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Before we can profit, we will start with the process, and all traders will have a different process than us. If we can enjoy the process while still learning about trading, we can surely make a profit. Following the process will be important because that can help us improve our trading skills, and that can give us the chance to make a profit. But you can't expect to make a profit after you enjoy the process because every trader will have the experience to get losses to make them have another lesson on how to avoid the big losses.
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~snip~
Bitcoin is becoming more mainstream but the scale is still very small. It looks big from our perspective to see a big "name" has adopted bitcoin but in reality it is still pretty small, for instance not that many PayPal users use the option they added even though they reported big volumes and even if they do, it would be a one time experiment. Besides, the PayPal move is mostly for their own benefit and survival in long term not for bitcoin's adoption. Perhaps, that is right. But we know everything bigger will start from smaller so that if we think that not many Paypal users use the option to buy bitcoin in their account, it will become bigger sooner or later. People will see by themselves the benefits of bitcoin for them, so they will try to buy bitcoin, even for just a small amount. But the adoption process for the Paypal users already began, and I am sure that they will need time to see their users will buy bitcoin and use it for their own purposes. But what we will see later will be different in 2017 as right now, many people are trying to figure out what bitcoin is for them and how they can benefit. |
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~snip~
Gamblers always have the freedom to choose whether to divide their funds and to bet with many amounts or to bet one time but with all in. The advantage of the first one is that when they have more time, they can further enjoy gambling. In addition, it also allows them to use different gambling strategies with regards to betting such as martingale or doubling your bets whenever you lose to win back the money you lost. In the case of the second one, it's advantage is that it will lessen your time in gambling so you could be productive in work in return to less time of entertainment. In my case, I always choose both, as I believe that if you are lucky for a day, you will really win regardless of how much time you spent gambling unlike those who don't gamble at all. If that is for enjoying gambling, I guess that we can manage our gambling time, so we don't have to spend too long playing gambling games. Once you play gambling for a long time, you will spend more money, which will give you have more chance to lose the money. If you really care about your money and only want to search for the fun thing in gambling, you can play for some time, and you can stop yourself from placing the next bet. There is always a temptation in gambling, whether you realize it or not, and that temp will become bigger no matter you win or lose. If you said that you could double your bets whenever you lose to win back the money you lost, that would not always work, and you should realize that. It is how we can manage our time in gambling to prevent the addiction that already comes to many gamblers out there. The problem is you don't know when you will get lucky on that day, so that can make you test your chance for playing for more. But that will not guarantee you to win for that day. |
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I don't know what I want at Christmas moment. But I think I will not play gambling at that moment because I want to spend my time with my family for a while. I want to enjoy my time with them because it is hard for us to gather in our home together in one holiday moment. Perhaps, I will play some game with my family, but that is not a gambling game  If I want to get something free from the casino, I think I want to get a free bonus, free plays or rolls, a big deposit bonus, and else At that moment, I think that many casinos will give more bonuses to their members, especially for the new members, because the casino knows that they can use that big event to get more members. |
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All the people who withdraw from a ponzi scheme before it goes bust are winners who likely earned a great return. A successful ponzi scheme needs people to make money so they will attract new peoole
Sure the most people will get burned in such a scheme but if you have insider information and know in advance when to withdraw you could make it work.
For me personally the risks are just to high, I am trying to avoid such systems. Also all potential winnings could be declared illegal and you would have to repay them.
I am sure people who can withdraw from a Ponzi scheme are the luckiest people because it is not easy to join in a Ponzi scheme. That website is not online for a long time, but most of that site only online for less than one month, so people who can join in the beginning the site online will have that luck. I think that is a big gamble, and usually, people who have experience from that site will check how long the site is already running, and if the site online for less than 3 days, they will try to join, but not with big money. We need to avoid such systems because the chance to make a profit will not be too big. We can search for another method to profit, and I am sure that we can get it. |
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Good to see bitcoin price can back to the high price like what we saw three years ago I don't know if people can recover their losses or not with this bitcoin's uptrend, but I think they already sold their bitcoin at the highest price yesterday. Although bitcoin gets a downtrend, and the price is still below $19k again, the price now seems to increase again, and hopefully, the price will be back to $19k soon. Perhaps, we will see it happen at the weekend or next week, and who knows that we will see $20k before this month will end. We already reached the new ATH price yesterday, and I am sure that bitcoin will make another ATH soon. You should be ready to sell your bitcoin next ATH so that you can make a big profit again. |
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If I have many bitcoin in my wallet, I will not sell for a big amount in all exchanges, whether CEX or DEX, because that will make the alarm sound. Perhaps, I will sell some bitcoin and send it to my bank account, and I always try to avoid the alarm that can make the exchange and the bank suspicious. But I will repeat to sell the bitcoin in the other days because if I do it at once and with a big amount of money, that will not be good for me.
You can sell your bitcoin in the CEX or DEX or even to sellers around your city, but I suggest you not to sell it at a big amount of bitcoin because that will make many sides will aware, and perhaps, they will check your account. We need to play safe if it's related to big money, even if we legally earn that money. But that is up to you, and I hope you know what is best for you, and don't forget to think twice before you want to withdraw your bitcoin.
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~snip~
Bitcoin is already mainstream right now. Paypal is very mainstream. It could be used to represent the mainstream financial society and Paypal is now supporting Bitcoin. It may not be in the best way possible and preferable for many of us Bitcoin supporters but it is still a support by perhaps the largest payment system in the world right now. So Bitcoin is very much in the mainstream right now. It is sad though that you see Bitcoin becoming mainstream just because people are looking for a new source of income. I don't share with this view. This is true but it is not the majority. I think many Bitcoin supporters are still believing and buying Bitcoin because Bitcoin is the future of money and not a source of money. I admitted that bitcoin become mainstream now, but it needs more adoption in many places to make bitcoin grow. Even if Paypal allows its users to buy bitcoin directly from their account, we still need to spread the news about bitcoin in many places, so more people will know and use bitcoin. I don't mind if you disagree if I said that bitcoin is becoming mainstream because of the new opportunity to have a new income source, but that is what happens right now. But let us consider bitcoin the same as fiat, which can be the future of money, as you said, and bitcoin is also a source of money that people can get. |
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Somehow, I think that is great for bitcoin. At least, it really helps the adoption in the gambling industry, and that makes bitcoin to be known among the people. I think we will see more casinos will do the same thing, and if more casinos will do that, and they buy a big amount of bitcoin, that could help the price move. It is just an example of what happened in the gambling industry, and I guess that in other businesses, when the company follows to use bitcoin, that will make bitcoin more popular. No matter what, the casino will still get a profit because not many gamblers can win from their games. Even if the casino buys bitcoin in a lot of money, that will still profit because the casino can sell bitcoin again to fiat.
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~snip~
Lottery is completely based on luck, but with casinos it is a part. We can't say gambling sites doesn't allow us to take money from them. Soon the gambling house will try to get it back from us. This is not the reality, reason for every loss is the gambler himself. They don't have the limitations and always greed of making more. This makes them go even after winning out of luck. We can win on the lottery games, but the chance will not too big because the casino will win most time. Perhaps we can win for some money, but we can win the jackpot if we have big luck. If we still play the lottery or other gambling games after we win, we can lose that win money and our initial money. It is natural if a gambler has greed after they win because it wants more than what we already got. ~snip~
Well, without that kind of business plan, casinos wouldn't really profit or even become a stable business so it's actually understandable. Not to mention that lottery is an easy way for people to actually change their lives, plus as you said the tickets are cheap, so casinos would only need to calculate the minimum amount and set a cash prize that would still net them quite a hefty profit. And besides, it's almost a natural idea that casinos would always win, no matter what. Indeed. The casino will have their plan to get their profit, and no matter how hard we tried, the casino will win big. People like to play the lottery, especially in real-life, because they can buy many tickets with very little money. They hope that they can be one of the winners who can win the prizes. That is happening in the casino, which has a lottery game. In any gambling game, the casino will take the win, and of course, they will have much money from the losing gambler. |
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~snip~
The very bad consequence once you mistakenly handle this activity, for some addicted gmablers they'll be able to sell out their things to the point that they will rob something that have value to sell and use the money to play back and try to win inside the gambling house. Other will lend money as the desire to recover is very intense. The act that this boy did is a shortcut to forget the wrong doings that he commit, those amount of money that he loses around the gambling house, for him he can no longer bring it back depressions and regrets push him to commit suicide. I already see people sell out their stuff to other people, but they don't use that money to buy their daily needs, but it's for playing gambling. See that? They easily sell their stuff such as neckless, rings, and other jewel just to play gambling. Yes, some bad people who gamble rob other people to get their money, and they can kill their victims if they want. We might see that case in the news, and many people become their victims. That boy already loses everything, even his family also lost him, and nothing can do to get him back. Everything ends for that boy, and there is an important lesson for all people who read that news, especially for younger people, not playing gambling more than you can afford. |
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The difference is that we are older now, got more experience, more lessons learned from the past, more mature so to speak, etc. The market now is much wider. The players are bigger in number as compared in 2017. The number of big time investors are now much higher today compared in the past. That is probably the fruits of Bitcoin now playing in the mainstream field, now openly accepted even by governments and banks. Famous traditional investors and hedge fund managers are now beginning to appreciate Bitcoin and invest in it. Large companies are now getting into Bitcoin as well.
I guess that is because the adoption process happens in many places, which will be different from 2017. Bitcoin price will not be the same from time to time, and if there are more investors come to the bitcoin, that can trigger the price to increase because they want to buy bitcoin at the current price. Bitcoin will become mainstream sooner or later, while people are still searching for a new source of income, making bitcoin more popular among the people. Besides that, people will see that bitcoin is not a scam because, from bitcoin, they see many people are really making money, which they also want to get. |
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No doubt for Binance because I don't have any problem with that exchange. I don't have a problem too with Poloniex and Kraken, but I don't use that both exchanges to trade too often because I don't have many coins list on that both exchanges. But I disagree if Poloniex and Kraken go down, the other exchanges will follow to go down because every exchange will have the same problem, and once the price is down at one exchange, the other exchange will follow. But it doesn't mean Poloniex and Kraken are the sign to see what will happen to the crypto market. We have a different exchange that we used to trade, and I am sure that it will be related to the comfortable feeling to trade on that exchange.
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Maybe my advice is just play whenever you have the money to spare, in that sense you will be able to just enjoy the game. I win more whenever I enjoy the game, I don't know but maybe I am more relaxed so I can think clearly. If you would just allot a certain amount of money every single time you play, then losing it would no be as painful compared to when you lose a money meant for something else.
That is the way for us to enjoy the game while we spend money on the gambling game. Perhaps, think clearly can help you to win that game, so that makes you win more. You can enjoy playing the game while you can get also win the game. When we can have fun and enjoy gambling games, we will not think about the result, which makes luck come to us. But it is difficult to say that we can win more in gambling because gambling will depend on luck that we never know when it comes to us. |
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Not a new story, but still an alarming scenario. This kid is typically gambling for his life (that's what he had in his mindset) . This is one of the example of extreme gambling addiction. Even if he win and paid that borrowed money, he'd still go back to gambling and will continuously lossing money and still end up killing himself.
The only way to stop that kid from killing himself, is to actually stop him from gambling.
Really really sad news and waste of precious life.
This kind of stories are always sad because there is so much wasted potential, this kid could have become anything that he wanted but he made a series of mistakes that took him through a path which he believed it was impossible to escape, and the truth is that he could have escaped if he just admitted that he was addicted to gambling and that he needed help, but it seems that he was too proud for that and instead he decided to take a path from which there is no return. Unfortunately, there are no people who can help him because he decides to do a shortcut to end his life. If he can tell his problem to his family, at least to his friends, he will have a chance to solve his problem because his family or friend will help to find the way. The mistake is borrowing money, which he uses for playing gambling. But then, he can't stop gambling and still continue playing until losing the money. I guess he is desperate about how to repay the money because perhaps, he loses all of the borrowing money. |
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Exactly the point. Casinos knows what they do. If a gambler discovers a strategy, it will only work for a short period. It stops working once the casino discover that there is a strategy that is being used to collect money from then. Next thing they do is to change the way the game is programmed and it will only favour the first set of gamblers that discovers the strategy.
Yes, I already know this thing and casinos won't let this thing happen, they don't want someone to make the best strategy that will let someone bags all the money, so they will change the odds, the tricks and algorithm for them to win over the gambler. And luck is true in gambling, I believe in it and sometimes me myself is winning a game because of luck only, I didn't expect anything but luck. I love lottery because odds are big and difficult, so the only thing I have is pure luck. That is what happens in the casino. The casino will not let you win, and if you can win, that is because of your luck, and the casino can't do anything. But they will make sure to get their money again, which is easy for them because they own the games. The lottery is one of the gambling games based on luck. Many people like to test their luck, so that makes them play more and more. Related to the lottery, people can buy a lot of tickets because each ticket's price will not be too expensive. People are willing to use some money to buy that ticket hoping that one of the tickets will be out as the winner. |
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Maybe I was wrong thinking that we can't touch at $20k this year but seeing on the current price and market trend, it was close enough to possibility. I can't simply imagine how it grows like that after being stuck in the $16k range.
We are surpassing $18,500, $1,500 more to catch, and finally at its ATH again. People are surely excited to see it back but then, we should also prepare for the possible dumps if whales tried to play the market again just like they did before. Thus, those who come investing by now must have to think of the higher risk and must be in strong faith otherwise, they'll also be the cause of dumps as panic selling will start.
No, you are not wrong. We will see the bitcoin price touch $20k, no matter if that will happen in this year or next year, because the chance for the bitcoin price to increase is wide open. But we need to be patient for a while until the price can start another rally, and if that happens, the price will break $19k, and finally, the price will break $20k. The price we dreamed of from a long time ago is almost coming to us, but it will not happen quickly. We are already surpassing $18,400 before, and I believe that the price will break by $18,500, and it will make a new ATH when the price can surpassing $20k. Yes, we need to be careful of the dumps that can happen anytime, but that will be our opportunity to buy more bitcoin at a low price. |
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Welcome to this forum, and enjoy your stay. You can read many good posts and answer from members to add more knowledge about bitcoin, and you can try to make money from one of the ways that many members suggest. It is never-ending learning about crypto, and you will have the opportunity to make money this way. I am sure if you can learn from one of many ways, you can make money as other people did so that you can have a source of income for you. If you do not yet buy bitcoin, you can start to buy bitcoin and hold it because bitcoin will increase in the future. I am sure you don't want to miss the chance to make a profit from bitcoin.
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Gambling for me is just an activity to pass the time, most of the games that I play like poker and Chinese poker is played with my friends, there is no big bets but enough to keep the game and at the same time the fun running, I do sometimes participate in online gambling but it has been a long time since I had played. Most of the wins with friends are used to buy food when we are hanging out and the original amount is kept while online gambling wins are used in variety, one time I used my wins to donate to a charity and many other things, you can see why I do not play online that much, the money that I get does not come back to my pockets.
I'd love to see people betting with gambling with just enough amount of money, because the fun and relaxing time is there. Unlike those individuals with huge money expectations, their desires became more habitual everytime they'll tend to loss all the money they had without even thinking about possible outcomes. Online gambling can be managed, but without having self control? I think you'll be the slave of it. What you are saying is right. Without self-control, he will no longer need a long time to lose all of the money because he will try to bet with a big-money if he loses before. He thinks that using more money to bet can give him more chances to win, but he is wrong. The more money he uses to bet will give him a chance to lose that money in a short time because gambling will not give him a big opportunity to win. Gambling will also not allow him to recover his losses. We need to realize the fact that gambling is only for fun and kills free time without having the intention to make money from gambling. |
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That is actually what I ever experienced, losing more, and gaining less in gambling. That is why I quit gambling. Because until now, I am still confused about how to be in the gambling well. I tried to learn about the strategy of betting and the game that I participated in. But I fact, I still lost more. I feel so dumb You don't have to confuse about that because gambling is for making money, and if you try hard, you will not get better results. I suggest you play gambling without thinking about win and lose. Just try to enjoy the game and spend your time but remember to limit your time to make you spend more money. Gambling will need the luck to win, and even if you use so many strategies and don't have luck, I am afraid that you will not win the games. As long as you don't spend too much money and limit your time, you will not lose too much money. That can prevent you become addicted to gambling in the long term. |
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