We have already talked about the simple fact that house edge is house edge and there is no way we could change that, you could have as many accounts or do as many cheeky stuff as you want and in the end we all lose money because of house edge. That house edge manages to make it mathematically impossible for all of us to lose money when we gamble long enough, if we keep constantly grinding and grinding, we will end up with losing a lot of money and that is the end of the story, no other way available.

However if you really want to gamble and win, the only method would be short bursts, like go in there, gamble all, win and leave. If you leave while you are ahead and not gamble again, you may actually end up profiting but that is the only way you could profit.

There were people who won lambo in another place that had the same thing as well. Some people are just very lucky I suppose, they just gamble a few times and leave and turns out they won a big thing here but since they gambled just a few times and left and not gambled here ever again after that, they have no idea that they won, which is something both awesome but also scary to think about as well.

Think about it, the part that is awesome is the fact that you gamble only a few times and leave and still win a tesla, that is awesome because that means you got very lucky, however the scary part is that you have no idea about it, if you own a tesla somewhere online from all those places you have account with, do you really go back to them all? I may have won something somewhere and not even know about it.

Obviously nations that are not doing well will sell their future for a better today, and that has always happened in history as well. Italy is amongst the nations known for not being good at all when it comes to finances, Italy, Spain, Portugal and mainly and mostly Greece which is horrible beyond measure.

However these nations will stay in EU and will keep ruining their situation for a very long time, which is the trouble EU has, there is nothing you can do to prevent another nation to do something because they are their own nation, whereas they are freely destroying your nation as well. Think about being a German, your nation is doing awesome but your money becomes less valuable just because other nations are dealing with it a lot worse, that is not something you would be happy about.

I doubt that it would really matter that much how much we care about fiat currencies that are this worst, I mean they are all aware of the situation so there is no real doubt that they do not want it neither, they do not want to worth less than 1 satoshi at all, but this doesn't really mean that they are all horrible neither just because it is a lot of numbers.

Japan for example spends millions for regular stuff, like it is a few million to get just one apple just to give an example, this doesn't mean they have a bad currency, they just did it that way and use to the situation that way and that's it. Hence I doubt that it would really matter that much for anyone, the bad ones know they are bad without comparing it to satoshis, and good ones do not really care.

I kind of find it funny that there are so many alts that increased so much and gave people so many profits and just because there are more alts that caused a huge loss to people there are some that disregard alts as a whole.

I get that there are 1000+ projects that caused people to lose money, and that is a very sad thing, however there has been 100 projects that made people tons of profit as well. Should we disregard all those 100's of coins as "alts are bad" just because there are thousands that were actually bad?

We should instead try to say stuff like "bitcoin is a more guaranteed profit in the long run whereas alts are risky if you can't pick the right one" and that sentence explains the whole crypto market situation without generalizing anything at the same time.

FOMO of 2.0 would be good enough to move all crypto higher, and that is what happened mostly as well in the recent news period. You do not see crypto move all individually, it could be probably something that happens in amount and % changes but not in the direction sense neither.

Just to give an example, we do not really see ethereum going up 20%+ and XRP going down 20%+ at the same time right? That barely ever happens, but we do see ETH going up 20%+ and XRP going up 50%+ at the same time right? That kind of differences may happen but that is about it. It means if ETH fomo goes on about this eth 2.0 deal, that means other coins will get a hold of that too and they will start to go up as well. I don't know why but they react to those things all together most of the time.

At the end of the day if you want to get out, there is really nothing more to it than that. If you want to get out by using USDT, do that, if you want to get out by getting out of it completely by going to fiat, do that. However you want to get out, just get out if you feel that way.

I do not really love people who want to get out with a fear of dump coming in because if you are not ready to brace that type of fall, you are not going to end up with much money when it is going up neither. You need to keep buying even when it is high so that it could go even higher, if you are afraid and get out, that means you do not want to be part of the people who makes $20k into $25k, you want to be the people that causes it to not go to $25k at all.

I understand that you may want to advertise your program here, but the best way for that would be service announcements and not here. When you post it here, it is not a discussion, it is not economics, it is not really anything related to the topics here, it stands out as a weird shill that people will dislike.

However if you open it on service announcements about how you find this product to be good, you could potentially get people who are interested and want to hear more about it, instead of people who are irritated by the fact that you are shilling it at the wrong place.

To those who want to feel less stressed while trading, I would say read a book or listen to music, those two things has helped me for over a decade of trading, it really soothes you very well.

I really do not understand people who get excited about bitcoin prices so much and gets panic this quickly as well. Didn't you realize the price was super high when you were investing?

I mean it is obvious that you are not going to see this type of increase all over again this quickly. What was the assumption? That bitcoin made 2x return from $10k to $20k and that means it will also go from $20k to $40k and make another 2x profit as well?

You should have known that was nearly impossible. I am not saying price will plummet, I am not even saying it will go down more, I am just saying even if it goes up, it won't go up that much and you should be ready for falls as well. Hence, I do not understand people who get involved this quickly with that kind of money and fear every single move.

Hopefully it looks bright. We are not doing that well in the fiat world and the worse fiat world does, the better bitcoin will do, which is why I think it is quite important that we end up with a much better result in crypto world.

Right now, we are not going to see the far away future that easily, people will not really see that far ahead when they all care about their current profits and people made ton of profit as well and it looks like it may not be doing as well for the past 2 weeks or so which resulted with people losing hope a bit too, but the reality is that all of this are calculated within few months, I am talking about years into the future.

As long as we have bad politicians and greedy companies we are going to see fiat go down and crypto will go up in return.

It will definitely be greater than right now, this is a long term project that has an idea that will never die. The financial markets are not even between rich and the poor and crypto makes sure that's gone, hopefully forever. It means by 2030 there will be a lot more money and a lot more people involved with crypto that will be interested in this. This is why I highly believe that there is a big chance we could potentially become a lot greater in price in 10 years.

It won't be as great as the past 10 years, we moved from few dollars to 20 thousand dollars, that type of return will never happen, that would require bitcoin to be tens of millions of dollars per coin and I do not see that anytime soon, but it could easily be 10x higher than right now.

Inflation is not your enemy, it is not your friend neither, it is the nature of the current financial system that we can't imitate away from, it is not something nice, neither something hurtful neither when you can actually use it properly.

When you have 2% or under inflation (not negative) you are growing and when you grow everything grows for your nation as well, but when you have 500%+ inflation like some destroyed nations, that is going to have irreversible affects, for a long time at least.

However, even with the 2% and under we need to reconsider what we are talking about with the inflation, sometimes nations calculate it based on things that are not basic needs, if that is the case for house, car (or transportation in general) food, bills and so forth, that would mean that we are doing fine, but sometimes they consider it based on tennis balls and bike prices and carpet prices, which shows good inflation where in fact it is not at all.

It had so many upsets and so many unexpected results. For starters Mercedes just blew it up, I have heard a lot of rumors about how Hamilton had the pit in his pocket and asked for all these troubles to happen while he is gone and I think that is not the case, but wouldn't really shocked me if pit crew was really not careful enough at all because it wasn't Hamilton that was there, I would say if it was Hamilton and they did these mistakes they might have lost their jobs so they would have been a lot more careful whereas they could just put rain tires on during hottest day of the year on Russel and nothing would be done about it.

Verstappen gone so early also caused a lot of questions on who would win. I hope next week nothing crazy happens and we actually end up seeing Mercedes and Verstappen fighting it off.

To think that we could potentially have 30+ thousand dollars per bitcoin in year 2021 is something marvelous to think about and would have been unthinkable just a year ago as well. We have moved from 14k levels to 7k levels by the end of 2019 and now at the end of 2020 we are talking about above 20k as something within our grasps and considering going even higher for the next year.

I never wager on yearly bitcoin price because it is always imagination that you need to use in order to gamble on it, and so is investing on it as well, I can safely invest knowing that I will "eventually" make a profit even if it drops, we have seen as low as 3k since the last 20k and yet broke over ATH so I know I can make a profit eventually but to know what it will be at a certain exact date will be a different story.

Depends on what we think should happen. Crypto was created as a revolution against the rich people managing all of our money with their money.

It was a system that allowed rich people to do whatever they please and get away with it, obviously this whole idea started way before 2008 however the reason why it got so much bigger after 2008 and picked bitcoin as the thing for it was the simple fact that we can't handle the economy where regular people like you and me would bankrupt and on top of that get everything we ever worked for seized and even put to jail if the debt is too big, whereas corporations get bail outs for managing themselves very badly with tens of millions of dollars in bonus checks for CEO's to manage that situation. If we can arrange a world in crypto where that is no longer possible and we can manage to get better, we will definitely do much better.

I would say that liquidating would be the most wrong thing anyone can do in bitcoin world, we all know that it is something that will continue to rise forever, so why lose all of your bitcoin just now as we are breaching into unchartered territories. This is the moment the real profit comes, right after we are moved beyond what we have seen as possibility so far, because rest of the prices above us are the prices we have never seen and have no idea what will happen.

Only the people with real courage will have the chance to make this work and they will see all the profits from it as well. I would say hold, hold as long as you can, hold like you are Spartan with your brothers beside you and your shield in front of you, hold now so that your children will be capable of living a luxurious life.

I can't say anything about the fractional BTC deal, but I could say that they fake their volume by a big margin so do not assume that they have the money they claim they do. Many places show their fullest of all wallets and claim that is cold wallet and all, but they keep saying there is cold wallets or hot wallets that they hide for security reasons as well, most of the time that one you saw is the full extent of it with maybe some hot wallet as well.

So, they may look like they are a company that has play in this as much as we do and they want success of crypto like we do, but in reality they have absolutely no connection to us at all, they only care about their wealth and not what is good for the community at all. Unlike us, which wants success for crypto as much as what we want.

Finally someone said it. I hate all these talks about how centralized exchanges are like this and like that, or decentralized exchanges are like this or that, they are both not great places and they are both not going to suddenly change everything in the crypto world.

Definitely there are some that makes it better, like dex have some features that people needed and it is good that they are bigger now with higher volume, or there are some that needed CEX and thankfully they still exist and keep growing bigger, because they have features we wanted.

But, there is not a situation where they are either perfect, neither of them can provide you with 100% all you need without ever needing any exchange again, it will always be places where we will always need multiple places to use and that is why there is no need to decide on which to use, since you can use both.

ETH 2.0 is not launched at all, this is phase 0 and we are nearly a year away from actually staking with ETH, this misinformation needs to be fixed. People can talk about how much 2.0 will profit them and what the staking will be like or whatever they want about ETH 2.0 whenever they want and wherever they want.

However this is not it, you guys need to be well informed before going into this or you are going to be very upset over the fact that your money will be locked for a very long time. We are at a stage where we are in phase 0 right now where we are moving towards the inevitable 2.0 that has been approved, loved and expected by thousands if not millions of people, however we are not there yet and some people thinking what just happened was 2.0 is the proof that people are misinformed.

I believe that 2021 is going to be one challenging year. I mean it could be the year where we are finally seeing super high prices that we have long awaited for and it would make sense for it to be that year because everything looks to be very promising for us and have a high potential.

Or it could be the year where we are finally not seeing anything worthy at all after such a good year in 2020 (well for crypto at least). Think about it, last time we went this high, next year became a very bear year that everything became horrible, which is why I believe 2020 could be like 2017 but I really hope that 2021 is nothing like 2018, if it even resembles a bit, we are looking at a horrible year.

So, we are now just waiting to see if 2021 will be like 2018 or will be like continuation of 2020.