I think it's almost as important to know when to take a break when you're winning as when you're on a losing streak. Your body craves it more when you've lost. But having winning streaks and continuing to bet as if they'll never end usually ends up doing the opposite, losing everything you've won and more. So it's a good option. Think of it as a snack. Now you've won, relax and enjoy the money. You'll be back, and you'll see how, over time, you have a lot of losing days.

Judging by the responses in the thread, I'm not exactly the one saying unbelievable things. FYI, for years it wouldn't be the first time I've talked in this forum about the difference between a bubble as a Ponzi scheme and a bubble as an overheated market that values assets well above their objective value.

Of course yes.


To begin with, what you mustn't do is to spoil them. And what you have to do is teach them to fish from a very young age instead of raising them by telling them that you have a mountain of fish saved up for them so that they don't have to do anything and can just eat them. I hope you get the metaphor.

From what I can see, it's 1%.


For comparison, I looked into the fees that VISA charges merchants and saw a complicated structure between Cost per Swiped Retail Transaction, Cost per Online Transaction and Monthly Fee. However, in some cases, it does appear that it could be less than 1%.

One source about it, for example: https://www.fool.com/money/research/average-credit-card-processing-fees-costs-america/

Although here we would have to take into account other aspects such as how long transactions take to be finally settled, for example, which I imagine will be much faster with bitcoin payments.

Or maybe he just had a huge net worth in other assets: real estate, stocks, commodities, etc. What's clear is that someone who's poor and struggling to make ends meet couldn't have held out that long without selling anything. But as for his other wealth, if he had other bitcoins we don't know about or other types of assets, we can only guess.

Lol. I think when I watched the video the initial offering was going to be "just" $500M. That is almost a 6-fold increase over the initial offer. I think it has happened like with the 21 21 plan they presented in October last year. The demand overwhelmed them and they had to end up issuing more.

Yes, of course, and the printing press put an end to the “quality” medieval copyists, in the same way that the computer and word processors put an end to the “quality” typewriters.


The other way around. You don't use AI much either, do you? What I use it for the most is to learn. That's like saying that the harvesting machine encourages laziness because people no longer harvest by hand. What these innovations do is increase productivity. And in this case exponentially. And it is precisely the increase in productivity that has led humanity to an increase in population and quality of life standards that were unimaginable two centuries ago, when Malthus prophesied the opposite.

It is the same as with the Internet. It has made it much easier to communicate, acquire and transmit information. Not to mention many other things, such as bitcoin or AI itself. But there are lazy people who only use the internet to look for likes on Instagram or TikTok. Or that they use it to plagiarize, instead of doing honest research citing sources.

AI is a tool with a lot of potential. How it is used, honestly and properly or not, depends on the person.

That's what I think. In fact, there have been “anti-compulsive” drugs for many years, but they have side effects, as this treatment will surely have.


I believe that depending on the degree of addiction and the consequences it may have had, this therapy can be evaluated, just like drugs, always taking into account potential benefits and potential risks.

I love how the price has dropped from ath by 5% and these types of threads are starting to pop up. If anyone thinks the price is going to keep going down what they need to do is short bitcoin. In the meantime I will continue to accumulate.

This guy has been exceptionally lucky. And I think he has done very well to cashout, especially when he says it has changed his life (although I think it would be OK to leave a few hundred to continue playing). He probably lives in a low GDP per capita country, so that $10K will give him a lot of purchasing power.

I also got the video to watch but it had as a caption that eth has the potential to outperform bitcoin, so I didn't watch it. Also Novogratz supported Kamala, you can have whatever political views you want but to support someone who was going to continue with a repressive regime to crypto and push CBDCs to me loses all credibility on the topic.

That we can go to $150K we all know that.

You say it as if politicians cannot change the laws or interpret them as they wish with the connivance of the judiciary. To put millions of illegal immigrants in and jail people for writing tweets they have no problem in UK, so if they wanted to with this they would have no problem in HODL either.

Measuring “luck” in casino games is meaningless. Otherwise you wouldn't gamble? In the long run there is no luck, so you will lose money. And in the short term the results are random, so you won't be able to measure anything.


Sports betting is a skill game, and there it can be “measured”.

From this thread, as from another one I just replied to, I gather that most people don't understand how gambling works in general, even if they have some idea of concepts like HE, for example.

Kind of. When I bet I prefer a higher potential return than a higher certainty of winning but for a lower return. For example, playing red or black in roulette is very boring, and it's EV- anyway. If you are able to win money at skill games it's another matter. But for occasional gambling I prefer higher risk for higher potential return. And as LFC says you are much more likely than hitting the lottery.

It seems unbelievable that you have been a member of this forum for so long. There would be a bubble if bitcoin were worthless. You think bitcoin is worthless? On the other hand you don't seem to understand how bitcoin treasury companies work.

I'm a bit skeptical that bitcoin is going to be used to pay for coffees. But Dorsey's company seems to be doing quite well, and has recently been included in the S&P 500.

I think that's going to be an increasing pattern. Coinbase was also included this year, and Strategy sooner or later will be. Plus there's Tesla which has bitcoin. Increasingly people buying the index will be more and more exposed to bitcoin.

On the contrary, we could reach $500K this year or next. I admit that my opinion is a bit bullish, but I believe that at some point there will be a supply shock that will send the price skyrocketing, and we will see changes of tens of thousands of dollars upward, as we now see hundreds or thousands.

One thing is missing from the OP's list: the risk of bankruptcy. No matter how many years you've been a pro making a living from it, there's no guarantee that you won't go bankrupt. You wouldn't be the first.


Yes, there are, but they are gamblers who play skill games, such as poker or sports betting. The thing is, they also diversify, and they open YouTube channels, do coaching, or other activities because they know full well that gambling income is unstable and it is better to diversify sources and income for the future.

No way am I going to trust what the IMF says on this issue. If they have really been buying it and keeping it in cold storage, it's very easy for them to prove it. The purchases are managed by Stacy, Max Keiser's wife, who I hope will respond to this accusation soon. Although I wouldn't bet my life on it either.

I don't agree that it's a question of novelty. As Oshosondy says, there are many rich people who go bankrupt because of gambling. If they have more money, they bet more. The issue has more to do with emotions, dopamine, and other brain-related issues. There are people who play slots every day and don't get tired of it because there's no novelty.