You are getting it the wrong way. Now taking a break is totally dependent on your own mindset right from the onset.

If you are taking a break because you just want to cut out on some unnecessary spending when you certainly know that is what gambling is for anyway, but you tend to still catch fun with it anyway, then, I do not see it as a bad thing.

If you want to take a break because you feel you are getting addicted and you are beginning to chase lost money, then, that is when I see what you are saying coming into play. In this case, the OP's ability to maneuver between both gambling and going with other activities simply shows his ability to control himself and to me, it should even be more like a pattern for reality check for people to know if they are still going on a good path with gambling.

Handling pressure is not even something anyone should be looking at when it comes to gambling, as long as gambling is concerned, handling yourself should always be the major priority. One thing I have realized over time, is that, as long as you have the wrong mindset to gambling, you are bound to get addicted in the long run, and the wrong mindset is basically linked with your idea of trying to chase some profit and then meeting something totally different, but because you have set your mind to it, you just keep on driving yourself and your pocket harder until you lose everything.

Anyone who understands that the chances of losing in gambling are higher than winning, they will always know better.

It is a theory and will always be a theory and there is absolutely no way China can really have that much of an impact, no matter how large the market is and even if it will, it could only end up having a temporary impact and trust me, with the way things are going with the crypto space, the level of adoption daily, people's belief and the fact that things would keep evolving with so many countries getting to see the great benefit, it will be hard for a single country to think they can make such impact in the long run.

Yes, no government could stop cryptocurrencies. I read in some other discussion total Asia weigh more than half in total population and then in bitcoin holding too. Hence, I believe Chinese people nor their government cannot do any harm to bitcoin ecosystem intentionally or accidentally too.

Usually, the risk is even greater when you are putting in a larger percentage of what you have generally. Sure, life may be about taking risks, but smart people take calculated risks. It is one thing to see the huge benefit in the future and know that the more you put in the more you will benefit, and it is another thing to also now take the risk in a whole new level by trying to put all you have into it, because of that.

I believe that is something related to greed and greedy people sometimes are usually not smart. For someone who has about $10million in his fiat account and is putting like $10,000 into bitcoin that is a lesser risk and more benefit, but imagining someone with $10000 and putting the same $10000, that is like a crazy risk that could backfire if things do not turn out as planned.

Yeah, over the years, people have tended to get jobs done in an easier fashion than they used to in the olden days.
If anyone wants to be angry with improvement in technology, maybe they should simply just go back in time and see how things have been done in a tiring fashion. Technology has brought ease, efficiency, more work being completed in a short amount of time and so many benefits.

For instance, looking at how technology has increased from using typewriting machine to using PCs where you can easily store and retrieve old information, or do we want to talk about how even in the health sector, the improvement in technology has made it easy to solve several life threatening issues ?

Technology has done more good to the society than we can even imagine and it is always a welcome development when technology keeps increasing.

Not yet time to start being thankful, as the bottom cannot be confirmed until we have seen a proper reversal of trend.
For the short term, we may have reached a bottom, but in the long term, we really cannot say we won't still have the possibility of likely stepping back down lower until we start seeing a higher high or maybe making a new statement with new ATHs, and there and then, we may say bitcoin has been able to make $6k as a bottom.

Although, a lot of people want to assume that this is a bottom since it goes alongside mining cost at the moment, but none the less, we have seen prices going lower than mining cost in the past, so that does not give a full guarantee.

There will always be a downtrend year, as you cannot expect that bitcoin would just keep going on.
You think the years in between those bull year mentioned, did not have some huge drop in price as well ? Then, maybe you should reverse on history and go check it out.

As it is, I believe that what we are having now is just some healthy correction and with the potential growth in the future, people should keep seeing it as a chance to get in at a good price rather than seeing it as a bad year. It is not a bad year, it is just a bear year, how bad it is or how good it is, depends on the way you want to take it.

Not everyone understands the way market is and they always expect that they just end up getting the same repetition year in year out for the price to keep skyrocketing to the moon the way they please.

Also, for most part of the people that hopped in last year, I am sure they will want to keep having that mindset that the same bullish move that occurred last year will occur this year to start setting a new ATH record, but things usually do not happen that way after a bear trend as there would always be huge resistances to cross as we move up unless we just see some high level of demand based on news with some squashing of sell walls as we move higher.

No, people are actually the most unstable in the universe and they just tend to move in the direction where the wind pushes them towards. That is the basic fact, we are observing every part of the world. When cryptocurrencies will become a stable priced system then it will act as more currency rather than how it is being used now a days.

If you tell people today that investing in the dip is always the best way to go, they will tell you market is dead and tell them to not be jumping in front of the moving train, they will tell you, you are just some dude trying to block their progress from getting rich overnight and the whole funny part of it is that, they never learn.

The thing here is that most people are usually the ones that give the scammers the chance to still be able to have an upper hand in getting whoever they want to get as long as there are greedy people looking for easy ways out to get rich overnight.

People in these categories have always been known over the years to be the victim of scams and the painful part to it is that they just do not learn and all they do is whine about some decisions they ended up making and how scammers are huge in the system, but not knowing what they should do themselves to stay clear off the scammer radar.

Definitely, that is something absolutely no one can know but at least signals are showing bullish at the moment, we can see participation brewing strongly in the market, for what it is worth, ETH has pretty much given a good bounce at least in the short term and possibly we may be setting a new course at the moment for an uptrend but how the market will develop is best known with time as no one can tell, but for what it is worth, I would say this is actually a good time to be getting into a market with great prospect.

Like how people are believing bitcoin will hit $20k levels again for sure, similarly I too believe that ETh will have value better than $1000 in coming months. But, a confirmation from the entire crypto world is more important. A confirmation may be a government's adoption of bitcoins or a market giant's adoption.

That is what happens when people just tend to come up with some baseless assumption in the market and think that market would just soar high for no reason as long as they think so. We are really in Q4 and EOS has not made any serious move yet. The thing about a market is that it is unpredictable and those who listen to people like the OP to make decisions are just simply playing with fire. Better to just invest and hold for the long term, knowing the potential of what you are investing in, or follow the trend as a trader.

The OP made mention of this happening in Q2 2018 and unless maybe I am the one who is doing a time travel, I want to believe we are already in Q4 2018 and that simply shows that you cannot make decisions for the market or just make some long term predictions based on your stupid thoughts, because no one can see the future at all.

Depends on where you live. If you live in a place like USA or China than there are big places like coinbase and binance for you. However, if you live in a place where no major exchange exists than the best way to approach bitcoin as a beginner is use a local website.

Each country has their own bitcoin-fiat exchange however small it is, that way you can definitely start getting some bitcoin and still be capable of changing it back to cash quite easily. If you live in a country where coinbase can't send money than there is no point of having an account there considering you are just starting out.

I doubt if we will ever get to see any serious complaint about binance being that it is a very reputable exchange and even with the increase in volume for just a short time period, they have been able to maintain a very good standard in the crypto space. Of course, you cannot always get to satisfy everyone even if the mistake comes sometimes from each individual when it comes to security, but all the same, binance has been a very good platform to trade on as far as I am concerned.

The low fees and high volume market was actually what led me away from bittrex into binance for a while now and I have never regretted making that decision. I am sure every high volume trader would always like low fees and looking at the customer support, the fact that I have never had any reason to contact them since there has been no issue with withdrawals since I started, i must say it is an exchange worth trading on.

Sorry to say, but you really do not sound as a professional trader who has been trading Forex or cryptocurrency for a while because what you just dropped is not a good strategy and a lot of people that have gone about doing that by just thinking when market is low i buy and when it rises I sell without anything to look out for always end up screwing up eventually anyway and that makes me wonder if you are just saying all these to just want to increase your post count.

Day trading most especially requires great deal of knowledge, concentration and principle than just buying and selling, as you need to know where you really want to consider low as the case may be.

Well, that is a very good start if you are looking to trading anyway but it is not like it is a must before you increase the number of bitcoin you have as you can always hedge using fiat as well. Nevertheless, where to invest in bitcoins should simply be based on every individual and how the perceive the price at that moment in time and I always believe every smart investors should always try as much as possible to accumulate the bottom.

Investing bitcoins in several other places, however, requires some great deal of knowledge and carefulness, otherwise you may end up just reducing the numbers of bitcoin that you have if care is not taken

They have always run out of bullshit to post a long time ago since they never end up having any real news at the end of the day though. You are totally right with $250k being possible at that point in time he mentioned, if all things being equal and looking at the 3.466 incremental percentage franky1 made clear and in that case, probably by then, without any craziness in the market, one might see $252,653.36 in even 2021.

Moreover, all this would just be assumptions anyway as we all do not know what the future can hold anyway, but it sounds a lot plausible.

Apparently, I do not expect him to have any concrete proof to back it up, except of course where the wedge converges to is towards $3k but that simply does not mean the market would get to that stage before it eventually picks up again. Bitcoin market is trading around $6500 like a rock and this is the more than enough proof that $5800 is still remaining as a big resistance hence we never need to worry about $3k levels.

For what it is worth, I want to believe that we are in a situation where nothing is certain at the moment, we have been seeing certain reactions in the market like the bears being rejected lately, and then who knows what is really going to happen next ?

Yes, that is when some people would wish they had join the train today than regretting it later as there will always be those laggards in the show who will regret not taking any decision as it is.

I believe 2019 will be a great year in the development of the blockchain technology as we keep seeing new innovations popping up within the blockchain technology, year in year out and then seeing things totally in different light, and with that, I believe as we move forward to next year, things would change positively like it always has.

I guess insurance could be a big player in tokenization, think about it you will pay an insurance like car or house or health and you get a token meaning that you are insured and with it you have a certain limit on how you can spend on stuff like burglary or damages or even health stuff, meaning one dollar of insurance you pay you get three dollar worth insurance token.

It is more money than you put up but it is only used for insurance so not all people will use it to fullest and meanwhile the insurance companies can invest your money however they wish so which will make them money as well.

Insurance tokens could be a great big deal if used right.