In the hourly and even daily charts, it seems the price really has no specific direction. It could go either up or down. This is exactly one of those times when you just have to buy or hodl and wait for a longer time frame. The lack of direction can only be found in the short term. If you zoom it out even a little you will see that the direction is really upward. Particularly now in the final quarter of 2021, I am still convinced that the general movement of Bitcoin's price is upward.
I think the price will be like that for temporary as I do not see the price still up and down many times and confuse some traders to determine where the bitcoin price will go. This situation is good enough to buy low and sell high and we do not have to wait for a long time to sell bitcoin and make a profit. It is better to make a small profit and have a chance to repeat the process because that means our profit will be bigger too. We are in the last quarter of 2021 so hopefully, the bitcoin price can surprise us at the end of this year. |
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In a pandemic situation like now where finding work is difficult, we have to really buy the things we really need. And make it a habit to buy goods
in cash without credit, because if we buy goods on credit, it means we have not been able to buy these goods and will only burden our expenses.
I agree that we really have to have a good plan on how to manage our money's income and expenditure. By making a list of what items we will buy,
then sorting by priority, will help us in managing spending money. Because our money is limited, so we have to manage it well, so we can leave
a little of our income for investment. Suggestions to buy first the items we need, after that we can buy one by one the items we want. Because
it is very important for us to be able to distinguish between needs and wants. The items we need are usually urgent and the items we want don't
matter if we delay buying them.
So we agree that we need to buy the items we need because that is what we use daily and after that, we use the other to buy the other items we want or save the money to prepare for the other things we want to buy. The thing in the list can change or modify based on the current situation so we need to have urgent money to prepare just in case we need the money. I am sure if we can manage our funds properly, we will not have a problem while we can also save some money for our future. Many people who already have a steady income but often experience financial problems, it's definitely because they don't manage their finances well. So no matter how big our income is, we will always experience financial problems if we don't make good financial planning. I even found some people whose expenses are greater than their income, then finally the person is stressed and has a lot of debt. So make sure we manage our finances well, so that we can prioritize buying the things we need and can avoid financial problems. Because if we experience financial problems it will usually cause other problems and if that happens it will destroy our lives. The main problem for people who already have a steady income is how they can manage their finances properly. But they can not do that because they think that their expenses still come to them even if they already manage it for every month. Maybe we really need to spend some money on our backup funds just in case, we have an urgent situation that needs money. But we must not use that money for other expenses because that will be a reserve for our finances. Managing our finances is not easy but we need to practice because we will have more expenses in the future so if we can practice from now on, it will not be difficult when we see the change in our lives. |
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If that news comes from China media, I would not think much about that because those media are like a double sword that want to make people getting more panic because they think China will dump bitcoin. If people really eat that news without thinking much, they will sell bitcoin and make the price drops for more so China can use that moment to buy more bitcoins.
People really need to filter and not panic when they read or hear the news about bitcoin because that is not always real and we know that some people use that to create mass panic.
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I would like to set up a wallet for each of my kids and start saving accordingly. I am not sure it is the best idea to create new accounts with DEX's under my name where the future owner will be my kids. Any ideas on best practices a for this?
The best thing you can do is just buy a hardware wallet for each of your kids and start saving accordingly and prepare their future so when they grow up and you have already taught them about how to use crypto properly, they will know what they can do with that funds. You do not have to create a new account for each of your kids instead just create one new account and send the funds for each wallet so that will save your time watching the price when you want to buy the coin. Besides that, you can only use one exchange (CEX or DEX) to buy and send the coins and I suggest you use CEX instead of DEX and Binance will be my recommendation. |
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1. I think that is because those people in the top list countries have an open mind to accept a new thing that pops up in many places so they start learning about what that thing is and trying to get involved deeper to see if they can benefit from that or they should leave it right away.
2. It could be people from the government who are involved in the crypto or ordinary people because we do not know who are they who support crypto.
When people think about how they can increase their wealth, they will try to search for other sources of income. And when crypto came to them and offers the investment side by holding crypto for some period and those people see the chance, they will start to buy and hold it and boom, suddenly, their investment grows fast from time to time.
But that is just speculation as we do not know what is the real reason for that country that have fast adopted crypto.
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It seems the young generation does not care about what their government will do so they focus to chase the money. The government wants to still chase the money like them so they want to control all things that have already been done before and not going to let it go.
Hopefully, India will not ban crypto and will let their people use crypto for their assets and not use crypto for the payment system. It is good if the government approve crypto as an asset because that gives a chance for people to have another investment to solve their financial problem.
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What do you think is important for the success of the project: the presence of really good technology or development, or just strong marketing that will create hype around the project? I'm now following an interesting project called CheckDot. They are developing a system which will be used to check any project or coin. It sounds cool, but not to much people know about them yet, although the technology is really useful. And at the same time, many popular projects don't represent anything particularly valuable, such as meme-coins.
So what do you think is more important to a successful project?
Technology is the main core of the project in crypto. The dev and the team need to introduce their project, what they brought to people and the world. If that is the same new project, it is normal to see them compete while inviting more investors to come. While marketing is how the team can promote their project to the public and how they can attract people to join with them. Without good marketing and promotion, their project can not grow and achieve its goals. Without having good technology, their project will not grow even if they have good marketing or promotion and vice versa. |
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if you want to invest and trade I don't think it's too late to invest because Bitcoin is in the correction stage and has not yet reached ath above 65k$
if you only for the short term it is not a problem but you will only get a profit of 10-30% for each trade,
It may be their different choice to buy or wait for the Bitcoin price to experience a very bad decline. some people will also regret not making a decision last year by keeping Bitcoins. you can see the current price of Bitcoin which is very surprising. maybe next year will surprise others with the latest prices. If they can get bitcoin at $56k, they will not worry because the price is lower and is good to hold for some time to wait for the price to rise again. But even if the price is down for more, that price is still good to buy and as usual, after the price reaches a lower price, it will bounce for a while to the high price. The next year could be the time for bitcoin to explode and rise higher but bitcoin still have time until the end of this year to increase. It is good to see bitcoin price now can moves for a little price and hopefully, it will still continue. |
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Let say, bitcoin price hit $143k in December or January or the next months the next year, I wonder how much the deepest price bitcoin will go down because that can be the very lowest price that makes people panic selling.
But no matter how high the bitcoin price is, we should use the moment when the bitcoin price can hit the next highest price to make the biggest profit this year or next year. I guess people are curious about when bitcoin will hit the new ATH.
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Sometimes, people are going to move, but the condition may not let it be. Sometimes, it is surely going to move, but in fact, they can't. and they are still here on monetary system.
And we cannot ignore or avoid this.
We really know how monetary system is being here around us in the world, related to not only about the rules and also financial system and regulation, but widely more than it.
Maybe they are getting trapped in the regulations and financial system that makes them can not move because we know much reason from people who tell us that they are hard to move because of the situation around them. But if they have a chance to and are forced to move, they will try to move, no matter the consequences, because that is our nature. When someone is forced because of situational around them or something that they must do, they will start to move without thinking much about what will happen to them. |
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Maybe because they are only accepting cryptocurrencies and not any fiat. The reason why they won't ask KYC. However, if the site will acquire their gaming license, it may change in the future. However, for now, enjoy the no-kyc feature. Reputation is earned thru time so this early would be hard to assess. Let us wait how long they will survive here with no complaints from their players.
For crypto users who often play gambling, that will be good news if the site does not require KYC because they do not have to submit any documents to the site, even if they win some money. Hopefully, even if they have a license, they will not change their policy and ask their members to do KYC because that will make their members disappointed and maybe their members will leave the site. When they can still become a no-KYC gambling site, that will benefit them, but I wonder if the government will try to check their site and force them to apply KYC for their members or not. |
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Maybe you can diversify your portfolio when the bear market comes to have so many options of coins to buy. But that will be okay if you want to diversify your portfolio now because you can see many coins will have a chance to increase higher in the next altcoins season or bull market. But unfortunately, that can make us confused to select the coins that can increase as many coins already hit the highest price.
When bitcoin is down, you can buy bitcoin but you can give your attention to buying altcoin but you need to look at how deep the altcoin price will go down because sometimes, the altcoin price can go down too deep. So I am sure you will have your own strategy for diversifying your crypto portfolio.
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If this situation continues, I am afraid that the bear market will still appear and the price can get down for another deep. We do not know how far the bitcoin price will go down and bounce up again because there is no sign that we can use to predict accurately. Hence, our prediction can only give us a warning sign to prepare for any worst situation that can happen later.
While the price now seems stable for a moment can give us more time to analyze and find more clues. If we can use this moment to hit and run trading, maybe we can still profit, but be careful doing that. Maybe we should stay calm for a while and not do anything related to the market to see how the market will move.
Everyone is afraid of the same thing, we are afraid that the bear market may come, however if you have some fiat saved aside then you should be pretty happy about the bear market coming as well. People are looking at this in a wrong way, we should not see this as up equals profit down equals loss type of way, that is not how it works. We should be looking at it in a sense that maybe we are going to profit even more if the price goes down? I mean it is totally possible for you to buy some more if the price falls to 30k levels, and then when it is 75k one day you will have 2.5x profit instead, right? That sounds even more marvellous if you ask me. If people think like you, I am sure they will be happy to see the bear market coming because they have already prepared some funds to buy huge amounts of many coins. They are not ready to see the bear market while they do not sell their coins at a high profit. People tend to hold their profit while the coin price can soar two times or even ten times from the price they bought so they miss selling at the highest price. That makes them afraid to see the bear coming after that because they are not yet selling their coins and making a profit. Maybe we need to change our trading so whenever the price can increase several times than before, we can take profit and stay calm waiting for the price to be down. Most people don't like it when a bear market comes, because their assets are depreciating in value. Then because most people also have limited capital, so when it's too late to sell the coins they have when the price is high. Then they can only hold the coins they have, until the price goes up again, because they don't have money anymore if they want to buy more coins at low prices. If this is the problem, there are only two solutions to deal with it, the first as you have described, sell the coins that we have when it is profitable. Then the second solution, we can just keep holding the coins we have until the price recovers, and we can keep ourselves busy with other positive activities, so that we don't get too stressed about the bear market. Please choose the solution that we think is comfortable to follow, because not everyone has to have the same strategy when investing in crypto. Imagine if they are not too late to sell the coins, they will not have a problem with the bear market instead will wait with happiness because that means they can buy many coins at a low price. If they can make a profit at the right time, they will get more funds in their wallet that they can use for many things. But yes, most people are greedy and delay selling their coins so that makes them regret it. As long as we know what we should do, we will have a chance to use any moment in the market. Hopefully, we can still survive in any conditions and situation. |
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Agreed, because if the application of KYC only follows the big winners, it means that there is a prize held which is the player's right to withdraw or not. However, the rules already listed are better applied in their entirety. As for when there is a policy update from the casino regarding the completeness of data for KYC, at least there has been a notification a few days before the implementation of the new rules is implemented.
It will help members know what they should do related to the new policy update to prepare themselves. But to be honest, the KYC is not necessary to be applied in the casino for a gambler who does not win much money. The rules can change from time to time following the changes that happen to the site or the situation. Thank you for your kind words! The 20 EUR minimum deposit applies to both cryptocurrency and fiat deposits - but we are in the process of relooking at this  Stay tuned! Hopefully, the minimum deposit can be lower than 20 EUR so the small gambler can try to join your site. Maybe 5 EUR should be okay for them as if we convert from EUR to USD, 5 EUR can equal $5,61. I visited your site and registered to verify my email and I do not have any problem. Your verification process is complete and requires us to send many documents, which I wonder if you can remove and do not use those complete verification steps. Oh BTW, you can gather your reply in one reply ;d |
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My winning is not something to be proud but even if I have a good winning I don't think I will post it, I prefer posting how I control my gambling activity than my winnings, I have this belief that you should not inspire people to gamble it's risky for newbies because they are not aware how much you wage before you win that amount, they do not know that.
You are right because we do not know if newbies can have control over themselves while playing gambling. If they do not have that, it is the same that we ask them to follow us without them realizing, although we are not wrong telling our winning story or share to other people. Maybe we can search for the right place or find the right person to share the winning story so they do not even think to follow what we did and try to chase the winning like us. I am afraid that we can be misled or miss something about our story because we do not know how they can take care of themselves |
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That will depend on how the team is still focusing on their project and achieving their goals. If they can not do that, it will not take too long for the project to lose interest from the investors and finally, the project will abandon without any chance to come back. It needs more competition between all of the blockchains you mention to be the best blockchain, so they need to work hard to ensure that their project can survive and get more interest from the investors. It is not easy to do that because the other new project with a better proposal can beat them if they can not adapt to the current trend.
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The market is still bullish, although the price now does not rise higher because the correction can remain with us for a while. I also believe that the price will rise this week or next week or even next month or next year. All you have to do is wait for more and buy more for the coins that can increase, such as bitcoin, ethereum, bnb or the other low coin price that can arise later.
My anticipation from the bearish is just waiting and buying some amount and holding it until the price increase. If I can see the price go up and down many times, I will try to buy low and sell high.
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How to invest correctly when everything is pumping? I think it's best to focus on promising startups and coins at a time like this. Now I'm interested in projects related to blockchain security (CheckDot) and game tokens (Genopets). What strategy do you follow?
Investing in bull Market is also fine, as long as you don't get greedy. Yes it could also be dangerous since you already bought the top right? That means that if you don't exit and a crash happened youll gonna bleed a lot for that. So make sure you check the history of the coin/token if already pumped a lot or not cause diving a hard crash will make you crazy as you see your portfolio swimming on red beach. The greedy is the main problem in the investment because, as we know that when people see the profit comes to them, they want to make it bigger by waiting for the next high price. But the reality is the price can get down or even drop drastically after reaching the high price. I agree that we should exit and sell the coin before the crash happens so you do not have to wait for another time to sell your coin at a high price. Investing in a bull or bear market will give you an advantage, but remember that the disadvantage will come too. So the research will help you find which coin you can buy in the bull or bear trend. |
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Hopefully, they will listen to our suggestion and who knows, they have already prepared to give some surprises for the next month. Once they announce their plan to us, we can see what kind of surprises they will give to us and if that happens, I think that can get more attention from people and come to their site and play prediction.
Maybe they will give more bonuses to their members to get them back to their site because giving more bonuses is a good way to make them come back. I am sure Futuur will do enhancement related to the long holiday time but almost all the gambling sites will do the same to attract their members to enjoy their moment by playing many gambling games.
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I didn't misunderstood any of it. There are some platform that didn't ask KYC when I register and when I withdraw. Of course, crypto is used as one of their mode of payment if they also pay in fiat. Don't misunderstand what I mean as not all platform ask KYC even if I used crypto. You may be right at some point that some platform may ask KYC when they think that you are suspicious enough.
What I have observed is that most of them start requesting for KYC when one is attempting to withdraw big winnings or if the account is suspicious, but if you are a "squid" in gambling keeps withdrawing small amounts occasionally, it is very likely they will never disturb you with KYC verification. Basically KYC is implemented to avoid money laundering so of course accounts with large deposits/withdrawals are the main target of KYC If there are other cases related to KYC it is usually an act that cheats the casino so KYC is needed to identify players like this in the future In the end, KYC will be applied to the site to prevent the illegal thing that can happen to their business because it is important to make sure that their business keeps clean. Hopefully, those sites that require KYC can protect the member's data from any leak so there is no worry. If that player is just using small deposits/withdrawals, I think the casino does not have to ask KYC because that player is nothing to them but many other big players who they can ask for KYC. |
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