There is gambling and you can play hard. Loyal followers of the Bitcoin Gambling Guide, we warn you. If you use Bitcoin and gambling, then there is a chance that you are prone to risk, very alive and well. After all, you are risking on table games and sports betting, as well as Bitcoin and other digital currencies. The price of cryptocurrencies can fluctuate 30-40% in a day for heaven’s sake, no problem if it’s a week or a month.
What do you think is more volatile, your investment in cryptocurrency or your betting strategy?
The odds of answering the question are to engage in personal reflection and to be honest with yourself about how you place your bets and how you decide which cryptocurrencies to invest in. In this post, you’ll review a few things you need to think about in terms of determining what volatility you can handle and that what you’re doing is rocking the boat a little too much in that section.
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What makes the right investment strategy?
For a novice investor, whether the investment vehicle is a stock, bond, mutual fund or Bitcoin, dollar cost averaging works well. You commit to investing a certain amount every week, every month, or even every year, and you stick to that amount, no matter what the market is doing at that moment.
On the other hand, more advanced investors can spend their time trying to figure out if the market is going up and down in the coming hours and trying to capitalize on volatility. This is daily trading. Only the top percentage of daily traders make serious money. Most people fail with strategy.
At the end of the day, what constitutes a well-founded investment strategy can be traced back to personal preferences. The average person, no matter how much they know about cryptocurrency or any other asset class, is best invested in a diversified portfolio that spans multiple classes and invests their assets in different industries and different types of investments.
What makes a good betting strategy?
A good betting strategy allows you to increase your bankroll at a desirable rate without having to risk a complete break. Part of avoiding advancement was that he could either play the odds very well at the tables or understand sports betting to consistently select the winners. If you can’t do that, no bankroll management strategy will save you.
Most skillful sports players accept up to 5% of their bankroll for a single game, and this 5% game is rare because the best players know that you can only bet if you have a certain degree of certainty about a particular result very much. tall. The most ideal way to bet is probably 1-2% of your bet.
Another strategy is to bet on the bankroll based on units. The unit is simply an equal stake that allows you to comfortably wear events over and over again. If you only feel good accepting $ 10 worth of Bitcoin at a time, you’ll bet that $ 10 and only increase the number of $ 10 increments if you really trust the bet.
The most varied betting strategy
The Martingale system is arguably the most flashy betting strategy. He holds that if he loses a bet that yields a result equal to an even multiplier, he simply doubles his bet on the next bet. You will continue to double your bet until you win, then start the process again with a smaller bet. On the one hand, this strategy can be a really quick way to increase your bankroll. On the other hand, it doesn’t take a lot of losses in a row for the stakes to skyrocket, and let’s face it, most people don’t have an unlimited number of pots to play with.
So what is more volatile?
Because gamblers and Bitcoin fans, to be honest with ourselves, in the long run, it’s likely that our gambling strategies won’t necessarily make us rich, which means the average person’s bankroll management is much more volatile than the cryptoparket. This is especially true when you consider that the value of Bitcoin approached $ 20,000 at the end of 2017, it disappeared as low as $ 3,100 last March and is now bouncing around the $ 11,000 level again. Anyone who has a long run before 2017 will now laugh all the way to the bank, but only if they have the courage to stay in the game all the way. This is really what long-term victory is all about.