Yes the crypto world does have a lot of room for possibilities however I dont think it will reach $50k by the end of this year. The charts trend now are downtrending and I dont see it increasing to that amount yet. But I do hope these experts are sayong the truth too because if they are then a lot of people would be happy when Christmas day comes.

True and bitcoin will recover slowly. Hopefully the uplifting of the ban of crypto ads on facebook would be a major change to the crypto world. For it will cause a big impact to those people who are interested and just got in with trading too.

It really depends because there was a time when when bitcoin increases, most of the altcoins increases too. So there is no assuran e if bitcoin does spikes up, smaller valued altcoins go down too.

Its a case to case basis because not all stupid are poor and not all poor people are stupid either. Bit if you are stupid enough not to think about your future then maybe it will lead you to poverty, just like gambling all of your coins in trading and putting them in just one coin. It could either make you or break you because that single coin you have invested does not have an assurance if it will go up or down.

Thats great news and I was even planning to go to South Korea next year, I giess its time for me to save up and hopefully I could use some of my altcoins when I get there. And hopefully more Asian countries do adapt and accept cryptocurrencies in the near future.

Its a healthy competition between bitcoin and altcoin because without altcoins too, bitcoin wouldn’t stay on top. They play a big role in the market and a lot of people have invested in altcoins too so it as important as bitcoin is depending on its roadmap and its usage.

You can say it in a way it is manipulated because there are some individuals or group of individuals who have invested a lot on a certain coin and if they pull everything out, its a big deal if everything went down as well then people begin to panic. And with regards to the exchange sites that closes, that happens if the site cant handle the number of transactions and of course it could cause the delay of the transactions thats why some have to close them for the meantime.

If tou cant choose between ethereum and bitcoin then you can just choose both. For trading or investing, that really depends on you and the market status, if you dont feel confident about the market today then just invest but if you want to take risks then go for trading but make sure you have knowledge in trading. Then buying and selling would have to take place if you have decided to trade.

Depends on how you think of being rich is because there are some people who thinks if they have a lot of money then that certain person is rich. There are also some type of individuals who have enough money to get by everyday and does not have that much money but have lots of friends and have their family bu their side thinks they are rich too. So it really just depends on how you see as being rich is, it is not just about money or any material things you see.

Although you told your uncle about bitcoin investment is the better option you also could have told him it is risky compared to bank investment. Most especially now that the market is unstable, and the amount your uncle gave you is a huge amount of cash to invest not unless you are willing to lose everything because that is the number one rule when investing; only invest in an amount you are willing to lose.

As most traders here would say, never spend something in trading wherein you cant afford to loose. And since the price of bitcoin now has been stable at around $6k+, I think it would be better to hold on to your coins for a much longer time because the increase is not happening that soon yet.

It is true most people are not using their Bitcoins and most probably it is because in their country thry simply can not use it yet. But I think there are some who would exchange their bitcoins and altcoins to their own fiat money to pay their bills. It may not be directly from cryptocurrency to merchants but at least its on the same path. It would just be a matter of time until some merchants would accept cryptocurrencies then all would be able to use their coins accordingly.

I agree, and I dont think it was created for that purpose too. And it is hard to replace the US Dollars because it had established long ago already, bitcoin is still new and is still striving for its reputation and price.

As far as I know, older people like to invest in gold because these precious metals are worth something and they are used to owning these precious metal and when they need money instantly or if there is an emergency, it is easy for them to pawn it and so they think it is really a good investment, just like bitcoin and other cryptocurrencies now wherein you hold them but if ever you really need the money for emergency cases you can easily convert them and withdraw them.

There are some altcoins which I had greater profits like XRP last year, it tripled the amount I invest it in and there ade also some altcoins which only has lesser profits and no profits at all until now. I think a lot of people want to invest in altcoins probably because there is still a lot of room for growth and greater profits for long term.

It really dependa on you if you want to sell your altcoins are buy them back. But I think it is still the same thing though, you sell them and your on loss so when you buy them back; of course you expect to buy them at a very cheap price and sell them back again when it increases but the question is until when will you hold them again before it increases? What if it wont increase back, will you sell them again and buy them back?

I think its just too much of a speculation if bitcoin would be the national currency of the country United States. It would be useful if it is just tagged or named as it is right now.

Yes I think bitcoin will rise beyond $20k in the future but we cant tell when that will happen. Not sure about bitcoin stabilizing around that amount too but I hope it would go beyond $10k or around that amount perhaps.

Yes last year when I bought Ripple, I just read its roadmap and think it was a great coin so I bought a couple of Ripple coins and to my surprise it pumped even before I was done reading what this coin has to offer. It was one of my best experience in trading because it felt so rewarding doing my own thing and not relying on what others have to say.

Thise are actually marketing strategies to benefit from or merely tactics so people would be drawn to the fuds they are creating. A lot of people read what everyone has to say, most especially whennyou announce it that bitcoin might drop back to a $1k.