That is true but the inference that mining is a no go area, isn't exactly correct. Wheres the difficulty of Bitcoin might have increased, there are countless of other coins with far lower difficulty rates and anyone can channel their own mining gears towards mining of altcoins and subsequently exchange back to Bitcoin if need be.  .

You assumed wrongly perhaps because you're not into trading yourself! You may want to know that no experienced traders expects all the orders they place to end in profits and only those who do not understand the mechanism of the market would reason otherwise. To jump to the conclusion that trading and gambling are one and same, is a clear manifestation of the lack of understand how knowledge and skills demystifies mysteries!

You're right, transaction fee and confirmation time are no longer the bore and burden they were couple of weeks back. Be that as it may, a look at the global financial market would reveal the plunge is not something peculiar to Bitcoin or the cryptocurrency market, rather it's a market wide development affecting all segments in the financial sector.

Except for the trader that's still learning the ropes, selling ought never be an after thought, so if a trader did not set out to HODL from the onset, the decision to sell should be dictated by the market and a trader should have sold his coins long before panicking sets in. There are a good number of indicators and patterns that any trader can put to use to signal when a party is over.

I think you were going to say Bitcoin was created to liberate us from the financial bondage, imposed on us via fiat money! It goes without saying that the governments would not support anything capable of eclipsing fiat money because that would mean shooting themselves in the leg. Be that as it may, cryptocurrency does not need nor seek to displace fiat money to be able to function effectively.

Every other person shares your point of view except the ones benefiting from the crooked system that makes slaves of vast majority of people. Chief among them're the governments, who sees Bitcoin as a threat to their power and control of people through their finances.

You're right, the best time to have bought Bitcoin was couple of years back when the price was yet below $1000, but most people knew no better back then. However people have become quite knowledgeable now and can tell how Bitcoin is always bouncing back and even beyond every time it plunges. That is to say that profitable buying opportunities for Bitcoin, did not end back then but still here with us, for the traders that know what to look out for.

I think something worth noting from this big investors is that they never took HODLing apart from trading, instead they have HODLing integrated in their trading. By that, they study, analyze and follow up the market, until such a time when a good entry point shows up instead of having to buy arbitrarily, which is exactly what spurns up panicking and sleepless nights.

That should not have come as a surprise as we see in human nature, some people are too conservative, they would see nothing good in a change even when one is glaringly obvious. At any rate, progressive minded people know that there's a time and place for everything and that no one solution can fit it all, but every solution is an answer to a particular problem. In the light of that, the rivalry between gold and Bitcoin becomes grossly unnecessary. Bitcoin is a virtual asset, whereas gold is a physical asset, the best of both worlds becomes achievable when they work in synergy than when they are having to go solo.

As is, Bitcoin is the most valuable currency around and because of its intimidating attributes, it's a potential threat to the local currency of any country that settles to use it as a national currency. In the light of that, it's worthy of note that only countries with vibrant economies can be able to muster the strength and the wherewithals to give Bitcoin a nod, Japan is an instance. As for the developing countries, almost all of them are already neck deep in economic crises and bringing Bitcoin into the picture, can only exasperate their situations.

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Does Bitcoin actually make people grow rich overnight without stress? It does not and HODLing is indeed an entrepreneur at work and it is not all said and done else everyone would have become a HODLer. What impresses me the most about Btc is that its decentralized nature is a brick wall to the governments.

I think not so, by panic selling, the seller is actually contributing to the dumping of a coin, because  his share further adds up to the already excess supply in the market and any student of Economics would gladly tell you that whenever there's excess supply in any market, price usually drops, a case in hand is the recent plunge in the price of Bitcoin.

I think you're really not on this boat, Bitcoin is now over 9 years old and can no longer be said to be a startup. Its has grown quite popular across the globe as a payment system and one or two countries have had to legalize its use in their, while a significant number are looking to regulate it and some have settled to have it banned in their jurisdiction.

Bitcoin was designed to be able to bypass a third party, which includes the government and that's a threat to the extent governments can control the finances of their people. That's however quite far from having anything to do with a goal to end governments, fiat or anything. Bitcoin seeks to innovate the financial sector and that's all.

I have heard that life is a game of chance and I have seen it firsthand that the swiftest most often do not win the race, because opportunity has a way of smiling on the prepared! If we sum up all the above, it becomes evident that neither luck, talent nor intelligence on their own is enough to make for success, but their combination greatly increases the success rate.

Well everyone cannot be a winner, but that does not diminish the fact that technical indicators have their place in reaching of market decisions. The situation is like in every other life's  situation, what works best for one person may not necessarily work for another. I like to trade breaks and bounce off support and resistance  levels and my analyses usually involves the use of Bollinger Bands, trendlines and RSI.

Anyone who has been following  Bitcoin over the years would have by now realized the tendency of Bitcoin to bounce back everytime after it plunged. That is to say panicking and selling off one's hard earned coins everytime price plunges ought not to become an issue knowing that, it's just in the passing. We're seeing that a bottom is already formed slightly below the $6000 price level and bit by bit, Bitcoin is once again recovering its lost ground, which is why HODL is working like magic.

Pinnacle is a renowned sportbook and has been doing business since 1998, so its adoption of Bitcoin as one of its payment methods is a welcome development and a big plus for Bitcoin. Sport betting with Bitcoin just got better, reliable and more attractive. I see BitPay is doing a great job of shadowing the price volatility of Bitcoin and thus making it attractive to a teeming number of merchants across the globe. More adoption of Bitcoin by many merchants is actually a prelude for the stabilization of the price of Bitcoin.

Even if you bet your house, its worth would still be valued at a certain amount of money - gambling simply means wagering money or a host of things with high liquidity, with the aim of winning more.

Nevertheless, the thread isn't asking if money is the only thing that can be used to gamble. There seems to be an increasing number of people claiming they gamble for fun, which is to say, their motive for gambling isn't for making extra money, they've fun losing the money they already have! Are you one of such persons?