Yeah I dont think choosing trading over work is a wise choice to make. A day job will give you a fixed income per month or per week but trading does not guarantee you any such earnings, the graph is more ups and down than a stable line.

It is a personal choice though. I know many professional traders making a living out of it, but we tend to forget that such people are only a handful and they usually started trading a long time ago. One cannot just start trading today and leave their job at the same time and not go bankrupt, it does not add up. So if one wishes to trade, keep it as a side hobby and gradually grow on it. Dont sacrifice your stable income for that, that is a foolish thing to do.

Lack of these insights is the reasons behind going "rekt" and ending up in debts.

Well there was a crash on the last Saturday morning and the that was in three hours time crash to 45k and therefore I would assume someone bailed hard. This was not a correction because that would be gradual and more organic than this sudden dump.

After this the buying trend had come back in again and currently the price is back at 50k, we should be expecting some more dumps to happen so keep buy orders open at lower prices of 45k and 40k like I said in my previous posts.

If the level of 55k breaks and goes up, we can assume the bull trend is back in once again and that this dump had nothing really to do with any sort of "correction".

More risks, more rewards is the way I see it. However it makes the grounds less forgiving to mistakes done commonly by newbies and the less tech-savvy. Now the investors in fiat markets also face a lot of risks, they are not free of it. But some types of scam projects would never dare to attempt to enter fiat markets because the SEC or any other regulatory body would wipe them out instantly.

The point is that scam altcoins and failed projects will always exist, but the investors need to learn how to skim off the good ones from the top and not looking down at the bottom trying to buy something that is new and less known.

We dont need more and more junk coins to clutter the aggregator sites. Hence it is better to just ignore majority of less known altcoins and focus on the ones on top.

Simple answer, if they dont know the private keys your coins would not be able to get accessed by anybody. Hard truth, the coins will be lost forever.

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So the simple solution to this is allowing your next of kin to know that you have bitcoin or altcoins and teach them about it. At least teach your wife about it and how to at least access your wallets in your "absence".

After that you can make sure to teach your children once they are having a robust understanding of blockchain and how crypto works and then distribute the coins to their wallets.

Indeed there is no inheritance system for bitcoins. You have to do that yourself. But give a read to the "Locktime" post by LoyceV as posted by @BlackHatCoiner.

None yet have been able to do anything worth an impact.

That would be long shot, a better system would be like mortgaging their land to investors and investors can by shares of that land in tokens. The basis of that token would be the land and the income from that land would be a proportion of the total produce.

I know, a lot of unforseen things that we non-agricultural people will never be able to comprehend. Such accidents are common and that will logically reduce the produce from such lands.

Exactly the point. Just by adding blockchain (and previously hyped buzzwords like cloud computing) does not act as a magic bullet to every problem. Farmers and agricultural lands have their own problems that need to be solved by them with help from the governments. Only a handful of them might be able to go for a crypto venture if they have knowledge of such and having enough funds to start. It would be rare and I dont think the poorer countries would be able to afford that. They would rather stick to their lands.

How did the word "Airdrop hunters" even come in the first place? It was supposed to be a sort of appreciation token to show off for those who took part in promoting a project and got that in return. While there have been bounty projects for the same, there is little difference between these two. Now when you change a participant to a hunter, you are basically making this a job-hunting spree like, which it was never meant to be and that is why we have so much of spam surrounding projects in social media.

I think there needs to be more strict control over what they are posting and how they are posting. Although there would be a massive outcry if any policing is done here considering the crowd.

But airdrop hunters and bounty hunters should assume every project as failed before they start so as to reduce the frustration that happens afterwards.

It does not take much to prepare a new website with a similar name. What the intent of the website is it not easy to discern. Usually such websites usually use the name to get SEO.

Now whether you should consider it reliable or not is a personal choice. I personally dont look at youtube infuencers and shills for advice because it is worst sort of advice which is going after hype trains. I would rather do my own research on coins and assets before I invest, so I know that I can only blame myself for losses, if incurred.

For just reading the news, you can use the older and known sites more. It is niche genre and difficult for competitors to gain an edge without support from bigger companies like exchanges and casinos. So keep an open mind, but dont be too open to shilling advisors.

Yesterday's price dump in the early morning is still correcting today. I would consider that to be a nice black friday continued discount to bitcoin indeed.

If OP is still thinking about buying, these are good points to enter - 45k and 40k and anything below that. Dont take this as financial advice though, do it on paper and see how it goes and when it crosses these points again.

This was probably the first dip that happened this month and possibly many more to come. Some group probably bailed hard and the effect was a lot of panic. These are brownie points for traders, if they have assets at hand they should buy and hold at that point.

Majority of the community on twitter is made of altcoin fanatics. The discussions there are rarely coming from bitcoin old timers. To a great extent the altcoins that have been created have been junk and only made money for their creators and not the investors by their hype induced rise. With that context, the tweet done is on the right track - but to bitcoin maximals, this might seem off and rude.

So what you are seeing as a "leet" community may just be shills for the next shittyinu coin.

It is best to disregard such discussions and follow what you believe as the future of crypto. Personal choices and all.

True, market is making more sideways moves than up or down. I would expect this ambiguity to reside for a short while till the cryptocurrency bill in India gets launched properly and the panic that is has been inducing dies down a bit.

Price has already gone down to 48k this morning. I think we are seeing a bit sell off due to some reason currently unknown to me. It would be wise to think how we can use this to buy some bitcoins right away and then wait for the next price rise to happen. This happened in the span of a few hours. We can assume this to be some big whale dumping and exiting since the pattern was not laid over a longer period.

Bearish trend it has become, not a bear trap anymore. Lets watch closely and buy at lower levels so we do not regret when the price goes back up again.

My honest opinion regarding this is:

Staking - You have to pledge those coins to someone to earn the profit and it remain as long as that coin is "trendy". Once the hype dies down or the owners wish to scam their investors, then you lose your investments. There needs to be the market to sell your earnings too and if the earning is in the same coin, there will be monthly dumps happening and it would be difficult to reach a break even ROI. Might not be true for all coins, but this has usually been the timeline for every staking coin. The only explanation of why some people take part in their is either they know when to exit or they are newbies and are jumping into everything. Staking to me is more similar to ponzis.

Mining - In order to mine, you need mining equipment and they are costly, but they are re-sell worthy too because they are hardware. With mining too the "trendy" altcoins get the higher attention and when they bust their bubble they become worthless, so it is also a rat race. But in the end you at least have some hardware to sell in case it did not work out or mine another coin, in other words jump into another rat race.

The better thing is to buy the altcoin low and sell it high. But doing so is another ballgame.

Give them a couple of days to check their PMs and acknowledge it. If they are in with the scammers, they will not respond and continue promoting the bounty. The last login was on December 03, 2021 - so I suggest give them at least one more day. It could be possible they have contacted the owners of the project and awaiting response. This usually ends bad though, I have rarely seen any legit project come up with the above problem in the first place.

If there is no response in the meantime, then opening a flag on their account is appropriate.

It is sad to see that people accept such jobs without doing a research on the project.

Starting point does not need to be trading on the market. You can start paper trading with a virtual capital on paper. Try it yourself and you will find out what is going wrong without actually losing any money in real. Gradually you will need to move to real life markets but you already gave yourself a headstart and therefore the "challenging" aspect of it is reduced.

We should not consider "challenging" as something bad - rather it is an opportunity to start a new thing, that gives one hope.

You will develop experience more on real life markets than on paper but this takes time and it will not happen overnight. So thinking about gaining experience is a waste, let it happen on its own.

I learnt trading mainly from watching my parents on stock markets. Both of them were very much involved in trading and learnt the lingo mostly there. I got into stocks after I was responsible enough to handle money on my own and have done well on that and now I am also into cryptocurrency apart from a daily job.

How I did learn about crypto is through reading charts and watching the markets move on the basis of older S/R levels and news about crypto. I am still learning and it is evident that learning this has no end, only how much you can muster.

Simple things my folks taught me, not to be greedy and being honest about your mistakes and correcting them have helped me a lot in avoiding scams and decision making.

Not surprised to see another project with a copied web-page and whitepaper getting busted. Someone was promoting the last one and they were legit enough to owe up to their mistake, I hope @MrCrank is also going to do the same.

Copied whitepapers should immediately raise suspicion of being scam. If the "team" responds that the person hired to develop the whitepaper did some mistake, then the fault lies in the team's mismanagement and they are very much answerable to it. Bounty managers end up in a bad situation not because they want to take the job, but due to lack of transparency that such projects have, after all because they are scams in the first place.

I hope the manager corrects their mistake and stop doing this bounty. No excuse should be entertained from the team, they misled the bounty participants.

So is ZexNetwork the only account representing the forum presence of this scam project?

I am thinking if there is possibility of creating a flag on the account from anybody's side so we can mark them. It is possible by the OP if they had been promised money on exchange of their work and then they we exposed to be running a scam.

In either case I hope @usekevin has understood their mistake. Copying whitepapers have become a common method to run a scam in the last two or more years. They give the same excuse that they hired someone less experienced on getting caught and vouches to come with a new whitepaper in a couple of days, after which they either ghost the forum and copy someone else's whitepaper again.

I honestly feel bad for the bounty manager and their participants.

This is also the reason behind a large number of social problems in this world. Politicians also want to keep their population to remain illiterate and stupid so they can run their propaganda. The only solution to this is having a logical mind and learning new things everyday and using the knowledge to question others motives.

With that mindset nobody would actually trust memecoins and their creators anymore. Heck they would not give their money to any ICOs or keep their coins stored in exchange wallets when they dont need it.

Come to think of it, illiteracy or lack or knowledge is the big reason why scams run rampant. Hence our approach should be to educate and inculcate the art to detecting such worthless projects by new entrants of the market.

I see and I understand what you are trying to express. Indeed it should give you much joy seeing your own children get involved and want to know what the lines of text on your laptop screen mean.

I would still keep it the fact that they are "curious".

Although not completely related, I would like to remind you that app creators make sure to introduce colours and shapes in order to catch the attention of the human mind. Children are most affected by this and that is why are always getting interested in such "apps". The theoritical basis of trading might not appeal to them right away.

Good for them. I am sure they will do well since their father is already knowledgeable about crypto. I got into stocks first from my father at a similar age but traded much later after I was an adult and now I teach him about crypto so I can understand your position and I appreciate your work too.

It would be wrong to think of all scammers to be a part of a big network. Their motive may be same but they are defenitely not related to each other in every case scenario. The point is that a criminal can sleep soundly at night and that is why they need to be punished. If there is a method to easily fool people and steal their money, some people will attempt to take advantage of that and therefore become a scammer in the eyes of another.

We can do only this much and keep out close ones aware, keep reminding them from time to time about possibly security measures and how to deal with people on the internet. Beyond that cyber-security is something that every persons should learn in a bit of detail specially in the sector of cryptocurrency where the lack of regulation has lead to rampant scams.

Just listen to what your folks have taught you: Never get greedy about money and listen to your conscience. That one line is enough to protect most people from scams too, if they have presence of mind.

Are you for real? Your 4y old child or are you just making up stuff in order to post? - while there is not problem in doing that, it does reduce your credibility and I dont think kids should be exposed to speculative asset classes at such early age, rather this age is the time for them to learn.

It would be a bad decision to allow the gambling mindset to set in your child at such young age. Rather you should attempt to provide them with a proper pre-school education, which anyone can do on their own rather than trading cryptocurrency. In many countries even majority of adults dont have the brain to explain what crypto is to others.

Gradually when they become old, they will know about crypto on their own. For them it might seem like a game at this point and that is the risky thing. You dont want them to think it is game, because it involves money too.