Since bitcoin promotes mostly anti-government, banks, etc.
I am wondering; Do you trust bitcoin holders?
I think the word "anti-government" is not an appropriate to use here, I mean I dont think that bitcoin is build in order to oppose government banks or what itd just that we could clearly see that crypto currency or bitcoin rather is a strong currency and a good innovation that could "possibly" replaced traditional banks, yes there's a lot of bitcoin holders or bitcoin enthusiast want traditional banks to be replaced right away but in reality it is a big changes, it is big that if not planned carefully the banking system or financial system of the world could be in chaos, for me I dont want banks to be abolished I just want that bitcoin can be recognized world wide and be used world wide like how can we used traditional currencies, so yeah I do trust bitcoin holders because why not? I'm one of them, but of course not all of them, as I don't know them personally. |
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I've a friend of mine who always complain that ever since he started gambling he haven't won a good amount, instead he'll be winning less money than what he expected but he can't stop. So I'm asking what do you suggest he should do at this case. For me I told him that he should know that gambling it's a game of risk and luck, but with the constant betting you might win the amount you've at mind someday. So what are your suggestions towards this. Ask your friends what their purpose is in gambling. If your friend is gambling to make the money he wants, then he should be aware that he will lose money. If your friend gambles for fun, then losing money due to losses is normal for him without having to complain about why he can't win a lot. From the beginning of the story, I know that your friend is a gambling addict who continues to chase his luck to win money. Gambling is not made that way so his mindset must be changed so that he can ultimately become a responsible gambler. Don't chase the money and the wins, but get pleasure from it despite the wins and losses. True, I also think that the friend of OP is aiming for a good profit through gambling which is we know is difficult to achive or maybe impossible unles you are a lucky one, but from the looks of it the person is gambling or continue on gambling because he still cling to the hope that he might win a big amount someday, but I doubt that he will stop there, I dont want to judge but it looks like if the gambler that OP said will win a huge amount I'm sure he will still play gambling until that winning amount will be gone again, I currently also playing gambling and just for fun so I have an allocated funds for that and I said to myself if I once hit a really big jackpot I will limit or totally stop gambling, instead focus on making that win grow even more by investing or building a business, you friend OP should have a mindset. |
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The first question is, are you sure? I mean, what is the purpose of you doing or entering trading? I know it's obvious that you want extra income or to earn a lot through trading, but I hope you know how risky and dangerous trading can be. I'm not trying to discourage you; I just want you to know the risks you will be taking.
Next is: do you have prior knowledge and skills in trading? Ok, maybe just some knowledge of trading? Because if not, then I would recommend that you gather more knowledge and tips about trading before initiating a trade, or as a good practice and experience while learning about trading, you can open a demo account on a trading platform so that you may execute what you have learned. It's up to you to polish your knowledge and skills in trading. There are a lot of resources out there on the internet; you just need to be patient and resourceful.
Lastly, train your emotions and mindset, because weak emotions and mindsets could affect your trade, especially if things are not going your way. For sure, at some point you will experience a loss and might commit more because you will let your emotions take over.
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I think what you said is clear enough for everyone to understand because everyone does not have to sacrifice their main job which has long provided them with an income in order to live. Because trading in the crypto market can actually be done at any time when someone is ready to do it, although it would be even better if when trading, the market conditions are also in good condition. But the main job that can continue to provide income every day or every month should not be ignored because with that we can develop more jobs in other fields including trading. It's actually good to have job and at the same time trading. I know a lot of people who only do day trading but they have good profit, though it is really depends on the trader what fits for them but personally if I have job. But I also know someone who leave their job and become a full trader, the risk here is that you'll lose a consistent source of income and if you rely on trading which is not always winning, it's risky to lose your job but if you are confident with your trading, I don't see reason why you should stay at your job. I agreed with this that having a stable job and at the same time exploring, polishing, and also earning in trading is much better. I get that not all people with stable jobs could focus on trading and utilise the profit, but it doesn't have to be that way. There are many kinds of ways of trading, and one of them is day trading. Personally, I do day trading, but of course not every day because sometimes it will exhaust my mind from work and trading, but I can't let myself let go of my job to focus on trading. I know how stressful and hard trading is, and I can't take it every day, so it will depend on the person on how strong he has and how he will utilise to gain profit in trading. I don't get it. What is the OP up to or saying? How could a person have money without working? Of course, a person who wants to try trading or earn money through trading should find a way to have capital, and having a job is one of them, even part-time or what, or even doing an online job. The end point is that you need a job in order to have money. |
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I beg a pardon if a thread like this has existed here.
I have been around my gambling friends and I have always acted to be 100% sticking to my gambling budgets such as how many times, a specific time and how much to spend on my gambling.
Once awhile I actually breaks that budget but though it does not affect my daily life and my bankrolls.
I literally claim this righteousness on my friends who are running out of their emotional control from gambling and psychologically I expects them to have me as an example whom they should emulate from in other to be recalled and take back control of their emotions while gambling.
Does any of you guys have any negative side of gambling habit in you which literally you advices anyone not to exhibit it?
Or can you afford to hide your real disreputable gambling life just to help an astray gambling friend or relative?
If i am actually required to put on such a pretence attitude in such a way that I can help a friend get free of their hurtful behavior in gambling, I can do it. I am good in acting and I will practically act righteous in his presence so he can learn from my example but when he is not around, I will go back to my normal gambling style. I don't have any negative gambling habit, people that have such habits lacks self control. But the thing is, you are not showing your true self. I mean, yes, OP maybe is not affected by his gambling, even though sometimes he is going overboard with his budget or limit in terms of funds in gambling. But the thing is, you are still negating your limit, which is not a good indication because at some point you will feel the effect of excessive gambling, and sometimes you are overextending your budget, which means it can accumulate and you will feel its effect eventually. I get the intention of OP to make his friend follow his disguised attitude towards gambling, but the question for yourself is, do you think you are worthy of that? advising them and educating them not to do excessive gambling while you are breaking your limit? I get that not all are perfect, but the fact that you know yourself and that you sometimes break your limit means you are also subject to becoming what you are teaching them not to do. |
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The man had to admit his big mistake to his parents. After all, it was his mistake that had made his parents very angry and perhaps unable to accept his mistake. He must be able to return all the money in whatever way he can to regain his parents' trust again even though his parents may find it difficult to give him their trust. But the man should have done better so that his parents could trust him and this was a difficult thing because he had to be able to prove it to his parents so they could trust him again. It will be a matter of time and in the meantime, he could do a lot to restore his parents' trust.
I think this happens almost everywhere, for example my friend, he sold all his parents' assets without his parents knowing, until in the end his parents found out that they were very disappointed to see their child's behavior so far, they thought they were good children, but In fact, it actually hurt his parents, even though my friend was a good person before, maybe because he was in the wrong company, his close friends taught him to gamble, which made his life chaotic and had to lie to his parents. But luckily he realized that after getting advice from his friends including me, he was finally honest and admitted it to his parents so that finally his parents were willing to understand him, because every human being must have made mistakes and his parents wanted to understand that, finally slowly all the assets he had sold previously bought again just to prove that he really changed completely and doesn't gamble anymore, this is where we can learn the lesson that never gamble using other people's money, especially our parents' money, even if you feel like gambling, it's better to work and look for side money to gamble. because it's better than using parents' money. We have seen this happen to some of our friends and even experienced it ourselves. But we can't do anything because it has happened and we can only admit that it was a mistake we made. We must be able to prove that we have really changed and don't want to do that anymore and we must not stop until we gain the trust of our parents. Trust is difficult to maintain, so we must guard it well and not violate it. By always maintaining that trust, we can correct the mistakes we make, and slowly, our parents will give us trust again, and we have to really look after it. And we also have to remember that trust is hard to earn. I think the only will remain or be fixed it the mistake and the anger of the parents but trusting their son again just like that, I don't think they will ever do that again, maybe in terms of saving the money to the son's bank account, they will still trust him but not in terms of money, the thing is the parents know that once a person become addicted to gambling and use the money of others or even thought they know the importance of the money and still use it then it will be difficult to trust the money on that person again, imagine the son know how important that money to his parents and still manage to lose it all, I know the son is regretting but for the sake of the parents money and if I were the parents I will never ever trust that son again in terms of money or savings because if he does it once for sure there will be a point that he will lose control and spend it all again. |
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This question came to my FYP on X and I could relate because at a time in my life it was the lack of knowledge of not knowing how to trade that was holding me back from making profit until I started learning how to trade from my mentor and I can make some profits when I get my reading of the market right. I also had the challenge of getting capital that I can use for trading because I was depending on my trading profits until I got to know that trading needs a trader to have other jobs because you can not only depend on trading profits when you do not know how to trade excellently. Other traders are having difficulties in trading because they do not have the right information that they need to become good traders or because they lack the capitals.
What can you say about this two problems, how will you advice a trader that is suffering from any of this problems or how did you get out of the problem if you had suffered from having lack of capital or lack of knowledge. Which of this problem is more common among traders?.
I think the least problem will be capital, I mean yes even you have the knowledge and skills but if you dont have capital then there's no point to it, but the thing is there is a lot of way to have a capital even just a little amount, imagine you have capital or funds to be used but you dont have any experience or knowledge and skills in trading then what's the point right? You're just wasting your funds. That's why, for me, knowledge and skills are the most important things to hone or polish before entering trading. The funds come next. If you are confident that you can earn in trading, you could do part-time jobs, or if you have any other way of earning, then that is great. I know some will disagree, but for me, that is my stand. It is a waste of funds or money if you don't have the most important things in trading: knowledge and skills. |
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Unbelievable then he must be rich. If someone has got a 100% winning rate in trading, he'd know the side by side situations of it and that's fair to him to think about it because it's actually hard to trade and win from your trades. The majority of the traders are losing and not winning.
The guy has 15 years of experience? so he basically cover stocks and forex markets? @OP did you asked him how much he's making from that $500-$1000 position? or how much usually he makes from that amount?
I think 100% every day is a little bit exaggerated to OP, but with that 15 years of experience, I believed that his friend really is earning a good amount of profit every day and must be rich right now, but a perfect 100 every day is, I think, impossible because even an experienced trader will also make mistakes or miscalculations unless that is a robot or what, but yeah, I make mistakes or miscalculations unless that is a robot or what, but yeah, I do believe that that person is earning a lot through futures, which is, as we know, a very risky and difficult form of trading. Damn, I wish I could have that knowledge and experience and earn a good amount of money every day. If you are lucky, OP, make him a mentor so that he could pass it down to you all he knows, and it will be a big benefit for you for sure. |
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Do they make more profit than digital banks, CEX exchanges, etc.?
It could be, gambling whether online or offline, is already a billion dollar business. You just have to look at this forum and see that there are casinos born maybe every month as a business to at least get a piece of that big pie, just a slice and it will be more than enough to make money. As compare to let's say a crypto exchange, there could be traders around, but it takes skills and technical know how just to make a decent money. Unlike in gambling wherein, some individual from Asia to Africa started to create an account to a online casino and then deposit crypto and starts to play, easy like that and then you have one customer, one potential customer that can get addicted. While casinos can without a doubt reach a larger audience, as anyone can understand the rules of their preferred games in a matter of minutes, at the same time I think the money that goes into exchanges is many times higher, and this is because most gamblers are indeed responsible, so they only bet a small amount of their income, however traders use a great part of their wealth when trading, so even if there are less people using exchanges, they bring way more money with them. Well I think both field has the good benefit in terms of profit, especially now, many people are being interested and being influenced in online gambling, so that I think thats the reason why there are many new online casino are being add up because they can see the opportunity and the trend but of course the profit will be based on how will the online casino to be advertised and if they can satify the customers, meanwhile in exchange right now airdrops or tokens are being popular especially those exchange that is raising a project or testnet where new users could have a chance to get an airdrop by the exchange so that they could earn, with that marketing strategy right now I think exchanges will also have a good profit from it, thats what I have observed for a few weeks so I think both could be a good investment but of course always remember the risk. |
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If your dad's mindset was like that then, there is a good chance that you will persuade him to invest in bitcoin because you can see his interest in that matter. if at that time you already have the ability and deep knowledge when it comes to investment, you and your dad are definitely talking about bitcoin investment. it's just sad but it's not too late, you can still help him if he wants to or you'll be the one to continue doing things he didn't do before. Yes maybe it is not too late for the father to be influenced and invest in bitcoin if the son will initiate to invest together in bitcoin but the thing is I think it will not be easy because the father will be more hesistant as for a few years he has interest in bitcoin but never actually investing to it proves that the father maybe is too afraid and reluctant to investing in bitciin which is understandable, but yeah it is not bad to try, as long as bitcoin exist there's always a chance and timing to invest into it and actually earn but it will depends on how well the person understood the investment he will enter in, also it will be a good bonding for both parent and children if they have the safe interest as they can help each other, anyway it is not too late if you can try to pursuade your father I'm sure he will be interested again. |
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traders are trading BTC/USDT to accumulate BTC. the stablecoin is what it's used for, traders sell the BTC for a higher price in exchange for USDT and then wait til the price drops which they accumulate satoshis. it could be easy to look at it this way and one could think you get to be rich when you master doing this. i do believe so but what you need is also time and patience which not everyone has.
I agree with you that they tend to do this, trading to increase their portfolio value, to increase their bitcoins but the reality is opposite. They trade too often and even when Bitcoin volatility is not high and they get familiar with low volatility as their normal standard. With this feeling, when Bitcoin suddenly to rise sharply, they will sell low and buy high. This trading style will cause them loss of their bitcoin and it's not what they intend to do initially. I would like to say, they should trade less, hold longer. I think maybe many of us have thought about this and even tried it, and I am one of them. But to be honest, it was not as easy as we thought, and as a result our bitcoins decreased instead of increasing as expected. So I think holding and trying to find income from work sources, and then applying the DCA strategy is the best way to increase the number of bitcoins. Trading is never as easy as we think, if it really was that easy it wouldn't be our turn to do it. Lets make it simple, trading is not for everyone and for someone who cant utilize trading or maximize the earning for trading then its better to focus on holding bitcoin and yes it can be done using the method of DCA which is even the price of bitcoin right now is so high you can still own a fraction of it and earn by holding it either long or short term but its more practical to hold it for long term so that you could maximize the potential profit, because its more less risky of losing money in holding than trading because it will require a lot of patience, knowledge and of course experience so if you want to truly earn with ease in bitcoin then its better to consider doing DCA, even now I still do DCA but sometimes does trading but day trade only, because I experience doing scalping and its a hassle trully. |
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Although some woman are strong but majority of the woman population have weak emotions and that is why I feel they will easily give up on gambling because they hate to continually loss and the second point is that since women have weak emotions, they can easily get addicted to gambling and can often practice revengeful gambling.
I agree with this. Emotionally strong women are rare on the face of the earth, and normal women tend to be weak emotionally and they can't bear a lot when it comes to things such as losses. There are a lot of differences in the natures of a man and a woman, and these differences make them have different views and thoughts regarding gambling when they are involved in it. A man in general would be able to have more control when they are gambling, they might be able to stop when they are losing or stop chasing their losses when they see it's not possible, but women will barely be able to do that because I have seen women losing way more than they have initial lost only for trying to recover their initial losses. I disagree to this, the thing is that if you will search about statistics on who is more prone to addiction, and its clear that men are the one who has the most to be addicted in gambling, there are mang reasons but the conclusion is that men are more on wanting to play or to entertain and gambling is one of them, unlike women who prioritize other things and less in gaming or playing, although I believe that both gender are prone to addiction and we cant say that its because women are more fragile when it comes to emotionally that means they are most likelt to be addicted or to lose money, a big no, it will still depends on the person itseld regards wether he/she is a men or a woman. But yeah, based on the statistics and studies, men are more likely to be addicted to gambling. |
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That's why it is important to explore the platform first befor you play and deposit in it to avoid the inconvenience and you could have the assurance that your funds will be safe, for instance if you can do KYC before deopsiting then its better, and its much better if you will comply with KYC first so that withdrawing money will not be a problem, but if you saw that the casino will require KYC before withdrawal then it will be so suspicious and from there you should be wary and will avoid that platform, I'm not saying that they are scam but the thing is it will cause some inconvenience for you if you will be instance that you cannot withdraw your funds or money or be locked up. Its important to be wise in this days because many people will make a way to take advantage to the other people.
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Whoever does anything in fear might end up making wrong decisions, and regrets their actions, because whoever rush in will rush out with great loss. Patience is what really matters in trading and we should not allow greed allow us make hasty decisions when trading.
Rush has made a lot of traders make great losses, which assuming they didn't make such hasty decisions, they would have been able to manage their losses. Also don't enter the market when you don't understand the market. Risky business like trading needs time. Newbies rush into trading and rush out after they have lost it all.
This cant be helped, it is a common mistake of traders now a days, as many beginners has influenced by what they are seeing in internet or social media platforms about traders or influencers who promotes trading showing their luxurious life and making trading looks easy, thats why it will also give an idea and hope to the beginners that they will eventually attain that luxurious life if they trade and trade which is not, thag is a misleading what of influcencing people in trading, I also experience this kind of rushing and losing money, because I hope that someday I will hit a big jackpot but thats not the case, in trading every earning no matter how big or small is very important you just need to accumulate it and minimize the losses in order to have a good profit. Patience and hard work are a must and important in trading. |
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I have good knowledge with crypto future
I get signals from groups on telegram
But i got idea to make profit daily
I choose some coins potential raise and open long positions on them and hold
For day until i get profit.. Is this good idea or let me know if there better idea
I don't think this is effective when you are fully relying on someone's signal. What if they don't provide any more or they will start becoming unprofitable? I highly suggest you also learn even if you are relying on them, just learn because you will adapt it, and will be helpful in your trading. True, not all signals are meant to give profit, not all analysis will guarantee you a profit, and it is wrong to only rely on others signals without knowing why they came up with that analysis or pattern. The thing is, yes, you could earn in trading using day trade, but of course, don't expect that you will earn always because there is no 100% in trading. If you are really good at trading and have a lot of experience, you could make a profit daily, but based on your experience, you are only relying on the group signals. What if what they gave you is meant to lose you a lot of money? Will you blame them? I do not discriminate against your group and their signals; it is just that you should not be too reliant on their signals alone; you should know how to come up with an analysis by yourself. |
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This has been discussed many times in this section and like what I'm answering to the same topic, I think if you want to gamble using your own salary or you don't have any other money than your salary then I think its better to do percentage, it will depends on what percentage of your salary you can use for gambling, bear in mind that you should consider that percentage of money as it will be lost, we know that there are no certainty in gambling and based on what you will play the odds of winning might be little, so measure and balance it for yourself, if you know you can't afford to lose too much many then allocate only a small portion of your salary or if you'd like find a side hustle so that you can support your gambling hobbits, in that way you will have more funds to enjoy yourself without worrying of affecting your financial state.
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Have you successfully influenced someone to invest in bitcoin ? What was the final result, did they thank you later for this ?
Yes, a few of my friends from college, and right now some are doing well with their own investments or the things they are doing in crypto currency, not just bitcoin. Bitcoin is just a mere start for them to explore more beyond bitcoin and to utilise other currencies or projects that have the potential to give them a good amount of profit or return. Yes, of course. As a matter of fact, because I influenced them, we are now sharing different things or knowledge about crypto currency; we share everything. For instance, if someone sees a project or ways to earn in crypto, then we will all help each other in order to also earn and gain from it. It is the best feeling if you know someone who has the same interest or field, because you will have a companion that you could be with, but of course I only pick those who have the will and guts to learn about crypto currency. |
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You dig to far with your wild imagination I like that, but the very simple answer for KYC requirement is to ensure that they are not serving a minor.
Lolz, that's still part of it, but I like the fact you said "the very simple answer, simple answers aren't always the best answers if you will agree with. And you also will agree that kyc have not stopped minors from gambling, many online casinos are still serving minors without knowing, even when they ask the minor to kyc, he or she still can used the document of his or her older relative or friend to pass the kyc verification. Anyways, thanks for bringing such an interesting discussion to the forum this beautiful Saturday. 😎 Of course, anyone can cheat the KYC even the minors, but at least the casinos are doing their job on the verification process. If the gambler (minor) lied, that's up to him, it's his responsibility anyway and he'll have to face the consequences of his action. So with that, it's also challenging to ensure that the gambler is the person who verified his KYC. I haven't verified in a casino yet but in other platform such us exchange or our local wallet, there's this selfie with my ID when I verified, like a live selfie, so I guess that woudl help if the casino will implement the same procedure. That's why KYC are becoming more advanced and adding more layer of security because there will always be a way to cheat or to bypass the process in KYC, KYC is a very important aspect right now in most of websites that involves in money and especially in gambling sites, just like that if a player is cheating then with KYC then the websites could see who is the accountable and will be punished, that's why I dont know why people are reluctant to KYC if they will not do anything bad or anomaly because if they are not going to do anything bad then why would they dont want to comply in KYC. For me KYC is not a problem to me, because it will serves as the security for both customer and the website and I will not do anything bad that why it will not a problem to me. |
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It is a sad reality, but without KYC, an online casino cannot operate anymore. KYC is part of the regulations for a casino because we know how online casinos are being used for bad deeds or malicious intents. That's why, as part of the security of the casino and its customers, they need to know their customers. That's why, as part of the security of the casino and its customers, they need to know their customers so that it will be more tight and strict when it comes to approving those customers. So either you will comply or you will not use the casino, and if you want a casino without KYC, then good luck because there are only a few of them. And for your security, I suggest that it's better to comply than to risk your funds in a casino without security for their customers, so we need to accept the use of KYC.
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We know that at some point bitcoin will reach its limit, I'm talking about the maximum bitcoin that can be mined, and we still dont know what will happen after that, but for me as a bitcoin holder even though I sometimes sell some of my holdings because I need to buy something or for emergency, I will still continue to hold and hold until the time where we can see what will happen to bitcoin at the end, but even so if there is still a way or innovation from bitcoin and it will still be in the future then of course I will not sell all my holdings and keep on believing in bitcoin because that's how it is, that's how we bitcoin holders thinks, we will not let ourselves to sell all our holdings until the end.
But meanwhile of course I will find more investment related to crypto currency and see new currency with the potential to give me passive income and good amount of profit, even now I do many crypto currency because I want tk maximize my capability in order to earn and not just stuck in bitcoin.
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