It's fine as long as the revenue really helps their country to keep flowing and they use it to help their people that suffer in pandemic, the only problem is there are some countries that doesn't care for their citizen. The one who benefits from their regulated casinos are the corrupt officials running the government.

There is a lottery here in our country that is owned by the government. Some of its revenue helps the people that needs financial assistance for their medical concerns.

That trader must have a lot of money and not afraid to lose because he did not stop trading during this bear season. I can't say it is correct and also wrong but what's stopping other traders from trading during this season is the market uncertainty. They just want to protect their capital because they can't afford to lose more.


I've stopped trading for now and converted all my crypto to stablecoins. Many people says we have not hit the bottom yet and market sentiment is still bearish.

Binance and Kucoin are the only exchange I can recommend where there KYC verification is less hassle. They only require ID, selfie, and some information that will match the ID you will provide. Unlike others who require that you write what they ask on a piece of paper with the current date and the name of their exchange. If the images you send is not clear to them, you will have to repeat that all over again which is very hassle for me. I'm verified in binance since 2019 and so far I haven't encountered any issues with my account. I only did their KYC verification once,

Nalaman ko ang tungkol sa bitcoin noong ako ay nasa kolehiyo pa way back 2016. Dahil hindi sapat ang allowance sa pag-aaral, naghanap ako ng paraan para kumita ng panahon na yun na pwede ko pagsabayin habang ako ay nag-aaral. Nalaman ko itong forum sa isa kong kaibigan online, inaral ko paano makasali sa mga signature campaigns at dun na nagsimula ang journey ko sa crypto space. Naging bounty hunter ako dati ng mga ICO noong 2017, yun ang trend nun at yun din ang nagbigay sakin ng halaga na di ko akalain na magkakaroon ako. Nasa 1btc siguro lahat yun pero hindi maiiwasang magastos hanggang sa maubos na kapag may emergency.

Marami pa din sa mga kababayan natin ang walang sapat na kaalaman tungkol sa mga cryptocurrencies. Ang kadalasang alam lang nila kapag binanggit mo ito ay isa itong scam dahil karanawin sa bansa natin ginagamit ito bolang medium ng mga investment schemes. Malayo pa ang bansa natin na maging crypto-friendly. May mga tao pa nga na hindi pa din marunong gumamit ng digital payment apps tulad ng gcash at paymaya. Dapat magkaroon muna ng sapat na edukasyon ang mga mamamayan at paparating na henerasyon kung ano ba talaga ito.

Hindi sa basher ako or kung ano man pero bakit hindi tugma ang galaw ng bibig ni BBM sa sinasabi nya sa video. Gayunpaman kung open man ang susunod na administrasyon sa mga digital currencies, sana ang makikinabang talaga dito ay taumbayan at hindi ang mga nasa gobyerno. Magbibigay lamang ito ng hindi magandang imahe sa crypto kung hindi maganda ang magiging pagpapatupad. Dapat din nilang ipaalam sa mga Pilipino ang mga risk nito pag hindi ka maingat sa pagtago at kung gaano ito ka-volatile.

May kakayahan silang bumili ng ganun kalaki kaya hindi mo maiiwasan ang mga whales sa isang market. Hindi lang naman sa crypto may ganito kundi meron din sa iba tulad ng stocks. Ang magagawa mo lang ay tamang timing sa pagbili at pagbenta. Hindi ka dapat bumili kung ang coin ay nagpump na ng malaki or masyado nang hype. Exit liquidity ka na lang ng mga early buyers kung magpapadala ka sa fomo. Kung ikaw may malaking pera, syempre gugustuhin mo din bumili ng marami nito para kapag nagpump ay malaki din ang kikitain mo.

This depends how serious is someone in gambling. Like me who doesn't gamble often, I still don't fully understand those terms. I only know about that martingale because I tried that strategy once when I gambled.

I also don't think that casual gamblers know much about those terms, as long as their gambling experience has no issue then they won't bother to know how those terms work completely.

Most gamblers usually use their own money in fiat to gamble and if they manage to win some amounts, they convert it immediately so they will have funds to gamble again for the next day. These bitcoin dumps won't be a concern for them as the value will still be the same if they always convert it immediately. If you're a gambler and a trader or investor, then you should have separate funds on those activities.

Some countries face economic crisis now along with the pandemic so there is someone to sell their holdings to survive during these hard times. The market sentiment also is not good that affects the people to liquidate their assets. There are miners also that will just sell their bitcoin now because the price keeps falling and their profit is also being decreased. They will need funds to sustain their mining rigs to survive in this bear market if it continues for some months.

These market cycles are normal and I've known bitcoin since 2016 so I know what to do. You won't be disappointed if you already know how to endure this bear market. Bitcoin can't just go up forever the way people want, someone will take their profit when they bought below so this is to be expected. Its value will continue to rise in the future so if it goes below $15k then that is a great opportunity for someone to buy 1 whole amount of it.

El-salvador is in for long term with their bitcoin investment. Their president trust the technology and its potential in the future. It is just an unrealized loss for now, as long as they hadn't sold anything then they still don't lose their investment and the amount will still be the same.

I don't think most of their funds are in bitcoin, their president will not put his country at risk, he should already know the volatility of it before they invested.

The most expensive thing I've bought from online gambling is a computer game on steam. I've bought it for 60$ which that time is already a huge amount of money as I am at college. During those years, cryptocurrencies are not well known and converting it to cash is difficult. I just exchange that winning to a steam wallet code then bought a game. I don't regret buying that as I enjoy playing it. I still play it sometimes when I miss the nostalgia on that game.

People that are 50yrs old above won't pay interest that much learning bitcoin, even using digital wallets to ease their life is difficult for them. My parents are at those age and they don't know how to transact online. They are even skeptic when I pay some of our utility bill using my phone only. The technology on their generation is not advance making it difficult for them to adapt. While us who are below 30's where technology has been a necessity to our daily lives and we are more open-minded with these type of innovations.

This is a good way to manage your capital. You just don't go all-in when buying during these dips. Some people call it DCA or dollar-cost averaging. Doing that reduces the risk to have a huge loss, you will be able to accumulate more amount if you still have liquidity when price goes lower. Knowing how to DCA prevents you to become emotional investor. You won't be easily affected by the news and people from social media talking about the market sentiment because you already have plan what prices to buy.

FTX's KYC requirement is like bittrex verification, you need to write a paper what they ask and holding your ID on the other hand. I've tried doing it once but they did not accepted it so I did not bother to do it again. I just use their platform when I need ETH because the withdrawal fee there is very low.

As for Kucoin, they have many potential coins that is good for long term that is not listed yet on binance and as far as I know there are the second reputable exchange apart from it. Their customer support is also responsive, it only takes an hour for them to reply to your query.

Nakakadagdag na din sa bilang na ito ang mga taong nahikayat dahil sa mga crypto related investment schemes. Dahil din sa pagputok ng p2e noong nakaraang taon, marami sa kababayan natin ang nag-invest sa crypto sa pag-aakalang ang value ay lagi tumataas. Di muna nila inaral mabuti ano ang mga risk kapag nag-invest ka dito. Marami tuloy akong nakikita sa social media na ang tingin sa crypto ay scam dahil sa kasalukuyang estado ng market. Dapat din magkaroon ng sapat na kaalaman ang mga kababayan natin kung ano ba ang cryptocurrencies, hindi maganda yung marami nga ang may alam satin kung ano ang tingin dito ay scam.

Para sakin nakadipende din sa isang tao kung ano ang goal nya sa bibilhin nya na crypto, kung ito ba ay short-term or long-term investment.

Short Term Investment
Andito yung mga crypto na nasa hype, para sakin magandang bumili nito kapag marami sa tao ay mine-mention ang crypto na ito. Tulad na lang ng dogecoin nung nakaraang taon, kahit marami itong supply nagpump pa rin ito ng mataas dahil sa paghype ni Elon Musk.

Long Term Investment
Dito naman yung mga crypto na may magandang utility tulad ng BNB, MATIC, at SOL. Ang BNB ay popular dahil ito ay isa sa pinakakilalang crypto exchange sa ngayon. Ang SOL at MATIC naman ay popular dahil sa mga NFT. May sarili din silang mga blockchain network na maliit lang ang fee ng bawat transaction.

Reputable casinos always ask for KYC especially if you win some big amounts on their platform. They ask for your identity to make sure you are not a criminal and in the right age to do gambling. Your information is only at risk when you submit it on a not well-known platform, their promotions and better chance of winning could just be a bait for them to get your identity then sell it on the black market or use it for their bad intentions.

I believe this is just a relief rally. People in social media are still bearish and global market doesn't look good also. Maybe it will reach $25k in the next few days to cause fomo and make them think market will be going up again then suddenly market will dump again. I'm still not convinced that we already hit the bottom few days ago, charts in higher timeframe doesn't show any sign of being bullish yet so I think we will still go down in the next coming weeks.