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.

Buying Bitcoin should not be done in panic, this should be a basic understanding for most people investing in this sector. There are people losing money putting their income in altcoins. They should learn the basic that altcoins can never be as valuable as Bitcoin but only for short term gains are they good.

New projects making the rounds in news sites will never give you that much profit as Bitcoin can in the long run. So don't waste time choosing new things to invest in, limit your portfolio and focus on Bitcoin and few of the old altcoins.

AMA is nothing different than public talks and any other public showcases. How do you handle that same team when a project makes some promises and then works to break all those promises one by one.

You can get to know only what they want you to know during such AMAs. Don't expect to get critical points regarding the project or its development from such talks.

The social media managers know how to takle such questions and therefor you will only be misled. If you need to get info on whether to invest, observe the projects for a few years.

It is wrong to say that telegram is controlled by fraudsters because they are only controlling fraudulent groups and not the entire thing.

It is the job of the person attending such groups to do their dur diligence and not the people in the group to babysit them. If they are looking for quick and easy profits, they wil be fooled by such groups and their money taken away.

Signals from any group are fraud and should not be followed. There needs to be more awareness regarding this, because I see such topics come up everyday.

If bitcoin falls by 50% it will not happen in a single go but step wise drop at most but there will be an obvious correction to it as well. Hence such huge movments are likely not going to happen.

Still for the record older charts show that Bitcoin recovery is gradual but complete and this the support behind it from the community.

Which in turn should not affect adoption by merchants. Because even a large movement in price is would not affect the price of an article. Again with investors this is opportunity.

So largely speaking, price movments should not have much impact on adoption. After all we have forex markets but do they influence the sale of overseas items? Not much.

These emotions need to be controlled when trading. It is easier if seen from a more mechanical point of view like taking the buy and sell prices as just numbers which you are handling yourself. Then there are traders who get too attached to their coins.

Remember that a professionally successful trader know both when to buy and when to sell. Not just hold. You have to recycle the money otherwise it ends up giving no return value to you.

Situations will end up happening every few days, you have to handle it mechanically. Buy when it drops beyond a set price and sell when it rises. Beyond that, don't stare at charts all day, it invokes anxiety.

Yo, most users think like that anyway.

Having good level of patience is a virtue, most dont have it and therefore they dont find success in many aspects of life, not just crypto.

Influencers shilling these projects are an instant no-no. People should learn that most newly launched projects are just short term gains for the owners, marketers and influencers and not the investors. The long term value of any such project is absolutely zero.

But who will guide the newbies? We forum members who have learnt the basics should try to make them aware.

Knowledge is important but market experience and knowing how to control the nerves is important in the market. It is not easy to master the movements of the market and it takes time to get accustomed with the sudden and slow movements in this market happening overnight and during days.

It is therefore not easy to remain a strong trader in all occasions and break from trading is important. Accumulating during the phase of bear and selling during the phase of bull should be the target. While the profit made from the same should be either put up in the long term hold box or shifted to regular trading.

If one thinks they have mastered the market movements, they are being a fool. Just focus on your buying and selling.

There can be a dump, going by obvious reasons, but if it happens will it matter to much to us holders? No. Because we will buy back at low prices and continue to hold. Most of the victims will sell because they have been waiting for a long time to get their hands on this.

But the process has not started yet and hence not a reason at all to panic. In fact we traders should never panic about any upcoming dumps, let them happen like any normal process.

As traders stop giving here to everyday news. You have to learn to be resistant to these and treat the numbers.

Nobody has extra money because the phrase itself is wrong. The point is that people allocate a fraction of their entire income toward risky investments while the rest is kept safe on savings.

Being able to lose that money is what drives their investing attitude. It is something they can afford to lose. However you might not be in a similar situation but investing in Bitcoin is pretty safe if done at proper researched low prices.

Sorry to hear that to have been robbed a few times, can only advise you to stay safe.

It is never about generations. There are people who understand how bitcoin works and finds it harmful for their future and such people will always oppose bitcoin and its adoption, it need not be old or young generation. When a person sees their future crumble because of a factor, they will try to eliminate or delay the factor.

Future governments might become more lenient towards crypto but this become more streamlined if the regulations come in place. So first will be regulation and then there will be widespread adoption.

Before this happens, we old timers need to accumulate as much bitcoin as we can so we have a profitable outcome in plan.

I agree that you miss out a good project in the bear market and not be able to touch it once it goes up, but to be honest, how many have you seen recover from a bear market completely and make a new for themselves? Almost none. So it goes without saying that majority of altcoins are failures which we all veterans have realized and watching out newbies learn the hard way.

If in that small fraction some project ends up being big, it will grow gradually or give you chances to buy it, it would not go up in a day and stay there forever.

The easiest of them is to just buy bitcoin at low price and be home free. Nothing yields better profits and sound sleep. 

You are living on bitcoin it seems, which is a good think and I do envy you for that, in a friendly way.

Being able to spend their campaign earnings for daily necessities is something that we all would want to do. But currently most users are only spending it with fiat money they get while the bitcoins are being held back. Just hope that you balance out both methods of payments equally so as to not overspend bitcoins that would get you a bigger selling price in future.

The saving and expenditure system can be applied to your bitcoin earnings too if you are careful.

I would suggest you to first improve your post quality and grow your account's rank to a reasonable "Member" or higher. Without this basic workup, nobody is going to give you any importance.

Beyond that you should start working as a trainee manager under some reputed manager who might also be looking for an "Apprentice/Intern" to reduce their own workload. They can help you get a job under their name and allow you to manage it while supervising it themselves.

But this second stage is far from anything close for your account, so you need to work on your rank first. Having been a bounty spammer, very few people will take interest in you, but I am of the opinion that any person can outgrow their habits and become someone worthy, so good luck!

The situation in my country is such that I have very few avenues of spending cryptocurrencies, majority of which is through gift cards and although they are useful, they are not an alternative, hence I am rather holding my coins in the hope of better prospects in the future.

Mostly trading every few days when the market swings happen in majority of my transactions.

I guess the situation is different in first world countries where bitcoin ATMs exist and spending coins is much easier. I do envy them for this and the fact that some countries are going backwards in civilization due to different reasons or motives.