On reading the OP, I am reminded of The gamblers fallacy as something similar to this in a broader perspective.
The gambler thinks that they are going to win on the next game but that next game never happens to be a win. Possibility of a win is there mathematically but in reality it is just luck when you are playing against the odds that is an EV- game.
Hence I think every gambler should think logically which many of them cant do anymore and limit the amount of bankroll being spent.
Sometimes we believe what we think will happen since that's what we wish and aim for. I also sometimes believe that what we say and think will going to happen so whenever I watch game before I keep on telling and speaking the TEAM I bet with to win, but sometimes luck is not really on us that we lose. It will be on the matter of how we see our win or lose and controls ourselves over those winnings or losing we experienced. Perhaps, you will see your team win in the next rounds, but not at that match. Luck will not always come to us, even if we keep thinking about what we want. But the luck will come again in the future at the right time, so you can expect to get your luck again. Yes, controlling ourselves will be the important thing that we should have in gambling games. We can't hope that our mind will succeed to objectify what we think. It will depend on the luck factor that will help that thing to happen. If it's related to gambling games, we always want to see we can win, but it will not always happen. |
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Actually, this is the first time I saw investment into a gambling platform for me its looks like trading but also is there any kind of chance how the process will go for it? because right now I'm very curious how it works, I hope OP will help me and other members too or someone help me where do I go start?. ~snip~
When I try to check the history or the weekly report its looks like trading too, I have some knowledge in trading but not too much so why not I can apply here, I will watch the thread if someone could help me. Gambling investment is not the same as trading. I tried to invest in Yolodice, but I don't expect much about making money on the gambling investment. I let it run like that, and if the profit comes, I will close it and wait for a while to place the other investment. I suggest you continue trading and don't try with gambling investment because you will see the profit and the loss will always change from time to time. If you are no problem with that, you can place an investment, but don't use too big money. I start with no more than 0.002btc because that is the money that I am willing to lose in gambling investment. |
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So when you are placing bets, does this difference between the odds of the favorite and other outcomes matter to you?
This always matter to me, it helps me who has better chance to win and most of them are correct. Though betting on lower odds gives only a small profit, it is not a risky thing to do. Placing bets on higher odds will double or triple, or even more your profit but the risk of losing is very high. Sometimes I bet on both sides if the odds of the other team is too big. No problem if the profit is small since we don't chase bigger winning. But it will be different if we want to make a bigger winning. But of course, as you say, the risk will of losing will be very high. Perhaps, if someone can accept the bigger risk, he will try to place bets on higher odds, especially if he has valid data on both teams that will match, and he knows which team can be the winner. Usually, that person will place a big bet on that team because he wants to win. |
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But in gambling investment, there's a guaranteed profit in the long run  I am not sure that he can profit in the long run unless he knows when he should close the investment. Otherwise, he will see that his profit will go up and down based on casino situations. It is like trading, but it will be riskier because you lose your money when you lose in the gambling investment. But if you trade, even if you lose, as long as you can hold the potential coins, the price will be back to the high price, and if you can sell at that high price, you will make a bigger profit. |
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Gambling proves to be pure luck we often take it to the gamblers based on our own knowledge and experience i haven't thoroughly analyzed gambling sites before gambling and no site participates by verifying its reliability. It is possible to reduce the risk through research even if it depends on luck many gamblers are at a disadvantage if they participate without verifying anything gambling becomes much easier when you find the right site.
Without having luck, it is not possible to win the game. Before he loses his money, which he can't accept, it is better to realize that the gambling site can take all of his money, no matter if that site is provably fair or not. We know that the gambling site can do that, but I don't think that the reputable gambling site will cheat their members because that can ruin their members' reputations. So the gambling site will manage their reputations to be trusted by their members. |
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Hey guys,
I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:
Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.
From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.
This is a strategy that has never been overestimated. It's too rudimentary and has no security for your portfolio. Try for example applying your strategy to the Sushiswap token, otherwise luckily you buy at $ 7 and now its price has dropped to $ 2.28. So your assets have been divided 3 times and your capital is still buried for 3 months up to the present time. Obviously this is a very bad strategy because without a stop loss the market can be very volatile and we will never be sure where its price will be tomorrow. So before a good trade, risk management is very important, spend more time learning it bro  Using stop loss will be better to anticipate the drops of the price that can happen at any time. But that will need more lessons to learn when we should use the stop loss, so we don't get too big a trading loss. We can't predict what will happen to the coins, whether it will bounce up or go down after we bought. But if the price is down and the down is more than the price you bought, perhaps, you need to prepare to use that stop loss to anticipate another drop. Yes, I agree that risk management will be necessary at that time to anticipate the drops. Besides that, you need to know how much money you can use to buy the coins to see what you need to do if the price is down. |
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~snip~
People had a chance to unload their XRP for 0.78 dollars per coin which was a good rate if you ask me, it is because of this that I am not a big believer in goals, I prefer the market to tell me when to unload my coins, that way you are not going to sell too soon or too late and you will not be dominated by your greed when the time to sell comes, it seems the OP made great profits out of his investment and he should be glad since XRP has not been the best investment during the last years but it seems he entered at the perfect moment and now he is getting his rightful profits for this correct call. Selling XRP at $0.78 is good for them, but they also have another option to wait and still to buy XRP at the current price. If they want to sell at above $1, they need to be patient and waiting for the price to start the rally. It could be right if the @OP know when he needs to sell his XRP because the price now is still at a low price. And if he bought XRP at the lowest price, yes, he is making a big profit from the price now, but that will depend on how many XRP he has. We need to calculate how much percentage we want to profit, so we can directly sell it when the price reaches the price we want. |
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Having a cool feature doesn't mean that the exchange can be one of the good exchanges because as a new exchange ( I never heard of that exchange, sorry), that exchange needs to prove if the site is really good and worth to trade on that site. Every exchange will have different features, but we already see that Binance is one of the best exchanges, and I think it is hard to compare the exchange with the others. Perhaps, the exchange needs to build reputations among the other exchanges to help the exchange grow their business and get many members that will trade on their exchange.
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Well you can always gor for gambling casinos where they have an exchange function capable of you exchanging your BTC to another altcoin that has lower transaction fee and then later on just converting it back to BTC. I know some gambling sites have this made becahse of the high withdrawal fees but actually some crypto gambling sites just removed it entirely because some people are abusing it and literally using it just to trade crypto.
Basically that their method of earning a passive income and if we're thinking they are abusing it, I guess we can't control them because that's their ways of managing funds to avoid being drowned financially. Btc transaction fees literally spikes due to rising value, so it's expected to happen, of course if you're earning good then everything always matters on other certain consideration. But not many people can have earnings good from gambling. They think that if they can win the game, the money will be worth it for them, so they want to reduce the fee by converting bitcoin to altcoin, which can help them pay a low fee. It is normal if they always do that while the bitcoin fee transaction is too high for them, but they will back to bitcoin withdrawal once the fees can be low. If they can convert their bitcoin to altcoin, that can bring them another benefit because the altcoin can also rise higher. When they can hold the altcoin for a while and not too rush to sell at once, they can sell it at a high price. That can give them more money. |
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There are hardly any people who don't care if they lost a lot of money or not while they can enjoy the game.
I sometimes play in ordinary casinos for fun, I have a certain amount of money that I can afford to lose. However I always regret losing, especially if it happens very quickly.
It is true. When people can enjoy the game, they will play longer than usual and longer than other people. They will not think about how they lose more money than before because they only want to enjoy and have fun inside the games. I don't play on the physical casino, but I play on the online casino because I can visit many gambling sites from my home. Besides that, I am not feel good if I am in a crowd, and I think it is too noisy. Regretting losing is normal, and that is happening to many people who lose their money in gambling. But we can not always get our money back because we need luck to get it back. |
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~snip~
Winnings of huge jackpots completely depends on luck. This kind of story with winning huge amounts of money is the best way to encourage other players to try their luck in the casino. The drawing of the jackpots was invented by a very smart man. I think that those who won large sums of money should hide first of all from relatives than from bandits). Many gamblers are trying to follow that luckiest gambler by playing more and more, but they forgot that the luckiest gambler has big luck, which can help him win huge jackpots. Not many gamblers can win that huge jackpot without having luck. A gambler who is still playing gambling because of that story should have control over himself because if he didn't manage his control, he would lose his money at any minute. The passion for winning the jackpots will become bigger, especially if he can win more than 4 times. If his control is strong, he will know that his luck will never stay with him and help him get another win. He will stop playing gambling instead of continuing playing gambling. |
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It will be no problem if bitcoin can't pass the $20k price at the end of this year because bitcoin has more chances to pass on that price in the next years. Even if somehow, the bitcoin price can not pass the $20k in the next years, it will happen in the future. Bitcoin has more time to pass $20k and hit the next new ATH, and I think many people want to wait for that because they believe that in the end, bitcoin price will get the new ATH. That will be the same as ethereum, and if ethereum didn't hit $1k this year, it would not be a problem. I am sure that people will have their target price and they can wait for more.
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We'll see it later. I guess litecoin has a chance to rise higher. Litecoin will be behind bitcoin, and I think the price can hit the next ATH like the other altcoin. If that really happens in January or February, I will be glad to wait for that time because I want to sell litecoin again at the new ATH. The crypto market is still searching for the right time to increase, and it could happen in the next year. So the next altcoin season will come to us, and we will make a big profit again. Litecoin now still has a low price, and I think that attracts many people to invest in litecoin too besides bitcoin, so it could be better if you can analyze more if litecoin can be the next potential coin can increase later.
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~snip~
It is in a way difficult to predict but not that much, if you look at the price from 3 years ago, they share the same valley pattern that could be an indicator on where you want to sell you bitcoin at some point, that is just my theory so it is baseless, the last ATH is at mid-December so we can expect that at around that time maybe the new ATH will happen. I guess you are right. We cannot predict the bitcoin price that can be achieved in the future, even if we already have halving before. The pattern will not be the same as before, and the price will make a new pattern. If you say that the last ATH is in mid-December, we are almost there, so we will see what will happen to bitcoin on that date. We hope that the price can start the rally to the new highest price, although the new ATH will not happen this year. But we still have time to make more profit in bitcoin before the price starts another rally. |
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No I don't know this kind of lottery I only know a game called ending which you would predict the last digit of the scores on BasketBall.
But in this type of games there isn't any strategy or tricks that we could use yo maximize the profit or minimise the risk because they are randomly picked.
This kind of lottery is easy to pick the pattern and we never expect the profit on these kind of lotteries. Many games are randomly click on anyone so 100% luck is the pure gambling for all the hunters. May be if we monitor the lottery ticket betting we predict some perfect token. I hope this is the minimize risk and not a maximize profit. We could just expect that one of our lotteries can come out as the winner. If that happens, we are making money if the prize is money. And sometimes, we can hit the jackpot, but that will need big luck to get it because the casino will not allow the gamblers to hit it easily. Playing lotteries is fun, but we need to control ourselves because of the cheap price for one ticket, making us spend a lot of money because we hope that we can be the winner. Sometimes playing lotteries too long can cause us to become addicted to gambling. |
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Not their lucky day for sure, almost winning the game and yet they failed to do so well this is gambling and that’s a sports where everything can happen so don’t over confident. If you think this one is a trick then you don’t understand much the gambling. Know when to take profit on gambling and in sports, just keep consistent.
Almost winning, but suddenly, everything changed, and we lose what we win before because of just one button or one action. Perhaps, we blame that button that can't help us in the last rounds, but that is what happens in the gambling games. We can't expect to win the most because gambling can change the direction, and we can lose in just one single button. Overconfidence can be one of many things that we have when we are playing gambling. That makes us forget that we don't have to chase the next win, but we must stop gambling, no matter what it is. Besides overconfidence, greedy can be the next thing that makes us chase the winning. |
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~snip~
To win several tens of millions of dollars, you don't always need to be a professional gambler. Sometimes it's enough for you to get very lucky once. You can read about the history of winning the jackpot by Cynthia Jay at the Palace Station casino. If you search the Internet for information about such winnings, you will find many similar jackpot wins. I guess some of us already got that luck. Yes, we only need to have the luck to win. Sometimes, you play gambling without thinking about win or lose. But suddenly, your luck comes beside you, and boom, you see you are the new winner, and you win a lot of money from gambling. I am sure at that time, you will not believe it, and it is real. I am sure that much other news about such winnings, especially for some people who win a big jackpot. But some people who win that such big money prefer to hide from the public because that can be risky if a bad guy knows that they win a lot of money from gambling. |
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Bitcoin price is hard to predict where it will go. We could only prepare for anything that could happen to bitcoin. Even if the next thing that can happen to bitcoin is a dump, we don't have to panic to know what we will need to do. The price now still at $19k, and we are on the weekend, so we will see what will happen to bitcoin in the next week. If the next week, the bitcoin price does not increase, perhaps, the price will just stay at a price now, and it will down for a while, and back to the current price. But bitcoin still has a chance to make the new ATH soon, so we need to wait for a while.
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I don't predict how the higher the bitcoin price will increase for the next long term, and I tend to follow the price goes. I let it flow and enjoy the movements while still trying to buy low and sell high because I want to earn more bitcoin. I don't know if the bitcoin price can go to more than $100k-$400k in the future, but it possible to happen. We don't know and don't have the right info about that, and we will see many predictions about bitcoin price. The important thing now is we can get as many bitcoin as we can, so when the price really hit more than $100k, we can make a lot of money from bitcoin.
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Bitcoin is not just the next gem, but bitcoin is a hidden gem that still not all people know. It's like a treasure that many people don't want to involve in the bitcoin world because they have too many reasons not to join in the bitcoin world. Perhaps, they don't realize bitcoin's advantage, so they don't want to join us. If people know how to take the bitcoin benefits, they will try to search for that to earn money. And with the situations now, people try to use the digital transaction, which can allow bitcoin to be the next payment system. But unfortunately, there are still people who call bitcoin a scam way to steal people's money.
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