~snipp
On the other hand if these guys were known or exposed they won't be doing such stuff. Being anonymous makes this guys do what they wanted. Since, if they commited a crime and no one knows the identity of the perpetrators then they will just do it again and again just like what the government official do. Due to the non-transparent transactions, they can steal how much they wanted to take. If it is transparent then this corrupt official won't even dare to steal a single cents from the government funds that suppose to go to the development of the country. Well I know that anonymity is very important to us, but we also need to know that high anonymity is also not good. And it is true that high anonymity makes way for a criminal to continue to commit their crime. But on the other hand there is also truth in what the OP is saying, when anonymity gets higher then there is no more opportunity for the government to regulate us and regulations could be useless. I think anonymity is OK, as long as we know what we have to anonymize. Actually not everything we have must be anonymous, for me, I will transparency what is not my privacy. Likewise the government does not need to do full transparency, but only what is needed. |
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If the holder of bitcoin is the bank itself, you can still borrow between banks, just like a real bank they also make loans if deemed necessary. So you can borrow between bitcoin holders, but clearly you have to give a guarantee unless you are already trusted. I don't think Bitcoin will be good for loan because investor of Bitcoin monitor it every day to make sure it grow and if anyone give Bitcoin as loan he or she will expect double from the person that collected the loan, and there is a risk of not paying back because u are your own bank, which means if you don't have power the person might run away with you Bitcoin
This is the importance of collateral in bitcoin loans, I think if the borrower gives a collateral of equal worth or above, this is not a problem. Therefore most moneylenders will not receive a loan if the borrower does not provide collateral and may be without collateral if the borrower feels trusted. |
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If you don't want a third party you will definitely choose a p2p transaction. There are many escrow services here and some legendary members who are trusted as sellers. You can buy bitcoin or altcoin on them, of course, choose members who already have green trust. You can trust legendary members with green trust without having to use an escrow service, usually they are already trusted by the buyer. btw, have you never tried paxful.com? |
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I just stoped after my first big win because i thought or guess when i continue and i lose all i getting mad real big !
I was thinking what a lucky guy i am after i has won ! But there was also some losing and i thought just fuck it i wil never play again.
But the question is whether you can stop after your big defeat? from most people they will always chase losses after they have lost before. It might be ok if you stop when your big win, but what if you don't have that big win? Will you continue to pursue that big win until all your money is used up? I myself will stop when I reach the target that I have set, I have 2 targets, namely winning and losing, when I reach my loss target first then I will stop and accept losses then return to betting tomorrow. |
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Well, I think esport is the best choice now because esports is growing so fast. I like 2 games, CS:GO and Dota 2, so I usually choose the hltv.org site for CS:GO and liquiddota.com for Dota 2. But if you don't like or don't understand about esports maybe sports is better, because I won't bet with what i don't understand.
So bet on what you understand, if you like soccer then bet on a soccer match, if you like basketball then bet on a basketball game.
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~snipp
if I lose I will accept the risk, I'm not a weak person, I'm trying to find myself here! Defeat must be paid with victory .. I still remember that someone who is serious will definitely produce sweet fruit ..
#thanks you
The most important thing is not to waste $600 just for gambling. Maybe I would advise you to invest or trade because it has a smaller risk than gambling. You can divide 50% into investments and 50% again into trading. But if I were you, I would choose to invest $ 600 into the top coins. And then I will continue the offline work, in my opinion making $600 in 20 days is already very large and the risk is much smaller than trading, gambling, investing. |
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~snipp
Accepting defeat give you an opportunity to think over again and modify your strategies and model you are following in gambling. This works pretty well and is regularly practiced in business world. You lose big and you look back to see what went wrong, work to restore it again and the odds of making it to the top popup. This is why it is vital to accept defeat. Indeed defeat for me is very important, because with defeat we will know what is wrong from the strategies and decisions we make. Especially for newbies, a newbie needs more losses because every loss they will get experience, but unfortunately a newbie does not realize that their defeat is important. And maybe only a pro gambler is difficult to accept defeat because they feel too confident with the abilities they have. They will always pursue their defeat until it becomes a victory, this is what we must avoid, overconfidence makes us forget that self-introspection is important. |
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If we look at August 5 the bitcoin candle does look green in succession, but I think it's natural because bitcoin is trying to break resistance. Or this is indeed the whale that drives bitcoin to break resistance.  And let's look at the current BTC, Bitcoin looks still quite stable in the resistance area and I'm sure tomorrow there will be a very significant move on the BTC. But whether the movement will be good or bad, from my analysis it will be a good move if the whales really try to pump bitcoin.  Why does it always have to be manipulation? This is really sad. Every time people see the price rising, there are always some group of people that starts on screaming price manipulation. Yeah, manipulation does take place, but this is not how the manipulation works. In manipulation, we see sudden rise of the price and then sudden drop with just within few hours or days. Right now we are seeing stable price rise and the price holding their position for a while (the recent small dip was probably due to price correction which is normal). There is no indication of price manipulation over here.
Why always manipulation? Yes, because this is a decentralized market, there is nothing to regulate here, only those who have large funds can influence the market. The popes have many ways to manipulate, they are free to do it directly or gradually, sometimes they do manipulations gradually every day. |
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You can try Coinigy, I think this is a charts service that is almost the same as tradingview but unfortunately I have never tried this. I still like tradingview as my main charts service. Tradingview is good to analyze the charts, and you can see many tools you can use to analyze. Sometimes I use tradingview too, but I use bitcoinwisdom too besides using the chart from the exchanges. But usually, I think it's enough to use the charts from the exchanges because we can see the real situations of the market so we can directly to decide. Maybe the other people will use the other chart as they will have their own favorite charts to analyze the market.
Well tradingview is the best in my opinion with all the features that are very complete. Although sometimes I use cryptowatch too, tradingview remains my main charts service. And indeed, if we want to analyze the real market it is better to use charts from the exchanges where we trade. It is only a matter of our trading perspectives and needs, sometimes what our trade needs and standards are not the same as those of others people. |
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I think this is the right way for walmart, they can't lie that the need for blockchain technology is very important in business especially they are one of the big ecommerce. They certainly do not want to be left behind and overtaken by rival ecommerce since Facebook plans to launch their blockchain coins. Well I think this will bring new impacts and changes in the future. I can tell you now, the US Government is going to stop these "Private" coins, before it takes off with every company having it's own token and competing with the Dollar. A lot of these companies are global and their token will have a impact on the local reserve currencies too, so you will get push back from the smaller governments, because a foreign currency are used by their citizens to buy goods and services in their country. Imagine Wallmart only accepting the US Dollar for goods and services in another country outside of the US.  I think the management of Walmart has thought about that, so they know what needs to be done to deal with the US government. Even so the US government can not unilaterally stop tokens that Walmart will launch, they must have a clear reason. Walmart only needs to meet the requirements and rules according to US regulations for the launch of their tokens. |
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are you guys still waiting for the next cryptocurrency market cycle ? or some of you just accepted your losses ?
Why cut losses now? Isn't the market condition getting better if we compare it 3 months ago? You should cut losses when last year where bitcoin fell. I think it's wrong to have to cut losses now, it's better to be patient and wait for the target in 2020 because I'm sure the price will jump even further.You will not be a pro trader if you cannot maintain your trade, indeed not all must be maintained but I think you are wrong if you have to cut losses now. |
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The technical analysis itself is a method of capturing and predicting the psychological mood of the market. One great example is Japanese Candlestick which is used to predict the bullish or bearish mood of ĺ market. But that won't help in an unregulated market like cryptos.
Stock/derivative market is strictly regulated. Which means it reacts based on certain set of rules. There is no such rules exist in the crypto market and that's why it is easier for the whales to manipulate the price. The same is not really possible in regulated stock market. So it's nearly impossible to get a psychological mapping of the crypto market at this point of time!
It will become a possibility only if the world crypto market comes under a single regulation and follows a certain set of rules. But I don't see a possibility now!
Well it is true, Technical analysis always correlates with fundamental analysis and psychological analysis, we cannot ignore all three. Sure enough in Japanese candlesticks where when we pay attention to the candlestick going up and down then we are actually paying attention to the psychology of traders in the market. Maybe the crypto market will be more difficult to analyze because the crypto market is more manipulators and does not have a single rule like the stock market or forex. |
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When you sell it early it means you don't understand how the market moves. Same with me in the past, I also do what you do when you feel bored with the price that continues to go down I sell it and after a few days / hour the price jumps up.
At that time I tried to find out why prices can jump when I sell, when is the time I sell? and I tried to study market movements with charts. Well it turns out that everything can be analyzed both chartically and fundamentally, at least now I'm not as stupid as before. And I don't think need to write a journal because this is not a college assignment.
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~snipp
Lol. I don't even think lotteries should be in the same discussion as investments 😁 any sensible person would know there's a world of difference there. And it's almost impossible for someone to win major lotteries once, what are the possibilities of winning multiple times? I've heard stories back in the days of how lotteries can be rigged through magnets inside the lottery balls. I'm not so sure how that can work now. Haha I think the lottery is gambling and gambling is not an investment even investment is not the same as trading. And it does sound strange to win the lottery 12 times in a row, even that is impossible for me. If that's true, I'm sure people who play the lottery have understood the lottery rules on the site or know the bugs, like in online games, I find a lot of youtube videos that explain bugs to get jackpot items in the game and I've tried it myself, maybe he does things like that. |
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I know there are some companies that have option to give paycheck in Bitcoin. Personaly I wouldn't like that. Bitcoin is too volatile and I like to know what amount of money I'm entitled to. Also, I have some fixed expenses every month. I still prefere my salary in fiat and after all expenses are covered I can decide how much of leftovers I will turn into Bitcoin. This is much better option for me.
It is true, when viewed in terms of its effectiveness, fiat is superior to bitcoin. Bitcoin is known as a digital currency so it is more suitable for online transactions, not payroll. I understand we all want higher adoption of bitcoin, but we cannot rule out fiat, fiat also has an important role here. Bitcoin and fiat in my opinion have their own privileges, and bitcoin is not suitable for paying salaries, I hope they understand that. And I also agree with you, when all dependents of daily needs are met then I will invest the rest in bitcoin. Fluctuating bitcoin may be more suitable for long-term investment or daily trading, but it is not suitable for paying our salaries unless we accept with all the risks the value will not be fixed. |
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Thank you for a summary of threads that are very useful for beginners or advanced. I hope you can update this thread at any time if there are new threads that are useful. I will include this thread in my useful thread list. It would still be a waste if somehow this thread got buried deep under the spammy threads out there. IMO index thread like this should be pinned if it's really worthy, and to stop (or at least as the basis for) people keep creating the same thread over and over again.
My local board has been doing that since a few months ago and I can say that we've made good progress with that.
We cannot ask mod to embed this thread and even though it can, the possibility of this thread being pinned by mod is very small. The most effective way is from us, we save this useful thread and reshare it when there are members who ask something relevant about this thread. |
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I've seen it happen a million times. It's always the same, none of them did any due diligence, they got into Bitcoin because they heard it on mainstream news and have no long term notion of time. Those guys should have never been involved to begin with, they most likely have legitimate gambling problems What kind of due diligence do you refer to? Perhaps the purpose of due diligence is the ability to analyze, indeed most people rarely do complex analysis when they want to buy a crypto asset. And I agree with you that there are many random factors that might complicate the due diligence, but at least with due diligence we have an idea of how prices will move even if it is not entirely accurate. Due diligence is good enough rather than just relying on news, tipsters, and any strategies that are not analyzed themselves in a complex way. |
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If anyone is able to recruit referrals who are actively betting,this is the most effective way to always be in profit in gambling.This is very hard to do but professional marketers may do this for you at a cost you have to pay,they know where to get gamblers but they don't promise activity so still it remains very difficult to achieve this.
Recruitment or affiliation is helpful to get gambling profits. It very easy to those who have friends and families that are gambling addicted and rich who can bet in gambling. But for me, it is very difficult to have affiliation or referrals since recruiting players or traders are very hard for me to do. Because some of my friends do not play gambling. Actually it is not too difficult to find affiliates, in my country there are a lot of people who become affiliate marketer, they have a unique way of finding people. The trick is to build a community, the meaning of the community is to build a discussion community that is useful for many people of course you must have more abilities in the community, so people will believe in the strategies you teach. So from there you can invite newbies to join, newbies usually do not know about this affiliation, they are just looking for the right strategy. |
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Bitcoin unged downwards after hitting around $12,200 at coinbase. The four hours charts were showing overbought and as a technical analysis trader, I have to sell off my trade at poloniex because the market would not have gone up more than that because of the technical setting. Bitcoin has been finding it very difficult to remain above $12,000 since it hit $3880 early July and that is because the volume can not sustain the price at that level.
And at that time the position of Bitcoin was on the resistance line and bounced back down. Indeed selling is the right step because in my opinion it is also unlikely that bitcoin will rise more than that. So now we wait until there is a new bitcoin signal, I will monitor in the support area and buy it again. |
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Considering the gambling addiction ratio in a country is increasing rapidly, what are the best possible solutions the citizens or government of that nation can implement to deal with the problem. Before you jump right into suggesting, the government should ban/tag gambling related activities as illegal in the country, you should understand that running away from a problem don't actually solve that problem. Beside proposing a ban on gambling only encourages the citizens of that nation to gamble illegally.
Don't ban them for christs sake. Make money out of them. They're probably used to throwing away large amounts of money anyways. Tax them higher. As professor hulk says, its a win win situation. Casinos would now have to increase fees and gamblers would have to also adjust. You can't really control people's wants and needs to gamble, so make it a little difficult and inconvenient for them with high fees. Plus you add considerable amount to your government's funds. Maybe that's the right way for casinos in the country. But now gambling is also modern, where they can play gambling online. And gambling sites are not only located in these countries, but gambling sites can be accessed internationally. Is it possible that foreign gambling sites will comply with regulations in that country? of course finally have to apply kyc. But I think that method will not work for online gambling because the government has limited regulations in its territory. Maybe this will work if governments around the world have an agreement to tighten gambling, so gambling regulations will apply internationally throughout the country. |
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