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421  Economy / Gambling discussion / Re: Do some gamblers actually win? on: April 22, 2020, 04:26:52 AM
If you gamble for short period of time then you may win something. Only the gamblers who keep on trying must be losing always and I guess once started gambling, it would be too hard to finish off gambling shorter.

This is because of losing their control over all the actions of gambling. Unlike we must imagine/assume gambling also requires lots of dedication and accurate decisions and when you missing them due to emotional failures then you may face losses. All gamblers when keep playing for longer times may commit mistakes which may lead to losses.
That is why should always evaluate ourselves before we o gambling, there are a lot of people who losing control to their decisions because they cannot handle their own emotions. Their expectations are eating them alive that makes them to become addicted to it, we should know whati s our purpose when do gambling. Is it to earn money or it is to have enjoyment?

If our focus is to earn money then we should treat gambling as a serious matter in order for us to handle the risks carefully and make money even though the risks are high. There are gamblers who experiencing huge losses because they keep committing bad decisions, I do not say that mistakes are bad but when they do mistakes, they are not finding the lesson and that is the problem. When we committed mistakes, make usre that we find the lesson from it.
422  Economy / Speculation / Re: Should I sell bitcoin now? on: April 22, 2020, 03:23:27 AM
Who really says bitcoin is going to 3k? I mean I am checking bitcointalk every single day, I read almost all topics every single day as well, and I do not see a single person who says bitcoin will go to 3k. All I am seeing is hopeful people who are buying bitcoin because they think bitcoin will go up before the halving and maybe even after the halving as well, which is why we are seeing bitcoin increases constantly.

Definitely, it peaked over 7.2k recently and moved under 7k again, however those are regular market movements that we can expect all the time, nothing too serious, and considering the message was on 11th April which was almost 10 days ago, we can say that bitcoin prices are stable and nothing will happen to them at all, as you can see nothing happened to it in the past 10 days neither
It is just a pure speculation that is why he think that the price of bitcoin will go beyond $3k per each, we should not believe on the tips or opinions of people all over the internet and also if we are going to make decision; we should not consult to the public because it can make us to suffer losses. We can make better decisions by relying on price action alone, by reading charts and analyzing trends; we can have a better decisions that can make us to earn profit in the market. 
423  Economy / Trading Discussion / Re: Using Stop Loss in day trading? on: April 22, 2020, 02:33:37 AM
For day trading stop loss is very must but it should be at minimum level like 10% or 25% based based on your risk estimations. You may quit at stop loss and may enter again in next hour when your technical analysis support you to do so. But, if we do not use stop loss then we may need to keep on waiting which must be killing the concept of day trading. Day trading is all about finding the results within a day hence using stop loss at minimum risk levels makes sense.

Personally I do not day trade cryptos but I was into day trading commodity derivatives. For the newbie traders, it would be much better to day trade with least capital and then may think about using stop loss things. Because with small capital you may get exited before you think about as crypto fluctuations are too wide now a days.

10% SL would be the maximum when it comes to day/active trade yet we know that established coins like on top ranks will most likely have that 2-5% movement for a normal day
but if there were some news then expect that it would break or trigger out that SL. 25% is too much imho or just too deep.When i do active trade 5% would be maximum.Yes, it might be thin but
i cant afford that much, there are trades that doesnt need some SL when you do swing/trend ones so its  would vary or depend on you.
For day traders, the stop loss should be tight in order to manage the risks very well. For me the ideal invalidation level or the stop loss level will be -4%. If our bias didn't happen then it is better to cut our loss immediately in order to protect our capital. Having a stop loss is not required but it is important especially if you want to be a better trader. Discipline can build by following our stop loss so it is really important to have stop loss because it is part of our risks and management.
424  Economy / Gambling discussion / Re: This guy gambles and wins a total amount of £400,000 and quits while ahead. on: April 22, 2020, 01:03:45 AM
Lastly there’re two important lessons we all can learn from him, 1) quit while you’re ahead and 2) don’t splurge your winning fortune quickly spend it slowly and wisely.

Honestly, these 2 lessons are just simple but difficult to do.

In my case, if I won a life-changing amount, surely I'm still on my mind to put it on useful things such as business, real estate, etc. and began securing my savings. But impossible for me not to allocated some of those winnings in gambling since as always, "why should I stop if I won". The mindset of lightning can struck 2 times is always in a gambler's mind.

It now depends on how responsible these big winners will continue their gambling activity. I'm amazed at the person in the subject that decided to stop. He just really tested his luck that time but not actually treating gambling as a regular activity to the point that he always gambled. Also, the reason why he able to easily quit gambling before.
There is a mindset that called as "always win", gambler who won big amount of money thinks that they are not vulnerable to losses and that is why they gains are come to waste. Consecutive winning doesn't mean that you are not vulnerable to losses, we should protect our gains and it is by doing risk and management. Our mindset should will also good because it is bad if we always thinking about winning and not losses and that is why we there are some gamblers who regretted their past decisions because they are not prepared face unexpected situations.
425  Economy / Economics / Re: Collapse of crude oil prices on: April 21, 2020, 01:24:03 AM
What the hell is going on, I thought it is just a some sort of bug but when I read the news I found out that it is true. This kind of event will be written in the books for sure because it is not normal to see that the demand of oil will become negative, it is really first time in history. The panic is real and I know that there are some institutions and companies that experiencing now a bankruptcy because of what happened. Anyway, there is a opportunity and we should be ready especially if we will go to long position.
426  Economy / Gambling discussion / Re: Right time for gambling addicts to come out of addiction? on: April 21, 2020, 12:15:49 AM
I'm very sure all of gamblers out there are staying at their home waiting for an announcement about the quarantine. They are maybe having lucid dreams about playing poker and other games lol.
Well, it should be, they have no choice than staying at home. Too risky for them going outside, and remember that the physical gambling places are closed temporarily. But I think they don't need to dream playing poker or other gambling games, there is online gambling sites providing the same games as physical places have. As they are gamblers, I bet they don't need a long time to learn playing online gambling games.  Grin

People should really stay away on playing outside and should stay home for the sake of their lives.We know that we can play all we want after this pandemic ends and also there were no open gambling places atm so its still useless if you do seek out for you to play and also there are online games which are indeed a better option for you to take.I know the experience wont really be similar but as long you do seek for entertainment then it would
be a considerable option for you to take.If youre already addicted then you will surely play no matter what.

Gambling addicts will always find a way how to satisfy their desires in gambling. And right now, their only option is via online gambling. I believe after this pandemic is over, many of the players that are playing online will stay online as they will find out that there are a lot of benefits playing online. Also, it is really not safe to roam around even after lockdown as there are still silent virus carriers. Unless, you have already the vaccine for this virus and that will not be available in the next coming months. We have no idea when will this vaccine be offered to public. Until then, it is better to play online rather than risk your life outside.


But there are gamblers who cannot satisfy their desires because they are used to play in crowded casinos. Unfortunately, most casinos are closed because of the quarantine. Anyway, there are now gamblers who are now preferred to play online because of the convenient that they can get and also less hassle where they can play even if they are in the house.

It is not advisable to go out because of the threat which is having the virus, for those who cannot control their desires to play in crowded casinos or to play with some players or friends; it is better if you will play online than to play physical. During this lockdown, we have more time to our family and our self that can help us to lessen the addiction that we experience in gambling.
427  Economy / Speculation / Re: Bitcoin Halving 2020 and Altcoins on: April 19, 2020, 06:44:57 AM

Just my own opinion about this one, its really hard to tell on what would be the situation in upcoming halving event and since we are still on a difficult situation
i dont really expect that much.

It's interesting to see what would be the market like at this situation, imagine halving in the time of pandemic, this is so far the biggest challenge Bitcoin will ever face, but I don;t see Bitcoin crashing after the halving now that the market is stabilizing, thanks to the good news we are receiving about the vaccine, time now is what the world needs to come out with an effective vaccine.
This kind of event is rarely to see and that is why many people are excited, majority of the people saying that the bitcoin will go up while the pandemic still on going on but I'm with the side of people who think that there will no significant effect especially to the price of bitcoin even the halving become successful. Halving is good but the thing is different because we experiencing global crisis and it has effect to the cryprocurrency market.
428  Economy / Economics / Re: China will rule world as economy king after crisis end? on: April 19, 2020, 02:56:16 AM
As we see everyday many people are dying every day in Europe and America and their economy is going down every day and economy specialties are guessing that the USA will lose his position as economy king and china will take over and we are already seeing that china economy didn't drop much and there already making money in this crisis.
Well, we are not 100% sure about this. But there have been some theories that China have planned this for a long time and were the cause of it. I am not sure if what people are saying is the truth, but I have seen a lot of people that are saying this on Twitter. And I also saw news on Twitter that the Chinese were buying up lots of companies in Italy, does anyone know whether this is true or not?

There are lots of things that have been said about this and if you look at everything that has happened, it makes it seem like they have planned the Coronavirus pandemic and released it to bring down the world economy and grow theirs. I wouldn't like to believe that tho'.

"Never let a good crisis go to waste" and the Chinese didn't waste it. If other countries buy companies from other countries they will call it an investment.  But not a plan to take over.

If the Chinese had planned it, they wouldn't have a ton of dead meat there. If the media says they lie about the numbers of death in China, they can't know all the truth of the number of death since people are afraid of quarantine and they hide themselves to death, it happens in many countries today. None of the countries counted their deaths correctly.
It is just a theory and there is not yet proved but if it is true,  then the Chinese government is really sucks because they hide the important things in order to protect their reputation. People who speak the truth in China are become missing, I do not know why the Chinese government are so evil to do that. The freedom of speech there are so doom where if you criticize their government, you will be punish. The china is gaining more power all over the world and it is the reality.
429  Economy / Gambling discussion / Re: Crowded Casinos - Play or not? on: April 18, 2020, 11:50:20 AM
Is it as busy as a real casino?  It was a surprise to me, because in my place there was no casino.
Playing gambling with the crowd like the picture in the OP in my opinion will only make our gambling concentration disappear.  If it were like that, I might never go to a casino to get away from such a crowd.
And I will decide to play online, considering that online gambling is classified as a lot.
Yes, actually it is the same as we have in our country especially if it is holiday season, like last year, it was before up until after the Christmas season. The casino is really crowded like everyone is having fun.
But you know, I think the same way, the concentration of most gamblers might not be there but what is good about going in a casino like that is this crowd brings too much fun and you can get to know more gamblers. The essence of gambling while having fun with friends is in there.
The feeling is so different even if the casinos are crowded, I play slot machines and other table game like baccarat and poker and the excitement and the experience is really a different unlike in playing online where you just touching your screens. I do not say that crowded casinos are much more better than online casinos but the the experience are really different. But there are disadvantages like today where the virus is spreading and it is better if we will stay away with the place that are crowded. For those gamblers, it is really better to play online casinos nowadays.
430  Bitcoin / Bitcoin Discussion / Re: Beware of fraud crypto analysts! on: April 18, 2020, 08:39:45 AM
The main problem is; most of the newbies and those dumb traders are often believing and following the tips of those self proclaimed crypto analysts and gurus in all over the internet. They are vulnerable to losses because they do not know how to read charts and analyze trends.

Observe most of social media platforms specially telegrams, there are many crypto trading signals groups and pump and dump groups that are victimizing newbies in the market. I recommend specially if your knowledge is still not enough, focus on acquiring knowledge and do not believe to those self proclaimed crypto analysts.
431  Economy / Trading Discussion / Re: Which is Best Trading or Freelancing? on: April 18, 2020, 03:28:06 AM
Different skills, different technicals and criteria in order to be consistent in freelancing or in trading. Both are good but you must focus on what is suitable for you, in order for you to find what is good for you; you can test both and find out what is more profitable. I'm a freelancer and also a trader but most of a time I'm a trader. I focus my time on it because it is where I generate huge amount of profit unlike freelancing is just my side hustle.
432  Economy / Gambling discussion / Re: [ BOXING ]: Fury vs Wilder III in Las Vegas on 18th July 2020 !!! on: April 18, 2020, 02:04:25 AM
These boxers are eager to go to war As well as Wilder says, I wish him the best of luck because a second knocked out that he receives for Tyson Fury can be devastating.


Not only they, but we are also eager to see who will win their war, I hope this pandemic will be over before the fight and they are both in a good condition, I hate to see anyone of them lose the fight and blaming the pandemic or any one of them catch the virus, the world needs to see an ultimate champion in the heavyweight.

I don't think this match can be played on scheduled date in July. Due to coronavirus, as every other game is suspended, this match will likely to be moved later in the year.  Tyson Fury v Deontay Wilder rematch may be moved to October

Obviously, not even October is a viable schedule for this fight, let alone any sporting events for the matter.

Simply because the infection can't be control and there are no vaccine as of yet. The October date might just be a projection, but if everything has not settled down then I doubt that the governing body will allow that fight to be stage, the risk is still too high.
For sure that the fight will be postpone because of the community lockdown where people cannot go in the stadium to watch the fight. Even though the fight is a big business, they should really postpone to prevent the spread of the virus. If the fight will be continue in this current year, my chicken will be Wilder. Fury is the favorite of the crowd because of his humbleness but the third fight will be the most greatest ever. Wilder for sure is hungry for victory because Fury managed to defeat him. I will bet average amount of my bitcoin but I will manage my risks very well.
433  Economy / Economics / Re: a disease or a virus or is there business in it? on: April 17, 2020, 10:39:10 AM
Is there any chance that when the corona virus appears, some scientists have discovered the antidote of the virus itself so that there is an element of intention regarding the spread of the corona virus because there is a business element in it so that the antidote for the corona virus is sought after by many people, this is like a film about spreading viruses that can kill and destroy the economy globally. what do you think about this?
This is a fairly reasonable conspiracy theory. I do not mean to say that the Chinese government is cruel, but there have been many articles about this economic virus. After the US cracked down on import and export duties, it is likely that China must create this economic virus to punish them. because in America they don't have the culture of wearing masks, as well as being very subjective about the epidemic this time. That is why this corona virus specifically affects such economies. It seems that they have succeeded in making the whole European economy hard while they have very good control of this disease. Let's discuss this conspiracy theory, I really want to hear about many other ideas.
Of course there are some companies where they see this kind of crisis in order to earn more profit like manufacturing companies. If there will be a vaccine that will be invented, for sure that it is a billion dollar industry. Those manufacturing companies of PPEs and masks are also have now a lot of profit because of the demand of their products. There are really a lot of theory where they say that the Chinese really developed the virus to governed the whole world. The economy is now start collapsing and many countries are affected even the most powerful countries like US.
434  Alternate cryptocurrencies / Altcoin Discussion / Re: Will coronavirus encourage people to use crypto more thoroughly? on: April 17, 2020, 04:09:12 AM
There is a possibility that if the pandemic continues and the lockdown too, I believe majority will source for alternative means of making money and also sending to family and friends which is using bitcoin. So I believe if the pandemic continues it will result in the global acceptance of Bitcoin but we don't pray for the pandemic to persist

Let's hope that the pandemic doesn't last for long. But if it does, you could expect people to look for new ways to preserve their capital. Trust in the world's banking system will be lost as central banks and governments continue to inflate national currencies. The only safe-haven assets for times of need will be Gold and Bitcoin itself. Most often, Bitcoin is compared to Gold because of its scarcity and censorship-resistant properties. No one controls Bitcoin, just like it's the case with Gold today. Now that people are practicing social distancing, they will become more interconnected in the online world. It's up to us to encourage the adoption of crypto like never before, in order to decentralize the worldwide economy. But if we're sitting ducks, we cannot expect people to become aware of an alternative financial system that's free from the likes of central banks and governments worldwide.

The ultimate decision lies on the person himself. Some people will still use Fiat over crypto, because it's largely accepted as payment method in the mainstream world. Others will use crypto more thoroughly for daily payments because it's outside the scope of third-parties. Depending on situations in life, will be the currency to use for mainstream transactions. While Fiat can still be used online via credit/debit cards or a payment processor like PayPal, crypto is still a better solution for fast and cheap payments (depending on which cryptocurrency is used).

Nonetheless, governments are starting to explore CBDCs more thoroughly during the pandemic. If they begin rolling out digital currencies to the world, it would greatly benefit the adoption of crypto and Blockchain technology as we know it. Time will tell us what will happen with the entire economy once the pandemic is put to rest. Just my opinion Smiley
For me there is no safeheaven investment even bitcoin and gold cannot be considered as safe investment. The value of bitcoin and gold were recently dumped when the crisis is started. The safeheaven is really not existing because all of the investments have risks after all, it is us who will manage to handle the risks very well. I think there is a chance the this pandemic will lead for other people to use cryptocurrencies in their daily lives.
435  Economy / Trading Discussion / Re: Does anyone trade successfully with Volume, Momentum and Orderbook? on: April 17, 2020, 03:04:55 AM
Its called fundamental analysis.

I'm writing the scheme of this method on my local board https://bitcointalk.org/index.php?topic=5231845.msg54003395#msg54003395

But only work on low volume trading coins/token, cant really works with major coins so basically a "shitcoin". Went doing this im using a few steps like:
  • Percentage change each day/weeks.
  • Orderbook to determine support/resistance zone & target.
  • Volume trading to determine how much money im gonna use for the trade.
The trade with this scheme would not be constantly its kinda hard to find the suitable coins cause i need to do due diligence before doing the trade on that coins/token.
That is not fundamental analysis because volume and reading orderbooks are part of technical analysis. Volume is a important indicator because it tell something where it can give a glimpse where there will a reversal or if there will be another momentum. There are many uses of volume, I usually use it if I will trade a coin especially if I will range trade it. Fundamental analysis is all about tips, news and rumors around the internet. the analysis that you should use depends on what is suitable for you.
436  Economy / Gambling discussion / Re: Casino workers, asking for salary during the shutdown on: April 17, 2020, 02:09:15 AM
Offline casino entrepreneurs surely confused about this...
Paying employee salaries is a worker's obligation according to the wage and labor agreement but the current conditions are different. Workers do not work, as usual, not paying a full salary is the best solution imo.
With no work no pay setup employers are not obliged to pay their employees though the situations / crisis force everything stop both employees and employers are not prepared to this situations, helping is also not prohibited and if you are caring with those people who are in need of your help employers will give something if ever they can't provide the whole amount they can still give or provide something just to survived.
For sure that their management didn't foresee this kind of scenario, there are many people who losses their job not only physical casinos. Most of the small entrepreneurs are the one who are really affected because of the pandemic. The government should help their citizens especially those poorest lf the poor. The casinos employees should also received payments from their management in order for them to have money that they can use to spend in necessary things like food and water.
437  Bitcoin / Bitcoin Discussion / Re: We are having the difficult time, are you still a Bitcoin HODL? on: April 16, 2020, 10:44:34 AM
Judging by the statistics, there are more bitcoin holders now than in 2017. I’m talking about the ratio of wallets with a balance of more than 1000 BTC in 2017 and 2020.
We can make an unambiguous conclusion that major players continue to recruit positions this year.
I think this is a good sign, even if we do not see growth this year, large players are clearly preparing for something.
in fact, there are still many people who expect the price of bitcoin, and altcoin to rise. because of this, I conclude that there are still very many people holding their assets now. although the conditions are still unstable, but I think a good signal, halving, and other information will lead to an increase in the price of bitcoin. hold bitcoin and altcoin we have today.
There is a new statistics that most of the people who hold cryptocurrencies are the one who are vulnerable to losses.  In these time of crisis, investors are most likely to withdraw their investments and convert it to cash because of the global panic that can affect the price of the bitcoin. I do not hold but I buy bitcoin to trade it and not to keep it in my wallet. There are short opportunities that I want to ride because it is what I used to do and that is why I do not hold today.
438  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto is not in healthy state yet on: April 16, 2020, 09:21:07 AM
Crypto market conditions are not yet in a healthy condition because the price movements of BTC and altcoin have not risen significantly due to the Covid-19 outbreak. However, we hope that the Crypto market will improve as soon as possible, because in a month BTC will be halving and BTG will be halving in the next two days.

I agree with this. That is the fact about the crypto market, but we still have much time to see the crypto market will be back to the higher price again. However, the halving time for bitcoin will give a big impact to the crypto market, and maybe that will be a good time for bitcoin to back to the higher price. Although we don't know when the crypto market will become healthy, at least, we still have a hope that everything will be okay, and we can survive in these situations.
It is just pure speculation , I'm sure that most of us are still not sure on what will happen after the halving. The current market is still not in healthy state because we can see that in the chart where lower higs and lower lows that are keep forming and it is sign of weakness. We should manage our risks very well especially if we want to survive in this kind of situations. The market will become healthy again but we need high patience because it takes time.
439  Economy / Trading Discussion / Re: What is good amount to start day trading is 100$ enough?? on: April 16, 2020, 02:06:01 AM
How many times one can loose all his trading accounts before really start trading and earn.

I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
There is nowhere it's written that everyone must be a trader lol. If trading is not working out for you, don't you think it's time you take a break from it and focus on other things? Or maybe you can take time out and use it to learn more about trading. It's not an easy thing, it requires a lot of learning.

There are more that you will have to learn to get better in trading, and technical analysis is one of the things that you will have to learn. And sometimes it just doesn't work, there are times you will study the price using T.A, but at the end you will still be disappointed. My advice is that you should take a break and first of all learn it and after learning, you can go back and give it a short again and if it doesn't work, then it's time to quit.
Break is not what we need, we should focus on learning for us to have consistency in the market. $100 is good to start trading but we should make sure that we can protect with our knowledge. Newbies are mostly losing in trading because they do gambling and not trading, what I mean is they are putting money and they do not know what they are doing and they are simply doing gambling. If we lose in trading, that's fine as long as we get experiences and we know our limitations.
440  Economy / Gambling discussion / Re: Some casino gambling tips. on: April 16, 2020, 12:27:26 AM
It's easy to say to limit the funds that you carry when gambling but it's not that simple to follow it once you are a compulsive gamblers. I've seen some people who's already in physical casino yet they don't quit that easily since they would return to their house just to take some money and get back again to the casino. That person is literally out of control since it actually chase some losses.
It is because they do not have good risk and management, those players in casinos have different mentality. Based on my observation, they are just playing and their mentality is always to win. What I mean is they are just expecting win and not losses and that is why there are psychological effect to them especially if they lose huge amount of money. By managing the risks, they can control themselves even if they play in physical casinos.
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