I do not think that we are here just because we have over-corrected, we have come here because of technical stuff. What are those technical stuff? They are stuff like auto liquidations and stop losses and all that, some people did sell of course otherwise how could it go down but there were a ton of those automatic stuff as well, and do not forget trading bots, they all sold as well when they saw it going down and there are tons of them.

So "normal response" happened, and it wouldn't be this low now if it was just that, all those excessive came from automated stuff and that is why we are even lower. There is nothing wrong with it, it helps us going up so it is bound to hurt us when it goes down, we have to take crypto market with the bad if we like it when it is good and there is nothing wrong with that. Just let it be for now as it is and it will go up.

I wouldn't really claim it "ruined" the market but it didn't help that dogecoin got up incredibly high, it was literally 0.003 cents, now it is 23 cents, and at its peak it was 70 cents! You know how much money required to make a coin that high? Too much, billions of dollars total need to be bought and not sold in order to make it that high.

So, did it ruined? I do not think so, but it sure did not help because instead of a lowly memecoin getting that much attention, if we had like the top three got that attention we could have seen them a lot higher, give the same amount of money to bitcoin and we could have been 70k+ easily, maybe even more. So was this drop caused by memecoins? I am sure it was not, but it also hurt the fact that other coins at the top could have made us all a lot more money but instead it just went on a coin that eventually became a joke.

You are one of the lucky ones, it is very rare that we get to chat with anyone at the top at these days, it is a shame to not keep in contact with them. I have chat once with theymos before in my life waaay back in the day and it was about the future of bitcointalk and what he was intending to do, and I have talked with vitalik once and eth wasn't even a thing back then, it was all about bitcoin and how the adoption could be increased to get bitcoin accepted in other places.

What I realized about these people, people who are at the top of the crypto fame list, is the fact that they do not have much time, which means they have to act in a rush and that usually means they have to change their minds about what they want to do, which means Charlie could had amazing ideas for litecoin back in the day when you chat him, but that doesn't mean that he still has the same feelings about it, publicly or not.

I know you are a very good gambling gusto and I trust your judgments in regards to gambling places, very few people could come up with a ranking system without getting paid by places and actually do a n honorable ranking that is true and legit (albeit still subjective to personal opinion, yet not based on money received is a big jump from all other places in any case). However this doesn't seem to be neither a gambling problem nor a problem to begin with if you ask me.

If they are somehow affiliated in a business manner (as in same owner or similar stuff) that would still not make betfury any lesser place, and if they are only affiliated as in working together, well that is what business is for, you work with other places to grow together. I would be delighted to learn if there is any downsides to any affiliation between two places, not that I am judging you, I believe you know things better than I do, it is simply a question to learn more about the topic to have a better look at it.

We have always been here as small time bettors and I have been part of primedice community on the first day it was created, I in fact remember the time when we had 10k satoshi faucet that we could simply abuse by refreshing the page and that was swiftly removed from the system because of how easy it was to abuse it and changed it with a leveling system that gave you something instead.

In accordance to my experience in stake I have to say that there has been a shift towards caring about whales a lot, and not caring about "shrimp" (what people call small time gamblers like me) enough, which is a problem for me and people who gamble in amounts closer to what I gamble, however at the same time that caused the VIP members to get more and more advantages, so much so that eventually Stake managed to get whales and helped them be happy to stay and gamble here. This 474k bet is a proof that they are very good at keeping whales happy and gambling, nothing more.

People hardly mention Elon Musk these days, so I don’t think it has anything to do with Elon Musk. But there has been news about the Agricultural Bank of China (ABC) ban on Bitcoin. So, I suppose that’s what has led us to this decline so far. The price is at $32,000 right now. Even the price decline we have experienced before now, a lot of people believed that it was also caused by china after a particular province stopped cryptocurrency mining.

A lot of people believed that that was what caused the price to go down. Now this is another story, seems like china is out to ruin the cryptocurrency market for this year lol. Anyways, after a bull run there is always going to be a bear market.

There's always a risk of price movement but if the coin you are trading has good market cap chances are that it won't drop in the time you withdraw and deposit coins from one exchange to another. Newly listed coins are risky though and one should avoid taking chance in such pairs because the market might look unstable and profitable from an arbitrager's point of view, but this isn't always the case, the market may become liquid within hours.

Sell "high" in the sense that you should be profiting is the correct way to do it, sell "high" in the sense that you should find the peak point is the wrong one. I just wanted to clarify that because there are tons of newbies that may mistake the two. I personally do not sell at the high for both times, I sell when I feel like I have enough profit and I want to get out, I am a big time long-termer so I am always in favor of holding as long as possible.

But for someone who wants to learn trading, that means buying and selling quickly instead of investing long term. That is why it is always a big deal to get out quickly. I even used a bot to trade that calculated like all the costs and gave you 1000 satoshi profit each trade, normally you would profit even more because of the fee, but in the end whatever you traded 1000 satoshi was your profit after all expenses, the idea was to make tens of even hundreds of these trades, it worked like a charm until bear market came in.

Well, it is a bit different than gambling. In trading you may or may not make a profit and it is "gambling" in the words sense, you risk something and you may win or lose. However the real gambling has house edge, which means you will always and always lose in the long term, there is no scenario where you will end up winning in gambling as long as there is house edge, this doesn't mean you will lose each time, obviously there are times when you win, but in the long run house edge will cause you to lose all of your money for sure without a doubt.

This is why I think it is quite obvious gambling and trading are different things, I personally believe that there is a good chance we could end up with profits in the trading world, it is not going to be that simple but it is definitely out there and possible. So that is the difference between those two things, not similar at all.

I always say, the big clubs need to find a way to get Bielsa but they never listen. This dude managed to bring every club he worked with into a higher level and yes dude is a maniac that would not be a traditional manager who will just work when needed and leave, he is not going to give you just one scheme and leave neither, he is going to change the whole culture and make everyone work much much harder, all those super stars like Kane and Son? They will still have to work harder than any time in their lives, even at that level they will be forced to realize they are just cogs in a machine and that's it.

I know that is why nobody at huge clubs hire Bielsa because there is a chance you can cause your superstars to leave because they do not want to max their effort, but if they do not then let them be, Bielsa at Spurs would turn that club around and make them a winner.

There are still a lot of good coins that are doing very well more than the meme coins you’re talking about.
And I do know that there are also some meme coins that are doing good when they are not supposed to.

But, I think that the reason why it seems like meme coins are like a trend this year is because of what we have seen happening this year. Dogecoin was doing well and that has made a lot of people to think that every meme coin they see in the market has a potential to grow. There is no need to talk about how it all started because I think everyone knows about it.

Well, it’s now like a regular thing for community; every new idea that comes into the market gets hyped and after that, they all fade and people stop investing and talking about them again.

Well, it’s not like it is completely gone, they are still going to be function, but they are now going to be at the level where they are meant to be. It is a normal thing for new things to get hyped and the hype is what results to the very high value they get. When the hype is over, they fall to the real value that they are supposed to be at. It’s the same thing that happened other ideas that came before NFT.

Uuhm… I don’t think your stats there are accurate. Where did you get those stats that up to 46% of Bitcoin transactions are illegal? I think that is wrong. You should have left a link to the source so that we as well can check it. From what I know, which I am very sure, and it was according to CNBC.com, only 0.34% of cryptocurrency transactions were illicit transactions. Before now it has been around 2%, so that means there has even been a decrease.

So, how did you come up with the 46% you have here? And in case you don’t know, fiat is more often being used for illicit activities more than Bitcoin. Bitcoin doesn’t even come close to the rate at which fiat is being used for that.

Well not every person makes an income weekly or monthly, there are also traders as well, look at big banks in wall street making money depending on how great their profits are that year, there are years like 2020 and 2008 where they lost a ton of money as well, yet it is their job, sure many of them got fired because of what happened but at least we all know that it is possible to not have a certain set of income.

Same goes for gamblers, they could make a ton of money, could make a small amount, lose a small amount, or lose a ton of money all possible in gambling. If you are considering a casino game as your income then you are going to end up poor that is for sure, there is house edge and you will end up losing it all. However if you are a poker player, then you can make a living out of that and many high end poker players did made money that way for all their lives.

That is the thing about charts, right now I can bring you 3 different charts, one that shows it will go down, one that will show it will stay around same, one that will show it will go up. All of them will be from the same place as well, it will not be anything different from any other place, it will be basically just different approaches to different stuff, you can definitely make that kind of predictions in crypto if you want to.

I know it is not that simple but it is definitely doable, all from same start point to end point. So long story short, all predictions are wrong, even the right ones are wrong because of how they just got lucky and wasn't right because they knew something, no person in history of crypto started a prediction and kept predicting it right time and time after again without ever being wrong, all you can do is hope that you are usually right, and rarely wrong.

Offense is not taken just by physical look, you can look amazingly handsome or beautiful and still not be rich at all, or you can be rich and not look good at all, look at all the rich people, jeff bezos, bill gates, warren buffet, Elon musk and none of them really cares about how they look, so it is rarely that.

It is usually business and normal life stuff, when someone tells you something if you are poor that means you do not have power and that usually hurts you, a boss screams at you, another person gets angry at you, it is always possible, when you are like jeff bezos who can come up to you and scream at you for something? I mean maybe people could in general online, but your normal life do not have those people. At the end of the day if you are not sure about it, then you are not rich enough because rich people just live a cozy life with everyone sucking up to them.

Well, there were coins that didn't make too much profit in the past year (not common I know) and there are stocks that made 7x profit in the last year, so it is about how well you are at what you do and not about the market prices. I personally believe that there is a good chance we could end up with a profit in crypto if we are calm and collected instead of trading like crazy, but there were too many people who lost even during the biggest bull period as well, no idea why they act that way, like all the profit will be gone if they act slowly, but there were those people anyway.

Long story short if you are sure about what you are doing, then you should be feeling alright about either stocks or crypto, as long as you pick the right thing then you will profit as well. However one thing always boggles my mind, stocks are based on companies, crypto is a currency, why do people keep comparing them all the time?

Well when NFT was in a bubble, all you had to do was create one that looked good and then sell it, that is it.
I have seen people make "gif" nft's and sell them for 0.5 eth at the time, and that is not a small amount because we are talking about nearly bulk selling level as well, dudes made like tens of ethereums just from those things and that was insane, you could even make like "limited 10 amount" and then create 10 of those things and that would be like 50 ethereum total, at the 3k+ levels that is 150k+ dollars just from selling 10 gifs, can you imagine how insane that is?

Obviously people who buy them sometimes made some money, sometimes didn't make any money at all, there are nft's that loses its value the moment you buy it, one second after you bought, you can't sell it for 10% of what you bought it for, but there were some that gained value as well. Nowadays since market is not doing great, I think nft market is not doing awesome neither.

That is not the point, that could be true and that's fine. Let them all go up together and all go down together and that's fine. What we need to know is "how much" and that changes a lot. Like let's say bitcoin goes up 10% but ethereum goes up 20%, that means ethereum is doing great, if bitcoin is going up 20% but ehtereum goes up 10% then ethereum is not doing good.

There are times when bitcoin goes up, and others go up as well but not as much, those periods are when it is bitcoins time, and then there are times what we call "alt season" where bitcoin goes up but only a bit, whereas other coins go up like crazy. That is what I believe will make a huge change in crypto, alt seasons are places where everyone makes insane returns, because 10 billion dollars going into bitcoin will make it go up a bit, but 10 billion dollars into any other coin would make it go 5x easily, some of them even 100x, that is why alt season is much more profitable.

Your topic is totally different from what you have written in your post. Your topic says that Bitcoin mining has closed in China, but your write-up says that it’s just one province in china that ordered Bitcoin mining to be stopped. So how does that affect miners in general? You would only say that when it is something that is being carried out in the whole of China.

For now it is not, so I believe that Bitcoin mining will still be going strong there. I don’t know the reason why that particular province have decided to ban bitcoin mining, but maybe the miners can move to other locations where it’s allowed.