I think things are more complicated. People are greedy, and what is even worse, their greed is in fact insatiable. When they had earned something via Bitcoin, they got used to these profits coming their way, and then they started looking for ways to get even more dough. So they chose to leave Bitcoin, fully or partially, and invest in something else. But something else here is synonymous with scams, fraudulent schemes and similar stuff. In simple terms, the idea of value dilution through myriads of shitcoins seems quite legit

And it is definitely not about the market share, of course

You should have cashed out at or near the top

In fact, you should have been cashing out whenever there was a major price surge. I suspect you had fallen for the fairy tales that many had been telling (and still more believing) about endless growth and Bitcoin's price of 1M dollars in not so distant future, right? But if you didn't cash out at the bottom, your losses are still paper only, so there is a hope. Just be more critical about such sweet stories


Then you could just say to stay away from crypto as well

In fact, I understand that

Moreover, personally I have no grudge against gambling at all (dice or whatever). But please don't use the word trading as what you offer has nothing to do with trading but can be utterly confusing. People who are using your platform are gamblers, not traders, end of story

Though I still can't grasp why would anyone be interested in this kind of thing if they could just go for real trading and "bet" there directly paying like 0.1% fee on their "stakes". But maybe, it's just me

4k doesn't matter a lot

As we had already pierced through it a couple times after "a very long and big drop". So there is nothing particular about that stronghold as it is not a stronghold at all in the first place. On the other hand, 5k will be entirely different as it will likely add a whole new dimension to our understanding of what true resistance is. Since that very long drop, it will be the first among major resistance levels to fall, if ever (others being at 8k, 12k, 15k, etc)

5 thousand dollars will be a Rubicon of sorts

If we ever come to that level, of course. I for one expect a severe fight between bulls and bears. That will be a good fight indeed with lots of pigs slaughtered in the process. I don't know who will prevail in the end, but personally I'm preparing myself to profit from monumental bursts of volatility which are without doubt bound to occur (going long in some places while shorting in others). In simple terms, let's get ready to rrrrumble

How is that dubious?

I'd rather call it your negligence. If you don't know how to use 2fa and what it may lead you to (read, funds being no longer accessible) in case you lose your phone, just stick to old recovery methods like email. Other than that, I don't understand how losing your phone can prevent you from accessing or restoring your access to a site as losing a phone is not equal to losing your phone number. You can easily get it back even if you don't lose your phone at all but your SIM card malfunctions

That comparison shouldn't be taken too literally

The point is not in exchanging physical gold for something, though it may well be the case of big purchases involving millions of dollars (especially in some shady affairs). When people compare crypto, or more specifically, Bitcoin to gold (as is the majority of cases), they compare such aspects as scarcity which allows to consider Bitcoin as a store of value or "digital gold". And it is this use which people have in mind when they are making such comparisons

Are you sure of that?

Have you been personally investing in casino bankrolls yourself to have a first-hand experience which would let you make such claims? As explained above, investing in casinos can be equaled to venture investing as you can't invest in top players like PrimeDice. You would be investing mostly in startups bearing all the risks such investments involve. I'm curious if people really understand that it has nothing to do with the word "passive"

They may be up to something else

Really, they are talking about elite players, manual approval and similar bullshit aimed at rubbing your ego, but at the same time they can't even make a decent OP (or hire someone who would do that for them). In other words, their claims don't look authentic in the least. Apart from that, you have to download some app which is a big red flag if you ask me. But it will be interesting to see how things are going to develop here

It was a good advice, actually (to invest at the beginning of a bull market)

What you say ("be greedy when people are afraid of investing and be afraid when market is up") may sound good and nice and all that, but this is no more than a catch phrase like "invest when there is blood on the streets even if it is your own blood". In most such cases you will be left with nothing if you follow this approach. I can just say that trend is your friend and never try to catch falling knives

I wouldn't be so categorical

For example, in early January this year we rose well above 4k (reaching 4.4k at Bitfinex). But it still didn't prevent us from falling below 3.4k some time later. In this manner, I wouldn't actually say that the bottom was hit (let alone long gone). In other words, excessive enthusiasm is likely as bad as unbridled pessimism, and we should just stick to our guns being happy with what the market gives us (read, make money no matter what the price is)

In real life it is way more complicated than that

Basically, an increase in money supply doesn't always lead to an increase in price inflation rates as the relationship between them can be quite complicated. On fundamental level, price inflation level depends not only on money supply as such but also on the economic growth. For example, if the economic growth outpaces the growth in monetary base, that can lead to price deflation even despite a positive money supply

You may want to read the thread too

Merchants who choose to accept crypto directly can easily get rid of volatility through hedging (which I explained earlier as well). But it makes sense if you have quite a few consumers willing to pay with cryptocurrencies. If you don't, you'd better go with third party solutions like the ones you mentioned. Otherwise, you can use major exchanges like Bitfinex to open offsetting short positions and thus become invincible to volatility bursts

2015 was a turbulent year

Let's not forget that during that year there were two major lows. The first was in February (if I remember correctly), when the price went below 160 dollars, and the second was in late August, with prices dropping a little below 200 dollars (just for a few minutes). Between these two lows the price rose to almost 300 dollars in the summer (only to crash later), so if we are to follow the 2015 pattern, we may still see some bumps ahead

How long had you been waiting till the price started to move?

8 percent is more than enough for me, and I would be happy if Bitcoin moved at least 5% daily. But that was not the case till yesterday, and it is not certain either that the prices will go on like that tomorrow. We had been stuck in a tight range for weeks recently, so I can only congratulate you to turn up in the right thread at the right time with your post. Anyway, keep us updated

You definitely should read the thread

As I have explained on a few occasions already that volatility is not something that merchants should care about. In simple terms, merchants don't accept cryptocurrencies directly in general (some certainly do but they are few and far in between). Most merchants which are accepting cryptocurrencies as payment are still accepting fiat as before. It is payment processors which receive crypto from buyers and then covert it to fiat, and it is them who are dealing with volatility issues (i.e. not merchants)

It is a bit different in gambling

For example, you can find a decent coin which you think is way undervalued (that may well be the case). Then you grab your money and invest dough without much ado. So it all comes down to finding a coin worthy of investment, right? Right, but this is not the case with bankroll investments. It is not enough to find a decent casino to invest in. That casino should also offer this option in the first place

And here's the catch. Decent and trustworthy casinos typically don't allow outside investments. So you are kinda stuck with not well-established gambling institutions often frantically searching for more money. That makes your bankroll investments risky by definition. And what adds insult to injury is that once a casino gains financial muscle to move on by itself, it is more than likely they are going to disallow such investments at all

And probably not in a good way, though

You see, your outlook and appearance matter a lot even if on a purely subconscious level. For example, if someone speaks sense but who is untidy and sloppy overall as well as speaks like he has been lying his entire life, people won't be inclined to believe him much. On the other hand, someone with a decent haircut and expensive suit speaking firmly and confidently will inspire trust and confidence even if he says complete bullshit

The whole thing seems to be stillborn

They position themselves as a trading platform but for some reason they start their thread in the Gambling section of the forum. So they are sort of neither here nor there. If you want trading (Ethereum or any other coin), you just go to well-established exchanges like Bitfinex, Binance or whatever. If you want gambling, your turn to well-known casinos like PrimeDice, Stake, etc. Other that that, when I see someone mentioning binary options, I always think about fishy schemes and outright scams 

Yeah, a few hundred dollars would be okay

Only if it doesn't happen once in a blue moon. Now we see some action in the market but we had been flat most of the time since nearly the beginning of 2019 (after the New Year rally ended). So it is not even so much about a genuine bull run and rising to 6k or whatever as it is about market being alive and showing some activity (read, if we move a few hundred dollars either way every day, that will be it)