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The media wants you to panic. I remember when they news only reach the members and users of crypto and the FUD don't hit so hard. But because these big groups of media is good at manipulating viewers, they can turn a situation that we should not worry to a thing that sounds like a catastrophe.
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Your prediction that crypto will end is just another one that will be added to history of people who are panic sellers. A lot of said it in January but we are still here and now there are still doing it again and they will be surely be proven wrong sooner when things go crazy pumping again.
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This year the price of bitcoin has dropped for a long time, and don't know how long bitcoin will be like this. I think this is a year of challenge from bitcoin, those who are strong will stay here and the weak will leave, this will be an option to determine the future.
It might be a challenge for newcomers on the cryptocurrency market but for us who has years of experience, this is just another bear period we hate and we just want to see it end. If we look at whole picture, this is part of the rise and fall and we are just passing the fall and rise is coming next. |
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It's always the transaction time for me. I would be glad if people decided to shift to another altcoin that can handle this problem well. I really don't think it will be fixed and it is going to be a huge hindrance to achieve adoption because everyone's time is precious and they cannot afford to waste just to wait for hours for the transaction to be completed.
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When the price drops, there are many bad comments coming from different directions. The Newbies are most affected by this. Because if someone wants to invest, they are lagging behind for those bad comments and they are afraid also. Is this reason their Confidence Level is not low? I think we should stop our bad comment about Bitcoin. We will also benefit from this.  I admit that when I was new, the negative news that I hear in the midst of bear period affects me so much. But when I thought it about now, I would not be as strong as I am if I did not experience that in the first place. So I think these newbies needed it so they will became a pro investor in the future. |
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My strategy has been broken because the only thing that rises back and fort is bitcoin and I don't have much money to trade bitcoin. Only wealthy people who benefits from the fluctuations of bitcoin on the last couple of months. I'm stuck to the no choice but to hold strategy until the market gets awakened again.
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I'm sure that he's not the only who did mine or bought a lot of dirtcheap bitcoins back in 2011 and then forgot the file to access it. I know this is strange but this is a usual thing to happen because of the fact that not all of them took bitcoin seriously and expect to go big like what it is now today.
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It happened only on a few agencies, but this is not global, you can not go to a carshop of BMW and try to buy one of their cars with bitcoins, because they do not accept it
But you can't deny that it is a big step for for us who pushes the use of bitcoin. We should be glad that it already started and people will tell themselves that "I think I might do it too". Until every people around the world brags on how it feels amazing purchasing an expensive brand of car with bitcoin and you are the first persons who did it through history. |
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The solution is having the right knowledge on how to protect yourself. Even banks and their customers are still vulnerable to skimming and phishing so I guarantee you that your coins are still not 100% safe on decentralize exchanges. Equip yourself with prevention and the right tools to make it happen.
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What are the measures to keep your private key safe and in memory ? Are there any alternatives to retrieve the key back ?
Don't memorize it because it is going to be very hard. Just keep it safe in a hidden place that you are the one who can access it. The only preventive measure you can do it to make two back ups. If you lost one, you still have another one and it should be written on a physical paper and not stored digitally. |
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Loan in cryptocurrency would only be advisable if it stablizes in price but I don't see it happening for the next 5 years. We still would do loan with banks and credits too. That possibility is still very far before it becomes reality because of many complications.
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I won't be so sure about that. I know that old timers needed some profit too and they can't for a long bear period that will take years and then another year before it can recover. Especially those countries that are getting taxed now with their crypto profits because the longer they hold, the amount that they need to pay for its tax is increasing.
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When you say dangerous, it already says that their life is on a great threat so I don't agree. The risk can only be determined on how much money they are investing on bitcoin. Because even they are newbies, not all of them invest a lot of money and there's a chance that only lazy people are doing big bets on btc.
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That what stupid person will only do. I've read somewhere that don't decide things when you are so much happy and I have proven that it is really true. Because those people that bet all their money in crypto or even their houses felt that bitcoin just continue to go up and they are on their 'high' moment when they have done those things.
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I think every year is repeated. And at the end of 2018 with new volumes will jump even higher than in 2017.
What happened in 2017 did not happen in 2016 so every year is not repeated. But I also feel that new volumes will enter the market because the situation has become a crisis but the greatest factor that we' have is the attention around the world. We got a lot of financial institutions in our side and they are going to pour a lot of money really soon. |
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I think a lot were also discouraged because of the recent hacks in exchanges even the decentralized that made them leave. I believe we are still in the gloomy days of bitcoin and there is still a huge uncertainty about the tech but I know that after a few years it will be sorted out and those people that did not leave and stay through it all will surely be rewarded.
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The second option is more profitable. Just look at the charts. Bitcoin just goes up and down and you could easily made a fortune and go for a vacation right now or hold and wait much more and lose all the time where you could have been spending it with more quality. The time that you will waste is only the difference between the two.
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It is none other than bitcoin. We all know how hard it is to sell a property to a perspective client but in bitcoin, you just need to find an exchange. I also want to have a property but as my assets and I'm not selling it unless a shopping mall will offer a lot of money me.
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The primary idea bitcoin is still here. We are building the trust gap that we'll connect each and everyone. Bitcoin will make us trust each other when we transact and the makes us very easy to remove the barriers like our wrong perspective when we meet people. The Chinese and USA that wants to fight each other can be saved by bitcoin.
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Agree but stupid and dumb people still see it as a quick-rich scheme. Because you don't really have to work to make a lot of profits on bitcoin. It as about patience. Lazy people really like that. Even there are risks, they don't care because they know their goals will be met which is really not good for them.
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