He had the chance to go the OTC way, since Kraken offered that anyway based on what I read, but he rejected it and decided to load them up on exchanged and then dump them without even bothering what effect it could have on the market. He really waited for the top to dump hard first, and then slowly dropping further.

I wish the court can order him to do his stuff over the counter, but I am not a legal practitioner anyway and I do not know if that can even fly.

Let's hope that gets to be the case. It is not even about getting there, it is about sustaining that position.
I do not expect bitcoin to start a huge bull run after a huge dump, there would be time for it to consolidate and from there we may get to see what happens next, and usually that is when we may get to see some great recovery, but it all depends as no one can predict exactly what happens fundamentally in the middle of all these. Basically, market will not mind its favorite nor against sentiments. It will keep moving among all kind of scenarios so that we can assume it is completely a neutral.

Anyone that cannot even control themselves and end up using the little they have left to keep gambling is already an addict and I totally agree such a person needs help. Normally, if you do not have much to spare, you should not even be gambling, and one should only gamble with the little they can afford to lose, because the chances of losing them is high. So, for someone to have gambled everything to the point of being left with just money for fuel? That is way too much. I may get chances to discontinue my gambling only if I am not yet addicted to gambling else continuing will be the only possible way in front of me like most gamblers.

Yes, my grandfather was an addict and he ended up screwing himself in his mid-age before finally giving up to the grave recently. Anytime I think about his story, it makes me wonder how people would use their own hands to inflict suffering on themselves when life already gave them the best.

This man was very wealthy, had a lot of businesses, built houses and even married several wives, but just decided to ruin all he had with a self-infliction from gambling and sold everything at the end before living his old age from hand to mouth. Tell me how such an experience would not make someone like me think twice before gambling at all.

From what someone has already shared, I do not think the traffic is something worth considering in this show as that is the only thing I feel could have given the OP some good buyer in this case.

If the site was properly well done, well, at least it would have been something to consider since all the buyer will have to do is to work on the marketing to bring in more traffic but in this case, there is really nothing much to get from this and whoever would want to buy this will end up not giving much. You may need to make it catchy as it looks extremely simple for a provably fair betting site.

Yes, a lot of things that we may not even have in mind or expect usually do happen along the line, but things can still go fine in the middle of it and 10 years is actually far better than some who have predicted that huge amount within just few years like Uncle McAfee ... If all things end up working together fine, with some little challenges here and there of course, it is not something that cannot become a reality based on all the things that has happened in the past. Imagine seeing $6k now as a bottom, who would have thought we would even reach $6k within this short period 7 years ago?

You did not add bitfinex on your list. Even though there has been some issue with the USDT stuff, they are still not a bad exchange to use at all. Bitstamp is also one of the oldest and trusted exchanges for anyone to make use of, so you may need to add it. There are so many exchanges, but so far, I can only confirm those ones I have mentioned for you to add up, including the ones you have mentioned, such as bittrex and binance. I would not even add cryptopia to that list.

Bittrex may be a bad choice if you concern about your anonymity. Binance is relatively new but emerging one. I too suggest binance now a days.

Most of the things that one can do in the cryptocurrency world can easily be done as a part time and get one to earn a lot in the long run or short run, passively without much stress.

I always consider it laziness for someone who has a well-paying job and wants to leave it to join signature campaigns or bounty. Unless such a person has some huge skills that would make him get a lot or can trade perfectly well and take that as a real job, then there is no need leaving job for anything.

Normally, that should not be much of a worry. People can lose interest now, but does that mean the interest would just die down totally. Wait until we start seeing the possibilities of full recovery, then you will understand the level at which people can go when it comes to switching from one lane to the other. The good thing like you said, is that development is going on, things are changing pretty fast in the positive direction, so let's be hopeful.

People will do lose their money only when they do get panic on seeing corrections and definitely long term holders will not lose. It means if we understand the market fluctuations then we can be sure about bounce back of prices.

Let's just wait and see. So far, things have been stalling without much growth and with the way things are going with all the FUDs and no good news to really cause some bull rally in the market, we are just not making any heads way to the upper side very much. Let us see how these whole things end for now and hope that we get to see a good time in the market as the case may be. For now, it seems the bulls are trying hard to get the market back in shape.

That is most definite. We have seen people in the past like OP who thought $10 was impossible to reach and some even though the market was overpriced at $10. Those who have been in this forum long from the beginning will attest to that.

The thing is we all do not know how the future is going to be, but one thing is certain, and that is the fact that bitcoin will not remain stagnant, considering the fact that adoption is even low now.

Who could have thought even early last year that bitcoin would end up getting to that ATH. In fact some people totally ruled out the idea of $5k before the end of the year and here we are testing $6k bottom early this year. How funny is that? We all just keep speculating every now and then but what will be would end up happening and nothing can stop it and I would rather be optimistic for the future than being pessimistic.

He is just a vexed soul who ended up screwing himself as a result of his stupidity and now is looking for someone to join him to suffer the same pains he is presently suffering for selling lower and probably at loss only to end up trying to pick the pieces. I am actually happy a lot of people already perceive him to be this way and at least, maybe he will finally decide to drop his bullshit account that has nothing to offer.

In my opinion these kinds of people have nothing to offer to the community except to keep embarrassing themselves and sharing things that absolutely makes no sense and I actually implore any newbie to do the same. After all, if everyone places him on ignore list, he will be busy writing his own post and answering them by himself with no one paying attention to him.

I feel that is the most important thing here because if you do not discipline yourself, the chances of falling for FUDs unnecessarily will be possible for someone who is really having a shaky mind. When the market recovers, it may be very hard to start catching up, so the best thing is to always learn how to hold and make a good profit in the long run when it recovers, as the coins always come back big.

It is just common sense, why will you ever sell at all when you are already in a huge loss ? I have never seen a single market that does not end up recovering in the long run, and one would be happy he or she was able to garner those patience and discipline to wait because you will definitely be reaping the great benefit as time goes on when the recovery eventually happens.

I heard about the COSS contest too and that is pretty awesome. Good to hear that COSS is really trying as much as possible to get the system up and running fast for the benefit of the holders since I am one of them, and I believe in them doing a great job in the long run anyway.

That being said, trading is not an easy job and we all know that it takes a level of understanding, some real level of dedication to be able to do well in trading, you even tried that you made a decision to day trade.

Maybe the new people should start asking themselves how long it took for bitcoin to get from less than a dollar to this particular price and maybe, just maybe, they will learn how to be patient and know that it is not every time market will just keep rising.

I feel a lot of people are really missing the point, and what we have now are just people who are so greedy which is what is generally affecting the market. I know it is not easy when you see the value of your holding dropping, but those who are saying HODL, are not fools. It is from experience.

Trading does not necessarily have to consume most of your time as that totally depends on your style of trading. There is a mistake a lot of people usually make and that is to think that you only have to day trade before you trade.

You can either go short term or long term and that depends on the time you have at hand to spare and what is convenient for you. The most important thing is that not everyone can trade, but for those who can, they have more advantage than those who are holding, but not like holding is bad.

Holders generally do not lose until they lose out by withdrawing even with the loss.
What is there to wait for someone who actually decided to go long in the first place? It took so many years for bitcoin to even get to this stage, so why is every new investors today always in a rush ?

Bitcoin is not a get rich quick scheme and everyone investing should always understand the volatility risk before investing at all and that is one way to always stay out of panic.

Yes, anything can happen and from the look of everything most especially with the low buying pressure, any slight panic can cause a quick sell off very fast. If we end up seeing a really low price at the end of the day, it would really be crazy but at the same time be a whooping time to get back in at a very sweet amount knowing that may be hard to come by ever again in the future.

If it drops further then we buy further. First, bitcoin's value went way below $6500. Secondly, going further down does not mean it is the end of the world or the end of bitcoin, as that apparently gives an opportunity to buy back under-priced and if anyone is willing to give me at that price, I would be willing to buy it.

OP's question is what if, and the answer is, it changes nothing and we should stop listening to everything that we hear unless we can make decision all by ourselves and if we cannot, just hold because we may end up selling at the wrong time.

Yes, however, going down below $5890 from the last bottom this year does not sound like something that may play out as the market is really looking forward to that and there may be some huge buy orders kicking in at that time.

Nevertheless, anything is still possible, as we have actually gotten beaten lower than we would have expected with the MA200 even getting pierced lower in the last bottom, I really hope we do not get as low as $3000 for the market sake, but whatever it is, buying it is at that price. I would even borrow to buy

Agreed and even up till now, in some societies, that still happens. In my country, they always feel that anyone who gambles is either too lazy to find a real job and looking for a shortcut which eventually gets him into a tighter corner than he was before.

However, for some who do it reasonably or for fun, they really do not go out advertising their exploits to the whole world anyway. It is a jet age though, and people no longer feell responsible for anyone which makes them to do whatever without caring what the society feels unlike back in those days.