I am a government servant, working in regional land office. At the end of five years of my working life, I have spent part of the salary I received during these five years for family and saved part for future. I have been saving my money in the bank for more than five years for the purpose of saving for the future and purchasing a land. If I were to mention the amount of money I saved in five years, it would be about 11 thousand dollars if converted to US dollars. My plan was to buy a land with this amount of money but whenever looking for land to buy land my idea completely changes because the lands I like will not give me this amount of money. If I can't buy land in a position, I have no desire to buy land in a common place.
Since I have like 11 thousand dollars right now, I want to invest this amount in Bitcoin instead of keeping it in the bank. I know about investing in bitcoins and I know that there are risks involved, I am investing in the potential to grow money but I want to invest in bitcoins with the understanding that my money may go down due to market volatility. I decided to withdraw the money from the bank at the beginning of the new year and plan to invest the money in bitcoins. Now that I can't buy land, I will definitely hold this investment for a long time so that I get good returns at the end of the long term and I can also accumulate some more money through employment.
At the time I planned it I felt I should have planned it earlier.
Not a bad idea. But know the risk and rewards involved. If you are not willing to risk your money, and you might need the money in case of emergency or something like that, then in that case, the purchasing a land would be a better choice. The value of land should be appreciating in the long run, but the returns might be minimal, but at least you won't be losing any money due to inflation or something like that. On other hand, if you are willing to risk, and you won't need the money anytime soon, then invest in bitcoin and keep holding it until you are ready to take your profit. But don't invest the money if you might need it anytime soon. The market is very volatile and having to sell at the wrong time might cause some huge losses for you. |
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So I read a thread by a new member who was asking if the information that is being shared here is just theoretical to gaining relevance in the platform or is something that is actually being practiced in real life situation and the first thing that came to my mind is the numerous post about securing ones Bitcoin holding and the fact that some persons might be taking it for granted.
The truth is that people actually loose access to their private keys and will loose their bitcoin In the process and a lost bitcoin isn't even a disadvantage to the network but actually increase the value of bitcoin in circulation and so if you take all the security measures being shared in the platform for granted, you're putting yourself at a serious disadvantage because if you loose your bitcoin due to your carelessness, it's your loss and not that of bitcoin and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.
Yeah, lost bitcoins are lost forever and is somewhat "removed" from the circulation. And yeah, it doesn't affect the overall "network", but there are people that ends up getting frustrated. They start blaming the whole blockchain and crypto currencies for being very complicated (even though it is not). They stop promoting crypto currencies and share their "horror" stories with others. The newbies or people that hears about bitcoin for the first time then starts to hesitate and decides never to invest in crypto currencies. So yeah, even though it might not affect the network, but it will discourage people. Instead of being happy or wishing for things like this to happen, we should be focusing more on educating the people and being sympathetic towards those who lost their coins. |
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Hello,
What cheap projects do you know that have good potential?
Thank you.
Do your own research. Don't ask for people where you should invest your money in. Most of the people will suggest you to invest in coins that they have invested in and will be biased. They will try to shill for some meme or useless coins and they wouldn't care if you lose all the money. After all, it's not their money that will be lost. I am not saying that asking for peoples opinion is bad, but don't be asking in this way. At least learn about some coins, make a list and then ask people about those coins. There are also specific ANN thread in the forum where you can discuss about those coins. And if you are looking for "cheap" coins, don't look at the price, you should be looking at the marketcap. |
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The rise in the price of BTC (Bitcoin) has certainly had an effect on the market. With its increasing value, there has been a surge of interest and investment in this digital currency. This has led to a ripple effect on other cryptocurrencies as well, driving up their prices as people seek alternatives to Bitcoin.
Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.
So guys what are your thoughts about current situation.
Bitcoin does have a positive and negative impact on the market. Whenever we see the price of bitcoin going up, we also see some well known altcoins going up in price. There might also be situations where the price of bitcoin goes up, but reputed altcoins price don't change much and other lesser known altcoin price starts to go down. This is most likely because people start dumping their altcoins and invest it on bitcoin while also preparing themselves to invest in those top well known coins. That is what happens every time when we see the price in the bitcoin price, but to me, the effect is not completely reflected over every cycle. In the previous cycle if Bitcoin jumps 30% then most altcoins will surge 30% in average but now its not even 10% but random coins jumps 100% in 24 hours and in the next few days it will bleeds out which means the altcoins are only used by bump and dump investors and not for any real use cases.
You mean like the coin you are right now promoting using your profile? |
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I am just wondering, what will happen if Bitcoin shutdown? Will the market crash? How about the effect of this to altcoins? Can government shutdown Bitcoin? I have a lot of question about this matter, because who knows, right? Also, how about hackers shutdown Bitcoin? What are your thought here? Let's discuss this.
What exactly do you mean by "shutdown"? Like the network failing or something? That is very unlikely to be happen because if you follow the consensus, you will know that bitcoin is immune to "single point of failure". So, no. No hackers can shutdown the entire bitcoin network. Not even the government. All they can do put strict ban on usage of bitcoin. But people will still use bitcoin "illegally" I guess. As long as they don't interact with fiat currency, there is nothing much the government can do. But lets assume something has happened to bitcoin. Then yes, it will affect all the other altcoins. The price will go down with bitcoin because most people would already have lost faith in crypto currencies. Even if it does take time to recover, it will take decades. |
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Does anyone here really utilize these online crypto casinos to place bets in bitcoin and have you had much luck with it? What have you found to give you the best odds in winning? Is there any skill involved in any of their games or is it all purely chance?
Crypto casinos aren't something new. Look at the gambling discussion thread and you will see how many crypto casinos are out there. To answer some of your questions: 1. I think there are many people here that has used crypto casinos to place bets with bitcoin and got very lucky. You should visit one of the casinos and have a look at the leaderboard. You will find lots of users with nice profits. 2. Look for games with lower house edge. You have better chance of winning there. Try to play games like dice and avoid slots. 3. There are few games where you might need a little bit of skills, but in most of the cases it is all purely chance. |
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Sad to hear about what happened with your dad. You're right, gambling can be harmful but only if it gets out of control. It's all about balance and knowing your limits. If you're gambling just for fun and not risking more than you can afford to lose, it's like any other paid entertainment. The moment it stops being fun or starts hurting your finances, it's time to think again. Gambling definitely should never be seen as a way to make money. The wins should just be considered as a bonus, something to enjoy in the moment, not something to rely on. And yeah, if someone feels they're getting addicted, it's super important to reach out for help. Best to talk to someone very close to you.
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Good day everyone.
I'd really need your advice on something I'm debating within myself. Okay the screenshots below is a running ticket that's been on since Sunday, I carefully selected 2 games for each day using the same market options for all the games( Home or Away to win). I've been carefully watching the game every single day as everything has been going as planned, although there were times I panicked as some matches almost went bazaar. But thankfully everything went well. So today's the final day and I've been given an incredible amount as my available Cashout, so I've been waring against myself since morning if I should take the cash out or if I should just allow the game to finish playing. Honestly I want to leave the game, besides it's just 2 games left and the games are likely to play in my favor, but who knows, these things can be so unpredictable. What if I take the cashout and then the game plays ( which I believe will happen) then I'd be loosing over half of my winning, and then what if I leave the game to finish playing with intentions of taking everything and it goes otherwise. Please guys I need your advice, the first game starts in a couple of hours and I still can't decide on what to do right now.
-snip-
I wouldn't say this is a tough situation. You are just making it tough on yourself. But here's the thing, it's your call at the end of the day. Asking random people online is okay for opinions, but remember, they're not in your place. It's your money on the line, not theirs, so their advice might not be as cautious as it should be. And most people will just tell you to take the risk because if you lose the money, it won't hurt them a bit. If you're a risk-taker and feel confident about those last two games, then maybe give it a go. But if the thought of losing what you've already potentially won is bothering you, cashing out could be the smarter move. Half a win is better than a total loss, right? |
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Don't forget about "buy the rumor, sell the news". There will be lot of people anticipating a price increase during the halving. They will all start investing as much as they can before the halving. The price will start going up. And when finally the halving happens, there will be people selling their coins to take their profit, cause the price to go down. So yeah, in the short run, there is a chance the price might go down a little after the halving, but in the long run, it will cause the price to go up. Same goes for altcoins, but in this case the altcoins are more volatile and riskier. Go for the top altcoins that are well known if you want to risk less and always invest what you can afford to lose. Don't get greedy and spread your investments!
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You are absolutely right about Bitcoin not being a get-rich-quick scheme. It's definitely more of a long term investment thing. If you check out the price charts, it's clear that Bitcoin has shown an overall upward trend over the years, but it's not without its ups and downs due the the well known volatility nature of crypto currencies. Like you said, patience is the key with Bitcoin. It's not about making a quick buck overnight, it's more about holding on and taking advantage of the market's volatility as much as possible. And you're also correct – there's no 'perfect' time to jump in. The best time to invest is when you're financially ready and can afford to do so without putting your other financial obligations at risk.
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A lot of persons who despise Bitcoin or crypto currencies in General were once involved in them.some of these persons hated Bitcoin and crypto in general because of some common reasons.
Some of these persons may never have ventured the crypto space nor Bitcoin investments before because of some government restrictions against Crypto especially in countries like china etc where the government is strictly against it. Others are just afraid due to possible stories they have heard of people who lost drastically in the crypto space either due to hacks or scam.
However my main interest here is solely towards those who have invested in crypto in the past.Most of these persons hate Bitcoin and other Crypto currencies due to the great loss they suffered from dips in alt coins .most of these losses were as a result of improper understanding and experience before attempting massive investments.Of course some early adopters of Bitcoin who sold or lost access to Their coins have also lost faith in the crypto verse.
My question is should altcoins really be blamed for hate some persons have for Bitcoin due to their loss in alt coins?
They should blame themselves not some altcoins or other crypto currencies. They didn't do their "proper" research before investing in altcoins. Most of them that blames bitcoin and other crypto currencies are those that investing in Meme coins or coins that were "hyped". They invested in those pump and dump coins and was actually enjoying the ride. They got greedy, they went all in hoping they can get rich over night. But nope, instead they ended up getting scammed and losing all. And there were others that never knew about the risk/volatility of altcoins, yet they still went all in and "sold" when they shouldn't have. So no, they shouldn't blame the altcoins, but should accept their mistakes. |
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There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?
It is not for the rich. It is for anyone that can afford to trade. As long as you have some money lying around, you can use it to trade. But never risk the money that you will need, because since the crypto market is unpredictable, any wrong move or event might cause you to lose all your money. There are people that does full time trading as their 'main" source of income, but I am sure they always have a backup plan to pay their bills. So trading isn't exclusively for the rich people but for those that are financially stable. |
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I'd like to clarify that this topic is distinguished from businesses or entrepreneurs involved in gambling as businesses, such as casino companies, etc., but with a focus on gamblers. I know there are many people who regard themselves as professionals at playing gambling games, but do you ever think that one can make gambling a full-time job and career because of his or her deep knowledge of the games? Can someone bet with little or no loss because it is one of the most unpredictable games to play?
-snip-
You mean as a "player" and build a career? Professional gambling where your games are hosted and sponsored and stuffs like those? Then sure, why not. It is possible. But you wanting to bet with little risk or no loss at all is not possible. No matter how much you try, you can't beat the casino. Also since you will have "deep knowledge" of casino and gambling, you should already know that in the long run, the casino will win. But, in a broader sense, can you make gambling a career path, abandoning all other sources of income to focus entirely on it?
If so, why?
If not, please advise!
Ask yourself, how are you going to pay your bills? |
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Their are few mistakes we trader make even when we already knows the craft but we still fall victim to, which are;
- Trading against the trend: when trading against a trend their is a higher possibilities of you losing that trade, if you spot an uptrend, you should only be looking for a buy opportunities and if you spot a down trend you should only be looking for a sell opportunities simple, you get more winning trade by doing that.
- Too much monitoring of the chart: before you place any trades use a margin you can afford to lose, so that once you place your trade, you set your exit point, take profit or stop loss you wouldn't be checking your chart steadily, because by doing so, you emotions will come into play if it's a margin you can't afford to lose, try as much as possible to trust your analysis, leave it to play out if you want to make good money from the market if it's going your way.
- Entry point - most skill traders I have encountered struggle on this aspect, your entry point determine your risk to reward ratio and that is what keeps you profitable.
if you can get a good entry point by letting the market come too you, even though you loss 60% of your trades, you will still be profitable because 1-3 risk reward ratio will be the least you will get from such entry.
- Too much emphasis on technical indicators: most indicators mostly shows the past data of what have happened in the market, but wouldn't show you what is coming next, that's why it's very important to look at the price action of the chart, you react only to what the market gives you, not by doing what you think.
if you must succeed in trading you must start learning to react to what the market is playing out.
- Always calculate your loss before profit: when you trade with what you can afford to lose, it is near impossible for your emotions not to be in check.
- Avoid trading consolidation: traders that fall victim to this one are people that takes many trades, trading consolidation is very dangerous because it can go anyway, at such point, the market have no clear direction.
1. It's so easy to talk about "buying and selling trend", but it is really hard to execute. What if you sold during the "selling trend", but later you realize that the price is going up more? You lose your profit and you will be hesitating when buying. The market is unpredictable, don't forget that. 2. I thought traders had to always keep themselves updated with the market and the charts? If emotions are going to affect your trades, then you should work on your emotions. 3. You are telling traders to follow the trend, and then you are saying them not to focus too much on the technical indicators. Aren't those indicators one of the way to know the trend? So this means you are contradicting yourself here. 4. Not sure what you mean to always calculate your loss before calculating your profit. If you are at profit, how can you be at loss? |
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I have a developer who recently stumbled on multiple AI he uses for sport betting predictions, he uses it to generate sport bettings but none of the bets gets to be accurate as it generates tens of games. but when used to generate a much lesser number of games the predictions are sometimes correct, at least 3 in 10 predictions of "multiple" bets.
But he loves having 30+ games "multiple" bet to win big amount and so far it has been a challenge in the last 5-6 weeks as his winnings have drastically dropped.
Should AI be relied on for sport betting predictions?
AI in sports betting is not something new I guess. Sure, it can calculate probabilities and do all those complex statistics way faster than we can, but it's not a tool that can predict the future. The best it can do is tell you who might win based on past data, but it can't predict the future with 100% accuracy. Remember, AI models are trained on historical/past data. They can't account for recent changes like new or improved players, strategies, or even unpredictable events such as change of climate or things like that during a game. So, no, it will help you determine which team has a higher chance of winning, but it won't tell you accurately who is going to win. If AIs were able to do that, sports betting no longer would exists. |
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Has anyone been able to make steady income with gambling ? If yes, what had been your strategy ? Do you diversify to multiple games in order to ensure that end result is always profit ?
I personally feel that there are very less chances of making a steady income with gambling. In fact, if you win a big amount in gambling, from there on , you should play games with less on stake and keep the winnings invested in some good option like crypto. It is important to have self control to end profitably with gambling ventures online. Do you agree with this ?
Your doubts about making a steady income from gambling is correct. While some people/gamblers might get lucky initially, the reality is that gambling isn't a reliable way to earn a steady income. The house always has an edge, and over the long term, this edge means that the odds are against you winning consistently and you will end up losing moeny. Even professional gamblers who might seem to be making a living off gambling are facing huge risks. In fact, they main money they earn isn't from gambling. They get sponsors and stuffs, so they also have a "backup" in case they get wiped. People should be gambling for fun. Not for the money! |
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To believe that you can consistently make money gambling is one of the worst thing you can do. We all know that casinos are designed to have a house edge. it is how they make their profit. This means, over the long run, the house is always more likely to win than the gambler. Sure, some guys do hit big wins or have lucky streaks, but this is more about chance than skill or strategy. Relying on gambling as a steady income source is risky 'cause, in the end, the odds are always against you. Thinking positive won't change the math behind the games.
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any common sense person can see that our banks and all the financial system not well.
and you can't stop fire with more fire.....so some new solution is required.
We have high possibility that the fed and other ones might looking for solution and they might use crypto to bail out.
with NFT -s it's simple you give real physical asset ownership rights to nft owner.
For USD funds, everything goes usdc,usdt,busd...paxos usd and all the others.
Crypto owners might save the world in return they get the assets like real estate.
The banks and the current "financial" system isn't going down anytime soon. The government won't let that happen. Neither can everyone jump into "NFTs" or use crypto currencies as mainstream curreny. You are suggesting people to use USDT, BUSD, USDC and other stable coins. You do know that those coins are also somewhat centralized? The USDT and the USDC that you are talking about are in fact backed by fiat USD currency. So if fiat goes down, so does the stable coins. |
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A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.
Looking forward to the well thought out opinion of the experienced in this regard.
His concern is valid that the whales with loads of Bitcoin can indeed cause the market to go down if they sell off huge amounts. But here's the thing, the crypto market's kinda resilient and used to those kind of thing. Sure, the market might crash, but it tends to bounce back over time. Look at the charts and see how many crashes it has recovered from! There are whales that invests in stock markets, but does that stop your friend from investing there? Your friend might want to dig deeper into how the crypto market works, like its history of ups and downs. It's about playing the long game and not getting spooked by short-term volatility. As long as he is never investing more than he can afford to lose, he should be fine. |
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This is not a dilemma because the answer is obvious. Here is my two cents - Cash out when you hit big and run. Run away and never think of gambling with your money again. Yea it is very tempting to keep playing, hoping for an even bigger win because you feel like you won the money very easily and you can win more, but let's be real – luck always fickle, and the house has the edge in the long run. Remember, gambling's all about fun, but not a reliable way to make money. When you win big, it's a perfect chance to walk away a winner. Use that cash for something solid – maybe treat yourself, save up, or invest it. The key's to know when to call it quits. If gambling's just fun for you and money's no object, sure, play on. But for most of us, it's better to savor that win and not push our luck. After all, casinos aren't built on winners, right?
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