1 - Understand the fundamentals.
2 - Invest in your education
3 - STOP LOSS AND TAKE PROFIT
4 - Create a trading strategy
5- Only trade with money you can afford to lose.
6. Join the best cryptocurrency trading signals group, such as MyCryptoParadise, for cryptocurrency calls and analysis. (best part is they will educate you on all of the above points)
I would never agree with point 5 because "trading with only money you can afford to lose" shows that you are considering trading as a gambling thing. Imagine if you are doing a startup and putting your valuable time and efforts into it, won't you risk investing everything you have to make it successful or would you restrain yourself from investing despite knowing a bigger capital will go a long way. Another problem when you trade with the amount you can afford to lose is that you will be reckless in your decision making, knowing you don't really care if you lose the money. I believe that you misunderstood that "rule". It just assumes that, being a pleb who would lose it anyway, we should not use a large percentage of our savings as capital for "trading", especially if the "trading style" you want to copy is a more active day-trading style. In fact, if you truly wanted to profit big and take on the biggest risk of your life, use close to 100% of your savings to buy the DIP, and HODL! If you're single with a job, and no responsibilities, the golden opportunity to start thinking about investing irresponsibly is coming.  |
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2) There is no unlimited capital from someone like me, even if you might have the sense that I have unlimited capital because I maintain buy orders down as far as I do. It seems that it has taken me years to be able to get to the point to be able to establish maintaining orders and without running out of money. However, if the BTC price crashes 50% from here (which would be nearly down to $14k), then based on my current set up, I run out of money at $19k don't I? That's far from unlimited.
I was merely speaking metaphorically after seeing you DCA from $60,000 going down to $30,000, which from a sanity-preserving standpoint, it's honestly very impressive. On another topic, the IMF wrote a white paper about Bitcoin, and Corruption and Capital Controls, to which they concluded that, Cross-country regression analysis using a general-to-specific approach finds that more crypto usage is empirically associated with higher perceived corruption and more intensive capital controls. Overall, our interpretation, combined with a principle of prudence given the rapid increase in macroeconomic relevance of crypto assets, is that this evidence adds to the case for regulating crypto usage—for example, by requiring intermediaries to implement know-your-customer procedures. The analysis also shows the need for better data to understand the dynamics and the key driving factors behind crypto adoption. Meanwhile, work should continue in using the technologies underlying crypto assets to realize the potential benefits to financial inclusion and the efficiency of governments. https://www.imf.org/-/media/Files/Publications/WP/2022/English/wpiea2022060-print-pdf.ashx I believe the truth is, it's actually corruption that creates the demand for technologies like Bitcoin. |
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The competition between different online casinos is very high.
It's currently going higher if you noticed that there are more and more long-term signature campaigns by casinos in the forum. But I believe it is not that competitive yet because the Bitcoin gambling market is still growing.
Therefore, PR and advertising are very important for them. There is a scientific study according to which it is psychologically easier for people to lose (lose in gambling) cryptocurrency than fiat money. Cryptocurrency is perceived as something not entirely serious (although it is not).
That would then be good for ALL the Bitcoin casinos if that study is accurate.
In addition, among people who are fond of cryptocurrencies, there are many very gambling and risky people.
Therefore, online casinos are interested in the audience of the Bitcointalk cryptocurrency forum.
But to scale the business and remain competitive, they are required to find, and opt-in to other more mainstream markets too. |
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It is true that there is a segment of loyal customers who will always stay with the platform regardless of forum advertising or signature campaigns. The question is whether that support is enough to sustain a regular user base and long term existence. For example, there are new, modern gambling platforms that pop up all the time with a lot of fancy features and user friendly interface. Those platforms are only able to compete on features with the bigger traditional brands because of the bigger budgets they invest in advertising. When something is really well marketed, and well received by users, then it's going to be a tough challenge for these older platforms to compete in the market. Most of these platforms end up going out of business if they don't invest enough in their marketing and do not keep up with the latest technological advances of their peers.
If you ask me, I believe that there are other casinos that might have started to spend some of their marketing budget outside Bitcointalk. Advertising in this forum first is the best path to build a loyal group of users, but capital is limited. To scale the business, it requires some of the casinos to reduce marketing here to increase marketing somewhere else and increase their users on top of their loyal customers. It's merely another trade-off. |
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Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.
As a fellow pleb, I view it as completely understandable, and it will be better for your sanity. BUT, place bids near over, and under the 200-week SMA line. Bitcoin has touched it always during a bear market, but has never stayed under it for a long amount of time. THEN HODL. |
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Having a war is quite expensive because of the things they need to maintain and produce such as the different weapons, defensive items and etc. I guess having a ware is not ideal with the community of te particular country, is there any update between the current situation of the both country?. its been a while they make a news with this.
The Ukrainian president is starting to complain that his Western "allies" are not "doing enough" to help in the defense of his country. He also said that the Ukrainian military needed to give up key regions in the country because they can't sustain the resistance against the Russian invasion. Ukraine needs more weapons, and money for additional budgetary assistance. I believe the Russians will sack Kyiv by Christmas. |
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This sounds more like a publicity stunt to fool the masses into thinking they are solving the issue.
For starters most of the energy is spent in the industries, for example most of the gas that is bought from Russia goes directly to factories not the housholds, a lot of electricity is also used by industries. In other words if every house added the solar panels it still wouldn't cut the dependence on Russian energy.
On top of that, there are parts of EU that don't have that much sunlight to begin with. The solar panels would work on a much reduced capacity at all times.
That sounds familiar. It's just like the Fed who talks of "fighting inflation", but won't do enough to actually fight it. The economy needs a hard landing, a crash, a reset. There's no other path but that. In the energy crisis in the E.U., everyone should only believe those politicians are serious in solving the issue, IF they make policies to set up and encourage the production of energy through. |
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A good response to start and be more independent from Russian energy, but it will obviously not be enough. The fastest, and most efficient path to be truly self-sustaining in energy production is nuclear. I believe there will be an overreaction, and the over-production of nuclear power all over Europe will be good news for the Bitcoin mining cartels.
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I’d say it’s safe to say if this is happening to you when gambling you should really hang it up, especially if you have a family. I get pissed off when I lose a bet, but it’s not because I can’t afford to lose the bet, it’s simply because I hate losing. I don’t ever gamble what I can’t afford to lose, so I never put myself in any sort of bad position. I know it’s not just that easy for some, and I wish those who can’t control their gambling the best of luck in trying to do so !
People will learn, always the hard way. It is also like the community's other "favorite sport", guessing the price of Bitcoin/a shitcoin, than gamble through "day-trading". I'm single, but I have definitely learned THE HARD WAY that the only way for me to build my capital is through HODLing. To the people who have an abnormal reaction to gambling like IBS, play the lottery or slot machines. More time to go to the bathroom and do your business. Haha. |
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How can we know the game isn't rigged?
The old trick of the papers with numbers isn't a fair way to select the winners because we can't verify every single ticket in the basket. I would say it's complex to trust on a site like this. But good luck with the project.
I'm sure that there would be absolutely no reason for Jumbo Ticket to cheat their users, but a high standard of trust is necessary from the user to the service, with the service being a centralized entity. From my post before, I believe a good feature to have for online Bitcoin lotteries would be to get the results from the Block Hash of the Block Header of a predetermined block. It would remove all questions of manipulation. |
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I believe the debate is going nowhere sers. I personally agree with some of your points, but in trying to understand the standpoint of WasabiWallet, I also believe that what they are doing is a necessary trade-off for a segment of users in Bitcoin Land. Let's leave the users/community to decide if they actually think Wasabi is good for their own usage of Bitcoin.
nopara73, where can we get the data for Wasabi's usage before, and after the update?
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Irritable bowel syndrome
Also called: IBS, spastic colon
That's caused by too much anxiety, fear and stress! You should take a rest from gambling. The same experience happens to people who get ready to be in a fight, but he couldn't handle it, then suffer irritable bowel syndrome before the actual fight started. I believe that's where the expression, "he shit his pants" came from. Hahaha. |
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I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.
I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?
Lightning Network is for bitcoin and so if the site already has implementation of the LN then I guess most of us would use it to save the fees from on chain network. When it comes to altcoins, many of the altcoins have a cheaper fees already. I generally use altcoins for gambling because we tend to lose money in gambling and I don't want to lose my precious BTC. I admit, our HODL-mentality might be one of the main reasons why shitcoins are being used more and more. I also can't disagree, gamble with the shitcoins, don't forget to wash your hands, but keep the precious Bitcoins as savings. It both has its pros and cons, or a trade-off? I will post a shower thought about it in my Buy the "DIP, and HODL" topic and have JuanJayGee post his own opinion about it. Hahaha. Everything has it's own pros and cons. When it comes to gambling with bitcoin I think the cons outweigh the pros for me. For me, bitcoins are too valuable to lose in gambling which is why I never gamble with my BTC and rather opt for free coins to gamble with. I thought the point you were making was, if given the choice between which coin to gamble with, for example Bitcoin or Dogecoin, the decision would always be gamble and throw away the Dogecoin but keep the Bitcoin because it's more valuable. Defining "valuable" here is not what is "financially valuable", but what's truly valuable based on the coin's underlying nature. Bitcoin is the most valuable of them all. |
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It then makes logical sense for them. They want to provide their services to institutions who merely want a mixer/tumber, but without "the taint".
Taint only exists because institutions like Wasabi perpetuate this nonsense. I agree, but this is the point, "they" don't and "they" can lock us out of our accounts from "their" services/confiscate our coins. I don't know which services you are talking about, since governments and regulators don't directly run services where you deposit coins or might have an open account. Do you believe that a user who mixed/tumbled his/her coins through a sanctioned mixer would be accepted by exchanges like Coinbase, or Bitstamp?
But if you're talking for instance about a centralized exchange; first and foremost you shouldn't be worried about your account being closed, since you shouldn't have any funds on there anyway.
Me? You're right, I wouldn't have any funds there because I'm a poor pleb. Hahaha. But that's not the point, plus you nor I, are not the only users of Bitcoin. There will be other users who might be willing to accept the trade-off of being a WasabiWallet user.
And if you're worried that some service or platform could deny your payments if they haven't been green-lighted by Chainalysis / them (whoever that may be), then consider switching platform or telling them to stop using payment providers that filter and censor certain Bitcoin payments.
It's not Chainalysis that's giving the greenlight ser, it's those services not wanting "tainted coins" according to their definition, whoever that may be, that made Chainalysis a necessity. I personally agree that the user should consider switching to services that did not censor transactions, but that's not the point. Because another user could consider not to switch, accept the trade-off and continue with Wasabi, knowing that he won't have problems sending his coins anywhere. |
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I see this is not a casino game but a lottery game where in one spin will produce several big winners. This is indeed unique, I usually see gambling sites as casinos with various games, but they don't make sweepstakes part of the game, while jumbo tickets actually make it their main game, but it will look boring if you just draw. will there be fun games in the lottery?
Actually no, with all of the casinos offering games that require 100% of your active attention, I believe Jumbo Ticket will find its place in the cryptocurrency gambling industry for users who want to bet on lotteries. What would be a nice feature for Bitcoin lotteries would be to base the results of the lottery on the Block Hash of the block header of a predetermined block. |
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While at the same time, never say never, even though historically we have not had too many breaches of the BTC price below the 200-week moving average for extended periods of time.... even for more than a couple weeks, at most... that's BTC price history.. but still not guaranteed, even though it seems reasonable and prudent to consider those kinds of possible extremes and whether there might be plausible scenarios in which those kinds of extremes might end up getting breached this time around.
No it didn't, but there's always the possbility that it can touch it ever so slightly, which could give plebs like me a golden opportunity for another good entry. Bitcoin might be in a phase of "$29,000 is the new $6,000 of 2018". Plus there's a time for FOMO, there's a time for finding good entries. It's very obvious that it's a time to find good entries. It might not matter for whales with unlimited capital like you, but for poor plebs like me it does. |
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Simply stop day-trading, or any more active form of trading.
It just depends on the ability of certain traders. If they want to do day-trading then do it, you shouldn't let people like this tell what to do and tell em to avoid certain thing. If you are capable to do day-trading and know the risk of this type of trading, then you should go for it maybe you will earn something from it. I just hate it when people say, please stop doing this and then do this, where they don't even give the correct reason of this. That's true for some traders, but it's not entirely true for the majority of "traders", especially those "traders" who are merely plebs like us. In day-trading, changing your bias every minute/hour could cause you mental disorders from the stress if you do it for years. Plus you're only profit is cents per dollar traded. Why would you spend your whole day looking at charts when it's profitable to simply Buy the DIP, and HODL? |
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I honestly didn't. I read the first two replies, then posted. I believe a profile link for Jumbo Ticket's Bitcointalk account should still be posted in the OP, just to let everyone know officially that it's the real account.
You didn’t read the OP either or missed somehow mate. Just read the special note put below of the thread. I have linked the official account of Jumbo Ticket there. I honestly missed it, or I would not have asked. But I saw it later when another poster scolded me to carefully read everything. Hahaha.
Getting back to the issue- Phone Number
I believe Jumbo Ticket should consider this. There are more ways to prevent abuse of the bonus. But most users here don't like to get KYCed.
It's a necessary trade-off in my opinion, or else Black Hats who can hire people from a service like Fiverr can take advantage of the bonus in Jumbo Ticket, by large numbers, like they did with BitLucy. Although users can sign up with Gmail, I believe give another option for other users to sign up without the phone number requirement, but with no offers for ANY bonuses from the site. |
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Congratulations on your nomination for Rising Star of the Year for affiliates in cryptocurrencies. I believe a win would bring more Bitcoin awareness and appreciation, and more people hopefully would try it out. Plus can BitGosu post a guide for the best casinos built on top of the Lightning Network? I believe direct Lightning off-chain gaming might be the next phase for simple games that the community has known and love, like dice, roullette, lotteries, and binary options. |
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So are you facing any issue with password and logging into Roobet ?
Roobet is one of my favorite gambling platform and i often play there along with few other gambling sites.
Yes only the first time I login after a few months of leaving this site I just found out this is their attempt to keep user accounts safe. I suspect this will happen if we don't log in for some time to ensure that we are the owner of the account security code will be sent to email. If we don't enable 2FA, this will be very helpful hackers are not easy to take over accounts. It's especially important if your account has already gone through KYC. Because as casinos in the internet become better in detecting fake identity/information details and fraud, the value of accounts that are validated with real ID/information details behind it go up. I believe there's a growing black market/dark market for hacked accounts with KYC, which should make your casino do extra measures to secure it. |
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