Bitcoin is an asset. Assets do no harm to you as long as you manage your risks well. Gambling is on the other hand is a liability. Liability means, it takes money from your pocket. It is not making you any money, it is making you lose money. So comparing bitcoin to gambling don't make any sense because one of them is an asset  and the other one is a liability. Owning some liabilities isn't always a bad thing as long as you don't overdo them. Owning a car is also a liability but we need cars so we can transport our physical body from point A to point B. We sometimes gamble too because we need to do some stupid shit because why not. (just like smoking and drinking alcohol)

I can’t imagine a physical casino not doing KYC on their customers. Don’t they do that already? If so, what’s the purpose of this new law?  I believe they make lots of money from gambling in Australia. If they make it harder for the players, then the Australian government will lose lots of money. That means less health care, less infrastructure, less security etc…

I think they are trying to ban gambling without directly banning it because they don’t have the balls to do it. The sheeple are not sheep enough.

It is because no matter what happens in the world, bitcoin will always have some use to some people and for that reason , there will always be some demand for bitcoin. That means bitcoin will always have a price support. That support was around $15k (probably higher now) and that support level will keep going higher because the adoption of btc is getting better and better every day. In this context it is almost impossible to lose money if you hold btc long enough and if you buy btc from these support levels you will generate great returns.

Recession don’t mean anything to you if you have enough passive income from your investments. Having some hard physical cash is important too. If your only cash flow is your pay-job, then you can worry a little bit because if you get fired, you will lose your cash flow but you’ll still have to pay the bills (rent, electricity, water, internet etc…) So you either have to have a side income which is mostly recession-proof or you need to have some cash so you can pay your bills in case of an emergency. If you don’t have any of these back up plans then the recession will ruin your life. Alternatively, you can cut down your expenses too. Just unsubscribe from the services you don’t use much.

Any investment is probably better than buying any apple products. You can create a similar chart using apple’s stock price. Don’t buy apple products, buy aapl instead so you can buy lots apple products for free. Buying bitcoin is also a good idea since bitcoin is a deflationary currency but i think this idea works better on stocks. If you like to drink cola for example, instead of consuming lots of cola, buy some stocks of pepsi or coca-cola. (Whichever is your favorite) In the long run, these stocks will produce you so much money, you will be able to buy as much coke as you want.

Another idea is buying the coinbase stock. If you like to trade crypto, buy COIN instead because this company is getting rich collecting fees from traders.

USD, GBP, EUR, CNY, CHF… it really doesn’t matter how much you diversify your portfolio because all of these currencies have one thing in common. They are all FIAT and they are not backed by anything. You shouldn’t hold a lot of FIAT that’s not a good idea. Buy real assets like bitcoin, gold, land, stocks instead and you will be much happier in the long run. FIAT only goes down against the real assets in the long run so creating a portfolio of FIAT isn’t good for your finances. If you still insist on holding some FIAT, just hold USD. You don’t need to hold a basket of FIAT because it accomplishes nothing.

Pretty much. Most alts are ponzi schemes because there are not enough people believe in these projects. So when an alt pumps to a ridiculous price, it dumps even harder because the whale that holds a big stake in the project dumps everything he has. They do that because they don’t believe in the future of the project. Bitcoin is not like that obviously. Since bitcoin is the first and the original cryptocurrency, even if some people dumps it, there will always be a strong support on the buying side. That doesn’t mean all alts are trash though. Some of them pretty decent but i still don’t see a reason to waste time on them.

ETH has a great reputation but sadly it’s expensive af to use just like you said. Litecoin, tron are fine but you missed dogecoin. (DOGE) Doge is as cheap and fast as ltc. (Probably cheaper) It is not as widely adopted as ltc but I think it is better than tron in this area. I thought eth was going to solve its fee problem when it went full PoS but here we are.  Nothing has improved. Tron is also good because I use it when I withdraw USDT from binance and tron chain offers the lowest withdrawal fees.

Neither. Marry real state rich. No matter how much you have in other assets, the money eventually flows into real estate. That means real state rich people have the real wealth. Land, housing and commercial properties… all of them are fine. Real estate too take some hits sometimes but it always recovers because people always need a physical space to live. FIAT is not even an alternative because it gets eaten away by the inflation. Being FIAT rich is not a good thing. You need to be asset-rich.

I do inspect charts sometimes but I never make my decisions solely based on TA. Fundamental Analysis affect my decisions way more than TA. If the fundamentals are not looking good then studying the charts has little or no meaning. Making decisions only based on TA is not a good way to make trades. You might make lots of bad trades that way and making bad trades mean losing money. If you are going to do TA, at least keep it simple. Moving averages and one or two more indicators are enough. You don’t need to know or use every other new indicator out there.

If you think trading and gambling have no common qualities then you don’t know a thing. Your logic is way flawed. According to you, a gambler that played dice and made $80 may also say playing dice isn’t gambling since he made $80. He made money how could it be gambling? You turned your $100 into $180, that’s a 80% profit which is quite nice however do you think you can keep doing this forever? Do you think watching the markets will always give you a clue to do the right trade? Anyway, come back a year later and inform us about your winnings, it is too early to decide on anything.

Credit cards fuel every kind of purchasing addiction out there. Women buy make-up products, men buy more home depot stuff, kids buy more junk food, alcoholics buy more booze, investors buy more stocks and finally gamblers buy more game chips. We can’t really do about it since credit cards a part of the financial system. The good thing is, the interest rates are so high right now, it doesn’t make any sense to borrow money unless you are very desperate. In this environment, borrowing money is a quick way to get poor or worse, bankrupt.

That’s a very good idea. However this education shouldn’t happen in schools because when you talk about gambling in schools, some kids will get attracted instead of getting educated. It may backfire big time. If we give this education to the adults then there is another problem. Most adults already have made up their minds about gambling so giving them a speech about gambling won’t really change their views on the subject. This idea is a sword that cuts both ways. It looks good on paper and not much in reality.

Not only crypto, you shouldn’t be talking about any of your investments under any circumstances. Don’t tell your friends, family members, your boss, coworkers about it. They don’t need to know your finances. If you make money they will get jealous. If you lose money, they will be happy. Either way they will find a way to make you unhappy. So why do it? Keep it to yourself. You’ll be doing yourself a favor not telling them trust me. Sometimes you might even get robbed because the word is out: “This guy is filthy rich!” There is no way this can bring any good on you. The more attention you gather on yourself, the worse it will be.

I don’t really think regulation is a good thing for bitcoin. Bitcoin is a lot better without regulation. If they regulate it, we will have follow every new regulation when trading or using btc. Btc will become a government asset and it will be very unprofitable for every bitcoiner. I know it from experience, governments make everything worse. The less government there is, the better for the people. Governments make complex laws which confuse people. See the American tax code, it is almost impossible to follow. They filled every loophole to catch tax evaders and they ended up with this abomination. The same thing will happen to btc.

Just don’t deposit more than you are comfortable with losing. Let’s say you deposited $100 on a casino, you should forget about that money because one way or another you will probably lose that money. 95 out of 100 times, you will lose it playing but sometimes other unlucky stuff happen too. The casino may demand KYC on you, your acc may get hacked (small chance if you got 2FA) but the worst of all, the whole casino may get hacked and then even 2FA won’t save you. So don’t feel too cocky just because you enabled 2FA on your account. A site-wide hack is still possible. Now read the first sentence of my post and it will make more sense.

Gambling is as bad as drinking and smoking. Do enough of these you will also ruin yourself. We can’t avoid every harmful habit out there because sometimes harmful&dangerous is fun. Driving high speed is dangerous too but probably every male driver did it at least once in their life time. I was fishing on the dock earlier in the day and some old fuckfaced lady came by and buzzed into my ear: “you can’t fish here it is forbidden.” Thank you mother fucking party pooper I was just about to leave anyway. Even though she was right (There were people swimming in the sea but they weren’t near), I was doing it for a reason because it was more fun to do it there. That said, Bitcoin is the only way moving forward.

No. Chart reading is basically fortune telling. What you guessed may or may not happen in the future. Nobody can know it. If it was possible to make educated guesses by looking at charts, everyone would do it and everyone would become rich. Do you know a trader who is making 100% right guesses? Of course no. There are some people that make more good guesses but give enough time they will become losers too. (Assuming that they are making their guesses only by looking at charts) The truth is, successful traders use lots of other information too. They follow the news and sometimes they get insider information. Charts don’t tell you all that.

Satoshi predicted all of this probably. What happened to bitcoin isn’t a surprise. When there is money to be made, it will be made, till it can’t be made. People saw a promising project with a small market cap (that’s btc) and hoarded it just like hoarding a penny stock with a promising future. People didn’t do anything wrong since they made lots of money doing it. On the other hand there are lots of people that use bitcoin to sell and buy stuff too. Not everybody is an investor or a trader. One can use bitcoin without having to invest in it. All you need is a btc wallet.

I don’t think so. Tbh I am not sure what they are waiting for. They don’t say “yes” and they don’t say “no” too.  Maybe they are waiting for a big price drop so they can buy the dip and then approve the etf. That makes some sense. It is probably better to stop thinking about it at this point. We don’t even know if this etf will affect bitcoin in a positive way. The prices will jump in the short term that’s for sure but what about the long term? I don’t want bitcoin to be a boring boomer asset like gold.