It could've been caused by any of those, or all of them altogether. Seriously though, not sure why people are still getting surprised when bitcoin moves significantly in either direction. Are we forgetting that bitcoin has been volatile as hell since forever? And it's not like $54k is a huge drop; we were just at the $40k+ range in March lol like seriously.
If people didn't make a fuzz about the price drop, I am sure that I won't be quoting and replying in this thread, @mkr is right, we don't have to worry about it, bitcoin was pumping up for a month and you get your knees weak over a dump that has only been happening in a week, don't worry people, just hodl and you will get that Lambo someday. |
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It's only a problem if you are an impatient person who wants to make a lot of money at a short timeframe. Think about it, if it takes long to recover then you will have more time to accumulate more bitcoin so when the time that it recovered, you will have a bigger profit because you hodl large amount of bitcoin over the course of the recovery of the bitcoin prices.
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To be honest, music industry is the last thing that I believe will be adopting cryptocurrency and bitcoin as a form of payment but here I am being proven wrong with Beatport doing the adoption, this is going to be a good thing for bitcoin because it will increase its popularity among the music scene.
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If Bitcoin crisis were to really come, then I would probably be happy because the payout in my signature campaign is going to significantly go up and I can accumulate more bitcoin when I buy with my fiat money. It's just a matter of perspective, I don't get scared of bitcoin going down anymore because I know that it will be a temporary down and I know that I only see it as an opportunity to buy more bitcoin and hodl.
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2030 is such a short time for you to say infinity 9 years from now, if you deduct 2009 till now you will see that it surpasses the year you are claiming now. Personally, I see bitcoin climbing the ladder more than the years you are claiming. There may be some adjustments and policy to it but will supercedes the time you claim.
Only way to know if bitcoin will last is if we just let it happen and just watch, let the times roll and do your own thing, I mean speculating the timeframe is not that worth pursuing since the only way we can know for real is if we just leave it be. |
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Bitcoin transaction fee is now a big issue for low investor. Its increses day by day. Hope it will soon fixed and we will be able to send and recieve bitcoin with low fee. I will turn back to Btc when it cost low fee.
Yeah, I find it hard to cash out my bitcoin whenever I want to because of the fees that comes with it, good thing that we can convert bitcoins to other coins that have a lower fee. I think that the developers are fixing the issue right now and I am hopeful that they will arrive to a solution soon. |
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But that doesn't mean that you will have to put all of your money in bitcoin, remember that you should only invest what you can afford to lose and if you are risk junkie then probably going for a 50% increase is enough but remember to not put all of your eggs in one basket, bitcoin may return big money than banks but it doesn't happen overnight.
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I agree. Haters gone hate. Have fun staying poor!  As if laughing and berating their financial status is going to be good for bitcoin community as a whole, I would agree that haters gonna hate but don't become the hater, let them get angry and let it dissipate, not reciprocate. I believe that the dumps in the market prices might be the reason why bitcoin is getting a lot of hate but what's new? Bitcoin has been enduring these things for a decade now. |
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Will they be able to do a big one though because that is when scaling is tested. That would be awesome to add more coins to use in your gambling site especially with the gas fees are so expensive right now and having coins that has lower fees will be for the best.
All this is correct, of course. Bitcoin and Ethereum upset everyone with their commission. But if devs add cryptocurrency with low commissions, then one must bear in mind that different countries have different priorities for the coin and it may happen that the cost of adding a coin will not justify the influx of users who will use it. So you need to think very carefully about which coin to add. Maybe DOGE can do the trick and XRP, I heard that they have a low transaction fees. How come country is a factor when choosing a coin to integrate in your casino though, this is the first time that I have heard that country is a factor so please enlighten me. |
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I don't have a lot of experience with all of them but some of my friends who gamble and bet are always playing on Sportsbet.io, I did try and check their site and I would say that they have the cleanest looking website that I have seen in a while.
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I like the emphasis you have put in saying withdraws are processed within 5 minutes, keep it up guys, am yet to try the casino out!!
Just one concern, it would be nice of you guys if you added more coins on the casino that don't have high transaction fees to allow easy and faster deposits because our beloved ethereum and bitcoin can be a menace at times and we need alternatives.
Will they be able to do a big one though because that is when scaling is tested. That would be awesome to add more coins to use in your gambling site especially with the gas fees are so expensive right now and having coins that has lower fees will be for the best. |
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Good to know and I hope that you hold on to that word because a lot of sites say the same thing and they didn't deliver, instead they double down on making the user the bad guy. I will probably check you out when everything that I am currently doing is finished.
No, we can't make the user "bad". Our goal is to make the most HONEST lottery possible (maybe even the most honest in the world for the user). If you don't trust - you can always try free tokens, testnet, keep only small amounts. I am not implying that you do that because there have been a lot of accusations overtime and almost has the same narrative. Now if you deliver then you are safe. I am not saying that you are suspicious but we can never be too careful on the Internet right? |
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Since you are a lottery, you won't mind asking whether what is the amount of the jackpot? How does your lottery works because there are different kinds of lottery. What if someone wins using a free token in your lottery? Are you going to hold the winnings of that winner and ask for an impossible and taxing KYC.
We draw only the entire amount of the game, read more in the description of the topic or in F.A.Q. Winning with free token - you can withdraw without commission and any amount within ~10 seconds in ~3 clicks. KYC procedure is not required at all stages. Good to know and I hope that you hold on to that word because a lot of sites say the same thing and they didn't deliver, instead they double down on making the user the bad guy. I will probably check you out when everything that I am currently doing is finished. |
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I don't get how they are able to do those kind of things, I mean you are basically exploiting the system and it is also unfair to other people that are trying to do it honestly because they get left behind. This isn't my first eencounter of a bot for exploit but damn, this is a sad story hopefully BMs will be able evaluate how they choose their participants.
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OP, what are your goals? Are you a good trader? What’s your financial condition?
Personally, my goal is to have enough Bitcoins for my retirement 30 years from now. I’m a bad day-trader and no time for it, and I have a stable job, and a side job. Then for me, it’s buy then HODL.
I also am doing the same although I am still a student, I am hodling because in my opinion, it is more safe than buying and selling or trading bitcoin at current prices because you never know if the peices are going to go up even if you sold your bitcoin or if it will go down so if you are just hodling then probably, you wont be affected by short term dumps. |
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I admire and congratulate you in advance but most of the replies are right, you should add some more details in your post because some people might want to check out how you do it and sending pictures isn't enough to garner attention. Maybe the pictures as a proof would be good but you should add your analysis.
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Well, such strategy can work sometimes and it seems the OP have already proven that to be working on his favor. But the market movement is not always into that pattern that when the price of Bitcoin rises, the Altcoins do dump and vice versa. Maybe there might be times that such strategy will work out but not all the time. It will still be depending on the trader himself on how he will get along with the market to work against odds and make things work on his favor since we manageably work on how we can turn things into opportunity whether the state of the market is on a dump or pump side.
We need more proof because this might be an isolated case and I don't think that it wouldn't hurt if someone were to try what OP did. I do agree with what @Yatsan says here, it might work now but it isn't a foolproof strategy, you still have to watch out for some signs and most of them do not work well with OP's strategy. |
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As much as the article is from cointelegraph, but it's half-baked and disappointing. It provides no data to show how popular the apps are. I don't have an Apple device, so I decided to check out Google playstore since Android has way more users than iOS and the trading apps aren't even anywhere close to the social media apps.
Facebook - 5B+ downloads
YouTube - 5B+ downloads
Tiktok - 1B+ downloads
....
Coinbase - 10M+ Downloads
Robinhood - 10M+ Downloads
So I don't know what cointelegraph is basing on.
Not to mention that social media is far more accessible compared to trading apps in any country. I think that social media is just a platform to make things trending and I don't think that it is worth comparing it to trading because they are completely different. Even if people are interested in crypto aand stocks, there's no way that it will pique everyone's interest. |
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After 4 years of trading in the cryptocurrency market, I can definitely say that without competent risk management, you will not chew in the long term. In general, I came to the conclusion, that your risk management is built correctly, when you can sleep peacefully at night and not think about deals and positions))
I am pretty sure that the 1st year is going to be the crucial part because that is where you develop your risk management, also congratulations to you for reaching the point in trading where you can rest easy even though you are trading. |
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The "investing in really cheap coins" is a lot harder than being implied here. There are simply just a small number of potential winning trades in a sea full of really really bad investments. Like seriously, just go with bitcoin.
The problem with going all in with bitcoin is that you are not diversified so you might miss another up and coming coin, I do get the plight of taking chances on different coins that could go either up or down but if someone were to do a research, I think that taking chances on those coins would be the best option. |
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