Those who have invested in the virus before have made a profit but it is foolish to sell it in panic although the price of currencies decreases, the value increases over time. We have learned a lot from covid but there is no guarantee of when it will end when the price goes down it's time to hold on efforts to avoid such disasters have led to unprecedented calls for social distance, forced lockdowns and closures. Schools and businesses will try to limit COVID-19 transmission we must always avoid it.
The lockdowns and restrictions that are happening because of Covid-19 pandemic caused a great deal of damage to businesses. Yes, it is correct that this pandemic taught us many lessons such as the timing of selling of assets. But, of course in these unprecedented times, faith in whatever we are holding to like hope for recovery, belief in God’s grace and many more are also being taught to us. Despite complying with the lockdown the business is not improving it is not possible for business to rise until the economy rises. The economy is going downhill to keep everything off workplace conditions will get worse the covid man has learned a lot and is able to control everything even when it is off. Agreed, the majority of the business's capacity works only about half of the time, so it is really half, and it is extremely difficult to travel to other places, which has a significant impact on the business. You are correct that if the economy improves, all businesses will follow, but for the time being, it is extremely difficult due to the ongoing pandemic. What I've learned since the covid is that we should save. A lot of people, including myself, have lost their jobs, and it's really difficult if you haven't saved any cents to spend on your needs. It's also very difficult to find a job, so the best thing to do is have a savings that can last 6 months or more so that you can prepare well incase of this kind of emergency. |
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Currently, my working time is 100% online, in addition to making money-making videos on youtube, I also do online money-making campaigns, sometimes working all day for more than 10 hours and playing games that can be invested in. make money like aixe, so everyday for me is almost 100% making money online, a month profit is about $ 250 - $ 300 depending on the month but life is stable during this covid season
That's good to know that you've been maximizing your time and making money online. Is $250-$300 is just an estimation or it's a firm amount that you're earning online with those activities that you do? When you say 'aixe', I think that you meant to say axie, right? AFAIK, people who got it are earning more than the amount you've said per month. It is axie indeed since its currently on hype now and basing on the amount then it is usually the amount that a certain person could earn on that game as a scholar so i presuming that it is likely he's talking about that game which i could say that it could really be a life saving into this pandemic situation but depending on which country you do live in because value of $200-300 isnt really that much when you do live on a 1st world country but if you do live on 3rd world then that would really be a significant one. Hmm, yeah as a scholar there's a portion that goes to the owner and to him, maybe as a scholar and that's the amount that he's getting. Not bad for having no investment at all but only your time and effort. Yeah, for first world countries, that amount isn't a lot but it's helpful for those developing and the rest of those countries next to it. Agree most of the rate now is 60% for the manager and 40% for the scholar which is really good because it is above the minimum wage in our country , you are earning by playing and it is not really stressful if the servers are okay. I am also a scholar which is really thankful the truth it is bigger than my salary in my current job and it takes less time which is i am very thankful, I saw some scholar is not thankful to the manager because of the percentage of their cut in earning but imagine the manager spend a lot of money and you are just play. |
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Rich for me is someone that has a lot of excess money and have a lot of cashflow. In philosophical definition, for me a rich one is soneone that has done that he/she wanted to do in his life in shoet, someone is rich if they didn't have any regrets in life.
Yes right, no regrets in his life. Rich without the burden of debt, able to meet all the needs of himself and others. There is joy in it. I think everyone wants that . From now on, we will continue to learn how to manage our finances so that we can achieve what we want right now. And grateful after that happened. You make an excellent point, but we all have our own perspectives on what it means to be wealthy. The most common are having a lot of money in their bank accounts and pockets, owning a mansion, owning a sports car, and being able to buy whatever they want. However, if you ask a pure heart person or a poor person, they will define wealth in terms of food, such as being able to eat three meals a day, owning a home (not renting or squatter). My own definition of wealth is having a modest home, a car or motorcycle, and enough money to retire. |
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Taking too much risks in trading and investing is a form of gambling. High risks taker might be luck to make good profits in certain trades while the rest could lead to bad luck.
I agree that the luck takes a part of your success but do keep in mind that you should not rely on luck. Your skill and your decision could make stuff different than what you would have thought. But, assuming that high risk investment means gambling is kinda stupid for me. Gambling is 100% luck compared to investment where investment the research and your decision are reasons why you get the profit. Dealing with easy m0ney or simply with HYIPS is just suicide and only fools who do only believe on this one and even think that they could really get rich with this one. Just let them be into those people who do really believe initially because sooner or later they would really be realizing on how hard to earn money and not just really relying with luck because you are just basically doing gambling if you do have this kind of behavior and also this is why lots of people get victimized with scams due to this kind of mindset but once you do gain experience you would realize everything., Agreed, but we all knew that when we were newbies, we put our money into HYIPs because they were not yet well-known and we believed that we would make a lot of money in the long run. We initially believed it was the only way to make money and that it was also very simple, which it is not. People want easy money with little effort, which leads to us losing money and being scammed. But now that people are aware of it, scammers are becoming fewer as they are unable to make any money. |
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Rich or poor doesn't determine how easy you hold a crypto coin. There is no strong correlation between someone's economic level and holding. Holding is often easier if you use only the extra money for buying the coins you are holding. If you use your daily funds to buy the coins, you are absolutely to have many problems holding them. So, make sure you don't force yourself to invest, just invest after you have funds that you afford to lose.
What he means is that it is easier for the wealthy to hold because they have a lot of money, which means they have a lot of spare money, whereas for the poor, it takes a lot of self-discipline and saving just to buy that coin and hold it, which is extremely difficult and time consuming, and if it is lost, it is extremely detrimental to you. When it comes to profit, the wealthy person will make more money over time because he can invest right away, whereas the poor person will take longer to save because the profit will be small if he invests now with only a small amount of money. |
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We all know that only a few stores accept bitcoin, so I don't think it's worth it to keep it and use it as a payment method in a physical store. Most of us are converting the coin into our own fiat currency in order to use it anywhere; however, it is currently very difficult to use this as a payment method unless you are paying someone with bitcoin, which is the intended use. However, if this is the future fiat, it will be very nice, but for now, it is still difficult.
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Nice multitasking.  If you wanna do it together then just go for binary trading, its sort of a gambling game at the same time betting which price is going whether up or down. That should solve it. You find your way to become a full-grown multitasker. It should be difficult if you master both or just focus on one thing. Binary trading is a combination of trading and gambling in which you must predict whether it is really going down or up, but binary trading is that you can predict it or have a high chance of winning if you understand the fundamentals and technical analysis in trading because you are reading charts, but you can also try your luck or guess whether it is going down or up, and it is very simple to play. Though many people claim that the platform is not being fair because they are manipulating it because it only takes seconds or minutes. |
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The rich generally want to get richer. This makes them want to risk some of their funds. Being rich in the first place simply makes them risk more. I do not think it helps you hodl
Agree mostly those people can afford the money to lose unlike to us we do have a money but if it will get lose then we are dead because that is all of our money which mostly people said that "invest what you can afford to lose" so we could invest only gain small amount of profit unlike those rich that they can easily do a capital with a large amount of money and also gain profits thats why rich are getting richer because they do have source unlike to those unwealthy that will grind for a long period of time. |
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Of course I am a gambler but a few months still I don't take participate in gambling because I already lost my professional job and I have no heavy income. But I recently joined Betfury.io gambling which already bet me with losses. So now I am completely free from gambling.
You felt like completely Free from gambling because of losing capacity to sustain your gambling activities but for sure once you return back to having professional Job again? then you will decide if you are really free from gambling or not. Almost on half year I have stop become gambler and pass my day with trading and try to be arbitrage on several coin, I have try to stop become gambler because is not allow in my religion and I try how to build my money management become better without gambling, I hope with my friend still active on gambling could stop it and back to trading or become investor in several potential coins.
I'm not a religious person, but I don't think there's much difference between trading and gambling (sports betting)... The feeling of excitement is present in trading all the time! As there are winners and losers... After all, if you manage to earn money in trading, someone is losing money... So it seems to me that these kinds of activities are very similar... That is why I am indeed supporting the idea of Gambling and Trading are at by chance the same. Trading has a larger chance of winning than gambling, and you can also cut your losses. The first difference between trading and gambling is that you must master fundamentals and technical analysis, whereas gambling is based on luck. On the other hand, they are similar to emotional aspects of gaming in that if you can't control your emotions, you may lose. If you're winning, someone else is losing, which is true in both cases. It's also impossible if everyone is winning because the money on both sides is in a cycle. |
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for now maybe we can't make transactions in buying cars using bitcoin because our country bitcoin is still not adopted by the government to make buying and selling transactions as is done by several countries in the world with many of these countries legalizing bitcoin as a medium of exchange legitimate ones like we can buy a car using bitcoin, so we need to be patient for the upcoming processing time
Similarly, in our country, bitcoin is becoming more popular, whereas previously only a few people were aware of it, leading to increased adoption of bitcoin, as well as government and bank discussing about it. Unlike in other countries, there are small businesses and physical stores that accept bitcoin; I also saw a bitcoin ATM, which we do not have in our country. Agreed, time well tell, mostly third-world countries are adopting bitcoin as a payment method, and those other countries will accept it in the future. Buying a lambo with bitcoin is fantastic! I heard about this news in 2016, and we thought it would never happen, but they are now accepting bitcoin! |
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The Terms and conditions is a very important page. To avoid a situation where earnings are withheld for breach of terms one should take note these in the T&C page. Winnings and stake of an underaged 🔞 gambler or from people in an illegal country will be withheld. Failure to follow the laid down rules for verifying your account will also have your winnings withheld. Having two accounts with the same IP will get you suspended. Also, you will be blocked if you try to deposit and withdraw using a different payment method. Getting caught using a VPN, especially when it is used for illicit purposes will have your account blocked and your winnings withheld.
this will usually vary from website to website not all casinos and gambling websites will block VPN or same IP users, sometimes they can use other methods for verifying as well I believe that those websites that block VPNs do so because some of the users who are from countries where online gambling is restricted or prohibited must use VPNs to access the gambling websites, and the websites will be affected if legal action is taken against them because they did not prevent the user from playing even though it is prohibited in their country. Also, we see that most gambling sites have faucets where you can try or feel how to play the game with just free money that was given to the website, and the user can create multiple accounts to take advantage of it. |
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When you spend money constantly in bits, it is normal that you may not be able to keep track of the amount you have spent on something say gambling or alcohol. If a financial record or something like a register is shown to you having the total amount you've spent on a habit, you may be surprised the total amount you see.
As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?
Can you share your thoughts please?
That would be really interesting but I think no gambling site would collaborative to give this statement to gamblers.The reason is that if for example a gambler who loses a lot of money see such register every week and he see his big lost amounts this can be a boomerang for the casino as the gambler may start to reflect and stop gambling immediately.Again this is a very good idea to see our weekly or monthly statistics but I am afraid no casino is willing to implement this. I believe it is irrelevant if the owner of the gambling website does not display it. It has a logs page or a profile page that shows how much you won or total money loss and also a list of it because the gambler or anyone else wants to see it because it is your game. I, for one, want to see how much I lose or how much I win because it may inspire you to play more. But weekly is the best for me, and it also has monthly because weekly is too fast and monthly is too long, but the best part is that we have the option to choose the time span. |
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Taking too much risks in trading and investing is a form of gambling. High risks taker might be luck to make good profits in certain trades while the rest could lead to bad luck. This is why it's not good to copy people's style of trading especially if it has high risks value. Lesser risks is enough to execute a trade in order to avoid unnecessary regrets.
Any kind of risk is gambling, even holding might be considered gambling, because the future is uncertain. Trading is definitely a risky (but profitable) practice, which I used to do in the past. My profit could even surpass 10% on each trade, but stopped because it was too much of a gamble for me. It's a great earning opportunity, if you're willing to take such risks, I couldn't though. Both are risky. You are correct, but choosing between gambling in a casino and holding a coin for a long period of time, as you stated, is better for me to hold a caoin because I have a higher percentage of gaining profit or if I am losing, I can cut it down so that all of my coin will not be lost, unlike gambling, which will be gone in one second if you are unlucky, unlike holding a coin which you can keep forever until it has a value |
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I think this often happens to certain people who experience it, this is familiar, sometimes it is like that, and that is luck which is not certain to be obtained in gambling, not emotion. Well basically, however, on gambling it depends on luck, but sometimes luck can be driven by certain tricks or strategies related to the games played in gambling.
Not only happens to certain people, in gambling these two factors will certainly be experienced by every player or gambler himself. It didn't matter whether they were new or not, they would definitely have good luck as well as increased emotions over time. But usually they or maybe I personally feel it is about skill, whereas if I realized more deeply I just feel that everything arises because of emotions within me so that it has an impact on the game or the way it changes. I remember my first time playing in gambling games, I felt really lucky on that day before starting the game, which is really true, I believe if you are new you really have a high percentage of luck but I am not saying that the most experienced gamblers have no luck but I am just talking about the newer one which is really nice. Now, the most experienced players truly understand what it takes to win while also controlling emotions, but for me, gambling is a game of chance for both new and experienced players. |
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That's just the best format to use as a trader because it gives you capital security and dosent put you in pressure of avoiding not losing your money. So risking 3-5% should give you a 1:3 RR, more or less depending on what you set for yourself.
Agreed, this is the best RR for me or 1:2, but it still depends on the capital, and most of the time, risking 2% of your capital is best. However, we all have our own preferences; you should find your own Risk Management system that works best for you. Just a note, don't be greedy and book some profit and leave, just get some meat from the market and you're set for the day  |
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The meeting has helped to switch the market sentiment to a more bullish one. It may not be the only reason we are seeing green now, but it certainly helped. With this in mind we should hope to see more of these gatherings in the future and perhaps invite other Bitcoiners like Plan B, Pomp, the w twins, CZ etc..
I believe, the conference really did have a positive impact in the market. Maybe people are gaining confidence again towards crypto. But I do agree, we need real crypto experts to be in this conference, because they know the ins and outs already and they can very well explain it to the public. Though Musk and Dorsey are pro-crypto, yet, they are not the right people to talk about crypto in more in depth discussions. Agreed, most famous people who talk about something, such as a cryptocurrency, cause the price to rise because there are a lot of people looking to buy on it because the famous people talk about it. When Tesla announced that they would accept bitcoin as a payment method, the price of bitcoin skyrocketed, and more people became interested in it. This is the first time I've seen people interested in bitcoin as an investment. |
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Equal distribution of bitcoin can't happen because everybody works for their money and its money there use in purchasing bitcoin, so it can't be equally distributed, we have the big investors and also the small ones, everybody buys according to what there can afford and you will agree with me not everyone has bitcoin, some can't afford it! That's the less privileged, why some hates bitcoin ignorantly and wouldn't want to invest in it so this shows some people aren't into this space.
right, bitcoin ownership is not evenly distributed, and there are still many people who don't even know about bitcoin. at least no matter how much money they have, they should be able to buy bitcoins, even if they don't have to be whole per one bitcoin. here we see the role of the government which seems to limit the movement of bitcoin, even though bitcoin will continue to grow in any situation It's the same as giving money to people who are lazy and just sit around waiting for someone to give them money. Agree! Everyone should work, because we all know that the person who owns a bitcoin now did not buy it or own it easily; he/she worked hard for it, and it is an investment for him in the future. There will be a lot of against it if it is evenly distributed. I don't own a bitcoin, but if someone gave it to me, I would be grateful because I can get it easily, but the person who gave it to me worked hard for it to own it, so here I am just waiting for him to give me bitcoin, which is not good because someone worked hard and the other did not. |
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Some people could bet without even knowing the amount of time and money they have invested in gambling which could look obvious and call for estimation. I gamble a lot and sometimes I don't even know if it's becoming excess not.
Anything like excess gambling?
Of course are you not going to be aware of the losses, because you are still enjoying the ride, but when you lose a lot of money and you cannot keep up anymore, then you will realize that you are gambling too much and you have lost a lot of excess money, money that you should not put in gambling, that's where the reality sets in, that you have become addicted to gambling, but it's already too late. It's like playing the lottery; you pay a small amount for a ticket in the hopes of winning the grand prize, but imagine buying tickets for almost 5 years and not winning a single time. If you've done that and bought a lottery ticket without missing it, you've gone overboard without even realizing it. We all know how difficult it is to control our emotions. We thought it was still okay, but it was really bad for us. Well, what I can say now is that if you are happy and it has no effect on your life or family, it is okay, even if you have a lot of money that you have lost. |
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crypto is further money than traditional money, because the blockchain technology that exists in bitcoin, makes people race to create a better modern financial system, this is a value that traditional money does not have. However, I think traditional money cannot be lost, because bitcoin requires an estimate of fiat.
Traditional money will still be as it is unlike in crypto that there are many ways to use it for transactions or as an investment. The price can double or triple in less time but the risk is high. They both have pros and cons and it will depend on how good we are n handling and in decision making. For now, since adoption isn't that wide yet for crypto then fiat is still a must to use. Agree, I remember those times that the people are only thinking about online transactions because of the fees in trasnfering money like in paypal that it has huge fees and the conversion rate is really huge which the people are thinking of an alternative now the bitcoin or the crypto on that time is getting famous that is really the purpose of the crypto on that time and later on it is getting famous and the price are getting high which lead to people the crypto as an investment and now thinking for future which it could really happen in nearly future |
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I get a headache reading your responses sometimes you guys sprout a lot of nonsense,,, I mean the question is clearly asking when to sell and you know. And so few answers are actually helpful:P Trading is always done with your own intellect when others follow the rules, nothing is learned and the wrong signals are given. It is easy to know the trading strategies if you go ahead by applying your own knowledge and skills so that you can know the right time to sell the big businessmen move forward based on their own experience.
What exactly are you trying to say here? Use your own intellect? The whole point of trading is not to follow your instinct or intellect but to follow what the numbers tell you to go, depending on the strategy you use. Big businessmen my ass:P As a trader, you need to know when to sell and how to set targets to gain profit. It depends on your strategy on how do you use it or how you do it. If you have made a decent profit, which means anything more than a doubling and tripling of your initial investment based on your latest price, then given the recent volatility many personal finance experts say it maybe a good time to sell an amount equal to your original investment up to 50% of your holdings. sometimes we know we have to match the target set, and to set the target I usually use the resistance area, but the problem is sometimes my psychology is disturbed so that it seems as if I want to end the transaction before reaching the target, and when setting a stop loss sometimes I am calmer if I experience floating minus Well, a good trading strategy is to set a stop loss and a target profit, which usually leads to success. We all know that greed leads to loss, and if you aren't delighted with your profit, your account will be burned. Setting a daily target and sticking to your strategy, as well as being able to manage your emotions, are the fundamentals of trading that you should learn and look for. Emotion is your worst enemy in trading because it causes you to stop thinking and simply press the sell or buy button, which is not in accordance with your strategy. Learn to manage them so you can manage your money. |
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