I think its not the time to sell just yet. Even if bitcoin has upped a remarkable 4k dollars from its lowest point last month; I think that it still can go up; however, I think that if you feel you want to cash in, especially if you bought your Bitcoins for around 6k, the 3-4k increase is already a significant return, so if you feel like it's the right time to sell, then by all means. On the other hand, if you don't have any use for the money, then I would suggest to just keep it as an investment and gain more after a few months.

I agree. It would be difficult to have everything perfect. Every move, in this market especially, are full or risks and can lead to losses at any available alley. However, to avoid bad campaigns, I think that the most important aspect is diligence. You should check everything with due critical eye to make sure that projects you choose would lead to a success, and if not, would still get you paid. Some say that it's important to choose projects that have a product or new concept to front them, since people tend to gravitate on those new ideas instead of old ones. Also, check the developers and the management teams, if their backgrounds and trust ratings are borderline shady, then don't join in those projects.

I think it can be a global currency, however, treating it as a global tender would still take a lot of time, and at the moment, is too far-fetched. Cryptocurrencies have not even penetrated the deeply in the trade, investment and currency exchange market for it to have such capacity to be considered as a global money. I think, it is more possible to reach a point when it can interplay with many of the currencies and be accepted as a legitimate currency rather than that to happen.

That's right. Since there are so many coins around the market right now, it's hard to just name any random coin, or even the established ones without basis. I mean, it's easy to tell you that LTC, Waves, Stellar and Ethereum are good choices. However, no one really knows, especially in this market, what the future may hold. I mean, at one time, everyone is believing in Bitcoin because of its every increasing value, only to see those same people heavily doubt it when it dumps. Therefore, look for those coins that you can buy cheap that has good potential to increase. Like the above-stated reply, checking the market cap and its behavior are good indicators.

How long term are you planning to invest? Years or just a few months? Anyway, for that I would suggest Bitcoin, Ethereum, and other high-valued coins of similar footing. They are good for long term investments because you can haul big profit from them once they surge in value. Take Bitcoin for example, it can go by for months without any increase, with even a few dumps here and there, but once it catches fire and starts to surge, you can see a significant increase in value that would give you big profit. Like what happened recently, it plunged to a meager 6.2k dollars, only to rise up to 10.6k dollars again.

I agree. Governments, although it is a political body is also a business entity by way of checking out where to get funds for their country. And as such, they would try to take advantage of markets in their local and also in the international sphere to gain more revenue. One of the booming markets nowadays is the cryptocurrency market; I have said many times that it is inevitable that the governments would try to regulate it or impose taxes on it because it's their way of controlling it. When they are laws that regulate its practice, the government gains a hold or grasp of it, and therefore, can be used to their advantage.

I think that it's not like peope "cannot" believe; I think that there are just factors that make them doubt cryptocurrency, and specifically, Bitcoin, which may be due to several different factors. First off, some media entities have released too many write-ups that tarnish and damage the image of cryptocurrencies with people. Although it has its own risk, some expand it in such a way that people would view it as a high-risk market that it would be better for them to stir clear of it. Another are governments, when a government does not support cryptocurrency, and more so, tells people to be treat it with extreme caution, it adds a stigma that it is a prohibited type of business, and so to follow, people don't even try to understand how it works. Saying all that, I think that if people would just see beyond those propaganda and fake news, and learn cryptocurrency by themselves and see its advantages, it's not easy to like it.

Well, I think I feel the same; however, I have come to accept the fact that I also have my reasons why I didn't go in the market earlier on. When I encountered  and knew about cryptocurrencies about four years ago, it was not as popular then, and many are thinking that it was just a scam or a scheme to take advantage of people. So, you would natural think that you would want to avoid entering in those kinds of shady deals. I didn't really and fully understand how it works until a workmate explained it to me, and in detail, told me how it works. After that, I started to get interested, and I studied more about it before fully entering into ventures, with which I started with ICOs. To sum up, my regret is not believing in the market early on to be one of the so called pioneers. Many have already benefited so much because they were one of the first to learn and take advantage of cryptocurrencies.

I agree. I think many would agree to this idea because there are lots and lots of ICOs coming out on a daily basis. As an investor though, you should be able to choose the projects that have potential to prosper as compared to those that won't even scratch the surface of the market. If you want to invest, you should device a criteria that would guide you to choose the better projects. Check on indicators like the concept or product and the developers wanting the capital. Check if it is a legitimate project, and also, check the time table they proposing for you to get a return.

I agree. I think there are some people who have held their BTC for a long time. Just in waiting to actually encash it for profit. However, like the thread said, three years is already a long time, and a lot could have happened within those years. I think that when investing, the best would be a year or maybe a little over it. Having to keep your coins longer than that would be too risky and unsure because of the time period. Also, it's already too long that the end game of gaining profit would be nullified, and I think, the investment won't be as gainful anymore due to the time discrepancy.

I agree with some of your raised points. I think, however, that the main thing here is the discrepancy and difference in price point. Bitcoin is situated in the highest tier in terms of price point and LTC, on the other hand, is on the lower tiers. Therefore, for beginner traders or investors, it would be easier to eye on LTC than BTC because of that. You can get more asset by shedding a smaller capital as compared with Bitcoin when even if you would use big sums of money, you would only get a few, thus making your venture in danger of early stoppage, especially in the moment of a loss.

I agree. Although that can be done, I think it can only be possible if you have ample savings to be able to handle all your expenses for yourself and your family, if you have one. As I have been in the market for quite some time, I have come to learn that ventures even the easiest, like ICOs, can takes months at a time to be realized, so it would be too difficult to quit your job and not have a steady income to support your needs. After all, needs and expenses are a constant, and so, not having money to answer for them would be problematic. So, yes, it may be done, but only if you have enough to help you go by.

I think, at the moment, Bitcoin, or the cryptocurrency market in general, has no real effect on the economy of my country yet, because unfortunately, we are one of the countries that have never fully accepted and embraced the advantages of Bitcoin in all its glory and uses. However, its not also prohibited to do actions related to it, thus, for those individuals who have been in the market for quite a while now, I think that it has really helped them alot by means of giving them financial freedom and a good source of extra income. In fact, one of my workmates have really improved his lifestyle and savings due to his earnings emanating from the cryptocurrency market. He is the one that convinced me to finally try my hand in it.

I agree. I would not talk about Bitcoin because it is already the leading coin now, and judging from its current state, it would be the favorite to be the "coin of the future" since it has better value, potential and marketability amongst all coins in the market. As an alternative, I agree with the above-stated reply that Eth would be that coin of the future for the sake of this thread. It has a similar path taken by Bitcoin during its humble beginnings and more people are also believing it as the second best coin in the market.

That's right, I am not saying that hacking is not bad; however, they are not to blame every time something like this happens, just like the different reasons stated above. Another one is through airdrop enrollments, I have a friend that enrollment in an airdrop that asks for wallet information only to find out the enrollment site is not a legit one, but is equipped with data recovery programs to get one's wallet information of some sort. Just like what happened to you, all his holdings in that wallet were also stolen. I guess, the best move here is to change your wallet and just be cautious in keeping it, no matter what.

I have the same coin on my list with the addition of Stellar, Waves and Dash. I think that your choice of coin would depend on your goal in terms of what kind of trade you are pursuing. Short term investment are good for those low budget coins that you can get for a low price point but may have the chance to increase at least 50-80% in a short while. On the other hand, long term investments are better for those high value coins like Ethereum that increase slowly over a period of several months. However, for long term type trade investments, it is a mixed trade and hold deal that would need patience and strategy.

I think before you start thinking of the local government, which would only follow suit with how the national government moves, I think that it is better to focus on how the governments accepts, adapts and embraces the cryptocurrency market, specifically Bitcoin as part of the local economy of their country. Many of the pioneers of these movements have already harvested the benefits of their early change of heart, because as of now, the market has turned into a global power that may affect world trade and business systems at large. Also, since more government now have opened their eyes in the fact that Bitcoin is a legit means of business, more and more would try to rumble things up to make it fit in their local business plans to have some gainful revenue.

At this point, I would say that any time is a good time. Bitcoin is having a run to get some of its value back, and before it does, it would be better to invest and buy now before it continues to grow beyond 10k dollars, and you would have to need a bigger capital to invest. Right now, its playing between 7k-8k dollars, and so, it would be better to get some now, if you have the capital to do so. If you would wait, I am afraid that there are more chances now for it to go up than down compared to the past several weeks when it went down to its lowest at around 6.2k dollars. Thus, it's better to buy now.

I agree. That was the trend that it followed last year. For months, it was stagnant and didn't move much, with times when it dumped quite low. It had everybody shaking on their feet that Bitcoin won't be able to get back from that black hole, but Bitcoin proved itself to really be a strong market asset when it surged in value and almost tripled reaching a max of about 19k dollars. It set the record, and Bitcoin has outdone even itself.

If you think that is high already, you should have seen when it was around 15k-17k dollars mate. However, like most of the people here would tell you, I think that it's never too late to invest in the cryptocurrency market, specifically with Bitcoin. It's just a higher capital you need, but if you can shed it out, it would be worth it in the end. The value may go down, but it would recuperate and go up again, that's just how it goes in this market. Therefore, if you plan to invest in Bitcoin, just check when it is the best time to buy depending on its price or your capacity in terms of capital.