I agree. The high number of altcoins (new tokens, to be specific) is not good at all in crypto-world. Yes, there are only 21 million bitcoins available once all BTC are mined, and I think that's good. The limited number of bitcoin is an example of a healthy cryptocurrency since it will allow people to ask for its demand, thus making it to continuously circulate in the market. That's also one of the reason why the value of bitcoin is rising up until now. The law of supply and demand is being followed by it, and more people are embracing the bitcoin movement.

On the other hand, tokens with high supply is one of the things that a bad altcoin possess. By law of supply and demand, once a product has very high supply, and doesn't match with the damand, the tendency is that its value will depreciate. People who owns such tokens/altcoins will have a hard time to sell their coins since there's a lot of supply out there, and the worst thing is that they will be dumping these coins for a long time, and as time passes by, it will lose its value because there is no smooth flow of it in the crypto-market.

First of all, ALL cryptocurrency are VOLATILE. There's no exception on this one. And I think, volatility is the reason why traders trade assets. That's the reason why they earn from cryptocurrency. In fact, the traders are the one who are keeping the cryptocurrency market alive. Second, bitcoin network and blockchain is not outdated. In fact, the forking that happens in bitcoin network is actually one way to keep it up-to-date and to upgrade some of its features. Third, I don't think some of these new cryptocurrencies/tokens/altcoins are more secure than bitcoin. These new coins actually have limited use compared to bitcoin. Some coins are intended for a specific purpose only while bitcoin can be used as a universal e-money. That's why I still have my trust on bitcoin, and I don't think that an altcoin will later beat it in terms of its value and usability.

What's the point of paying in game items and upgrades with bitcoin? I understand you as a gamer (I am also playing online games and I feel the urgent need of upgrading your account or your character esp. when the battle comes), but wasting money for nothing? I don't think bitcoin is an ideal way of paying in-game items. Bitcoin is so volatile that it can rise up or fall down anytime. Once that happens and online games accepts BTC as payment, there will be problems in transactions, unless regular updates is done by the developers. And I am sure that you don't want any updates to happen once or twice a week.

You will also need extra amount of BTC whenever you make transactions with BTC since there's what we call transaction fees so miners will prioritize your transaction. I think there's a separate currency for gamers that can be used in buying in-game items and upgrades.

That depends on your average monthly salary. Investing in cryptocurrency should be set aside if your income is not enough for your basic needs. Let's say, you're average monthly income is $3,000. That amount will be enough to be divided according to your needs, and some part for cryptocurrency investment. 33% of that ($1,000) will be a good start for trading in cryptocurrency. I don't recommend bitcoin at this point because its price is too high for now to buy. Altcoins like waves, ripple, and steem are ideal starter pack for crypto-trading. you can buy a lot of these 3 altcoins with $1,000. You can divide $1,000 into 3 parts or invest all $1,000 to one of these three (but the former is better). Take note that this is monthly basis. It's your choice if you want to add more investment for the mext month or not.

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Very well said. People usually misunderstand the context of TAX. Most people think tax as the part of an amount of a good/service taken by the government for the improvement of government projects. When these people ask: IS BTC TAXABLE, I think what they mean is: IS GOVERNMENT GETTING A PART OF BITCOIN BEING USED BY PEOPLE?.

At some point, bitcoin is taxable in the sense that miners are being paid in processing the transactions done by people who use bitcoin.

And the reason why some countries/governments do not yet fully legalized bitcoin is that bitcoin is not taxable by them. Some banks have bad feelings about bitcoin because they are losing a lot of income. Most people prefer to use BTC than banking nowadays.

Thank you, sir. My telegram is @ramsdaj28.



God bless.

I think, ethereum will be a wiser choice over bitcoin in terms of long term investment. Considering the price, ethereum is cheaper than bitcoin as of now. Putting that into perspective, you can buy more ethereum than bitcoin with the same amount of money. Second thing, bitcoin is very valuable now, and so as ethereum. Ethereum has dropped for a while this month, but I expect it to rise up in the coming years. In the span of 5 years, you can profit more in ethereum than bitcoin.

In my own opinion, the case where altcoins like ETH surpassing the BTC in terms of value is POSSIBLE but not PROBABLE. I mean, it is really possible that it will happen, but the probability is less than 1%, I think. Bitcoin was the first cryptocurrency in the world, and it is hard for people to just leave bitcoin and transfer their money to other altoins (I mean, why should I choose those new cryptos and leave the TRUSTED, TRIED, and TESTED).


If ever any altcoins surpasses BTC in terms of its value and market cap, then I would still hold on my BTC. Why will I buy these altcoins AFTER surpassing BTC? That will be an unwise decision. The thing here is that we should buy the cheaper altcoins/tokens and wait for their values to rise up, not to buy altcoins/tokens with high value.

Yes, it can, but at the same time, it can not. If a person has self-control, he can do what he wants. In saving, self-control is important. Controlling yourself not to spend your money is a thing. Even if you have already put your money in bitcoin wallet, there is still a tendency that you're going to withdraw it and spend it. The worse part of teaching save through bitcoin is that they might learn how to use their money in online gambling, especially that bitcoin is widely accepted in online gambling sites.

Bitcoin is a cryptocurrency, but I think people who have actually no idea about bitcoin refer to it as GAMBLING because they might see MOST bitcoin users use their bitcoin in gambling. Gambling sites became popular since the bitcoin and other altcoins were created. And we can't blame those people referring to bitcoin as gambling because that was also my first impression about bitcoin when I first heard about it.

Another thing which make people refer to BITCOIN as GAMBLE is the concept that when you invest your money in bitcoin/cryptocurrency trading, there's no guarantee that you'll earn a lot (this applies even in other businesses). You don't know what happens next.

I haven't saw a fake airdrop, yet. But there are a lot of airdrops/ICOs that might turn bogus if not well-planned. How can we determine them?

First of all, it should be obvious that a project is fake if it has no whitepaper. Whitepaper is definitely the most important part of a project. This will give the people the idea about the project, including the details about the coin/token.

Second, a project should have a well-designed and organized website. Although the looks and designs of a website doesn't guarantee that the project is real (especially that there are a lot of people nowadays that can do web designing easily), it is still safer to join a project with a great website as it will serve as the mirror of the project.

Another thing to look at when joining an ICO is the list of team members. Most project/ICO developers uses the word PRIVACY to hide their identity. Although this is reasonable, there are still some devs who put their team members' faces and backgrounds in their websites. These ICOs/projects are more trustworthy than those who do not show the list of team members.

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I'm not fond of watching porn online or offline, but that idea might be a great thing on the part of bitcoin itself. As the number of businesses that accept bitcoin as payment increases, then the possibility is that the bitcoin value will grow. That is due to its increasing demand. If porn industry accepts bitcoin as payment for registration, then it will be great. I have already saw a online dating site (not porn site) called coomeet which accepts bitcoin as mode of payment for registration.

There are already a few countries that accepted, legalized, and regulated the usage of bitcoin. These countries include Philippines and Japan, of course. I think, there's no problem with legalizing bitcoin especially when the government and national bank of a certain country has good talk with the businessmen running bitcoin businesses in that country.

The problem with other countries (like China) banning bitcoin is that they do not want that bitcoin will be used by people without paying taxes. And I think these countries doesn't have enough time to talk over it that's why they don't prioritize the legalization of bitcoin in their country.

Yeah, litecoin has been in that trend for most of the time. There was a time when it pumped up to 0.021 BTC then dropped to 0.009 BTC. I think, litecoin will be at 0.01 BTC from now on. This might be because of these bunch of ICOs offering different tokens/coins. People are shifting from the traditional cryptocurrencies (ETH and LTC) to these newly created coins/tokens, and unless these ICOs will stop, the traditional cryptocurrencies will remain at their low price.

When it comes to long-term investment, litecoin will be a good choice since it has already showed us its potential in the crypto-market. It will only need some time to rise up again. Not now, but maybe, in the coming years, it will reclaim its high value.

I don't think that the creation of cryptocurrency for each country will result to the phasing out of the traditional local paper money. Remember, not all citizens are fond of technology, and if ever you want to use cryptocurrency, you'll have to have at least some knowledge about the cryptocurrency, how it works, and how to use it.

Well, if the government of each country will make the use of cryptocurrency as a mandatory method, then there will be a need for the education department to teach cryptocurrency in schools.

I also don't think that it will be a decentralized digital coin when in fact, government will take control of it, especially when the GOVERNMENT itself is the one who will create these currencies.