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8881  Economy / Trading Discussion / Re: Experience in Arbitrage trading? on: September 05, 2019, 05:59:01 AM
Thanks. The link was very helpful. I'm not new to trading but never traded with leverage. It is interesting though.

I suggest not to try traded with leverage if you are new in the normal trading because that will be too confusing for you to decide when you should enter and leave the market. That will be related to your skills so you can determine the right time to open and close your order and you can make a profit. You should learn about regular trading first, like what people did. Until you thought you have enough skills to try new trading, then you can try with leverage trading. Many people fail in leverage trading, that is not because they don't have skills, but they are too greedy to get bigger profit which we don't have to do that. As long as you can get a profit, no matter how much the percentage and that is a stable profit, it is enough to close the order and get the profit.
8882  Economy / Economics / Re: Trade war Influences on cryptocurrency on: September 05, 2019, 04:54:44 AM
If the trade war gets messy, traders will have to short the USD and save their money by investing in something that is more valuable and that won't be affected by the USA-China trade war. Some fund definitely will flow to bitcoin and this will bring more liquidity to the market. We can't be too sure about this, but people will certainly avoid fiat as much as they can.
It will be interesting to see what happens, traditionally investors have used the US bonds and the dollar as a safe haven, but what will happen if those two financial instruments get attacked? Taking into consideration how indebted are the US and other western countries it is my belief that the next crisis is going to be many times greater than the crisis of 2008 and if it is true many will try to find refuge in precious metals, but there will be a minority that will use bitcoin and other cryptocurrencies which is good news for us since the price will have to go up to match the demand.
make sense of your statement. where investors will certainly look for a shelter for funds. Precious metals have been trusted by everyone and have from ancient times had confidence, most likely investors will put their funds there. but cryptocurrency is one of the results of current technological developments, and millennials believe it to be an asset for the long term, I think some investors will run to crypto

Perhaps, the cryptocurrency can be a new solution for the investor to save their money and moves it into cryptocurrency. But they will need to be prepared to see the fluctuated of the price and I don't think that they are ready to see that. But so far, I don't see that the trade war influence on cryptocurrency (or I miss something here). It is interesting to see if the investors decide to moves their assets or money to the cryptocurrency, and that will affect every coin at the market. There will be a big demand from the investor, and that will lift the price to the higher price and who knows, that will trigger the bull run to comes early.
8883  Economy / Gambling discussion / Re: What You Should Know Before Playing A Crypto Betting Game on: September 05, 2019, 01:23:21 AM
It is better to trust people who are often playing gambling in the gambling site than to trust from the reviews because they can use fake reviews to make their site looks legit. Using small amounts for deposit will be better too if you want to check on how good the site so you can feel safe when you continue playing the games. But don't forget always to take care of your money and never use big money to play because playing gambling can risk all the money you have and you have a chance to lose all the money.
For a freshly created gambling site, the reviews will be either fake or paid, which also means fake obviously. If this is my money, I would rather trust my own experience or, in some cases, the experience of my friends and make a decision based on all factors. This is a reasonable strategy that works not only in gambling, but in all aspects of life as well.

Yup, I even heard that the project itself pays some reviews. They hire some people to write a good and positive thing about the project, and that can lead the investor to make a wrong decision to invest in that project. Yes, what you were saying is right, it is better we manage our money with care and always search for more information about what we need.

And related to choosing the right gambling website, I always search on here first before I select on which site I want to use for gamble. I think it is enough if we can read the reviews from here because we've got so many members that will help us to find a good gambling site.
8884  Economy / Gambling discussion / Re: I've lost on: September 05, 2019, 12:23:00 AM

If he wants to go to a professional, then I think his problem will be solved, and he can realize that what his doing is not right so he can start to fix his life to be better. But that will depend on him because not all people will realize and want to visit a professional to solve the problem and mostly, people will don't care about that. People will still play gambling without thinking about their life and the family, and that will only make their life will ruin soon or later. He needs to aware of that and tries to stay away from gambling for the first thing that he needs to do now. And he can start to build some activities or think about the other passion that he might have.
I also thought he does need slightly help of a professional but I believe the OP already has everything under control which is the reason why he talks about it instead of the situation to cause him headache which could lead him to the state of needing professional help. Besides, if you check his account he was online this week and I just hope he learns from his mistake.

We hope so, and we could still help him always remind him not to make another mistake. Yes, we don't want to see he is in the bottom and we want him to rise back and forget about the past. Many of us suggest him to visit the professional that will help him to solve his problem. But before he does that, I think he can do that with his family first before his visit. I guess his family will help him to find the solution.
8885  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the new trend? on: September 04, 2019, 09:21:26 AM
Usually, the new trend will run for some time and cannot stay for a long time. But that could be true if the big exchange runs a new trend, the other exchange will follow because they have the same purposes which are to make money from the crypto. But we cannot say that will always work well for the new trend because only some project that can pass the situations so they can make a profit from the traders and the exchanges itself. But I am sure that the new trend will always come out when the old trend cannot give money for the project, investor, and the exchanges.
8886  Economy / Trading Discussion / Re: Traders who never bother to learn how to trade on: September 04, 2019, 06:38:53 AM
The majority of traders enter this market with the thought that they can make a profit easily and get rich quickly. (Some will probably get lucky, but most will as you say: losing money). Because of such thinking, it is very difficult for them to start from a small amount of money, to be able to draw lessons.

Let them think like that because they will know that if they are right or not. To make a profit from trading is not easy, and they need to learn more and more about trading so they will have a chance to get the profit. But if somehow, they can get the profit from their first-time trade, then I will call them as the luckiest person because not all new trader can make their first profit in the first time. I think they don't need to use big money to trade because they need to make them familiar with the situations in the market so they can trade without a problem. And after they can familiar with the trading, they can use big money to continue trading.
Usually, maybe a lot of case already happen. For people who can get profit in their first time trade, maybe will think "ahh i can get money instantly with this" and then use all their money to trade, luck wouldn't come twice, but analysis can be used anytime. If not use analysis, only need time for they to know if they lose their money. I already meet a lot of people like that.

Besides that, they will think that trading is easy because they can get their first-time profit. But if they don't learn more about analysis, they cannot make a profit again in the next trade because the situations will not be the same as before. There is no way for us to make a profit in trading if we don't have the skills to analyze. That is why even traders can analyze with easy, and they need to still learn to trade because no one knows what will happen in the next days.
8887  Bitcoin / Bitcoin Discussion / Re: Becoming Financially Free With Bitcoin on: September 04, 2019, 05:33:38 AM
if people want to make their investment in bitcoin, they should learn and know why they choose bitcoin for the investment, and they need to have method or strategy how they used bitcoin as the investment. Besides that, they need to have a strong control for themselves, so they don't panic if the market is decreasing like today.
My take on most people that wants to invest is that they really need to learn and understand what investment is all about, and need to understand the difference between short term investment and long term investment, because I have seen that what usually make people panic sometimes is lack of patience, and the reason for this is that they tie the investment that is meant to be a long term investment to a short term investment, and when they do so, they become too agitated every time they monitor the rice of bitcoin, and investment is something they are meant to leave there for a long period of time while facing other things in the market, and checking on such investment should be periodically and not like every hour that people check on their investment.

Most people don't learn and understand what is investment, and they only know the global explanation from other people without telling the details. So they are attracted to invest their money in that program without learning anymore. They thought that if they already invest, that means they don't need to learn more, but that is wrong. They still need to learn and know what will go on in the investment so they can think about the solution if something wrong happens.

People can be panic if they see a bad thing that happens in the middle of the time, and usually, they thought about how to save their money from the lose. That happens too in the cryptocurrency investment, and many people are panic when they see bitcoin price jumps to the lower price and they doing fast-selling without thinking that is only a correction that will always happen.
8888  Economy / Gambling discussion / Re: What You Should Know Before Playing A Crypto Betting Game on: September 04, 2019, 04:29:49 AM
Going to play on a newly established gambling site we are not necessarily at higher risk than when we play on an old and well-known one.  What we must do before registering on a site is to check for reviews and other info. The new site can be opened, for example, by a known and respectable owner of other site, and if that is the case, you are not risking much, registering in this site.
Reviews can be very helpful in making a decision to gamble on any newly created site, but don't trust them much. In such cases, I usually trust only people whose reputation I know well and respect. Well, of course, you need to use small amounts for a deposit, do not transfer large amounts to where they can disappear completely.

It is better to trust people who are often playing gambling in the gambling site than to trust from the reviews because they can use fake reviews to make their site looks legit. Using small amounts for deposit will be better too if you want to check on how good the site so you can feel safe when you continue playing the games. But don't forget always to take care of your money and never use big money to play because playing gambling can risk all the money you have and you have a chance to lose all the money.
8889  Economy / Gambling discussion / Re: Does Martingale strategy increase your chance of winning? on: September 04, 2019, 02:59:59 AM
Although in theory, you can win with the higher probability, in the end, the house will prevent you from winning all of the money, and I am sure that they will block your account. It's not because you cheat them, but you are trying to get all of that money from the game, and I guess they don't like it. The house will not allow gamblers to win the biggest money for a long time of playing gambling because they to get all the money from the gamblers. So no matter how good your method, strategy, or you named it, it will end by losing the money except for people who have luck in the gambling games.
8890  Economy / Gambling discussion / Re: The secret of gambling? on: September 04, 2019, 12:09:25 AM
That's good but as an addition, we have to hit and run not only after winning. After losing the initial money we could afford to lose, we had to stop as well. Because as I know, there are many gamblers who cannot accept loss and even deposit more money to catch up on the lost money as soon as possible which mostly could produce even the worse results.
Sadly, almost all gamblers have the exact same desires that you are describing. Every defeat at the start will arouse their desire to get their money back and even with a higher target.

Perhaps, hit and run will be the best scenario for gamblers to save themselves from another loss. But if we want to use hit and run strategy, we need to have a strong control inside ourselves, so we can stop right away, not look in the next round, never thinking about the chance to win again. I only worried about if gamblers get lose, they start a new round and not think about to stop the game. They are not even thinking about how to prevent another lose and save the money for the next days.
8891  Economy / Trading Discussion / Re: Newbie looking for some strategic advice on: September 03, 2019, 06:47:41 AM
From all option, I prefer to choose number 3 because with using the number 3, you can find any profitable coins for short-term and in this time, we have so many altcoins which could be a good coin to buy and make a profit. But we need to be careful because we don't know which is the right coin and that is why we need to analyze one by one of the coins. That will be too difficult if we cannot analyze with the right because we need to spend more time to find the coins. I think if you try with short-term trading, you need to have the skills to analyze and you need to learn more about the analysis.
8892  Economy / Trading Discussion / Re: Traders who never bother to learn how to trade on: September 03, 2019, 05:40:25 AM
The majority of traders enter this market with the thought that they can make a profit easily and get rich quickly. (Some will probably get lucky, but most will as you say: losing money). Because of such thinking, it is very difficult for them to start from a small amount of money, to be able to draw lessons.

Let them think like that because they will know that if they are right or not. To make a profit from trading is not easy, and they need to learn more and more about trading so they will have a chance to get the profit. But if somehow, they can get the profit from their first-time trade, then I will call them as the luckiest person because not all new trader can make their first profit in the first time. I think they don't need to use big money to trade because they need to make them familiar with the situations in the market so they can trade without a problem. And after they can familiar with the trading, they can use big money to continue trading.
8893  Economy / Trading Discussion / Re: Sold too damn early!! Kicking myself... on: September 03, 2019, 03:43:16 AM
There is no use to regret to sold your bitcoin too early as we don't know what will happen in the next hour. We cannot expect to see bitcoin price will be at the highest price so we can sell it on that price. The bitcoin price at the market will always be volatile, and we cannot do anything with the price except follow the price to sell the bitcoin.

snip
Many traders hold the false belief that you can guess when a market has reached the top and the truth is that is impossible, there are some that can sell at the top but they are the exception and most likely they were just lucky to sell at that point, most traders have to sell for a price below the top, but it does not matter as long as you got profits, however if somehow your strategy depends on getting in and out of the market exactly at the top and the bottom then most likely such a strategy is flawed and it will never work.

Yes, that will depend on their luck if they can hold at the highest price or not. If they can analyze with the right, then I am sure that they can at least predict the right time to sell their bitcoin. But I guess that will not be a problem if they cannot sell at the top price because you still make a profit from trading.

But some traders have their greed to chase more profit by doing scalping, and I see that it is only a few of them that is successful in doing that. The other trader stuck at a high price without a chance to sell at another higher price.
8894  Economy / Gambling discussion / Re: Reasons Crypto Players Skip Casinos with KYC on: September 03, 2019, 02:41:14 AM
Completing KYC in the offline casino will prevent the casino from the money laundering, and they can know from where their customer comes. The gambler transaction, including deposit and withdraw, will be clear from the illegal transaction because the casino knows where the money comes. They can report to the government that their customer is using their money to play, and it's not from the illegal transaction.

But that will be difficult to know if it's happening in the online gambling website because the gambler can use the money from money laundering. The gamblers can buy bitcoin in any exchanges or any sellers so then they can use bitcoin or altcoin to playing gambling.
8895  Economy / Gambling discussion / Re: Gambling as a profession: there's people who live out of gambling? on: September 03, 2019, 12:32:03 AM
The house will be the real winner in gambling, and no one will doubt that. They don't have to play gambling, and they only watch in every gambling table, and the money will come to them directly. That's why their business become bigger from time to time.

The greediness will make the gambler always lose the money in the gambling table because most of them are not realizing about the risk of playing gambling. Although the gambler realizes the risk, the gambler still playing gambling no matter if they still lose. They need to control the emotion that can prevent them for another loss.
Well, that is how gambling system works. The house always win that is there is no casinos that are closing out because of bankruptcy Cheesy.

Gamblers tend to be greedy either they win or lose for some reasons and this is the attitude that they must remove. Gambler knows the risk but they don't care as long as they gamble. They gamble either to have fun or to have quick money but the end result will be only one. Loss.

The casino can use the greediness of the gamblers to get them back to the games so they will play more gambling games and spend more money Grin

Gamblers will forget about their loss in the next games because of their greediness will telling them that in the next round, they will win. But the reality, they will difficult to get the win on another game because gambling game is not given a chance to them to win. So the greediness is something that we should aware and stay away.
Very few get into gambling out of greed, but majority of the users who suffer are the one who try to recover back the loss that's been experienced earlier. Sometimes it feels like we don't want any additional money, just the money that's been spend. In the event of trying for the same loss will be the end result.

When people win in gambling, the greediness will come to them and tell them that in the next game, will be their luck again. So that will make gamblers decide to play one more time, but then the result is not good because they are lost. They keep trying in the second time, but then they lose again.

If the gamblers are aware of that, he will think that it is not good to continue and it's better to take away the money and stop the games for a while.
8896  Economy / Trading Discussion / Re: time to change BTC to ETH? on: September 02, 2019, 05:57:03 AM
The idea to buy ethereum right now is good but that only if you have more money to spend. You can buy both bitcoin and ethereum now as the price is not too high depends on a few months ago. Ethereum itself now is drop too deep, and if you can spare more money, I think you can get more ethereum. But perhaps, you might consider buying bitcoin only because bitcoin is the main cryptocurrency that will increase so high in the future. Although ethereum have a chance to grow, we don't know when it can increase so I think it is better to stick with bitcoin and buy more bitcoin.

If you have skills, I think you can go to choose bitcoin first and make a trade bitcoin pair usdt, and if you can get a profit, then you can use the profit to buy ethereum. That will be good so you can have bitcoin and you also have ethereum, but that will be up to you.
8897  Bitcoin / Bitcoin Discussion / Re: Bitcoin scammer caught tortured and killed. on: September 02, 2019, 04:56:31 AM
That is what he will get if he scams other people who have the power to tortured or killed that person. That person should be killed and will not have a chance to run away with the money because he will get hunted by other people and will try to find where he is. If the reason is because of money, I think people will killing each other without having humanity and sense of life because they don't want to see other people will trick them into getting the money.

That is a sad lesson for us, and that is a lesson for us too. I hope we don't scam other people, so we don't have to be like that person. We need to use cryptocurrency for a good thing so people out there will not think that the cryptocurrency is only for illegal thing but also can be a good thing.
8898  Bitcoin / Bitcoin Discussion / Re: crypto banned? on: September 02, 2019, 03:56:33 AM
Crypto Is Banned In india, but on the other hand court hearing is going on
Crypto isn't officially banned, but it is restricted to be used as a currency. Another thing it is completely on the users own risk, recently a draft was prepared stating that cryptocurrency needs to be banned and the people using the same needs to be sentenced to ten years prison. For this the hearing is going on for months, I believe this will get postponed and postponed for months.

Perhaps, the governments don't want to ban cryptocurrency, but they want people to be careful to invest in the cryptocurrency because the price of all cryptocurrency is not stable and fluctuate. The government wants to warn people about the risk of the cryptocurrency so they can use cryptocurrency with their responsibility. But I think that the government still learning more about cryptocurrency and if they found that the cryptocurrency can help their people, they will allow people to use it and even the government will launch their own crypto coin. Let's wait for their announcement related to the cryptocurrency, and I hope in the end, the government will support the existence of the cryptocurrency among the people.
8899  Economy / Gambling discussion / Re: China Urges Philippines to Ban All Online Gambling! on: September 02, 2019, 02:39:54 AM
Is that not fault pf the Philippines government, china people has no discipline because they all greedy, we know a lot of online gambling operate herein the Philippines is legit but some china citizen, stay herein in the phillipines to operate illegal gambling.
I think not a solution suspension, the solution is banned the Chinese people to enter in the Philippines due to bad reputation of their people.

Not all Chinese people don't have discipline in the gambling game. I am sure they have those discipline, not just in gambling but also in the other field. But I think that what your saying is right that some Chinese people run the gambling business in the Philippines. Perhaps, the Philippines government doesn't need to ban online gambling because that will be too difficult to do, except they block the internet access which contains the word "gambling" so all people in the Philippines cannot access online gambling websites. But that will not stop people from playing gambling as now, and they have another option to visit the gambling websites.
8900  Economy / Gambling discussion / Re: Are you guys started to gambling with cryptos or fiat money? on: September 02, 2019, 01:38:25 AM
With improving their website, they will get more and more customers so that will give them more profit. That is why when the traditional business can transform into the digital business, they can grow their business wider than before. But that's only for the business owner who will want to improve their business and realize that they need to reach more customer.
There are a lot of variables to consider, it's not just everything for the show, and the money will follow. I think the risk of choosing over the development and design over marketing is crucial, knowing that you have a good website, but no one knows about it. I think the goal of businesses is to have more and more people using it and they would be a giant for sure and having the most marketing scheme in place could be a good thing for them.

The business owner will think about that, and they will add some more features to make their website attractive than the other site. Adding cryptocurrency as a new type of deposit will attract more customer, especially for people who are involved in the crypto because they can play gambling on that site.

I've learned from my past, and now, I think I can manage my money better than before. But I don't have much BTC as you though, and I still on my way to save more and more bitcoin as other people did. I know that will be a never-ending road, but I am willing to do step by step to reach my goals in the future.
We all start from somewhere, all we need is a real experience and strict discipline to guide us on the right path. Having the right attitude is important, that's my opinion. How could you say that I have many BTC? I even have a loan to trade-off, and I'm still hoping for a big break. Cheesy

Yeah, you are right. The real experience and strict discipline are what we need to prevent us from being addicted to gambling. We all have a saving BTC in somewhere, and we still save more bitcoin because we want to make a big profit. I hope that we (you and I) can have more BTC in the future Wink

I prefer to use bitcoin than fiat after I know bitcoin, although I only use a small amount of BTC to deposit in the gambling games. I can enjoy my time on gambling game with small money.
As long as you are willing to take responsibility for the probability of losing money. I think if everything can be paid in Bitcoin, I would too, but at the back of my mind, I'm still worried about the usage of BTC because of the volatility of the price. We'll never know.

Yes, I can take responsibility for the worst thing that I might get in the gambling game. But I think we can use BTC for the payment besides of fiat money, but I still more prefer to save BTC and use altcoin for the payment because BTC is too worth for me. But BTC for me is like a new investment which I cannot have in the past.
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