It's really hard to predict how long this correction is going to last and when we will hit the floor. I didn't expect for the Bitcoin price to drop so quickly below 20,000 USD, somehow I hopped there would be more support at that level. Right now it seems investors are scared and afraid to touch any crypto coins that aren't stablecoins. Some doomsday investors are already a drop down to 3000 USD like 2019, that is a bit unrealistic for me. Once we are below 10,000 USD I would expect a lot of investors to start buying again. As for technical analysis they see a support level between 14 and 17,000 USD, after which investors should come back to the market. AT 17,000 USD was also the floor that Rober Kiyosaki stated to start buying Bitcoins again. But still, I am wondering who is selling his bitcoins now at 17-18,000 USD, it seems like a bad trade to me. Why not just hold the coins and sit out this bear market?

I don't think that with technology we will able to protect the minors from gambling who really want to do it. When I remember how it was when I was a kid, we couldn't be stopped by any age limitations. My friends and I invested so much time to circumvent technology that it became a game by itself. Who ever was able to find the first exploit or crack to access the 18+ content was the king in school. For a casino this is a big problem, because a few kids will gamble no matter what. Even with most kids not engaging in gambling below the age of 18, they know it's illegal and will follow the law, the casino needs to protect the minor. On the other side are the gamblers who don't want to share all their private information only to show that they are really 18. I think it's also the kids parents fault who gamble because they should supervise their kids. If the parents have no idea what the kids are doing online then it's hard to only play the parents. The best is to be open with our children and try and make them understand that gambling is risky and we can lose money with it.

Sounds like he knew something was wrong, because why did he make the same size withdrawals and gambled it all away in a few weeks? If he is addicted to gambling and has no more control over his finances than it's understandable, otherwise I think it's wrong. If I would ever get a large bank transfer by mistake I would never think about starting to gamble with it heavily. Even if the law wouldn't be clear on that and there could be a chance that I can keep the money. What if the money was send by mistake by some criminals and they find out my name and adress? I am sure they wouldn't be so understanding and accept an apology. And what if the judge orders him to repay all the money, including the one he has lost? It could ruin him financially forever.

Ja das glaube ich auch, die Schwankungen am Markt sehen wir schon seit einigen Wochen und El Salvador ist einfach kein so großer Spieler am Markt um über so lange Zeit den Bitcoin Preis zu beeinflußen. El Salvador hat etwa 2.300 bitcoins gekauft bei einem durchschnittlichen Preis von 45.000 USD. Wenn jetzt die ganzen Bitcoins bei 20.000 USD verkauft werden hätte das Land mehr als 50% Verlust gemacht, ich glaube dass können sich die Politiker nicht erlauben. Beim nächsten Wahlkampf wäre das ein zu großes Thema. In einem Interview hat der Finanzminister von El Salvador Alejandro Zelaja auch gesagt dass es bisher keine Verluste von Bitcoins gibt weil keine verkauft wurden. Ich glaub das beste was El Salvador machen können ist zu halten und hoffen das die Preise bald wieder steigen.

I think this is the right approach but might not work in the long run. The first time I saw the self exclusion program was in a poker App that added a panic button. Clicking it you could log yourself out of the game for 24h, 7d or 30 days. I never used it myself or heard from friends using it, but if you lose big time and are afraid to make a rash decision it could be a good idea to lock yourself out. The problem is that this is only for one casino and even if you locked out for 30 days, you could just go and sign up on a new website. For this to be efficient it would mean that all the casinos work together and you can't gamble anywhere else. Such a database with all the gamblers who are afraid to be addicted would also be a security risk if someone gets access to it. The percentage of people who are struggling with gambling is relatively small compared to the large number of gamblers who only play for fun from time to time. Nonetheless gambling addiction is a serious illness and casinos should do more to protect the gamblers who are struggling with.

To be honest, economic tragedy is part of the capitalist societies we live in. On average we face a big crisis every 7-10 years and in fixing the current crisis we usually create the next crisis that will hit us. Just in the last 20 years it was a perfect cycle for the boom and bust philosophy created by the politicians. In 2001/01 we had the Dotcom bubble, the low interest rates afterwards resulted in the 2008 mortgage crisis. Then in 2011/12 we had the European Government debt crisis which again kept the interest rates near 0%. Only the Covid pandemic was a  crisis that didn't fit into that pattern, but helped to keep the interest low for a few more years. It's been now 10 years with ultra low interest rates, facing high inflation was inevitable. As long as we live in an economic system that is based on capitalism I don't think there is much we can change.

I agree with you, right now the market is guided by fear. This week we saw a lot of panic selling happening. Why are so many people running for the door now? All the risky assets dropped a lot this week, but selling bitcoins now at 20,000 USD or even below seems like a very bad choice to me. We should be buying low and selling high, not the other way round. What I don't understand is why high inflation is pushing down on the bitcoin price so much. Shouldn't it be that inflation is bring down the value of fiat money and increases the value of crypto coins? The best thing we can do is HODL and not give into the selling pressure. Stable coin might be one solution to store value, but the more people sell at the moment also means the price will drop even further down. We can all stop the panic by not selling our coins.

It's hard to predict what will happen next for me because the downturn this week was a bit unexpected. Bitcoin dropping down to 20,000 USD caught me of guard but won't change much in the end. Right now there is panic in the market and that is never a good point to sell on my opinion. Even today with dropping below 20,000 I am wondering who is selling all his coins. For me I will keep holding out. That's also what I would expect in the near future, eventually traders will stop giving up their bitcoins so cheap. The market will settle down and volatility has to go back to normal levels. In 6 month I expect bitcoin prices to be much higher again. Unfortunately this is highly dependent on the Ukraine Russia war, if there is no end in sight at the end of the year than things could remain bad in the crypto market. The more sanctions the west impose on Russia the more will global growth slow down, hurting all economies.

I would say that it is a cat and mouse game between some gamblers and the casinos. The casinos are probably trying to staying ahead of the gamblers and limit the possibilities to abuse promotion system, but they have only a limited budget and there is always the possibility of human errors. When it comes to IT security we know there is never a 100% safety. If people are willing to spend enough time and money they will be able to find ways around it. The same goes for exploiting casino promotions. The larger the promotion of the casino the higher the incentive for gamblers to find an exploit. I expect that most gamblers are not actively looking to abuse the system. Only if it becomes to easy and the exploit is circulated online a large number of gamblers would use it. It's like someone teaching us the way to find free money. The casino on the other side will likely get ride of any abuse fast. I am wondering if casinos make an analysis to check how much money they make of a promotion, and how much money they lose due to abuses. As long as it's positive it should be okay for the casino.

I also like to bet on football games, together with esports it's my most favourite sport. Back in 2016/2017 I bet heavily on CSGO and Dota games, but after a 2 year break I came back to bet much less now. My most bets now are on big tournaments in football, like champions league or the upcoming world championship. In general I prefer bets with high chances of winning, the only problem is they are not profitable. Betting on games with 1.1 or 1.2 only gives a small return and we still have the risk that we lose all our money. To build up a bankroll slowly with very save bets is a good idea if we have the time to do the research for every match. When my favourite team plays and I feel good about them winning then I go for lower odd bets, here the chances of winning are not so high but atleast the payout is good.

That sounds a bit like market manipulation, is that even legal? When all the big crypto players work together to force the price down it would mean they liquidate a lot of their positions now. Shouldn't we get some insider news about it? I don't think all the companies could remain quite for such a big a deal. Once the margin call is being triggered it would mean we would see strong buys in the market in an effort to close down the position. Shouldn't the price than rise again sharply? I am no expert on uncollateralised and not sure what options there are to avoid liquidation. Maybe there is a chance to restructure? Like how much further can the price drop, below 20k USD I would expect all the whales to start buying again.

Interesting article on quantum computers, but why is this so negative for crypto currencies? I always thought that advancements in the computer technology would boost cryptos because it makes the difficult computations more quickly and will require less energy, which should reduce gas fees long term. Having more advanced computers that use quantum computing is just a matter of time. To me the whole big drop of more than 25% in less than 2 weeks seems insane. Sure there are some negative news out there, but we were at 60k USD last year. And with the big swings we are seeing daily I wonder who are all the people selling now? It can't be just some ordinary investors who read the news about quantum computing and decided to sell. For every seller there is also a buyer who gets his hands on very cheap bitcoins right now.

I think the recent price drop of Bitcoins has only smaller impacts for gamblers. I don't expect any of the veteran gamblers to fall for the recent drop and to quickly sell his coins. Why would anybody sell his coins at such low levels? It means to give up all the profit we made in gambling when converting now back to fiat money. To be honest at low crypto levels we should be gambling more. The money we can make in gambling will offset any losses from trading. The only problem is if we use bitcoins to play poker on tables which are fixed in USD, that got 25% more expensive in the last 5 days. Best to stick to crypto casinos and avoid fiat money for now.

Oh wow that's a big surprise to me, had no idea slot machines where so addictive. If you had asked me before I would have said that sports betting is much more addictive. Personally I like to do both but wouldn't say that I am addicted to either one. If I had to choose between the two I would probably pick sport betting because it's more fun and also more profitable. Slot machines are very common in my country, you can see them in many bars and every time I go drinking with friends with we spend a couple of Euros on them. The thing with slots is that we never really take any profits, if we win something we just spend it on more spins. In sports betting it's different, I like to take profits and save them. The idea is to one time win the jackpot on a slot machine, whereas the winnings on sports you already know when placing the bet. In my country I see many more people outside of the sport betting places than at a slot machine.

Stop loss orders are important tools for short term traders. We can all make wrong decision and a stop loss helps us to limit our losses. The problem is that in times of high volality the positions can be closed out way to fast again. Today bitcoins dropped 10%, which means that most of the stop loss would have triggered already. Another problem with stop loss is that it doesn't take general market movements into considerations. Over the last few months all of the big crypto coins lost in value. If we sell our positions through a stop loss where will we invest then? Switching into a different coin will likely trigger the next stop loss. Maybe selling right now is not the best option, because why didn't we sell when bitcoin was at 40 or 35,000? At such low levels now I would just sit out the storm.

Casino games are designed that there are higher chances of you losing than winning. The negative expected value in gambling is what makes the casino money, without it casinos would go bankrupt. The first problem is to look at gambling as a form to make money and become rich. That's not the case, casinos are a form of entertainment and not a guaranteed win. You can also look at it this way: for you to be able to win big in casinos, you need others to lose. Getting away from the focus on winning makes it much easier to gamble regularly.
Gambling addiction is the most extrem negative consequence from excessive gambling which is terrible, especially if it's happen in our own family. So far I haven't met anybody with this addiction but I read many articles about it. When it comes helping a family member with it, I think we can learn from other addictions like alcohol. We need to be aware that we can't change somebody, he has do it himself, they only thing we can do is help and support. Telling a family member that we love him and we want to help him in his struggle is important. This of course doesn't mean we should enable him, like don't lend him money. Rather offer him to take care of his finances for him, if he can't control his own money anymore. Having fixed budgets for every part in life could help a lot.

The bitcoin price is down 10% so far today, seems like some whales are panicking and trying to get out at any price. I am really wondering who would be selling his bitcoins at 25,000 USD? There is no way that I would give my coins away so cheaply. In the past I made the mistake once to sell all my cryptos during a bear market, never again. The best thing we can do right now is to HODL. Longterm I still believe in a positive bitcoin trend and we will see a new ATH above 100,000. The only issue is if we rely on bitcoins for our monthly income, then we are forced to sell at the current lows. We should be buying now rather than selling. Eventually the world has to realise that inflation will reduce the value of fiat money drastically, crypto currencies are the only future.

I am a huge fan of card games and like to play them in a casino or with friends. In casinos the card games are usually black jack, poker and baccarat. All of them are nice games with easy ways to bet money on, but only Poker you play against other people. Most of the casino games you play alone against the dealer. I would like to see more community games against other players. This way you could play online against your friends and add some betting functions. The three most popular games I play with friends are Romme, Skat and Canaster. Maybe they are not popular enough for the big casinos, but I think among the older gamblers there could be some demand. As for the monetisation it could work the same way as with poker tables, take some fixed rake from each table.

And another limitation from the European Union on all it's citizens, why can't we decide anymore for ourselves on what is good and what is bad? Do we really need to be fully controlled by politicans. I understand that we need to switch away from Russian gas and Solar energy is one way to be autonomous, but do we need solar panels on every house? The first issue is that we already have a lot of regulations on heat insulation for new buildings. The building cost for a new roof already increase 30% just by new insulation everybody has to use, then we can add another 30% due to inflation in the last years, and on top of that we now need solar panels. Like this it seems that cost of a new roof doubled in the last 5 years, which is insane. Also in the summer it's sunny and solar panels should be profitable, but during winter we see almost no sunlight. How will this be worth it to have solar panels then? I am not against green energy, but why does it have to be mandatory?

Though question, usually a scam accusation is a red flag for me and I would try to avoid that casino in the future. If it's an older casino and I only have good experience with it and so did many other gamblers, that I would give it another chance. It really comes down to what kind of reviews there are and how the negative issue looks like. Reading random reviews of a casino from the internet is not really trustworthy to me, I will always give more weight to a review here on the forum than any other side online. It's just too easy to fake good reviews online, but here on the forum if there are members who have been around for many years with a high trust factor, then we can give much more weight to it. So let's say the scam accusation comes from a Newbie rank with no other posts here before, than I am a reluctant to stop completely gambling on that casino. For a casino to scam it's customers I would expect them to do it to many customers at once, and not only one. Why risk the reputation of a well established casino on one single case?