Well obviously people are not going to complain when the price skyrockets, when that happens everyone is happy since everyone is earning money and it seems as if bitcoin is unstoppable but when the bubble pops then that is when the real problems begin, and that is why we get all of those threads of people that are not happy that now they're losing money.

The reason I am doubtful of that is because if I were the one losing that amount of money I will be pretty mad for what happened and I am not so sure that I will trust another coin in the market, after all if the best coin was unable to give me any profits and instead give me a lot of losses what do you think it is going to happen if you invest in any of the remaining coins.

We all make mistakes that is an inevitable part of life and it is never nice to have to learn a lesson and suffer a very high cost because of it but it is even worse to not learn anything from it and by the looks of it, it seems you have learn from your mistakes now that you have done so you have a real chance to make a lot of money with bitcoin since the price is nowhere near to reach its full potential.

This is very common among new investors no matter the market we are talking about, in the stock market people begin to buy all kind of stocks thinking they are going to become rich very rapidly only to discover that is not the case and that most of their stocks are losing money then they sell and they keep losing money, this is why holding is a must no matter in which market you are.

600 seems to be very low to me even with the current market conditions you cannot expect to make a lot of money with just 600, if I were you I will wait until I got a lot more money, but if you are already convinced about investing what I will probably buy will be elixir, to me it is the best of the two coins in which you are thinking about investing right now.

Gold is a good investment, but those that are investing in gold thinking they are going to get rich are just too positive, I'm pretty sure that if the economy of the world crashes and gold went up by a significant amount of money governments will create a special tax for gold holders, as you can see governments will change the rules as they see fit in order to benefit themselves this is why bitcoin is great it doesn't matter if they change the law to get your bitcoins they cannot actually confiscate it if they do not know you have it.

The problem is that many are thinking that the bear market is only because of bitcoin but the truth is that the whole market has been affected by the bears, so not only bitcoin is not growing but altcoins are not growing as well, having a more positive sentiment for bitcoin will help altcoins in the long run but not immediately as we have seen many times, when the price of bitcoin goes up the altcoins follow but a few weeks later and sometimes even months later.

That is the risk that you took with your strategy, you are going to be able to grab a lot of fast profits when coins go up rapidly in price, but you're going to miss the big bull runs of many coins, as you exemplify with the example you gave to what happened to you when you sold your NEO for a cheap price, personally I prefer the opposite I prefer to hold for a very long time and wait for my coins to skyrocket.

Regulations are never going to destroy cryptocurrencies and the decentralization behind them, regulations are just an attempt to curb adoption and to make it harder for a lot of people to avoid paying their taxes, that is all, as long as you're willing to pay your taxes regulation is not going to affect you that much and if you do not use exchanges regularly then any regulation is going to have minimal effects on you.

This is not true, those that are rich most of the time are rich because of their own effort, the families that are rich for a very long time are very rare because at some point the person that made all the effort to become rich dies and gives his money to his children which most of the time do not really know what was needed to do in order to get that money so they squander it.

The only reason people still use banks is because they do not know any better, when people finally realize how much better is bitcoin compared to their services then when that finally happens banks will be unable to compete with bitcoin directly and that is when we will begin to see a lot more cries from the banking industry to ban bitcoin and cryptocurrencies in general, and it is possible they will succeed but at that point people will not care and they will keep using bitcoin.

As long as they know what bitcoin is about they do not really need to know how exactly works since not many people are going to understand the math behind that, as long as they understand what it is the function of bitcoin and why they should adopt it then that is enough, if they know bitcoin is a currency that can be used as an investment as well, their knowledge about bitcoin is good enough.

Also it doesn't make a lot of sense for people to wish for bitcoin to go back to zero, after all, all altcoins are dependent on the price of bitcoin this is why when you see the price of bitcoin pumping up the altcoins follow immediately or after a few weeks, if the price of bitcoin crashes so hard to the point in which is at zero then it is natural to think that most if not all altcoins will follow the same fate.

This is a mistake, the whole purpose of bitcoin is to be a currency what happens is that as any currency around the world it can be traded back and forth for other currencies as time goes by and people begin to adopt bitcoin and it is used as a currency its use as a trading tool will diminish and we will see people more openly using their bitcoins to buy what they want.

If the ones that invested in bitcoin have some experience with trading it is still  possible they could choose to invest again but the reason of why I do not think this is going to be the case is that if they were that experienced they would have never invested when the price was clearly in the middle of a bubble and it would have been impossible for them to profit, so it is quite likely we are going to see the current prices for a long time and this can be good or bad depending on when you bought your bitcoin.

Governments can survive but they will have to evolve into something else, governments will have to become really small, they will have to survive through tariffs and by lotteries, I know this may sound impossible but that is the way the government of the United States survived in the early days so we know it is possible, but you will have to live with a government that is incredibly small and personally I am fine with that.

My worst mistake was not selling my bitcoin at 20000 and then buy it again at 6000 if I did that I could have tripled my bitcoin and while I do not have a quantity that many will consider to be big, tripling my money that way it would have been incredible, in fact I could dedicate myself fully to earn bitcoin but I didn't did it as such I still need to find a way to earn more bitcoin.

Bitcoin will regain its price that is a sure thing that is why I do not understand all the people that are worried because bitcoin will recover, however what we really do not know is when that is going to happen, it may happen in some months, at the end of this year, or it may take even longer, and I do not have any kind of problem with that but I suppose that there are people that invested in December at the very top of the market and that will like to recover their money immediately but unfortunately they are at the mercy of the market.

This seems to be right, the previous bull market made very easy for anyone to earn money through trading and think of themselves as experts on the matter not realizing they were not the ones that should get any credit for their profits, anyone that invested in the beginning of the previous year made money, you did not needed to be a genius to do it but now things are very different.

Bitcoin is not over it is not even close to be over however you have become part of the market in some of the most difficult circumstances that we have seen in the last years so I understand why you're worried, maybe you are losing a lot of money by investing at the wrong time but whatever the case I would recommend that you look at the previous history of bitcoin and you will see a lot of crashes like the current one and bitcoin always recovered.