I had the opportunity to ask 5 different people about the interest in investing in bitcoin after I explained a number of things related to this investment. These five people give almost the same answer and that is the fear of losing because the price is too high, fear of being cheated, legal problems and religious norms so that I can conclude that for ordinary people especially those who dont fully know about bitcoin then they are not suitable people to invited to invest here.
We have different views on investment stuffs, not all are willing to risk, not all have a loaded mag, any one can be an investor but not everyone can be a risk taker. Investing on bitcoin takes a courage since it is true that you might lose your money ( proportionally to what percentage ), but if you're monitoring the market long enough your view in it might change over time. Religious norms? I haven't heard about a religion organization that prohibits any of this investment stuffs, or they consider the investment as a gambling practice? Bitcoin price volatility is one of the reasons why many people are afraid to invest here because we all know that bitcoin investing is a risky investment. There are many risks involved with bitcoin and these are the things that they are considering.
Given that bitcoin has high volatility because there are many players around, this is also why traders are loving short-term investments. Being afraid is a natural feeling especially when you're doing it first time, but then how will you succeed if you won't try?
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Just take a break if you can't handle your losses and call it a day. Don't try to push yourself too much or else you might be chasing losses if you force yourself. It's all about the discipline and patience that you give each time you are trading. There's no way a single person can get rich in a single day, it all takes time. I am not that a hard trader just like the dedicated one but I always make sure I will gain a profit each time I trade.
Yeah, small break maybe a day or two will be the best way to handle the loss. In my personal experience, when I loss I am also losing my temper and going to trade high amount of money to get back the money that I loss, the ending is very predictable, I also loss that trade and ending up losing almost all of my capital. Taking a break is always be the best way for me to handle losing trade. And also I highly suggest to avoid this kind of scenario is to always set up a stop loss.
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It depends, if the gambling platform offers it on website with good user interface then, I will go to gambling on PC. But, if the gambling platform have a good application (when most of them don't) then, I will go there.
Almost all the time, I prefer gambling on PC because I can relax on my gaming chair while chilling on a game. and when on phone I just don't enjoy it when there something pop-ups or someone are going to call me and lose a good bet or good hand in poker. In mobile there's too much distraction, so I really prefer gambling on my computer.
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0,05004101 - 0,04944497 = 0,00059604 in which 0,001 dilution fee is included? So net profit this week on bustatice was 0,00059604 - 0,001 = -0,00040396 ... another week on loss? Second in a row? Good thing that they returned investment fee. I thought it is not returnable.
NOOoo. You're wrong here 0,05004101 is total money now. But 0.049 is his investment. So 0.05004101 - 0.049 = 0.00104101 BTC (profit). Now this profit is equivalent to the dilution fee he incurs at the start of his investment. In short, after 8 weeks of investment, his real profits begin to count from next week. What about yolodice? How much does it cost? Have you subtracted it yet? luckily, yolodice have no dilution fee right now and before I invested. So, the profit there is really 0.00244465 BTCBut in bustadice as you said, we just break-even right now and I only have a total of 41bits of profit there I will fix it next week at the spreadsheet
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So here's my update for week8!! This is the update for bustadice: This is my total profit for: BTC: 0.00104101 USD: 141.72 PHP: 6,955 This is the update for Yolodice: This is my total profit for: BTC: 0.00244465 USD: 170.44 PHP: 8,400 Here's the spreadsheet: TOTAL PROFIT WEEK1 - WEEK8 BTC: 0.00348566 USD: 312.16 PHP: 15,355 This week the bitcon has crazy ups and down but compared to last week, it's still profitable since I think it goes up 9k-9500. My investment in bustadice is now doing great, I just get my dilution fee back to me and I am profiting out from it, next week I will edit the profit and subtract the 0.001 BTC there The Yolodice is still good What are your thoughts this week?
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Back to the days when you bought these altcoins, why did you buy them? To sell them in a loss? No probably you saw a big potential there due to the tremendous technology behind them. So continue holding, all of them are working hard to satisfy the investors. I mean all cryptocurrencies back then were at boom each coins are going up and each day their value only gets higher, but same as gravity what goes up must come down and most holder lost their hope on their cryptocurrencies which only made things worse. Did I missed something in here? all cryptocurrencies back then are going up? I bet you are only focused to those worthy to mention coins like bitcoin and etherem, coz honestly back then I was an investor on projects, it was good at the first year I had a good returns in good projects there are also regretful ones but then it started to turn tables when 2018 came in, the price of bitcoin is hitting low and so the whole market did. I just disagree partially on the thing you said that cryptocurrencies are all growing even back then. Anyways I assume that waiting for it to go back is a optimistic choice but sometimes its better to cut loss than to give yourself false hope and lose it all.
There is nothing wrong with cutting your losses, in fact that might save you however also think that you are just losing the value in a specific time, you are just losing from that time it might bounce back, remember patience? The better option is to give yourself a highest possible and lowest possible margin where if it reaches one withdraw.
But how do you look on the margins? based on your capital or in what you just want to lose or gain?
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You forgot that people tend to look for an asset to save their money. That means most people are looking for things that are easy to liquidate into fiat and the price wont really swing big time. You know how thing goes with bitcoin, we have suffered alot of big swing for years and alot of people stay away from bitcoin because of that
Its a fact.
There is no asset in the world that is safe if you are dumb enough to invest at its peak and that is the case you are talking about, if anyone invested in bitcoin when the price rallied and reached its peak, who is to be blamed. Is there any asset in the world that is safe from that ? . The word safe in terms of asset is not as assured as we use them, that only means that if we are talking about assets some of them are considered safe as the word itself means "low risk". So the question, is there a safe asset? YES there is. However on the case with bitcoin, it is not safe at all coz in bitcoin what you need to invest first is the trust of yours, before the money as you have said there are people who are dumb investing when the price is already at the peak. Just imagine a scenario where a friend of yours climb on a mountain then they invited you to join but you refused, the next day you'll see their picture posted on the internet, you see their lovely faces with joy at the peak then you decided to go alone, you bumped to your friends while they are going down, then it rains. Regretting isn't it? In the case of bitcoin everyone had the opportunity to invest in it when the market when down and if you were not smart enough to invest at that time then there is no point in complaining about it.
I must say other than patience, one vital key is the trust. It's better to try than to feel sorry. If there is a recession then no asset is same from that situation and that includes bitcoin.
A recession is a collapse, no asset can get away with it even bitcoin, wait who knows what will happen with bitcoin? no one does.
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That's what you get when you try to believe other's opinion, I'm not blaming you for trusting a person that you have seen making youtube content, I can only make you realize how awful it is to believe on someone you don't know on this industry. Ones behest? an order? So he's forcing his viewers to invest on this coin? I don't think it qualifies to the TOS of youtube then. And why did you not hesitate to put it on doubt, coz it's basically a form of manipulating, subliminal message to the viewers.
You can't do nothing anymore, what you must do is to move on, take this as a huge lesson and continue with enhanced knowledge.
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Hell nah, if you guys think that Coinbase is doing it to deliberately manipulate the price and somehow stay at a high value then you're all wrong. I really believe that these was all an accident, coinbase never wanted to let things happen over and over again coz why on earth would they not confirm transaction as they are exchange business? That is what they do for the money. What happened earlier is just a connectivity issue, heavily trafficked orders to confirm that the system can't handle so they held a maintenance.
2 Months ago they declared that they are having hard time to process KYCs policy due to covid-19, well everything is affected by it so I would not doubt if anything happens wrong during these times.
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This is a very expensive lesson. Always avoid FOMO because that is the main reason why a lot of traders are suffering from huge loss. Don't worry mate just think of it as a very expensive lesson and move on with your life, I also have similar experience like that in leverage trading and that experience give me a whole new perspective in trading in general. Next time you know what to do Goodluck on your future trades!!! Please don't quit
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Bitcoin is not the digital gold but there's literally a project that is a digital gold: check this: https://bitcointalk.org/index.php?topic=5161544I am looking to that project for a while and I think they are the best to give if someone is asking for digital gold. They are cryptocurrency that is backed by gold and the price is sync with the price of the gold itself. Bitcoin can't be the digital gold since bitcoin is backed by nothing! Bitcoin is just existing because of the supply and demand and that's enough for bitcoin to be called as "cryptocurrency"
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I think it's working right now, i just cash-out literally just right now. But yeah, as long as there's a big spike in bitcoin price, coinbase is shutting down for a moment. I think it's a strategy for the company so they are the first who are going to take advantage of the situation and many users of coinbase are going to be stuck-up and they are not going to ride the roller coaster.
This is a bad practice and people should leave the coinbase (including me LOL).
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Every people have ways to cope up on their problem like gambling, gaming, alcohol etc. Personally, I experience to use gambling to escape from my problem and it's not good at all because, it's making me more problem when I lose money there and that is going to five mo more stress. So what I do is I use gaming as coping mechanism in this kind of situation and gladly it's making me feel better now.
I just want to share that if you are using gambling to cope up with problems then don't. It's more likely going to give you more problem than making you feel better.
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There is only one reason for this - greed. A lot many of the new investors believe that Bitcoin has already reached its peak and they may not get 10x and 20x returns if they invest in BTC. On the other hand, the altcoin fanboys are very active in social media and they claim that the investors can get 100x or even 1,000x returns if they invest in that particular altcoin.
Yeah, these days shitcoins are booming on social media since the cryptourrency knowledge is spreading quickly. I remember way back 2017-2018 I think. There's a new coin that is called a TBC which is a scam that is really popular at social media platforms and after months it got busted. Today the numbers of those shitcoins scam is getting bigger, a lot of newcomers are getting victim by it. I think that's one of the reason why many people are losing on altcoins.
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I use same strategy. One password for all shitty and one time registration, and few random more secure password for services where I hold any fund. But, hey if I use same login/password on other exchange, why it is not compromised there also? Why only on Yolodice? There is no confirmational email. Any account without activated 2FA is under high security risk.
I do not understand why they refuse to help you But to be honest, we can't claim that anyone was wrong here. Have you set up all forms of security? Or does someone have access to your computer for a certain period of time? With what you have stated in their topic, it looks more like someone used your computer to withdraw money, no any other presence. You cannot blame them Because if their platform gets hacked, you're not the only one who lost money Yeah, I think it's your fault too, maybe if you are going to put 20$ or more on a website make sure that you are going to enable a 2FA so that the hacker's or maybe someone you knew will not hack or get your funds. Using 2FA is a must so you are sure that you are the only one that have access to any account that you have. It will be a lesson to you now, "always use 2FA"
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I am only interested in investing in top altcoin because in my opinion it is safer and has greater opportunities and has the potential to provide many benefits and top altcoins are very good as long-term investments
Investing in top altcoins will reduce your risk, but you also need to be careful because top altcoins are often very much dependent on the price of Bitcoin. Yeah, I agree on this, coz historically speaking we can see how the altcoins are following the bitcoin's trend especially with Ethereum, XRP, LTC , BCH and other worth to mention coins. However, the ethereum got its new high after 10 months, on contrary that bitcoin does not show any of a sign to pump it. Just to add up, top altcoins is worth investing just as much as bitcoin, what only differs is the volatility rate. I think in investing, you should have a specific strategy and should analyze for yourself to ensure your profit when choosing to invest. In addition, you should only choose the coins in the top 100 because these are big projects and are interested in a lot of investors, so you will likely make a good profit.
I think choosing from a 100 coin is difficult, you might just want to break it down into smaller fractions, gather coins from by its platforms then compare each and everyone, for me 10 coins is a max to choose to invest, just never forget bitcoin that's the first one and should be the highest percentage of your investment capital. A quick suggestion for investing with altcoins, it sleeps together with bitcoin so you might consider waiting for a long time, shortly forget what you invested for a while the comeback.
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I am not excited at all with Tron updates especially that Tron 4.0, I am much excited with the Ethereum 2.0. There are also some big crypto twitter celebrities there that are bashing or making fun with Tron 4.0 of Justin Sun on Twitter. Comparing Tron to Ethereum is the dumbest thing in cryptocurrency, Tron is extremely far away with Ethereum.
To the very point. I'd rather like to see the second upgrade on the ethereum than the fourth of this TRON. Why you need four upgrade though? Does your platform not that in solid state?lol Sun even invited the whole crypto community to guess what is it going to change or upgrade on the TRON 4.0 as if every one gives a clap about it Perhaps he'll decided to shut the whole operation of the platform down. I'm not excited about it, I'm just waiting the memes to go out after June 8 Remember the issue of Tron's Whitepaper that there is some part there that are copied from Ethereum's whitepaper?
Yeaaa copy pasting codes but did not give any credits and plagiarising. What's funny is that they even tried to hide it but then they are caught in the end lmao.
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It's pity of you gathering these coins thinking that they could reach the level of bitcoin in terms of everything at least the price. Have you seen the entire market loaded of shitcoins already? I wonder why did you do this. There's the bitcoin on top of the market where you can make a profit, or mine (not advisable as the halving already taken place) best that you can is to invest on bitcoin or any other coins that has already a power. You've got no update since 2018 yet you are holding into something that is nearly impossible to happen. I would never wait a year or two for a coin to pump especially when it does have a name at all.
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Some days I have seen price movements in the market some altcoins have moved again to raise their prices higher, whether the market price movements especially for altcoin have started to improve, because some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline, and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
Ups and down, red and green, bull or bear - all these are part of our trading experience and shouldn't be served as a reference if we will do trade or not. The market isn't the market after a minute, this only means that it constantly changing in no time. Winning or losing isn't a choice it is the result of our decision in trading. Frankly speaking, we have our own style in trading. Who told any one not to trade because the market isn't that good? That's the challenge in doing trades, play with the market, play with the volatility, play with the hype, etc. There's no easy path to success and obviously, you can't just change the direction of the wind of the way you want.
It seems that the challenge you are saying is quite extreme since the market is showing some massive fluctuation, weak minds will take this as a negative sign to not continue trading but those who really knows what is going on, they will surely love the spikes in the charts. Trading now is more enjoyable, but not when you lose hard. My advice to you is to remove all your doubts as it might affect your future trading strategies. Take note of your mistakes in the past and focus on your goal.
Meh. The only thing you need is the timing, technical analysis won't do that much of a very volatile market always think that the market is your, and the enemy is your fellow traders.
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Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!
Let's discuss at the point!
This is the simple reason whales get richer at each little opportunity. Just imagine the little profit but great when multiplied by the huge investment of $900,000. How many people can afford such capital to invest in? Not many, anyway. Yeah very true, imagine these whales injecting millions of dollars in bitcoin that makes it pump then the small ones will see this is a rally start so they'll get to it after a 3% to 5% increase after the whale did inject, they pulled it out making 2% to 4% of his money. See how big is the opportunity of the rich unlike the average and poor ones? This where goes the saying rich getting richer, and poor getting poorer. It's sad right ? I got into Bitcoin just before the bubble of 2013. One week later it exploded and carried on exploding for weeks.
'Holy shit. This is incredible. It's like a money fountain. I am set, baby.'
After eight orgasmic weeks 2014 arrived and kicked my balls through the top of my head. I was in the red for the best part of three long and agonising years. It got there in the end. It sure as shit made me work for it.
What happened in 2013 also happened in 2017. It's an interval of 4 years. The same is expected to happen in 2021. It's the after effect of Bitcoin halving. From record, Bitcoin soars out of reach a year after every halving. I've seen enough of the market, from ups and downs, from heavily speculated price to failures, naah, numbers do speak a lot in here but the time? I don't think it matters. Whether the interval is 4 years it is still not a subject for 2021 discussion that the price will soar, coz any time it might rise if we all want to. Decentralization is making a lot of sense now, no one's in control nothing goes wrong.
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