You forgot one important part: disposable funds on these kinds of events. If you don’t have funds at the ready during those crashes to buy the dips, I am not sure how well would you fare in the market even if you have those two things that you mentioned. Sure you can have balls of steel to hold, or have the resolve to buy cryptos when they crash, but what about the funds when that you will use to enter the market?

I know it’s pretty obvious, but I believe that a huge number of people already have these two traits. It’s just that the funds part of the equation isn’t there yet.

Bitcoin already fulfills the transfer of value quite nicely, that I don’t think other crypto can do atm. Gold, perhaps, but not in the way that bitcoin does it. Imagine sending millions in a single transaction which only costs a few dollars at most, while being secure and hassle-free. No identification, no complicated processes involved, and most importantly, no middleman that can potentially be a vector of attack. It will take a long time before some other asset class outperforms bitcoin in this field, though right now there are no strong contenders.

What kind of platform are you exactly looking at? There are tons of established crypto casino already and to compete, you must have some hell of a platform that offers lots of generous bonuses and a robust security system in order for your players and patrons to feel safe. You can also setup a sports book and there are less competitors, though the licenses together with the connection you need to have in order to get your lines ready will be a lot of work. Programmers who will do the dirty work of setting everything up is easy. You just have to have the connections, the money, the time, and the unique idea in order to establish that platform of yours.

No country is ready to accept bitcoin as its main payment system, not unless the country is extremely small that it's as if you're just living in one single community and have rich resources which you can use to trade with other countries. But at the least, though, El Salvador showed us how it's done: buying the dip. They already have a great amount of coins at their disposal, and they can still search for other uses on the coins that they bought if the price continued to tank.

Not sure if other countries can follow suit with what El Salvador did, but it give it time and see if the country survives and let them be our lab rat to check if using bitcoin as legal tender is viable or not.

To a certain extent, I think that is the right way to do it, although if ever you need the money, why would you restrict yourself so bad into holding it all if you could get some from it? Trading bitcoin to your local currency whenever you need it is not a crime, and can even save you from getting yourself in debt. The decision would always be yours, but it’s not a crime to sell some in order to gain some when it comes to bitcoin.

It’s amazing that El Salvador still continued on buying more bitcoins during the dip that occurred. It’s as if they are just your normal traders trying to get more for their stash and not caring about the future of their economy should their investment failed. At this rate, there will be a lot of bad actors and entities with malicious intent that will try to manipulate the price of bitcoin to make a statement, and perhaps a warning to others, that bitcoin is still not good as an investment but El Salvador will just continue to shrug it off.

Hats off to their administration for not really giving an f about the crash and still believes that bitcoin is something that they should focus on if they want to help their people.

Didn’t El Salvador themselves sold some bitcoins after the launch of the said cryptocurrency as its legal tender? Either that or some other entities outside of El Salvador just decided to sell most of their holdings during those times in order to create confusion and mass panic on those whom vested their interest on the progress of what’s happening in El Salvador.

It’s not only bitcoin that has been affected by the recent decline, so it’s probably just whales waiting for the opportune moment to dump what they have and re-buy once the panic has been instilled on the market.

Crypto on twitter will always be trending no matter what given the amount of bots using those hashtags on almost every tweet, and then retweeting the same post with the same hashtags until it trends. There’s really no reason for bitcoin being trending on twitter on the 6th of September, although if we are speaking about it today and yesterday, a lot of things happened that caused the brief crash on price, not only on bitcoin but also on other coins as well.

ETH being bullish while bitcoin moves sideways does not mean that the former is taking over the latter. True that a lot of eyes are on ETH now, but bitcoin still holds the largest marketcap out of all cryptocurrencies, and a lot of big names, governments, and entities prefer bitcoin over ETH.

Even though that's the case, I'm still happy that ETH performs the way it does right now as it certainly gives some recognition on the altcoin.

I never bought any hardware wallets, nor went the extra mile into safekeeping my coins. I'm still using the same device I had back in 2015 as my bitcoin storage, and it rarely connects to the internet, only on occasions wherein I need an extra machine on something I work on. I never had any problems in terms of my wallet security, nor were there any instances of viruses infecting my computer. If you are careful enough with how you use your machines that store your keys, I don't think hacks will even be your problem.

For huge platforms such as exchanges and gambling sites, their security systems can only protect so much. No system is 100% safe, and there exists an attack vector for sure waiting to be exploited, which causes hacks, data leaks, and whatnot.

I'm surprised that it took this long before they pleaded guilty. It was obvious from the get go that they weren't really doing some sort of service that will help the people, and their business model really resembled a ponzi scheme but no one believed since they are getting paid.

The next question is, would they even reimburse those who joined Bitconnect? Or are those funds forever lost? If the funds are lost, then there's still someone out there who has this. $2 billion is not a small change, and authorities need to get that amount and try to bring it back to the investors in any case.

My account was closed in 2018 because I sent and received funds from a gambling platform TWICE. I even went to their main office and asked why they were so quick to close my account and what will happen to my balance (which isn't even that huge. They just said that they are prohibiting any such activities on their wallets related to gambling. There were no communications on the changes back then, they simply just closed my account without any clear explanation on the email, which prompted me to go to their office and still lose the account.

It's good that they are now open on these small details unlike my case back in 2018. Online gambling is still heavily frowned upon by the PH government, so I'm not really surprised if coins.ph follows these strict regulations. They already are an established platform and they just don't want to risk their status by allowing a few gamblers to use their site on sending and receiving funds from sources which the PH government deems illegal at this point.

Given that all banks that hold Afghanistan’s wealth refuses to acknowledge the Taliban’s claim on the stash, they might turn into cryptocurrencies for the mean time in order to help them get by. It is, in part helping the terrorists by providing them a currency and an avenue wherein they can transact with people across their border without being discriminated nor ignored because of their political leanings and beliefs. Even though that’s the case, I don’t think the Talibans would have it easy given that their resources are getting spread thin day by day and they’d be needing that billions in the banks any time soon.

It isn’t even necessary to purchase a whole bitcoin when the price is that high. Every bit counts by then, and for sure bitcoin is already an established currency that everyone can and will accept. They can ask for payment in bitcoins if it is allowed, just like what other people are doing right now. Or you can try to allocate a portion of your salary to bitcoin no matter how small that amount is.

The thing is, bitcoin will keep on getting price hikes all the while the poor hesitates to buy. It’s about taking risks and turning them into opportunities which a lot of people do not even dare try to do. Most are affixed to the belief that bitcoin is a get-rich-quick scheme and do not try to factor in the possibilities that there will be losses and bad days. It’s no different than other investments honestly, if we are talking about investing.

I don't think people in Afghanistan may even access the internet now that the capital and the whole country is controlled by the Taliban. It would be difficult for them to get hold of bitcoins too, considering that most countries bordering them would probably just pretend to be deaf and blind about the country's current situation, and would not dare accommodate any requests from the people of Afghanistan. I don't know what plans the Taliban has for the country, but from an economic standpoint, I don't think they have it covered, or have any working plans on their mind as of this very moment.

Well, if they have the connections, they would surely get hooked into gambling. While not all athletes are earning a handsome amount from what they do, a lot of them are still tempted to make a fortune off of gambling because they think they know it so well. Though one thing's for sure, these athletes are not much different from normal folks getting addicted to gambling. It all started as a form of entertainment to us, until such time that they become addicted to it and kept on chasing their losses and bam, the next thing they know is that they are already heavily in debt.

There is no right or wrong play in here given that what you observed isn’t a regular occurrence. Personally what I will do is to just hold altcoins on an amount I am comfortable with, and the rest goes to bitcoin. That’s what I’m currently doing, and is so far doing good in terms of gains and shared risk. You can never correctly predict and time the market, hence why it’s always best to spread your investments across different coins in order to minimize the risks that you might be taking on the volatility of crypto.

If they are in it for the thrill and helping out the platforms that they are hacking. There’s really no incentive for them in returning such a huge amount IMO, except if they just really want out to point some vulnerabilities and are doing the hacks in good nature and education to the platform owners. Good thing they returned that kind of sum, because if other people did that, that $600m will be gone in no time without a trace.

Overly optimistic to borderline delusional IMO, though still not impossible if ever massive inflation is to hit the world markets. Fidelity is known to give otherworldly predictions, so I’d say just let them be. Currently, bitcoin sits @ $49k a piece, when in fact just a decade ago it isn’t even worth a dollar. They could most probably be wrong on their predictions, but I can’t really tell that they are crazy or out of their minds because no one predicted that we will be where we’re at right now 10 years back.

People don’t care about crypto at this time of the pandemic. All they want is someone who will sway them into believing that there is still hope in politics. While there may be some groups of people wanting to get their crypto voices heard on politics, the majority’s interest isn’t really resting on cryptocurrencies alone. Take for example, Andrew Yang. The dude is obviously a pro-crypto politician with democratic leanings and an overall favorite to win, but still ended up losing badly.

I’d like to see what else Curtis Sliwa has to offer to New York. The city is plagued with crimes and unemployment, and I don’t think marketing himself as another crypto dude without tackling about the main issues of the city will help his political run.