It would surely just gonna depend on the reason of the holder but there are sure many different reasons behind it, but I would probably say that a high percentage of those people are doing it for profit or money.

I mean there are people that doesnt have any plans on selling their Bitcoin until they die which is almost similar to religion at some point, maybe like Bitcoin believers, but if they dont want to take profit from it, that just means that they dont want the money on it, probably status, standards, etc. Since having or holding a huge amount of Bitcoin could be a title probably.

I have some friends who don't have any plan on selling their Bitcoin investment just because they are going to use it as an inheritance for their kids or something like that which I think is going to make more sense.

Personally, I'm holding Bitcoin just as an investment to make a profit, so I keep on accumulating Bitcoin, probably going to sell if there is a good opportunity in the market, after selling and making a huge profit from it, just going to repeat that cycle again probably buyback when the market is down again to create more and more profit on it. I dont really see Bitcoin as a digital currency at this moment since the market is just volatile it's not really fit right now, but I think it's fit as an investment, and for sure a lot of people are doing it because of that reason as well, but in the end there was no right or wrong about it it is still going to depend on you how you're going to see buying Bitcoin on your perspective.

Gambling surely destroys his thinking already, I mean after losing a business he's already thinking of gambling and thinking that he might win just to expand his business without even thinking about the risk of it.

Its surely not that easy to recover from the loss of a business for sure it was a decent amount of money that is lost just because of gambling, he just got the wrong mindset thinking of a possible shortcut on how he could earn a huge amount of money in just a short amount of time which is risky and wrong when starting a business, yet alone involving gambling on starting a business that doesnt really going to make any sense. You could totally start a good business with 1000$ but it just gonna take a lot of effort as long as you are not lazy and doing the work there is a very low chance that your business is gonna fail for sure, but this guy is already thinking of gambling that just means that is wanted to take a shortcut and risk everything again, it just not going to work.

Probably isa na rin sa pinakamadali lalo na if wala naman talaga tayong malaking pera na panginvest pa sa cryptocurrency o Bitcoin, if mayroon tayong pera pwd siguro tayong mag buy low sa market then hold na lang for long term investment, pero kung iisipin masmalaki ang risk ng ganoong strategy dahil sa specific price ka lang bumili so kapag hindi tumaas sa price na yun ang market pwedeng maipit ang funds lalo na kung hindi mo kayang ihold ng long term.

Ang pinakamagandang gawin talaga ay DCA dahil kahit wala kang funds na panginvest sa cryptocurrency o Bitcoin ay pwedeng pwede mo pa rin itong gamitin dahil maaari kang makaacumulate ng malaking funds overtime kung consistent ka magaacumulate like kahit naman 1000pesos lang per week o per month over time dahil volatile ang market ng Bitcoin taas ang value, to be honest nagulat din ako sa naacumulate ko lalo ng tumaas ang presyo ng Bitcoin sa 50k$ talagang di ko akalain na sa pagsave ko ng pera at ginagamit ko ito pambili ng Bitcoin ay malaki na rin pala ang naacumulate ko, isa pa masmadali mong malolong term ang investment mo dahil dito as long as mayroon ka na mang financial foundation o hindi ka lang umaasa sa cryptocurrency bilang source of income mo makakaya mong magsurvive na hindi galawin ang cryptocurrency investments mo.

I mean that is probably how we should do it right, gambling only the amount that you can afford to lose is probably the best strategy to control your gambling, one of the things that you need to avoid on gambling is your emotion if you're gonna get carried away by your emotions that is the time your gonna lose huge amount of money, probably you're going to still continue even though you are already at your set limit on gambling because your getting frustrated and wanted to win.

That is just probably what you wanted to avoid, but as long as you are gambling a set amount of money that you can afford to lose, it's not going to be a bigger problem in the long run, yes you might lose your bet right if you're not lucky. But then you could just try again some other time the next time you recover that lost funds, I mean if you're gonna set 100$ on gambling it wasn't that big of money since we could say that next month you probably gonna get your salary, for example, 1000$, you could easily recover from that lose. The bottom line is you not gonna get a bigger problem in the end as long as you only gamble the amount the you afford to lose.

You are right actually there are probably a higher number of scam gambling websites right now than the legitimate ones so it's probably not wise just to pick one that you don't have any kind of background to that casino.

It is simple actually just pick gambling websites that have bad reputations for sure, instead pick one that is already trusted here in the forum, we have a list of gambling websites that are already trusted here in the forum, and with that, you could probably guarantee that you're not gonna lose your money instantly, still there are a lot of shady things that is probably happening inside the gambling website casino, it's still a business so they are for sure doing things just to make some profits, you could just list your red flag to a casino, usually something like KYC, withdrawal limits if I cannot withdraw easily on a casino or there are some conditions that are not allowing me to withdraw whenever I wanted that I usually a red flag. I mean there are plenty of trusted casinos here so if you doesnt like the rules of one casino you could easily switch to another one until you find your favorite one, I would probably pick a casino that has some kind of card game that I think is fair and I could win depending on luck.

Nais ko lang ishare ang mga Strategy na maaari nateng gawin sa paginvest sa cryptocurrency, wala akong makita na ganitong topic dito sa Local kahit halos lahat naman tayo ay pamilyar na siguro sa mga strategy na ito at ginagawa na nila, gusto ko lang ishare ito sa pinakasimpleng paraan at madaling maintindihan para na rin sa mga baguhan pa lang sa cryptocurrency o Bitcoin investments.

• Buy and Hold

Tinatawag na rin naten itong long term investment.Marami sa atin ang gumagawa na neto sa simpleng paraan bibili ka ng Bitcoin at papabayaan mo lang ng matagal na panahon, Diamond hands kumbaga ang madalas nilang sinasabe. Madalas taon talaga ang paghold usually Bullrun or talaga maraming cycles bago magtake ng profit, pero mayroong mga investors na walang plano na magbenta.

• Buy Low, Sell High

Halos kabaliktaran naman ito ng Long term investments, Bibili ka lang ng cryptocurrency like Bitcoin kapag bagsak ang presyo neto at bebenta mo kaagad kapag tumaas ang presyo for quick profits, madalas maraming mga traders ang gumagawa neto, tulad na lang noong nakaraang taon lang around 25k$ lang ang presyo ng Bitcoin kung bumili ka sa mga panahon na yun at ibebenta mo ngayon na 50k$ ang Bitcoin ay makakagawa ka kaagad ng quick profits, then uulit ulitin mo lang ito.

• Dollar Cost Averaging

DCA naman isa rin ito sa mga ginagawa kung strategy, basically para ka lang nagsasave ng funds mo, so pwd ka magset ng amount like 2000 per month then gagamitin mo lang yun panginvest sa Bitcoin depende pa rin sa senet na amount mo, so pwdeng 500 weekly or depende pa rin sa gusto mo, usually fixed amount na regularly ka bibili, but depende pa rin naman sayo since pera mo naman yun, maganda rin ito dahil nababawasan ang risk ng volatility ng market at mayroon ding pshycological benefits dahil natututo ka magsave. The idea lang talaga is consistent ka bibili ang magaacumulate ng Bitcoin or cryptocurrency, as long as sa high price ka magbebenta makakaguarantee ka talaga ng profit.

• Day Trading

Sa DayTrading complete opposite ng long term investment, dahil ito araw araw ka nagtatrade at pinipilit mo magprofit sa mga small movement sa market, pinakarisky din siguro compare sa iba dahil madalas din nagleleverage ang mga nagdaday trading para sa magmataas na balik sa kanila for quick returns. Stressful din dahil kailangan mo bantayan ang bawat galaw ng market, dahil possibility na matalo ka sa trade if hindi mo gagawin yun, pati na rin ang mga news o rumors na maaaring maging posibility na bilin ng tao, dahil dun siya maaaring makagawa ng quick profit.

Di ko na sinama yung mga ibang strategy pa tulad ng abritrage dahil bihera nalang naman ito gamitin ngayon, ay hindi na rin ganoon ka effective sa market dahil na rin nagbago na ang technology at patuloy na nageevolve plus fees etc.

Sa tingin nyo ano ang pinakaeffective na strategy na gawin ngayong mabilis ang galaw ng market, nakikita naten na pumalo na sa 50k$ ang Bitcoin, netong mga nakaraang buwan ay maraming paggalaw sa market, anong strategy ay magandang gamitin sa ganitong panahon? Ang ginagamit ko parin ay ang Dollar Cost Averaging dahil patuloy pa rin akong nagaacumulate, malaki na rin ang profit na makukuha ko kapag nagbenta ako ngayon dahil marami na rin akong naaccumulate na Bitcoin simula pa noong mga nakaraang taon, pero tinatarget ko pa rin na malagpasan ang All time high saka ako magbebenta para sa magmataas na profit.

Sources

Knowledge doesnt really end I mean there is just so much and it continues to add up it is just never-ending, but I guess it doesn't but the important thing is growth and progress, as long as we are making progress and we are not stagnant on our knowledge it is great, I mean learning is really important, our knowledge is our wealth that they can't steal from us. What we need to avoid is being lazy about learning new knowledge, I mean there are for sure people that is already contented doesn't want to step our of their comfort zone to learn they are stagnant staying on what they just know doesn't want to explore.

When it comes to investing, It is important to be satisfied if you are already in a good position to make a profit, There are times when you still want more even though you already make a fair amount of profit on the trade but you still not satisfy and continue to buy more and just end up getting a lose instead. In my opinion, there are always going to be an opportunity in the market and when you get the opportunity to make a profit you should also take a profit, Of course, it doesn't apply to investors that are just buying Bitcoin and holding for the long term because as long as they are going to sell on the top they are going to make a profit if they can hold until the Bullrun.

First of all, graduating with a degree doesn't really mean you are going to be wealthy for sure, it's a good thing if you can finish your education, and it's a good start for you when finding a job but it doesn't really mean that you are going to be a wealth person if you graduated, Its also true that having good grades doesn't really mean anything as long as passed it is still fine, I mean you could graduate with honors or cum laude but still gonna end up getting a minimum salary, probably would still depend on your experience on what salary you're going to get. So even though you have high grades most of it will not matter at all in the end.

If we going to look at millionaires nowadays we can see that they don't really carry any kind of degree and they are mostly dropouts from school, they they still find a way to be rich, In the end, it would still depends on your own determination, etc. finishing education is a good guide for you, or we could say that it is a great plan B incase you fail on something that you are doing having the degree meaning you already have the credibility that you could finish a task and your not easily going to quit, that is why employer are mostly going to hire graduates for sure since they have that kind of experience on finishing there degree.

Gamblers are going to lose or win depending on their luck, sometimes gamblers are going to make a huge amount of money, and there are times for sure that gamblers are going to lose, but the casino is always making money as a business as long as there are gamblers that are playing casino is always going to be profitable, I mean its a business so there is always profit that is being made if no profit is being made then casino business is not going to run for. We don't know how they are managing the money or what kind of scheme they are running in the casino, but in my opinion, they could easily make money, I would say that there are probably a lot more losers in a casino with a few percentages of winning and making a profit. If that is the case for sure they are always making money, some people are going to think that they might be bankrupt since one people win a huge amount of money but there are probably 30 people who lose before that guy wins if we are going to put it on a perspective that is probably how they can make money.

It's really normal for some people who dont know about Bitcoin to say a lot of things that are not true because they just trust Bitcoin and do not know anything about it, they just do not have enough knowledge yet to understand how Bitcoin technology operates, but at the same, it's not really their fault because there are already a lot of rumor in the internet about Bitcoin, and if they are going to rely on the news Bitcoin and cryptocurrency really have a bad image overall because it is already involved in a lot of illegal activities, people used to seeing Bitcoin being involved in scams, pyramids, etc where people lose money, aside from that people are using it as well to scam people, something like encouraging people to invest saying that they are going to invest it on cryptocurrency and Bitcoin hoping that they are going to earn but end up losing it to a scammer.

There was obviously no way around it, the only way to do encourage them is if they are the one going to learn it or research about it that way they are going to understand it by themselves and know the potential of Bitcoin.

For sure it involved money, I mean this is just the way the system is set up, most of the time you gonna get an education and end up getting a job right, nothing is wrong with that I guess, You surely didn't need some kind of degree in order to gain someone respect, There are people who are able to be successful without even finishing their degree at all.

I mean you are probably right it is all gonna end up on making some money, because it is probably what is mostly needed to survive, but doesn't career doesn't mean anything, In my opinion, you can call it a backup plan in case because if have a degree you have the knowledge and you could easily make money, it is also a matter of what you wanted to do, I mean yes it is about the money but do you love what you are doing right now when you are making money, having this knowledge is also a wealth that cannot be stolen from you, if you have the knowledge you could make money, ist still a very important thing to have but without it, there are still ways that you could do it would just depend on how you're going to handle the rigged system.

I get your point but that's not totally true, for sure short term investors have a higher risk compared to long-term investors but it doesn't really mean that they are not earning a huge amount of profit on their trades, there is leverage trading allowing them to earn huge amount of money depending on the movement in the market. If the market has a lot of movement like today short-term investment could easily earn huge compared to when the market doesn't have movement so it doesn't really mean short-term investment doesn't really earn, I guess it is just riskier.

For sure I would still prefer long-term investment because it has lower risk, also with Dollar Cost Averaging you could almost guarantee a profit as long as you're going to sell in the long term or on Bullrun. Still, all of this is not a guaranteed profit because we don't really know if Bitcoin is still going to exist here in the world after a few years, something could easily come up or happen then Bitcoin could disappear or drop its market. We don't know maybe war, zombies, etc.

Mostly we could easily lose a huge amount of money especially if we lose control of our emotions most of the time if we get greedy that is the time when we could lose a huge amount of money, we always get that feeling most of the time when we win a huge amount or sometimes its a multiplier then we regret doing low bet instead of putting a huge bet but at the same time it was an amount that we are not comfortable to bet because its a huge amount of money and losing that bet could be a huge lose as well, It is pretty normal for sure.

I mean it is just emotions that we are getting that is why we are losing focus, for sure we could get a huge profit if we are going to bet huge as well but can we handle the risk of that If you can't fight the emotion you could easily end up losing in the end because you're just betting out of your emotion not really on your strategy, We needed to be contented, on your winnings and not be greedy on our bets, because if we get greedy that is the time that we lose money.

I've seen a popular rich guy here in my country losing around 8k$ around 400,000 pesos in my local currency which is really a huge amount, After losing started cursing a lot and he was really frustrated and immediately closed the gambling website saying curse words on the gambling websites, I mean I get frustrated as well for sure but it's pretty normal I guess if I lose 400,000pesos in one bet that's is really gonna make me angry and frustrated, probably gonna regret doing that bet. It's a normal reaction for sure if you lose money just like that and for sure most of us are gonna make that reaction as well.

But for sure doing this kind of bet, we could assume that even though it is already a huge amount of money this was only a small percentage of their income probably, I mean it could easily be the case because it's going to be a different story I guess if your better all of your money because it's gonna be difficult to recover if you lose that bet. This just shows how easy it is to lose money or how risky it is to gamble because you could easily lose your money or earn money on gambling.

It's probably the other way around because the more people are getting greedy that is most likely the better time where you could sell your investment for a possible profit, On the other way around when the market is down is a good opportunity to invest since the market is on slow market price and prices are definitely discounted.

Nothing is going to be guaranteed in this market especially it is cryptocurrency probably one of the riskiest investments that you could make if you are going to compare it to stocks and real estate. The more you know or learn about the market the less likely you're going to lose some of your investment for sure, it is a risky market but there are some ways where you could avoid losing your funds if you have a good strategy, Consider Dollar Cost Averaging as long as you are going to buy monthly or weekly and just sell your Bitcoin in the Bullrun it is going to be a profit. But it is definitely not guaranteed to earn a profit in the market, we dont know if Bitcoin could not exist anymore after 5 years if something comes up.

For sure times really are fast, when you are already an adult you're going to realize that time is really just so fast and still you think you doesnt have enough savings or investment considering your already in middle age. This was probably one of my mistakes when I was still a student, even though I'm still a student I'm able to earn a huge amount of income in cryptocurrency and projects if you can remember we have ICO projects, and cryptocurrency trading and I'm able to earn a good amount of profit on that but my mistake and mindset that time is dumb, I kinda regret some of my decision at that time because in my mind it's okay to spend the money because it's still early I'm still a student soon I'm going to graduate and get a job that is when I'm going to save.

Not everything is not really smooth sailing unlike back then when I could easily good profit in just a short time, I mean I earn an okay income in my fulltime job and side hustle but its kind of difficult before even get that kind of money, and when I put savings I kinda feel like my salary is not enough anymore. Now there is a lot of for sale land near my area and I really regret not saving some today, if I just saved it until now I'm be able to buy land that is a good investment. My take here is not every time your going to have the opportunity to earn money, nothing is going to last forever so if your getting lucky today and earning a huge amount of profit or income make sure to always save for the future, while you still can.

I mean for sure there are a lot of times that it happened to me, and it is really frustrating if you are going on a consecutive loss streak and you just want to quit at that time, I always start on low bet course so that i would really get rip off right after just starting to gamble, It's sure just normal to be frustrated at that time, so maybe you could do some kind of strategy like making low bets if you feel like if not getting lucky and getting a lot of consecutive lose already. Depending on your familiarization with the gambling game luck will hit soon after that consecutive lose and i guess that whats make it exiting for sure.

Excitement for sure came the the winning is finally hitting then your kinda hoping that your going to win in the next one, or probably your risking a lot more just to the things interesting, I mostly get exited with that then out of no where just win the game without even expecting it, but it is for sure normal to be frustrated when losing there's nothing wrong with that since your losing money.

May mali ka sa seed phrase jan high chance siguro dahil naalala ko ganun din ang nangyari saken kilangan talaga parehong pareho, and malakas talaga naduduling siguro ako sa mga words na ginagamit pero dati na pansin ko may isang letter lang akong namali ng type at gumana na, if possible mayroon namang file na un na mismo ang iimport mo para malipat yung account mo sa ibang pc pwd mo rin yung gamitin if gusto mong maglipat ng account.

If hindi mo mapasok at wala naman laman yung account na yun masokey rin naman na gawa ka nalang ng bago kaysa mahirapan ka pa maagrecover, gawa ka nalang ng bago din save mo yung seed phrase pati backup sulat mo rin sa papel para may kokompareran ka kapag nagkaroon ka ng problema sa seed phrase or password ng Electrum mo.

Double check mo din ang electrum na nadownload mo kahit delikado rin baka mali o hindi legit ang nadownload mo sa internet lalo na malaking wallet ang electrum for sure maraming cases ng fake app.

I mean, it might be a good idea since compared to savings in banks that could easily gain a higher interest compared to just putting your money in some banks that would probably interest probably 0.1 % up to 1% I guess on some banks, But putting money on stablecoin would I think will be an even more higher risk since your for sure going to hold on an exchange or wallets that is offering high interest, Not to be biased but I guess there is a higher risk on putting money on exchanges and wallets compared to banks as well as USDT, In my opinion, it's better just to put it on Bitcoin not just putting it on USDT unless you're just planning to put it on USDT for a while just for short term storage I think it would work perfectly.

There are some E-wallets that are probably better since it is backup by banks that offer a savings interest of up to 15% I guess it is going to be better at least its a liquid funds on your banks and you could easily access it for something like emergency funds. I quit putting and saving USDT unless I'm using it on trading just to convert, start and just accumulate Bitcoin it is better with everything.

It's going to be difficult for sure, and he's not going to be cured unless he wants to, if you are addicted and want to be cured it is needed that he wants to change or doesn't want to be addicted anymore, because it is just going to be a fight on his self if he's not willing to do it or sacrifice something just to cure that addiction it's not really going to work. If he really wants to change and fix his addiction it is going to work, but still, it is going to be a huge process in the long run.

I agree with some of your advice just to gamble a small percentage of his salary just to control his gambling habit, I mean gambling is not really a bad thing for sure as long as you are not addicted to it you know your limits, so it might probably work if he could just control his gambling but for sure he gambling a lot considering he already loses around 64k, The process is going to take a long time for sure he could slowly limit his gambling overtime, which is for sure going to help, but the best thing to do is to seek professional that could help him.