Go find a job then. This is the problem; many people in this industry are way too dependent with the profit they are getting from this industry. To make a living, one needs a stable income which is why a decent job is still necessary. There are issues present still in this industry which should be an enough caution to investors. But it would be worse if the only thing you would do is to focus in this industry; there'd still life outside. If ever this blockchain will be banned and prohibited in your country, and if this industry would fall, you have to make your own move to still be able to provide something in the table than to push through against limitations.

Possible to hit both. Correction could always take place especially if the reason behind an increase, is not that strong, enough to push a long pump in the marjet prices. Right now the market price is more likely to be back at $20k. $30k on the other hand is possible to be crossed mid year but I cannot cite exact reason for this thing. The marjet is just unpredictable and full of uncertinty. The recent increase was not even anticipated by many investors. It just did, and eventually influenced the demand towards other cryptocurrencies. Right now wherein the market is a bit retesting, the next price movement is hard to predict or even assume.

Technically, there's none. But it has a responsibility on it. Engaging with investments at the early age for sure has its own limits. You'd be more often at edge of losing unlike with having a job at the right age wherein you'd atleast be able to endure losses on your investment. In any field of investment, there would always be risk present. Which is why it is always being reminded to us that we should only invest an amount we can afford losing simply because there's no certainty of profit especially to this industry wherein market prices of most crypto are too volatile. Ofcourse, knowledge into what you are engaging youself with, will always be needed to give you a start.

That is how addiction works; you became unaware that you are being to hooked up on a particular thing and the moment you'd realize is when you cannot independently stop it and is needing professional help. Everyone's aware of the down side of things but why do they still continue? because they have their own purpose which is to gain profit from this industry. This drive simply pushes them to cross that caution. They are simply taking the risk straight forward. It might be cliché to some but you'd only understand it once you are in such situation. Likewise with vices; for sure you know someone who smoke which believed that it is a bad thing when he was a child but ended up being one. So in this matter, try to be more considerate; we are all going through different circumstances which pushes us to embrace risk.

The question is for what purpose are you sharing this technology? It would be better to break expectations than to have high hopes to an extent they would assume that much from this industry. As we all know there are still issues such as volatile market price and prohibitions of its usage to some countries. Regarding profit potential, indeed this technology could really be beneficial IF they would have the knowledge to make use of it. With that being given, they should as well invest on more knowledge before their actual engagement. For sure we all know someone who thinks this industry is a scam simply because their expectations were not met.

There are several factors affecting a market value of an asset which solely depend on demand. Each year indeed, there is quite of a pattern on period but I agree that same thing won't happen exactly as if it is repetitive. This market in general is way too unpredictable. Comparing is a good thing even if there will be no certainty. Common belief is enough to somehow from that slightest pattern. Perhaps halving; what happened before left an impression and as the next one is being anticipated, there is still that hype which would be taken advantage by investors. As mentioned, outcome won't be exactly the same but atleast that common belief could as well reflect to demand.

This technology is so complex. The nature of market price volatility itself cannot be mnipulated so how come would it be?Prices are highly reactive to things which cause hype. This is simply because value depends solely with demand. An individual like elon has the credibility and monetary power to prove his claims which easily convinces many small investors to follow into him. Then a wave will be created resulting to a trend. Try it yourself, doing the same thing. Not all people will believe you because of your impressions to them. People are easily following such hype things because of the influencer's image. Wherein all of these would fall under category of persuading individuals through self image.

Quite true BUT consider the idea that people engage with this industry when there's a hype or news positive towarda this industry. This somehow breaks the idea. Perhaps right now, many people are just observing how the market will behave on the next days to come. They qon't continuously engage to this industry in a consistent manner. Domino effect is more obvious; market prices will be hyped then possible investors will be interested. Consistency still is lacking simply because volatility is its nature. Profit from riding the waves, is simply the idea which keeps investors coming for it. If we would based on its long time run, then that is indeed true; the market price is continuosly growing.

If it is possibility, then there is a chance. Problem is lqck of assurance. Doge , as far as I know, has no utility which means that its market value will only depend on hype and demand which makes its market price unstable and unpredictable.The market price will only go up if there will be a push into its name just like with influencial personalities such as elon. But other than that, its market price won't be pushed upward. Meme tokens has a high rate of increase especially during bullish trends but problem is tendency to collapse everytime there will be a pump. Unlike with tokens having utility wherein the market price would be sustainable no matter how the market behaves.

Purpose indeed would matter. Purpose of saving should meet your lifestyle. This tackles the idea such that for how long should you be saving? If you are saving for emergency purposes, then the answer is until that time of need occur. If you are saving for a car, then until you can buy one. There's really no problem with such thing unless you are seeking for bigger money from your savings and that would be through investing into something profitable not only by saving wherein the amount will only be stacked as years go by. Investment and saving are two different things. One would work to some but won't to others.

The intention is there already. But what makes me curious is the overall sustainability of a business or a job perhaps, if payment will be in form of a digital currency which has a volatile market value. In terms of transaction speed and fees, no doubt this would be advantageous. But, the money you'd recieve in form of Bitcoin will be surely needed for maintenance and daily expenses. During a market price downfall, holding indeed is an option but problem is how long? In order to sustain a business you should have a continuous flow of money and if there will be times wherein hesitaion would be present, I think it would be a problem.

Imparting knowledge means responsibility of the information being transferrer to another people. If you'd be biased, then there is a high tendency for you to put that people you are trying to help, on danger. It should not always the positive things you need to emphasize but also the negative to prepare and for that certain individual to manage their expectations. Since it is knowledge on bitcoin which is being shared, emphasize the risk of engaging into it. People might get their hopes up because of the profit potential but never instill to them that it would be easy to do so. This is to let them know as well that there's no such thing as an easy way to be rich, which is a misconception in this industry.

Just put more cautious into it. If you are using online wallets or exchangers as wallet, then avoid accessing unecessary and unfamiliar sites because malwares may access your device and eventually have access to your account. And if you are using hardware wallets, never put it in unsafe places wherein you'd forgot it or lost it. We are talking about money and that is an enough reason for you to be more careful of it.
There are even instances wherein investors have lost their hardware wallet. Remember the guy who accidently dumped his hardware wallet and eventually made efforts on finding it? In hardware wallet I think it is oneself which would be your biggest worry. Putting it in places wherein it won't be secured would definitely put your assets at risk.

Guilt probably? Payong in Bitcoin is doubtful to most of the investors in this industry. Reason is simply profit potential. Hding will generate profit ofcourse, especially during market price increase. Which is why some users do prefer using dtable coins for transactions. In such they won't hesistate since they are simply paying the same amount of a certain value. This is also the reason why Bitcoin's emergence and adoption is being slowed nowadays. People would prefer using this chain as an investment because it is more beneficial. The tendencies of this technology being used for payments are probably on big transactions to avoid taxes across countries.

A good amount for a start but be sure you can afford enduring the market price volatility in this industry. It won't always be upsies given how volatile the market price is. There will be times of corrections and market price downfall. If you cannot afford seeing how the market behaves then ease down I guess. As mentioned, you are a student; I've heard cases wherein students are investing their allowance and even tuition fees in this industry which will never be right and tolerable. Just think of times wherein you'd be needing that money and you cannot sell because the price is still low. This is simply the unexpected but what is usually happening. So be careful.

Possible but I think it will take a little longer than stated if it would be exclusive to cars or any vehicles. Right now e-scooters and the likes are being a trend. What slows down the process is simply electricity being expensive still at the present simply because resources of it is still not as accessible as supposed to. Also, I doubt diesel and petrol would be totally replaced especially to industries given that natural resources will always have its use and function aside from being cheaper than alternatives. But since we are talking about cars, this will come into reality once it is less expensive than the usual source of power for vehicles.

Are there other reasons than to earn profit except for making huge transactions while avoiding taxations? I think reasons of people from holding will only revolve around these two. Bitcoin is simply a digital and decentralized currency which may be used for transactions but is also an asset wherein there is a tendency for a market price increase over years, problem only is market price volatility. Given that the market value is solely dependent with demand, it is not surprising that its value will change from time to time depending on events related on this technology or industry in general. But many investors are making a way to make use of this volatility and to generate profit so I guess there's no other reason.

If there will be a follow up pump in the price I guess it is possible for a $27k market price for this monthmAs we saw its price suddencly climbed to $25k which even pulled up mostof the cryptos price. I am not sure yet of the reason but sudden price increase won't mean consistency especially if there will be no strong reason to keep it on upward motion. Correction may still happen. Therefore, I am quite taking a pause whether to enter or not. I prefer waiting for a more visible trend line before I make my ion towards market behavior. If there will be adecline then that would be fine by me to invest more but if it won't then that'll leave me no other choice but to cope and enter midway.

If you are planning to sell eventually, then adding an amount whenever there is a pump in the market price would be a good idea but if you plan on holding it for a long period of time, wait for the pull back then and if not, just let is stay in that amount. Because instead of profit, it will just be lost trying to increase your asset halfway once a correction occurs; happens a lot and without certainty of its occurence. It is indeed good to desire a bigger profit but if it will just add risk and if it is not supporting chances of bigger profit, then it won't be worthy doing so; the bigger your asset, the bigger your partial loss could be once there's a dump with the market prices.

Compare or use other digital currencies he/she knows then emphasize the difference. Mention always market price volatility, decentralization and anonymity to somehow get started. Then engage with the downsides of losing an amount. This is important for them to be able fo manage their expecttions than to be carried away of the profit potential then eventually panick whenever there is a price correction which happens a lot given that its market price is volatile in nature.I think explaining would be better if you won't focus on the good side because your purpose is to just explain and not to persuade them.