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7081  Economy / Gambling discussion / Re: What makes a good bettor? on: August 10, 2020, 03:06:38 AM
If that person wants to bet on horse races, he should know the horse, and perhaps, he will need to learn details about the horse, including how to select the right horse. It is the same for the other sports because that is the only thing that we can do to choose the right team/player/horse. Besides that, he needs to what strategy he can use in every match because I am sure that the situations will not be the same in every match.

That is about knowing how to bet and what you're betting because that is related to each other. If people can achieve success or a regular basis without having much knowledge as others, I think that is because he has big luck in those sports, and I believe that person exists, although we don't know who they are.
7082  Economy / Trading Discussion / Re: Basic things that you need to know before starting in trading on: August 09, 2020, 10:20:10 AM
Patience is the most important thing in crypto trading also proper risk management is important. You have to have keep waiting for price to come in dip and then open trade. Buying in parts is the best things to average your buy. Like besides buy everything at the one is not good. You can buy 10 percent of your fund in one time and keep buying it in every dip.

Knowing about trading and patience will help you analyze the coin that you can buy because you will see from your analysis about the coin that can increase in the short term or long term. But we cannot always wait for the dip because we never know how much the lower price, and as long as we can buy when a low price, we will have a chance to sell at a high price but make sure that you are not greedy to chase the bigger profit. Buying 10% at one time will be good to test if the price is down at that moment, and if the price still goes down, we can buy more with another 10%, or we can wait for more to see the lowest price.
7083  Economy / Economics / Re: BTC Can show economy on: August 09, 2020, 09:15:36 AM
Probably, but now, now, in fact, BTC is not the indicator of how the global economy shows. For example, is that during the pandemic in several months. the global economy faces some crisis. but the BTC price can make some increase in the market although it is not at a high rate.

..
if the BTC not going up anytime soon in a few months we are in real trouble...then the whole economy will collapse...
You may remember what happened to the price of BTC at the end of 2018 to 2019. the price of the BTC was in a very bearish situation. It was likely not going up. But the global economy didn't show the crisis or collapse at that time. Should we make the BTC price as an indicator?


2019 was crisis all ready just no panic yet 2020 it couldn hold on any longer and bubble poppped

Yes, in 2019, we saw the crisis, but it's happening in the crypto, and not all economies in all countries have the same thing as in crypto. I wonder what will happen if the bubble popped, is it go down, or is it go up? Because these two option is what we have now. But I am sure that sooner or later, bitcoin price goes up more than the price now, and the bitcoin price will touch the new ATH, no matter if it happens this year or next year.

Sorry, I don't agree that Bitcoin can show economy conditions, because not always when Bitcoin goes up it makes the economy healthy.
Or when Bitcoin is down, the economy will go down or collapse, if that happens it's just a coincidence. The proof is that now all countries
are experiencing a crisis economy and the stock market is also down, but Bitcoin shows an upward trend.So Bitcoin can't show economy.

Yeah, bitcoin is not part of the economic conditions now (not yet). Bitcoin still stands alone without interfering with the economy, but bitcoin gives people a chance to make money. We see what bitcoin can do right now, and the trend still increases, so what we need now is the increases in the bitcoin price.
7084  Bitcoin / Bitcoin Discussion / Re: Dead by 2106 on: August 09, 2020, 08:11:18 AM
I think that will not be a problem because I am sure that the bitcoin developer will get the best solution to solve the problem. Besides that, 2106 is still far away, and we don't know if we are still alive or not, but we can tell our children or grandchild about that, so they will know what they need to do.

Even if bitcoin is dead by 2106, I am sure that we can have other things that can be the new ways, whether for making money or have an investment. Perhaps, we don't know what solution will be applied in the future because we have much time to research and check the code on how to fix the problem. So we'd better focus on the situations right now, and let the developer solve it while we can invite more people to join in the bitcoin world.
7085  Economy / Gambling discussion / Re: You have to prove that you can take the loss on: August 09, 2020, 07:08:40 AM
I believe it will not be effective for the government to limit losses to gamblers who play on gambling sites. Such regulations will make
gamblers and online casinos uncomfortable, because from the start we decided to play gambling of course we have to be prepared with
the risk of experiencing a loss. And most gamblers are adults who can manage restrictions when playing gambling, there is no need for
the government to interfere.
Acceptance is needed in gambling, losing can always happen and it will depend on us how we wanted to stop it. Government can't deal with online gambling limits since we can choose to play in different casinos. If there is a limit in one casino, then we can go in other casino which is useless for implementation of limits. A reminder of addiction in gambling and what it can cause to us can help for those start thinking of gambling.

The government can make that limit, but it is hard to control the limits if the gamblers are not doing by themselves. We have so many casinos that we can select to gambling, so we can spend the money as we want. And if we are losing the money without stopping for a while, but still continue playing, we will have more chances to lose more money.  But if we don't control ourselves, no matter if there is a limit for the gambler, the limit will be broken, which means we will lose the money, and of course, it will be difficult to get the money back.
7086  Economy / Gambling / Re: Casinos Withdrawal Fees Rise | August 2020 🔥 on: August 09, 2020, 05:33:58 AM
From rare sense, the increase of bitcoin should result to the increase of withdrawal charges of casinos games or rather other crypto gambling platforms as to increase the company rates of income stability, meanwhile lowering withdrawal charges distabilize it aims at certain point of targets by the casinos gambling companies.
Most time bitcoin had the highest charges so far therefore bettors should consider converting to other coin if that is actually available on some casinos platform for convenient withdraw.

The gambler will know where they should play, so if bitcoin fees increase, they can convert to other coins, which can reduce the fee. It is about how the gambler can select the gambling site, which has other coins to gamble, so they don't have to use bitcoin to gamble, but they can also use the altcoin to gamble. In the gambling site itself, if they only have bitcoin as the only one coin, I think their website is hard to grow because the gambler wants to use other coins than to just use bitcoin.
7087  Economy / Gambling discussion / Re: Las Vegas Casinos Scared of Lawsuits on: August 09, 2020, 04:26:10 AM
I think both the casino and the government will need to coexist to solve that problem by implementing the rule and the protocols to protect people from the infection.

Before the casino was allowed to re-open, the government already issued a guidelines to follow when vegas resumes, and by opening the casino, they agreed with the guidelines to implement the safety protocol, so they should not be afraid of lawsuits if they implement it effectively.

In the first place, people are are not required to go in a casino, it's their well to be in a casino and they should understand that there's a risk that they might get infected. I'm just curious, do they get have an outstanding legal case from clients already?

We don't know if they have that or not because I think they will not release to the public, and they have, they will solve it without telling people. It is right that people don't have to go to the casino because the risk will be there, and even if they want to go to the public area, they will know that the risk will also be there.

The government's guidelines must be followed if they want to help reduce the infection, and no matter if their members don't obey the rule, they need to act decisively because the casino wants to protect the other members.

Of course reopening casinos in a pandemic situation like now must follow government regulations. If the casinos are proven to be violated
health protocols that have been established by the government must be willing to close these casinos. Because the COVID-19 pandemic is
not possible underestimated. So there's no need to be scared of lawsuits, that's the risk that all casinos have to face today.

I think the casino will not try to break the government's protocols because if they try it, they will lose the opportunity to make money. As long as they follow everything, it will be okay for the casino, and they will not get a lawsuit from people.
7088  Economy / Economics / Re: 2020-2021 best year if You Want to become rich no skills needed on: August 08, 2020, 02:03:14 PM
Really? How you can pay the loans if you don't have a job. Even if you have much knowledge about crypto and can trade with the right, it doesn't mean that you can make money because the market is still moving. We don't know when we can profit so that that way can be a risk for people, and I don't think that people will take that risk. We should be trying from what we did now, and we can work hard to make money, and we can also invest in the crypto, so we can make a lot of money when the price increase. It will need time before we can see the market rise, and we need to have more patients because the market will not give the sign when it increases.
7089  Bitcoin / Bitcoin Discussion / Re: Why most people think Bitcoin is a scam? on: August 08, 2020, 10:13:59 AM
People who think that bitcoin is a scam is not understood about bitcoin. They say that because after people buy bitcoin, the price goes down, even the price is finally down too deep, and not increase and back to the last price they purchased. After the price is stable at that price for some time, and not show any sign to grow back, they will say that bitcoin is a scam, and the price will not increase. But they are wrong because bitcoin is stronger, and bitcoin can back to the last higher price, and even bitcoin price will break another highest price.

But today, as many people already educate themselves by learning more about bitcoin, they will not say that bitcoin is a scam. And if bitcoin price now is not increasing, they will still wait for more, and they will try to make more bitcoin from the other coins so that they can have more bitcoin in the end.
7090  Bitcoin / Bitcoin Discussion / Re: Profitable days of holding bitcoin percentage (98.5%) on: August 08, 2020, 05:42:21 AM
Hold bitcoin for a long time is the best strategy, but I don't just hold all of the bitcoin I have because I want to make more bitcoin from trading. But yes, the whole idea to hold is profitable, and now, people who already bought bitcoin at that year can smile. At least, they can now sell their bitcoin, but they can also wait for the next bull run that will happen. It needs a big patient to hold bitcoin because the price is up and down, and sometimes, the price crashes to the lowest price, and not all people can still hold after they see the crash. If people don't just hold the bitcoin, but they also use it to trade to make a profit, they will have a chance to recover their loss from the last years because they can make a profit, which can lower their losses amount. So when bitcoin price increase higher, they will make a lot of money from bitcoin.
7091  Economy / Gambling discussion / Re: Las Vegas Casinos Scared of Lawsuits on: August 08, 2020, 04:36:17 AM
I think both the casino and the government will need to coexist to solve that problem by implementing the rule and the protocols to protect people from the infection. The casino must have hand sanitizer in every place, including in every table, if necessary, so the gamblers can see that the casino follows what the government says. It is not just one agency works, but it needs support from all people, even the casino, which will be the place that people will gather. I am sure that if all people, all casinos, and the government can unite together, we will address the increasing number of infected people. If that succeeds, I think the government will reopen another business and use it as already applied in the casino. Soon, the economy will be better with the new normal conditions.
7092  Economy / Gambling / Re: Casinos Withdrawal Fees Rise | August 2020 🔥 on: August 08, 2020, 03:07:42 AM
If the withdrawal fees increase, you can convert your bitcoin to another coins which don't have a high fee such as litecoin, dogecoin, or even ethereum. I think that will not be a problem for us if that gambling site have that options to convert our bitcoin into another coins. But if the website doesn't have that features, I think you can wait and save your bitcoin until the amount can be bigger, so the fees will not be a problem for you. I think that is a good solution for you to prevent from paying a high fee in bitcoin.
7093  Economy / Gambling discussion / Re: You have to prove that you can take the loss on: August 08, 2020, 01:55:11 AM
Based on the other thread it is said that those casinos which are regulated doesn't need to require KYCs for this. They will continue to do the same except for the new thing which is proving themselves within having a loss of $100 or maybe £100. I don't think it would be that big for them to gamble underground.
I think they have to require KYC during the registration if the £100 monthly losses gets implemented because casinos can't just guess or assume which of their gamblers aren't capable of handling the losses. Anyway even if it's approved this won't be a problem to most of us crypto gamblers since it's only from the UK while most crypto casinos are regulated by Curacao.

If the regulations are implemented in the UK, I think the other countries will not get the effect, and the gamblers can still playing gambling, even they will get losses more than $100. I think the gamblers don't have to prove themselves of having a loss of $100 because I think for some gamblers, that will be an embarrassing thing for them because they told other people or government about their losses. I guess that crypto gambling will not be a problem because we can select the gambling website, which doesn't require KYC to play gambling.
7094  Economy / Trading Discussion / Re: Stop-lose any recommend? on: August 07, 2020, 12:14:40 PM
Thank you all ,  i think to decrease leverage to 1:5 and setting stop-losses wider ,  see what happen .. btc/usd is very risky at trading  Lips sealed


OR, just simply HODL, and buy golden-dip opportunities. Don't waste your time trading, and losing 90% of the time to the whalecumulators. Be part of the strong hands who want to HODL more Bitcoin, not fiat.

At least, I agree with this because you don't have to sell in a short time after bitcoin price increases for a small price. You can hold as @Wind_FURY say, so you can have a chance to make a bigger profit. But you need to realize that there is a risk behind hold because you don't know what will happen with the bitcoin price in the next moment. But that is worth trying, and especially we see that the bitcoin price movements now is at the bullish trend so that the price can increase more in the next day. But yes, trading BTC/USD is too risky, and we need to manage our emotions and have better skills to analyze.
7095  Economy / Trading Discussion / Re: Basic things that you need to know before starting in trading on: August 07, 2020, 11:13:05 AM
When I was a starter, I do remember these basic things;
  • Risks Preparations
  • Emotional control
  • Trading money that you can afford to lose

And other things will follow like learning some technica analysis, setting stop loss, adding indicators, formulating strategy and risk management, etc. We can also be a better trader from being a noob if we have self discipline. Anything is possible to achieve if one's determination is to become a good and successful trader.


Good for you because when I was new, I don't know about that, and I only use little money to trade, and not trying to chase too big profit because I know my capacity that I don't have much knowledge of using the analysis method. I realize that learning in trading is a must, and we need to dig more and more about trading so that we can make a profit from trading. With learning much more about trading, it can give us a chance to analyze the coin, so we can know how to trade with the right, we know how to manage the risk, etc. I am sure that we can be one of the successful traders in the future.
7096  Economy / Speculation / Re: Bitcoin Stable At $11K – Altcoins In Green: The Calm Before The Strorm? on: August 07, 2020, 08:56:36 AM
Things are picking up once again, I am sure if this continues for a long time the price of everything will go up again. It is already reaching closer to $12k again for bitcoin and the price of ethereum is around 400 dollars as well.

$12k seems to be a big barrier to overcome as of now, Ethereum though goes above $400 momentarily but it's just $5 dollars away so maybe it can breach it anytime today. But for Bitcoin, we need more time, probably in the next 24-48 hours if the bullish sentiments continues.

I am sure that the big barrier price will be broken in the next days or even today. While bitcoin price now seems to stable at $11,7xx level, I think we need to calm down first to see what will happen with bitcoin price. Ethereum almost breaks $400 again, so it might happen this day or tomorrow, so if your target price is at $400, you can prepare for the coming, and don't forget to place your order sell before the price can touch that the price you want. That will work for bitcoin price too, so you don't miss the time to sell at your target price. But we don't know what will happen the next week, so we can make another plan to be ready for the upcoming weeks.
7097  Economy / Gambling discussion / Re: Slots in Online Casinos on: August 07, 2020, 07:52:34 AM
~snip~

But where else can you go and get a close to 50% chance to just double your money? Winning in the lottery is so unlikely that casinos are basically the only decent chance where you can get huge winnings, in games where you know your chances beforehand. Not like gamblers on the street that just scam you. Once you realize that there is just no outright winning strategy you can play accordingly. If you get lucky and win, just save some winnings. Unfortunately in the long run you tend to always lose.

There is no place which you can go to get the chance to double your money to 50%, and if there is an offer that says that I bet that will end by losing your money. I believe that we will see that some offers out there, not just in an online casino, but it's happening in the offline casino too. You can win on the lottery games, even you have a chance to win in all gambling games, but you must remember that if you can win in gambling, that is because you have luck. But I would say that our chance to win and lose in gambling will be 50%:50%, so you should not spend too much money if you cannot accept the loss. We need to save the win money, and we should leave the place as soon as possible because if we still stay, hm that will make us spend more money.
7098  Economy / Gambling discussion / Re: Regulations in online Gambling sites on: August 07, 2020, 06:52:41 AM
Does this mean every online casinos would require KYC?


I don’t see that KYC will be mandatory. Casino that have a license was already regulated which don’t required KYC. Only the amount of bet in Slot was being discussed to be regulated to control addiction of the player, This will be beneficial to the players because they can play without worrying about big loss. Actually this not a big deal because if ever the player reach the 100$ cap per month then they can just play other gambling games like dice, sportsbet and card games.

I think the KYC can be applied in the casino based on fiat, but in the casino based on crypto, that won't be easy because it needs regulation from the government, and many countries still not accept crypto. Perhaps, slots can attract many gamblers to spend much money in the games because to gamble on that game will no need to use big money in one bet. But I think all gambling games should be regulated because if only one gambling game regulated, people can still use the other gambling games to gamble, and there is a chance to see another addiction from other people. I think $100 per month will be too big to gamble for one person, but that can happen to the addiction gamblers because he can use more money to gamble, so he thinks that he can have more chances to win.
7099  Economy / Gambling discussion / Re: You have to prove that you can take the loss on: August 07, 2020, 05:37:17 AM
How else should you prove you can take the loss of  £100 each month except by providing KYC data?
the amount is high enough for me and i dont think i can be qualified for this rule . im afraid i cant gamble again if these regulations will be implemented .

No need to worry. You can still gamble, even if there are regulations in your country because you will get another way to connect to the gambling site, but you need to be careful because the government eyes can watch your step.

The gamblers must handle their losses, and never blame other people because we use our own money to gamble, and we are not being forced by other people to use that money. But no matter if there is a regulation or not, we must control our money and make limitations, so we don't get any problem.
7100  Economy / Gambling discussion / Re: Slots in Online Casinos on: August 07, 2020, 04:04:06 AM
~snip~
There are a lot of online casinos right now that are offering various slot games that can attract more gambler, actually the online casinos that I playing right now is Roobet where they have 900+ slots game and I can take advantage from it because I can earn profit while having fun. Butnl it doesn't mean that slots in online casinos are more better than slots in traditional casinos.

It is still depends on the gambler, there are some who even used to play in traditional casinos than in online casinos and vice versa. For me, the excitement is more real and thrill through traditional casinos but it is more comfortable and fun playing slots through online casinos.

You are right, but you still need to be careful because it will be difficult to earn profit in slots games. After all, gambling needs the luck to win. You can have fun with the slots games, but you need to remember that you don't have to chase to earn the profit. Slots games in the online casinos and traditional casinos will be the same to need luck. I am sure that both gamblers who play slots in the online casinos and traditional casinos will get the excitement and thrill to that games, which makes some of them stay for a longer time to play the games.
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