What is your suggestions about profit from altcoins. Should we rely on only buying long term projects or we should invest according to trend despite of looking that trends coin will have no value in future?
For altcoin i still realize that the long term is a condition where its like gambling for them. Not to say this is bad but I have felt that in the end being in the long term for altcoins is a waste of time and energy because in the end it is not the best option for the long term and we know what is best for the long term until now. If you are in altcoins I think it would be great if you just take advantage of momentum even though I am currently not in altcoins anymore and focusing more on bitcoin but I think taking advantage of momentum is the best option for altcoins rather than forcing yourself for the long term. If your thinking is right, then we can say that investing in Ethereum is useless as well. We can't generalize altcoins because some of them are still profitable long-term but if we talk about these new projects, I could agree that they are not worth investing long-term. That is if we are planning to invest in crypto for the long-term, we better consider choosing old coins but of course, spending more shares in Bitcoin is advisable. And we know the reason why - altcoins are fully reliant on Bitcoin. |
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I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I don’t want to try hard when trading it
I assume that you already have all the knowledge and are ready to make real trading but never think that you can't lose anymore, don't underestimate the market. However, in your position, the chances of making a profit are quite high, yet you need more experience to improve. One that we need as a trader is to overcome fear and urge ourselves to be strong and remain calm. We need to stay positive despite losses and never give a chance to have negative thoughts for this will be the reason that will bring you down instead of pushing up. |
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Less gambling expenses for now in these holiday seasons as I will probably be spending more time on my family, going out for parties, meeting up with old friends, etc This means I only have a little time for gambling and maybe, I was thankful for that. And even if still be in gambling, I don't think I'll be exceeding my limit, as it has nothing to change.
I think this holiday season will be considered a huge break from gambling stuff. Celebrating Christmas together with the family and spending time with them is very important.
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True. People who aren't expert in trading, holding is only option for them to make profit. But hold has ups and downs and sometime you need to go through a risky process while you don't have knowledge about dip or where to buy. Most of people want to have profit within short time but problem will start when you unfortunately buy your a altcoin while it was high priced and then it dumped from the point you bought, that will be the most channeling thing as you don't know how long you need to wait for recovery. The common issue is, when a holder become so panic and sold token with loss. So yeah, it is hard to hold till become make profit from it
This situation has happened to me and I can tell you it is not an easy place to be, buying from the top and the price get dumped and you are literally stuck, not able to sell because you will be losing 90% of your investment. I can say it is the moment when your hodl ability is tested, it fills like forever, not going to lie. Hodl is not easy, the period is full of different challenges and if you are able to pull through to the next circle, you can consider yourself a diamond hand.  Well, I could agree especially if we often check our coins every day because at the moment we saw that our total investment turned red, we started to think negatively and sometimes went to selling. Indeed, holding is a self-test if we really have patience and how long we can take it. It is actually boring to wait long which is why more investors prefer short-term investment over long-term. And holding was hard especially if we overthink that after we buy, we already then earn some and much more if we just relied solely on this investment. |
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If parents know about something then they easily can teach their children from an early age but if parents does not have knowledge about bitcoin then they will not support their children to make bitcoin investment. Henry's father and mother both were familiar with bitcoin therefore they wished to teach their child about bitcoin.
Parents role is to educate their children and teach things that can be useful to their future. It is quite good to see that some young people have already gained interest in knowing more about crypto, about Bitcoin, and even shared it with their friends. This is one way of spreading information about Bitcoin, the more individuals talks about this, the fastest it spread. As early he get knowledge so he will be a rich person in future because in early age a child has active mind and he can learn all the things well therefore he takes interest to learn and search differently about desired field. Parental support is a key to success and as Henry's parents want their child to get success through bitcoin so it means that they will already have achieved profit from bitcoin.
Not all at that age gain such confidence and can even talk straight about Bitcoin. I was certain, that kid had done more research than the usual thing we do. He is not just good at spreading information but also, has a desire to influence people who also have the same interest in life. |
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1% is a good strategy although I don't use 1% but about 5% of my monthly income which is below $70k. Whatever amount of percentage a gambler chooses to make use of let it be that it's a percentage he is comfortable losing because everyone can't gamble same way as your urge for gambling longer time might be higher than mine so my percentage may not fit into that of yours but the button line should be that you are in a comfortable position in losing it. Just as OP had said, when we use that which can afford to losing to gamble we feel settled within and won't gbe battling with all the anxiety that do come with gambling risk.
I know that the percentage can be different for each gambler based on the urge they have or the risk appetite they carry, but I think 1% is still too low for anyone from any gambling category. Imagine someone is getting $1,000 as a monthly income, 1% of that would be $10 only, and I can't imagine how a person can spend only $10 for the whole month on their gambling activities if they are a regular gambler who gambles almost every single day or at least once in two days. So, just like you, I believe one should use at least 5% of their income so that they can at least enjoy the experience. I know it can be different for people with addictions or those who wish to earn money from gambling, but those who gamble for fun can have more fun if they spend a bit more on it. Without a doubt using only 1% of your income to gamble may seem to be an amount of money that is too limited for those that may enjoy gambling with some regularity, however when taking into account the money you have to spend to keep your current lifestyle, the money you have to save in order to invest in assets that could grow up in value and the money you need to save to have an emergency fund, it is not as if there is too much money left you can use to gamble anyway. 1% is already a huge amount for rich gamblers but I can't imagine the amount for the poor and average people. I have no objection to following such an idea but the problem is if it is easy to make it a habit especially if we are already heavy gamblers. We can set our limitations where we know it won't compromise our finances. Spending 1%, 5% or $1000 is our choice, we can still escape from addiction if can manage our gambling habits. |
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Does the type of game you play at a casino or sports you bet on show an individual's level of intelligence or how smart a person is?
Blackjack, Poker, slots, roulette, baccarat, sports betting, horse racing, betting on sociopolitical events, keno, etc.
I gamble and I choose to bet/play if I have knowledge of that particular game. Perhaps, it was our advantage over others and that will increase the chance of winning, aside from getting lucky. In fact, whatever you do whether it is gambling or not, never expect success if you don't have any idea of what you are doing. It is just like you going nowhere and you will never know what you gonna do next. If you are gambling, should also spend time knowing about it. If you are in sports betting, be sure that you are also a fan of sports. The same thing applies to the other games. |
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It is simple, not all success stories are true, especially if that person is not known. Successful people don't show their stories unless someone gives them an interview and post publicly like on social media platform but some prefer to stay anonymous. While those people - like we say these influencers use their stories to gain attention, I don't think they deserve appreciation and trust.
Yes, we should be careful about who we trust and who we follow. In the world today, many stories can be faked and edited videos to show. Research is only the best thing to do, nothing else.
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I admit that I still use banks to save my money, and I still use fiat money to buy stuff since crypto is not yet accepted in our place.
Honestly, the use of cryptocurrency isn't fully accepted in our country which is us crypto holders to convert it into fiat and save it in the bank. For now, banks are the best option to keep my funds as I was afraid of keeping them online knowing that hackers have been aggressive at least having it kept in the banks gives me some confidence.
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Question: Is there any amount lost that can make you commit suicide?
If yes, then don't ever use such amount to gamble.
I've heard of people's shops, warehouses with goods worth millions of dollars completely burnt down and they thought that was the end. Some how, they started a fresh and they got back on their feet. I don't know the circumstances surrounding the demise of the gambler, whether it was all he had that he used to gamble or it was a borrowed money, but no amount lost should warrant taking your own life. As long as there's life there's hope. He would have learnt his lessons and moved on. We all do not have that kind of thinking, some easily get stressed and can't think of the right thing to do. And some will take their lives thinking that was a great solution to their problem. Indeed, it was just money and we can still get it but what if that is borrowed money and promise to repay it tomorrow? We can't really say that it was only because of gambling as it is possible that he used this to rid of his main problem yet the issues got worse and he even lost a lot of money. It was not worth taking and maybe if someone could advise him, he probably be saved. |
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Just trying to get the communities opinion based on their experience about the topic.
Personally, a a bettor, I find it very stressful when watching the game you are betting especially if it will end up a losing bet.
If we have the same experience, how do you cope up with that problem, after all, gambling should be fun but why we have this kind of feeling that we feel disappointed when our bet loses?
Usually, I put my bet on my favorite team. I was disappointed not just because I lost my bet but also because my team had lost as well. That is a normal feeling for everyone because in our hearts we want our favorite team will win and together we win as well. But still, it was acceptable since this is gambling, someone will lose while someone will win. Sometimes we get lucky and sometimes we are not. Our winning assurance in gambling is unpredictable, nobody can say that we are lucky today that is why we just assume that every time we bet, we are lucky. And get mad when we lose... |
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I want to make an investment with just $50 as a beginner i don't know which coin am i to start with but i heard been hearing a lot of people both physically and on social networks saying incredible things about (BTC), that is the best. please i need your assistance ??
op First I'll tell you. If you believe social media ads and don't invest at their word, you can lose money. If you want to invest $50 in bitcoins I think it's a waste of your time. Because if you buy bitcoin for 50 dollars you won't make much profit. So if you want to buy Bitcoin first you must have a long term plan. If you only want to invest $50 then you will only learn and nothing else. So you need to increase your dollar amount. And try to make long term plans for yourself. Patience is very important in recruiting. Investing in Bitcoin by patiently checking the market will surely make you successful. I don't think it is a waste of time. Since OP is new in the crypto space, we couldn't suggest him invest in a huge amount of money and I believe that $50 is good enough for a newbie. Of course, we can't expect profit from it, just learning but after a try, he could decide if he spends more money or not. At least OP shows some investment desire in Bitcoin and at least he has an idea of what is all about. So in the case he succeeds in his first try, he can tell himself that I wants to continue and accumulate more. |
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Hey house someone need a few clips here, don't know if a post of this exact nature has been discussed though.
In a situation where the both spouse are gamblers. Husband gambles, wife gambles, how can both of them manage the situation in terms of finance and the family affairs especially when children are now involve so that the time both spends on gambling doesn't affect family moments and affairs in general.
Would it help if one of the couple quit for the other and if that's the case who should quit for who.
In this case, it was good for the wife to stop gambling as it was not good to see especially if they had kids already at least one of the family would take responsibility for handling the kids. Time and family bonding are very important because if both are gambling, the impact on their relationship is not good. Even if the father/husband left gambling, he should still manage to spend less time gambling as this will help to have a strong bond and family communication which is very important. |
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Question: Is there any amount lost that can make you commit suicide?
If yes, then don't ever use such amount to gamble.
If we value our lives more than anything in this world, we can't think like that. Only a person who has a mental problem will have the courage to take their life. Sadly, we just found out that gambling contributes to some mental health issues where some gamblers can't take depression and stress make their mind out of control. Perhaps, this is not the first time I have heard this news, it happens many times. That is why I just hope that all of us can control our emotions and practice being responsible gambler who knows what is good for us. |
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Hello,
If someone has made a loss in buying and selling Ethereum, what is your suggestion? Should he\she hold Ethereum?
Is it possible for the price to reach $2300 before Christmas?
Thanks.
Although, I am not a financial advisor, however I have been trading Ethereum for over six years, starting from its launch. During this period I have witnessed substantial and consistent growth, despite the fact that there were bearish trends when similar to Bitcoin its price was also dropped significantly. In the context of my experience, I would suggest you toconsider holding it for long term or at least wait for potential Christmas rally, which historically has yielded handsome profit for investors. The price rally seems to be expected this Christmas season as Bitcoin does the uptrend motion, and ETH will also pump. For IMO, that was is too early to take advantage of the pump, if we don't need to use our money, it is better to continue holding until next year as we believe that more pumps are coming rather than decline. That is why I could say that holding ETH is not a regrettable decision but rather a wise choice. The current price of ETH is already at $2,100 ++, and it was possible to reach $2,400. |
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I'm preparing for the college entrance exam to go to college, so I can't make money from working. I get about $100 of allowance from my father every month. I use all of them to buy bitcoin because I can use father's credit card for expenses such as food, clothes. I can buy Bitcoin on a satoshi basis every month, but when I see people buying Bitcoin basis on the internet, I feel like I'm too behind myself. Maybe they have a much higher income than me because they have a job. I think I can only invest $100 a month for the next year or two, would that be enough? I am worried about missing big bull market with halving and etf approval.
While I see it as a good amount to DCA monthly, but in your case I don't think you need to spend into bitcoin the whole of it knowing you are still preparing yourself to go into college which means saving would be the best option. You can invest later on even with a higher amount as long as you obtain already your stable job. That's from my personal view. However, if you really insist with that amount, then that's still fine as long as you can afford it losing. Otherwise, you will be left with regrets wishing you hadn't invest all the money as you might be needing them in your studies. Investing is a good idea but putting all our money into it is not a wise decision either. Spending 50% seems to be ideal (just for me) and the other 50% is considered as savings. OP shouldn't have to sacrifice everything just to have this kind of investment, he should also think about other things that will need money as he can't just be fully reliant on his father. Another thing is that we should not hurry and think of missing the chance, it is a big mistake and this may lead to not getting into the plan and end up losing. |
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Every project developer does good marketing to get attention from the public just like Solana. Now the question if Solana is worth buying. Well, I would say that it was really hitting my preferences and criteria for choosing a project/coins and it is because I don't see any reliable use case of this project to help it stay long in the market. This project is just like thousands of coins out there that only rise when hype and manipulated price, not because of its increasing demand as people see its potential.
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I'd rather choose to gamble 2-3 times a week rather than just spending 20 minutes gambling.
I'm not against spending less time gambling than the usual time we do but it doesn't mean we don't give time for us to enjoy gambling and just limit it to 20 minutes. There is nothing wrong with spending 1 hour or 2 hours gambling as long as we don't do it every day, I think it is much better.
If the reason for doing this is to avoid addiction and overspending, I believe the best thing to do is to stop gambling, not this way.
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I have heard some guys saying they regret of joining gambling and they would not like those of their friends who are not playing gamble to involve themselves in gambling because according to them gambling is a cankerworm which eat wood gradually till the wood break and destroy the wood and that is how gambling does to the gamblers. And for me I can't say I regret of gambling because I only play game s which I interested in and not for income or profit but for fun. Though I use money to gamble and I don't regret for playing games because there are time they took my bad memories to new laughter and make me to forget the sorry of from home.
Regrets and blaming just happen for the gamblers who think that gambling makes them rich, those gamblers think that they always win. Regrets is just come from desperation and disappointment, many people do that every time they fail and mostly blame others for their losses. But for those who understand how gambling works and have only the intention to gamble for fun, we never hear such things but instead, they accept it. But sad to say that most gamblers thought that gambling was a way to have a better life not knowing how it would turn them into a nightmare. That is why instead of chasing winnings, we'd rather enjoy ourselves gambling. |
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That year was a big surprise to the people and the world, especially those who ignored crypto and thought that was a scam. That was the year that brought attention to the community making these rich people and businessmen talk about its brighter future. Even shitcoins had pump xxx times that every holder got money more than what they thought. But I'd never expect this thing to happen again aside from coins that have a use case. For now, the best and least secure investment is to buy old coins which we can expect to skyrocket once bull season comes.
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