No, I do not agree with these statements. Thats seems like more of a totalitarian government where freedom of speech is crushed by the government, something that is not normal for a democracy to move in and something that is feared by many people and therefore the thought.

Government want innovation and they want its citizens to create new things for them to boast of. Going backwards in civilization is not what they wish to do.

The exchanges that run have some government support and trade licenses, otherwise they would not exist in the first place. Understand for a fact that the ones that got raided and taken down have been into money laundering. If a certain development is occurring and there is no criminal activity linked to it, then the governments dont see any such forcible steps as necessary. Talking from where I am from which is a democracy, dont know about other countries though.

Such steps are not going to happen, even in far future.

Are you speaking out of your rear or do you have valid information to make this claim?

I know for a fact this is false, because when the crisis happened, this forum had a lot of threads saying that bitcoin would be the savior but eventually people found out that in order to use bitcoin to transact, you need a working device, internet connection and electricity and all of these are not available in many remote places, therefore the only mode of transaction was fiat.

Moreover, most countries in this world have put bitcoin in a "Grey area" - no merchants legally accept it as money and therefore the possibility of paying bitcoin for services would be out the questions.

If you dont secure your wallets though, it can end up in the wrong hands. But this has nothing to do with being a safe haven.

Because we have to pin the price against a fiat currency that is inflationary. Otherwise 1BTC is 1BTC.

Impact will be for the greater good only. Banks are not completely against crypto, contrary to popular red-pilled beliefs. In reality they are working on systems to harness blockchain and use it for providing their services better than what they do currently.

Above 40k is not the price to buy, unless you are willing to take the risk that prices will touch 60k. Whenever bitcoin price falls, the shorts tend to come in and then price rises, this is contrary to what people think will happen but the futures market ends up forcing the spot markets to move.

This is not an easy step to take for someone new to crypto and willing to hold on to a possible 20k USD loss. But it is true that the chance is there still missing it would not mean you lost anything.

30K was a good price to buy but it has been crossed now and I dont think they have a chance of getting in at 40k anymore. But I agree that securing profits and getting out from time to time is necessary for people to keep up their morale.

The people working in the government are way more intelligent than us, even if some users might think otherwise, it is the fact and the truth. I am sure they will have their methods. But I dont think that the average Joe, trying to make an earning through bitcoin is going to get a court summon for that. The objective has always been to persecute criminal activity and trust me, they are good at it.

Rest of the outcry that happens is nothing but scammers trying to wedge in when facing a properly structured legal threat.

Setting up exchanges to follow some rules is enough for the government to know, as a start. If they monitor the money coming in and going out, they can get some good estimates. They are probably doing this already.

Decentralized exchanges never really made an impact. For a start they lack liquidity compared to centralized ones. Moreover, governments can facilitate centralized exchanges to be used only and that is none the less, a good initiative at reducing the number of shady exchanges that have operated.

Majority of the countries in this world do no consider bitcoin as a legal tender and to be used as money one has to heckle a lot of fees to finally be able to convert bitcoin to fiat. But they can buy bitcoin for selling in future and therefore it is easier to hold as a mode of investment.

There is the reason why the use of bitcoin as an investment mode became more popular even though it was intended to be a mode of payment. In fact if today the fiat currencies were deflationary they would also have had a similar economy.

Cost of price can be adjusted and bitcoin is divisible up to eight decimal places. So let the price rise, but it can still be used as a currency, although it would become less attractive to use as currency if an alternative inflationary currency already exists.

Of course people have to spend to survive, they need food and basic services, so they have to pay. So if fiat did not exist, they will be forced to spend their bitcoin.

Well it is a pretty vague question you are asking.

Firstly, if you have a background on doing something that is related to crypto and you are able to use that to get food to the table, because that is what matters after all, then by all means follow that route.

But dont go for any sort of hyped career choices which is a common mistake that graduates these days are doing. Easy way to get in does not mean easy way to make money, rather the opposite. Difficult career choice earn more money. But you should play what you are good at, your strengths and what you have a passion for.

But seeing that you lack coding a large part of blockchain development is gone from your options. Depending upon what your education background is, you will have to make the choice. Family's opinion come after that.

It is the worst option for a beginner.

It is way more risky for a beginner to start margin than to start with spot trading.

By doing spot trading, a beginner can learn how this market works and they can start taking informed decisions so to what they need to keep in mind before making predictions. This is needed to predict whether the market goes long or short.

Only a seasoned trader should put their hands into margin trading. Please do not follow what many exchanges are doing, that is spamming social media with margin trading and such. It is the one thing that will make you lose money, exchanges dont care, they want your money and that is why they promote it.

Learn first, earn later. But if you want an easy way to lose money then by all means go for margin and then be one of those people who call crypto a scam because they lost money doing high risk trades.

Funny enough, hype also has its trend. At a certain point everyone is buzzing the internet with a certain topic and then after that, once their hidden motives are complete, they stop talking about it and people feel that it has died down. In reality, the altcoin market is built on hype and craze because the altcoin shillers dont attempt to procure bitcoin even after years and so they need the hype to survive.

But the history has taught us that once a certain hype stops another hype starts. This has progressed from Altcoins>ICO>DeFi>NFT and is still continuing. Soon we might see the next leg before we know it and that will be another chance for the market to rise, but the altcoiners dont care, they would never buy bitcoin.

You dont "win" in trading. You gain a difference in buy price and sell price and that is the profit or loss. It is a speculative process and comparable only to EV+ gambling games and not EV- gambling games.

Doing your research on the asset that you are investing in is what is needed. Learn to read the charts, determine what buying point you want to choose based on previous rise and fall and then only put your money and be patient enough to buy.

I hope you are not mistaking spot trading with binary options and margin trading like @noorman0 said. Because binary options is a EV- gambling, a sort of a trap for newbies to lose their money, providers saying that it is trading, it is not so.

Not that it involves much for the traders. This is mainly for the ones who are doing startups and producing shitcoins and drawing away investors money.

Obviously, this came as a side effect of the ICO craze a few years back. Majority of the projects from that were failures and the SEC knows that even if they act that they dont involve themselves in such currencies. ICOs and other shady stuff were running rampant and they made a lot of investors lose their money even if they never forced anybody to buy their shitcoins.

I dont think this has anything negative to do with crypto but it is only the beginning of the weeding out of shitcoins and regulating the coins that actually have been performing well but controlling the money laundering that is also happening.

The term "safe haven" is used mostly in the context of tax evasion and money laundering, both of which are illegal. In either case, the person taking part in such activities may very well be linked to criminal activity and therefore be arrested for it. If that is what you have in mind, then be sure that one day you will be caught. Dont take part in doing such wrong stuff and you will remain unscathed.

Speaking of investing, I do not consider any investment to be a safe haven. Each carries they own risks, pros and cons. You have to decide which one is best for you. People always have to link things even if they are unrelated - so they put bitcoin because it was new and linked it to safe investment, when in reality every investment comes with a risk.

Speculation and non-regulation only makes the investment a lot unsafer. Only seasoned traders know when to buy and sell bitcoin.

Cryptocurrency is a speculative market. It will rise and fall and that is it's inherent property. A gain will be followed by a loss and a loss will be followed by a gain. Point is when are you going to enter the market. If you buy at the dip you are at a potential advantage.

See the market will never always go down or get "worse everyday" - that type of statement is temporary. What happens is that when bitcoin drops too low people who were waiting with liquid cash are going to buy it raise its price up. But I cannot say the same for altcoins. Depending on how much a specific altcoin can get support from its holders, the price may or may not rise.

So if you are coming from that altcoin background, my suggestion would be to move on from them and move in to bitcoin.

Project is very likely a scam.

Content copied from whitepaper is indeed a red flag. Did some background check on the linkedin accounts that are in the team and it does seem that the images have been taken from there without consent. Some of the people behind the team do not seem to be linked to the project at all. This is a common tactic that scammers use and to confirm this, someone who has an account on linkedin should try to contact them separately and confirm about their association with the project. That should be the nail in the coffin.

In either case, if you are an investor reading this, please mark this project as "suspicious/likely scam". Oh, and flag I have supported as well.

If you are not selling your bitcoin and keeping them in your personal wallet you will not be getting any profits/benefits.

However, let me clarify some facts here.

If you are storing coins in your desktop wallet like Electrum at least you can be assured that you still control its private keys. While some wallets allow staking, they are mostly website based wallets or at least need you to "lose access" to your private keys. This is the risk you need to take in order to be able to get those "benefits" that they give you, like lending those coins for a profit.

But I am still not convinced with some third party lending out my coins. I would rather set up my own money lending business and keep it P2P. It has more risk but at least I know who I am lending to.

Finally, if are you making this thread to know about wallets that allow you to stake, please think twice (thrice or more) before giving away your private keys to another website. We have made many scams and hacks before and still people do not learn this.

While I appraise your enthusiasm, I dont not share the same feeling because that is a stubborn move to make. Unless you just want to see your personal wallet get filled with some coins, I would not suggest buying at a price above 40k USD.

Once 40k USD is passed though, I feel there will be a support level being set up here. The chance of this happening during the Musk pump was not evident but then support levels at 33k were formed. Currently no news in the market about new companies accepting bitcoin or so has come up so I assume the growth to be organic but I would not count on it because some PnD groups are always there. Lower than this range, it is defenitely worth buying, but this level is kind of dicey.

OP should be take a caution about this price range. Someone might disagree that we are stopping you from taking a calculated risk but I am skeptical about the current situation of the market.

If the same group contains people who trade regularly then they will be making decisions based on predictions. Because the ones who find it bogus (the better informed group in reality) will have already left than group and set up their own predictions.

But honestly speaking, you should not focus on such groups and channels. Because the owners are known to pump and dump shitcoins because they own them and they will be selling while the rest of the members are buying them. It is a type of a scam but you cannot do anything legal about it except separate yourself away from it.

I would call it "mis/dis-information" more often. Crypto is full of such groups. Dont fall prey of them. Learn to read the charts and try dummy trading on your own first and then start trading yourself.

Honestly, I agree with your point. The people who run the government are way more knowledgeable than us common folk, even if one might think that it is not. Truth is that they have not yet found a proper method to regulate cryptocurrencies and therefore it has not happened yet.

Whatever happens in future, whether crypto becomes regulated or remains "wild west", people need to get educated about scams. Crypto is not a get-rich-quick scheme is what needs to be put in their heads. But awareness and knowledge will not cover everything, even real life experience and quick wit will help some people get out of tricky scams. Even then you cannot stop every scammer, because someone out there will always remain an idiot.

I for instance, do not agree with the statement that big banks are against crypto, I feel they can coexist and they will in future. Regulation is still debatable, it would be good if it could happen, then at least the lawbreakers and scammers who use crypto's anonymity as a weapon would be punished.

Is the first line is true then both big and small capitals can be worked with. The only difference will be that the total valuation of the portfolio will vary. But all good things have to start out small and the terms small and big are relative. It depends on what you consider as big or small.

If you ask me, a trader should start with a capital no less than 1k USD.

Capital will also not factor in if you are investing in shitcoins - do that and you will see the gradual devaluation of your portfolio be it small or big. But putting in bitcoin at low price and avoiding altcoins altogether will have better outcomes. Of course for seasoned altcoin traders, feel free to ignore my rambling.

Capital should therefore not be considered as the biggest outcome determinant of speculative trading but along with proper backing of market research and some insight.

Only hype, no concrete and I have been watching that for the last five years but the frequency was less.

No company has accepted bitcoin as of yet. Some small cap websites that accept bitcoin and deal in bitcoin related merchandise do accept it but it way small to make any market movements. Even then I dont think that a company as big as these would be willing to dump all their money at the same time. They too understand how the market works and at times even better than us. They would rather follow a "slow trickle" of bitcoin into the market so as to maintain the price at high but liquidate it gradually.

IMO, it is necessary. Tax evasion is a crime and from where I am, the importance of taxation is to pay for the government services which in turn comes free to the taxpayer. No exactly free though. But where the private companies are ready to take a lot of money, for the poverty stricken families government services are way more important. Maybe first world countries dont care about that.

The first statement is wrong and therefore the second one is not relevant now. Price of bitcoin going lower is immediately corrected by traders who have orders open at lower prices to buy. So it balances out.

Crypto still has a lot of frowning from the rich. Unless government become more lenient towards it, the rich people dont wish to take part in it as a new side of investment.

Deflationary supply makes the price grow with time, so no.

I dont think professional traders who give out advice actually do any trading, because logically they should be using those picks and making money.

Instead they choose to get associated with a public announcement and make articles on a news site to get paid. End of the day they are out here to make money and what more than a stable income than posting some made up writing on your own charts? You would not need to trade yourself which saves your own bankroll but you are getting paid.

This is the truth with most of the stuff that you can find on news site and therefore you should never listen to those. Rather develop your own charts and learn how to use indicators, though I prefer the long term hodl than day trading.