~snip~
This kind of feeling should be eliminated because it will affect your future decision. When you put emotion in gambling, you'll never be consistent in the long run as eventually you will lose your focus. Believe me, I've been there. I believe you because I've been there too. The feeling of excitement in the match will always be there, no matter we realize it or not. But we need to manage our emotions and don't let it ruin the excitement. When we gamble with our friends, losing or winning will not be a problem because after the match ends, we can have fun with other things. Sometimes, after the match, we go to a cafe, and the winner buys a lot of drinks and food to celebrate his winning. I miss that moment when we gather in one place after watching the match.
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~snip~
In that case you are solely gambling for fun, without your favorite team playing, you won't enjoy the game and hence you will not put your bet. Thing is, when you are into sports betting, it's not necessary that you bet on your favorite team, you only bet on a team where you see there's a value. Yes, I am gambling for fun, although I have my favorite team. But sometimes, when my favorite team plays, I don't place a bet on them. I only enjoy their play. I place the bet whenever I want to place, and that does not depend on the favorite team, but that is because I can get the input for each team or not. ~snip~
Betting on favorite team is something dangerous imo, it can be something that makes you over confident to bet more because you believe that the favorite will win easily. We have just seen some matches on CL such as Manchester United vs Basaksehir, if someone is a big fan of MU and he placed too much money on MU because it is his favorite team without doing more researches before placing bet then I can call it as a suicide. Dont bet more just because your favorite team is going to play against weak/non favorite team. This kind of action that makes gambler lose more in sports betting. When you want to bet on the favorite team, you must have input about each team to know how big the percentage for each team and which team that can win. If your favorite team doesn't have a high percentage, you don't have to select them, but you can select the opponent. That is what I did before, and as long as I can get the input and get something from what I research before, I will place the bet for the team, which has a high percentage to win. But if I can't get anything, I will not place the bet on one of both teams. Perhaps, I will just sleep ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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I'm considering to possibly add Bitcoin and other altcoins as a way to pay for goods purchased on my online store.
Is this a good idea? Are there any risks (other than the volatility)?
Is anyone really going to use this?
I'm afraid that my customers may not be much into cryptos, but I guess that it's hard to tell until you try ... I also have some doubts on the technical side.
Thoughts?
Thanks in advance
That is a good idea to accept bitcoin for payments, but you don't have to force your customer to use bitcoin. Let them choose what they want, but you can give the option to pay using bitcoin at your online store. The risk to add bitcoin as the payment is the volatility. Besides that, the fee will be the next thing that the customer needs to think about before they make a transaction using bitcoin. I don't know if many online stores will going to use that way, but I think we already see that online store trying to add bitcoin as the payment methods. So you can do the same thing as them. It is no problem if your customers are not from the crypto world, but I am sure that soon you will have many customers who want to pay using bitcoin/crypto or stick to the existing payment methods. You can try to see the result in a month, and if everything goes well, you can continue to use bitcoin as the payment systems, but if it's not happening as what you expect, you can still use bitcoin to your customer who wants to use bitcoin.
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So let me ask you a question in one word tell me: 1. Will Bitcoin create a new ATH? 2. What is your price prediction? 3. Will Bitcoin reach $50,000 this time.
Thanks.
1. Yes, bitcoin will create a new ATH. 2. My price for the new ATH will be at $50k-$100k. Perhaps, that is too high, but I believe that bitcoin can touch that price in the future. 3. It is hard to reach $50k this time, but bitcoin price will have a chance to reach $20k-$30k. Many traders predict bitcoin bull run will reach $20K in December and probably a new all-time high as bitcoin is just 28% away from establishing a new one. Right now, bitcoin price at $15,900 and still continue to climb higher, according to trend analysis this rally may be extended to $17K before a pullback. I won't so confident to say bitcoin will reach $50K this time, it would be great if bitcoin breaks the resistance level step by step to $20K.
We hope that the bull run can reach $20k before December, and after the new year, bitcoin price can increase higher. We are seeing a new ATH right now, which we are waiting for almost 3 years, so it is a good price to sell bitcoin and take profit. The chance for bitcoin price to break $16k will be there, and it was closest to break that price. The next hard rallies will be at $16,500-$17,500, but I am sure that the bitcoin will break it later. Although it seems too hard for bitcoin to reach $50k, it will be touch it soon. No matter if that price can reach at the end of this year or next year, we will going to see that price. $20k seems to be the hardest price to break it because that is the last ATH that we saw happening in the past.
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Next target is $17k usd that's why it's not hard to reach $20k again and that's a good news.
Perhaps, $16k will be the next target of bitcoin price to reach because bitcoin price does not yet touch that price. Sooner or later, the bitcoin price will touch that price, and I think that can happen this month. But to reach $17k, it still a mystery, and we don't know when that can happen. I am sure that people who bought at $10k and hold it can sell it right now and make more than $5k off the profit because it is their reward for holding bitcoin for some time. We can wait for another correction of the bitcoin price, and perhaps, it will come soon. Perhaps, it is a sign for the bull run to come to us since we have almost 2 months to see the new year.
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'lose more than win' many gamblers are sure to experience this... I don't remember whether I won or lost more but when I made soccer bet I rarely only place 1 bet, usually I will place 3 or 4 bets, so the possibility of losing money is very small, at least you can return on your bet fund.
This is mostly experience by many losing more than win because of not able to minimize the amount to bet in every game. Usually I'm just a small time better in a game, I place a bet just a small amount of money since I'm not that lucky to win every bet I’ve made. Self control and discipline should be take place to avoid losing more so it is also good tips to bet a small amount that you can afford to lose. We need to minimize the amount to bet if we don't want to lose big in one round. I still try to do that because that is the only way that I can do to manage my money from losing. I agree that self-control and discipline will be a need for every gambler because that can avoid losing more than we can afford. Sometimes, placing a small amount will work for us to win and collect the win money, so slowly we can recover our losses before. But we need to have control our games because if it's not, we will lose more. The sports can be exciting if we can enjoy the game, especially if our favourite team play with the weak team, so we can try to place more amount.
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~snip~
Bankroll management is different from your process of selecting a team to bet, with proper bankroll management, even if you are so confident that a certain team will win, you won't put a lot of money because you follow the right bankroll management. Let's say you are only allowed to bet $100 per bet, you should strictly follow that as what you need here is to be consistent in order to be profitable in the long run, and even how good you are, cold streak will happen in your career as a gambler. Thank you for explaining. Yes, consistently will not easy to apply. Many gamblers are drained their money once they see the chance to win, and make them bet more. In the beginning, they can follow the plan, but in the next betting, when it comes to their favorite team, and they see the chance to win, they will use more money. That is what happens when I bet with my friends. Sometimes, we raise the bet amount because the position of both teams almost the same, and it's hard to predict which team that could win. It was exciting to feel that moment, but if we lose, only regret that we will felt.
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You can ask the other friends to do the same thing as what you did to help bitcoin spreads out among the people in many places. Bitcoin really saves your time and your friend about wanting the money at the same time, especially if you and other people don't have the same bank. Perhaps, there are many other stories about bitcoin from other people who we don't know.
I am sure that you and your friends now understand the basics of the use of bitcoin. I believe that soon after many people do what @OP does, bitcoin can grow more. Despite the high fee of the bitcoin transaction, this is a good story about using bitcoin.
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If a trader can't manage his coin in the trading, he doesn't have to trade bitcoin and altcoin at the same time because he will hard to focus on one coin. Before you trade, you need to find out which coin has a good movement at the market, and since bitcoin price has a good move at the market, bitcoin can be our choice to trade. Bitcoin price now the time to be more volatile, and we really need to analyze deeper to find a good time to buy and sell bitcoin.
But if you think that you can trade the altcoin, and you see the chance to make a profit in bitcoin is available in the altcoin, then you can trade the altcoin pair bitcoin/usdt. But you need to be careful since that can make you confuse to get the time to trade.
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People get losses in trading when they don't know where is their target sell, so they still hold the coin and expect the price can increase higher. If people buy and sell quickly, they need to have the target sell so that they can sell it right away at the high price. But you can use a stop-loss feature that is available at the exchanges, so when the price drops too fast, your order sell will be filled as soon as possible before the price reaches the lower price.
But if you don't want to sell even if the price is down, you don't have panic, and you only buy more bitcoin at a lower price and hold it again. That will be different for other coins, but the point will be the same.
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I'm sometimes affected too at this betting with emotions especially if my favorite team is involved.
I will just go with the flow, bet on my favorite team because I want it disregarding how dominant their opponent is.
Generally, it's not that they always losing so still worth putting up a bet. I'm not that blind to just bet on my favorite team even they are weak if I see they don't have the ability to turn the table against a much stronger team.
When it comes to our favourite team, we can feel more emotions, and I feel that too. Going with the flow will not be a problem as long as we know that our favourite team have a chance to win. But if it's not, we shouldn't be placing bets to them because if they don't have a chance to win, we better watch them play. I have experience betting to my favourite team, but the opponent can turn the situations that give benefits to them, and in the end, my favourite team are lost the game. Knowing the money management is important to do, and it's not about which team that we will select to bets, but it's about how we manage our money in the sports betting. We want to minimize the losing money, and we don't bet if it does not give a chance to win to us.
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Most of us don't know where they can gather the data needed to select the right team. We follow some tips, website, telegram channel, and else, but we don't know how to analyze every info we got, so we made the wrong choice. Sometimes, we feel overconfident with what we choose, and we have a big hope that the team can win easy, so we place big bets for that team. Or we place multi bets for some teams, but we don't know if that is right or wrong to choose them.
To minimize the big loss in sports bets, you can place the minimum amount allowed on that sports bet website, especially if you don't have much info about the team and want to test your luck. Money management will be necessary for this way so that you can avoid the big loss.
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There will be another version of defi project. In my opinion if the next defi project will much more mature compared with the current defi projects that are available in the market. People were starting to realize the risk to keep their money in the platform. They have started to secure their money from there. People were seeing uniswap as the same with the dex right now. So many scam coins attacked uniswap too. People are looking for a new trend.
I agree with this because the DeFi project trend will be over, replacing it with the new trend. Every project in the crypto will evolve to better, but there will be much hype for every new project in the future. And that can make people see the chance for them to make money again. That will happens many times, and we will have time to see the new trend will come to us and give people the opportunity to make money. We need to know when to enter that new trend and leave the trend before the trend is ending.
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I just tried day trading in eth and the price fluctuations which happens continuously is something where we can make profit in daily basis, guys from today morning to evening I could have earned nearly 15 to 20$. Buying low and selling in a reasonable profit, again when it comes to my price I use to buy and sell for a reasonable margin this will work only if there's continuously fluctuation, just have a try and make daily profit.
Good for you. In these situations, you can earn $15 to $20, which is a good profit for you, and if you can do that every day, your profit will be bigger monthly. But you still need to be careful because the ethereum market will not be easy to predict, and you need not chase bigger profit every time you trade, but if the price can jump to the high price instantly, you can sell it right away. Buying low and selling high will be the best way to earn money from trading, and I am sure that the fluctuation still continues these few days later as bitcoin price always goes up and down. I don't know how much capital you use, but it is a good example for people who want to try day trading.
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I guess you are a bit late to buy bitcoin at a lower price ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But you can buy bitcoin at any price without thinking about the high or low price, but I suggest you wait for a while until you can see a big red candle come to the market. If you can see that sign, that will be a good time to buy bitcoin because the price will be lower than before, and you can buy bitcoin as much as you want. Bitcoin price now seems to want to rallies to the high price because the green candle is back to the market, and the price still rise, and hopefully, the price will break $14k. You can wait for more for the next correction of the price to buy bitcoin.
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Right now, we can't do much but help our own selves to begin with. As much as possible, don't add problem to the others. Be mindful to your surroundings and be alert. I believe it is hard to contain this pandemic without vaccine involved. So we do need to have the vaccine in place to live a lil bit more relax.
It is right, and by helping ourselves by protecting it from the virus by following all of the health protocols, we can avoid adding problems. At least, we can take care of ourselves, and if people can do the same thing, I think we can reduce the number of infections. We need to be patient until the vaccine can be found, while we need to accept the reality that the virus still out there. I am sure that the vaccine will release to help people who suffer from the virus, and this pandemic will be end soon.
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It would need a superhuman skill to be able to measure the chance to win based on the rotation speed of the roulette wheel. I haven't heard someone that can do that. Roulette is a popular game in casinos because it is very easy to play. If you want to go for profit choose other game like poker where your skill helps you to win the game.
I don't think that superhuman skills exist, but some people can have those skills above other people. It needs big luck to win on roulette as that games based on the luck factor. Roulette is almost the same as dice, which we don't have to needs skills, and every people can play those gambling games. Perhaps, if that person has skills in poker, that will be a great idea for him to play that games to test his luck and skills and win that game. But he can't expect to win the poker game because he will play against the other players who have skills.
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~snip~
That is so true. Usually, as far as I know, these professionals explain that to make their patients better, these compulsive gamblers need to know that they must participate in this therapy not because they needed to but because they wanted to. This will be very hard without the will of that certain gambler as it might have no effect in the long run without their will. A willingness from the patients will be the power to getting better and succeed in the therapy. That will help the patients try to participate in every therapy program because that is what they want to solve. It is hard for them, but there is no other solution to get rid of addiction. In this matter, their family presence will be necessary because the family can support that patient to strong enough until the program ends, and the patients are declared cured by a professional. ~snip~
Going to a professional consultant won't help much if it doesn't start with changing routines and stay in the same environment. It is like giving external factors a chance to resist the urge to quit an addiction. Addictions are tough and even difficult to start practicing new habits in a new environment. If the patient can participate in the therapy, they will get many solving problems for addicting people in gambling, which can help them create a new habit or enlightenment. They will have a lesson about changing routines as soon as possible to resist their addiction. It needs the power to start a new habit and change their old habits with a positive habit that can change their whole lives.
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We can still be happy behind this pandemic because we have an internet connection in many places (although not all countries have a good internet connection). At least, we can use the internet to search for new ways to make money that will be useful for us and that jobs can give benefits to us. We can rely on the internet to search for a new idea to create or build a new business that can work as an offline business or even online business.
Internet marketing still opens the position for many people to try, but not many of them will succeed in that way. Writers, programmers, design, even traders can be the new solution for people to search for the opportunity to make money. If we keep trying to explore, there will be a way for us to get something better for our lives.
In offline lives, many people still struggle to make money by doing anything they can. They are trying to get a new idea that can break the old habit because I am sure that humans will solve their problems and adapt to the new changes. We can survive in hard situations because we are strong enough to pass the problem.
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if dollar goes strong agianst btc then btc goes down? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) can donate btc to federal reserve to make them not make dollar strong again and keep printing:D ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) those bankers like money i think if crypto users will donate to them it will keep btc price good ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) You can donate your bitcoin to the government if you want. But I don't want to do that thing because I want to store my bitcoin for myself and my family ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) You can do whatever you want with your bitcoin, and there are no people who can stop you. But I wonder if you really want to donate your bitcoin to your government ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The government will figure out how to make their currency strong again and keep printing their money. I don't think that the crypto users will donate their bitcoin to them, as many of us are trying to make money. But they will donate their money in fiat to the charities because that is a good thing that they can do to help other people's lives.
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