Great thread
I’d add
Never gamble when you are sleep deprived or hungry
It’s better and more entertaining to gamble in a good state of mind
Never gamble when you’re are hungry
Slots taste better if you’re not thinking about pizza
It's good that we gamble at the right time and for the right reasons, and if the two do not agree, it might be an issue for the gambler. Besides, I can't decipher the reason for the sleep and hunger remark here, it shows that the gambler is not just serious in my opinion. Why would you be gambling when you are sleeping? That lacks seriousness and could only mean addiction in some senses to me. You have to leave one for the other to avoid issues for yourself. What if you wanted to press $20 when you are wagering, but mistakingly pressed $200 due to the sleep? That is why it is good to be active before gambling, and gambling should never be done by force, we can postpone it till another day. But for the hunger remarks, it is baseless to me. Hunger is not what you can't control or postpone the eating time. This is peculiar to workers, and mind you, many people are fasting and still very active and concentrate on their jobs and deliver better than those who did not fast. Needless to say, gambling is not what you do and takes several hours for it, you may gamble for a few hours and later eat which makes it not so much of an issue to me. |
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Emotions exist in everyone. There is no human without emotions. a robot is without emotion. But this emotion does not always harm us. Emotions can help us a lot but in some cases it can lead us to harm depending on how well we can control our emotions. People always want to enjoy difficult things with interest and meanwhile gambling is difficult thing as well as it is able to give fun at the same time there is a chance to win a lot of money so everyone has a lot of interest in gambling this interest makes everyone emotional very fast. So keeping yourself under control will be a very important task for everyone
Emotions will always interacts with us in any situations and emotions can becomes bigger when we playing gambling because we will see many things related to the gambling, especially the outcomes. When we lose, that can makes us becomes emotional and many people lose control and can't manage their emotion because they see their lose. When we can't manage emotions, we will lose our money and that can becomes bigger if we don't stop from playing gambling. If people can treat gambling well and can control their money to be used in gambling, they will have a chance to enjoy the gambling games. Yes, we must keep ourselves under control so we don't becomes emotional because of the outcomes that we gets. When ot comes to gambling we should always avoid the allowance of emotions to take any part or full control of us and our line of thoughts, this is so important because both the good and ugly experiences comes from the results of uncontrollable emotions, some times you may feel good when you wen the bet that emotions pushed to place, and other time you feel very wired and bad because you eventually lost all your entire holdings due to excessive staking all motivated by your emotions as a gambler. I do say that if gamblers no longer feel themselves as the ones betting anymore, it is often bad for them because they will not be in control again but whatever is controlling them. In most cases, this could be encapsulated in emotion and if allowed further, it is always be devastating. All gamblers should know that the antidotes of emotion are simple, and they are disciplined, have strong determination and taking break immediately when the gambler feels that emotion has taken over. If all three are not enforced immediately, it will be an issue. Aside from gambling, emotion has infested me in many risky dealings that have to deal with money, the same antidotes are working for them all unless we are either underrating them or not willing to enforce them. I see no reason why the person who is emotional and gambling senselessly should still be at the casino or not close the gambling platform. Though some might even try to fight it by being conscious with the help of discipline and determination, but if this seems not to be working, just walk away, nothing is safer than that in gambling. You may now return the next day or even give it time in days or weeks to get back to your normal self. No gambler doing this will be wasting money unnecessarily. |
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-snip-
Have you been in this situation before?
It's a pleasure to hear your story.
The answer is No, and no matter how bad the review of the casino is on the internet, I still escape their issues unlike many people. But one thing that is sure is that I will not stay long with a company that doesn't not give me a peace of mind For instance, if the reviews are getting too much on the negative side and physical people I know are also victims, what am I still doing there? Well, let me say that I am both lucky and I do things thoughtfully. I know the weaknesses and strengths of casinos (should I say I know how they think and what they really want), so I make sure that I hold my safe distance so that nothing will affect me. Is it the completion of my KYC, I do it on time. Is it the use of a VPN, I avoid it outrightly and use my local IP even as I maintain a single account with casinos. These still go a long way in keeping us out of their radar as a threat to them if though their excesses are too much in most cases. |
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Says who? You can win with your high level of emotions, because losing and winning when gambling depends on luck, not your emotions, so someone who is emotional when gambling can win if its time for them to get lucky.
Exactly the same point as what I said before in this thread. The ability to control emotions is good to minimize the possible bad effect of gambling but it will not help us to have bigger chance to make money from gambling. There is no guarantee in gambling, whoever we are, how patient we are, how good our emotion control, how good our bankroll because Luck does not care about all these things. No body knows when the luck come, to whom the luck come, and how the luck come because it is like a mystery that we will never able to predict. These are two different contexts, so you guys should not mix them together for any reason and I do not see why this is even coming up in an emotion context like this. Emotion is a psychological thing and not a direct way or reason for gamblers to make money, but still, very useful if we can tame it. It is of course either through skills/expertise and luck that gamblers win, but if the emotion is not taken care of, the gambling experience of such gambler could be miserable. This is what this thread is mainly about and it is one of the major reason why gamblers fails because they do think of the expertise side better than the overall psychological side which even counts more. Nothing is to be taken for granted in gambling, not the management, the psychology and the best ways to play, if there is any, as either of them could help us win or preserve our sanity and responsibility in gambling if done rightly. However, if I must say, I would say that psychology of gamblers outweighs all other factors because what could make you get addicted, be called a useless and irresponsible gamblers and even waste money senseless still buttress on the emotion, which calls for more attention and care by the gambler. And when the emotion creeps in, it takes charge of the whole situation where the skills of the trader, management and other plans attributed to it will be set aside until the gambler is ruined. We can afford to take it with levity. |
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Wins and losses are common in gambling. Losing a bet creates a lot of human stress for many gamblers because there are many gamblers who bet such money that they cannot afford to lose.
Some other gamblers after losing betting money they become depressed. Most of the time I have gambled alone and some times gambled with friends. There are some positive and negative aspects of gambling in these two situations. I feel a bit relaxed there when I participate in the same bet with my friends. Because even if I lose there, I get consolation seing from others. At the same time there are some differences of opinion before betting which sometimes creates confusion.
Have any of you had any such feelings?
Is there less human pressure if gambling is conducted in the same place with friends?
Who is to blame if you gamble with the money you can't afford to lose and still lose it? You, of course, that is why I do not pity those who are in this category, they brought the issue upon themselves out of their lack of wisdom. If they are wise, they would have to weigh the risk and the outcome well to know if they should proceed before ending in it. And if they proceed and lose, they should blame themselves. Also, for me, I see no difference between gambling alone and with friends when it comes to feelings, it is my money, so I feel the same when I lose or gain. But one thing I can't trade for anything is my privacy. I like to do my things my way and mostly private, especially if that thing has to do with risk-taking. I've seen a friend blaming his fellow friend for his loss because he changed his prediction just because his friend predicted differently. This is one of the many I like to avoid in this regard. Fine, a friends may contact me for my predictions, I can give him on a friendship level, but for us to be deliberating on which team to choose or not choose, I don't do that. It can cause more confusions especially if the friends are such that feels perfect and knows better. They may confuse you, and if you are such that can't be confused, they may just start unnecessary argument that is annoying. Why not do your thing yourself when you have all it takes? |
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When you have one or more children, you have heavy responsibilities. Sometimes you're on a tight budget. Can being a parent change our playing habits? Are losses even harder to bear when you're in charge of a family? What are your experiences in this area?
Don’t know why, I think this post is coming from the angle of a person in such a situation and I just have to say, yes, that having children and more responsibilities also affects our gambling except the Person is an addict. The greater your responsibility without any salary increase pays a major role on one’s gambling habits and might force them to reduce the rate and amount they bet on games and I think more the responsibility, the more difficult it is to bear losses. Children are gift from God, and every responsible parent would want the best for their children at all cost even upto giving up on gambling if it’s taking so much out of them. As much as children are indeed a blessing, there is also no doubt that unless a person is earning way more than what they need, an additional child will not only bring economic challenges to the couple, the child will also bring challenges to their existing relationships and even reduce the time they can dedicate to themselves. So there is no doubt that anyone that may enjoy to gamble will have to sacrifice some or all of the time they dedicated to this activity to tend to their family. I don't seem to understand what you guys are saying, children are blessings and nothing will change that. It is we who should plan our lives and not blame it on innocent children. As couples, they should know the number of children they want to born and that must be measurable to many factors which include their financial capability. If you know you can bear only one or two and give them the best support in all ramifications, why not stick to it? But having the financial capacity of 2 and bearing 5 children means you are wicked. So it is all about us and the right plan we have in every situation. As for gambling, I do not see this as a must, you should quit it if it is causing you to lose money while your family suffer. That is what I see in your post which is not supposed to be so, it is never a must, so we should take it as such. And if you are such that is kin to gambling, if you are gambling and may not be able to do without it (though it is wrong and you should seek help), perhaps, you gamble with $500 a month, why not force it down to $50? By that, you would have saved a whopping $450 for the month even as you did not deprive yourself of what you like doing. Above all, gambling is not a do-or-die thing, your family must come first if you are responsible and I believe that quitting gambling entirely for the sake of your family is the simplest sacrifice you can make if you truly love them. I won't even think twice! |
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I was wondering how does casino affiliates programs work.
I have a friend who is an affiliate marketer. He does affiliate programs for various sectors. For example in the health sector, finance sector, educational sector and so many. It got me thinking after he tried introducing me into it, he is trying to make me change my mind from gambling in 8 ball pool instead i should use the money to get an online affiliate course.
Am curious right now, to know how does affiliates program work in gambling. I know gambling is big niche and they also run affiliate programs, so anyhow have an idea?
I think you have a good friend, if it were to be other people enjoying such information and benefits, they might have kept it to themselves alone. As for your question, you will only get a random answer here, however, the course your friend is trying to introduce you to (since it's working for him) is what you should go by. But first, you should examine your friend's financial life, and you might ask him questions for you to know if the path he follows is the right path for you to follow as well. I said that because sometimes what people tell us is only hyped and may not necessarily be the way they said it, which is why it is good for you to ascertain the facts through his lifestyle and financial status. If he passes and you are ready to go about it, just ensure to follow his advice and that of the mentors/tutors of the course(s) you are going for. It is never news that affiliate marketing is really working for a lot of people. I am also doing my bit with some financial market brokers, and it depends on how you can work for them and your success as well. If you are a tech guru too, it is an added advantage for you since it's all about the traffic you send to the system and the converts you make thereof that would determine the commission they will give you. Also, note that the commission varies by organisation and niche, some are even paying up to 60% of the money made from the client/customer you convert for them. This means huge money depending on your commitment and the kind of offer you signed in for. |
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The point is why does football create such a tension and division that can even result to fight and dispute sometimes.
Too much love for something can actually cause those kind of conflict. For example if you really love your club and you also love football wholeheartedly, you will always turn up for your club anytime they are to play a match and if your brother and riends are also a fan of the opposite team and both of you guys have the same energy for football, little misunderstanding during the match can cause a conflict and it really depends on how you guys handle your emotions. I hear crazy things about people that really love football, such a some people who will go hungry if their clubs losses in a match. I disagree with you that this is about the love for football but extremism and it's very bad. We should always support whatever we want to support with wisdom, it is wrong of anyone to support provocatively, which is what I see here. Football is a sport, but it is unfortunate the way some people are taking it too far as if it is a war. This is to the extent that people would kill for the sake of football, how pathetic is that? Well, in my understanding based on the psychological view, it is beyond the football itself but the nature of the person in question. For instance, someone might provoke you naturally or your action provokes people which has nothing to do with football, these are purely emotional things and it depends on how we can handle ourselves. But in football, such provocation may also happen because the people watching it are not mature enough and yield to emotion and anger. They view it beyond the mere sport it is, and the issues may now escalate from the football issues to the personal issues where their true character shows. Such character is in them even before football, it was only let out through it, just like any other thing that can bring the ugliness out of them. I hope you understand, the football was just that thing at that time, it could be other things in another circumstance. I still believe these people are crazy and childish and that is why I try as much as possible to move far from those who call themselves adults but are still with children's brains. |
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We read you!
My number one rule in sports betting is bordering around the money and risk management, and it could be in so many forms. I can't deposit/wager the amount of money I can't afford to lose and I make sure that I even manage the money in my gambling account more effectively. These are the only ways I know I will not go astray in my gambling. Thankfully, I have been practising them with all discipline and determination, and this is the way I can only point out which makes me many steps better than many sports bettors I know. Because even in losses, I still do not feel it since it is all about the long-term result, and when you are good with your betting, overall and over time, you will smile. However, I repeat don't wager the money you can't afford to lose and let strict management be your goal and account preserver. |
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But one person will flip a coin  Yeah, but that's the thing right... If you already have enough wealth, then sure, you might as well get the gamble and maybe get 5 BTC. But if you don't have enough wealth, the certainty of getting 1 BTC will probably be the best bet to make. Whether I have enough wealth or not, the guaranteed income is what I will opt for and I believe this is wisdom in all ramifications. I've lived in a risky environment to know the best thing to do in a situation like this having been faced with multiple of them, the outcomes in the long run are always the same. Just get the money out of risk then take a deep breath and plan what you want to use the money for to earn you more. For me, I do not see that huge difference between the 1 BTC and 5 BTC, other than the 4 BTC which can become 0 BTC with a higher probability if you risk further on it. But if that 1 BTC could be well-utilised, it can get you the best in life and might even end the poverty in your life if you are poor. The amount that some people put together to make their life fortune was not even up to the present value of 1 BTC, so we do not have any excuse here. Also, think about it, if you are smart with cryptocurrency investment and even invested the 1 BTC in one sure coin/token, at least another 5 BTC can be made through that. But by that mean, you are not taking the aggressive risk as though you are wagering the money again, which would be senseless to me. You may even open a business or do another thing with the money like buying land and other promising properties. Before you know it, you will make the multiple of it. The difference would be that it was a reasonable means that you make the money work for you, and not through further gambling that can take it all away from you and get you depressed. We should learn how to weigh our risks and manage our options and even ourselves in this situation. |
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I was just playing Hi-Lo, making small dollar bets, if it's 5 number card I select higher card and win, if it's 10 number then I go with 'low' and win.
Then I was greeted with Ace card, minimal possibility for equal card right (i.e, Ace), so I go all in, and guess what happens, the result is Ace means I lost the bet.
Then I have all sorts of thoughts blaming casino, like do they manipulate the result of the game when user goes all in. I am sure they are all fair, it's just that the possibility of losing the game may be minimal but it's never 0.
Do you want casinos to lose and close their shop? Where will the fun be? That's not gonna happen, and the fact that the playing system of whatever game you are playing or want to play is wired more in their favour is the reason why you still see them in operation and that many more are opening their new shops to partake in the way money making avenue. You can't expect them to allow you to always win all the time and the first game option might be your luck which you never took seriously. There are some games you play at the initial stage that will lure you into playing more and get convinced but will later lose. That's how the algorithms work, they may not be tricking you or adjusting anything internally but the system has been programmed already by the programmers to always work more for them, or give you the hard puzzle to solve. It now depends on your luck at that time in most cases and not the way you think or believe you are clever in playing it. Once it is a casino game you are playing, you should just play it with the mind that you are relying on luck and not expertise, or else, you will regret it. This is why a reasonable amount of money is also important here. If you wager too much money and that is not your lucky day, it becomes a problem. |
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Hi,
There are always things that we are passionate about doing, such as video games, football, basketball, and sports in general, meaning that everyone has something that excites them and makes them want to do.
Like others, I get very excited when I sit down, take my phone, and start my bets. This does not mean that I am addicted, but rather I find it more comfortable and I have more fun.
Does gambling excites you? What motivates you, winning or just the fun in it ?
Oh boy, you should try to caution the excitement still, I know you are not addicted to gambling, even to have said that, but we all need to moderate things. It started like that in some addict's cases, it will just creep in unsuspecting, especially when you least expect such can happen to you when the fun is the purpose but has blinded you. As for your questions, gambling excites me too but the warning I issued above has been helping me to behave responsibly towards it. Nevertheless, I doubt if I can be addicted to gambling. Do you know why? I am already addicted to trading and investment (if addiction is the right word to use). That's what I know I may not do in a day and feel ill about myself. And since they are earning for me and still have almost all the space for that addictive capability, I don't know how gambling will take any huge space in me again. This is very practical in my gambling activities, I gamble when I want to gamble and not as if it is compulsory for me to gamble. But for trading, every day, it is like a compulsion, only that I do not pull the trigger when my strategy does not say so. Insightfully, you can see it will be difficult for gambling to take hold of me. |
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That is it, so for that, we shouldn't have so much mixed up as to what Bitcoin have to do with KYC implementation because have no linking point, and at some point, those that are speaking of such are just trying to create unnecessary arguments and not really being so much with indept knowledge or ability to differentiate both from each other. Bitcoin is money, because bitcoican be use for exchange of good and services and at rhat we need to take it that way, and not be overly concern about Bitcoin interferences with kyc or what make casino to demand for KYC from Bitcoin users. Now Bitcoin is gradually beginning to acquire the function of money and, accordingly, the attitude towards payments in Bitcoin is changing. First of all, the attitude of the authorities of many countries is changing. KYC requirements are being introduced everywhere, including for services such as casino gambling. Overall, I believe that this is the wrong course of events and Bitcoin payments should be anonymous, as was intended by the founder of Bitcoin himself. But the authorities of many countries simply do not care about such a property of cryptocurrency and blockchain as anonymity. Licensing, in my opinion, is also an element of how the authorities are trying to limit the freedom of anonymous payments in cryptocurrencies when playing in a casino. But I don’t know for sure how and in what words the obligation to require crypto casino users to undergo KYC is written in the very rules for granting a casino license from Curacao or Malta. But I know for sure that in any case, the legally approved rules for working with personal information are the General Data Protection Regulation (“GDPR”), as enacted by the European Commission. clearly establish the third principle (out of six principles), which states that a casino can only collect necessary personal information about an individual to provide the service. And under no circumstances should it collect more unnecessary personal data. This provision must be included in any license. So sometimes wave casino only needs to know your email address and nothing more. And their requirement to send a photo of your face and documents may be completely illegal and excessive. Sometimes it can even be the subject of a legal dispute. But in any case, if possible, KYC in a casino should be avoided in my opinion It seems that they are making it less and less possible, for the reasons you have stated above. In the end this long trend of becoming mainstream little by little increases liquidity to the point that bitcoin becomes effectively money-like. I guess that if casinos accepted deposits in copper certificates, then they would ask for KYC for any copper backed transaction Although Bitcoin is not money per se since it has no commodity backings and is still young for a time-tested store of value. But notwithstanding, it can still be used for what money is used for because it can easily be exchanged for fiat currencies and even be used to purchase goods and services directly. Besides, what is making Bitcoin look more centralised is where licencing and KYC are being applied due to regulation and the cooperation of the companies dealing with it. They have to obey the authorities of the countries they operate or get their licence from, which will in turn require and expose a lot of the crypto dealings by the company and their customers. This has so much influence on Bitcoin transactions as many details could be revealed, but not the Bitcoin system itself. It is just a way for it to still preserve its decentralisation characteristic but without hidden benefits again. For this, it is not the Bitcoin system and operation that is affected but where you use your Bitcoin and what you use it for. |
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You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?
While trading forex, I had a very ugly experience with one broker called exiness. I mean they literally drained me. I never knew brokers have other ways of exploiting or let's say, extorting us. I wasn't taught so. I was taught that brokers make money from commissions and fees but I bet you there are alot more to that. Someone who introduced me to Forex trading later told me to switch to another broker. I did and the loses minimized. It is then I understood that even brokers can be a good reason you win or lose a trade. Select your brokers very well if you wish to be successful on a long run in cryptocurrency trading. If it is possible avoid them totally. Sorry about your bad experience with trading using a traditional broker's platform, that's why we should know the kind of broker we are opting for. Actually, the name of that broker is not "exiness" but Exness and I do not think it is as bad as you tagged it. I had dealt with it many years back but left not because I had any issue with them but because they are a Market Maker type of brokerage and I do not like such a brokerage arrangement in my trading principle. However, the way you complained about it shows that you do not know much about trading and you did not even tell us what the broker did wrong actually but just alleged, which is not fair. And based on my experience when traditional brokers are compared to the exchanges, including Binance which is the most popular, the traditional brokers are still fairer than them for the fear of regulators as most exchanges are Bucket shops unless you guys do not know the evil they are stylishly perpetrating. Above all, if Exness did not scam you entirely, then it might be some fees you did not know existed which could be the Swap (Rollover charges). Though I do not know the exact allegation since you never added it, this is plainly not an exploitation if that is the case. It's in the agreement you signed. |
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Around pre bull run of 2017, this is my biggest mistake. Most of my funds are in Bitcoin, I was lured by these random altcoins and I loss most of them. I realized that if I just hold Bitcoin I will not lose too much.
Now, I already know when to hold and when to sell or convert my Bitcoins, it's like already a lesson for me.
You learn from mistakes and yes it is a bad idea to sell Bitcoin for altcoins. Bitcoin has always rebounded back and has always been the force driving the bull market. It is always advised to hold Bitcoin and not to sell it as it is more valuable than any other cryptocurrencies. Still, people forget the facts and invest in coins that won't have any value in the future. I think many members would have learned the value and potential of Bitcoin through this kind of mistake. Thanks for sharing your valuable experience with those who are still new to crypto. The more mistakes one makes the more one learns. I don't know anyone who decides to sell bitcoins and invest in altcoins. Bitcoin is a strong digital currency where long term investment has very less chance of loss but if one invests in altcoins then there is a high chance of loss and also the possibility of scams. so I don't know who is willing to take more risk with less risk. I myself would never sell bitcoins to invest in altcoins. and whoever does such a thing I think will be the biggest mistake of his life Your points are not just valid and I would like you to know that for someone to have been investing in Bitcoin but later decided that he would divest it and invest in altcoins must come with valid reasons. The reason is often to make more money which I believe is wise. The situation we have in Bitcoin now could be discouraging to people, the price is high and it means that you can't gain more through it anymore. Imagine the person who divests his Bitcoin to invest in PEPE and FLOKI in February, such a person would not make less than 10 times his money, and I see this as wisdom. See, committing our money to an asset is primarily for the money to be gained from it and not for the love of that asset. The moment you start attaching emotions to it means you are less of a good investor, it is wrong. We have to be smart in our crypto investment and make the money while we can. As for the scamming, that's if you want yourself to be scammed. You have to follow the due process, invest in the well-established coins/tokens and you will be fine. Also, considering the long-term investment, one can invest in their altcoins and divests at the right time, and reinvest back at a lower price, so no one is automatically losing here, even Bitcoin has its changes as well. It is all about calculation and smartness. |
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It's heroic of you to speak up in my opinion and I won't pretend that I never saw that accusing thread but I just skipped it because it is none of my business and having alts can't be an automatic sin for breaking the rules of the forum. But let those who have the alts limit it and I do not know the reason why anyone would have more than one alt for crying out loud, if they ever had, it could be annoying and suspicious.
I've seen a reputable member of the forum having an alt and even joined campaigns with both accounts without anyone saying a word. "What is good for the goose is good for the gander," everyone is bound under the forum rules.
As for the case of @komisariatku and @PytagoraZ, it was never proven beyond a reasonable doubt as far as I am concerned, and if it is still within the limit of the two, it doesn't call for any attention.
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-snip-
Do you have some psychological intake or some personal opinion in related to my emotion?
You seem to be mistaking some words as you misused conscience and emotion here, they are used for different purposes in the market in relation to trader's psychology. You might probably want to use instinct in their stead, regardless, traders should be more practical than psychological/emotional about the market. I advise you to always talk to your trading chart and make adequate analysis to weigh the economic data/events surrounding the asset you are dealing with rather than resolving to your feelings alone, this has always put a lot of traders in trouble. Fine, our instinct can tell us something, but have you used the fundamental happenings around Bitcoin and its chart conditions to back it up? That's how a true trader should think, we shouldn't just act blindly based on how we feel. As it is, I will not predict anything serious before halving but just follow what my trading chart tells me even as I manage my portfolio correctly. Yet, the only thing I can see for now since the market is even getting more unpredictable daily is the $67,629 of TrendMagic. The level has been so helpful in making me gain from Bitcoin these days. I easily get between 250-350 pips from it using only that level as a reference point, and with the use of the price action in addition. However, at present, since the market is above the level, I am still bullish today until further notice. |
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A few days back BNB was in the process of breaking its previous ATH but it could not due to the correction. Now it is again at the same price point where it was previously before the short bull runs. Another push will happen in the price of Bitcoin as soon as the halving is over. At that time BNB might break its ATH and it. That is why I think now is the best time to invest in BNB apart from the price gain you can stake BNB and if you have BNB stored on Binance then you can win good airdrops of new projects that will get listed on Binance.
BNB is a very good coin, it proves it in the last bull runs and proves it again, and truly, in the next few months, it could hit the ATH again. The only regret I have about this coin is that I did not follow my mind and plan about it, it would have been nicer for me if I had kept the future trading's buy position I initiated around $200 when Binance was having the SEC issues. I knew the negative effect on the coin would be temporary, but the plan was not actualised well.  I would have been in big money now, but for some kind of fear and avoidable of greed, I closed it and never bought it again. Mind you, a lot of reasons are making BNB to rise, and one of them is the speculation of big investors, which I believe some of them will be within the circle of Binance and its associates apart from the BSC system. You can see how dangerously the coin moved within a month, it was so scary, to say the least. |
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I would like to know your views on BTC and gold: - Are you investing in BTC or gold?
I invest in Gold and Bitcoin since both are useful for traders and investors, you just need to know how to work your way through them. As we know, Gold can't give HODLers enough money just as the high price of Bitcoin now, this is why I primarily trade Gold aside from the physical asset that I have and shun holding it. Nonetheless, I've started buying Bitcoin at around $19,000 if I average all my striking points. But now, I only trade it in futures once in a while since the price is discouraging to invest and hold. As for Gold, I trade it daily with online brokers and I can say it is the asset I trade and earn most from in the financial market. You can see none of them is useless, it just depends on your plan. - Do you think BTC has become more attractive than gold in the investment sector?
Yes, you can invest in Bitcoin at a low price and keep it. By this, you can easily gain x5 of your money in a year plus. But you can't do that with Gold. You are better trading it to earn from it. - Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?
I like to respect people's thoughts and opinions. The experts in the financial market field will think differently about Bitcoin and you can't blame them for it. But these days, a lot of them are now shifting grounds because Bitcoin is now behaving better like an asset, and with the gradual relevance it gains, it is a good reason for them to begin to change their stance. Specifically, about Peter Schiff's regular remarks, I so much agree with him and I must say that he thinks like me. Notwithstanding, every sensible economist who is also futuristic should now be positive about Bitcoin for the obvious reasons around us. |
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Scalping is also a type of trading and it can be called full trading.But it is very risky.Many people do it and profit from it.But it is a high risk process.It is not for beginners at all.It is high risk for those who have been trading for a long time.So I would personally advise to stay away from scalping.
Yes, I accept that if it is full-time trading you are attributing scalping to in your first sentence, and some people are scalping actively all day long. This is one of the reasons why I do not like the trading strategy, it is so demanding and could be tiring, and the risk is also there to say a few. Although it is all about how you plan your scalping trading system and it could even be good for those traders who are busy with their daily jobs, they might scalp when they close for work, and if it is just an hour or two, they can make a good income if they are good at it and also lucky to meet a favourable market condition at that time. One thing that is certain about scalping which many traders say less of is that it is the trading strategy that can earn the most money for traders. So long as you know how to trade it and also manage your way out in it, you can become thousandaire in hundreds of it in a very few months in terms of the profits you gain from it excluding the capital. But note that it will stress you. I think I should even revisit scalping these days, it was a heck kind of strategy the last time I tried it. I made money but the stress was too much. |
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