around. Investing at this point seems to be in less consideration especially when we just rely on what we have today. The pandemic is really crashing in an individual's life, we can't move freely, we can't make money to support, and that is really hard. The panicked is over where there is a major dumped that happen, right now the price is consolidating and for me it is a good thing because there us a bullish signal. If there will be a major breakout that will happen, expect a rally that will happen but if there will be a breakdown that happen where the major support got broken, maybe we should let go our position and cut it in order to prevent more losses because it is a sign of weakness |
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My position sizing is depends on my mastery in a specific trading setup. I have criteria that I keep following for me to have a good position sizing. Traders should also focus to improve position sizing because it is part of risk and management that is important in order for us to protect our capital and maximize our returns. My position sizing always depends on my mastery and also the general trend of the market. If the trend is uptrend, I can put 25%-75% of my capital. If the trend is sideways, the maximum position that I can put is 50% but when the market is in downtrend I only allocating below 25% of my capital in order for me to have good risk and management.
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The most common source of income that the crypto users do engage in this industry are basically through trading, mining, investment, bounty hunting and airdrops. Those are the most efficient and the commonly known sources of income that we can attain in this industry. On my case, I commonly engage into bounty hunting, airdrop and trading since those are just the ones who suits into my preference and time for I am also having a job out of the crypto community because I do not just fully rely into crypto works for I know that I cannot always depend on the income I can have from it. I just want to secure that if ever I do not obtain income from crypto, I do still have another source of income to sustain my needs.
There are a lot of sources of income, in order for us to have earned income; we should focus on what we can do or we can say in our skills. Identify first what kind of skills do you have, if you are good with reading charts then trading is for you. Different income sources requires different set of skills, if you identify what skills you do current have then use it to make money. There are a lot of people in this forum that their main source of income is by joining in bounty campaigns, they have set of skills where they are promoting different products for them to earn money. |
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When I do gambling; my focus and my thoughts are only about gambling but if I do something like household chores, different activities, work or even if I will sleep; I do not letting myself to think about gambling. There is psychological effect that can change my current lifestyle if I will always think gambling.
Yes it is true that many people are having time to sleep because they are thinking gambling especially if they lose big or win big. We should not always letting ourselves to think about it if we are doing something else. Gambling psychology is important and we should be aware of it.
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Here Finally there is a thread that talks about resistance https://bitcointalk.org/index.php?topic=5242131.0Maybe people are not ready to stand about this because we know how bad the effect of the virus so resistance is not a Big thing so far. Yesterday it didn't break the 7300, so I am expecting a dump until at least 7100 right now, but if it is somehow hold the 7200 for 24hr then, there's a higher chance that we can go after 7600 after it break the 7300. Let's just wait on what's going to happen the halving is also near so expect a huge pump after that. Based on the past halving it gives bitcoin a huge pump so maybe history will repeat itself after the halving  If fell below $7,000 mate but had come back after a day so we are staying at 7,000-7,1000 now and i think enough to be contented because still world is struggling until this moment. The price of bitcoin is consolidating inside the darvas box where it is ranging between $6400-$7500. There is a major resistance at $7500 and we can observe that when the price of the bitcoin reached this area, the price is bouncing and the price is declining. If there will be a breakout in this resistance, we should expect that the price may rise because there will be a role reversal that will happen where the major resistance will become a major support. |
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We need to remember that in both the previous occasions (2012 and 2016), there was no major spikes immediately following the block reward halving. The prices began appreciating some 7-8 months after the event and reached ATH almost 1.5 years later. I am not saying that the same will repeat this time, but just remembering everyone that in the past this is what happened.
the increase might not be the day after halving happens, but im more than positive that it will increase some time but dont expect it to skyrocket. we are in a global crisis here and people are busy attending their own needs. but still exciting to know what will happen after this halving, after all it only happens every 4 years. That is right we should not get easily hype, there are people who think that the price will skyrocket after halving but for me it is impossible. In the recent halving, the prices rises but tit takes weeks and even months. Today is different because there is still crisis out there so I think the price will not skyrocket even the halving became successful. The halving is near and we should create different contingency plan for us to become prepared to handle different scenarios. |
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The problem is most of traders are focusing first to put their money in the exchange than to invest it first in their knowledge, they are not aware that being ignorance in trading can make them fail. It is better if we have knowledge first before we put money in an exchange, knowledge is power and we can use it to make money in the volatile market. If we will not invest in our knowledge, for sure we will suffer to big losses.
Ignorance can make us fail in trading and it is the reason why we should have information about trading. We should first take a baby step especially if we are new in trading, there are newbies who investing very large amount of money in trading at their investment. That is why they get anxiety or even depression whenever they lose the money that they invested. For those people who want to invest in trading, you must only put money that you are willing to risks where if you lose it then it is okay. There are a lot of factors that should be consider, trading psychology and technical analysis is what we should focus. We should not just buy and pray like everybody is doing. We should buy because we know a setup that have high chance that it will happen. Ignorance and fear can lead to arrogance, we should not be a trader that have this kind of trait especially if our goal is to become a professional trader someday. |
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I have control on my emotions and expectations and that is why I do not let myself to become hype to the bitcoin halving. There are now a lot of people who do not manage their expectations and it seems that they are now hype. They always saying that the price will rise because of the halving, it is just pure speculation and that is why we should not just buy bitcoin without risk and management. I do not speculate, I only rely on price action. My further decisions are base on what is happening on the chart.
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It is very likely that we will be soon witness another crisis after this pandemic event many people around the world are becoming jobless, in other word no financial to face the reality when this such phenomenon exit, add up the mortgage and bills to pay for, it is sure pain in the back to workaround and see what we can do for the upcoming month during this pandemic.
After medical crisis we will get economic crisis and after that we will get political and society crisis. In some countries will be bigger then in others but almost no will be able to avoid them. Yes, no one will be able to avoid it because everything must be faced with confidence and a strong mentality, any crisis will come at any time because of the catastrophe that occurred not only this pandemic, there are still many other disasters that occur in different parts of the country together with the continued increase in pandemic cases. So indeed, there will be a lot of work and or other matters that must be dealt with after the pandemic or disaster has passed and we must be prepared to face it because the recovery period will also be the hardest period to be done in the future. We should have good mentality if we want to survive in this crisis, our intelligence can help us to solve problems and make money. There are now a lot of cases around the world and the world economy is experiencing major dumps because of the panic in the market. This recession is not simple because lives of the people are on the line. Yesterday, a history made because of the price of oil reached $0 per each where its demand turned into negative. It is the first time in history so we should expect more downs in different types of market. |
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