There is a special place that has been created for special people like you mate, and that is gambling section which I am glad that the forum members there would be glad to have your post over there, because here, we strictly discuss economics, and we are not much interested in gambling for us to really understand what you are talking about. Like me, I hate gambling a lot with passion, and I do see most people that gamble as a non-serious fellow with so many things that is in this industry to make use of.

If you want to talk about trading, cryptocurrency, its effect on the economy of the world generally, they we will be very glad to have your post here, just like my other mates has suggested, it would be necessary that you move the topic to gambling.

Altcoins doesn’t have much investors as compared to what we have in Bitcoin. Investors are always interested where they think they are going to make profit, that’s the main thing that matters to every investor profit. If altcoins are not going to make them that profit, then they wouldn’t go for it. And since Bitcoin is the first cryptocurrency to be known, that gives it the advantage over others. Wherever cryptocurrency is mentioned the first thing that comes to mind is Bitcoin and nothing else and it is already highly recognized. The 2017 bubble is another thing that made Bitcoin to be very popular, no ALTCOIN has performed as much as that. So if they place these two, you’re definitely going for Bitcoin as long as you know you’ve got what it takes.

That’s a lie, don’t deceive yourself. It has not even been pumped to anything, it still even has more to accomplish. The one that happened before was just the first and there is still many more to come as the market cap continues to increase as well. I believe that in next year there is going to be a bull run or maybe before the end of this year. Altcoins don’t perform as much as Bitcoin when it comes to price increase. Bitcoin has the highest number.

If these new coins are perfect then we may start seeing that they will be killing Facebook coin, and the only way to actually kill these coins is by playing with people’s mind. These cryptocurrencies are things they can naturally not pronounce dead, but they discourage people by declaring them illegal first so as to keep people away from it.

The acceptance of these coins all depends on us, although I for once never liked Facebook coin because they look quite distrustful to me, and the fact they are creating a stable coin which would not benefit any one that invested in it except using it for their own services, same as other coins that you mentioned along with Libra coin. Bitcoin still remains the only coin that will eventually stand alone in the market with time.

Great tips, investing in new coins now is a very great risk that it would take the grace of God to really get anyone that would not eventually scam or close up along the way even if some of them push thee project forward a bit. I have seen so many projects too that pushes for likes some months and then breaks down along the way because if the lack of strength and will to do so.

I think like you right said, it is best to just invest in coins that are already old, and the ones that still have very active development in the market and also falls with the top 100 in the market. These are the projects that investors mostly look into first when they decide to invest in cryptocurrency, so if anyone is to have it real good with  a piece of cake, best to pick from top 100.

I don’t understand you bro. Gambling is for entertainment and yet you know those who are making money. Isn’t this confusing.  I would say that we should learn to call a spade a spade and be honest. Many are ashamed to admit to playing for money because they are thinking about what people will say but in their in their inner hearts, the reason they are playing is actually to make money, this is very funny.

Let’s not get it twisted, gambling is for money, as long as everyone that plays desires to win, then it’s for money, this does not stop the entertainment in the game but its better we stop making those who make money from it feel guilty, as a matter of fact making money in gambling is different from taking it as a fulltime business.

Exactly bro. I think it all depends on our definition of professional gambling. I could refer to myself as a professional gambler because in the time past, I have been able to successfully handle loses, manage wins and also control my emotions not to feel terrible when there is a great loss. Being a professional player does not mean we do not make loses but we have the ability to handle it. This is the reason you will notice a player who that can buy a car from the profits he gets from gambling and another player that has not been able to buy a pen.

I also believe nobody did a course to qualify as a professional player, it all depends on individuals. There is no harm in gambling professionally and also I don’t think gambling as a career is the same as professional gambling.

Seriously does anyone remember when was the last time we peaked like this? Bitcoin price is not that high neither, I mean it went up for sure but than altcoins didn't catch up to it. Normally, when bitcoin price goes up than altcoin prices go down so dominance going up is something expected but than when bitcoin price stops like it is stopping right now all other altcoins start to go back up the price what it used to be, right now its not doing that anymore.

I suppose this is a good thing for altcoins right now because its at the all time low expectancy for most of them, bottomed out and only place for them to go is up at this point. I know we have said that plenty of times in the past month but hopefully this time it turns out to be true, I have a lot of small coins and a bit of eth, I really hope they go up soon.

In my opinion, under $10k is not a gift, it is a scare.
People do not realize that during the bear run people are not sure how further down it will get and after the bear run is over we are kicking ourselves for not getting more.

I have just recently witnessed the same thing on a smaller coin, it was going down and I didn't want to sell because I didn't want to lose my money and I instead bought more to drop my averages and recover whereas it went on falling even further down so I am now in bigger debt because of it.

Thankfully I didn't had too much to spare and didn't went in too much and I am always playing with money I can afford to lose but it is still a bad feeling. People are afraid the same thing will happen to them, what if bitcoin under 10k means it will also be under 8k soon? They don't know that until it is too late.

Both longs/shorts rule the market and they have their own different time of impact on the market. Like the whales you talk about, I think they are the ones that engage in short a lot which is why we do often see the price of bitcoin crashes from time to time, but still yet, they cannot all rule the market at the same time because they also have tons of transaction that clashes a lot.

Bitmex is not the only exchange where the whales operates, they operate in other exchanges too and because they come from different regions performing transactions at different time, you see prices go down now and within minutes, it has gone up again, and the main reason is that those large buyers enters the market at different time, and one can decide to enter the market while the other decided to exit the market.

What is the point keeping money lying flat in the bank account for the banks to take and use to do business when we can simply just keep turning it over with investment, it is better that we have a very solid business on ground that we keep pumping our savings into until it grows to a stage where the business would have a very big capital base, then we can say that saving becomes necessary because if we talk of investment, we only need to establish it which is one time thing, once the investment is establish, it will keep bringing money and we will have no choice than to save this money, but at the early stage of one’s life without investment, savings would be a very wrong choice to make if we are to compare both, I would just simply see the investment as a savings also.

Our mistakes should be a lesson to us and as you said, if there is no one improving trough the mistakes, then I guess that the person is just not ready to learn, or trade is not for the person, everyone cannot be a trader and we have so many people that does not have the strength to trade, so they just prefer to do more of holding.

The risk in trading is the volatility and if we don’t know how to work with the volatility which is also the reason why we make money more in cryptocurrency tan Forex, there is no way we can ever get it right, we need to learn how to manage risk, and we also need to stop being too stubborn in activating our trading tools, I know that a lot of people would say that they are gurus and does not need stop loss, but no matter how pro we are, we need it.

I think the we are clearly moving too hectic and too volatile just like bitcoin in our trading which causes us to do panic moves and that causes the profits to be gone in a minute. If we could just be patient and slow down our trading and make trades a lot more calmly and with logic than we could make a decent amount of money from trading considering crypto is something everyone can profit with the way it moves.

You may end up losing money at crypto trading only if you sell, you may wait years to make a profit but considering you can make even 50% profit with this that means years of waiting should not be a problem, if bitcoin hits 30k in 2021 first of January that means it made 50% profit in 3 years and there are very rare stuff that can give you that type of return.

Well, according to the "analyst" right now we are above 10k, so it should go above 15k easily. I don't know what they mean by easily when they say it but to me that means a sort of hype and a bull run that will take it above 15k inside a week, if it takes longer than a week that is not "easily" to me in bitcoin world.

Yeah, your stock going 50% higher is a rare thing but this is bitcoin we are used to 50% increases in a week and it has happened before as well so if it doesn't happen this week that means its not easy neither and looking at how things are going it doesn't look like it will hit 15k neither at least not this week. As you can see there are plenty of analysts who are purely just wrong and make stuff up, there is nothing easy nor predictable in bitcoin world.

I think it is a generational thing, remember people who were born in 70's can use computers very well and have no problem adopting to the change in technology, which means there are only people from 60's who are having a bit of problem and even not all of them have issues with it, just a bigger portion compared to other generations, when all others die eventually we will be left with people who can understand computers and mobile phones easily.

It means with time bitcoin will be like that too, it will be general knowledge and everyone will know about it and everyone will be capable of using it, adoption is important to allow all people from 1990 and later born to use but all the other previous generations will slowly die and that would make the adoption go up as well anyway.

I am sorry to say that I disagree, if the forum was for bitcoin discussion alone, then why do we have altcoins section and if you look at the present forum we are in, it is called economy, while anything strictly bitcoin is discussed under bitcoin discussion.

I think those people who are raising red flag on bitcoin are just doing so to create FUD, because if you tell me, most scam that is being done are not even through bitcoin except maybe the ones that hackers gained access to the wallet of people’s bitcoin then stole them, but for real ICO scammers, it is usually done through altcoins , and the coin they use in stealing some of these money more is Ethereum, because they are mostly built on Ethereum platform, so if there is any coin to be vigilant of now, it should be Ethereum.

All these people that will tell you that Bitcoin will help the economy of a developing country, they all just don't know what they are saying. If Bitcoin can help the economy of a developing country, then why not the economy. Of a well developed country as well? Jokes. Bitcoin doesn't help you, it is not a free money and you have to work for it. If you can't buy and invest in Bitcoin then there is no way its going to help you and that's it. The only way bitcoin helps is that it makes your transactions fast and easy.

Maybe when your friends ask you, you can tell them that. At least with Bitcoin they will be able to send money to their friends and family abroad without the help of banks.

It's funny how some people be talking about third world war. I just saw someone mentioning third world war when we are talking about financial crisis, don't even know why some people like war, is there anything that they gain from it? It just makes no sense and shouldn't be something that the world should be into cause it's very bad.

War is very bad and can only lead to destruction and killing of innocent children and good people. The worst part of it all is that the innocent people are the ones that suffer from it, the leaders never get to suffer in any way, they are kept safe with their family.

Well, I don't think this is something new in the space, because it is very obvious to all that the ICO market is gradually dying off and investors moving to a more trusted network which is the IEO, and I also believe the reason being that the ICO market lacks regulation, therefore making it lawless and easy for scammers to carry out their activities.

But, with the introduction of IEO into the space, we can now make investment in projects and still be assured that our investment is secured since it is being controlled by popular exchanges which are trusted and will not have any reason whatsoever to run away with investors fund when they can simply earn more by moving away with traders funds, lol.

I think STO is just an upgraded version of IPOs and that is why they are not gaining much recognition, if you look at it, you will see that IPO were the main method that companies do use to raise projects before, but this method met its downfall when ICO came into the market and many investor diverted all their investment from IPO market to ICO market, and if  may ask you, what do you think it is that really attracted people from IPO into ICO, despite the fact that IPO had security more than STO?

It was nothing but the big profit, the margin between the profit that IPO investors and ICO investors makes is too wide, and if you look at STO, it is almost the same pattern of IPO that they followed too with their very low profit return on investment which is not anything to write home about.

I mean it is a personal choice, we can't really tell people what to do with their money. If it was all up to me and I would be able to control your money I would say donate, there are amazing causes in the world that even though I love I don't donate because I am not a rich person but I try to donate at least once a year for a very tiny amount to feel better about myself to be honest with you.

So, if I had the chance, I would give it all to some charity. Since that makes no sense otherwise all people with a bit of excess money they don't need would send it to charity and world would have no more poor people but we decline that notion, I could say investing for long term is the best option, having enough money to fall back on in case something major happens and also having the chance to make a huge profit in old age sounds amazing.