Risk management is the important key to success in trading, but many do not know how to manage it. But I agree with @AicecreaME that if we use a bet lower than $50 and try to recover the losses while still having the rest amount, that will be a backup for us. We can only use small parts to trade and try to make a profit and if we can do that, we can only rinse and repeat the process to make a bigger profit. Do not chase bigger profit if the market is not moving good.

Yes, maybe they will have their reason why they do that. There are many scenarios for the gamblers to use that strategy because if they want to have fun, they will not use a one-time bet instead of using a small amount to prolong their time playing gambling. Maybe we can say that it is wrong to say about the one-time bet to other people and we suggest them to use little money to gamble, but that will depend on them.

A wise gambler will check the situations before they gamble. If they gamble using crypto, they will check the market first before buying any coins, including bitcoin or altcoins. And if they see the altcoin is down, they will buy in a large amount and only use some parts to gamble while holding the rest.

Not many gambling sites accept XRP, so I think we need to search for another gambling site. We can still use the other altcoins besides XRP, which have a fast confirming transaction.

I am not sure about that. Even if they knew about that, they will still play gambling on the illegal gambling place because they want to make money fast or double their money shortly. I am very worried about the new generation in this era because many can not use the chance to make their lives better instead of ruining their lives. We are still in this pandemic but that does not mean we can not change our lives, especially to earn money. I hope the other young generations will not follow their step and use their time to have a better life.

---

No, I do not think that is about taxation because young generations seem to want to have a fast result than to enjoy the process. So they are trying to playing gambling which can help them to make money fast. But they are wrong if they think like that because gambling can not make them rich and have money instead of losing their money fast. But gladly, they were caught by the officers, hoping they do not do the same thing again in the future.

Yes, they are not children anymore, but they still need help from an adult to guide their lives and have a better life in the future. They lack control when they gamble and they can get addicted to gambling anytime. Even if in their country, gambling is allowable, they are susceptible to lose control in gambling.

Sometimes, I feel funny and laugh to see what my friends said. They are involved in crypto for more than 5 years ago, and I am sure they knew about this cycle, but what they say is they still surprise to see the drops hahaha.

They say that they are not yet to profit from bitcoin and altcoin while bitcoin price slowly gets down. I only tell them that you are too greedy to chase a bigger profit while you know that the drops will comes anytime. They just laugh when I said that

Yes, this moment is the best time to accumulate more bitcoin as the price drops too deep and we do not know when it will go up. If we can use the time to load more bitcoin and hold it, we will laugh out load later.

Good, that is what it should do at this moment as the bitcoin price now is lower than before. But be careful to make an order buy and I hope you can make a few order buy instead only use one order buy to prevent from another drop. Maybe they want to make noise in this downtrend and make people panic but we knew that would not work for people who already prepare for the downtrend.

Hold will not easy, but I am sure we can hold bitcoin this time. Before the price increase so high and back to above $60k and break the barrier and still increase, maybe a correction like this will be necessary to get more supports. The early people involved in bitcoin will not panic if they see the drop of bitcoin price because they can buy back more bitcoin at once or make many orders buy at a lower price.

This situation is only temporary, and people do not have to worry about this because sooner or later, the price will start the rally and who knows, the next rally will bring more chance for bitcoin to back to $60k and make a new ATH.

This month gives a chance for us, especially for people who want to have more bitcoin because bitcoin is now down a lot below $50k. And with the price now is down again at $48k, that can down for more to $47k but I am sure we can still hold bitcoin and even many of us will buy more bitcoin.

But I think it is funny to read the tweet from many people who support and do not support bitcoin because they are defending their opinion, making new people confused to determine who is right or wrong.

More illegal casinos operate in that country or other countries because people want to make money fast without trying hard. Those young generation does not realize the danger of playing gambling with a card game. They think that playing gambling can give them a chance to make money fast, but they are wrong because they will lose their money at any second and hard to recover the losses.

It is a lesson for us, especially if we have children who grow up to always take care of them and watch out for their environment, not to make a wrong way with their friends.

Limiting the time to play gambling will always be suggested to all gamblers to help them prevent the addiction. But unfortunately, not many gamblers will do that because once they found the excitement of playing gambling, they will forget about limitations and play longer than usual.

We might see many friends who are playing gambling finally become addicting to gambling and we can not do something for them because they do not want to get help from us. But we can at least try to give something that may be worth it for them and we can always warn them about the danger of playing gambling for some time.

I agree with you. Using XRP can reduce the fee that we need to pay. But with the XRP price now being down, I guess we need to wait for a while before selling XRP and getting the money back. Maybe if we sell directly after we receive the amount will reduce the money value so we consider what we should do. Maybe there is another coin besides XRP which can help him to reduce the fee.

At this moment, not playing gambling will be the best solution to save the bitcoin or altcoin that we have because we will have the opportunity to make a big profit from bitcoin and altcoin. Besides that, we do not have to stress to see the money is gone in the gambling table instead, we can wait for the next increases in the price or use the coin for trading to make the amount bigger than before. Hopefully, we will know what we need to do related to the current situations.

The fact is the impacts will only up and down if one of those people gives their statements about bitcoin, which will indirectly impact the market. So far, we already see what Musk did had a big impact on the market, especially Dogecoin. So there is a chance for Musk to tweet to the other coin in the future or soon.

That is why we always suggest people research what they want to know and not just believe other people. That will be too risky if we just rely on them without searching for more info because we can get into a scam, which is the biggest risk that we will get.

It seems the big name of those people can convince the public, especially people who do not know much about bitcoin, to follow to invest in bitcoin. But if they do not search for more about how to invest in bitcoin with the right, they will stress to see the price fluctuated.

Those people will enjoy their moment in the gambling and will take easy with all of the results that will come out later. They do not think much about win or lose because they know that gambling does not need to respond seriously.

I've met some people who gamble in the illegal offline casino before. They did not stop talking about their experience in the casino, no matter if they win or lose. They said that if they lose, they will recover and if they win, sometimes they continue playing but sometimes, they will quit gambling, depend on how their heart situations. But I do not know much if they believe their fate will be the most appropriate people to gamble because that will depend on each person we do not know how they react with gambling.

Some gamblers will not satisfy their winning instead of getting more wins, and I guess we already have that experience before. Yes, we do not have a big chance to win compared to the house, but some of us are still trying to against the house and the result is many of us losing the money.

Controlling ourselves in this part will be important because that helps us learn the right thing that we need to do, especially if we can win. It is better to get small profits than never because not many gamblers can win and profit from gambling games.

We will forget how many times we spend the money as we only want to recover the loss. I am sure we've been there before and many of us slumped at that moment but many of us can rise and trying to control ourselves because we do not want to have the same experience. Whenever our emotion becomes bigger, that will make us rush and greedy to get more winning, giving us the chance to lose more money. We lose control because of greediness and we lose money.

I have a feeling that BNB will be the hottest coin besides ethereum and bitcoin because BNB now is in the number three position and the price can increase and break $600 in nearly. TRX can increase too but it needs more time, so maybe we can buy more TRX while the price is not too high. ADA, DOT and UNI and the other coin at the top 20 can be the next potential to increase, so if you have one or more coins on that list, you can be expected to make a profit later. But the altcoin movement will depend on how bitcoin moves, so we need to wait and see.

I do not think that fiat currency will disappear soon because people still need fiat currency, and many still do not know about crypto. People use crypto for the investment side because if they use crypto to be used for the payment system, that will need agreement from the government. And that is not easy to see crypto will use for the payment system. I prefer to see cryptocurrency work together with fiat money to have their option to pay, whether they will choose fiat money or use cryptocurrency. We can not deny that the government be part of this because they are the regulator in all countries and without them, cryptocurrency will be nothing.

For some reason, it is better to use ethereum to search for a profit in another way, such as trading, for example, to make money besides playing gambling. The effect of the berlin hard fork will not happen shortly and I do not think that will reduce the gas fee in a fast. Maybe the next update after berlin will help the gas fee reduce, but we need to wait for that.

That feeling will be a pain in our head to see all of the money lost in just one roll without recovering the losses because the money is gone already. But if you can have control over yourself, you will use one time bet to play gambling to play for more rounds. Even if you lose in the current round, you will have a chance to win in the next roll, although that is not advisable to continue playing gambling after losing for some rolls. Maybe a gambler wants to test their luck in the one time bet so they do that occasionally.

Losing money will be the result that we will get if we are trying to chase the losses and if you do not want to get that loss, you must stop as soon as possible before something worst happens to you. We should stop right away when we win and do not try to continue playing because the chance to lose the win money will be bigger. And never try to chase your losses because that can attract more losses sooner or later.

If they have a strong belief in fate, they will not try to use gambling because that will not result in anything unless it can bring you losses. But if you have a skill and strategy and can analyze in sports betting, maybe you will have a chance to win as the analysis will be the important thing to select the right team. Gambling games are designed for getting pleasure in the games and you do not need to try hard to win in every round because that will not easy. But if you use gambling as a source of income, you will risk your money because of losing your money.