Strong regulation may help a bit but there are also many scams with fiat, so I don't think it's going to solve the problem. The same would happen with linking an identity.

I don't know about Concordium but some of us want cryptocurrencies that have a certain degree of anonimity. I can do electronic payments with fiat money, even central banks are planning to create fiat cryptocurrencies.

If cryptos are to succeed it is because they are essentially different from fiat electronic payments.

The media writes articles to attract attention and cause emotions, so you read an article like that and the first thing you think is: will the price of bitcoin go down? will it go up?

If you read it right, it didn't say anything.

I don't think the real problem here is gambling. People like OP's friend, if gambling didn't exist, they would develop that compulsive behavior with another addiction. Those people have a problem within themselves and their gambling behavior (or another kind of problematic behavior) is the effect of the problem they have. Although gambling (or taking drugs) can worsen that problem.

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I can understand that some people have part of their funds in the exchanges, especially if they trade.

If someone has all the funds in an exchange he has to be a newbie. If not, he deserves what he gets.

They do not prefer cash in all cases. I have seen cases of kidnapping for ransom in bitcoin. For those cases I understand that bitcoin is superior, because the kidnappers don't have to physically go anywhere to collect the ransom and can move the money much more easily.

For retail drug sales, for example, cash is better.

They are right then.

Has anyone ever tried a lottery simulator?

Try this one: https://www.cuandomevaatocar.com/en/

You can really see there how lottery is a EV- game. You'd better put your money somewhere else.

The only thing that can be positive about the lottery is the big prizes, which if you win can change your life. But the odds are so low that it's easier to get hit by lightning a couple of times on the same day.

Thank you for accepting me. I confim all my details in the spreadsheet are correct.

I would not call it bravery but despair in most cases.

I have had two close cases of people committing suicide and from what I know of their circumstances it was despair that led them to it.

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It's funny beause at first it seems that it could have an impact on bitcoin price but then it says it could make the price go up, or down or " could also have very little impact at all".

LOL

So, we have no idea where bitcoin price it's going to go, at least in the short-term.

I'm not so sure. The other car companies are also making electric cars affordable. See this recent news for example:

https://edition.cnn.com/2020/09/23/success/volkswagen-id-4-electric-suv-unveiled/index.html

"Prices for the ID.4 will start at about $40,000, not including the widely available $7,500 federal tax credit for purchasing an electric vehicle."

Tesla has too much debt and growing competition. What it has is the power of the brand but it is a power it can lose.

It think the stock is in a bubble, even Elon Musk said this. The problem with american companies is that the bubble keeps inflating and you never know when it is going to explode.

Many scams are based on the idea of making you believe that the one who is scamming the other is you. So you don't realize that it's the other way around.

In the same way, banks blame money laundering on bitcoin, to divert attention so that people don't realize that they are laundering the most money and appear to be honest institutions.

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I'm not surprised the previous two replies make fun of this post. If there is a place where good posts don't go unnoticed is this board. In the bitcoin section, for example, a post or a comment is more likely to go unnoticed.

Apart from that, I take it he is the alt of a famous troll.

I agree that it is better to see the bitcoin in a very long term perspective. That way, it's easier for me to see bitcoin winning the war on fiat and distancing itself from other high-risk assets.

It's a pitty how the price is behaving nowadays, though,

Why don't you say their names? If you say they are scammers, you shouldn't have a problem saying who they are.

I am sorry to say that, nowadays, bitcoin price reflects that it is simply high-risk asset, like another. Like if you invest in a start up of buy shares of a small cap company.

And what happens with those highly volatile assets when there is a crisis? People sell them to obten the most liquid asset: cash. Fiat money.

It wasn't created with that purpose. On the contrary, it was created to protect hodlers from the abuses of the financial system and central banks. But nowadays it isn't working that way.

Most of us in this forum believe that BTC is a unique asset that has value in itself for its unique features, thus it has to appreciate a lot in fiat terms, to six figures, maybe to seven figures and maybe there will be a point where it won't make sense to compare it to fiat. Both because of its intrisic value and because of the fiat inflation.

But the market doesn't reflect that way of thinking. That is why I've started to wonder if we are biased.

We had a mini crisis starting in March but we seemed to have recovered pretty quick. Now imagine that we enter a very deep crisis. A deep and long one.

Do you think BTC will appreciate?

I'm sorry to say that I don't think so. Most people would sell bitcoin, as well as other assets, to obtain liquidity.

I would be glad if someone persuaded me of the opposite, though.

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