Winnings and profits in gambling and trading is quite different, $2 on one spin in any casino game can let you turn out to be richer in within a second, whereas trading with $2 can eventually take you time before achieving your goal except for the long term hodlers. (....)
But in trading, it can be more profitable once you already into it. Like learning some basics and you are really posses in trading. You can learn about it and it will turn out not a lucky-based way to earn profits, not the same with gambling which is purely lucky based. There is also risk management on trading, in which you minimize your losses and maximize the profits.
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If I'm not mistaken this is a critique of Bank of America dealing with its clients in a circular manner. Now, they think the price of bitcoin is easy to manipulate. (....)
I don't think they want to say about manipulation, it can be more close to volatility for me. Since we all know since the beginning, Bitcoin is the most volatile asset, we already experience a huge dump from all-time-highs and parabolic run for Bitcoin, which we can consider Bitcoin got huge volatility. Which that phrase they will use against Bitcoin to their clients or other people, like they will lose their money on Bitcoin because of volatility, etc.
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Note to everybody: It is a THEORY that can be considered as a belief or practice by other people. But OP still got some point, sometimes our emotional decisions may affect how we decide in investment or having poor of decision, like changing everytime, no plan, and does not stick to plan at all.
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Those data from centralized can't be trusted somehow, it just a number provided by the respective exchange at all, they may provide less or more volume, I believe it is not that accurate somehow, some exchanges can manipulate those.
But the thing is it is good news that the trading volume of cryptocurrencies increases and surpassed the South Korean stock market, we still lot more room to grow especially on trading volume, I belive it will still increase in the next few months.
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Just think about why Tesla, MicroStrategy, and other big companies bought only Bitcoin for their balance sheet, why not some altcoins? One of the reasons why those big companies choose Bitcoin is could because Bitcoin is already proven that can become a store of value and with inflation can be avoided as time goes by.
That's why owning Bitcoin even a small amount is very important to me. To be honest, my portfolio's most allocated size is on Bitcoin, some others are altcoins.
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I think this is the first project that the product/service is a hardware wallet that got its own token. It's kinda unique but for me, their competitors in the hardware wallets industry are not ordinary. The $5 is kinda possible, but I don't think it will happen in short term, it will take more time. As I remember, I saw some article before in which some security group found vulnerabilities or flaws on Safepal hardware wallet, they are still a lot of work to do.
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The strategy here is not on the game instead, most of the games are the same input and output, different play only, most got the same risks. I believe that the strategy will work on how you bet, like bet amounts (increasing/decreasing) since the probability is the same for most of the games. There are different strategy just like Martingale, reverse martingale, anti-martingale, d'Alembert, Fibonacci, etc. P.S. Using these kinds of strategies will not guarantee profits, it is still a gamble and you may still lose funds.
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The Stock-to-flow model is one of the best models so far. It is proven for the previous price action of Bitcoin especially on every bitcoin block halving, where we can see the price of Bitcoin increase every after of the block halving. The $288,000 is very possible for the end of 2021, but it is the early part for expecting it to happen, and on that level, we could stay within that range for more years, like up until 2025 sideways.
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Hi guys. Kindly explain me how to start the tardine work and how to handle it. Kindly share your suggestion. (....)
Here are the basic things that such as follows: 1. Sing-up or create an account in any of the Exchange site platform like, Binance, Kucoin, Bittrex, Bitforex, Hotbit, Bithumb or depending on your choice. 2. You need to have capital investment or if you don't have any money or capital you still have an options in which you need to join in any of the bounty campaigns, but need to spend time and effort first. (....) There are some exchange that got their testnet, which that testnet can be used to practice a trade such as on testnet network of Bitcoin, where you don't need actual Bitcoin from mainnet network to deposit it on their testnet exchange, where you don't need some capital to start trading That's why I can say it is much better to use for beginners who want to practice without losing their money. Examples of exchanges that got testnet are Bitmex and Bybit: https://testnet.bitmex.com/ ,https://testnet.bybit.com/en-US/ . There are still a lot out there.
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Are still some people who are falling with that kind of scams? It's already 2020, those scams in Twitter are already aged if you are already in Twitter before especially on cryptocurrency part.
But we can't blame newbies for falling to it, they are extremely vulnerable to these kinds of scams.
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One of the reasons for having multiple online casinos is because of the bonuses, right? Because it is one of my reason besides the user interface of different online casinos, most are the same flow or some similarity of user interfaces. But I don't think there will be disadvantage of using multiple online casinos, as long as you got the funds to deposit
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What is/are maybe the reasons for becoming a store of value?
I think what people must say the reason is "as long as the asset goes up only, it can consider a store of value". It is also what I think, just like Bitcoin. But Bitcoin is different, it is kinda made just to up only, since of the total supply, the mining rewards, and block halving event of it.
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OMG, I am surprised by this. We all know that staking is also like gambling since you cannot be guaranteed sometimes profits, there are also some staking that needed pools and some may result in impermanent losses, then it is still Haram. It's kinda confusing for some since there are a lot of ways that are kinda doing gambling, just like buying cryptocurrencies or stocks, but as far as I know, it is NOT haram but at the same time it is like gambling since you may also lose your money.
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(....) a) why it goes so downhill after release? all ICO sell it or what is this a sign of? are all coins with chart like this (first price high, then fall down) a sign of something not going well? (....)
Once a shitcoin it will always a shitcoin. Even there are charts that are telling, once the coin started to decrease volume with no increase, and no update at all on the project, it will gonna be probably be playing by the founders, like pump and dumps. (....) b) what is this enormous high thin peak? some transfer to exchange or? 13th August 2020: 0.03USD -> 13 USD -> back to 0.03USD
Make sure the data is right, maybe it is just a huge wick played by some random whales which just want to attract small fishes or newbies in some random low volume exchanges, there are lot of them, they are just gonna do some pumps and dumps.
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Elliot waves and some candlestick patterns are useful for scalping. But recently when I did some scalp trades, I tried to use Bollinger bands, which is kinda useful too. I just watched it from Youtube before on how to use Bollinger bands, it is a newbie-friendly indicator that may help you to find a good trade entry.
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So what do you think. Will it get finally approved or yet again denied?
Well to be honest if it gets approved we will definitely see a a big pump, but if it gets rejected or SEC extends the review period, I don't think there will be a any major drop. (.....) If this will get rejected, it will just become normal. Over the past years, we saw multiple rejections from SEC for some Bitcoin ETF applications and people started to treat it normally compare to the beginning of Bitcoin ETFs, where this is a kinda a big deal for everyone and it became a FUD for some people.
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Didn't VISA and Mastercard say the same thing last year? And then the previous years they put a ban on buying crypto using their cards, right? They all seem so confused and lost. They can't even come up with a perfection solution or a decision. (....)
Just be thankful now, at least they changed their minds and started to adopt Bitcoin. It's normal at the beginning to have doubts, they are also like some people who are being FUD. For now, let's just celebrate this good news. I think this will take some time to begin another feature of Visa.
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The funny thing about what I experienced with gambling before is the dice game. It's kinda automatic to roll even you lost your internet, you just can't see the result immediately, but after few seconds you will able to see the result. And before the result was a win and increase of my account balance.
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(.....) If you do see some good coins that is hitting their bottom today, that can be a good entry price.
It is also risky buying the bottom since you can't guarantee if that is already the bottom, it is like catching falling knives by buying the bottom. But some are also using the term "buy the dip", which the dip gonna be a bottom too, if you are buying for the long term then buying every dip is good with dollar-cost averaging. Speaking of the companies who keep buying, I don't think some of them will try to sell their Bitcoin for this year or even this bull run cycle, they are for the long term.
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Thanks for the responses guys, still not sure if at this Ath price is a good entry though, seems very risky, considering was trading below 50c 3-4 months ago, still dont see any real significant progress apart getting coin on Japan exchanges.. if links to companies which have whitelisted coin available please post.
Very risky to buy now for me, it is ranging on previous resistance of BTC pair since last March 2019. If ever I will buy this altcoin, much better to wait for a good entry. It's kinda on the peak right now, for sure this will do some price correction, all you need is to wait and have patience.
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