Projects will only generate profits if they are having a real use and solving a real problem. While bitcoin does solve a problem, most coins out there don't do anything useful, on the contrary to popular belief of shills.

The market is getting bigger in terms of number of coins but in terms of total capitalisation the biggest volumes are taken by a handful of coins.

Hence investing in new coins is a worthless effort. Rather watching them for a few years and then deciding what to do is better. But few have the patience and it is always welcome to buy Bitcoin.

  The basics should cover the fact that scammers run rampant and that paid groups or non-paid groups giving out free picks are actually scams run by such people. In fact the amount of money such scams generate is enough to give the impulse to these scammers to keep running and launching more such groups.

Therefore such groups should be completely avoided, specially those being cold -PMed on telegram or so.

If someone wants to make money from the market, they can't have a get-rich-quick mindset, they will lose money to scammers.

As soon as someone tells you that they know how to multiply your coins if you send them your current ones, cut off all communication with them. There is no method increase your coins like that and what the person wants on the other side is to catch your greed and feed it with a false promise so your logical thinking is blunted.

Remember that Bitcoin transactions are irreversible and therefore such users are always scammers, whatever flashy name they give to their method.

Being left with a worthless asset is a thing that has been happening since log back. In the physical domain, the term "white elephant" is used to denote the same.

But the point remains that the person who bought that asset did not do their proper research befor investing, so the fault is on them, not to the seller. NFTs may becom worthless tomorrow that is why they are risky assets, this needs to be understood by each one taking part in such hyips.

On the other hand those who have been tracking coins for long and investing in well known old coins make profits every other day.

The purpose is making profit from market movment and this is easily said than done. Panic and frustration are common in a speculative market and crypto is no exception.

But to handle the market as just numbers influenced by whatever damn reasons, is an art and the traders who are here for long have mastered this art of ignoring the world and trading just on the basis of charts and patterns.

Simple thing of buying low selling high is enough to make profit. Passive or active does not matter that much.

Underage does not seem appropriate here. Giving money in the hands of kids is a wrong thing to do but I guess most users are going to be of age in this sector. Kids should focus on building their career and education first to get a stable job.

Solar panels are expensive - the major concern of mining is to reduce the investment so as to maximize the ROI. You are not going to buy something that costs too much reducing the budget allocation to something else. Some miners are using it but they have much bigger farms and the number of ASICs here are making the difference.

Even then, with the huge hashpower struggles between mining pools, indie miners have very little scope to ROI. On the other hand, buying bitcoin is way easier.

I guess you meant "Critical" - it works both ways though.

Honestly, if you did critical research in a critical manner, you would realize that zero assets are worth investing in coming in altcoins. The only one making a mark is bitcoin. Of course the top 5altcoins can be given some slack, but beyond that the risk increases way more than the reward.

Besides with the number of shills working day and night to promote shitcoins, there is not end to the number of worthless coins out there. Ending up with a large number in types of coins will only hurt your long term profit, rather keep it limited to specific coins that have proven themselves in the past.

Totally forgot about this suggestion which I had supported some time back, knowing how much follow-up we get from theymos on suggestions in the past, but I was pleasantly delighted to see the change in the usernames with OP written in running threads, so I came back to check.

Hoping to see a much necessary suggestion - 2FA or something similar maybe in theymos' own cryptography skills to secure accounts - getting implemented in the near future.

Thank you ajaxtempest (original idea), theymos (Our Boss!) and PowerGlove (OP)  

Any speculative market can be a gamble. The point lies in whether you are letting it mess up your life or handling your money properly. Most people cannot do the second one and hence people around them get a negative impression about that speculative market.

While the affects the older population more, once it has happened, it is close to impossible to revert this mindset back to a non-biased state even for the younger population.

I would say, let them do as they wish. If someone does not like crypto, they would never enjoy investing in it.

I have seen all type of users take hasty decisions, big capital owner not. It all depends on their mindset, those who are trying trading for the first time with a get-rich-quick mentality will take hasty decisions but not those who have been in the market for long and know how things work here.

Financially, these things need to be learnt by traders before starting trading. The difference in a planned entry to a hurried entry comes in this place. Those who get their first coins by word of mouth from friends and internet celebs will be losing money if they continue the same.

Of course the whales do need some idiots to dump on, so this thing will continue in every speculative market.

Every day is a new day and hence we should keep a positive outlook to each day that passes and hope for the best. At the time of writing bitcoin is above 21k USD and this shows a bullish pressure has started after the dip to 18k USD.

Let us hope that the bullish period has started and the bearish period is behind us for now. But it will catch up again, because of the cyclical nature of the market movements.

This is a correction for now. Whether it will lead to a bigger bull trend, we have to wait and watch. For now, hold on to buying and watch the next movements. If you bought at the low, wait for better prices to sell.

Keeping focus on older coins that have been big and you should be good. Newly launched coins need to be observed for a long time before you can actually get in. Otherwise you will get washed by the advisors and bagholders dumping their coins on you during a bull market when shills are full of it.

100x is actually a dream number of many newbies, so dont let that blind your approach. You will make money but may not be 100x - whatever profits you get be it 2x or 3x, hold on to that and prepare for more.

Bitcoin is actually one of the good options here, altcoins are not that reliable for profits. You might see big gains that you fail to get in altcoins, but with bitcoin you are guaranteed a profit from the upcoming bull run.

Mostly holding and buying more while selling to buyback.

Things are not so cool in many countries such that they are going to allow bitcoin transactions easily. Hence for many users of this forum coming from such countries, they can only hold. Of course this leads to the habit of spending on bitcoin based casinos, but if that is kept on hold, I think a person can accumulate a good number of coins during a few years during every crash.

Hoping to see merchants accepting crypto because that would be the next big thing here.

The only experience you get from such groups is that going for lucrative looking deals and picks taken by random internet people, leads to getting scammed. Repeating the same mistake by joining another such group is the sign of not having learnt from a mistake.

In fact there are many newbies trying to do this everyday but getting fooled by the group owners but they still dont learn their lesson. This is the reason why such topics come up every week in this forum.

The best experience is often by making a mistake in dummy trading and in real life trading. It is not easy to make money in the market and nobody is going to help you here. But learning to do spot trading is easy and needs patience.

New projects that solve the problem is a utopian thinking and is never real. The coin that has solved a problem is actually the top coin in the entire crypto space, bitcoin. None of the other coins has been able to solve a real life problem but only beat around the bush. Cryptocurrency is not a silver bullet to every problem.

Newly launched altcoins are worthless if you are investing in them right at launch. Going in 90% is suicide. I hope you know what you are doing, because even we older members who have been watching altcoins for years, would never recommend it.

If it was so easy to triple your investment, there would no longer be so many poor people in this forum or elsewhere.

These are mostly IT related jobs and seeing the level of unemployment and the craze for IT jobs, if such was to continue in future and if crypto became a formidable force to reckon, I feel there will again be scarcity in the number of jobs in crypto sector because of the huge supply of unpaid workers ready to start this type of work. Also poor wages will follow because of the same reason.

The fact that people rarely go for challenging jobs that have life risks, difficult work hours is what makes those jobs well-paying and crypto will not solve those problems. For the time being, OP's post can only be called a pipe dream.

The situation would change drastically if salaries would start to be paid out in crypto.

Being cautious in investing in something is a good thing. Having less knowledge about something and hence deciding to stay away from it is a diligent step.

These steps are taken wrongly by newbie investors specially jumping into altcoins, sometimes buying bitcoin too at high prices and then moaning about losses. To prevent this, I suggest newbies to do dummy trading and read the charts before doing a real life trade.

Just knowledge is not the thing here, it is personal choice whether someone wants to invest in bitcoin or not. Also not all governments are lenient about crypto hence the future for such countries in unclear at present.

These type of question arise because one does not understand how the market works on buying and selling. A price can plummet only when the selling pressure exceeds the buying pressure and halving is irrelevant to this. Because there are people ready to buy bitcoin as soon it drops below a set point, the reversal occurs and this is shown as "correction" to the market watchers.

War and assets have already been tested, there has been a war which is ongoing and bitcoin does not seem to be correlated to its actions. Truely this war is a small scale than a world war, but instead of doing doomsday predictions which are never going to happen during our lifetime, it is better to dwell in the present and be ready to buy bitcoin.

How are you saying that new coins have more potential when they have been in the market for a couple of years if we stretch it?

On the other hand bitcoin has been here for more than a decade and it has outperformed all other coins but nobody wants to keep it full in their portfolio but are thinking that they have lost the "opportunity" with bitcoin and hence trying to gamble their money on altcoins.

Truely it seems funny that some traders can be so idiotic that they completely start ignoring bitcoin and watch as their own investment in altcoin goes haywire after buying while bitcoin is making ups and downs giving its investors monthly profits.

So if you want 100x you can risk it, but you can also go with 2x to 3x and do that 5 or 3 times respctively and get close to 10x - while still keeping your initial investment safe compared to altcoins. The choice is yours.

If people put in so much effort to research the project, there will be less investors because they will all realize the truth, that is the hiding of facts and simple ignoring of other facts by many projects. But in this world, people want easy gains and they wish for others to do the dirty work for them, hence it is easy for shills to manipulate and push these projects in the hands of the investors.'

Obviously these investors are never heard of again.

The right project to invest at any time is bitcoin, there is no doubt about this. Some altcoins maybe are worth buying but should be done with caution, mainly the top few.