The decision of buying a memecoin is the trader's and they have to face the consequences of that, even though it is possible that a memecoin may become hugely hyped in future it is common to see such coins eventually go down and become close to nothing with developers having abandoned it gradually but completely.

Bitcoin is much easier to get into and even though its single unit can be divided into satoshis, people want to go for the altcoins which are recently launched and have been running on media hype. Once the hype slows down the coin crashes and then sob stories start coming up everywhere.

Most people know that valuation of 1BTC is always 1BTC but they easily forget this and the fact that one day the cycle will start to reverse. For them the immediate value in fiat is of more importance. This is the reason why most people find trading a speculative asset.

Even then there will be a niche of users who are regularly trading and these people are the ones making the big profits with every good/bad news. Holding and having patience works a great deal in such times. Lack of patience leads to losses.

Sadly most of the people getting into crypto lack patience and thus the crashes that happen with weak hands selling.

Having to close down your own store is both economically and psychologically distressing, I hope for the best in the upcoming years.

I would suggest you to get into some alternate jobs for a short period, if feasible. Delivery services are very common nowadays and common youth are getting into it along with older people just so they can run a living. When times get tough, you have to turn tough too to cope up with it.

Bitcoin and investments in crypto will see a downtrend, this should be a lesson to not invest in altcoins but keep the maximum in bitcoin only.

Preventing a hack is not in our hands, but saving our money from getting into hackers palms is possible if we dont use the exchange hot wallets as storage wallets. Unfortunately this is done by many and they have not learnt lessons from previous hacks.

But I still dont see how some other person lending their money to victims means there is hope for the victims. They will most likely be roped into some loan scheme by this person and eventually they will regret that too. Remember that MLM victims often got double scammed by strangers posing as money recovery agents.

The only hope that victims should have is if they had savings and not some random person donating money. This is the importance of savings parallel to investments.

MLM is commonly run across Asian countries considering the economic condition of such countries. Also because low wage earning people often make use of referral networks, these scams commonly progress among communities.

Truth is that MLM will fail in the long run, but when exactly they run away is difficult to predict. For now both stock markets and crypto markets will be running well and you can keep buying from them instead of going for such high risk investments.

End of the day, making quick money is a scam. Crypto itself takes a lot of patience to trade and profit.

Putting money or rather the better term is storing money on exchanges. There is always some people who will keep doing this and the people who do such things are not visiting this forum regularly.

Being greedy is common but bad luck can hit and exchanges getting hacked is pretty common.  We have to reduce the amount of money kept there for regular transaction as much as possible.

Offline wallets are always safer as compared to online wallets.

I dont see how the term destruction is coming in here. Crypto is an idea and ideas are not destructible.

What could in a remote situation happen is stopping the use of crypto, in true sense which would mean a pause of crypto but not complete removal. An exchange getting hacked is nothing to the older users like me, I take precautions to prevent this.

MtGox never managed to teach the users a lesson as it seems.

Patience is a virtue that we all must have. Of course being patient about the bad times help but learning from the mistake is also important.

Very optimistic but let me remind you that there is 2023 in between and that can be a different scenario if you are not careful enough.

Bitcoin price has hit a low after a long time and so buying pressure is present at this level which seems to correct the selling pressure. Prices can dip down towards the end of this year too or rise, difficult to predict at this stage. So keep your objectives in short span, dont think 2years ahead right now.

Most of the altcoins will not be worth it though. So try to avoid them and any celebrity who tries to promote them. We all have seen how those coins end.

You really think these signals groups are run by legitimate people? Think again.

If it was easy to pump and dump a coin everyone would be doing that and making loads of money off the market. In reality these groups only give signals of coins they own so that on a pump signal, followers will start panic buying and they can make the money off them. It is a nice method to "scam" the followers, without leaving a trace and without being punished for.

Of course regulations are a long way from here, we dont know if they will change the market manipulation or just add in how to tax crypto users.

Dont be in the illusion that bitcoin makes stocks look inferior, the number of stock market investors is way bigger than the number of cryptocurrency investors, but there is also a significant group who are into both.

Stocks cannot be used as a currency, true, but investors are rarely interested in the currency part of bitcoin - they only want to make money and leave. Hence that function is mostly for common people investors or non-investors.

Stocks give you dividends too, which is not present in bitcoin and the major cryptocurrencies.

So you see both have their pros and cons and none is superior than the other. Invest in whichever you find yourself comfortable in.

I think the xUSD in terms of BTC came in the view when bitcoin price started rising and this helps fix the amount of bitcoin bought to pay the campaign participants in terms of USD than BTC, it is of course more feasible for the company running the campaign. Imagine having a fixed rate of 0.01 BTC at a time when bitcoin is 10k USD and then bitcoin jumps to 60k USD and you still have to pay your participants 0.01 BTC while the work they are doing is comparable to 100$/week.

The relation that we are seeing with inflation is a coincidence in my opinion.

One stake represents your share of the total bounty pool. So more stakes mean more rewards but be aware that the bounty pool might also be a large number and once the bounty ends, the total stakes you collected divided by the total stakes distributed in all is the fraction which you receive from the bounty pool. There are usually limitations as per your rank on how many stakes you can collect and the number of activities you could perform.

Since you are preparing for a bounty, this is the better economic method compared to the fixed rewards method.

Compulsive gambling is what shows that the person is becoming an addict. At the same time that person might attempt to hide money and details of transactions in order to cover up the gambling effects.

The dopamine rush that happens with addicts makes them gamble more and more, the only way to reduce this is to focus on things that they find pleasurable other than gambling.

It is not possible for every gambling addict to recover within a short span, it takes time, relapse is possible but quitting is possible. Family support goes a long way to cope with the problem.

Gambling is a problem for many and the more quickly they realise this the better. The reason why such problems persist is because of the endless cycle or loss and chase after loss. Those who have a background of mental disorder or substance use will get addicted to gambling and that problem will exacerbate.

Then there are people who will make sure they play only at times and not bet more than what they can afford. These are th people who manage to have the fun or gambling but not turn them to an addiction, but this rare which is why the industry of gambling flourishes.

It is a tough problem/disease to handle on your own. So one should seek help and be ready to accept that they may be in trouble.

I would say that signature campaigns on this forum have been going on in a steady rate paying in Bitcoin. But freelancing on Bitcoin would be the next "job" on Bitcoin while getting monthly salary on Bitcoin is rare.

This from your point of view might be a type of bias but still there needs to be more jobs of Bitcoin, the number is still low.

Financially you cannot be independent so easily. Your job is there because someone is employing you and you are dependent on them. How you manage your money is the important thing.

The project owners already have their roadmap in front of them which will never get revealed to their investors. The main scams that happen, happen in the form of abandonment of the project or simply vanishing into thin air. The way this is done, is by making sure the investors remain in the dark while the money is collected by the abstract in th whitepaper, while the team remains anonymous.

If you think whitepaper will tell you about a scam, you are mistaken. Even then a well established whitepaper and a legit team can fail.

You cannot trust celebrities about their comments on cryptocurrencies, they use their power and influence to manipulate the market as we have seen clearly in the past. Here DOGE might get an uptick from Musk's promotions if that actually happens via any social media platform. If you see that happening, dont waste time but sell your stash of DOGE or at least a part of it. That is the euphoria time and you would have to take advantage of the public emotion there. When the prices crash again you buy back your share of DOGE from it and then recycle this with Musk's comments every often.

Remember that these pumps will not last long, so you have to be quick and you have to liquidate to a more acceptable currency like fiat or bitcoin gradually.

It is a matter of patience here, trading is something that needs a lot of patience and faith in the asset you are putting money in. Of course developments are happening in Bitcoin Core, but the common people and even the regular traders are not much interested in that but the prices, apart from a handful of traders who actually keep track of developments.

If your idea of "development" is a price rise, then you are mistaking market movement with technical development. These are two different things.

But that is three years from now, I expect the prices to rise after the year end right away back to 20k at least. This would be a long time to predict for because the highs and lows in bitcoin actually come in at much smaller intervals - probably six months or so.

I would suggest people to have some backup earning method in place even after having a full day job. The current situation of the economy many people may face joblessness where in the backup ends up being a lifesaver.

Cryptocurrency investment is an investment in the first place and so cannot be considered as a backup but a side hustle at the most. I am sure the OP is not one of the bigger pro traders out there, otherwise they would not be asking this question.

Therefore the chance of losing money is very high if done in the wrong manner. Better to look for more "physical" jobs than bitcoin investment.

Coins that have been recently launched and not having a social media activity does come as a red flag. This is not bitcoin where almost everyone knows about it on crypto but a new project that needs to become popular in some time.

A sudden change in activity does show that the development may have slowed down or ther may have been other problems in their office.

There are projects that may be more active on a specific social network and not all, so keep that in mind as well, like telegram is very common.