My latest gambling experience was 2 weeks ago. I found a friend who works at a casino and I started to visit almost every day. I spent minimum of 8 hours on the slot machine, so last week I hit a decent jackpot. It was not a huge amount of money still I cannot believe that I won. I cried because I never believed it was possible but the mistake was not going home never to return back to that casino center.

I started going back there every day and it’s just another week now and all the money I got is all gone, I feel so terrible about this and I hope to get more money to play so I can recover my loses.

This automatically implies that everyone is a whale and indirectly saying whales are honest traders, lol. I said this because you did not breakdown the future, have you forgotten that future could be tomorrow too. So, if I come to pump money into the market now and I see a price that profits me tomorrow, I can as well as dump it and not be tagged as whale.

I am just kidding with but on a seriously note, I think we need to define the number of years an investor can leave their money before pulling it out to consider such investor as an honest traders because the activities of whales are not far from what you said, they buy at dip and sell at good price, the only different thing about them is that they manipulate this with large funds.

Well, lack of knowledge is what makes a lot of people fall victim of these, although his action is not a criminal case, he is only simply trying to make money from what he felt he knows and would be in demand by novice but I believe he is not enforcing any of these on the viewers, most viewers that find problem with it should also go and learn the way he learnt and see if it will be an easy task for them to carry out.

They also need to learn to do it on their own which I am sure some of them too will also sell out when they have the opportunity to do so. So let them sell their premium tip for those who will choose to have it.

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Laughing so hard, I was already boiling so hard in my mind, preparing to blow so hot on your write-up because of the shit on 2017 and 2018 till I saw your 2019/2020 write-up, now I think I can answer you calmly.

Well, I see a very promising 2020 for the cryptocurrency, any project that will be great and stand the test of time will surely face strong criticism but the ability to stand firm against all odd is a proof of its strength, despite all the negative prediction in 2017, many users of crypto was still made happy and 2018 was just another trying time which we are already coming to an end of the trials, with those projects listed for 2019, it is absolutely certain that 2020 is the year. 

I am sorry to break it to you pal but you will not be making that much money consistently. I mean of course you can do it once or twice and all that but you can't do it forever, if it was possible and people had a way of knowing how to do that all the time believe me there would be plenty of billionaires here.

The best course of action for you is to go out there and try all the methods that is given to you and than test out which one is better suited for you and see if you are happy with the results.

Sometimes you can test short term day trading on a bad day and lose money, sometimes you can test it on a great day and make money, don't let it make you feel like a good day will continue forever neither will the bad day, you will sometimes make money and sometimes lose money, nobody loses forever and nobody wins forever, its always ups and downs.

We don’t need whales mate, we need real users and investors, we have lots of investors out there that can pump money into the bitcoin market and leave it on for a long term which will generate a bull run we can experience for long, most Whale bull run are usually quick and not good for us. What we need to start hoping for is that we have some of these companies that are already big to adopt crypto currencies and expose its usage to their users, imagine about 1 million people buying BTC to keep this year, is that not more than enough to double the current market price?

They must have been big on their own before their prediction was taking seriously, we have so many analyst out there that there prediction is more outrageous and yet we still don’t get to hear about them, it might not necessarily mean that they do so with the intention of creating awareness for their company but creating awareness as an investor too. He wouldn’t just come out to be predicting a coin if he is not also an investors in it, there are so many mediums he can use to create awareness for his product.

With your John McAfee illustration, you now see that they do so in other to promote whatever coin they also invested in and not because McAfee product was not already known worldwide.

It is just ripe for the taking for us right now. I mean the price is certainly low right now and we can't be sure if it won't be any lower but at the end of the day it is definitely low for what it could be in couple of years. Right now, we can consider the price very cheap for what it can be lets say in 2025.

People are looking bitcoin and profits very short term, like you gotta buy something and make money in couple months at most, possibly in the first week you buy that.

Nevertheless, if you look at it like a long term investment even people who bought from $20k (even though it is definitely a bad investment at this point) will be profiting more than they know in a decade, when all stocks go up like 100%-200% at most in a decade bitcoin will be up x10 and even more maybe. Hence right now it is by far the best option we have.

It’s very simple, the fact that a problem is identified means that the solution is found. I don’t see anything wrong with listing the reasons why bitcoin is falling, that’s a loop hole that can be closed. Once there is a solution to each of the listed problem that means the same ways bitcoin can start rising.

I think the idea satoshi holding a million Bitcoin is just a Rumor like you mentioned and if true, I think the last thing he would do, is to manipulate the price, of what gain is that to him Actually. I think the major manipulators of the market are the whales. The reason whales keep buying is to make people sell off, if only people could ignore the whales when there is a pump and continue to hold onto their bitcoin but that is rather impossible, this is what makes it a volatile market and the volatility is even what makes it interesting.

One sure thing I know is that growth is inevitable for most altcoins this year which bitcoin will be the major coin to experience such but what I can’t tell is if the growth in price will be term as bull run because we will definitely see a fair increase in price due to so many factors.

The introduction of Samsung 10 eth wallet, the proposed Facebook coin, the adoption of crypto currency by Visa and many more of it which surely most of these coins will pair with bitcoin and I believe they will be fully executed this year as the year is still very new and enough time to execute any project that will have large effect on the market cap.

That is the only consoling factor among most crypto adopters. After year long, we cannot expect market to get restored instantly, it may need another quarter of year to gain confident among institutional fund managers. But, the current market pattern is showing the beginning of recovery which is more than expected for many people here like myself.

Sometimes we cannot still judge using their whitepaper because most of these people that fell victim of their scam must have thoroughly gone through the white paper and checked the team out before investing such huge amount of money.

Some of these whitepapers are even hyped and you find it difficult to discern a lying paper from the truthful ones, I basically just advise investors not to put in so much money into an ico, major investment should come after an ICO  and when such project must have entered an exchange and by then, we should be able to tell a bad project from a good one to invest more.

Well, I believe people are really taking serious precaution now and reason why many of the ICO are finding it hard to reach their target now.

You could be right about this, but it also depends on the kind of product the project is presenting to the public, we have some products that really require huge capital for it to succeed because they might end up getting stock along the way if the capital is not enough to complete it.

Let’s take a look at power project or real estate project, such amount of money is even very small compared to what it takes to bring these project samples to completion but my question is, when such project comes out with such cap, do we really study the product they are bringing out to see if it will really be in demand in the long run ? Many projects have the chances of failing completely if they don’t do their feasibility studies very well to be sure that such product will be of high demands.

Do not forget that fiat usage is also limited to transaction and as not collapsed.

Everything that surrounds us in one way or the other is connected to transaction. People will always transact business and payment will always be required, this is the solution cryptocurrency as brought to the financial industry to make transaction easier and friendly.

Bitcoin is at its early stage of adoption and its gaining more popularity than Fiat currency, we can see with many big players like VISA, Samsung, Facebook and so on planning to join the digital currency world, and with this, bitcoin being the king of all will be difficult to ever collapse and all these wishful thinking of bitcoin getting low to $100 is just in an imagination.

That is why I can’t really wait for the time bitcoin price will become very stable at a very high price, let’s say like $100,000 per coin because then, it will really be too expensive for them to buy large and  manipulate the market, though at this price it is now, we still have some people that are extremely rich and can afford to pump so much money into the market to manipulate it using just 1 exchange, though it is quite risky like you said,  because if someone decide to buy 500,000 btc, selling it off  completely might be quite difficult.

Sometimes, I feel some of these exchanges should even regulate the amount of bitcoins that can be bought at once to control some actions of these whales. But, there are having limitations only for withdrawal amounts (for their security and for other compliance reason) and bothering about those manipulations.

When bitcoin market grows and when more people are participating in "real bitcoin supply-demand" mechanism, I guess whales will lose their power to control bitcoin prices. Moreover, when bitcoin ecosystem grows in more number of adopters, there will be no more whales and even some people will be holding more number of bitcoins, they cannot manipulate against massive number of small holders.  

The oil part is true but why it is not Saudi real and why it is "trust in us government" is because USA basically owns Saudi Arabia that is why. Saudi Arabia could "try" to not give their oil to USA and try to blackmail USA and just sell their oil to Russia for cheap and that is exactly when USA will decide "bringing democracy to Saudi Arabia" is a good decision. It would be a bloody war again but you will see a USA flag everywhere in Saudi Arabia for sure.

Hence, Saudi Arabia just sells their oil to USA and lives freely with that money and do whatever they want. So, just because Dollar is backed by Oil doesn't really mean its also not trust to government, its basically hand in hand, you literally trust the government to find oil at all times no matter where and how.

Don’t mind him, there are lots of people out there who are praying to have the kind of opportunity he has and to grab it.  He should be thankful to God that he saw the light of cryptocurrency on time and didn’t end up wasting his money in a wine bar or a pool club. The knowledge he even has alone, a lot of people are willing to pay for it but don’t have the cash to do so or even have the opportunity to invest.

This is one of the good thing cryptocurrency has actually brought too, trading as really been of help, especially for me to generate little income I can have through it to cater for myself and my family and with time, the investment will pay off. At the same time, I do see many people are simply ignoring active trading as they prefer to hold for years and make multiple times of returns than active traders are getting.

Getting addicted to crypto will not harm anyone unlike how gambling or alcoholic addictions are ruining one's life. Because when we love our job, we may get addicted to that but this will lead to excel in that job. If OP starts focusing on making use of his life time opportunity then his addiction will remain as a good thing to support his bigger earning.

You might be right a little bit about market having an element of manipulation in it this period.

Bitcoin opened with about  $4040 yesterday and  I was shocked to see it suddenly drop to ~$3925, and whatever amount that must have put it such low must be a high amount because I don’t think that would have come from trading activities, and then what assurance does the market have that those big investor you talked of are not coming with the mind of coming to pump and dump the coin again.

I would have even prefer all these major investors to stay out of the market for now, though without them, the market price will be very slow in climbing but it is better for it to be slow and steady than all these fluctuations in the market.

The news of Facebook launching its coin is almost true and verified and there is absolute hope that the coin will be a success and there will be many merchants and investors who is willing to invest in the coin because of the integrity that has been built by Facebook. But for gambling, this is still a speculation and we hope it’s true because I believe that would really fly.

If new gambling websites like Vitalbets use Facebook as a tool to introduce itself to the world and it is really getting known, we can now imagine Facebook itself owning its casino.

I am also aware that the most popular names in casino always use Facebook for advert and their targets are usually Facebook user, If Facebook itself now decide to start its gambling casing that means they would know the right people to target and sure the game would be an extreme success

These benefits are what makes the cryptocurrency more superior to the normal traditional banking systems, and that is why many banks are frowning at it and government not willing to adopt it, because they see it as threat since it is not being regulated and also feel that it is an avenue for a fraudulent person to launder money, and get away with it without being able to trace him.

But I think for now, no fraudulent person will be able to get away using crypto currency because most of these exchanges do their KYC too and  any crypto must also be changed to fiat currency pending when the block chain is fully established an widely used and once the crypto is changed to fiat which will in turn give a large sum of money, the banks will surely query it.