I'd say good choice, but that high leverage is pretty risky. A suicide even when you trade against weak coins that are bound to correct soon like xrp.

A god choice is always to long BTC and short centralized shitcoins. XRP is feeling the Bitcoin FOMO, but no amount of fabricated news from them and deals with dying banks can change the fact that they're using their investors to make money and finance their good for nothing ripple company.

You're happy that the coin finally pumped but even this pump still hasn't brought the coin near its highs of $2, so think about all those bagholders who bought it in 2018 and lost fortunes.

Like some people were saying that BCH or XRP could be a Bitcoin killer.  

Existing, successful cryptocurrencies have a number of advantages. First they already have a user base and people are lazy. To dump one good coin to get the other they'd have to see the second one beating the first one but how is that going to happen without thousands of investors ready to take a risk?

Also existing cryptos have a brand. Avalanche doesn't have one yet and will need years to build it.

Bittrex is stealing money. They are blocking accounts and not allowing people to withdraw unless they send them a number of selfies.

Left profile, right profile, holding a piece of paper, holding your ID. Insanity! I send pictures only to people that I trust.

This only shows that exchanges can steal if they want to. They can make the verification process so hard that most people will get frustrated and discouraged somewhere along the way and *poof* free money for exchange.

I agree that how PayPal handles bitcoin transactions is a bit shady and lack of control over private keys is always a red flag but I don't think there's a big conspiracy to take your coins from you.

If the government wanted to do it it could print some money and simply buy bitcoins from you. They wouldn't have to use paypal as the middle man.

You're adding some supernatural features to support and resistance lines. They won't stop a correction from happening, it doesn't work like that.

In a crash situation previous resistance points are possible points of entry where a bounce backs or permanent reversals can occur.

Where did you see a crash to 2-3 thousand dollars? Do you mean that crash from 6000 to 3000 in 2018? That was an example of a strong resistance being broken.

The faster it goes up the sharper will the correction be.

Big fast gains are good for FOMO and euphoria but not for bitcoin.

Also, we don't know it it will go above the last ATH. I knew it would go to 20, I was saying it since it went above 12000 but 20 and above remains a mystery.

It looks like the trend is very strong and could go to 25 or around that even before the end of the year but there is going to be a correction for sure no matter if we only touch 20 or break it.

None of them should be labeled scam as long as there are some good projects.

Even if 90% of them are scams by putting them all in one bag you're generalizing and not being objective.

I don't think Defis will hold on. They will probably suffer the same fate as ICOs, but they are not all bad.

Your chart is showing a selloff after a big rise to a new all time high. We haven't had that yet.

Right now we are at the level where Bitcoin was at 1000 dollars before the rise to 20 thousand. Without a new high there's not going to be 50% correction and a bear market. Your chart will work as a great warning to people asking if they should buy when we're at 50 thousand USD or higher.

I wouldn't hold XRP for long. It's going to get dumped once this short rally is over if not by the traders then by the Ripple company. They dump on regular basis to pay themselves wages and if they see a big pump like that, the biggest one in 2 years, they won't miss the opportunity.

If you have 30% profit or something close to that number sell and buy some bitcoins instead or keep your fiats and buy yourself something nice.

Yes I do think it works with bitcoin and I can prove it to you.

During the 2018 bear market a strong level of support was 600 dollars and you can recognize that level by how many times it defended against bears.
It was attacked in June, July, August, September, October, and finally broke to the downside in November. Every month bears tried to break it and every month it bounced back above.

There's a rule that the more times a level is attacked the weaker it becomes and it is so with both supports and resistances and when a strong level is broken the following move is very strong and this is what happened with 6000. When it broke it was followed by a 50% drop in price.


This year 10000 was a strong resistance. When it broke it was followed by a strong 20% move to the upside and begun this bullish wave that will probably take us to the old ATH.

I feel like we'll never be ready enough to watch it all from a perspective and smile and that's because Bitcoin always does the unexpected.

In 2017 people were expecting a bull run but something like 6, maybe 10 thousand USD and Bitcoin went to 20. People were so euphoric that they missed the top and when it corrected sharply they were surprised.

I was also surprised even though I expected a correction but what I thought would happen was 8, maybe 6 thousand as the bottom, not 3. Then again people became so bearish that they were selling at 3, expecting 1 thousand.

This time you think it's going to be fine, expecting 50 thousand, but it's probably either going to be something like 200 or 300 because almost nobody believes in that level, or it's going to end at 20 and never reach a new high.

You can have similar names but it won't work in the long run. Like BCH used to be BCC, like the infamous bitconnect and had to change even though bitconnect was a scam.

If you steal a name from other project you will never have a chance to succeed. The market will verify and label you accordingly.

As for the lack of global community, many projects have something like that. The worse shitcoin you choose to invest in the smaller the community will be, it's normal.

The problem is that any ban should mean they will not provide any exchange services to you but should allow you to withdraw or at the very least send coins to an address they came from. That second option would suck for people who used coinbase address to withdraw from other services like online gambling sites but would be at least partially fair.

Stealing client funds is never the right way. I stopped using them a while ago after reading of people who had similar beefs with them.

I'd trade into the currency in which I withdraw.

Can you withdraw USDt? Do you trust USDt enough to hold it? I'd answer both with no that's why I stay away from usdt.

The rule that I follow is that I don't trade altcoins but BTC. It's more predictable and less manipulated. Whenever I get altcoins from giveaways, aidrops, forks, I turn them into bitcoin and if I feel like trading I trade it. When I feel like taking profit I sell into fiat, avoiding shady USDt.

I said that if 5 came in and won and 5 left with the same money there would be nothing left for the casino. It's as simple as that. Where do you see anything wrong with my math?

It's an answer to OP's statement about people losing more than they win in general because if you subtract house edge which I of course know about they statistically leave with less money than they came with.

If you put 1000 players on the floor and give each of them 100 USD you'll see that when the night is over they'll not come out with 100000 USD all together. That's how it works.

We need more  decent people in this space and not only managers who support other managers.

We need decent posters, honest devs, good campaign members who promote honesty and transparency.

I see a lot of good posters and campaign managers on this forum who want to help others and write not only to pump their post count but to resolve problems and expose scams. All that should be appreciated.

That guy has no idea what he's saying.

What crypto in particular is that useful to him and at the same time easier to understand than Bitcoin? ETH with its gas and smart contracts? I don't think so.

If you have trouble understanding Bitcoin you will also have trouble with any other cryptocurrencies.
Millions of people around the world know how bitcoin works. If you don't understand it maybe there's something wrong with you.

Gold doesn't work anymore for most people because it can't be exchanged fast.

You can't go to an ATM and exchange it for money or meet up a trader through facebook or localbotcoins and get cash.
Gold contracts have to go through a bank or paypal and physical gold is hard to sell and you have to make sure you're not buying fake.

Bitcoin is much better. Its only downside used to be volatility but as it matures it becomes less volatile.

In general yes, gamblers have to lose more money than win to support the business.

The business uses electricity, pays taxes, pays employee wages, damaged machines and tables need to be replaced and of course they have to earn some money on top of the expenses for it to make sense.

If 10 gamblers would come in and 5 would win and 5 would lose the same money, there would be nothing left for the casino.
There always have to be at least 1 loser more compared to the number of winners for it to work.

I'd like this to be true, but if we reach 30 thousand and fall from there, what will stop the market from entering a big 2-3 year bear market like in 2014 and 2018?

25 thousand in 2 months is doable but many analysts predict that if we reach that level it's going to end with at least 2x from the last ATH so 50 thousand or more in 2021, followed by another bear market. Then there are those who predict 200 thousand next year