Seems like most people are already past the Bitfinex FUD considering we're right back up at $5800 after falling to $5500 today, and the speed of the bounce we had today makes me somewhat optimistic that we're going near or above $6000 soon. I too find it somewhat unlikely we'll make a new ATH price this year, but then again we were at the low $3000s earlier this year and we're not even halfway through the year yet. The trend's currently up and I don't see it changing in the short term.
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I was trading with very high leverage on Bitmex (which is essentially gambling) and accidentally placed a very large position that was worth significantly more than I wanted to risk if it was liquidated; instead the price worked with my trade and I ended up exiting with about .25BTC in profits that I've since used to gamble in more traditional places like casinos.
For actual casinos, I once fatfingered a dice roll and went in .05BTC instead of .005BTC on a single roll and ended up doubling my money. That was a pretty significant win for me as I didn't have very many coins back when that happened.
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I used to have problems with FOMOing into trades and losing money in minutes due to the price action moving against my trade, but if you ever have similar problems, just know there will always be a better entry if you just wait. Forcing a trade to happen never goes well, and more likely than not you're going to lose money if you try to force a trade to happen. Wait for a setup to come and use it to your advantage; NEVER let your temporary emotions take priority over other more important things, and don't rely on only one indicator like the golden cross with analysis.
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Glad to see you actually purchased a license for Bustabit's code unlike many of the other crash sites I've seen around here recently! Pretty aggravating that there's so many people that violate Bustabit's license out there.
As for some suggestions for your new crash site, I'd suggest chatrooms with multiple languages so people that don't speak English can still talk with other gamblers on your site, and perhaps an option to invest in the bankroll of the site similarly to Bustabit. I love to support sites and earn some coins through investing in their bankrolls, and it would be great if this option would be enabled on your crash site as well. A few bonuses here and there and/or promotions would also help to get the word out about your site.
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The "contact" link at the bottom of the Picostocks page seems to be the only way you can contact the site (if you haven't gone there already); I also find it interesting that you found this tiny exchange and decided to use it despite there being much more reputable and better-designed exchanges out there that are much better than this little exchange you've listed. In the future, try using a larger exchange like Binance or something similar; an exchange with no reputation like this one doesn't have anything to lose.
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I've dismantled one of my rigs of 570's, the other one is still standing there, unplugged, with a dead mobo, gathering dust. I'm not sure whether it would make any sense to buy a new mobo and spend time to set up a new Windows installation... The Polaris cards are yielding pretty much nothing nowadays.
The Polaris cards are still pretty good for day to day use and more GPU-intensive games and programs you might be using, but if you plan on getting a new mobo to use the card(s) for mining primarily it’s likely not worth it as the potential rewards are tiny as you just mentioned. I use an old RX 570 for gaming and it does fine for gaming at 1080p.
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Sometimes as an investor it's best to simply cut losses past a certain point and just accept that you've lost; cryptocurrency trading and holding crypto is extremely risky, especially for newer projects and projects that don't have working products or simply just don't work well, and looking at news related to whatever coins you're holding is important as well in case a massive event comes up that might prompt you to sell your coins off. I tend to hold larger coins for the long term like Ethereum or Litecoin and not smaller coins as many of them tend to fail over a longer period of time- sure, the potential reward is great, but the risk can also be big with smaller coins.
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If you've got zero prior experience to using trading bots, despite what sellers say it can be somewhat difficult to navigate the bot you plan on buying (in your case, Gunbot). Trading bots are also not completely hands-off, and you'll need to alter and adjust settings from time to time to ensure your bot's running best. To make any real money, you'll also need to have a trading plan in mind and you'll need to enter the plan into the bot so the bot starts executing your plan. I have not used Gunbot specifically before, but all trading bots are fundamentally similar and you'll need to have some basic knowledge of trading to successfully use them.
They sure can make profit for you, but you'll need to gain experience at using the bot and experience trading before you start making bigger profits.
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This is a scam listing. I saw many listings like the one you linked for the Obelisk SC1s a few months ago stating only cryptocurrency is accepted in the description and it seems there's still people trying to scam others through this sort of listing. As for the sellers making listings like this having thousands of ratings, it's likely an account that has been sold off to a scammer. Pretty sad that eBay accounts are being sold now, but as long as you use your common sense and don't buy through listings like this you'll be fine.
ahh, i didnt think about sold accounts. but yes - that would be entirely possible. by no means am I saying it is a legitimate listing - just amazed that listings that blatantly go against eBay's terms are all over on eBay. This is likely because eBay doesn't have any sort of filter or anything of the sort that stops these kinds of listings from making it onto the main site, and eBay takes some time to read through any reports filed, but this listing and the account will hopefully be taken down soon. Just reported it under the Listings practices category and Banned or inappropriate payment methods, hopefully nobody falls for this scam before it's gone. I really wish eBay would remove these listings quicker than they do as well, I recall one of the SC1 listings I saw a while back was up for around a week before it was taken down. Hopefully they get quicker at taking these down in the future.
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I still use the old Chrome apps on my Ledger Nano S, but many functions on the old software are broken like coin price (at least for me), and you're best off just switching over to Live. If you're trying to update your Nano S from an old version of the firmware, you'll need to first update to 1.4.2 before going to 1.5.5 as the support site for Ledger says here ( click for link). If you're trying to access ERC20 tokens on your Ledger, MyEtherWallet allows you to connect your Ledger Nano S to their web interface where you can send and receive ERC20 tokens securely. Click here for the link on the MEW site where you can do this.
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This is a scam listing. I saw many listings like the one you linked for the Obelisk SC1s a few months ago stating only cryptocurrency is accepted in the description and it seems there's still people trying to scam others through this sort of listing. As for the sellers making listings like this having thousands of ratings, it's likely an account that has been sold off to a scammer. Pretty sad that eBay accounts are being sold now, but as long as you use your common sense and don't buy through listings like this you'll be fine.
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Follow the major trend and stop going against it, and use risk management correctly. If you're trying to go against whatever trend's in play you'll just lose money eventually, and if you're not setting stoplosses and manually closing trades you'll also lose eventually. Scale in and out of trades and set appropriate stop losses to lower risk, and don't let emotions get in the mix. Also remember you don't always have to be trading- if you don't see any good setups, wait till you see viable ones and try to get in. If you're forcing a trade you'll more often than not lose money on it.
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KYC can be justified in casinos if there's a legitimate concern with a player or something of the sort with stolen funds from other places and such, and ideally KYC prevents fraudulent activity from happening, but the way it's currently used by some shadier casinos isn't good when those casinos use KYC as a way to stop players from withdrawing won funds. I also don't like to submit KYC because I'd gladly gamble on a casino that doesn't require KYC than one where I have to submit KYC to play at the risk of my identity and documents being stolen which could cost lots of money, not to mention it can take quite some time for your KYC application on a site to be cleared as well; even if a site requiring KYC is better than another, I'm going to the site that doesn't require KYC first.
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Would definitely be good for exposing more people to cryptocurrency based gambling as many people are still not aware that this exists, but I don't see this happening anytime soon still. Wikipedia currently only has a tiny section for online casinos which can be viewed here ( click for link), and the only one I know out of the three that accepts Bitcoin is Bet365, and I can find only one match for the word cryptocurrency in the Online Gambling article on there ( click for link). Seems like they're not too keen on adding lists in the first place as well.
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I highly doubt you're going to get anything else out of this exchange considering they've blocked your account already and the exchange doesn't seem to care much about the scam reports against them on this forum. Might be worth the time to make another scam report, but it's likely the site's not going to take any action against any scam accusations against them and your money's likely not coming back. Might also be worth a shot to contact the account that seems to represent Bitinka on this forum here ( click for link). Either way, take this as a lesson learned and use larger exchanges in the future. Even larger and more reputable exchanges can have sporadic issues now and then, but you usually won't lose your money with them.
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I mostly trade to increase my BTC stash as well, though I do cash out on some occasions to fiat for when emergencies come up or unexpected costs arise. I used to dabble with stablecoins like Tether in the past as well, though I mostly just keep my trading balance on Bitmex and do a few trades here and there.
If you're looking for other stablecoins to use instead of Tether, though, USDC and TUSD are two alternatives that I see being mentioned a lot. USDC is backed by Coinbase AFAIK, should be better than Tether for that reason alone.
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Why every prediction is always on 2020, is it because of the halving? Can't wait to meet the bull run.
Yup, people expect the halving to have a bullish impact on the price, but things are different this time around as with every bull cycle in Bitcoin, with fundamentals being better and more adoption, etc. One thing that stands out to me this time, though, is that people saw how much the price of BTC grew from the last bull run to $20k and more people are anticipating this than ever in Bitcoin's history. There were fears that BTC could've completely collapsed in 2015 (that risk is now gone in most people's eyes in 2019), and few people really held from the lows of 2015 to 2017.
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Personally I actually don't take part in many promotions as many of them have a pretty high wager requirement until you can withdraw, which I don't like, but I know there are others here that do take part in lots of promotions. They certainly do attract newer gamblers and help crypto gambling as a whole grow, though, which I support.
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If you're looking for more productive things to do on this forum to earn BTC, the Services Section is chock full of opportunities and potential tasks/jobs you can do to get some cryptocurrency, like making signatures for signature campaigns and bounties and more. Airdrops are only a small level above faucets at this point in time (they're both bad uses of your time), and they're also far less profitable to participate in than they were back when the great 2017 bull run was happening, as less money's invested into newer coins overall now.
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Remember that in addition to making a strategy of getting in and out of trades, it's also a good idea to move any stoplosses upwards whenever necessary. I've had many trades go wrong at the last minute because I didn't move up my stoplosses and I lost potential profits as a result. Only make a trade when you've got aspects like entry and exit fully planned out, or you're much more prone to panicking and making poor decisions off of temporary emotions.
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