One thing is to give warning to people against taking loan to gamble and another is left for them to accept the warning or not. Imposing a ban doesn't make them not scramble for other means to attain loans to use for gambling. Many gamblers do this alot and it baffles me what gives then the guarantee that they are going to win and recover their losses to be able to repay the loan money when they couldn't get a win when they were using their own very money that was taken as a loan. It's stupid and silly yet people do it and am lost in the ideology behind that action for people who this.
Some of the people that use loans for gambling needs help. Most is them cannot control thier gambling activities because they are already addicted. They have no guarantee that using loans for gambling will turn out well but the problem is that they have lost control of themselves. Such people might need to take a break from gambling and return back after some rehabilitation processes. They really need a help support and thorough rehabilitation to bring them back on track. It can be considerable and understandable should an individual take a loan to support an investment especially like bitcoin even though it's not advisable but taking loan for gambling is out of context and a pure exhibition of gambling addiction. The only break necessary for such gamblers is rehabilitation from specialists and support from family and friends to help them regain their self control and be able to always consider the consequences of any action they want to take before going ahead, because it seems gambling addicts careless about consequences that may arise from their actions. Rehabilitation or something that do connects or talks about those kind of treatment or professional help wont really something necessary or i should say that this is really that only good for your last resort because spending up with those prof fees would never be worth if the patient or that addict will really be not willing to quit up gambling for good on which basically means or shows that it would really be that pointless on making up such step or option. This is why it would really be always that recommended that it is really better that self acceptance and realizations because once you do able to make yourself do able to mind those things then addiction could be easily quit up. On the talks about taking or spending up some loan money for the sake of gambling? It is really just that suicide. As much as possible it would really be always recommended that you shouldn't really be taking this step because paying up some loans does really have those long terms or months need to be paid but the fact that those monthly amort for repaying would be taking months but spending those loan money is really just that almost instant. lol |
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I have been watching my friend very closely; he was very impatient with trading. And this impermanence keeps him at a loss most of the time, which is really very frustrating and sad for him.
~~
But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community. And l also read several posts on the forum saying that he is now much better than before, patiently trying to work on crypto, which I'm really glad to hear.
Those mistakes can lead towards a charge to experience because if you learn at your own you need to focus with that thing and of course, there's money involved no one wants to lose their money because of just a single mistake, traders learn from their mistakes and failures but people who keep doing the same mistake for sure does not improve at this kind of rate. People think once they join the world of investment trading they can easily earn a lot of money in just a single night or a week here but no takes alot of effort, hard work, failures before you make yourself builds a good foundation to make a less risk trades. Mistakes are the best teachers on which there's no way that you could really be able to skip out on experiencing these things along the way since we are really just that planning to have engagement with trading. Its never been that easy and its never been that so simple on trying to take grasps on everything. It would be taking a long time and tons of mistakes and errors before you could be able to learn. If your friend would really be that so impatient on learning it then just let him be, because if he's serious on learning up things then then he would really be just easily make out some adjustments because this is something that you would primarily need. Trading isnt easy but doesnt mean that it would be impossible for you to learn up.It is really just that it would really be needing more effort and time to be spent before you could be able to acquire those skills. |
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Of course, the key to successful remote work is good communication and all team members know what to do, most problems occur because there is no good communication, besides that the head of department must understand the job description and be able to provide solutions if problems occur.
Basically, working together well/compact, I admit, is the best thing of all time, because all work is done carefully and really understands the situation and conditions within the team. This is really important, because a series of remote jobs that experience problems due to lack of communication between teams, this often happens in remote work. Remote work can actually be done well if they can communicate well, because even a little bit of poor communication can make serious problems, It is also unethical if only with miscommunication the work falls apart, even though this is trivial but it can have a big impact on work so Communication has an important role in remote work. Also as you said, working together in doing a job will help the work to run well without any serious problems. As for employers then they do really have those prerequisites that you do need to consider first before you would really be taking up some application on a certain job on which having that stable internet connection and having a minimum spec requirement for your PC/Laptop is really that a standard thing and speaking literally about having communication in between co-workers then it would be always suggested because you arent working on a space on which you could meet up face to face but something that we do speak about remote work then making those kind of arrangement in terms of handling then it wont really be that so simple. Now that we are living in a world on which most work nowadays could really be done remotely or could be done online. As a remote worker then it would really be that needing up those common sense on what are the things you do need to do or making out adjustments accordingly. Efficiency and effective working would really be entirely be depending on how you would really be dealing with it. |
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I am a government servant, working in regional land office. At the end of five years of my working life, I have spent part of the salary I received during these five years for family and saved part for future. I have been saving my money in the bank for more than five years for the purpose of saving for the future and purchasing a land. If I were to mention the amount of money I saved in five years, it would be about 11 thousand dollars if converted to US dollars. My plan was to buy a land with this amount of money but whenever looking for land to buy land my idea completely changes because the lands I like will not give me this amount of money. If I can't buy land in a position, I have no desire to buy land in a common place.
Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment.
At the time I planned it I felt I should have planned it earlier.
Your money, Your rules! Its none others business on what are the decisions you would be making since its your savings and not theirs. Its good to know that you are pretty aware about the risks involved on which this is something which its important to know in the first place. Now that you are deciding on buying Bitcoin then good luck! We cant really be able to draw out some conclusions whether this one might be ending up positive or negative but in 5 years time then we can assume that we might already on higher price or value although it wont be an assurance but if i were you then i would be waiting up for the bearish market to come. Just like into those moments where the market had gone down to $15k. Now that we arent still on a bull run period and since we are still that going for halving event then it would be wise that you should be waiting up at least for that last dip before making some entry. With this then you could really be able to enter on prices on which we could really say that this is something that you could maximize profitability. The only issue on this kind of method or way, is on how you would be able to determine the bottom?  |
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It's not new seeing this, because I'm the recent past I have seen people turn out victims of what they usually advised people against probably because bat some point they were constrained and could no longer stay disciplined well enough to adhere to the advise they even give out.
Borrowing to gamble is definitely not something any One should consider at any point, this is because of the too many uncertainties attached to gambling, you almost can't tell when you are going to turn out lucky with the casino and if it turns out you aren't Lucky especially when you stakes the money you borrowed it becomes a problem for you because you will have to pay back your loan regardless of the circumstances that befell you.
Some people are also hypocritical and are quick to give advise that likely wasn’t asked for or wanted. It’s very easy to give out advice but a little difficult to follow our own advice ourselves. And people are guilty of doing this. Also, like you noted, some people let the urge for their gambling habit get the better of them and they go borrowing to gamble in hopes of winning some more money. That’s how loans work. An individual takes out a loan from wherever. Gambles with it and loses. He has lost out in his bets and now, he has a debt hanging over his head. The lender only cares about getting his money. Yes, this is true on which there are people who do make or give out some advises as if they arent ones who are committing on the same thing but actually these kind or type of questions doesnt really need to be having that critical thinking for you to be able to make some responses basing up on with their own common sense but eventually trying out to handle yourself into those hard conditions of someone is actually not that really so easy to handle when you are on such situation. This is why we cant really make out those kind of conclusions yet but at least we are really that wary on what are the things that should really be done in case we are on such situation. |
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Whenever an ETF is approved, whether it is sometime next year or a few years from now, it'll definitely cause a large spike in price. After the spike could be some people will try to sell the spike to crash it back down some, but the overall price effect will be very positive.
And that's just of course the news of an announcement. Once the ETF(s) start operating and billions of dollars start buying up Bitcoin that'll of course also cause a large price spike.
If we do have that success ETH or approval on January 2024 then it would be a huge spike. ‘Mark Your Calendars’—Date Revealed As Huge $17 Trillion Bitcoin ETF Countdown Suddenly Begins, Heralding Ethereum, XRP And Crypto Price ChaosSourceETF is good yet institutional would really be that flowing into this market but i dont really like when we do speak about its cons. Anonymity would really be that somewhat will be an issue. Am i right? |
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I have been into trading for many years but I have never used stop-loss myself because I believe that stop-losses won't help a trader to improve his/her trading abilities. The stop-losses are something that will protect a trader from losing a lot of money in a trade but if a trader doesn't conquer the fear then that's the worst thing I guess.
I have won many trades and I've also lost many trades but I have never used a stop-loss for a single time and that has helped me as a trader to improve the areas that needed that improvement. I'm not really against stop-losses but I believe they can cause fear in the mind of a trader and the trader might not take risks if he/she fears about the losses that take place if the trades go wrong.
I would like to know that what you guys think about stop-losses, and how often you guys use stop-losses to avoid getting huge losses in your trades?
I do only consider on making use of a stop loss on the time that i do make some futures trading but if i do make out some spot trading then i dont really see for it to be necessary. Why? You could always be able to have an option for you to hold instead on making some stoploss but well it would really be just that depending on you if you would really be that trying to make use of stop loss specially if you are really that hedging but if you dont like to have that realized losses then it would be better not to see any stop losses because we know that prices could really swing up on levels on which we know that it is really that easy to make yourself get caught on the peak and ended up on holding. Therefore it would be that wise that having no stop losses on spot. For futures or scalping then i could say that it would really be something that would really be that ideal because it would really be lessening up the potential losses on which it is really just that suggested to have this one. |
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I for shorts prefer not to watch the games I bet on if I could. It creates a lot of adrenaline rush within the individual gambler and that would be some disturbing position to be in.
It’s not abnormal that the options for a cash out is always way less or at least half of the potential win but, you really have to understand two things here.
One, cashing out too early means, you’re still in profit and that’ll be at least 17X of your stake.
Having yo wait and you eventually win, you still profit.
Which ever one that happens, you get to be contented and focus on what is at hand than what is expected in potent.
Meanwhile, it takes just one game to void a prediction and leaves you with nothing. I’m sure you’re aware of that.
I took a quick look at your bet and you’ve chosen games from Bundesliga and Serie A in the 12 market options.
I must say, I don’t see how an X would be coming out of those two bets. If I were you, I’ll let it run. It’s something that could easily play out in your favour.
That’s my take but, it’s up to you.
Thats actually removing the real essence of betting in the first place on which you wouldn't really be watching on the games that you had bet on, but well i do agree into the sense that it could really give out that kind of emotion on which you might be that impulsive and trying to cash out early on the time that you do see that the team you do bet on is on the lop side. If you do have plans on trying out to finish the game then its up to you whether you would be watching or not since not all bettors would really be having that kind of good self control and this is why it would really vary on such manner. @OP, you are the ones who could really make out such decision.Listen to that inner voice that you do hear up into your hear and never ever consider on hearing out others suggestions and following it because if you do and the outcome is different then that would really be leaving that kind of regret on which this is something that different if you do really follow with your own decisions which i do really recommend this thing. |
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Key lesson here is to not spend money faster than you make it. Due to capitalism and consumerism, a lot of people tend to overindulge and overspend on things that aren't really a necessity. One good example is coffee. You can make one at home for less than a dollar, but the younger generation tend to buy from huge coffee chains for the aesthetic appeal and to 'belong' to a certain trend. Imagine spending $5 to $10 for a coffee that you will only post on social media but not really drink it. How pathetic is that?
Those who are frugal and only spend when necessary tend to do better long-term, as they can manage to save and invest even with a small paycheck, though the investment part is another topic that can be had for this one.
And that is one of the main problems we have with our culture, spending our money is fine as that is the main reason we work so hard to get it, however many people now spend it in stuff that is useless or that it could be had very cheaply almost effortlessly, and the example you give about coffee is spot on, as this is not only about the cost, as making a good coffee is very easy as well, and yet we have a lot of people spending a lot of money over something they could have made inexpensively at their own homes. One main reason I think that this is happening is because the power of subliminal advertising that is prevalent in the internet nowadays. Corporations get to lure you in buying their products without you ever knowing it, perhaps through the testimonial of other people or through the content that you are consuming. Something will click inside you to buy the said product because you think it will be a good buy just because other people are enjoying it. Another reason is our concept of 'sales' in malls and stores. We think that we are getting a huge value when we buy during a sale, when in reality those are just the actual prices of the item without the markup of the store to recoup their losses. We may be getting the item at a cheaper price, but do we really need what we bought? The mind conditioning that the media and huge corporations have imposed towards the populace is really effective in pushing us to mindlessly consume everything they produce. Well, this is actually true on which on the era or years that we do have today on which tons of things that are new and been on sale on which in every trend then there would really be a specific price and since we do know that we do have the money then we would really be buying immediately and this is really something a very common and you would really be tempted on buying if you do have the capability. For those people or kids who have a family which do struggle on daily needs or something that doesnt have the capacity on purchasing then they are really that in exemption but for those kids who have a family that could be able to afford almost everything the for sure they would really be spending like a mad man. Those kids doesnt care on what would be their tomorrow since they are really that confident that their parents would really be able to afford on buying the things that they do like. We know that spending too much is never been good because sooner or later they would become that bankrupt but we know that there rich people or family who doesnt really easily get go the floor despite of that mad spending just because they could really be able to sustain. |
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In the face of drama and fluctuations in the bitcoin price in the crypto market, it is important to remain strong, calm and patient. we need to be able to understand that drama is part of market cycles and could happen again in the future will help us deal with it better.
If we have a good understanding of Bitcoin then I think we will remain calm with all the Bitcoin price drama and also we will remain consistent in collecting it with the strategy that we are most comfortable using to be able to get a profit from the investment, but we will not be able to know when the price will rise So all we can do is collect it according to our abilities and wait until we can make a profit. The lesson learnt here is that some whales would trigger some fear which would prompt some Bitcoin hodlers to dump their coin consequently resulted to drop in the price of Bitcoin which would enable those whales to capitalize on the dump and bought those coins massively while awaiting the halving, however all the tricks has been revealed majority of the Bitcoin hiodlers or enthusiast thus no more fear for any Bitcoin hodler unlike before when panicking has been the order of the day, I think newbie investors are being wise now everyone is trying to keep their asset now irrespective of the market condition whether bullish or bearish. For people who had been hanging around for a while here on crypto space are already getting used to things such as this on which dramas,sudden bans and sudden acceptance or whatever it is. This market had become always something like this specially when bull run event comes or simply talking about halving period then there would really be tons of dramas that could happen and since this thread had been created ] only of this year. Then here's one of those news and issues that suddenly make out some boom into crypto space which i do specifically talks about Binance issues, or on what happened on CZ. No one had anticipated or no one did expect for it to happen on which it would really be that just shocking into those people who are just new and turns out to be normal day for those who are old. Now that we are drawing near then it wont really be that so shocking that there might be some sudden news that would really be shaking out the market. This is something which is really that very normal and not really that a shocking situation here on crypto space. |
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This is too sad news op. why you did it? Gambling with loan money is double risky then gamble with your own money. if you loss your own money then You may suffer but there will be no pressure to repay the loan. if you gamble with the loan and lose it then you lose money and on the other hand you have to repay the loan by earning money from another source. you have taken a big risk, if you win the gambling then your loss might be recovered but because of the loss you have to repay the loan which is a lot of trouble. And not only the principal amount but also the interest has to be paid. After that gamble according to your ability sometime. Stay away from activities like gambling with loan
I have been a gambler for a long time and I have always been able to control myself but this time I developed a confidence in myself that I could play blackjack very well and win and because of this I suffered greatly from placing large amount of single bets. Through this I have gained a great teacher. And now I have decided to quit blackjack for life Too much confidence on yourself have cost you a lot, and you forgot the fact that gambling is based on luck and not on skill. This is the reason that makes me always tell people that there is nobody that is a professional gambler because the moment you feel that you have understood all the tricks and you can never loss that is when you will be secure great loss because you will forget about gambling responsible and to only use the amount that you can afford to lose because you feel that you are a pro. It is better that no matter how good we are in any gambling game, we should always stick to the rules of gambling responsible and we should never have that false conference that we must win and make profit. OP, you were after making profit and that was what blind folded you to the extend of taking a loan as big as that amount. Don't ever gamble when you don't have extra funds on you that is not needed for something important. Not only in the field of gambling but also in other things in life as well specially on dealing up with something. Overconfidence would really be leading into disaster if you arent that careful with it. Taking up some loan for the sake of gambling then it would really be ending up on a disaster specially if you are unlucky and losing up all of those bets on one go. This is why whenever you do take a loan then never ever make yourself that get engaged with gambling because those amounts or money will really be surely gone in fast pace. Gamble on the money on which you can only afford to lose and never ever make yourself that too confident that you could be able to repay those loans because of gambling winning. If it turns out that you have been able to win up then lucky for you but if not then it would be a huge life wrecking kind of condition since you would be needing to pay up those loans and if not then you do know on what are the chances or probabilities on things that could happen which is something that we dont really like to happen. So it would be better that you should think twice or thrice or more before considering such act. |
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Why are you having sleepless night because you invested in bitcoin, since you were not ready to buy bitcoin then you shouldn't have bought it so that you don't put yourself into this tension that you are in. Bitcoin price is doing well and if you sell off and keep the money in the back, then maybe that is when you will have rest of mind so I will advice you to do what will give you rest of mind rather than worries. You should also remember that fiat depreciates with time. I have my bitcoin investment and I am pleased with leaving it for a very long period of time.
If you have advised him to do what he feels most comfortable with then you don't need to say this. Furthermore, that amount is only worth $152, so the loss of fiat value won't affect him much. You shouldn't make him more stressed. In my opinion, he should learn more about bitcoin to understand it better and then he will make his own decision, whether to continue holding bitcoin or exchange it for fiat currency. Bitcoin is really good when its holders understand it, but if they don't understand anything about it, it's best for them not to invest in bitcoin because investing in bitcoin, in addition to bringing profits, also has risks involved. Not really that bad to make some sell because if his mind and emotion do really tells him on doing so then it would be better on following that one because if you are really that following on someones advise and it do ends up for it to be bad or negative then for sure you would really be having that regret or would really be blaming out someone on the advise that they do give because it didnt turn out to be good. This is why if you do make out investment then it would really be that better that you should be following on the decision that you are making and not on others but its not bad to see some comments for at least you do able to read up some insights. If you've been able to make profits then its not bad to secure those profits and its better to secure it out than to lose those profits if ever the market would really be going down. Basing up on the movement then it is been that long time that we are really moving that sideways and now that the price is trying to climb up gradually then it isnt bad to snip out those profits and cherish it out to bring out that ease of mind. |
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but almost every story of a successful trader begins with losses, this is how experience is gained, I doubt that there is any way around this.
When i first started trading my initial two trades were winning trades which made me around 25% profit, after that i was dreaming about Luxury future. but it never came true because after that two trades i was making losses. and come to this thinking that how anyone can make profit from it? When we lose money in our trades, we remember those mistakes for a long time. We learn from these errors, and that helps us start making a profit. That's what you call beginner's luck, I'm sure most of the traders experienced being lucky in their 1st - 3rd trade and from that they have thr sight of trading is easy and can gives a lot of money, but that's when we stumble once after that the path is unclear and difficult, you will experience many losses and also discouragement because you will be cautious and wary in every trade you will do, I think that's wgeb we should step up and look what we are lacking because that's the turning point in which you will understand that you need to grow before you can trade efficiently, you need to invest time and effort to gather knowledge and experience before you can see that you are earning in trading, and even in that point you will still experience losses but not thar too impactful to you, so knowledge and skill is the key to survive in trading. This is actually true on which on the time that you would be having those kind of winning trades on your first try then this is where you would be having those kind of thoughts that it is really that easy until you would really be that become that too overconfident and this is where mistakes would really be starting to pile up. Sooner or later you would really be able to realize that it was never been that easy on which you would really be making yourself that going back to the drawing board and would be learning on what are the things that needs to be learned. People would usually really be having those kind of impressions just like in gambling too, if they do test it out on their first time and ends up on winning then they would be having thoughts that its easy. Trading is for everyone, there are really just those people who cant really be able to bare up with the risks and this is why they do chose on not to make any actions. |
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You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!
for the market there is no effect, because when the bull run occur, then all cryptocurrency prices will increase (except shitcoin), but meme coin has an impact for the investor, because if he chooses a bad meme coin, then these meme coin will only become shitcoin, so people who invest in a bad meme coin will lose money, therefore if you want to invest in meme coin, then we must be prepared for the risks and I also suggest you to investing in meme coin which has a large market cap, because it is safer to invest than a new meme coin. There are still altcoins that are doing well in the market. Buying them can be very profitable to us if we buy them at the early time when they are not launched yet. Cryptocurrency is a big opportunity for people to earn from the market of they are ready to learn and understand how to make profits from altcoins. There are altcoins that can give us as huge x as 1000x to 2000x. We can make profits if we know how to invest in altcoins projects that would have high chances of doing well in the market. If you do try to hover yourself on DEX then you would be finding those newly launched coins that easily shoot up 5-20x in a short span of time and there are indeed people who do are loving to jump in within these coins even though its already considered to be a gamble but the chances are really there.Speaking about meme coins then it would be always on the same concept on which there are really probabilities that it could be a hit or miss depending or basing up on the community demand. I could say that meme hype is over if we do try to look around and even just seeing or checking those known meme coins in the market, they dont make such movement as of this time. There would really be having that specific time if we do speak about meme coin season, whereas it would be playing around in between altcoins and Bitcoin season where pumps and dumps do really happen. If you could be able to bare up the risks when it comes those moving prices then it wont be a bad idea to make some consideration on investing in. |
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Has anyone tried gambling on unfamiliar platforms maybe learnt through ADs?
I have been coming across 1 of the bet sites that always pops at the top of my phone while I surfs the net.
The truth is i prefers skill-based to chance-based gambling so I can prove and showcase my energies.
But decided to give this a try yesterday because it is a chance-based (online) gambling.
At the level of funding my bet wallet account, I requested to fund with $50 I rethink that $5 would be better as test run in building my trust since it was an unusual/strange bet sites.
I successfully funded my bet wallet, checked on the withdrawal section If there would be an access deny for withdrawal and luckily $5 is the minimum withdrawal rate which I proceeded and was successful. Then I refilled my wallet again and placed my bet.
As the game Kickstarted, I got chances to cash out while the value of my withdrawal fluctuates UPs and DOWNs and I had to place my withdrawal and made a cash out of $6 from a $5 bet.
At this time of a test run and trust level is worthy, I think I can proceed and place a higher amount of bet
This might been seem a drama to some of us here but the truth is that we really have to be careful on how and where we bets because lot of online (chance-based gambling) leaves you with a site of demo with its tools bars and graphics basis all to pin you down with most exciting offers that are not reality.
You cant blame out on why people would really be that skeptical as always on which considering that shady and scam sites do really exist, it is really just a normal approach that someone will really be that careful when it comes on making deposits specially on a new site. They might be that good looking but still not a guarantee that they would really be that legit but somehow if you do see a sites interface which is really that well built and design on which you could say that they throw up money on making that design or overall UI, then it is really hard to believe that this is really just that for the sake of scamming users. There are really moments or situations in speaking about real assessment on particular situations on which our common sense would really be able to help us. Well, it cant really be removed about those hesitance and those suspicious on new sites but lets give them some chance because everything starts on being new. Give them some time and if you do see that your withdrawal passess through without any issues then it would really be not bad on giving them the chance and might sooner they might be one of the most known and popular. |
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My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.
Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.
I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.
Yep, it did really make out that kind of depression and huge regret when i do tend to look and check out with my first Bitcoin wallet on which seeing those volumes in regarding inbound and outbound transactions or simply with the overall volume then it is really giving out that kind of huge regret that you would be able to feel on point. You would be mainly have those what if's into your mind and telling that if you have just able to hold up for too long then you might be millionaire now and you have already bought all the things that you do want now. I made up my own big house and bought some luxury cars on which these are the primary things that comes out into my mind but well past is past and there's no way on turning back. This is why it would be not ideal that you do keep on looking back specially into these things on which considering that it would be giving out that kind of stress on which it would really be disrupting with your current or recent investment plans. So better move on and do things on which you do seem that it is right atm. |
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I believe hodling can be split into two categories: those who know how to evaluate and know the market, and those who do not. Many crypto investors rush in and invest without adequate understanding because someone told them to invest in crypto to make a lot of money. As a result, what Op stated is likely true for investors that lack expertise. Those that have wisdom, on the other hand, know when to sell and when to buy again.
And those that who don't know how to evaluate the market looks smarter than those that are experimental with trading and didn't find any success on it. There are times that the lesser efforts that we do is actually productive than of those that have been trying hard but they don't know what they're up to in reality. That's why if those holders just hold because somebody said so and they have obeyed, I guess they're smarter than of those that keeps on trading without knowing how to execute it properly. It's because that those who did lesser efforts are the ones who didn't rush for the money. They only invest what they can afford to lose and didn't make trading as their primary source of income. Those who are trying hard in trading, study a lot without enough sleep, are the one who experienced big loses in trading. Lack of sleep and losing trades can affect your emotions that's why most of them spend more time in trading. Sometimes, instead of learning to be profitable, their mind is equipped with different strategy that will lead them to lose more money. Mastering one strategy is better than having multiple strategies. So you do say that it would be better that you should be sitting idle and wont really be making any actions towards your trading? It doesnt seems right yet there would be people who could really put up some risks and really that willing to learnt up trading knowing that this is a career that something that could give out some chance for them to earn money on which it is really just that normal that you would be experiencing unfortunate events. If you are someone who doesnt really like to experience those unfortunate conditions or simply losing money then this venture isnt for you and you would really be just rather holding than on making yourself do make some active trading on which it is really just that a common approach. Holding is someones really choice because usually people do have particular reasons on why they are holding, whether they cant just bare up with the risks involved or they dont really have the time for them to make out such venture and focuses out something. |
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There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?
Dont know on there you did get the idea but everything you've said is wrong and here's the thing; 1. Trading on demo isnt something that poor could be able to do so, everyone can. No exclusions or some sort. 2. You can start live trading with few bucks as your capital, although profits cant be felt that much which its understandable. 3. Loosing? Neither you are noob or pro, there's no avoiding on this one 4. Risk? Its always been risky this is why you should be needing up to learn those specific or needed skills. Trading is for everyone Market is open for everyone It do only matters whether you would be deciding on trying out to make advantage with market volatility or simply be avoiding it, it all matters on you! imho. |
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Support was what the family from the onset were giving before he won the money, so there won't have been a difference he won or lose.
I don't think all families have that mindset. When someone hits the jackpot, let's say $10K, he gives $3K, to his family, the rest he uses for his own needs and gambling again. After winning, the gambler never wins again, even if he wins, he cannot cover his previous losses. At that time, maybe it wasn't moral support that was given, it could have been that his family blamed him for not stopping playing after that big win and lose all of his money. Of course it's good to get good advice, but family sometimes becomes our enemy when our finances get worse. Well, family will hardly become our enemy in hard times, though some families may not have the financial means to support their own to rise again after a fall, but trust that they will always give good advice on what to do and what not to do. It is we most times who turn against our family because we feel they want to control us, we ourselves choose to either make our family our enemy or not, not the other way round. Someone who won a jackpot is supposed to be sensible enough to invest the better part of the money in business or good assets that will ensure that the gambler never experiences financial hardship anymore, even if he spent a little amount left with him or her after investing to gamble, and lost it all, he or she will not regret so much as he or she will have that investment to fall back on. This are the kind of advice good family will give their own, but most times, some of us are so stubborn and will never listen, we eventually family start pleasuring us to ensure we do not make such mistake as gambling away all that we have won, we turn our back on them and tag them our enemy, this ought not to be so bud. Enemy on your eyes but actually they are the ones who could be able to help us, they wont really be doing something like this if it werent for you in the first place. They dont really just like on seeing you like that this is why they would be making actions for the solution of the current problem that you are taking. It might be looking that too much but your own family could really do all sorts of extents of action just for the sake of own goodness. There are really just that people who cant really be able to appreciate on what their family or other people been doing on the time that they are on hardship. You might really be that get irritated on just because they are blocking your happiness specially with gambling but actually they are really doing this for the good. They dont mind if the action the had made is really that something too much or you hadnt been able to expect as long it would be able to save you up then this what they would gonna do and this is something that you should appreciate on the love and care that they are showing. |
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One of the reasons why using CEX will be far preferable than using a DEX. Most of my transactions on Bitget are usually free even as a BGB holder, but carrying out transactions on DEX will charge a lot.
But CEX has soo many downsides as well. Much more downsides in my opinion because Bitcoin is much safer, when it is not stored on CEX. Why holding Bitcoin is we do it on a CEX? We need to check transaction fees of course. But it is simple if we know. If that Bitcoin had been passed through CEX then it wont happen because there would really be a specific fixed fees which it is really that not possible to have mistakes. Usually this is something that could happen when we are making use of other non custodial wallets like Electrum on which you could be able to hover up on how much fee you would be able to make use specially if you are that planning to raise up that sat/byte thing. It is really just that hard to believe that someone who do have tons of Bitcoin is really that noob on making use of these wallets considering that knowing the basic operations on how Bitcoin works and other correlated things into it wont really be that so hard to understand. How much more if you are one of those OG's? Simple operation about transfer shouldn't be an issue but well worry not because those miners or pools will definitely be giving it back. |
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