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7881  Bitcoin / Bitcoin Discussion / Re: 60% Wiped Out - Will Bitcoin Have a Hard Time Finding Investors After This? on: March 17, 2020, 11:23:06 AM
I guess bitcoin will not hard to find investors after this because many people are already buying bitcoin at $4,500-$4,900, so they only need to wait for a while to sell the bitcoin at a high price. And if the price can rise so high, that means their profit will become bigger, and they will have a chance to recover they're lost before. But if bitcoin price still not increase so high, and the price comes back to the lower price, perhaps, they will buy more and more bitcoin, or they can hold the bitcoin for more.
7882  Bitcoin / Bitcoin Discussion / Re: Itīs not about IF but WHEN - don't panic on: March 17, 2020, 07:25:44 AM
Bitcoin will survive in these situations, although many people say bitcoin will die soon. But we still have many people who still believe in bitcoin, and they still buy bitcoin every time bitcoin price is down. We need to stay calm to see the fluctuating of the bitcoin price so we can see the opportunity to purchase bitcoin at a lower price. If we follow people who panic when the market down, we will miss that chance, and we cannot make a profit when the price increase. But some people can use fluctuating of the bitcoin price by buying more bitcoin and sell some bitcoin when it increases so they can make a profit in any situation, but yes, they have good skills than the other people.
7883  Economy / Gambling discussion / Re: Gambling and KYC on: March 17, 2020, 04:41:15 AM
I think it's because of the money inside the exchanges and gambling site. Perhaps, the exchanges save the customers money, and that money is not going anywhere, so they need to implement KYC/AML. People give the money to the exchanges in large amounts, so the exchanges feel it requires them to know who their customers. But for the gambling site, the money will be at the house or the players, so when the house gets the profit from the player, they will keep that profit from themselves. That will be the same if the player wins, they will keep the profit for them, and they will withdraw the money.
7884  Economy / Gambling discussion / Re: Las Vegas closes casinos and hotels in lieu of coronavirus on: March 17, 2020, 02:21:52 AM
Because of the virus, people will spend more time at home and so it seems to me that now the audience of various video services such as Netflix, the audience of online gambling sites, the audience of ordinary online games and of course porn sites will increase very much.
I'm pity, but now the business that was tied to the direct presence of a large number of people is not waiting for the best times.

You are right. At least, the presence of this virus will change people's views and perspectives on something. I think they will use online gambling sites for playing gambling, and I am sure that they will find so many recommended gambling sites. I think the offline business itself will transform into an online store because people now prefer to stay at their homes, which will give a new idea to provide a unique service for people, so they don't have to go out of their homes. Perhaps, that can attract people to use crypto too, as it will be difficult to use debit or credit cards to buy their daily needs, including to use crypto for playing gambling.
7885  Economy / Gambling discussion / Re: Gambling is like day trading ? on: March 17, 2020, 01:13:01 AM
We know that day trading or short time trading is like playing with wild fire, not may can handle it. That's y most player's end up in loss and very few are successful day traders.
Is that hold true for gambling also?
  There are posts here that gambling is addiction and how to get rid of.
Are there gamblers here who are in profit overall?

The hold for the coin is not the same as gambling as long as you can hold the right coin, even if the price is down like bitcoin price that we already saw today. If you can feel okay for holding the coin and you can accept the price, then it is not the same as gambling.

The addiction is one thing that the gamblers should avoid, and one thing that they need to do has control for themselves, so they don't have to afraid of addicting.

If we talk about the profit from gambling, I am sure that some gamblers can take the profit, but unfortunately, we don't know who they are.
7886  Economy / Speculation / Re: Will Bitcoin reach $ 3884 again? on: March 16, 2020, 09:29:48 AM
It could be possible for bitcoin price to down again this time because the $5k is broken again, and the price now is at $4,800-$4,900. We don't know, and we can not predict if the price will not go down for more, but if the bitcoin price is down again, we need to be ready. Perhaps, we need to hold on tight from now on because bitcoin price is not stable, and it could go down anytime. If you want to buy more bitcoin, you need to wait for a while until the price can stay at a low price so you will have a chance to get bitcoin at that low price.
7887  Economy / Trading Discussion / Re: Why is everyone expecting continuous growth? on: March 16, 2020, 07:30:20 AM
~snip~
That is another aspect of it, many want the price to increase not only because they are greedy, many want to recover the money they lost during the bull market of 2017 and the drop that came later, however the markets have refused to go that high again and it is easy to understand why, the 20k barrier will need a huge amount of money to be broken as many of the people that bought at that price will sell thinking a crash is coming again and this will have the effect of making the price going down unless there is a huge level of interest coming from institutional investors and I do not see that happening until 2021 at the soonest.

I think now people still suffer, especially for people who still hold their bitcoin from that year. They cannot moves because all of their money is in bitcoin. But if they can cut loss some of bitcoin that they had, I think they can start to try to cover the loss although that will be too hard to do since bitcoin price now is down too deep. But I am sure that we will see bitcoin price start to increase to the higher rate again, so we need to prepare that time by buying more bitcoin or trying to sell and buy back Bitcoin at a lower price. We need to be careful in these situations because bitcoin still at the downtrend, so we need to analyze everything before we buy more bitcoin.
7888  Economy / Trading Discussion / Re: Bitcoin price drop 40% we thing causes "Corona virus" and world economic problem on: March 16, 2020, 05:36:37 AM
Corona Virus makes all countries have emergencies, and the government doesn't let their people visit another place. The government suggests their people stay in their homes, and if they don't have an urgent thing that makes them got to go to other places, they better not leave their homes. That is for preventing the virus, and people need to care about their health.

And we knew that bitcoin has also get down deeper without we can expect, it could give the impact too with the crypto market because the other market like the stock market gets down too. But many people, including me, still believe that everything will be okay, and the vaccine for the virus will be found from someplace to help people.

The traders need to stay calm to see the market still unpredictable, and they need to manage their funds to prevent the loss. The market will be rise again, and the bitcoin price will increase and make the new highest price in the future. Meanwhile, we can buy more bitcoin in these situations so we can make sure that we will make a big profit when bitcoin price get ATH.
7889  Economy / Gambling discussion / Re: Why there are so many people who get addicted on gambling? on: March 16, 2020, 02:58:40 AM
I think we can be addicted not just to gambling but also in other things, but we don't realize that. We only say that people addicted to gambling because we see that person is playing gambling too much than the other people. They can be addicted to one thing if they like it, and they do it almost every day so they will feel something has lost if they don't play it in one day.

If you don't want to become addicted, you should have power for yourself to prevent the passion that will come to you to continue playing more rounds. Besides that, you should have a limit on the money itself because if you don't, you will not realize that you lose too much money.
7890  Economy / Gambling discussion / Re: What To Do? (For People Who Mostly Gamble on NBA Games) on: March 16, 2020, 02:06:15 AM
Yeah, there are still some sports that still available for us to bet on but i wont really risk up to make bets into sports which i havent known.

It would be much better if i do refrain on betting to other sports rather than trying into something which isnt familiar yet chances of losing
bet would be high.

For us who aren't comfortable betting on other sports we don't know or familiar with, it's recommended to take a break.

But for a die-hard sports bettor, that can't even live without placing a bet on a single day, they will still bet on those games even they don't have an idea or knowledge about it.

But it's not a suicidal move as before betting, they will do some deep research first. Almost all sports today do have bet analyzers. That's where they will base their future bets.

But if they are still trying to bet on the sports, they don't know, and they will be hard to win even if they are trying to gather some information about the match. They will need time to make themselves familiar with the games, and for some gamblers, it will take some time to understand. Besides that, they need to search for good bettor analyzers so they can know which teams will have a chance to win.

Take a break will be a good choice for them and search the information about the other sports because at least they can save their money first before they use it to bet on that sports that they don't know.
7891  Bitcoin / Bitcoin Discussion / Re: Simple explanation of the crash. on: March 15, 2020, 06:40:11 AM
We have our minds, and perhaps we will have different opinions regarding the crash. We don't have to change other people's opinions because they are free to tell what is inside in their minds. But yes, the crash happens from a few days ago, and this month, the bitcoin price is at a lower price than the last month. There are many reasons why the crash happens, but we don't know the real reason, and we are still guessing about what is happening with the market. But perhaps, the crash happens because many people panic because of the Corona Virus, so they need money to buy their daily needs without going to go to the store.
7892  Economy / Trading Discussion / Re: Trading is better than Holding on: March 15, 2020, 05:43:04 AM
Every people start with zero knowledge. They don't have proper skills to trade, but they are still trying to learn more about trading. Some people say trading is hard, but that depends on how they can learn to trade themselves. You are not alone, and I am sure many of us are still learning, and they still got lost, I got lose too. But if we can learn how to analyze the market, I am sure we will get our time to make a profit.

Trading and holding have advantages and disadvantages. Whether we want to trade or hold, we need to have the skills or knowledge, so if we trade, we can make a profit, and if we're going to hold, we need to know which coin is good to hold. The important thing here is you should keep trying to learn about trading and hold because sometimes, hold the coin will be the best option that you can do while the market is not moving anywhere.
7893  Economy / Trading Discussion / Re: BUY with leverage on: March 15, 2020, 04:52:16 AM
I would not suggest you use leverage trading if you don't know how to trade or you don't know the basics of trading because you will lose your money in a short time. Leveraged trading will need skills to analyze the price, especially analyzing where the trends will go, so if you don't know about that, I don't think you will make a profit.

Meanwhile, why you don't just buy bitcoin at usual trading in Kraken or Binance so you can make a profit like other traders, beware if you want to chase a big profit, but you don't have skills, then that will be your doom. No one knows what will happen in the next 6 months. Leverage trading is not as simple as that, and you should always check the price and the trend, analyze it, so you know when you should close your trade.

But if you buy bitcoin for 2 bitcoin, and hold it on another wallet, you will not have to worry about the price movements, and of course, you will not have to worry about your leverage trading too.
7894  Economy / Gambling discussion / Re: What To Do? (For People Who Mostly Gamble on NBA Games) on: March 15, 2020, 04:02:54 AM
So what do you do nex?,  now that NBA has canceled some of the games this season? Will you just also  get a hold of being a gambler for the meantime? Or try another sports?

All the other outdoor sports are also off, only choice is to watch movies, but please no doomsday movies, or play online casino games if you are betting in a games, so you can release your urge to bet and also your excitement, I think this one will take long because it's worsening now, we all suffers from this and it's unfortunate.

Watch movies in our home can be the right choice but the most important is we can stay in our home with our family, and we can see that they are the most important in our life. Playing gambling on the gambling website will be another choice for you if you want to back to gambling, but always remember that when you play in your home, your chance to be addicted will be bigger because you will stay in your room without leaving your computer. You should still have control for yourself before you see you will become addicted to gambling.
7895  Economy / Gambling discussion / Re: Right time for gambling addicts to come out of addiction? on: March 15, 2020, 02:01:40 AM
In addition to that, there's no right time when you need to stop your gambling addiction. It is your decision when will that happen. And if you think this situation will help you stop your gambling addiction, then you need to be firm with yourself that you are now stopping your habit even after this corona virus is over. Because if it is only because of this pandemic situation, then, your effort to forget gambling is useless.

You are right. We decide by ourselves when we need to stop. But I don't think that if we are addicted to gambling will think about that since we know that we can play gambling every time. But when we cannot playing gambling because of Corona Virus, I guess we are will finally think that it is the right time to stop for a while and save ourselves first before we are too late to realizes. We need to prioritize ourselves and our family from the virus, and we need to take care of them also.
7896  Bitcoin / Bitcoin Discussion / Re: Increasing Number, Who Own 1 bitcoin on: March 14, 2020, 05:55:17 AM
Interesting to revisit here after a crash

Some people are trying to achieve at least 1 whole BTC in this crash, and I'm included, I'll not reach 1 BTC very soon, but I'm trying and today was a great day to buy
The idea of having a entire BTC is awesome, let's see if the market goes down again, you'll se that this number of people will grow again

I think some people already have 1 bitcoin by buying bitcoin a few days ago, especially when bitcoin price finally getting drop significant. That makes the number of people who own 1 bitcoin will increase. And that will happen many times when bitcoin goes down again and again, and we will see more people will have the opportunity to get 1 bitcoin.

Even if people are not buying 1 bitcoin directly, they can still buy bitcoin from the small amount first, and they keep buying more satoshi when the price is down. Soon, we will see many people will have 1 bitcoin or more because they can be able to purchase bitcoin at a lower price that will always happen in the market.
7897  Economy / Trading Discussion / Re: TOP 6 RULES IN CRYPTO TRADING on: March 14, 2020, 04:55:08 AM
Don't be greedy to chase your profit if you don't see a chance to buy low and sell high because that can make you get to lose. I see many people feel comfortable and confident when they can get the profit, so they are trying to enter the market again to buy at a low price and sell at a high price. But the fact, the market cannot always be as what they predict because many times we see the market is not down, but it increases higher after we sell the coin. That can make us buy at a level price, which can lead us to get a high price because the price can get down below the price we obtained.

But all of those rules need discipline so we can prevent the loss that can happen anytime. So we need to be careful when we analyze, make sure we can prepare everything, including if the market moves out from our expectations.
7898  Economy / Trading Discussion / Re: Is it true that Corona Virus may effect trading? on: March 14, 2020, 03:55:55 AM
Is it true that Corona Virus may effect trading?

Is it true that Corona Virus is affecting Cryptocurrency trading? If so then I have some ideas which may help to prepare the vaccine in short period of time to control the Corona Virus. However I am unable to find a forum where I may share my ideas.

I think it is not affecting crypto trading directly, but we cannot deny that the crypto market now is following to go down, and we don't know if Corona Virus affects crypto trading or not. But I think that if someone is not affected by the virus, he can still trade, he can still analyze the market, and he can try to make a profit.

But globally, I think now people want to save their lives first than to do anything else, especially for people who lived in the country which suspected getting effect by the virus, so perhaps, they stop their daily activity. They are trying to search more about the virus and take care of their health. But the global economy is getting effect because of the virus. Many countries have prohibited people who want to get in or out of the country.
7899  Economy / Gambling discussion / Re: Ways to recover from being addicted in gambling. on: March 14, 2020, 03:04:34 AM
Addiction is a disease and should be treated with serious caution.
Definitely. It is a serious problem among gamblers. Every party should contribute to support the way to recover the addicted gamblers. Not only their family but they also need helps from their close friends, experts, and neighborhood. If the addicted gamblers have been at a severe level, they must visit professionals or experts of mental health regularly.

Sometimes, addicted gamblers don't want to tell their family or friends because they don't want other people to know about their addiction. But somehow, their family can know that something has been happening to that person because they can see what he did every day closely so they can guess that person might get addicting to gambling.

Visiting professionals will help that person to solve the problem, but it will better if he can visit with his family so his family can know what they need to do to help that person. Having another activity is necessary to distract his mind from thinking about gambling so he can slowly leave gambling.
7900  Economy / Gambling discussion / Re: Right time for gambling addicts to come out of addiction? on: March 14, 2020, 01:56:59 AM
But the question is , is this the right time for gambling addicts to come out of addiction? The assumption I am making here is  that the gambling addicts are addicts on sports betting and not casino game addiction or poker .

Perhaps, it is the right time for gambling addicts to come out of addiction, and they can leave gambling for a while or forever because many sports games have been canceled because of the virus. But we still have online gambling games to play so you can change the games with the other gambling games, and perhaps, you can find another excitement with other gambling games.

You can choose for yourself whether you want to leave gambling games or you want to try other gambling games. But the point is you should know about the dangers of addicting to gambling. You have an option to reduce the addiction by taking a break from the sports betting for a while. We don't know when the sports will continue the event because the government is still trying to search for people who got infected by the virus.
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