Most times, I feel it is just a way of most of the people in this category trying to console themselves for missing the bitcoin train. The future is what no one can know, let alone be worried about it like you have said, but one thing I am certain of is that bitcoin is highly established that any altcoin will easily replace it in coming years and that is what most of the noobs won't understand.

Unfortunately, it is a mistake they will never get to fix as most of the time, they will still end up missing the dip even when it comes anyway, and really, like pursuer said, that jail is really necessary as sometimes, it gets appalling when you just see people creating newbie accounts just for the sole purpose of spreading FUD. Something we will never just stop seeing! I am sure he must be somewhere hiding since his doomsday theory did not end up as he proclaimed. Good riddance!

Altcoins are extremely volatile due to their tendency of reacting to bitcoin movement pretty fast, so it is a market you need to trade with some level of knowledge and carefulness. Also, there could be some things you are not doing well, with respect to the point at which you have been buying, your strategies (that is if you have any), and the importance of planning an exit even before entering a trade. This is something that is highly necessary if you want to really be trading any market.

I believe there are just two things for anyone in this crypto world, it is either you are HODLING or you are trading and even if you are trading, you are doing it with some great level of knowledge which if you do not have, you will end up screwing up big time. The thing with holding is that, no matter what, in the long term, you are still making shit load of profit anyway without any stress. That is just the beauty of it.

The best thing is always to stop whenever you are obviously losing a lot because at that state of mind, you will be wrongly doing things emotionally when you should be using your brain. One thing with gambling is to never try to recover losses and that is where a lot of people normally get it wrong. Trying to recover loss will set you to lose even more. Self discipline is just all it takes.

There is no addiction in a good thing as long as you are not gambling or doing some things that can be negative to your health and mind. However, people gamble in cryptocurrency too since they really just went all in on the market waiting for a get rich quick profit and then things go haywire. The aftermath of that is just simply depression and not addiction which is the reason they will always keep checking every second just to know where they are until the simply panic.

Far better indeed and I still tend to ask myself why a lot of people always consider trading and gambling to be on the same level, then I remembered that in trading, some people are actually always gambling since they have no knowledge or strategy to even pull of a successful trade unless they just end up getting lucky. Trading is a profession and people who are not ready to see it as such and also ready to learn will never be better than a gambler.

Rather than even calling it self employed, I would rather call it a profession which obviously if you know how to do right you will always get the best of it and get wealthy over time. Also, it is not like I do not agree with the self employment thingy, since with trading you are going to be making a lot of money just by sticking to it as profession and not bothering yourself trying to work for anyone. Nevertheless, all this comes with some level of sacrifice and for those who do not learn, they would only end up in self destruction than being self employed.

For someone who is just starting life as a trader, this is way too much to start with. After learning, over confidence has ruined a lot of trader, but in a complex market, you really need to get used to the movement of the market and that is where you start getting the confidence from. This is not built in one day, it takes gradual process, and I would say 10% of the amount you have stated is good enough to start with until you are very sure you are ready for the market.

Not taking small profits sometimes can also lead you into not even taking anything at all. I feel the best advise to give him is to learn how to trade for profit. Now, it is one thing to have a strategy and stick to it, which is fine. A lot of day traders sell for profit, the market goes haywire to the upside and they do not kill themselves for it, they just move to a new potential market.

The thing is we cannot time the market, but we can always change our strategy, and if he is ready to always wait longer to get the best result, then the choice is his. Moreover, I feel he just does not know the signals to use to sell in the market. Learning about divergence will really be of great help.

Well, I feel the only thing that can guide anyone is to believe in the long term prospect and growth of bitcoin, no matter what is happening in the market. Most of these financial experts already know that, but sure, they will always want to have a better hand filled with this asset to benefit from it in the long run. No matter how it is though, we still have a lot of psychological resistances to break and that is the only time we can know if we are going anywhere or not.

Speculations are just ways people can keep consoling themselves for a better future. Not like this cannot happen or will not happen eventually but the truth is that no one knows when it will as long as we cannot obviously see the future. From the way things are though, I do not expect us to see this huge level in this year, probably next year, but not this one. Whichever way, for long term, I remain bullish to the core.

It looks like we are really about to hit the ball rolling. So far we are having a higher high and a higher low on the smaller time frame and we have broken out from the major downtrend, so let's believe we are in an uptrend for now and we have $9k and $10k to go hit.

Next week should really be a long ride for the crypto community and I am eagerly waiting to see what it brings.

They are called airdrops and they are not supposed to give you something substantial in the short term. If you are looking for something that can fetch you something good in the short term, then you may want to consider bounties.

Leave them in your wallet as that is the idea, the projects that are solid will rise hugely in the future, and you should be able to withdraw when you want, while the crap ones would have been dead by then and you can keep bag holding them for reference if you want. Nevertheless, you should consider airdrops as something you are meant to collect, forget and probably come back in the next 10 years to check them out.  

Just imagine holding a few dollars of XVG as airdrop few years ago!

For the big bags, I can only say of the first two, and ETN though is still making promises as far as I am concerned. The last three, you may really need to check the main idea of the product/project, as well as the team to make that decision yourself if you are holding a shitcoin or not.

Your medium bag is not that bad, but I can really say that for SC, REBL, IOT and XEM. I purposely excluded XRP because it is a centralized coin, but the choice is yours and for the rest, do your diligence to be sure you are actually not bagholding as I mentioned in the first paragraph.

And your small bags? Really? Anyway, since you said that is what you can afford, but those are some of the coins you should really be having more in your folio. Everyone have what they look for in arranging their portfolio anyway, so you may probably have one.

Yeah, pretty good ones. I have never had any problem with a bear market anyway. The idea has always been to remove weak hands from the market and it is usually a short term thing compared to how we have had bear markets in the past and how huge the market still has grown till date anyway. Even just last year till date with the current bear market is still looking good and if we have gotten to this stage and the weak hands have been fully shed off, then we are really in a very strong market and that is all that matters.

We are in a decentralized world and all of these things are generally normal. As long as people cannot see that, then they would always assume the worst. This is an early adoption phase and we should not be expecting that all of a sudden bitcoin would just become a currency of usage without at least passing through some phase of adoption to the level of growth. Rise and fall is a normal thing in the market and even normal currencies do against each other except it is not as volatile as we have in the crypto world, but who knows? Things may change over time.

$100 is always good for a start for someone that is learning and does not really have much experience yet. Learning is always the way to get started and it is always good to get yourself equipped with that knowledge as much as you can, no matter how long it takes, before even considering to start trading in real life.

The fact here is that, this would guide you into making decisions and not just gambling in the market. With this, you can start gaining some experience gradually. Do not beat yourself too much as you will be making some mistakes emotionally and that is where the knowledge comes in as you will learn from that mistake and see how to make it better next time until you become a pro but the whole idea of starting with small is to give room for those first level of mistakes.

Knowledge I believe in every profession should always come first and with that, you can at least start doing your thing and you can start learning gradually the more and getting more confident with experience until you are able to get a full hold of the market.

However, this is one part a lot of new traders always like skipping and thinking the knowledge will just drop from the sky as they keep trading until they lose everything. We all wish it was that easy, but nothing good comes easy.

It is normal to see them frustrated and sometimes we just cannot blame them as no one would see their investment going down hugely without emotion kicking in a little bit, but for those who really understand the market or really just see the dip as an advantage to buy more, they will act based on that knowledge, so at the end, it all balls down to how knowledgeable or ignorant they are about the market, that would help them in their decision making rather than panic.