I believe so too, and it is because investors are being very careful now that even the good projects are still not getting to meet up with their hardcap again, many investors are always very skeptical now in putting their money into a project that they are not very sure of.

I thought that it would be difficult for people to really make research, but people are making research very well now before they commit their money now into the ICO market. I know that the time will come that all these scam project will be very discouraged about releasing any project too because they will not see anyone to buy into their idea, while hunters too are being picky about project before they project it to the entire world.

So, I think that we are getting there in this aspect of selecting a project very well before investing in them.

They will still surely change their stance on bitcoin because the reason why they are still classifying other coins with bitcoin is its volatility which I am not scare of, as time goes by, the usage of bitcoin will increase and demand will start becoming higher than supply and as demand becomes higher than supply, the volatility will reduced and it will become like a stable coin but at a more higher value.

I don’t see the g7 report actually affecting bitcoin negatively, provided that they don’t declare bitcoin as illegal, they only showed concern about bitcoin and other cryptocurrencies that are not stable which I am sure that their view will eventually change in the future when we are fully developed and so many world starts using it for payments and as digital asset.

This is far more than enough to really to start a trade, I have just read of someone’s trade story who shared how he turned $500 to about $10000 within 4 months and I think this is really a very good gain if we can actually get this to be possible, but the only thing with his own is that he went on a leverage trading which is quite very risky but could really be profitable.

If you want to trade without leveraging, I think that you can actually turn that $500 to at least $2500 within 3 months, which you can then continue to compound until it becomes bigger for you to continue to trade in a bigger way. Imagine what you could gain again if you start trading with that $2500, would that not be enough to actually earn you a very high salary every year? So what does one need work for again?

The most amazing thing is even the fact that the owner was even able to move it without the services of those PayPal and the rest. This is the main function off bitcoin that is scaring lots of people because they know that they will be out of business.

Imagine what PayPal and others would have really made if the whale actually passed the money through them? But there is nothing that they can actually do again right now because the payment system of bitcoin is becoming easier than we think and gradually, every fan or users of those other financial service providers will end up moving completely to bitcoin which will make bitcoin become the world’s global currency even without the approval or the regulation of the government.

You must edit into bitcointalk.

I am also a member of earnmoneyspace.com (then it was renamed to emoneyspace). Thanks for reminding my old PTC days.

Is there any method available to confirm that you are official representative of these sites?

Regulation will still not completely get them out of the market, it would only reduce them to some extent, what we should work on too first is ourselves, I don’t know why some people are so dull that they will see that a project is not worth it, but in the name of risk, they will still put their money into it, thereby encouraging all the scammers to do more.

We need regulation, but even if the regulation comes, investors too need not to rely on the government alone, they also need to be very smart and be careful in the kind of project that they put money. There is need for every investor and every participant of these projects to do their own due diligent thoroughly before even getting themselves involve in a project that will scam them.

The people that will always fall victim of scam more are investors that are more interested in pre ico, you know those investors only invest by faith and basically by the whitepaper that they read because no matter how much they try, they cannot verify the authenticity of a project from the beginning before they enter an exchange like those who wait for the project to enter an exchange first for them to fully verify if the project is according to what they promised and stand for or they have diverted from their main focus.

It is also when they have entered an exchange that you will get to know if the coin is really good to be held on to as a long term investment or just to be used as short term investment. The only way one can truly get to know a genuine project is when they have entered an exchange.

I am sure that no one will dispute what you are saying here because we even know of the court case they are presently in of over printing of money and I keep telling many people that tether is really a time bomb and will shock so many people the day that tether will pack up.

There are so many stable coins that have been so effective like this usdc, but I don’t know why people keep running to tether despite all these that has been aid about tether coin. Tether is not the most reliable stable coin to me, and I think that the company too is more concerned about the money they can use the platform to make and not like binance that if anything happen to clients account, they will refund them back. I believe more in usdc reliability than tether’s own.

I doubt we would touch those levels before end of this month, there has been a good sell pressure on bitcoin for a while now and even with that we have been holding at above $8k for a long time, if there was any indication that bitcoin would fall it would have already happened, only reason why could potentially go under $8k would be people not buying anymore like they are right now or people selling more than they are selling right now and I do not see neither going to happen any time soon.

Yeah, there is always a probability but we have never worked on a chance of something happening, we are working on something probable to happen and I see a big increase coming soon as soon as the sellers let their foot off the gas. Isn't that more possible that closes resistance is way too close whereas closes support looks way more strong.

I first got into Bitcoin around the end of 2014, I think that was either November or December. The price was very low and I wasn't ready to invest because I was just using as a method of transactions for the work I was doing then.

After sometime I introduced it to my friend and he took out time to research about it, he invested and even started Bitcoin mining (the mining he no longer does now). And I was still just using it as a payment method, till he came back and told me that the price of Bitcoin is up to $1000! I was still skeptical about investing in it till the price got to $2,500, that's when I rushed in, can't remember exactly when, but I'm thinking around the middle of 2017.

I planned to hold it for long term, maybe five years after I compared from 2009 to 2017. But surprisingly that same year the price got to 19,000+ around December.

My friend advised me to leave it, but when it dropped to $15,000 I decided to sell them and use the money for another business which i do now. I later invested this year and I'm holding again till the price goes up. I don't rely much on Bitcoin, I always have plans for long term holding, but if there happens to be bull run, then I'm selling.

Yes, I am not totally going to go against diversification, it is good to diversify our investment but at least all these coins that has no future should stop choking the market and really getting people confused on their investment choice, like he said, people are really divided and that is the truth, they are divided in the sense that the time and energy that they would have used in promoting bitcoin , they are there promoting other coin because they at one point promises to give them the heaven and earth that they will never get.

If those investors did not get a diverted attention, I am sure that by now, bitcoin would have being at its total peak, but every energy that is meant to be channeled in bitcoin is actually channeled on this coins which is really making the dominance of bitcoin not to even have reached 100%

It is true, we should only have complain when we don’t even get anything from bounty at all, and not all bounty actually even have the intention of scamming, although it is unfortunate that some of the project that are good along the line are being rendered useless also when investors dump coin on them, but I also blame them because they are the ones offering huge reward to these people.

Scamming is not the only thing that is killing the cryptocurrency space, but the huge reward that is being given to investors which they dump on the market is also contributing to why the market is really not surviving today, so I think that we still need to always pick projects carefully before investing.

That is the wise decision that any wise investor should make which I am glad you are on the right part and not like all those people that use to panic anytime that they see the price of bitcoin dip.  Anytime that bitcoin rises, the prayer of most short-term trader is that they get another little correction so that the opportunity can be there again to buy, but instead of some people buying, they sell when there is just a little dip.

After the Bitcoin’s recent crash, I could see from some transaction that some people were selling out of panic, but they never knew that it is the mission of whales is what they are helping them to accomplish, while they are panicking, the whales are accumulating all the coins they are dumping ahead of the large increase that is coming in future.

OP has some valid points in here, but I don’t think regulation can even solve some of the issues of bitcoin that you listed here and I think that we just have to learn to deal with it on our own. In bitcoin transaction, we have to be very careful about it and if we can be careful, we should not make much mistakes in wallet, the password and all the issue we have here, and that is why bitcoin is for intelligent people.

The creator is a smart and intelligent person, and so as the community of bitcoin ought to be smart, because I see it as carelessness that someone would forget details about his wallet, and the I think that one of the reasons why people forget their wallet is because they don’t make use of it, they just buy bitcoin and then hold it there permanently till further notice.

Even if the cryptocurrency market is more volatile than that of bitcoin, but when it comes to profit in trading the coins, Forex trading market and cryptocurrency market can never be compared, I have earned so much money in cryptocurrency trading much more than I have earned in Forex trading for the past 15 years of my life that I have been trading.

Other opportunities that cryptocurrency has given to me is to create job for me, aside bounty hunting, there are some freelance jobs that I have not been able to apply for because of payment obstacles as a result of country’s barrier, but with cryptocurrency wallet, I can receive any payment from any part of the world and then change it to fiat which I further use for bitcoin investment.

You may never say, they might be bad today, but that does not mean that they will remain bad for life, I don’t know of the other two coins that you mentioned because I have never invested in them or even researched on them for me to know if they have a real use case or not, but I strongly believe in Bit Torrent’s further.

I would not want you to use the general situation of the market today to conclude on these coins, let the bear be over first before we can really say which coin is capable of mooning or not, but for me, I still believe that those projects that looks down today will rise up again once the altcoin seasons starts. Bittorent is a popular project and will sure get investors in future.

I don’t understand you, has he sold all his coin to panic that made you feel he has nothing left? If he has not sold his coin, and based on what you have here, he invested in the most promising two coins which also happen to be the kings of all coins, I don’t think he has lost anything, he might have made some mistakes of not selling during the last all time high which majority of us made also, but I believe that he will surely recover this price back in future.

I would not want you to give up on him yet, there is still very big light at the end of the tunnel. I have some investment in bitcoin that I am not also touching even if I see some increase now until in the future when bitcoin eventual hit the highest peak, and then I will be among people who had investment in bitcoin till its highest peak.

Because, you are still spending fiat and not bitcoin itself? If you earn bitcoin and spend bitcoin then it is something every single person is doing with fiat, what are you going to do earn in bitcoin but spend in fiat? Where will you find the fiat that you want to spend?

However, if you earn fiat and spend bitcoin than it makes no sense, of course you should keep your bitcoins.

The point is to turn the life into a full circle bitcoin spending, the boss sells a product to a person for bitcoin and makes bitcoin, than boss pays you to make that product in bitcoin than you go buy that product for bitcoin, that is how a full circle of bitcoin goes around, if you get paid in fiat than buy a bit btc to stash aside for the future and spend your fiat for life stuff, its only possible you can spend bitcoin and not worry when you earn bitcoin as well.

Excited, I think that you are lost man, with the way that people detest new projects now, I don’t think that anyone still gets excited over a coin that is  newly released knowing the part that majority of them has played in the past on the way investors are being scammed, people would happily accept a project only when they are very sure that it is solid, and that is why you see that people gets more excited on binance IEO than the normal ICO that they have all given up on.

Normally, if ICO was good, people usually do get excited in the past, because it is a new national cake that is being prepared to be shared, imagine you invest in a new coin, and it gets pumped by 800 percent when he enters an exchange, who would not get excited about that, do you know how much that would mean?

Those who are making money from cryptocurrency despite all these challenges that you have mentioned do not have two head, if you leave the cryptocurrency space now, it would not make any difference as we will have people to always fill up the space, so you will be the one at the losing end because of lack of patience mate.

There is no system that is perfect, while many people are crying poverty in the fiat system, there are people who are making so much money from it just because they are able to learn on how to deal with the situation. All these challenges you have mentioned are what can be dealt with, you can learn to work through it. I am a trader and with all these bear markets, I am still able to make some ends means through it.