That's only if you call a person who bought above 60 000 an old investor. I'm an old investor while still not as old as many people here and I bought most of my bitcoin for less than 1000 dollars.
I don't regret anything, believe me and I'm a living proof that you should hold your bitcoin for a long time.

You say that people who bought at very high prices felt at a loss and this is understandable but they had to know what they were getting into.
What do you expect to achieve when bitcoin is up by more than 300% from its all time high? That it will go another 100% and goes into bear market and you manage to sell before that?
People who buy bitcoin thinking how much fiat money they can make from it often get a painful lesson.

Of course he can. Both activities are more or less gambling after all.

It reminds me of that thread where people talk how much luck vs skill is in gambling. Some say it's all luck, others it's 50% and it's the same when we talk about gambling and trading. How much gambling is there in trading? I'd say it's 80% or more. The other 20 is skill combined with experience but you can't profit from that if you don't have luck.

Don't mix trading with investing. When you invest like we do in crypto we identify projects that are worth our time and money. This doesn't require luck.

I know some rich folks and they're really careful with money, to the point that you'd call them penny-pinchers. One of my neighbors who has one of the biggest houses in the area built it by using the cheapest laborers and not signing a contract with them, just paying them daily in cash. I think that they do look at the price tag because deep down they know they can have more and more if they save up and that's what many of these people get addicted to. They want to own more and have more to show.

It's like asking if restaurant owners eat their own food, if mechanics repair their own cars in their garages, if builders also build their own houses, not only their clients.

I'm pretty sure that most casino owners also gamble, but it's a bit different when it comes to betting against your own house. I don't think they play dice because winning would mean a loss for the casino so the money would come from your own pocket but playing against other people like you do in poker makes a lot of sense.

Thanks for accepting me. All updated.

My question to OP is as follows. If in bear markets altcoins lose more than bitcoin and in bull markets follow bitcoin, with possible higher returns, you'd have to be able to perfectly identify a trend switch to profit, but even if you do it, there's a catch.

Remember how the SEC said that bitcoin is a commodity and most altcoins are securities?
What would happen if you bought an altcoin and next day it got sued by the SEC? That would mean an instant loss.
What would happen if you bought an altcoin and it got delisted like BCH and some others were? Instant loss.
What would happen if the creator decided to abandon the project like it happened with LTC and many other coins?

Let's talk about that LTC for a moment. It went through a 2 consecutive bull markets just like bitcoin. One in 2017-18 and one in 2020-21 and it barely grew. Bitcoin reached 20000 and then in the next bull market almost 70000 and litecoin went from 200 to 250. If you bought LTC in 2018 you had to wait 5 years to make 25% profit.

With altcoins you invest in companies and leaders. Buying ETH you invest in Vitalik, BCH you invest in Roger Ver, buying BSV you invest in CSW, buying Luna you invested in Do Kwon...

Thanks for your advice but I'll take my bitcoin over any altcoin you offer.

Username: pixie85
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I wouldn't interfere.

There's a lot of these situations where you feel like you should do something but don't know if it's the right thing to do and if that person really wants it.
Just look at the state of that person. Don't try to protect someone you don't know from bad things that aren't happening but could.

Old guy is having fun. I bet he's doing it for longer than you so you'll only make a fool of yourself trying to give advice to an old gambler.

We either have to agree that casinos use provably fair system and that it works, or not.

If you believe it doesn't, why not check the seed of that one game. You say that low bets were fine but when you bet high it was a loss, so it's rigged, so verify that one seed of the game you lost. I don't see a problem.

A game is very simple and it doesn't need time to think about the outcome of a roll. If you experience delays and think the game is making sure you lose, know that the interface is much slower than the game itself. The game is settled the moment you press your mouse button. You may not see the result but it's already calculated because the game needs milliseconds to do it, but then it has to let the front end do its thing and send it all to the player.

It looks like OP knows what he or she was doing.

Look at the screenshots. The casino representative says that OP broke the rules and they answer with "return my money then." This makes me feel like OP either did not read the rules and did not know what rules were broken, or read them and knew but thought that the scam will work or not and if it doesn't then it's off to a new casino but the chips team cheated the cheater by taking all the money on his account, not only the ones placed on the table.

Both sides aren't acting good.
OP doesn't want to disclose what they were doing that drew the attention of the casino.
Casino doesn't want to clarify what the problem was and wants to take all of OP's money.

You both look dirty. 

You're right, there's no way for them to intervene and bring peace.
It would be like trying to separate large fighting dogs with your bare hands.

Both these countries don't even want help. Israelis think they can handle it with superior firepower and US assistance.
Palestinians are ready to die for the cause and they're prepared for guerilla warfare.

This war is going to divide the world more than it already is.

IMO it's a bull market.

The bear market was elongated by US FED tightening policy. Now they're running out of options, even the FED chair said they won't be tightening in 2024, so that's out of the picture.

We're making higher lows every month. This is a clear bullish signal.

Even if we dropped down to 26 000 from here it would still be a higher low.

There are people who say the price could go down at ETF news but in the long run it's still going to go up because ETF = more buyers.

It's back over it once again.


Aren't we already in a bull market?
What are the signs of a bull market?
Usually it's the classics:
200 SMA
Price being above the ATH from the previous cycle
Higher highs and higher lows.

We're getting all of it at the moment.

I bought some bitcoin below 20 000, so I'm optimistic.

Traders aren't making huge impact on the market because their deal is to make a fast trade and get rid of their bitcoin with profit.

Whale traders tend to create those "bart simpson patterns" where they buy to liquidate shorts, wait if the small fish will follow their move and sell everything crashing the price back down to where it came from. Then they wait a day or two and do it again. It's just to liquidate leverage and does nothing good to bitcoin.

I don't follow them and hope you won't try to be smarter than they are.

It's good advice especially when you don't know what the value of your investment will be in a year or two and believe me, people you show it today will remember about it in a few years.

You may think like it's not a big deal, you told your friends that you bought 1 bitcoin last year at 16000 dollars which was a price of a new motorcycle so nothing special, unless you're dirt poor.
Now it's 30 000 so you can buy a nice car for that, and not the cheapest little thing, but something fancy like a 2020 challenger or mustang. That can make them envious already.

Next year if ETF gets approved we'll be expecting to see bitcoin at 60 000, or even at a new ATH. In terms of cars that's a Tesla S. Many people would kill for that money.

That's simply stupid and I can prove it to you.

In 2019 you could still buy bitcoin for 4000 - 5000 dollars.
In 2020 after the crash it was at that level again even if you did not buy exactly at the bottom you had weeks to buy before it reached 7000.

Doing that would put you in over 1000% profit in 2021  and would keep you at 400%  or more profit for the rest of the time.
Making 50 000 in profit from a 5000 dollar investment is not a small thing. No other investment offers such returns.

If we assume that next bull market will end with a new high, we're talking at the very least about 300% return in 2 years if you buy now.
What can you compare it to that will give you even half of that?

Yes, it's strange they had so many years to buy bitcoin and suddenly an ETF appears and they are all so keen on throwing their money at blackrock and others.

I can understand some of them though. You can be a bitcoin loving CEO but getting the company board to vote for bitcoin allocation might take a lot of persuasion. When a big company known for managing billions of dollars stands behind this bitcoin investment it makes things much easier.

Depends. The lowest amount to start a channel is the transaction fee + amount of coins you want to put in the channel. The less you put there the less transactions you will process.
Nodes are chosen based on capacity and they have their own rank. If you want your node to have high rank you need a lot of capacity. I don't run my own so I'm only telling you what I know about it, not from experience.

I saw a few people share their experience and usually if they had between 1 and 2 bitcoin locked in the network they were able to earn $10-20 a month from it. 

BTC is tied to the node but it's not at risk.


Yes. You can route your transactions through your own node.

I'd say very little. Node proponents tell you to run it because it contributes to the network. The more nodes the more robust the network becomes and if you have a lot of bitcoin you want the network to work well. For someone with 10m dollars in bitcoin, spending $500 on a plug and play bitcoin node is dust.


If your system is not infected and you don't make any mistakes like send it to a wrong address or set the fee too high, you're not at risk. I've sent hundreds of transactions in the last 6 or 7 years and none of them was blocked, hijacked or lost.


Yes, but if you're paying for something and that transaction is sent, it's over. Payment processors send information to the store and it's the same with ATMs. If you exchanged bitcoin at 30000 dollars and by the time it confirmed the price was 29500, they won't cancel it or send the money back to you.

You can't really learn trading. Give me one trader who's really good at this meaning that he doesn't scam, doesn't sell online courses, doesn't have closed groups of followers and doesn't make bold statements that never come true.

I saw a large number of people who call themselves traders and analysts in the crypto space like Tone Vays, Willy Woo and many others who were completely wrong about the price of bitcoin.
Then we have the renowned investor O'Leary who oewned FTX shares and promoted them. Mike Novogratz had a Luna tattoo...

You can learn the basic of trading in a month but you'll still make mistakes.

It's not difficult to be better than FTX.
FTX was a clear scam and SBF was stealing customer's money.

You might not know this, so I urge you to read some court documents. In short, SBF spent 15m dollars on a flights alone while maintaining the image of an overworked genius who wears shorts and drives a Toyota. He also gave 10m as a gift to his parents, money that most likely belonged to FTX customers and was never returned after the bankruptcy.

Binance might be in trouble due to mismanagement and still be better than FTX by not being a scam.