Well, because there are so many things that need to be considered, I think not everyone is able to accept this. There are probably a lot of people out there who have tried trading, and come out disappointed. However, everyone can try trading, but I think not everyone will be suited to it. Many people feel that trading can be done by everyone, but in fact, many people do not feel that trading is a detrimental thing. well, as long as they are able to pass several important points such as patience, and other points, I think he will be suitable for trading.
Patience alone is certainly not enough in trading, at least we must be equipped with knowledge about trading. We have to learn a lot about the technical indicators in it, it is very difficult to learn them, it takes a lot of time for us to learn them. It's true what you said Of course, everyone can trade, they have even tried it and the results did not meet expectations. This is what makes you reluctant or not want to do it again. This is what makes many people reluctant to trade and get something from trading because the risk they receive is much greater than buying it on the spot. There is no single indicator that is truly perfect in this case. The patience is the fuel that keeps you going regardless of the situation as you believe, work and develop on your system jut to ensure trading works for you. But same time the right knowledge is needed which entail, an edge, risk management and discipline to grow as a trader. Indicator do lag in the market still can be useful as far as you understand them and stick to one that suite your approach in other for you not to get confused about what the market is presenting. |
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When you look at weekly how high it has been, I could say that it is definitely something that is getting better. Not saying that it is at the all time high price right now of course, we still have some left for that, but we pushed above 60k and that is a good thing for the market, I think that is definitely making things easier and better as well. I believe that we are going to see things change a lot with time, we just need to make sure that we are dealing with something much better and bigger in the end.
I believe that as long as the price keeps staying strong like this, we are going to end up with a new all time high without a doubt, we just need to give it some time. It may take a few more weeks, or maybe it won't I don't know but the price could go there soon.
I agree with you. All we need is patience price is correcting same time bears trying to control but the bulls are getting strong, we just need a push above $69k, then I can say that we expect a new time ATH, to break the resistance which will then be the previous ATH which is $73k, It might not be now but it certain that a new ATH will be formed, let not be entangled in price movement and forget to use this opportunity to accumulate and hold for the massive run ahead. Market transfers money from impatient to patient traders. |
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Well, you are right, most rich people who gamble, don't gamble because of the money but simply because they gamble for fun or because they are addicted to gambling, while those who gamble to get more money are the poor or those who are actually struggling with addiction. Like a friend I had, some years back, he has a very little money and he wants money to use to sort out an emergency but no money so he decided to go and gamble to double the small money in his hand, so he gamble and wins but wasn't yet satisfied, so he try again and also was lucky to win and was able to sort out the emergency although it was helpful at that time but that doesn't mean it doesn't have disadvantages too. So anyone who gamble whether rich or lower class should just gamble responsibly and important too to seek help when struggling with gambling addiction.
And we got it wrong here. All over again we keep lying to ourselves, we all know we gamble to win and care about winning wether its fun or not. Saying only the poor gamble to win is very dumb of you, so the rich finds it nice to loss as fun common let be serious. This can't be overemphasized, we are conscious and know our thoughts. But I strongly believe we gamble to win, and with proper risk management and discipline we can still scale up regardless fo losses as gambling isn't satisfying or source of income. |
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Don't get confused OP why did the majority choose to invest in Bitcoin rather than trading, it is because trading is too risky, stressful, and can't assure a profit. Unlike investing and holding, as long as you are buying low and selling high, profit is certain. But in trading, committing mistakes will end in tragic losses.
In both trading and investing, if you buy low, sell high, you get profit. If you can do it, you will have good trading and investing ROI. The bottom line for biggest difference and challenge between trading and investing is psychology. With trading, you get more psychological challenge from market price movements, news, fud that can force you to do bad trading decisions. With investing, you will less likely be affected psychologically because you have good knowledge, strong belief to hold you bitcoin. You won't get loss if you don't sell your bitcoin and fortunately Bitcoin recovers with time and makes new all time highs with new bull runs, historically so far. I doubt what psychology has to do with, Trading or investing or relate to this topic. I greatly disagree trading to be the means how anyone should take Bitcoin for, if you're a good trader no offense you can scale up but the right approach is accumulating as much so as to have your own Bitcoin and not just trading it. Accumulate, hold and keep investing in Bitcoin. Newbies, beginners thks safeguards you from unnecessary panics about price movement, Trading gonna fuck your ass if you are not skillful enough. |
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Selling your Bitcoin for some altcoin project isn't all that a bad idea. But the question is how far have your gone in your accumulation journey before thinking of selling off your Bitcoin, after the sell how many do you still have in holding. In as much as diversifying is good,you must invest into the right asset(altcoin) with potential of which altcoin you need be very cautious and informative and hold for short term because it would surely lag in a long run.
For me i do advice, if am diversifying I should think of physical asset rather than altcoin though everyone is entitled to there opinion and decision about there investment choice.
Selling off, when you don't have enough stash of Bitcoin or a maturity stage yet is a bad investment decision, NOTE.
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Gambling everyday won't guarantee your winnings, same time as giving break doesn't mean you will win too. The truth is you just have to gamble when you see the right opportunities, if it presents itself everyday go for it, if it doesn't relax. This solves the puzzle of everyday or not.
Nothing is certain, winnings based on chance so when the opportunities present in the chance of the game you might win or loss, lastly it either a win or loss nothing more or less.
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The fact remains that, risk exposure of rich gamblers are low compared to the poor ones in terms of capital amount. The rich gamblers stake might be ghe dream win of the poor one as well, rich gambler with proper risk and money management can gamble twice the initial of the poor one still yet not losing much while the poor loss everything at the start.
In essence, risk of a person is subjective and depends on the financial status and tolerance level of any individual irrespective of the class. So no one need over risk, or expose him/herself much. Nothing is certain in gambling.
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Are there any statistics that can be used as evidence that the rich can win more than the poor? If not, then I will stick to my own rational belief that if we talk about opportunities then rich or poor have the same chances whether it is in terms of winning or losing, I'm not saying about the amount they will win because there is clearly a difference in budget allocation here where the rich may put the amount of $1000 in one bet while the poor only put $100 which means that if the two people are lucky then there will clearly be a difference in the amount of victory between the rich and the poor.
But that's not the point, the size of the budget at stake is in no way a guarantee of winning which means the rich can lose and the poor can also lose, so I think the issue of who will end the session with a win more often depends on how often they get lucky.
As you have said, the only difference is the amount staked. I believe even that some poor ones understand money management and also limit how they gamble, this believe or comparison is weird. It doesn't really matter both group loss and wins, same chance available, same game gambled. Let's leave social class out of gambling, both rich and poor loss based on there level. Mehnn the the level of detestment poor people face keep increasing, no fact, record or proof to show, one will just conclude the poor loss more. Gambling is a fair game with probability, anyone can win and individual variation is present irrespective of the class. So concluding is wrong. |
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Chased loss, got it back and lost everything. I believe there is a thread that discussed about never chase a loss in here and I agree with that statment because gambling especially in game like slot crash and other game is 50.50 for me is pure luck so if you lose from it and you chasing the loss is totally wrong because the chance is still 50 50 or even less than that.
Dont let emotion take control of your body if you chasse a loss but still in a budget that fine but if your budget already gone never do deposit again
Yes, gambling, especially the type of slot game or crash game, is a game that only relies on luck, meaning that chasing losses in gambling will never be useful and in fact, in the end, as in several cases that have often happened, they end up experiencing a much larger amount of loss or loss. but strangely enough they still carried out this idea, and I am sure one of the reasons was because of the enormous encouragement of hope and belief in their minds. I think they have to re-understand what luck really is, especially how it works, because as we know, luck is something that will come suddenly and happen by chance without ever knowing beforehand, and this is also the reason sometimes when we come without any hope of winning but the result at the end of the session is winning, that means luck comes even though we don't expect it and this also means that luck is the only thing that can lead you to actual victory. So I think if a gambler understands how luck works then I think it is less likely for them to overact like chasing losses, because they understand that after all the odds are still 50:50 as you said. Gambling isn't runned on the basis of gamblers winning or in anyway wants you to win. It a game of probability which is unpredictable you only need to just accept any outcome as far as you risk responsibly. This alone should stick to our brains, thus modify how we risk and thinking towards gambling. For me gambling after a loss isn't chasing if your amount (limit) haven't been met. It only wrong when you gamble after exceeding your limit, even in time of winning if after any win you keep gambling even after your limit have been met you are still chasing. |
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However, it can be a little less addictive since it doesn't offer instant access to gambling anywhere as easily as a smartphone.
Depends on the PC you have. PC are even faster in connection than some mobile phones. For me, this gears to self discipline because wether one use phone or PC tendency for addiction is present. In a simple word gamblers choose between these device the one which is suitable and reliable for them. If one want to prevent or stop being addictive, limiting the rate of gambling and discipline will. |
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Nothing. Lmao, no one controls neither can we influence the market to go in our favor. This isn't worth a question at least OP you should know nothing can be done.
The only thing to done or that's makes a difference is you, being patient and discipline. Accumulating,hold and sticking to your investment plan and allow the market do it thing. Don't let price movement or quest for pumps lead you to get trapped and not focus on the goal, besides it just presenting more opportunities, so grab yours.
Relax.
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Now in your country if you are being paid N150k a month investing N30k every week will it still be seen as aggressive investment or not I think it will be.
I gave example of dollar and I think it should be viewed in your own individual countries.
Is obviously an aggressive investment because like you said if you are being paid N150k on a monthly basis and you decided to invest N30k on a weekly basis there is a higher chance that you could run into trouble on the process because for instance the total money is N150k and weekly accumulation is N30k so that means N30k*4=N120k for four weeks and you will be left with only N30k so you can see that is obviously an aggressive investment because there is no way N30k will be able to serve you till another month when perhaps you have a family. Preferably since you are earning N150k on a monthly basis you could draw your investment calendar that from the N150k you will be investing N10k on a weekly basis and you will see that that the total amount you will spend on the four weeks will be N40k while you will still have N110k remaining on your balance, with this way you will hadly be affected on the process. Your calculations is right and informative Mate. Such is very aggressive as well as exhausting for anyone to keep up accumulating, there is possibilities of lagging behind. You can't meet up, even that method you don't have any discretionary and emergency funds, to keep up with as you're accumulating. Needs will always arise, the fact is wether aggressive or conservative it shouldn't be exhausting. From your calculations of investing N10k weekly, that's N40k monthly, one with such pay can accumulate with ease as well as step up with time sns have more liquid funds. |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?
I believe that's the dynamics of the market and one thing you most know is that there is ups and downs when it comes to investment and there is every possibility that after buying a certain coin it will likely appreciate as time goes by while in most cases it will depreciate after you have bought but so long as you invested on a good coin no matter how the price drops it will surely bounce back to it normal price. This is literally a lay man clearing on how we should go about investing in Bitcoin trusting our accumulation phase with a long term view of the market. Patience is the key while Holding Bitcoin with a solid plan your target is achievable. I do lay emphasis that we should not just accumulate, hold in a long run it incomplete without having a target which you wanna achieve. Let say; Having a target of accumulating 5BTC in this cycle am not saying it must be 5btc but according to your means. I don't know how you view Bitcoin for me it an Asset like physical Gold, so nothing gonna stop me from having it even if it not physical and keep accumulating ensuring I meet my target with my plans. |
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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?.
both capital and knowledge on trading is a big problem, as a trader you need to have a knowledge on how to do trading on a perfect way to make a huge profit and at the same time you also need a big capital to earn big, so we really need the two important thing which is knowledge and money as capital and this ks really a serious problem to small time trader we can really feel the pressure of not having enough capital and knowledge this is a sad reality. On a scale of preference, Knowledge comes first. I believe why traders loss is because of lack of knowledge and this is the major problem not really about capital of course before you get into trading you are already have a source of income. And any trader who has the right knowledge can flip or grow whatever account size and scale up, there are proper firms. You don't need to have huge capital to earn big, that's trash mentality. |
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I think people shouldn't get discourage by that, though I didn't experience other halvings cause I had zero knowledge about Bitcoin then but i think something similar have occurred before in one of the previous halving where Bitcoin price didn't go up as expected but later traced back and went up after some period, a lot of people might begin to panic and sell their coins but I still see this an opportunity to buy more Bitcoin and for those who are not opportuned to do so, holding is the best option, please correct me if you think am wrong
Getting discouraged? only the newbies just joining may have a second thoughts about bitcoin market price, we have been into this for a while now, last year when Bitcoin go dip as far as $16,000 and people never loose hope, this is just a mere warming up, to create an avenue for those interested on making an investment, they could rather see this as an entry point for them to invest and wait till the same opportunity lands for more bull, what we are seeing is only preparing us for the expectations ahead, the earlier the better we understand that all we need is to hold now. No doubt only newbies or beginners like me can feel discouraged but in course of learning and acquiring knowledge about bitcoin, discouragement is no where close. One who is fully educated on bitcoin or one who is an expert on bitcoin will not be discouraged whether the price is dropping or going up instead he will know the method to go with in other to make profit. About the price of bitcoin now, buying and holding is the best with the expectations that the price will go up. As newbies to bitcoin instead of being discouraged, I will advise we ask questions and seek advice from experts or those who are experienced in the crypto world. True, just seek knowledge from relevant sources, and knowledgeable ones not from ignorant individuals that often misleads newbies and those who don't have any background knowledge. I often and will keep saying, Knowledge first before Investing as you have to understand what you're about to get in, just keep accumulating according to your investment plans, hold and have a long term view of the market. Patience is the key in Bitcoin accumulation phase. |
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Some people have a never-give-up mentality, but this won't work with gambling. People out of their control keep trying, and very few succeed, whereas the majority ends up losing. We should have limits set, unlike winning and losing. This provides a better gambling experience than ending up with a huge loss. Whenever one is experiencing continued loss, it is good to take a break for some time. So that he or she'll have a relaxed mind to gamble later. It is obvious that when a person is gambling after a continued loss, he or she'll have the mind to chase the loss. This is where one should have perfect control.
Yes, that's why it's important to control yourself so you don't follow your emotions too much when gambling, let alone having to chase losses and just recover them, that's never a good thing to do, every player who gambles must be able to control all of that so they don't lose even more money because they follow their emotions. and trying to recover from endless losses, everyone has experienced defeat and defeat is not a disgrace but a risk of gambling that we must understand, gamblers don't just want to win, they also have to be mature enough when they experience defeat. It's not easy when you experience defeat and we stop for a moment, but it goes back to your goals before gambling, if it's for money then it might be difficult to stop, but if you're just having fun it will usually stop by itself when you lose and spend your limited budget. or have felt pleasure for a moment, the only best way is to take a break when you experience defeat or divert to another hobby, for example going to exercise and the like, as long as it is a positive activity, it will definitely help you forget about losing at gambling. Gambling is a mental conflict between hope and fear. We all want to win, but how do you handle losing? The real fucking test. Man, self-control is crucial. Gambling mirrors your innermost desires. Do you lose yourself in the present and chase losses like a fool? Do you take the chance and move on? Setting and maintaining limits? This game requires knowledge and fucking survival. I like how you advised to use that energy for good. Exercise, hobbies, whatever pulls you out of that terrible mindset. Gamble occasionally, not throughout your life. Keep it under check or it'll consume you. This is life, not a maze, so take charge Big hug brother. This is very useful, wether entertainment, ambitious, whatever gambling is gambling. They all want to give it names the truth is as far as you're in charge of your gambling habits you're in a safe zone but same time improve in other areas of your life and not only building orientation on gambling. It's choice, no one will come to save you, have limits. Let me clear this chase after profit; A gambler whose limits hasn't been meet for that day is permitted to gamble if any opportunity present itself but same time not over leverage to then breach the limit just to recover the previous loss. This serves as a edge on how you go about it and I guess you all understand. |
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Ideally pay all bills first and the amount left over is whats considered. Never consider to spend money that is already allocated to bills, you cannot spend what you dont have. Most places have taxes and rent and utility bills none of which is optional, so saying 5% of money which has to pay those bills would appear too much.
If a person already paid every bill and the food and anything else you require to live, this is when we can talk about what percent but I would not take cash directly from earnings as if it were free and clear.
I agree, this is where gamblers get it wrong. They use their money that is meant for something else to gamble and think they can double it so that they can have a better month. Pay the bills and more so they can provide for their other unnecessary things. Pay everything first, calculate the budget for the month, and then what is left is the only amount you can gamble. I don't think they are forgetting it, they are just greedy to think that they might win the game and have a convenient life. Gambling is not the answer to that. This is why I don't get heated with my wife because I pay my responsibilities first so that we won't argue about money and that's when I can enjoy my gambling habits after everything is paid and monthly necessities are all set. Well said Mate. Earlier I said, firstly, gambling from our salary is unwise and a bad financial habit. Before we thinking of allocating any amount at all, the needs and wants of the family should be meet with a surplus in case of any other emergency that can tally till you get paid again. If not the left over, or discretionary funds that are meant for your beer or outing then you can use to gamble risking responsibly. The percentage to be used depends on our salary amount, someone 5% can be some else 1% in a nutshell there is a variation so it depends on your salary. But in anyway, it shouldn't be more than 1%. |
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Lol, I know religious belief especially Christian detest gambling habit, since it seen as a quick money scheme. I don't believe in superstitious believe and people putting there imaginary ideas about stuffs. Lmao, the Man saying Demons control how? Mehn that's a business runned for profit making of which gamblers try to alternate which leads to loss and wins.
The fact remains, that Gambling sites will always be a step ahead of gamblers, just to protect as well as profit from there business. Let's not attached any unnecessary believe, how can Demon manipulate you or is it your lack of discipline and emotional tendencies for money.
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I prefer regular fait casinos, for me nothing is different because the crypto sites still equate your deposit limit or coins to fait, so what the need. From my perspective its unnecessary and i don't see any much difference from regular fait.
The only benefit of any is the fact of privacy but still security of this crypto gambling sites isn't to be trusted, there is more tendency to scam.
Gambling with the regular fait, is satisfying for me and provides exclusive services with privacy especially online casino the only difference here is Coin and Fait.
Casinos are for one purpose, using crypto or fait is just to meet up the target (potential gamblers).
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It improper in all forms. Nothing is funny about this, allowing children to gamble should be prohibited and even gambling houses accepting them should be fined or close down, how can children that are supposed to be in school be at the gambling house for what reason?, Money!! Lol.
Imagine the orientation of such children about gambling from that age what about when they are full grown up if they continue this way, financial crisis and emotional imbalance is certain.
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