All of us already knows that central banks wants to create their own digital money/cryptocurrency, and it’s clear that People’s Bank of China (PBOC) has done that already. But, the next question that lies ahead is what they are going to do after creating their own digital money, are they going to allow other decentralized cryptocurrencies to stay or are they going to try to bring it down?

Earlier this week I was seeing news that Chinese government are making it tight for cryptocurrency users, especially the miners to convert their cryptocurrencies to fiat. So are other governments going to do the same thing or will they allow them to stay?

I am not an expert and please correct me if I am wrong. I tried to search and found that the next halving will happen in 2024 and why are we talking about it already I do not understand. Yes the price will be bonkers by time we reach the next halving but I don't think the price changes much after halving like this time we all thought the price might rise a lot after halving but actually it didn't change much right after halving happened.

I have big expectations from the Bitcoins I hold in the coming year 2021 but that said I prepare myself for the worst and if good happens it only boost my morale and profits.

That is right and a change of administration does not mean changing everything at least not in a country like USA. I believe crypto is not going to be a topic of discussion in fact because they already have a legal stand towards cryptocurrencies and there is not going to be any talks about changing or altering something that is not causing problems.

The price might have been influenced a bit by the president being elected because people invest and divest into certain assets based on the election result but for sure the legality of bitcoins is not going to change much.

I don’t think there is anything such as secret when it comes to trading, it is open and clear and anyone can do it . There are no secrets you just need to have the knowledge, if you have no knowledge on how you’re going to do it, then tell me how you’re going to be successful.

Technical analysis should be something that you’re pretty good at. And secondly I don see anything wrong with copying other traders, it’s becoming a normal thing these days and people are benefiting from it. That you’re copying someone else in trading doesn’t mean you’re going to be winning all the time or lose all the time, trading will always be risky and unpredictable at most. But copy trading is still good

Nah, Bitcoin on PayPal is very limited and I don’t think it’s something a lot of people would like, especially for those of us that uses Bitcoin for a lot of things including transactions on a daily basis and also investment.

When it comes to PayPal you can’t do anything except to just buy Bitcoin and hold. Your Bitcoin doesn’t leave the PayPal platform and it doesn’t leave your PayPal wallet, which means you can’t send it to other PayPal users, it just sits there and you will be speculating on prices and nothing more, till the time you want to sell it, and they will sell it for you and convert it to USD. So, a lot of us are not going to like it.

The only reason "Nigeria" is known for scamming is the fact that there was a "Nigerian prince" scam for a long time, it is a base deal that you do not have to use the same thing, the scam idea is that there is this huge and important person who has a lot of money but they need your help and if you could help them first then they could help you get a lot bigger. This doesn't require Nigerian or gold or anything else, it just requires you to believe he is an important person and if you believe that once it would be same all around the world.

You could literally have a wall street type of guy in some other nation who would require a big capital, like 50 thousand dollars, in order to post bail and leave the nation to go back to where he lives (USA New York) and they could wire millions of dollars back if they could just do that, same idea, but the roles are reversed. So it is not just Nigerian, it is the whole world.

Obviously decentralized stable currency is something not that old, it is something brand new and with DAI and similar stuff it is getting more and more famous over time. However we can't expect it to be major standard in crypto world just because we think it is good, it will take time for better projects to come along and when they do end up coming we will use them as well, we just can't have it right away.

So, I would say be patient and I am sure that more options will definitely appear, meanwhile keep using decentralized stable coins so that other people would see how successful it is and when they see how great it is, they will definitely try to mimic what they have done and create a better version with better features in it as well and not if they see people not being hyped about it.

When you spread lies, there is really no censorship, you do not have the "right to lie if I want to" in free world, you do have the right to lie, but you also have the opportunity to face the consequences of that. Free speech is not something you enter with others, it is something you enter with government, you can say "fuck trump" or "fuck biden" and that would be free speech but that doesn't mean others will not say anything to you, they could still decide to fire you or not work with you for example.

Hence trump saying "I won the election" type of stuff while ALL PROOF from election officials and counts show that Biden has won, could be silenced very easily by putting "official results say the opposite" and that is not censorship, that is just fact checking.

In the case of making a choice between these two options I think it will depend on what I am actually buying, whether it’s a stablecoin or a volatile coin. If it’s a stablecoin, staking it would be a good thing to do so that you don’t just keep it idle for nothing, especially if you have plans to just leave it their for long time, with the staking you’re going to be getting some profit rather than having the same $1 worth of coin remain same $1.

As for volatile coins, staking them wouldn’t be a good idea, since they fluctuate from one position to another, the price can go down while it’s still locked and you will lose more than you will get from rewards. It’s best to just buy and keep in your wallet where you have full control.

At this point grayscale is not using bitcoin as a cash reserve but more like an investment. It shows the world that they are not afraid of buying at 16k neither, when they first bought it at 10k people were saying "of course they would, it went up 50%+ so they made a good decision to buy early" but these guys are buying even at the 3 year all time high as well, ever since early 2018 we haven't seen anything above 15k ever and right now we are at 16k and they are still buying as much as they can.

This is not just cash reserve type of situation, this is literally putting all your money into crypto and I feel like they are going to reach to a point where they will be biggest bitcoin owners in the entire world, since we don't know satoshi and no idea how much Craig Wright has, grayscale could be known biggest in the market.

The reason why people were so quick to jump (specially project owners) was the fact that they didn't want to miss out on the bandwagon. If they could create something, ANYTHING and get involved with this hype, they could not only have their own token made or their own company made but also they would have enough money to fund it for a decade with how much funding these projects were getting which means they would be set for life if they invest carefully.

However that meant acting very quickly and when you act that quickly you end up with not providing 100% ready product and that ends up with bad results like this. I feel like if you have a decent and good project, it should take at least 6 months to a year in order to be 100% ready for public release.

Crypto world and hackers go hand in hand, there is no denying that anymore at all. Do you really thing that it is very hard to build an exchange yourself? I can buy a script, hire a developer to put it in a website, get some VPS servers to run all the things I need, pay few designers and marketing people and you have an exchange. Obviously it would take at least 10k dollars to do it but considering these exchanges make a million dollars a month it shouldn't be too high of a capital.

You know why we do not have a billion of them? Because of hacking and security issues, if I get it made, how could I know what my security guy did? Maybe developer put a backdoor? Maybe I will get hacked but don't know how strong my website is? This is why I suggest not everyone should start a project because unless you can guarantee %100 safety, you should not exist.

This virus did the same for everywhere, messed up everything and made a lot of people to be so damn broke. It wasn’t easy, and the worst part is that the economy wasn’t helping at all, the price for foodstuffs were going up and before you know it you have spent up all your money because of food. So, it wasn’t easy at all.

As for you blaming your country’s government, well, that’s like a normal thing almost everyone did; like in my country the government didn’t lockdown our borders earlier and prevent people from going in and out, and that led to more and more cases being found and by the time they decide to lockdown it was already late and number of cases were growing.

This is so true and it almost works like the domino effect where if you encourage someone then someone else encourages you and the chain goes on because all we can do in these tough times is become mentally strong rather than getting strongly mental.

Motivation but also togetherness because people in these times feel lonely and that is the biggest problem. If you have friends keep in touch with them and talk positive things, it just creates a positive atmosphere within you and them.

Yeah, because the doctors can treat the patient physically but the trauma one goes through cannot be cured by doctors. The worst thing people do when they know someone is corona positive is they stop talking to him and ignore the person. Love and kindness goes a long way and today it might be him tomorrow it might be you.

Even buying a computer these days is not that hard. I understand that if you want to buy the latest technology it is very expensive even in the most advanced nations, you could buy a computer for as high as 20 thousand dollars if you want every single detail to be the latest technology however if you want to buy "any" laptop that would work and just allow you to work from your PC, that could be found as low as 100 dollars.

When you have a mobile phone and a laptop and right skill set you could work from home and make good amount of money for your nation, this isn't really an ideal situation if you live in a place like USA but it is definitely doable if you live in India or any other place like that. Obviously getting paid regular salary for a regular career is better right now but online career is nothing bad neither.

Maybe the big huge altcoin increase will happen in 2021? I still think we are doing fine but most of the money for alts went to DeFi related projects this year and not into trusted old ones that we know of, which is why I think it is quite important we realize bitcoin may increase (or decrease) but altcoins may just stay like this and make some movement but not have a huge break out this year.

This year was defi year and they did great, next year maybe it will be something else and it could impact all of altcoins instead of a certain amount of them only, at which case the new tech or whatever trend next year will have could potentially change altcoins shape and could make them go back to their own ATH prices just like how BTC is trying to do right now.

There is really not that many coins in the crypto world that could go to zero. Sure it is a possibility and I have seen plenty of horrible scam ones that went there, but in reality as long as a project is decent and doesn't scam anyone, it never goes to zero. Dogecoin for example is literally a "joke" coin, it was nothing to invest and it was nothing to take seriously, it was created as a joke, look at how great it looks now.

So, chainlink could go up, go down or stay like this but I am 99% sure that it will not go to zero, even the worst type of fall a non-scam coin could have is 90% which happened from 2017 peak to 2019 but never really zero. Also chainlink does look like it is bringing something to the table, will people want it? I wouldn't know.

Obviously cloud storage is someone else and not you, which means you are not at the control of your own keys and as long as you do not own it yourself you are not going to like it when hackers come knocking at the door. When you use your own computer or better yet if you use something like a ledger nano or trezor so that you could have a bigger control even without having any specific PC, that would allow you to be in charge a lot better.

I would say this depends on how much crypto you own, if you own under 100 bucks you should not care about any of this because hackers do not care about that type of small amounts unless it is incredibly easy to get it, but if you own more than 1k+ you should definitely reconsider and switch to something more safe and secure.

Thank you very much for the opportunity. Added signature and avatar.

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