Yes, i had a lot of people around who say that bitcoin is not good, that bitcoin is bad, but there are also news who are against bitcoin and that bitcoin will die, but it hink these news are made just to spread FUD and someone to buy bitcoin much cheaper.
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If all this coin will be selled little by little can cause some price drop, but if only a part of coin will be selled to get more bitcoin at cheap prices, then is very possible all bitcoins to be transferred back to whale wallet.
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I also learn that in a bull run always sell your holdings if the price is higher then ever, because i didn't sell and if i sell now that coins i will lose over 45000$, so bad i lose so much money because my mistake.
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This can be a sign before a bull run but i think we need to invest with precaution because no one can guarantee that a bull will come soon, so best wait to see if is indeed a bull run or just a grow.
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I also store some of my holdings somewhere i can't access to hold for longer, and i have a part which i can send when i want if i need to buy something or if need urgent cash money.
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I don't think will happen, even if more bitcoin will be sell on market the price will not go so low, so better i wait until bitcoin will be over 10000$ and maybe then i will sell some % of it, but not before.
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This can affect at start bitcoin in some way but i think if new people will start mining and rewards of mining will be shared to other old miners from another countries then all can go normal as before, but if the price will be over 50,000$ or close to it i don't think China will ban mining.
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At that time the price was where was because not so much people start buy bitcoin again and the price drop was caused by people who sell their coins to get some money and they not wait more and hold for a grow, but now can be a good month if the price will grow.
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I think the scam can only be reduced if people will research more and more before investing on something, but this will take time, but always better inform first and only after invest if is a good project.
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I think still bitcoin, but if you want an altcoin choose Ethereum and Litecoin, i think these coins are more used then other coins and this coins can attract new people to join crypto world and after we can have mass adoption over time.
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Maybe they will ban bitcoin mining, but if the price will be over 50,000$ for 1 bitcoin will they still ban bitcoin mining? If they will ban then will be more bitcoin to mine for another miners from another countries, and bitcoin will continue work even without China miners.
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Always greed can bring loss instead of winning, even if we trade, or even if we bet or do any investements on some websites, or in a bussines, greed can make lose all money, so always better take out profit even if is small.
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You are right OP, most of people don't see the technology behind, and they think that crypto is just a way to make rich or to make huge profit, if they come only for this they should invest on something else, and not crypto.
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Binance is a good exchange and secure one, at least until now the Binance team made good job and all people can use this exchange, and also invest on BNB can be a good investments and can make some profit over time.
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Bull markets are ussually waves of green and high prices for crypto coins, and bear markets are the drop and dump for the price at a level no one maybe expect and price continue drop day by day and no one can know when the drop will stop.
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I don't think all countries are prepared for cashless, some of old population on some countries still get pension money on hand, and they buy food with cash on villages they live, will be hard to give them card and get money there without any option to cashout money from card or option to buy food with card.
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Ia right that people who buy under 4000$ and sell now can get over 1000$ profit for 1BTC but if they will hold longer maybe they will get more profit over time and this can make them more happy.
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From bear market we teach the lesson that we should sell on bull run, and not wait for more if we see a massive grow, in bear market we can buy a coin and hold for long if the price is down compared to history.
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I also use ledger nano s hardware wallet, and this is just a good wallet and never i had any problem with, just has a screen problem with one of device, but ledger support was very helpful, and they sent me a new device with no cost without need to send the device with problem to them.
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Can get a passive income with PoS coins and maybe the price will recover and can get some profit if is a good coin and team continue support it. But maybe it not worth now start staking coins at home because the cost of running equipment, always do research before invest.
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