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Staking is also a form of investment but I think the difference is you can't get a quick ROI on it. You bought something to let it rest for some time to generate profit for you.
Investing is a broad term, there are low and high risk investments. Some can generate a profit for you in a daily basis and there are others that takes years to reap a profit from it.
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It's one of the top 10 careers to choose during these years and for me, it would become and most popular in next few years. Blockchain technology is trending these days and I saw many companies looking for that field. I just don't know if universities offer a course about it now. It's difficult to find someone expert in that field that is willing to teach in those schools.
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Plenty of defi tokens showing up. Their pump and dump is ridiculous that investing too late will cost you a lot of money to lose. DeFi tokens are the new ICO, I can't say all of them are scam or have the same scheme but I don't suggest investing on them. I would rather hold some stable altcoin rather than buying those.
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I believe that it may become a hurdle for those gamblers who believe that losing their BTC is costing them huge amounts in fiat and it's true also to some extent, because as BTC is evaluated through fiat, then the gamblers worrying about losing more USD even via losing less amount of BTC when the price rises is obligatory. I don't think it'll make any difference to me though because I love gambling more whenever price rises as I believe in my luck and when I win, I win big.  I gamble for fun, so it does not matter whether the price increases too much (except if it goes 10x and I see my bankroll to be worth something I may not be able to afford losing). Doesn't it hurt if you lose in gambling with the btc at a high price? Do you still enjoy doing it? I gamble for fun also but with the current price, losing in gambling for me is just a waste. Imagine if you hadn't lose anything then btc increases more so the USD value of your money increased too. |
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I can't afford to double-spend so I have no choice but to just watch or wait for the result of the game. I will just use the amount I deposit on other games that I think I would win.
And customer supports doesn't have the authority to credit you some coins just because you experienced a transaction delay.
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Nowadays you can't hardly analyze the price due to the erratic price movement, the best bet is to buy and hodl so as to be on a safer side.
But what if I want to earn on a daily basis, hodling won't surely work. And doing that is not really safe. How can you assure that its price will boom in the next few years? What if it does not happen then you just ended up hodling for nothing. |
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Seeing China that imposes strict law to their citizens, I think this will make them more powerful if they make each of their people to use it as an alternative to fiat. We know that we are slowly approaching the digital age so it will be not surprising if they replace it on their local money Yuan.
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Bitcoin was conceived as free "money". We cannot talk about its purpose, since people themselves choose how and where to use it.
If some of the transactions take place in the shadow field, then it should be so. I am pleased with the fact that the share of these shadow funds does not exceed 5%.
Is it really that small only? But why most people think of something illegal first when they hear about bitcoin. They only know that it's been used by the criminals in the black market but they don't really know what's the real purpose of it. |
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If $20 is not the minimum amount in btc value on that website then I won't gamble anymore. Imagine at that price, how much 10k satoshis will be. And also the fees, I think it would also cost higher. I will just find other website that will accept credit card, or maybe gambling websites can adjust their minimum deposits and withdrawal if that really happens.
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I usually am seeing these folks whenever I have to go to our HQ somewhere south. I think it’s somewhat allowed in a certain city to hold cockfights but not on the place where the raid occurred. Death by that blade on the rooster’s feet/claws is really inevitable if everyone is scrambling to run in order to avoid jail time. That’s a sharp blade after all, created for the sole purpose of harming the enemy. It is an unfortunate event, but you still see the dedication of some people to gamble even if it’s illegal in their area.
Gamblers will always find a way to do their habit. Even here in our place, the local government said it's illegal and they will face some violations if they are caught doing it. That didn't stop them and they are gambling inside their houses. No one reports them because most of them are addicted gamblers. I want to report them but I'm suspecting that a worker inside our government is one of them. |
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Most of the victims of this mistake are the newbies, those people who are just starting to learn different things. I admit this because of back before when I started to learn cryptocurrency, like buying Bitcoin or other cryptocurrencies, or trading. I really trust other random people on the internet in their own opinion and I ended being REKT.
Learning on our own and being positive in our own opinion is really important, we should learn how to trust our own instinct before other people.
I experienced that too when I was a newbie, I believed on those self-proclaim expert traders and I bought what they said. Without proper knowledge that time, I bought at a risky price and I ended up holding that coin for a long time. Trusting our own opinion is difficult to do because there are many factors that affect it. |
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As we all know, the Bitcoin is experiencing a decent price increase and it is slowly but steadily rising every day. Has it affected your gameplay somehow?
Yes because the btc value of my bankroll gets smaller while its price increases every day. It became more difficult to accumulate btc at these times. It also makes your number of bets lesser. Some gamblers think if the price is so expensive it would be difficult to get profits.
The profit stays the same, but as I have said above if you are comparing it to btc decimals, it gets smaller. |
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What you guys do when such a thing happen with you ?
I won't be able to sleep that day and keep thinking if I hadn't got greedy then I could have won some bucks. But by the next day, I'm ok again and I just forget what happen last day. It's really hard to control our emotions during those times. We keep thinking we could win more and imagine the things we can buy if we win but in the end it just leaves us disappointed even if it's our fault. |
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Here is my question what happens to the bitcoin of someone who died and didn’t disclose his/her wallet details to anyone? please I need response . Would the bitcoin be abandoned in the wallet forever?? Would it be a waste of bitcoin?
It's locked up there forever. That's the beauty of bitcoin wallets, only you can have access to it as long as you don't tell anyone the information of your wallet. It would be a waste but if it's not a big percentage of the total supply then it doesn't matter if it will be there forever. If you are a whale, you should write it on a paper, keep it and entrust someone before you pass away. |
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First there was ICO then IEO, then now we have this DeFi thing where rich can get more rich and the poor lose more money. I already heard about this stuff few months ago and some of my friends already earn from it. But for me I would never invest on these projects. Those ridiculous pumps then if you're too late to buy, the coin you bought loses its value instantly.
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Buy a coin and hold like you intended but take profits when the coin shoot for the sky and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.
The problem is some of us bought in the FOMO stage. We are being hyped that we bought at a higher price. Once that coin is not trending anymore it will take some years to sell it for a profit. I myself is guilty of that. I can't sell the coin now because it's half the price compared to when I bought it. I just hope that next year it will pump because of the recent adoption it got. |
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One question I came across is if there are different level of risks for different cryptos?
Yes there is, some crypto are only driven by their hype and trend. A coin can be popular and good to trade today but after a week if it dumps hard then whales are gonna leave it then they find a different coin again then the cycle repeats. Some are loyal to their projects that even if it dumps, they are still ongoing for some years then make an update. That will become a trend to traders and their price will go up again. It's always up to you to DYOR before buying any crypto. There is always a risk to any crypto you buy. |
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Best is to learn the exact process or strategy, and trade for yourself, than give your money to someone to trade for you in a very high volatile market
There are copytrading nowadays where you automatically copy positions managed by someone. If they win then you win the trade too, if you lose then you lose profit. For people like me who is really not suited for trading, this is perfect for us who wants to earn more income. I've already tried studying how to trade but what I'm finding hard is how to control my emotions properly. |
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I believe some Cons for going cashless is the unnecessary spending. If you have funds in your wallet, it's inevitable not to spend for unnecessary things specially when you're one click away to put all your list of orders in your cart from an online shopping website lol.
Happens everytime to me though, and for the other people.
I may not going to calculate my budget because everything seems one click away from me (specially If I become filthy rich lol)
I can relate to this. With just few clicks I sometimes overspend even if I don't want to. The convenience of buying something anytime is difficult to avoid especially if there are sales going on. Add to that is my parents doesn't also question me about the things I bought because they don't know the real price of it. If they ask I just say that it's cheap that I paid it online. |
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This is what I'm afraid to happen also. Add to that is the pressure from the people around you which makes it more difficult to handle that stress. I'm just glad I still have now my job even if it's just a small salary.
If I lose this, my only chance to help my family is with my crypto holdings from last year to pump next year.
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