The government was mandated in order to protect the general public and welfare of its citizens. Aside from protection, the government's role include developing infrastructures for the country, implementing rules and regulations, imposing tax for its expenditures and maintaining education as its top of its priority. Tax is a system wherein it is enforced upon the general public as a pecuniary contribution for government needs.

Although some countries have their negative experiences with the government, that issue must be set aside as it is irrelevant from the discussion. Whether we like it or not, we still need to be diligent into paying taxes.

Well regardless of what he explained, both bitcoin and bank investments share the same shoes as both are risky in nature. The difference will lie on the income, time, and security aspect. Bank investments, or otherwise called as notes, are investments wherein you let the bank borrow money (which involves a fiduciary relationship between the individual and the bank). After some time, they will pay you correspondingly with interest depending on the amount you let them borrowed.

As to acquiring bitcoin, usually, individuals tend to invest short-term due to its high volatility. What separates them is the collateral and security that banks offer from their customers. In bitcoin, they lack security and collateral but the yield is relatively higher compared to (which is the definition of 'high risk, high reward').


Regardless of what famous investors say about cryptocurrencies or bitcoin, we cannot escape the fact that the yields are larger compared to other investment tools currently. The choice depends upon the individual's preference but investing into bitcoin has the potential of turning your resources tenfolds depending on the market.

Traditional investors like Warren Buffet usually lays statements prejudicial to bitcoin's existence. Their ways are still inclined to the traditional way of investing, which is acquiring shares of stocks, purchasing gold, investing into bank notes, etc. What makes him say those statements are the lack of any regulation among cryptocurrencies in general. Although he may be against Bitcoin, he is not entirely wrong at all. Having to invest into something that lacks collateral or security is generally risky if you compare it to the other types of investment tools.


At some point, I even considered that he is just trolling everyone by influencing them not to invest into bitcoin. Not to mention, he may be even one of the whales that try to manipulate the prices. Well, that is just my opinion considering that he always mention that he hates bitcoin, which I think is very arguable.

Instead of choosing between them, why not invest into both?
Diversifying your investments reduces the chance of losing your resources while maximizing your profits at the same time. Both bitcoin and ethereum are on the top of the list as they show positive increases through the years. Many people have even considered investing into ethereum while the prices are still low.
Personally, I would treat my ethereum investments mainly for long-term and my bitcoin investments for short to mid-term investments due to its high volatility. We have to consider that bitcoin has been the hot topic among these years due to its price and decentralized nature.


I definitely agree. If you have the means of investing into both then take this as an opportunity to maximize your profits. Many people tend think that focusing solely into one investment mechanism would be the ideal situation but what they failed to notice is the opportunities they miss when they overlook this simple decision.

Assuming that majority of the individuals utilize bitcoin, the government would implement or create laws towards its regulation for proper collection of taxes even though its decentralization makes it difficult for them to regulate. Just to add, most people who have cryptocurrencies convert their coins into fiat- which I do not think poses a problem in the future. Another thing, there are various methods on how the government can collect tax for their proper expenditures. Lastly, if the majority really uses bitcoin as an alternative currency, the government will have no choice but to embrace its implementation and use it as a currency.


Most people that have cryptocurrencies still convert their resources into fiat- which taxation is enforceable. The economic impact of cryptocurrencies have benefitted mostly the general public into providing job opportunities. Some students view it also as a way of earning income which is more convenient than to do manual labour but it all boils down that what they earn is still converted back to fiat.

When we consider gambling and its positive effects, mainly it revolves around the economic aspect in the society. Facts stated that it provided job opportunities to individuals, yielded large amounts of revenue, and collected taxes which the government needs for expenditure. Again, economically speaking, gambling provides a win-win situation between an employee and the government.

Now when we consider its social impact to the society, gambling can be destructive mentally and socially. It can create various mental illnesses and problems like addiction, which can affect the well-being of an individual. With the generated income they received from casinos, the government now has the sole responsibility of addressing these issues to prevent any further damage. The problem will only persist once they do not implement laws/regulations catering to these individuals.

It is really sad to see people who make shit posts/threads are driven to the mindset of earning income, than to contributing to the forum. The whole purpose on why this forum was created was to provide support, discuss about news relevant to cryptocurrencies, give helpful tips about investing or trading, etc. but it has became a breeding ground for spammers and alternate accounts. Even if an individual's mindset is to earn profit in the first place, it has totally defeated the purpose of this forum due to their selfishness (as what you mentioned OP).


Due to the number of people who are profit-driven, they exhaust every means in order to earn sMerits. They thought that by creating threads like those, they can earn sMerits but subconsciously they do not realize that they are only contributing to the problem, than to address it directly.

I highly disagree. While bitcoin, to be specific, might be decentralized and highly volatile, we cannot escape the fact its investment opportunity in the market. Its high volatility makes it the perfect candidate for short to long term investments depending on the need of the investor. Its decentralized nature eliminates the need for a peer-to-peer transaction, which in return, provides convenience to the users involve. While there may be some negative implications (like what you mentioned) I believe that bitcoin outweighs the negative aspect due to its positive use and benefits in the society.


Bitcoin can be compared to a 'high-risk, high-reward' system. People should realize that investment revolves around the world 'risk' and there exist the chance of losing all of your investments in one go. Especially when we consider cryptocurrencies, the only lacking element is collateral and security, which other investment tools have.

First of all, there are a lot of methods involving trading and it depends on the time-frame of your investments or resources that you are willing to trade. Some traders utilize their investments by using day-trading and others trade via long-term. To answer your question, there is no literally a 'BEST DAY' to trade in cryptocurrencies as its high volatility makes it very difficult to predict. Another thing, if there exist such a day then everyone would be investing their cryptocurrencies. Check the market for its price and study the pumps and dumps.


This is too hypothetical and subjective. Wednesday can be anything as it depends on the market based on your understanding and observation. There is no particular day on when to trade but the general rule is to observe the market thoroughly to avoid and maximize your profits in the future.

This would depend primarily on the time when you invested the $10,000. Depending on the circumstances on the market, there are a lot of factors you need to consider when investing and not just carelessly investing without knowing anything.
In a volatile market, cryptocurrencies are generally the characters in the picture. Most investors treat their investments for short to mid-term depending on the price increase that happened. Lastly, cryptocurrencies cannot be predicted accurately compared to other investment mechanisms. You rely into many factors , especially news in different countries that is relevant to cryptocurrencies.


This is what happened when people acquired bitcoins when its price reached the $20,000 mark. People thought that it was the perfect time to invest as it showed continuous price increase- which ultimately resulted to a big loss now. Factors are needed to be considered before investing and being careless may result to unprecedented results.

Claiming that investing into cryptocurrencies would be a bad idea without providing any concrete proof or information to support your claim seems to be that you do not know what you are talking about. Generalizing that investing into cryptocurrencies would be a waste by basing it into your experience show on how fallacious your statements can be. If you are attempting to degrade the cryptocurrency in general by providing facts solely on your experience then your opinion does not show any validation or anything whatsoever.


I somehow agree but I take into consideration its high volatility in the market. If I want to focus into long-term investments, I usually diversify by splitting into multiple investment mechanisms and not just relying on bitcoin alone. I consider stocks as my long-term investment and bitcoin as my short to mid-term investment depending on the price change.

Just a speculation, I believe that they see cryptocurrencies as a 'threat' to the country's regulatory power. Being a decentralized currency means that no government department or institution can regulate its transactions. In the case of South Africa, they call it 'token' rather as a 'currency' but the function remains the same. People would utilize it as a form of currency (which eliminates the peer-to-peer transaction) and some would acquire more for investment purposes.

The popularity of bitcoin can be seen on its price and revolutionary platform technology. People would use bitcoin as an instrument of an investment since its volatility calls for short-term yielding of income with high returns. Funny thing is, most people that invest into cryptocurrencies are also individuals who are clueless about its background and nature. They seem to overlook its volatile function, which explains on why most of them are confused whenever the prices decrease.

Though I am someone who heavily disagrees on gambling, I cannot escape my past as a gambler. My whole experience taught me the values and discipline that shaped me as an individual.

1. As an immature individual who knows nothing about the implications of gambling, I have this friend who introduced me to this online gambling site wherein there exist a chance of acquiring more resources by risking your own. I was winning continuously and I even considered making this gambling site as my primary method of acquiring money.

2. Talking about beginner's luck, I thought that this streak would continue endlessly but this is invalidated my experience since the streak went to the opposite effect. That is when I realized that if I do not change my ways then this would only make my situation a lot worse. It was really a difficult time as I got attached to the gambling since I treated it as a form of entertainment but what really helped me was the intervention of my family members who continued to support and help me.

3. What really helped me is that I make myself as the difference to others. Instead of gambling, I always try my best to be the someone who will make the difference to others or will be the one who will helped individuals who were in my situation before. After my experience, it really took a toll into my attitude and habits wherein it changed on how I handle things.

To end this forever-ending conversation and debate, here are the requisites of a national currency and let us compare if cryptocurrencies possess such characteristics:

• Generally accepted in the world - The legalization of a currency must be accepted throughout the world as it can be used as a form of legal tender;
• Price Consistency - The price of a currency must be stable in order to prevent its value from occurring inflation to a country;
• Scarce supply - The supply must be limited, in relevance to price consistency to prevent hyperinflation;
• Value - The value of the currency must be backed upon something like gold as every country has their gold supply which determines the value of their respective currency;
• History - Currency has been existing ever since time immemorial. It started on the barter system of payment until it slowly evolved into a currency for uniformity and standards; and
• Tangible - Currencies must be relatively tangible in order to prevent abuses happening. Though this characteristic may be subject to debates, the long-tradition of having a tangible currency has been existing throughout.

For cryptocurrencies, its decentralized and volatile nature make it a difficult candidate in order to be a currency. No government institution also has a control over its regulation and development which explains on why its value is very volatile. Lastly, there exists an economic discrepancy between developed, developing and underdeveloped countries. For them to embrace an electric payment system, they are obliged to improve their system which I believe that underdeveloped countries have their hierarchy of needs to prioritize.

This is the reason on why I heavily disagree with people who leave their jobs in order to pursue cryptocurrency bounties, trading, or mining. Pursuing to that kind of job inflicts this double-edged sword experience as what you receive on income may be unreliable compared to those who work at a certain company.
Having to work on a company may provide you the security in receiving income as they pay you monthly (depending on the company). But what you yield from mining, trading, etc. may be relatively larger but the pay is unreliable.

About your last statement, each experience is unique per individual. One might argue that they earned larger profits from focusing into cryptocurrency alone while others might have the opposite effect. It was in your experience that you actually learned that keeping your job is more reliable than focusing into cryptocurrency.


If you can focus into two worlds at the same time, then why not? Many traders that I know treat their cryptocurrency work as a method of earning alternative income while maintaining their current work/job. In this way, you are maximizing your earnings while having security in receiving monthly income from your work.

Short answer: No
Long answer: Yes

For the first answer, cryptocurrencies, in general, cannot be eliminated from the market due to restrictions or laws imposed by countries around the world. The existence of cryptocurrencies have already made a significant impact to most individuals, economically speaking. While the positive effects may have outweighed the negative effects, a decentralized form of payment still remains a threat to most markets, especially to the government.

For the long answer, bitcoin may become obsolete in the market depending on the restrictions imposed. If the laws made are prejudicial to its existence, which ultimately prohibits its full utilization among all countries, then it may be removed from the market as investors would shift their investments into a new coin. Nothing is constant in this world, as bitcoin may be the reigning currency currently but it would be inevitably replaced by a more enhanced and developed coin in the future.


Bitcoin may actually die once countries would imposed laws and regulations against it. From the links provided by the OP, almost all of those events affected its price negatively. Investors would tend to shift their investments from bitcoin to another cryptocurrency that is more likely to be not susceptible to regulations. But in general, having a decentralized form of system would seem impossible for regulation.

Economically speaking, gambling can really have a positive effect in this aspect alone. The data provided showed the increase into different categories in gambling alone. Due to the casinos in Macau, it is inevitable for a country to receive such ratings as that place is famously known for casinos and gambling (just like Las Vegas). Now if we are going to discuss the adverse effects of gambling into an individual, then the discussion is irrelevant.


Like what I mentioned, the scope of the post only covers to the positive effect of gambling and casinos to the economy. The post did not tackle about the adverse effects of gambling into an individual and to other related matters therein. It is irrelevant to the discussion and it may require another thread for it to be discussed. Please do not go beyond on what the scope is even though the answers are obvious. If there exist such a system wherein a country would benefit both the economic and social aspect, then expect every country to be rich and peaceful.

In general, people invest into cryptocurrencies (bitcoin to be specific) in order to yield short-term income. Due to its high volatility and decentralized nature, the price may vary every single day due to the lack of any government organization/department which provides regulation and security, sacrificing its price. If you aim to invest into long-term, it is preferred if you diversify your investments by utilizing different investment mechanisms (such as stocks, real estate, bills, bank notes, etc.) so you could lower the risks of losing your investment in a snap.

The faith of cryptocurrencies are unknown as bitcoin has been in the market for nearly less than 10 years compared to the other instruments that I mentioned above. But its revolutionary platform (which is the blockchain technology) may be developed further in the future and we may see bitcoin as a gateway towards an ideal system of wireless transaction.

In other words, do not just invest into bitcoin alone as you may also want to invest into different methods as well.

Joining campaign signatures may be consider one of the most reliable methods of acquiring bitcoins as the pay is weekly (depends on the campaign) but relying solely on campaign signatures may be risky and unreliable since some campaigns only last for a specific number of weeks. Not to mention, the pay is relatively low if you are using these funds to finance your monthly obligations- which include housing bills, utility bills, schooling, etc. Lastly, campaign signatures are perfect if you utilize them as an alternative income, than making it your income monthly.


That is the ideal degree for any finance-related profession in the society. Having a degree on financing would open a spectrum of choices, which cryptocurrency may be at the bottom in terms of hierarchy. In adherence to having a degree, most individuals who have that educational background tend to enter large trading companies. If they have the time to do so, making cryptocurrency your side-line or as a way of having alternative income would boost your resources more.

The benefits that you received from gambling should not only be focused financially but from the attitude you gain from experience. This would only be applicable if you learned through experience and you did not let your addiction to take-over your well-being. This also may be possible with the intervention and support from your peers, family members, and relatives as they play an integral function in order for you to be aware about your mistakes. But then again, this will all depend if you are willing to be saved by these people as you cannot force someone to be helped if they refuse to be helped.


Most people focus on the financial aspect- as gambling revolves around money. But what they failed to realize is beyond on money, which is the mental and social aspect of an individual. Gambling has always been a problem to people who cannot have self-discipline and self-control but to those who survived the mental trauma and experience, they become responsible individuals who learned from their past mistakes.