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4901  Economy / Trading Discussion / Re: Why Newbie Traders Lose money? | Risk Management Basics on: November 15, 2019, 02:13:58 PM
Are you one of that "Trade Gurus" and decided to reveal the secret?
Well, I appreciate what you wrote, don't take it wrongly but please can you answer me on one question? When you profit, it means someone loses yeah? So in any way someone has to lose, doesn't matter how experienced these traders are, one can't profit without another ones' lose.
And what about to forget targets? I think you can't plan economy because your plan of daily 3% may ruin chance of getting 10% profit or you even won't reach your target so this means your plans failed? And some may start digging to get that planned profit next day combined with tomorrow's plan and it will ruin everything, especially when we talk about newbies.
Thanks for calling me a trade Guru By the way. And yes atleast read the whole post before writing anything merely for money, don't take it wrongly yes I can answer your questions if they really are questions.
Lol, I think he's really confused.. The only thing that matters to me is myself when it comes to trading. Whether someone is losing or not is none of my business. I don't see why I should be worrying about what others are making and what they are losing, when my main concern should be on my own trade and whether I'm earning or not. If someone is losing then it's best for them to quit.

I appreciate that you took time out to write and teach all these because it's not everyone that has this kind of time, I can't even write this much. And to be honest, this is the first time I'm seeing anyone break down risk management to this level where it's easy to understand. There are many people who don't know this, and they will find this helpful. There are lots of things to learn in trading and here is one of them.
4902  Economy / Trading Discussion / Re: Risks with using trading Signals on: November 15, 2019, 01:37:14 PM
Trading is much more than just signals. It’s a life.
This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about.
That's right. I have not made use of this signal of a thing but I have seen people who make use of it and they are not being successful. Funny thing is that these people still continue to use it, hoping that they are going to someday get an accurate signal. I have not seen anything that will convince me to join any signal group, though some claims that VIP signals are always accurate, I still don't know if that's true because I have not seen anyone that uses VIP yet.

Using signals are just risk, the best is to get a professional and learn from him or her how to trade these assets, instead of being deceived by these scammers. Or if you don't know how to trade on a daily basis, you can switch to long term investments (HODL). HODL is more easy than when you're into day trading.
4903  Economy / Gambling / Re: 🐺WOLF.BET - Provably fair dice game 🎲 $1,000 Daily Race💰7-day streak bonus🔥 on: November 14, 2019, 06:59:54 PM
Question about the wagering amount to get to alpha or others,,, is this value going to be fixed when I gamble today or will it fluctuate according to the price of Bitcoin?

For example, today if I wager 1 BTC, it means I have wagered around $8500, but if the price of BTC goes to $1 million in the future, will my level and rakeback increase also?Wink

I'm afraid that right now it is still fluctuating, but we will fix this to be recorded on the time you bet! I'll update you guys on this once we do Smiley


Also, congratulations to today's Top 10!

Oh, no worries,,, I guess I was only asking because I see from other sites that their leveling is fixed at BTC, so those who gambled 5 years ago of course can easily get 100 BTC wagering value, whereas today if you wager $10k worth of bets, in most other casinos you would be a high level but even 1 BTC these days at most crypto sites is a low to mid level;)

Thanks for the response;)
Yeah, I did something similar before as well, primedice used to have a level up deal (something different from the current place but it was also similar too) and I gambled at lower levels when bitcoin was really low and I reached to a level where I was literally getting 10k satoshi faucets which was amazing because all it took was a one 10x win to get there.

After a while I realized the price was going up and I couldn't gamble as well as I used to and the price was too high but my level was still high and I was still getting a lot, so now I got 10k satoshi faucet but I wasn't gambling even 10k satoshi after a while. Same thing happened with a ton of places, you gamble with bitcoin when it is 100-200-500 dollars but it reaches to 10k and now people can't gamble that much but you still have that VIP.
4904  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bull Run is coming! on: November 14, 2019, 04:25:41 PM
This is a very good sign of adoption, and very soon, we will see the logo of bitcoin on every supermarkets, every grocery stores and virtually with any merchant you can ever think of, so bull run is not what I am even expecting but a sustained technology with very massive adoption to be seen in near future as we grow deeper in the use of bitcoin.

I have seen bitcoin in the entertainment industry, I have seen bitcoin in the football section also and many more which each time I see bitcoin there, it motivates me to be waiting patiently with my investment in bitcoin as it would be in the future that I will have all the benefits of staying with bitcoin and using it when bitcoin start growing from this present price to about $100k to $500k per bitcoin.
4905  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Realistic 3x - 5x on: November 14, 2019, 03:09:55 PM
Realistically, without pump, these projects are meant to actually be able to meet up with that target with their real use case, because they all products that people are meant to be buying, while they will continue to grow in value, but there is still very low adoption of cryptocurrency and you hardly find people making use of these their real working product even if they are trying their possible best to make it known to the world.

For now, the only way left for these altcoin to reach that 5x is when there is bull run, and that is usually with the help of serious hype and FOMO during that time, which we know that the increase usually does not last as much because it is not a natural one. The only coins that I see that with time for now can do that 5x are basically the top 5 coins.
4906  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Bounty Hunters Please Explain This ? on: November 14, 2019, 08:03:32 AM
In fact, any campaign that you see now should be seen as a childish developer except the it is being released through IEO platform because that is the platform that investors still trust for now to get them a genuine project. Investors became less interested in ICO ever since they released that virtually all projects that they out in their money ended up in the pocket of those that are not serious about the project or really have anything to offer to the public and you and I know that there is no market without these investors.

I think these projects have really bitten hard on the tail of the finger that feeds them and now, they are lacking the interest of investor that is needed to generate money for the project and moreover, hunters too are being so skeptical about projects too now.
4907  Bitcoin / Bitcoin Discussion / Re: Disney plus+ service begins today. Do you think if they accept a crypto on: November 14, 2019, 07:23:54 AM
If they wanted to buy into the idea of cryptocurrency as you innocently think, I think that you would have already seen it and I think they would have incorporated it into their system before releasing the project, that is if they even have the plan of doing something of such.

Even if they decide to join the cryptocurrency sphere, they will only end up creating their own cryptocurrency which I don’t think that we will still have many user that will accept it as it will still be more like a centralized coin, and also, it will still take a very long time for them to be able to enforce the use of cryptocurrency for their project which their viewers will prefer to still deal with fiat as it is still the simplest means of making payment for things like this.
4908  Bitcoin / Bitcoin Discussion / Re: Never possible earn free bitcoin without work. on: November 13, 2019, 07:00:32 PM
I don’t want to believe that anyone has that mentality that you can earn free bitcoin without working when the market is not full of lotto games or gambling games. The simplest way of even accumulating bitcoin which is even bounty hunting, it requires lots of works and lots of time, so there is no way that a person will ever think that you will earn bitcoin in anyway free.

The list of way to earn bitcoin that you have here is really some of the best way to gather some cryptocurrency, and I think I have explored many of them in the time past, which the one I have decide to stick with right now is the one of trading. Trading bitcoin is actually still the best and fastest way of accumulating more bitcoin provided that we have some skills for it.
4909  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ANALYST: ALTCOIN SEASON has almost arrived on: November 13, 2019, 02:32:06 PM
My problem with analysts is there over smartness in giving open ended predictions without time frame and thus limit. It is as good as someone with basic economics knowledge saying that bitcoin will get back to 20k usd which is pretty much like a fact with all the news of adoption happening lately
I am not even sure that the so called analyst have the right formula to actually be able to predict the value of bitcoin accurately, and many analyst that you have been listening to are actually using their influence as a popular public figure to actually manipulate the market depending on their influence on people which is why you could see that some of their prediction comes true, while some does not come true, so I will say that it is just more like the same speculation that everyone is doing that they are all doing also.

With volatility, it is very difficult to know the exact amount of value that a coin will grow to except we judge it from the perspective of adoption which everyone will be able to do that according to the technology of each coin.
4910  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is it Possible Stellar Lumens/XLM Reach $100 on: November 13, 2019, 01:19:01 PM
Quote
After observing “diminishing results” from its token giveaways, the Stellar Development Foundation chose to burn 55 billion of the existing 105 billion lumens (XLM) rather than mostly distribute it via airdrops and partnership programs
Although the token supply had been effectively reduced by approximately 50%, the price of XLM only went up ~20% after the announcement
Source

Right now price of xlm is 0.079 USD even this decision wasn't able to take price to 1 USD.
I don’t expect the action to have fast effect on the coin just like that, it will take a while on the subsequent demands and transaction on it before we can start seeing it having positive effect and to say that it will not be possible for this project to reach 1 usd is really an insult to the team because these team has worked so hard to build a profession, solid and real working project.

This coin is still among the best coins that we have in the market and you should even respect them for this for them to have been having a good story to tell even in this bear market and the teams are still working so hard on the project. If the bear market can be over, that is when you will really see how powerful the technology that they have is which I believe would even make the price to reach up to $10 in the future.
4911  Economy / Gambling / Re: bustabit – The original crash game on: November 13, 2019, 12:30:42 PM
For rare events is made a reset to the initial bet. Doubling does not go on forever, the loss after the last unsuccessful bet is overlaps by subsequent successful ones which will go after the reset. There is a certain balance in the system of doubling bets, at some moment it ceases to work in plus and begins to increase the loss in progression.
What people also sometimes forget that each bet is actually individually separated. So, even tho it looks like there is a small chance of x1 happening twice in a row it is also as possible as anything else. There is literally a 50% chance of being x1 on each bet and not being x1 each bet. There is a gamblers fallacy that looking at odds you go and say if it happened once it is rare that it happens again but those two bets have equal chances of being x1.

I can understand why people think it is rare and I do see it rare too but it is actually not, both those bets have the same amount of chance of being x1 and have nothing to do with being back to back. Same goes for good ones too, there is a chance of x10 happening twice in a row too, so don't look at it only from the bad side.
4912  Economy / Gambling / Re: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting on: November 13, 2019, 11:57:45 AM
We were both me and toma lucky that the in-form guys did not disappoint. and as I said Son and Deulofeu weren't the toughest picks either, we just didn't pick them.
Indeed, lady luck smiled upon us  Wink

Already received my free bet:
[im g]https://i.imgur.com/I3sdv85.png[/img]

I think I'm gonna use it in the next Euro Qualifiers matchweek, what about you @buwaytress?

Good to see some active members here won the freebet from the Majestic promo. Grats to you guys, unlucky me I have not made any good results so far. Last week I got 3 out of 7 only, cant break my own best which was 4 out 7 few times already.
By the way, is there any expiration date of the freebet? Or we can use it anytime as we wish?
7 out of 7 seems to be a challenge that nobody has figured out yet, has anyone managed to get 7 out of 7 before?

If so do we know who he is and has anyone wrote here? Maybe some people got it correctly but they are not bitcointalk members (the numbers of non-bitcointalk people who are interested in bitcoin grows everyday) and didn't know fortunejack had a topic here as well. That seems like a plausible possibility but from people who have been bitcointalk members and writes here I have not heard anyone getting 7 out of 7 before.

I am working hard to be the first one but premier league has been full of shocks every single week, even 2-3 teams manage to get results they were expecting, others fail to get it and we end up with this kind of weird week where some big major team gets a draw or loses so it has been very difficult.
4913  Economy / Gambling / Re: 🚀 Sportsbet.io - Main Club Partner of Watford FC ⚽ Fun. 🏀 Fast. 🎾 Fair. 🏆 on: November 12, 2019, 04:35:25 PM
^ Yes, I too checked and it looked alright, I suppose it was a momentary thing that I didn't catch up. Since the website is back on maybe we should discuss what we could bet on City when they are in Europe. Like cryptofrka said, will City start to focus more on champions league and play their best players on those games and just try to take the premier league at ease or will they actually try to keep up working hard for a "just in case Liverpool slips up" situation.

Liverpool tried their best to catch up to City last year for any case they end up losing but City just finished the league strong, maybe City will do the same, we are really early in the league right now so 9 point is basically nothing, all teams will lose 9 points until the end of the season so maybe they could give it a shot or just switch focus.
4914  Economy / Economics / Re: ‘Bullish for Bitcoin’ — China Scraps Plans to Ban Cryptocurrency Mining on: November 12, 2019, 12:27:13 PM
I am looking forward to that, I hope that the price of Bitcoin increases. And not just Bitcoin, I also expect that of ETH to rise as well. It has been stable at $180+ and not making any move. If the BTC bull run comes, I hope that ETH will be among coins that will increase in price as usual. There are other coins I have invested in, Stellar XLM, and Waves.

Good to see that they finally allowed the mining, though another thing I'm wondering is whether the use of Bitcoin is allowed too, since they only mentioned mining? If they have now chosen to allow everything about Bitcoin then we are going to see a huge increase very soon as most Chinese that has quit due to fear will start coming back to invest in Bitcoin.

I supposed they have tons of free and wasted energy that it is why instead going to nothing they will allow miners to operate and get from them taxes
And that's another angle Cool. And to be sincere they are going to benefit from it very well since energy is cheap there, unlike other places where it's expensive. I hope this is for the better for the crypto community.
China knows this also, and I think the time they quickly made a pronouncement was when the widespread of cryptocurrency usage caught them unaware which there was not much time then to quickly study it, but I think china being an intelligent country, having studying the blockchain concept very well, and even the use of the cryptocurrency, they found out that it could even be more useful to them more that they had imagined in the past, and I feel this is one of the reason why they are all in for it now, as we can see that they are also planning to release their own coin come next year, but my hope is that when they are releasing this coins, one of the pairs that they should accept is bitcoin because this will really boost the value of bitcoin.
4915  Economy / Economics / Re: Would you use FB's Libra? on: November 12, 2019, 11:02:11 AM


With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?
Of course they will, there are so many people that Facebook has actually taken their business to a very great height with the use of their platform for ecommerce business, and Facebook building this coin will actually be of benefit to those people more, and you can imagine the number of people that are really using Facebook platform for their business.

Secondly, one of the things that I feel we still lack in the adoption of cryptocurrency is the lack of merchants to help in enforcing the use of cryptocurrency and the only way they can enforce it is when they are accepting cryptocurrency, this is what I know that Facebook coin might target more, just like PayPal, they will target more or merchants who are the ones that will enforce the use of these coin on their platform.
4916  Bitcoin / Bitcoin Discussion / Re: Bitcoin and tax in your countries on: November 12, 2019, 10:20:55 AM
My country is not really looking into the area of cryptocurrency yet and I think it is not that much popular for the government to keep an eye it, I mean not popular to the government but the number of users of cryptocurrency is still quite high, just that we don’t make noise about it unlike the government, and since it has not affected their own government in any way, they are not so much paying attention to it.

I don’t know of the future, but for now, no government of mine is interested in cryptocurrency tax, but I believe that in future when cryptocurrency will become so popular, they will look into it which I don’t think I will ever pay it since I will be operating with a decentralized coin and also a decentralized exchange that makes my transaction untraceable.
4917  Bitcoin / Bitcoin Discussion / Re: People are underutilizing Bitcoin on: November 12, 2019, 08:17:32 AM
Full article: https://www.forrestvisions.com/blog/people-are-underutilizing-bitcoin

People need to start accepting Bitcoin and keeping it, not converting it.

If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.


Thoughts?
People are not keeping bitcoin in their wallet because they are still considering it in the fiat aspect of it, because if we understand bitcoin very well and we want to use it as payment, we will know that there is no way that volatility can affect the quantity of bitcoin itself, but of the fiat equivalent of it.

I was going through a post recently and I saw where someone actually made us understand that it is not the fault of the users that are converting it into fiat, but the fault of merchants that has failed to receive it and those merchants that are receiving it are also not keeping it in their wallet, but changing it to fiat which is still making us to encourage the traditional banking system and that is why we see that these institutions no longer complain again.
4918  Bitcoin / Bitcoin Discussion / Re: Business ideas with 60 Bitcoin? What would you do? on: November 12, 2019, 07:39:42 AM
If I were you, I would forget about establishing those projects for now that we are having lack of interest of users, as you see that most project that are being established are really not making it that much as far as it involves cryptocurrency, many people prefer to use the old coins for both payment and for investment purpose only.

Since you have that amount of bitcoin, I would just advise that you keep it in a fixed deposit first where you will not touch it and then take some time off to engage some quality traders that would train you fully in trading your coin, which if you know how to trade very well with necessary skills, you could be making $50k every month with this currency market situation, so I would advise to you take trading business up.
4919  Economy / Gambling / Re: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting on: November 11, 2019, 05:02:24 PM
I only got Vardy and Salah this time around, I don't know how I got so bad Cheesy I mean Salah was expected in a game like this and figuring that out is not really that weird, mane or Salah usually scores in every game so if you say mane you are half right anyway or if you say Salah same thing.

Vardy is one of the best strikers in the league so finding that is not really that great neither. So at the end, finding 2 out of 7 is not really that big of a deal, I made probably the bare minimum, I don't know if you could get any worse than 2, if anyone did worse than 2 I fear they have no idea about premier league at all. I will aim at at least 5 next time, I know that is not much but I kinda feel like I have to prove myself I am not a newbie with the next time around.
4920  Economy / Gambling / Re: 🐺WOLF.BET - Provably fair dice game 🎲 $1,000 Daily Race💰7-day streak bonus🔥 on: November 10, 2019, 04:41:19 PM
great work from wolf.bet team to listen to feedback and improve accordingly

Yeah, that's what I like most about them, they listen carefully to their customers and add improvements accordingly.
Last time I said that I didn't notice the VIP button and here is what they did:
[im g]https://i.imgur.com/chF6RAp.jpg[/img]
 Smiley

Quote
maybe one day if I could actually figure out to make some money eventually and get richer than I would be able to gamble here enough to be in top 30 as well.
I think it is the other way around. You should gamble to become richer  Grin
Lol, tried that, hence why I am not rich anymore, I used to have a ton of btc (back when btc was very little) and almost all of it went to gambling, of course I lost couple hundred dollars at most back in those days and nothing major but if I kept them as btc and not gambled they would have been a lot now Cheesy.

It is fine because I am not really looking to dwell on the past plus if I didn't gambled with it and it went anywhere near 500 bucks per btc I would have sold them anyway Cheesy. So, now I am looking to build a good portfolio and not only have a decent amount of money but also network with the right people so I could start some crypto thing.

Back on wolf.bet there is literally no one that listens to their customers anymore, its a shame because feedback from us would make website more fun for us and since we are the users we are the only feedback that matters, thankfully wolf.bet is not like the others.
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