in a way you are correct because this has happened as some people forgot that bitcoin was meant to be a currency not other things including a get rich quick scheme, store of value,... but you should not forget that usually what you read on forums is not representing the whole community specially this forum that is filled with newbies and spammers. basically what happens is that those who are in bitcoin for real reasons aren't so vocal so you don't see or hear them around here but the newcomers, specifically those looking to get rich quick, are the ones who are so vocal so what you see most is them and their confusion about why they haven't become a millionaire yet!
Hmm, good insight, we often lock ourselves in an echo chamber, maybe I should visit other forums to see different opinions too, but is hard to get out of a comfort zone.
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sure. the early bitcoin users were mostly cypherpunks. the emphasis was on trustlessness, decentralization, cryptography and privacy. today, most newcomers are investors---they don't understand the technology and operate mostly off buzzwords. it's annoying, but i think it's also part of the original design. i can't find the quote, but i'm pretty sure satoshi acknowledged that if it ever caught on, BTC would become extremely valuable.
after climbing from $0 to $20k, it's only rational that some people are chasing the price. it's a distraction, but it's also a natural side effect of exponential network growth.
Yeah i remember that part too, same as mining and the reason of the limited supply, all aimed to increase the value of the coin
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Haven’t people thought that we are deviating a little from what bitcoin intended to be? just need to see the first pages of the forum to realize that the discussions focused more on “which crypto will generate more money in X amount of time” or “it is good to invest Y amount of money in Z currency”. Of course, I do not think this is bad, because, in the end, investors and adoption for different reasons benefit bitcoin, but I think we are moving a bit away in the goal that Satoshi had when he put his words in the bitcoin whitepaper, and how do not do it? if is so easy to get lost in the FUD, FOMO, and a cloud of thoughts, at least once a week I have to read the bitcoin whitepaper to try to not lose the way.
Maybe I’m just exaggerating but I’ll love to hear your opinions.
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Many use Myetherwallet because it has good compatibility for different currencies and you can use it as a wallet in general, but be very careful because it is a very popular site that scammers use for phishing, so it is recommended that you only enter the link that you write yourself, so you can be confident that you will not be scammed.
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ETh is a development platform and the second best currency after the famous bitcoin, so I think it should be a priority in your investments, dash and ripple are also good currencies, but if you go for popularity, good volume and price, I think ETH continues to emerge victoriously.
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It's a hobby like any other you may have, some people collect coins, others collect stamps and you collect tokens, probably in a few years you will have a really valuable one, the same thing that usually happens with coins or stamps.
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it's too early to say, but ETF would help enormously in bringing new investors to the market, that's why it's so important, equally any other positive news can help establish a new bull run, but honestly, I don't think we are going to have one this year.
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I doubt it a lot, and above all with those prices, besides that ETH has much stronger competencies, like EOS or NEO, that can be much more useful in the market, at the end of the day I believe that ETH will continue having the crown of the alts for much longer.
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Ethereum has an enormous potential, I think it is one of the best development platforms, I'm currently doing several courses to learn to program on the blockchain and ethereum to help develop new ICOs that really help the ecosystem, so I think ETH still have a lot to offer and without a doubt it will recover.
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Many banks spread fud because they are threatened by the financial freedom that cryptos can provide, so many believe that they are a threat that they have to fight, and to some extent, they are right, because money is often a form of control and the decentralization of cryptos puts that balance in our favor.
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The problem is that the word scam is used very often, when in reality very few projects are those that go with your money, most simply fail because they are poorly designed or because they simply had very ambitious goals, so it is important to investigate well the chances of success of a project before investing.
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KYC in cryptos is very delicate, since one of the strong points of cryptocurrencies is their ability to hide their transactions, or at least the origin, in the end the developers of the ICOs or airdrops are people and you do not know what they will be doing with your documents, at best they are selling your data to advertising companies and at worst it can be used to create false passports.
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I think one of the best alts is ETH, without doubt, has been tested again and again against adversity, so it is a very good idea to make hodl with eth, you can also invest in ripple or neo if you want to diversify your portfolio, but these currencies go for the long-term so take that into account.
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I think that in this new dip it would be better to wait a while to see if it goes down more, although I think that ETH has an excellent platform and still promises a lot, it may still go down in this market, so it is better to wait for it to go down a little more to buy a bigger quantity.
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I believe that it is undeniable that the government feels threatened by the cryptos, since it is a system of rebellion against the government, and takes away their power over the citizens, but there is not much they can do because the best thing about cryptos is his anonymity, of course, they can regulate certain investments, but we will still exchange money for cryptos for their simple convenience.
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That depends a lot on the ICO and what are their caps, for example, I have been in several of 1 month and 2 and 3 months, all have had a relative success, I have seen that the success depends more on how the campaign is managed than the time it lasts, so I do not worry unless I need money now, when they start to lengthen the campaign that becomes a problem, because that means that they are not achieving the goals and nobody wants that, when you participate in a bounty.
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The volatility of the market should not surprise anyone at this moment, it is normal for currencies to fall for an extended period of time and then rise again at a surprising rate, so the best we can do is hodl until we are satisfied with the price and see if selling is a better choice.
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I think the best we can hopen is an agreement between banks and cryptos, where you can quietly pass your money fiat to cryptos and from cryptos to fiat without any problem, that would be a pretty ideal scenario as it would make the adoption of cryptos for daily use much easier.
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Although there is nothing I would like more than to multiply my investment, I'm not so sure, the market has normalized a little bit now and we don't see a large amount of monetary investment as we saw last year, actually if it reaches 10k by the end of the year I would be more than happy.
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I think the first thing you have to do is to keep the private key that gives you any wallet you use, save it if you can on paper, never lose it or show to anyone, second if you are going to invest never give money in advance, the most common scam is when they ask you for money in advance to multiply your investment, clearly they always leave with your money.
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