If you were hacked, i recommend you to store your crypto assets on a hardware device like Trezor or Ledger. I hope you didn't have a big percentage of your savings invested in the bitcoins that you have lost. Many people have lost coins in the beginning of their crypto journey, but still managed to make nice profits afterwards.
I really still wonder why a lot of investors do not care taking the security of their assets seriously. We must realize that protecting our assets must be more important than earning new things. I asked a friend of mine who has been able to accrue something tangible in the crypto world few days back if he has finally gotten a hardware wallet and his response was it is too high on the price and my response was if you think a beefed up security is expensive, trying losing your funds to hackers by any means. Security is very paramount and no one should take it with levity at all. |
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Because its a way for wasting money instead of making your money useful like spending it the right way. And gambling attracts greediness and all the negative things a gambler can do.
That wasting of money is actually one thing that gambling will always be known for. The thing is that almost every gambler want to win, but higher percentage of gamblers lose with just very tiny percentage winning most of the time. Looking at that kind of statistics, a lot of people still gamble anyway and still end up looking for what they possibly may never be able to get which is winning not forgetting the fact that the possibility of getting addicted in the process is so much there as well. |
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I will start with one to begin the discussion. If you are putting huge amounts at stake and want to keep identity private, online gamblign comes as a boon.
Afaik this is not the best reason as some gambling companies will require some form of verification when you want to withdraw a huge amount of money from your account. Other reasons to gamble online: -You have the convinence of gambling at any time of the day. -Gambling online has less distractions as compared to brick and mortar gambling -Different incentives and bonuses are available when gambling online And comfort of our home. You can't find comfortable chair in every casino, you can't drink what ever you wish, smoke a cigar and listen music you wish. Everything you daod is alright, but comfort is the most important thing. Since I started with online gambling, bitcoin gambling to be precise I didn't visit land based casino, I didn't enter in one and I don't plan to do that. Big plus for online gambling is that we can gamble in anytime, we don't need to go anywhere and spend time to get to casino, fuel for the trip, we can't drink and drive. Like this we are at home, we can do what ever we wish and gamble in same time, naked if we wish. I believe online gambling industry will grow a lot in next 10 years, many people like us wait to discover benefits and when they do they will stop going to land bases casinos. Lol. At least since you are all by yourself, you can easily do your thing without having to go through any policy whatsoever that comes with going to a casino which if you fail to do can get you banned from the casino. The thing with online gambling is that it comes with a whole lot of privacy and as much as it is an advantage though, it can also be a disadvantage since you are all on your own, and if you get addicted in the case, it may end up being a case of silent addiction. |
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Like everyone else, I'm in Crypto for two major things, To make money and benefit from the innovative technology. (Making money is actually one of the perks for being an investor of blockchain any way). So I was drawn to Cryptocurrencies for those two major reasons. The fact that I am one of the very few people who is part of the next financial evolution is thrilling for me. And I make money while at it. That has been my motivation thus far.
Exactly, we'd all be lying if we keep telling ourselves that most people are not also here for the profit they are going to be making in the long term. However, the innovative technology is what made us to believe in investing into this right from the onset, knowing that people will get to see the real picture and see why it is important to give themselves the freedom they have so much desired over the years which banks and government could not give. It is a huge space with a lot of opportunity and who does not like great opportunities ? |
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Today we can see a lot of ICO struggling for financing, some of them even canceling or delaying. A lot of old Altcoin have seen bottom , new ones even under ico price.
When we look at the history of ICOs we notice they start collecting money like 2016 they rise till the end of 2017 and falling in 2018 just like the btc. It is obvious they follow btc wave. So do not expect too much things from ICOs, tokens, altcoins. There is likely more than a year for btc to gather strength, same for ICOs.
Anyone investing into any ICO today will really have to be patient to wait for the perfect time to be expecting something tangible from those ICOs. We are in a huge downtrend and it is obviously affecting the whole market and I can simply understand why some ICOs are even skeptical when it comes to being listed on exchanges and trying to find a better time during bitcoin uptrend to do that. For what it is worth though, it is just a good chance to be picking some of them with good product which are less than the ICO price now. |
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I think ever since this ICO craze happened that affected the price of ethereum however that didn't last long and with the bear market ICO's have been getting trouble finding investors from people. People who started ICO's before all these bears started actually spent money on it and with the bear market they are having trouble recouping their investments let alone actually making money to turn their projects into reality. These all cause eth prices to drop down a lot.
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Lately a lot. Even tho prices increased I do not feel the hype I use to feel. It is not about fomo or fud, it is not about not trusting in bitcoin or something. It has nothing to do with stuff we all know. It is about the fact that I make my money off crypto and that makes it so swinging income and I never live a life thats
straight. One day I am living like kings of the old times, one day I am having hard time. That uncertainty and swings sometimes make me want to quit.
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Yeah considering the bitcoin is still in its infancy comparing to all other huge financial items we are still early and I mean VERY early stages of bitcoin. We will see it grow a lot more considering it has been around for 10 years only and most others have been around for centuries. Tech has been around for so little. It had started out small stuff like phone books and so forth. Now its going into finance and we have all the future to ourselves.
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Even tho I hate to admit the fact that bitcoin has been used as a commodity to make money instead of using it like it is money itself, that caused bitcoin price to soar. That was the sole reason why we do not have bitcoin at hundreds but we have it at thousands. That was the reason why bitcoin reached 20k. So if we go back to ideals and the purpose of bitcoin than we can see a sudden drop at the price but if we keep on using it like it is comoddity and try to make money off it than we will see it rise again.
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What many here confusing is the word "value" . We are not talking about the "bitcoin price" we are talking about the "bitcoin value". As in what bitcoin brings to the table that makes it worth anything. If take the face value of bitcoin the only thing that makes it worthy anything is the people. More people wants to buy bitcoin than people who wants to sell bitcoin makes bitcoin worth more, the reverse makes it worth less. Now if we take the reasoning why bitcoin started and why bitcoin should be used like what satoshi had in mind, that makes it more valuable than any other currency in the world because this was not started out against the dollar or started against the euro, it started as the currency for the whole globe.
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I mean its not about dodging the law when playing. Noone will know you gambled or not. The important part is when you take out the winnings from the casinos and put it in an exchange
and try to take it out as fiat currency, well at that point you are in the hands of the law. The "gambling" part is not what makes it illegal, its the "cashing out" that makes it illegal hence if you gamble and lose, you are fine, if you gamble and win, thats risky.
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The biggest and most important practice you should never forget is self discipline. Whatever you do, whatever you gamble, dice, plinko, roluette, slots, sportsbetting, poker it doesn't really matter. Whatever you gamble the most important part is to make sure you are not going to gamble with the money you need. If you do that than you are screwed. For that you need a strong iron will that you keep focusing on not "making money" but having fun instead.
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It (obviously) depends on the cryptocurrency in question. If you are convinced that a coin will appreciate in value over time, why would you risk day trading it? If you day trade, the short term fluctuations could ruin your profit if you don't know what you are doing. Even the most experienced traders suffer loses from time to time. Day trading is very close to gambling, especially if you don't know how to manage risks.
It is even more true if we are talking about the current market situation. Bitcoin has lost some value compared to the beginning of this year, but still IMO it's the perfect cryptocurrency to hold long time.
Asides that, what he is referring to as daily trading is still a little not expatiated. Daily trading could be short term or day trading. I would not day trade this market unless I have some pretty good knowledge to handle the market without getting emotional. I wonder why a newbie trader will want to be trading such a high risk rather than waiting for the best chance to hit and run. For now, the situation of the market comes with a very high fluctuation most especially to the downside and I am sure no one will want to be caught in the loop. |
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Many investors are buying the current price of ico but are losing money when it comes to tokens of exchanger listing in crypto. The price of tokens can be thumped when many people dump their tokens when the exchanger is released.
Well, the listing on an exchange right now based on the current market situation has been affecting a lot of ICOs, but the thing is that for those who believe in the project they are holding, they are never bothered as that gives them chance to just hold some more. One thing is that the price will eventually get back to the ICO price and hit even more than that as time goes on which makes it profitable to pick the good ones right now for those who are smart. |
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Proof of Authentication:
Bitcointalk Username: OrangeSeller
Telegram Username: Bounti_Manager
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Trading on bitcoin is slow and requires a bigger fund because bitcoin is costly so I prefer trading on altcoins. There's so many altcoins so there's fun in choosing the ones you like.
When it comes to that of the short-term investment of money or day trading, then it is better to go for coins like that of ETH or any other altcoin instead of the bitcoin as this is something which can help you in a better way in making of the money and that bitcoin is only good when it comes to that of the holding it for longer time. it is not a good thing to trade with such a costly coin in which chances of loss of money are higher. |
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