I’ve been making bank betting sports for several years, but I have been told that my time in this world is almost up I've gambled on US sports since 2011. There were a few times when I successfully took a bankroll of $20 and turned a 16x profit into $320 for fun. Those days could be gone. Levels of corruption in the officiating, judging and regulation of sporting events have skyrocketed making it difficult to be profitable. Athletes themselves appear to be trending towards becoming more corrupt and compromised. In the past, I would watch sporting events and often be inspired by the level of professionalism and pride athletes took in competing. Sports these days are becoming harder to watch. Standards are on the decline, at least in the united states. Are similar trends being manifest elsewhere in the world? The US does exhibit oppressive regulation as far as sports gambling goes, while the rest of the world adopts far more liberal policies. I concur. Corruption and intential loss of games are most often than not happening already in a few types of sports here and there. Though I'd have to say that sports betting can't be really called gone, well at least not yet I think. Sports are pretty much the passion of and the entire lives of players already and well, Players being corrupted can be solely attributed to personal reasons or at the very least, influence of a bad manager. I like the Idea of OP with the safety net. Having to take your losses and implementing a plan to at the very least recoup your loss should be a basic plan of a gambler. Especially if you're calculating the odds yourself, since everything is basically on your hands. As for making a living with sports betting, I'd hardly doubt it though, I'd rather advise be a sports analyst or sports commentator or something. Could be a lot more useful and your research could be quite entertaining to other people.
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Neither one was surprising to me, to be honest--but both were pretty dramatic.
Yes. The rise and fall didn't really warrant a surprise. The rise was surprising a bit because it rose after just a few hours in contrast to my belief that it would gradually rise though. The last fall happened because of a sudden dump of coins in some exchange that resulted in exceeding the demand needed, and that's why the price adjusted itself normally. On the other hand, the rise could be about the recent news of China or the one about Bakkt, or it couldn't, but the price was way too much and seeing from now, its gradually stabilizing, going back to its average price where the market could fully accept it, for now that is.
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Maraming murang Altcoin lang pero expect mo na either super tagal bago ka mag profit or maybe even never ka mag profit. Walang magandang altcoin na iinvest na mura kasi risky, pero same risk ka rin naman dun sa ibang matataas. As for altcoin season welll... It depends? Masyadong maraming tao ngayon yung nakaattention kila BTC since the halving is pretty much half a year na lang. Mas maganda na mag BTC ka na lang since sure na may profit, since basically the same lang sa altcoin since di naman often na makikita mo na super laki mag taas ng price ang mga alts.
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Interesting. The rebalancing idea got me but there are still a few questions lingering like is the performance done by the automation accurate? Is it possible that it may not be able to rebalance? Like when BTC goes to 40%, where would it get funds to retake it to 50%? From the previous example lets say, it would take it from the LTC one? but then it would make the LTC balance go down right? So doesn't that mean that it would need my funds to maintain the balance? Does that mean that I would leave a certain amount of balance in the automation that would automatically be used whenever the coin is imbalanced? What if a market crash happens in a slow amount of time? could that possibly lead me to a loss instead? Not gonna lie it sounds an interesting idea but I'd rather have beginners study how to trade themselves before using such bots. Imo, such bots are better used by those professional traders since they could think up of many complicated situations that would require more assistance than what a bot can provide.
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Sometimes it's just exhausting to see people saying BTC is dead, BTC will fall to 1k, OMG BTC will fall to zero because of bla bla bla...
It's the same thing every single time BTC drops, and I'm surprised that even people who are here for more than 1 year still believe in this kind of news
Indeed. Its questionable why they are even here in the first place. Its been so long since BTC has existed and people still believe that with its influence it would drop to 1k? even 4k is an underestimation of what BTC could do. The drops happening of late is just a part, not the entirety of it. BTC would bounce back up and most of us have already recognized that the latest drop was a manipulation of the whales or at least close to it. Even the bouncing back up recently was quite unbelievable and I still believe it would go down and stabilize around 8k - 8.5k$.
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Not really surprising. The rise was way too unnatural and the market naturally wouldn't hold that up without any foundation. It seemed kind of heavily manipulated after all and being manipulation as it is, would only result in a temporary uprise and would slowly stabilize until the market could accept it. imo it should stop going down by 8000$ or so. Should be a reasonable margin for the market to accept since the last dump made it go to 7500 and the latest pump made it go to 10k dollars but almost immediately went down after, so yup.
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Well, its a matter of perspective to be honest. Fiat is still quite useful to us now since its a nationally accepted medium of trade in the world. On the other hand, if you look past its usefulness, for now, it is actually riddled with holes. The fact that the government freely reproduce fiat leads to national debt growing ever so much and we don't actually have the capability to pay it off, leading to a huge negative on the debt. There is also the factor of corruption, wherein the end, the government is at hand. Plus, there is also inflation to think about. I honestly thought money was just money in the past but ever since being part of this community, I've seen a lot of how the background of money works and whoa, I was lied to. By quite a lot not gonna lie.
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To be fair, lahat ng scam is nakakasira sa image ng crypto. All types ng loss regarding sa money na napupunta sa crypto is kinasisira niya. And we can't really do anything about it since walang nag cocontroll sa crypto kaya pag dumarami rin yung mga users, dumarami rin yung mga hackers. Its kinda both the negative and positive of crypto at times talaga hahah. Kaya nga concentrated yung mga warnings and tips sa mga users themselves since most of the time, pag nawalan ka pera, it probably is your own fault na lang. Crypto is good, don't get me wrong. Pero yung fact na decentralized siya is what makes it scary sa eyes ng mga non-crypto enthusiasts/users.
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Yea. Pretty much we can relate it to everything we want, to new releases, inconceivable updates by companies, new creation of exchanges and such but movement is strictly still related to.. well.. how it wants to move. We can derive a lot of possibilities but the answer will always remain a mystery. Although we could still assume movement prices to recent events since it could potentially move it, but at the same time theres a risk of it not being able to move the price. In fact Bitcoin strongly tied to the world’s biggest nation, China. it's suddenly rising today because Xi Jinping announced that China wants to dominate the blockchain industry and they want to be the leader in blockchain. This might be the biggest news in the history of blockchain. so the increase of volatility is expected after the dampening of volatility which was happening on the weekly and monthly.
Also there is another reason, Chinese whales usually do their pump and dump around December, in preparation for their Chinese New Year celebrations in January. nothing about bitcoin has changed except a rising hash rate, which equates to strong miner confidence in BTC price growth over the next six months until the halving.
You can't really say that since there's no proof. Even if BTC did increase as china announced its strong support for blockchain development, we could also say that it was due to me taking a coin out of my wallet right? Even if you say there's a difference in reputation, there are also a lot of events that are made by other famous personalities or companies.
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Ngl, I totally believed kay Bakkt na maaffect niya yung BTC not in the short run but rather in the long run. Never expected na after just a few weeks mag popopoff siya bigla ng ganito. Maganda naman siya kung tutuusin, naoverhype lang talaga siya ng mga tao kaya super high ng expectations nung lumabas siya. Although di ko masyadong icocorrelate yung pagsoar ng BTC sa kanya. May part or reason na dahil dito oo, pero alam naman natin yung market, its pretty much unreadable. Meron ding usap usapan na si China ung nagpasoar kay BTC, yung pagrurush ng China sa blockchain tech. All in all, masyadong nag soar si BTC in a few hours, so I expect na mag sstabilize siya around 8.5k or so bago mag move sideways sa chart. I believe na maiinfluence pa siya more ng Bakkt in the near future though.
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In general, well, you could call these so called tools as helpful. An example would be tradebot which you can set aa to which time it buys BTC or time it sells BTC. It is entirely dependent on your way of life or how you invest in determining if these tools are helpful to you. You can depend on these tools, but it's a lot better if you create your own with the same concept that you would like to ensure a 100% accuracy in what you want to happen.
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Well, we can't really be sure about how the price pump suddenly happened. Could be as you said, china's involvement, some said it was Bakkt and some said whales' manipulation of the market. One thing could be sure though, such sudden pump would see a stabilization in the near few days since it seems such pump has no foundation to stand and retain its position. I'd expect it to go back to less than 9k and stabilize its price there.
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There are links of China news regarding this, but how come it became too fast to take effect in cryptocurrency prize. We're not sure yet what's really behind it but this shows how cryptocurrency can be in just an hour when people uses it or if true the news about China then when government accepts and gives credit in cryptos innovation.
I also saw some news regarding the correlation between something happening on China vs USA in crypto which caused the price pump but im more inclined to believe the news about Bakkt when comparing the two. Some threads have been discussing how Bakkt reached a new high in its trading volume which may have indirectly caused the pump.
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We should post a sticky I think in the gambling section explaining gambling in details,I think to explain the risks of gambling more than the benefit of it.Everyone can add content to the sticky as long as is following the strict guidelines of the sticky post creator.There are a lot of resources to build a good sticky post on gambling risks so I will leave this to better post writers than me,I think this idea should help many gamblers here read before they decide to gamble.
I doubt gamblers would recognize such risks or even bother to read them since they believe in themselves that they already know what gambling is. It's kind of like how you know smoking is bad yet you still do it. Kind of a form of stress reliever and enjoyment for themselves. Sadly though, gambling is most often, if not always, seen as something negative which is why gamblers themselves have this same mindset even though they do this themswlvss, causing them to incur addiction to themselves.
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Marami rin kasing nadisappoint sa Bakkt dahil sa walang immediate effect sa market agad agad nung pagkarelease but alam naman natin na long term effect yung pwedeng mangyari sa case ni Bakkt. Medyo nakakatakot pa rin though na paniwalaan yung sudden pump kasi masyadong sudden without any possible clues na magpupump ng ganitong price bigla. To be fair naghohope pa ako na magdrop para makapagstock pa ako ng coins but it turned out otherwise hahah. Hopefully, bakkt could still show the same results sa future para isa rin siya sa makakatulong na makapagpush si BTC sa another ATH
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Oscillators are running high on the 1-hour and 4-hour time frames. So in the short term we're probably in for a pullback off $8,800. I do believe now that $7,300 was the bottom of this correction though.
I'll be more confident in that assessment once we form a higher low on the 4-hour, and after seeing how the next trading range develops. I'd prefer to see bulls hold strong in the $8,000s......that would make for an epic bear trap!
Dripping back below $7,700 would be a very bearish sign. That possibility is still there. There's a major decision point coming soon.
And we're already in the 10k bro. Guess the pullback didn't happen then. I'd expect one though since the pump was seriously way too unnatural with how it jumped to 10k in less than a day from 7300$. Luckily, this shows that the news regarding quantum supremacy were not enough to affect the market and the drop to 7300 was just temporary due to a sudden dump ny a few traders.
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That was really bloody surprising. I expected a pump but in the ends of November or start of december. No one expected a pum from 7500 to 10000 in a matter of hours and I was honestly shocked when a friend told me about it. This may have some shady background about it, not sure about it though. It's way too unexpected for the pump to suddenly happen without anything shady happening about it.
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I was thinking this is a big turn over but basically they just want to create their own currency or something similar by adopting blockchain as soon as possible, and probably they will use the decentralized word in order to save their centralized products.
This is done of course to avoid their citizen from using Bitcoin. Could be a good news while actually a bad news for long-term.
Indeed. They hurry up and chase their benefactors tails while banning them or shunning them from their own countries. China has already started the development of its own cryptocurrency and you can already guess how it would go once it is released since China is a country that is or would be monitored by the government 24/7. Plus, with their own cryptocurrency in the country, I'd believe that the government would start a strict crackdown on BTC users, stopping its growth inside China.
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I don't think so? The fact that BTC crashed shows that the eyes of the market is on it. And besides, the third halving is just around the corner. BTC will only attract more and more attention as the time between now and the halving shortens so I don't really think altcoin has a chance to squeeze itself in. Besides, its not only BTC that decreased in price, iirc, all famous altcoins had some losses in the market.
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Just start trading. Mining has now moved on from its early phase. As what others say, it is now the time where mining is a fight with regards to quantity, AKA how many mining machines you can provide. There's already a lot of miners in the world with most probably a lot better equipment than you. And even if the quality of equipment is the same between you and others, they still have the quantity to make up for it. I'd rather trade now instead tbf, I'd just have to wait and HODL till the right time.
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