Not true for every person. An old aged person trying to save their money while investing the same to make some more will always be skeptical about their money and hence be cautious about newly launched assets that their government has turned a "grey eye" to. Try to think of it from their perspective and you will understand.

I dont blame education systems but how a person takes their education. If they keep an open outlook they will be able to learn a lot more. But this does not mean that they will go for bitcoin. Rather they may stick to traditional assets. It depends on a lot of other factors.

If you keep thinking of yourself to be a victim you will not be able to progress. But there is a time to everything and it is possible you might profit a lot from your bitcoin portfolio.

School lessons if done in a two way interactive way can be possibly helpful to many students who are entering puberty or adulthood. Because these are the times one can go in to the wrong steps of gambling, drug addiction and so on.

Why just gambling, there are lot of evils one can go into and a lot of psychological problems too. These things can be countered and probably be able to save some lives in the future. So I would be happy to see such developments if done in the proper way.

Currently kids are addicted to reward seeking behavior through games on phones and social media, such things fuel the tendency to go for other methods to seek rewards, like gambling.

Rather if you did the same with bitcoin you might have had better outcomes.

However I must clarify one thing - any top coin on CMC or CG list can be a profitable coin if you get in at a low price. Possible that your buying price was much higher.

So instead of diversifying the number of assets, you should diversify the positions of the same coin. Buy the same at lower price and wait for the price to rise so you can sell.

You can also buy Bitcoin, but since your reserve money might be low at this point I would not suggest it as the first step. This can be done when you get your next salary. Please do keep an eye on charts and buy accordingly at low price, otherwise don't buy.

100$ a day is pretty difficult to make on an average market day. Spot trading might yeild the worse results on a single day but it's long term effect is good, because of the cumulative profits. The futures trading is a gamble for a few days which can lead to short term huge gains but this is based on your luck and therefore not much skills to put in.

In depth knowledge is limited in this space. There are places where you can learn but most coins don't give out information that can help you with futures trading, because most of that is insider info and majority of projects are giving only smoke and mirrors.

But the diamond here is very small or very few in number.

Truly the person investing in altcoin is to blame for their own losses. It is not that they are not advised against it on this forum. While most traders lose out some might profit but don't use this as an example.

Similar to any other speculative trading the people making money from it are way smaller than the people losing money. Here comes the realisation that majority of speculative assets are not worth putting money in if you don't have the reserves to back it up.

Bitcoin is currently having a bearish trend, does not mean that altcoins are going to go up. So people need to learn how to analyse the old charts and then be judgemental.

Nothing is difficult to learn if you have the interest in it. Mining is no different, but the real problem lies in acquiring the ASICs and running them on a place that you own and maintain. It is more of a full-time job and trust me, the hash-war is not something you want to end up getting burnt in, your entire investment in the form of buying the ASICs, the plot, equipment and manpower will be difficult to get a ROI from.

And Cloud mining is a scam, without a doubt. Dont fall for those schemes.

On the contrary, buying bitcoin or earning it through different sources, is much less of a chore. You can hold it or sell it when you wish and get the fiat money to spend or spend the bitcoin directly if your country is compliant with it.

So for investment or future profit purpose, buying/earning bitcoin is what I recommend to every newbie.

Think about it this way, there is a stock market and people are trading on it. Does that mean they are so competent that they can depend fully on it or are such people living in constant anxiety and depression while coping with increasing debts?

This should not be the case here, we all want to live in a healthy manner and for that a source of stable income, possibly a day job has its importance. Second to that one needs to allocate money to saving and spending, in the spending group decide how to much spend on investments and that is how you should manage your money.

Going all in on crypto and following it as the source of your daily bread is a risky move to make.

You see most users in crypto are not the ones who have the skill of being patient and willingness to learn, rather they want to get rich quick and hence the problem arises there. It is also correct to say that such users get cleaned off the charts very quickly on the next bull/bear cycle and are never heard of again.

I always encourage people to learn new things and hence I would always ask them to do something they love, but most may not be able to afford paid courses in e-commerce or so. Naturally most are not having the degree or the background education to pursue the same too, since not everything can be learnt online.

But learning something new may not may not improve their trading skills. So I dont understand your correlation here, rather is an anecdote.

You cannot overcome a bear market, you have to play with it to your advantage. This can be done by dividing you available liquid investable assets into positions to buy at. Then let the market move as it wants to check only when they start getting executed.

If the drop is happening too quickly, just increase th difference between consecutive trades.

These are also times one needs to isolate from the market, learn something new or spend time with friends and family. Don't let the market control your emotions.

A short question does not mean a simple question.

This is a question that goes on in every person's mind and an unpredictable one. Each of us wants to get the advantage beforehand but if that was the case we all would have become millionaires before you know it.

But you can observe the market and make some decisions to trade. Currently the market is somewhat stagnant and from here both directions are possible. You just have to wait and watch.

Futures trading is risky and should be attempted by someone who is completely new to the market. There are many users who get washed away do not ever get up from their loss. This should not happen to every newbie.

Gradual learning of how spot trading works leads to better understanding of the market. Going for futures and other gambling types of trading means taking bigger risks.

Thing is that some newbies get influenced by many fake ideas promoted by shills promoting such types of trading.

Haha, true that, with most currencies being just methods to exit scam the investors this is going to hurt the economy and make the newbies lose money before they know it.

VC will shill their projects so they can make profit and not the other way round. The losers will again invest in another similar hyped project and the cycle will repeat.

Potentially projects are almost equal to zero at this time. So better to keep bitcoin on focus and not go with any altcoin.

Government acceptance might improve the usage of the crypto but this happening in the right place and right time is having low probability. Using crypto currency will not make every person rich so this should be kept out the picture, only difference is the easy use and decentralisation.

If more companies push governments then it will become a possibility but this will happen gradually not rapidly. With the continuous negative outlook of certain groups towards crypto the path is difficult but possible to overcome.

I can somewhat agree, Gambling is more termed towards trying your luck or going for a EV- scheme. While trading needs backside research and homework to be able to place a spot trade, while leverage means more relying on luck. The boundaries between both might merge at some point but those who trade safe often know their limits.

Keeping yourself limited to spot trading means you are minimizing the amount of gambling you might be doing. That too on the long term scale would mean an even safer process.

Sport betting, Poker are something that needs skills and these have comparatively less dependency on luck. Trading can be risky too if you are going for those futures and options.

You have probably been fooled into giving money to unlock a bigger amount and you fell for the greed and sent them your money. This has nothing to do with Ethereum, but your own folly.

Sorry to hear that you was your life savings, but I hope you learnt your lesson and you should also post in the "Scam Accusations" section of this forum about this site so other users who are diligent enough to first check will get a headstart through search engines.

Ethereum is only the medium of transaction, not the scammer. Just like fiat money is the mode of transaction in real life scams. Does that mean fiat money is at fault here?

You will get scammed again, if you try this. Many scammers are going to appear as hacker or hunters and fool you again. I am sure you have already got some shady PMs on this forum after making this post, referring to the same.

Be careful in this sector if you are new to it.

Sell the device which you are using to post in this forum. You will probably get more than 100$ and you will be free from the headache of paying back.

Without a collateral and considering your trust rating, only a fool will consider handing you any amount of money.

The bear market need to be handled with care. Only buy when you feel the bottom has been reached and don't spend all of the budget right away. It is difficult to get this assessment correctly. While even lower drops are possible, don't be disheartened and continue to watch the market. All these things are a type of learning experience for many traders. It helps when you have backup stock market experience but even if someone does not, they can still learn to keep their cool.

The minimum skills needed here is patience which is lacking in maximum people. Also don't expect huge movments in short periods of time.

I can understand the sentiment of some of the older XRP holders because they like to remain in a  status quo. While it is true that it is no doubt a "good" currency, the status of what good is defined by needs more critical thinking.

We have decentralised coins which is the heart of what bitcoin stands for. Then we have centralized coins of which XRP is a pioneer of, controlled in the similar way a bank works.

My advise to the OP is to learn about centralisation first and do some research on the same before investing. My opinion is not to look for potential but see long term profitable outcomes and freedom from control.

Seems like a fairy tale to me, but truly if some tech company is able to develop a proper metaverse, people will drown in that beyond what social media. While investing in such a new project seems like a lucrative step, it is still in the space of evaluation and speculation.

Even 50$ would sound like a joke of such a thing becomes big. A lot of speculation at this point.

But what good it will do to bitcoin or in the general crypto ecosystem based on its impact is still questionable.

Users are free to do whatever bounties they wish for but we the older members of the forum have seen our juniors suffer because of such bounties which ghost its participants and the manager, refuse to pay out the coins or just abandon the project while the participants end up having done a trash load of work for literally nothing.

While the same participant is probably not in a position to apply for signature campaigns, hence they end up taking part in many bounty campaigns, most of dont pay but this ends up being a vicious cycle because while participating in a hundred bounties they get very little time or effort to put in to developing skills in posting and earning merits to be able to rank up and join the prestigious signature campaigns.

Hence I dont give this suggestion to newbies.