Big or small, I think it doesn't matter.

The thing here is that you are risking your money into investing in one of the most volatile cryptocurrency so you should really expect to lose, that is the same with the money you are using. Losing here is inevitable so I think you should be knowledgeable about the thing you put your money in. You should be able to lessen the risk you are taking in, as people usually said it to me.

There are a lot of things we can do besides that.

I just read this and I think people should be interested in these kinds of threads and articles in the future as it will really help their trades and investment in the future especially in a volatile market that we have. Credits to the OP of that thread.

https://bitcointalk.org/index.php?topic=5173189.0

It is true that Bitcoin is better but how do the people react about it?

Despite the better one, people are still and will continue to use banks as proven how inevitable they are when it comes to their money and their use in the country. From the money being circulated by the bank to the loans they are giving, there are a lot of perks of banks in a country and to its people, while banks focuses mainly on the users, people are not really interested with it as hacks and scams are all over it.

We can't really push people to use it if they don't want to.

But then again, Bank vs. Bitcoin has its fair share of debate in the past and until now, people are still using banks despite them investing and holding Bitcoin and other cryptocurrencies. We can't just force people to use Bitcoin and tell them that it is way better than the Banks, why can't we just introduce these people into Bitcoin and tell them the reasons why they should use it, not tell them how good is it against Banks or the government.

One way or another, this will be inevitable.

If a lot of people would use it in a country, they will find a way for them to get taxes out of it, which would result in two effects. Either people would accept the taxes and pay for their cryptocurrencies or Bitcoin or don't use it at all. Still, governments would be having a hard time taxing Bitcoin and cryptocurrencies as a whole because of its anonymity.

We are talking about Bitcoin being used.

We are not talking about Bitcoin being not relevant as an investment, we are talking about the use of it in this pandemic. Bitcoin's price is obviously relevant as it is not directly affected by the pandemic.

As far as I know, these changes really don't apply to the online tournaments happening today.

So I don't think they don't really need to worry about the changes that happened. More of the changes that happened was like the things they observed in the last online tournament which is the LA major where there are a lot of cheese strats being used by the teams.



Just look at Alchemist, they nerfed the hero who has a 75% win rate in the LA major. The same as Phoenix which is one of the most picked support of the tournament. They did not nerf Lycan so I think strats would be built for him in the next major especially with the Singapore major.

Just hope that the virus at that time is not a problem anymore.

I like this too in the past.

But the thing here is that despite me started to gamble to have fun, there are those sleepless nights too where I hoped I did not do this, where I hoped I did not do that, something like that. Usually, it includes money but some of them are because of my friend getting upset since I always gamble with my friends in the past.

What a mad lad!

That is just amazing. Gamblers would usually do that too but the thing here is that they would be continuing to do that until that £400,000 is lost. The amazing part here is the control that he has. We never know if he continues to gamble since the drive of people would usually make him gamble again especially if he is really desperate. I hope he doesn't gamble anymore as he said and just take care of his children using that money.

What is new, by the way?

Bitcoin is known for its volatility and the panic is not being created by Bitcoin but the investors or traders itself not used to the quick movements of the price. I am not really worried about the price changes nowadays as some people sold their BTCs for their needs this ECQ and I know that despite the lowest price it will dump, it will always go back up.

We don't know "when" will it stop but I am sure there are those people that know how to contain and stop this in the long run.

The price is still at that stage but I think it is also affected by the pandemic. Right now, we just need to be vigilant to price changes as it might move suddenly before the halving. This should be favorable especially to those people that want to reinvest or invest in Bitcoin.

Then how can you explain that the price quickly regained?

It is true that there are some of those people that panicked, but are those people really panicking about the fact that there is a pandemic? We don't know if they are just scared of what may happen or affected but obviously there are those that sold theirs because of the essentials they need to buy, for the sake of their safety from the virus. Can we really say that all of those people panicked and sold because of the pandemic? As an investor, knowing that people would be doing the same, you would be riding the bus early, right?

It is true that it is not resistant but that drop is not majorly because of the pandemic.

The proof is that despite the pandemic starts, the price increased two times. The first one is when it reached the price of $10K and the second one is when the price dropped to $4K, the price quickly recovered to $6K. That drop also was caused by the movement of the scammed Bitcoins to mixers, though it is true that the price is affected in a way by the pandemic as there are those people that sold their BTCs as they needed it.

Then it is not the time, right?

Besides the fact that the pandemic is there, Bitcoin is not that currency that would be accepted that quickly. From being decentralized and being volatile, the government might disagree with it. People are not just using fiat since it is the fastest way to buy for their essentials but also because some of those people are not aware of the existence of Bitcoin and cryptocurrencies.

I think it would be global.

Technologies are great and if we will be talking about Blockchain technology, I think it would be usually used in the transactions of each country. This pandemic showed us that some countries can't depend on themselves as they are leaning to other countries when it comes to getting their economies better. Japan helping China, other countries helping other countries as well. With the lockdown of China, other countries are also affected as China has a huge impact on the country's economy.

That would largely impact your funds.

If you are doing the betting with the strategy, I guess you could control that loss but when you are using a bot that I do with some of my faucet satoshis, it is quick to lose. As you said, the possibility of being in a losing streak is always there that you never know how long will you double up your funds and how long would your funds handle that, that is the problem there.

Game 1 just finished, Nigma against Chicken Fighters.

CF did a good fight holding the game to a long time but they can't really repel the forces of Nigma. I think the MVP here would be Mind Control since he did a lot of good plays, he is left out to level quickly bot against Axe which is just pulling creeps in the 2nd tier tower. I think Chicken Fighters would be taking their exit now in this tournament as we are seeing a LB Nigma.

Yeah, that is the one I am saying but I don't think that is the one they are betting to.

I think this site is also responsible for that marble games or race and people bet on it before the run time. The link in the OP seems to be that way. In terms of the trotting, I guess that is better than the marbles.

I am not saying this won't happen, it will but not that much of an increase.

The price is quite unpredictable this week and there are a lot of movements that are happening since it is said that some people are selling their Bitcoin despite the loss since they needed the money because of the lockdown that is happening. If you want to reinvest, I guess you should be alert on the price movements that are happening since you might miss the chance to do so.

It is true though in the past.

But right now that there are a lot of information about it, a lot of people sharing their histories online and people are even paying for it, some do it for free so I don't think we should try to risk that way again. I do agree if you can afford that money to lose but what I am emphasizing here are those people that can't afford to lose.