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It is now resting around $23K and for me it seems that it is slowly trying to climb higher.
Some are saying that we are now on Bull Market, but is it going to stay or is it just another one of those price increase before a huge fall again?
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I don't believe online casinos enjoy seeing a gambler lose money. I'd like to believe that they only want responsible gamblers to patronize them. They believe they have a moral obligation to present some suggestions for responsible gambling to the general population. It is also logical to believe that if they could assess visitors for gambling addiction, those who failed the test would be banned from signing up. Because they can't, they've created a section of their website with guidelines for responsible gambling. So, even if the house always wins, which is good for their business, it is your responsibility to bet responsibly. The following are some of the responsible gambling guidelines I found on Livecasino.io, Duelbits, TrustDice, and others. They all have the same idea. - Treat your betting and gaming as a form of entertainment and only use money that you have set aside for your entertainment.
- Do not bet or wager amounts larger than you are comfortable with.
- Do not bet or wager with money you cannot afford to lose.
- Do not chase your losses.
- Do not let your betting and/or gaming take up time that you would usually spend on other activities.
Any thoughts? I think they just want to survive in the long run that is why they are reminding their gambler to be a responsible gambler. For me it is all just a business if the gambler lost too much on them and started bad mouthing their website it could affect their future clients, plus they would lose those who are constantly losing too much money on their site. I think they just want the gambler to be responsible so that it could keep on coming back to them. P.S it is only my opinion about this topic and how I see it. |
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As bitcoin continues on its current bullish path, all kinds of people are trying to ride this wave by buying any cheap coins they can get their hands on as they anticipate the next High to come. But the scary part about this is that Big money is also flowing into the crypto economy that will push price to easily register new highs, but this comes at a price, when these whales decide to take out their money.. markets bleed red which is why Big money is not good if volatility is to be controlled. In the long run Bitcoin is better off without the Big money, otherwise this becomes like a pyramid scheme always leaving the last man standing with empty pockets as the first guy to make a move gets all the accumulated $$$$.
What's the community's take on this?
I see your point and I also have the same idea before that those who are pumping or investing a huge amount while the price is low would pull out when the price gets high, But I found out that it doesn't really matter if they suddenly decides to pull out as long as there are people who are also eager to buy in on the time that those whale decides to sell. The market would bleed if mahority of the investor's decide the same thing or they follow that wave but what if they counter it and instead of selling people would buy in? |
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I was very happy to joined bitcointalk. org November 7 2020, but I came to discovered one thing in the community that is making me wondering, if bitcoiners don't trust themselves by seeing themselves face to face like the way church members or Muslim members love themselves by seeing themselves face to face after the service. Going to three years now, am trying to see some of the bitcoiners in my area to discuss with them how to join hands together to promote Bitcoin in the society but they said they prefer discussing it online than see each other physical.
Are they ashame to be a bitcoiners? or they are among the people that think Bitcoin is a scam?
Why Bitcoin users are afraid of see each other physical?
It is not that we are ashemed of being a crypto earner, It is the Fact that even if Bitcoin is not a scam if there is a crypto related scam people would think that you are a scammer without knowing the truth. And also the fact that it would just drain us for promoting it physically because after we promote it only few would really stay in crypto, So why waste time when you could do it online and have so many social media friends who could see your post rather than doing it face to face and only few people would come? |
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Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin.
? ? ? What. I think the only part I understood was the first half of the second sentence. How does more people buying bitcoin lower the price? That's literally the opposite of what should happen in theory. Yes I thought that I was the only one who got confused on the post. I fear on OP's investment plans and how he/she handle it, OP I hope that you would find someone who coud guide you thoroughly about how trading works before investing. |
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Of course scammers would use anything that they could in order to earn that is what they do for a living.
It is our job as an investor to know which one is real and which projects are fake.
Most of the time they are successful due to the investor's greed, they would try to imitate the successful or trendy projects with a lower entry price so that the newbie's would jump on them.
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So is there any Free crypto coins tokens ?
Like Youtube is full of videos but non of them brought to me Free crypto.
Can any legit old member enlight us here from where we get the Free crypto.
We have try faucets but it's waste of time.
So many newbies Also want to know how to get crypto for real ?
And we want instant payments into our wallets not like the faucets doing it we have to wait month before we can withdraw 2$ into our wallets.
So IS there any sure way to get some Free airdrops instant please dont suggest those here who might pay maybe not Im Looking for sure deals.
If I remember correctly back in 2017-2018 there are so many free crypto from airdrops. I don't know if airdrops right now are still worth it or some of them still have value. I tried to join in airdrops back in 2020 but most of them didn't pay up and some did send their token but didn't have any value. |
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Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Well if there wouldn't be a bull run on the next halving it could really create a FUD on the industry or community. We got used to the cycle of Bitcoin and your fear might come true anytime, the cycle could break and make a new one. I am sure that if that ever happens the price would crash down since many people would decide to quit or lay low for awhile. |
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I'm still a beginner in crypto, as we know from time to time the number of altcoins is increasing, but I want to ask,
will the increasing number of altcoins affect the price of bitcoin,?
but in my opinion it will not affect the price of bitcoin, even though the number of altcoins is increasing.
Yes it wouldn't affect Bitcoin no matter how many alt-coin might be created the original would always be on top. It doesn't matter how many alt-coins are out there most of them doesn't really have a value. The only negative impact of those alt-coin in Bitcoin is that newbies that would get scammed by those shitcoin would generalized all of crypto as scam. |
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Nice to see someone buying bitcoin and understanding you will not get rich over night. it could take decades for you to make any meaningful profit and as long as you are prepared for that I think you will not regret your purchase. Make sure that you are storing the btc in a wallet that you own and have the private key. Then backup the seed of the wallet and store it in a secure location. Then sit back and relax and watch your investment grow over the years.
Yes it is a common misconceptions in crypto, most investor thinks that this is a quick rich investment that they could turn their lives over night. Just because some people became rich or successful in crypto, they thought that it was easy not knowing that most of the successful or lucky people in crypto are the early investor who believe in crypto even before it become a successful project. Those who HODL their investment for a long time and didn't buy the FUD whenever negative news on crypto appears. |
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Of course for me it is Bitcoin I would try out some alt-coins but it would only be limited to the top losted crypto, since I don't want to risk too much on new crypto's for long term investment.
I don't really trust new crypto's for a long term investment and right now most of my investment are for HODL.
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For me it isn't just about side job/business you should also learn how to manage your money.
Even if you are earning more or huge amount if you don't know how to manage it, it would just be useless.
I am not saying that side job/business doesn't help your financial stability it is just that some people doesn't know how to handle their income even if they are earning enough, they couldn't save up due to the lifestyle that they are living.
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Dogecoin was already dead a long time ago, it was only revived for a quick pump and drop by Elon and most of the investor's that came to Doge are newbies who have zero or low knowledge on crypto.
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I think the reason might be that they are trying to ride a new crypto before it becomes big as Bitcoin.
They already missed the chance in Bitcoin so they are trying it on alt-coin, other than that maybe they are just trying to spread their investments.
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Congratulations on achieving your dream so many of us has given up on it just to survive.
Most of us had given up on it when we faced reality, not everyone is lucky enough to succeed on chasing their dream while risking their future.
Some people would start to focus on their job and earn rather than to continue to chase their dream because of their financial status.
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I think this kind of question has been ask so many times before.
But I think if it ever happens other crypto would rise to take it's place, crypto has been part of us and it is already well known people wouldn't just abandoned it.
When I was new in crypto I also used to think about it but knowing how it works and seeing it's progress changed my mind.
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For me it is safe to say that it is finally recovering and showing a good fight.
Let's just hope that this would continue and not just for a short time.
I don't really think that the price drop was only from the FTX it just played a huge part of the drop.
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I have 2 motorbikes at home, but what I always use is only 1 motorbike, and 1 motorbike is rarely used, and indeed the motorbike is also old, and if it is sold it won't be too expensive, and I decided to sell the motorbike, because in my opinion the price of the motorbike will definitely fall over time,
(affected by inflation). and the money from the sale of the motorbike I will use to buy bitcoin. because in my opinion the price of bitcoin in the future will definitely rise. and also currently the market is bear, so this is a good opportunity to buy bitcoins. and I want to ask everyone, the decision I made, namely selling the motorbike and the money to buy bitcoin, is it wrong or not?
I'm ready to be corrected because I have no experience in bitcoin and crypto.
For me I think it would be a great decision unless the motorbike that you would sell is something that would gain more value in the future. But for me I think that it is better to invest in crypto. |
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"Can I take a loan to invest in bitcoin" this question was asked by a friend
My reply to her is this:
It is generally not advisable to take out a loan to purchase Bitcoin or any other cryptocurrency. Cryptocurrency markets are highly volatile and the value of a particular coin can fluctuate greatly in a short period of time. This means that the value of the coin you purchase with a loan could drop, making it difficult to repay the loan. It is important to do your own research and make sure you understand the risks before investing in any financial product, including Bitcoin.
What is your advice?
Well said, Sometimes you just need to open up every possibilities so that they would know more. I got those kind of questions from newbie's in crypto and sometimes they are even asking why I am not taking loans for my investment since I believe so much in crypto. I would just tell them about the same thing crypto could go up or down real quick and taking loans would give you more stress because of the interest when you can't pay it on time. |
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