Many of the community members from the "Collectibles" section have actually met physically and had a cup of coffee and good laughs. Then again recently a well known member scammed their fellow members as well from this niche group. So you cannot really trust anybody on the internet and real life. Or in other words, you have to know how to keep your money safe.

Bitcoin is not a religion, it is a currency and should be kept limited to that much as far as attachment to it is considered. Just like money everyone is trying to steal bitcoin's because of its added anonymity.

It is thus safer to transact online but then we do have fintech conferences where fellow crypto users might end up meeting.

Bro it's FTX, not the other way round XD

Well it does not matter if you had an account there or not. The event caused market panic and therefore a sell off which is common after any bad news. The effect of that sell off was seen on personal portfolios because all th coins being held there anyway draw their costs from the market which was crashing at that instant.

This is why I suggest people to keep the minimum amount of money in altcoins. At least bitcoin is resilient about such events with time and will hold its ground with gradually recovering over time.

I think currently the AI is being marketed a lot possibly by its owners to promote it's sale or something that has monetary benefit to its creators. We have seen bots work trades previously and you can program an AI to run a trade but what success you might get is doubtful unless you are doing a controlled study.

The correct answer to your question is that only, do a study and see for yourself. One machine to let the AI run the trading on autopilot while the other machine is run by a human for the same time on the same assets.

Only bitcoin can be trusted to be the one avoiding inflation, not any altcoin. So with that logic you should always buy Bitcoin and not altcoins. Altcoins may bring your profits over the short term but there can only be that much and not more. In the long run they are going to go down and you will suffer for your decision.

Human nature of being greedy is fed by altcoins, there is not doubt about this. But even then we have to be careful about newly launched altcoins.

Truly people are more interested in Bitcoin but fear buying it because of its large buying price to get a whole number of Bitcoin.

It is a type of an addiction and there are certain people who like to take a loan instead of directly paying from their pocket even when they have enough money on them.

It is a vicious cycle unless that person takes back control in their own hands and clears off all their debts and stop this habit. I personally have seen some people who are always doing this and they dont seem to accept it as a problem - "you should do it too" is what they say when I attempt to snap them out of it.

Then there are those people who gamble with borrowed funds, that is defenitely going to go south. Their correction is through their gambling habit, not the habit of taking a loan.

Dude, all they want is your data, they wont ask you to solve math problems to help with their kid's homework. After all they want to sell your data or some malicious intent that we should not talk about. Either way you are opening the risk. The more information about yourself that you give to strangers the more attack vectors they can prepare for you and one day you might end up in a bad situation causing you to lose money.

No number of airdrops justify what they are doing and besides you should not give away your data for something as low as a shitcoin that has no future. Invest in bitcoin and dont waste time on these shitdrops.

I am optimistic about it though, it will start from smaller stores and gradually move to bigger market places. However if some crypto project brings in more promotional ideas on spending their coin to buy grocery - then that can be another impetus to the growth of crypto locally. At present I can spend my bitcoins to buy giftcard and redeem them on a grocery app and use the wallet balance to buy my stuff, but I would like streamlined approach as we can spend fiat.

Every government will not be here forever, so have patience and optimism, good days will come but we have to remain prepared.

Sorry to hear about your story but it seems to be that you have a problem and you need treatment as soon as possible. Spending money that has been kept for medical purposes on gambling means that you have developed an addiction and you need to change this habit or your family will suffer because of it.

Lonely and gambling - I dont think there is a direct causation but it can be assumed that those who gamble are more likely to be the single folk. Not every loner is a gambler though, some are very productive, so nope.

Remember that financial troubles will not end if you gamble out the money, rather you will go deeper down into losses and thus the quicker you handle this as a problem the faster you are to recover.

As long as you manage to buy at every down trend you are the one who will be in profit in every up trend. But you also need to sell at the top to get the fiat back and then use that to buy back and thus cycle the money. Make sure you dont end up in that herd who only buys at every low and then runs out of cash to buy more. Moreover if you show your family members that you are doing this cycling and thus making money, they will get enthusiastic about bitcoin and might support you more during the dull/bear times which is an important mental cushion.

It is a good thing to care less about the news and treat these as just some numbers. But keep track of news because they might have more info about what trends can come in but dont let them guide your investment.

Those among us who have been learning how the scams operate know that all scammers attempt to use the SEO of a new buzzword to generate their views because the more views you draw from the general public, the more chances that a less informed gullible newbie will fall for that trap. We are knowledgable about such scams and thus we try to advice newbies not to go for them but very few users actually pay heed.

Besides a lot of the victims who get scammed feel for their greed and they are the ones to blame for their own losses.

Gradually you will see that the previous buzzword-driven coins are going to a stagnancy while their investors go to the slow pain zone.

Money is never the root cause of evil even if many people might be saying the same.

Evil stems from human nature and that worsens with poor economic conditions. These things are attempted to be corrected by coercion, religion and support from neighbouring countries but in reality if a country is in such a location that it's not producing anything worth export nor is it having an advantage over others, then it will suffer in the long term and so will it's people.

I still believe that even in a poor country, hope is always there for betterment and economic improvement.

It's not just your mindset which matter, we have a lot of panicky weak hands in the world majority of which are outside this forum and hence you are a one man army and besides everyone single person has their own needs and expenditure which might need selling of held assets.

Also it is not a single year that should give you confidence for a bull market, it should be everyday and it is also a long term confidence. Remember that both bear and bull markets have their seperate importance and we must see both to become a seasoned trader.

While you can hold you must also sell at the bull market and trap the profit.

Dead altcoins are not coming back, however difficult it might be a pill to swallow. Bagholders of those coins would have already exit the market and hence the rest of small cap holders will be in a loss. It is better to move on from such coins.

Newly launched coins will suffer the same fate one day which is why they need to sold at high and the trader must exit to bitcoin only portfolio.

Rest of the sudden pumps are manipulated and hence should not be touched.

No asset is trustworthy, in short.

Depends on upon what your objective is, whether to make profits in short term or in long term or just to support the project without looking at gains.

To check a project's trust worth, verify its team members and their background. Check the project's vision and evaluate whether it is feasible in real life and whether it has a market of it's own. Then see whether the concept actually solves the problem and also if its the first of its kind.

Still then you will see that good projects fail easily in the next one year and you cannot do anything about it. Altcoins are like that only.

Destroying bitcoin does not even make any sense. Controlling the bigger share of bitcoin also does not, because it is decentralized. Attempting to move the market using a large volume is possible but that does not allow a "whale" to control the price but only move it.

Laws on crypto are big way but possible that may happen in future, even then we got bigger heads on that for now and far as malware is concerned, we should be more careful about our own wallets and how we keep them safe because that is the easiest point of entry instead of the market.

It is the pump and dump groups that move more than what whales do in my opinion. But keeping all that aside, since our objective is to make profit off the market, just treat them as numbers and dont get emotionally attached to it.

The same reason why people gamble knowing fully well that gambling is a win for the casino and never the player.

The human nature to have greed run their function is common and this is why gambling industry works and also why rugpulls and shitcoins run well. I not implying that every altcoin is a scam, but most of the newly launched ones are going to be such in a couple of years or less.

Making money from altcoin and making money from bitcoin, I would always go with the second one because that carries less anxiety and less loss of sleep. As a trader you need to limit the pressure you put on yourself to stay healthy and trade.

I dont buy altcoins.

One can just avoid dabbing in altcoins completely. That way one can avoid getting scammed by these methods. Or they could learn properly how these scams operate and then use that knowledge to inform others.

Generally speaking they take advantage of the anonymous nature of crypto and they don't have the morals that legitimate humans have. So do your research but you can assume that the project will fail and you will lose your money. I still consider a loss to be a loss and not that it was money I could spare - Nope, money is never spared. I would rather invest in other asset classes.

You can get the idea from watching the website which lists the percentage of Bitcoin users holding a fixed amount against the number of wallets that hold that amount. It is available on the net for free but keep in mind that many bitcoin rich users keep more than one of wallet.

However this is just a measure and not a point to ponder over. Your target should be to accumulate bitcoin during the bear market and sell during the bill market. Don't be foolish to think that Bitcoin is dead because it is in the red and end up selling at a loss.

Currently it is recovering and now we can see prices in the 20k range once again. This was a prolonged bear market and those who have been mentally determined enough to stand through such times will emerge with profits in the next bill run.

It is important to note that bear market is the time to buy and keep the patience. The bull market is the time to sell. If you don't have the patience to keep up through these times, you will falter and lose money.

Going with the get rich quick mindset, you would lose.

The only crypto to keep track of is bitcoin. I understand that people wanted to take risks and learnt their lesson in due course too. But this should teach the newbies that going in to altcoins is not the same as going in to small cap stocks in the stock market. Here the only worthy coin is bitcoin and rest all are for short term max.

Greed is one factor another is the lack of having a whole number coin. 0.01 BTC seems like a small amount to someone who does not know the cost of 1BTC, but 10,000 Shitcoin sound like a big number even though the shitcoin is worth dust.