They have the mindset of "early game" where you would lose at the start of the game and then will keep playing until they recover their losses as well get profit. But for me, it's not actually applicable to gambling, cause it's literally based on luck so there's no guarantee that later on you might hit the jackpot. You might deposited almost all of your funds or sell some of your properties just to bet on gambling, for sure you will not still hit the winning round cause there's a lot of possibility and small chances of winning. Setting a limit and controlling emotions by accepting your losses should must be applied if you are gambling. My technique whenever I'm at loss is to distract myself by other activities and eventually I would forgot that I loss at gambling, by that you can prevent on trying to chase your loss.

That's actually right, because we make our judgement not only into trading, but many things by using our emotions and feelings. If we combined them with using our knowledge, then that's the time we could make our judgement. Sometimes feelings and emotion would contrast to the knowledge we have, because we can't always rely into our guts if we don't have any idea into a certain thing which we can apply into trading. If we can't control our emotions and not having enough knowledge it would affect our judgement causes for us to get losses. And I agree to your statement that greediness could give you bad calls by just repeating the same method which is not applicable in trading since it's volatile.

Well, that's true. You're just being good by telling them options for money sources by introducing Bitcoin to them. Of course, giving them backgrounds and the risk involves must be included. You should pick the persons or the friends you have to introduced Bitcoin, because some wouldn't literally gives a sht about crypto or Bitcoin, some would say that they are a scam. You are just giving them an idea, if they blamed you for things they did, it's literally up to them. If they have conscience for that cause that would be never your responsible. Every knowledge and experience will be explored by the person itself, they can't just rely by the information you give, so they would do their own research as well do their own investment, then that's it.

After reading your post OP, I think it's actually fine to not risk your educational money which your father gave to you by selling one of the cows. That's actually true that there's no late comer to Bitcoin as it has a good potential especially for long term investment. Still Bitcoin is too volatile, it might fall once again next month or the end of the year, so it's really risky. For me, I wouldn't like to invest the money that I couldn't afford, cause that money is already settled and just waiting for the right time, using it can only lead to 50/50 chance of profit and losing. Which I prefer to play safe, I rather stake the spare money I have than using the money that provided by your father. Still it's up to you, it would be better if you ask your parents for permission for them to be aware than invest in secret.

We know to ourselves that a certain thing that we do is really for us, for example we really like biking but get tired easily by just a short travel. My point is, doing something that you like and love is literally a different thing. Which is the same thing in investing in crypto or to Bitcoin, you could realize if doing trading doesn't really for you as you prefer securing your money in long term than profit in just a short term. Now that if even for a long term investment doesn't suit for your preferability, for sure you know that Bitcoin doesn't for you, of course we know that Bitcoin is just a tool that could help many people by takign advantage of it's volatility but personally you would know if its for you, cause there's a lot of options out there that you could use as money sources.

Health is more important, than wealth but of course we still need money to provide our needs. But some people have a mindset of fulfilling their financial first so they could secure their future. There's nothing wrong with that, as long as we take care of ourselves as well then there won't be any problem. If you are a healthy person, of course you would be happy as you won't endure any kind of sickness. We need both wealth and health, but financially we were just aiming to achieve where we could rest assured that we can provide all our needs that's why we invest for our future's sake. But if you sacrifice your health just in order to have investment, then that's no good. For example, you took extra side job so you can have extra money for investment, but it's affecting your physically and mentally. So you really need to balance these two, like finding a non-stressing side line.

Exactly, it might look they are connected as we make transaction from BTC/USD in exchanges but they have no ties between each other. By just Bitcoin being decentralized itself, it and couldn't be controlled by any government, you can already concluded that BTC is impossible to have connections to USD. Only thing that government can do with Bitcoin is either legalized it for people to use it freely or will banned it if they think it would be a threat to their own currency or economy. Both might be affected by a certain issue and update causes for their value to lessen and increase but Bitcoin is more volatile and USD can be manipulated by the government so they are not the same thing but both is currency.

It might not be considered as good career since you could study and learn more like being a professional or licensed in a certain career. But let's not be little people who focused on doing in crypto industry or Bitcoin, cause I know some people, but I'll be honest that they are just few which can be counted by finger, that succeeded in the path of crypto industry.

They are also engaging in this industry, as well learning from taking a degree in schools for example BSIT, which is more related into computer and technology that we could applied to blockchain. Once you profited huge in Bitcoin, there's a lot of option that you could do to have alternative money sources, by just simply using your funds into building a business, reinvesting into real estate and etc. Cause we can't really put all the eggs in one basket they said.

Well, I agree with your statement, however, Bitcoin's nature is volatility, where the value of the market could go increase or go fall, so there's still a risk involved even if you have knowledge, which we all can agree, so in short Bitcoin being called safe haven it's more like the first thing comes to my mind is like the analyzation of data, and you could still get liquidated, meaning it's not stable. But if we were talking about long term investment, then for sure this is literally the safest haven for people especially the rich one, as they just simply invest and their money grows in a period of time. If we're gonna compare Bitcoin to Gold in which is the safer haven, of course mostly it's the stable one where you won't get stress and would expect profits as well in years, especially now Gold is in demand.

Some people are fulfilling their desires and wants in life, despite not fully having a financial stability to provide all your essential needs. It's maybe for the reason to resist the temptation to buy the wants or to meet up the expectation of the society that you could afford something pricey, which is really dumb cause you could focus on buying things you really need than into luxury, which you can use the money to invest and then later on once you achieved financial stability, then that's the time you have the freedom to buy things you really want, this is for my opinion only.

And I also agree with your statement, rich cannot only be measured by money, but as well for the health of the person and the peace of mind they have. That's prove that they are rich in terms of having a good health, we can observed that it could be attain by all of the people, still it's really hard to achieve so it can be considered as achievement/successful. Comparison could really destroy things that we can consider already

Some people do investing or trading as their full time, where they made it as their source of money, which is really not suitable cause Bitcoin is volatile, so if you're unlucky for not having any profits or money, then there's no food at the table as well. So consider this kind of money sources as a side hustle or extra job, but having alternate income would give you more money to invest and to provide all your essential needs. We have our own process in this industry, so seeing someone profited and copying their style would might give you a negative effect since it's not really applicable to anyone, as we have our own patience and decision making. If you're just an average person wanting to invest with having an average salary, then DCA could help you to get invested to secure your future, it might take a long time but it would pay off in the end, since we all know the potential of Bitcoin.

Still there's no guarantee that it would reach either $30k or $40k since it's still volatile, even if you said that you have done your research if there's suddenly a news or update that could impact Bitcoin's value in the market, then it could be decrease or increase. There's no assurance in a volatile market, still people could get profits from it as they take advantage of the volatility. Well, long term investment could get you safe or doing DCA method would help you to avoid stressing over the market. But personally, I think if Bitcoin reached $35k, some people might take profit and reinvest, since for the last months it was at $20k-$30k range. So if you invested at that period that's good. Just have a plan incase Bitcoin's falls/rise, just take advantage wisely.

Same case here, if I were to leave from my country as a part of 3rd world country, I don't think 1 Bitcoin would be enough to live for a year as you will still adjust from the new environment and doesn't have any idea to budget your funds. In this case, selling would be better, and those funds you'd sell just use it to invest another like trying to build a small business or other alternate options such as real estate, etc. Since we're already involved in currencies and money so engaging in risky investment would be average for us, but still we need to gather knowledge before starting your own business. In my country, I think this would be impossible issue since Bitcoin is not that casually used by people or you won't hear them in our daily lives. So for sure government doesn't have their attention as they focused on other issues of the country.

There's still fear involved if your are doing investment cause we're still not sure about Bitcoin's outcome since it's volatile, plus some of the investors exit earlier than holding for a long time, due to they really prefer quick-profits. There's no actually wrong with that, since some would really need money as soon as possible so they prefer quick-profits so we could also consider it similarly to trading. Cause if we can observe, Bitcoin's is at 25K-30k+$ at the moment, if we were expecting profit if you invested at 20k$ then it's safe to say that you could already exit. But some really prefer to hold for that long and wait for the bull run. Still I prefer long term investment, as you could avoid being emotionally and mentally pressured and drained like trading, especially with the DCA method where you can consistently invest in a price and day you set.

Gifting someone could be appreciated if you gave them the idea and information about certain gifts you gave. For example, you gifted your girlfriend on your anniversary a bracelet, of course, she might expected something much more special, but once you told her that it has a sentimental value that is special to you and you gifted it to her, it would meant special to her. Now let's get back to the topic of the wedding, you gifted your wife Bitcoin, of course, she might not have any idea about it, but knowing the intention as well the information about it, it's like you are thinking for her financial freedom in the future. She would appreciate it and would be thankful. It's actually true that it really depends on the person, so I suggest talking it out first and knowing your loved one's preference for gifts. Because for sure you still have time to prepare for that before the wedding.

Nowadays, you can build your own business from scratch, especially with the help of the internet, as we can observe from the examples you have mentioned are mostly involved online. Not only do you need skills but also knowledge cause you might have the skills for business but if you don't have any idea about the information such as planning, for sure it would be a waste. If you don't have the skill and knowledge yet, you could search for what you prefer like baking donuts, building or fixing a personal computer, etc.

But many people are also doing this kind of thing, so before you start you would really need to plan things out, like who is your target customer. What is your target location? if you are teaching and it's online like overseas students cause certain places are understaffed with teachers. It's alright if you have similar interests with anyone cause competition is also part of the business industry.

It's really easier to use digital currency in making transactions as you just need to be able to connect to the internet and then process the transactions, cause we know the hassle of bringing fiat money like the coins which is to heavy to carry. But I agree that if you are starting a business, then you accept BTC in making transactions, for sure it would be hard to process and cycle the capital, since BTC is volatile, if you do not take the capital from your sales, for sure you would lack funds for providing the needs of your business such as restocking your foods, shirts and etc., as you only hold the Bitcoin. Imagine Elon Musk, that are capable to run a company related to spaceships and technologies, but still gave up using digital currencies since they are too volatile causing money to get liquidated.


Well, in my country, there are few people that accept Bitcoin or crypto in making transactions since it's not that widely spread yet, but if the government plans to take action and put taxes in it, for sure they would have a hard time cause back then, even a P2P game Axie, they did not succeed on putting taxes on it. They could only ban it or put an alternate digital currency such as the popular in the Philippines which is what we called Gcash similarly to Paypal.

Same thought after reading the thread, Bitcoin was made for alternative currency and for people to be free financially, we all can observed that by just simply knowing it's a decentralized. But comparing it to Jesus is like too much, it's still a religion that people respect so no need to worship Bitcoin, if you are religious people you know that worshipping a money is considered as a sin.

Bitcoin just exist that could help a lot of people "financially" but overall it doesn't apply to any problems we're facing, as a person, the society and a country. Cause if Bitcoin is like godsent it could already eliminate some poverty shts that a country experiencing for a long time.

I'm from Philippines and if I have 1 Bitcoin, for sure I would buy a house and lot first, so in the future I could secure myself and as well my family as they do not need to worry about their shelter. Also I could open it for rental if I want to so I can have passive income. Buying a car is also good, if you are always travelling like for business. I think it's really better to use 1 BTC at investment first, cause for sure that amount wouldn't last long here as most of the goods are affected by the inflation. Farm would be good, if its rice, or animals, it would really take time. This picture is from Agora market and updated just this month of October. Maybe that 1 BTC would only last years.

Buying luxury could be used as an investment as well, such as watch, cars and etc., where they increased their value depends on the rarity plus for how long the product exist like it's from 19s. It would literally depends on their lifespan, because if we compare it into iPhone where phones could last for 2-3 years depends on the person's caution. This would only differs on the person's preference on investing, because we all know that Bitcoin is not the only thing that you could stake your money to invest, as there's a lot of variety of options. Bitcoin has the potential to grow for a long term, it's already given that's why people are accumulating and holding it for aiming to profit huge. But some people are not that patient with Bitcoin as they really need to earn quick, that's why some would do trading, other investment such as business, and etc.