So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
It is a very volatile market; hence a sharp drop in price should always be expected and should not be a new thing. The demand for the market is low unless we want to keep lying to ourselves and one thing I am sure of, is that whales are leveraging on the fact that there are so many non-believers of the market with just the only sole aim of getting rich overnight, which gets them scared easily even at dumping at loss. In this vein, they move the market up, people aforementioned, started calling moon; the price could not go further and becomes weak, and then boom! It starts coming back down. |
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What is the prime motto for your gambling.
Many people here are against considering gambling as a earning source. Without money, you will not be able to gamble.
Just for fun type of gamblers, only a demo account or a video game is more than enough.
Please share your ideas on role of money in gambling.
I agree with what you said as I see gambling as an entertainment only and not a source of income. I don't know why other gamblers see gambling as a source of income for them. Maybe they are too lucky that they are winning most of the times or they are just addicted unto it and they can't stop themselves. For me, gambling is for fun only and yeah demo account or an game in android will make you fun already. You don't need to spend too much if you want to entertain yourself. for most people who have a lot of money they do gambling not to earn money even though most of the online gambling they play do not use real money but the types of coins at stake have very valuable value, they are just looking for entertainment that can be fun and have a tense sensation when playing inside it. Yes, it's depend on the person/the gambler. For rich people, money is not the problem in gambling but for not rich people, of course money is everything when it comes into gambling. I really would not say it is about being rich or being poor as it depends on each person's mindset. Trust me, it is not everyone that is rich that worked for the money and some even got it on a platter of gold which is the reason they may not value it so much and then tend to waste it all away in the hope of making more. Sure, those who are rich and smart will never see gambling as a means of making money, compared to those that are poor in a larger percentage, but like I said, it still all balls down to the mentality each person brings into the gambling space in the first place. |
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Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.
If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.
What can you say about this?
That is B.S. No sane person will simply want to put all their eggs into one basket and I am sure most of the people that invested earlier into cryptocurrency and have been able to get rich through that must have been able to find other avenues to invest their money, which apparently could have created more jobs and as far as I am concerned, that is absolutely a development economically. There will still always be these things in place and it is not like every single person will just concentrate on acquiring bitcoin since it is not like you can end up acquiring it for free. |
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I think the first one sgould be never ever jump into trading if you don't have exact money as profit and if you don't know and study the fundamentals such as indicators, becuause in conclusion all of your effort, time, money , will be wasted you should have a solid foundation before entering into trading industry.
Studying is always one key factor for every trader. You never ever stop learning and you do all it takes to make sure you know what trading is all about, and you can go about it and own a good strategy before you can even start going ahead. What a lot of people fail to do is to assume they already know the little things they have learned and then just think that is all that is necessary, but trading is a very big, huge and complex profession which if you do not learn right, you are bound to fail woefully in it. |
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There is a very high competition in casino business but not so high in crypto casino. But we can proudly say that there are major players which are so competitive that it's very hard to beat them. All you need when you enter in market is Great template, great support and amazing promotions. This last one plays a huge role to attract customers. When others play regularly on top website and then see you offer something exciting and attractive, why not to play on your website? And when I play, as time goes, if I like your website, I won't only play for the sake of promotions but I'll continue playing because I like it, it attracts me and gives me comfort during my gambling.
P.S Don't buy any script, hire devs and keep team.
There is actually a very high competition as well when it comes to the crypto casino space and not just casino business. If you do not have something substantial to bring to the table and at least a platform that can be a bit trusted, then there is nothing for you in the crypto casino business space. A lot of crypto casino platforms are already doing a great job and trying as much as possible to keep remaining relevant which to me is a top notch. |
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According to market analysis, the supply of bitcoin will get decrease by 2020 and due to shortage in supply, it is expected that bitcoin will hit more than a trillion dollar market cap.
That's the reason why traders estimate the price of bitcoin will hit $100k in 2021 and i am sure we will see that day
Yeah that might happen, imagine if the number of bitcoin users is not too big right now, but the marketcap has reached hundreds of billions of dollars, of course if everyone in the world that is very likely to adopt bitcoin, of course marketcap will reach trillions of dollars I can imagine what it would be like when bigger institutions start stepping in and they are beginning to take the piece of the global cake which is what I believe would be the case in the long run, let alone, when we end up hitting the level of mainstream adoption and the real life usage of bitcoin hits some maximal level than what we have now. The thing is that this market sure have the potentials of hitting a trillion dollar market in coming years and that I am hopeful for. |
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This is why we should always be putting money in the cryptocurrency and we should invest regularly in cryptocurrency because this is the next big thing and if there will be a crisis in the world like a financial crisis again then it will boost the progress of the cryptocurrencies to increase their prices to the highest potential and only the old investors will enjoy the benefits.
Yeah! A time will come when people will start seeing why it is necessary to invest in this space. A lot of the institutions already know the potentials available in this market, but they sure won’t want that much attention until they are able to hold enough of it for the long run. It is a good thing for those who are seeing the importance of being in this market and not just because of the long term profit, but because it stands a chance to be utilized as a means of storing value which was even brought about in the first place due to the past economic crisis repeating itself. |
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One of the biggest positives for myself and gambling are the friendships I've made from it. Formed a lot of good relationships with great people that I wouldn't have if I wasn't involved in gambling.
It really does help stimulate the economy as well by providing jobs, this is something that the gambling naysayers often forget about.
I agree with you about making friendship, I think it also helps being patient. Nothing like being patient when it comes to gambling as what is mostly important is to accept your fate of losing even before you start the game and that would make you to gamble what you can afford to lose anyway. Benefits of gambling to me would be more applicable to the casino owners and not for gamblers except for those who were able to have some heavy luck and smart enough to win a huge amount of money and cart away with it without acting stupid to lose it over again. |
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I absolutely believe that cryptocurrency will reshape our financial landscape. The power over money will be in our hands. Aside from low transaction fees, there are basically no borders in between. No banking hours, no long queues to make withdrawals and deposits –all this with top notch speed and security. This will totally shake things up in the baking system, don’t you agree?
We are still in an adoption phase and looking forward to further development and with this development, and the way things are going, I am sure we would not need a soothsayer to tell us cryptocurrency will eventually have a space in the financial sector. Looking at how the financial sector has been disrupted since the existence of cryptocurrency, the rate at which attention has shifted from fiat to crypto by users; it sure means we are on the verge of growing more than this in the long run. |
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No, of course not. I assume that the Bullish market runs if the Bitcoin price reaches around $ 10,000-$ 11,000. While for now, Bitcoin can only reach around $ 7,000. I am afraid it's just a trap, don't you think it?
It's already blown past 7,000 within the last couple of days... Right. As I have said in previous threads, this is a bullish pattern that we are seeing after trading sideways in 2nd-4th weeks of August. it blew past $7K and now above the $7200 mark. So its really exciting because all indications is green, alts already suffering which means more money is moving to bitcoin market. Perhaps a good run above $8K, but then again there's the looming ETF decision at the end of the month that might make a big difference in the price in the this last quarter of the year. Do you remember last year, period from August to January exactly? Everyone felt that bull run, next bull run will be bigger and stronger when corporations start to buy crypto, whole world will fell that, who have crypto in wallet will feel it much harder and better then people who don't have crypto, they will just feel regret at first that will grow in envying and sorrow, and who f. them for that when they didn't believe in blockchain, they will be left behind. Crypto bull run will come again, I'm sure it will, for me it's question of time and sooner or later it happens it will OK in any case I'm here and I'm trying to have more crypto until that point when things will start to grow like crazy. That fact obviously cannot be discarded as well which is one of the reasons a lot of traders still believe this is just a bull trap and would rather be very careful trading this market. Sure, it looks like the whole market is getting geared up but how far bitcoin would go certainly will determine how well the altcoins most especially can go as well. For bitcoin however, this is a something which is still quite uncertain yet in the direction of its movement but from the look of things, I would rather not bank so much on a bull run. |
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The most important part is the leaving when you are ahead part. If I am ever gambling and suddenly make a decent return and make good profits (which is not rare but unlikely option to losing) than I usually stop and keep the profits and withdraw what I initial deposited and leave the casino.
I go back next day or couple days later and than gamble with the money I made and that makes me feel like I am gambling on free money (if you consider what I already lost, its surely not free) and that makes it even more fun. Leaving when you are ahead is the best quality a gambler can ever have and I think not doubling down on a lose is another big one. If you lost, cut your loses and leave, don't double down on it.
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What will become of Bitcoin if the price keeps falling?
Only two outcomes. 1. People will start to panic sell. 2. People will start to buy because of the expected panicking. See to it that when the price falls, its up for you to decide on where you belong. Apparently, for the price to keep falling, it is actually panic selling that would have erupted into that. However, panic selling will not last forever, and for one thing, a lot of investors are looking out for a very good low price anyway and that would make the market end up reversing at some point based on the demand for it. What is important and those who will be benefitting hugely from it are the ones who really are smart enough to pick the low prices at the end. |
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Yeah so true... I like that opening post.
People on the record saying one thing then later one they are on the record doing another thing. Just be careful of what you listen to and think, is there something in the background influencing what is being said in the news etc. Always think about it.
The reason they keep doing that is simply because they take those who listen to any word that come out of their mouth as fools. Unfortunately, the mainstream media is so much tied to their spreading of fake news and they care less as long as it is generating a lot of traffic for them since bad news sells the most anyway and would rather be making more money than what the community has to gain. This makes me to wonder why people then still pay attention to all that comes out from the mainstream media. True! Anything that comes out of the media these days is false, unverified and just a way to drive in traffic and all those forms of ethics in journalism is now a thing of the past. Unfortunately, people will always want to keep paying attention since most people are new, and they would rather want to know what is going on whether it is true or not, to be able to make market decisions. Some are just smart enough to see if it is indeed reliable information or just a fake one. |
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Overcoming the fear of trading requires constant experience, such as trying to buy and store coins and changing the daily observing market to once a week!
Definitely! Constant learning and constant experience is one thing that no new trader should ever discard. As long as you are ready to learn and after learning as much as you can, which you obviously cannot stop learning as you do so everyday even when you get good at what you do, you will still need some short term level of practice to demonstrate the skills you have been able to acquire and gain confidence from there. Without these things, emotion will always kick in and overcoming fear would be a huge challenge. |
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For me, simply it's spending money that you don't have. Credits cards are the number one source of debt for most people. I read somewhere that the actual total global debt is money that doesn't even exist yet.
Until we start seeing people seeing the need to only live beyond their means, this is something that cannot be gotten rid of. Debt has become a norm for most developed worlds as the nation apparently use that as a way to bottle up most people anyway into living their lives fully indebted to the government and one way as well for some countries, when it comes to international relations find themselves in this hole at the end. |
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i always go to coinmarketcap.com to see the general trends of top coins. then for android, i have this app called bituniverse which can give more detailed info regarding how the coin/token is performing in exchanges, including money flow.
Coinmarketcap cannot really give much information you will need when it comes to monitoring the charts and would only give you more of a graphical summary of the current market. For a better view, the likes of coinigy, trading view or even mobile apps such as tab traders are good for these kind of things if one is looking at monitoring a live chart and even being notified based on some positions. |
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I believe that gambling sites makes lots of money. However, not all of them are trusted to begin with. Some gambling sites are still not famous and trustworthy because there are many scammers. The credibility, the staff team, and professionalism is what makes a gambling site more trustworthy. If you find a good staff team and a good support team who work in a professional way, then their gambling website will be famous in a matter of time.
Apparently, if they are not making shitloads of money, they won't even be anywhere in business again for a while now and would have packed up their bags back to where they came from. Of course, gambling sites are making shit load of money daily if we tend to look at the way blockchain technology has brought about the ease for anyone to easily hit their system and just start gambling immediately with no one tagging them down. It is more like a casino having its door opened to the whole world. |
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Okay I don't agree with this thread at all. Online gambling has been a thing for a long time, long before underage kids discovered crypto dice rolling haha. It's not a miracle nor is the Second Coming for gamblers. I think its only advantage is enabling minors to gamble anonymously from home which is kinda bad and irresponsible in a way. So yeah crypto gambling is not some miraculous breakthrough this thread is making it up to be  So in a way, we probably say it is not really a miracle but a problem and in this case I am referring to gambling on the blockchain or its effect on the whole gambling activities. There is no doubt that bitcoin and blockchain as well as internet which someone rightly said above is a miracle to the world at large in itself but for the ushering in of gambling, it has really created a lot of more irresponsible acts as we get to see minors like you said, who does not even know their left from their right, trying to get rich overnight from gambling. It is that bad! |
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Those coins that you've just mentioned about, only EOS that I can see has a bright future and the best competitor for ethereum and maybe in future eos can surpass the ethereum. Neo might be a good one though, well I personally don't have interest in this coin. I'm currently holding some EOS and trying to buy as much as I can,so far it's a pretty good investment let's see how high it will achieve.
A lot of people have been a little bit skeptic for a while in investing in EOS for the long term but I still believe in a way that it would still have a lot to come for it in the long run, despite all the whole issues with centralization or thereabout. However, for me, I would rather be looking more at NEO and MAN which sure have good prospect. MAN actually is one token I have been holding for a while now and I really believe so much in the team pulling off something good in the long run as it is such a great idea which has to do with leveraging AI with blockchain technology. |
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Probably because ethereum has a great use in crypto space today, because it is used in fund raising of some initial coin offering, it is using also in peer to peer transaction because ethereum has a fast blockchain and minimal fees. So I think ethereum is ready to bounback anytime this ber months.
Most of the coins and tokens are already trying to make a move up and not just only Ethereum. Sure, we can practically say it has a real life usefulness for the well-known smart contract platform that it is, but the sentiments in the market is gradually changing and we are beginning to sense some bullish ones so far for most of the altcoins, but it is still too early to start jumping into conclusions, considering how the state of the market is with bitcoin controlling most of the market in general. |
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