|
Regarding the second point regarding leverage, this is a vital thing, the greater the leverage, the greater the risk of loss. Coupled with the use of large margins. This is also very risky. When it comes to futures trading or margin trading, the greater the leverage and margin will increase the risk of loss, but if we talk about profits, the greater the leverage and margin, the greater the profits we will get.
Implementing SL is very helpful in minimizing losses. And the strategy in entering the market is also very influential where we decide to place a position in the price range. If we carry out analysis haphazardly and enter positions haphazardly and blindly to trends, I am sure this can also result in continuous losses.
|
|
|
|
|
Personally, I think that the bullrun this time belongs to Bitcoin or even the BRC20 network. The reason I chose it was related to the ETF on bitcoin which had just been accepted and legalized, especially when compared to the past gold ETF which was able to create bullishness for 8 years after being accepted and legalized, I hope and happened on bitcoin or bitcoin's BRC20 network.
|
|
|
|
I think socialization+joy+drinking+gambling is satisfaction to them. What do you think?
I think for someone who has a lot of money, such as politicians, artists, rich people, it depends on their environment and friends. Usually they use gambling and drinking alcohol and so on as a cover to run business and increase relationships, what is worse is drug use and leads to sex too. Obviously it's fun, and will continue to happen because it has become a tradition. |
|
|
|
|
Forum Rank: Full Member
Bech32 address: bc1qh02dy6c8lpj350zs4jx2rnmtmwj5nrsvhtxscu
|
|
|
|
|
Hello folks, does anyone know about the Bitcointalk notification bot?
|
|
|
|
|
In my opinion, OP's story is the definition of gambling. You are sure of your choice then place a bet.
In gambling, winning or losing is normal and is only limited to these 2 choices. If you win then it is luck, which is sometimes very difficult to repeat.
As gamblers, we should be wise in using betting money because if we lose, we might lose that money.
|
|
|
|
|
Forum Rank: Full Member
Bech32 address: bc1qh02dy6c8lpj350zs4jx2rnmtmwj5nrsvhtxscu
|
|
|
|
|
For me, gambling is an outpouring of emotion. If we have funds for gambling, that's where emotions will be out of control, I'm sure even for pro players, when it comes to gambling games, emotions will appear and disappear suddenly. Maybe this is a matter of mood too, winning or losing are two patented choices in gambling games so the possibility expressed by the OP is a definite thing.
|
|
|
|
|
What I know is that using a VPN is very risky in gambling. Especially if the gambling site has rules that prohibit the use of VPN. In the long term, VPN use will still be detected and can cause several problems with your account. It's better to avoid and try other sites to be safer and more comfortable
|
|
|
|
OP (@REXX COIN OFFICIAL) please update the code for full members in the signature campaign section and there is no avatar image yet so we can't use the avatar, please update the avatar image on thread. Because the requirements to take part in the signature campaign require this to pass the qualifications.  I will update my avatar ASAP if you already update the avatar on the thread. Thank You |
|
|
|
First of all, many thanks to the founder of this forum. I got ideas about bitcoin and bitcointalk forum by watching YouTube videos, I registered account in this forum to know bitcoin better and by studying daily regularly I was able to get better idea about bitcoin today. I had a hard time with one thing at first, because I live in a country where Bitcoin is still illegal, I didn't get any idea about Bitcoin from anyone. I am currently 30 years old, if someone had given me an idea about Bitcoin before 2010 or 2020, I would have made a lot of money investing in Bitcoin today. Luckily I came to know about Bitcoin 2 months ago by watching a youtube video. If I hadn't seen this YouTube video, I still wouldn't have got the idea about bitcoin. When I got the idea about bitcoin, the price of bitcoin was 25k to 26k. If I had invested in Bitcoin when it was 26k, I would have made a lot of profit today. I did not invest at that time as I did not have a good understanding of Bitcoin. Inflation in our country is increasing day by day. I didn't put all the savings I had in the bank, I bought land a few days ago for $10000. I still have $5000 in savings I bought bitcoin yesterday for $1000. I have another $4000, I will buy $100 worth of bitcoin every 15 days.
The only reason I am posting this today is that I bought bitcoins from kucoin exchanger. I learned bitcoins are not secure in bitcoin exchangers. I chose a hardware wallet. Now my problem is that when I try to transfer bitcoins to hardware wallet, I see a fee of 0.0005 bitcoins, what is the reason for the high fee? A few days ago, it seems that it was 1-2 dollars. Fee will not be reduced? If the fee is not reduced then I will withdraw with this fee.
Some exchanges have fixed fee which might be high. In future, choose exchanges with less fees. You can find list of such exchanges online. Exchanges like this usually prioritize speed of transaction confirmation and take the highest standard fees. A few days ago the Bitcoin network was congested and transaction fees were also high. If you have objections to transaction fees, we can first check Bitcoin transaction fees before confirming the transaction, or alternatively use another network. In my opinion, $1-$2 to move $1000-$10000 of profit is not a problem. |
|
|
|
|
Current number of posts (including this one): 592
Rank: Full member
Bech32 address: bc1qt06qmt6qt786knjvly7ex4hd9w33rmw6vr9pyd
Merit earned in the last 120 days: 05
|
|
|
|
Futures trading is really risky, even if you advised your friend to focus only on Bitcoin. If he lacks the knowledge, experience, and capability to perform technical analysis, this scenario will only happen again. Futures come with a higher risk and are not for beginner traders. Better try to do spot trading and practice his trading skills with that or through demo trading.
You could say my friend is experienced, he has been trading for a long time, forex and cryptocurrency. However, his Money Management is not perfect, I am sometimes surprised by the Margin used. And the bad news, yesterday he was liquidated 🤦♂️. At least I suggested Bitcoin futures for him to focus on just that one pair, I'm worried if this continues and he is still determined to trade altcoin futures. We know that altcoins do not always follow Bitcoin. However, if Bitcoin experiences a decline, it is certain that altcoins will experience a sharp decline.
There are several missing information in this post: does your friend have any knowledge about the risks involved with trading? Are $150 a lot of money for him? Is he doing this in order to make money that he actually needs or is he just playing around? Every situation is different, the important thing is to know what you are doing.
You could say he has experience, he has analytical skills but is still inconsequential in Money Management. He's a businessman. Sometimes he trades and he uses any profits he makes to pay off the bank debt he has to build his business. I know the business is running smoothly and has good profits. However, I sometimes feel annoyed with his haphazard trading style, where if he was serious and disciplined he might be able to get stable profits. |
|
|
|
|
Rank/Payroll: Applying for Avatar and Personal Text
Alternative choice (optional): Avatar and Personal Text
Merit earned in the last 120 days: 05
Bech32 address:
bc1qt06qmt6qt786knjvly7ex4hd9w33rmw6vr9pyd
|
|
|
|
Just tell him to hold,
Yes, I have said as much as I can, he actually opened 2 new long positions in 2 altcoins. Well, I can only give advice and can't necessarily make him stop to rest. it's safer to switch Bitcoin and just buy and hold. It is better and safer than trading with leverage.
I also suggest just moving to Bitcoin, but I don't recommend holding or buying spot and hold. First of all, what the hell! Stop loss should be use to limit losses and not use to stop when the funds is almost depleted to zero.
From what I know, my friend opened 4 long positions and with a margin of 20 dollars per position (lev 20x) for stoploss I don't really know what percentage he took. Considering the huge losses I'm sure the stoploss he set was more than -100% So your friend is a trading addict (never heard about this lol)? just let him to gamble until he lose all of his money, your friend will regret if he not win. If you're really care with him, you can ask him to seek a professional or tell to his parent.
Unfortunately, he is married, has a wife and children 🤣. I have tried to give several suggestions such as to just close all positions and stop for a moment or just buy and hold on spot. because I believe now is a good situation to buy and hold before the halving occurs. you should advise him to stop trading if he does not have knowledge and experience about this market, especially to stay away from futures trading because it is more like gambling. focus on bitcoin but should only invest and hold long-term, do not trade bitcoin futures.
Actually, he has been trading for a long time. He has also been familiar with futures trading for a long time, he has also played forex. He is also skilled at technical analysis, but he admits that his fundamental analysis is still lacking. What I know is that crypto fundamentals are more influential than technical ones. |
|
|
|
|
Recently I was contacted by a trader friend, who told me that his trading position in futures was hit by Stop Loss. He played in altcoins, because Bitcoin has recently increased in value. My friend dared to take a long position in several altcoins with capital of $150, and after hitting a stop loss the remaining funds were $12.
I told him to stop and close the entire position he had just made. I want my friend to stop for a moment to calm his mind and emotions so as not to add to the existing losses.
And I suggest that if it starts again, it's best to just play Bitcoin and don't play with too many different types or play too many altcoins. I know that sometimes altcoins are able to provide greater profits than bitcoin when bitcoin experiences a 10 percent increase, but altcoins are also able to provide greater losses.
|
|
|
|
|
Bitcoin is currently in a bullish phase, but recently there has been a slight decline, if the $34,300 level is broken there would be a potential drop to the $30k - $26k range. I am sure that ETF news has played a big role in BTC price movements in recent weeks. If the Bitcoin ETF is still rejected or experiences a decision delay, I think BTC will experience a decline and go sideways.
|
|
|
|
|
This could happen but the probability is very small. There must be a strong factor why Bitcoin will be worth 0, such as a nuclear war breaking out and making the whole world experience the death of computer technology and so on. If that happens what will happen other than keeping it and leaving it alone? Obviously we can't sell it to anyone because its value is 0 and no one can access it if something bad like the one above happens.
|
|
|
|
|
Show Posts
