The difference between shiba and lottery is that you are guaranteed to lose money in lottery (nearly) because it is one in a trillion type of deal, and yes there is a very very tiny chance that you could win, a chance that is less likely then lightning hitting you but there is a chance, whereas in shiba you have a better and bigger chance.

However, it is an investment asset, you invest on it, with gambling you do not invest, you know your money is gone and you act accordingly, whereas when you are investing you are hoping to make a profit. Maybe you would buy some shiba thinking that is a gamble but there are so many people who buy shiba because they believe they could make a profit. That is the risky part about it, the more you buy, the more hyped others who truly believe they could make a profit end up buying as well and they are losing way more than a ticket price.

Ever since I was 7 years old, I knew that I would not become someone who did this. I knew that I wanted to do something a lot bigger, if I fail then so be it because I rather fail at doing something unique then have a mediocre life doing something boring.

My father worked in a company as a manager for 23 years, before that he worked 5 years as regular worker, few years as entry and few years at a bit higher, then 13 years as assistant manager and 10 years as manager and then he "retired" officially but kept working for another 5 years as "consultant" as well. That is his whole life story, he worked about 32 years total and then he actually retired, my parents moved to another city with seaside and great view and basically all around a good life.

All thanks to my father working 32 years, but he did absolutely nothing risky in his entire life. I rather be poor than be like my father. This is why I keep trying my hand at new projects and create a few of my own so far, I love my regular job, but at the side once a year or so I try something new, it just the way I am.

I assume that gas fee for BSC will be able to drop ver yeasily, it doesn2t require the hard work that ETH needs to do in order to drop. If Binance decides that they will add in 100 more validators of their own, increase the server structure and then suddenly we are capable of doing 5x faster. That's all it needs, there is nothing that would be very complicated for binance to handle and it would be very easy for all of us as well.

ETH has a different problem, even if you want to, you can't change anything and that means gas fee will stay like that. The upside for ETH is that, it means they are decentralized and nobody could change it, even for good, whereas binance is capable of making it better very easily which is good, but it means centralization. So things are not the same there, I would assume that decentralization is much better even when you are paying higher gas fee.

I get that some people could be worried about the new variants but why do we have to look at the very short term at all times. This covid situation will be over one day, god bless we are still alive at least the ones who are reading this, we have lost too many people to this and I hope that we do not lose anymore but daily we still get so many deaths.

However, eventually this will end, we are not going to live with covid forever, which means that after that is done, we are going to have a life without covid and no new strains or even strains won't matter. So, we should not look at what crypto could do during covid but should be focusing on the future and how it will be profiting us even after covid is done.

There is a saying from scammers "I have never scammed anyone who didn't want to scam me" and that's true for most cases. If you are looking to scam people and you found someone who believes that they could get something very valuable from you for very cheap, they are trying to scam you as well. Why would you be able to pay 1k dollars to someone and get 100 dollars each month forever? That's a very believable scam because the amount is low and yet people still fall for it.

All in all I have to say there are some cases of scamming that was deservedly done, I know I should not be victim shaming, but it is not like stealing money from old lady situation, we are talking about young and smart people who got too greedy and went into risky stuff just because they wanted to get rich quick and ended up getting scammed, that's a bit of their fault as well isn't it?

Imagine what could happen if those huge companies like EA or 2K or Rockstars and so forth end up using blockchain technology in their games. Imagine what would happen if they created their own tokens and instead of gamers buying items with fiat in those games, we would have tokens that people could use to purchase in game stuff. I am not even getting into the whole mobile gaming world, they are literally making money based on that alone, selling in game stuff.

So, we are just building games for blockchain right now, and eventually blockchains will be built for games and when that reverse happens we are going to talk about something huge. I am not saying it will be huge tomorrow, but all those huge gaming companies keep making games and adding their own tokens into that project will make it 100x bigger and that is where we will start to make some money.

There are plenty of ways to make a profit in crypto world, trading is definitely one of them. Is it the safest way? Obviously not, it involves a ton of risk and it would be very risky for someone very new to get in with a lot of money and start trading recklessly with the hopes of making a lot of money. During the hyped bull run periods we keep seeing people who get into crypto and do make a profit, I have seen people with a few thousand dollars get into crypto and get out with hundreds of thousands of dollars in the hyped periods like start of 2021 for example.

But this is not very common in crypto, newbies do not make that much money at all times and that is why trying to replicate what those people did is a big risk. However, is it "possible"? It certainly is possible and it has been a way of making money for so many people now for the past 5+ years.

Hey, I am not ready to agree with this. I believe holders are still a influencing factor like anything market on deciding the direction of market. Probably bitcoin is something unique with its supply system; bitcoin's supply at every 10 minutes might be leading to neutralize the power and effectiveness of holders; which is the reason it is seeming like long term holders are not playing any role on direction of market. Still, I am not ready to consider it is unfair.

For example, in other markets with no regular supply on daily or monthly supply; when someone is selling and then traders and investors may decide anything which again makes long term holders powerless. So, basically all the markets are working similar and bitcoin market is also checking all the boxes of basics of one perfect trading environment hence nothing unfair here just because of bitcoin markets.

Having stuck at 57k again shows that bitcoin is not ready for a full on bull run, but it is not ready for a drop neither. I do not know what I could say what could happen but the reality is that we could possibly end up with something that is much higher if we could simply break over the real trouble price. Every time we go up, there is a reason to draw back and that sort of what will happen again if we fail to keep going up.

I get that support price or resistance could be broken, that is why they are there and they should be broken otherwise we would just get stuck at a price and would never move at all, but sometimes it is harder than others, such as right now for example.

It is sad that people are suggesting they are a great trader and you should follow them everywhere around crypto. I get that it is a way to make money and there are tons of people like that who made money so that is why these people are doing it as well. However it is clear to me that there are many people who are missing out so much by following others.

It is really not a good way to make a profit, it is just a very subpar and probably one of the riskiest ways to make a profit and that is really not understandable for me why they would do something like that. Let's all just try to make our own profit based on reading and learning how to trade and maybe we could become good traders ourselves as well? That should be basically the best way to trade, if you keep on focusing trades based on what others tell you, you will never learn how to trade yourself at all.

I would say it is not looking great, being finally under 55k seems to be doing a trick on everyone right now. However I am not that desperate neither, I feel like it is totally possible to get better as well. Hopefully we will do a lot better in the future, but right now it could get a bit worse first.

Let's wait it out, we all know that bitcoin could have bad days but then it will get better, it has always been that way and I believe the same will happen now as well. Sure it could get a lot worse, who knows maybe go down even under 40k, but we also know that 70k+ will come as well, even 100k+ will come. Sure maybe it won't be right around now but it will surely happen. This is why even though I am not hopeful about the near future, I am quite hopeful about the long term. That is how I can sustain a bit of a relaxation even when prices crash like this.

It "should" have been already, in fact Doge or ADA should have been "next tron". Why? Because, Tron started a smart contract world where people could have things on their network way before any other one did and for some reason we never really had anything resembling an increase during that period. That doesn't mean that we can't really have anything good in their future but it is obvious that they should have been a lot better beforehand. Now? Now I am not so sure, it looks like they are doing fine for now and they are not suddenly a shitcoin, but that doesn't mean that they are really good neither.

If they could convince projects to be on their smart contract which means nearly free fee so it should be easy, they could go up. However, if they keep on failing to attract more projects into their ecosystem then it is not going to be easy at all.

I believe social media profile pictures are not really the key demographic here. I know that people are using it that way right now but how many people are interested in NFT's and how many of them have twitter accounts and how many of them buy it just so they could use it for twitter pp? I am not saying it is zero, but the number is not so huge and millions of dollars are not spent just so people could use it for twitter pp.

This means that we are in a situation where NFT could be used for many things, surely games are a big reason but looking at the top collections most of them are there because of hype and rarity. If you have a great cryptopunks then you are going to be rich, if you have a rare one, you are going to be wealthy. This is what I believe to be true and I honestly hope that people will realize there are more than one reason to buy NFT's.

Anyone who invests into NFT just because they believe it is "NFT" and that’s it, literally that’s it, then they are going to lose a lot of money. They see some stuff and they thing just because it is NFT then it should be worth more in the future and buy it. I get that we had some situations where people got lucky and they minted something from fresh for under 1k and then they sold it for hundreds of thousands of dollars but that was very rare and it is not going to happen once again.

I hope that people realize prices of NFT's will not all go up no matter what you are buying, only select few collections are like that and not all of them. I personally do not buy too many NFT, have only a few and I didn't buy them because I was after some profit, I bought them because I liked the art and I wanted to own them, that’s it, I do not plan on selling it and if you ask me nobody should pay a lot for this, I bought it for cheap as well and it should stay cheap, it is just "feel good" thing for me and nothing to do with financial part of it.

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Market will always move after you sell, it could be down or it could be up but it will always move, you can't expect the market to stay still until you get back in once again whenever you feel like it, or just drop after each time you sell so you could buy exact amount of bitcoin again but for cheaper.

It means there will be times when people sell and the price will go up, it doesn't happen once in a while neither because bitcoin is something that goes up in the long term so you could sell during that period as well. This means we are going to sell at times when it goes up 100% guaranteed, as long as you are a trader in crypto, that is a thing you need to get used to. I am hoping that we will get to live in a world where we always make the right trades but let's be honest there is no way that we will make profit at all times, sometimes we will even lose money let alone not earn max amount.

Almost everyone have had one or more experiences at first that was quite bad, and served as an eye-opener for them. I did have one really bad experience when I was still starting in the cryptocurrency world, and it taught me a lot and opened my eyes, and all I needed was that one experience to make wise up.

When I was a newbie I didn’t really get how the system works and I was still trying to understand cryptocurrency and how I would go about it, because I had no one to teach me, I just came across bitcoin on article online and I felt it was quite an interesting thing to be part of, so I did without the help of anyone there to guide me. I ended up being scammed once, and lost all the money I had invested at first while I was trying to sell my coins. That served as an eye-opener indeed, and I became really wise till date and never fell for any other scam.

I would assume that MT.GOX deal would have made a lot more news if it was true, I always assumed that it was just gossip and nothing more. I did not see any official statement from the trustee as well (the group that holds most btc that needs to pay the people back) so it wasn't a valid point anyway.

However, the drop was basically a correction, we reached to a level where people could sell and take profit and with them selling it made some liquidity because people with high leverages got liquidated and that turned their btc into USDT to pay, and that resulted with more selling. After that was just panic selling by some people and we stopped. Now we are recovering because all of that is done, now we are getting back on track and we are going to be doing fine for sure. I hope that the price rises through 60k again and this time around I am expecting 70k to come.

Honestly I have a friend like this . He already has good high level coins like BTC-ETH-BNB and whatever, all those the ones we know and like. He made a great profit in few things and he doesn't really "need" money because he has real estate. Sure he needs a bit because he likes to not spend too much from his business income so that he could reinvest that back into his business and grow it.

However he also knows that he will not get bankrupted with the crypto investments, he doesn't put more money into it, he just deals with whatever he already has. This gives him a room to buy all the coins he wants, it could be as much of a shitcoin as it gets and he buys it as soon as it releases so he could sell a few hours later before everyone gets out. He holds maybe at least a few dozen shitcoins that went to near zero and he doesn't stop neither, he still does it . Weird guy, but some people likes it I guess.

What we can't really underestimate here is that the power of regret could cripple your future as well. The great quote "Yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the present." is a great thing to live by. If you keep on talking about the past and what you have missed and all that then there is really nothing you could do about the future, it is just not something that you could do and move on with that in your mind.

So, what you need to do is act as if that's learning experience cost and how you could end up losing money but gaining a future and be hopeful about what you could have. This is the only approach you could have that would help you, otherwise it is going to hurt you a lot. I am sure that people could talk about how they could find gems even in the biggest losses may help people realize what they have found so far as well.