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Gambling is basically either you will win or lose. In trading there is winning a bit, there is winning a lot,
there is losing a bit, there is losing a lot. I mean the chances are if you know how to trade than you will make good returns depending on your knowledge of the market. I feel like they are not even comparable. One is a job, the other is gambling. Trading is income of many people in our world (the crypto world) and they make a living of it, sometimes they win and sometimes they lose but if you are a good enough trader you end up on profit. Gambling is not a way to make a living.
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There are both good and bad ones. I have seen people win big in gambling but I also saw those people lose more than they won because they tought it could happen again. They get enough money to just live off happily for years but instead they get in on it again thinking this time they can win enough to actually live amazingly for whole their lifes like 10k bitcoin or something and end up in minus and in debt. Fair warning, if you ever win in gambling (which is rare) than cash out and leave and don't look back.
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can we really trust Chinese government not to change their mind?
Chinese govt might or might not change their mind but if they do then the prices will be as stable as they are now but if they don’t there will be a sudden disturbance in the market and the supply to demand ratio might be affected and the prices can either rocket high or they may plunge back to 2k dollar mark, No one really knows what is to come so it will be better to keep fingers crossed and pray for the rise. |
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We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
I would argue depositing funds in a bank is even riskier. Why have everyone's private key stored centrally? Also Freebitco.ins 4% interest rate offer is very interesting, but seems a little Ponzi-ish to me. I really don't know too much about their site. That site is actually a ponzi type to me they must have deposited the bitcoin of the users in some other places and now they are giving the profit to its depositors but the fact is they might indeed run away with our coins and indirect money and no one will be even able to stop them, if their investment fails our money will be vanished, the chances are pretty low but yeah things like that can actually happen. |
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With such a large amount of money, you can invest in many different pennies, to reduce risk if you focus on a risky coin you will be very high.
This money could be rather be used to buy crypto having a very low risk attached. If we calculate the risk attached to the top five crypto in the market, we will come to know that those are the crypto that can give some good profits in the green market. Besides, having a diverse portfolio is also desirable because it is something that minimizes the risk attached to the assets. |
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What are you trying to do? trading or investing? Because i still did not get your point on the OP, better to increase your english skills before trying to join in here, because you wont learn anything after all. Better to invest in solid coins.
I am more apprehensive about investing than trading. The cost of investment has been reduced in the current market because it is red and it is most desirable to invest now rather than to hold or trade. Investment right now will give future benefits and will rather help earn big profits like people earned last December. Even in the current dip, rational investors have been holding the coins and not selling. |
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Hello people!
Was looking at CMC and was wondering few years down the line what we will be able to see in this list and how long it will be?
Reality is we are very early in this industry and the pace at which projects are coming up and the technology is changing does anyone believe in HODLING cryptos anything other than Bitcoin and Ethereum?
I feel it's a buzz word used to create a FOMO effect
Hodling is good, but it’s also risky so you’ve got to be careful when holding any coin. You know that the price is always fluctuating up and down so you might lose money in it, especially when you’re investing in Bitcoin. Ethereum is quite different and the volatility isn’t much like Bitcoin, though I feel that much profit will come from Bitcoin when prices begins to go up. |
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Okay so I don't really have any idea which coin is which and which of those are good to trade and which are not.
Since I am currently enrolled in yobit campaign, I figured maybe I can do something profitable with the coins that I get from the campaign so I thought maybe I can start trading.
Do you guys recommend yobit in trading altcoins?
Also what coins do you guys suggest I trade? I want profits and not loses so any tips you guys can give me are really appreciated.
Trading is a good source of profits but it is not that easy, if you're a newbie you better to do a proper research first for you to have a knowledge about trading and on how to distinguish a good coin that you can use for your trading. It is not just starting trading. It is meeting the entire eligibilities to be a good trader. For that, you would need to be a good market observer and must have perfect knowledge about the technology. This will actually help you play the half game. The rest depends on the plan and strategy and that how much efficient you are in dealing with risk and future profit and the trade off between both. |
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I think that statement is too daring. We can never make statements in the cryptocurrency world with absolute certainty. Bitcoin can lose market acceptance at any time, but the blockchain is what I think will stay for a long time.
It is rather a redundant statement because every rational individual know it will not perish because it is wide spread across the globe and besides the fact that it is general acceptable, it has a high market cap as well which is what determine the life of an asset in the market so that for Bitcoin looks pretty long. As more and more countries accept Bitcoin, it will grow more. |
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Invest in altcoins.. diversify up to atleast 3 coins.. thas it..
This is a different but suitable and efficient strategy. Actually if you are putting all of your eggs in one basket then things may be go wrong. What if that basket fall out and you are ending in your investment. Better to play a safe game. Divide your income and get a portion that is to be invested in crypto world. Divide it again and go for bitcoin and altcoin both. This is my favorite plan. |
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Hello Friends...
This is Newbie Here. I Just want to invest in Digital Currency. Anyone suggest me which is the best platform for long-term investment? How can I Invest Online?
I think you should invest in ICX or NEO. It is really very good altcoins and is always appreciated by experts. Many millionaires have said that NEO will be the biggest competitor to EOS and ETH in 2019. NEO's development is remarkable in 2018 and look forward to a good result from them. Investing at the moment is a smart decision. Ethereum and Bitcoin are tow valuable cryptocurrencies in the crypto market which are favorable for long term investment and a person with either Bitcoin or Ethereum can get make profit. Ethereum and Bitcoin both will payoff with maximum profit in high market once we buy in low markets on low price so our collections will decide our maximum profit in high markets. |
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when you do trading, do you always think about this, "buy some, sell some, hold some."
That’s a normal strategy, but if you’re going to be doing it just make sure that you’re buying the Bitcoin or any other cryptocurrency you’re buying at a cheaper rate and selling at higher rate. There is no difference between this and what we are already doing. It’s just like buying when the price is low and Hodling till it goes up so you can sell out with the profit you have made. |
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Concentrated investment also has benefits. You can get considerable benefits from an accurate choice, but the risk of concentrated investment is also obvious. Once this cryptocurrency keeps falling, you will lose all your investment funds!
Of course it has huge risk. In case of market crash, you might have to wait for long to recover the initial value and then approach to profit. In order to minimize risk, you should rather invest in multi coins. You should always have multiple choices to invest by doing research about the top profitable coins in the market. Check out the top five crypto in the market and the risk attached to them plus their returns as well and decide about the crypto to invest in. |
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Thanks for sharing. The most striking one for me is the claim of guaranteed returns or high profit
That is for sure an ambiguous claim. This cannot be promised by any genuine coin because the profit and the loss depends on the market demand and supply besides other factors like risk. You got to research and work a lot before picking a crypto for investing. See the project behind it and the market history. Simply going for coins that are available on low price in the market is irrational decision. |
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I think the BTC price volatility is a result of many different aspects, but the main one is speculation from big players. And it is both good and bad. Good because we can gain our profit by predicting price movement. Bad because there is a high risk to lose our investment.
But any case the market is still young and we shouldn't expect any other behavior. Patience is a key.
i think it is already too lake bitcoin price i do not think that it is going to fell down anymore, i think that now the time is that bitcoin price will once again staring increasing and therefore i think that we should no waste anytime and should get benefit from the current lower price. Because bitcoin price has still too much potential and its price is therefore expecting to increase too much. The market price of the Bitcoin this year was on the lowest state few days ago of about 5.8k dollar but right after that drop the Bitcoin improved a little and improved to 6.2k dollar. Today morning when I checked the market value it was 6k dollar but now after 15 hours the price improved to 6.1k dollar. When the demand rate increases then the price of Bitcoin will also increase in these situations. Price may fall and may not fall in the upcoming days we do not know but we have to bring it under light that those people who are thinking that the market is about to die have to change their minds because we all know that market recovers after downfall. Furthermore the current increase in price also proven to change your minds and negative perceptions. This trend if continues then we will see better days very soon. |
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What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.
I don’t think so. Do you pay tax when you’re working online job? 🤔I have never seen that before in my country where I live. Even I never paid tax before in my country, I believe that only those that are working for the government that are meant to pay tax, cause they are ones that are being paid by the government. I can’t be paying tax when I’m working to survive on my own. |
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I think, it's difficult for bitcoins and altcoins to be legalized sinced there are no regulating bodies that handling and managing this kind of business. And that's the reason why it is not been recognized by some countries because of it's volatile and it's anonymity. Just own opinion.
The legalization of crypto will be a very positive step because it can help the people to stabilize their financial conditions; also it is modernizing the people of the world. The major reason for banning of bitcoin is tax and in my opinion tax can be imposed on bitcoin if the government helped out, this will improve the economy of both(the country and bitcoin). |
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the same disappointment happens to me , but don't think about it to much , it may be more than it as in Dec 2017, so keep a positive feeling about it
It is once said by a wise person, who have got lost in something and quitted, petty on him. This is the way where traders deal things. They don’t look into some failures as failure anymore once they encountered with them. Despite of their loss of money and emotions, they keep all of this as sensible learning and they implement it in very next movement and earn good results. |
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When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?
In trading we can't maintain a perfect strategy it will change according to the market condition.yes it is like gambling but not completely here we need to have skills as well to become successful.And then don't be too greedy accept that what you made from your investment and look further for the future trades. This is so important for every trader to make its strategy flexible. Many times we don’t know the coming prices and plans of bitcoin. Although you have covered every possible left right with good risk management but still things are laws doubtful for you. So better is to work and construct a strategy that can be flexible and move accordingly. Things can divert from designated path. |
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There are many crypto gambling sites available with group of games at one site and different sites for different games so it is your choice to pick the site based on your desired game.I consider fortune jack is one of the best reputed site on our forum and it also consists of many games.
Well, things aren’t that much easy here rather weird. As newbies are coming here and they are reading these comments and I am sure they might get a little bit good picture of gambling as you people have displayed to them. Peoplebelieve me, this is the worst game that could ever be played. You can’t just make it right with it. Your lives would become destructive if you get in her. |
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