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Well, I sorry for your loss, but this is trading! And if your only strategy is to buy a currency and to hope it will grow forever, of course you'll lose money.
Btw, if you are a skilled trader, with a volatility so high (bitcoin jumps up and dond 20% daily...) you can recuperate all your loss.
Of course, you can also lose everything...
I you don't like it, better invest in mutual funds...
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Money has taken a lot of forms during human history, and any time there was a change, it met a lot of opposition from the public and needed a lot of time to be accepted.
Think about the fact that today, even if in some countries governemnt try to eliminate cash just pushing the use of credit cards, there are still a lot of places where to pay with them is very difficult.
(I'm talking about Europe and USA, not about third world).
So, there is still a long path to the replacement of cash by crypto.
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There are a lot of speculations about the future, but nobody really has a clear vision about what could happen in just a year.
(think about the crypto situation one year ago, and see how anything has radically changed)
Anything is moving very fast, so the only way to survive is to learn to "surf" on the changes.
What will happen in a year is irrelevant; best focus on what will happen tomorrow...
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Well, to send fake ID could be a good idea, or a bad one: it depends who is asking for KYC.
If someone ask your data just for an airdrop or a bounty, you can send fake data without any further problem, probably.
But if you participated in an ICO with some real money, they are asking your data because the government ask them, so if you send fake ID you make something illegal and potentially dangerous: actually, it's the same as to show fake paper to a policeman on the road!
So, think about.
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We are always late for everything we could have done yesterday, but we didn't.
There are a lot of parties to go, a lot of trains to take, and sometimes we miss the winning ones.
But to regret is completely useless.
Moreover, if we lose our energy with regret, we will lose the parties that we could attend now.
So, if in the next months you don't want to ask again "Am I late?", stop whining and act now!
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You are pointing to a well known issues, that - really - make bitcoin still impractical to use; but any technology at its beginning had a lot of trouble and was difficult to utilize.
But there are lot of people working on these aspects, so I'm pretty sure that they will be resolved in a reasonable time.
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I'm using a very rigorous strategy, completely based on technical analysis (of course I listen to the declarations that can manipulate the price, but usually I saw that even in these cases, after little time the movements caused by the news are corrected by the chart.)
In this way I have decent results and I don't have a too high level of stress.
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Well, it's the same question if is it better to put your money in a bank or to keep them hidden somewhere at home.
At home they can be stolen by thieves, you can lose them, the home can burn, and so on, but it's under your control.
In an bank they are apparently more protected, but even the bank can bankrupt!
So, this is with crypto: if you have confidence that no one can hack your computer, or that you won't lose your keys and so on, it's a good idea to use wallets, but be careful because you don't have any protection.
In an exchange, usually you're safe, but if the site is hacked or it simply disappears, you won't have any control about the situation.
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Thank you very much for your precious info; I'm really stunned, as I never thought there were so many ways to be scammed  Your post made me to think in a paranoid way, and I just wondered if we can really trust antimalware softwares: how can we be sure that THEY don't put something malicious, or don't scan for private keys? It seems that we are really in an electronic far west, and probably the next big battle will be in the field of security. |
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To participate to an airdrop requests a so small effort that it whorth of it.
Of course, airdrops are just promotional tools, so you can't expect they had a big value.
But sometimes, if you're lucky, they can suddenly skyroket, so you can have a very nice surprise.
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I hope you are kidding, this seems to me completely crazy, more over that it seems to me a malicious way to know your financial power just to understand how much they can steal from you!
Can you publish the site of this ICO, just to check?
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It's so funny to read these old posts...this thread started three years ago, and... well, it's clear what I want to say  Actually, bitcoin has a very strange destiny; when it grows, it's a bubble; when it decreases it's value, it's dying. The true is that even with these up and down, bitcoin is winning its battle. Think about: in january there was the most incredible media war against bitcoin, with article, declarations, bans, and so on. Bitcoin of course suffered, but it's still alive and in growth. Not any other corporation or institution had be resisted to a so massive attack! So...long life to bitcoin! |
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You make a big confusion, because - after you've done the distinction between electronic money and physical money, you need to be specific about what kind of electronic money you are talking about. Paypal is electronic money, and also when you using your credit card is electronic money, but this has nothing to do with bitcoin! Actually, lot of countries try to discourage the use of paper money, and push people to use electronic money - as in Sweden for example - but this is a way for a government to take absolute control above any transaction and it's the complete opposite of the idea of bitcoin, where anything is decentralized, anonym and without any control. The problem is that most of the people don't realize the difference, so very soon we'll see some "government coin", fully centralized, and people won't understand that it will be only another step toward complete slavery Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.  |
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I just wonder if the wallet for shittokens could be named wcwallet... Actually, to reserve a space where shitposter, shittokens, shitdevs etc can meet, could be a winning idea. I'll work on it and I'll send it to theymos... Tokens are surely a great invention and we are obviously at the dawn of the Era of The Tokenization of Everything.
This being said we all know what shittokens are.
Shittokens are those tokens created out of the blue with no project whatsoever behind, and sold and/or airdropped for no clear reason.
Shittokens are shittokens (and not just tokens) because in fact they are tokenizing nothing except the hope and the greed of the developer and of the faithful early adopters.
Shittokens can be easily recognized because the have catchy and yet appalling names, typically with no relation with what the tokens are supposed to be and to do (if at all they pretend to be and to do whatever).
The destiny of shittokens is to end up in some easy-to-get-it exchange like EtherDelta where if they are lucky they may even experience their first and only Pump & Dump operation and then slowly die out turning slowly back to nothingness. However, hundreds of shittokens were probably not enough, and therefore now welcome to meet the Brand New Creature down the foodchain of crypto: THE SUBSHITOKENS!
You may have never heard of them, because it's a very new species in the crypto-taxonomy, a species which has been named for the first time here and now, in this very post.
SubShitTokens are the paria of the category, they have all the characteristics of Shittokens plus a fundamental one: they will never be listed anywhere, not even on Etherdelta.
SubShitTokens represent indeed the state of the art of the tokenization of nothingness, skillfully merged with the ultimate tokenization of oblivion.
For obvious reasons SubShiTokens can only be airdropped, because people would never spend any money for them, even though they are curiously ready to spend their time for them.
If you happen to be a SubShitToken Bagholder, feel free to list here all the SubShitTokens which are infesting your wallets, and let's see if we can then finally crown the True Crypto King of SubShitTokens.
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Politicians are the main source of market manipulation, so you MUST listen to them, if you want to know where the market will go.
Of course, "to listen" doesn't mean "to believe": simply, take their declarations as some indicators to help you in taking the right decision.
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Myetherwallet offers a safe and fast service, and I use it from long time withoun any kind of problem.
Of course, it doesn't protect you from your own stupidity or lack of security measures: if you lose your keys, or you enter in a phishing site, or a hacker crack your computer, there is nothing that they can do.
But you you follow the instructions, you'll are completely safe.
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May be it's my problem, but I'm in some Telegram groups, and I find them completely useless, as all you have is an uninterrupted flow of messages and it's clearly impossible to read them all, even if you stay all the time on it.
And if you close you mobile just for little time, the quantity of unread messages become huge.
So, I really don't understand why a big telegram group should be an indicator of success.
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Trading is not necessarily an addiction, but it can quickly become one you if you do not know how to control yourself.
If you don't put some strict limits to your activity in this field, you'll start to neglet family, friends, your own health...
practically, anything that it's not crypto becomes insignificant.
Take care to the first symptoms: when you start to lose your night on pc, or you forget about sex, it's time to look for help!
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Generally speaking, the lack of education in any field is a big problem, and in a lot of cases, to have a good academic background doesn't assure you have a good education, expecially about the most important topics: love, family, health, children and - of course - money.
So, as it clear that government has no interest to provide a good education in these field to the citizen, the only way is to educate ourselves.
This can be do with relative ease if we study, read, listen to older and experienced people;of course we need also to take some risks, but if we act wisely the result is always positive, even if we fail, because we earned experience.
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