I find it useless, because on the internet, anybody can speak of anything and this is the root cause behind misinformation on many topics to those who dont look for answers in topics that needs professional input. This leads to a lot of fake cures and charlatans promoting them. Many pseudo-science topics and propaganda only exist in the internet because that is what started it.

You cant argue with an idiot. You can only argue when the other side is giving evidence to support their claim. In Reddit or any social media it is exactly zero.

It is like trying to move a mountain. Reddit being the breeding ground for conspiracy theories and all, I never look into it for any investment knowledge or even worse, advice.

Their loss is our gain. That is how I take it and since this does not concern someone's lives, I am more than happy to see others lose their money and me make money. In that way, this type of conversations help the strong hands.

You can do that and you will gain some experience doing this, but it is not a full-proof method to weed out the scams or the future failures.

Instead, what I feel is that most projects are faking whitepapers and that need to be checked first.

Then go for the team profiles and see if they have been involved in some other successful projects too.

Try to email them or contact the advisors on linkedin if they are really involved with the project; scam projects will pick random pictures without taking their permission and they will be surprised when you contact them on linkedin and ask about the project.

Even them 99% of the projects will fail and not pay its participants, they are neither legally bound to do that.

What is the rush about? Let bitcoin grow organically and even if it takes a few more years, we reach than range and then cross it too, will somebody look back and question that why did that rise not happen a couple of years earlier?

I hate to break it, but I doubt you have been listening enough to hear people talking unless you are living under a rock. Even then, I dont watch much of what the social media does, but place orders and then go back to daily life. When bitcoin dropped to 39k for a few minutes my buy orders executed and now I am selling them at high prices.

Bottom line: Let people chatter, dont give them importance but make profit off the market cycle.

Altcoins follow the movements of bitcoin usually. If you are blaming bitcoin for the bad times in altcoin, then it was your mistake to get into altcoins in the first place, something that I have tried to tell every newbie I come across.

You can be the difference here, create your own account on Quora and start giving logical explanations to the questions where you feel the answers till date are inadequate. This can be tiring and time consuming and at times it is also better to leave them do what they wish to do because their loss is your gain in such assets.

At the same time, try to build up your own community among the Bengali users from your country. You cannot remove someone's view because you think it to be incorrect - you would be trying to suppress free speech, instead you point out their fallacies and show others their real motives. Older people like red-pilled professors lack knowledge about tech and they are very careful about money because of past experiences, it is not their fault that they became idiotic, but the condition they lived through.

However this problem exists in every section of the population. I feel being selfish and silent about your own assets is often useful too, but there are others things to do too.

Depends on what your country's legal system's approach to bitcoin is, keep a part of investment in fiat sectors like stocks and deposits. Because this is a bitcoin forum you will see skewed opinions to bitcoin, but you should keep yourself safe by having both options. When it comes to crypto, only bitcoin is what you need.

Give priority to skill development and if possible get a daily job where you can apply those skills. Remember that having a stable income always gives an investor mental peace over the chaos of the market. The fact that you know you can feed yourself and your family in case the investments are going down is a strong deterrent to drastic measures often taken by investors.

Those who think "I quit my job and got rich with crypto" are just show-offs and charlatans. You have to cunning when taking such decisions and keep both options open.

Risks do not decrease with the gain of knowledge, risks can be minimized by careful order placing and timing the orders.

If it was so easy, then every person studying bitcoin would have become a millionaire. You can deal with risks but you will not always make a profit out of it.
That faith can destroy your portfolio too. Some altcoins may be profitable, but the one coin that has been tested for years and running strong is bitcoin. So next time before putting money in some recent cashgrab hype, better think about putting money in bitcoin at a low price than wasting money on shitcoins.

Let us see how long this hype stands. My guess is half of this year and not more than that.

I am not sure if doing a "This project is scam" campaign is a good start. It might very well be a scam, but you should have given that thought before deciding to participate in it not after that.

The bounty manager is not directly involved in getting the money to pay the bounty participants but organizing the bounty only, I suggest you remove their name from this thread.

phelbaby account exists here - https://bitcointalk.org/index.php?action=profile;u=1255347
they have used the same username on telegram in their messages on the forum archived here - https://archive.fo/8qeza#selection-3923.19-3923.28

To be honest, the santacoin team never showed their faces or names or identity information anywhere during the process when the project was launched. Their litepaper is a generic one without any details about who created the project.

Every Christmas we see such projects come up. The scam bounty project "C" Why even bother joining such bounties?

I would correct the word "these days" to "everyday" It has been like that since the time money was first used by man. Scams exist since humans existed and avoiding them is the key.

It is easy to do that and hence there is a need for regulation of crypto projects by some government body, is what I feel.

If you do your research, you will be able to pick out the problems quickly too. However not everyone is an expert in this nor a novice in such.

What the forum members are currently doing is reporting scam projects in the "Scam Accusations" section of the forum and flagging the associated account(s). For now this self-policing of projects in this forum by its members is a reasonable alternative.

One's loss is another's gain. The point is that scams can be avoided and the first step in that is to be rigid about investing only in bitcoin and no altcoin. It will solve most of these scam token problems.

I dont, in fact most of the older traders here dont do that either. Reason is that the whole concept of "whale alert" is a gimmicky market manipulation. In order to make to the weak hands sell their coins because they might think that the whales are dumping. How much truth there is to such whale movements is highly questionable.

Nobody is going to tell you that project A is going to be better than project B in this sector. You have to do your own groundwork and research to check what the project is developing, how the team is working behind it and whether that project actually has any use case in the real world or just plain vaporware designed for a quick cashgrab and an exit scam.

Useful for the bitcoin-poor to watch and drool over and maybe have wet dreams about.

Useless to traders - these sites will not tell you how to invest nor how to check legitimacy of projects. If you want to buy bitcoin, buy it. Dont look at what others have achieved, they deserve it because they were early adopters, but you are also not late because bitcoin mining will continue for another 119years.

Me too and I was one of their 200$ faucet roll winner too in the month of October 2016. I made a thread on it too, in case you are interested to see and want to know about the legitimacy of the site.

Got 200$ from Freebitcoin today morning, call that a BIG WIN

You need English lessons too. Rushing to write something on this forum by making more than one account does not make you look legit, but underage to gamble.

Also the site does not have any app, AFAIK, Play store does not like gambling site apps on their marketplace as well.

Till date all the threads which claimed such got answered by their support team and lacked evidence from the "victim's" side, obviously if they had any legit evidence, the thread would have been followed up by the accuser.

Often it has been seen that projects seem legit in the start but turn out to be a scam in the future. This cannot be predicted due to a lack of information and lack of regulation in this sector. It is easy to copy a blockchain project and make a new one but whether it is real or going to end up scam is a though thing to decide on.

Majority of cases end up as failures, this should be kept in mind when enrolling yourself in a bounty campaign. If that bothers someone, they should not enroll. There are better time tested methods to make money, like trading or just working a job. Dont waste time on bounties if the fact that they are going to be worthless shitcoins bother you.

That is called obsession, it is worse than greed.

Not bad, you learnt your lesson.

Greed for anything should not turn into an obsession is what I understand.

Any emotion for that sense can draw a moral human into a dark place. But it is also important to be reminded that these emotions are a part and parcel of life and they make a human. From what you have said, I hope you are in a better condition than what you have been previously.

The nature for taking risks and attempting to make money is hardwired into humans. It may not work out for everyone hence not every risk taker can be a good trader. Not sure about you, but I have enjoyed trading between bulls and bears and I still do, but I dont allow that to be the only reason I am staying awake. That is more of a hobby for me and if I make a profit out of it, good for me.

Not everyone can set up this type of mentality, and it is not their fault either.

Free advice, the only coin that a newbie should get into is bitcoin but try to buy it at the bear market. Current price of 41k USD is in a bearish trend but I feel it will go into the 35k USD range at which point you should think of buying it. Remember that bitcoin is still cheap compared to what it can become once mining new bitcoins end.

Whatever stuff you watch on youtube, you will find altcoin shills are looking to promote their own vaporware - each of those are short term stuff but when they are going to crash you will never know. Hence they are a waste of time and money and if you value those things, dont get into buying any altcoin.

Look at older charts and identify support/resistance levels and use these place orders. No need to buy any book or course for trading, you learn indicators and their use by trading more than reading. Paid courses are only made to make the creator rich, not you.

Vesting schedule is not applicable here, you are only one making your traders. Do not give access to your portfolio to a third party, this market does not work like that. Keep your private key/seedphrase safe, whoever has that can spend your coins without you knowing.

About token distribution, I prefer the top five coins on coinmarketcap. They are time tested and safer than the rest. Rest if upto you if you want to lose your money.

No, please dont rely on signals groups. These groups are literally scamming their numbers by selling them paid memberships and the stuff they give for paid membership and released on their free channel a few days later. But these are not researched quotes, but the owners shitcoins being pumped. Newbies fall for this mistake of getting trading advice from others - this is one place where you follow your own path and not listen to what others say.

If you are following them, get ready to get ripped off very soon. Older traders know the reality behind them and try to avoid them as much as possible. When someone is new to the market they need help and they should be helped with authentic information from charts not predictions from pump and dump groups.

It is a bearish trend currently. A good time to buy especially below the 40k USD mark and till the next lowest drop. I dont know how well the 35k mark is supported if possible to break but I am sure the 30k and below that are well supported.

As a trader, we need to improvise on both bear and bull, unlike what most newbies do - only get wet dreams about the bull market.
In the bear market you devise positions to buy in with fiat or stablecoins if you already had any. Just because the market is red does not mean you are losing everything or going rekt.

If you are into bitcoin, this is the time to buy, otherwise when the bull trend starts you will again be left with no bitcoin but only fiat at hand.

I dont think allocating more money makes any sense, true you might get some temporary profits but very soon some or the other hype will start to decline. The hyps is way more than actual demand from mainstream angles or market. But the bagholders and promoters of such projects are the only ones making a whole lot of noise on social media.

The whole "NFT is art" thing is way far from mainstream and this should not be compared to the early days of bitcoin, its ideals were different and it's creator did not ask people to buy their coin.

If you care about the tech well and good, but you might end up with your hands burnt just like in the ICO craze most investors did. It is a wiser decision to buy BTC as it is in a bear trend currently.

Managing your income and expense is something that should be done by everyone and in every season, not just the holidays. It would not matter if you spend some extra on your family, they need you and they depend on you for their expenses if you are the sole bread earner - I dont see anything wrong in that. It is not possible to live alone in this world and be healthy.

But in case your trading or income was not upto the mark, spending a bit less helps to save some for the next year. Life is all about adjusting and compromises, you never get what you actually want but if your needs are like a common man, you will not face troubles.

Right now the holidays are over and the market is on the 41k USD mark. It is a good time to place orders on the bearish side and make the first profitable trades of the year.

A bot is used for automation. A bot is not made to generate profit, unlike what some newbies might think.

People need to get this in their heads, bots run algorithms and they are going to execute some actions on the previously set triggers. This helps in allowing the actual human to take a break from looking on the screen all the time. Just use your common sense, if this bot could make you a millionaire, everyone would be buying this bot and there would be millionaires everywhere and not rekt traders - but that is hardly true, so you can figure out the reality easily.

If you program the bot yourself, the data is safe and within your control. Not sure what you are implying by "result" here, bots will execute a set program on a set trigger, nothing more.

There are lot of concerns in cryptocurrency. Bitcoin being outlawed by some countries, yours could be next. But if you live in that worry you will never be able to take the services of tools available at your disposal to maximize your profits. Stablecoin is one such tool.

In a Bull market, you sell your bitcoins to buy USDT at that high price on the bull market. Now you just hold the stablecoin till the market drops again. Now you spend the stablecoin to buy Bitcoin back at the lower price. If you do the math, you can understand that you actually multiplied the amount of bitcoin that you own since the first trade.

Nobody keeps stablecoins as a source of value, at least not someone who is diligent enough to understand this. They are an intermediary source to hedge your assets, IMO.

Try to apply this to the markets everyday, try on paper first - you might get the hang of it.

I consider bounty projects to be a waste of time. But that is not due to ETH fees to send the coins but the fact that these coins have no actual market demand nor any inherent market making capacity. Cost of gas might be high, but the bounty tokens are sent once by the owner and not your headache.

Again sending them to an exchange, you would incur gas fees once more - this might be cutting a hole in your pocket, if so dont do bounties anymore. Get your hands into something that is better known and done without someone above your head, like trading.

When did bounties give out money for free? Back in 2015-16 and not anymore after that. It led to a massive increase in spammer accounts in the forum too. Instead of spending time to search for bounties that pay, it is better to invest your money into bitcoin.