I have never used a physical exchange so I don't have useful feedback to contribute to the topic. But if you are worried about your security, try to exchange amounts where you don't have to show an ID or fill in paperwork that leave a trail that could be used against you. Shops like that usually have a threshold where no KYC is required. If you want to exchange more, you can always go in twice, use several different shops in town, or have a friend help you out and exchange a bit in your name.
Before, there used to be a physical ATM where you can convert your BTC/cryptocurrencies to our desired currency. Though I have seen some people used it, I have never used or utilized such ATM. In addition, I also read in our local tabloid that majority of these ATMs consisted of errors that will not dispose of your cash but eat your BTCs in the process. To answer your question OP, physical exchanges in my country are almost impossible to witness due to the existence of our local exchange. This local exchange converts our cryptocurrencies to our local currencies in which you can cash out to different pawnshops that offer money services. And if there is any physical shop where you can have or withdraw your BTC, then it just basically via a centralized exchange or bank. And that right there just violated the main purpose of BTC in the first place, there should not be centralization. BTC's main purpose is to be used by P2P. If there is any shop, it could be a physical shop as goods and the means of transaction between the shop and the buyer is crypto. Having bank in the middle on my opinion is unideal. It just don't sound the way how crypto is fundamentally be used originally. |
|
|
|
I don't know the answer could be a long answer but the simplest version of my opinion would be like this
Lend if you want more money while hodl but it has minimum risk, tho it is considered as a risk. and you need a person to use your money. Default on loans is still a thing and problems like this will never be going away. and most bitcoin lending would be on centralized exchange.
Hodl if you have enough money and can forget the noise of the volatility and the purpose is for really long term not a profit in short term and you dont want to take any risk associated with lending activities
Simply having Bitcoin and holding it is a risk in itself. Putting it on loan or getting it into a stake is stacking another risk. It is just a matter of how much can you tolerate with your risk appetite. Also, in my opinion, you are just basically being bored and impatient with profits for holding BTC. Because holding you requires you nothing to do something about it. And you want to do something about it. That is. If you want to lend it, sure. Just take in mind its duration and credibility to which platform, exchange, or p2p you are going to lend you BTC |
|
|
|
Cryptocurrency is risky, and while we are aware of the basic requirements that must be in place in order to profit significantly, not all of us are aware of an appropriate season to trade. Most professional traders prefer the bear season, which, in my opinion, is the best period to conduct critical study on crypto projects, uncover ethical road maps, and invest in them for a possible solid future. The bull season is most likely harvest time; we reap what we sow in the market. Which season is better for trading, the bull or the bear?
As a normal speculator back then, of course, it's always on the positive side with the bulls. But being a trader, you will soon realize that the direction of every swing actually doesn't really matter. As long as there is a clear direction going higher or lower in the market, it will always be a viable day to trade. You can either go or short with the leverage that your capital can endure. When it goes sideways it's the time to preserve the capital. |
|
|
|
We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.
As long as there is no war or any global news events that could affect the market, asset classes, and currency will always be in a good position. The main question to ask is "How well can you position yourself?" and "Where would you position yourself?". Rejection from the downside could be a sign of price going higher but until what high? You can't control the market, but you can control our entry and you exit strategy. No one can predict future market conditions, if this can be done then they are just guessing, everyone just keeps buying because they hope the future price will improve, other than that usually people who like to guess don't do anything, just give guesses, I even followed several people who gave 2 guesses, namely the price will skyrocket and the price will decrease, if something goes wrong, the post will be deleted.
I also don't understand why you think like that, because not everyone who guesses does anything. I'm not even sure if you've done any research on those guessing except for a few people you've seen in person. After all, those who make price predictions are actually not guessing, but rather speculating on prices that have happened before even though this will not be completely accurate because prices always tend to change over time. Speculating is nothing when you don't have any system to capitulate the move. If you won't get in, then what for is your technical analysis. What I mean is, you don't need to be 100% precise on your analysis. An investor just need a system to when to get in, and let the rule of probabilities do its role. |
|
|
|
I did it many times back when my addiction is very high, I promise not to gamble after I lose a big amount I even swear that I will not, but the following day I'm back even promising to be better and not lose a big amount again.
How many of us are guilty of this?
Guilt is a gift from God reminding you that you're doing something that is violating your true self. I would suggest forgiving yourself and stopping self-sabotage. Have the self-respect to commit to the promises that you tell to yourself. Build it from the ground up. You will then realize that you are not only improving your gambling practices but also your whole life. Discipline is the key. And if you want better result, applied disciplined in gambling is the holy grail. |
|
|
|
Is There A Time That You Calculated All Your loses In One Year One Online and Offline
This is the most depressing thing to do, you'll be surprised at the amount, I did this 4 years ago on offline number betting and Lottery I kept all the tickets I sometimes win 3rd and 4th prizes but every time I won consolation I increase my tickets I consider this a sign that I will hit the jackpot soon but unfortunately it never happens.
When I count all my losses on numbers and the lottery it's enough to buy a small parcel of a lot and build a bungalow type and we're just renting a room back then.
Again I did it 3 years ago when I become active in online casinos and the amount is also depressing I could have bought a tricycle that I can use for a living.
So I stopped counting my losses and just minimize my betting I just tried to be happy on the thought that I have good times betting and I enjoy the thrill.
That is what you call self-awareness. By stopping doing it, you just simply told that you are afraid of the fact that you are wasting money. That you are doing something wrong. BUT.. the good thing is, you did something about it and put yourself in a better situation. That is minimizing your losses. Constant review for a year would be a great help just like OP did to how and where you can adjust. Don't avoid it. Conquer yourself and be a better human being. Maybe gambling gave you an opportunity to reveal your character flaws or methodologies but who cares. As long as you do something about it that would make you a better human being, that is a W. |
|
|
|
Gambling brings so much joy especially when you're on the winning side, when things are all in your favor it just seems like you should never stop. But when it gets bad, you look for a way to pour out your anger, either on someone or on something.
When someone is addicted to gambling I feel it's worst than one who's addicted to drugs.
So much has been said about betting companies regarding how they should be responsible in helping those who are addicted to gambling, although is really hard to do so on there own path because gamblers can't be monitored.
I don't know if booking an appointment with a therapist would help or is something you as a gambler who wants out should do on your own.
The question is if you're a gambler or have someone who is, what's the best way to help out. And what's your story on escaping that addiction (gambling)...
How do you fight this battle?
I would say that putting limitations would be the best thing to do. Set a goal for your wins, then stop when you reached it. It is a fallacy that "you should push your luck". This is a big NO because the tendency are you only end up giving your money back that you should have won if you just stop after you win. So setting a goal. For example, after doubling your money, you will stop. Because there will always be another day to bet. Another set a loss limit. This is in terms of a losing streak. You want a revenge, you want to get your money back, but the casino doesn't care. So set a limit how much can you loss in a day. And if it is once reach, again come back another day because there's always another day to bet. The most important part is sticking to it. Rules you set for yourself are just guidelines. But how well can you manage yourself to follow it well? It is an inside job. |
|
|
|
Im trader over 12 years of experince.
I like to challenge myself iwill use mainly moving average indicator.
My goal is to start with 7$ and in 15 days i'll turn this into 229376$
I'll post here results when i have done this my PNL from binance.
This is unrealistic. Yes flipping accounts is probable, but in the current market condition, this will be unsustainable and set the wrong perspective for the new traders. But since OP is we could say an "experience trader" for almost 12 years, maybe he can. But he's just like a lion on the circus tryna show his tricks. It will be cool showing off, but unnecessary. I won't suggest this idea to beginners. Understand and apply first proper risk management. Have a good track record and find good investors with the trading system that you established your trading. And to OP, goodluck with your challenge. |
|
|
|
My spot market trading stradegy.
First we need to understood that coin the assets can fall down max of 100% and Even this one is very high %
Usually it's 10%-30% price fall in 24 hours.
Here is the example what i do:
I have 1000$ capital for this If coin falling let's say 30% i buy with 300$ so Im safe.
If coin falling 10% then i'll buy 100$
The 24 hours % fall Will show me the % i can buy it from my total capital.
Once i buy it i'll wait for rebound and then i'll sell it for higher price.
If i buy with Same % of my capital then i Will have capital left enough of my total money to buy up all 100% price fall.
I hope you like it and it Will help you
As long as you have a system then you are good to go. Now the true test is being a TRUE TRADER and to FOLLOW YOUR PLAN WELL. This will prove your profitability. Build consistency on your trading by executing it well. It will work. Since it's in a spot, you won't lose money unless you became impatient and sold your position. That is why following your plan is the most important. As a tip, I would say be more specific. of the following: What is your RR? Where is your Stop Loss? Where is your Target? What time of day will you engage the market? When will you remain liquid and not engage the market? How will you monitor your trade? How will you journal your trades? |
|
|
|
Financial education has always been a game changer in the financial state of a man, it is the best education a father can give to his children because once you are financially educated, it's near impossible not to be financially stable.
Have you wonder why most lottery winners have gone back to square one after winning or most rich kids losing their inheritance due to poor/bad management of funds, it's because they lack financial education.
On the other hand 1million dollars is truly a life changing amount of money but if you are not financially educated, you will lose it all on the long run,
I don't know if anyone sees it the same way I do?
Money is just a tool. If have it fast, you will surely lose it faster. That if you don't make money, It will make you and it's the worst thing that could happen; to live just for the sake of money. On the other hand, True skill and genuine education are generational wealth. An idea put into action is where real riches begin. With the right skill, money is easy. With the right skill, you will easily get investors and the right people to engage with. Because it is never about the money, it's always been about what kind of person are you becoming and what value can you add to the world and make it a better place. |
|
|
|
What is the real difference between bull and bear market and how can one utilize them to make some good profits?
Here's the major difference from a technical perspective. When it's a bull market, you try your best to buy high and sell higher. The market will significantly go higher fast so the timing is very important. Overconfidence and greed are those factors that make people lose their money when it's a bull market. You make good profits by setting a reasonable target for an asset or a coin you are investing in or holding. Once it is hit, you will get out happy with your profits and not be greedy. During a bear market, if you don't know how to short a position then your highest priority is to preserve your capital and remain patient. What's going lower will remain going lower until the market sentiment change. Just like being bullish, timing is very important. Don't stress too much about catching the bottom, there will always be a lot of movement in the middle of the expansion range once it starts reversing back and going higher. Don't forget one more sentiment which is a rangebound market. This is where we are currently. During this time investors remain liquid and in stablecoins. So that if the price shows its hand to a better market condition, investors have the cash to engage the market. So can you. |
|
|
|
Things are now looking different for crypto in china right now, I thought china will be the most hateful country on crypto after they destroyed so many asics that belongs to crypto miners in the country and crypto mining was also banned.
Now china is now taking the biggest approach to embracing web3 and support some crypto projects, since china has banned Bitcoin over 6 times in the past do you think this is another fake move?
I know that Hongkong is the soul location that's doing all this crypto thing, do you think that the whole country (china) will benefit from this or this case will be that Hong Kong will be the location for crypto things?
What's your belief on these? Are they trying to beat the US to it? Because right now the US is playing dumb with crypto and china sees a better opportunity in crypto, what do you think?how will this end?
I believe that success of one country in integrating crypto does not determine the failure of another country. I don't think that there is a hidden propaganda behind china, but maybe they just now see the benefit or the development of crypto especially the investment opportunity it can provide. Though it isn't what truly their intentions are, accumulating more crypto doesn't mean it will beat US or another country. That just mean that they are just trying to capitulate more than the other country. Nothing more. I think as long as the economy remains stable, no wars, or epidemics, the market will remain on a sweet spot accumulating wealth because right now, crypto has already gotten lower and still at lower prices. |
|
|
|
Now the economic sector has sunk, and is it worth buying shares, if so, in which area? I am considering buying shares of any Internet publications and large companies, is there a demand for them and will there be an increase in shares?
What's gone up must go lower. Don't you think it's already creating a top and if so, you are going to buy it on a very high price? Don't get hooked up by influencers to tell you to buy stocks today because it's going higher. Don't if you didn't do any analysis on your own. You may consider technology sector but not those large caps whose already gone the expansion phase, many companies with almost the same valuation but still undervalued will soon follow the trend. Just don't buy the top. You may also consider BTC, it also affects a it is within the scope of web3 and technology. Just think of it. |
|
|
|
Anyone that consider gambling as a way to make money, the person will only lose and lose and lose until he finally realise that he has become an addict. Addiction is very bad because it will cause serious depression there is several loss of money.
Gambling is good if you discipline yourself and follow the ways of not using more than what you can afford to lose to gamble. But if it is otherwise, it is bad.
I have come across people who depend on it as a source of income, I believe this sets of people have made up their minds that they can always make profit from gambling which is a wrong mindset, nothing but addiction. The cause for this is just laziness, taking gambling as the only option for source of living. But the truth is, few people can discipline themselves and gamble until the money runs out. And if there were people who depended on gambling to make money, they would surely regret it after knowing the consequences of doing so. They will only experience defeat after defeat because gambling is not designed to make money but only as entertainment in their spare time. People who use gambling should think that what they are doing is wrong so they should get out of gambling before they get addicted to gambling. When people enter the gambling, they always get what they want. Most people say they want to double or make money because they do so. But it is not. The truth is most come in there because they are bored, they want validation, they want the constant dopamine hits, the excitement. So they will get it. They just realized it long enough when they don't have any money. And they will crave for more, worse they will put it on credit. So instead of making money. They are just normal people looking to solve their internal psychological problems by gambling. Still, money will not always flow in gambling. Unless you have the capital and system in play as a big player. Consistent income will be limited for anyone. |
|
|
|
It's really a shame, this is really one of those sad stories that really tell the dark side of sports betting and gambling in general, I could not help it, but had tears rolling down my cheek while reading this story.. Another future father, a future millionaire maybe, young 22 year old boy with a promising future lost to suicide after losing his school fees, and that of his friend to sport betting due to gambling addiction.. We are in the 21st century, until when before people realize that suicide does not put an end to problem, but rather create more for those living?? This is really a sad story though, ya all can read it on https://punchng.com/how-ogun-student-committed-suicide-after-losing-school-fees-to-sports-betting/?utm_source=telegram&utm_medium=socialI hope we all as gamblers learn a thing or two from this, and go back and look at our gambling life and see if there is a thing or two that needs to be adjusted.. I pray non of us, and any of our relative shall ever be a victim of such a sad story 😢😢. It's tough. But everyone's life is tough. Everything we do in life is a choice. Now with that story the best thing we could do is to learn from that. To not let the same thing happen t another person. At least. Because we all know that the very edge of the planet there's another person who might also get caught up of gambling addiction. But just remember. Cherish your lives man. It's just money. You can make it again. Don't let the money make your life. Let your life make those freakin money. |
|
|
|
Both selling and buying has good ROI, if I most say, we have different trading opportunities in the market. The question here is DO YOU HAVE THE KNOWLEDGE, THE PSYCHOLOGY to understand the market, don't let people earnings you see on social medias make you feel 10x to 100x is simple to make even 5x can't be that simple. Trading has a whole lot to learn and put to practice.
That is basically what happens to a lot of people out there, they see some people posting their profits on social media platforms and they start thinking that it is very easy to earn that much profit in futures trading while it is totally not that simple and one without ample knowledge entering futures may lose everything they have if they can't manage their trades or understand how things actually work. It is always better to just stick to spot trading if you are a newbie and don't have enough knowledge and experience about futures trading because, in spot trading, you don't get liquidated if you don't know when to close your trade or have a calculated stop-loss. exactly because if the 10x or 100x that you are referring to is leverage, then you still aren't ready for it. You will only lose your money. Practice n spot while learning leveraged or futures trading. Only then consider your risk appetite and your capital to know which leverage you are most fitted to. if it is 10x or 100x on the return you are expecting when you sell, well it depends. It depends on the market condition and the volatility. Again practice on the spot when learning. When you have the right skillset, money is easy. |
|
|
|
If he invested in the long term, DCA is a good strategy and he'll probably win
We well know that until he didn't sold them, he did't lose. Bitcoin is so volatile he should't forget about it
If this person continues on DC-averaging in, probably, he'll will take profit in the future. Hold for the long term
In any way I wish good luck to this person, it's a big money
As long as you are still holding and, its just a paper loss and if he will not panic during this bear trend, there’s a big chance for a bigger profit. DCA might be boring or might discourage you in the long run but if you have the goal and you want to focus on that, you can achieve it. DCA with Bitcoin is not wrong, try also to but other coins and again the golden rule is never go all in, we have to practice this. This is a good point. Unless it's a leveraged then you'll just receive a margin call. But holding it long term, unless you cut loss it sell your asset, you won't lose any. That is what you call unrealized profit and loss. Either you dollar cost average going higher or much better if it's on a bear market where price is truly at discounted price. You buy more as log as you believe that the asset BTC will go higher than your average buying price, it will be a win. Transferring of funds doesn't equate the holder sold it, that person might just probably stack it on a safer vault, exchange, or hard wallet. So unless he sell it or loose it, It will not be a loss but only a normal fluctuation of price. |
|
|
|
Following trading signals or copy trade is the fasted means to losing money since there are several realities that those signals never give accurate results unlike what we used to have before, so for that traders have constantly been advised to stick to their individually developed trading techniques.
But one fact we have to come to term with is that trading is high risk and at that, its outcome depends largely on luck and trading skills and every trader must have one of those two.
There is truly a legit trade signals however more are fakes. But just take in mind, that the signal when to buy and sell is what you will get. It's still always up to you when regards risk management and money management. Regardless if it is a signal from a real trader or not, every trader is always going through any losing streak and drawdown. And that doesn't mean they are fraud. It just mean that their strategy isn't working at that time. So you as a trade copier, you have to manage that risk. Whether it is your own analysis or other people's signal, you're still the one pushing the button. And I guess it's still a skill. |
|
|
|
We have to download it ? Do you mean it’s an app ? Mate here you only lost half of the traffic that would have atleast check your site. Gambling apps are banned in both ios and playstore. So this means, you will prompt us to download it from third party services, and hence there are risk of getting hacked. So yes no one will download the app to be honest. It would have been great if you could have launched the platform in web based applications. May we know the reason for launching mobile applications?
It seems that they are still in the development phase. They have not yet developed an application, as there is no download link, login button, or even a frequently asked questions page. This website appears to be in need of further improvements. It appears that PokerWorld365 is attempting to sell the domain name first, but they are using a peculiar trick to compel you to visit their site. However, if they are not responsive and fail to make the website playable quickly, users will likely forget about it. It is better for the website owner to put it in a testing phase before making it available for download and play. Please note that using a sandbox and testing the website before launching is considered best practice to ensure the readiness of the site and achieve a smooth and reliable user experience. if the website and this project be sustained, I'm pretty sure that most casinos will do the same too. I believe there is only a little numbers of them that have a mobile application. However since there is yet no KYC, clear terms and conditions, this will be a no for me in the moment. I will prefer more of the security of users and my identity. There is large risk of breaching an information when an app is downloaded in a phone. maybe in future development GGPoker could be a real thing. |
|
|
|
|
Show Posts
