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I'm type of person who usually spends time in gambling, during this community lockdown; I got more time to spend it in gambling. Yes it makes me happy but not always Christmas, what I mean is I do not always win because it is a game of luck. But the thing is I have high winning rate that makes me to survive and grow my capital. I usually play dice games and also some cards games.
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You want to quit your job and take care of your valuable life to do what you want to do in life, then you should start investing and start generating your passive income that can give you stream of cash flow every months without working, so that you can begin to planning your life and travel to enjoy what the exciting world await your visit. Don’t wait until you’re too old, start investing and living the life of your dream.
There's nothing wrong with your statement because I also believe in that. However, it's not always applicable for all the people specially those people from third world country. What they are earning isn't enough to provide their needs thus they can't save money for the investment that gives passives income which you're saying. On the other hand, there is always a way and if you're can find that way then you should create your own. I still believe that each of one of us can be successful no matter what stand we have in this life; we just have to make our own path to make it happen. But still there are ways in order for them to make investment, they are afraid to invest their money because they do not like risk. They are afraid to lose what they lose, even if they are from the third world country; there are ways to improve the quality of their lives if they will work smart. I'm from the third world country and before I'm part of the lowest socio economic class which is the poor and I managed to overcome it through investing. For those who want to quit their job it is really better if they will now start investing and start taking risks. |
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In my opinion, the only opportunity for a positive growth in the cryptocurrency market today is halving 2020. Of course, questions will arise, Why exactly this event should so strongly affect the cryptocurrency market. I view this event through the prism of previous halving, when bitcoin prices began to rise too actively. And if Bitcoin prices go up, then the entire cryptocurrency market reacts positively to this.
But halving isn't the only opportunity for bitcoin growth. For making an example, in 2017 when bitcoin got an ATH, there was no halving but increase in awareness and demand that made that happen. The different now is that people are expecting halving for growth. Seriously we could even expect a drop from bitcoin, that is not a wrong thing to expect, you can be bearish on bitcoin time to time, if it is often or all the time that is really bad because always want people to want bitcoin to be bullish, however if you are rarely a bear that is fine as well. Bitcoin was $20k at one point right? Being bearish during that time wasn't a bad idea and I would totally understand because it was grossly overvalued at that time, it is only natural that it would drop. However right now that is not that day, right now is the day that we go back up, right now is the time we can actually make a jump higher. So, you can tell everyone that you do not expect a continuous growth all the time, but you should expect it on days like these at least. Their high expectations can results to their frustration, they keep expecting that the price will straight to go up without considering the major resistance that the bitcoin can face. They think that the bull market will happen forever and that is why they keep holding their bitcoin, I'm not a speculator and I focusing my decisions base on what happening in the price. Before the price go down, I manage to sell my bitcoins because charts doesn't lie. |
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People who doesn't have control over their emotions are verge to lose their money because they are not fully prepared on what may happened. I have control over my emotions and it is the reason why I can say that I am profitable in gambling. I'm not a arrogant person but I just saying that having control on our emotions have more advantage.
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I was not really expecting that hard fall from the price, I expected the price to somehow stabilize at $8K range and that literally shaken the world of most of us. The price is indeed recovering now, the last time I checked it, it was about $6400 then now it is about $6K only, good for me I did not bough yesterday though. I think there will be no pump at all even after the halving if we still have a large number cases of corona virus and we still haven't found the cure of it. It sucks.
The panic that happened results to pulled out of the investments of some investors, that is the reason why I still not seeing the bitcoin as safe heaven where it can protect our wealth. It is also vulnerable when there is a financial crisis out there like what happened right now where the cryptocurrency market are also affected to the dumped. |
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I think this is the time for bitcoin and cryptocurrencies to be approved in south korea or in other countries because the only reason why south korea started to quarantine and to burn their cash is due to Corona Virus, so if people in south korea had been using cryptocurrencies they don't need to quarantine cryptocurrency because it could only be access and transact through online.
I think the main reason why they are burning their money because of what I have read that the virus can also spread because of the money, I don't really know how that could happen but I think that is the main reason why they are burning the money since the virus is really spreading and it is now a pandemic disease wherein it is spreading all around the world. But it is indeed a good idea to approved the usage of cryptocurrency as of now for them to make the transaction even if they are not holding physical money (fiat). Right from time it’s very important that after touching money you should wash your hands and keep them clean before touching any other thing, like your skin.
Cash circulates around and is touched by a lot of people, so it’s not good to touch cash and not wash your hands. They have really taken a good action by quarantining cash and burning them, that will be very good. And now is the best time for people to start making use of cashless means of transactions like cryptocurrency (Bitcoin), mobile banking apps, PayPal, WeChat, Payoneer and other electronic payment methods, that way there wouldn’t be any contact with anyone.
The virus maybe can stay into the money that is why it is really good to wash your hand before holding money. It is just for your own sake, the South Korea's idea is indeed good so the money that is carrying the virus cannot spread and infect their citizen. What they did is good because they managed to stop the spreading of the virus. Their government are aware that any formed of cash can also be a carrier of the virus that can infect many people. I think it is really the best time to use virtual currency that can reduce the risks of other people exposing to the virus and can lessen the community transmission. |
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If businesses keep closing and the stock market keeps sinking, I'm pretty sure bitcoin (and the entire altcoin market) is in for more pain, and it's not going to end until this viral outbreak gets under control. These things tend to burn themselves out naturally, just like seasonal flu and other respiratory infections, but who knows when that's going to be--and right now everybody is panicked and cash is king.
But another panic? I'd say the drop from $10k to $5k was the main panic drop, though I'm not confident that bitcoin couldn't fall even more. It sucks to see the markets like this, but there's not much anyone can do except to take advantage of the lower prices.
We should be prepared on what will happen, the outbreak is still not done yet and most of the business are affected because of the virus. The panic is out there and we should not yet be confident even the price of the bitcoin goes up in these previous days. I know that we should still be careful because the dump can happen again. |
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We have different opinions, different skills and thoughts so we cannot say that one strategy is better than the other. I also a trader and I cannot say that I am more profitable than holder because it is very childish for me. Boasting one strategy is not good because it can only destroy reputation. I was a holder before and I also earned money, the important thing that we only should consider if we are making money from it even if it is in trading or it is by holding.
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Onting update lang tayo. Simula kagabi ng mga bandang 8:00 PM, nagbigay ng senyales ang Bitcoin pataas. Ngayong umaga ay umabot na ito ng $6,000+ at tumataas pa. Maliit na good news ito sa mga investors na nag-invest noong $5,000 pa na katulad ko. Ano kaya ang dahilan nito? Tapos na kaya ang dumping phase ng mga whales at accumulation phase na ulit tayo? Dahil ba ito sa stock market? Onting discussion tayo mga kabayan kasi puro nalang bad news at coronavirus ang naririnig natin haha. It is a good news pero wag pa din tayo mag pa kampante kasi nga mataas pa din ang selling pressure, may malaking posibilidad na bumagsak pa yan dahil may pani pa din na nangyayare dahil sa COVID-19. Sa katunayan na nag breakout ang price kahapon at kapag nag reset ito at hinde nag breakdown then masasabi na may willing na buyers na ulit. |
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it is not COVID-19 that has affected bitcoin price, it has never been because there simply is no relationship between the two. it is literary every other market that has been dumping and the fear that the weak hands had thinking there should be a dump in bitcoin too so they jumped the ship. with whale manipulation accumulation on top, we've got ourselves a big crash  There is no relationship between these two but thing is people behave based on what the situation outside. As what you have said people are simply panicking, fearing and having a weak hands so basically this is because of the pandemic. This isn't just a coincidence that's for sure. They are panicking because the current situation is not normal where it is not like the recession that happened in all these years. The crash happened because all of the financial markets are falling where people are now want cash in order to preserve their wealth. The crash means that investors are pulling out there money because of the fear, we should be prepared more on what will happen in the market because we are now in the oversold zone where the sellers are in control. |
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I've been trading for a long time and I've been wondering about other trading practices and habits. It's been years since I started to trade cryptocurrencies and I built some and practices like when I wake up every morning the thing I will do first in the morning is to get my phone and check the market price of the coins/tokens I have, I built a practice on checking the price each time I got extra time or when I think too, I don't have a single day without doing this practice unless it has a certain circumstance like having no power in my device.
What are the trading practices that you have built over the countless trades you have?
There are habits that formed when I started trading, I also always checking my portfolio when I wake up every morning. I also do charting every morning in order for me to know the entry and exit points that I can use to get or sell my positions. There are a lot of good habits that formed because of trading, I also keep reading different books and vlogs that can help me to become profitable trader. |
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Nakakalungkot lang, kasi nung 2017, totoong may value ang airdrops at mas malaki ang value ng bounties kahit sig campaign.  Ngayon wala na halos, puro scam pa para makuha personal info mo sa KYC Kaya nga eh nakakamis yung taon na yun talagang malaki kitaan sa crypto, ang daming btc paying sig campaign na open nung time na yun tapos ang laki ng value ng sahod sa php masarap lang balikan. As of now mahina kita ko sa crypto pero ang maganda naman hindi ako nawawalan. Dagdag ko na lang sa napundar ko kasi yung sahod ko sa sig naiipon ko din. Recently bumili ako ng samsung tv (though installment sya) yung ginamit ko pang down eh yung kinita ko sa sig. Hopefully this year gumanda ulit ng tuluyan ang market para makabenta ng alts na matagal ko na hawak. Naabutan ko din yung mga highpaying sig dati tas ngayon humina na yung mga sig pati na din yung mga bounty campaigns, ang focus ko ngayon ay ang pagtratrade at dito ako kumukuha ng pang gastos namin sa araw araw. Pero hindi naman ako araw araw na nanalo sa trading, aware naman kayo na it is a game of probability kung saan wala tayong kasiguraduhan na magkakaroon tayo ng 100% winning rate. |
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There is correct coin, all of the coin have risks and its up to your risk appetite on how much risks that you can take. I prefer to you that find a coin that have momentum, it only indicating that there are market participants where many buyers are interested. Find also coin that have high volume if you will day trade but the volatility is so high and you should have a lot of plans before you enter your trades.
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This year is full of opportunities where we can grow our money through being smart and being knowledgeabls investor. If you look at coinmarketcap.com, most of the cryptocurrencies are starting to recover especially ETH where it is has the highest YTD. If you want to make investment then do it, do not let your fear controls you. You can grow your money by investing but be sure that you have enough knowledgs to handle the risks.
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Do you think Bitcoin price can reach $ 12,000 this February?
It's totally possible to reach that price this month, we already attain to hit the 10,000$ and by just hitting this price it causes plenty of predictions like it will gonna hit 100,000$ by the end of 2021 and many more. I just recently check the price of bitcoin and it seems we already surpass again the 10,000$ and based on the current of bitcoin it's now around 10,273$ and I'm totally looking forward if this month we can really attain to reach the 12,000$. There still a plenty of days left this month and the movement of bitcoin still looking upward and even we see a sudden drop on its price yesterday, it seems there's nothing to panic and it's normal to happen. I know there are some people who are FOMO in the current state of bitcoin, but for me, no need to carried away and just invest and hold your bitcoin. It is possible as long as the price of the bitcoin will not break down. The current retracement of bitcoin is healthy and it seems that there will be an upward movement that will happen again but it is just my expectation and we should be aware that there is always risks. Anything can happen and we should be prepared on unexpected situation in order to lessen the risks. |
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Didn't we already felt the upward move from the past couple of days or weeks?
But I guess there is nothing wrong to expect another one since we are having a halving this year and there could still be much more to expect before this year ends.
The price of crypto is too hard to predict we couldn't tell what could happen tomorrow.
I do not believe in opinions of self proclaimed analysts in the internet because it is just mere opinions, I only believe and follow my own analysis. There is a strong upward move that happened in this past days but still the RSI of bitcoin is not yet overbought. Those strong upward move are most likely happen above RSI 70 which is not yet happening. I expect that it will happen in this month after the current pullback. |
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If you fail in trading, it doesn't mean that you can never become successful trader. Failure is a part of trading process where it is the time to know our weaknesses. I've fail many times but I'm still trading where my win rates are now higher than the past years. I'm not afraid to fail because it makes me strong, if you fail then move on and identidy then use the lessons that you get from it in order to become a better trader.
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No mechanism or system can stop human for doing what they are addicted to, so I think you should focus on yourself development with regards to gambling, This closing account feature will not be useful (for me). I believe that the majority of the gamblers will agree with me.
Don't you think this is sarcastic? I mean, how can someone going to have his self-development if he keeps playing gambling. As you mentioned above, an addicted person would do anything to feed his addiction, and that being said, it means that in order for him to create something in his life that will benefit him in the long run, he should closed his account or stop playing gambling for good also. Because to be honest, implementing the self-control functionality in a gambling site would make the gambling addiction problem even more chaotic than before. For me having self control is one way to achieve your goal and icreases decision making capacity. When we practice self-control it becomes easy to us to decisions because our minds swap to simpler process. And I think when we do it regularly there is a better chance at being able to move past and they avoid situations in which they have to choose between desires. In order for us to have self-control, we should first focusing in our intrapersonal skill which is skill talking to yourself because it is a way in order to improve our psychology when we do gambling. Most of our decisions are base on our emotions, if we have self control then we can have proper decisions and avoid mistakes in gambling. Addiction can also be avoided if we focus on improving our self control and enhancing our psychology when we do gambling. |
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Normal kasi yung pullback ng price ng bitcoin eh, ang hinde normal eh yung parabolic moves kung saan di nag rereset ang price. Healthy pullback ang kasalukuyang nangyayari sa bitcoin, mapapansin na ang volume ay bumababa din habang ang price ay bumababa. Wag lang mag breakdown ang price ng bitcoin kasi kung nangyari yun eh hinde yun magandang sign pero sa tingin ko hindi mag ssnap ang uptrend at may momentum moves pa ang price ng bitcoin.
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