You do not have to understand it, they are just making it into some meme and they are "promising" some stuff but if you paid me millions upon millions of dollars, then I would have been able to build you all the metaverse things you wanted.

I could literally do a replica of New York 1 to 1 ratio size, and then made all those buildings and other stuff realistically owned by people, allow people to basically just live in New York, it is such a huge money that you wouldn't be just building metaverse if you are serious, you would be building stuff that would be insane to think about, whereas ape team will pocket the money and give you some robloc/minecraft shit that nobody would want.

It is a wonderful thing that back in the day we all made some easy money in crypto, not "a lot" usually, maybe there could be a few who did a lot but my point here is that stuff like finding 50-100 bucks or whatever was something easy because it was everywhere.

Projects realized that they could get money from investors, investors assumed if they invest into diversified enough dozens of things they could make money with at least one of them to cover the cost of all others and some more on top of it, and projects paid all of us a decent small amount to keep us working for them by basically doing simple stuff. All this became a cycle and it worked. Realizing that it is no longer valid in 2022 will be hard to accept for many who made money this way.

It is definitely guesses and nothing more, he/you are right. We could find some directions and we could see some stuff, but there is never a guarantee on what will happen and all we could do right now is to make sure that we are on the right side of the prediction game. If we keep on investing at a level where it is not really that much of a big deal, then we are going to end up with a big loss and it is not going to end that well for us at all.

Best case would be to just focus on long term because the prediction is a lot easier there. To predict that bitcoin will be higher in the long term, in a few years, should not be that hard, still not guaranteed but close to being a sure thing.

The learning part is not that difficult to understand, it is something that is very important and everyone should be learning how to trade and what to be careful about while trading, if you do not do that then you will lose money and if you can't see that then you are going to be pretty upset about it but there is nobody else to blame but you.

However, we need to also make sure that we know what a newbie means, if you are a newbie, and start learning and get rich, then maybe by the time you are rich then you are not a newbie anymore?

I mean if this is my first day in crypto, and in a year I turned my 100 bucks to 1 million dollars, that makes me a veteran already right? Why would we call someone a newbie when they achieved that? So, a "newbie" can't get rich, but anyone who gets rich is not a newbie.

Is there even any alternatives to it? Like let's say you have a can of coca cola, do we really think that they will move to another direction? Bottle their drinks in another material? I am not entirely sure if it is even being worked on seriously, I mean they must have some RD team looking at alternatives but I doubt that it would be really all that possible.

At the end of the day, aluminum would probably stay being the only option and will probably just be there for longest time and that means we could profit from it. Maybe it is not that expensive in the USA and maybe it won't grow like this for a long time, but in other nations it could be a rare resource for sure.

That is basically all there is to it. I mean I have been in crypto for 9 years now and never owned a single XRP in my life, why? Only because of the reason you already mentioned. If something is so centralized that they are saying "use our coins so that we could make money from companies" type of deal, then we shouldn't even be considering them legit.

We are talking about a scam project that scams people so greatly that people are not even aware that they are getting scammed. Honestly, I would never own any XRP but I have to congratulate XRP creators, they have done something that nobody else achieved so far, turning a scam into a long term real project.

The difference is that those people with a lot of money do not need you to get into panic mode to make a profit. If there are a lot of people with long futures, that means if the price goes down their positions will be liquidated and turn into USDT which means system will sell bitcoin and drop the price automatically.

So, if they have 10 billion dollars worth of bitcoin, they could short it with a few billion dollars, and could sell with 5 billion dollars, and they will crash the price not only because they will be selling, but because price going down will result people with high leverages to get liquidated and keep dropping the price even more, so whales could buy cheaper and more while profiting from their short position as well.

It takes about 2 to 3 years depending on when you got in. People end up seeing the price go down for the first time and do not understand it when they see it for the first time, but when you see it again, you kind of "expect it", you may still end up getting in panic mode and sell but this time around you know what happened last time so you kind of expect it to go up and instead of selling you should have bought more.

After that, the third time is quite easy, that is years years later and you would be basically racking in cash at that point because you know what you should have done. I am not saying that you can't make mistakes, but at least it would be dropping to a minimum.

Governments are getting more and more friendly with crypto and I am happy about that, but at the same time I have to say that it is not really going to be something simple neither, it is a bit of a difficulty because it gives us decentralized freedom.

This means that governments are cornered, if they do not allow it then people will still keep on using it illegally and they won't be paying any taxes, if they make it legal then they are allowing people to use something that is giving them decentralized power over government and hide their money or at least put it somewhere government can't reach, but they could at least tax it and make some income from it. It is a double edged sword for sure.

It was also talked about years years ago on Silicon Valley tv show as well, where gilfoyle talked about his old bitcoin mining rig could be used as a server as well. So, these type of things are not new, we are not really going mainstream until it is a bit more abundant everywhere.

If you see it once in a while here and there, that means we are known and even liked by many but that is it, if you start to see it everywhere you go, like in every movie, okay maybe not every but at least a lot of them and constantly, maybe like once a month, then we can say that it's mainstream. Otherwise, we are not really going to be considered mainstream and loved with just a few passing mentions.

Risking your identity would be fine if that is your only risk you think you have. I mean you could hide your identity, I do not mean that go ahead and share it, but its easy to hide it and that's fine.

The problem is that if you are using a public IP and gambling with some money in your account, there could be other people sharing the same IP and that could raise some red flags in the betfury staff room as well. This will result with you getting KYC questions and other problems when you are trying to withdraw. I am not saying that it will be impossible to get it back, you could, but it would take a while before you could get it and will be annoying.

It is never a good idea to default on your loans because it would make it incredibly hard to get a loan again. However, sometimes you just need to do it to get better, when you have no other choices left like Sri Lanka.

First of all, it is a government, not like they are a company that can go bankrupt, they are there, they may not be able to pay right now, but that doesn't mean that you can't give them any loans in the future because they may get better after this situation. Secondly, we are talking about having some debt even after this, they are not reaching to zero, they are defaulting on some debt, but they still have some more debt left that they will pay, which will help them gain some credit again.

The thing is that, that shows exactly when the market "should" go up, and not when it will be. These type of situations allow people to make money "most" of the time which is why people end up believing that they could make money since they see it working most of the time. However timing and managing your bankroll means a lot in this case.

This is because, you could end up with a good return once, and then double your investment next time when you get in and lose more because that was a wrong one, so you always need to be careful, grow your investment slowly each time you get in, and make sure that you enter with money you could lose and still go on.

This is what people know, this is what people memorized so far and that is the first instinct they get when this happens. I mean I get that you may not be doing something that is as free as bitcoin allows you to do if we get governments involved. However, whenever people see something "unfair" for them, then they start to ask for help from their governments because that has been how we handled these things so far.

It has been centuries since nations backed their own coin and whenever citizens have a "problem" they try to fix it, sometimes they do help, sometimes they cause it to be even worse. This pandemic period is a great example, citizens were in trouble during that period, so they found the solution by printing more money which probably did help some people but at the end of the day it ruined the economy.

The reason why they are making those short term investments is to basically "let's scam the scammer" mindset and nothing more.

I have a lot of friends who get into those type of little memecoin stuff on release day, even pre-sale periods happens earlier, so that means they get in as quickly as possible and as soon as it is released and goes up they sell and get out, which usually makes them a decent return, after they take out their investment and some profit, they leave the rest in there, sometimes it goes to zero, sometimes it stays, sometimes it goes up. But, they never trust their investment, they never think it is a good investment, they just want to make a profit and leave.

I disagree with the fourth and the fifth points that you made. Talking about the fourth point you made which is – lack of awareness, a lot of effort has already been put into creating awareness for Bitcoin and I don’t think that’s a problem to the adoption of Bitcoin currently. Anyone who is not choosing to invest in Bitcoin is not because of awareness.

There are steady adverts about Bitcoin and other cryptocurrencies online on social medias and the internet as a whole. Bitcoin trended on Google several times as the list searched word, you would also see movies about Bitcoin and where it’s being mentioned, and you likely would come across people talking about it. So don’t say there are no awareness, there is, just that people don’t want to adopt, maybe due to other factors. And also know that bitcoin is not meant for everyone.

Lastly, as for information hoarding, there are already lots of articles that properly explains whatever information you need, which is why you shouldn’t rely on one source, always get information from different sources to be hundred percent certain.

This is the right approach. Plus, if we were fighting against fiat so much, we wouldn't be building stablecoins and so forth that are mimicking these fiat currencies people think we hate. The reality is the banking and DeFi did allow us to get closer.

When people realize this, when people could see that crypto is an alternative to banking and not an alternative to fiat, we will get better. Obviously crypto is a currency and not a payment method, but while being a currency, it brings its own benefits like wallets, payment methods, security and many other things these days along with it, even interest earning as well in staking form. So, it is definitely capable of doing cards as well.

Shouldn't those people need to learn a way to hold, instead of trying to wait to keep them from having that option? I mean there could be some serious reasons why they should sell. Like let's say there is a health issue, you have to be in hospital and pay a good sum of money to survive, shouldn't it be better if you could reach your money that way? Or there is a debt that you can't pay, I should know because I am in one right now lol) and then you will need to cash out.

Like for example, I have some saved aside, but by the looks of it I will be forced to sell my coins (some of them not all) just to pay my debt. Learning how to hold should be more important than preventing from cashing out.

Unfortunately people can't accept the disappointment that easily. Imagine like if you have a kid and that kid is not doing well in school, you keep creating excuses for them and keep saying that it is their bad friends, or the things that take away from the attention and that kind of stuff, but we never say that our kid is lazy and it is simple as that.

ADA owners and investors are like that, they keep seeing it like that and they keep saying things like it is never ADA problem and it is market problem or it is about investors not being patient enough and so forth and it is never the problem that ADA project never really had a chance to actually go up because it always had some problems that couldn't be ignored.

This is a cryptocurrency community so the answers you are going to get are majorly going to be in favor of crypto currency trading and of course they are right. Crypto currency trading is the best choice when it comes to trading and people make a lot of profit from trading cryptocurrency than they would when they are into forex trading.

But it is still your choice, and I also like to ask whether those of your friends who are recommending forex trading to you are into such? If they’re into such then have you asked them how much they are making from forex trading? And how good are they, how are they managing their capital and losses?

These are questions that you would have to ask them to also get their own opinion and know why they are recommending such to you. And also get to know how many of them have tried cryptocurrency trading.

If they haven’t traded cryptocurrency, then they have no right to say that forex is better than crypto currency when they haven’t had a taste of the two. You only say that one is better than the other when you have tried both and you are sure of what you are saying.