This is where the strength of bitcoin is. It's just good, it works and it allows you to avoid many hurdles along the way.

Most of us just want to go to work and get paid. We don't want to bother with all the problems a bank or the government that stands above it might have. We have our work, family life and the things we do for pleasure, our hobbies, and that's all we have the time and the energy to take care of. When we earn money we want that money to be available 24/7 for whatever we want to spend it on. We deserve it. Someone telling us that we worked as slaves for the last year and don't get to see the money is out of the question.

Over time more and more screwups like Cyprus, Greece, Russia, now China will happen and people will learn that they have to take care of their money themselves.

This reasoning doesn't make a lot of sense if you think about it. Sure bitcoin can be used for criminal activity, but so can any other thing be. You can make moonshine at home and sell it - that's criminal activity. You can grow weed - criminal activity. Most people use cash and I don't see cash being banned. Bitcoin is used for just a few % of the crimes, the rest is fiat money.

Countries that ban bitcoin are usually afraid of people leaving the country and moving all their money abroad. That's why China did it and that's why Russia did it.

I don't use them and I don't think they're really profitable. Most people prefer to be in control when it comes to their money. I feel like for me to use the bot I'd have to set it up for a very low bet because if I have money to make say 10 bets, I won't need a bot for it, I can do it myself. Then, If I had a lot of money, enough for the bot to run for an hour or more, I wouldn't want to leave everything to a script. I'd rather have fun myself.

Exactly!

I don't invest in these token because I see the value in Bitcoin and all my investment money goes to bitcoin, but I'll give you a simple comparison of the two:
When you invest in bitcoin you risk that it goes down due to some external problems like war, or internal problems like the transaction bottleneck in the past or an exchange hack.
When you invest in a casino token you risk that:
casino goes bankrupt
casino gets banned in some countries
casino scams and gets bad rep
token gets delisted on some exchanges
all tokens take a hit because of a bitcoin drop or because bitcoin faces some problems mentioned above and drags the market down
and probably some more

^^^
I think that there weren't too many exchange bankruptcies (if any) prior to Mt Gox. It was the biggest exchange at the time so despite their bad support and deposit/withdrawal issues it had a lot of recognition and trust in the community. I remember reading a thread where people who believed Gox had only temporary problems were bidding for accounts. Even when the exchange was down for weeks there were many people willing to bet on it coming back in just a few days.

Yes this is such a low league that it won't damage the industry, there's no way. It's basically some regional league in Nigeria. This is a great way for a player to thrash his reputation and shut the doors to a transfer. I once read a story about a player who was caught stealing from teammates in the dressing room and the clubs that wanted to buy him resigned from the deal. People can be so stupid, they destroy their lives for some money that wont change anything in the long run.

My first thought is that you're trying to be a trader without having the spine for it. You sold your coins 3 weeks ago, so in other words you held for a while, but as it continued to fall you've decided to make money shorting bitcoin, like a trader, but it bounced back above 20k. Your plan failed and you got even more desperate because math can be painful in such times. You sold at the lows, didn't buy back as it went up, had to pay trading fees. Now you're down more than you'd be if you held, so you want to justify that move by telling yourself that it can fail, it can be banned, it was a good decision to sell. Fine, if that's what makes you sleep at night

I don't get what people spreading FUD in the bear market get out of it. You don't see it when we're hitting an ATH, but now so many journalists and influencers compete for the statue of the golden bear that it's painfully boring to watch. Watch out bitcoin could fall more because of:

war in Ukraine
rate hikes
Saylor will sell
miners will turn off their machines
gox money is coming
global recession
s&p 500 crash
bitcoin has to hit 10k because there's where I drew the line
Wolf of Wall Street said there will be a lower low

So remember guys, do as some wannabe analysts tell you and don't buy bitcoin! And if one day you wake up and see it up by 20%? Tough luck. In a few years there's going to be another crash and hopefully you'll be smarter.

You can get fast withdrawals and some privacy. It's not a rule that every casino should have this or that.
I can take limited withdrawal options but no delays. Withdrawals should always be instant. I also hate KYC and it could be a deciding factor when I choose a place to gamble. This is also where fake traffic comes from. I enter a site to check it out but if it welcomes me with KYC, I'm out.

You came to a bitcoin forum and posted in a bitcoin section asking what coin to buy? What answer do you expect to get? Buy dogecoin because this is the future - Musk says so!
There are coins with a purpose and there are shitcoins with no purpose. For instance the purpose of dogecoin is being a joke and showing people that anything can be turned into a cryptocurrency, even an old meme that people aren't using anymore. The purpose of bitcoin is to give you a way to store money that other's can't take from you at an airport or a country's border. They cannot tax it and they cannot stop you from spending it. Bitcoin is what matters!

This doesn't have much in common with being professional. It's a set of rules that people should try to follow, but you can be a good gambler without following them, or you can follow them and this way avoid big losses and addiction, but remain a bad player, never become a pro. OP must've mixed some concepts together because the thread contend and title don't have much in common.

I've been always saying that for me Tether is only viable for traders who are worried about taxation. In many countries it doesn't really matter if you exchange for USDT, or Fiat money. What counts is withdrawal to your bank account or via ATM. This is the taxable event, not the trade itself. Such people don't care if they exchange for fiat or USDt and fiat could be a much better choice because it's less risky and you don't need to make one additional transaction to fiat before withdrawing.

I've never used USDt and probably won't have to.

Makes me think if this crisis is going to spread and go through China like a wave. If more provinces get similar bank runs it's going to be a huge eye opener for people around the world, similar to the Cyprus bailouts that many have already forgotten about. I'd hate to see people fight for their money and being left with no money to live by, but if it's the only way to teach people that banks are vulnerable and the only safe way is to hold bitcoin and cash, so be it.

It's not the price that shows the severity of a crash but how fast and by how much it fell from the top. A fall from 5k to 3k would by no means be considered severe. A fall from 70k to 18k is really much worse. Some of the indicators we're talking about are the moving averages, number of red weeks in a row, volume of liquidations, the price being at the level of miner capitulation, which is the point where miners can no longer afford to hold their coins but instead sell everything to cover their bills, bitcoin being below the previous bull market high for the first time in history, and many more.

That's still a lot. I don't think I would be able to sleep at night if I ever lost 10% of my bitcoins. That would be years of saving up down the drain.

I usually don't gamble with more than $100 at a time. I'm a casual gambler and I can spare a hundred here and there from time to time, but that's all. I don't lose a lot and I don't win a lot. For me it's just a way to have some fun and feel the thrill.

I knew people get a lot of money to advertise, because how would they get UFC fighters to promote them? These people are getting a lot of money even if they lose a fight, so their requirements are high.
What I didn't know is that they pay youtubers this much money too. Some guy getting 2 mill to play slots all day? Damn, that's as they say it "easy life, easy money"
Is it ethical? I passively promote a casino myself, so I'm not here to judge them. The stream was entertaining, that's for sure.

Of course! That's why they didn't do it last year. They had all the personal information and all the coins. If I'd get all that info and access to money, I'd be able to serve 10 people a day with ease and be done with all this distribution in 6 months tops, all alone. They have a group of people there and can't even do 1 person a day. It's obvious they were waiting for a technical bottom to appear and once analysts started predicting that we're near it with miner capitulaltion and 200W broken, they came out with the news that after all those years of holding they're finally going to start paying people back. I wonder how much money they made on the market claiming all the airdrops and forks with that BTC.

I think they simply want to put their dirty paws on some of the profits. They see the industry is growing and more countries and funds are interested in it, which means there eventually be huge inflows. Lately there were even articles about Swiss Post wanting to offer bitcoin custody services, so this is eventually going to be an important global asset. It's all about profits so regulators want to be able to track these profits and make sure people pay their taxes.

There are many factors in play here. For instance, many of these victims are still here and have been holders since 2013. They had some of their money on Gox, but remained in the space after the collapse. They still have bitcoins that they held for years, or bought during this recent crash. They are aware of low prices and receiving additional bitcoins will not change anything in their attitude towards bitcoin.

Think about it, you had 10BTC in 2017 and held, then bitcoin hit 60k, you sold 5 BTC and bought back somewhere in the 40-20k range. You get another 10BTC from gox, but know that bitcoin is down 70% from its ATH. Maybe you'll sell 1BTC to celebrate, but those additional coins won't make you turn from a holder to a panic seller.

If I were to receive money from somewhere, I wouldn't dump it at these prices. I'd rather wait a year or 2 for us to hit at least 35k, which is a modest 50% of ATH, and get 50% more in fiat money, or wait it out until another halving and possibly get to sell for 100k.
What's the risk- reward ratio here? Worst case scenario you're risking a temporary dip to -80% from ATH, which is going to be some 12k USD. Best case scenario we'll have a new high next year and you'll score x4 your current money. Holding here makes much more sense.

That's the thing, it all depends on your morality. I could give you another example that supports what you've said. You sell alcohol and you have some regulars. You know some of them are alcoholics, but you as a clerk cannot refuse to sell to them as long as they aren't visibly drunk. One one hand you fuel their addiction, on the other, you are aware that they're grownups and it's just a business. They made their choice. Is money paid by them any different from the money paid by someone who wants to celebrate a birthday with some friends?

IMO, there's no general rule for "evil money", it's all a matter of perspective.