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The market trend is unpredictable but the said price correction seems expected to happen at any time, not wonder.
But we should have nothing to worry about, as long as we are holding tight and focusing on our goal in waiting for the bull season, we have nothing to lose as we never sell any.
Let us embrace and understand what the volatility looks like, it pumps today and it may dump or pump by tomorrow. A reason why we should know how to be patient and how to respond calmly to every market change.
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Don't yab me for saying this, I am a dreamer after all and dreams do come true at times if we want them to.
Even a plan without proper execution will only just turn into nothing. As long as that dream is achievable, that is certainly going to happen provided that we also work hard. But if we just take it easy and wait for the time to come, ohh, we're just dreaming and it never happens. Like if we dream of becoming rich - we can get it if we really have to find a way to make it possible. In fact, there are a lot of ways but if we are too lazy and have doubts about ourselves, it is impossible. It needs dedication and motivation. |
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If this happens, I think this is a game of rich gamblers or to make it short a leaders game. Fake or not, I don't think gamblers care about anything as long as they can place a bet on something they will surely jump-in just like national elections, animal fights and other inhumane gambling activities. All of it are inappropriate and should be penalized by law.
Then from now on, they should know how to take care of their bets otherwise, they are making gambling nonsense. We don't need to wait for the government to take action against these unusual betting behaviors. We have to show respect and become a professional gambler. Because we know that it was not appropriate in the first place but why do we have to continue betting? It was just like fooling ourselves and claiming innocence even though we know about it. |
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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?
I have not experience yet using AI in gambling but with the story that you have shared with us OP, it was very clear to us that it never works as what we wanted to happen. Well, such an experiment will prove that AI has limitations and that humans are still dominating in gambling and other areas. That is why I have no confidence in using this technology, in fact, we can do it personally and enjoy the moment. If it happens that AI is accurate for their predictions, I don't think the gambling platforms will allow it as it could be the reason for their losses and closure. |
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I think whether Bitcoin is in a Bullish or Bearish trend currently hangs in the balance, with market sentiment depending on whether the latest price action represents a healthy correction or a bull run trap. The subsequent price state and ability in the support and resistance range will be very important in determining market sentiment.
so what are we having now? is it a Bearish or Bullish? you have said about the market sentiment so what is the sentiment in these days mate because it is given in the OP that we are being asked so lets share what we believe is the situation and not another similar question(or almost similar). for me we are at Bullish now and yes still going till December this year. Well, he is undecided and neutral about the situation. We can't force him to give judgment about the situation and it was hard, especially for beginners. But for us who have been in the crypto space for several years, we can already differentiate. Yes, the market looks bullish this time as we are finally hitting back about $35k but we're stuck again. Because I thought that after surpassing $30k after a few months of lockup we would surpass $40k as well but that did not happen. However, despite the situation, I still believe that we are turning back high and bullish once again, not this year but next year. |
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No one should gamble because they are looking for ways to to make money and choose gambling. What that will end it is addiction and further loss of money.
The best way gamblers can be disciplined is to only have 5% of monthly income for gambling and it should not surpass that amount. This has been the strategy that has been helping me since long time ago till now.
Yeah you are right because gambling should not be in anyway consider as a way of making money or a source of income because the outcome of it may not be pleasing, so perhaps that's one of the reasons why most people are constantly falling victim of gambling because all there mindset is just the possibility of wining a big money through gambling. Just like you said is actually possible for someone who has that kind of perception on gambling to become an addict because when someone has so much passion on gambling and sees it as an easy way or source of income there is every tendency that the person may likely gamble using everything they have in other to win big. Unfortunately, most gamblers think that gambling is the best option for them to improve their lives. They just imagine that winning the jackpot prize will make them rich instantly and they keep that thinking rather than seeing the negative results. Well, I couldn't deny that this is my view when entering the life of gambling but I realize that all of it is just imagination. It is all about luck, even though some will say that it also needs knowledge and skill, but without luck, that seems impossible to win especially in the lottery. |
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It just popped into my mind that is it making myself vulnerable to bad people?
Perhaps, your thinking was right as you are gaining attention from the public and yes, it makes sense for the bad guys but on the other side, this will also build confidence in the others who are also a Bitcoin holder in your place. It is a sort of spreading information but still, the best option is to remain silent from the people around just to be safe. Because people assume that once you hold Bitcoin, you are already rich --perhaps not all. Therefore, to prevent such a scenario, we don't have to give them any idea who we are and what we are doing. We never know what is in their mind... |
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There are no experience mate  you lose as a beginner to become a stronger trader  so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " trading isn't an easy thing you just put some investment and get profit. successful traders are those who have patience and can control their emotions. it is not like that experience traders will getting profit always, still they lose a lot in trading, without mistakes or losses how as a beginner to become a professional trade that's absolutely correct to me, quitting is not a solution if you wanna real traders. Well, trading is easy to learn but because of the volatile nature of the market, learning the basics is not enough to become successful in this field. So why do only a few traders succeed? It is because they keep learning, they keep enhancing their knowledge and skills, and most of all, they were able to control their emotions. And we also have to remember that trading is not for everyone which means that quitting can be a great option if we never see any improvements on our trading journey and keep losing. |
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I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.
So my question is, is the percentage of the rich gambling lower than the middle and lower class?
I don't because I'm poor. I gamble only when I have money to spare. I have a day job that pays me well so poverty is not my motivation. I do admit I have gambled online to get the transaction fees to withdraw as I prefer withdrawing in fewer digit amounts and lost all in some cases. I might also have gambled to get a fixed amount online to get something done but that should not be considered poverty, I have seen poor people gamble and that's a sure shot way of destroying your life. No poor have gambled to richness. There are lottery stories but the money coming from luck don't last long. Gambling to me sometimes to some persons may be because they feel that they don't have sufficient money or may be they don't have a source of making regular income so hence their getting involved in gambling with the hope that if they win they can be able to use the money and sort out things they needed. Though the rate of the Rich ones that gambles in our society cannot be compared with the poor because most reach people basically plays gamble for fun that's why if they lose a bet they don't feel the impact at all. But when the poor loses a bet most times they feel it so much because they actually needed the money most and in the quest of gambling and losing it can even affect the psychological health of them because their aim of gambling is not met considering the fact that they don't have a steady income yet they lose the little they make out from other menial jobs. For poor people, gambling is one of their options to make money but on the other side, this is also the reason why they become poorer and hard to grow their finances. Because in their mind, gambling is their priority and every time they have money, a huge share is used for gambling, not for the necessities. That is why a lot of poor people have been in gambling hoping for luck, some have got it but the majority have failed and lost more. There is a need for them to realize and must open their minds and think that gambling is just for fun, not a source of income. |
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I'm not sure if this is a piece of good advice for everyone but the only thing I would say is that --invest only the projects that have a history of being profitable. There are a lot of them and it's up to us to decide which of them we would like to invest in and hold. And knowing them more can be done through research and market discovery. The word profitable is not just all about choosing good projects but also, it matters in our investment strategies.
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As for me, I didn't make it the hard way and what I did is that I simply wrote it in the notebook (2 copies) and kept it away from the eyes of the people (friends and family members) in a place where it never looks suspicious or any clue that was important. I made it not complicated because I believe it was enough to guard by seeds phrase, As long as it was kept offline, that was hard for other people to trace it unless if there was someone from our friend, relatives, or any of the family members know and steal it.
And aside from that never put all our crypto in a single wallet but rather help it spread to avoid losing it all in case hacking incidents come.
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Well, 1% is big enough especially for those who only have a small income but for rich people, that was just a penny amount for them. But no matter if it is small or big, at least we are certain of how much we are willing to gamble. At least we have measurements from when I stopped gambling because it is very important in gambling otherwise, we probably use all the money we have.
A responsible gambler knows about their limitations as we can't urge ourselves to gamble like there is no tomorrow. In fact, it is just having fun.
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It helps release stress but could also be a source of stress. Better to approach it with care and see how it affects our thoughts and emotions.
Also going little by little will be better than trying to win big and risking to lose it all.
Stick to the plan.
Another benefit is it can help you to improve decision making and practice discipline
I think most people who indulge in gambling in order to earn an income from it could in the long run, probably add to the stress levels of such individuals. While people who actively don’t play and seek an income whenever they gamble could have less stress due to the activity. A lot of gamblers do play with more money than they can comfortably afford. They tend to ignore that fact as they’re temporary blinded by the amount to be won in the end. Hence counting chickens before they’re hatched. True. It could probably help some people develop some more discipline in other aspects of their life. Indeed, stressful especially if we keep thinking about how to recover our losses and if we are in debt and still can't afford to pay them. A lot of people get into this situation and they won't realize it until they stop gambling and stop chasing their losses. But this gives a lesson to them and also it could help newcomers to understand the situation if they are gambling. And I believe that new gamblers have become aware of what they are trying to do and the consequences they will get. |
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Well, everything seems to be surprising for us as nobody has even been there and see the future of Bitcoin. In fact, even in our life, we're still not sure about, how much more in Bitcoin that can't be predicted.
However, we are all optimistic about it and we believe that more adoption will happen in the future. As long as people still trust Bitcoin and still there is an internet, we can never see it will end as this is the only way it puts an end to, not the government.
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I have always advised people not to take gambling seriously but I myself became heavily addicted to live blackjack from stake.com and kept winning and losing. In this case I will not blame the gambling site because they give live cards. I started the game with just $20 but gradually I got addicted to it and wanted to gamble and win bigger amounts by depositing bigger amounts. I lost $1700 playing this way then I decided to play with a much bigger amount and recover all the losses then quit gambling for this I borrowed 270000 BDT ($2180) from the bank and deposited there. But unfortunately I lost them. Now I am financially so weak that it has become very difficult to meet my family expenses and I owe the bank $2180 which will take me a long time to pay off. Now it will take about 2 years for my financial situation to be normal again. Gambling addiction set back my normal life by 2 years. I am a victim of real experience and I am sharing my real experience with you. Don't make the same mistake I did. And never decide to gamble with a loan. If you do, your situation may be similar to mine. so beware of gambling
I'm glad to hear such a story OP and making all your experience a way to become a responsible gambler who doesn't just think about winning and being greedy but also it gives a reason why we should not fall into addiction because the results are really unacceptable. This is a lesson for newcomers and hope they realize that gambling is not a way to become financially stable or rich, it is indeed just for entertainment. Some make money and I admit that but many also lose a lot and even commit debts due to unmanaged gambling behavior which in the end, compromises their finances badly. |
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I have been into trading for many years but I have never used stop-loss myself because I believe that stop-losses won't help a trader to improve his/her trading abilities. The stop-losses are something that will protect a trader from losing a lot of money in a trade but if a trader doesn't conquer the fear then that's the worst thing I guess.
Some will find it useful while some are not, just like you. But it isn't doesn't matter especially if there is no issue/problem with/without using this strategy because what is important is that we make money and earn a profit in trading in many ways. In fact, not often use this one and I'd never find it necessary if we are active traders. Besides, this strategy never helps us to earn a profit but just helps us not to lose too much and still save some. If we can play the market well and have long trading experience, I believe it is not needed anymore. This just good for newbies, IMO. |
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Yes, maybe it's like that because quite a lot of children become gamblers because their parents invite them to gamble, for example at family events, or these children see how their parents gamble on the computer or other media. So more or less the older generation can cause gambling habits in the younger generation.
And if you want to stop this gambling habit in your family, you can just not gamble in front of them and not discuss various things related to gambling. But this is not completely successful, because the younger generation in your family could gamble due to the influence of their playing environment.
And that is happening by many gamblers because parents serve as a mirror to their children and what they saw to their parents, they also gain interest in knowing it as well. Once there is a gambler in the family, we can also expect that some of the new generation will follow. But there is nothing wrong with that if there is any, as long as it is guided properly, they will never fall into addiction. And as long as the family members have no problem getting involved in gambling, then it was okay and I know many of us gamblers have the same history. |
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This is my take and my opinion on this matter...
As newbies, I suggest not engaging yet in trading but rather choosing to invest. Why? With the level of their market knowledge and familiarity, they are not ready enough to take such a risk and they don't need to force themselves for they will just end up losing their money and regrets. And that bad experience will affect their mindset and then start to doubt the market which then creates uncertainties and negativity.
Why choose to invest and hold -- because this is ideal for them. They can still learn to trade but before that, they also need to learn first how to be patient as this is very important in trading as well. Generally, it is all about preparing themselves for a higher risk and responsibility.
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Too sad that corruption and greed have really poisoned the minds of elected officials and don't let Bitcoin become a reason for not fulfilling their wants. Which is why they implement rules and regulations against Bitcoin. They will say it is for the benefit of the community and to stop scamming but I don't that is how we stop such incidents.
They are smart enough to encounter the adoption of Bitcoin but fortunately, people are still making their way to do it. The more they impose strict rules, the more it grows --perhaps, they are winning unless they totally ban crypto in their country.
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I wanted to withdraw Litecoin from one exchange and the only network available is bep20...
theres no other options...is this the right network to use? I think in the past the network was called litecoin network?
btw is LTC still the best option to use for withdrawals?
The other option is to covert it into available networks that are also supported by other exchanges where you are going to move. Using LTC can be considered as a good option but you can still find other coins like Tron and XRP for cheaper price and almost instant transfer. But still, you need to look at the exchange first if it is available to make sure that you are deposit will arrive. But since Bep20 is only available, then you must convert it first to Bep20 tokens/coins. Well, I could say that you are using a small exchange, and a good idea to move your funds to an exchange that supports a number of networks. Well, I hope you've got the idea already. |
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