Most of the time I feel good I guess.

This is such a weird question because there's never one and the same feeling. It all depends on the results. It can be happiness, but it also can be a bit of sadness and frustration.
I doubt you'll find someone who always has the same feelings after gambling, just like you'll never find a person who feels the same after work, or after a party. There's not a single person in the world that keeps on winning and there's not a single person in the world that is sane and is happy after a losing streak.

That's what I like to see. IMO acceptable ratio is anything below 10% on exchanges, but currently I also have 0.

I see no point in holding money on exchanges, unless you're either a day trader, or own very little. People who don't do any of that and still hold significant amounts must be lazy or scared to learn self-custody.
It's a huge risk nobody should be willing to take.



Then don't make multiple transactions until the fees go down. Group them, use lightning, or keep risking the money. There's always a choice.

This is mainly a problem in the US and I see that bitcoin users who live there treat their legislation like it should concern the whole world, but it doesn't.
I live in the EU where we still have bitcoin tax havens. Even in countries that want people to pay tax on their bitcoin it's always a tax on profits, not on holding bitcoin. We don't have to report holding bitcoin and we don't have to report selling it for other cryptocurrencies.

The bottom line here is that this legislation is mainly the problem of the US where brainwashed democrats like Senator Warren are trying to turn people's lives into a red tape hell.
The silver lining is that from dozens of anti-crypto projects she submitted not a single one was approved by the Congress. I don't think that this one will, and if it does the States will be able to change their local laws to ignore it, like they did with the mining ban.

Unfortunately it does affect it, but maybe it's the evolution from a payment system that it was supposed to be into a store of value and an investment asset.

Different people see bitcoin in a different way. In 2012-14 most people were talking about it being money. You had that list of stores that accepted bitcoin, you had bitcoin acceptance maps where you could place your business, every time a coffee shop opened with a bitcoin sign people were excited, but it started slowing down in 2017 and 18. Hash wars pumped fees to incredible levels, you had 20k bitcoin for the first time, people were more interested in how much this thing could be worth one day than in buying a burger for it. We all knew it's not going to be decentralized money that becomes a reserve currency, like some people had hoped.

Fees are mainly affecting small investors, people facing 100% inflation who wanted to use it instead of fiat money. It also affects self-custody. When you earn $100 a month and want to put some of it aside in bitcoin, you're not going to pay $10 in fees to move it to a hardware wallet.
People like Michael Saylor don't care because they move $10 million in bitcoin and pay $10 to do it, but when you want to move $10 or less you have a problem.

I gamble for fun and it's never under stress. When it becomes stressful for me I know it's time to stop. What I like in betting is the excitement when you watch a game and wait for the results, especially when it looks like you're going to win. I don't like sudden results but rather prefer when it slowly tips in my favor.

I feel this tension when I invest and I've learned that there are two things that mainly drive it.
1. Putting money on the line that you're afraid to lose.
2. Having high hopes, already planning what you'll do with the profit.

I'm sure it's very similar for those who gamble under pressure.

To me betting on this is rather boring, but if it was really easy I'd do it, but unfortunately it's not. You need to register on a specific casino and you need polygon while I have only bitcoin. I'd have to pay fees to get my bitcoin there and exchange it to an altcoin just to make a bet. It's only worth it if you bet a lot of money, otherwise the fees will eat a large part of your win, not to mention the fact that if it gets approved you'll miss the bitcoin pump. IMO if you want to bet on approval, you can buy bitcoin. It's the easiest and safest way.

Did it? Maybe on leveraged exchanges that are literally a factory producing bankrupt losers who think they can make easy money.
Here's 41454 on bitstamp.




So you don't know who it was yet?
I'll give you a hint. The platform that posted this FUD has ties to Jihan Wu, the well known BCH supporter.

Tom Lee also talks on CNBC a lot and he's a joke just like Cramer. If you did Inverse Tom Lee since 2017 you probably did better than if you held and that's hard to beat since holders made over 30x since then.


People are overestimating Inverse Cramer. Check the stats of his predictions. Lat time I checked he was wrong only 60% of the time, so 40% of his predictions were good. If you dumped everything he recommended you actually made money since the creation of the inverse Cramer ticker, but it's not like he was always wrong. The funny thing about him is that Inverse Cramer used to do better than S&P 500 in 2022

Not exactly. They sometimes want to tease you, they expect a reaction. They don't care about you gambling and sometimes don't even have an opinion, but they see you doing it and see it as vulnerability that can be taken advantage of. If they saw you smoking, drinking, eating unhealthy food, playing a game on your phone they'd probably act the same way. Sometimes it's not about what you do but what people you surround yourself with.

I rarely care about these things, although it's hard to ignore them completely. After all this is a mild attack. They're verbally poking you and if that comes at the wrong time, you can overreact.

If you win less than 40% of the time you should consider finding another hobby, unless you  play the lottery and it's 99% loss followed by a big win that nullifies all the previous losses, but I wouldn't be able to stand that mentally. I need a win from time to time to boost my confidence. I personally know people who play every day for a month without a single win and then they finally get that win that pays for another month of losing, but IMO they're not completely right in the head. They don't understand how deeply addicted they are.

Well, at least now if bitcoin ETF gets approved they'll be able to say "we've told you so" and if it doesn't they'll do the same.

Most likely they have multiple authors and don't verify what these authors write. First they published a report by 1 researcher who was positive and then another by someone who was negative. They should really pay attention to what is posted on their site because it makes the company look unprofessional when they can't even work out a general attitude towards a subject.

Of course it can. I've seen some pretty good explanations of why and the main reason was: because this is a completely different market than it was in 2017 and 2021.
In 2017 there wasn't even a futures ETF yet and no institutional interest in bitcoin. Many people were still calling bitcoin a scam and there was an overwhelming majority of traditional analysts who either thought that it's a ponzi scheme, or a bubble.

In 2021 there was some institutional money flowing in, but the market was really unstable due to covid lockdown crash of 2020, followed by stimulus in the US. Then there was Musk pumping and dumping and China banning mining all in the same year.

This year we're watching a more mature market, a lot more mainstream interest, more political debates, US presidential candidates talking about it, Argentina supporting it and the biggest asset managers in the world applying for spot ETFs. The fact that it did not make a new ATH in the halving year is like saying that you've never been in a car accident. It doesn't mean you're not going to.

A good example of how these predictions based on past performance work is the bitcoin's price action in 2022. Bitcoin used to find support above previous ATH levels when it came down from a new ATH, but this time we crashed below 20k thanks to SBF. Maybe this time we'll go to 100k thanks to ETF

No, that's not the reason. The reason is too many levered longs.

That Matrix report is a joke and some guys from Bloomberg have already addressed it saying that there's no negative info coming from the SEC. In fac the whole article was speculation with no proof. I've seen a tweet by ETF market analyst at Bloomberg who asked the author to show any proof that there's going to be a rejection because they've contacted the SEC today and got the answer that they're still reviewing everything and there's been no decision.

Another thing I'd like to add is that it was nothing when you compare it to the normal bull market corrections. In 2017 there was a number of 20% corrections on the way from 1k to 20k and this was close to 10%. It's like a tease when compared to what's coming because corrections are coming if we are to break 100k this year.

I've seen people check these scratch ticket games online. One guy in my country even bought a $1k worth of these tickets that cost less than $1 each and they were checking them for days to see how they do. These have much higher chance to win than real lotteries and they still lost about half of their money. They won a lot, maybe 5% of the tickets were good, but most gave you the price of the ticket time 2 or times 3, so eventually they were down close to $500 and none of the 1000 tickets had any high prizes (higher than $10).

Lotteries are the worst type of gambling, don't waste your money.

I did not say anything about destruction, but I do see signs of conspiracy. Bitcoin was not destroyed, and I can't with 100% certainty say that it's being attacked, but it's very probable that an attack is taking place. I could use your argumentation and ask you to show me evidence. Can you prove beyond doubt that there's no a attack?

The way I see it, something strange is happening because during the congestion people were willing to pay 10 times the fee needed for a first block confirmation and that wasn't 1 or 2 transactions where someone made a mistake. It was done on a hourly basis. Why would you pay $150 in transaction fees when $40 allowed for a first block transaction and $20 allowed you to get a confirmation in less than an hour? Since nothing happens without a reason and people usually don't like to throw money away, this was done to pump fees and congest the network. Who benefits from high network fees and news headlines telling people that bitcoin is stupid because it costs you $50 to pay while VISA fee is 2%?

Don't forget about holders.

I hold a significant amount of bitcoin and I don't trade it, so for me there's no difference if the fee is $10 or $100. I had to pay that fee 2 or 3 times last year when I wanted to buy something and when I move my funds it's usually a significant purchase, so I'm not going to cry when fee takes 0.1% of the transaction.

People who complain about fees usually pay what their wallets recommend them to pay for fast transaction. For instance, my Electrum recommended fee of 200 sats per byte for a 10 block confirmation, but I checked fees using a third party site and decided to manually adjust it to 82 sats. The transaction was confirmed in less than an hour with that fee.

Don't complain if you overpaid

You either don't know a lot of women, or you live in a bad neighborhood.

I know a lot of girls and none of them are prostitutes. Sure, women like the easy life, but don't we all?

I pity girls who have to sell their bodies for money. If that's the only way they see, that's their choice, but it's going to live a mark on their bodies and their minds and they will never be able to forget this life.

I don't agree with you here, because It's not like they're trying to check if you're a real person by performing KYC. It's aimed, as they claim, to stop money laundering, so they want to know where youre money comes from. This is something that a physical casino will not try to verify. If you come with $1k, they will take it, allow you to gamble and allow you to with draw and go home without checking if it's drug money or if it was stolen.

Online casinos have to follow more strict rules and this is unfair towards clients who can go to a physical casino and avoid all this trouble.

I try to be unbiased, but just as we can't put all actions performed by world organizations and known lobbyists into one and the same basket labelled "attack on bitcoin" we also can't do the opposite and put them all in the basked labelled "conspiracy theories with no proof." 
The most basic rule of every investigator is that the person who benefited from the crime might be involved in it and there's a bunch of organizations that can benefit from destroying bitcioin. The list includes the WEF, World Bank and a number of central banks. Also, it would be profitable for all parties involved in trading gold and the ones involved in designing CBDCs.

The problem of many investors is that they come back to check on their investment every single day and do the math. If they're up, they're happy, but when they're down, they feel the pressure to sell.
Give them enough down days in a row and their conviction will fail, forcing them to sell. That's how it usually works for first time bitcoin buyers and that's why most of them lose money.

Use my advice. When you buy some bitcoin, treat it as a loss. Don't go back to it to check what it's worth every day or even once a week. Come back when you see mainstream media write about bitcoin and how much money it made in the recent year. You lose only when you sell at a loss.