Because we have experience winning and we are still hoping that one day, we can win again and win back the losses so we continue to gamble even if we know we are already so far in getting back those loses. When we are near of getting it back, we tend to be greedy that instead of winning, we lose being too excited in winning or gamble a large amount to win a large amount as well and not thinking of money management so instead of even having a break-even or a small profit, we just add it to our losses because of emotions.

Because of the higher transaction fee with bitcoin, gambling with altcoin is favorable for me because of the same reason which is lower transaction fee. I got this altcoin from faucet so it's much easy to gamble when I know I have not spent money to have it. I may have spent some time to accumulate it but then I only go to faucets when I have extra time after doing all the necessary things I have to do during the day. It's good that gambling sites has given as a choice of gambling with other coins.

Moreover, I am not that emotional when gambling with altcoin because I know that I can still accumulate some if ever I lose it because when it comes to bitcoin, I immediately think how much value in fiat I would lose but with altcoin its different. Maybe because I can afford to lose it that's why I am not that affected in gambling it.

All of us are given 24 hours a day and its up to us how we can manage it. Time management is one of the key of being a successful person because they know how to spend their time being productive and may sometimes rest for some time but then knows that they still need to grind and grind until such time when they don't need to work that hard anymore. That's why the advise of others is that work hard when you are still young because you still have the time and energy so that later on, you can have more time to the people more valuable to you.

One needs to know the importance of priorities to have time management. A person with a goal needs to have a timeline so that he cannot skip anything that is important. Have a schedule and follow it but you can have adjustments from time to time because we cannot predict what will happen. The important is to focus on your goal and don't give up even if there are hindrances along the way.

Bitcoin's transaction fee has become a disadvantage instead of an advantage. Before, it is one of the ways of the people to send their money without paying that much transaction fee but then transaction fees are slowly becoming higher thus some are coming back to what they used to do before. I hope that transaction fee would be lower and I know that there is an option to pay a lower transaction fee but it would take much time than paying the normal fee.

About the CEO, he does not see yet the importance of bitcoin and how it can be the future technology but maybe he is just afraid of what will happen to his business once the new technology takes over. He should just do something to innovate and not being the one who will contradict the technology because maybe later on, he will just regret it.

It would be bad because many are mining bitcoin in China and if they suddenly pull out their investment in crypto then bitcoin and other coins would take a hit but then bitcoin would still recover and would continue to rise. Bitcoin has taken some major hits before but look at it now, still soaring higher and because bitcoin is much popular now compared before then bitcoin would still recover. A simple rumor alone made a hit to bitcoin's price and the news followed but there are other countries who are actively promoting it along with other cryptocurrencies thus making it more stronger. There are others who are waiting for the price to fall down more so that they can buy it cheap.

For the new ones that just entered the crypto world, this is a test whether they can take the world of volatility of crypto and those who have strong risk appetite would remain and others that just can't take it would likely exit the scene selling at a loss. A lot is happening in crypto world and this would be something new for the people who traded stable securities before thus a huge change of price in just minutes is quite shocking.

Yes there are a lot of fees and if you thought about it, a large chunk of your capital is eaten up by fees that's why when someone intends to have transaction, a large amount would be suggested so that fees would be negligible. You can trade in exchanges like Bittrex because they have lesser fees there when you trade and then withdraw when you have a significant amount cause you have a fee again in withdrawing.

As long as you still have a profit when you withdraw and still higher than your previous capital then I'm okay with that. Others prefer to just hold their coins for a longer period of time so that in time when they withdraw, their profit would be folded many times compared to their original investment thus fees would not be that significant compared when you are withdrawing small value.

It's possible but highly unlikely because there are many people who believe bitcoin's value will still rise even if there are hindrances along the way because we observe it in the past. Bitcoin's value always drop drastically in the past but eventually recovers and its not that popular yet. How much more nowadays when some stores are already using it, governments regulating it and make it as payment option for taxes then it would be hard to imagine its value drop down very low or become worthless.

There are other digital currencies as an option but then bitcoin is the most popular, highly used and has the biggest market cap in all digital currencies and there are altcoins to whom developers claim to supersede bitcoin but it did not happen yet. As long as we continue to use and support bitcoin then it would not be worthless.

It is hard to be rich because if its that simple then no one would be poor in this world. Almost every one is working hard to achieve it and when someone achieves his goals and dreams in life, he should set a certain goal again because he would feel worthless if there's nothing to look forward to every time he wakes up. The key to being rich is to make your money work for you also known as passive income wherein you just continuously earning even if you don't physically work for it and I believe this is what almost every body wanted to have a financial freedom.

As for me, I work hard to have a comfortable life for the rest of my life. It doesn't necessarily mean to be super rich but having funds that would make me have no worries financially and if I wanted to do or buy something then I can immediately do or have it because I am able to. Crypto opened this possibility for me that's why I'm doing what I can today to achieve the financial freedom that I wanted.

I will spend some but not just for things that are not important but in order for me to start another business to have multiple sources of income. It's important that I have another source because bitcoin is so volatile and we saw it recently that even if a news or rumor is true or false, many people will react thus affect the bitcoin price so I need a source of income that is somewhat stable in value.

I will save the remaining bitcoin because even if its price is not stable, it is slowly becoming popular and a strong demand means a higher price due to its limited supply. We can see a correction from time to time because what goes up must come down but then after the correction, it would continue to go up and its a good long term investment.

I agree with this. Government is too busy tackling other matters than chasing people who earn income from bitcoin. There are even those that are working online for a decade but do not pay taxes because the government is busy in other matters and they are more concern to those people who earn big like celebrities and doesn't pay taxes. They are their first target so if someone is popular, make sure you pay taxes because the government will have a lifestyle check and then check if you pay taxes properly.

People who earn bitcoin in developing countries should enjoy it for now because once the government realize the potential earnings in bitcoin then maybe they would concentrate more on people earning from it so it would not be tax free anymore.

I like bitcoin because I don't have a problem when paying someone unlike banks that I need to go through the process of enrolling the account so that I can transfer instantly to that certain account. With bitcoin, I just need an address and then send directly to the person I intend to pay. Additional advantage is that I can transfer funds without transaction fee if we use the same platform of our wallet so no need to worry of high transaction fee. Since I don't have a credit card, it is hard for me to purchase something online and because of the bitcoin's popularity, there are more stores accepting it thus it is easier to purchase something.

No. I won't accept bitcoin as a salary for now because its just too volatile. What if its value decrease due to some news that would make its price go down right after my salary is release then I would have a lower value of salary and since most of the goods that I need and my bills to pay are valued base on fiat then I would have a hard time budgeting my salary. It's not just possible for now but maybe in the future when all things are valued in bitcoin or other altcoins.

Maybe when the time comes that all goods and services will be valued in bitcoin then the volatility of it is not that big deal because the transactions won't be affected. There is no need to convert to local currency and the other way around.

They are spreading fake news so that those who just enter the crypto world would panic and sell at a lower price giving them the whales the opportunity to buy lower. Of course with the recent news of banning the ICOs and the price went down in just a short period of time and then just recovering from the fall and then another bad news would make the people who are still recovering from the previous fall worried and then panic sell because they are afraid bitcoin would continue to fall down. Those veteran may also sell but would take the opportunity to buy lower because they knew that it happen many times in the past and market will recover sooner or later.

Most of the newbies would either hold or just sell their bitcoin and then depending on their risk appetite whether they would buy again on the dip or if their risk appetite is really low then would decide its not for them and totally leave crypto trading. I am still a newbie as well and I panic sell before but learned my lesson so I did not budge when the price went down because I believe it will go back up again. What I am aiming for is long term and not short term.

It would depend on which country are you from. Of course if bitcoin is prohibited in your country then its illegal but if its not prohibited then I think it would be fine to sell your bitcoin for cash. Some countries have taxes on it and some don't have. In my country, we are free to do what we want with our bitcoin as long as its not involved with illegal or gambling activities because if the platform where we exchange our money detect that the bitcoin we received is from a gambling site for example, they would suspend our account and let us explain why we gamble when its illegal to do so. To get away with it, sometimes other people send first their earnings from gambling to their other wallet and sending it again to that platform's wallet in order for the account not to be suspended.

Yes I believe so that fundamental analysis is more influential to the bitcoin/altcoin price because just one news may it be fake or real can make the price go higher and lower and most of the traders do panic buying or selling that's why just one appearance of a news can make the price go pump and dump or the other way around. Many traders are newbies that's why emotions are still there when trading and it gives the whales opportunity to manipulate the prices because of the traders have this mentality of following the herd.

Technical analysis can still be use but not all the time because of the coin's low volume that's why manipulation is rampant. It would be better to use technical analysis in high market cap coins because somehow technical analysis makes sense compared to the coins with low market cap.

Exactly! Bitcoin is much easier to trade than gold and bitcoin is divisible and can easily be sent to anyone while gold cannot just easily be sent to someone in just minutes and its not divisible unless you wanted to melt it and then divide it physically which would be expensive and will take more time than just mere minutes. But then if I can own a gold then I would like to because I believe in diversification of investments and besides gold is more popular than bitcoin though bitcoin has a higher price than gold but if you tell someone to pay in bitcoin, he might just accept it cause everyone knew it but if you tell him, you will pay in bitcoin and if he don't know it then you will have a hard time.

There are advantages and disadvantages between owning the two but then if I can own both then why not? Bitcoin's value is still volatile and gold's value is stable. Bitcoin has been existing since time immemorial and bitcoin is just under a decade. Oh well, I have some bitcoin now but later on, when I can afford it then I would like to buy some gold.

If the prices are falling, you have three choices, buy more, hold or sell at a loss. The advise from others is to not go all-in so if you still have some funds left then you can buy more so that your price will average down and then hold till it goes back up again. If you don't have funds left then you can hold and wait for the price to reach your target profit which may take a long time but then again its important to have patience in trading. If you believe in the coin and their projects materialize in the future then it would surely go back up but if you bought a sh*tcoin and believe that it has no real purpose then you can sell at a loss or wait for others to pump the coin which may or may not happen.

Regarding OPs question of shorting, I am also interested in knowing how to profit from it so if anyone knows, please post your ideas. Thanks.

It is possible that they can make it illegal but then there are just so many people nowadays that use it and banning it would just make many people violate the law cause they will still continue to use it. I think banning those ICOs is good because the government can see that it is getting out of hand. Many people are attracted to invest in ICOs because of the profit potential but then many are scammed eventually because some scammers take this opportunity because ICOs are trending and its hard to determine if the coin has a real purpose or just a sh*tcoin.

Yes government has the power but I think its too late for them to stop bitcoin because it is going mainstream and if they ban it then they deny the people of the opportunity to have a technology that has the power to change the way the money flows today and its really a big help to stop those people who use their power to abuse people because information would be transparent and they cannot just easily get away with it if the evidence is in public.

It's still unpredictable but if people will still continue to use bitcoin then bitcoin will have a good future and may still be existing for the years to come. As we can observe now, bitcoin still continues to attract attention of the investors that's why the recent announcement of China banning ICOs did affect the price of it but then we can see that it reverse and continues to go up. There are others who said that the downtrend is not yet finish and will continue in the coming days which may happen and all we can do is to observe the market and make necessary actions in case it is showing signs of going down again.

Blockchain technology has given the people transparency in the transactions thus making it impossible for some people to just change some information because its public. It is decentralized that's why it is not prone to being hacked cause every one can own a copy of the system thus a hacker cannot just easily hack one and disrupt the system totally.

Nowadays, most of our system are centralized and only some people have access to it that's why some authorities abuse their power to manipulate the system to their advantage. If the system is decentralized and made public, they cannot just easily manipulate the system and cannot just easily change some information since people can see if something has change.