For the betterment of your security, it is advisable that you allocate your resources in multiple investment tools that are available now. Acquiring property, purchasing stocks and bank deposits, investing into gold or even saving money are one of the conventional ways of securing your money in the future.
When we talk about cryptocurrencies in general, its highly volatile price deter most investors into saving it for long-term. Some investors utilize cryptocurrencies for short-term investments while other use it in trading.
In the long run, no one really knows about the future of cryptocurrencies. However, the potential of the blockchain technology has not been uncovered yet. There are still developments that are soon to be published and discovered by experts and these have the tendency to change the future of our transactions. If bitcoin were to survive in the inevitable future of change, then expect its prices to skyrocket.

TLDR: if you have the sufficient resources, then might as well risk it for the biscuit! High-risks are the ones that have high-reward.

Before I answer your question, let us breakdown first the six (6) type of gamblers, as was mentioned in the link that I will provide below:

• 1. Professional Gamblers;
• 2. Antisocial Personality Gamblers;
• 3. Casual Social Gamblers;
• 4. Serious Social Gamblers;
• 5. Relief and Escape gamblers; and
• 6. Compulsive-Pathological Gamblers.

First, professional gamblers are individuals who view gambling as their profession (as the name suggests). Most of these individuals claim that they do not have gambling addiction and they posses the necessary skills and techniques for them to increase their chances of winning every game. The skills that they use involve using statistics, probability, and math.
Second, antisocial personality gamblers are individuals who gamble illegally. Not to mention, most people who fall in this category have a history of behavioral conduct.
Third, casual social gamblers are gamblers who gamble from time-to-time, primarily view this activity as a form of leisure and entertainment. They gamble infrequently and include gambling as one of their hobbies.
Fourth, serious social gamblers consider gambling as their main hobby and form of entertainment. Although they have self-control, these type of gamblers mainly succumb to addiction and develop detrimental effects in the long run.
Fifth, Relief and Escape gamblers are individuals who view gambling as a scapegoat in reality. These individuals suffer from depression, anxiety, traumatic events and in their perspective gambling helps them cope the unfair treatment of reality.
Lastly, compulsive-pathological gambling are the individuals who have already succumbed to the depths of gambling addiction. These are the people who are willing to risk everything just to win. Their decision making is blurred by the fact that gambling revolves around their lives.

In adherence to these types, gambling can both be a waste of time and money depending on which type of gambler you are. If you think that you can control your actions and prevent from being addicted, then gambling can be a form of entertainment that might fill your needs. But if you feel like you are weak-willed, easily swayed by the decisions of others, then I believe it is better that you deviate from this act and seek various entertainments instead.

Link: https://www.highspeedtraining.co.uk/hub/types-of-gambling-addiction/

It depends on the status of cryptocurrencies in the market. In general, whenever the prices of bitcoin increase/decrease, the effect on the prices of altcoin is inversely related to bitcoin. But this is not always the case especially on some altcoins that are predominantly established and well-known in the market. The burden of checking their prices will be transferred to the investor in order to maximize profits and to prevent incurring losses.


Although there was a significant decline of their prices, I do not think that bitcoin price would fall lower than $6,000 since its price depends on mining. Everytime its price decreases to below $6,000, expect for its price to rise eventually.

On the article that I read (link is below), it is estimated that by the year 2140 all bitcoins will be mined out. Although it may sound that bitcoin will have its inevitable death, that will not be the case. If all bitcoins are mined out, then the price will increase and mining fees would increase as time passes by. Not to mention, bitcoin protocol also provides transaction fees which will be utilized by most miners.
Do note that what determines the price of bitcoin is the law of demand and supply. Assuming that all have been mined out, then expect the prices to skyrocket in the market, which will be an opportunity for most people who hoard or keep their coins safely in their wallet.

Link: https://99bitcoins.com/what-will-happen-when-all-bitcoins-are-mined/

Most businesses start with a small initial capital in order to reduce the risk of losing large amounts of money. Your burden, as a businessman, is to research the market, conduct surveys around the community, make detailed plans and setting your goals in order to have a competitive advantage against your competitors. With it comes to investing into cryptocurrency, unlike the conventional business outline, it is essential that you are updated to current events and news circulating around the world especially in the fiscal aspect so you could monitor movement of the prices on a constant basis.

I find it fallacious when you compared addiction in gambling to other types of addiction (specifically work) as they are different in nature. When we deal about gambling, everything revolves around luck. As its name and definition, you gamble (which may include some techniques and skill) but what determines the winner will revolve around the odds. Even if an individual possesses or knows every probability formula or math techniques, if the odds are against him then there is nothing that he cannot do. But what separates gamblers who possess such skill may increase their chances of winning.

As I have stated in various threads before, there is no winner in gambling WHEN an individual succumbs to addiction. It will only create an endless cycle of gambling where most people fail and fell in their lives.

I have my reservations about the price of bitcoin reaching a million dollars anytime soon. It is possible but the chances of it happening are very slim due to various factors, such as the industry itself, the nature of bitcoin, its status and legalization among countries and the possible implications of implementing it as a standard use for currency. What separates cryptocurrencies from conventional currencies is its component- which they solely exist digitally. Unlike gold and fiatwhich are made from materials such as precious metals and paper, cryptocurrencies has no innate value.

When we talk about its price on the market, what primarily determines its price is the law of demand and supply in the market. Investors acquire cryptocurrencies and sell them on a value higher from what they acquired initially- which explains its high volatility.
To give you an actual example, last year around December 2017, the price skyrocketed and reached a value of almost $20,000 but it quickly submerged down to $15,000 and ultimately to $6,000-$7,000. I doubt that bitcoin would reach a million dollars but I am keeping my hopes up once it reaches a value that is higher from what I acquired them initially for easy profit!

I do not believe so that bitcoin would be the currency of a State for various reasons.
First, cryptocurrencies are regarded by most countries as 'unstable' due to its high volatility in the market. Without having any material or tangible form, relying on digital data or gold seems doubtful for most countries. Unlike GOLD which is tangible and has an innate value due to its natural form, bitcoin has neither.
Second, a country will only shift to a digitalized form of currency if other countries would accept transactions coming out from it. If most countries deny its existence by implementing rules that are prejudicial, then who would adapt it as their currency?
Lastly, some underdeveloped and developing countries have limited access to the internet, which makes it difficult for access to cryptocurrencies (as they exist in the internet!).

Although it may seem impossible for a country to make cryptocurrency as its means of exchange, maybe in the future once technology will embrace change on this aspect then expect bitcoin to be there at the top.

The reason on why most individuals invest their resources on different tools can be primarily driven by profit. Bitcoin, to be specific, can be observed as an opportunity to yield high amounts of profit in a relatively short amount of time compared to the present investment mechanisms. Now, it is the burden of the investor in knowing when to acquire cryptocurrencies. Ideally, you would want to purchase them at a 'low price' so you could garner profit in the long-run by selling them once their price skyrockets. But again, that is the ideal situation.


People believing in such future can be a future threat to the price of bitcoin. Since they base their decision in the hopes of its price increasing in the market, once it shows fluctuations in price (due to its volatility), people might actually lose hope. Although there may be many factors that drive the price of cryptocurrencies in the market, saying that the main factor revolves around the 'HOPE' of people may be construed as a wrong sense of thinking.

Well it depends on the individuals who have most of the bitcoins in the market. Generally when prices of bitcoins are down in the market, the initial move of people are to panic-sell their bitcoins. Instead of taking it as an opportunity to acquire more, they opt to sell their coins without knowing the reason behind its decrease on the market. To answer your question, almost everyone would be affected if the price decreases and if it continues to decrease in the long-run, chances are that most would sell and shift their interest towards a new set of coin in the cryptocurrency market.


It depends on how people see the phenomenon. Some would take it as an opportunity to acquire more while others view it as a chance to sell most of their coins to lower their losses. But it will only boil down on how individuals would do their research behind the event that led to its downfall in the market. If it continues then expect it to slowly become obsolete.

Well considering on a business perspective, accepting bitcoin as a payment is definitely risk with its volatile value. Not to mention the transaction speed, business owners are at a double-edged sword if they accept bitcoin as an alternative payment. But on the other hand, if everyone in the industry starts to accept it as a means of payment, it would encourage more business owners to utilize such and influence the government to support this payment which eventually would be beneficial to both parties.

The only hindrance that I would see is the implementation of the said system and incorporate it on the industry. Not to mention, not everyone has bitcoin on their hands which also contributes to this problem.

Well the reason mainly stems from individuals who are profit-oriented when it comes to the actual practice, rather than being goal-oriented at the same time. When people discover a new method when it comes to earning alternative income, they would not bother even to know the basics as they would likely do the process right away instead of learning everything from scratch. Nowadays with our technological advancement growing each year, people tend to be lazy and look for measures that would earn them instant cash.

The funny thing is, most individuals who invested into bitcoin are also the ones who are not knowledgeable about its processes. After some time when they observe that prices fall, they are the first to cause uproar in social media and scatter news that "bitcoin is dead" etc.

With respect to campaigns in general, most bounty campaigns accept members despite having a negative trust. Even if someone is tagged with a negative trust, it is still the prerogative of the company to impose rules regarding the members they should accept. But in order to preserve the integrity of their profile, it is highly advisable that they should not accept any member with a red-trust.

Like what has been mentioned, the purpose of campaign signatures is for advertisement. If you see someone that has a red-trust which promotes the said company by using the signature, it gives this implication about the reputation of the company- which may ultimately affect the decisions of people into investing in their ICOs.

People tend to compliment bitcoin as they treat it as a revolutionary innovation in the transaction of payments. What most fail to realize is the platform behind its invention, which is the blockchain technology. Before you compliment bitcoin, the blockchain made it possible for the creation of it due to its unprecedented security of payments which is being protected by a network of computers. Bitcoin, on the other hand, was made possible due to this platform that serve it as a gateway for the transactions of individuals.
The blockchain is the reason on why we have digital assets (such as cryptocurrencies) and without that ledger, I doubt that we'll be able to see bitcoin in action.


Bitcoin is indeed a marvelous creation but you need to give it to the platform that powers and bridges transactions- which is the blockchain. Don't you see the potential that it has created? It removes the need for intermediaries into handling our transactions since all revolves around TRUST between the people and the government. But with the blockchain, no one can tamper or alter any data due to its protection.

Since the creation of alternate coins (altcoins) were based on bitcoin itself (which was the first cryptocurrency ever), some altcoins have this direct-proportional relationship with its market value with bitcoin. If a country prohibits the utilization and use of bitcoin, this implies that altcoins would soon follow the trend and eventually lose its value slowly. Although this happens frequently in the market, some altcoins have their established values which are separated from the events happening in bitcoin (i.e. Ethereum).


Most of the time it happens but there are some altcoins that show green positive remarks despite bitcoin falling down in the market. I think that the reason on why that happened is due to some prohibitions made to bitcoin that resulted to some investors shifting their interest towards another coin.

Let me provide you a timeline about the evolution of money:

Year 10,000 - 3,000 BCE
On this year, people utilized barter exchange wherein they exchange products from people. This was very difficult to maintain as no established value has been set to each commodity, thus making trades relatively unfair to some individuals;

From 7,000 BCE
Cuneiform tablets were published and it has been used as a tool for records and trades among individuals on that year;

600 -1,100 BCE
Gold and silver coins were introduced. This was the first form of currency wherein there has been an established set of value and amount since most of the coins have their innate value (made from precious metals and materials);

Year 1,100 - onwards
Countries utilized paper money as a standard unit of currency for uniformity and established value. The implication is that, there would have been a standard set of currency that would regulate and utilized in order to prevent inflation from happening. Currently, we use our currency to purchase goods/services and the value is dependent upon the gold reserve the country has; and finally

Year 2,000 onwards
The presence of digital money/cryptocurrency is slowly shifting towards the digital age. People are now using credit cards in order to purchase goods online and with the creation of bitcoin (the first ever cryptocurrency), this gave birth to the potential shift of conventional paper money to digitalize currencies once countries would accept its legalization and usage.

I personally believe that the world will slowly transcend and shift towards the digital age wherein individuals would use digital money in order to purchase goods. What made me believe on this idealism is the blockchain technology.

Source: How Money Works: The Facts Visually Explained

Sounds good on paper but very difficult to not expect anything. Well from the name itself "GAMBLING" means you are risking something in proportion to the rewards relative to what you risked for. Sure, if you have enough resources to gamble money PURELY because of entertainment, then why the heck not? The problem lies on individuals who see gambling as an avenue that can solve their financial struggles and issues. When that happens, expect them to get addicted and their mentality would be clouded, thinking that they might recover what they lost and win in order to pay their current obligations.

Again, this creates an endless cycle between the individual and the casino due to the mentality of losing and hoping that they could recover their losses by BETTING again.


Like what I mentioned, the problem will only occur if people see gambling as a gateway to pay-off their obligations or to earn alternative income. Compared to people who primarily use it for entertainment, expect them to have self-discipline and control whenever they bet their money.

The reason on why the market value of bitcoin significantly skyrocketed was due to the hype caused by media, influence and other investors who made their comments and discussions. This sprung out a plethora of new investors who aimed to at least experience the similar situation back in 2009, when investors purchased the first bitcoin and patiently waited until its price increased. When the price suddenly jumped to $20,000 last December 2017, people suddenly invested more and the market crashed when prohibitions were made by China and South Korea.
From then they stopped investing and sold most of their investments without knowing what the nature of bitcoin is.

I find it funny on how some people are stating that bitcoin is "falling" or "dying" in a few years since they are also the ones who mentioned that some should invest in bitcoin for long-term goals. Not to mention, most of them are investors who does not even know anything about bitcoin and its functions, they just followed the current with the hype and hoped for gains!


I strongly believe that bitcoin would be utilized as an alternative currency once countries adapt to its changes and implementations. What hinders from BTC growing are the government prohibitions, ICO bans and potential hacking of exchanges that ultimately affected and caused the disparity from countries in accepting its views.

You have to consider both in order to derive at an answer to your question:

Firstly, stock markets contain shares of stock where it represents an ownership to the company. It is also intangible and its value is also driven by the law of demand and supply. Recent events and news significantly affect its price as businesses and companies tend to base the value of their stocks depending on the market status. Stocks, in general, are governed by the government through the Securities and Exchange Commission (SEC) in order to prevent abuses from the company.

On the other hand, cryptocurrencies are digital assets that exist in the internet. They have no innate value as it is also intangible and what governs the price of it is also the law of demand and supply. Bitcoin, to be specific, has a significantly high amount of market value. Its volatility and anonymity factor are also one of its notable features on why people tend to utilize this type of currency. Personally, I find it coincidental that bitcoin was utilized to be an investment option due to its high-value and volatility.

If you are planning your investments, I suggest that you diversify and maximize the two (2) aforementioned investment tools for maximum profit and the reduction of risks. Although bitcoin can be regarded as a 'high-risk, high-return' type, there are also ways in order to minimize the risks involve. Stocks are typically focused into the long-term side of investment and you also need to be updated to current events to maximize your profits.

At the end, no one is better than the other one as they have their own share of advantages and disadvantages.

Well the implementation will depend upon the country that you are residing on as some countries are lenient with its taxation. What makes cryptocurrency difficult to tax is its lack of any regulation among the government or any organization. Unlike any conventional investment tools present, cryptocurrencies tend to deviate from this norm since what determines its value is law of demand and supply- which makes it very distinct from the other investment tools. Although the same LAW may be utilized, its limited supply and intangible nature makes it difficult to have a stable value.


I somewhat agree from what you have stated. My colleague visited the BSP and they asked about cryptocurrencies and its status in our country. Based from what the lawyers said, they see bitcoin as a property rather as a currency- therefore making it inapplicable to legal tender. There may be insufficient laws catering to the taxation of bitcoin but once the government sees its potential, expect further regulations.