So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
I will try to get it back and wait for the profit. Its better to put up a risk than a permanent loss. I think it is better to learn more about trading and obtain more knowledge in this field before returning to it. As I can see, people always tend to do something without thinking because they think that they are great enough to start an activity by themselves. Therefore, if you lose, learn more and you will be better yeah people always ooking for the shortcut to earn profit , trading without knowledge and based on nothing nowadays have been practiced by a lot of people , and it makes them always hurry in make any decision , include whe get some loss they can't accept it , and immediately try to recover it, you need to be patient when do trading. I think such people can’t be successful in the business of trading. Trading is not the game of the guess each time they better should move to gambling where you have a do or die situation in a very limited time. Either you earn a lot quickly or you lose what all you have. We must be prepared to face either of these two. When we are having very much determined mind set then we can easily hit success with trading. Because we may lose one day but we can surely overcome those losses in very next day. Trading's losses are not similar to what we do get in gambling. Because trading will get us chances to recover losses. So, we must have separate mind set to deal against loses. |
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I don't think we need to start using satoshi just yet. Saying something is 50,000 satoshi is going to confuse someone. They would have no idea what that means in terms of USD price.
To get USD value we can still use preev as it has provision to do so  Please give us some other reason for probable confusion may we get by any chances. I do see people are using dollars and cents more fluently then why not BTC and satoshi for bitcoin related economics ? Maybe Half Bitcoin and Quarter Bitcoin or something. People also get confused in MicroBitcoin and other similar things. We sohuld probably stick to what most people already use as lingo for dollars.
Half/quarter bitcoins ? Are you serious ? we need precious notations whereas you are suggesting things which are not in use even with 2 decimal systems. |
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With exchanges the things vary depending on the time period with more users involving into trading activities based on the price pumping of different coins listed to the exchange. So if bot makes every move, profitability will be stable and won't get a better profiting depending on the trading volume.
But the fact is trading is P2P model, if you are making profits someone else on the other end booking losses. So, there will be no even profitability will be possible for ever and that is due to trading bot is completely impossible. Exchanges may come with add-on bots as paid or free services as it will be helping them to generate more revenues but for traders view there will be no significant improvements in profit making capabilities, I am afraid. |
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if restaurant accepts bitcoin that would be great. 7/11 accepts bitcoin in our country this is the first store that accept bitcoin in our country so i hope restaurant too.
When bitcoin adoption is above par in your country/region why not you think about starting your own bitcoin accepting restaurant. If I were you, definitely I will go for it either with the help of crowd funding or by availing loans from local banks. Food industry always guarantees minimum profit making opportunities yet adding bitcoin payment with it will ensure sure shot success. Go for it if feasible for you. |
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if you have patient you can earn btc online in the way of faucet..
Really you got any justifications for your support of faucets ? I did read some people were supporting faucets with the consideration of future prices of bitcoins. I remember freebitco.in was paying above 0.0001 bitcoins when bitcoin prices were below $200 by beginning of 2015. But as per current prices of bitcoins, a faucet reward of 1000+ satoshi must be a good one for the time and efforts. But still it may take more time to beat other effective methods of bitcoin earning. |
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Quite effective if you know how to used it, a bot can help us to do trading when we are sleeping, it is very good tools if you have a good skills and know when is the good time to trade, a bot is only a tool to help us to trade all of the results is depend on the user
There is no doubt that trading bots are helpful and effective but if trading bots are not easy to use and setup plus if the trader is not yet fully experienced in trading bots or even trading then it will be a huge problem for him because he is very vulnerable to losses that can make him quit. I do not think setting up a trading bots to make trades is not that much complex one compared to what we actually doing technical analysis are manual trading. Because the bot providers will be supplying some predefined parameters for different scenarios. We can simply follow them to make those bot get ready for actual trading. But I'm not ready to recommend about the effectiveness of bitcoin based trading bots. Because I have used them but concluded as waste of money. |
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So it happens to almost everyone who trades altcoin, but how do you deal with it and keep yourself patient and motivated?
When your portfolio, the alts you own all or most of them take a big dump?
Is it very easy to panic and sell for loss, but do you actually keep hope and have the patience to wait?
Most of the cases, I am not facing any downtime for my trading. Because I'm not dealing with altcoins in long term basis hence when I am facing losses with my altcoin trading, I just quit them at my stop loss levels. Similarly for my bitcoin trading, I am not at all finding any worries as I am always being ready to hold bitcoins for years. The simple tactics I do follow is, I am not going for margin trading and investing into trading what are the amounts I'm having excess after my life's needs. Importantly I am not re-investing my profits but moving them into bitcoins in cold storage. |
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The best way I could suggest is trading. In the recent days found digicoin pumping high, as the value of a single coin is quite low you could get a good number of coins and make profit out of it by the next price pumping. The value is pumping quite often so that you can get at least a small profit or else just analyse and buy a coins with small value and hold for a long time period.
Starting trading with capital of $50 is more than fine, but suggesting them into highly manipulating altcoin seems not good suggestion imho. Traders are simply following volumes just to pick their trading pairs. But it will not work all the times as insiders may trap at any time. But being a high-risk traders, I guess they can go for trading them. Because it is just do or die scenario. But I will never recommend them. Seriously following pattern of altcoin price movements according to bitcoin fluctuations and making use of corrections will be leading to make good profit out of $50 capital. But altcoins are always vulnerable to fall down, we all need to keep it in mind always. |
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Get stuck unverified with RupeesTether on an Indian exchange? Good luck.
Yeah, no kiddin'. I never heard of this exchange, but I'm not in India so it doesn't surprise me. And though the arbitrage opportunity sounds great, there's no way in hell I'd risk getting my funds stuck over in Asia just to make a few bucks. Especially some unknown one like this. But good luck to whoever does it, you're going to need it. Yes, people do share about different difficulties for arbitrage trading but I'm not talking about this particular India based opportunity, overall dealing with fiats might lead to long waiting/clearing verification process. But I do see Indian exchanges are providing such opportunity more frequently now a days. Innovating any practical idea to make use of these price gaps definitely will be resulting in more beneficial to this community. I'm not expert in dealing with exchanges sommothly. Maybe some experience/professional traders may come with any working ideas. |
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Very well observed. I wonder how the order books looked back then and now.
By 2013, we had only one major exchange hence obviously there were different market behaviors. But now we are having exchanges spread every part of this world and we have government recognized exchanges too. But by considering number of traders then and now and spread of exchanges, I guess there will be no significant differences could be observed in terms of number of trades/volume in one particular exchange. Any support or resistance difference?
Support and resistance do follow market prices with 5% to 15% gap (support and resistance in down and up respectively). These are just physiological levels of traders hence actually not existing anywhere in markets. No significant value here. |
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A few months ago I kept hearing people say that we will go to $200 once we passed $1000. Now I know that it must have been a typo and they actually meant $2000. This is how speculation impacts actual markets  ?! I have come across many people who were predicting $2000 in 2017, they are all right by now but with different time frame. It happens because it is bitcoins, just driven by all of us. Now I am concerning what we can expect before end of this May month. Probably $2500 in May and then $10,000 by end of 2017 are being foreseen. Yes, everything will be possible because we are all bitcoiners. Hence just hoDL ! |
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yes, im nit going to buy much this time. When the correction is happening i will buy more  Bitfinex again trades with significant gap hence we can expect other exchanges to follow them. It means prices may reach $2100 or $2200 before finding any corrections and your waiting for $1900 may last infinitely. Buying now for smaller quantity and if you get chances buy again at $1900 is the way I will be handling current situation if I were you. |
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Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money Exactly, its easy to access their site without any personal information required regardless of your age. you will remain anonymous as you play i think that is one of the few reason why it became successful. I agree with you but there are fiat currency gambling websites with similar situations and so I don't think it's exclusively due to the fact that you'll be completely anonymous but then you'll be able to increase your investments in Bitcoin without necessarily going through the exchanges. But to deal in fiat, gambling houses might need government approval and linking bank accounts which might lead to continuous auditing and facing legal issues whereas bitcoin based gambling does not need any approval nor any linking with banks. So, 100% hassle free for gambling houses to focus on their business rather than struggling with regulations. |
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Gambling is an option. Gambling is taking out of your life, precious time and money. You have the ability to control your gambling but you can't. We understand and many of us here are into gambling.
There is no such thing, everyone get into gambling by their own decision and it is not something to be blamed. You take the responsibility for yourself and if you think that it ruin yourself and does nothing good for yourself then simply stay away from it. There is no way to tell how things will turn out but everyone must understand its risk Maybe we can blame our irresponsibility for our frustrations in gambling. Thinking about staying away from gambling before things get worst would be a blessed gift but no gamblers will be ready to quit until he realizes how worst his situation had gone. Probably watch how a gambler who is suffering, could help gambler to quit gambling by any chances. Because gamblers may fail to learn from own mistakes but certainly will learn from other mistake. |
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Probably going to be rejected either sometime this weekend (similar to how they did the last decision) or they're going to wait until Monday and have some fun with the speculation.
I would have to laugh if they actually approve it this time around, it's been, what, 3 years since they tried to get their ETF working? Those guys really don't quit, do they?
Well, even if they fail again in exchange-traded fund (ETF), they will never quit and i am sure one day they will be able to implement this. the reason is that they are working for this for as long as 4 years and also now they see bitcoin slow confirmation a reason to switch to ETF along with many other reasons. |
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The geometric price? Huh? None i guess. But the reason prices go up so high is due to whales having their btc on multiple exchanges. They then buy in at same time and coordinate. We r bring pumped up. Almost no news happened in btc world to justify this price.
The only news is that soon bitcoin will be legalized in Australia. But this is not news. I am also frightened by such a rapid rise in the price of bitcoin. I hope that soon we will not see a sharp drop There is nothing to be afraid of high bitcoin price. This is not 2013 where the price go up high and then dump fast. From the 3rd quarter of 2016 the bitcoin price is moving rapidly towards an upward trend and the only reason for this I see, is the real demand of bitcoin in the society. When bitcoin is making new all time high prices, due to media coverage definitely it will attract more number of new investors hence demand may support skyrocketing prices for bitcoins in coming months. |
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The era of pump and dump is really getting to an end but I will not totally conclude that it has ended because the stability has not been enjoyed long enough to take a stand on it. Its true that the Chinese influence on the price of bitcoin has dropped but not totally. Also, we cannot also conclude that P&D is only coming from that end because if a major news should break from either Japan or Russia or even Switzerland then the effect could be massive.
The pump and dump is not related to an one time period but it is a sort of a strategy used by traders intentionally to pump and dump the coin to their own benefits. Lots of altcoin dev are doing this practice and fooling a lot of innocent people. With Bitcoin, it is difficulty to keep the pump and dump strategy one because of it high volume and secondly its too high a price now to play such games. |
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There could be many reasons for anyone to sell their coins and there's nothing wrong in doing that because basically they are circulating the coins and running the network this way. For example, I have needs and I want fiat and my complete earnings are in bitcoins, so I am bound to sell them to get some paper money and drive my life smooth. So is the scenario in different persons' lives and BTC's price is sure to grow always, but should it mean that we should just hold for years and years and don't live a better life at current prices too?
Spending and selling bitcoin for need is another thing and surely one has to sell them to meet the daily needs but OP is addressing to traders especially, who do not have an urgent need to sell but still sell thinking this is the best price. But believe me there is no best price of bitcoin now. Even if you sell your coins at $2000 now, you are at a loss as in few month the price will be $3000. So my advice to all, if you do not have any urgent need, do not sell the coins. |
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I would never play dices with 12 btc, that is too much money for such a game. Dices are fun game and OP should come here to see what kind of experience other people have with dices, in that case he would save a lot of money, but now its to late for talking about it.
This should be a lesson to all the people, don`t gamble and regret later, in that manner the best thing that someone can do (and that is how I think) is to gamble and enjoy, crying after loss is for pussies, you have your try you failed that is it, head up and you live to fight another day.
The OP may be lost his mind, or he may be a rich person, so he lost 12 BTC in luck base game Dice. I will never deposit more than 0.04 BTC in Dice site. Because I know here if we deposit more we will lose all money. This game is like that very attractive, and within few minutes we will lose our investment. Before investing on any dice game remember one thing it is a dead investment and never come back. No, I think Gambling is a game of elite class and rich people. If OP lost 12 BTC this time, he might have earned a lot of BTC before. You and me cant afford such amount to be even risk in gambling. but there are people who are daily investing lots of BTC there. That is the reason Gambling is one of the biggest business today and with the use of bitcoin it has become more popular. |
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In my point of view, both are equally risky. But if you want to more specify then I strongly believe that casino is the more risky of the two thing.
You can predict more or less about the result of the game but you can't predict about the result of casino. So observation is that casino leads a risky way.
No one can say that bets are less risky than casino. I have seen people losing on sports betting even they are sure about the winning team. People think the the team who is strong on paper will win, but it is the team which is good on the field on a particular day wins. So for me both casino and sports bet are equally risky. But if you ask me to choose only one, then I too will go with sports betting. Because it is indirectly house edge free whereas house edge is the biggest deciding factor on how much risk we are facing in gambling games. |
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