What factors will you consider for Bitcoin investment? Do you also compare other indexes to check when it is a suitable time to buy in or out for Bitcoin? Like Gold Price? Nasdaq index?
The price factor that I consider why I invest in bitcoin because I believe that the bitcoin price will soar to the high price. It will surpass the gold price, and if you don't have gold, you can use bitcoin as your investment. I don't compare bitcoin with the other indexes because I don't have much information about that, even I don't always check the gold price. I only check the bitcoin price because I invest in bitcoin, although I have a small amount of gold. I tried to buy bitcoin whenever the price drops deeper, but I don't just buy directly because I always try to analyze the trend, price, and situation before I purchase bitcoin.
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thanks everyone for your replies. i will wait few days, if not solve automatically, i will ask my friend to do it for me. i will withdraw my funds asap and will never be back to use HitBTC or other exchange sites ask for private documents.
why they didn't ask for documents when i want to deposit bitcoin. this is hidden trap inside the rules.
i'm using crypto, which is founded to respect privacy. i'm not depositing or withdrawing fiat money to get stuck with long documents requirements. HitBTC is not a bank to ask for all these.
I don't think that is a trap because from a few years ago, hitBTC is not mandatory for their user to verify their account by submitting the document or does KYC. But soon, after many exchanges use KYC, HitBTC follow it, and I think they already announce that thing to their members. But unfortunately, people who enjoy their time to trade on HitBTC never know or don't read about that, so when they want to withdraw, they confuse because they need to do KYC. Many traders don't become aware of the news from the exchange because they are too busy with their trade. Perhaps, we need to the responsibility for our account, so next time, we will not get the other problem in the future. I hope you can solve your case in HitBTC, and you can withdraw all of your money. You don't have to use that exchange once you got your money because I am sure that you can found the other exchange which will better for you.
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Habits are hard to remove since those are the things that you are accustomed to and you can get therapy since professional help is really helpful to remove addictions.
Do people really do this, getting therapy for gambling habits? Well, anything that works to ease or stop addiction is okay. Gambling isn't a bad thing but, getting addicted to it is and it as well goes for other things as concerns addiction. You don't allow yourself to be so drawn or always drawn to a particular thing, you become a slave to it and you really should get help as, it not only saves you of your finances, it saves your life from taking drastic decisions which is likely to be irrevocable. Addicted to gambling needs professional help advice as long as he is willing to be help and cooperate. When they are addicted, they focus on gambling and make decisions poorly that affects the entire family relationships and financial aspects.I think in some city they have a rehab program on this just like other forms of addiction. Not many addicted people in gambling will want to seek professional help advice because they can hide their addiction to other people. They will still play gambling without other people, and they will spend more money just to fills their desire for playing gambling. If their family knows about his addiction, they will try to advise him to go to a professional while they can go together, so that person will not feel that he is alone to solve his problem. But not all cities can have a rehab program for people who have an addiction to gambling, drugs, and else because that will depend on how serious the government to help addicted people. The addiction to gambling and drug is a serious matter that needs to be solved, but the addicted people who can't solve their problem alone need their family to support them.
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There is no strategy for playing the lottery, my most important advice in the lottery is bankroll management, not buying a lot of tickets. Because if our luck is good, buying one lottery ticket is enough to win rewards. I'm not a lottery fan, so don't know the place that offers the same type of lottery as the opening post.
Perhaps, if the lottery uses the number as the @OP mention, a gambler can arrange or calculate the chance to write the number. It is more like using a formula that can help them to have a correct number. But still, because the lottery is based on luck, it is difficult for the gambler to make the right formula. They can only predict what number will come out. I agree that we don't have to buy many tickets because if we are lucky, we only need one lottery ticket to win. But people become greedy to win the prizes, so they buy so many tickets with big hope that one or more tickets will win the prizes. I am not a lottery fan too, but sometimes I buy the lottery ticket just for fun.
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~snip~
Something that every gamblers needs to realize, if you don't have the right control all of your money will be spent away. Gambling can entertain you in a short period of time as you feel some winning run. But once you start experiencing loses, this where everything will start all those fun will be removed what left is your will to recover all of your used money but while trying you just be left empty handed. When a gambler plays gambling for a long time, he will hard to realize how to control his money, and he will spend his money only on gambling. But as long as he can get entertainment from gambling, he will not feel too bad because of losing that money. Besides that, he is not chasing the win money. Win or loss is normal in gambling games and how we can control our gambling emotions. If you think that you need to chase or recover your losses, you better forget it because you will see that it is difficult to do. A gambler will lose more money than to win the money. There are a few bookies who have great promotions at the moment. If you play with that money that you get in a promotion, you never have to risk your own money. Unfortunately, such promotions don't last forever. And if you have won, withdraw immediately.
But in able for you to get that promo money, there will be sets of instructions that you need to pass or a requirement that seem to be in favor of the casino and not you. Anyway, you are right that you won't be risking your money if you get to use that money. I guess most gamblers are doing this if ever they receive money from bonuses and promos or any free stuff from the casino. That is right. I guess that only some gamblers will want to pass the requirement, especially for gamblers who can win some money because they think that money belongs to them. They don't realize that they will risk their money once they verify themselves regarding getting the promo money. And that will be the sign for them to lose more money if they play gambling for a long time.
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I hope it will happen in the next bull run. Litecoin price even not increase so high now, and perhaps, litecoin needs more time to grow. But litecoin still too far to reach $256 at the end of this year, but if there is a pump that can make litecoin break $100, $150, $200 in a short time, litecoin will have a chance to break $256. Until that time, we can buy more litecoin and hold it, so if the price can have the moment to get a pump, we can have a chance to make a profit later. But with the bitcoin price is not stable now, I am not sure if the litecoin price can break $100. Even to break $90, it will still need more time.
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I don't think ethereum will die, but that can be right if the supporter of ethereum leaves the project and moves to the other projects. But I see that ethereum still has a chance to rise because I think ethereum still be the king at the altcoin section. But who knows, there will be another project that can beat ethereum in the future as we don't know where the cryptocurrency will going to be. I think the transaction fee can get lower soon, but this time, perhaps, we need to enjoy the current fee that we already used. If you check the ethereum price at the market, you will see that the ethereum price needs more time to increase, so you need to be patient.
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Holding is very risky because you didn't know if the price of the coin you hold will return to it's ATH so, be smart and always take the risk. I think it's better if you hold the 50% and sell the another 50% to save even a little if your holding turn to lose.
I agree, hodling atleast 50% of what you have and sell the other half. You'll never know when will its' ATH will reach those numbers again, and as expected, in few more weeks, bitcoin's value may surpass the ATH of 2017. Lets all hope for the best! Lets hodl up to Q1 of 2021. As long as you hold bitcoin, you should not worry because even if the bitcoin price is down, the price will be back to the higher price. We already saw when the bitcoin price was down deeper to $3k a few months ago, but then the price can rise in a short time, and still increase until now. And we already saw the price can break $10k, which we are waiting for so long. The price will be back to $18k again because the price gets a green candle again, and hopefully, the price will break $18,500 and go to $19k.
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But to tell everyone, we can't see any assurance about winning in gambling, and if we assess ourselves and have the list of the times we lost and the amount, we probably see that we lose a lot than winning.
The winning and losing in gambling will be related to luck. If we compare the winning and the losing, we will see that the loss will have a bigger percentage than the winning. So no matter how hard we try to play better, if we don't have luck, I am afraid that we will only get another loss, and if we can't control ourselves, then that will be only a matter of time to see we will lose all of the money. It will be right if the gamblers lose more money than win the gambling games because we can spend more money just hoping that we can win the games.
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I think gambling is an entertainment when you do not bet with too much money or do it just for fun. Otherwise it can start making you addicted to it and it could not end very well. So, we should be careful about it too.
As long as you don't bet with too much money and enjoy gambling games, you can prevent addiction to gambling. We must treat gambling as entertainment, so we don't get too deep into gambling games, leading us to lose much money. But many cases show that people use gambling as entertainment as the beginning, but after they feel enjoy, they forget about controlling themselves, and they still use more money. In the end, they will become addicted to gambling, and if they don't get out as soon as possible, they will become heavily addicted to gambling. That is a case in which we always remember to treat gambling as entertainment.
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I don't think any insurance company would take part in this because if gamblers retain heavy losses, that will be his mistake, and there is nothing he can do except accepting his losses. A gambler needs to take responsibility for himself, especially to manage his money used to play gambling. And if he loses the money in the gambling games, he can't do anything. He needs to control himself while he plays gambling, but if he loses the money, he can try to recover it back. But that will not be recommended because he will lose more money, so it is better to stop playing gambling.
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Not many people can hold their bitcoin for a long time ago. Many of them stress to see the bitcoin price are down from time to time. But I am sure that many of them are still trying to survive because they believe that bitcoin will have a chance to increase. They believe their dream almost becomes a reality in which bitcoin price already touches $18,400, which is happening less than a year from this year. The bitcoin price will get the new ATH sooner or later, and we do not predict how high the bitcoin price can hit.
But besides hold, we can try to accumulate and earn every satoshi, so when the price can jump to the highest price, we can sell it and make a big profit. Fortunately, if you hold 1 bitcoin, it will still 1 bitcoin, but the money value will be change. So you can try to hold and calm down and enjoy the ride. But don't panic because you can't think clearly about what you need to decide.
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I admitted that it is a big achievement for bitcoin price that can jump to the high price level, and now the price can break $18k. I am sure that we are waiting for this moment because we will make a big profit and most of us can recover our losses before. But we need to be careful about the correction that can come after this and make sure that we are ready at that moment. And if we check on the market, it seems the correction comes because the price now is back to the $17,300 level, and I don't know how much the price will be down. But if bitcoin price can go up and down for $17k-$18k, that will be good for us because we can take profit over and over.
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No problem if bitcoin will test the resistance and back to the lower price as the @OP mention. If that happens, many traders will prepare their money to buy back Bitcoin at a lower price because they are sure that the bitcoin price will rise so high and break the $20k. So far, $20k will be the highest price we are waiting for, and we believe that price will be reached at the next bull run. And with the price now is at $18,100, I am sure that the price will increase more this month and next month, even if we still face a correction for the price.
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I agree with the title of this topic, we really have to pay attention to our gambling habits. Because if I can't limit myself to playing gambling, I will definitely become addicted. If we get addicted, it will definitely make our lives fall apart, and it is very difficult to heal the addictions we experience. I myself only play gambling weekends, and use a limited budget. I don't want what happened in the opening post to happen to me, therefore I am always careful when playing gambling.
We must limit our time and money to play gambling if we don't want to become addicted. Unfortunately, not many people can do this because after they can feel the excitement of playing gambling, especially on the gambling website, which has many games to play, they can enjoy staying on that site. That makes them forget their purpose of playing gambling, and they spend more time and money without thinking much about the risk. If you can limit your budget and time, I am sure that you will not get the same experience that other people did in which they lose their money, and even they lose everything on the gambling games.
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Some new casinos have new rules when it comes to kyc and withdrawals (especially in wagering requirements). But yes, for old casinos that we used to visit, we already know their terms per se. Because more than likely, you already did several withdrawals without a problem, so you know, you will not encounter any issue the next time. But if you will spend significant amount, still worth reading the ToS of the site before regretting in the end.
I think gambling places don't have to do KYC, there are some gambling places that keep their players anonymous so the owners of the gambling places don't know who it is, and it's better that way because they maintain their privacy, while for other ToS I think almost all gambling places are the same , to be honest I sometimes don't read it first, I prefer to have fun at the gambling place without paying attention to the existing ToS. If the gambling places don't do KYC, I am sure many crypto gamblers will visit their site, and they will be regular members who are always playing gambling on those places. For the crypto gamblers, a gambling website that is not applied KYC will be meaningful because they protect their identity and prefer to become anonymous. We may not read the ToS for the gambling website that we are regularly visiting because we know that they use KYC or not. We don't have any problem to deposit or withdraw the money, whether that is winning money or deposit money.
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It is what it is but we cannot remove the fact that there are lucky gamblers. They gamble as if they want to win and luckily winning the jackpots. In that case, they have recovered and won money too.
If they win it then lucky, they are else those who have lost in recovery will think back later why did they gambled again. Its worse for those who had borrowed money in a thought will win and lost it again will now may not have money to pay back too. So its luck which may help you to win or lose in the end for some games. Those gamblers who borrows money are desperate but it's not a good move. Lose your money but don't lose others money even if you have borrowed it. Several times I've read gamblers who have done that and lost a lot instead of recovery. Most common scenario is that those gamblers will experience even more losses and would really be drown into deep debt.Its not really ideal to take a loan to someone just because you are planning to take those losses back or trying to break even because you will definitely worsen up the situation even more. Taking a loan because of wanting to play gambling and getting the lost money back will not be a good idea. Just imagine that gambling will not give you a big percentage to win, and if you lose the money you borrow, how can you pay back the money? That will cause you the other problem. If we lost more money because we think that it is the process of recovering, then you might change what you think because gambling will not let you recover your losses, and gambling will get all of your money.
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It may actually really happen to most people included in gambling. But in online gambling, as right now, I think the percentage is 50:50. Nowadays, many people concern about gambling and they are playing gambling. But what makes them still survive until now because they have a different point of view, strategies, and also tricks to make themselves make or earn profits.
And inthis case, related to control how much money have they spent and gained, it is better to make a certain portfolio about winning and lost. It seems difficult moreover many gamblers do not need and also talk more no about this. However, we can think about what will happen to our portfolio if we only have red signs on the portfolio. That is why this is also needed in order to be guided and also at least notes for gambling
In gambling, many people survive because it is not just for fun but it is true that the strategies they have have been able to survive until now, if we record how much they have earned and what they have lost, I don't need to record this because for me with a balanced loss and loss it is natural thing therefore I will stick with what I have to keep gambling with what I can. Creating a portfolio for me is not important because gambling is not a top priority but I am still here to play if we take the conclusion that to profit from gambling this will make it difficult for me. People who can survive in gambling because they don't spend too much money. In this matter, people can manage their money to be used to playing gambling. Besides that, people who survive in gambling only use gambling as part of the entertainment, and they understand that it is not easy to make money from gambling. Instead of trying to make money, they choose to enjoy the games. So they can play gambling for the next days. Creating a portfolio can be better for some people because they can see how much money they win and lose. But it needs the discipline to write the result in that portfolio, and not many people will do that because sometimes, when they lose their money, they will pretend to forget the losses. As long as we can manage the money, we will prevent the big loss.
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Perhaps, the number of people who buy bitcoin from Paypal will increase in the next 3 or 6 months later because, as we know that Paypal has huge members from many countries. And if they see that they now can buy crypto directly from their accounts, I think they will try it to do that, although they will not directly purchase bitcoin in a large amount. But at least, that can increase the number of people from Paypal who will know and learn about bitcoin. That can give positive things for bitcoin because if many people know about bitcoin, that can help bitcoin to grow and with Paypal allow them to buy bitcoin directly, which can give their member an easiness to purchase bitcoin without visiting on the exchange.
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It's hard to say, but I don't use a new exchange if I don't find it by myself. If I found out about the new exchange, I will wait for a while and search for more information about it. And if there are many good reviews from people, especially from people here, perhaps, I will try to visit and take a look at what inside on that exchange.
The first thing that we should care about is the exchange use KYC or not. Then we can try to register on that site and looks at the dashboard or the interface on the exchange. Until this point, we can feel if that site is good or we don't have to use it to trade because if I want to try to trade on the new exchange, I need to feel good. No offense @OP. Perhaps, you can introduce more details about your site or app to know what benefits for us to trade on that site.
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