Great to see this OP! You didn't spend a whole lot, more like the value of a burger or something, but the investment has to start somewhere.

I hope your first buy brings you joy and becomes something you remember for a long time as the day you've got into the world of decentralized money.

My advice for you at the start of your journey is to curb your expectations and not check the price every day.

Nobody does the calculation for a single roll, but I guess what OP is trying to say is that people who know the theory know what to expect from their game and don't come crying to ask "what happened to my money?" after a loss.
Knowing the theory allows you to at least know if someone's advice is good or completely useless. Know that a casino makes money from your wins and losses and you're never doubling your money when you win. Understand that some strategies like martingale look good in theory but when you do the math you know they suck because after 20 losses if you finally get a win you're not back to your starting money. The game doesn't reset, but you've lost money.

I think it's a waste of time. I never do it because the odds are against you.

There's a guy in my neighborhood who spends a lot of money on the lottery each month. 500 EUR or even more and he never won anything above 2k eur.
He lost a lot of money playing this but is addicted and has nothing going on in his life, no family and so on, so he just works, pays the bills and wastes whatever money's left on the lottery. 

I have a comparable strategy. At 50k+ I was only spending everything, but doing it slow to benefit from possible long term bull market and 100 thousand dollars.

When we came below 30 thousand I started to accumulate slow, doing some DCA with the money I had on my exchange accounts.

When we went below the psychological level of 20 thousand I said to myself that I'm not throwing away bitcoin this cheap. I went into heavy, constant DCA using only the money that I need to pay the bills every month and spending all the rest on bitcoin.

I don't care what the whales are doing. There's a reason why the time we're in is called the accumulation phase.
The time to sell was in distribution. If you managed that you made some money.

People who say they gamble for fun, meaning they don't care if they win or lose are lying. We all play to win, and as OP stated the difference is in how much we really need this win.
Those who put a lot of money on the line, take big risks even though they don't have any backup plan will act like they don't care after a loss, but they do. They'll never gamble for fun. It's a survival game for them with a sprinkle of addiction on top

The way I see it you can't really have a lot of fun playing dice. It's a boring game of pressing a button and hoping for a green transaction to come up on your feed. There are some games you can play for fun like card games or real craps where you really roll but again you have to be aware of the money you're putting at stake, be ready for a loss and treat a win like something unexpected.

The discussion looks heated.

I wouldn't choose an electric car.

Some of you said that they're cheaper in refueling which makes you recoup some of the cost over time but I prefer to hold money in my pocket.
I'd rather spend 10 thousand dollars on a car than 20 with the promise that I'll get 10 back in the next few years.

My friend has an electric car, a Nissan. It directs you to a nearest station for charging. You come there and both spots are taken and have to go somewhere else or wait god knows how long.

You can't leave your car overnight at a charging station. I live in an apartment building with outside parking lot and can't charge my car from my outlet. I'd have to go to a charging spot every day and wait for it to finish before parking my car for the night.

With or without tax? You're lucky if you get 1k EUR net wage in some EUR countries. I've been working in Germany for a long time and if you're doing a government job like if you're an office clerk you're going to get 2k EUR, that's it. The minimum is 1600 and almost half of people in every country gets the minimum.


That's a socialist idea. On a free market you can ask whatever price you want. It's not up to the government to tell me how much I can charge for rent.

Good to see people like OP are able to manage their addiction. Responsibility is the key. You either can gamble or you can't and these tools are there to help you. For addicted gamblers the best way would be to stop completely through self exclusion, but if that's not en option responsible gambling is probably the next best thing.

Many casinos have this option but not all of them. It's getting more popular, which is good.
I manage without having to use these, but I mainly bet on sports. Traditional fast-paced games like dice and slots are the ones that can benefit from this the most because people get into trance playing and they feel like they have to continue because next round could be a big win.

I've read about Nigeria and it's an interesting case.

Their government saw an opportunity to launch their own CBDC probably after some lobbysts from the World Economic Forum wanted to make their country a test site for their population control.
They did exactly what the WEC plan was for the world: banned bitcoin and tried to substitute it with their centralized shitcoin but guess what, people opposed this. They were still using bitcoin despite the ban and refused to support a CBDC, so the government lifted the ban and decided not to launch a shitcoin.

I hope Nigeria works as an example for the rest of the world. Beware though, the battle has just begun. They centralized shitcoiners won't go down that easy.

Because PoS is making money out of thin air. It doesn't require any money to be poured into it. It produces money with no value, inflationary money, diluting the supply in the process, just like ETH is doing.

I guess all those US mining companies that went bankrupt weren't really that big because bitcoin's hash rate is still 25% higher than it was in the peak of 2021.

Fear mongers want us to panic because the price went down 75%, one scam exchange went bankrupt and some miners in the US had to shut down due to Winter power shortages, but in the meantime the number of wallets containing 1 bitcoin is at all time high and hash rate is higher than it was at the all time high and 2 times what it was in the middle of 2021.

What carbon taxes are they going to impose on nuclear power? It doesn't produce any carbon and there are hundreds of nuclear power plants operating worldwide. In fact, China is trying to make more as we speak.

Also, he's talking about "crypto". Bitcoin is not crypto, I hate when people are putting all coins in one basket even though they're often like apples and oranges.

I think that he's completely wrong about cryptocurrencies. Their benefits greatly outnumber the cost of using them, so even with some countries going all renewable there are going to be countries that say fuck that, we're building more nuclear plants or fuck that' we're going to keep using coal as long as we have it. Once we run out, then we'll go green.

I don't see India or China going green. Russia also doesn't care. The biggest countries talking about renewables are actually those that don't produce a lot of CO2. Those that produce the most don't care. As a result you'll have countries like Germany taxing people to build more wind mills and they'll reduce total emissions in the EU from 9% of the global emissions to 8% or something while China alone produces about 30%.

You're not making any big predictions because it can't be as bad as it was since Bitcoin lost more than 70% from it's all time high and the maximums are around 80% which is not only a rule for bitcoin but also stocks. Amazon lost about that number when it crashed. 70-80% is normal for volatile stocks.

I think this year can easily be the worst in history because the price kept going down without any bounces. When you look at weekly candles there's nothing good. In 2018 you had that crash from 20 to 10 thousand and it went back up to 17 then again crashed to 5 and went back up to 11 crashed back to 5 went back up to 10 and so on. This time when it crashed from 50 thousand it went straight down to 17 and then nothing, no returns to retest the 30 thousand, just another crash to 14.

IMO it's bad and feels like we aren't in control, the exchanges are.

Previously he almost had a fight with Garcia in a club where he allegedly grabbed and threatened him. Now there's this news of an arrest for domestic violence.

You can see the guy is weak mentally, there's too much pressure on him before the fight and he makes this dumb moves. Even if they let him out before the fight, sitting in jail for a day or two when you should be eating good and working out is really bad for any fighter.

Like you've said there's a chance it gets cancelled and if it doesn't, I'll be betting on Garcia.

Most likely based on "on-chain betting system". You can google it to learn more.

In short, it works like decentralized exchanges. Once you get into a contract, in this case make a bet, the transaction is made when the bet is settled. So you don't have to deposit anything on their platform. It's better than traditional gambling because you can bet whatever you want at any moment. If you find yourself being short on funds you don't have to wait for your deposit to arrive.

The bad part of this is that now compulsive gamblers can drain their wallets to 0 if they choose to, but before that they were able to do the same just with a bit more hassle.

My friends were testing this AI a lot. There's even videos circulating around the internet where people are asking it how to destroy bitcoin and if the price will go to 0. The answers are well balance, that's for sure.

The answer about alcohol and being sober is something people were saying for years which makes me think the AI looks for the opinions that are most popular and puts them together to create that mashup of pros and cons for every vast topic.


Or, like you, they will prefer to comment on the post itself, or the author of the post, or people who post in this thread instead of being on topic.

If you think this is a spam thread - report it.
If you think someone here is a spammer, report his post.

You wrote a whole rant about spam threads actually adding to the number of post in it, instead of ignoring it and contributing somewhere where that contribution would really matter.

We can all see who the author is

Don't make a mistake thinking that people who post here a few times during the day are here all the time.

I often read the forum and then go to do something else and come back after a few hours, write a post or two and I'm out to do something else. Coming here twice a day to see what's up can't really go into spending days here. It's true that I'm here almost every day but if we were to count the time I spend reading and writing it's maybe an hour each day, sometimes even less.

Being here every day doesn't mean spending days here and I like to check the forum while I'm listening to music or having a drink. Then I'm off to do my chores.

Great advice here. If only people were doing that and cleared their minds of all that buzz, all that noise that media generate.

For people who have their jobs, families, hobbies and are trying to invest a bit: You guys don't have enough free time to watch your portfolios! You should not try to buy numerous coins because you will not have enough time to watch their progress (or regress as most of them turn into nothing over time). You won't have time to wait for that right moment to sell at the pump.

You should buy the most stable thing in the ecosystem which is bitcoin and hold until you feel good about realizing your goals.

No, OP said it in the first post that the money belonged to the apprentice. In this case it's clear and simple - the boss has nothing to do with the win and he should not get anything from it.
Maybe if I was friends with him I'd give him a tip, buy him a gift or treat him to a meal, but I wouldn't share the win and by law I wouldn't have to.

The first situation is much more difficult as the money was borrowed. Technically the man shouldn't share the win because the girlfriend wasn't even there when he gambled and they had no written agreement before he went gambling.
Being in this situation I'd give her a bonus like return 2 times the borrowed money as a thank you. I'd say she brought me luck. He didn't give her anything and that made her angry.

To be honest, they won't ask. I rather not talk about it with family because they may want me to help them invest or invest for them and I don't want to be responsible for their money and life choices.

They know I'm into bitcoin and they know I won't be their portfolio manager so that's settled.

Fortunately they did not ask me about FTX and all this drama but if they would I'd be honest with them. There are scammers in the fiat world and there are scammers in crypto and this has nothing to do with blockchain and the way bitcoin helps you be your own bank. Scammers go down and 10 years from now nobody is going to talk about some young scammer who got 20 years in jail.

Also, 10 years from now people will be worrying if bitcoin manages to hold the lows of 200 thousand dollars or fall lower in the bear market

I don't know why so many people are into this 13-14 thousand level.
There's almost as many of you as those who a few months ago were saying that the bottom will be at 20000 and maybe we'll briefly go below to 19 but that's it.

The problem with such levels are always the same that if there's a lot of people waiting for a level to be touched it usually never is and when the majority thinks it won't then it is.

Most people thought that 3000 was not the bottom in 2019 and that we will go between 1 and 2 before recovering. We never did.
When we went to 14000 in 2019 people were sure the new bull market has begun but the rally ended and we went back to 5 which was a huge crash, bigger than what Luna and FTX caused this year.
Nobody expected the covid crash to take us to 3k in 2020 but it happened...

You have to realize that the market doesn't follow lines in the sand. It goes its own way.
For the crash to 14 to happen a lot of current holders have to sell. Something has to make them sell. If you bought for 15-17 thousand knowing this could be a good time to invest because the chance of recovering back above 20 is enormous, would you sell in panic now to maybe be able to buy back at 14 if you catch the low point? Most people wouldn't.

Bull markets don't start because a number was hit but when all the panic sellers are out and the confidence shifts.