Controlling ourselves in gambling is very important, but we also need to listen to our emotions and our body. If we are getting uncomfortable with gambling than surpressing that feeling is not the best idea. Our body will tell us when we need to take a break and we should be listening. We only have one body and need to take care of it, physically and mentally.

5 years might be a bit too long, but I try and hold my coins for 2-5 years. There are examples where holding wasn't a good idea and then there are examples where it made sense. For example doge coin or ether. What if we sold our coins last year? We would have missed out on so many profits. As long as there are no bad news coming out for the Coin I would just hold it.

Really? That's crazy, how is owning a pepper spray illegal. I can understand that banning firearms is good for the country and will reduce the crime rate. But controlling firearms in a city country like Singapore than a massive country like USA. Even if you would ban guns completely overnight, how could you enforce such a law? There is no way you could go to every person and check their house.

We saw the risk involved in crypto currencies this week. Bitcoins dropped easily 10-20% in one single day. Such kind of volatility doesn't happen often in blue chip stocks. The average investors is usually risk averse, he looks for a way to save his wealth with some upside potential. The risk of losing all the money is too much for most investors.

I like what Elon Musk is doing with spaceX, going to Mars is a great idea and do is giving free Internet to poor people with their satellites. Even tesla is a good company, building electric cars is honorable. But what I don't agree with is manipulation of the crypto markets. He has no right to exploit his twitter to manipulate prices for his own goals. Saying that Bitcoin mining is bad for the environment feels like saying everything else is good, like mining gold for example. Which is not true.

This is hard decision in todays world. In my country marriage is not so common anymore, and it is more a question about money than actual love. A friend of mine for example is just 30 and got divorced twice. And another friend is together with his girlfriend for more than 10 years, the even have 2 kids but don't want to get married. For me I probably would get married one day, but I am not sure if it really makes sense. Been together with my girlfriend for around 2 years and she never hinted anything about marriage.

Trading internationally is so common in todays world, I would say that 90% of the countries rely on trading internationally. For example, countries with a lot of natural resources need the money of selling it to have a good income. Looking at Norway or the middle East, these countries got rich by selling Oil. They import a lot of produced goods but still have a positive trade balance due to their large exports. Most countries are tying to get a positive trade balance, but since trading is a zero sum game. There needs to be some countries who are net importers and some countries who are net exporters.

Also I would add that bear markets are very rapid. Especially in the crypto world is common to see a 10-20% drop in a single day. So if we as investors can't make sure to sell at the beginning of the bear market, it might just be better to hold our coins. As you said, it is very difficult to find the bottom of a bear market. If we are too cautious then we will likely start buying again too late, when the prices have risen again. And if we are too optimistic than we will buy while the prices are falling. To find the exact bottom seems impossible to me. The best strategy in my opinion is to just go and start buying every week a few coins, the chances to hit the bottom like that is better.

In my country it is exactly the same, physical casinos were always popular. It was the pandemic that closed these casinos for half year. So the regulars who like gambling had to transition into the online world. Especially older people never tried online gambling before but really like it now, because they gamble from home from their couch while watching TV.  It is really hard to imagine how the life after the pandemic will look like. Who knows if all the gamblers will go back to their favourite casinos and quit online gambling again.

I find it a big problem as well that the supply chain management changed the world so much. Companies are afraid to do inventory, everything needs to be done just in time. There is no room for error. In the food industry it is the most dangerous. What if we have 1 year of bad crops with only 20% return compared to the average yield? This is very dangerous. We can already see the problems right now in Africa and south America. I read in an article that in Brazil 1 out 6 people don't have enough food right now. That is terrible, we should do better.

So all this randomness is proof that God exist? Many people make the same argument just with the opposite conclusion. I mean if bod exist and we are something special, why aren't we at the center of the universe then? And if we are not special, why aren't there many more planets with life? It kind of feels sad that we are all alone here.

I feel the same about all these new meme coin. I wish the exchanges would make a special category for meme coins so they don't show up anywhere on the main pages. The risk of these coins are huge because the coins are almost worthless. The only thing as investors we can do is to not invest into them and just avoid it. If no one talks about these coins than they will eventually just die.

I think the exact same holds true for Islam or even Christianity. The problem is not the religion itself but rather extremist who misuse the religion for their personal agenda. Humans have fought wards based on religion for thousands of years. But in the end it was just people who did bad things. Saying that a complete religion is evil is wrong, every religion has good and bad people.

Probably yes, but the downfall seems to have stopped for now. At the moment bitcoin is back above 40,000 so there are definitely still buyers in the market. I was really afraid that we would just see a complete sell off back to 20,000 levels. Personally,I am holding my coins but what does one small investor matter. If we go below 30,000 I think it would be a good idea to start buying again.

It might be okay to classify unexplained forces as magic right now, because our understand is just too limited to comprehend what is going on. But will humans in 50 or 100 years be able to explain such forces? Probably. Many nature events which were looked on as magic on the dark ages are fully explained today. I think it's better to accept that we don't know everything and call it unknown instead of magic.

Good luck getting 20,000 back from welfare. Even with a normal job saving 20,000 is a lot of work. It takes years to save such kind of money and being able to lose it in one night is devastating. We need to be more careful with our money and engage in risk management to protect us from going bankrupt. A gambling addiction makes everything worse because we lose control of our spending habits. But still if we are ever at risk to lose those kind of sums we should pull the plug and take a break.

I don't really care that much about Tesla anymore to be honest. Up until last month my goal was to buy a new Tesla one day, I really wanted my next care to be a nice Tesla. But now after Elon Musk killed Bitcoins I am not sure anymore. I will probably make a big circle around any Tesla cars and consider to buy another brand or even a hybrid car instead of a pure electric car. I am holding a little Doge coin still but this will never be enough for buying a Tesla. And if Musk will say that Tesla is going to accept Doge than it might just be a lie in a way to try and promote Doge.

I agree with you, motivation is everything. We need to have a goal in life and work towards it. Without such kind of motivation we will just remain the same. And life is all about evolving and moving on, standing still is like going backwards in todays world. I heard that the best way to motivate ourselves is to visualise our dreams. If we have a fixed image of our goals in our head, than it is much easier to work towards it. It all comes down to using our brain for positive things.

Bitcoin dropped almost 50% from it's ATH around 65,000 USD. If you are looking to buy bitcoins then I would keep an close an eye on the market right now. There might be alt coins that are cheaper to buy, but the long term outlook should be much more positive. The thing with China is that they want to ban cryptos so they can promote their own digital Yuan. If this is going to be happen we can't tell yet. Just because China wants us to buy their digital Yuan, doesn't mean investors are going to do so. In my opinion there is no way around Bitcoins in the long run. I am considering buying some more too.

I agree with you, the value of Tesla is too high in my opinion. The whole hype is based around Elon Musk and after the last few weeks I think we all realised that he can't be trusted anymore.  How can you change your mind about bitcoins so quickly? The argument that the mining process is bad for the environment is false, all currencies cost money to create and support, it is not only Bitcoins. So by misusing his Twitter account he stopped whole crypto hype with a few tweets. We all should stop believing in Elon Musk.