Bitcoin is a good lifetime asset because its getting popular and its value is increasing though there are dips from time to time but after the dip, it will rise again higher than the previous highs. It may be an attractive way to invest on it for retirement but do not just depend on it because we never know what the future will be for bitcoin. Maybe another cryptocurrency would dominate its world or another technology that would be develop that will entice more investors to invest on it.

It would be better to have an alternative income aside from bitcoin like when you are still young, you will start investing on insurance or other investment vehicle that you could rely on in time when you are not able to work anymore. You can also have a business that will be manage by you or some of your trusted people as a source of income also.

The mantra in trading is buy low and sell high so if I see a coin have an incoming update, I do a technical analysis on that coin and determine some key prices like support and resistance. If the coin reach support and the indicators suggest a buy then I would buy it and set a stop loss. It is important to have a stop loss so that in case there is a dump to that coin then you already set an amount of how much you are willing to lose.

I subscribe to some group that give some free trading signals. I know that it is not a wise thing to do because many of them are scam but there are some legit signals too. I don't often follow their signals but since they are the one who are mostly updated to the latest developments then I would check it first if they have not pump it before giving the signals to its members.

Since news about a certain coin have a big effect in its price then I follow the social media sites of the coin and I also see some technical analysis of other traders so its a combination of technical and fundamental analysis. If I see a coin that has a potential then I would do a research of my own more and do my own technical analysis too. I know that there are paid channels but if I can get the information for free then I would prefer it.

There may be some legit channels that would really help its members but then there are some also that would just scam its members to profit for themselves. I am a member of some channels to be updated to information about coins but sometimes the signal they gave is already prepumped by admin and when they give the signal to its members, they would dump it to them.

I like sports betting because if I just study the teams then I have a higher chance of winning. I like dice game but then it is totally a game of luck and besides that, I always lose in a dice game eventually because I tend to always get back my losses because I can't control my emotions so instead of securing my wins, I would end up losing. To avoid this to happen, I would just join sports betting because I can have a reference of why I would bet on that team or player base on their previous matches.

That is their strategy to make the bitcoin price lower. China started it and they saw it as an opportunity to make it more low and since they knew that bitcoin price is so volatile and market sentiment affect the bitcoin price that much, they started attacking it again and they saw the effect of it. When they see that it's already lower so they started buying and the people knew it.

I hope it would be a lesson to the people who would immediately panic sell when there are news like this, many sold below $3k below thinking that bitcoin would not go back up again while others saw it as an opportunity to add more to their position. As for me, I just hold my coin and didn't budge even if the price go down because seeing that it is still higher than the price I bought my bitcoin, I am still in profit.

Usually the coins that will be chosen for pump and dump are those coins that have low volume so that they can easily pump the coin and attract others to buy it. I would not suggest for you to join pump and dump if you are not fast enough because I believe others are using bots so they would be the first to buy the coin and dump it to you thus you will end up in a loss. Many admin also in a scheduled pump and dump would buy first in the previous days with a minimum amount so that it will not be noticed and they will dump it to you on the scheduled date. Though there are legit pump and dump wherein there are no pre-pumps as what they claim, it would still be advisable to not join it because you may end up losing more than profiting from it.

There are others who would study the market cycle of a coin and then buy when it dips so that in time when the big whales come in and pump the coin, you already bought at the bottom thus more profitable for you. Though this strategy may take a long time, I think it would be more profitable than participating in a pump and dump that last for a few minutes. There are a lot of ways to trade and if you think you can profit from pump and dump then it is your choice.

That's right. It depends on where you are residing if bitcoin is illegal or not. Many people doesn't know bitcoin yet and their government is not yet alerted by the growing community of crypto users in their country thus it doesn't make it legal or illegal but in the context that it is not yet declared illegal in your country means it is presumably legal and if you observe that bitcoin is use freely in your country then it would be good for you.

There are countries that declared bitcoin illegal because they are worried their countrymen would make crypto as a means of doing something illegal like selling drugs, firearms or supporting terrorism and some media outlets reiterate in their viewers that bitcoin is use by people doing something illegal. There are countries that declared the legality of bitcoin and collect taxes to people that have income from it.

If you don't want to lose all your tokens then you may need a gambling rule like have limitations when you gamble. Set a certain amount of winnings and losses and if you reach that amount then you totally stop no matter what your emotions tell you. You need to be determined to follow your decision so that you can avoid losing your tokens.

As what you said, you gamble only because it's your hobby when you are bored so I would assume it would not be so hard to follow some rules because your purpose is not really to earn money but just to pass the time when you are bored. You can also try other hobby and not gambling if you can't control yourself when gambling like playing games.

That's right. Social media would the perfect venue for advertisement because it has a lot of traffic. Take for example facebook, it has millions of visitors every day and if you can attract just a small percentage of them to buy your product or get you for your services then it would be profitable. You just need to have a target market like if your products is for teenagers then you can advertise to the site on that age category. Your niche should also be something that your target market can relate to.

There is also an SEO so that those who are searching for such products or services can easily see your site. You create your own site then other people will visit it to view your goods or services since you are on the top pages. It would be hard at first since you are just starting but once people will recognized you and you have quality goods or services then people would come back even if the price is expensive because they would feel that the amount they pay you is worth it.

Jamie Dimon is saying something like that when in fact he said it himself that his daughter has bitcoins. As far as I know, he filed for bitcoin alternative many times to be patented but to no avail as SEC rejected it always so he will just say something to the enemy which is bitcoin to discredit it. He is a banker and since bitcoin is a threat to them, he will do anything just to make people believe that it would be worthless in the future so that money will continue to flow to their business.

Bitcoin is a deflationary system and this might solved the current problem of the world which is inflation. Due to its limited supply, it will continue to rise if there is always an additional demand to the coin. Blockchain is a breakthrough to the old technology and because of bitcoin which started it all, many coins follow suit in creating a technology that can solved the problem in delayed information, manipulation and other things that would be solved if the system is transparent.

I don't have money to buy more also. I know that this storm in bitcoin shall pass and sooner or later it will go back up again reaching new all time high again. When I see some people ranting about bitcoin in social media saying that they will never invest in bitcoin again with all the profanities, I know that we are almost at the bottom because that's how the market cycle goes.

Many studied the bitcoin price and it follows the Elliot Wave Principle, we are in wave 4 now going down and then going to wave 5, we will reach all time high again. All this news I believe are just manipulation of the market so that some more people can buy bitcoin lower to have higher gains in the future. I did not sell a single satoshi when it go down because I believe that bitcoin will rise up again.

I would still choose crypto trading over forex because I need to have a large capital in forex while in crypto trading, I could still trade even if I have a small capital. Yes forex is more stable than crypto but then if you are really a good trader, I believe that whether it is forex or crypto, you can still profit from it day trading. Yes you have to watch out so many things in trading crypto but then you also do it in forex whether there are news that can affect its price.

The difference in two is that there are more volume in forex trading that's why technical analysis can work fine but in crypto, sometimes technical analysis doesn't work because of the fundamentals but eventually, the trader still turn to technical analysis after some news because you can view there the market sentiment which is a vital part in trading. There are market cycles in crypto as well so you can enter before the spike. You just have to have a keen eye in observing it.

Yes, the price did not go down below $3,000 and it is slowly going back up. FUD are everywhere and many are panic selling but now, we can see that bitcoin is stronger and China is not the only exchange of bitcoin and now, they only hold a small market share. They are being strict in their regulations because of the incoming National Congress but after that, maybe they would have some changes again and then would have news again of bitcoin exchanges resuming operations.

It's time for those people who panic sell to see the reality that China is just a part of the market share and not the whole of it. There are many countries that hold a larger part of market share than China. Many countries are regulating it and it is getting popular that's why some businesses who are greatly affected by the bitcoin rising and getting attention threaten them thus spreading news that bitcoin will just be worthless in the future.

I'm sure the government can find a way in taxing its citizens through bitcoin. All the businesses would be regulated so the government would just tax those business establishments and then the tax would be turn over to its customers by the business owners so the government can still have a share of the transactions. I don't think bitcoin can ruin a country and in fact it can help in reducing some expenses because the central bank don't need to print money any more so it would be a savings to the government.

Making bitcoin currency can happen but I think it would take a long time because the government should solve first the problem with technology and internet connection which are the basic tools in transacting through bitcoin. There are some places that doesn't have electricity yet so it would be hard to implement something that would not be followed by every one.

That's right! Many are panic selling because of the news about China banning bitcoin and because of the herd mentality, many traders follow others in panic selling that's why a drastic price drop but then if we believe that bitcoin would be much valuable in the future then we should not panic sell. I am just guessing many of those who sold their bitcoin bought just because of FOMO and they bought above $4k that's why when the price is not in their favor, they immediately sold.

For those small investors, this would be the time to buy some coins because when the price is above $4k, you can only have small amount of coin but now you can have a slightly higher amount. Many are saying that they wish they could buy bitcoin few years ago but I think bitcoin would not go down to as low as below $1k so now would be the time to buy. For those who are greatly affected by the price drop can buy more to average down.

You should have an equal balance between two exchanges like you have 1 BTC in first exchange and 1 btc in second exchange and equal amount of fiat as well in two exchanges. If ever you see that one exchange has the lowest ask price amounting to $3,700, you buy it at that amount and then you see in another exchange it has the highest bid price amounting to $3,900 so you sold your bitcoin to that amount. You can do it immediately since you already have the balance of both fiat and bitcoin in two exchanges.

After the orders are filled, you can then send the bitcoin to one exchange and the fiat to the other so that it will be balance again and you already have a gain of $200 without transaction fees. You should not arbitrage like buying one currency then send it to other exchange to sell because it would take time and price might already change before its received and worse you will lose because of it.

It's just sad that there are many gambling addicts who have destroyed their lives because they cannot stop their addiction. Though there are others who have strong will power to stop but then others just cannot get over it just what OP stated. As what I can observe, some people just want to forget their problems for a while and they see gambling as a way to let their mind off it and enjoy the game and it's much more exciting because there is a chance they will win and maybe their problem is money related so it's one way to solve their problem.

As for my point of view, I gamble because I wanted to have more money instantly but I know my limit and stop when I need to. I did experience it before when I have losing streaks and become so emotional and I just cannot shake off the feeling and wanted to get back my losses so I would be in debt to someone just to gamble and since I am emotional, most likely the outcome would be additional losses. It had gotten worse and I did reflect and realize my mistake so I decided to just look for other ways to earn. I gamble from time to time but only for fun now and maybe a little profit if I am lucky.

Definitely a coin that can replace bitcoin would still take some time to build its reputation. Bitcoin started with no value and it was noticed only after many years and then more bitcoin users joined the bandwagon that's why it has significant value today. Ethereum may be the one who will replaced bitcoin in terms of prices but then ethereum cannot totally replace it because they are created for different purpose. Bitcoin has paved the way in order for other currencies to be noticed quickly since it is the coin who started it all so it is hard to replace the original one.

Maybe a few years from now, a coin that has already been created or to be created yet will dominate the crypto world in terms of prices, popularity etc. but bitcoin will always be the one that will be remembered cause it is the founder and it has strong support from its community. Its hard to imagine a coin that will replace bitcoin for now.

China spread rumors before that bitcoin will be banned and it was effective thus they do it again. I agree that we cannot blame those who panic because there are countless predictions that bitcoin would continue to rise and the possibility to double in just a few months and then when they heard the rumor about bitcoin, they just panic and immediately sold which has greatly affected the market.

Bitcoin has been rising for a while and seeing the rise in price makes me worried it will go down just as quick as it had risen and it is already happening now. I believe bitcoin will rise again and now it is just a healthy correction. In every market there is a cycle and this correction is needed so that bitcoin will not become a bubble so it has to go down from time to time and not just continuously rise up.

It depends on the purpose why your investing on bitcoin. If its for short-term gains then it would not be good to hold it because China has this news and many people are panic selling that's why a downtrend but I believe it will go back up again but we don't know for sure when it will soar high again. Bitcoin is so volatile that's why a significant change in price in just minutes is expected when there are news that will affect it and it doesn't matter if its true or false.

If you hold bitcoin for long term then just hold it because many are believing that its price would continue to increase. The market is just in correction and after this, it will go up again. We have seen many developments with bitcoin and more people especially those that have deep pockets invest on it and they know what they are investing into and the risks involve so they will not risk their money to something that will not give them returns so me having a small amount in bitcoin for long term investment would just hold it as well.