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921  Bitcoin / Bitcoin Discussion / Re: Who is wiser? on: December 12, 2023, 10:01:35 PM
At the current market condition and having bull run in mind, these persons have $10,000 to invest.

  • Mr. Bob goes 100% with bitcoin.
  • Miss Alice goes 50% bitcoin and 50% random altcoins.
  • Mr. theymos goes with bitcoin but $100 weekly DCA.
Well, both have risks in what they will do, but among those three, I think the wiser is Mr. Theymos. Well, it's because it's good to do DCA now a days with the current state of bitcoin. If you are watching the bitcoin price, you will notice and see the sharp movements of bitcoin, either up or down movements, and from that, it's good to place a position on those down or sharp decreases in the price of bitcoin so you can have multiple good positions and a good profit. If I were to choose the second, maybe miss Alice simply because if you are waiting for bitcoin, as its investment is long-term, you can use other coins to do trades or holdings as well, but altcoins are too risky. That's why it is second. Last is Mr. Bob, simoky, because if you put all your capital in one coin and one position, it will increase the risk because your fate will be 50/50.
922  Other / Beginners & Help / Re: How can I start investing in Bitcoin? on: December 12, 2023, 01:13:20 PM
Well, first, I would recommend that you explore the forum first because this question is a common one and there are a lot of topics similar to it. Anyway,  you already posted it. Well, the most important thing is knowledge. Knowledge should come first because if you have the necessary knowledge and information, it will be easy for you to know what you want to invest and where you want to invest. Bitcoin is a broad investment; you could either trade, hold bitcoin assets, or do many other things. You need to identify in which field you want to invest and what you know you can do.

Bitcoin is a very dangerous and risky investment, as you could lose money in this investment. That's why the second most important thing you should hone is your experience, because if you have the experience, you will build your confidence, skills, mental state, and tolerance. Those things are necessary for an investor in this field.
923  Economy / Trading Discussion / Re: How much human supervision do you believe AI needs for crypto trading? on: December 12, 2023, 07:36:04 AM
~
Unlike humans, there is mixed emotion when performing an actual trade on an exchange platform and analysis, which is also called; unlike AI, there is no such character that can do what is really programmed; that is all he can do. Because AI does not know which is right or wrong.
In AI or trading bots, even if they are advanced to here or good to here, I'm still not convinced that, with the current state of AI nowadays, it will be reliable to predict the market or decide my trading move. The thing is, even though AI is advanced without data, it will not function; data is what AI needs, and we know the crypto market is unpredictable; the movements in the market are undefined. That's why we humans do technical analysis and such other things to find a good position, and even if we have a position or map in the market in mind, there is still a margin of error. But AI or trading doesn't think that way; it can only analyse and make decisions based on the data it has, but with market volatility, the pattern and data will be difficult for the AI to process.

In short, I still don't rely on AI for trading, maybe in the future, because there is a possibility that as technology keeps on advancing, it's not bad to follow and use trading bots these days, as your trade is at your own risk.
924  Economy / Trading Discussion / Re: Biggest risk of P2P trade on: December 12, 2023, 05:23:00 AM
So far, I don't experience any problems with P2P trading, especially since I do my P2P trading on Binance only. It's just that I don't trust any platforms; it's just that I'm more familiar with using Binance, and it has a legitimate percentage, wherein you will see a trustworthy percentage of every vendor in P2P. And I know mostly all the platforms have their own steps before proceeding with a transaction. For example, if you are going to sell your asset, or BTC, to fiat and have it directly sent to your fiat online wallet, there is a "release" or "confirm order," wherein as long as you are not receiving your money, you have leverage because you will not release the transaction. In summary, Binance has security features that will protect both vendor and customer to have a safe and fair transaction, which I don't know about other platforms.
925  Economy / Gambling discussion / Re: Are you Spending more or less money on Casino this Holiday season on: December 12, 2023, 02:01:31 AM
Are you spending more or less on casinos this holiday season?
spending less on casinos, because even if I have bonuses or more money, in short, I choose not to spend those for my gambling habits or choose to stay away from gambling because those bonuses are hard-earned money, so I don't want to waste it on gambling. It's not that I don't have confidence in my gambling skills or luck, but the thing is, I don't want to waste money that comes once a year, like 13th month pay or what. So rather than spending money in a casino, I choose to ignore casinos or online casinos at this time of the year to focus on the holidays and enjoy the money that I have. I will be back in gambling if I feel so, and after this season full of events,.

I think many here will answer that they used some of their bonuses for gambling to double it, but it was their own decision and money. Maybe there is someone who really could double their money, and that would be great, but for me, I don't want to risk it at this time.
926  Economy / Gambling discussion / Re: A hero or a fool? on: December 12, 2023, 12:35:09 AM
I dktnkmow the legalities behind limiting someone to winning $200 or its trespassing but if the story is true then good for that guy.  He  understood he was uncontrollably addicted and did what he thought he needed to get over the addiction.  Most people don't know how to get themselves to stop so good on him.  Most people rely 100% on other people coming up with fixes this guy did it right.

If someone is addicted to gambling, they should ask relatives for help to get rid of the addiction. This is the best way for them to get out of the swamp. Gambling addiction causes dire consequences. They understand the severity of gambling and are trying to escape as quickly as possible.
In gambling, if someone cannot control themselves, they should stop as soon as possible. Stay far away from gambling. I have seen many people ruin their lives because of gambling addiction.
That is one of the options to stop a gambler from his addiction, but it doesn't work for most of the addicted gamblers. In fact, family and friends can also be an oil to the fire. If the family and friends are not open to gambling, there is a possibility that they discriminate against the gambling addict, which could cause the gambler to be more depressed and gamble more. And the most important thing is that even if the family and friends will support or help the gambling addict, if the person itself doesn't help himself, then there is no point or it's useless. The help should come first from the person who's addicted, not from anyone; they can only guide and support, but they should never be the ones who decide if they want a change. No matter what help a gambling addict gets, if he doesn't have the mindset to change, then there's nothing that could help him.
927  Economy / Trading Discussion / Re: Does technical analysis work in crypto trading? on: December 11, 2023, 10:53:37 PM
For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
What do you mean first in "smart money"? You didn't give the context or meaning of it, and you are saying that it's more reliable than technical analysis? Even if you are learning about technical analysis without enough execution or experience you will never see its worth, you are saying that technical analysis is not reliable but in fact this method is being used by many traders as it could give them insights on what will be the possible movement of the market, although technical analysis is not 100% accurate because in trading there will be no a 100% as the market is unpredictable, still with the use of technical analysis it could give you what will be your next move, where to position or where to do your trade, if you think that technical analysis is not useful then so be it tey using your "smart money" method then come back here to say what is your experience, you are still new to trading so its still early for you to say that technical analysis is not useful for earning in trading that is the common problem with the newbies in trading.
928  Economy / Gambling discussion / Re: Do you wrap up your gambling session? on: December 11, 2023, 09:40:41 PM
Well, sometimes I set up usually hour or more than one hour, but mostly I don't have an specific time to do what you call wrap up, I mean yes I have an allocated amount or bankroll that I will use for gambling and as long as I still have balance or if I notice that I earned quite a lot then that's when I would stop there is no specific time length mostly when I do gambling, I gamble at my satisfaction so sometimes it takes me hours to gamble.So when I gamble I make sure that I'm free and will not do anything to focus and to enjoy, but if I know I have something to do then that's when I need to allocate some time for me just to gamble usually 1-3 hours, that's when I know when to stop or wrap up, well I thimk its a good practice to have a specific time when to end the session so that you will not over spens your bankroll.
929  Economy / Gambling discussion / Re: First winning can be a trap on: December 11, 2023, 08:20:13 AM
The first attempt of gambling by anyone that the result comes out to be a win can be a trap if one is not careful and conscious. Have noticed people who plays gambling on their first attempt and win thinks gambling is very easy because they were lucky to have a win in the first attempt,  whenever it happens like this with beginners they still want to play  more and as they continue it is just a simple strategy to lose all they won in their first attempt,  it is important new gamblers shouldn't tricked to play more expecting to continue to have more wins.

Not everyone's first bet turns out to be a win necessarily and it's just a myth based on the beginner's luck and casinos are not really doing anything to make them win their first win to call it as a trap but the person itself can be considered it as a trap if they are not aware of the gambling activities and still continues to gamble with the money that he is not willing to lose and only trying it to maximize the rewards by betting.
I agree. The thing about gambling and gamblers' is that whether it's their first time, whether they win or lose, if they have a taste of what gambling is, they will be caught in the trap. You see, even the gambling game they play can be a trap. Either they find it entertaining or entertaining, or their ego to win right away—that's when the trap comes in. The true trap set up by casinos is the deposit bonuses, which are pleasing to the eye and will engage new users to deposit in their casino and play. That is the real trap. But the thing is, the person itself is the trap; the emotion, their decision-making, is affected by their emotion. For example, if they feel lucky, the excitement of their first time playing a gambling game, or, as I said earlier, the "ego" and the desire to earn money are what make them gamble more.
930  Economy / Gambling discussion / Re: Which one you are good at? on: December 11, 2023, 07:08:04 AM
Hello! I'd like to pose a question to my fellow gamblers here. Since the topic of sports betting has been gaining attention recently, allow me to ask:

So, the question is... Which are you better at: selecting the right bet or managing your bankroll?

And, how has it been going so far? Are you profitable or not, and why?
If I'm one of the two, I would say I'm on the managing your bankroll side, because every bet and gambling I do is all recorded for me to keep track of my earnings. For example, when I have allocated capital for my gambling games and betting games, all of the transactions I do are recorded, and the either win or lose amount is recorded. I do this thing for me to keep track of what's happening to my capital, whether it's earning or not. From that, I could manage my capital and either stop or play games that have a higher chance of winning, but if at some point the whole capital burns, then only that allocated money will be the one who's going to lose. It's like I'm setting up a wall to limit my spending so I can manage my bankroll efficiently. because I'm confident enough to say that I'm a responsible gambler who has discipline and good management of my money.
931  Other / Beginners & Help / Re: Secure on holding my btc on electrum on: December 11, 2023, 05:54:54 AM
Well, Electrum has a high number of application reviews, and so far the application or wallet has been secured and proven secure, but the security of your asset will also depend on you and how you will keep your wallet. And from the looks of it, you are doing DCA and accumulating BTC bit by bit. There is no problem with that; just be careful on what price or position you will bring a bitcoin. For example, if you visit a chart for bitcoin, the price drops rapidly and instantly, so that is a good time to bring more bitcoin and wait for the long term. I think this movement is part of the upcoming bull run of bitcoin, and that's a good opportunity to buy BTC. So you better watch out when you are buying your holdings, as of now BTC is doing a lot of market movements.
932  Economy / Gambling discussion / Re: Do you believe you can win on sports betting by analyzing a betting lines only? on: December 11, 2023, 02:58:37 AM
Well, yes, I don't think anyone didn't analyse who would win. Like what we are doing, if we see the match, we can distinguish who has the advantage based on how familiar we are with the team. For example, in the NBA, if you are a fan of the NBA, you mostly know the teams—the strong ones and the weak ones—so you know if there's a match that will have a higher chance of winning. So analysis is very important in sports betting if you want to have higher chances of winning, but for some others who don't rely on analysis or don't want to analyse because they don't have time and rely only on intuition, they are most likely to have a higher rate of losses. So analysis is very important in gambling. Even if you are more reliant on luck and your knowledge, you still need to analyse before deciding whether to bet.
933  Economy / Trading Discussion / Re: Whas this a smart move or stupid move? on: December 10, 2023, 11:52:36 PM
Well, you didn't provide enough statements on your topic. Anyway, the thing is, I'm curious about what you are saying, "down fall." Is the down trade too much or not? Because if the down trade is not too much, then I think it is not a smart move to convert your bonk into USDC. I mean, it's part of trading that there are down trades because that's how the market works. What if you encounter a down trade every time, then you will swap your bonk for another time after time?. But if the down trade is too much and you realise that you will be at a disadvantage, then it is a smart move anyway; it is your own trade. But remember, patience is a must, so better wait for a while. But yeah, it's your own decision and the risks are up to you. I'm sure many here will give more advice.
934  Economy / Trading Discussion / Re: I see many users talk about trading but does anyone here actually trading? on: December 10, 2023, 11:10:41 PM
I don't want to judge, but I think not all here who are replying to a post or creating a post are actually trading. I mean, let's not be hypocrites here; we all know some just do their posts to comply with their signature campaigns, so I'm sure not everyone here is a trader, but we appreciate the insights and knowledge they share if there is. As we know, this forum is strict with the contents of the users, so we can't just say anything that is not useful or makes any sense. The reason I'm confident that that user is a trader is that if he gives very informative points about a topic in trading, sometimes they give sources that support their statement. I'm a trader, but lowkey, meaning I'm still learning in this field, and my years of experience as a trader are not enough for me to flex my portfolio, but I'm still confident that I'll earn in this field.
935  Economy / Trading Discussion / Re: Earning online more preferable than offline? on: December 10, 2023, 10:14:30 PM
i will never prefer any kind of online earning way or trading because none of them will not be sustain in your life,
i always confident with offline work and it's safe to survive in real life, you can take online income as just a part time nothing more.
offline work is very hard work if you judging with online jobs.

You can say that maybe because you didn't experience working some online jobs or what, but look at you now, you are doing a signature campaign. Isn't that a way of earning money online? Yes, maybe online jobs can't fully support you as online jobs or trading is not sustainable earning as you have the possibility to lose money, but it shouldn't be treated as full-time work, meaning you can only use that as a part-time or other way of earning aside from your physical jobs. If you don't have the time to do other jobs because of your physical job, then so be it, but for me or us, trading or doing online jobs via crypto currency is pretty much worth doing as it gives an extra income. So don't say that it is not profitable at all because it is not. Remember,  there are a lot of freelancers out there, and they can survive because it is.
936  Economy / Gambling discussion / Re: Who should quit, and why? on: December 10, 2023, 09:38:25 PM
I don't think there is a couple or family that has a situation like that, but even if there is, I don't know if that family or couple is bound to be broke or if their life as a couple will be miserable; they either break up soon or the family will result in a broken family. I don't think there is something good in a couple or family that gambles at the same time, because it will only affect their financial state, and even if there is one person in that couple, I don't think that the couple will last if the gambler doesn't stop. And to answer your question, should only one person quit? They should not quit gambling immediately before it's too late or before the family or relationship can still be saved, or else there will be no future for them. I think there are many situations just like that, and it didn't go well.
937  Economy / Gambling discussion / Re: Has anyone here started with a decent bankroll in sports? on: December 10, 2023, 09:14:36 PM
I'm curious and would like to ask gamblers who have established a decent bankroll and bet only a certain percentage on their wagers: How has it been going for you? Are you currently in profit, or not yet?

Let's consider a scenario where you have a total bankroll of $2,000 dedicated to a specific league.

If you are in profit and your win rate is 60%, how much have you made (net profit) so far?
Yes, right now, yes, I can say I have a decent amount coming from sports betting, but to be honest, in my first month of doing sports betting, I got too addicted to the point that I didn't limit myself anymore, and it cost me, but now I've learned from that mistake, and yeah, even if I'm still placing a bet in sports, I still have quite some profit. Why? Simply put, I have a percentage of the amount coming from my salary, and that percentage is allocated for my gambling habits. I only base my profit from there, with the help of tracking every bet or play I make in gambling to track down my expenses and see if I'm earning or not from my capital. It's better to have only a portion of your salary dedicated to gambling if you really can't contain yourself from playing it. That way, your losses are limited.
938  Economy / Trading Discussion / Re: Trading is hard!!! on: December 10, 2023, 08:15:36 AM
It's funny how people see trading as a Ponzi or get rich scheme. They end up losing there hard earned money in the chase for more money.
It's also so funny how some wants to learn a life changing skill in two weeks or a month, meanwhile they spend 4-5 years studying an obsolete course.
Trading like any profitable venture takes time, perseverance and consistently developing and sharpening your skill to be profitable.
In trading you'll fail a thousand times but it's your ability to pick yourself that differentiate you from the lot. Pay for knowledge to shorten your learning time,else you'll learn and you'll learn the hard way.
Develop yourself, pay for knowledge,give time to your craft,pick yourself up any time you fail.
The sky will be your starting point 🕊️❤️
Trading is not easy it is definitely very hard. If it was easy everyone would be trading and get rich quick no one would work hard.  Profiting from trading requires a long experience and luck as well.  Because no one can say with guarantee which coin will pump when.  To make a possible prediction of this, you must have the ability to do market analysis and have long experience in trading. Even with all these requirements you cannot guarantee profit
I agree; trading is not an easy thing, and it would never be. Even experienced traders often lose trades, which costs them money. That's why I'm getting annoyed by the people on the internet who are flexing their luxury and achievements from trading, which is their strategy to attract potential investors. It would look like trading is easy, but it never is. They show the good things about trading but never the bad side of it. You see, they have also lost trades, which is very common, but they are showing that they are not to attract investors to avail themselves of their services, such as signals, or that they are the ones that will handle other traders trading accounts. Trading will never be easy, so if someone here is new to trading, then better think again. If you can handle the risk and the hardship of trading, then you will survive, but if you do not have a weak heart for trading, then better build yourself first.
939  Economy / Gambling discussion / Re: Interview for sports bettors. on: December 10, 2023, 03:24:55 AM
I like to interview you guys to know more about your experience in sports betting. With this, I think we can help those newbies on what to expect and what to do in order to stay entertain in sports betting. So please follow this format of question.

1- How long have you been gambling in sports?
Ans ;
I don't quite remember maybe 2 to 3 years now I guess, but I'm sure i've been in sport betting for some quite time and so far I like what I've been doing in sports betting as its one of my hobbies and its fun.


2 -What are your worst experience in sports betting?
Ans ;
Maybe my worst experience for me in sports betting is when at some point I get addicted to sports betting and it cost me a lot and took me a quite time to recover, its not a good experience but its a good lesson for me, from that I learned to limit my spendings in betting and also have more fun than being depressed of losses.


3-What are your best experience in sports betting?
Ans ;
I guess like everyone else, able to win a big amount, like a jackpot, its my first time taking a big risk its do or die situation and it turns out good because I win and the amount is not a joke.

4-What can you advise on the new gamblers and those who struggles in sports betting?
Ans ;
Hmmm, If I will give an advise maybe learn to limit your capital and know when to stop and also allocate an amount that you are ready to lose so you will not have any regrets when you lose and it will avoid you from chasing the losses.
940  Economy / Trading Discussion / Re: What should newbies do in trading? on: December 10, 2023, 01:11:00 AM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I don’t want to try hard when trading it
Don't go hard on yourself; trading is a continuous learning process. Even an experienced trader will still experience losses, which is a common thing. You said it yourself; you spent time and effort to learn about trading, and that is good because you did the necessary things and tools to do great in trading. Maybe you still need some time and experience to do very well, but have patience, and you will be rewarded. The thing is, you need to stay strong and build your confidence, as we know we never know what your fate will be in trading, so you should always be ready and know what you will do. Always move forward, forget the bad things, and think of how you will do well next in your trades. It's okay to be sad, but don't take too long. If you have time to sulk, then you should spend that to improve your skills.
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