Every lender wants the loans to be secured by collateral. But in reality very few actually manage to gather a collateral. The major reasons behind loans being trading and gambling most of them get dispensed with only trust between the parties. This system can sustain only if the borrower takes responsibility of their loans and pays back with interest in time however hard it might be for them.

Most lenders are willing to accommodate by extending the time period or taking the payment in installments and so on. But ghosting right after a loan is dispensed is a bad omen.

I strongly disagree with this.

A borrower may take many loans as they wish before they decide to scam the lender on one final loan. The previous loans are often done to build trust in the community and this behavior is often found in the anonymous forums. One might argue that the borrower is a gambler and pays back as they win some from the win and rest from their salary, but from the perspective of the lender, they are nothing but a default.

Like like 99% of defaulted loans, this one is not coming back.

What yogg did in the collectibles section is a proof that you are responsible for your own money and how you deal with people on the internet.

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Looking at the older charts one can easily derive the fact that is bitcoin and the top ten altcoins are the only ones to look out for. The rest of them are just there to populate the charts and never actually shown a break even for their biggest investors. Newbies would be willing to try out these coins that are down in the dumps but making a lot of buzz on social media but dont forget that shills always shill most about coins which they worry the most.

As an investment, the top 10 coins are the maximum you need to traverse. Forget about the rest and your difference in profit will be meager.

It's stuck at 30k now but this bullish move is being directed to the renewed interest in ETF and if that is the case, I hope it does not die out like what happened a few years back. The biggest factor pushing the price upward would be some big corporation mentioning it but that are cunning not to reval such facts but work in the shadows accumulating bitcoin unlike us.

What we can do is cash some profit if someone bought at the lows of this year. But if not bought previously then just wait it out before the next bull run. Obviously the bull run works if you have money at hand. Buying at the 11th hour is a bad choice.

I still dont see how bitcoin reduces poverty like a silver bullet (Hint: Because it is not). Bitcoin is a currency and a payment method that can only be used if you already own it or received if someone else owns it and sends to you. Same people may be lacking any fiat at hand, does not mean they will magically have bitcoin at hand. On the other hand, it does make sending the money easier, which I agree.

Of course if you are a Nigerian price trying to scam using bitcoin, then its a different question - devilishly, you will get rich from tricking people. But that does not solve a poverty problem.

Fiat will exist as long as people exist because the entire economic system is hardwired to it. Crypto is till now an alternative, maybe in future new things will come in play and the use of both will get balanced.

OP got trashed by many of the members here, I some what feel sorry for them.

I can see the mindset problem that many work-frustrated middle to lower class people face when dealing with their problems over years, that turns to hatred towards the upper class fueled my anger and being miserable. Nobody seems to acknowledge that they were not born rich but had to reach that position with hard work, some wrongdoings and a lot of determination. Something that might motivate others to see a ray of hope in a dull world.

At the same time such people are also the socially inert and not willing to change their old habits to adapt to the new such that they might get an edge over others - being flexible. I see the bigger problem is with the people who keep complaining because their vision is narrowed down.

Ethereum price might be lower but its supply is also infinite with a yearly cap. It might be good in the short term which is the case but not so in long term. For long term bitcoin with a limited total supply is better to flex your holding in front of a no-coiner. I do think they have any intention of changing this so profit while you can but keep only a limited part of your folio to ethereum.

For growth both have been performing well. Development wise it seems as though ethereum goes through a stall phase at times but truly bitcoin has covered most of the problems that fiat could not, so why bother?

Few rules I found useful while traversing the world of cryptocurrency and its associated mental stress, is that never take the words of some celebrity or a millionaire for granted thinking that you would get rich. Let them do what they wish to do, you have to do something that is opposite of what they are doing to be able to take advantage of the market.

For example, when they bought doge and started shilling it, you should be selling your doge to profit. When they are buying twitter, sell your shares if you have any.

In either case, you would not always have the upper hand of owning the asset before they make their move, in which case just relax and stop following them. You would lose nothing.

That sounds more like the ones trying to sell themselves. Most successful bitcoin investors dont show themselves but keep investing and leading a quiet life amidst the hustle and bustle of the community. The ones who might come out to boast will have some motive for doing so, be careful of that - either they have a product to sell or some book their wrote recently.

Its a general idea. Most users here know this but dont know the implication of it. Keeping a wallet secure is the first thing a bitcoin user must do before buying any coins. Knowing how the speculative market works and how to cope with the cycles in the next.

People can do anything when the greed hits them and thus staying safe on the internet needs a lot of practice and maturity. Dealing with strangers should be done in public places with backup people nearby, or should not be done at all.

Many users of this forum have dealt in public and have got to known each other well. But there will always be bad eggs here and there and you cant depend on your luck to save you everytime.

On the internet, assume nobody to be your friend. Be discreet about your money and you should be safe.

Thank you for this opportunity, I have completed the survey and wish to invite @Heisenberg_Hunter to take part in this survey. Lets hope he agrees.

Emergency funds are those that would keep you afloat during a crisis period. Use them cautiously. On the other hand the inflation may not end so easily so you might have to do both of selling assets and using the funds. You might be a better judge of the situation yourself but talking to your local community members might do you good, after all most of us come from a similar society structure and with similar income tabs.

We can only hold it out and cope with the increasing cost of stuff. Cut down on things that you don't need, though I guess you already did some of that.

Despite the price bitcoin is bought only because the long term selling price may be good and the profit would be high. The main reason is the long past charts of Bitcoin that show big changes from low price to high price and cycles that happen.

However 100k is a price that practically has not appearer in the market yet but we will have takers at that price - consider if the price remains static at that then this would be common.

Always fractional buying is possible because a Bitcoin is divisible upto 8 decimal spaces. Don't let the price on 1 whole bitcoin intimdate you.

I doubt anyone who calls themselves a whale and then sends out big picks. No body can confirm a whale in true sense and real whales rarely make themselves publicly known. The ones who appear like that I feel are fake and more of a cheater trying to fool noobs. While a big whale and the or movement is difficult to predict, we can simply follow the long term strategy and wait it out.

So in short if you are getting whale named signals, assume them to be false.

Most of the buzz appears when the price is rising. Therefore the forum sees more sign-ups and more visitors. Those with a background of speculative trading know that the time to buy is the bear market and the time to sell is the bull market. But for a first timer, I guess this much developed thinking does not occur in the first time. They just buy while the price is rising and eventually get stuck. Though we can't do anything after the mistake is made, we can teach people to avoid such FOMO/Panic buying while a bull market runs.

The time to buy at a discounted price is the best market. This will be understood by newbies once they experience the market cycles in front of them.

It will take time and because altcoins run on hype and not actually good development the coins that have been there have remained down in the dumps for years. In the bull market almost every coin shows a rise in price but they equally drop when the bear market starts. The lack of faith and community backing of altcoins is big and they can only do this much for now, so better not to think about them but buy the ones that you find useful for future and buy them in small amounts when the price is low and accept that it is a loss.

Then go to sleep and let them rise in price as time corsses.

The team members and their background checks are essential when researching a project. The team often falls out which can be a bad omen on most cases and thus never take the initial team list and final and accept that they will leave when their bags inflate with price and you will have to handle that or get out at the same time.

Next would be going to LinkedIn and attempting to talk to the advisory board about their opinions. They may know about the project and only talk positive which is normal, because of vested interests. While some others may never have heard of it, which means that the site is scam and put up those names just to appear legitimate.

Stock images used and copied white papers are red flags. Still no method is full proof, your luck is a factor here.

Trading from an amateur or professional standpoint is not a guaranteed profit every month but the salary is and hence I never recommend trading as the first line of money making but a stable job to give you mental peace while you take the risky moves with trading. You might get sudden profits or losses on trading and the stable income or the job will cushion those losses.

Family expenses will come daily and this trading cannot cover those everyday but your job will help it.

Humans like to believe in supernatural ways of winning defying the math involved and thus their greed and the addictive buying of lottery tickets as seen with many people.

I think if we can keep the taxation issue aside and be completely selfish - then buying a lottery ticket in enough number to be able to get the winning ticket is a loss in total. We are interested on our own gains instead of taxation, so if that itself is a loss, why buy the ticket at all? a chance of less than 0.0001% is practically equal to no chance at all - this should go in straight in everyone's brains.

It means a votebank is there to appease and raise votes and sustain the same governance over years to come and that the middle class would suffer from it.

Majority of democratic countries run like this, they identify minority groups, poor and less educated populations living in their own superstitions. This leads to the following groups not improving themselves but instead spending their votes on a shit governance that cannot be toppled at all and further worsening of their conditions.

This is how minority politics work, the poor remain poor while the rich remain rich, the middle class always suffers. Thus economic struggle continues as it started.