That would explain why they were withdrawing shitcoins. Most likely some holes in protocols that were exploited. I knew a guy who was running an exchange in my country and he once told me that one of the biggest security risks is adding new shitcoins because each of them requires separate wallet software that you have to maintain and update. For this reason many cheaper coins were being merged together and held on the same online machine. It was too much of a hassle to keep every single coin in cold storage, especially if you were dealing with coins with combined deposits worth less than 0,1 % of total assets.
BTC was probably in cold wallet and the hackers were able to siphon out some cheap altcoins. Some of the listed coins have total 24h volume of less than 10m USD and value moved off exchange of just $10k.

It's already a part of personal finance. How many people do you know who hold gold? How many people hold bitcoin? Out of my close friends 2 currently hold bitcoin and one used to hold it, but took profit since he needed to pay his debts. I know people who don't hold bitcoin, but they don't invest in general, so it's not a problem that they have with bitcoin but a problem with managing wealth and life choices.

I'll try to leave my assets to my children if I can. What age are we talking about? I know people who are in their 60s and wouldn't say that they're old. So, are we talking 70s and above? That's a long time before I get to that age. If bitcoin still exists at that point it will be worth over a million $.

What's there to say? He trusted the wrong person.

I had a similar situation in my family, although not crypto related, where my mother would trust my brother with her savings and not me, because I was the younger son. Eventually, he ended up stealing the money and buying himself a new car. We haven't talked since that, so if family relations were worth him that much, he should be happy. He made a deal of exchanging the family for a piece of property that won't last him a lifetime. Anyway, there's a saying that you should eat a bag of salt with someone before you trust them.

Yes, the market will crash, but we don't know when it will happen. I'm sure we'll see a crash, but it could be in a month, or next year. We're in a bull market right now and markets like to alternate between bull and bear every few years. What could start a bearish reversal? War for instance. If we were to enter into a world war, or a large conflict between for instance China and Taiwan, supported by the US, you would see all markets crash.

Chances are that bitcoin will continue the bull market for another 6-12 months. Just wait and see. I'm pretty sure we haven't seen the real top yet.

Should you sell? That depends if you can wait. I always tell people in bear markets that it's just a matter of time before we see a new high and we always do. If you can wait 2-3 years for that, you can buy bitcoin and forget about it. I can bet you that in 2030 it will be going for more than $150k.

The important part is that bitcoin is attractive and useful, just like many other technologies that continue to exist. This means that even if it drops it's going to be due to market sentiment, not the lack of value.

I always say that there is price and there is value. Bitcoin's market price can change but it's always valuable and it's real value is somewhere in the middle of the market price, which is why moving averages are such good indicators. Don't worry that bitcoin could drop, it's not important. The important part is it will stay in the average and that average is somewhere above $50k right now. Accept that it could go below the average for a while, but eventually will come back to and above it.

I've seen $5k bitcoin, so $50k is fine. I guess you have to grow into it and the earlier you start to get used to being under your entry price the easier it will be for you to hold. All holders were under water at some point and made it back above. The first time is always the hardest.

I also voted on spins and bets.

Getting a 100% safe bet where you're unable to lose money is incredibly relaxing and gives gamblers a way to experiment and bet on things they wouldn't have touched if it wasn't free. It's also good for the casino as it may promote new games or new types of bets this way, by giving freebies for games that aren't very popular or new to the casino. Chances are people will get lucky there and stay to play more.

% cashback on your bets is usually a scam and you're getting very little out of it. There's a reason most casinos do it because it's safe for them, but not for you.

Hasn't been able to get started yet. That's his own words. 1 or 6 years? That makes no difference. Nobody counts that.

Many people mistake DCA for a method where you send some money to an exchange every week or every month and buy a fraction of bitcoin, but you can always send more money up front and then log in and buy some bitcoin, spending maybe 10% of that money. Whatever platform you choose, going cheap is not a good idea. DCA doesn't mean spending $1 a day on bitcoin. This will never make a difference in your life. On the other hand, if you're planning to buy at least $100 worth of bitcoin every month, you can always save up on fees and withdraw once you get to a larger sum like $500+

I agree with you. When you see the casino taking advantage of you, you should quit. I've only used them back when they were running Prime Dice. Never used Stake, but have read some stories, so I'm not going to. I'll stick to sports betting. Anyway, the old PD was pretty good and seemed fair, that's why they made a lot of money and created huge user base that moved with them to Stake. Nowadays, I guess they are rolling in it, so they don't care that much about reputation or happiness of their players.

A coin pusher game is much more fair because it doesn't make you lose on purpose, like claw machines.

Claw machines have variable grip, which means they can grab items stronger or weaker depending on the programming. That's why you sometimes see them lose the toy in mid air because the claw has such a soft grip that everything falls out of it. When there's enough weak grabs, it can switch to a strong grab and let someone win. You can verify this as there are videos on youtube showing how the claw operates when the voltage changes. Claw machines are usually scams.

Coin pushers have holes on the sides that make some of the coins drop to the vault inside. That allows the machine to pocket a percentage of coins dropped inside by players. It doesn't have to cheat, it's just a clever idea of a house edge.

It's impossible to say how many because they are usually hiding behind some front men and shell companies.

For instance, in the EU politicians have to make everything public once a year, so they have to state what cars they own, every piece of land, every investment account and they always cheat, at least most of them cheat. They assign everything to their wives or kids, especially if kids are very young. This is a known loophole because if you, for instance have 2 children, you can technically own 3 houses and 3 cars, but make your kids the owners of one house and one car each. You will still be able to do what you want with your properties because you're a custodial of your children's wealth until they turn 18, but you don't have to declare it.

He's DOUBELING MOENY!

That's how I imagine the average meme coin buyer.

Moar moeny! Mom, where's the credit card? I will be rich in a few days and we'll buy an Escalade with spinning rims!

Bitcoin will probably remain volatile for decades, although the higher the number of users the more stable it will become. As companies and funds start to allocate for the long term, bitcoin will become more stable because these funds will not be able to react to every single piece of news. They will need to vote on whether and how much they want to move from cold storage.

The largest percentage is held by these co called diamond hands, the less volatility we will experience, because institutions are rarely driven by fear and greed. They do the math, calculate everything and discuss it at meetings, while the largest bitcoin moves are often driven by the media, like it was with the supposed China bans, covid pandemic news, or the recent situation with US applying to sell bitcoin.

Bitcoin is beyond Trump or any other country. It's borderless and it's going to surpass the presidency of Trump and outlive him, just like it will outlive Biden, Obama, Bush and all others.

It's not bitcoiners that bought his meme coin. Bitcoiners know that this coin has no intrinsic value and will eventually be forgotten, just like so many other shitcoins were.

I bet that for Trump it's just another way to make money. They even launched a Melania coin! Who is even buying that?

A question for people who think it will: do you even know what distribution is?

So, this coin has something like 20% distributed between buyers and 80% is held by insiders and people who actually made it. Coins with such distributions are scams, rug pull coins, vehicles supposed to make their makers rich. They aren't there for you.

Being polite, I'd call this a donation coin, where buying it shows support for Trump and allows you to donate to him. Let's be real though, most people are not buying this coin for such reason. They hope they can make money on this. If you're one of such people you should wake up, because you are being played.

I'll tell you why we don't fight the way you would like us to fight. People just want to live a long, happy life and don't want to take too much risk.
Let's imagine you'd live in a country and that country gets attacked. You're not a citizen and can leave at any time. Would you stay and fight or just move somewhere else?
I have a family to take care of. I wouldn't fight and instead try to save them. I'm selfish like that. I know that the state wouldn't help me if I needed something so I'm also not willing to put my and my family's life at risk for them and their wars.

Are we, the newer generation soft? That depends, since there's a lot of people who work various high risk jobs. We're just more lazy, more pleasure-oriented.

Yes, I did. I told a few people but only 1 of them really invested. I never tried to be persuasive, just told them the truth, that it's an opportunity they wouldn't want to miss.

Most of them ignored it because they were doing good financially and felt like it was unnecessary risk. One guy was very poor, doing the worst of all my friends, and he ended up getting some bitcoin in the early days, before it went to $20k for the first time. Now he's doing good, at least as good as the rest of them if not better.

I can understand why some of them chose not to buy bitcoin. We can compare it to a race where you're on the second or third place and could take a shortcut, but it could cost you the whole race if you get caught. They chose the safe option and kept running to get that 3rd place. The guy running last had nothing to lose, so he took the shortcut.

As expected the whole FUD with the US dumping all its bitcoin was there to flush the levered gamblers out.
Now people are betting on whether Trump will sign an executive order right away, or take his sweet time.

I watched Zuck talk about changes in FB and thought to myself that when he turned away from woke bullshit that wasn't the only thing that changed. He doesn't look like an alien anymore and actually talks like a normal guy now. Let's see if they get some bitcoin reserves going this year.

It's actually only one of the situations in which you shouldn't gamble. Other include (in random order)

Don't gamble when drunk
Don't gamble when high
Don't gamble at work
Don't gamble when you should be sleeping
Don't gamble before an important test
Don't gamble at funerals
Don't gamble at weddings
Don't gamble on toilet
Don't gamble while driving
Don't gamble when you're sick
Don't gamble when your head hurts
Don't gamble during sex
Don't gamble with mobsters
Don't gamble with your boss
Don't gamble in the presence of small children
Don't gamble with street hustlers
Don't gamble when you're out of money
Don't gamble with borrowed money

 

Exactly. But betting a lot of money regardless of the odds is always risky.

A million to us can be life changing money, but to someone like Buffett it's just a monthly payment from his dividends. Remember how much money Drake lost to gambling?  To many people it's just a part of their lives and what matters is how much time you need to earn it back.
If your monthly paycheck is $1k and you lose that on  gambling you're in fact in the same situation as someone who makes a million a month and loses it on a bet

Discussion about this resurfaces every now and then and the answer is always the same. It doesn't happen in the big leagues. Do you believe that world championships in boxing or football could be fixed? There's too much at stake. If it came out the business would lose millions of dollars in sponsorships and the whole teams that consist of players who make millions each year, would also be suspended.
You'd literally have to pay them billions of dollars to make it happen and even then I doubt the players would go along with it because there's also things like good name and honor. They're national heroes and would lose that status and be remembered as cheaters and criminals.

Bottom line, it only happens in low leagues where people are underpaid.