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I couldn't totally remember the price but that was around $$8k - $10k. Though I knew Bitcoin earlier but due to the lack of interest and knowledge in trading, that makes me think about not doing it. But I never felt any regret because I'd see it was too difficult if you were not prepared well and just think that if I started earlier, I could imagine that I surely lose a lot of money.
There is no perfect time to start trading but what is important is that we are fully ready --capital, knowledge, and skills.
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I have often wondered about the people who have lost a lot in gambling and who almost loose in every gambling activity they participate. What is their reason or motivation to continue even after so many losses?
I do usually lost in gambling while my friends continually hit big I guess they are among the reason I still continue gambling but my current resolve is small stakes big odds. I don't really care how many times I lose but the day I finally hit it I'm gonna get it big. I don't see this unhealthy to me since I'm not addicted to gambling In your case, you are not just aiming to hit the jackpot but you are also chasing your losses. Let us say that because of your friends, you still continue gambling despite the fact that you are continuously losing as well. Honestly, it was not a healthy decision at all because there is something wrong with you, not only looking for luck but probably with your strategy. Better choose to leave and accept that gambling doesn't suit you or choose to gamble where you can see you have a chance like in sports betting. |
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Get rich quick schemes are always attributed to as ponzi, and that is very far from what Bitcoin is. Unfortunately, the get rich quick mentality is cause by those people who sell the wrong idea of Bitcoin. Recently, I was in a gathering and someone mentioned Bitcoin, and another claimed that Bitcoin did him dirty. He sounded like someone who bought with a lot of money but hodl-ed for short. I’m guessing someone told him he could make money quickly from Bitcoin and he rushed to invest with the mentality that he may buy a house overnight.
With the lack of education about crypto investment, anyone can fall into such thinking and promises --easy money or quick rich scheme. But for now, it is not an easy win for scammers because most people are already aware of it, and with their experience in the past it thoughts them something on how to choose the right investment and which one they will trust. Before, many people made wrong assumptions about Bitcoin but it eventually changed as it went by and investors became more resourceful than leaving being innocent. |
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For the people who want to engage in investment regarding the crypto knowing with this TA is a must because this serves as a guide to them with their investment execution for their entry and exit to their investment,. I highly recommend at least using the basics of support and resistance even pro I guess seems to keep doing this because this strategy gives you a hint for another pump, continuous dump or even just a sideways of the market. Aside from it, ideal to use of the technical indicators like MACD this is not the only one but the most basic one and beginner friendly too. Always set a plan, stick to it if doesn't work change, find the mistake and learn from those.
Perhaps, TA and FA are huge contributing tools that help us achieve success. Therefore, it was necessary to know them but of course, it was not just knowing how it works but also, how to apply it in real life. Honestly, many traders lack of application than knowledge and one reason is that they are uncertain, they're not sure of their actions, and they are not confident enough with themselves. It doesn't make sense anyway if we never know how to deal with the market using these two things Technical and Fundamental Analysis, still end up losing. |
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the simple answer is no 35K is still early on bitcoin price the last time All time High was at 60K and if the cycle continue we might see another ath and probably beyond 60K maybe 100K hahah. So buying at 35K is low but if you have doubt and you are profit right now dont buy  Just like those days were the price of Bitcoin was $1, $10, $1k --people haven't the courage to buy this because it was expensive in a project that was not known for its potential and use case until the time came that it pumps high and make hype. People started to buy them and accumulate more thinking that there were more pumps coming. Well, investing is not been forced on anyone --those who think buying Bitcoin at $35k is quite expensive, I think they don't have room in crypto investment. |
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and as I explained time and time again this can’t be done every day for ever but it can easily be done for one week of every 13.
It will back off by monday or tuesday.
then fire up again.
I guess I have to wait for that time because my withdrawal transactions are stuck already as I can't afford to increase fees with the current amount. The surge in fees is almost 1 month already and if the situation never changes, we never have other options and take, I believe that some people will sacrifice including me but on the other side, also teaches me to hold as well. Paying $1-$2 is fair enough but paying $3 and above is quite not acceptable for many. |
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It's a good idea and my thinking is quite similar to yours. If I need to do something important and if there is a possibility that I might forget it, then I write it big on a site on my mobile screen or on a site display on my monitor screen so that I don't forget that task. This strategy can be a good move for a new gambler to not gamble with extra money but I think it is a better strategy if the gambler is aware enough. No matter which way a person earns money, it is not easy at all. I have seen many gamblers who lose the amount of money they earn in a month by just one gamble, it is a huge loss. If we are afraid of a gamble then it is better not to gamble, rather we should gamble with a smaller amount of money where our chances are higher. Even if you make a mistake by gambling with a small amount of money in the first instance, there will be no chance of a big loss.
That was too realistic because many people even just a small amount and with only minimum wages still use their money to gamble thinking they could be lucky and win the jackpot prize. But gambling is not just for rich people, everyone is welcome and it's up to us how to manage ourselves. The only thing we can do is to help them become responsible enough because yes, it was really hard to make money but just lost in one day or even just an hour in gambling. It doesn't matter for rich people but the main concern here is for those who have limited sources of income. |
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I was really unlucky in the lottery, not even hitting 4 numbers out of 6. I could just dream about it at least hitting almost is a big factor to say that we are not unlucky for this and maybe the time has come to hit the jackpot. But for me, I was hopeless then, it looked like winning the jackpot prize was quite hard and I had to say to myself that if I continued doing this I could surely lose more. I've been in sports betting and this a great place for me as I was a fan of sports.
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Usually, newcomers get in trouble for trusting someone. With their scope of experience in the crypto market, they will though that these people who proclaim themselves as expert are true because most of these scammers used known sites and names that really a newbie got caught their attention. This will emphasize how important for us newcomers to spend more on searching the site and not fall easily into someone who offers good services which is too good to be true as it usually turns into a scam.
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I did this sometimes and it also works sometimes as well but more often it never works. Why? Luck doesn't stay long with us, maybe the time we arrive and see that person win will be the last time of their luck and miss following him earlier, while making the next bet is a losing bet. Or we are too unlucky that change his winning momentum?
As I gamble, I don't make it in a rushing situation, I'd just observe first.
Though we can gain some ideas from other gamblers, it doesn't mean that we have to follow them either instead, we make our own discovery. Yes, luck has never been shared with others, so be it.
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I have developed my best way to know wich coin will be best short.
I checked on binance and i did find that DOGE coin will fall sooner then others.
How do i know that ? By my new trading formule. When coin price is higher then overbought level. Then i measure the exacly how much is higher and then i see i was going all over binance now and i see the doge are overbought and the price of doge are also higher then level above overbought.
Off course i have long experince on trading and a lot sleepless nights and mistakes and a lot losses until i discovered the best method.
My time and efforts are not for Free so i have my own private team who follow me to make money with my short signals and honestly all trades are in profit maybe 1 loss out of 10 trades and we do only short trades by using my new indicator " when price is higher then overbought level " i have special ways to measure this.
With this secret formule i can find best short positions.
Having your formula makes many people lose if they follow you. You'd better keep that for your own rather than making someone a fool because don't ever think that if that will work on you, it also work on others. We're glad you'd share your new discovery and trading formula but honestly, nobody makes a perfect trading strategy which is why I don't think it works for a long time and it is also because the market behavior changes from time to time. |
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Just accept the fact that you are part of the 9,999 in 1:10,000 luck odds ratio. I think taking time to relax betting is still working and so the system will reset and might get a random result. If you are playing straight in a day I think that the system will detect the pattern. I am not an expert but this happened to me once with online casino where I suffer consecutive loss on a one hour gambling. It might be a coincidence but that is what I think of that pattern.
The pattern is that some gambling sites never give a chance of the players to win more, they all suffer big losses while just winning some. Indeed, we have to accept the fact that not all the time we are too lucky in gambling which is why we can't assume that if we gamble we are able to multiply our money, not the case especially if we are gambling in pure luck base games. I could suggest that we have to choose good and reputable gambling sites as it was also a big factor in winning. |
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If I were you OP, don't stress yourself thinking about it because whether you like it or not, investing in crypto regardless if it is Bitcoin or altcoins, and even in different market conditions, risks are still there. If we can't dare to accept the truth, then I don't we need to be part of this.
Crypto investments are just for risk-takers, if we don't have this kind of behavior and mindset, it certainly never works for us. That is why we have to look into ourselves and asses if we can bare the situation and are able to face the consequences, or else, we better leave.
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2. Assuming you are this young man and you had to run to a distant location to carry out your gambling as you are allowed to gambling within your neighborhood and luckily you won huge sum of million dollars. Would you share that money with your loved ones who were barring you from gambling or you will just stay off from them and live new found wealthy live alone?
Share your thoughts!
Is a simple question, for me I will come back and help my family especially my siblings because no matter any circumstance family is the only people that can stood by you in difficult times, so if I'm to be in his shoe I will come back and prove them wrong and also by empowering them. That was just an assumption from OP but what if that person, that gambler turned his life to nothing and committed huge debts? How could he face his family who wanted to change his gambling style? What I understand with the situation is that they wanted their brother to slow down his gambling habits and the only option they see is to urge casinos not to let him enter and gamble. But it never works and is helpless because the owner of the casinos has no right to decline someone if he never commits any trouble, in fact, they want more gamblers. |
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The current movement is somewhat showing positivity but we must be careful with this, at least we prepared in case the drops/correction will show again. Because most of the time, correction comes next after the pump and we are not at $38k which is very close to $40k but can't be sure that it reach that amount before dumps strike. So for now, we really don't have any assurance for that position but yes, why not give some faith and hold? We are already aware of the said market volatility and I think we are ready enough to accept whatever happens.
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As a newbie --the first investment could really be a mix of emotions and uncertainty about what we gonna do next a reason why many have fallen into the wrong investment platform, scam wallets, and the wrong way of storing them.
A good way to start investing is to invest only a small amount - the amount that we can't feel mad if we lose them. We have to stop thinking about earning fast because this will affect our emotions and decision-making. Instead, we have to think about the rewards in the future because, in this way, we are encouraging ourselves to learn how to hold and how to keep straight on our goal neglecting every day's market dumps and pumps.
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How do I take advantages over the gambles while I am not gambling anymore?
I tend to invest in the gambling. How?
At my visits in the gambling grounds, I will be lending my funds to the losers who has run out of funds and willing to bet more if they have more money.
I tends to make this a deal with interest charges with concrete agreement to be secured and I will be opened to also accepting collaterals.
The idea is good but that was a risky decision to make a deal with these gamblers to take a loan. Why? You are helping them to become more addicted and possibly, they will take additional loans until they can never pay you back. In the end, you both are the losers of this idea unless you set a limit and an agreement that could force them to pay using their collateral. I verily know that I will succeed more of the inexperienced and those gamblers who doesn't have gambling budgets including those who can't take control over their gambling emotions
You might especially if you manage it well and make a secure deal with these people. |
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All signal groups are totally a scam thing whether it was a premium signal group or not. In fact, it was very clear to us that nobody can predict right to what will happen next and why we should have to believe someone doing it. To be fooled into this kind of work, trusting these signal groups is no different from making themselves a fool. These people still don't understand how the crypto market works and they still don't understand the meaning of volatility.
Well, they can learn it after experiencing losses due to trusting these signal groups.
No one can yet predict exactly what will happen in the future so it is not important for us to believe about what cannot happen according to what they predict, it would be better for us to study first to be able to avoid people like that because When we understand it well, we will be able to avoid these signal giving groups so that we can avoid making decisions in investing or trading. They post some result of their trades that's why those newbies thinking about starting their trading career think about that its good to follow this fake professional and pay their service since they thought they can earn it back since this people is bullish traders. Later they realize that they join on a wrong group once they paid those premium services and get nothing. There's a lot of stories about it and newbie should know that there's no good group asking a payment to their members since all of it is just a pure garbage(scam). They should get out of that group and find another good community that can help them learn and enhance their skills on trading. We can see this group online and also in this forum so they should not make all the process fast so that they would stumble on wrong group of people. That is a problem because they have too much affection for money and they think that by following these signal groups who show them great trades and easy money, they can be like them. Therefore, they are pulling themselves into the trap and know how these signal groups really are. In fact, it was a long issue but we can't blame them either because they didn't even care about reading those issues because their mind had already been focused on easy money and ways of becoming rich. |
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When I want to place a sports bet, I will look at the sports I am familiar with and see who is playing so if there is someone I know, I will start looking for information. And if there is a team that I know has a greater potential for winning than the opposing team, I will place a bet on that team. But if not, I won't place any bets and will look for other matches that I know.
After finding the winning team, I will place a bet with the money I can afford. I didn't chase big wins because I wasn't confident in my analytical skills. Besides that, I only bet on sports betting for entertainment rather than to make money. I also do not know any strategies that many gamblers use so I do not think much about that. If I can win, I will be happy. But if I lose, I can accept it. Nothing to lose for me.
That is a good thing about sports betting which we don't just rely fully on luck as we have the chance to win when putting those teams that higher potential of winning. This is gambling, we could think that placing our bet to a winning team could always win but unfortunately, it never works always. Well, some of us had put their bets in support with the team and even we know that they couldn't win the game, still we give faith from them. Because in sports betting it is not all about putting bets on the strong team but also, we bets on our favorite team. |
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So if a gambler where to go into bitcoin trading, do you think that the experience of taking risk in gambling will be an added advantage to face the risk of bitcoin trading?
There is no assurance that a gambler become a good trader and this is why... With their experience and risk level, we can say that they already have an advantage but it is not just all about experience, it is also about proper management, knowledge, and skills. They could be a good trader if they stopped gambling and focused on their trading journey but if they did not do it, it was useless as they were still about to lose their money. It is actually not because you are a gambler, you are good at market analysis or good at all ways of trading. Well, you can gain success if you really want to become a trader and forget about the idea of gambling. |
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