I recommended to you instead of investing your money to the gambling websited who have investment platfroms why you should invest and buying more coins to the market because price of the coins dumped so it is one of the good time to have coins and personally when I compared my earnings to the gambling investment to the trading I earn more a lot of being a trader.
In this situation where the markets have tumbled and uncertainty is in the air, the safer mode of investment if you have liquid cash at hand is the passive income method and the only one such method which is a legitimate one and not a scam is the casino bankroll investment. The reason is because of the lockdowns in many countries people are looking for methods to kill time and dont bother spending some money for that. That is why the usage of online streaming services have increased and the use of online gambling sites. The gamblers who are at home currently will spend on gambling and thus chances of their losses is more. If you bank on the casino right now you have a good chance of making a good profit out of your premium investment - you will understand this if you know about casinos bankroll investment system.
|
|
|
There are more and more centralized exchanges, but less and less trust. Which one do you prefer between regulated compliance exchanges and decentralized exchanges?
How about waiting it out till there appears some regulation among crypto exchanges as what should be the average listing fees and the average listing time. We have seen exchanges cheat on ICO project owners, even if the latter are nothing but scams, asking for exorbitant sums of money for listing their coins. They have no chance but to move to a less known more suspicious exchange for allowing trading of their coin. Decentralized exchanges do avoid this situation but the scams will never decrease. Since the owners of DEXs remain anonymous in most cases they are hard to track down without cybercrime support. Even then recovering the funds is something that nobody is capable of without bruteforcing the private key. The legal aspects of usage and trading of crypto is what is needed next before anything can be done in this sector.
|
|
|
I understand that, I just have more confidence in bitcointalk companies than in cheap telegram advertising posts. You are new and thus filled with this false sense of enthusiasm. Let me tell you that scams are not moderated in this forum and anybody can create a scam ICO and collect the KYC data of thousands of "bounty" hunters of this forum many of whom are legitimate people in the pretext of giving a big reward for those who complete the procedure. What happens after that is the account who promised this reward goes AWOL leaving no trace of data anywhere and the bounty hunters are left hanging. What essentially happened is an identity theft and their KYC data is now up for sale on dark net markets. Would it not better for you to not participate in bounties that ask for KYC? Thing is they do this after the bounty tasks are completed, so from the hunters perspective, after doing so much work, they just want the reward - the scammers are looking for this desperation and banks on it. This is how grim the situation is.
|
|
|
Your strategy is perfect. This is what I also do a few times that I have traded. Sell off and then convert to a stablecoin. I like to use Tether as my stablecoin of choice. Also, I can peg whatever token on buy order and allow it to trigger when price get there. Well no strategy is completely full-proof or perfect. There will be pitfalls but these will be understood clearly when the strategy is being actively used. So it is always theoretically seeming correct but errors do pop up and so trading will incur some losses on the part of the trader. Using a stablecoin as a central pivotal reference does have its consequences. The Tether is not completely trusted to be a part of the cryptocurrency ecosystem but I think you can use it to your own advantage. Still the problem is Tether breaking down and getting hacked or stolen is always there.
|
|
|
Transactions will be uniform through internet access and those money laundering will be minimized already because we are already in charge with our own finances. Does that not seem too much of an ideal honest people doing honest transactions theme? In other words, it will be not completely that way. Surely blockchain keep the ledge public and money laundering is somewhat prevented, but black market deals are always happening and crypto has been used as a method to avoid taxation and launder money. So it is not ideal and there is nothing currently being done about it. Maybe law enforcement to some extent is working on methods but thats a long story now. Globally the use of bitcoin is still limited to certain countries. It will take for that to increase in number.
|
|
|
Discipline is hard to achieve and we should focus on having it especially if want to profitable in the volatile market. Being a discipline trader is all about following his plan where he follows to cut his trade if it achieve the invalidation levels. Being discipline trader can help us to earn profit and avoid major losses. Nothing is hard to achieve if you have the determination. You can become disciplined on your own rules as long as it works. You dont have to follow some well known "guru" and their preaching to become disciplined. Have your own code while trading and follow that, doing so is the key objective of being disciplined. But being so will not be something that is fullproof. You will lose money and that is a part of the trading experience. Some days you will see green across the boards and make a lot of profit, other days will not be same. So important thing is you need to be versatile and very flexible about losses and profits.
|
|
|
I think heres where the anonymous crypto gambling wins everyone. No gambler would stop for what other people think. If they have to pretend that they are not gambling, they would secretly indulge in crypto gambling sites online of which no one would ever know. The privacy associated with online casinos is what made them popular against the offline, brick and mortar casinos. Then came the cryptocurrency casinos so the only thing that kept your name linked to bank account and using that to deposit money was also erased due to the pseudo-anonymity of bitcoin and altcoins. But of course you will be known by people gradually if you let your gambling habits get the better of you. Whether one needs to control that or not is their choice but morally on should control if their reputation is being questioned.
|
|
|
Im looking for the best app to use to buy/sell on, is it as simple as transfering $ to an app (any advice on which one would be great - im in canada) Binance and Coinbase are available for now. Look out for newly developed apps too but be careful about depositing there without knowing whom you are sending money to. Scams are common here and there is nobody to seek legal help from it you get scammed. However these two are trusted enough. Now it is not as easy as sending dollar to a digital payment method. I dont know how much you are aware of cryptocurrencies but you need to get yourself verified with a KYC/AML if you want full control over sending and withdrawing money to banks and so. Moreover you might face problems with banks if they are not compliant with crypto. So check with local residents of your country before signing up. buying the type of coin i want to invest in then ideally selling when it gets to a level i am hoping it does? That is a different topic altogether. Bitcoin and altcoin market are very unpredictable. You have learn how to read indicators and then its a roller coaster ride. Simple answer, read the charts, buy low, sell high, hold till you reach a target and dont panic because anxiety is what runs this market. Im looking kfor access to the broadest range of coins, lower fees and high security if that helps any in recommendations? All these are ideal conditions and there is no such app which is ideal. You have to try them out and see which one suits you along with what I wrote above.
|
|
|
You can use Bitrefill. https://www.bitrefill.com/india/?hl=enI had used them about 2-3years back and at that time the only thing you could recharge was prepaid phones. I topped up my carrier using them. You have to just wait for the transaction to be broadcasted, I am not sure about whether it is zero-confirmation deposit there nowadays but even then just wait for the 1confirmation and the payment should come through. When I tried, it was pretty fast once the first confirmation came in. If you still have any questions you can ask here - https://t.me/bitrefill
|
|
|
Well, that's a huge advantage that crypto doesn't have. in addition, trust in fiat is greater than crypto. moreover, people are more dominant looking for cash, even when they use crypto, they sometimes use it to improve their fiat.
The simple way to understand this is that fiat has been here since years and systems of payment have been developed to become more in a digital landscape just in the recent decade. Of course the acceptance and usage of fiat is much higher. Crypto has its own niche usage and a cult following. Majority of the people who use crypto are in it for the long term value and not transacting on it. Storing crypto for its value is becoming more important for the next generation and the current generation. The future is unknown but people are optimistic about bitcoin being used more in transacting than just hodling or trading.
|
|
|
That is the right place for people who want to search for a peaceful place without an internet connection. Not all people who can do that, especially if they don't connected with the internet, and you are the one who can do that. Just book a vacation to a well known place and you are all set. Indeed it is important to return to such places at times because a continuous gambling spree does have its bad effects just like too much of anything is always bad. Unwinding is an important aspect of life and lack of it does lead to problems. I think that could be one of many methods to learn about controlling ourselves, stay calm because we can feel boring while we stay there. Soon enough one feels the urge to go back because they are missing their work. That helps fuel the user with a new enthusiasm to do their work even better. Now how much this has effects on gambling is not known to me, but it will be good if you are trying to reduce the habit of gambling.
|
|
|
It comes down to the same discussion of whether bitcoin will be the safe haven of money if the world economies collapse. The answer is No, which might sound like a stab in the heart for the bitcoin users, but the hard truth is to be accepted.
If ever economies do collapse, like DarkDays says, like another depression, people will focus more on buying stuff for feeding their stomach and just surviving the days. The concept of investment comes when the basic necessities of life have been dealt with, not the other way around. So those who even had some bitcoins would sell those for liquid cash to use for buying stuff they need.
Then again, the acceptance of bitcoin is non-uniform if you look into the world maps. So it is out of the question of whether bitcoin is antifragile or not, It is fragile, like any other asset.
|
|
|
The Idea of making profits using high Volatility and perpetual swap contracts looks beautiful from the outside but the whole ugly truth is hidden on the inside. People are always getting liquidated or making have losses when they enter wrong positions. Yeah these topics are just promoting the hidden mindset of the risk takers. Since the market is moving in a downtrend recently, though this morning it has become bullish, brokers are advertising their services in a biased way to make these fools think that they can make more money than just spot trading. I hope you have seen the movie "Wolf Of Wall Street" - you will understand it better then. It's not a bed of roses and definitely not for the faint-hearted. Before joining Margin trading, always know that there is also a chance of making great losses in the shortest time possible In fact brokers or in this case exchanges make majority of their money from margin and leverage. Futures and Options are also profitable for the exchange not the person playing on them. Of course some do profit from it but it is a type of gambling.
|
|
|
I can see some users suggesting notebooks and excel spreadsheets. But the real truth is something different.
As soon as you run this for a month or so you will realize that you are actually losing more than you are winning in a proper scientific evidence which you have recorded on your own. This will either have two effects:
1. If the player is an addicted gambler, they will deny the evidence/record and throw it away to continue gambling, hiding the fact that they are going broke. 2. If the player is a wise gambler, they will accept the losses and either move on or reduce their habits.
|
|
|
Especially dangerous for those who are trading on Futures or Perpetual swap markets. Becareful with your funds!
If you are trading futures there is nothing called safe. Futures and Options is a gambling market. It is literally trying your luck on whether the coin is going up or down in future and the stakes are pretty high here. Spot trading volume is much lower than what margin, futures have in volume. This shows that people have the money to put in these but the risk is also high. Of course one should not trade what they cannot risk to lose, but when the thought of putting in 100$ to make 10k$ you would not stop putting in something from your savings. You have to decide what to do there.
|
|
|
Thank You for clarification, can you please let us know how we will get merit in this forum.
Let me make it clear for you. Merit will be awarded to your posts if they are having some substantial content and not a generic post which beats around the bush. So expect a very low earning of merits if you are determined to spam the forum and get paid from signature campaigns, though we have had many users who have earned a lot of merits even when wearing a signature. Dont hope for merits to come, because they are awarded by merit sources who are also humans and have voluntarily entered this post or have received merits from other users. Just post normally and know that there is no hard and fast rule for getting merits.
|
|
|
Altcoin season should come during BTC halving or once coronavirus issue fades guess market will be back then.
Very optimistic though. But the world needs to come out of the crisis first and then get the economic condition stable again. Opinions are divided among what is going to happen with the halving and its effect on prices now that the pandemic has occurred. The halving will come as it has a fix schedule but the coronavirus might stay longer, God forbid, but I'm just trying to be realistic here as the its been spreading so fast especially in the US which is a major country. True, the halving does not depend on the pandemic. It will come no matter what. So the expected pump that was supposed to happen before the halving may not happen at all. We might not see altcoin season at all this year anymore because the world economy is going to need time to recover. As in BTC halving its expected that the value of bitcoin will rise but it does not mean we will also see an altcoin season, it was never a guarantee. In fact I am more of the opinion that altcoin season is a gimmick and just a false hope to altcoin holders. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
|
|
|
Mainly the sports betting sector of the gambling industry is getting affected. The live dealers and such are still working from offices as seen on Evolution gaming and so but things might change in future. But we can safely assume that the casino games which are working without any human support are going to keep running normally.
The problem will arise when the players play too much, they will be wasting money on gambling such that money for essential items start to decrease. Do not let this time become the bad omen for you. Gamble responsibly and keep in mind that this is a crisis situation where keeping your health and mind intact is more important.
|
|
|
It is quite difficult to say how much blockchain can actually be useful for globalization. It might not actually. But things are optimistic if you look into the IT farms and the Banking sector embracing development of blockchain and implementing it for their services. Soon enough the banks will become the pioneer in blockchain tech, unlike what the bitcoin users here think, in other words, the tables will turn in favor of the banks. In general, it should, because for the most effective functioning it is necessary to connect projects with each other, create synergy. However, there are a number of problems that are directly related to the types of blockchains, their speed, security and scalability. These things are present with any new technology or method that is under development. The good thing is that tech companies work on them and try to modify things into working with speed, security and stability. Gradually we will see development and which if for the good.
|
|
|
|