I prefer trading versus gambling because in trading you can taught your self to know how to trade and you can see if you will earn in that certain trade while in gambling, you will bet your money without the assurance if you will win.
How can you compare trading with gambling? One is illegal in many countries and other is appreciated. Gambling is the worst thing in the world and will take all your money. On the other hand trading is the most profitable source of making more and more money in less time. Earn in trade and lose in gambling is for traders and regular gamblers. |
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You are trading, juggling your coins between addresses and exchanges. You're risking compromising your keys, need to worry about the security of your computer, network, the exchange that you're using.
Hodler also need to worry about the security of his computer. I had a bad experience hodling. Initially I used to research for good coins and hodled them till it doomed. Recently tried short term trade and good with it.
. Lol, actually at some point we have all ended up having that bad experience but really you cannot blame anyone who is into holding because it is simply hard to understand the movement of the market if you are not a learned trader and you would not want to be gambling your position as that can actually give room for more mistakes and make you lose more. This personally made me to go through serious trading lessons on my own and it took so much time to get it right and a whole lot worth it as it is far better than just holding through. Trends will always change in between, and it is best to always take advantage of those trend fluctuations. Im sceptical to trends. Maybe becouse every asset i entered in uptrend it break it after few days to go to downtrend for weeks (my experience with trends U can have oposit). Trends are telling you that now we are moving up. But it dasnt tell you when it will change. And it can change everyday. Thats why i decidet to never invest only by trendlines. I rather try to find assets relatively cheap (if today something is cheap it dasnt mean that it is also cheap tommorow with the same price). For example if something was worth 100$ yesterday and 70$ today ill call it cheep. If price will stop at this price for next few days its normal price not cheap anymore. If it dasnt bounce perhaps it wont (very short term investments). For longterm investments i rather look for FA instead of TA. Controllers should solve this problem because hackers are everywhere in the world and can hack your computer as well. If individually people get worry about their personal data then nobody will invest in online business. Crypto is online and we should be careful about our computer data and for that management can play vital role in this regard. |
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Long-term storage of bitcoins is for several years. at least 5 years. You need to buy a coin and forget it for a few years. You can only periodically buy other coins or buy bitcoin. This is called long-term investment. Form your pension Fund
I think that bitcoin will survive forever and will never die as many people think. The future is that of cryptocurrency and the whole world will use only crypto in the future. All other currencies fiat or paper will disappear from the market. I am looking forward to that situation when the whole world will use only one currency around the globe, very interesting |
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I think every crypto currency has its own program to develop its crypto so that if have a good program will certainly many who are interested and will progressively but for those who do not, it will be eliminated
All the currencies are only built for good way there is no other hacking will be possible but some of them that place so choosing a best currency is very hard job so we could do many researches far away investment before investing take more time it will help you very much . Everyday new ICO has been launched by someone and due to this there are more than 1000 crypto in the market today. One thing is important that you should invest only in reliable coins because there are many scams in new coins and they betray innocent investors. When they receive no capital, they wind up their coin and you will find them nowhere. |
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I think the price of the bitcoin that goes down will always happen at any time, as well as the rising bitcoin price, what we should know is we should stay calm when the bitcoin price goes down and not panic
If you think the first pump in the previous year you will understand why the price grew up so quickly. There are some people who wanted to earn lot of money from bitcoin. They decided the highest price of bitcoin. To saw this thousands of people invest in bitcoin and suddenly the price dropped from $20k to just $6k. It means that one bitcoin lost about $14k. |
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So far that is what I have on my mind because they have that capability to control the market.
Yeah I am sure not thinking that whales are manipulating the market and they have great influence over the crypto market and the price as well. In these days people think that the fall in the price is because of them and when they want the price will grow again. This is the worst thing in crypto market and avoids new investors to put their money in bitcoin. |
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Yes, bitcoin plays a vital role in the economy since it is a life changer.
Of course bitcoin has brought big change in economy. Lot of people are making money from bitcoin and when they have more money they will spend more and the circulation will be high and the profit of almost everyone will increase and finally the whole economy will go up. It’s all because of bitcoin investment and profit against investment. |
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You are very lucky. If I were you, I would consider buying a house and buying a car, working hard before thinking about continuing to invest.
The investment purposes of almost all the people are the same. Everyone wants to buy his own house, car and even start his small regular business with the earnings from bitcoin. I have many dreams and I have invested in bitcoin because I want to make more money and fulfill all my dreams in the future. For me it is the easiest way of earning money. |
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Good to know if there are a lot of celebrities endorsing cryptocurrency, it means they really believe on crypto and they earned also here that's why they are helping to spread the news about it.
Yeah you are right and it is good for promoting bitcoin throughout the world. There are many fans of celebrities and when they do anything their fans follow them. If they promote bitcoin through advertisement the investment cap will bump in short time, because of the huge number of fans. It is good for themselves and overall for cryptocurrency. |
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Lol… your example of selling services as a consultant to the Bank and getting paid with money is not really the perfect definition. It’s in no way having anything to do with barter. When you do a consulting job for the bank in an exchange for getting paid with money, man what you’re doing is a job, you’re actually working for the bank and not doing trade by barter.
Trade by barter can only exist between two people, when they exchange what they have to get another– let me say that I have a Gucci shoes which I no longer need, but needed Versace shoes. Luckily for me, you happen to have a Versace pair of shoes which you’re ready to exchange for a Gucci pair of shoes. When we both decide on giving what we have to get another, then it’s a trade by barter.
Yeah there is no concept of money in barter system. Barter system was hundreds years ago when there was no gold, silver and money. After barter system, buying and selling was in gold and silver and then in money. Now the time has changed and people are turning towards digital currency. Now the era of cash money is coming to end. The future will be of crypto. |
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Some people think that strong feeling affect the outcome of your bet. But for me its all about luck., what do you think guys.
Somehow being optimistic can be helpful upon the outcome. It could be helpful to focus more and think wisely that makes your chances of winning higher. Together with luck and having experience upon this thing could make you a winner. It would be definitely very much helpful for the gambler when he will remain positive throughout his game because in that way, he would not be detracted from the things are revolving all the time in his mind. Also as you are saying he would be able to put more concentration to the game than his opponent and very less chances will be there for his loss. It’s not all about luck. Full concentration can make you able to win the game and positive thinking means that you are focusing only on the game. Of you are thinking or your mind is somewhere else you will not gambler with confident and the result will be your lose. No doubt luck is an important factor in gambling but positive thinking will also affect your game. |
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Maybe this story has nothing with cases of real gambling addiction, but this days somewhere in Scotland opened a hospital which treat crypto addiction, yes, crypto one,there is such apparently. Does anyone know of details of this story or examples of crypto addiction? Some people compare investing g and trading g of crypto currencies with gambling, so I think it has some contact with gambling addiction example.
I got a glimpse of this story few days ago and then I kept worrying what the whole idea is all about. How can investing in any way be compared to addiction ? I am not sure though, since while some people are investing, they actually do it with no knowledge and they make silly mistakes whatsoever by going in too big and then afterwards trying all means to recover from the volatility loss they have had or is this just a way from the hospital to send some message regarding how crypto can actually come with addiction ? If it is by that, then I can as well say I am addicted to crypto since it makes life easier for me in terms of payment and I sure do not wish to get out of the addiction. Your story is not according to the topic. The topic is about gambling stories and you told crypt addicted story. Anyhow it is nonsense and it means that the staff of that hospital in not in favor of crypto and they think it is not good for health. That’s why they think that crypto is an addiction and it should be treated. I am also crypto addicted and more happy than that hospital staff. |
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While you try to gamble with btc, you're doing more risky as much as twice !
Why ?
Let's take a look when you gamble with btc, you're risking your money.
And when btc value suddenly collapse, bitcoin become useless !
Yeah online gambling has increased with cryptocurrency. Now many gamblers use crypto in online gambling. It is right that gamblers are using not only money but also their business. I am not in favor of using crypto for online gambling, but the problem is this that there is no other currency which is usable in online gambling. Better not to gamble online. |
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Well there are so many large bank in the world that are accepting bitcoin but be careful some of them are regulated by the government and some of them will questioned you what are the sources of your funds so be careful always complete your documents just in case. There are withdraw button in some wallet online.
I always use crypto exchanger when I want to withdraw my holding. It is easy, just send them your coins and they will convert it into dollars and then in your local currency and will send it to your local bank account. To avoid questions about the sources of earning money never withdraw all your holding at one time. Small amounts will keep you safe. |
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That is a huge profit man!  Its best time to take back all that you invested and keep only the profits there.. That will make you at no risk zone. Do you even know what you’re saying at all? That he should take only the money he has invested and just leave the profit? Like seriously, do know what you’re talking about? I will advise him to even take out more than 70 to 80% of his profit and his invested money. 600k is not a small amount of money to be joking around with. I suggest you to cash out some of your holding and not all because bitcoin investment is also business and you should not wind up your this business. You have made thousands of dollars, now you should start some regular business, because if there is something bad in bitcoin in the future you will be relaxed because of your regular business. |
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For me because I dont have time to analysis the market and also sometimes I can not control emotion during trading, I prefer to hold BTC for longterm investment.
For me the best way is day trading because it is the most vital way of making profits on daily basis. After day trading, short term trading is good and long term investment comes at the end. For trading experience needed. If you are beginner then you should invest for long term because day trading and short term investment is not for beginners. |
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All you need is experience. There are many ways to gain a profits on trading, but one of the easiest way is to buy some bitcoin currency in a cheap price then hold it, wait for the next pump then sell it in a high price at this strategy you can earn a lot of money
I think the best way for making money from trading is to cope with market every second. By this way you will catch the right time for buying and selling. You will notice the price and when it increases it is the best time for selling and when the price downs it is time for buying. This is trading and successful traders do the same for earning huge profits daily. |
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While the three tips the op gives are very basic unfortunately many people do not apply even one of them, many people do not take the time to learn about the market, are easily influenceable by the media especially the media that is against bitcoin and the worst part is that they lack the patience to keep holding their coins because they think they can obtain profits really fast, if they applied those three advices by the op the chances of beginners to make money will become way higher.
In my opinion the first step is to study thoroughly the market of cryptocurrency and to observe the trend of the propel. It is best for entering. I entered in this world through my friend who was an experienced crypto investor and has made thousands of dollars. By this way you can handle any problem easily if an expert is available for your help. |
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i believe eth price will be high but wait for time
The best decision for investment is to buy small coins because there is huge potencail in low coins compare to big coins like bitcoin and Ethereum. The price of Ethereum is decreasing day by day and it means that the lost volume is also big for low investors. Better to choose some low price coins so it the price decreases, there will be no big deficits. |
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There are a lot of people that prefer to do scalping, just like me.
It is profitable, at least for me, and it works well and it is giving me good profits, over one percent a day
Yeah long term investment is good especially for those who do not know anything about trading. Cryptocurrency investment in my opinion is the most profitable mean of making money without doing any work. Just buy some crypto and wait for some time. Your investment will increase automatically with the passage of time due to increase in the price. |
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