in the world of trading and gambling also we need patience. important points that determine our benefit or not. because by making the right choices can make us win. I am sure that the way to control emotions is to practice patience in our lifestyle.
but to me i think one the most difficult job is to control my emotion and i thin for most of the time my emotions cause a big lost for me. as for some time i take some decisions emotionally but later on when i review i understand the mistake and blunder made by me which cause a sure lost in long run. |
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My mystake is that invested all money in other things and now I dont have money for trade with altcoins but I would earn a lot in this 3-4 days with altcoins,all my predicitons about altcoin prices where correct.
i think mistake in trading is a very common think everyone much have the experience of making mistake in trading. because no one can be perfect. for example in previous days when the price of bitcoin reached to 1150 USD i made a big mistake that i still hold my bitcoin and not sell it, because the price of bitcoin after that comes down to 740 USD round about. |
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ftp://Trading is an act to buy and sell particular things, but in this case it is crypto currencies, in theory we need to buy low and sell high to gain profit, but in reality there are so many factor that can caused you to lose money, like panic sell or you bought an dead coin, so you need to have knowledge to do trading
yes knowledge, experience and trading are the key tools to success in trading. if you are going to trade a coin, you must have sound knowledge about that coin and you must also have good experience must know some skill of trading and only they you can make money from that currency. and if you do not have any skill and experience in trading then such kind of trading is more risky that gambling. and to if a person do not have any skill and knowledge about trading alt coin, then he should not take risk and should simple hold bitcoin for the price increase. hope that he will also get good profit from holding bitcoin in long run. but you need to be patient and strong decision taker.
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I really don't know what to advice to a bitcoin holder like you in this case. I really expected the fall of bitcoin's price on Chinese new year which is tonight on the beginning of 28th of January. But the fall didn't happen. So now I think that the best possible strategy about bitcoin is to keep it and just wait to the price get high. Many people are already became millionaires with bitcoin, just cause of they risked in the most start of bitcoin and bought some.
tome i think to wait tell the bitcoin cross the next all time high level. and hope that very soon we will see that price, because still there is a lot of potential in the price of bitcoin and secondly people are continuously joining bitcoin which also increasing the demand of bitcoin so we can hope that very soon the price of bitcoin will cross its all time high level. |
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Well , let's say you made about 0.02-0.03 BTC , can you start trading ? is there any limits for trading like minimum and maximum amount ?
where you guys think is a good place to start a trade ? share your trading experiments and recommendation.
I also would like to know at which amount you guys started trading [ personal experiment ].
Edit :
Sorry, i think i posted it in wrong section, if possible mod can you move it to the right section?
Thanks
In trading you can start anytime you want, or even now. Because as long as you meet their minimum amount in any exchange platform you can trade at once. And you can start trade at c-cex, novaexchange, alcurex, bittrex, polonie or yobit. but to me i think if you are a newbie and having no experience in trading then you should first gain some experience and to get trading skill, for this purpose you should only invest a minor amount in trading altcoin, as altcoin give you opportunities to invest any amount you can suppose to afford. and when you become a good trader with good experience then you should invest a good amount officially. |
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if we don't know anything about language programmer then we need to hire person to handle this, maybe you can try to visit fiverr and see if there is any programmer that will help you to create your own bitcoin gambling sites. in fiverr, you can hire person with cheap price and they will make what you need.
no doubt that a lot of experienced programmer who and web developer who will help you in creating your own bitcoin gambling site. but after this the most important job is how to attract people to your gambling site. you need a good marketing expert or need to run a signature campaign in this form through which you can attract a lot of people. |
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There is no clear answer but it is a good idea to set limits for yourself. It's also a good idea to only gamble for fun rather than to make money.
Absolutely. Setting a limit for your gambling period is a good thing which might force you to stop gambling once you have crossed the limit you have set for yourself. Though there is not guarantee that someone will do that because of the addiction of gambling which does not let you stop at the first place. i think it is one of the most difficult job to follow the rules or plan in gambling. specially when you are playing gambling and reach to your limit. so at that time controlling your well is the most difficult job. but if you have strong control on your well then you are a lucky person and can follow your plan easily. |
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What are these sites doing in order to avoid legal trouble? If you live in the US, can you "host" your site in another country to keep in within US law?
Though united states of American has not legalized bitcoin they also has not band it. I think it will not be an offences against united states of American if you establish a site for bitcoin casinos as other related business are doing very well in USA. I believe coinbase is based in USA though there are tax issue with them currently but no one has declared them illegal. Very soon people will see why bitcoin has come to stay. if bitcoin is not properly recognize there in USA, then i don't think that it may be legal to run a bitcoin casino. Although they can accept the bitcoin from gambler as in most of other cases we can see but i think officially it may not be possible. because the casinos have to pay tax on it and government may not accept bitcoin for tax. |
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the way it is gaining popularity and the way internet is reaching every where in the world it think the future is of it and to next 20 year from now it will become the global currency and in the access of almost every one who will be using internet.......
yes we can hope so but in fact 20 year is a long long time. i think it so early to evaluate the price of bitcoin so early. but if we evaluate the current progress of bitcoin we can hope that after 20 years bitcoin will be more and more popular currency of the world. more and more shops will be accepting bitcoin and hope that bitcoin will be one of the most popular currency of the world. |
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Have you seen other countries currency being devalued against the US dollar? If bitcoins value continue to increase then many people wont even able to exchange 1 bitcoin because they need to shell out more of their currency and can make their economy in big trouble like in Venezuela. I would opt for a mass adoption of bitcoin with a very stable value so anytime I can decide to exchange bitcoin to buy a commodity using bitcoin.
Mass adoption would not mean that we can get a stable price, it's the volume against the demand, and when the volume of supply is low while the demand is high, it's still the same, investors will hoard to serve their personal interest to make themselves richer. Users does not care if how volatile the price as at the end of the day, they will just exchange it to fiat and it's done. to me mass adoption is too much important for bitcoin future. because as more and more people will adopt bitcoin it will become more more difficult to manipulate the price of bitcoin. in past we have so many examples, when big whale were easily manipulate the price of bitcoin. therefore if the number of bitcoin users will increase bitcoin will become more and more stable, and it will become more difficult to manipulate the price of bitcoin. |
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i am really far away to be rich from gambling because i am not playing gambling in every day and my winning time is not too much depend other gamblers beside that the amount is not big too. but i want to get rich by doing other work like trading or investing in bitcoin to get me rich in future so i can make much money.
well I don't think that increasing your gambling time would give you a better chance of becoming rich as well. one has to be extremely lucky to be rich in this kind of venture. you may have a couple of win streaks but I don't think it would be enough to consider you rich. the only people I can consider here that won a considerable amount to have their lives changed are those lucky lottery millionaires. increasing your gambling time means increasing your risk of losing money, i think if you want to make money in gambling and become rich you need to have good planing. you should make a strategy for playing gambling and only then you can be rich in gambling. there is not doubt this that your luck is also too much important for making you rich in gambling. |
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I stop when I have something else to do or when my balance is zero. I have a rule to never deposit again in the same day, if I lost that's it, no "recovering". It's when people are trying to recover they lose the most.
Are you playing all your money and you don't save them? For real i never waste my money into gambling till my balance became zero lol limit your self not to play in this way i swear in you will regret it for sure how if you had kids already and still playing gambing ? Stop while you can. perhaps it is not so easy to stop gambling, either you are single are supporting your family, but if one try he can change his gambling habits. for me as i cannot quit gambling permanently therefore i have set a plan for my gambling and i always try to follow that planning which prevent me from a big lost. |
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Not easy i believe. Actually very hard. Quit smoke more easy. Some of gambler play for money, some of play for adrenaline, some of play for just fun so there is only one way to give up. Find a real love  What does that even mean ? You're the first that compared Smoking with Gambling and I'm amazed.Being a chain smoker,I know what it actually feels like an addicted gambler.Literally! Gambling is sickness so we r all sick. We need a real life partner. So she/he can forget everything about gambling. Hope we find that real love. I can bet myself for cant find  That is not true.Finding real love or partners can work temporarily,not in the long run.Humans tend to go back to the shithole they find the most comfort in. To quit smoking and to quit gambling are really simple. There are a simple way to stay away from them. To quit from smoking , you just have to don't buy a cigarette, so you can't smoking. Buy something more important like food or etc. Is that simple? To quit from gambling, you just have to don't playing, is that simple? Yes that is simple. If youreally want to quit, you will, sooner or later. i do not thing that is such an easy job to quit gambling or smoking. most of the people continue smoking and gambling tell the end of their life. i personally have good experience of that, one of my friend is addicted of drinking, as drinking is illegal here and one will be put in jail if he caught red handed , he tried his best to stop drinking and most of the time succeeded but not for more that 4 to 5 weeks, and then he starts drinking again, although his doctor strongly advised him to stop drinking otherwise he will be fell seriously ill because of drinking. |
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My family knows about this that I am a gambler, but they are proud of me that it is not my habit to gamble continuously. I always gamble and go for the best available times when I feel that I will win. That way, I feel secured from losing everything at once, and the only reason why I don't feel shameful, but feel proud on myself sometimes.
i think gambling is not something to proud on it and specially if you are addicted. i think no parents can feel proud on their parents to play gambling, they will never like their children to lost money or become addicted, in our society if my parents or elder know about my habits of gambling they will really charge me for that. |
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My first gambling game was when I was just a little kid. We had a play version of a roulette game, which we enjoyed. We didn't play for real money ofcourse, but the game trains you already.
Next were the card games for cents a hand and that led to poker and blackjack in university. Never became a big gambler, but every now and then it is fun.
to me i think i start gambling about 10 year ago when i visited a casino with my friend, although on the very first day i do not invest any money in gambling but after that i started visiting casino and after that i gradually stated gambling putting money in different gambling games. now i mostly play gambling on sports game because i have good experience in gambling, 10 years ago online casino was not as popular as right now. only few people only can have an access to online casino so people will just prefer to go to a real casino instead have to setting up a complicated things when you have to created an online casino account , then few years after that around 2011 bitcoin casino come up and i really glad with this easy access. some of us maybe trying to gambling when we were a child without we realize because gambling games is not just playing card, fortune wheel, but also like guessing what color or picture that will be come out and else. but for online casino, i am sure that in few years ago and when internet not yet found, only adult people could play in that places. but in real life, we can see that people play gambling in around their neighborhood. so its mean that gambling can be addicted at any state of life. i have study a multiple replay here and found people start gambling at any age, i think it just need a favorable environment and you will become addicted, and then you can continue to gambling in most unfavorable condition, and become very difficult to stop. |
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I think that usually a guy which play games for a long time, risk to became a gambler addicted. Which method you use for stop plaiyng when you understand that you are near to became addicted?
For example, i don't play a lot or for long time (i play games spot during my free time), so i have no idea about, but i trade forex all day and when i had a significant loss i usually turn off my Pc and i go out for a drink , just for not run behind loss.
If you are able to stop at willing at any time then you can stay calm that you are not addicted. Reducing the gambling hours would be the practical solution for gambling addictions. To reduce, we must able to stop at preferences and only for some specified time we must start gambling. If you are able to gamble in a controlled manner then chances for becoming addicted is very less. that's right mate when you still in control of yourself even how long you played as long as you can stop on your own will you are still qualified as a good gambler and risk free for being addicted, as we knew how we defined addiction the fact that the power of will and self control are both present inside your mind you are still safe from being involved. i think very little number of people may have that control. most of the people when start gambling they become addicted. actually gambling gives you such expectation which compel you to continue again, which make people addicted, and then it become very difficult for most of the people to stop gambling. |
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yes you should buy a house infact that its a good investment because our population is slightly increasing every year thats why you could sell it if you want with a triple prcice and buy another house. well it depends on your country. because im living in a third world country that's why im saying to you that having a house is a great investment of all . because right now im still saving up money in order to buy a house .
We're not at that point where population is so blown up that houses costs much more than what it was when you bought it. If you go to rural areas, you will realize that the whole world isn't as overcrowded as what other people tells us. It's only the urban areas that are kind of overpopulated because of the poor people engaging in coitus like a couple of bunnies. It's only the poor people that makes the population blow up and I'm pretty certain that they don't afford to buy a house so your house wouldn't increase because of increase in demand. in fact one can earn many more that a house cost but actually still people may not be confident to accept bitcoins for the selling a house. actually the price of bitcoin is not stable and if a person sell bitcoin for a specific amount and then the price fell down i think he will face a big lost therefor people may not be ready to sell their hoses for bitcoins. yes i also agree with you that it depend on the interest of the seller, if he know about bitcoin, and is already using it, then the possibility is there that he will accept bitcoin for selling a house, but if he do not know about bitcoin then it is difficult to convince a person to accept bitcoin for selling a house. |
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We can not run away from the fact that Bitcoin has a big influence on the world economy. Even though it is not officially recognized, the amount that is being traded is so huge that we cannot right it off. Imagine people exchanging bitcoin for fiat, don't you think this can influence other currencies? Just my thought
You meant write it off, right? Though I don't think this amount has any impact on the world economy at large. If two individuals were incessantly selling to each other the same single bitcoin all day long, would the resulting volume have any meaning? I guess that it wouldn't. Just a small bunch of people (on the world scale) is doing basically the same, i.e. exchanging fiat and bitcoins to and fro. If this volume was coming from real economy, i.e. from bitcoins being used to pay for real goods and services, then it would matter. Otherwise, this is no more than a figure which can be however high without really changing anything I agree with your opinion, kalu is not one that I read from your post that means no relation between the economy and bitcoin, although only a small impact but to me i think bitcoin has a great impact on the economy of the world, we can see that bitcoin is providing trading opportunities to people, those people who not have any business in real life can start trading in bitcoin and can earn a good money, so bitcoin has a good impact on the world economy if it is making people more prosperous. |
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I think the future of paper money remained, paper money is fiat money so the State will maintain and guard it to still exist. Although the use of the bitcoin and digital money is vast, certainly not likely eliminate the use of the bitcoin.
The future trend is going to digital currency, therefore the supply of paper money will be lessen as people will turn to digital money as it's easy and fast. However, we cannot erase that in the circulation as there are still other countries who were gonna adopt with digital currency, paper money is their convenience as they are living in a less developed or undeveloped countries. yes it is right but i think still it will take a lot of time. because still all most all the people of the world are using fiat and those people who are already using bitcoin are using it as secondary option because they still cannot use bitcoin to purchase everything from bitcoin. there for i thin think it will still take decades. It is even fairly possible that fiat will still remain as a main money until our generation . For bitcoin to be the main currency we can conclude that the worlds technology did a complete upgrade Since bitcoin is powered by internet the world should have a global internet first and right now, Poverty in our world keeps increasing I highly doubt that we will see bitcoin rise that much cause we're probably dead by that time . we can see that that new generation trend is already changing toward online digital currency and they are using online currency for shopping and so may other activities. therefore we can say that our next generation will be using bitcoin as their main currency. |
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Well, if we'll discuss about that, it has positive and negative sides. For example many traders are using bitcoin because of it's often chageable price, if bitcoin will become stable, in fact we loose such type of people, also many people has hopes that they'll buy bitcoins when it's price is cheap and than they'll wait for it's rise up. Another side is that many famouse website and business owners aren't accepting bitcoin because of it's changeable price, if it'll become stable, than they will accept bitcoin as a payment system. At least we have to lost one side of people, traders and some simple users or business owners.
You are right, business owners might consider btc as payment method if the price became stable for the convenience that it can give but i think it wont be as popular as now if the price is stable. many users are investing in btc because of the unstable price and for that we are able to earn. If bitcoins price would be stable then for sure many merchants would be interested to use bitcoin in terms of payment since its fast and reliable but same as you said it wont happen anytime soon since bitcoins price is volatile no matter what and i dont think that it would become stable because if it happens then for sure its already being controlled by government. if the price of bitcoin become stable i think there will be a mixed type of situation, some people will be happy with that, because they wan to use the different services of bitcoin like the transaction of of money from one place to another. while other people how are using bitcoin for trading purpose will not be happy with it. |
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