The terms "casino" and "social responsibility" should not be included in one sentence.
What makes a casino socially responsible?Banning gambling addicts from gambling and wasting their money in the same "socially responsible" casino?Great,but the gambling addicts will just leave that casino and go somewhere else,in a not-so-socially responsible casino.
I have nothing against businesses,that are doing their best to be legit and honest with their customers,but this "socially responsible gambling" BS seems like hypocrisy to me.
The gambling business isn't a socially responsible business and it never will be.
That doesn't mean that I'm against gambling in general.People should gamble for fun.The addicts should be kept away from gambling.

A financial derivative(like the ETF mentioned above) cannot bring the Bitcoin price down.
Bitcoin futures are just placing a bet about the future Bitcoin price.That doesn't mean that the BTC futures have any direct influence over the price.Having lots of Bitcoin shorting creates some expectations that the future Bitcoin price might be lower than the current BTC price,but that doesn't mean that those expectations will become reality.
The current BTC price drop is caused mostly by the hodlers and traders selling their BTC and taking the profits.This means that they don't think that bull run will continue towards 70K USD,so they are selling now,before the price drops.

Deciding whether or not Solskjaer will stay as a Manchester United manager based on one game seems ridiculous to me.What if Man Utd wins against Tottenham(which is really possible),Ole keeps his position,but Man United fails to win in the next matches?
Losing 5-0 against Liverpool seemed shocking,but having a brand new manager at this point might be counterproductive.I'm not a fan of Ole Solskjaer,but the man deserves a second chance,despite a possible negative outcome of the match against Tottenham.

Mastercard might adopt crypto,but that doesn't necessarily mean that they will adopt Bitcoin.
They might decide to adopt some altcoin or token.They might create their own "mastercardcoin".
I couldn't care less about this kind of adoption.


The news about Mastercard might sound bullish for the crypto industry,but I'm very cautious about such news.Last year,everyone was excited about Paypal becoming crypto friendly,but the whole Paypal adoption was just a gimmick designed to fool the cryptocurrency enthusiasts.Paypal isn't crypto friendly and it never will be.Nobody can withdraw any cryptocurrencies from his/her Paypal account.
If the Mastercard crypto adoption looks like the Paypal crypto adoption,then I'm not that enthusiastic about it..

There's a natural gas/electricity crisis in Europe.The prices are pretty high,which will cause inflation.
I don't see any problem with natural gas and/or electricity prices in the USA.What are you complaining about?
The inflation in my country is going to be bigger than the inflation in the USA,but I'm not complaining.
We just have to adapt and survive.The prices might go down after the winter(I'm talking about Europe,not USA).
I don't have any problems with supply chains in my country.I see news about USA having a shortage of truck drivers,which causes problems with logistics and supply chains.Is this true?

Barcelona fired Ronald Koeman and they will try to hire Xavi as a new coach.
This seems like another experiment to me.Xavi is a Barca legend,but he doesn't have any experience leading such a big team.
Barca releasing Koeman was pretty much expected,since the performance of the team is a disaster.
I don't think that Xavi will change anything in how the team plays.Returning "Tiki Taka" won't be successful,because Barca doesn't have good midfielders right now.Perhaps Xavi won't be the new coach of Barcelona.
Good luck to the new Barca coach,whoever he is.

I don't make money via trading Bitcoins.I make money via having a job and working.I'm sure that 80-90% of all the crypto traders don't make any money out of crypto trading.They have jobs.
Even if the Bitcoin market turns out to be bearish,there will be ups and downs so there's a chance for every trader to take advantage of the price volatility and make some profits by buying and selling at the right time.
The current BTC price dropped a little bit and newbies start asking about bear markets.This is hilarious.
Remember that a bearish market doesn't last for long,so there's no reason for panic.

The price growth of Bitcoin is not over,if we are talking about the long term.
However,I think that the possibility of a price correction is pretty big.
I don't know if the current price drop is caused by manipulation or it's just multiple traders and hodlers selling their BTC and getting the profits.
I had a feeling that the October price growth looks like a price bubble,so there will be a price correction and I guess I was right.This still might be a bear trap,or it might be normal price fluctuation of +/-10%.
I'm OK with the price dropping below 50K or even below 40K.There's nothing wrong with that.Another chance to buy cheap BTC.
News about Bitcoin ETFs can't create the same level of hype they used to create back in 2016/2017.

 

Usually TV commercials are mostly used for raising awareness about a product.The process of persuading viewers into buyers is a lot more complex and difficult.That's why TV ads have a very low conversion rate.Most of the viewers aren't targeted and big portion of them won't be interested in the product at all.
TV advertisements are being shown to a "cold" audience,which have to be "warmed up" before making a buying decision.The viewers have to get into a so called "sales funnel" in order for the marketers of that product/service to increase the conversion rate.More targeted audience equals more sales.
I'm not sure how many Indian and Pakistanian cricket fans are interested in the cryptocurrency industry.
Probably not that many.

I still don't understand what do people mean,when they say "intrinsic value"?
The value/price of Bitcoin is determined by supply and demand,plus the costs of mining.
The intrinsic value of Bitcoin is supposed to be the cost of mining one BTC.The supply and demand factor determines the price of one BTC.
The intrinsic value of BTC has nothing to do with the price of BTC being measured in dollars or euro.
The price volatility of Bitcoin will never change.If you hate price volatility and fluctuation,then just use stablecoins or some not-so-volatile cryptocurrency like ethereum or ripple.
Bitcoin/crypto will never be adopted as a "global legal tender" and that's OK.

Sorry to hear about you loss.This is terrible.
Maybe it's time for you to seek some professional help.Nobody in the forum is an actual expert about hot to deal with gambling addiction.Perhaps there are some gambling addicts,who got rid of their addiction.They are the right people,who can help you.I've never had a true gambling addiction in my life,so I can't give you any valuable advise.Saying "just quit gambling" simply doesn't work.
I've had a gaming addiction 3 years ago,but this is way less harmful than being addicted to gambling,drugs or alcohol.

If your only reason for buying Bitcoins is to sell them for fiat money,then you are not a true Bitcoiner.
I'm kidding.Probably 90% of all investors in Bitcoin are buying BTC for the one and only purpose to sell them and make more fiat money.There's nothing wrong with that,but Satoshi Nakamoto didn't create Bitcoin for the sake of being "digital gold" or a financial asset,like stocks and bonds.Unfortunately Bitcoin will never fulfill it's true destiny of being an actual currency,used by millions of people in their daily life.
Anyway,don't listen to anyone and sell your BTC whenever you want.

We as Bitcoiners should be able to handle a joke or two.
It's funny how some Bitcoiners kinda get butthurt by such joke.
The "money is the root of all evil" cliche will never get old.Some might say that fiat money are created by the devil.I remember a conspiracy theory stating that paper money and fractional reserve banking were created by a bunch of reptiles,who took control over the entire economy and politics of the western world,by controlling the central banks and the fiat money supply.
Even in the Bible,Jesus says that we have to choose between God and Mammon(money/wealth),because we can't serve two masters at once.
Anyway,SNL skits aren't funny anymore.

1M Bitcoin price will most likely never be reached,unless the US dollar becomes less valuable than toilet paper.
80K USD in 2022 seems possible,but so do prices below 50K or 40K also seem pretty possible.
I'm OK with any price above 40K USD.
In 2022,the western world will get rid of the pandemic and the global economy will fully recover.
I don't know how the Bitcoin market would react to the economic growth in the short term.Perhaps many investors will sell BTC and move into the stock market.Other investors might join the crypto markets for the first time.Despite all that,I'm sure that the Bitcoin price will grow in the long term.

I agree with your opinion,but we have to distinguish play-to-win games with play-to-earn games.
In the first case,the players are buying items in order to win the game,in the second case the players are "investing" buying items with the hope of selling them later at a higher price or just earning some kind of dividend,which means that the players want to MAKE MONEY.They don't care about winning the game.
Valve corporation(which AFAIK owns the Steam platform) are against play-to-earn games,because most of them look like gambling or ponzi schemes.Valve has nothing against play-to-win games,because those games bring more revenue for the game developers and more revenue for Valve.

Paypal isn't gambling friendly,but other fiat payment providers like Skrill are being accepted by many casinos.I've seen multiple online casinos,slots websites and sports betting platforms to accept Skrill as a deposit/withdrawal option.
Anyway,cryptocurrencies made gambling more anonymous and more convenient,but the online gambling industry was convenient enough before the rise of crypto.


Dude,are you talking about the 90s or early 00s?
I don't really think that there was a time,when gambling was "only for the rich".
Actually 99% of the gamblers were always poor and middle class people.
Online gambling is way more convenient than offline gambling,but it's still heavily regulated in most countries.
Thank God we have some offshore islands like Curacao,providing the casino owners with affordable gambling licenses.

I also think that this news is more like gossip and speculation,so here's my two cents.
I think that crypto mining was banned  in China mostly because of the energy consumption.
There was a short term energy crisis in China and they had to cut all the energy consumers that weren't considered important.Now,the energy crisis is solved and China has enough electricity,so they might want to bring back crypto miners,because the crypto miners are buying electricity and no electricity provider wants to lose customers.However,this is just my speculation about the subject.
Most likely China doesn't want to allow crypto mining,because they don't care or they simply hate cryptocurrencies and want to clear the space for their digital yuan.

This reality isn't fair,but guess what?It isn't supposed to be fair.
Capitalism isn't fair,but do you think that feudalism was fair?Do you think that the slave-ownership system that was before feudalism was fair?I don't think so.
Communists and socialists were promising a fair world,but their totalitarian regimes weren't fair and they failed miserably.
The human civilization exists in a system that cannot be changed-a rich minority dominates over the poor majority.Any attempt to change that system ruins everything.
Perhaps the people in North Korea are equal,but Kim and the party elite are privileged and control the entire country,so there's no equality even in a communist country.

Tesla most likely won't sell their BTC holdings because:

1.There's no need for them to sell their BTC.AFAIK,Tesla doesn't need cash right now.

2.Capital gains tax.

3.The news of Tesla selling their BTC could be recognized as a bearish signal and the market might begin panic selling and pushing the price back to 50K USD.However,this might not be a valid reason,because Elon Musk or the other Tesla shareholders don't care about the Bitcoin price that much.

Like other forum members said,the fact that Tesla made profits out of holding/selling Bitcoins doesn't mean that they will buy more Bitcoins.I think that Tesla will always stay focused on their electric car/Li-ion battery business and they would never turn into some kind of investment fund or a cryptocurrency company.

I also agree with this,but is Bitcoin an actual currency?
If you ask me,Bitcoin is more like a financial asset,whose main goal is the store of value.Bitcoin isn't convenient as a medium of exchange because of the volatile price and the slower and more expensive transactions,which occur every time the blockchain gets stuck with multiple transactions.
There's also a thing called the "Gresham's law" in which bad money (fiat) drives good money (Bitcoin) out of circulation,so the people prefer to use bad money (fiat) in their daily life,while keeping the good money(Bitcoin) as a store of value.
CBDC is going to be another form of fiat money/"bad money".