If he actually sold his house, then he took a big risk and he was fortunate at the end. This kind of risk is not advisable because in a situation of loss, he will come down to nothing. Cryptocurrency is risky so only use the money you can afford to lose when investing.
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I can never agree with you on this. I believe you just wrote this without any proof and this is one of the ways people who are not informed spread FUD. The list of people whom cryptocurrency has made is endless. Please do your research very well before concluding.
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I am not disputing the fact that bitcoin can be used for money laundry but not as much as it is portrayed to be. Money laundry is also much with fiat currencies and as a matter of fact, some money will not even be converted to bitcoin because the people involved are not conversant with it.
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Can we really mention one most influential factor that makes the price of bitcoin to fall? So many people have given several reasons. G20 summit, regulations, ban and prohibition, bitcoin ETF, demand and supply, manipulation etc. I think all or some of these are responsible.
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When you have too much debt and you income can no longer cover for your repayment, you may need to notify your lender of this development and give them evidence to back up your claim. In this case, your lender can choose to restructure your repayment in a way that your income can accommodate it. On your own part, you may need to cut some expenses.
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I cannot agree completely with your saying that people are not motivated by money. While some people are not motivated by money, several other people are motivated by money. Some people are born innovators and they spend their day trying to have something named after them while other only need money to survive.
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Invest in bitcoin now and better your life in future. If you are not sure, I think you should ask the people who invested in 2009. You don't expect bitcoin to make you rich immediately but rather think of what your little investment of today can yield tomorrow. At the current price, you are able to buy more bitcoin.
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I need to know what exactly the cryptocurrency stand to achieve. The problem the cryptocurrency wants to solve and how it intends to solve it. I am also interested in the project team and how serious they are. Some projects failed not because they didn't have a good product but because the team was not serious.
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There is no end to discovery in life. For these reasons, I don't think that cryptocurrency will be the last payment option to be discovered. The evolution of money over the years has shown this. The only thing that I am very sure of is that digital currencies are going to be with us for a very long time.
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If all you have is physical cash, I think you will need to choose to buy from someone in your country whom you can see in person. Everything will be done while you are with him. You will pay him cash and he will transfer the bitcoin to your wallet address. Make sure that the bitcoin is in your wallet before you part ways.
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My answer to your question is yes and that is if you can find a reliable one. Getting a good ICO is difficult nowadays because of scam but there are still good ICOs out there if you can do thorough check. Alternatively, you can go for the project already listed on the exchange and trading.
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If you invest all your money in only one project, what you have done could be likened to putting all your eggs in one basket or testing the depth of a river with both feet. If there is any challenge that may lead to failure of the project, that means your money is gone. Spreading your investment makes more investment sense.
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Identifying a good project to campaign for is increasingly becoming a daily challenge as so many of these projects are scam. It is painful not to get rewarded having done a campaign for a long period of time. You have to do your due diligence before joining any campaign. Translation is good as it offer bigger rewards.
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From the beginning of this year and till date, the market has fallen greatly but as far as I can see, this is not enough to make people lose hope in cryptocurrency completely. What is important to do is to take the advantage of the current market situation to make more profit.
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