In general yes, gamblers have to lose more money than win to support the business.

The business uses electricity, pays taxes, pays employee wages, damaged machines and tables need to be replaced and of course they have to earn some money on top of the expenses for it to make sense.

If 10 gamblers would come in and 5 would win and 5 would lose the same money, there would be nothing left for the casino.
There always have to be at least 1 loser more compared to the number of winners for it to work.

I'd like this to be true, but if we reach 30 thousand and fall from there, what will stop the market from entering a big 2-3 year bear market like in 2014 and 2018?

25 thousand in 2 months is doable but many analysts predict that if we reach that level it's going to end with at least 2x from the last ATH so 50 thousand or more in 2021, followed by another bear market. Then there are those who predict 200 thousand next year  

I feel the same.

I won some money betting on sports especially boxing and mma but lost on other games. My poker stats are 50/50, same with my blackjack. Lost some money on dice, won some on sports.

I'm not addicted in any way but sometimes I wish I could win more. Guess that's my luck.

There are VPN providers that delete logs so that when you close your session none of the sites you entered will be available for the authorities in case someone came after you.

Of course anybody can spot that you're using a VPN and a VPN provider will have a list of client IPs but they won't know which client IP connected with which host. That's if we believe what they're saying is true.

When I use VPN I'm not afraid that someone finds out but I don't want the host to know my current location.

He's not asking rather trying to answer the question with that linked article.

I think that this can be answered in a much simpler way. If you don't have any bitcoins but are looking for a way to invest, you should get some bitcoins, even if it's only 1% of your investment capital.

It would be a real shame and regret for you if you saw it go to a new high like 30 or 50 thousand USD, but it wouldn't be such a shame if you had some, even very little.
Got 10 thousand dollars? Invest 1000 and see how you feel about it in a month or two.

Bitcoin treasure hunt is so much fun but the problem is that on this forum you can find people from many continents and even if somebody hides something in, say, Helsinki, are you going to go there to look for it?

What I'm trying to say is 99.9% of forum members won't even be able to play this game because there's less than 1% chance that something gets hidden in an area where you can travel without spending a lot of money. 

If someone is willing to start a game of some kind I'll be happy to participate.

I don't complain. In my case nothing changed.

I used to work from home and take care of the house and I'm still doing it.

I used to earn xxx before covid and I'm earning even more now thanks to online sales skyrocketing and the bull run on Bitcoin.

None of my friends and family got really sick. Some had covid and cured it at home like a normal flu. Like is good.

For me it's greed all the way. I've been greedy, although a little worried when we were at 6000. I did not want us to go back to retesting the bear market lows as this is a bit depressing even if you are not all in.

Since 10 thousand I'm in full greed mode and not planning to take any profit before a new high. Maybe I'll sell 10% of my coins at 25000 or something just to have some fun and some money in case of a new bear market.

I'll continue to hold the rest until I can really spend it without converting to fiat.

The way Amazon works is it sets up centers that manage shipping within an area of neighboring countries.

Like in the EU you have amazon.de, amazon.co.uk and so on. These sites handle all the EU traffic and have warehouses in many countries, even those that don't have their own domains set up for amazon.

The easiest way to get a product from amazon is with a gift card code. You could buy those for bitcoin for years now. I think I used BTC to buy amazon codes first time in 2017.
The codes add to your amazon account balance and you can use it to buy whatever you need. Balances don't transfer between amazon sites so if you are using amazon.de, you can't buy something from amazon.com

What about time zones, because I can see that your local time is not forum default?

Posters would have to agree to use a certain zone or write their zone in the post.

Great news.

First people were laughing at bitcoin that it's a money for nerds like world of warcraft or diablo gold. Then they were saying it's money of the dark net because of that huge silk road case. Next it was ransomware and bitcoin became money of extortionists and hackers. Now it finally became digital gold.

In time it's going to be reserve currency, you'll see.

Think of a situation where you have a few coins worth 400 thousand dollars or more. A wealthy person like you can still buy groceries with Bitcoin just like people did in the old days.

A wealthy recognized individual had a store tab that would get paid every month. They wouldn't have to carry money around every time. They'd go to a store take what they wanted and get it signed to the tab.

It's also possible to use your address as an escrow. You'd get a wallet that would lock up 1 bitcoin and then a third party processor would cover all your payments in fiat money. Once those bills reach 1  BTC the escrowed bitcoin would be sold by the processor and you'd have to recharge the account.

Of course it can. If it could make teenagers into millionaires it can also make a millionaire a billionaire and so on.

These rich guys who were very early into Bitcoin like Richard Branson will only climb higher on the ladder of the richest people in the world.

It's even easier for a millionaire to become a billionaire with bitcoin than it is for any other person because for you a million dollars is a lot but for them it's somethimes only 1% of what they own. If they lose it's nothing but for you to lose a million would be devastating.

It usually happens in the same manner.

Altcoins get dumped early to exchange for bitcoin and that makes its bull run even stronger. Then slowly people start to realize their profits in the form of altcoins because they want to catch them pumping late and by doing this they are causing them to pump. More people exit BTC top to jusmp to altcoins and then it all crashes down.

It was like that in 2017 and it's going to happen again, just not now. It's still to early. You'll see it happening when we break Bitcoin's all time high.

If this was a good indicator people would only be using it to trade and always make money.

Fear and greed index is good as an addition but price can sit on extremes for weeks. When we were in bear market last year the index was showing fear/extreme fear for many weeks.
It is indicating a coming correction but that correction may come now or next week and in the meantime we could hit a new high.

There are of course different ways of looking at their situation.

We can either say: why are they even trying instead of showing their government the middle finger and leaving to start a business somewhere else? Why struggle and then pay taxes to the slave drivers that made it so hard to earn anything in the first place?

...or we can admire them for their diligence.

We know they will have to convert but the best part is the news about acceptance. Many people, especially those who don't own any bitcoins will not even understand how this works, for them the important part will be news of growing acceptance indicating an opportunity to buy.

If you saw those two words Amazon and Bitcoin together all you'd probably think is how much the price is going to surge if PayPal managed to achieve so much in such a short time.

New investors will not look for a way to spend bitcoins that they don't have. 

Whoever had orders set up that high made a lot of money, but let's be honest, who does that? Who knowing the price is at 16 thousand sets an order at 80?

There are people who have 1% of their all trading money set to extremes to catch such surges and flash crashes but you have to be very lucky to catch something like that because these events are extremely rare.

Congratulations to the winners.

I find this to be normal news in this bull cycle.

The money have to come from somewhere. If we went up by 5000 USD there had to be more than one billionaire taking part in this.

Good for them. I'm sure they will make a lot of profit because they are still very early. In time, when at least 1% of the world population will want to have some bitcoins we'll see the price surge past 100 thousand dollars. And this will only end the early phase because 1% market penetration is nothing. It's basically what a company like PayPal has.

Holding is only for the chosen ones

You need to have some spare fiat to be able to buy and you need to have enough income to satisfy your needs so that you are not tempted to sell.

Not many people in the world can afford to be investors and not many of those have the strong will not to be satisfied by a small profit.

If you are a holder you're a 1% or less.