Hedging usually also reduces your potential win because you effectively make a bet against yourself, or you make another bet with high odds, but low pay, just to win anything if the first bet fails, but then there's no assurance the second bet will not be a losing one, despite high odds.

Cashing out is the same. You reduce your potential win just to get anything out. Casinos allow you to do it because it works in their favor.

If you don't want high risk and sure win, just buy bonds or something. They'll pay you 5% a year and you'll be done with all that unnecessary risk

Buying houses and apartments for rent has one great disadvantage that people usually don't consider because they see things as they are here and now. That disadvantage are government policies. In the EU there's a push towards making shelter the necessity governments have to provide for people. This means that far left is blaming investors for high real estate prices and want the governments to progressively tax people who own properties, especially if they use them as capital allocation and don't rent them out.

One day when you've finally saved up and created a real estate portfolio you may find out that the government wants a piece of it. Bitcoin is one of these things they can't have.

From my experience, the government usually messes things up. I'm a strong supporter of market freedom, and I oppose government intervention, so in other words I support laissez-faire.

I can give you a number of examples of how governments messed up crypto adoption. It used to be allowed in India, with no regulations present. Then corrupt politicians started taking bribes, so the government blamed... cryptocurrencies and banned them. They wanted to sweep the problem under the rug by claiming that it's not the fault of corrupt politicians, but crypto itself that they could cheat like that and the politicians will magically stop being corrupt once taking bribes in crypto becomes harder.

I feel like OP is preaching to the choir here. Nothing new, to say the least. We all know what gambling addiction can lead to and we have hundreds of threads here to prove it.


Like with any addict you can't help him if he doesn't want that help. You can't move in with a n alcoholic to keep watch over him 24/7 and it's the same with your friend. You think you teach him how to be responsible, but he listens with one ear and lets it out with the other. He'll have to land at the bottom to learn his lesson.

If you can't run a node and can't mine, just transact and spread the word. The easiest and also the cheapest thing a bitcoin user can do is to disprove FUD, say the truth about bitcoin, how it's not bad for environment, how it helps you be your own bank and all that...

Apart from that you can transact. Your fees will help the network and you'll have your part in the ecosystem.
You said that you can't run a PC, but maybe you can run a raspberry pi? There are small nodes that you can buy and run 24/7 and they don't require a lot of power and space, like this one: https://mynodebtc.com/products/one

Completely normal and this is what I often do when we cross a significant milestone. I don't call it taking profits but prefer to say spent.

So I spent some of my bitcoin that I held since bitcoin was around $1k when we broke $10k for the first time, then $20k in 2018, then again when we got to $23k in the last bull market, then 30, 40, 50, and finally 60k. I did not sell at exactly 68k because it did not feel like a milestone at the time, so I kept holding for 2 years and adding to my stash and sold a little when we revisited that old ATH this week. Now it felt like an important date all of a sudden and spending some of it after years of holding feels like the right thing to do.

Spending a little makes me appreciate what I have and remind myself how real it is.

That said, I think we're getting higher after the halving and maybe even before that, but at least I'll be able to say that I bought myself a gift with my bitcoin at this old ATH.

Good point. Also, NK is full of brainwashed people. If some country decided to invade that it would have to face a lot of resistance and then deal with the crazy and the poor. Nobody want to take over a country where buildings have no staircases above certain levels because they wanted a skyscraper but did not plan that anyone would occupy it.

Also, who are the countries that might launch an assault? China would not bother, Japan would have to attack by sea and it has ongoing conflict with China, so starting a war with another country that's China's neighbor is suicide. The only other country is South Korea, but it would start the Korean War all over again. I don't think that anybody will ever attack North Korea, everyone will wait for them to eventually self-destruct because that's what communism eventually leads to.

I always say that you're human and you're going to feel, you can't turn it off. If you want to "regulate emotions" take drugs or get drunk because there's no way to train yourself to stop feeling.
People who are professional gamblers feel just the things that you do.

One of the ways to be more calm is to bet very little but there's a problem. You want to bet enough to make money, but not enough to start worrying about how the loss will affect you. Naturally the wealthier you are the more you can bet while feeling safe, so maybe the solution to your problem is to become rich?  

I'm pleased by the fact that Soloway waited more than a year for $10k bitcoin

This correction is just showing us how much leverage there was and if you look at, for instance, 2020 and what happened when we touched $20k, we had a week of lower lows that ended at 17570, so ~12% down from the old ATH. That would be around $10k this time from the last ATH, if we were to repeat it. Pretty normal price action if you ask me.

2017-18 peak - 20k
Bear market lows <16k.

How is that not dipping lower?

I am surprised by the pump, but maybe the cycles are changing. There's too many first times all of a sudden.
We had a covid black swan event in 2020, for the first time.
We had a very weak bull marker with only 3.5x raise from the all time high, for the first time.
And finally, the long and deep bear market that took us below all time highs and far below the 200 week MA.

Maybe this bull market is just an indicator of a shift? Or maybe this is a double peak that's coming, like in 2013?

Most of the world knows that with existence of nuclear weapons we're not going to go to a full scale conflict. Most of the world, because there are some crazy people out there, for instance if some Islamic regimes had nukes they'd use them no matter the cost.

Russia is currently abusing the fact that some countries that surround it don't have nuclear weapons and can be bullied. I doubt that Putin would invade Ukraine if it had a submarine full of nukes hiding somewhere. Having too many nukes is bad, but it appears that not having them is also bad.

That's true, looking good and properly dressed makes you stand out. I often see how people can't dress themselves for an event, like a wedding, funeral, or even a simple work meetup. It doesn't take a lot of time and skill to do it, you just need to care and know a few simple rules. Not being a cheap bastard that has a single suit for everything helps too

As for casual clothes, many people overdo it one way or the other. They look too formal when it's not required, or too informal when people expect them to represent company, or family, so don't overdo it, or you'll stand out too much.  You want people to see that you're neat, but not too stiff, if you know what I mean.

I prefer sports betting. It's been a while since I played dice or slots as I find these games more boring, meant to make money without providing fun.

Watching matches when you know you have a standing bet gives me a lot of fun, so I guess I'm that kind of gambler and so is the majority of people who participated in the poll so far.

I used to play normal casino games a lot more but it was back when crypto casinos were starting their rivalries and you could get great deals and free spins.

I've always been a rebel and did not want to follow my hard-working friends and family. I went to a few "normal" jobs but the entry level money was so low that it always took me a few months to lose interest in a job. There were some nicer jobs that I did, but the pay was always bad. Literally out of a dozen jobs that I had in my last year of university and the first 3 or 4 years after paid really bad. The wage was barely enough to pay all the bills and buy food and you were left with $100 in my local currency which was enough to maybe go to a movies, get drunk a few times, or buy yourself some new clothes.

There was no way to save up for a car or a house. If I stayed in these jobs I'd never be able to afford anything, so I quit, started looking for jobs on the side and so it went.
I started investing, avoiding taxes, trading bitcoin using cash... I think I did well over the years and stayed under the slave owner's radar.

I wouldn't call them that simply because bitcoin according to many investors, especially well known being Michael Saylor, bitcoin is going to appreciate in value forever because fiat money will depreciate forever.
This means that every ATH is only temporary and in some time you will see another ATH and then another.

Also, how do you know that the ATH of the last cycle is also this cycle's ATH? This has never happened before and I don't think that it ever will. We will probably have smaller growth cycles as time goes by, but they will still be here as long as halvings are here.

I agree, the indicators are showing that most of the retail has not entered yet. Real retail FOMO starts when bitcoin breaks last ATH because that's where the average nocoiner thinks the bull market begins.
They're not that wrong if you look at charts with no bias that we holders have. Every time bitcoin broke the old ATH you could expect the price to double in a matter of months. People who don't care about bitcoin and want to make some money the fastest way possible wait for that signal and when we go past 70k you'll see what happens.

Those who say we're in a FOMO rally don't know what a FOMO rally looks like. It's pretty much that move you saw from 50 to 60k happening every day for 2 weeks.

I believe the technology will make all online activities more immersive. This is where we're going now, to a stage where we won't be buying stuff online like we used to and instead go to a VR store where we can "touch" everything and see it from different angles. Nowadays you have to go to the dealership to buy a car, or preorder by looking at photos and specifications,  but soon you'll be doing VR test drives from home.

It's the same with casinos. IMO people like the experience of a physical casino where you sit at the table with other players, but want to stay in their comfy clothes, eating sandwiches and drinking tea from their favorite cup. A VR set is going to give them just that.

It's not really a big deal if you read the article and sum it up. Basically this is the 36th prize win, so there were many similar winners.

She won fair and square, but failed to count the words correctly and thought she only made it to 9, not 10, so the whole article is based on her simple mistake and tries to portray it like it's some big surprise, but everything about this situation is mediocre at best. 50k is not a ton of money, she'd get it anyway because sooner or later somebody would notice that she found 10 words but was only paid for 9.

Congratulations to her, but for the National Lottery winners or those who won Euro jackpot, it's just another day at the office

A month later I can say it aged well. Bitcoin bulls in this thread, we can pat ourselves on the back.
HODL army. 

Did not expect it to go this high before the halving, but I'm positively surprised. Wouldn't be crazy if it corrected back to 50k, but it might as well make a new ATH before it does.

At this point I expect the bull market to continue at least for another 3 months, and then we shall see. If it gets explosive too fast and goes to 100k before May, we might get a much shorter bull market. Maybe a double top this year? The way it went to 60k in 2021, corrected 50% and went to 68k, but this time ending at 120k?

I try not to have regrets because there's so many opportunities that you miss and will miss in your life and there's nothing you can do about it. For instance, I have some fiat money in the bank and I knew that bitcoin would go up, especially when we were below 20k, but I just couldn't spend all my money on it. I needed some backup in case I need to fix my car, or there's clothes, or medicine that I have to buy. If I invested everything I had last year, I'd be able to profit x4 today, but I just couldn't.

It's the same with gambling I took a chance and had I won, I'd have more bitcoin today. It was a 50% chance and I took it a few times, sometimes winning and sometimes losing some money, but life goes on.