Have you ever seen an honest cheetah?

Let's cut all the fancy crap and relentless hype here

Bitcoin is a very bad form of money if we talk about money as a currency, i.e. something supposed to be circulating. So it simply cannot be "the future of the economy" just like gold can't unless we get thrown back in our development into the 12th century, end of story. With that said, it doesn't mean that it can't be a good store of value. However, this is not its inherent advantage but rather the ultimate failure of fiat currencies being massively mismanaged (read, printed out of thin air like there's no tomorrow by any government out there)

Однако доги живее всех живых

Хотя в них уже давно нет ни китов, ни разработчиков -- монета существует в полностью автономном режиме. И самое интересное, что когда биток падает, доги в битке растут (и наоборот). О чем это говорит? Правильно, о том, что эта монета торгуется в основном в парах с фиатом (желающие могут посчитать объем торгов самостоятельно). А все почему? Потому что у нее есть уникальное применение, которое никак не связано со спекуляциями, в отличие даже от Биткоина, который еще тот спекулятивный актив

I ain't Nostradamus but today is yesterday's tomorrow

I'd rather say it's going to play out in the opposite direction

I'm not a casino operator (read, I don't have any stats), but as I suspect, it is more complicated than a simple, unidirectional relationship. For example, it can be that higher cryptocurrency prices and bullish expectations in general make people more interested in trading rather than gambling. Conversely, lower prices and overall negative expectations may turn trading folks into gamblers (there have been such reports)

Some people are obsessed with apocalypse jokes like there’s no tomorrow

This is a literal meaning, one of (read, maybe it is you, not them). Anyway, I don't think they mean ill here (I don't)


That's definitely not it

When you think you can or do actually control your desires, that's most certainly an instance of self-deception. How come? Because it is your desires that are controlling you most of the time. Indeed, you can do something against what you want deep down inside, deliberately and consciously, but you will feel pretty ugly like doing something which is against your nature even if what you did or did not was the right thing to do or not to do. The takeaway is that fighting your inner demons in the open is a losing battle as you simply can't win

Let me say that we are on the same page here

But if BJ is like poker (I don't really know since I'm not a fan of either) and skill is involved in this game too, it is no longer a matter of chance and luck as is the case with games of chance like, for example, dice. Well, it is not the case even with these games, but it is an entirely different matter (and a can of worms, while we are at it). Regarding why he is not a billionaire by now, the market for BJ may be too small, and there can be too little money in it to become a billionaire for any single individual. Really, you can't win more money than there is, right?

Nah, she keeps asking for another shot

You probably misunderstand the term

A dead cat's bounce is not a name for a drop. It is a name for a short-lived rebound, which, technically,  is the opposite of a drop, though typically shorter and lower than a similar price action called double top. Both terms mean we are about to crash, and a crash is not a correction under any name other than wishful thinking

Whether we are actually about to crash is in fact a matter of opinion, but you can't challenge an opinion (if that is what you imply). Personally, I wouldn't be in the least surprised to find out that most of this growth has been heavily leveraged, which cannot but invite a juicy long squeeze

Cause you're dismissed?

Any wife would do, for that matter

Let me guess, our "patient" is not married (or un-married). Regardless, it will be an obvious conflict of interest, and would only make the matters worse, not better, and his life unbearable all in all. In other words, you can't solve one problem by substituting it with another as you will only be multiplying your problems (read, simple math, just like most simple ways, is not going to work here)

The bullet is in the eye of the beholder

Fixed it for you

Police are working tirelessly to catch the local wheel thief

You could use shorts if you want to secure your financial well-being in a proactive way

There are two types of shorts (actually, there are many but I'm talking about the relevant distinction here), the naked shorts and the covered variety. You may be in interested in the latter as they can be used as a hedge. The advatage of using these shorts lies in the fact you only need to provide a collateral like 15-20% of the shorted amount (this will be your risk exposure) whereby you secure your wealth in dollar terms without using either fiat or stablecoins. Besides, with shorts you can easily and quite profitably ride volatility waves, i.e. earn something in the process

Do not overestimate the will power

The sad truth is, it doesn't boil down to self-control or self-discipline. It can help you from doing something bad once or twice, but if your urge is lasting and strong enough at that, sooner or later you will give in. Moreover, not giving in while failing to deal with your inner demons effectively to get rid of them altogether (if you need to) can be as damaging, if not more. When you have to resist a very strong desire and that goes on for long enough, it may drive you mad and you may in fact end up in a psychiatric ward with a psychosis or something much worse

Maybe he is a patient in a psychiatric ward

Just kidding, so no offence to be taken. Whatever his case might be, it is definitely not his, or anyone else's, for that matter, mistake or fault for lacking required patience or being greedy beyond limits. We are all greedy and impatient in specific circumstances and under certain conditions, and that's totally fine if you ask me. However, if this is not what you really want and strive for, which is evidently the case here, attacking or confronting the problem head on (like practicing more self-discipline) will ultimately turn out an exercise in futility since all it takes is just one relapse, and then you are instantly back to square one. How such issues should be dealt with, I described earlier in the thread

You know, it's a difference that makes the difference

In 2016 the massive correction started about two weeks prior to halving, and we are already past that. However, back in the day Bitcoin had been slowly but steadily rising for almost 10 months (since September 2015 till mid-June 2016). It has never been the case this time as we crashed to 4k just two months ago (March 12) from nearly today's highs

Further, after the 2016 halving came the Bitfinex hack in the first days of August, and Bitcoin crashed from over 700 dollars down to nearly 500 dollars. Okay, we can't totally rule out something like that happening once more but if Bitcoin is to fall so much, it will be more like BitMEX going after margin traders (and their money) all over again

If quizzes are quizzical, what are tests?