Shorting bitcoin can be extremely dangerous especially if we are in the middle of a bull market you should only short bitcoin when you have complete assurance that we are in a bear market your profits will be small but at least you wont lose money, I know it does not help you much since you already lost that money but holding your coins is by far the easiest way to make profits since you are letting the market do all the work for you, unlike trading in which you have to do all the work by yourself.

Without a doubt that is one big factor but even if the capitalization was very high like the forex market we will still see the same volatility and the reason is that the market of bitcoin is as you may guess based on bitcoin, while that may seem like a dumb observation it is not, whales are not holding dollars but bitcoin which means that if they have 100000 bitcoin it does not matter if each one of them is worth a dollar or one million dollars they still have the same amount of bitcoin and can manipulate the market as they wish.

This is happening because people are not content with the profits bitcoin could give to them, they want more, they want to be able to get similar profits to the ones the early adopters of bitcoin got and by doing so they are supporting the growing industry of icos in which most of them are scams, it is sad because those that want to multiply their money the most are the ones that at the end are going to lose their money when the developers of those icos disappear or are unable to make their projects a reality.

The price has become stable once again, sometimes it goes down and sometimes it goes up but not by much so I assume we are going to move within this range for some time, but you are correct in the rest of your post, the reason I'm still in this market despite everything is that I trust a recovery will eventually happen, but as always the issue is that we do not know when that is going to happen so we are left with two options, to leave the market or to hold and to me to leave the market is not an option.

This is a simple question to answer, we do it for the reward, it is true that many people that have invested in this market have lost a lot of money but there is also a significant amount of members in the forum that have made fortunes or that at least have improved their life considerably through cryptocurrencies, I have not become millionaire thanks to bitcoin but I did got some profits and the only thing I did was buy some bitcoin and hold so making money is not as difficult in this market as people think, the problem is that people take great risks where there is no reward to be had like investing in scam icos.

Correct, it is incredible how many newbies try to run before they even know how to walk, getting profits is not easy and there is a learning curve and the more you learn the more you realize you will have to learn, many people do not want that so they are never going to achieve what they most desire which is a life in which they make a lot of money easily and it gets even worse since not only they are not going to achieve those results but they will lose all their money.

No, the last time the bear market lasted three years that should give us a guide of how long this bear market can last, 3 or 4 years in my opinion is the worst case scenario and the best case scenario is that the bear market only last 1 year but the most likely scenario is that this market last for 2 years which means that as of right now we have only experimented 25% of the bear market so all of those waiting for a fast recovery are probably going to be disappointed with bitcoin for some time.

No, it is not going to happen the price may skyrocket in the future that is correct, but I do not understand this fixation with the end of the year people seem to have, it could happen tomorrow or in 20 years or in any date in between, that is not important what it is important is to keep holding your coins, to buy more if you are able to do it and wait for that day whenever it happens, so do not select a particular date of when you think the recovery will start or you will most likely get discouraged when that does not happen.

Buying right now is a good option so it is not a bad advice since the price is not going to get that much cheaper, so we must take advantage of the low prices and get more coins than what we could get if we bought at the all time high, the only problem is that we come from a very intense bull market so most people have spent all their money already and they do not have any more money left to invest in this market which is another reason of why we see stagnant prices.

What it happens is that people do not want to do what it is necessary to become rich, I have seen studies that shows that poor people when asked, do you have a plan to become rich and which is it? They answer winning the lottery, and we know that is not really a plan and those that invest without any knowledge in the market are just wishing winning the lottery and invest in a coin that goes 100x without having to do any study and that is simply not going to happen.

That is just the way some governments think, they are charging people for something they do not even provide and that has no direct harmful effects to people like alcohol and cigars do, this is why we need bitcoin and similar technologies, governments are too big and too strong and the only thing they want is to become even bigger and stronger and a limit needs to be put in place and since they are not going to self regulate themselves society will have to do it for them with the use of new technologies.

This is the right advice people enjoy too much spending money and even worse they love even more to spend money they do not even have, when it should be the other way you should enjoy paying your debts and saving, those that do will have a better life than those that do not even if they earned the same income, those that spend money do not understand that by spending in unnecessary things they are condemning themselves to work for the rest of their lives and that is something I do not want.

I disagree I do not see a future where there are many cryptocurrencies being widely adopted unless all governments of the world decide they want to release their own cryptocurrencies, after all we do not need that many coins being adopted by everyone as long as coins like bitcoin and ethereum are the coins that are adopted, the rest of the coins are going to be niche coins only used by a small segment of the population with very specific needs.

The media is trying to use the same rationale that is used against guns and are trying to use it against bitcoin, they are trying to ban guns in many countries with the excuse that guns kill when in fact the ones that kill are the people, guns are just a tool, but the great advantage of bitcoin is that bitcoin is not a weapon, bitcoin is just a currency, so people are not going to be deceived that easily by that argument since you cannot hurt anybody directly with your bitcoin.

Good for you, many people are complaining about the price but they were the ones to buy bitcoin when its price was very high instead of just being patient and wait for the day the price went down, while I'm not an early adopter I also bought bitcoin when it was cheaper than its current price so I'm still in profit as well, but obviously I would like the price of bitcoin to be way higher than its current price but that is something that is out of my control and I have decided to hold until the day the price recovers.

Another reason is that with the new regulations governments are trying to limit the capabilities of people to acquire cryptocurrencies, in the past you could buy coins without identifying yourself and now it is becoming more common to have to give your data away to get bitcoin, this goes against the philosophy of cryptocurrencies that offered a way to send transactions all over the world without the intermission of third parties and with a low barrier entry of only needing access to a computer to do so.

You did not expected this level of volatility? I find that to be very odd bitcoin has been this volatile for a long time and you can see that bitcoin skyrocketed like this in the past and it also crashed after it skyrocketed, so this is nothing new and anyone that took the time to take a look to the history of bitcoin will see that I'm not lying at all, so if you were not expecting this level of volatility after all the evidence that points to the contrary then that is your fault.

People are used to only have national currencies printed by governments but in the past there were regional currencies that were used only in certain regions of a country and even some towns had their own currencies as well, with cryptocurrencies now becoming more widely adopted there is the possibility for small villages to create their own smart contracts and their own coins, and through very small icos they could get funding to create projects in their community, so it seems cryptocurrencies are already changing the way people perceive the economy and that is a good thing.

Do not worry that happens to everyone, the first crash that you experiment when you have money invested can be really painful and it is an experience you never forget, but once that is over any other crash is not going to seem so big and in fact you will be surprised by your ability to remain calm during the crash, that happened to me with this crash since it was not my first and now I know that it does not matter what it happens with bitcoin or altcoins I will resist it.

Correct, money may seem to come easy to some people and then people wonder how did they do it, but they are only seeing the tip of the iceberg they are not seeing all the effort they made in order to get those kind of results, it is very easy to see that a day trader is making a lot of money but what you do not see is all the books he read and all the money he lost in order to acquire the experience necessary to trade at such a high level and be able to obtain fast profits.