However I would also stress the flawed judgement of some people which make them think a site to be scam. Your judgement about a site also needs to be good in order to come to a verdict. Of course since you are dealing with money even the slightest doubt should make you go away from that site, even then those who are analyzing these new sites for evaluation should have a stable unbiased mind.

Many times I have seen accusations based on nothing but assumptions and some idiots even follow that. Its because they are all disgruntled addicted gamblers who lost their money while gambling it. Instead of blaming themselves they blame the casino.

At first you have to make that huge profit. The problem with this generation is that they spend too much time thinking on what they will do when they become rich and in doing so waste time which they could have used to become successful. We talk about bitcoin governance forgetting the basics of how crypto works. Dreaming of huge volumes of money being made in your name is possible but its not something that will happen with just buying some bitcoin.

Whales made money because they had money already at hand, fiat indeed. They used it to manipulate markets and then make money from them.

As long as a market for the service providers remain for exchanging bitcoin you will be able to do this trick. But as soon as governments begin to impose restrictions on bitcoin trades this will gradually fade away and paypal would come back to its original prime.

I beg to differ here. Skilled workers are generally not good investors and reverse is also true. You have to understand that the society is built by a mixture of all these people. There are investors who dont want to work and make people work for money - humans as resource. So whether they invest in crypto is a big question because that will pull the market up because of their high new worth and average investment amount.

At this point bitcoin is surging up beyond 10k USD. This wont be a good time to buy but a good time to sell before it crashes. I hope the OP got an idea of how to manage his money in such situations.

You have to think in terms of the newer investors as well. They are all trying to budge in fighting for a reduced price in the exchanges looking out for brokers. They are doing this because they see a future speculation being positive about bitcoin. They accept the risk and so they invest. You may not always get a low cost for investing but patience is the key here.

Nobody wants to get their personal information all over the internet for playing a few bucks on a casino. Thats why they prefer not to use the sites that ask for KYC. Most cases that end up with demands of KYC are fraudulent activities on part of the player. Reputed sites here known well in the crypto world dont do this unless the source of money is a tainted one. They are allowed to enforce rules in such cases if required - thats on their TnC.

New sites that come up and in case they ask for KYC people are going to run away from them.

Does not matter. We, being a part of the crypto ecosystem should boycott the use of such centralized exchanges. That is the only way that we can get clear of their bottlenecking methods.

They can call it whatever they want only fanobois will still accept their BS propaganda. Why would they ask for KYC anyway? Its not that whales are scared of it? You are at risk of identity theft if you give them your data. However it may not matter to you at this stage.

You "heard" about a dex? Can you provide any proof of that? Hearing things is not a good sign my friend.

Bitcoin is something that is community backed. People use it because they like it advantages over fiat money. It becomes important to them since they know that it gives back power to the hands of common people who want to transact. While some are happy about it, there are people with malicious thoughts wanting to use bitcoin's name to create a copy cat and steal money from people telling them that their coin is the real bitcoin. Would believe such a liar? Definitely not.

Doing your own analysis and research would help you guide yourself to the proper decision in this case if you are confused.

Thats a bit of an extreme. Instead we do have some hope for addicted gamblers thats why there are rehab centers. Most importantly controlling emotions is an important things and family members should particularly focus on that. If they see someone in the family not being able to control their gambling habits they should step forward to help them in cessation of playing. It is something that will take time and determination but it is possible to stop playing. On the other hand those who dont have anyone to rely on are in a worse situation like an orphan.

Many time gamblers stop being addicts because they see the logic in having wasted money and thus get repulsed by the thoughts of casinos.

Why would you even focus on hundreds of coins? If you are trying play a lottery with so many shitcoins and see which one goes up then be my guest, buy every koolaid propaganda shitcoin out there and increase the quantity of your portfolio instead of focusing on the quality of your portfolio. People need to stop listening to promotional content which is posted on social media and platforms like youtube promoted only by bagholders ready to dump their coins.

The more time you spend analysing your shitcoin stash the more time you waste which you could have used in doing something more fruitful.

The fastest loss is also in altcoin. Its a higher risk zone investment if you ask me. While that may seem exciting for you but it is not so for the rest of the members of this forum who dont have a huge stashes of money to spend. What they prefer is to invest in something that can give you a decent profit in the long term and wont go down in a few months. For them bitcoin is obviously the better choice.

Stop shilling your altcoins. Having a 200% gain in a short time is a sign of a pump and incoming dump. So take caution before buying those coins.

His story does inspire but people should not take into copying him. He has been someone who is one in a million. Noobody can copy and become someone who is successful after all copy-trades are just like piggy beggars. What people should learn from him is the importance of speculative market analysis fundamentals.

That is what is lacking in many traders and that is why they panic on every small dump or get too excited on every small pump. Moreover people should work on their own understand of crypto and bitcoin whitepaper to make sure they dont fall in the traps of pump and dump altcoins.

If you going to pump and dump then yes. But most small-cap traders dont have that amount of cash at hand to promote a pump. I dont agree with the second part of your statement though. People make money if they take advantage of the speculation.

Bearish or bullish its not stable at all. We are seeing up and down movements everyday and the market is pretty volatile now. Compared to what happened the last year and this year start we are probably going up from here if the bulls keep pushing it up. Support level below are strong so bears wont get strong easily.

They only need to focus on what needs to be done for their betterment. If you live somewhere government policies are strict then follow them. The more you try to rebel with them more chances of you losing your ground and going to jail. Of course for common people this wont matter because they are not getting involved in shady business using crypto.

For those who are into shady stuff though, they are the ones who would rebel if their source of money is taken away. Its not that if this hypothetical bitcoin government is created then their problems would go away. They may pretty well be the same.

Identify theft is rare now if the person who is giving the KYC is cunning enough and knows that forging documents can be done in the blink of an eye using some blackhat services and/or local groups in shantytowns that deal in such dirty work.

I am sure many criminals have tried offshoring money using the gambling site as a transit wallet, maybe playing with it a bit and then withdrawing it using a fake KYC document. These things cannot be stopped easily by anything unless the casino wants to lose customers. The best they can do and what is mostly done is no-kyc for anybody.

People come from different earning groups. So something that is small enough to be lost and thus can be invested may be worth a lot to another person coming from a poorer economic class. Hence I think people should take their own decision here of how to spend on an investment that is speculative and thus risky. Nobody want to end up investing in the pump and dump shitcoin shows out there. But we need money to come in so as to grow the market.

Distributing to different assets would be good if the other assets are non-crypto ones. In crypto only bitcoin is what you need.

Its impossible that a certain government would do something to ruin their own government. You need to understand that having something that will show the bribery and corruption of a government would be harmful to sustain that corrupted system. So they wont hit their own self with creating something that would expose them. Bitcoin ledger is public to everybody who wants to view it.

Stop chasing this big question. That is the reason why people waste time thinking on things that would not change even if they racked their brains on it. Accept bitcoin as it is.

It is beneficial if you are running your own blockchain and have the bets being made in that. Something that dApp developers have done in the ethereum blockchain and EOS blockchain. Doing so in the bitcoin blockchain leads to the mempool being clogged and delaying transactions - something that I would personally wont like to see in future. We have seen satoshidice at one time being popular on this concept but now the bitcoin network does not want so much stress. So companies who want to develop such projects develop their own blockchain or use such a blockchain which can sustain this high load of transactions.

This topic is not talking about that. We know that satoshi has proposed that and this topic tells about the scammers trying to impersonate satoshi and trying to get people to buy their own shitcoin.

I wont say that it changed the payment system but it brought in a new type of a payment system or in a broad sense, a new monetary system. Of course some people are envious of that and they want to get a piece of it for themselves. So they try the darker methods of making money that is this whitecollar crime and imposing themselves as true creators of bitcoin thus misleading people.

So what do you suggest should be done even though your opinion means nothing to your government? Ban all fiat money and issue some crypto that is deflationary?

Might seen pretty good to you but dont forget that not every person in the world is as wise as you are and you are literally going to be making it very risky for those who have little understanding of how to keep crypto safe. Moreover a crypto economy is not sustainable if there is no taxation system and if you ask crypto users to pay taxes then you are not going to get anything out of them because that was the only reason they moved to crypto.

But that does not mean that they are going fight among themselves would they? I know it can be frustrating for gamblers but the truth is that the addiction is their own and they only can control it. I have seen casino chatrooms becoming filled with trolls and toxic people after they lose money and end up stoned and drunk. Its not a good behavior but its something online really who cares about online chatroom spam?

But in real life we got bouncers and bodyguards with every high roller. They are the ones with big money and they dont really care about losing money because they will make more. That part is somewhat different and not comparable to the online casinos.