Cloud minings are just a waste of time. In fact you already answered your questions. All cloud mining sites are doin is gathering investors to invest to their site then pay some users to make it look real and once they've accumulated enough money they disappear. So basically it's a ponzi scheme.
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I guess people from a well develop country that has good economic status with lots of middle class or higher class citizens like the first world. We can't really teach bitcoin if a country is still suffering from poverty, has no electricity, no internet connection. So for now that would be the best target for bitcoin. People who can use internet of things.
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This is exactly why i hodl my bitcoins even if it's little but im earning it from signature campaign so it will grow as long as i dont spend on needless things and waiting for the storm to cease. After the price crash surely a bullish trend will emerge this is why people loves crypto currency cause your gains are tremendous. Swing trader and hodler's profit the most in this.
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Read some articles of how bitcoin started, who invented it, how it works and how is the price being fueled. You can read an all in one articles like that in google or in bitcointalk. Once you learn all that you will soon find ways to earn it then you can start with signature and bounty campaign's, it's also a good way to earn btc.
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The important thing to note is to never buy a high price then sell it a low price. Usually traders do this when the price fluctuate's but only if that coin is unknown and has no any good reputation, technology like unknown altcoins. I suggest just by popular one's and do variety trading once you really learn trading.
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They can make fun of bitcoin right now because the price is dropping, i see people posting meme's about it. Little they know that bitcoin is just preparing to surge and will be bullish this year or this april. It will recover soon enough and make them drop their jaws while bitcoin will reach new all time heights.
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Yes ive seen this lambo thing and thought of it as a bug from the site then i refresh the site after a few seconds and still the same. So i give up and decided to make a good use of my time doing some signature campaign work since the btc price was in lambo conversion. But that prank helped relieve stress from the market and the price surprisingly went up to 7000 usd.
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That is the nature of bitcoin it tends to go up rapidly and after few months may fall as fast as it goes up but this is why trader's enables to profit because the price is not stagnant like fiat or stock investment. Especially if you're a swing trader if you patiently wait for the price to go up then sell, you can get huge profit.
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Right now it's dangerous to trade your altcoins or whatever crypto currency your hodling especially when you have bought from a higher price. If that's the case try hodling it and try selling it when the price gets higher in order to make profit. When it comes to trading you just have to know the basic concept and that is buy low, sell high.
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Sad to say i can't buy bitcoins because i dont have the money to do it but if i had, i would surely spend it all on buying $6700 bitcoin this time may not come again. But i have an alternative way to earn bitcoin that is earning it through bounty and signature campaigns. This april may start bitcoins bullish run.
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This is only a simple bearish trend like in the past few years where the bitcoin price crash but then eventually recovers. The appearance of new altcoins is not the cause of bitcoin price going down in fact that new altcoins that you mentioned is also crashing not only bitcoin. So i can say that something is making the market go down.
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It seems some trading/exchange sites are turning into a scam or has some issues in withdrawal many users here in bitcointalk has been reporting this. Especially in this section looks like with the recent price crash it would be unlikely for the trading sites to profit from it. But for me this is a chance to earn more btc cause after the storm surely will comes the sun.
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There's no such thing as an stable crypto currency even the most popular and with a good technology coin fluctuate's. Even for bitcoin because that is the nature of an decentralized digital money, volatility is in it's nature. The good thing about volatility is it enables you to profit unlike the stagnant stock market.
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My best pick is still bitcoin despite this fluctuations and many bad news coming all over the place bitcoin still manage to survive not only this but also in the past, it is the best for long term investment. And one of the good thing about bitcoin is that it always recovers after a downtrend other altcoin might not survive from this but bitcoin will.
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Ive seen some ICO's script but ive never used any of them creating your own token and crowd funding that token and then dumping after reaching the desired amount of money then run. Sorry but i wont risk my dignity for this kind of action i rather make money through signatur/bounty campaign's.
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Bitcoin really is a virtual currency but the difference is that you can liquidate it to your fiat and make use of it for your personal necessities. In my country bitcoin has also many misconception they think it's a scam, ponzi scheme, illegal cause it can be used to buy drugs, weapons. Clearly we need to educate the people with this misinformations so potential investors could join and stop being afraid of it.
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Bitcoin price is backed up by several miners around the globe who mines it's supply as a result the price also increases and it's superior technology the blockchain. That is why bitcoin is a commodity. The volatility is determined by it's high demand and limited supply so saying bitcoin has no value is nothing but a hoax.
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Unfortunately some big exchanges in japan pulled off and cease it's operation these exchanges are; Tokyo gateway, Mr. exchange, Raimu, Bitexpress and Bit Station. But all is not bad some speculators and bitcoin investor said that this is a good chance to buy more cheap altcoins and bitcoin. It would be unlikely for bitcoin to recover within short term but im expecting a rally after a few months.
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Another FUD post that is why the price is dropping because of the spread of fake news and FUD post all around the internet. I wont panic if the price drops even more cause it will serve as a chance for me to buy affordable and cheap coins. Then wait for it to surge again this coming april or july.
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Bitcoin doesn't need to be a global currency cause whether we accept it or not. Bitcoin is only useable in the cyber world beyond that it's useless in offline transaction but it's there for us as an alternative payment processor for those who wants freedom in their money without any third party tracking it with much less fee and faster transaction and good security that you can send money around the globe in just minutes.
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