I fully agree with you, it makes no real sense to try and push our children to become crypto investors in their teens. As teenagers you want to have fun and enjoy your time with friends outside. School is already enough learning that is forced upon your kids and most children struggle with finding the right interest in life that leads to a good career. Just because we as parents want our kids to be active crypto investors doesn't mean it's going to happen. We shouldn't also forget that almost any child will have a rebel phase where it doesn't want to do what the parents tell him to do. During such a phase it seems nearly impossible to get our kids to become crypto investors. In my opinion it's much better to make a small portfolio for them and transfer some coins into it. If they are interest in it then teach them, if not then it's okay too. It can be that the interest only comes later after high school and having already a portfolio in their name can make their start much easier. 

While on paper the two might seem very similar they are in fact not actually so similar. Technical analysis is a great tool to help us trade financial securities, it doesn't really matter if it is Stocks, Cryptos or Forex. As long as the financial assets have trends that we can identify with the technical analysis we can make a profit. The big difference in Forex and Crypto trading is in the fundamentals, which is probably why big Forex traders are not switching into the crypto world easily. When it comes to Forex trading it is very important to look at the local interest rates in a country, because you replicate any Forex trade with low risk government securities in a country. For example, if you trade US Dollars vs Euros, you already know today how the price will be in the future. Because you can sell your Dollar today and buy Euros, then invest them in government bonds with almost no risk for 1 year and get let's say 4% back. The profit you make then you can already today covert back with a contract in 1 year to USD to make a fixed profit. On the other side you have the US government bonds which for example make you 8% in one year. With that relationship you know today already that the USD in 1 year needs to rise more than the Euro because it offers higher interest rates. These relationships unfortunately don't are in the crypto world as we don't get any risk free interest with our coins. It's better to focus on one sector of the two and not at both at the same time in my opinion.   

Over the years I made quite a few purchases with bitcoin, I bought most of my latest PC games with bitcoin and also my last PC upgrade was paid with bitcoin. In CSGO I bought and sold a lot of skins with bitcoin, but all of these purchases were nothing special. My only real special purchase with BTC  was my bicycle, which makes me happy every time I use it. Now during summer I use it almost every day and it reminds me of the good things coming from the crypto world. My dream would be to maybe one day buy my own apartment or house with bitcoins, which is a dream that is so far away right now and could take a lifetime to achieve.

The fact that an AI that only focuses on gambling will never stop gambling is a big problem in the long run for the users. It would require constant human oversight to ensure that the AI is not gambling away all his winnings. The self learning aspect of the AI would let it try out all possible strategies and only stick to the most profitable ones. But the main purpose of the AI is to make money, which can only happen if it actually games. So it would need to increase the amount of bets or number of games played to constantly increase profits. This is a huge risk as we can't control the AI anymore when it gets too large and it could lead to big losses if there is an error in the coding.

That is a really good question, because I think that many of the long term Bitcoin holders have set a specific goal in their minds at which they would start thinking about selling their coins. 100,000 USD seems like the first major milestone where some of the older investors who are holding bitcoins for years would consider selling some of their coins. Personally I had planned to sell 10% of my coins when we reach a new ATH above 100k to buy something nice for me and my family. The question is of course, who would buy all these coins then and can the price maintain a such high levels. If all of sudden the exchanges get flooded with sell orders then the price should drop considerably. The only solution would be if the future outlook for Bitcoin is so strong that investors would expect to rise much higher in a short period of time. Then there could be some larger corporations trying to acquire more Bitcoins leading to strong upward pressure in the market.

Let's see if this fight is really going to happen, if it does it's definitely going to be the highlight of the year. I think many people are hyped to see Elon Musk and Mark Zuckerberg fighting it out. There is already potential betting happening and in the future I would expect many people to try and place their own bets. The question of who would win is a bit hard to answer, because both of them would get the best personal trainers you can buy for money. I would expect Elon Musk to be the big fan favourite as Zuckerberg has a lot of negative press, but with the age difference between the two I would think that Zuckerberg has the advantage. Also from their appearances Zuckerberg looks more in shape that Musk. As for a possible influence in the crypto or stock markets I don't think so. Why should such a high public fight have any implications, it's not like they are betting for anything.

I agree, learning to play a video game well is much easier than go play a physical sport at a good level. You constantly need to be in shape, only eat healthy and work out a lot. In gaming you are sitting comfortable at home and can have a snack aside. The gaming industry was one of the fastest growing sector over the last 10 years and a lot of young adults keep gaming today. That's what is one the most attractive points to also gamble on Esports. If you play the game yourself there is more interest in watching the professionals play and also you have more knowledge about the game and leagues which gives us an advantage to bet on the games. Especially during big tournament I like to bet on Dota abs CSGO games as I still play both games today.

I don't think becoming a billionaire is a great goal in life, I would rather have a few millions and have a good life with my family then spending all the time working and be a billionaire when I am old. It seems unfair that a few lucky people can have so much wealth concentrated, but that is part of capitalism and international trade. Having one life changing technology that everybody wants can make a person rich overnight. Companies being traded publicly will see their value change a lot and most wealth of the billionaires is not cash but rather companies they own. It's hard to really tax these individuals because of their global presence, most of the companies operate internationally and will just move their headquarters to another country with a more friendly tax system. Same goes for the billionaires themselves, they can just give back their passport and immigrate to another country. There is a lot of competition of small countries to offer tax haven for billionaires because they attract more business and other form of income for the small country.

I have traded futures in the past and I find that gambling suits me personally better. There are quite a few differences between futures trading and gambling in a casino. First of all the risk is much higher in the futures market, because we can lose more money than we actually invest. In a casino we can only lose the money we have, there is no leverage, once our walletis empty there is no more active bet. When trading futures we have to put money in a margin account and our actual trading size is much larger, which can lead to higher losses. Once our money in the margin account is gone we will have to put more money. That's why I prefer to play in casinos, I know the games before and my chances of winning. Also I don't think someone who is good at gambling will be good at futures trading from the starts. The two need different skill sets and people should train for it.

I agree that there are a lot of similarities between gambling and gaming today. Almost any major game today has loot boxes and other rewards that are completely based on randomness. To me there is no difference between playing slot machines or opening loot boxes. With casino games we directly get a monetary reward that we can withdraw, in gaming the skins we receive are harder to sell and can even be locked to our account. There is always the possibility to sell our gaming accounts for real money. But if we are looking to make a profit it would make more sense to play at a casino that video games. At a casino we all know the games before and our chances of winning, whereas with loot boxes the winning chances are not so straight forward as it's more easy for the company to hide their scams.

I think this is one of the great risk we face at the moment in the crypto world. Whales have a lot of power in the pricing of crypto currencies as they can flood the order book with buy or sell orders in an instant. And if multiple whales work together the risk gets even larger. Many traders like me use technical analysis to try and find trends in the market, which can be influenced by the whales. Due to large sudden price changes the whale can create short term trends where many other traders are going to follow. This happened in the 90s and 00s in the stock markets with the rise of computer trading and can happen now in the crypto world. That is why it's so important to look at multiple indicators and rely on one short term indicator to trust a new trend. It's better to double check our analysis and not to overreact.

This is the most important factor for me when it comes to gambling, it doesn't matter if place bets on sports or play games in a casino. Having a strong bankroll management is the key to longterm success and we all should be focusing on it more often. During a losing streak we need to account for the change in our bankroll, the more money we lose the lower our future bets are going to be as we should be focusing on similar percentage size bets. This will protect us from chasing our losses and trying to recover our previous losses with increasing our bets. I noticed this is a lot in my earlier gambling days when I increased my bets a lot in an effort to recover, which in most cases didn't work and only lead to bigger losses. It's not only important to focus on our bankroll management when we are losing bets, but also when we are winning and making money. Having a strict strategy in place for our money helps to secure our winnings. For me the best is to take a fraction of any bigger winnings and withdraw that money, so I don't face the risk of losing it too quickly again.

It is very likely that the general use of bitcoin is going to grow over the next years even with major governments regulating crypto currencies more closely. Bitcoins offer a lot of advantages for international cross border transaction and I think that many customers will switch to bitcoin instead of dealing in their local fiat currency. The main question is if corporations would switch too into the crypto world for their major transactions. Most of the international money transfers are being done by corporations and consumers make up a small fraction compared to that. So even if most consumers would only deal in bitcoins in the future, as long as the big companies don't do the same Bitcoin is not going to be a major used currency worldwide. But if almost every consumer would use it, then the companies would have to adopt and follow the demand of the consumers.

I would say it's not the money itself but the rich families behind it that are the problem. Children of rich families usually stay rich and people of poorer families stay poor, it's hard to escape that cycle. One big factor is of course that rich parents will give a big inheritance of money and properties to their children, so even if the children don't have the most successful jobs they will still stay rich only from their families wealth. Poor families on the other side don't have houses and money they can give their children. With so much money also comes power that the family has. An important concept however I think is to be financially responsible and don't live above your means. It's usually behavior we learn from our parents and if we see that they save money and don't keep making unnecessary purchases, the children are very likely to do the same. That way we can still save some money even if we don't have a good salary. I noticed from friends that are quite poor, that they buy a lot of new gadgets that they don't really need. It would make a lot of sense to wait 1 year and buy the things at a discount. Money is important and we should try to save as much as we can.

I am very cautious when it comes to people trying to give me tips on social media. The whole purpose of social media is to attract as many viewers as possible and not give well deserved advice to strangers. In many cases an "influencer" would promote a controversial topic in an effort to go viral and become more famous even if it doesn't help his original viewers at all. When it comes to gambling and getting advice on which sports to bet on I am even more cautious as it's my own money that I would be losing. So far I never watch a Singaporean or Scandinavian football game and I don't think I am going to watch a game any time soon. As for South American games I watch some games from time to time, but never really bet any money on it as I am not too familiar with the leagues. In my opinion it's always better to bet on sports that you know and follow for some time. Betting on a league that I haven't followed before seems to risky and I don't feel that I have any edge over the people that bet on these matches for a long time and have more knowledge than me. I would expect that anybody here who is from these regions probably has a good track record betting on these games as he follows them for a long period of time.

It's definitely nice to have an account at the casinos that is in the VIP program and can take advantage of higher promotions and rakeback programs. If I had to choose between having 4-5 normal accounts at different casinos or one older account with VIP status at one casino I would always prefer the higher rated account. Given that it's a well established casino that is going to be around for a long period of time. The earning potential of higher ranked accounts is very different from any beginner account, there are a lot of different promotions only for VIPs which we don't have any access to as a standard account. It's good if we reach such a status during our gambling career, but I wouldn't only gamble with the sole purpose of reaching a VIP status. As a regular gambler these things come by playing a lot over a long period of time and we shouldn't be too concerned about the status, because it can lead to us betting above our means only to try and reach a higher status.

I think that in some countries Bitcoins are already a great alternative to the local currencies. Countries that have very high inflation makes dealing in their Fiat money hard as the value of the money changes so quickly. When businesses needs to change their prices multiple times a day to account for the hyper inflation, things are very bad and consumers might look for alternatives. Bitcoins would be the perfect alternative in such a case as it won't be affected by inflation in the same way. Another factor is the comfortability of paying with digital currencies, we don't need to carry around large amounts of cash anymore and can have a better overview over our expenses. When paying digitally we already have a summary of all our outgoing transactions, with cash it's much harder to keep on track of all the things we bought.

I don't think this makes any sense on a personal level. Why should increasing our consumption lead to a higher income? It only leads to having less money in our pockets. This statement is true on a company level that invests in their own business. You need capital to buy new machines, run advertising, create new products, etc. If you are a successful business it means that spending more money today will lead to higher revenues in the future. But for us consumers it doesn't help if we spend all our savings on a new car, long vacation and the newest iPhone and iPad. These are all purchases that don't lead to higher income for us.

It's quite a surprise to me that woman play such a small role in gambling and professional money management, and yet have all the power in their private lifes. Among my friends it's always the wife that has control over the money and will challenge any larger unnecessary purchases. This would usually make woman good accountants or financial managers, but when you look at all the top CFO positions, or money managers it's very make dominated jobs. The same goes for gambling, woman should be better at controlling their bankroll than man, and still we rarely see any woman gambling. The only times where I saw a lot of woman gambling was in Las Vegas, which could also be the case because there the alcohol is so cheap.

It is obviously not a form of gambling as it’s not a game of chances, I assume that both point 1 & 2 are needed to be classified as gambling and point 1 is not true. In case crypto currencies would classify as gambling than so should all the other financial assets we can buy and sell on exchanges. When buying stocks or commodities isn’t it the exact same thing as buying crypto currencies? I buy a financial product which value fluctuates freely and I hope that in the future the price will be higher than when I bought it. In all the cases it involves risk as the price could drop considerably overnight and would lead to a big loss. The reward we get through higher prices in the future is the compensation for the high risk we take to face a loss. If there are any constraints coming in the future, they should also come for people buying stocks and commodities, it's not fair to single out crypto currencies alone. For me the difference ebtween gambling and cryptos is that gambling happens in a fixed environemnt, the casino knows before the chances of winning and losing. Whereas with crypto currencies nobody knows the exact value of a currency beforehand and there is a lot of fluctuation in the market.