The problem with this news is that it is used by people who want to ban gambling to try to show how disastrous it is, when the truth is that most people who gamble do so responsibly. It's like trying to show how bad alcohol is by telling the story of an alcoholic who ends up committing suicide or dying of liver cirrhosis.
Extreme cases have always existed and will continue to exist, but we should not make them the norm.
It is all about individual's responsibility as a gambler, I do not feel what he felt before so I do not have any idea of how hard that situation that resulted for him to end his own life but one thing is sure which is he didn't manage to think right where he let himself to control by his emotion. Before we become a gambler, we should accept the fact that losing is inevitable because there is no guarantee of profit here in gambling. This kind of event should be a lesson for those gamblers out there to manage to control the emotions and only invest our put money that you can afford to lose. For me the boy committed suicide because for sure he do not know how to regain and payback the money that just he borrowed from his friends. |
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Many people periodically reflect on this lost opportunity to buy bitcoin when it was priced at a few dollars. Now one can only dream up about this. These times will never return. Nobody even could have imagined ten years ago that such events would happen and the cryptocurrency would rise so much and get stronger. Yes, a time machine would be useful here.
This is never ending story , more people will come in the future and saying like "i wish i could buy bitcoin while the price at 15000 us dollar" said people who looking at the chart with bitcoin price at 100000 us dollar. You should always think now or never especially in the bullish market like nowdays. Go ahead buy in every single opportunity you had , dont wait as waiting will cost you a regret like what this never ending stories do. This is the bitcoin way. The problem is people usually say they missed the opportunity to buy when bitcoin pumped, but when bitcoin is dumping they would not look at it as they are afraid of taking bitcoin at dip, if we have this kind of mentality, we will never get the right timing on buying, and even selling if we got greedy. Those people who are afraid are the traders or investors who do not have enough experience in the market where they do not have confidence to buy when the emotion of the market is fear where the selling pressure it high. Yes it is risky but that risk can be lessen if we have a lot of concepts, ideas or data that can backup the strategy that we will use. Waiting for the pullback is normal and for me buying at the support levels where the demand are so high can be a good strategy especially if we didn't bought bitcoin when its price is still cheap. For those who are still afraid, make sure that you should do some backtesting and some research in order to add conviction where it can boost your self confidence in order to able to execute the trade. |
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Hey guys,
By recent Fear&Greed Index bitcoin is in extreme greed area, usually it's a sign of decline in price or even crash. I've been observing this index for quite some time and find it pretty accurate, of course it doesn't give you the exact day or time but it indicates the sentiment on the market. Do you ever use this index in your trading analysis?
Just like funding rate and long vs. short data, it's good to keep an eye on it. It's good for giving a warning of impending capitulation or blow-off top, yes. Unfortunately, it can be deceptive. I can't tell you the number of times I've heard "the index is greedy, we need a correction!" and then the correction doesn't come until price is 20-30% higher. Sentiment works a lot like momentum oscillators like RSI and such. During a range market, it's safe and sensible to sell overbought and oversold levels. However during a very strong trend, momentum can become embedded in overbought or oversold zones for a long time. In the same way, during a very strong bull trend, the market can remain "greedy" for quite some time before the eventual crash comes. To put it more simply: it's pretty difficult to trade based on sentiment alone because it's difficult to time. You'll want to look for other technical reversal signs too. People thinks that bitcoin is now in overbought area where they thought that any time a retracement or a dump that may happen but it is just a myth, when it comes to a trending cryptocurrencies; the overbought and oversold is not working. Actually the bitcoin is really indicating a bullish sign because it is now consolidating above RSI 70 which means the trend is really strong. The overbought area and oversold is only working when the market is non trending or it is in sideways wherein if the RSI touch the RSI 70 expect that the price will make a swing down while if the price touch the RSI 30 Expect a swing high that will happen. But in this case, it is not working because the bitcoin is currently trending. |
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I'm not a fan of this coin but looking at its data its telling something good because it is one of the successful projects in this current year where it managed to get the top 5 in terms of market capitalization. I do not think that its price increase is just because of pump and dump groups, the daily volume is currently indicating that this token is trending for many investors and for many traders. The daily volume is about $1.5 BILLION and that kind of volume is really indicating good because the liquidity is also good. The market cap is amounting to $5 billion so it only means that this coin is not a shitcoin and it has potential in the future. There is a major resistance at $13 but if the price manages to break it, for sure it can reach near ATH or maybe it can beat the current ATH.
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For those who will make predictions make sure to understand the market structure first because some of the predictions in the internet are not attainable where it can be called as impossible. The current price of ETH is ranging at $430-$460, the prediction in the thread is at $10,000 at the end of the 2020 and we are only have 1 month left before the year 2020 ends. The ETH has still tough resistances that it should surpass in order for us to see a massive price surges. Actually, the ATH of ETH is only around $1600 so for me $10,000 at the end of the year is not attainable, maybe that prediction can happen 5-10 years from now because it will really take time before the ETH can surpassed its multiple resistances ahead.
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Nothing's gonna change with those opinions but nevertheless, nba will stay with positive or negative opinion.
No big sports league that has not received any negative opinion from the people, we have millions or billions of watchers and some of that has a kind of different mind, trying to spot the abnormalities of the game and make a conspiracy theory, it will never grow old my friend, in the next generation we will still see a lot of content about rigged games but the league will still continue. Yes, I guess in this generation we'll see more of those conspiracy theories. About rigged games, accusations, other theories, which will result in disappointment that they've lost their bets to create those thoughts. Because they need to blame somebody why they lost. Anyway, seeing the percentage of poll results, almost 50-50 here. It means a lot really believe that in some way, NBA is rigged. They can formulate conspiracy theories and the likes, but yes, the league goes on. And if they honestly believe that something is going on, then, don't place your bet. It will create stress on your part if you bet and then, if you lose, you will think of possible stories why the game ended up like that. We like people to speculate as that only means the league is so popular, they don't have fans but they also have people who criticize them, and that makes them stronger as the more speculation the more people interested on the league, and the good side is that the conspiracy theory was never been proven by anyone in the court of law. They are just ranting and complaining where they want a person or organization that they can blame why they lose in betting. It is really funny where many people still think that there is a fixed match in every game but until now there are no proofs or data that can prove that fixing match are literally happen in NBA. The NBA have millions of fans all over the world and every game are always live where many people are really seeing every detail and every play. A certain audience can easily find out if there are fixing match but the thing is every player in NBA are doing their best to win. So do not believe in conspiracies because they are just creating theory out of nowhere. If you want to become a good bettor in NBA then try to improve your analysis skills in order to increase your winning rate. |
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When we can use gambling as entertainment, we don't need to worry if we will lose control because everything that we got, in the end, will be just to entertain and have fun. We don't think about the result because we don't search for that, and we only want to spend our time playing many gambling games. Maybe by thinking like that, we can prevent becoming addicting to gambling, and we can avoid consuming more money because if we think that it is enough to get entertainment, we will stop as soon as possible.
But if you think you think like that, it might be the start of it. Most of the gamblers that are addicted to gambling might've just started thinking like that. They are just thinking that gambling is just entertainment and they are thinking they can control themselves. Then as time goes, it became a habit and as time continues they are not aware they are already addicted to it and can't actually get out of that "entertainment". Actually, it is true that a certain bad habit can lead to addiction especially we are not aware to our current psychology, an entertainment can lead to addiction if we are spending most of time of it and doesn't have care anymore in some of our habits. But the good thing is we can control it as long as we have awareness to our current psychology. If we feel that we are now becoming addicted to gambling, that is the time that we should make a move and for me rest is one of the keys for us to not be addicted wherein we will create discipline in order to control out greed. I'm really amazed for those people who manage to entertain their selves through gambling while controlling their greed where they stay normal and not feeling addicted to what it is. |
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Me or even us have experienced all of those. My main problem is over trading because I just can't myself to stop trading once I get money or even when I lost. My greed slowly killing me because of my stupidity because I would like to earn more but it's not worth it on long run.
it is not easy to be able to withstand greed, need long practice... for those who are just trying to trade, it must be very natural to experience losses for the first time, if you withdraw because you lose the first time then you have lost the opportunity to forge your mental. persist gradually when trading is something that must be learned slowly. People does have different way on how to react things and on how they do make out realizations on their own that's why we have seen some do quit and some do sustain even if they are losing. of course losing is just part of the game and you should really make learnings from that one so that you would really be aware on next time encounter or you would be aware on the action to be made. You would gain knowledge and experience along the way which would really be beneficial for you.The longer you do engage the higher chance on making yourself on becoming pro. Just think that loses cant be avoided but make it sure that you do end up on profiting in the end of the day. We should really understand we should know our inner selves, losing is part of the process so we should know how to overcome it through our own way. In the long run, a trader will finally understand that losing and making mistakes are inevitable because we are humans and there are really times that we are doing wrong decision because have emotions. The mistakes are normal as long as we are carefully handling the risks, we should also do our best in order for us to prevent the same mistakes that we did. That is why journalizing in trading is important wherein we will journal our trades and also the mistakes that we did for us to not repeat it again in the future. |
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Yes it can be, and the truth is I also prefer to make investment in cryptocurrencies than making investment in gold. I actually tried to make investment in gold before both physical and also the XAU/USD in future market so basically it is just a contracts. In terms of making investment in physical gold, I don't prefer it because the value of gold physically is so stable so it is really hard to make profit from it while in future markrts XAU/USD. The price is so volatile where it can be a similar to the volatility of the bitcoin. I like trading future markets and also cryptocurrency market because they have leverages that can make me to gain in short period of time.
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Yes, fiat now had been not doing well and its purchasing power had depleted because people are more needing food rather than money. If the pandemic will going to continue then high chance that it can no longer be use and it will have no value no more. People will going to plant for their living if they wanted to get food to eat. Hopefully this will not going to happen because many people will get affected by it especially us the poor.
Let us hope that the pandemic will not be prolonged to such an extent that the absolute majority of the population will be forced to engage in subsistence farming and natural exchange. Almost all the existing cases of hyperinflation and total depreciation of money occurred against the background of civil conflicts and the destruction of state structures, but now there is no such thing, and we hope that the state authorities will keep the situation under control and prevent long-term chaos and unrest. Actually, there is already a control in different economies because we are already in the last quarter of the year where people got used to the "new normal". At the 1st quarter of the year 2020, a lot of financial market is keep crashing and cryptocurrency market is part of it because a lot of people want to liquidate their position and they want to just stay with cash but after many months, the economy bounces back wherein we are now on the way of fully recovery. The virus actually pushes the people and a lot of merchants to adopt digital payment system after the WHO statements about the possible infection of covi-19 through using fiat money. |
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FA and TA complement each other and you should know how to analyze using these two especially if you are going to invest on a long term basis. Since I’m a trader, i often use TA and its effective and of course I also have to use FA to see if there’s a possible volume with that project so I can know my entry and exit level. Your investment will become more effective if you used this two as your guide, they are both important to me.
Most traders usually are relying on technicals especially the short terms traders who are using short term time frames like 5 minutes, 15 minutes and 30 minutes time frame. You cannot use fundamental analysis by using that kind of short-term time frame chart. In terms of long-term trading wherein we are talking about weekly and monthly charts, fundamental analysis can be useful as long as you will not fully rely on that because price action is still the king and our decisions should be relying on the market structure. Actually as a technical analysis user, I always following the phrase which is "You are always wrong until the market proves you right" that phrase is simple and it just reminding that we should follow what charts telling us. |
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Investing for the short term at least the returns that can be obtained are higher than trading, but that depends on your own goals because for me it is useless to hold it for the long term because it is just a small asset. But if you have the skills to turn a small asset in trading into a big asset, then I think that is a great decision and if you are ready to go through each process I am sure you will succeed in both.
I agree with that. If you have the time and are willing to trade with small asset then that's not too bad of a strategy after all, as you will sure get to learn a lot. The challenge with this though is being able to select a coin which is going to do well, often once you do well in one you're tempted to broaden into other projects that look good at the time, then only to find out that you stretched too much. I've seen this happens lots of times, where people get confident when they got lucky with one small asset and used their profit to diversify a little only to get burnt. Because of these challenges you don't often find people who'd go for this strategy, so if you think you can do it then you'd be having a firm stand. It's tough but having that firmstand believing that with your own understanding you can changed things up, it's risky though but f you already familiriazesd yourself it will be easy for you. Not in terms of reaching your goals as quick as you think but to handle different situations and diffrent outcomes, if you have the guts to move forward. Making a huge profits from your small assets is very possible, it takes to belive and start moving slowly and not rush everythignout to avoid burning all your invested money. Do not ever skip the learning part, as a newbie you should have determination to focus in your education in order for you to have better trading journey. It is all about mindset in trading, you do not need to put huge money at the beginning of your trading journey. Small amount of money is really preferable especially if you are new in the market because it serves as experience portfolio where you gain experiences as you trade and trade. But that portfolio can grow up fast if you have good education where you know what are the cryptocurrencies are good to buy or what should be ignore. By believing in ourselves, we can become a better trader. Mindset is everything, if you think that you are not going to be a good trader then you are really not become a good trader but if you think that you are going to be profitable trader then you can really become a profitable trader. |
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There's no exact date yet to say when and how long we should wait but for now, it's still blurry to have that in all of the physical casinos we have all over the world. Using Bitcoin in casinos as a bet would be a pain in the ass right now having transactions that will took few minutes or even longer to be transferred to another wallet. Also, we have to consider that implementing it would be an adjustment to both parties (The Casino and the players)
They need to be seminar about Bitcoin at least to avoid future errors such as sending their Bitcoin in a wrong Bitcoin address or in a wrong address, like ETH add, XRP add, so on and so forth.
It is not yet possible for me and I still do not have an idea if that will happen, there is a possibility that it will happen but still it will take a lot of time because usually those traditional gamblers have still no idea on what is bitcoin and how to use it. The traditional casinos are still not seeing it as an opportunity so for me they will not yet add it to their system. Implementing that kind of system is not easy because the traditional gamblers will really have a hard time to understand it. Education is the first priority for me before they implement that kind of features where we can do slots and bets in traditional casinos. |
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Actually, if you are in the gambling world; the word safe is not existing because every game, every bet and everything have a certain risk. If you want your money to be safe, then better to keep it and do not put it in betting sites. In reality, gambling is also a game of probabilities where there is no sure win here, there are strategies have high winning rate probability but still it cannot guarantee you that it will give you profits all the time. You can become a profitable bettor through sports betting but it will really take a time because you need to gain a lot of experiences first before you able to be profitable.
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The name will only have a matter if it will create a good reputation because the name will serve as brand of the certain company, but I do not suggest investors out there to put money on new projects that have a good name. It doesn't mean that a project will become successful if it is have a good name. Still focus on the product and also the service that a certain project can implement. It is like a gambling if you will make investment just because the name is good, I suggest that you should do a deep research first before participating in some projects in order to fully verify if a certain project is worth it to join or not.
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Any update on this guy? I am seriously worried about his welfare and status since the election was against his favor. Man, imagine losing $5 million dollars in a political bet and sleeping afterwards thinking the amount of money that you just lost. This will seriously kill my conscience and drown me in regret/guilt for my entire life. But the fact that this guy managed to put a $5 million dollar bet implies that he has a rich and wild lifestyle. I just hope everything turns out to be relatively okay despite the election result. Maybe he got money from his parents, or he inherited it? Or he won on a lottery?
I wonder if Trump fraud accusation will come suprisingly true -what will be response of bookmachers?
What I learned throughout the years on elections, there will always be: (1) a winner; and (2) the one who got cheated. I hope the fraud and cheating accusation be settled as election processes are relatively difficult to cheat. He is anonymous after all so for sure he/she will not reveal his/her identity and we do not have chance to know how well he/she right now. But for me he/she aware that there is only 2 probabilities whether to win big because of his big capital and to lose all of the $5 million dollars in a one single bet. Sadly, the result is against with him/her so he/she lose the $5 million dollars. Even if I became a millionaire, I do not think that I have a guts to bet a huge money like that. Actually I'm having doubts and uncertainty whenever I bet more than $100. It's funny but I think I need to develop my confidence a little bit more for me to become a wise bettor. |
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Economy can survive anything, people are reacting like economy is not something we didn't made up, it is a paper money that we give value towards and if we want to we can always give the same value to it anytime we want as well. Just to give an example, there are tons of companies and there are tons of people in any nation right?
Well, the money is still the same money, the amount doesn't get lower, nobody is out there burning out cash, there is no bank deleting all the digital traces, so the same exact money in the world is still exists, why would anyone get affected?
Let me tell you why, because companies will want more and more of it while people will not have more of it, and if that stops due to pandemic companies and CEO's will do anything to make people starve in order to keep profiting a dollar more.
That is not true, look at the previous world power nations; they are in the above of the ladder or the socioeconomic status in terms of countries but they failed to sustain their economy and it is the reason why they been demoted and been replace by other countries. Economy can collapse through war, terrorist attack, rioting and also in pandemic, Europe is one of the richest continent and most of the countries there have good governance so there is high possibility that they can so a second lockdown in order to reverse the epidemic growth. I'm sure that every country in Europe have a task force wherein they are focusing to suppress the cities by doing lockdown in order to prevent the growth of the person who are infected with the virus. The good thing is the virus will stop growing during lockdown but the bad thing is many businesses will be force to close down. Lockdown can be a cause to a death of certain economy because the foreign investors will withdraw their investments and they will re-invest it in countries that have now lockdown. I thought that Europe have a good way handling the pandemic because there are certain countries who did not impose travel ban but I found out that I'm wrong because they are also having hard situation in order to control and prevent the virus spreading in different communities and right now they are in lockdown again. For sure many people lose their job again but it will bring positive in a way where the infection rate will decrease and their lives will comeback like before. |
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After elections end this year for all countries we are all screwed
Reason : They don't need no more votes .
Prepare for tax increase,price increase,lockdowns,police brutality and anti democratic measures .
2021 going to be a crazy year for the world .
Can't say this about all the countries. Yes USA might face this but I don't think it's going to be as radical as you are say. Yes tax increases might come due as compensation for the radical fiscal measures taken by Governments during the lockdown and extended burden on economy due to vaccine payments and it's distribution could further alleviate taxes. Brutality and rest of things happen now and then a few are noticed and rest get unnoticed so one shouldn't think about these useless things. Taxes can be avoided in a legal way and it is called tax avoidance. Rich people especially those who have businesses and corporations are doing it legally. I'm sure that this tax will help the government of the US to have more income in order for them to create more projects that can benefit the citizens but there is a bad thing with this tax and it is will be a burden for the poor and middle class in the US. Those people are usually the employees who get their salary through job, they cannot avoid paying taxes because of that but those people who have corporation have a legal way to do it. Actually, whenever there is a law about increase of the taxes, rich people are having a new way in order for them to avoid paying taxes legally. |
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It finally found it and I hope the distribution will start the soonest as possible so we are going back to normal. I'm really tired of wearing masks everyday at work...
I see huge recoveries on the stock market but might be opposite with Bitcoin as can I see that online gambling institutions will drop as offline casinos will be back to operation and crypto demand will be slowed down.
Anyway, it won't bet me a lot. The most important is we already have now the vaccine that people are waiting for.
Don't feel bad of wearing masks. Just because the vaccine is been developed don't try to have a life as the past. It isn't evident, we need to take care of ourselves. Further is the vaccine and the other things to get us out of the suffering. Already things have started to function as the past, because of the economic situation. Out of the pandemic people have changed a lot, have gained hope of life and understood value of each penny. You will get used of wearing masks if you will try it everyday, a lot of people are complaining that they cannot breathe properly through wearing masks. It's kinda funny but also a bit sad because they are the one who makes them to be vulnerable to the virus. The vaccine is now at last 3 stage, there is a recent news yesterday that a certain company already competed 90% of the vaccine. The human trial is coming to success and for sure it will be a good news not only in my country but in the whole world. The bitcoin is now in bullish zone and imagine that a new come up saying that there is now a vaccine, for sure it will change the market sentiment and for sure it will affect the price of the bitcoin where it will make momentum in the market. If that happen, it will greatly effect the stock market especially in the US where a lot of people are been infected with COVID. |
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I think there is no significance and connection between the trend of the cryptocurrencies and the years that been passed. It is all about cycle and not every 4 years or any specific date. I keep telling a lot of investors and traders to be aware on how to identify trend and also to become aware on the market cycle. A market cycle is a process where the price is increasing if the emotion of the market is greed then it will decrease if the emotion of the market is fear. We can be aware that there is no forever uptrend and forever downtrend by understanding the market cycle and also the price action. The good thing in the market now is the bitcoin is currently in uptrend where the prices are keep rising over the time, there are now also a lot of altcoins that are making move but they are only few because many investors and traders are keeping eye with the btc because of the hype in the market.
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