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Showing 20 of 1,983 results by Ricardo11
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Re: What will happen to BTC?
by
Ricardo11
on 24/07/2025, 10:51:38 UTC
🚨 Huge Resistance Near 110K — BTC Could Crash Down to 80K in Coming Months. What do you think?
Yeah it's possible as market must fluctuate cannot remain stagnant forever,  but long term holders understand these trend, we just have to trust the process, Bitcoin will still continue to grow on the long run. But these things happen.

Just look at the bigger picture, as most of us are a hold term holder. Fluctuation is one of Bitcoin's nature though, so we should face it all along and never be bothered by it. Others see it as a tool to make money for them.

But as I have said, if you look long term, then you won't panic when the price fluctuates specially if it goes down down. Just continue what we do best, which is DCA as their is the only way we can really make a lot of profits. It might take a lot of hard and grind every week. But it is just numbers, we just need to be tough enough to continue no matter what.
Volatility is the nature of Bitcoin, so there is no reason to panic about it, those who come only hoping for short-term gains are often disappointed, but when a real investor continues to invest in Bitcoin consistently and holds it for the long term, he will definitely achieve a much higher probability of success. Through patience, self-control and a strong mindset, you need to decide to deposit Bitcoin, learn to completely ignore market fluctuations, those who can be consistent in buying Bitcoin, are the ones who ultimately get the best results, so here, in addition to thinking long-term, you also need to be consistent in buying through DCA.
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Board Gambling discussion
Re: What is the best way to gamble?
by
Ricardo11
on 24/07/2025, 09:37:33 UTC
those gamblers who are incapable of accepting losses when they gamble are naive and ignorant because every gambler is meant to acknowledge the fact that gambling losses are inevitable and unavoidable, and gamblers are meant to lose more than they even win, so if a gambler is still crying over losses or is unwilling to accept losses, then that gambler isn't really ready to gamble because they'll keep chasing losses and lose more on the process. Learning to accept losses will potentially help a gambler take calculated risks and will critically consider the magnitude of every decision before taking it.

That's right, if you admit that you can lose before you place a bet, then the bet will be more thoughtful, I won't bet too much because I know that I can lose. And then I just need to calculate the risks correctly, the higher the odds, the less I bet, but with small odds you don't need to be too self-confident, because small odds are not always winning either. Therefore, it is better to bet as much as you don't mind losing, this is the best solution.
Yes, I agree with you, since the possibility of losing in gambling is always very high, so it is very necessary to limit yourself in your ability before gambling, while gambling you have to keep your mentality that you will definitely lose now, so gamble with the amount of money you can tolerate, and if you lose, stop gambling immediately, winning in gambling depends only on luck, so there is nothing to be excited about winning here, if you do not have luck, you will never win. So gamble with the amount of money you can afford with the mental preparation to tolerate loss, and never be uncontrolled, greed and emotion in gambling will do the most harm to you.
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Topic
Board Gambling discussion
Re: How quickly do you forget a loss
by
Ricardo11
on 24/07/2025, 09:18:17 UTC
Initially, letting go losses Is a general advice for every gambler.Personally,the first thing I learnt as a gambler is learning to forget gambling losses as fast as I can because of the dangers alongside it.For some Gamblers,first losses or losses entirely becomes a mental stress and heartbreak but it's so essential to never hold back gambling losses, it's too much of mental/emotional wreckage.

And the after effect can go wild if you keep remembering your losses you might chase for it and lose more, the point is you need to let go to prevent getting more losses if you try to win everything back. Though most of those who failed to recognize high potential risk that can happen with a single mistake with your decision making instead of forgetting a portion of your savings you might regret trying to win it back as you may lose more.
When you lose in gambling, you must have the mentality to accept it, because losing in gambling is very natural and the possibility of losing is very high. Many people insist on recovering the loss, but this mentality will definitely make them face more losses, but they cannot understand this. After they lose, they continue to gamble more by clinging to unrealistic thoughts, false confidence, but the end result of these is only more losses. So the right thing to do is to learn to accept the loss, not always acting with emotions, but rather making decisions based on reality.
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Board Gambling discussion
Re: Do you think positive mindset keeps you winning?
by
Ricardo11
on 24/07/2025, 09:00:16 UTC

I second you on this thought. The positive mindset is good, but it is only progressive if used in the right field or activities. Gambling is not the right place to have a positive mindset, it's better you use the gambling mindset in gambling, because with that, you will be prepared for the worst.

If you are using a positive mindset in gambling, you will only find yourself repeatedly gambling regardless of whether or not you are losing. This is just a motivation that can put you in trouble of persistent hope that may never be fruitful.

This doesn't necessarily mean that you will continue playing regardless of whether you're winning or losing. If you set a budget limit for yourself, you will simply stop, and a positive attitude will just help you cope more easily with a loss if you've had a bad day. So, positive thinking has a good effect on all areas of our life, but how much we lose depends on the limits we set and on our discipline, which can keep us from continuing to play further.
Overall, to keep yourself away from big losses in gambling, it is very important to limit yourself to a certain amount of budget according to your ability, you have to be responsible towards gambling, you will naturally lose in gambling, but even at that time you have to control yourself with responsible behavior and accept that loss and get out of gambling. Regardless, the most important thing is to stop yourself, when you can stop yourself at the right time in gambling, only then you can really win.
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Topic
Board Trading Discussion
Re: Start Trading for Beginners
by
Ricardo11
on 23/07/2025, 20:51:29 UTC
Usually trading with demo is actually good but for a quicker process or fast learning methods I wouldn't encourage someone to use their demo instead it's better to at least spare little money to trade in real account because Demo and Live accounts aren't operated the same way, there is much difference when you trade on both realistic accounts and Non-realistic account, you gain more life experience compared to when you are trading on demo and of course you wouldn't be that focused on demo compared to how you be careful while trading with real money, I am talking out of experience.

I think using the demo for a new trader can be an alternative method. However, no one will be able to find any Exchanger Platform for Demo Trading.  But do not encourage the Demo Trade as you say. But I think this is also very effective. Moreover, my friend uses various forex trading apps, there are only BTC and eth currency pair. And my friend made a lot of money through that app. Moreover, the big thing is that there is an option for demo trading. That app is (Expert Option, Exness). Yes, it is true that the amount of focus on a trader demo, and the real trade with much more attention. However, it is possible to achieve in all cases. Whether it is Demo Trade or Real Trade.
Demo trading can definitely be a good practice for beginners, a newbie will gain knowledge from books related to trading, after that he will gain some knowledge through demo trading, demo trading can definitely be effective to some extent, but from demo I never think a newbie can gain deep knowledge from it, because he knows that he is not actually losing any money, and that is why he will do demo trading with a flippant attitude without deep research. So I think for learning purposes only, in the first stage, he should do real trading with some money that he can afford to lose, just for learning purposes, so that he can go a little deeper into trading, so that he can know trading better through real experience, and that is the most effective.
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Board Trading Discussion
Re: Does trading belongs to everyone?
by
Ricardo11
on 23/07/2025, 20:38:22 UTC
The fact is that trading isn't for everyone, trading involves a lot of technicalities and not everyone has the mental fortitude to keep up with it. One thing people need to understand about trading is that it doesn't involve any form of luck, you'd get the results of the efforts you put into it. This is the reason why some can get positive results from it while others don't. It's important to find what works for you
I agree with you, there is no luck involved in trading, here you can achieve as much success as you are skilled, it is not possible to succeed here if you do not have skill. Nothing can be achieved here just by depending on greed, hope or luck, rather everything here depends on skill, research, analysis and experience. Here in the first situation there will be a lot of losses in the usual way, but with that loss you have to try to improve your skills more, always keep a learning mindset, only then you will be able to achieve success in the end.
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Board Gambling discussion
Re: Government banning of casinos are at their own loss.
by
Ricardo11
on 23/07/2025, 20:27:52 UTC
Legalizing gambling in a country will definitely be profitable because the state's income will increase from the taxes collected, besides that, people's interest in gambling will definitely decrease because the more free they are, the more bored they become. This is human instinct. Banning gambling in a country for whatever reason will be useless and will be more detrimental to the country.
I agree with you, if a country bans gambling, it is a loss for that country, because if gambling is banned, will gambling be completely and forever eliminated from their country? No, gambling will continue in every country, but if a country legalizes gambling, it is good for them, because I agree with you that through legalization, the state can increase revenue through tax collection, after all, gambling can never be removed from a country, it is impossible, so I think legalizing this issue is beneficial.
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Board Speculation
Re: Buy the DIP, and HODL!
by
Ricardo11
on 23/07/2025, 19:59:25 UTC
Yes, waiting for a price drop when buying Bitcoin is not an appropriate strategy for long-term investors. Logically, we should understand that waiting for a price drop is a strategy that is prone to dilemmas. So, rather than worrying and missing out on opportunities, I don't think buying Bitcoin should be fixated on price. Regardless of the current price, it's highly likely that in 10 years, the price will be much higher, and we'll profit. So, why ignore momentum and choose the right price when buying Bitcoin?
There is nothing wrong to wait dips for purchasing bitcoin but experienced investors do it differently than newbies. Newbies wait for lower prices, try to find bottom prices to buy in, while experienced investors can do Dollar Cost Averaging regularly and don't mind about price, or they can wait for price dips of 10%, 20% or 30% and buy without concern about at what prices they make purchases.

They know that price dips are very good for accumulation and if they can hold bitcoin for a long time, profit is very good especially if they buy in dips.
The thing that is always observed in the case of newbies buying Bitcoin is that they act hesitantly. They cannot understand the right time to buy Bitcoin. Of course, I agree with you that when the Bitcoin market is falling, they buy more and hold it for a long time. Experienced people take advantage of this falling opportunity, and they invest more than their Bitcoin buying budget during the fall. On the other hand, newbies are immersed in a panic around the Bitcoin fall and as a result, their Bitcoin investment is disrupted.
When the market is in a slight decline, some investors panic. They start thinking that maybe their losses will start from there. Bitcoin is a volatile cryptocurrency and it is unknown when it will increase or decrease. But for those who do not panic and just hold Bitcoin regularly during that time, the temporary decline of Bitcoin will not have any effect. For those who can speculate about Bitcoin, the decline of Bitcoin is an opportunity and for those who are ignorant about it, the decline is a panic. In any situation long-term holder of Bitcoin will get the advantage. As a new investor, if he only does DCA regularly, he will not face long-term losses but will be able to acquire permanent assets by growing his portfolio.
Those who panic at the slightest drop in the market are not long-term investors, in the case of Bitcoin investment, it is necessary to maintain your portfolio with a long-term perspective, because Bitcoin is a long-term asset that only brings real success in the long term, so patience and consistency are most important in the case of short-term volatile investments like Bitcoin. Those who invest regularly in the DCA method can definitely achieve good success, because their portfolio continues to accumulate at the average price, so volatility is not a problem for them and it is important to maintain this mentality, a real investor never panics during volatility.
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Board Trading Discussion
Re: One trading strategy is enough.
by
Ricardo11
on 21/07/2025, 17:36:47 UTC
In order to find the one trading strategy that will bring the maximum profit, it is necessary to test many trading strategies. And even when you have found the only trading strategy that you think suits you, you should not focus on it, but continue to test new strategies.
I agree with you, only one strategy can never bring you consistent profits, because the market is changing, here you can never achieve consistent success by using only one strategy, so it is unreasonable to expect that any strategy will work forever. The strategy that brings you profit today, this strategy may cause you loss tomorrow, because today's market position will never match tomorrow's market situation. So it is not reasonable to think of ever achieving success with only one strategy.
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Topic
Board Gambling discussion
Re: How is wealth distributed through Gambling
by
Ricardo11
on 21/07/2025, 17:21:46 UTC
Let's first talk about how the poor gives the money to the wealthy.... They allocate a huge part of their money (which isn't a lot in the first place) to gambling thinking that this would be the quick fix to their problems. This is how they give the money to the wealthy in this case the casino owners.
The way some gamblers engage in gambling is no longer true gambling; they are investing a lot of money, believing it will turn out well for them. Gambling is a game that should be played with understanding. If one plays without that understanding, it is just as if the money is being wasted, as it has deviated from being a game and is only making the casino richer. Gambling is a game of winning and losing; it can also be seen as a game of give and take. It is very important for gamblers to be conscious of how they gamble, not to exceed their gambling limits, and to gamble with an amount they can afford to lose. With this style of gambling, there is a high probability that the wealthy are profiting more from gambling.
And this is a hard reality, and this reality cannot be ignored in any way, when a gambler starts gambling, he should first understand the basics of gambling well, such as how much risk it has and how much profit it can make. Here you will never get positive results, because the possibility of losing is very high, so here you should control and gamble within limits, in the long run you will never be able to profit from gambling, you will keep losing constantly, and then you will get a big win, but the reality is that, the amount of money you win, that is never more than the amount of money you lost before getting this win, that is, at the end of the day you will only be in loss, so it is never reasonable to think of success here, it is for entertainment, so do not think of success from it.
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Topic
Board Gambling discussion
Re: How do you see slots game?
by
Ricardo11
on 21/07/2025, 16:45:55 UTC
I see slot as the most addictive casino games, they're fun to spin, no strategy needed and you can spend a very long time on it without realizing. You can lose your money very fast on slot, even when you win if you don't have a strong self control you'll likely lose everything back to the casino. Slot should be the most popular casino games because gamblers and none gamblers will find it very entertaining to play because it's very easy. What I can advise slot players and gamblers in general is to have bankroll for gambling, exit the site when you exhaust the fund. Don't continue to play with your wins and never chase loses when you lose.
I also agree with this, slot games are the most addictive and uncontrollable games, people are more deeply addicted to this game due to the ease of availability of slot games, but one sad thing is that people forget the reality while playing this game, that is, this game depends entirely on luck, but gamblers behave while playing them, as if they are sure that this game will bring them victory, and this is the only reason for their disaster, so you have to control yourself strictly while playing this game, and have a tendency to stop at any moment, especially when your fixed amount is over, and when you win something, that is, you have to be satisfied with a small win, and if you lose, you have to keep yourself away from it.
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Topic
Board Speculation
Re: Is BTC to 150K still happening this year?
by
Ricardo11
on 21/07/2025, 16:19:19 UTC
Perhaps next week we'll see Bitcoin head towards $130K.

Sure we all want that to happen but I don't think we can get there that quickly. Bitcoin just hit $123k last week, and everything takes time. We cannot expect Bitcoin to keep going up forever without any correction and accumulation.

Bitcoin needs to correct and consolidate before it can move higher and it seems that its dominance is also decreasing to make way for altcoins. So, I predict that the best case scenario is that Bitcoin will continue to rise in early August and along with it, it will pull the entire market into the biggest bullish wave that everyone has been waiting for a long time.
Yes, the market never reaches a new ATH without a correction in the market, market volatility and corrections are a permanent thing, Bitcoin has never been able to go to a big level without a correction in the past, so these things are always a normal thing, and therefore, Bitcoin can definitely go up to $150K - $200K this year too, nothing is certain and nothing is impossible, but corrections will come before these, and those who can handle themselves during all these corrections, they will be able to achieve good success at some point, so there is no alternative to long-term patience in Bitcoin investment.
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Topic
Board Gambling discussion
Re: How did you feels on your first winning?
by
Ricardo11
on 21/07/2025, 15:40:25 UTC
To be honest, I don't remember winning anything significant from gambling that would make me cheerful, partly because I never gamble too much, and my only motive behind gambling has always been to have fun, not to focus on profits and stuff. When you lose some money and then win it back, or a slightly higher amount, you don't feel anything special because that's normal in gambling; even the RTP of most games would get you a percentage of your losses back if you keep playing that game continuously.

I believe gambling is fun only when you are not worried about wins and losses, because in that case, when you get a win, you will love it and enjoy, but if you lose, you won't be distressed because of it like most gamblers out there who get too stressed when they lose money, which is because they were treating their bankroll as an investment that should make them money but that's not how gambling works.

I also started winning much smaller amounts than before in gambling, but that's because I set deposit limits and try to withdraw my winnings, increasing my bankroll by 20-30%. Some might say that I am depriving myself of the opportunity to hit the jackpot, but I feel more comfortable gambling this way. Even though I don't win big money, I am sure that I will not allow myself to lose more than I can afford.
The attitude of a responsible gambler is always like this, they never covet the jackpot, they gamble for entertainment, and after making a small profit, they withdraw it without being greedy, as a result of which they never face any big losses, and I would always advise every gambler to gamble like this, self-control, discipline and stopping yourself from being satisfied with small wins, only then can you be a responsible gambler, and you can also truly enjoy gambling, and if you gamble in this way, you can also prevent yourself from making big losses.
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Board Trading Discussion
Re: What do you do with a good trading strategy?
by
Ricardo11
on 21/07/2025, 15:19:06 UTC
-snip-
However, in my experience, no strategy is always profitable, so it's important to learn a variety of strategies to use when your usual ones no longer produce results, so we only change strategies when we haven't found one that suits the current conditions.

I like this one, and I really aggree. No strategy will ever work 100% as we desire, as its success depends on circumstances. A current strategy might not be suitable next month, and so on. Strategy is dynamic and adapts to circumstances. Strategy is about managing our choices, not determining the outcome. Therefore, if anyone claims their strategy is 100% successful, it's simply hype and should be ignored.
I also agree with you, no strategy is really sure, there is no strategy that can ever guarantee you profit, because the market or situation is never the same. You have to understand the market situation, do research and make decisions according to the changes in the market. You cannot always rely on only one strategy, you have to change your strategy according to the market situation, it is never reasonable to blindly rely on a specific strategy, because today's effective strategy can be the cause of tomorrow's failure, so you have to change your strategy at the right time and trade with the right strategy.
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Board Speculation
Re: Is BTC to 150K still happening this year?
by
Ricardo11
on 20/07/2025, 18:04:45 UTC
I've actually been waiting for $BTC to drop at least before it will move up again, but each time I sleep, I just see notifications that $BTC is pumping again. And now it has finally broken the all-time high. My genuine question is: what is the force behind the bullish trend that we're seeing now? Because I've checked the internet, and I haven't seen any news that affects the current waves we're seeing.

Few days back i noticed Bitcoin price was at $123k so close on reaching $150k so we just need to exercise sone patience and study the markets to know what's before us. If you ask me I'll say the force behind the bullish trends is certainly  the change in price and hence before the year comes to an end we would definitely see more  of this and probably Bitcoin might go higher than this.
Bitcoin still has a lot of potential this year, Bitcoin can go far this year, because there is still a lot of time left, and when Bitcoin starts a real bullish movement, Bitcoin can go far in a very short time, so there is no reason to think that it will actually go to $150K this year, if a real bullish movement starts, it can easily cross $150K. So instead of worrying unnecessarily about the market, be patient and continue holding Bitcoin with faith, the future of Bitcoin is bright, so it will go far.
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Board Trading Discussion
Re: What's your advice to newbies who wants to trade.
by
Ricardo11
on 20/07/2025, 17:48:40 UTC
Because not all are here to listen and follow good advice. Some just forget about it and continue doing what they think is right.

In fact, we have to be thankful to those old traders for sharing how they stepped out of their mistakes for us to change. Unfortunately, instead of doing what they say, we do the opposite and commit the same mistakes that the old traders did before. I could say that no matter how much advice we give, nothing happens if we don't see it as valuable. We are still doing wrong before we learn something.
It is better to learn through the mistake of others, than to have a bad experience. I suspect that the reapn why some trader don't take advice from experience ones is because of greed. They want to make quick money from trading, so they end up taking uncalculated risks that can lead to big losses. Some of them end up learning their lesson the hard way when they suffer losses. I am not an active trader because I have not gained enough knowledge to start my trading adventure.
Those who are new to trading are very wrong in this kind of activity, that after gaining general knowledge about trading, they become desperate to achieve success in trading, and they start using a lot of money in trading without adequate advice. Trading is a field where the possibility of loss is high if patience, knowledge, and rules are not followed, moreover, trading is more difficult than we imagine, so here we must definitely take advice from an experienced trader. Learning from the mistakes of others is really a great virtue, it is definitely good to have this kind of mentality, but if you can learn from the real experience that you will gain on your own, that is, In the first stage you will have to face losses, and from that, If you can learn more deep from that, then it is even more effective.
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Board Trading Discussion
Re: Start Trading for Beginners
by
Ricardo11
on 20/07/2025, 17:25:08 UTC
Thank you for your good tips OP. But just to remind every newbies out there, knowing all of these is just a small portion when you are in real trading. Skills and experience matter the most, so if you think you certainly have less knowledge and experience on trading, it’s better to study more of it before you decide to risk your hard-earned money into trading.

As much as knowledge and experience are crucial when trading, I should say having patience and emotional control as well will pave way for a better trading performance. So make sure to develop those positive traits first before engaging in real trading.

It's a reality that no matter how much you learn about trading through YouTube or by using techniques like paper trading, you will learn trading only once you start trading with real money. When we are new to anything we do commit mistakes before developing skills in that domain like when we start learning driving, we do mistakes initially when we drive car our self. Likewise in trading, we have to face loss in the start and best why to reduce that loss is to start with a small money or money that you can afford to lose.
A new trader can never truly learn trading before real experience, the amount of knowledge you gain by watching YouTube videos, taking advice, reading books is all general knowledge, but deep and real skill knowledge will come only after real trading. So after gaining general knowledge, when you first start trading, you will lose, but during that loss you have to have a mindset of learning more, when you try to learn more from each loss, you will be able to gain deep knowledge, and only then you will be more experienced. So every trader should understand these things, instead of trying to achieve success first, trade with the ability to lose in the first situation, and try to gain more knowledge from that, patience, experience, and a mindset of regular learning are very important in trading in the first situation.
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Ricardo11
on 20/07/2025, 15:49:21 UTC
[

Our level of aggressiveness or whimpiness is a choice, and there are ways to be aggressive without overdoing it, and surely the more aggressive we are, the more we run the risk of overdoing it in one way or another.. yet I doubt that being aggressive is a negative because we are able to tailor it to our own aspirations, and try to keep in mind if we might be pushing the boundaries too much in terms of starting to have negative consequences associated with our level of aggressiveness.
Buying bitcoin aggressively is not really a bad idea, the way an investor go about it is what that is going to show the effect it will have on the investor.some investors do mistake being recklessness as being aggressive, this two terms are different entirely.it will really be helpful to any investors if they can be able to control the energy they put in acquiring aggressively and aling it with there long term goals. Overdoing it or not balancing it, that is when it will become a problem.
If they can control themselves to hold until the market is mature for holders to sell in the bullish season to take income, which is the best season for bitcoin holders to smile. but if you know you can't control the way you are buying bitcoin aggressively from the market, you can buy what you can afford to lose so that you will not have blood high pressure when waiting for bullish season to hit the market before you can trade, You can be buying gradually as the price of bitcoin is decreasing from the market, for you to be accumulating enough bitcoin that will give you the opportunity to make huge income in the future.

I don't know if am correct with what I understood from your post, from I what I got from your post, it seems that your are describing buying Bitcoin at low price to sell it when the price has increased, traders approach, I know that buying Bitcoin at the decreasing price which is called dip helps investors to buy Bitcoin discountedly, but you don't have to wait until the price of Bitcoin will be decreasing before buying, a low or no coiner will want to buy Bitcoin at all times of the market using the DCA without looking at whether Bitcoin is increasing or decreasing.

There is no better and more effective Bitcoin investment strategy than DCA, invest a fixed amount regularly without looking at market fluctuations, and keep building a Bitcoin portfolio at an average price consistently, people who are just waiting to buy Bitcoin at DIP prices can never invest effectively, and their investments do not give very effective results, which could have been obtained from DCA investments. The market never works according to our expectations, so if the price we are waiting for never comes, then your wait is completely worthless, rather you are further behind for it. So create the right mindset about Bitcoin, and invest in Bitcoin using the right effective strategy, only then can a good result come.
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Board Gambling discussion
Re: Which is more addicting?
by
Ricardo11
on 20/07/2025, 15:25:19 UTC
I consider slots more addictive because everything is a matter of luck, with sports betting you have to think, analyze, see, search for news, do a good job to get a good prediction result, the difference in these is that slots can entertain you so much that you spend money almost without realizing it because the emotions they unleash are many, I would say slots and for that same reason and because by betting little you sometimes win a lot.

Slot machines are designed in such a way that people easily become addicted, especially in the case of physical casinos, where the exciting sounds, lights, and instant rewards all create a kind of mental excitement, which makes you more interested in gambling and all in all, a kind of confidence is created in you, which makes you feel like you can win very soon, in short, these things keep you locked in to gambling, you cannot get out of them easily. So slot games are definitely more addictive than sports betting.
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Board Gambling discussion
Re: What kept you safe from doing 'stupid' in gambling
by
Ricardo11
on 20/07/2025, 14:52:12 UTC
We're glad that there were gamblers before who took risks and suffered losses. They are now our tool for learning, and yes, because of them, we change. However, this won't make everyone pleased to change their behavior and thinking. Many still live in greed and stupidity. That is why we don't wonder if gamblers have fallen into addiction, committed huge debts, etc…they never realized the situation yet.

What saves us from doing stupid things is to learn from our mistakes. If this makes it difficult, I don't know how gambling ruins our lives.

Some people didn't learn from the mistakes of others, they ignored it until they experienced it and learn from their own experience but the experience sometimes is not usually good. If you learned from the experience of others, it's really good, you won't be too greedy, nor allow yourself to be addicted, or even take the kind of risk that will make you have health issues like some people get depressed after being disappointed by a bet they totally gave all their hope.
Yes, those who can learn from the mistakes of others and realize the right thing will definitely be able to control themselves before the damage happens, but unfortunately not everyone does that. Many people do not realize it until they suffer the pain themselves. However, even if there is some damage, if they can understand the right thing and come out of it, then that is also good, because there are many people who do not understand the right thing even after the damage, after the damage they start taking more risks, and make more emotional and greedy decisions, due to which they face a bigger disaster. So I want people, whether it is from the mistakes of others, or from their own experience, to be able to realize the right thing anyway and refrain from making wrong decisions, because if they cannot control it in time, the amount of damage can be huge.