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Showing 20 of 76 results by gekon
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Board Trading Discussion
Re: Practice trading
by
gekon
on 03/10/2017, 02:38:23 UTC
Trading is not really that hard to understand, its really all chart reading and controlling your emotions. Everyone else buys and sells, reacting to the news or a rumor or some price move or a friends hot tip or or who knows, could be any combination of things.. But one thing is for sure, its all written on the chart and if you learn to read the charts you can easy start to multiply your money.
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Board Trading Discussion
Re: Bittrex or Poloniex. which one do you like to trade?
by
gekon
on 03/10/2017, 02:33:12 UTC
If these two were my only choices, I'd go with bittrex. I actually am using it, but then I consider all value stored at exchange as null unless converted back into fiat. Damn, even some banks in where I live are known for refusing transactions from exchanges and closing your accounts. Basically, unless it's in a cold wallet or cash in your hand, there is no real value. When shit hits the fan, exchange will screw you over.
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Board Trading Discussion
Re: I quit trading
by
gekon
on 03/10/2017, 02:29:00 UTC
I am not much of a day trader but more of an investor. I see a difference. If my current investments don't work out for me then I will find another way to reach my goals. If I fail I hope others will learn from my mistakes. If i succeed I wish to show people that things can be possible even if against odds. My intent for the video was to let people follow my path as I explore this highly technical world as a none technical person. I honestly expected that people on this thread would have more faith in this whole thing.
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Board Gambling discussion
Re: Why is gambling so addicting?
by
gekon
on 03/10/2017, 02:07:15 UTC
The media and advertising agencies understand the psychology of gambling and often portray a stylish, sexy, fashionable image of gambling. In film and TV, we see characters enjoying a night at the casino or an afternoon at the races. There is often a suggestion of 'high society' and attending at 'a place to be seen'. Gambling is accepted as part of this country's culture and as such is widely articipated in (with varying frequency) by the majority of the population. Some young people are introduced to gambling by learning to play card games with their parents at home, maybe we go the bingo with friends on a Friday night or meet after school at the amusement arcade.
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Board Gambling discussion
Re: What did you buy for money won?
by
gekon
on 03/10/2017, 01:56:17 UTC
Usually money won will use to pay my needs, my girlfriend and my debts. I would enjoy the life after a stress bet with the House. So actually it's depend on the won money too, cause i can buy for me something valuable like a smartphone or a tablet or a modern fashion watch . There is only gambling can earn money but many ways to spend those won money.
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Board Trading Discussion
Re: Dividing your salary.
by
gekon
on 03/10/2017, 01:22:53 UTC
I'd say up to 5% if you can do it.? Take care of all your needs first,? or else you'll end up having to sell and it may not be at the price you want.? ?I'd get into a retirement plan too, if you can.? Crypto is way more risky and bitcoin is at its all time high.? ?You say we're heading for the moon, but we may already be there.
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Board Economics
Re: Do you use a Bitcoin debit card?
by
gekon
on 03/10/2017, 01:14:12 UTC
That would be great, if all places accepted bitcoin payments. I've been using Cryptopay when traveling and it has been working great. So until every store accepts btc payments I guess we're stuck with 2% transaction fees. Just using a card in my country's currency would result in a conversion fee larger than that. Xapo for now is not the best anymore when fees of them are really high
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Board Gambling discussion
Re: Benefits from Gambling
by
gekon
on 03/10/2017, 01:08:45 UTC
If you want to win big and constantly, you need to start a gambling business. No other way around. You cannot take a bigger cut of the gambling pie unless you are one of these companies. Even the most successful poker players and sports bettors cannot compete them in profitability. Yes, these businesses are not one-man shows. Plenty of people work in the gambling venues, from dealers and odds compilers to marketers and public relations staff. They are real businesses with business plans that guarantee them a profit for offering a service to the public. That service is entertainment. Because that is what gambling is.
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Board Trading Discussion
Re: Stocks or crypto ? which has great future?
by
gekon
on 02/10/2017, 00:30:52 UTC
You can make a good deal in both and lose a good deal in both. Stock market is at an all time high, cryptocurrency market is at all time high(s) more or less. However, the cryptocurrency market hasn't yet fully 'matured'. I'd say there is much higher potential upside with cryptocurrencies at the moment. With that said the stock market is probably more stable.
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Board Trading Discussion
Re: Btc = you make me tired
by
gekon
on 02/10/2017, 00:30:02 UTC
ya they are mostly noise nowadays. how things have changed over the past few years. bitcoin had a vision and a strong ideological allure to it but that allure is being drowned by power grabs and greed. it is money after all but it is a shame the first iteration of cryptocurrency is suffering so much.
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Board Economics
Re: You should never trust banks
by
gekon
on 02/10/2017, 00:26:34 UTC
In my years of banking experience I've seen plenty of financial advisors who were qualified, trustworthy and always acted in the best interest of their clients. I left the bank a few years ago because I saw fewer and fewer of these people and it became solely about selling a product and making a profit. If you are seeking their help - visit a few and ask as many questions as you can.
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Board Altcoin Discussion
Re: Bitcoin Vs Bitcoin Cash
by
gekon
on 02/10/2017, 00:20:04 UTC
Bitcoin Cash pros: A big argument for Bitcoin Cash is that because it allows for much larger blocks than Bitcoin Core, this will allow greater throughput (~24tx/sec max) & less backlog as well as lower fees. This lets Bitcoin Cash scale more and their argument would be it is more useful for peer to peer, for commerce and just everything. Additionally it does not include Segregated Witness (SegWit) (which some view as a positive since some see SegWit as less secure or having legal issues).

Bitcoin Cash cons: Against Bitcoin Cash we have arguments like it is more centralized due to small less well known development team and due to fewer people running Bitcoin Cash full nodes and higher cost to run a full node. It does not (yet) solve transaction malleability (SegWit) and so existing Lightning Network (LN) implementations won't be run on top of Bitcoin Cash at this time.

Bitcoin Core pros: Established large development team, robust network of nodes (less centralized), transaction malleability fix (SegWit) allows current Lighting Network to run on top of it. SegWit allows for double the existing transaction throughput of the current Bitcoin Core limit of ~3tx/sec to ~6tx/sec max once enough people are using SegWit style transactions.

Bitcoin Core cons: Even with SegWit transaction throughput is limited. Centralized control of development from Blockstream and very small group of prominent devs that effectively have control over changes. Some toxic developers. SegWit some believe is less secure or can lead to problems (this is of course highly disputed). Reliance on unproven solutions like LN to increase throughput/scale beyond block size limits.
(Note also that the Bitcoin Core chain may undergo a further hard fork later this year when SegWit2x forks off that chain. But no time here to describe those implications.)
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Board Gambling discussion
Re: Do You Go to Land Based Casinos?
by
gekon
on 02/10/2017, 00:19:13 UTC
I live in Hong Kong so I pop over to Macau every once in a while. It is a soulless fucking shit hole. There is absolutely nothing to do there but gamble. They do have some very nice restaurants, but other than that, you can't compare the nightlife of Macau to Vegas.
Gambling is pretty serious over there. A single minimum bets on the blackjack tables of the big casinos such as the hardrock or the venitian are usually $500 HKD ($65USD). This seriously sucks because most people can't afford just sit down and fuck around/socialize/have fun for a few hours at the tables.
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Board Trading Discussion
Re: Anyone predicted this new little dip in btc?
by
gekon
on 01/10/2017, 07:41:16 UTC
I'm just curious cause i thought that btc price would go up at around 4500 value. I traded these days at the 3850-4100 values and now i'm "stuck" in BCC.

yes it will go down for a while and i think its just correction before its back to increase. we can reach $45xx but we need to waiting and after we break the barrier, the price will go up more. i think if you don't sell right now, you can waiting for another high price soon so you can make profit too. just be patience once more time and don't be panic.
Regardless of the cause (you're possibly right, possibly wrong; but either way I think the effect will be the same), I've been holding on to a little spare fiat that I was going to buy more BTC with. The plan is to time it to get an even better deal than if I were to buy right now.
The interesting thing is that if there's enough people doing the same as me right now (seems likely), that reduces the buy pressure pushing the price down and once we do all jump in, it should rise again with a decent strength/speed. Some will then sell off for their 'quick profits', but there's enough hodlers out there (me included) that it won't just keep yo-yoing up and down.
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Topic
Board Mining (Altcoins)
Re: Browser mining? (Nimiq, etc)
by
gekon
on 01/10/2017, 07:37:10 UTC
Who needs cryptocurrency-mining Trojans or worms, when you can infect someone via their web browser? That seems to be the thinking behind a new wave of cryptocurrency malware that’s loaded via websites and runs while you have a page open. In some cases, this may be the result of malware infecting a system, but in others, it’s a deliberate decision that’s being used to juice profits.  The Pirate Bay — a website for torrenting software, video, music, and other content that no ET reader has, or would ever consider visiting — has been caught running a cryptocurrency miner on some pages.
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Board Gambling discussion
Re: Investing in Bitcoin Casinos are really worth it?
by
gekon
on 01/10/2017, 07:33:55 UTC
The biggest problem with Bitcoin is that if these people decide not to give you your coins back, let alone your interest... there is absolutely nothing that could be done about it. It's all done instantly now... So the second a site doesn't give your money back its game over. They take everything or nothing. I'm saying it's generally binary, the moment an investor can't take his money out he tells the world on the Bitcoin talk forum and the site either needs to pay or it will have to shut down as a scam.
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Board Economics
Re: How to make money only with BTC
by
gekon
on 01/10/2017, 07:25:47 UTC
Don't trade. It is straight up gambling and simply not worth the stress.
Just buy an amount of Bitcoin that wouldn't cause you lasting economic harm if this whole thing goes tits up and put it in cold storage.
View Bitcoin as an all or nothing bet. If it fails it will be worthless, if it succeeds then functional necessity will put the price of one Bitcoin at well in excess of $100,000.
You don't have to risk large amounts of money to potentially see massive returns.
A vast and growing industry of people far smarter, skilled, connected and well resourced than you or I are actively building the businesses and infrastructure to make Bitcoin a success. By holding part of the underlying asset their efforts will directly benefit your investment.
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Board Gambling discussion
Re: Can maths help you win in gambling ?
by
gekon
on 30/09/2017, 09:42:42 UTC
I do not think that using math or other predictions you can win in gambling, and especially in roulette. There everything is designed for pleasure, not profit.
Me too, i don't think that math could help you win in gambling but it will be a help in making you decide on how much you will use as a bet to keep on playing longer and how much you will keep if ever you win. If you are good in math you can use it as a strategy in some ways if ever you have an idea on what strategy it is, but you can't use it as a prediction to win in a game.  I don't think that gambling was just designed for pleasure cause most of the people risk their money even if there is no assurance to win to try their luck and earn more of what they have. It's just that gambling is not profitable in a long run.
Maths could help you but not that much in sport bettings. Maths help you count the probability of some gambling like dice , roulette or mines. Cauuse their percent happen are 50:50. So you could find out how ricky you are playing at casinos gambling . In sport betting, you need to know more about Head to Head history, the form of that team . Much more things and it's complicated not like casino games.
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Board Gambling discussion
Re: Worst mistake in gambling
by
gekon
on 30/09/2017, 09:35:12 UTC
The most stupid thing i ever did in gambling is press wrong 1 more 0 in my amount bet. And that bet is lost. That's huge for me. I never get that trouble again. Fast and Furious will fuck yourself with big trouble. Be patience for every bet of your will stay away of this( but if you're lucky the won bet will x10 Cheesy )
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Board Trading Discussion
Re: How do you Panic?
by
gekon
on 30/09/2017, 09:30:08 UTC
Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time.
How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL?
What makes you panic and how do you react to it?

I do not panic. I used to panic and sold my tokens with emotions running really high. Right now, I don't care anymore. I am emotionless when it comes to trading. If my tokens will go as down as 1 satoshi each I will not react even. For as long as the project is functioning, it will go high for sure. 
That's nice i think you already know how to manage efficiently your trades are. Panic in trading is not good to adopt it is normal in the first time but don't embrace because it is the enemy of your patience.
Panics or emotions are fucking things that gambling and trading should not related to. Trading and Gambling only needs patience to make the effciently profit. But you need much more skills and lucks too. You can't do anything with only keep your emotions and panics only.