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[AHOYBRAUSE]

Of course this happens when I am making a micro bet. I occasionally do monster parleys, this one wasn't really a monster though. Just 10 basketball games and I put the 1$ I had in my account on it, and it won.
Last time I won a 10 leg parley was in around 2008 or something like that, hahaha. Maybe it's a start?

[dwyane36]

Generally, players who bet with leverage above 100x on BetFury usually wager just a few of $, they would never dare to bet, for example, more than 3 - 5% of the bankroll, unless they're a scalping expert, which is an extremely risky operation depending on how much leverage is on the platform.

From my experience, I've lost less with leverage than with casino games, and with Betfury Futures, what counts is your skill, now with leverage of 1000x, especially with a large amount of funds, a single movement in which the market goes against your position, you lose and are out of the operation.

Yes, most users really only wager a couple of dollars with such a high leverage. In such a case, Betfury futures and potential losses from them aren't so terrible for the deposit. However, according to the leaderboard, there are those who seem to like to take risks and make bets at ~$200, $700, and even $1000 with x1000 leverage.

[philipma1957]

It depends

if you have 2 btc or more a 10k swing in price means you lose 20K


hey you had 2 btc at 109k

it is now 86k

you lost. 2 x 23k = 46k

that sucks and is stressful.
...

This volatility is really annoying, but if someone has time to trade and knows how to identify good entry points, they can make a good financial return. Unfortunately, this isn't for everyone and requires a few months of practice.

Another point is that such drops are excellent opportunities to accumulate more Bitcoin, if you didn't buy everything in a single purchase, right? That's why DCA is so attractive because, regardless of a bull run, Bitcoin always corrects at least 0.5 on the Fibonacci (a 50% or 60% correction), which helps keep the average purchase price balanced over time.

This is still dangerous because you can think that you lose only 100 bucks, but if you continue this greedy bets you will lose many times and sum up your total loss can be very big after a long time. Finally it won't be better than the first example.

I don’t think it's necessary to use high leverage to be consistently profitable in futures trading. It's just a matter of studying technical analysis, chart patterns, following the market (depending on your availability, this can be a difficult talk) and operate with low leverage with around 1 - 3% of the total bankroll.

However, if you want to have fun and feel a bit of adrenaline, high leverage becomes appealing, and it's really exciting when the price goes  in your favor.

yeah I could see doing 100 on a 1000 to 1 shot on my birthday. I could lose 100 a year betting on my birthday for the rest of my life .

[Bitcoinsummoner]

Generally, players who bet with leverage above 100x on BetFury usually wager just a few of $, they would never dare to bet, for example, more than 3 - 5% of the bankroll, unless they're a scalping expert, which is an extremely risky operation depending on how much leverage is on the platform.

From my experience, I've lost less with leverage than with casino games, and with Betfury Futures, what counts is your skill, now with leverage of 1000x, especially with a large amount of funds, a single movement in which the market goes against your position, you lose and are out of the operation.

Yes, most users really only wager a couple of dollars with such a high leverage. In such a case, Betfury futures and potential losses from them aren't so terrible for the deposit. However, according to the leaderboard, there are those who seem to like to take risks and make bets at ~$200, $700, and even $1000 with x1000 leverage.

Most users seem to play it safely with smaller amounts, but there are definitely some high-risk players out there. Betting $200, $700, or even $1000 with x1000 leverage is incredibly risky, but I guess some traders thrive on that kind of excitement!

[BetFury.com]

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[Pmalek]

I am not new in this space but I must confess that I sometimes find myself glued to the chart like a magnet, and can't stay up to 5 minutes without returning after I manage to leave, and like you said, not like I am watching the chart to see if the price of bitcoin will get to a certain level so I can sell, I usually don't have any plan of selling regardless of what happens, but I still resist staying glued to the chart 😁, this is another form of addiction actually.

You are addicted to the Bitcoin chart and the red and green candles apparently. I check the price several times a day myself, but nowhere close to what you are doing. Try to gradually reduce the number of times you look at the charts until the point that you only need to do it a few times a day. It's healthier that way Especially because you aren't looking to sell or buy at a certain level that you are waiting for. You are just looking for the sake of looking.

[iv4n]

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I tried it, and it's interesting... I even had some luck:


Delayed Martingale is interesting. I played just 1k bets, which isn't a lot... This was a quick test.

It's great that you finally have expert settings, I will be looking into that in the coming days. I had various strategies written down somewhere, I hope I will be able to find them, and if not, I will find/create new ones.

[Coyster]

Last time I won a 10 leg parley was in around 2008 or something like that, hahaha. Maybe it's a start?

Lol, could be a start of more winnings to come, congratulations on your winnings AHOY. Winning a parlay of 10 games is no easy feat, i am not a basketball fan, and i don't think i have ever played a basketball bet before, but i'll use football that i am familiar with, picking a parlay of 10 football games and it turns out successful is crazy, even if you select games across different competitions and with varying odds, 1 or 2 is going to fail, if not 9, lol.

[btcltcdigger]

Big news for Limbo fans🚀

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Not a fan to be honest. I've tried it, and yes it looks fun, but it's not my cup of coffee. I've played a few games, and lost horribly hahaha.
I'll stick to the traditional crash games if you don't mind

[philipma1957]

Last time I won a 10 leg parley was in around 2008 or something like that, hahaha. Maybe it's a start?

Lol, could be a start of more winnings to come, congratulations on your winnings AHOY. Winning a parlay of 10 games is no easy feat, i am not a basketball fan, and i don't think i have ever played a basketball bet before, but i'll use football that i am familiar with, picking a parlay of 10 football games and it turns out successful is crazy, even if you select games across different competitions and with varying odds, 1 or 2 is going to fail, if not 9, lol.

long ago and far away I was in the US Navy. We had an American 🇺🇸 football pool.

About 250 of us entered the pool there were 14 games in a week. No points no odds just pick the winner.

13 games were on Sunday and for monday night you picked the game and the score. the monday nite was the tiebreaker if you were tied for the lead after sunday.

First pool on sunday I picked all 13 winning teams did not need the monday tiebreaker which i picked the winner and the exact score.

I took the 250 prize.🏆 Next week I picked 12 of 13 and was tied. I told the guy I was tied with I would split the prize and not do the tiebreaker he said no . I picked the winner of the monday night and was one point closer to the correct score.

So 27 of 28 over two pools. the entire ship 🚢 thought I was a genius next week i pick 6 of 14 back to normal oh well.

[Coyster]

So 27 of 28 over two pools. the entire ship 🚢 thought I was a genius next week i pick 6 of 14 back to normal oh well.

Lol. I would have also thought you were a genius if i was on the ship, could it have been only pure luck though to get such numbers, 27 of 28 over two weeks, i know luck always plays a huge part in gambling, but i guess you know a whole lot about the teams in American football too. Do you still regularly win bets you place on American football?

[Forsyth Jones]

When you use leverages, you become more greedy and it's same with everyone. Each person has own risk acceptance and risk management so using low or high leverages, it's personal choice.

My main point is using high leverage with small capital likely results in False Safety in mind of traders. Practically, if you open a bad position, and don't close it proactively, it will be liquidated and it's false thinking that a small loss is not a loss, and many small losses over time won't sum up to big net loss. It's False belief in leveraging small capital.

Futures trading is the easiest but hardest way to make a lot of money in less time, with little capital, because that is the purpose of leverage. And yes, it's quite tempting, because you must control your greed, otherwise, the chances of losses are 96%. The odds are against you, you just have to turn the tables, understand the market patterns and you will start making money.

It's recommended to start with little capital, because when you are inexperienced and start with losses, those losses will not discourage you so much that you give up, over time, you learn to make better entries within your risk management.

[snipie]

In this market, what’s more stressful:
watching Bitcoin charts all day or placing a risky bet?

Maybe placing a risky bet is a little bit more stressful than following Bitcoin and cryptocurrencies charts daily.
In fact, both are quite stressful especially when the Bitcoin price move violently by $10k within hours. Otherwise when things are quite stable then placing a good amount of money in a risky bet is something that you could not wash from your mind until you see the result and even after it.

It depends

if you have 2 btc or more a 10k swing in price means you lose 20K


hey you had 2 btc at 109k

it is now 86k

you lost. 2 x 23k = 46k

that sucks and is stressful.


but 100 bucks on 1000x leverage you only lose the 100 so what .

of course if you swing really close to the 1000x payoff number and just miss it by a dollar or 2

that also sucks but you still only lose the 100 you bet.

I agree with you but my perception is a little bit different. In fact, I got stressed when the price fall a lot and people start screaming it is over, bla bla, crying everywhere...of course it affects me and it increases the stress but at the end there is an inside feeling that my money will be recovered and even increases.
At the opposite, I cannot recover a lost bet, whatever the amount is, so higher it is, higher is the stress.

[btcltcdigger]

Well yes and no. You only lost 46k if you bought BTC at 100k. If you bought it at $1k, then you're waaaaaaaaaaaaay in profit, imo.
Having actual loss and potential loss is a different thing altogether

[Coin-1]

I agree with you but my perception is a little bit different. In fact, I got stressed when the price fall a lot and people start screaming it is over, bla bla, crying everywhere...of course it affects me and it increases the stress but at the end there is an inside feeling that my money will be recovered and even increases.

When I play dice with coins or tokens, I usually forget about their current price, because I personally consider any crypto casino more of an entertainment site than an exchange. I just relax on BetFury and enjoy wagering my BTC and BFG. During promotions, I sometimes place a relatively large bet. Of course, I am very glad when I win and slightly stressful when I lose, but I never value crypto currency in fiat money while I gamble in a casino. If I'm in the plus, I withdraw the coin to my cold wallet.

[memehunter]

In this market, what’s more stressful:
watching Bitcoin charts all day or placing a risky bet?

Maybe placing a risky bet is a little bit more stressful than following Bitcoin and cryptocurrencies charts daily.
In fact, both are quite stressful especially when the Bitcoin price move violently by $10k within hours. Otherwise when things are quite stable then placing a good amount of money in a risky bet is something that you could not wash from your mind until you see the result and even after it.

It depends
if you have 2 btc or more a 10k swing in price means you lose 20K
hey you had 2 btc at 109k
it is now 86k
you lost. 2 x 23k = 46k
that sucks and is stressful.
but 100 bucks on 1000x leverage you only lose the 100 so what .
of course if you swing really close to the 1000x payoff number and just miss it by a dollar or 2
that also sucks but you still only lose the 100 you bet.

Apart from what learned @philipma1957 has told us, I have to emphasize a crucial fact; Your bet can go to zero with no chance of reversing it, but in case of investment it cannot happen (very very very less probabilty). Even if your investments crash badly there is still a chance to recover that money in the future. It does not work like that with big leaverages lol.

[Haunebu]

Apart from what learned @philipma1957 has told us, I have to emphasize a crucial fact; Your bet can go to zero with no chance of reversing it, but in case of investment it cannot happen (very very very less probabilty). Even if your investments crash badly there is still a chance to recover that money in the future. It does not work like that with big leaverages lol.

True, but it all comes down to the time factor at the end of the day. If you value your time, the risky bet option is an easy pick since it's high risk, high reward and you spend little time and effort choosing it usually.

On the other hand, watching BTC charts all day requires a shit ton of effort and time and is also a high risk, high reward strategy thanks to the crazy volatility of BTC.

[snipie]

I agree with you but my perception is a little bit different. In fact, I got stressed when the price fall a lot and people start screaming it is over, bla bla, crying everywhere...of course it affects me and it increases the stress but at the end there is an inside feeling that my money will be recovered and even increases.

When I play dice with coins or tokens, I usually forget about their current price, because I personally consider any crypto casino more of an entertainment site than an exchange. I just relax on BetFury and enjoy wagering my BTC and BFG. During promotions, I sometimes place a relatively large bet. Of course, I am very glad when I win and slightly stressful when I lose, but I never value crypto currency in fiat money while I gamble in a casino. If I'm in the plus, I withdraw the coin to my cold wallet.

In fact you just mentioned indirectly the best way to reduce the stress when dealing with cryptocurrencies in general. When we start to consider one Bitcoin as one Bitcoin for example and not as $83 or $100k then it will be helpful for all.
Personally I sometimes look at it that way but most of the time I compare it to FIAT, I cannot deny that.

[dimonstration]

Personally I sometimes look at it that way but most of the time I compare it to FIAT, I cannot deny that.

It’s under to feel this way since at the end of the day we use fiat to purchase everything that we need and not Bitcoin. We need to convert first our Bitcoin to fiat before we can even use it so the fiat value is very important part because it determines the buying power of your 1BTC.

But if you’re goal is a retirement investment, I guess 1BTC=1BTC thinking is easy to understand since you are looking for the future value which is undefined for now.

[notocactus]

Futures trading is the easiest but hardest way to make a lot of money in less time, with little capital, because that is the purpose of leverage. And yes, it's quite tempting, because you must control your greed, otherwise, the chances of losses are 96%. The odds are against you, you just have to turn the tables, understand the market patterns and you will start making money.

I don't consider anything as difficult or hardest as easiest, hardest and easiest are oppositely with each other. Trading can bring profit in short term, and sometimes you simply need luckiness to get profit in one trade position but in fact, profit or loss with a trader must be in-net, net-loss or net-profit. Trading is hard and trading with Margin or Futures is hardest trading, so you will have highest risk of losing money with Margin or Futures trading. It's not easy, and surely not easiest.

It's recommended to start with little capital, because when you are inexperienced and start with losses, those losses will not discourage you so much that you give up, over time, you learn to make better entries within your risk management.

I agree. Trading capital must be very small part of all capital you have, and by separating your trading capital into some smaller parts, you will have second, third, and n chances to trade again after losing your previous trading capita part and learn some lessons from it for doing better later with other capital parts.