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Wonderful! Having gone through the link you posted which is so surprising that those perpetrators could be ignorantly allowed to breakthrough based on the Exchangers loopholes known as Back doors into millions of customers data demanding for such XRP randsome. I can though on a lighter mood agreed with you that it is the 4th generation that are mostly dangerous. But on a serious note, that is why Every holders of Bitcoin are highly warned to critically secure their wallets from these Hackers [probably with strong Pass-phrase for encryption] who uses sophisticated machines. Exchangers could implore the usefulness of Hardwares such as Ledger Nano S for instance in securing their Wallets. Holders are equally advised to withdraw their Coins back to their personal Wallets as soon as their transaction with the Exchangers are completed, unless for the Day Traders who believes and trusted the Exchanger they make use of at any point in time.
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With deep due sense of humor, anyone that does not actually wants to be A full time Bitcoinner as in Trading, Mining or staking, ICO development, Airdrop/Bounties hunting, Web site Designing, and so many others, he should ideally share from your class of thought. But if it is in the other way/angle as highlighted, it worth quiting a job that has no future security if actually you are very specialized or skillful in the various field with adequate level of experience and exposures.
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We can not rule that fact out in entirety, but there are some barriers which may hinder your proportion and render it low from being that fact but fallacy. We must initially consider these variables viz;
1. What type of Disability? Blind? Deaf? Lame? Is it the ones that can allows them to operate their systems? because if not, it does not work out.
2. Is the Disable mentally alert or upright?[Not an imbecile]
3. Is he financially equipped that can allows his participation in crowd sales or ICO investment/ participation?
4. Is the disable involved Literates enough or technologically sound on ICT.
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Based on the Bitcoin Deregulation that disallows any Government or power of any force to propound any act that can hinder the success of Bitcoin, the Virtual currency can never be altered from seeing the light of the day in everlasting centuries. Other peculiar reasons for Bitcoin life longevity are the fact that the total amount of Bitcoin to be mined over the Blockchain Technology is 21,000,000 [million], of which its just within the context of its earlier stage from 2008, the fact that it is decentralized which engenders it's peer to peer nature and it's volatility which gives room for early Adopters and new investors just at it's any bearish or Dip periods.
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Your view are clearly stated, comprehended, agreed with and should be abided for any rational Trader or Investor. But as much as this does not necessarily affect the Day Traders who are actually using a strong Exchanger and has been long existing there, also to anyone that must just have his transaction done and withdraw the balances back to his personal wallets, I still strongly feel that whenever it is involving a very huge amount of Bitcoin probably, hardwares like Ledger Nano S can be implored for storing of these coins aside prompt and instant Trading at the Exchange.
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Though you have stated some clear points about the actual time of buying, but I still feel physical market examination can also be of help, through the number of investors at that period in time. More so, how qualitative are the community behind this project are can also be verified. If it is having strong qualitative backing community, the tendency of the coin being a viable one is eminent and can be bought. I also feel the rumor surrounding the particular coin at that juncture is also crucial which may also be an aid to treat.
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Well, I have actually read your link posted and deduce that The Bank of Spain Head MADRID might brought out his illustration proving his authenticity for the reason why Bitcoin to him is of more risks than benefits, where he brought up the issue of XRP failure against the US Dollars and also DICE Token failure bla-bla, we should not forget that Banks are even seeing Bitcoin as a Rival tool which may render their services redundant, and would for ever be in support of any means that would not let the Bitcoin Dream see the light of the day.
To me, I counted this as one of the FUDs that must be averted for Bitcoin success. Okay, if Bitcoin is such Risky, why are investors increasing day in day out? Why are the new ICOs springing up consistently? Why is the Demand and Supply Elasticity of Bitcoin always in most scenario falling on Bitcoin positive sides? All these are because of the potentialities embedded in Bitcoin which are very much eminent for everyone to perceive/observe and tapped from.
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The effect of the Demand and Supply Elasticity favors the positive high values of Bitcoin because of the continuous widespread news about the Bitcoin feature being an anonymous Decentralized currency on line for goods and services transaction medium of exchange and equally as a reliable future or store of value due to its for ever long high volatility which is eminent from both history and past records.
We should also not forget that the Bitcoin overcoming the dangerous adversity of FUDs is another factor. More so, Holders perspective of trust not dumping Bitcoin anyhow to bearish periods or to Big whales, herein resulting into unlimited Bitcoin supply is highly another great factor that can never be over emphasized.
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Beautiful write ups had been discussed, all tailoring towards the bases on which Bitcoin are secured, trusted, dependable and reliable for all its's holders. May I just fairly elaborate few flaws or loopholes which could only be hindrances to why Bitcoin may not be that secured for it's holders no matter how Cryptographic it is in nature or being fully unhackable due to it's Peer to peer nature guided by it's Decentralization Ethics.
1. If the Bitcoin Holder apart from negligently, ignorantly, mistakenly or obliviously released his Private Key to another Trusted or Untrusted party, He operates his computers at public places like Hotels and Parks, this may prone His Bitcoin to insecurity.
2. If Exchangers do not implore a Highly standardized system, ie using Sophisticated Hardwares like for instance Ledger Nano S, also left these Bitcoins to Fishing nature of slippering through back doors to Hackers that now uses Advanced Machines that Traces un well protected Bitcoin Transaction on line for their attack.
3. If the use of strong Pass-phrase is also not employed for Wallets encryption where necessary, could also jeopardized Bitcoin Security.
All these are submitted out of few all other reasons which may hinder Bitcoin 100% security. Aside these enumerated, Bitcoin is just one of the safest anonymous Coin on line for confidentiality and comfortability.
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-I think It is popular. many people accept and trade in Bitcoin because It is recognized and accepted as a currency by many.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
-Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.
-Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.
-There are only 21 million bits so it has the same value as gold.
You have actually make some senses in your Presentation based on all the potentialities embedded in Bitcoin for its popularity reasons why it is having the greatest value ever. I must in addendum remind us that Bitcoin is the mother coin, which is the genesis of all other coins, so its popularity is of no equal at all. It has grown in all Economies of the world in awareness that Investors are fascinated to it with closed eyes to all other Alts or in oblivious of all these other coins. The Millionaires believes in its longevity holds for greater future benefits at its bullish. |
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Having gone through the site of that project, I observed and found some good qualities with the project. But my Guy, advise or decision here is not at all enough for you to rely upon since one may be negligently and ignorantly lead astray if you don't leap before you lap on such ideas offered.
More about your decision, may be you should try in your next deal avoid putting all your eggs in just one basket in case an inevitability occurred due to the strong volatility nature of so many coins.
More so, just have the mindset of risk along the line and never feel panic when probably the adverse downed.
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I love the way this project is positioned for participation. The whitepaper, team and every other ramification is very unique to prove their authenticity. As there are no KYC struggling, its good to go an ICO, also with no strong regulation. I shall try to put in into the project and I'm very sure this shall plum to a huge success.
But I feel, there is still need for more campaign platform in other to cover and catch more wider range of investors. If listed at good exchanges, I feel the sky shall be the limit.
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No Business can be easily done without Education in life and be successful over it. Don't you imagine what these Day Traders are going through before their deals can be carried out successfully. If they are not Technologically inclined, how can they operate computers and analyze Charts and follow the Market Trend? Hence, Education is the bed rock of everything successful in life.
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No much thing to talk about here other than to buy at Dips and sell at Bumps. I feel studying the trend of market events at daily basis can be of great help especially to Day Traders. Whenever you buy any coin during probably bearish period, you tend to be patience without panic sales of any sort until you discover the bullish period for the coins to be cashed out. Best luck.
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May I look at this from another angle? I think the cultural heritage and ethics is very paramount and needed to be considered before we can conclude whether the children should be business inclined or should be good employees. If it is in the culture where if the children are tailored in business, the children might not want to be very much serious about their further studies and might end up not been very good educationally to face other world Economic class, they should be trained as successful employee at the initial stage and business inclination at adult stage.. In essence, I feel both should be applied based on the prevalence cultural heritage and ethics of that Economy.
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Big fish can never stopped us from making or gathering and own coins as desired, because they are not just the sole Bitcoin market price controller or determinants, though they may effect big portion of it. Majorly, crypto still has a long way to go in my own opinion. We have 21,000,000 bitcoin to be mined, how many has actually been mined? We are still in the baby age. More so, even if Banks probably after been adopted tries to push out their own biggest coins, this again does not stop any individual holders or investors since the Blockchain is not going to be different.
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Your presentation meaning to me is in twp folds. What do you actually mean? is it investing into ICOs or Trading Altcoins. If former, ensure qualitative gaining the community awareness and adoption of your project with steadiness, patience, good relationship built and various motivation techniques like Airdrops before Crowd sales. But if it is the later, Your personal intense research, caution of bearing risks in mind, because of volatility, where you may buy few coins for a start, or diversify into few coins to avoid putting all eggs in one basket are some key elements aside your own trading field specialization skills.
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Not at all OP, I'm empirically not in support of your idea of selling every other Cryptos remaining that you have, it makes you A panic Trader in oblivious of his business that looses all his capital and then turn to A pauper. Once beating, twice shy. The downfall of any strong man should not be the end of his life at all. Why don't you recall and recap the causes of such loss and readjust? Did you put all eggs in one basket without diversifying? Did you bite more than what you can chew? If you understand the business, did you forget to make adequate research and consultation before buying that 2017? In any cases, try and readjust, you can still make it. Every other Traders in this field also knows the effect of volatility, yet they are sailing their boats above the sea level. My advice.
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