I wonder how did he lose that much money. I mean in what way.
1. Did he got attracted and fell into these typical investment scams that are promising very high return in just a short amount of time.
2. Did he invest all of that money into some new projects out there or a low-market cap coin.
3. Did he trade, and lost eventually.

P.S. Well, thanks to @Poker Player for clarifying because as I'm posting this, I saw his post, and I saw that the guy lost his money into gambling, and he even tricked his mother. This just shows how ridiculous a person can think when it comes to gambling to the point that he will fool anybody, and even your family member.

I would agree except on the part that Bitcoin is the savior of crypto.

Savior of crypto? Like Bitcoin is "God"? I mean come on. Many people are using different words with Bitcoin that isn't related at all. Bitcoin can't save you in crypto? What if the bear market happens? Will Bitcoin prevent you from getting your money lost? Will Bitcoin save you if all those altcoins go down? Bitcoin isn't the savior whatsoever. Bitcoin is just an investment, an asset, and a currency that's all.

Quit Borrowing? Why should I quit borrowing money.
Robert Kiyosaki is using debt to earn more money. More businessmen are borrowing money on the banks so that they don't pay taxes. Why should I quit borrowing money if I know that I can earn from the money that I borrow.

After all, it all comes to where will you use the money that you borrowed. We know that there are 2 types of debt which is good, and bad. Good debt is what businessmen like Kiyosaki are doing. They are borrowing money to earn more money thru their business. On the other hand, bad debt is a type of debt where you will use that money to buy something that you just want, and it will not generate any income for you as the borrower.

There's nothing wrong in borrowing money because I'm also borrowing money just to have money to invest. I can pay it monthly so there's no problem for me. Borrowing money to invest is a good thing while borrowing money to buy things you want is a bad thing. Don't say to us that we need to "Quit Borrowing" because it all depends on the use-case of that money.

If you already bought an asset, you are considered as a risk taker already because you are taking the risk of a potential loss.

It all comes down to how risky an investment or an asset maybe. Bonds is an asset with the lowest risk. Stocks has more risks than Bonds, but lesser than crypto, and speaking of crypto, it is for me the most riskiest investment currently. As long as you invested into something that can't give you guaranteed returns then I guess it is considered a risky investment. Whether it will be precious metals, or things you got from an auction, or an NFT whatever, as long as it's an asset, you are already taking risk because you don't know if you will get profit or loss from it. I forgot that business is also added because you are risking your capital into building one.

Well, I already bought Bitcoin years ago, so I guess I can consider myself as a risk taker already.

Just imagine if the Warriors are the ones that the Suns are facing.

The defending champions Vs. the supposed champions of this season because they are at the top in sportsbooks to win the championship when they got KD. What will Durant feel if he got beaten by the team he left because he wants to be the main man on the team? PG13 will not return at least in the first games of the Suns-Clippers, but I hope he will be just ok. The roster of the Clippers are very deep. They got shooters, defenders, reliable big, all-star player, reliable role player etc. but I just don't know if they can defeat the Suns with or without PG13.

I think they have a huge chance that they will retain that 7th spot, and will face the Grizzlies in the first round. After what happened to the Wolves in their last game, and add also the injuries from McDaniels who is their elite defender, and Naz Reid who can stretch the defense of other teams, I don't know if the Wolves can defeat them, but who knows. We might see an upset coming from Towns and Edwards.

How will they do it? I mean I'm thinking of possible ways for them to seize our Bitcoins, but I can't think of any.

This is also the reason why many people here doesn't recommend storing your Bitcoins into some centralized exchanges because the government can just file a lawsuit against them, and then when they become successful, they will seize the Bitcoins like what they did to Chipmixer.

How realistic is this to happen? I don't think it will happen, but they are capable of doing it just by passing some laws. Overall, this is the reason why I always wanted to put it on a wallet that I have a full control of it. I think it's a good thing that there are countries that aren't doing this kind of thing. I mean there are some countries out there who are either crypto-friendly, or just a neutral, doesn't say anything with regards to crypto, and just letting their people use it.

This is also what I'm waiting. The official announcement.

Like you, I've also seen numerous articles regarding the fight. Some are doing a bit of a clickbait-y one saying that it's done, but if you will read the article, it says there that both parties are still in talks. Well, if this match will be happening, I guess boxing fans will be the happiest fans this year.

I mean Tank Vs. Davis, and Spence JR. Vs. Crawford, and I expect more in the future for some popular boxers. That 2 fights alone might be a candidate for battle of the year.

Will wait, but will not expect too much from it, so that it will not be that hurtful just incase it will not happen.

Well, it's a surprise for me that it reached the $30,000 just today.


I mean it wasn't really a surprise, but to see Bitcoin surpassing that price after moving sideways for almost a week made me surprised. It seems like the bulls got the control already over the bears.
I guess congratulations to those who bought Bitcoin at a lower price. I see $30,000 as a psychological resistance, so I expect that after this unexpected price increase, the price will go down below $30,000 again. Just my speculations.

Anybody who can share why this happened? Any news? Or it's just that investors bought and nothing more.

Also, include the fact that the Wolves suspended Gobert for one game for what happened between him, and Anderson. I mean that game is against the Lakers, but anyway if they will lose to the them, they still have a chance to retain that 8th seed if they will win against the winner of 9th-10th seed.

Now assuming that the Lakers will face the Grizzlies as the 2-7 seed. It really sounds interesting, but I think that the Grizzlies will win on this one, but in 6-7 games, or at least they will be having a hard time defeating the Lakers. A young Grizzlies team against a veteran, and full of experience Lakers team. TBH, I'm rooting for the Grizzlies, but I still think that the Lakers has a chance knowing how they improved after the trade deadline. The problem with them is the inconsistency of their main players, and injuries since we know that LeBron and Davis are prone to injuries already. If both of them alongside other main players will play the whole series, I think they will have a chance, but I'll go with Grizzlies with this one.

I would love to see the Grizzlies advancing to the second round as well as the Warriors, so we will see an interesting match-up in the second round.

I did read your long post, and I'm pretty sure that there are many here in our country who are experiencing the same as your uncle, or even worst.

You said that you uncle is doing okay though even with the economic downturn that we have face worldwide. I've seen some sailors (or in our term, seamen) here in our place that are now having a hard time because they didn't save any money when they are young. They've spent it on some things that they didn't need, and when they got old, they are now having a hard time. Just to share. My older brothers are sailors for decades as well, but the good thing for them is that, they know how to save money for their future. Unfortunately though, they are a bit hesitant, and a bit new when it comes to investing. I didn't follow them because I want to do something different from them.

If I will give some tips aside from what the OP has share which is "Always plan for the future", I think these are what I will say.

1. Invest. It's isn't that hard to invest right? If you are quite new, and you really wanted to invest, go invest into index funds. If you are more risky, go invest into stocks. Investing in assets, particularly those who are giving annual dividends (stock market) is the way to go. Imagine you build your base when you are young, and when you are old enough, and can't work anymore, you are getting annual dividends without doing anything. Imagine how much Warren Buffett is getting annually in his dividend stocks.

2. Save. The younger you start, the better it will be. Don't save for the sake of saving, but have a deep reason to save whether it will be for emergency funds, or you want to invest into something etc. Always save for the future.

Having a high income is useless if you don't know how to invest, and save. You will not work forever, so build a base when you are young. Invest. Save. These are the things that will help a person when got old.

In this last week, we've seen Bitcoin moving sideways from around $27,500-$28,500. TBH, it is hard to predict what move will the price of Bitcoin will be in the next weeks. Yes we've seen Bitcoin moving up in the month of March which is quite exciting, but it seems like it's having a hard time surpassing that $30,000 psychological resistance.

In the past 14 days, it touched the $29,000 only "ONCE" and after that, it went down immediately. It didn't last long, and I know that most of the users here are very optimistic with regards to the price of Bitcoin because of what happened last month, but I have this doubt in my mind where maybe we might see some sellers selling their Bitcoin for this month. I don't know, but it's just what I feel. I'm still bullish on Bitcoin sure, but I expect a bit of downward movement still after this sideways movement.

Governments has a duty to help the people, but on the other hand, it's wrong to solely rely on the government in terms of our daily needs.
Yes we can survive still without the help of the government if we only know how to survive without them. The problem with most of the people is that, they are relying most of the time to the governments. There are people who are just waiting for the funds that the government will give to them.

Why expect for the government to create opportunities for you when you graduate? Are you that popular enough for them to help you? There are many graduates out there who doesn't have any job at all. In the past administration here in our country, they revised the education system years ago, and added 2 more years to study so that you can get a job after you graduate from secondary. Ending? Their plan failed, and now the families of the students are the ones who are suffering because of the additional fees that they need to pay in the school.

Point is, don't expect too much on the government. They will help you in any way possible, but don't rely on them and instead, focus on being a successful person without the help of them.

One punch, and then back out.
I don't know what's the root of that, but I'm just hoping that this will not affect their performance on the play-in tournament.

He apologized in the group chat? I guess it would be better if he will apologize in person with his team right? I mean you will feel if the person is sincere or not in that way. Well, like you said they have an important game against the Lakers. On the other hand, I'm looking at the injuries of the Wolves team, and there are some notable players that are currently injured. McDaniels which is their good defender is injured, and same as Naz Reid who is a reliable big and can shoot threes for the team. If they will suspend Gobert for one game, it will affect the whole team's performance as they will not have any rim protector at all aside from Towns.

Overall, this short scuffle must not let the morale of the team go down, or they might be having a hard time winning against the Lakers. Well, if they lose against the Lakers, they still have a chance if they will win against the winner of the Pelicans-Thunder.

If an asset will become a global reserve currency, I'd rather pick Gold or even silver than Bitcoin.

In short, there is little to no chance that an asset will be a global reserve currency. Government wants to control the printing of money, and that's why Nixon shock happened in 1971. Also the fact that it's volatile is another reason why Bitcoin isn't a suitable candidate for it to be a global reserve currency.

I feel that there are some people are thinking way too far especially with regards to Bitcoin. Bitcoin as a global reserve currency, Bitcoin to replace fiat etc. etc. but always think that Bitcoin is still exists for only 13 years, and to think like this? There's nothing wrong, but it's almost impossible for it to happen.

Maybe let's just be happy for the fact that Bitcoin right now is being accepted by different establishments, and businesses.

None.
There might be some here who made some mistakes when they were a newbie, but I can't remember one, or I think I really didn't made one.

I don't think that joining bounties when I was a newbie was a mistake though because I learned still because of being active at that time. I joined bounties, but I'm slowly learning. I didn't make some shitposts like what other users are doing right now. I mean I can't think of anything.

Hmmm. Maybe I can consider my temporarily lost of my account as my mistake, but aside from that I didn't made any. I didn't get ban too in the past.

If only Pogoy shot better, I think the TNT will win.
I'm not blaming him either because there really are times where a shooter will be having a bad night, and it's the same with him.

However, being like that for 2 straight games will be a disaster for them, and it's the PBA Finals already. They don't want Pogoy to play like that again, and I don't also think that Pogoy will play like that again in Game 2. As usual, the 2 imports fought each other very well. Brownlee with 31 points and 12 rebounds while Hollis-Jefferson got 30 points and 20 rebounds. Both imports played well. It's just that the Ginebra locals played better than those of TNT that's why they won.

Anyway, it's like a chess game where the losing team will make some adjustments for them not to lose 2 straight. TNT will bounce back (like always), so maybe betting on them would be a good choice.

It depends on how you see Bitcoin.

Some see it as a currency where it's main purpose is to be used to pay for different transactions. On the other hand, some people see it as an asset where they will hold it until a certain amount of time, and will sell it when it reaches their target (like when it reaches the price or the time). Aside from these 2, there are also people who see it as both a currency, and an asset, and I'm one of them. I've been using Bitcoin to pay some of my online transactions for years already, but at the same time, I've been holding some Bitcoins for long term.

If you're opinion or you think that Bitcoin is a good coin to hold then there's nothing wrong. Is it a positive mindset? Yes it is I guess because you want to hold Bitcoin hoping that it will increase after 3-5 years or even more.

We all have this feeling that "Bitcoin's adoption is really slow", but when they're ask for any proofs that the process really is slow, they can't give anything.
As for adoption, do you think that it will take only 13 years for Bitcoin to be fully used by people around the world? It will took a longer amount of time before many people will be using it. Also take note that not all of the people have gadgets that can access Bitcoin.

Bitcoin being used for criminal activities. Fiat currency is being used for criminal activities as well so what's the difference?
Bitcoin as a bubble. They think that way because of how volatile Bitcoin is, and I think there's no way for these people to change their minds unless they will get used to it.
Bitcoin being used for gambling purposes. I guess it's a good thing since it just shows that many people are using Bitcoin.

Convincing people that they're wrong. I don't know if it's only me, but I don't really like convincing people when it comes to Bitcoin especially if they aren't interested in learning it. Yes we can educate those who are interested, but those who are interested doesn't look Bitcoin that way IMO. I'm pretty sure that they will learn what really Bitcoin is. Create a system for criminals? It's just a waste of time. Just let them use Bitcoin for their criminal activities because after all, fiat currency has been used for that purpose as well, and yet, no one is stopping them from using it.

Well, I guess they really didn't want to enter either the playoffs or the play-in tournament because of what they did.
Kind of surprising that they admitted it, and like you, I'm also disappointed with how the NBA is right now. Well, I guess this is the possible reason why they let that game lose: LINK

Referees making bad calls, referees making some decisions base on their feelings, and their past against the player, our Commissioner that's very soft, etc. etc. I guess there really are bets involved on this one that's why they admit that they threw the game, but it will just be a theory in the end because we don't have proof to back it up. Maybe they just threw it up because they wanted to. They threw it up for some personal reasons.

Overall, the Mavericks will have a huge change this upcoming off-season not only with the players, but also the management as well. They might fire Coach Kidd after this disappointing season with the team.

At the time I'm posting this, the gas fees range from $0.77-$0.85 which is for me not that high TBH. You only feel the high gas fees if you are sending small amounts of coins under Ethereum Blockchain.

As expected, more transactions will happen in a bull market, and when there are many tokens under Ethereum that are being traded, there will be a network congestion then after that, gas fees will increase because many people are willing to pay more gas fees just to let their transaction to be a successful one

Most of your tokens are ERC-20? You're asking for a good way to prepare? Maybe a few months before the "expected" bull market starts, put the coins that you will sell in to different exchanges already. In that way, you will not wait for your transaction to be successful, and at the same time, you can sell your tokens immediately. The question is when do you think is the "expected" bull run?

I did hold some CAKE tokens for quite some time, and ended up as a loss. A bit disappointed at myself because of my wrong choice of investments, but it is what is.

I think there are many people who already observed this kind of thing that there are many scams coins that are being created not only on Pancakeswap, but on different DeFi Exchanges. This is also the reason why developers, and other people are sharing their token address whenever somebody ask because that's their only way for them to prevent others from getting scammed. Unfortunately, there are still people who are getting scammed, because they aren't asking sometimes.

Overall, I don't like DEX'es either because of the fact that many scam coins, dead projects, and abandoned projects are there. Maybe the only DeFi that will survive, and will see another bull run is Uniswap.