If you have a 50% chance then the casino will just make you win less money. Like 1 bitcoin on 50% would make you win 0.998 for example. After 1k bets, although you are likely to win 50% of the times, even if you do, you are winning 0.998 bitcoins and losing 1 (assuming you are betting 1 bitcoin each time) so you are basically losing your money slowly till the end.

There are some ''strategies'' that grant you better odds than others but never enought to beat the house. For example, martingale is a popular strategy but there are other methods that have the same odds but are just faster which is something very important since you don't want to gamble for hours just to win a very small amount of money with the possibility of losing it all.

https://www.forexfactory.com/showthread.php?p=8495533#post8495533

A ''strategy'' posted long ago to increase your odds slightly better than you would have using only 1 bet at 49.5
''For an example of a better strategy, try:

  bet 0.5 at 33%
  if you win, you get 99/33 = 3x, so you get 1.5 back, a profit of 1 - you've doubled your money

  if you lose, bet the other 0.5 at 24.75%
  if you win, you get 99/24.75 = 4x, so you get 2 back - you've doubled your money

  the only way it goes wrong is if you lose both the 33% and the 24.75% - the chance of that is (1-0.33) * (1-0.2475) = 0.504175
  so the chance of success is 1 - 0.504175 = 0.495825 = 49.5825% - a fraction higher than 49.5''

So it is basically better to bet in smaller bets to achieve your goal as you would have a 0.0825% better chance, again this is still less than 50% and it will always be, also it doesn't really matter long term since you are going to lose everything eventually.

Mt gox and Bitfinex were attacked and a ton of bitcoins were lost. Yes exchanges can be hacked but they also can be very secure:
https://bitcoinmagazine.com/articles/how-to-secure-bitcoin-exchanges-or-why-all-hope-is-not-lost-1470764032/

Problem is that a lot of exchanges are not really run by professionals, some of them turn out to be a scam after years so even if they can be extremely secure against hacks you are always in a risky situation when you leave your bitcoins on pretty much any exchange.

You personally can protect your bitcoins extremely well if you are not planning on trading with them with an offline wallet plus a few other things your bitcoins can be virtually impossible to hack although you can still lose them if you make terrible mistakes.

I personally keep my bitcoins distributed between my wallet and a few exchanges where I trade, it is, I think, the best way to make sure you lose the least amount of bitcoins at any given time.

Well bitcoin is supposed to be a currency but it's really not being used as such, and I don't blame people. Essentially you would have to pay a 5$ fee for a 2$ coffee, for example, which is stupid. You can't really use bitcoin right now for small purchases, it just doesn't work, there are solutions to this, of course but they take time. My prediction is that when cryptos are actually used as currency, we will not see bitcoin as the top one, there will probably be a lot of new cryptos with new technology that will take over bitcoin.

BTC was designed to be used, not to be held as an asset, unfortunately we have gone past that point, it will most likely remain as an investment until it finally dies overthrown by a better coin.

https://medium.com/@rusty_lightning/dear-bitcoin-im-sorry-fees-will-rise-b002b1449054

Well as I said, BCH is already being dumped, maybe waiting for another pump, probably not but one thing is certain, BCH seems more like a pump and dump coin than anything else. It has been like this since it started, first it was pumped to around 1k just to go down eventually to 200$ and now it was pumped again, much harder to get dumped just as hard, that's pretty much the whole history of the coin, I don't see people interested in BCH as a coin, I only see people buying it when it gets pumped and dumping it as soon as they can, sure that happens with bitcoin too but there are still a lot of people who will hold bitcoin almost no matter what. BCH is pretty much a scam, let's be honest, it's going to be worthless soon. The only thing holding it up is the name but that's about it.

Just another pump and dumb of BCH, a big one for sure. There was another when BCH hit 1k and dropped down to 200$. Now everytime BCH goes down, bitcoin goes up, eventually BCH will crash hard and it will be worth a few hundred dollars again and Bitcoin will just recover, probably alt coins as well since they are really undervalued compared to Bitcoin.

There is a ton of FUD everywhere, check bitcoin reddit for example, tons of people saying BCH is going to take over, bla bla. There is also a strong theory that says Segwit2X was never going to happen, it was planned this way. After making a lot of profit with bitcoin, they used their profits to pump BCH and this definitely seems to be the case. Most people bought Bitcoin for the fork, there is no reason for them to switch from Bitcoin to BCH. The ones who planned this, pumped BCH in order to make even more profit and now comes the dump maybe with another pump before total crash. We will see.

I don't think any serious trader or anyone with bitcoin markets knowledge expected the price to stay at almost 8k. It was obvious that eventually it would drop whether SW2x was implemented or not. It's still very very high, 6500$ is insane considering it was 1k on Jan 1 of 2017.

You are looking at bitcoin the wrong way. People that bought bitcoin, did so just to get free money with the fork, 99% of bitcoin holders don't care whatsoever about bitcoin technology, they just want to be rich, speculate. It's not going down, not to 3k at least. It will surely drop a bit but it's almost 24 hours after the cancelled fork and the price is pretty much the same. Even if it drops 1-2k it would still be at 5k and even at 3k it's still a lot considering it got there in merely months.

Also SW2x was not bitcoin's hope. We do need a solution for scaling but clearly SW2x wasn't the one. A lot of people viewed SW2x as a threat, not a solution. There are other possible solutions that will hopefully be implemented in the near future but for now bitcoin is going to be the same. I know people that owned a good amount of bitcoins and they didn't even know about the fork. Bitcoin is an ''investment'' right now, almost no one uses it as currency, everyone is buying to get rich fast.

Well, let's see. A lot of people have switched from their altcoins to bitcoin because they want to get free coins after the fork, essentially free money. This pushed the bitcoin price up, a lot. However this is not real support for bitcoin. 99% of people who bought bitcoin this past week, have done so just to dump it later and profit from it. Is not going to crash before the fork because people need to be holding bitcoin when the fork happens so there isn't really much danger here but after the fork I believe it will go down. What I think the best way to really benefit before the fork is buying alt coins. I believe a lot of people will invest their money into various alt coins before the fork expecting bitcoin to go down and people switching to alt coins again. This seems to me the most logical possibility but who knows.

No one knows if it's going to succeed even if you know the company, better to understand how to manage your bankroll properly so you don't lose everything in a second which is what happens to newbies.

Quoting the great film of wall street: ''Number one rule of Wall Street. Nobody... and I don't care if you're Warren Buffet or if you're Jimmy Buffet. Nobody knows if a stock is gonna go up, down, sideways or in fucking circles. Least of all, stockbrokers, right?''

A lot of people claim they know the exact price of bitcoin in ''x'' days or when it's going to pop, etc etc. Most of the times they don't even research into that, you can look it up, there is no evidence supporting their statements most of the times.

And with people you mean idiots, right? If you truly support bitcoin, you support it for its technology, not the price. That's a huge problem right and it is that most people are only seeking to get rich, make money fast and get out, they don't really care about bitcoin and they wont use bitcoin as what it is, a currency.

It's going to be stable, eventually but only if people start using it as a real currency, 99% of bitcoin holders right now are not using bitcoin as currency, they use it as investment and speculation, everyone is buy and selling bitcoins like they are shares of stock.

I don't think people understood what the hard fork is going to be and that you are not guaranteed to get free money and you could even lose your existing bitcoins. I'm sure after that bitcoin is going to suffer greatly but I don't think it will crash ''too hard'' even 1000$ still puts it at 5k and that is still huge.

If they have an equal win ratio then why would anyone follow their advice, it seems to me a very bad way to promote your site because people will know your tips actually suck and no one will check your site anymore, unless you are saying they are trying to scam people.

Makes no sense, if you are a successful sports bettor, why do you need to do it, you are already making money with your bets, you can just keep using the money you win to bet bigger and bigger and win more and more. How would anyone do this only for entertainment? To be able to actually have good picks you need hours and hours of study everyday, I can't think of anyone that would do that just for entertainment.

Bitcoin was worth cents and it's now worth more than 5k dollars. Even tho casinos win long term, you wont. First you have to find a casino that will let you invest in them for a long time, you also need a lot of money to cover losses and you also need the casino to actually survive for so long, a lot of casinos ended or even scammed their users, it's just very tricky to get ahead in this kind of investments and you can't make them small, otherwise your winnings will be meaningless.

But if you want referrals that means your bets are reliable and you will win long term from them so why not bet yourself and make a lot of money, if your bets aren't good you are not going to get referrals anyways so it seems strange to me to just give tips instead of winning the money yourself.

Yeah, I always wondered that too, some of the answers here don't really convince me. Sure they can earn money with referral links, especially if someone bets big but can't they bet big by themselves? If you have reliable winnable bets, you will win long term so why not use your own money and place bigger and bigger bets?

They do make sense because you are not going to win every time, you can lose all your money just like gambling, investing in casinos is still a gamble, it's not always guaranteed profit and investing all your money can be a terrible idea. I personally think small investments make sense when it comes to cryptocurrency because 0.01 today can be 100$ tomorrow.

Personally I believe trading is much better than gambling games like sport betting or poker simply because there is more skill involved, usually in the form of bankroll management, timing, nerves, etc etc. Gambling is also harder and more luck dependent, some games being impossible to win at long term.