I'd explain to her that I'm winning and I'm being responsible, that I don't chase losses and I don't put my well being at risk. I would never go in debt over gambling and it's just a form of making money.
What she should understand that he isn't trying to end the relationship, she is by forcing him to choose. I'd ask her if she realizes that we're going to have less money if I quit.
The choice depends on how much he loves her, I guess.

SBF was a tool that I'm almost sure of, although can't fully prove it. There were much more powerful and much older people than him pulling the strings of his scam. He is incompetent, but I wouldn't say he's not a bad person. Have you seen any of the early interviews? The ones where he avoided answering questions, attacked people who did not allow him to elaborate and kept going straight to the point.
If you think it was all about his inability of running the business, how do you explain a few facts:

SBF bought himself a cheap Toyota to appear "normal" but at the same time he owned a yacht. He wanted to keep the scam going, didn't want people to think he's spending more than he should be.
He bought his parents a house with money he stole from customers. This was a deliberate action on his side. You can't expect a grown up man not to know that it wasn't his money to spend.

IMO he's a typical son of rich parents, an entitled teenager who refused to grow up. A little princess that complained there's no vegan dishes in jail.

I'll ask you a question OP. Imagine a situation when someone asks you where you work, how much you make a month, how many savings you have and in which bank. Would you be fine answering this?
Asking people if they are bitcoiners is very similar to asking all these questions in one go because most of us self custody, so if we own bitcoin, we have it at home. It's rare for people to hold a million dollars at home, but not for bitcoiners, many of us hold large amounts of money, therefore we don't like to talk about it in public. I don't want people to get the wrong idea that I'm some money launderer with a lot of untraceable electronic currency.

When I was a kid there was a physical currency exchange near my home and one day, in the evening, the owner was closing down and leaving with a suitcase of bills. Some guys knew he was armed so they didn't bother reasoning with him, they shot him on the spot and took the money. It was much less than I have on my desktop wallet and probably 100 times less than the coins on my hardware wallet is worth.

Bitcoin isn't and shouldn't be understood as a hedge against inflation because thinking like that can lead you to panic when the math stops adding up. Inflation in most of the EU countries is between 5 and 10% at the moment and Bitcoin lost 60% from its top. How is that an inflation hedge?

Can we achieve financial freedom with bitcoin? Of course but not the way most newcomers think. Bitcoin is not there to make you rich. Financial freedom is your freedom to transact with people all around the world fast and cheap with no limits and no need to exchange currency. It's not you buying bitcoin and becoming a millionaire in a year

Getting a loan for functioning gambling site that brings good money is doable, especially when you have some collateral.


His mistake was obvious, but why don't you answer the question all of us have in mind, which is that if you can earn it in 200 days why don't you take a simple loan. Many banks give out $10k just like that if you're a client with stable income. You could use that 10k to start improving the site, maybe pay for some advertising, while saving up from profits.

I don't see any of these things as issues or challenges.
Scams happen everywhere and they are a part of the traditional financial system as well. Most scams, drug and arms deals, prostitution, human trafficking is financed with cash.
The only scams that can be harmful are fraudulent exchanges like FTX, but these usually harm people who hold money there. It's rare for someone who does their business and withdraws on the same day to lose money on defunct exchanges like Quadriga, Mtgox and so on.

Price fluctuations are good for investors because you can be on the winning and on the losing side of things, but with enough caution and dedication you can come out on top.
People who buy the top feel bad about it, but you'd probably want to be one of those who bought the 2013 or 2018 tops. Buying the top means pain, but it doesn't have to mean a loss. Even if bitcoin were to decrease its volatility by 50% there would always be people who buy high and sell low.

I agree with you OP. I've said it years ago when I first joined the market that IMO most altcoins is just noise that's there to distract you and siphon some of the money away from bitcoin. Many of these coins exist only to decrease bitcoin's market cap and leach into it. You could see it in 2018 when a lot of these bitcoin imposters started to come out like BCG, BTG and so on.

IMO people who are investing in altcoins are either looking for fast gain (pump and dump) ore are hedging against bitcoin, or at least trying to. A good example of a hedging altcoin is XRP but I don't think it's going to come out on top.  don't own any XRP, I see no reason to go against bitcoin. If bitcoin fails XRP and other hedges will fail as well.

In short, I could sum up your post into this:

1. Investor - you will make money

2. Trader - you will make money, just note that you'll also lose some, especially in the short term.

Just buy bitcoin, OP. Don't pick your path. Don't take unnecessary risk by trading, investing in altcoins, hoiding on exchanges, mining, staking. Buy and hold.

I like ATMs. I have one nearby that chargets 3% of transaction, requires no KYC and you can sent coins from home and withdraw at the ATM. You basically transact with it online and get a text message to your phone with a confirmation, then go to the ATM, enter your phone or email and the ATM sends you another message with a pin code that allows you to withdraw cash.
Since I like to remain anonymous this is the best way to get some fast and anonymous cash in my area.


I think it was the problem was in KYC. People like me were using ATMs exactly for that, but if it's changing most of their clients are going to leave. The only reason why I'd pay 3-5% per transaction is if I were to remain anonymous.

Anger is also a sign. Normal people will play and just walk away when they lose, some with a little bad humor, but an addicted gambler may overreact, try to blame others, threaten people, maybe even become sick and depressed until he's able to play again. It's really a bad addiction if you fall deep into it.
First signs of gambling addiction are usually spending too much time playing when you should be doing something essential like going to work, sleeping, eating, studying. It's obvious when you're getting addicted but people lie to themselves and think it's not that bad.

I have 8 year old coins myself. 11 sure is a dedicated investor because at that time you were able to get bitcoin from faucets. Those were good times when you could get free money.


Unless he lives in Beverly Hills, NY, Silicon Valley... Or many other places. Come on man, it looks like a big amount but it's only 8 million USD. For many people that's pocket change. SBF was spending more with one hand while picking his nose with the other. Bernie Madoff was able to get 30 million investments into his scam from some of his wealthier investors. 8 million may be a lot for a normal person, but for an actor or a football player it's just a payment for a contract.

I'm bullish. The recent breakout was a show of strength by bitcoin. IMO we are past the worst point of the bear market and the bear market should've ended above 20k. It would've happened if not for the Scam Bankster Fraud and his scheme which was a black swan event a bit like the covid crash of 2020.
We may go sideways from here, we may go up, it doesn't matter because I'm not a short-term investor. What I'm sure is that we're only a year from the halving and the closer we get the more confidence we'll see in bitcoin investors. I expect us to stay above 20k from here and eventually move towards 30k later this year.

This means that in 2021 you would've sold at 21k or something like that and in 2024 you're planning to sell at 70k. If that's your strategy, you can as well put a sell order right now and forget about it.

If I were you OP, I wouldn't try to catch the top. People who try to hard usually end up making mistakes and regretting it. Buy and focus on the long term. Don't watch the price, check it from time to time, maybe once or twice a week. You'll be healthier, more relaxed and when the pump comes you'll have months to decide if and when you're going to sell. A bull market is not going to end in a week.

because gambling can be an addiction for many people and this is not the problem of gambling itself but of people who allow themselves to be addicted. It's our human weakness.

I'll give you an example. I have a friend who is addicted to smoking and he's also a frequent drinker. I wouldn't call him an alcoholic but he's getting there. He also barely has any money, despite having a decent job. He drives the most destroyed car I've ever seen where seats are ripped to the point where he sits on bare foam, but he always has money for smokes and beer.

Also, this thread should be in gambling discussion.

Once and I've succeeded at that. One time in my life I've gambled away more that I could lose. It was early on when I had some spare money because bitcoin was pumping. It was in 2016 or early 2017. If I held on to that money instead of gambling with it I'd be able to gain at least x6 by the end of 2017. That's when I turned my habit into casual gambling and I've never lost big since that day.
I have everything under control now. No dicing, no big deposits, casual sports gambling not more than once a month.

You're right. Biden probably won only because people had enough of Trump and his constant boasting. I'm the best at this, I'm the best at that, grab them by the pussy.

IMO this time there's very high chance of a woman president. People had enough of war mongering white, conservative, rich guy, so they voted for a black liberal, then again for something completely opposite, which was another rich white guy, and then again a rich, white conservative, because this is what they wanted but unfortunately the guy is too old for the job. There's a chance people will again want the complete opposite, which is a liberal woman, preferably not white.

Gavin supported an obvious liar. I don't get how you could be so easily fooled. Craig never did anything good for the community. He's a narcissist who wants to use outdated centralized systems to influence bitcoin. A good examples of this attitude are patent claims and court cases where he tries to sue proponents of free speech. He thinks that the court can somehow give him rights to bitcoin. This idiot thinks he'll fight his way into history books.

Craig is sick, but what was Gavin's agenda here? What did he hope to achieve by supporting Craig?
Somebody should tell Craig that no matter what patents he gets and what court cases he wins, he can't turn back time.

I haven't read all of it, but most of it and all these attacks relied on physical access.
They could make your computer transmit data through memory chips, keyboard LEDs, screen changing brightness, stealing and freezing memory chips, and so on. After reading it, I don't feel discouraged from using an air-gapped computer. If I ever face people who can break into my house without leaving a trace and modify my computer so that it starts sending data into a mobile phone network, I'm fucked anyway. They could as well drill a hole in the ceiling and place a micro camera that looks at my screen and keyboard. They wouldn't need to put a 100k USD worth of stuff into my PC to turn my RAM sticks into wifi antennas.


I once saw an interview with a weed grower and he said that every person that knows about you doing it doubles your chances of getting caught. It's the same with owning bitcoin, the more people know about it, the more shit can come your way.

It's important to have safety layers that work with each other, as each layer adds security to the whole system. For instance, I live in a house where there's only one access road and both my neighbors have cameras pointed at that road. That's already a security layer. There's no way to get close enough to my house to access my wifi network without me knowing it, unless you're my neighbor. The house is big and a hardware wallet is very small. Even if someone somehow came looking for it, it would literally take him days to find it. As for the wrench, I chop firewood, he comes with a wrench, I've got an axe

I rather not do it because high bet doesn't mean the person is going to win, although it has some vibe to it when you see someone placing a large bet you think that guy has to be confident in that outcome. There's always the other side of the medal though. Maybe that guy places a bet that's 1% of his paycheck. You think it's big money and to him it's pennies.
You can compare this to what Tate is doing. He was buying cars worth fortune just to show off because he had so much money. I wouldn't be able to afford one of those cars, so I could say that buying such car is a good idea since he's doing it, but it's not. Spending millions of dollars on cars that depreciate in value is a terrible idea even when you're rich. Rich people don't always know what they're doing and they don't always fall on all 4

I think he's asking for both. He probably would want to see something like:
"I played on stake one day and if you start with 49% chance and keep playing martingale while decreasing your chances by % each round you will see that your coins will keep growing and adding up after a few hours you'll have 10% more, seriously, I did that 5 times already!"

There's no strategy with those games each roll is calculated individually. It's not real dice where you can throw with left hand bouncing it from the side and you'll get 7.