A new crypto currency can only be groundbreaking if they solve a real life problem and have a good market making capability. Most of the shitcoins don't solve a problem but stack up on existing list of shit coins as just another coin fuled by the hype and craze of the market. You would be safer with bitcoin because it actually solved a problem than any altcoin.

Of course we might get more coins that are actually useful but this is still a waiting game and the niche market here gets much less recognition from the mainstream media than what is necessary to grab investors into paying for it. For now bitcoin is the only coin that meets these points.

An addicted gambler will not be having a single second thought if their country bans bitcoin or gambling they will go for a different route to access their site and gamble again. These are just things to write and eye wash in front of the population if done but it does not stop gambling at all. That can happen only if the gambler decides to stop gambling themselves.

These are hazardous, no doubt, but the confidence of a gambler is difficult to control.

The question of trading bitcoin comes only after you have an established base of money to bear your bare necessities and doing surplus on top of that. I see the future of Bitcoin trading having a prosperous aspect but the basic needs come first.

However bitcoin does not solve a poverty problem with this. It can help people make money but that money comes from existing money and not out of thin air. There are many who are in this thought process and hence assume that Bitcoin will solve their problems, it's not the case. Rather those who are in stable economic conditions need to segregate their assets in such a way that money can saved for trading to make money. However this is all words and not practical unless you have the capital at hand.

Enthusiastic people should at first try to improve their own conditions first but then grow it with time and gradually collect bitcoin and increase their stash.

The term "friendly" and "legal" are much different, though being used synonymously here because of the common people's approach.

Asian countries have been opposing crypto for much time now. Comparatively Americana and European countries have been lax. I think the wikipedia article on bitcoin legality gives the best idea till date, but we are lacking in country-specific data from the crypto communities in those countries. Also the number of Bitcoin ATMs in a country show the West>East government-acceptance of crypto to be much higher.

Maybe OP could run a survey on the different local boards in this forum to gather this data and publish it.

The break even price becomes the point of preparation to sell. Once that is crossed, the traders usually start selling after seeing a maximum possible profit in a bull market. However at the price, only those who bought at 25k USD or lower are the ones who will sell.

Those who bought at the higher prices than this will be holding patiently. This patience is what makes the difference between traders. Seeing others book profits and exit should encourage others to keep this patience because that will help them buy at much low prices and then sell at very high prices.

Obviously the green market attracts a lot of new traders, but this is the time to sell and not buy, hence again patience comes into the play.

Dont think that is a good option for anybody and the term "passive income" has been hyped a lot along with people who accept it as a good method to make money because of the term being an oxymoron - you cannot earn if you are passive. Consider the fixed deposit schemes of banks, yes that is a safer method than crypto based investments.

Crazy high amounts of income indicate that something fishy is going on, not that the project is super profitable or doing something revolutionary, that is what bitcoin has done.

What I observed from yield farming is that the long term proposition is not good, you carry a large risk than reward and hence I dont recommend it.

Most of these cases I feel personally are overhyped and sold to newbies wanting something to see in the market. In reality, whales stay off the rader knowing the volume of their money and attempting to keep it safe from prying eyes. No whale would be that foolish to go around sending "free signals" to groups that could be followed by small fries. In the name of whales, its only scammers trying their luck.

But these groups have huge followership and are rampant on social media. First timers often make the mistake of trying them and lose money.

I also bought back in three digit price below 400USD and have not sold those coins at all. I hope higher prices are reached by ETH in future and then we can decide how to proceed. But in any case the price will remain high and bull trends will be next to bitcoin.

But buying as much as we can - is a all-in method and is not recommended for a rational trader. That lowers your diversification and a single shot down trend would bring down all your portfolio. Hence I suggest people to keep ETH in their folio but only a part in it. It is a popular gambling fallacy to go all in and it is a sure shot loss, dont follow them but balance it out.

I have seen people enter crypto with questions like which coin is the next 100x or which coin will always be profitable but deterring from bitcoin or from long term holding. If you are going to avoid the holy grail of crypto and also not have the patience to hold long, that person should not hope for good returns, instead they are looking for a get-rich-quick scam.

Not everyone needs to preach it, just be a one-man army and run your trades as you want them to. Unless people learn from mistakes, they would not learn at all in this sector. Let them lose money and then see how humble they become if they chose to trade again.

Maintaining an Excel sheet for buying points help keep track of those numbers at a glance and then you can plan your selling points without doing too much calculation. Buying low and selling high seeme easy but the tough part is keeping this data and keeping patience in between the cycles in order to keep the profit margins maximized. Exit your positions at a good profit but don't expect profits to come in everyday.

In any type of trading other than spot trading the trader has to take a chance and thus the risk is higher. If you are up for gambling with your money, go for it. But remember that most of the newbie traders get trapped in it unable to make it out.

Almost all these questions get ticked if you put bitcoin in front. It solves the problems that fiat currency has and is not paralleled by any other coin. So the ideal coin we all need is Bitcoin and not any shitcoin. This idea should put aside all questions about whether a certain altcoin is worthy of buying and adding to the portfolio.

I would choose the altcoins on the basis of how they have done a change in th economic system and whether they are developing further. If their team is passionate about the project then it will do good. Only a few altcoins actually go by this so your options are limited.

The project idea of sells then the project will do good, this is a known fact. But most of the newly launched coins don't solve any existing problem rather load up the cesspool of shitcoins with more. Hence you can go by that idea and you will realise that most coins are worthless and thus stop yourself from investing into them. There can be an occasional good apple but that will not get the deserved attention because of the noise made by other coins.

This and working on the team members background yeilds a lot of insight on how the project might progress. I always tell people to give at least a couple of years if unsure about investing and then watch them before buying in.

Children should be sensitized about internet and its bad sides, how cybercrime is increasing in frequency and how it can be mitigated by some simple yet overlooked steps. Eventually they will come across bitcoin and when they do they should be taught about it with an unbiased mind towards bitcoin and altcoins. The process of creating a wallet, methods of buying and selling and how money is made from trading should be clear to them.

But we should not force these things on a child. If they are not showing interest, dont push it. Let them discover things on their own. Introduce this topic again in future when they are in a better mood, but never force feed it - that is where the seniors have to keep their patience.

The human nature to take risks. That is the only reason why lotteries, HYIPs, Chit-funds and altcoins exist in the first place, similar things have been in circulation since a long time. Those who invest are trading the risk for the reward and hence the craze and thus the scams.

But I consider the top altcoins to be of some use specially when the bitcoin networks becomes too congested and difficult to push a transaction through without paying hefty fees.

Beyond that I am enthusiastic more about bitcoin than altcoins. But if I do invest, it will be among the top five.

Its not really the case. We have many altcoin bagholders who are hopeful that their bags will inflate in price during every bitcoin bullish trend but the altcoins themselves are inherently poor in terms of their development, use case and market making. Hence the bitcoin bullishness which should act like an ignition switch for them does not and hence their long term value is nil.

Many of the investors here have been into altcoins for many years and they all agree that it is for the short term only and quick exit at a small profit is sigh of relief.

Which is an easy and safe way to navigate the market, but humans have the nature of taking risk because its "tasty" for them to and therefore they will go with more risky options, which include gambling with their money, going with the less known pumping and dumping altcoins. Eventually they will get burnt and then become disciplined to focus on the top few coins.

This comes with experience and the questions pertaining to them also are symbols that the OP might be naive but willing to learn. A safer method to play with the risky altcoins is to do it all on paper and see for yourself how much they are easy to lose money in.

The bitcoin ATMs seem to be accumulated in some specific countries as per the coinatmrader website and I guess that follows the local government rules and regulations. I would like to see them come to more countries but I guess this will follow the same order as western companies did gradually moving to eastern countries.

I do feel encouraged to see such news come up, hopeful that in future I can at least wake up to see a bitcoin ATM in my neighborhood grocery store and people use that regularly without law enforcement breathing down their necks.

Good or bad, this instills hope for such a future and criticism and finer points being kept aside, I hope this project goes ahead and makes a name for itself.

Favourable news drove this price, in my opinion. The UK crypto regulation news or the Bitcoin ETF news either can be the cause.

A trader should treat these as just numbers and not try to delineate the cause because the end result does not change their approach nor their profit. But one should keep track of the news nonetheless.

But it is too early to call this a pump. It might be a bullish trend, but give it more time to see whether its a temporary rise or a bull market back to 70k USD.

Bitcoin is a currency and that is the only similarity with forex. Many people will do forex to make money and people use fiat or altcoins to exchange and trade bitcoin for the same purpose.

Going for both is something that also never recommend. Mastering one is a lifetime process and you can only do one for profits. I think speculative trading should be limited in the number of type in assets. The long term investments can be multiple but short term things should be limited.

Trade bitcoin, don't do altcoins too much and don't go for more risky methods.

Most altcoins are not, if you manage to buy at very low there is no trust in them that the future would be good for them. There are many people suffering from this same faith-loss cycle and people should start becoming aware about that. The more you try to focus on altcoins the more losses you will undertake. The major profit is from bitcoin no doubt. So go with the top 10 altcoins if you are feeling risky.

Short term tokens are worthless or you have to be on top of them everyday which is practically not possible for most of us.