it is not rocket science! so anybody who is willing can learn it. just you should know that it takes time to reach the stage that you can consider yourself a professional trader and then make a good amount of money from doing it. but it is possible if you are willing and have time to spare for learning and then for finding the good coin to trade.

in this particular case, what i prefer does not matter at all. i may prefer to have all my money as bitcoin but as always, reality is a lot different than what i wish for.

i need money to spend for my daily needs and pay for anything that i have in mind so i can't really have my money in form of bitcoin, and i still need cash.

directory.io is like a bad joke from at least 4-5 years ago and every couple of months i see a new user around here saying the same thing (this time it is Full Member).

* if you have some small amount of bitcoin knowledge you can see how wrong you are

* if you don't have that, but if you are not too lazy to search you can find out how wrong your are again (this question has been asked a thousand times and explained 10 thousand times)

* if you don't want to use any of the above, then if you have a brain do some calculations: this site was created a long time ago, if it really contained all the private keys don't you think people have emptied each other wallets a million times by now?!!!!

miners who are mining for money, don't care about this stuff. all the drama about altcoins being bad, scam, pump and dump,.... are for traders and drama lovers around here.

what miners look for is profit and how much money they can make, and as we can see a lot of miners are mining altcoins. and any new miner like McAfee may not be doing it in the start but they will surely do it to maximize their profit.

it is simple and only one word: "manipulation"

the first period of ETH pumps made the owners super rich, because they were holding more than 80% of the coins as a premine-ico kind of thing and the pumps helped them make millions of dollars out of thin air.

now they continue making more money with the money they have earned. if price is threatened in any ways you can clearly see the huge buy walls go up. of course this is if they want to prevent a massive panic and dump.

even if you got lucky and earned some profit (even big profit) from an ICO investment that still does not mean ICO is a good thing.
you can simply look at these investment that were successful for you so far and see how many of them are still as high as the first pump?
thy all die because they are scams and a quick way of making money for the owners, premine holders and pumpers.

so far, luckily there has been no laws about using bitcoin. so i am glad that i don't have to decide about this question in reality and it is only hypothetical for me so far.

but in this hypothetical situation, i think i will still continue using bitcoin, even if it were illegal to do it. but if i wanted to start using it and it was illegal i don't think i would have!

if you are looking for profit then put cloudmining out of your mind. because in 99% of the time the cloudmining services you see poping up are scam and there is a very tiny chance that 1% is not scam but in that 1% the difference is that they will turn into scam because nobody can run a cloudmining service and make profit for themselves and their investors.

this is the desperate attempt into earning money and people like these altcoin developers you are talking about, exploit that desperation and fill their pockets with poor gullible people around here who are looking to make 0.001BTC into 0.002BTC

i doubt that!
most of the people using bitcoin are looking to earn fiat from it. that is why when you ask people bitcoin is currency or investment they all vote: investment!


i am a millionaire but if you are counting satoshis
but to answer your other questions, not not yet i sill have more goals to achieve with bitcoin that i am not yet close to.

i don't agree with the last part of what you said.
bots are for making things easier and 1000 times faster, and also in so many cases you can use bots to eliminate mistakes. because humans make mistakes either because of being tired, distracted or even emotional, all of these are eliminated when using a bot.

nobody ever left bitcoin to come back so what you are saying here is wrong.

although from time to time there is a big pump happening in some of the bigger altcoins but in the end there is only investors who go there temporarity with their money to double, triple,... it and come back to buy bitcoin with a lot more money.

but it is never because of the problems altcoins have because those problems always exist and that is why none of them ever grow.

the thing about bitcoin is that you can never ban using it. on paper it is possible to call it illegal for merchants to accept bitcoin but in reality what happens is that people are going to continue using it.

you can see on local boards that all the countries have a board there and even those countries that have banned bitcoin have a board and a lot of active members.

the idea of bitcoin giveaway through giving away paper wallets with private keys and some small amounts on them have been discussed here before.

and in my opinion, i think it is a bad idea because people will sell the coins for fiat as their first act. it may help bitcoin become the headlines and increase the popularity for a short time and for a small amount but i don't think it can help the adoption at all.

exactly this is true!
there is another talk of hard fork for ethereum and also you should consider that we are in a bubble. if you look at the charts you can see that price has recently gone up a lot and it should have came down so here we are coming down.

to OP, you can take risks and buy tomorrow (weekend) or wait for the real bottom.

many who say China is controlling bitcoin are saying this because they see this distribution of hash rates but all of these are either new to bitcoin or have no long term memory because not so long ago this hash rate distribution was the exact opposite and US had more than 60% of hash rate and nobody was thinking bitcoin is centralized.

market cap is a crappy thing for comparing "altcoins" in the real world it is actually a good way of comparing things because the total supply in real world doesn't come out of nowhere and there is something behind it.

but in altcoins since you can change available supply with a single line of code then you can manipulate the market cap to stay up.

you shouldn't really hold that much money in the first place.

in my experience money should never be held, instead you should invest it. you may argue that having money in form of bitcoin is an investment on its own but you should remember that the early 2009 days are over and price will never rise like that and the only profit will be small profit you gain from small rises.

so it is a lot better to invest that money and if you have a lot like 12BTC then it is suggested to invest it in a business or start a business on your own.

reading some of the comments in this topic i have got the feeling that some people think bitcoin is like magic beans or something that you can use to reach a magical world!!!

it is just money and it helps individuals get rid of the centralized banking system and all the negativity that comes with that system.

first of all moneypot has not been having any good days for their investors. there have been a period of downfall and a lot of losses for investors which is weird if you ask me

also investing in casino bankroll is not the best option and it never was. you can make profit but the profit is not that big to interest many of us. also the risks that this investment has are terribly high.