2020 is not a price for Bitcoin, but bearish for Altcoins, yes, although not all altcoins experience Bearish, but it is very common for altcoins now., Because the dominance of Bitcoin is still above 60%, the Altcoin price only recovered a few, such as Ethereum, Ripple, Tron, Cardano etc., but this is not a bear season, this is a bullish season.
2020 is the year for bitcoin to rise again after it's down at a low price for a long time. We can see that in this year, bitcoin price can get a bullish trend, and the price can start rise after it sleeps. The next year will be another good time for bitcoin to lift the price and hit the next ATH, and as we can see now, the bitcoin price back to $$18k, and that is a good sign for us to expect the next high price. But we need to aware of another downtrend that can happen to bitcoin, and if that time comes again, we need to be ready, and if we want to buy more bitcoin, that will be a good time to buy bitcoin.
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For XRP, my target sell price will be up to $1 You can take a profit now or still waiting for another high price, and it is up to you. But you need to calculate it or think twice before you decide and don't be sad if after you sell the coin, the price increases high. Perhaps, you can sell some parts of your XRP, so if the price increase or jump to the next high price, you will still have another amount to be sold at that price. And if after you sell XRP, the price is down, you can buy back for more to have another amount of XRP which you can sell when the price increases again. It is just a suggestion, and you don't have to follow if you do not feel good for you. That is why you need to think twice before you decide.
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Related to the VR system, I think many gamblers who don't want to know much about the VR system will not try to buy the gear or spare their money to buy it someday. They will play gambling as usual, and if they are curious about that thing, they will try to search what it is and will say that they don't need it.
This is considered as leisure and should not be a mandatory for a gambling platform to use VR system just to gamble. We know that having these gadgets are costly when in fact you are only gambling. Besides, not all are fan of VR system in gambling others likes the old or the traditional ways. So? the best thing to do for a gambling platform is to let other users to have an options regarding on the preference of its users. Give all the options so that a gambler can get the best experience on how the way he wanted to gamble. Yes, it is. A gambler will know whatever they want, and they will try to do what they always do, but sometimes, they can try a new thing because they are curious about that. With the technology are growing in every business, including gambling, that can attract some gamblers who have a lot of money to try the VR system to gamble. But once again, the casino can't force the gambler to use the VR system because not all gamblers will like to try or to buy the gear. I am sure that the casino will still allow people who like to playing gambling with the traditional method or the gambler can still playing online gambling with their gadget without using that VR system. But they can invite another gambler to test their game and technology, so they can develop more to grow.
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It is good news to see the gambling industry can recover in this pandemic so that they can make money again in hard situations. As a business that contributes to the taxes on the country, it will bring a recovery process to that country, and slowly the country will recover the economy. With the other businesses trying to recover as what the gambling industry does, sooner or later, the situations will be normal, even if the pandemic still be with us. Each business can be related to each other, and it could bring a good impact on them which will lead the country to have a better situation in the future.
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Even if I like the idea , the level of customers will be low in my opinion as why would you want to pay around 1.5k$ to get a real decent pair of VR system just to play online casinos with them ? I mean yea, for those who are having a lot of money to spare and they're addicted to gambling, they will join it but for me, a casual gambler , I won't even bother to buy a VR system in order to use it for gambling.
That is a wise thing because we gamble to depend on what we search for in gambling. If we have a big curiosity in any matters, especially in gambling, we will try to have it, but we must know if we can get it with our money or not. Related to the VR system, I think many gamblers who don't want to know much about the VR system will not try to buy the gear or spare their money to buy it someday. They will play gambling as usual, and if they are curious about that thing, they will try to search what it is and will say that they don't need it.
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So bitcoin is down $3,000 today and it seems to be getting worse. Do you think this will be like 2018 again when it went to $18,000 then tanked and went to as low as $5,000 in the next year or so? What would you do in a situation like this now or in the future?
When you see a good opportunity while it's falling down, we should quickly response to it. Don't let it go, because every drop is our potential profit to harvest. Don't let the past ruin your capabilities as we move forward on our goals for bitcoin holdings. Every second counts, don't you waste a valuable time which counts on and on. We can buy more bitcoin when the price is down because that will help us have the bitcoin at a low price. But some people worry if the price will go down, which makes them not do anything except for watching the price movements. We don't have to force ourselves to buy if we don't get any sign to buy because that can lead us to get another loss. But even if we are losing this time, we can turn it back into profit because the price will increase in the future. Perhaps, you can buy bitcoin in any lower range to reduce your losses if the price is down.
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what trading tips that actually worked with you so far? and by worked i meant that you are making profit rather than losing money ... PS: buying a long time ago is not a trading tip
We can give so many tips for you, but it could not always work for you because of the situations, the emotion, the amount of the money, and else will be different. But I agree with some members who said that we need to have discipline in trading, so that can make us stick with our plan. Before we trade, we should make a plan for how long we trade because we can't trade for a long time. Besides that, the market situation will be changed, and we can't predict what will happen later. If we feel that we need to get out of the market, we should stop trading and leave the market. Don't be greedy if the situations are not good because that can lead you to hold for a long time.
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I think investing in a casino is an inaccurate choice because what you say is true, because a casino place will provide many benefits when there is still demand and many people are gambling there, if not those who visit the gambling place then the investment you make will not make a profit.
That's right guys, so before we invest in gambling places, it's really important to choose which gambling places are really many visitors, so that one's investment does not become in vain. Surely if the gambling has a lot of visitors, it is certain that the gambling place is trusted in the eyes of many gamblers, so this is the right target for someone who wants to invest in gambling. If you are sure that investing in gambling can give you additional income, you can select the recommended and popular gambling site to get a nice income. But don't expect to make a big income from the investment because the investment will need some time to earn decent money. But yes, investment in gambling can be another source of income for you, especially if you choose the right gambling website. Remember that you should have another type of investment and don't just invest in the gambling site because you need to diversify your investment. By doing that, you will have a chance to grow your money amount in the future.
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Would still be useless if your mind isnt fixed already on securing those funds because if not then you would really withdraw those coins back and continue to play. This is usually the thing that do happen when you do still have the aim on making money out of gambling or you do tend to chase your losses.So it is somewhat useless if you dont have that much of good in self control. Management of your finances is one of the key factor on making yourself avoid on unfortunate things that might happen.
In this matter, you should have self-control because if it's not, you will lose the money quickly. Chasing your losses will not be better because, in gambling, we will feel difficult to do that. We can lose more money without we realize. Nothing that will make us sad except losing big money in a short time, and that is why we need to avoid it. Having control in the management of the funds will be necessary because that can make us survive in gambling. Besides that, we could have a chance to play gambling games for some time and enjoy the game.
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Ah, forgot to tell: i tried VR gambling game (Black jack) few weeks ago. And believe me, this was pretty shitty. Of course it was just a demo game in one russian site, but the interface and especially - croupier was pretty awful. Croupier 've done a lot of creepy faces, i will post some of them here tomorrow (out of my main PC now) and it ruined all atmosphere :c
VR gambling is not for ordinary gambler. I guess, it is pretty much expensive if you avail this type of gambling. After the demo, have they posted the prices how to get the access? Maybe in the future, if there will be a lot of VR gambling platforms, it will be affordable to the masses. It's not that expensive. Have you seen poor man's VR sets that convert your phone into a headset? Also some older sets that were top notch 5 years ago are now sold for cheap. You won't be able to play new games with them and they don't offer very high resolutions but are still good if you want to try out VR gaming and gambling. True, there are already some VR headgears that are sold for cheap so when the time comes that theres an integration of VR's in gambling industry then that wont really be a bad idea for such transition where players can possibly experience VR with less cost. Lots had wrong perception towards its cost which is mostly that theyre expensive but theyre not.It did actually fail for it to get some attention. VR headsets had been created for a while but they didnt really get some significant recognition by the masses thats why this tech isnt really that been known much nor people do know about it. Perhaps, that is right. But I guess that VR for playing gambling is not the same as VR headgears as what you mean, and if you say that is not too expensive in your country, perhaps, that will be expensive in other countries. Maybe, @johhnyUA could tell us about the price and the model, so we can know what it looks like. Cheap for us, but it may not be cheap for other people because we live in different countries, and we don't use that gears every day, so we don't think that we need that gears too. Perhaps, if there are many factory produce gears everywhere, the gears will be cheaper, so every people buy it at a cheap price.
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If it was true that there are more bitcoin correction to come, then I think, it is a good time to buy more again before the another bitcoin ATH will come.
It is the right time to buy, the big pump in the $19000 is an indication that the strong buying motivation is coming and there are sectors that will pump Bitcoin, people will always sell their coin for profit, it's just happen that there are many people selling for profit, and the buyers are still gaining ground it's only a matter of time before we will have a big pump until we reach the next all time high. Yes, it is the right time to buy bitcoin while the price now is at $16k because we may not see that price again in the future, especially if the price starts the rally. The pump for bitcoin will come, which is a matter of time, so we need to have more bitcoin to be ready to sell at the next high price. We are getting the advantage of this downtrend because we can buy bitcoin at a lower price, and I think many people, especially people who have a large amount of money that will purchase bitcoin at a price now. The correction will end soon, and the next high price will come, which means we will have a chance to profit again.
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I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market! Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?
No, it is not influenced by bitcoin price negatively. Instead, people make more profit from the altcoin because they can sell their XRP in usdt or bitcoin. They will have a profit in usdt or bitcoin, and they can hold it until the bitcoin price increases again in the next week. I think that can help people to have more bitcoin if they sold it in bitcoin pair xrp. If more altcoin can increase, such as XRP, that means we will see the altcoin season, which can give us more profit, and if we can make more profit, that means we will have a chance to make a lot of money in the next bull run. Even if they manipulated the pumps, we could still benefit from that by having more bitcoin to hold.
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I don't really know how 2020 us election make an impact in gambling. Unless, the new president Joe Biden will totally ban all crypto gambling sites in USA. But it won't happen since Americans love gambling. The only that influence the new administration in gambling industry is to impose high tax or ban it.
The huge amount of bet in election does not give a huge impact, only people who bet in Trump lose the money fast. I remembered when a thread here told that a person bet 5M dollars in trump side. I think he is crying out loud now.
We will not know if the election of 2020 can have an impact on gambling, but for people who are always betting on a special moment, they will search for it, and they will try to place their bet. Perhaps, that will not be too popular in another country, but people from that country can use the local casino, or even bet between them. I hope that the USA is not banned crypto and will allow people to use crypto without a problem helping crypto grow. If many people bet on that election and choose Trump, they are losing their money, but we don't know how much precisely the money people spent on that betting.
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Bitcoin have multipurpose use and using in gambling is just one of an option. As mass adoption keeps on happening, bitcoin would be more accepted to pay for goods and services and for casinos as well. Might be where already bitcoin is accepted widely in those counties, casinos as well can start accepting it.
It could be easy as scanning it to the counter to have some chips or anything that can be applied as we apply it today. But it all depends on the matter and potential that the casino sees as they accept bitcoin. They are free to choose it and allow their bettors to use pay bitcoin for their credits while being inside the casino premises. That day will come to the casino when they start to use bitcoin, but before they use bitcoin or integrate their system into bitcoin, they need to prepare many things that we don't know. I agree that it will be easy to scan the barcode to the house, and the gambler can get their crypto. When bitcoin is integrated into their system, that will not be just bitcoin that they will accept, but they will accept the other coins. When a mass adoption happens in many countries, and the government allows the casino to use it too, that will be the time for bitcoin to reach more users that will use bitcoin as a payment system.
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~snip~
VR is the future of gaming and probably also of gambling. We all enjoy better graphics and more interaction with the games. And the more people use it, the cheaper will be the equipment and the more companies will switch to VR. I can't wait to be using VR technology for gambling. It's already so much fun when gaming with VR. My wish for this years Christmas is a VR headset. With technology developed in all countries and many new things invented everywhere, VR could be our future. It is not just for gaming or in one business only. It could impact other businesses. VR technology is new right now, and it still expensive to buy, but with the growth of the technology itself, it will change everything in the industry, including the price of the equipment. Perhaps, you can try playing the game using VR technology because I heard that some games could use VR for their user to give you a new experience in gaming. If you want to buy a VR headset, you can browse Amazon or Google to find it out.
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Do they evaluate this kind of tax implementation through adding taxes was based on a standard business taxable income? If not I guess that's not fair to a gambling institution, since they're also into competition with other business who's running gambling. Though gambling using cryptocurrency currency was in demand by most online players, they shouldn't take advantage of that specially during a situation of pandemic.
I am sure the government already study of what is happening to their country, so if they want to add more taxes, they will calculate or simulate everything necessary. They have experts that can evaluate, calculate or other things that could happen during the implementations. Even if we think it is not fair for them, the business owner tries to obey what the government wants, and if they object to the tax implementation, they can ask to get relief. Perhaps, that is what the offline business, including the gambling business, can do regarding the additional taxes that will apply in their country. The government will try to be fair for all business owners because they helped the country run by paying taxes.
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This time will be almost the same as in 2017, but this time, people who bought bitcoin will have the chance to sell their bitcoin for more than $20k or even higher. But if they can't manage their emotions every time they see the price is down, they will lose the opportunity to profit from the highest price. As you said, the bitcoin market is very unpredictable, but we can still profit from the up and down of the market. If you can use the moment to buy at the dip and sell at a high price, you will have that profit. Otherwise, you can hold your bitcoin and wait for the highest price.
But we already saw the ATH happening this year because the price can increase so high more than $18k, although the price is down now. But we can hope that the next ATH will be happening this year or next month or next year, and that will be possible to happen and see the next ATH.
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snip.. But I am sure that $20k will be break sooner or later, and that will be our profit to take it.
$20k will definitely happen but when that is? still a mystery. I agree with others who think this is just the same as in 2016. take advantage of the profits you get in this short bullish time, then buy again when the Bitcoin price experiences a major market correction.. Perhaps, it will happen in the next month because we already see $18k in this month, so the chance to reach that price will be bigger to happen in the next month. But as you said, it still a mystery and no one will know the right time to happen. The bullish time will come again to us, and after this bear market, the bullish market will come, and we can make a profit again. You can prepare from now on by buying the bitcoin at the current price, so you can have the opportunity to make a profit.
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It will reflect to the business indeed as limiting the gmblers to play more will cut the house profits, but due to reputations they'll be able to gain more gamblers to visit their business.
Depends from how the owner will handle this kind of feature as for good marketing it will bring good impacts but profitable wise it ain't going to bring good benefits.
I also believe that players will go to play on those sites where there are no restrictions. I am also surprised by those countries that impose restrictions on the maximum loss per person for gambling sites registered on their territory. After all, people will go to play on those sites that are outside the jurisdiction of their country. Casino profits and tax revenues will be reduced. You are right. We have so many recommended crypto gambling sites that no restrictions, so we can play without any limit except ourselves' limitations to prevent the big loss. Somehow, if we have gambling limitations, we don't have to worry about losing because we will stop before our money runs out. Besides playing gambling games outside their country's jurisdiction, they can also visit the online gambling games without any restriction or limitations at all. But the casino will still profit from the other gamblers, especially if they have so many members.
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I am not a good gambler. I've never won big money from gambling since I only bet a small amount of money. however, I got money from betting site affiliation which is huge for me. Maybe marketing is my stronger point rather than gambling.
I see some gamblers can't win on the gambling games, but they can make good money from the affiliate. That still money for us because even if we spent some money on the games and losing the money, we can still make another money from the other way. But that will not help us save that money if we still use the money to gamble because we will lose that money, and the chance to win will not be too big. If we can have many referrals under us and spend a lot of money, that will be a bonus for us because sometimes, the money from the referrals can be bigger than the win money that we won.
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