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8521  Economy / Gambling discussion / Re: Online Gambling Versus Traditional Gambling on: June 01, 2018, 08:43:07 AM
In case of traditional gambling, you will always be worried about your money being stolen. There is no such issue with online gambling provided you have used strong passwords and have installed good anti-virus on your computer. Most of the online casinos have advanced protection against hackers and thus your information is also private and confidential there.

I beg to differ. There is still the possibility for you to lose your earnings in online gambling. It’s possible to have scams or phishing schemes in the form of these online gambling sites, so it’s not yet 100% safe and secure as compared to traditional gambling. It may still be susceptible to hackers even with the presence of strong security and protection. Needless to say, nothing is 100% safe and there’s the possibility of losing your money anywhere.
Apart from scams and phishing, I want to believe that no matter how provabial fair it may sound and no matter how crazy one may think there is a strategy to use, traditional gambling depending on the game still stands a better chance of being fair than online gambling except for sport betting that has to do with real life situation though.

There is nothing that guarantees 100% safety but one way or the other, the difference here which gives online gambling especially cryptocurrency gambling an edge is the privacy it brings. I guess this alone will be more than enough to make more people forgetting traditional gambling.
8522  Economy / Speculation / Re: Rotchilds and Wallestreet stopping the market rise ? on: June 01, 2018, 08:11:39 AM
I think bitcoin and other altcoin prices should be going up by now. but it doesn't happen. I guess Rothschilds are on it. Bankers, and, Wall Street, they're all on it. I feel like we're being forced to stop and wait for them to get on and take control of the next leg of the journey. Meanwhile, we are still patient.

They cant do anything if they don't have any Bitcoin. First they need to buy Bitcoins and push price up to millions and only then they can start manipulate the market.
I may as well want to assume that the likelihood of this is not possible as this would take a huge chunk of funds to be able to achieve something like this. However, there is nothing that we can say is impossible, since the funds is really there and talking about millions, I do not think it is that hard to see a combined effort to achieve this if we really want to face the likelihood of seeing the chances. They are big time manipulators, they could have bought a lot at around the previous low in this year, drive the market up, people FOMO, they distribute, and then they rinse and repeat.
8523  Economy / Speculation / Re: The June is coming and the market will boom up from that on: June 01, 2018, 07:37:09 AM
A lot of changes happens on the past two years, so this year will be different  from those. Do not compare what happened before to this present year.
Yeah, sure. We cannot always use the past to indicate what would be happening in the future. From the way things are going on the charts except of course something goes wrong and we get to see bitcoin going all the way down, then I guess a move upward will actually bring about some pretty good move upward for the rest of the market which still makes the whole June thing to be in play at the end of the day. We still have few days to go though, so I guess we see how things end up.

June has actually always been the month almost everyone has always known to be the month of greens and huge percentage increase across the market, and I guess we have to wait and see how this one is going to be like. I believe most of the alt markets from the divergence shown on the momentum indicators are really preparing to see how the trend for bitcoin is going to be like before we start seeing smart money moving into the market.
8524  Economy / Trading Discussion / Re: What amount did you start to trade? on: June 01, 2018, 04:35:31 AM
when starting a trade without experience also feels difficult, especially with a thin amount of capital below 0.01 at least we are good to start trading above 0.1 to see high trading costs.
Good luck
I actually started trading on bitmex with nothing as I used their demo site to increase my skills and I did this for 3 months consistently to be able to check how much I have done before I even started trading with real money.

Trading is not that easy and it is not that hard, but there are something’s you will need to learn on your own with experience that you will never find in books and for me 3 months of being perfect is better than few days of losing everything and eventually getting frustrated. After the 3 months, I started trading with $2000 which I have been able to turn to $6500 in a month plus and that sure has covered up for those 3 months of practicing.
8525  Economy / Trading Discussion / Re: Hello traders on: June 01, 2018, 03:56:00 AM
Trading is simply a vehicle to generate cash flow just like a business but understanding the business of gambling can help you understand the business of trading.
Another wise man said that trading is the way to earn easy money with little effort. I agree with that and in my opinion, if you are a good trader, you would never face loss but only due to your bad decisions and sometimes market failure as well but actually bad decisions are the energy pills that pushes you forward and helps you rebuilt your decisions and plans. A good trader will always in the process of learning.
But, anyone who does not even want to accept the fact that trading is risky like the OP is implying should just go try it out first and then get back to us with their experience after a while. Practically people always feel that traders are simply doing something easy without knowing that it takes a lot of knowledge and years of experience to be able to make decision in a fluctuating market

For pro traders, trading is more like an educated gambling unless you want to be in the whales’ shoes. For someone who is just trying out trading and feels it is easy, I wonder how long they will trade without getting frustrated eventually.
8526  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best Time to Sell Altcoins on: May 31, 2018, 04:50:28 PM
The best time to sell altcoin is when btc increases slowly. We will sell it and get it. I trade a lot and I see that!

Market is not accurate situation to sell them because bitcoin price reduced a lot in the market and it is effecting other altcoins. We have to wait some more time when bitcoin price start increasing all other coins price start increasing.
You can never be accurate with getting out of a market but as a trader, the thing is to look out for those moments when there is a sell signal and really those are the things indicators are good for anyway. A lot of people get carried away by FOMO that they just would not want to miss out on the market going up the more and lose the potential profit they could have had. The best is to just have a set target and stick with it.

When your grandpa told you to invest in bixcoin
Most times in an uptrend, even when one's grandma or grandpa can predict the market, lol. In a way, it is always better to be sure to see an uptrend signal before entering any market and most especially for altcoins. The problem is that some traders always want to catch it low to be able to get the best price or wait for the peak to sell to get the best price, but the thing is that strategy should always be used in doing any of these things and it should be a safe one.
8527  Economy / Speculation / Re: SELL EVERYTHING!!!!! on: May 31, 2018, 12:19:20 PM
Yeah, sell everything and start to cry all day long when the crypto currencies boost up again.
Yeah, he should really sell and be our guest, lol. One day, we may actually as well end up using someone like him as a point of contact to those who sold out and messed up big time because they were just dumb enough not to understand that every market is volatile and for the fact that this is a new and decentralized market, it is even more volatile.

He would not understand that anyway, and maybe he should just go invest in penny stocks then and see. People complain too much about short term and forget the long term and then in the long term, after they have sold everything in the past, they are the types that always end up joining FOMO and going through that their dumb cycle over again.
8528  Economy / Economics / Re: Bitcoin and Disable person on: May 31, 2018, 10:10:18 AM
This is a common thing happens in different countries where the government mandatory give assistance to there citizens with disability, and the sad truth is that the assistance from government is not enough.

This is the perfect time to introduce bitcoin to persons with disability by doing this they don't need to rely only on government assistance, because they are now started to earn there own money to support their needs.
It depends on the level of disability you are referring to anyway but I really do not see any point in stressing someone who is disabled by introducing them into a world they may not even understand. If you want to help them, you can make use of the profit you get from being in the community to help those who are disabled or in need as the case may be. For instance, how do you want to give a blind man something he would not even be able to handle ? Think about that because bitcoins and other cryptos are still not suitable for am under-developed countries' no-access to internet people. This kind of people may be present in every country and 1% of them probably disable persons.
8529  Economy / Economics / Re: Bitcoin and retirement - how do you see your future? on: May 31, 2018, 09:37:40 AM
Yes we don't know if crypto will stay for so long but even there's no assurance here like it turn to not well anymore still we need to take the risk here because we can do only the affordable for us to lose so we can easily accept that situation here so better to risk here like business in real life actually for me even they spread FUD or something bad about bitcoin still we need this in life that's why this is non-stop
Let's hope it does. The truth is that whether we like it or not, a lot of people will always prefer to leave their funds in crypto for very long due to the speed of transaction, borderless transaction and no involvement of a third party, asides the fact that you are going to be making a lot of profit on it as an asset in the long run.

Yes, we cannot tell what the future will be like, but it is definitely one worth it, because the truth is banks will never give you 1600% in a year, but at least after some time, he can diversify a little bit and probably set out the main capital $50 x the number of months he has been paying his pension and throw it back where it belongs.
8530  Economy / Marketplace / Re: Coinbase has just announced that they are going to support ERC-20 assets on: May 31, 2018, 09:03:32 AM
The day CoinBase start adding Erc20 tokens then we can expect new price hike for Etherum based smart contract tokens and market expansion will be huge

Once it says like rumours spreading on the forum and elsewhere but today it shows that it is the truth in the marketplace value. I would like to use the coinbase exchange but they do not have the option to use for my country.
Actually today coinbase confirms that they will having the option to utilise the ERC 20 tokens on their exchange. It will be work perfectly.
It is really going to be a top notch for the whole crypto space as we get to see some tokens with some relevance getting pushed up in value as a result of that. It is still too early to start judging how things will be turning out though, but from the look of things, since it is a US based exchange, I am very sure it is going to be affecting which token is listed at the end of the day based on how US regulation has been known to play out eventually. Let's see how this turns out for the market.

It's been 2 months already since they announced about their intention, but we haven't heard anything from them about the progress. Since there's no ETA, we can't expect and just patiently wait. I guess they will make an update/announcement when it's already done.
I guess the progress is coming up gradually since they have announced the revival of their exchanges and trying to revamp the exchange space for themselves so as to benefit the traders in the long run. With this, I am sure this would have been worked in a way and I believe it is just a matter of time before we started seeing this come to fruition. Also, not sure yet what their criteria of selecting tokens would be like, but I guess time will tell.
8531  Economy / Marketplace / Re: Do you really care if your data is exploited?? on: May 31, 2018, 08:28:49 AM
Hell yes I care.. Most times, they might claim that the information collected is for research but at the end, you end seeing your information with another third part. Don't be surprised that most time, they hand your information to the government. I remember I saw a  thread in this  forum where a  is user complaining their his centralized exchange handed his info to government for probe.
The idea of centralized exchange handing over documents to government for probe is something that everyone should actually expect anyway which was the main reason the government of course imposes KYC policy on the exchanges.

All the above, in the case of Facebook and other social media pages, they are more like selling our data to the highest bidder for research purposes as they so call it, and I do not believe anyway that a social media will have huge information that would implicate anyone. We may care about our data, but we cannot do anything about it, can we?
8532  Economy / Speculation / Re: What started this bear trend? on: May 31, 2018, 07:52:08 AM
Well that's true that those rich people or the popular term for them is "whales" are accountable for this market. They are manipulating that with few increase 5-10% they'll sell, buy at dip rinse and repeat.
Bull run is not even something we should even be expecting any moment from now as it certainly does not look like it is ever going to happen anytime soon. The whales have always been able to trade people's emotion on the charts and they simply know how to keep doing that as far as they want the market to go either downward or upward and like you call it, rinse and repeat.

It is funny though that a lot of newbies always blame them for their loss when they should actually be blaming themselves. There are whales in every market and it is certainly not new.
8533  Economy / Gambling discussion / Re: The way to win in gambling on: May 31, 2018, 07:22:27 AM
I am not sure if positive thinking alone can really change the reality. And reality is that the only party that wins on gambling is the house. Positive thinking may be easily confused with wishful thinking (I wish I could win that is really similar to I know I could win that) and wishful thinking can really put you in trouble when gambling.
Yes, neither positive thinking nor confidence plays any major factor unless you are actually just extremely lucky or playing games like poker with other persons which to me still is a bit based on luck and some little bit of skills on your part as a player.

Asides that, every other game is based on luck and there is absolutely no way to guarantee winning unless one is just fortunate enough than every other person in the casino at that point in time. In one word, there is no way to win in gambling.

If someone is thinking like, has found a way to win will only put one into an emotional situation when it comes to gambling because, such a person will tend to over rely on such way, and when things are going wrong, rather than stopping, they just will want to push themselves harder the more. Winning is a lot dependent on luck, and not thinking about it too much and letting it come more as a surprise is always better for any gambler as that will make you appreciate your winning if you eventually do win.
8534  Economy / Gambling discussion / Re: When do you know its time to Stop? on: May 31, 2018, 05:42:44 AM
I have always failed to understand what blinds gamblers so much that they can’t even see obvious things. They don’t see money going away. They don’t see how the close ones suffer. Most of all, they don’t see how much time is wasted in this ridiculous game. In my opinion, time and health are more precious asset than money. Moreover, this is a hell of a boring game.
Greed and lack of wisdom, both. That is all that blinds them. When they are winning so much, they get greedy that they just want to keep getting stupid until they lose it all at the end and when they simply should be there thinking of gambling as just a way to entertain oneself and have a limit or see what they are gambling with as something they are paying to have the fun, they instead see it as a way to keep making money from gambling and that is where the lack of wisdom comes in.

Any gambler will know when to stop based on how they place themselves in those two things that I have mentioned.
8535  Economy / Gambling discussion / Re: Why Always KYC (Know Your Customer) Why NOT KYO(Know Your Owner) on: May 30, 2018, 05:56:26 PM
Guys why should only users have to provide identity why not the OWNERS who up and run them??? (are they gods?)

This is especially for the casinos which demands for user KYC documents.


Its time to make things even. kiddo edwardoo are you lurking??
That is totally between them and the government where their jurisdictions lie. The KYC is a parameter given to them by the license and permit they had to get from the government. However, I believe there are a lot of casinos where the owners do not hide their identity to the public and some may do for security reasons which are best known to them. However, and unfortunately in life, things cannot always be even which is the reason we have odd numbers, don't you think?

I'm ok with KYC when the owners are known and when you can make sure that your info won't be leaked or used for other purposes
most of the times I'm ok with sending my papers to the well known sites , like americascardroom and 5dimes but there are some bitcoin sites that ask for that without us even knowing the name of the owners which is not acceptable at all
Maybe it is high time for the government to make things equal as we have the right to also know who owns the casino that we make use of, either online or offline. I have not seen crypto gambling site that has ever asked for KYC though except I have just missed that, but in the short of it, we also deserve to know who owns those casinos as that will give room for sanity based on how some people are now turning it into a scam venture.
8536  Economy / Gambling discussion / Re: Benefits of gambling? Yes - it exists! on: May 30, 2018, 04:41:52 PM
Apparently, there is actually nothing that has demerit that obviously will not have merit and most of the demerits one can find in gambling are actually caused by people's greed most of the time and they make it typically unsafe for themselves by that 'I want to win by all means' mentality and not knowing when to call it quit when they are in the phased of losing almost everything and that is what eventually makes gambling perceived as something negative only if people can see it for what it exactly is.
8537  Economy / Speculation / Re: Bitcoin at $1000? on: May 30, 2018, 03:34:13 PM
I feel like BTC at $8000 is still overpriced. Due to high fees and slow confirmations, it's not really suitable for payments. SegWit seem like just a hack to me. I know we are all Bitcoin optimists here at the forum but is anyone thinking that Bicoin is gonna go down to $1000 level in the next 5 years?
Overpriced or not, those who have decided to buy it at that price are still in the space and they feel it is a good price for them to be buying. The fact here is that, no one knows whether bitcoin is overpriced or underpriced and sure, we can certainly say that it is not yet being used as a currency but a speculative asset, but remember there is always a stage for everything and I remembered few years ago when someone like you opened a thread saying $10 was overpriced.

yeahhhhhhhhhhh, i hope it will go there $1000, so every body will panic and sell it.  Grin
Dreams that obviously will not even come to fruition. $1000 is far from it and by then I am very sure even before that value, a lot of buy ins would have set in at the end of the day, and then we may just have to see so many people rushing in to pick the best price as a result of FOMO.
8538  Economy / Speculation / Re: my prediction is always wrong on: May 30, 2018, 12:03:49 PM
just go wrong just move too fast so assume that your prediction is wrong because the price can not be guessed can go down in a fast time but predictions can be seen if you are really adept at reading a graph.

We don't need to rely 100% at predictions, and most certain cases happened was failure on expectations. With my personal experience I also felt sad with actual outcome on the price right now, because not all positive thinking had brought good market value on bitcoin.
In fact, relying so much on 100% correct prediction as a trader would be more like over working yourself. Every trade needs to be well planned before jumping in or jumping out and the caliber of traders that over work their emotions are those who do not always have that planned already but simply just do so much activity on the market that they let their emotions rule them when they should be making good decisions and trade on what they see and not what they feel.

The mistake any new trader will always make after learning some few certain things is to assume that they are going to end up right 100% of the time, and always forget to plan how to exit or stop loss whenever things like that happens. It is a market and anything can happen, which happens in every other market as well, and that is actually the essence of having a stop loss in any market which should even be more important than buying and selling a position.
8539  Economy / Speculation / Re: Do you think should invest in BITCOIN now? on: May 30, 2018, 10:52:27 AM
In my opinion now Bitcoin start uptrend from 7250. I expect that it reach 11500 until the middle of June. Then we will see hard correction till 3000 may be more. That's why if you want invest in Bitcoin now, I advice to exit from the market after 15th June.
15th June ? Baseless I must say, because this is 30th of May, and to simply get to that $11500 that you have so claimed, is actually going to take longer than that. Moreover, nothing is guaranteed and some of you that come up with your own theory of the future are simply just saying things you really do not know. Firstly, anything can happen to the market before then, so expecting that there would be a crash at the particular date to $3000 from $11500 is just absurd.

It seems people started speculating on their own rather than depending on any strategy or indicators. I believe innocent people will ignore these kind of speculations. Otherwise, they might be losing rather than making any profits just due to misleading guides from this forum.
8540  Economy / Trading Discussion / Re: If you want to be successful in trading.. on: May 30, 2018, 10:20:16 AM
I think the only way to be successful in trading is that you have to be driven to reach for your goal. And the rest will just follow, but of course there are always ups and downs when it comes to trading because it is not always in favor especially the market.
To succeed in trading you have to know the market analysis, have to set clear goals in the future, so you will have the motivation to strive and to a level you have set then you can be public. If you have no goals and expectations too high in the market then you will probably have no way out.
That is one definite thing you just cannot leave out. As long as you cannot thoroughly analyze the market, you are just going to end up in a situation where you are just simply gambling. The good thing about knowing how to do some analysis and make good use of indicators is so that you are not making decisions blindly but you are at least, using what you see to make those decisions and not what you feel. A lot of people have lost so much before they just cannot stick to this simple thing before hitting an exchange.
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