Obviously buying cryptocurrencies for me is and investment. If I deposit $1000 in any bank they will give me return of around 7% per year, if I deposit my money with any private investment firm they may give a good return but money is always at stake. Investing in cryptocurrencies may give me a good return longtime, although its also a risky matter when there is downtrend like 2018 but still if you plan your investment with strict SL you may get more profit than banks or any investment company. Before investing one should check the project its reliability and its roadmap, investment in any shitcoin can eat all your money invested.

Trading is not that simple as it looks like, its very tough to predict the market, so newbie has to study the market deeply before putting real money into trading. Even following signals from paid group is not recommended, they charge from you and play with your money, sometimes they may have good trades but not everytime, its your money which you are putting on risk, paid services people will not lose anything in negative trades, so before going for paid signal services first take a demo for some days and check how accurate their signals are.

If we talk about technical analysis trading then Forex trading and Crypto trading are not different. You can predict crypto price with the same indicators/chart as you predict forex market. If we talk about overall market scenario then I must say Forex market is much much advance than crypto market. Volume in crypto market is not that high but in forex market volume is very high, one need not to wait for buying or selling anything. Trading tools  in forex are very advance, MT4 trading terminal allows you to add many technical indicators for technical analysis, it provides facility of closing the trade with single click. MT4 mobile terminal is also very advance but in cryto I have not seen any such terminal yet. Crypto market is in early phase, it will take a long time to have advance features like Forex market.

I am trading forex for last 5-6 years but I am not successful yet although I have studied lot material related to technical analysis. Trading is not that easy, one can make profit for continuous 10 days but its very difficult to retain this consistency for a long time. With knowledge of all technical terms one needs to learn, patience,discipline, controlling emotions, controlling greed and fear, if a trader is lacking any of these factors than its very difficult to for him have high winning percentage. A good trader should know when to take trade and when to exit and it comes with experience only. Try analyzing market everyday before putting real money.

If your investment reduced to $12000 from $36000 then still you are in good position. One of my friend is holding around 3.5 M -4M NPXS since the time when it was more than $0.01. His portfolio of NPXS alone was $35000+ that time but with the market downtrend, NPXS price reduced like anything, now NPXS is trading at 14 satoshi and with this price his NPSX portfolio is now $3000 -$4000 and that is huge loss. He is still holding it with the hope bull trend will be back, no trend can exist forever.

I completely agree with you. One cannot be jobless for the sake of joining bounty campaigns and earn money from it, I have practically experienced it. In late 2017 to early 2018 I had good income out of bounties, it was like 3-4 times from my salary in just 6 months, I was planning to exit job but did not do it, later downtrend came and most of my coins lost value, still I had 4-5 projects running and I was hoping to get money out of it. In late 2018 due to some issue I had to quit from job and I thought I would be getting money from bounty projects which I have already completed but opposite to my expectation 2 projects went scam and 2 projects have not paid anything yet, the only income I got from 1 project was around $150, so I decided to come back into job and thank GOD I luckily found it. Its not recommended to get dependent on bounty income unless you have already withdrawn a good amount and kept it safe as backup.

If you go to study trading rules, greed and fear are mentioned as two most common enemies of a trader. When there is a null market and a trader is running into 100% profit he does not sell there and does not even lock his profit rather he goes for searching of next target as he wants to make it 500% greed does not stop him there even it touches 500% and one day it drops like anything and trader keeps on waiting for this recovery but unfortunately it does not happen and in fear of losing all his amount he closes the trade in loss. This is the story of most of the traders. Trade should be taken with a proper plan so that no factor like greed, fear or emotions effect it.

Surely IEOs are better than ICOs. There were lots of scams happened in ICOs in 2018 and investors are really tired of it. IEOs are now a good option for investors as product offered to them is genuine. An IEO on an exchange runs after completing the exchange formalities like KYC so there very little chance of IEOs scam. The only problem with IEOs and ICOs now a days is price gets dumped as soon as it hit exchanges, majority of people are not ready to hold any toke for a long time due to recent downtrend and due to this fact investors re not showing much faith on crypto market.

Patience is of they key factor if you are trading any financial market. Traders at this point should not sell anything in panic, market is already in bear trend for a long time, although Bitcoin has recovered a bit but there is no clear signal of bull run yet. I think its the time to hold and wait for for the right time. Market may recover in coming months. A trader should have pre plan to close traders whether it goes in profit or goes into loss. A proper trading plan can give a good profit in  long term.

Due to decentralize nature it is not possible to track transaction on blockchain, this is one of the reason govts are not interested in making Bitcoin a legal currency, implementing taxes on bitcoin transactions is bit difficult in this case but there should be some wayout if govts try to accept Bitcoin and other popular cryptocurrencies. Another reason behind non acceptance of Bitcoin is it may badly hit the banking sector of any country as transactions of blockchain is easy, secure, cheap and fast, may be due to this fear most of the govts are not interested in accepting Bitcoin as of now.

This is a bit old news, someone has already started thread with similar topic somedays ago on this forum. This is indeed a good news for cryptocurrencies that developed country like Canada has started accepting property taxes via Bitcoin in few cities. I hope govt will implement it in the entire country once this payment method is successful. Due to its decentralize nature, fast and cheap transaction, people will love to pay taxes with Bitcoin. Very soon other developed countries should start using cryptocurrencies in govt transactions.

Funds get held into escrow once trade is initiated, if you have done the payment and seller is not releasing escrow, you can immediately report the matter to localbitcoins. After showing required proofs escrows may be released to you. Seller cannot get these funds back I believe. Transactions are only to be done with trusthworthy  people on p2p exchange, if seller/buyer has done number of transactions have have good percentage like 98%,99% or 100 % positive feedback. For such a big transaction I recommend only to trade with persons having 100% positive feedback. Localbitcoins is a trusted site, I hope you will receive you BTC.

When there will be growth in BTC price every statement against it will be take U turn, so just ignore such statements. BTC is into existence since 2009 and it has seen many ups and downs of this market, its still surviving and being widely accepted. Fudders are there to create fuds we need not to give them must attention and move forward. I remember it when BTC was around $1k and people used to say that it is very costly at this moment let the prize of BTC come down then we will purchase it but it never came back to their desired level and touched $20k. Its better to analyse BTC but it should be based on some facts.

Its nice to hear your story mate, indeed its not only you but many people in the world who have earned a plenty of money from cryptocurrency, if not a big amount even then a satisfactory amount they have earned. I am also from India, although I was not jobless but was in deep debt due loss in forex.I also thank to bounty campaigns from which I earned a good amount and came out of that deep debt. Bitcoin and other cryptos served as Savior for me, although I could not make myself completely debt free but that was my own mistake. I did not sell my tokens when they were of highest value and then there was big crash, however I hope crypto market will recover and altcoins will regain their values.

Warren Buffet may be legend in his field but he is not only the legend of financial market.He is free to express his opinion but it is not certain that he is always right. Bitcoin is continuously growing since 2009 despite of such statement by big banks and market legends like Warren Buffet. He might have studied about blockchain technology but may not be aware about acceptance of BTC by a large number of people in the world. Bitcoin carries a real value and can be exchanged with any currency, Warren Buffet should learn it.

100% profit in trading is very difficult to achieve infact I do not think that anyone can trade w/o loss. Trading is the art of achieving high winning percentage and losses are integral part of it. Another part of trading is cut your losses short and let your profit run. A trader should know where to cut the position inorder to have small loss on that trade and how to protect the running profit.All this comes out of trading experience. A trader is not born but experience makes a person a good trader.

Thanks for your quick response, just to tell you Bitrabbit exchange is listed on coinmarketcap, it is at no 63. HBRS token is newly launched token and has applied for coinmarketcap but their response is awaited.

Anyways I respect your rules, thanks.

Edit: I would like to know if NPXS can be considered as valid collateral.

Loan Amount:0.035 BTC
Loan Purpose: Personal
Loan Repay Amount: 0.0367 BTC
Loan Repay Date: 20th April, 2019
Type of Collateral: 250K HBRS (listed on https://bitrabbit.com/markets/hbrs_btc, https://bankcex.com/exchange-base.html?symbol=HBRS_BTC)
Escrow profile Link: None
Bitcoin Address: 39dN3fcqvnx2zvZadNc1jUnKeuXpfab48U

Indeed this is a good platform where any trader can test his/her strategy w/o investing real money and also earn handsome reward. It would be like ice on the cake if you introduce some referral scheme. In forex most of the brokers allow demo trading whereas in crypto it is lacking, its a nice step to introduce such demo platform where rewards are real. I also like the option to mention the reason behind taking the trade, that seems more logical, what conditions made trader to take that trade, it will serve as learning edge to newbies also.

Such statements were also made by China in the past I think if I am right they have banned cryptocurrencies there. Banning BTC mining will not have much affect on crypto market due to its decentralize nature. Not only China but many other developing countries see BTC a threat to their own currency this may be the reason behind such statements. In real scenario BTC is being accepted by mahy big names and many countries like Japan, blockchain technology is being implemented by many big banks so the day is not far behind when China will accept BTC existence.