In the past I keep recording my losses per week , and assume that I will never have
the same losses in the next week but it turns out that instead of of lessening ? i chases my losses so i stopped the recording
and only let my wife allows me specific amount to gamble, I even asked her the money because she is the one whos holding
my ATM and just giving me allowance for how much I needed.
So for me there is no need for recording instead what we need is to control our gambling ,
Have a plan to how much to risk and how much a target winning. that is the safest and the best way to stay better in gambling.
If your wife has your ATM and gives you money for your needs then I assume she has a record of how much you are losing every week since women are pretty good at keeping a count of the money being spent  . They might not remember how much money you give them but they will surely remember how much you have taken from them, that's a skill that women possess and it's good in cases like yours where you might be taking money from her for gambling. I'm pretty sure that if you keep it the way it is right now, you will never spend a lot of money on gambling because your wife will not allow you to do that. The money that you get is the only money that you can spend within a week, now it's up to you if you lose it all or win something with it and keep some for yourself, or you give them back if you win . They are really that indeed good and there's no way that they could be able to witness or observe if there's something happening specially on spending which money are really that too fast to be spent out and then this is where confrontation happens specially if you are the ones who had lost up those budget that been given. Basing up on real experience then im the ones who had been holding with my ATM and my wife is really just the one who do make out the budgeting and wont really be that asking questions but of course it would really be just that so normal that they would really be the ones who would really be making those allocations basing up on the amount that you are giving on which it is really just that normal but in most cases on which salaries would really be known by your wives and thats why having those kind of secret transactions or pull off with those amounts then it would be somewhat pointless. Keeping record with your winning and losses isnt really that something bad because you would really be able to see if you are that losing that much or you are still that in good shape yet you are really just near on breakeven or profitable and with this then you could tell which neither you would really be that still deciding to play still or would be having a break if you do see that it is already too much. |
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Hey @Lanatsa, fantastic points you've laid out about the pros and cons of both Crypto and Forex trading. You're absolutely right; both have their own set of risks and rewards. The economic indicators you mentioned for Forex are spot-on, and these can create huge volatility just like in the crypto market.
Right. Personally, I started with forex because it was easier and less risky for me. Investing in both crypto and forex is like having a variety in your investment menu. They work independently so when one is down, the other might be up, balancing things out. Its good to have choices in investments but we always have to remember invest wisely and take things slow  Less risky because of that less volatility kind of behavior when it comes to prices and this is where some people do really prefer on staying or choosing up forex instead of crypto but we know that there are people who had really make that entire switch up to crypto because we cant really deny that money making in crypto is much more faster than with forex due to extreme volatility. We do know that there are people who are more risks takers compared into others and this would really be that according into their own choices.If you do like on having that less risks then forex is for you but you could eventually able to deal up and just fine on with those risks then it would really be that your choice. For me, im also a forex trader wayback but due to volatility of crypto and the possibility of profit making that you could get then you cant blame out those other traders who do make out such choice on which i have already stick up into this market considering that chances on making easy money is there but come to mind that even losing money is still there on more higher extent but if you could be able to bare it then it would be just fine. |
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The man really got ambitious goals and I admire him for that. Elon Musk would not be the man he is today if he did not imagine things which were them impossible. Now, whether he will really make X not just a social media platform but also a big financial institution, this remains to be seen but we know that there is really a market for things he is planning to happen with it. I remember the day that he took over Twitter so many pundits were then saying it would be the end of it all but look at X right now...slowly but surely things are starting to come rosy with advertisers returning to doing business with the site. Admittedly, I don't like the renaming decision to X but then again I am just a user there and the power belongs to the man. Now, the question is: Will X replace your bank? Maybe yes maybe no but this is a big concern so X will start to be introducing one financial service at a time as this is not going to be a one-time deal. The man is a big marketing man so we can expect some big terms and presumptions to be spewing from his pronouncements, that is kind of expected. One thing for sure, Elon Musk is here to stay on Earth notwithstanding his plan to colonize Mars.
Having ambitions is better rather than on having none, the thing here is that not all are financially capable for them on making such step and this is why for Elon since he's a billionaire then he does have the capacity on trying out to achieve something yet he does have that kind of funding. He wont really be stopping until those goals and targets that he had in life wont really happen. Doesnt matter if its really get sidetracked gradually but what matter the most is that he do able to do on what he wants to do and its none of our business whether it would succeed or not. Its his money and fame that been at risks. He wont really be called or making himself a billionaire if he wasnt that a risks taker. Making X to be an another western unit or whatever payment or money transfer then its his decision but its true that why we would really be needing if we do have those current existing ones? The thing that do i have in mind is that how it could really be that so possible that X would replace banks? There's no way that the entire world would really be that switching to X instead on using up banks services which i could say that it is really that somewhat having those unrealistic goals or targets. |
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Recessions have happened a lot in the past and we may have experienced them several times in our lives. In this way, we should be able to learn from experiences and from events that have occurred in the past. This learning is needed to enable us to better prepare ourselves every time a recession occurs. And experts also do this, they learn from history and experience so that theories are formed and used as scientific studies which are also taught in economics colleges and the like.
A recession will not be so scary if we are prepared to face it. And in essence, we must have good financial management, and have a stable and sufficient source of income. And we should always have backup plans like emergency funds and such.
True, but what surprises me the most is that people act as if it is completely impossible for such a thing to occur again, because if you were to ask people about what they are doing to protect themselves in the case of a recession they will look at you with an incredulous face as if you asked them something that could only happen in movies, and then when it does happen those people are taken by surprise by such event and have no idea at all how to react to it. Because for some people they don't even know the term recession. They know everything that disrupts the economy and an economic downturn is an economic crisis. They don't even know the term inflation. They experienced it but most of them didn't learn it and didn't prepare themselves if economic difficulties occurred again. Yes, it's true that it seems like they really think that the recession that happened might not happen again. Those who are careless are those who will have difficulties because they do not have sufficient preparation. That's why we see many rich people always able to maintain their wealth even though the economic crisis occurs and inflation and recession also have an impact on them. Because they already had thorough preparations long before the economic crisis occurred again. Even if some companies close their business, it doesn't mean they are completely bankrupt. In fact, the brand only reduces the burden. Because sometimes conditions are difficult and if we want to survive then there are times when we have to take off a little of the burden. That is why it is important for us to always learn from everything that has happened in human history. Not only on what we have experienced but also on things that we have not even experienced but that generations before us have experienced. Learning from history can make us better prepared to face the future. We should really be that indeed smart and wise when it comes to this because if we arent really that prepared then we would definitely be experiencing the bitter things specially if we do speak about recession or inflation. Yes, its true on which rich people cant really be that easily affected when it comes to this scenario which they could really be that easily be able to adjust or survive considering that they do have other income or stream of money earning things on which its really that supporting them on the time that it would really be that happening. This is why it would really be always that wise to do on making things to be prepared rather than caught up yourself off guard. Being wise and being mindful is the best approach that you could really be having. Facing it out might not be simple as it sounds but doesnt mean that it would be impossible on doing so. There are really just that people who are really that wise on preparing things on whats ahead. |
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Happy Birthday 8th year Bitvest! I thought 777 was the latter but now only I realize its the former and Bitvest came after. Congratulations for your efforts to keep the casino alive in ups and downs and if I am not wrong the casino is in the business for two cycles and looks like the 3rd bull cycle is approaching. The good thing is the promotion is back but needs to be more aggressive due to the competition in the market being a lot higher than in that era. Agree into this one, this isnt the years wayback before where competition isnt really that high on that time whether on exposure or payrates specially into their recently relaunched signature campaign. It does really need to be more aggressive on which i do really that agree on such suggestion. Btw, @Bitvest, Happy 8th year and just like on what other people been saying that there are tons of ups and downs with this platform but still they do able to stood still or able to survive. Who among here did really believe that Bitvest had totally died because of no update or response of its owner?  |
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Even though there will still be an increase in the Bitcoin price, we must be wary of a decline, especially since the Bitcoin price has managed to increase to $34k. And if we look at the movement today, there may be a correction after the increase. And if the situation remains good, Bitcoin prices can continue to increase but we are still determining how long this will continue. Hopefully, there will be positive news that will be released so that it can support Bitcoin's movement. We should keep an eye on price movements. Those who trade, especially future trading, have clearly made big profits. Congratulations to them As of now there is no correction after the price increase is still stuck at $34K maybe I expect this to last a few more days before October ends. For the situation of the last few days it is still very good to see the market there is no sharp correction again, we here are certainly still waiting for other positive news which is more awaited is spot ETF news. if in November it might be a little different where it is possible that the price can break its resistance, this is my thought in the next month there is no decline below $30K it will still be possible for bitcoin to continue to exceed its limit to $40K. Totally opposite on what i had anticipated on which considering that whenever there are some upward movement or pumps like this then correction would really be next, it did really make out some decrease in price and able to hold up that 33k line which is good on which simply shows that there's really a strong support and demand but we havent still be able to break that 35k resistance. If there's some news that it would correlate to approval of ETF then for sure it wouldnt really be just breaking out that 35k but rather it would be shooting up to 40k+ price but well everything would be that a speculation as always. This is why it is really that what makes it really that hard to tell on where it would be going basing up on the movement that it does have then it would be always unpredictable. For nowadays it is really that most likely be needing up some fundamentals to serve as a catalyst for its movement but somehow its not all the time. There are really just that moments on which it is really just that something relevant. There are really just those people who are that too skeptical on making a move but well i cant blame them though considering on how hard to predict the market is. |
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In a deal, 2 years ago, I asked the seller of a real estate project, if he will accept crypto for plot but he demanded some extra money for this deal. So, I was not able to close the deal but may be in future, I can buy something unique with crypto.
What is the most weird thing you bought with crypto?
Wayback into couple of years or lets say 3-5 years then the thing i do remember on buying up with my Bitcoin isnt really that something weird but rather its some common items on which you could really be able to do so wayback. I have been able to buy steam wallet codes on that time using up with my Bitcoin and since im an esports player then it is really that giving that kind of convenience on which i havent experienced before knowing that buying something online will automatically be meaning that you would really be needing to use up some debit/credit card on which into those times i dont really have one. So it is really that a hassle thing. Later on which i do make out some realization that it is really just that a waste of Bitcoin if i would really be that continuing on doing so and since we arent that blind not to see its potential then it would really be just that a waste if you do really keep on spending it.Yes, for the sake of circulation and totally using about its utility then its good but since we are really that aiming for making profits then it is really just that a normal approach that you would really be saving it up and hold it for long term. |
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According to him, he went long with all of his entire crypto NetWorth on an Altcoin because he was expecting the price of the altcoin to jump back up, after a news (which was later confirmed to be fake) caused the cryptocurrency to go down, but unfortunately for him, by the time he woke up from sleep the next day, on checking on this trade, he discovered that he had been completely liquidated because the price of the crypto currency ended up dumping even harder than before.
Anxiety and fear made me deposit more money and he try to see if he could DCA the dip and make some of the money he lost back, and at a point, the price reached his take profit target but unfortunately, the take profit did not fill before the price of the altcoin shoot up again and at end, he was liquidated again.
I think the friend learned his lesson here. Everyone has their mistakes to learn from right? It is just very unfortunate of him because he made so many wrong things at once. First off, putting all your money into one cryptocurrency is like going all in at a poker game, its super risky. Also he acted on unverified news  he should have calmed down first and did his research.I think he also let his emotions prevail as he wanted to recover losses by pouring in more money. It might seem like a good idea in the heat of the moment but it just made things worse for him We all need patience in this crypto world. Prices can swing wildly so jumping the gun and not waiting for the right moment can burn anyone. Everyone into their lives does commit out mistake on which it is really just indeed normal since there's no one on this world would really be that perfect specially on dealing things that we are really that in first time on doing it or something that do talks about trading then we cant really be able to make ourselves profitable or even on investment in our first tries. You would really be needing tons of time and effort before you would really be able to to have a good grasps.You would really be passing tons of failures and mistakes before you could really be able to make yourself that good into this field. Dont make yourself act like a gambler because if you do then you would definitely fail into this field. Never ever chase up losses and you should really know on when to call it a day and stop completely midway if you do see that trading now is not really that good. Gains could really be taken back if you would really be continue on doing the same mistake. You should really be that mindful on whatever steps that you would really be making. There's no such thing about having no risks and this is something that you should really be targeting on,because on the time that you would really touching up this floor then there's no easy way on dealing with it.Every steps do matter and the actions would be made. |
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I'm starting to have mixed feelings about what Tapales has been doing lately. It seems like he's moving away from being a humble boxer and trying to imitate what Casimero has been doing. I understand that he's training hard, but maybe he should keep his words to himself and just focus all his energy into training.
Calling himself a "nightmare" for Inoue sounds a bit funny because no amount of trash talk is likely to disrupt Inoue's focus.
So, Tapales should probably focus more on studying Inoue's training and preparing accordingly.
I think they are of different personality though, maybe this is just to hype that fight and give him some psychological advantage. As we all know boxers wanted to promote and hype their fight to the point of trash talking their opponents. He had gotten a sparring mate already like Magsayo and Astrolabio, so they are really focusing on this fight and taking it seriously. For sure, he has put 110% of himself in training because he wanted to pull the biggest upset for this year if he beats Inoue. But we will see, it's good that you are motivated and have the heart, but Tapales needs to execute everything perfectly on what their strategy to beat Inoue. That would be a great title for him. Upsetting Inoue is like an uphill battle, but there's always a possibility. We shouldn't lose our trust in Tapales because he is only few of the Filipino champions now. I have to say that Tapales isn't as hyped as Casimero because some fans think that it should be Casimero who will be fighting Inoue. But a win here will certainly put him at the top and make him the best in the super bantamweight division. It would be a huge setback for Inoue if that possibility becomes a reality. On any sports or competition then having those possible upsets could really happen in a match and this is something it is really that very normal and cant really remove out the possibilities that heavily favorite would be beaten up by the underdog but totally whose the underdog on this fight? Knowing that Tapales is also a champion on this division.It did really just turn out that Inoue had just recently won that 2 belts and now trying out to unify those belts and aiming for glory and of course it would really be aiming for that record.It isnt really just that surprising that Inoue is really that heavily favorite on here considering that he's still undefeated and he wont really be called "The monster" for nothing. It is really just that there would really be those avid fans who do really expect that Tapales could really give out a good shot for this upcoming match. Upset? Possible but we shouldn't really remove the idea that Inoue is really that prepping for this fight too. He knows on what at stake on which it isnt really just talking about the belts that could be possibly be snatched but also he would definitely be trying out to protect his undefeated title which i could say that this is the most important feat. Just like on Mayweather then there's really a different essence if we do speak on retiring on being having no experience of defeat and this is something that one would really be protecting. The fight is already that fast approaching and it is really that giving that kind of excitement whether this year would really be that getting in favor to them or not. Only one would really be that declared winner and will really be taking all those belts on which fighter would be the best on this division. Unifying match is always been that interesting but pretty much sure that majority will really be that interested to see Inoue win on this one via TKO but i highly doubt that because Tapales looks like a tough guy. |
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Everyone in the community on this site likely wants to live a happy life. Even those who don't work in the crypto industry desire a fulfilling existence. The rest, on the other hand, are content to simply have a job, and they would rather have that than being unemployed, even if their pay is meager or does not exceed the minimum wage.
You understand what I mean when I say that occasionally I even see recent high school graduates with more employment than college graduates. Others who are having trouble finding work are just starting tiny businesses like direct sales.
Job plays vital role in life because any materialist thing is purchased by money. People judge our capabilities by our status ,so skills are very important in life. Practical skills give us prosperity ,and those people who do not get skills they become jobless. Everyone has same quantity of time in day and who develop this time into skills ,he we will be successful and he will enjoy his life without stress in a few years. Moreover,Luck also matters a lot in life , Luck is 50 percent of everyperson success.Relationships with family , friends ,and with other people also plays very important role in succes and peace of any person . Lady plays very important role in success of man , either in the form of mother or in the form of wife. If a man lack in relationships ,he will struggle in life and he cannot live happily. Everything could really be buy with money and this is why earning money would really be our outmost priority on which it would really be just that normal that we would really be preferring on doing things which we could really be having the chance on making income or having that money or something that do talks about income. Happy life would really be that determine on someones goals and targets in life but usually we are really that going commonly on how we would really be making more money on whatever ways or methods that we could possibly do.Some saying that money cant buy happiness but we do know that in every things that we do make like travelling or buying a car or something that do talks about spending on something then it do involves money. This is why i do completely disagree into this kind of idea or mindset. Being productive then this is standard, you wont really be succeeding on a certain business or things that you are involved with if you dont really know on how to utilize it properly. We are really that finding ways or methods to earn more money neither via with our investment or business on which it is really just that a normal approach that we would really be doing those must things whenever we are involved into something. |
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Thanks, if you were to choose between TWT and Solana for DCA, which will you prefer?
Everything will depend on the price at which you will buy TWT and Solana. It is not worth buying now, as the price of these coins has already increased significantly. I think there will still be an opportunity to buy TWT at 70 cents and Solana at $15, as I hope there will still be a big dump before the bull run. For sure there would and this is something that we do people been waiting specially into those someone who do have that actual taste of those big dumps before bull run would be starting.This would be usually happening on post halving season on which it do really looks like for the price on trying out to prepare for some huge pump which its always been the case. The only main question here is that on when it would happen for this cycle? Would it really be playing around pre-halving or post-halving time? About on TWT then i dont see any connections or reasons that it would really be affected significantly knowing that TWT isnt really just that listed on Binance alone. Lets say that it does have that liquidity but considering that other exchange does have it then i dont see for it to be that giving a huge impact unless if FUD would really be that on extreme extent then it could be possible. Mooning or dumping then it would really be depending or according into those external factors on which it would really be just that right that we would really be able to see different conditions basing up on the things that we could really be able to see around. There's no such thing about assurance on whats the condition or the value of a certain project if its really that been attached with some exchange issues.It might be giving some effect but it would really be just that temporal. |
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It was a great surprised to me this morning seeing the market price increasing above $29k that made me to asked this question, if it's real for bull market to happen in this month of October or is just a temptation that will make people to release their BTC to the market before the massive bull will take place. If the price of BTC can reach this level $29k at this time, show that real bull will take place next month of November till next year ending for investors to use the period to earn more incomes from their investment and to plan well ahead of another bear to come. If this new increase turn to temptation in the crypto market by turning back to dumping again which are some of the things investors don't want to experience in this season because, it will cause Many losses to investors. Do you think this is a real bull that will lead to investors expectation? Or is just a temptation that will make people to rush to the market to sell and regret at the end? What is your opinion.
Depends on what you are really that aiming into with your Bitcoin investment or crypto portforlio.If you are that someone whose really that longing for years hold then these kind of prices wont really be affecting you that much. Any price could really be your entry price and making some DCA if needed but if you are that someone who do really make out those active trades then it would really be just that right that you should really be mindful in regards with your price entries on which it would really be that so normal that these movement of prices could really stir up your mind whether you should be holding your position or would be taking up some action whether you would really be buying or selling then it would really be that according into your own preference and on how you do handle yourself within this volatile market. Temptation? Possible Bull run? Not likely We arent still on a bull run yet, come to think that halving event is still on next year and basing up or looking into previous bull runs then it would really be usually playing out on after halving event of Bitcoin and might take several months before it would be kicking in. These pumps are really just that to those like ordinary days which its not really that shocking. |
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Since I only play on lottery games in an outlet, I have never experience something like that before but if by any chance had to play such game I think winning ×5 would be enough. If I lose ×3 that would be my limit and I had to take a break and then return another day.
Good for you for having that kind of self-control, Also if you want to consider playing in a casino, always set a time limit, enough budget, and have a goal in mind. It's quite difficult to leave while you're ahead because you want to avoid losing your winnings, I advise that once you win big, cash out and leave because there's a chance that casinos will want to keep you playing after you win so that they have a chance to win their money back. This is an individual decision, knowing when to walk away is the hardest part for most people. Not many people can have that kind of control and must continue to practice it until they can really master it so that they will have no difficulty saying that he has had enough gambling, and now they have to stop gambling. We have to manage our gambling time so that we don't suffer many losses because we gamble using money, whereas many of us use money for our families. It is true that we must always limit the use of money for gambling and how long we gamble so that our minds will not think about gambling and the wins or losses we experience. We should start using these limits rather than later regretting that we have become addicted to gambling. Dont make yourself at practice because if we do speak about practice then you would really be needing to commit lots of mistakes before you would really be able to know on what you should gonna do. Speaking about nice hits then its not something that you should be having in mind but rather you should really be that putting focus into the capital that you do have.If you are intending to make use of those money to entertain yourself then its a good behavior or mindset but if you are chasing up something like those winning or profit then this would really be creating such desperation on which this is something not really that recommended on doing so. Its always been that ideal to set up those limits for yourself and never intend to go beyond those lines. Secure winnings and calling it a day on your gambling activity is something that wise to be done but unfortunately only a few could really be having that kind of control towards themselves and most likely people will really be continuing on playing gambling just because they have that kind of thinking that if they do able to make some wins then they could possibly be able to make more on playing further on which this had been a common thing for most of us. |
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Back then, the unpredictable and dangerous character of bitcoin markets resembled the wild west, necessitating both daring and prudence. Your wise choice to shift your cash from MtGox to Bitfinex was a watershed moment, and the problems you used to your advantage illustrate the type of agility required in such a volatile market.
Your initial suspicion about Bitcoin investors being dreamers or cultists underlines the digital asset's transformative potential, which has grown from a niche notion to a worldwide phenomenon. Your trading profits may not have equaled those of Bitcoin holders, but your transformation into a buy-and-hold investor demonstrates a greater conviction in the technology's potential !
I have a daytrader's DNA so it was very hard early in my career to be a buy and hold guy. I wanted to get in and out of things quickly. Even holding bitcoin for 2 months from the run from $200 to $1000+ was an extremely stressful journey for me. I can't stand 35-50% drawdown on my positions, it's anathema to me. Only later in my life with more financial security was I able to just put a little bit into bitcoin long-term and let it sit there. Seeing bitcoin stay relevant for as long as it has also changed my early point of view--it's the gold standard or blue chip tech stock (think AAPL) of crypto. If you've been dealing up with FOREX/STOCKS day trade on which having that 35-50% drawdown does really signifies that you arent really that good at it. Im not really that totally comparing out traders to other traders but you arent really that much that confident on daytrade but still if it does resulted out positive for you or profitable then you are just dong fine but its true that when it comes to stress then there's nothing that could be able to beat out and this is something normal but of course it is one of the reason on why trading is never been an easy venture. Now in talking about to those who had been able to hold up their coins a decade+ which its an amazing feat, for those who are aware of their stash then it did really paid off well. But there are those holders who had really just that remember their wallets or just got out from prison and remember their coins then its an another scenario. This is the beauty for those who do took up the risks specially into those early years or on the time that it was really just still starting. |
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Till now my parents are bearing the cost of my education, I have recently completed my college education and my parents wish me to complete my graduation by studying in a private university. We have a small cow farm and we have some cows in this farm out of which some months ago my father sold one cow and deposited about one and a half thousand dollars (I said the value in dollars for everyone's understanding) in the bank for my education. It will take about four to five months to get admission in the university. I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months. Although I think it's a bit late for me to invest. Maybe I should have invested when Bitcoin was 26 thousand dollars then maybe I could have made a good profit at this point but there is no point in regretting what I didn't do Of course I will think about the present now. I think the price of bitcoin can cross 40 thousand dollars so investing in bitcoin now will not be a wrong decision for me at all.
Depends on the situation because if you arent still needing those funds for a while or lets say for a year or 6-9 months then its not bad to take up such option but it would be always that wise that you should really assume that the thing that you do have in mind couldnt really be an assurance that it would happen knowing that market cant really be just having that 1 way to move or path to take on which means that dumping and correction could also happen to on which means that you cant really be able to assure that you would really be able to make yourself profit on a specific period of time knowing that prices do moves unpredictably. There's no way on telling on where it would be moving. What if the price on the time that you do need the money is on bear mode or bearish sentiment and make that capital of yourse become that negative? For sure you would really be hindering on the decision you would be making. This is why always consider out first for the risks involved and if you are that someone who could really accept those risks then this is the time that you would really be putting up such investment but if you are really that minding about those money to be that intact or complete in preparation of something then taking up risks would really be not your option to take. |
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Food shortages have being a big problems in the global world today where tremedious things are happening people finds it difficult to buy food especially,rice products,climate change has devastated the whole global world where crops can no longer do well in the farming system,believe with this new information about the crypto space can our climate change system be put together where there will be high rate of food shortages in the global world as a new beginner I want to know we can fix this things I mentioned.
How to survive? You would really be just simply needing money and you're good to go. Money is everything nowadays on which you could buy all the things you do want. There's no such thing about being cheap or expensive as long it could really sustain and make you survive on day to day basis,then no matter how those price changes then it would really be your least concern. There might be some outages which if that happens then importation would really be that be more and this causes for the price to hike up, but since you do have the money then you dont really care but if you are someone who is really that just an average wage earner then every minimal price movement could really be felt and there's nothing we can do here since its in fact the reality, which there's no way on avoiding it. Therefore, the best thing to be done is to find another source of income and job on which you could really be having some income stream. Mix it with some investment and business as much as possible. Expand as much as possible and repeat. You wouldn't really be thinking of any problems in related with goods and services that their prices are really that increasing since you could be able to afford then it wont really be that a problem. |
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Personally, I will keep track of my money being deposited in the gambling site and the money which I withdraw from the gambling site. The difference between the two can determine if I am in an overall winning position or at the losing end.
Getting your records of winning or losing from the gambling site does not make it look so serious to take any action about your gambling habit because anytime you visit the site you you will either booked bet or you check your bet whether winning or losing. I think write it down yourself when make you take fast decision. I don't see keeping record has bad idea, this will help in managing your finance during gambling, taking record will also control you and whether you should continue or quite. To my own understanding keeping record is good, it minimise your risk in time of losing everything. I never keep any records regarding gambling activities, the money I have spent is no longer mine and I am very aware of this when I start playing. The winning factor is luck, I will use the money to play in the future and buy the things I need. Keeping track of how much money has been spent and how much money has been won is very uncomfortable for me, any money I use to gamble is ready to be lost and the winnings are just a bonus that the casino gives me.
Everyone has their own opinion on either to keep the record or live it, we always find money to spend it, also any money we lose is also spent but we always lose money to get something back to replace that money. I understand you by saying taking record of what you spend make you uncomfortable, gambling is very dangerous it have many way of attracting gamblers the issue of taking records or not is to guide us when we gamble, the issue of not taking records affected my friend anytime he went out to gamble he always collect money from me because am the one keeping is money, so he will collect and gamble with it so any time he win he always bring back the money he collected and flex the gain he make and when he losses the money, it is out from the savings, later he came for the money I said no money it has finished then since then he said I should be taking record of every piny he collected. Yes, its true on which it would really be that according in someones preference on which there would really be those people who do really likes on tracking up everything even if we do say that gambling is really just that for leisure and spending up on the money which you had put or deposited isnt something that needs to be tracked since its really just that your extra but there are ones who are really that mindful about tracing it up and sees whether they are already that spending that much money or not with gambling. In my case, then im not really making some tally or trying to keep records because not only just that i dont really care on the amount spend, it is really just that i dont like on what are the numbers that been showing and on the time that you are seeing that significant amount then this is where it might be disrupting your mind and emotion on which it would really be causing some future problem towards yourself on the time that you do really get that impulsive. Not keeping records doesnt really make you a bad gambler, bad thing would really be only on the time that people would really be having that out of control behavior towards their gambling activity. This is why it is really that important that you should really be having that control and discipline towards your spending if you dont really like on making yourself that being too mindful about your spending since you have already allocated a fund which it is really just that supposed to be used on gambling thing. |
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The Inverse Cramer effect strikes again! October 11 Jim Cramer said on CNBC "I can’t go out with bitcoin because I can’t be in something where Mr. Bitcoin is about to go down big.” Just two days later bitcoin did the opposite and pumped like crazy. Whenever Mr. Inverse Cramer opens his mouth about Mr. Bitcoin I know it is a great time to buy in big. Depends on what you would really be that ending up on doing because sentiments like this is never been something new whether do came from with those known personalities or popular person or with some average joes on which it is really just the same. The only difference on here is that there are really that those price calls and sentiments which turns out to be totally opposite on what they are doing. Specially on making some bearish sentiment but actually they've known something that there would really be some huge buys laterwards and making the price going up instead of dumping. This is why its never been that ideal that you should really be making yourself that get easily believe on whatever words that you would really be hearing out on this space. Always better that you should really be that sticking with your own methods and ways on how you do handle yourself with this market. Going down big?It could be yes or it could be no, but since we are really not still on halving season then i wont really be that shocked if the market would really be still making out some that one time kind of dump or decrease into its price before we could really rocket into its price. There's no way on knowing on what would the future holds or what it would look like. The importance on here is that you do really know on what to do and assume out things that your analysis would really go out and would happen. |
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Here are some ways to control these emotions:
1. Don't expect much profit. For example: You think that you will become rich by investing in a coin.
2. After you have invested in a coin, you find that for some reason it has gone down in the market. At this time, without being emotional, you first look at the condition of the token, what condition it is in, and then take a decision with a cool head.
3. Avoid revisiting a coin after investing. You place a sell order with a specific target.
4. Trade according to market conditions. Don't immediately invest in someone's words.
5. Stay calm and try to control temporary emotions.
You can add "a profit is a profit," or, in short, don't be too greedy. I personally experienced this and learned my lesson in a hard way. What I mean is that in the past, when I started trading crypto, I couldn't get satisfied with a little earning; I wanted more, and because of that, I kept losing trades and still didn't stop because I wanted to chase my losses. Little do I know, I have become too greedy, resulting in more losses than earnings. That's why it's important to also control your greed; don't even think about being greedy. All you've stated is true and should be followed. Let's see more of the people in this forum to see what they will add to your list. I know many here experience a lot of stuff in terms of trading, and I'm talking about the negative happenings. But we are not perfect, so sometimes we still repeat the wrong deed. Maybe we just have to set boundaries to control ourselves. I couldn't agree more! A profit is a profit, and no profit is too little or too much. Sometimes, we do not recognize profits that we consider as "too little" because we are expecting for too much. And you're right, I have read several replies in different threads which tells that people who are often controlled by their emotions tends to result to a major loss and being greedy is one of the major factors for this. I believe that we cannot completely detach ourselves from greediness because it's all in us, but what we can do is to learn how we can control and manage it. Still, there is nothing wrong with expecting more, but sometimes we have to be grateful even in the littlest earnings that we had, because at the end of the day that is still a profit. But again, all the lists and the advice here are easier said than done, learning to control your emotions would take a lot of time and that is fine. A very smart way on making yourself that getting still in track or in line on your trading activity or career on which the main priority should really be making greens or profits no matter how big or small it would be on which means that you are really that doing good and something that should really be continued because you are really that doing fine. You would really be making out some adjustments later on if you do see that you could really be already to sustain on what you are doing or would really be able to make out that kind of survival on this unpredictable space. Mistakes are inevitable but once you do able to experience those things then you would really be normally be able to make out adjustments if ever you would be encountering on the same scenario or situation. Emotion handling is hard because we are just humans and we dont really like on losing money and this is why on the time that we are seeing the price is really declining and making those % negative in our accounts then it would really be just that normal for people to have such reaction. |
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I don't have much faith in low-cap altcoins, I don't think any of them will grow 100x or 200x in a bull market and most dump. Coins that have more liquidity have better prospects in the future. I think low-cap coins will be chosen by those who have good capital to invest. In most cases, low-cap coins are invested in the hope of higher returns, but many people don't know that it also comes with risks.
I think alternative cryptocurrencies are already riskier for investment. Many people here might think that because many of the major coins are low-caps that it might also give good profits in futures, but I think that's actually a misconception. The success of a project completely depends on the background and potential of the project. However, it is true that occasionally some of these alternative coins perform exceptionally well, but this amount is very small. In this case, the investor or the trader has to carry out various analysis of trading. However, there will be suggestions that such coins should never be long term investments and also investment should be in little amount. Because the chances of encountering losses are high in these, over-investment can expose the trader to heavy losses. It is critical to understand the risks involved. These small-cap coins frequently lack the liquidity, stability, and track record of bigger prominent cryptocurrencies. Values may skyrocket when the market is up, but they can also plummet swiftly when the market is down or when market circumstances are adverse. Price swings are frequent in the short term, but it might take years for a project to reach its full potential. A modest amount of your portfolio allocated to small-cap cryptocurrencies has the potential for great returns, but it's vital not to commit too much and to maintain a balanced investment strategy. To be honest, its about time that the obvious issues with small-cap coins were addressed. Far too many people leap into the cryptocurrency pool without realizing how deep the water is. Stability, track record, and liquidity are all essential, yet these coins frequently lack these. Its true that the attraction of plunging valuations can be seductive. But the aftereffects of a sharp decline? Its harsh. Investing in cryptocurrency calls for moderation and balance. Its not enough to place all your money on the newest hot currency and hope for the best. Having hope is not a tactic. They are knowledge, variety, and composure. Play wisely if you're participating in the crypto game. Oh, there's so much to lose, but there's also so much to gain. Take caution. Know your stuff. Stay in balance. Absolutely, I agree. It's important to hold onto assets and observe their movement over time. Some tokens may consistently hit new lows despite various factors like tokenomics. In the fast-evolving crypto landscape, some coins may become obsolete, remaining relics of a past cycle. There's no guarantee that a coin will survive or achieve new highs in the next cycle. In fact, it might not even reach a higher value than before. It's crucial to carefully consider the dynamics of the market before making investment decisions. We arent that blind not to see those people who do get rich on investing into some altcoins even though it turns out to be shit but with those random pumps and upward movements made by some whales did make the trick or such situation on which this is where investors do really hoping that they would really be able to experience the same thing and this is why they would really be taking up some consideration on making investment out of those projects even they do know about the risks involved into it and we know that chances are way too slim but of course if you do make out some DYOR with some potential projects then there's that kind of chance on which you would really be making some huge profits if the time comes that the market will really be having a bullish sentiment. Low cap coins? It do really give out that chance on making huge profits but guarantees? It wont really be that an assurance and to those people who do really love on not to take up a huge gamble or risks then they would really be just simply sticking into those known or top coins in the market even if they wont really be giving that huge multiplier kind of profit or return but at least they are really that confident that they could really be able to somewhat do deal up with something which it is mainly that been supported by the community. |
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