I agree. It is absolutely important to do a strong research about an ICO before participating in it. We've seen so many scam projects so far in the end. Noone would like to come across them.
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Chinese government was afraid that Bitcoin would harm its chief monetary unit, yuan. So it wanted to impose a ban on cryptocurrencies and get rid of the problem. But this was really a wrong action I think. Instead of banning them, it would have just regulated them. It would be for the benefit of investors and the country both.
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For now, it's really a hard thing to predict what will happen about the price. We've been still seeing FUDs which have affected the price in a really bad way. But it gives people an opportunity to buy more Bitcoin also. When the price reaches at least 60k dollars again, it means that you are in a great deal of profit.
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I was really unhappy as I lost the last train to be able to make a lot of money. But there is always another chance I think. I believe in it and already made a good investment into Bitcoin. I'd wait for 5 years e.g. if necessary. I care about the result the most.
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Bitcoin has long years ahead of it, I'm sure of it. I don't think that it will be everlasting but there are so many records waiting to be broken for the price. And the adoption also will reach gigantic levels.
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Some people think like it is the best thing but some don't. Because there have been many people who saw this as a opportunity to accumulate. But also many people were unhappy as they lost a lot of money.
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No, it won't. Because Bitcoin mining won't go on like this by consuming high electricity and using fossil fuels at a high rate. Eventually, we will see it continuing with 100 percent renewable energies. Then, it could even be its rise rather than a "downfall".
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It actually can if the governments give green light to this. But they won't which I'm sure of. They wouldn't like their digital currency to lose huge amount of importance and value. I don't expect to see this happening in any big country especially.
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I think that we will never learn who Satoshi is. Satoshi should have revealed himself or herself in the first times of Bitcoin. Now, we don't know how much affect Satoshi's revelation could leave on people. And it is hard to predict its probable reflection on the market.
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We will never forget that day and I hope that we don't have that kind of days in the future. I'm totally against every kind of manipulations. It shouldn't be this easy to change things in the market.
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You are right about thinking in that way actually. Being listed in big exchanges in the market is an enormous advantage for a coin. Mostly, we see that the prices of those coins surge right after being listed. Because it's not very easy for a coin to be listed in a big exchange like Binance.
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I've been rarely checking Elon Musk's tweets actually and I'm really happy to do that. Because whenever I come across one of his tweets related to this field, it makes me uncomfortable. I started having this feeling after he destroyed the market.
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DYOR (Do Your Own Research) is the approach that everyone should follow.
I agree with you on this absolutely. People should learn to do their own research. The worst thing to do is just following some influential people's opinions. It absolutely increases the risk you've taken.
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Nearly everything is taxed as long as you make a profit from it. Hence, I'm not surprised to see that Bitcoin earnings are taxed also. But I don't support governments that imposes a tax which has a high rate (like 20% etc.).
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BNB has a possibility to make it to the top of course but we never know that. We also didn't know years ago that Bitcoin was going to reach these levels but here we are. Whether BNB becomes the top cryptocurrency or not, I still think that it has a bright future.
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I think that BNB is definitely one of the promising projects in the market. So far, the price has reached $690 the most and it is $418 now. It looks like it has started to recover. $1k is not a hard goal to reach for the price. Maybe this year, maybe next. But it will happen I believe.
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This is really one of the classic questions but I always answer this with a classic sentence: "Always do your own research.". Otherwise, somebody can advise you to invest into a specific coin and you could lose a lot of money also. I don't think that anyone would be eager to influence you by taking the responsibility.
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I really would like to know about this but there is no way to do so I am afraid. This period still seems like a bear market to me. Because Bitcoin hasn't even climb over the 41k-dollar level again yet. It doesn't give good signals for another rally.
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I think there is nobody who thinks in the completely opposite way. There are many scam or thrash projects in the market now. It is important to be able to sort those ones out. I always do my own research before investing into a new project.
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I also think that Elon Musk is manipulating the market. I understood it better when he decided to stop accepting Bitcoin on Tesla sales and gave a hilarious reason for it. But I don't understand why he is doing this. What is his profit in this? Tesla are in a huge loss also as they made a huge investment into Bitcoin in the end.
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