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I don't think KYC will be a big help because many people can steal someone else's identity if it means to earn money. Scammers can and will do everything for them to look like a legit project. And one more thing, even if a project is a legit and real one as well as its team, as long as one of a team member have this "greediness" in him/her/them. He/she/they will run away with the money and leave his/her/their team behind, betrayed.
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There should also be a advantages and disadvantages of bitcoin, although it may already be included to your lesson plan, the risks it have like scams and ponzi, how to distinguish one, the red flags and how to avoid falling for those scams.
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Stop spending money for unnecessary things and act as if the only money you have is only available for primary needs like food and other necessities even though you really have the money to buy more than that. Save as much as you can or better invest to something with a guarantee of return in order to make a profit out of it.
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Distribution of tokens are done by new projects in bounty because they don't have the funds to pay bounty hunters with stable coins. Also, they use their bounty projects to attract investors and to distribute their tokens to bounty hunters because bounty hunters can also be considered as investors because we invest our time and efforts to promote their project. If their tokens will be distributed to bounty hunters, their tokens will be used in the market by these people once it will be available and from there, the project developer will earn money.
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I'm also a graduating student and hoping to find a job before this year ends but due to pandemic, it will be hard for me to do that, and yeah, same as the OP, I'm also trying find job online but it's really hard because I can't see online jobs related to my course which is civil engineering. That's why, I'm planning to learn new things which can be done online and is very in demand now. Hope to have that time and skills right away.
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I can see the point that we should always consider the healthcare of everyone, it's a must because "Health is Wealth", but we can't also consider the fact that in order for us to be healthy, we need to eat a proper meal and not just foods that are offered by the government. Here in my country, the government gives food and assistance for many poor and middle class familiies when we're still in enhanced community quarantine and imagine that many people they have to give assistance to, that's a lot yet their assistance is still not enough for a whole month. People are still forced to go out and make money in order for them to avoid starving. Yes, health should always be considered but we can't rely to the government always, most especially those people that can't work at home like drivers, street vendors, etc..
It's a good thing that people can now go out to work, in my opinion, but we all have to be extra careful for us to be safe. Always wear a mask and always wash your hands and use alcohol. Our health now depends on ourselves, be extra careful and always follow social distancing. We have to bear with that until the day comes the vaccine will be discovered. Till that day comes, let's all be safe.
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There are lot of projects in the market and most of them have the same products and service to offer. We can't deny and stop them as long as they want to make money out of it. But it is true that most projects even the new ones comes up with the same ideas as those like old projects that have already built their names and trust in the market and this only give a lot of competition. Some projects don't really have anything useful to offer but only for them to make money and these kind of projects are those which turns out to be trash after months or years in the market. They should offer something new and innovative, useful but also affordable in the market for them to be a successful project.
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Soon more and more people will know and invest in cryptos because of this known application who would want to add cryptos as a way to purchase and that will be a great benefit for both the company and to us people who believes in cryptos. If it will be implemented for sure additional users will use that application and the company will surely benefit and earn more from that. They will also promote cryptos to their users who so not know anything about it and that will be great. I just hope it will happen soon if ever they really have the plan to do it.
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As early as possible, we should really stack up satoshis, it's a must if you really believe in the potential of bitcoin to be one of the future currencies or safe haven if you see it that way in the future. Many bitcoins are now in the hands of some investors out there and soon there will be no more bitcoins to be mined that will lead to scarcity. In this way, the price of bitcoin may skyrocket and we wouldn't want to miss that out, so let's all stack up now or we'll regret it in the future. It's not too late.
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Volatility is what makes cyptoworld exciting. It gives opportunity for new investors to invest whenever the price falls as well as to make a profit whenever price rises. Many traders are enjoying the volatility of the market to make a profit and to but more whenever they got the chance. Some people might not like to see this volatility because they are afraid that cyptos they are holding will not recover but the truth is that it only takes time for it to recover (most especially bitcoin).
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Me as a gamer would also like to earn bitcoins if ever I got the chance to do so. I love playing games and earning at the same time. If it will be available in the market, I surely grab the opportunity to do so. These gaming apps will be a great blow to everyone who loves to do the same things as I do. I would like to try some of these games most especially the Lightnight, it looks cool and exciting. I don't really play minecraft but my brother likes that game, I will try to make him play.
I think gaming apps is a cool and a great way to introduce bitcoin to people most especially to the young ones. I think game developers that also love bitcoins should do more of this apps. It would be cool.
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It has been months since the spread of corona virus and those months have been hard for all of us, not just because of our work, studies, and everything but also because of financial problems we're facing and economic loss as a whole. It is really hard to go to work for those people that needs to go to offices, studies are done online, and lot of activities are cancelled. Traveling is harder than before and even physical communication is hard. Everything is harder with this pandemic. If it will last for more months to come, it will even be harder for all of us, especially to us living in a third world country. The government would not be able to supply foods and assistance for poor familiies in more coming months that don't have any other way of living available other than those work they have that needs to get out of the house and make physical contacts and communications.
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The Philippines is a third world country and obviously, my country is not ready nor prepared for this pandemic that suddenly arises from nowhere. When it was just starting, the government did not see that this will harm thousands and millions of people across the world that is why they did not ban travel flights immediately which made positive cases in the country increase rapidly.
For the past months of quarantine, the government is giving financial aid using different sectors of the government but it still not enough to feed all starving families that were affected by the sudden lockdown. What I can say is that our government is continuously borrowing money and this will put our country in great debt. Schools are suspended, while the Department of Education is still debating whether to freeze school year while there is no vaccine or to resume classes by August. Online classes won't be effective for everyone since not everyone has access to the internet.
While employees are starting to go back to work with the implemented new normal protocols, but it is still a struggle for everyone to travel because of the lack of transportation. There is also a lot of political issues and problems we are facing even in the middle of the pandemic, even protests outside. Overall, it's not like the government has not done anything, it's just that it's not enough for everyone and there are still lacking when it comes to finding a solution for this pandemic and the economy
IMO, this pandemic would have been avoided to enter in our country if travel ban were immediately carried out the moment the spread of pandemic arises, but of course the government will not do that because of tourism and whatever reason they have that will bring growth to our country, which in fact did the opposite. Now, the government although doing or offering foods and assistance to poor and middle class families during the previous months, it is not enough for the whole month of consumption. Although some people are back to work, there are still many who can't go back to their works and don't have any other way to make a living. Hospitals seems to be a dangerous place for some people who needs medical assistance for other health problems and not because of the virus. There's still no fixed decision for this coming school year and yes, it is a big problem for some people most especially to those who don't have gadgets and internet access for the online classes they are proposing. The economy is getting worse because of this pandemic but hopefully it will take longer. I just hope vaccine will be discover sooner so we can all go back to our normal life and for our economy to hopefully recover. |
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Volatility of the market is a good thing although many don't like to see dips in whatever coin they have there most specially those short time investors, but to long term investors and holder, they see it as an opportunity to buy more bitcoin or altcoins they wanna invest. Most people especially traders, they enjoy the volatility of the market, the dips and pump we all see is like an ocean wave for them to surf and no matter what it is they face, either the dip or the pump, they are happy with it.
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Cryptocurrencies can be consider as a future currency yeah and I can say that it's getting there little by little. Although mass adaption cannot be seen that much, with the fact that there are countries introducing and implementing digital coins that is similar to bitcoin and other cryptos, I can say that it's the beggining, they can already see the potential of cryptos by adapting it, although in different form. Soon, many people will learn about that and it can be other way for them to see the potential of cryptos we have in the market (exclude those scam tokens and projects).
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There's still hope for everything. If it's really gone and you lose money buy selling it at its dump price, then I'm sorry, but if not and you're still holding on to it, then just wait and be patient. No matter what, just don't lose hope. There are still good opportunities in this cryptoworld, you can do trading and bounties. But, make sure to learn from your mistakes and don't repeat the same mistake again. You can invest but don't put your investment in one basket, and also don't invest money you can't afford to lose to avoid anxiety. Anyway, goodluck.  |
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Lot of good points there. Everything in there is really important in trading, most especially the self discipline and patience. Lot of traders ot even not in trading lack in self discipline especially if we are talking about money. It is really easy to be eaten by greed knowing that it's a human nature. This is where this discipline takes place. We need to control our emotions in wanting to gain more by trading more money which we can also lose in the end. Also, patience is a must like the OP said to have better understanding about the market to avoid doing rush decisions.
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If someone don't have any idea about trading and woild want to make money through it, a broker to trade for them is the best option they have. Some people are introducing themselves as a legit broker and it really looks so real, maybe that is the reason why people really fall for scams. Maybe most victims are new to cryptocurrency, but I myself is not that new to cryptos but I still don't have the idea how to do trading, I wanted to start too but I'm also planning for a legit broker which I think I have already found. I'll start to invest to him later this june or july. Hope that it's a legit one.
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