I agree that the government poses the biggest threat.

As natural disasters would come, as high technologies would be developed in the future with strong processing power, I think it is still the government that holds the first seat. They could implement laws, they could influence people, in short, they have control over whether to stop or accept the usage of cryptocurrencies. It won't stop the technology but I think it is hard for the people using Bitcoin if all of their governments in this world ban it. When China banned Bitcoin, the price went down, that just proves how can it affect the price of Bitcoin.

What do you mean by cryptos affecting only those areas?

Doesn't mean that the price went down in our country, it doesn't mean that it will drop in other countries as well, is that what you're saying? It doesn't work like that, and I don't think it would be a huge impact on the price of Bitcoin or other cryptocurrencies unless that country has a lot of investors that sold at the same time.

It is still increasing.

The price is still going strong. Never thought that it would stay strong for a while. I am thinking that the price will never ATH but since the price is still strong, means we have a higher chance of having another ATH this year. It is so great that it is still going strong, I am not hoping for far greater as long as the price just stays here.

That is true.

It is not these businesses/casinos that will be taking care of their people. If there seems a problem or an effect on the people, the government is the one that would make a law or maybe put a limit to these things. There are countries that include gambling addiction as their problem, hope there are a lot of people that would be helped by these programs or laws.

That could also happen to other people.

When you present someone with a way to earn money just by using his luck, people will really bet their money no matter how small that amount is. I remember that every fiesta in our place, these people are going to our barangay with dice and we guess which color will roll, we usually call it the color game. That is gambling but no matter the age of the people there, they really bet until the money they've empty their pockets. Do you know what the bad thing is? Some of those people that lose go back to their houses just to bet again. Again, these people are not addicted to gambling, they have just presented a way to earn money, despite gambling, they are willing to risk.

That is right.

I don't think people would be accepting this kind of feature in a gambling site as they are wanting to bet and continue the bet until they can't. Not all of us are like that but there are a lot of bettors that do that thing. They can't just stop themselves from betting their money so the only thing that could stop them is when they don't have money to bet or they realize that they should stop.

You can day trade.

But you are also correct that it is difficult. Because of the volatility of Bitcoin and other cryptocurrencies, you can see fast changes to its price in a short period of time. You can take advantage of it if you wanted to day trade but you should consider the fees that you will be doing and the possible changes of that currency. Another thing is that you should also be vigilant to quick changes so you need to be alert and always watch the price chart.

Usually, we really follow our guts.

It is true that we are also analyzing the market but despite the indicators the price chart has, we can't actually say that it will happen 100%. We follow what we feel or what our gut says. The question, who moves the price of Bitcoin, the answer is us investors. Whales can manipulate the price but all of us gamblers are the one pushing and pulling it down.

That is them.

We can't stop people from criticizing Bitcoin or cryptocurrencies as a whole. One of the main reasons is that we could back number 5 criticism which says it is not backed with anything, if they could be more open to its possibilities it is the people and it is based on trust. It is not backed by anything then it is a scam, people should know that nothing can be created from nothing if it is not backed with anything, how could it be so huge right now.

That is risky.

It is true that when the price of that certain cryptocurrencies increases, that would be a huge profit on your side the problem though is you don't know if it will stably increase or might just flop in a short period of time. Before investing in this low price coins, you should know if this project will last for a long period of time or it might juice their investors with money. That is why beginners should learn how to identify a good project if they wanted to invest in these kinds of coins.

Casinos are not created for their users.

It is created for the profit of the owners and its investors. That is why these owners and these investors don't care whether people are destroying their lives in these games, at the end of the day it is still a business. If the gamblers will not be able to control themselves, they will obviously fall into that pit with regrets and a lot of losses.

That would be really annoying.

I mean, it should not be an automatic feature, it should be something that the people can control, it should just be an option to the gamblers. Another thing is that I don't think online casinos would implement this that quickly since, without it, they could earn a lot of money from a single day or in a week to those gamblers that can't control themselves.

FPS or MOBA is different.

It is not the same as that since these teams are practicing their strategies and plays every day, it is a game, and always remember that these games are played by 5 players. Your teammates' play can lift you all in a slump while you can't do that in gambling as you are doing your bettings all alone. In gambling, luck plays a huge part, in those games, skills play a huge part as it will be your weapon to turn around games by taking advantage of mistakes your opponent's made.

I needed some money so even before this bull came, I am already selling a small percentage of my holdings.

The market is not well but pandemic happened and in the past couple of weeks, my parents' house was hit by multiple and consecutive typhoons which are really traumatic for them as they are old. I need to send them some money and my salary is not enough so I sell some while still saving from the mBtcs I am getting every week. I am not choosing either of the two because I needed it.

But in terms of cryptocurrencies, how can we know?

There are a lot of people holding thousand and thousands of cryptocurrencies and we never know who they are. How can we tell that they are successful if we never know who these people are? They are the only ones that can tell they are successful, other people can't tell how successful a man was if they will just be basing it on their wealth.

That would be really hard.

You can't just stop these people from complaining. There are a lot of people that find a hole, to find mistakes the government did but at the same time, people can't complain because they are also seeing mistakes. You can't blame the people in this because they are having a hard time dealing with this, but at the same time, I hope the people and the government could just unite to finish this problem.

A country can stop the pandemic without the vaccine.

But that is not that easy. The countries that did it know what they are doing and they laid a plan and they are swift when it comes to new cases. The people and the government trust each other. The problem is not the government, it is true that they committed mistakes but people also have their fair share when it comes to mistakes. It is not always the government, each end of the rope has its shares.

Yeah, heard a lot of them, to be honest.

But you just follow their story where they are still winning, did you even know how much money they burnt on gambling? It is true that they are professionals, they won a lot of tournaments but are we all professionals? Are we all like them? You are emphasizing these people while if we will be talking reality that you wanted to that is just a small percentage of gamblers and the small percentage that actually win. I'd say, they are in that 5-11% of gamblers while the other is the ones who loses money from a small amount to huge amounts.

I think people should stop relying on these features.

I mean it is great for those people that can't really stop themselves from burning their money on online casinos but if you really wanted to change, if you wanted to stop your addiction or even your betting as your habit, you need to do that yourself. And I think it would be annoying for those big bettors to activate this feature? I don't know especially if that limit of that player protection is low.

I think that is that.

The fact that they are hoping to win means that they are still confident with their bets, they are still confident that they can still win. People should just stop right there if they are close to their end so they could use more in the next day or maybe time that they will gamble. For me, at that time they have a higher probability of winning as they can bring more money. I doubt that it is greed since they are already losing.



Now, this is where I agree that it is greediness.

They already won and they think they could earn more. In my case, it is not greed. I am also thinking about the probability that I could win more but not my gut telling me but I am basing it with some math; since I have a number of bets that I could do, that increases the wins that I can do and the losses that I can take. I am thinking that it will be the latter usually so I immediately stop at three.