Thee are many gambling stories out there, some good , some sad yet we still make new addicts every day. I don't think the sad stories alone will get future addicts to stop but rather the society must offer hope such that if I know I can earn say 50$ by washing plates for 48 hours I will rather make my 50$ that way and not through gambling.
In washing plates you are sure you will be getting 50$ but in gambling either you can make the same amount or lose out completely depending upon the luck and the game which you will bet on. People who have excess and lose out is fine but for needy it is quite bad. We will make money through gambling only when we have enough luck, as you can see sometimes we may make higher amounts in order to start continuously gambling. Once they are making money they will start addicting to it. Since when you profit ONLY when you have luck? I can just martingale 10x and leave with profit... By washing plates your income is confirmed and your mind is clear but in gambling you can even make thousand dollars in an hour but it is not guaranteed and nay lose your $50 in seconds. What verdict do you get from this scenario? When there is a risk the profit will be high and when there is no risk and the income is confirmed you will get less. Don’t fool yourself and don’t compare job with gambling. That is the thing and that is the main reason I see those pursuing gambling at all cost are the ones looking for the easy means to make money and then not knowing there is more to life than just gambling. Gambling can at least bring something huge but it is extremely rare and most of the people who have concentrated on that aspect mostly over the years, do not always get to have the best in life in the long run, as they get it ruined from addiction and in such condition to say the least, it is always a bad thing for anyone to be having a huge expectation from gambling. |
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As of this moment when I tried to look at the performance of bitcoin in the market I found out that almost every crypto is on green. Does this manifest the start of a bullrun for bitcoin's value? Will this greens remain strong in the coming weeks or until the end of the year? Share me your thoughts on this!
if seen from the graph, it is true, but we all cannot be sure with certainty, of course if we look at last year the price soared at the end of the year, maybe it will happen, hopefully it will happen as investors hope Well, the market is showing some signs for some moves before the end of this year as well and from the look of things and with bitcoin setting a good pace and environment for the whole market, I believe we are going to have some pretty good one before the year runs out. We can all see the attempt most of the market are beginning to make at the moment and how they are really trying to get up and running like we have had before and it seems the bear cycle is about to expire in the short term and we may begin to start seeing the bullish nature of the market anytime soon. |
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While I do not advocate breaking any laws. the First Global Credit Exchange which is being rebranded as Panxora supports crypto deposits in BTC, BCH, LTC, ETH, ETC to back stock trading in 500 stocks from the US, UK, Germany and HK. Also currency against BTC and USD. I am one of the founders and we have been providing uninterupted service since 2014. Not a bad idea at all, having a platform that serves as a bridge between the cryptocurrency space and the stock market in most of the well developed markets with good stock. Trading outside crypto however totally depends on each individual anyway and the knowledge they have about the space they are getting into. It is one thing to imagine that you know what it is about cryptocurrency and you have been trading it for years and it is another thing to actually know some of the rules within that space you want to be adhering to. Stock market is a whole lot of ball game entirely when compared to crypto and what is important is to just familiarize yourself with that space. |
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I am not sure if the national bank will release its own crypto, because so far there are many national banks that continue to contradict cryptocurrency, although it does not rule out the possibility that many countries that support crypto like Japan will implement it. By the way, do you want to live in such a world? I do not want to live in such a world that I can be monitored by the goverment, no matter how convenient it is.
I personally don't mind living like that monitored by the government, because I feel enough concern if I have to deal with the bank, because the funds I get are almost completely and more than crypto. So if the government and bank will release their own crypto, then that is a very good step I think because I as a crypto user no longer need to worry about something, because so far national banks in my country are still opposed to cryptocurrency. Well, that is something that is still a mystery for now, but I believe in the long run, this is something we will get to start seeing gradually with government and central banks utilizing the blockchain by integrating fiat on it. We know the world is gradually going digital, so there is no doubt, that at some point in the long run, we will have the governments all over the world, coming up with their own centralized digital currencies, which would probably eradicate paper currency anyway and then we will at least be able to get to see things done different. Nonetheless, it does not really make that much of a difference at the end because it will still be controlled. |
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If there was an alternative currency (paper money) unregulated by the Government would you use it?
Is there something like that? It would be fake if there is unregulated paper money circulating in the community. Such question is not a deal to begin with and cannot be true due to the government not allowing such currency. Yes there is, for example Bristol, England - they do have their own currency which is accepted in many shops. Another city, Hull, was going to run their own cryptocurrency but I don't know how successful they are. Some cities popular with tourists also run their own currencies e.g. Polish Łeba. Interesting article: Local UK currenciesHmm. That is actually something interesting and I have not actually gotten to hear something like that before and apparently with this kind of thing, that is because it was generally accepted by the people within one specific niche if I may say just like you mentioned with the tourists in popular cities. Nonetheless, i feel it is still something that would not really fly that much. In that case, you should imagine the number of currencies that would actually be available in a single country and if you have to travel globally, how do you think people will be able to relate with themselves to even know what you are holding is a thing worth some value? |
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The bitcoin price has been stable through out September 2018 and like you said is like a build up for bullish trend and we should not hesitate to invest now and makes money in future. Cryptocurrencies market is going to recover but it might not be like it was in 2017.
We are now at the last quarter of the year and we still didn't see any big pump and been almost stable at the price of $5k-$6k. With so many things happen for the last 3 quarters, still cryptocurrencies continue to fight to stand still. Well, that is optimism at the moment and a lot is being said already with the sideways movement we are having presently in the bitcoin market and most other markets. For now, the bulls have really been proving strong and gradually making some attempt at the moment, but how the market tends is something we just have to wait and see. We are seeing dojis everywhere and the market trying to decide where next to go, but as it is, the only way that can be known now will have to do with whoever wins the fight, between the bulls and the bears. |
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Hello, community! I would like to open a debate on pump & dump groups and their impact on the bitcoin market. I'll start off with questions, with my own opinion listed below, so we can get ti started: How do you guys see pump & dump groups in terms of impacts it had(has) on bitcoin? Do you think it is no big deal or it is actually harmful? How harmful it can be if your answer to the last question was latter? In my opinion, pump & dump groups and the activity itself serves only the creator and close circle around him/her. So far, many people lost funds due to it and should be kept out of the industry. There are many other legitimate strategies around to be used instead of it (as to not spam with long text, few can be found here: https://www.cryptocointrade.com/about-trading/crypto-trading-strategies/) What are your opinions on this? I think whales do not posses as much value as you may think in this current market. Yes they can make a difference on smaller markets with small coins on low volumes but if we are talking about bitcoin the daily volume is above 10 billion dollars most of the time, I don't know how much of it is for show and tell and how much of it is true but no one in their right mind would try to manipulate a 10 billion dollar market themselves. Which means its the business' that we need to worry about and not individual whales. Any small investment places like jp morgan can do could change bitcoin for a long term movement. |
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The more time bitcoin survives the market the more the popularity will grow. When more people will come to interact with it,the price will definitely start to rise. Only time will tell whether it's going to reach 20k or not but in my opinion the best is yet to come.
Not just the popularity, but the support itself will keep growing and the more the support keeps growing, the stronger it gets. This is one thing a lot of people do not usually understand. As long as people tend to see that what they are expecting is the end tends to become just the beginning, they will come to terms eventually on how they would play out their mind to be able to take advantage of a market that is growing every single day and in cases like that, support will keep brewing up, the market would become adopted the more until we reach eventually the peak. |
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Like me, many traders especially the inexperienced one in cryptocurrencies trading are finding it very difficult to invest into cryptocurrencies as many of us that buy bitcoin in January and February are still holding at loss. As a professional, what are your thoughts on this as we need your encouragement to be able to invest into the market again.
My honest advice is that you should take a little bit steps back, learn from your mistakes, see the things you have done wrongly and start doing it right, otherwise you will end up making the same mistakes over and over again. What has really caused a lot of people to make certain wrong decisions in this market is because they never cared to learn and that is something terrible. If you are not ready to learn, then you cannot make substantial decisions for your own good in the long run. Also, you have to understand the mistake you made initially was buying the peak right, then right now that there is a dip, try to buy the dip instead and more dips as the come and then sell the peaks when FOMO kicks in. |
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A second ETF application was rejected further and the market reacted more to it than the first...
A new ETF application coming to happen this month is the one that if successfully passed will be able to make bitcoins go bull run. Will even make it goes up to 23000 by the Eve of new year. For Bitcoin will go way up more after Etf. But the problem is when will be Etf approved. I think in September so just buy btc now. Yeah, wise things to do with your money is to go for Bitcoin investment and if you find its availability on low price then you will have to use less money for more coins and this is better if you collect more in numbers. Current price is below 8k dollar which is considering better for investment that is the only benefit in current market of Bitcoin so we do not have to wait more and should prepare ourselves for upcoming bull market. But we can't real determine why bitcoin is still decreasing , but Im sure the reason is the panic selling and other reason I think is othe, and I hope the following event or anything cannot harm bitcoin but it can help to bitcoin to pump again. We really cant determine on when do declining desist. Somehow, it is a great oppurtunity to buy more bitcoin to have a great profit when the market will pumping up. Yeah, we all know that maximum profit is only possible if you choose a high potent source or product so that you may get big profit from it. Let us suppose Bitcoin as it gives us the opportunity to invest in it using low money as compared to its average price so it most profitable and getting currently in its low market will make you able to get maximum profit in bull market. The price has been under 8k for a long time now. I think its time people get used to the fact that we will be here for awhile and we will not see the price going up any time soon and the 8k price means nothing when it comes to bitcoin because it can go up as much as it can and still drop, there is no sudden price that if it goes over certain number it will stay there and/or the price will start go up suddenly. Like it won't start a huge bull run if it reaches 8k than it will reach 10k and above with a huge bull run. That is not bitcoin anymore, when the price reaches to 8k, it is as likely to drop down to 6k as it was during the 7k run. |
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This has not shown any signs of improvement last year and many people are losing money with Bitcoin that they are worried about investing. So if I think it can be because people buy coins that have high potential, then price increases are also very possible.
People are getting worried because they have no idea how to even be investing in a market, let alone, knowing how to even trade a market. Usually, you should always learn that buying the dips is always the best step to take anytime any day and as long as you know what you are doing, the ability to make good decisions will always be there. Whether bull run will return December or not, no one actually knows, what is important most of all is to just monitor the trend, know how to make it your best friend and make decisions based on every trend change. No one knows tomorrow and I guess until a lot of people started understanding that before we will get to see a halt in questions like this. |
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I think it could be a wise idea for people that accept payments in crypto. For example I get paid in bitcoin for the work I do but if I am going to get payments in more stablecoins like usdt or similar that could be wiser for me in investment sense. Right now sometimes the money I make gets bigger because the price goes higher but sometimes it gets less because the price is going lower. However if I start to accept the stable coins such as usdt or usdc than the money I make stays the same no matter what, if you believe a future in bitcoin that is a bad move but if you believe it will go down that it is a smart move. |
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Here in my country I can freely use crypto as monthly payment for my billings such as Electricity, water, internet, savings, and tuition fee and those altcoins that I can able to use was Bitcoin, Ethereum, Xrp(ripple), and Bch these are the altcoins that being accepted in the exchange we had it here in my place actually.
Good thing to know that crypto has really put to a good use. I know this also since in our country we could also be able to use these crypto in a form of payment. Yet, the only difference is that payment will not be in crypto instead it will be in fiat. So whenever we transact payment with the local exchanges they will convert it to us from crypto to fiat and complete the transaction. I have been using bitcoin to purchase vacations via expedia. I have went to ukraine this past summer and I have paid my hotels in kiev and lviv via expedia and paid in bitcoins for them. I have also cashed out some bitcoins while I was there to spend on some extra stuff I did not foresee, there was too many great restaurants in lviv so I had to spend a little too much because I thought I probably won't go there again for a long time and just go other countries so why not just do everything I can while there. There was couple places that took bitcoin so that was great. Basically my vacations are fueled by bitcoin and directly, not cash out and purchase but really just pay in bitcoin. |
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This is why I prefer trading with predefined strategies most of the time, and automating their execution. This way, I'm taking my emotions out of the mix. I feel like with a well defined strategy that I am confident in that the strategy will be successful so I no longer need to worry about making a decision in a panic.
People are not using money they can afford to lose on investment that's the real problem. If you are investing into bitcoin and you panic sell whenever it goes down that means you are afraid of losing that money, if you invested the money you can afford to lose than you wouldn't have panic selled everything when it dropped a bit. People who invest money that they can afford to lose just watch bitcoin go down and even rebuy from lower amounts to drop the averages and stay calm knowing full on well that bitcoin one day will go up and they can sell than. So just make sure you let everyone know they should invest the money they can afford to lose. |
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I think that now there is little chance that Ripple this year will be able to grow so much in price. Nevertheless, coin is very promising and I expect it to pump this winter
I doubt it very much. It is sitting at 60 cents right now and even with that it was at second in the market and if you think ripple all of a sudden will increase close to 10 times in the rest of this year than you are delusional. For that to happen all of the market needs to increase insanely and make insane returns and bull run the likes we never seen before should come. I do not see that coming anytime soon. Can ripple pass 5 dollar "one day"? Yes it can, but that won't be easy and that won't be anytime soon. It will take couple years for ripple to reach that. Even with a big bull run I think 2.5-3 is more likely than 5 dollars. |
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as of the moment, it cannot, i mean, with all the crisis globally, and that bitcoin is not yet widely accepted across the world, it can diminish though like what you have said, but totally not gonna end poverty and solve the current crisis, there are so many factors that affect world economy but sadly, cryptocurrency cannot solve it, at least today, even cryptocurrencies are not yet stable to rely on.
Bitcoin is not just some magic wand that would all of a sudden just bring a country's economy to a full blown state and it is all about the government, the people and the environment itself. I wonder how people perceive bitcoin when they refer to the changes it can bring to the economy except for the fact that some who are early adopters in such country would get rich and then they will be able to have some pretty good life in the long run, and maybe put up business, schools and whatever to help the economy. However, we should remember that in some places, a lot of people still live in penury, and while some live in wealth, so at the end, if there is no avenue for development from the head itself, nothing will change. |
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That is what we are witnessing now and to make things easier to investors I think bitcoin remain around $6,000 and $7000 is highly advisable. Many investors are going to come into the market because of this and the retail and wholesalers will using and adopt bitcoin if the price is table.
A lot of investors are actually looking within this range to want to get in, as we have seen the way the market has acted for a while between this zone, but at the same time, we also have to realize that this is an important zone that could really tell us the next move in the midterm, as we have been trading inside this descending triangle for a while now and we are trading directly close to the apex of it. Where the market moves next either upward or downward is what would determine where we are going next. |
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This since few months the crypto currency market has been experiencing major outbreak. And starting the downfall of btc and expected the alts coins too. As a trader i feel tension and afraid when the market is slowly going down because of the rubbish market… How about you guys did you feel afraid when the market is going down?
You only feel afraid and call market rubbish when you are attempting to make decisions without knowledge. Sure, there is no way you would not feel a bit tensed if you are just starting out to invest or trade, knowing that you may find it very hard to make some decisions, but the reason why there is stop loss is because the market could actually decide to go against what you expect and as long as the market will always be one step ahead, you have to play it carefully. If the market is slowly going down, all you have to do is to wait on the sidelines, and try to get a pretty good signal based on your strategy before you end up getting in. |
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i think nowaday trading not easy like it before. this year is the bad time to invest
Trading was never easy, the only reason why you saw it that way was because you thought that trading was that easy before was because you probably started trading in a bull market and trust me, even my ignorant granddad will call the shots in a bull market since the market tend to move upward and this is what a lot of people always tend to look at most of the time anyway. We have been in a bear trend, and without some good knowledge and most especially some great experience you have garnered in the past, trading a bear market is always going to be difficult no doubt, so most times, I see it is as a period for only the pros and those who already have some experience and a good one on how to play with the bear market. |
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There is no crash going on. It happened once back when but now it has been going straight and not moving weirdly. Even great green days where ripple made 60%+ and eth made 10%+ and so forth and there are days where it drops too of course.
Right now, we are in a normal market where everything goes up and down, crash means what happened during the days following the December. When bitcoin went from $20k to $6k it was a crash however when it goes from $6.6k to $6.4k to $6.7k to $6.2k and so forth moves up and down like that it does not mean crash.
Just because crypto once dropped people keep thinking we are dropping, how long has the price been at the same levels for a long time ? It has been like this for a looong time.
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