I have noticed that people are advised to gamble with 2% of their income while some said the advised amount to be used for gambling should not be more than 1% of their income.
Trading is not gambling but it is very risky also because most traders are also losing. But with small right strategies and patience, losses can be minimized while profit can be achieved. People think the right strategies starts with the percentage of money used for trading from their income
What percentage of someone's income do you think is advised to be used for trading?
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Recently when bitcoin price was falling, that was the time I read that bitcoin will fall to $60000. I knew it would be wrong but that is even better because I read about a Bloomberg analyst that said bitcoin is going back to zero.
I know analysts can be wrong but what this Bloomberg analyst showed us is more than wrong but also showed us how some people can be literates but illiterates to some things. That Bloomberg analyst is an illiterate to bitcoin price analysis and speculation.
I think this makes many newbies and other people to fear and some might have sold at the wrong price before bitcoin increased back above $80000 and presently at $83900.
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I was visiting an exchange recently and I noticed that the exchange chart of each candles has volume and trading volume. All that I know is trading volume and not volume. Anyone knows the volume is for?
I noticed bitcoin trading volume is very high while the volume is low, but this was opposite for shit coins. The altcoins have high volume but low trading volume.
What is the difference between volume and trading volume?
This is the fist time I have noticed something like this on an exchange.
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This is the link where you can watch the YouTube video: https://youtu.be/-_q8kQrIdXA?si=aYnfr68oglrDSWxNThis is the stupidest prediction that I have even heard of recently. People should stop believing this people that might be bitcoin critics. I think this bitcoin analysts Mike McGlone is one of them. I do not know this man but my conclus is simple. He is not an analyst at all.
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This is the news: https://www.coindesk.com/markets/2025/04/02/bitcoin-slides-1-as-goldman-picks-yen-over-btc-amid-tariff-fearsPlease what kind of news is this? Comparing fiat with bitcoin or what? Only time will let us know that bitcoin and yen are not comparable. It is very obvious that something like this is not what we should discuss as they are not comparable. But the question is if yen will be an hedge against U.S. recession risks? Goldman Sachs recommends the yen as a hedge against U.S. recession risks, citing its historical strength in risk-off environments. This tariff war of a thing may not favour the United States.
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Bitcoin has been following United States stocks in trends like never before. During the election, Trump helped bitcoin to increase but the tariff he is imposing on other countries makes the United States stocks to suffer while bitcoin is part of the assets that was affected.
He started with China, then Canada and Mexico. Bitcoin price fall. He moved to European Union countries and the price continue to fall. The latest he imposed was on imported cars which was two days ago. The market did not react fast but later bitcoin fall again as you can see.
When Trump was elected, it was gold that suffered. It fall from I think $2900 to $2500. My price is not that accurate but the fall was significantly with the price I posted. Later gold start to increase again. It is not moved by the Trump's tarrif because and it continues to increase and hit ATH. Gold is now above $3050 as stocks and bitcoin suffers.
What bitcoin community did not know was that we do not need Trump. Bitcoin was $0.003 in 2009 but it has continue to increase. During Biden/Gensler time that was told to be hostile, bitcoin increased significantly. Bitcoin was approved in the United States.
The reason some people go for Trump is because of altcoins which are pump and dump and not a store of value as they do not get to ATH after they become an old coin. We expected something better but what we saw were Trump and Melania coin.
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Read it from here: https://cointelegraph.com/news/crypto-market-cycle-permanently-shifted-polygon-founderAnyone that believe Polygon co-founder Sandeep Nailwal may lose money when the bear market begins. Although it will be an unrealized loss if it is bitcoin and ATH will later come. But altcoins will fall more and no ATH for almost all of them. It was also that the strategic reserve that United States approved is one of the reasons that the 4 year cycle will be affected. The reserve that only stolen funds that were confiscated will be used and not that United States is buying bitcoin. We should wait for that time first before we make conclusion. What do you think? The bitcoin reserve wanted to convince me before it was announced but how it was announced and crypto market fall because of the disappointment in the announcement makes me think otherwise.
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This is a speculation for entertainment purpose and not an investment advice. But I do not just make guesses, I make analyses before speculating.
We are still going on one more bull market before the bear market will come. What do you think the price of bitcoin will increase to this time?
Are we still going to ATH in 2025?
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I mean this topic from Sandra_hakeem: https://bitcointalk.org/index.php?topic=5536320.msg65208668#msg65208668She could be gambling but possibly after one or two murders, she would have been able to pay back the money she owe but she continued to murder people. Psychologically speaking why relating it to gambling when her gambling is not the reason for her actions. She is a murderer and a wicked person and not because of gambling addiction. If she is not gambling, she would have done the same thing. I prefer this news than what that guy on Facebook is saying: https://www.bbc.com/news/world-africa-59011042Edit: The person did not say the woman is gambling with the money. He said he would probably have paid up her loan but she continued to kill people that maybe she is gambling with the money. He did not say she is gambling with the money. That topic does not belong to gambling board. The woman has a job also. The topic is not about gambling at all.
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Bitcoin has already fallen below $77000 but the price increased back above $80000. It falls below $80000 like two times. Although many times but you can understand what I means from the day candles how it is not more than two times.
Bitcoin is not getting below $80000 for almost 2 weeks now. With what I am seeing, this only means that if bitcoin go to around $76000 again, the price will bounce back. Or the price may not get below that level.
Although some people are saying bitcoin may get to $69000 but I do not think so this time. But be it anyway, expect a bounce back. No bear season yet, it is only a retracement.
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When someone is scammed, why are people on this forum saying it is greed that caused it?
I do not see greed as what that caused it.
The reason is that if someone is greedy but have knowledge and experience about scam, the person will know that it is a scam and easily just avoid it.
But a young person that do not have the experience before will be scammed because he has no knowledge about the scam which makes the newbie an ignorant person.
Ignorance, lack of knowledge and experience about scam is the reason people got scammed and not greed.
It is not good to also be greedy but not the reason someone got scammed.
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He said he wants to buy Denmark. He called Canada Prime Minister governor and called Canada 51st state. You know America has 50 states. He is not in support of Ukraine. Saying Ukraine president can cause world war 3. Canada now saying it is too late that they may prefer imports from Mexico and European countries. You can see clearly that Trump is distancing US from EU. How he wants US to first take over Gaza is not supported by countries. The countries prefer what Egypt proposed and against ethnic cleansing. Watch this CNN video: https://youtu.be/l_w-H7x4FwA?si=HvGiW9TpJAIPopqrThe video is about how US may lose the world power which China and Russia wanted. If Trump is letting the world know that the relevant role US is playing us not longer need, what people have been saying is possible which I think may not be possible is like it will become possible. US dollar may become less useful. All we have seen about Trump is to blame other countries but he has forgotten what US is. Trump could be the start to the reason US may lose the world power.
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User: nakamura12What happened: He created a loan request thread. I want $15 usdt and pay on Tuesday (March 11).
I'll pay $20 in usdt.
Trc20 addy: TTGnoKSwHjj1iWJZQnExbQbSXTSG4Cy56D
I posted this: marbet85 gave you a neutral trust in November last year. It can be seen on your trust page but the user is not in DT. https://bitcointalk.org/index.php?action=trust;u=1726595You first paid half right? But no evidence that you paid it completely and he did not change the neutral tag to something like you have completely paid the loan. Why? He replied that he has paid marbet85 but marbet85 did not update the loan thread. Later marbet85 posted that nakamura12 has not paid completely.But before marbet85 posted, Shasan has already borrowed him another money. I hope he will pay back because he is presently in a campaign but he should not make such lies again. I do not think he is worth negative trust but I think this thread will serves as warning for him.
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I have $5 to spend on gambling every week. But I am noticing something about me which I did intended to do at times l. I visit a gambling site and use all my $5 to gamble on a roulette at once. I have $5 to use for gambling every week. An amount of money that I can gift someone or lose without thinking about.
Is anyone doing it and enjoying it? What can we call it as some people will say it is not a way to enjoy gambling. For me it is fun but sometimes I also think that is it fun? Asking myself the question.
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I have noticed something about me which is very bad. I do not know if other traders have this emotion also while trading. The emotion is that after making the profit I have in plan to make, instead to close other positions, I left them opened until I have no loss, but which is very risky.
Let me explain it better in a way you can understand Assuming I have $10 profit in mind I opened 3 positions The first position profit is $2 The second position profit is $11 Making $13 in profit. I have one $1 loss in 3rd position $2 + $11 - 1 = +$12 I have a profit of $10 but I make $12 which is $2 more But I noticed I will still not close the 3rd position until I make profit. All the positions have been opened before closing any of the 3 positions.
There are many times that what I thought has become a successful trade later reversed and made me not to achieve my trading goals which I thought I have achieved but later reversed.
Is this happening to you?
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Is it necessary to set up anti-phishing code on exchanges? One of the exchanges that I am using reminded me today to set it up. I have 2FA enabled and I see no reason to set any code. I know how to avoid scam and I can easily know something is a scam. Any good reason for anti-phishing code? I always think it should be for beginners and only what that matters is the app authenticator.
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Have you noticed that bitcoin was able to go back above $90000 almost not long after it fall below $90000 the last time, but it is different this time. Are you seeing what I am seeing? It is like $90000 may likely be the resistance now.
I do not think this is bear market. In fact this is not a bear market but just a retracement. Bitcoin will go back above $90000 but what I am saying is that it may not be now and it may take time.
Just a speculation. I may not be right.
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We have seen the traders and analysts predicted that bitcoin will fall to $85000 while some also at the time predicted that bitcoin will fall to $75000. But what happened was that bitcoin fell to almost $89000 and move back up to over $100000 before getting to ATH. The last price move really makes those predictors predictions not very correct.
But after bitcoin increased to ATH, it got above $100000 but its fall back as been very accurate. Later $100000 become the resistance. Later $99000 become the resistance before moving slightly above $100000 again. It fell and $98000 become the resistance. I can noticed that bitcoin is unable to get above $98000 recently.
There is support around $94000/$95000. But I hope this support will not be broken to another support around $89000/$90000 after $91500.
But let me ask a question. I saw on news that bitcoin can fall to $85000. What do you think about it this time?
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I posted that I can be able to make $2 profit from $100 trading capital daily for 20 days to make $40 profit in total but Don Pedro Dinero opposed it that it is not possible.
I proposed $50 bet between him and I and he accepted.
All evidences that I make the money will be shown on this thread. If I do not show it, that means I have lost the bet and I will send $50 to him (Don Pedro Dinero). If I make $2 daily profit for 20 days, Don Pedro Dinero will send me $50.
Don Pedro Dinero have accepted it already on a thread but it would be good if he confirms the acceptance also on a post on this thread.
The exchange that I am using have GMT +8 time zone. I wish to change it to GMT but it can only change for the candle sticks and not the trading PnL stats. So trading starts at 4 PM if this forum time is used.
Warning: Please know that trading is highly risky. Risky as gambling if you check the statistics of traders and gamblers that are losing. Please do not copy me because I have strategies and other information you may not know if I win. Also know that I may lose but we just want to have fun.
Trading with the amount of money that you can afford to lose.
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