It is 2019, there are climate protests nearly every day all around the world. Meanwhile bitcoin is consuming more energy than a small country

In my opinion the bitcoin network needs to take responsibility and change so that it has a smaller footprint, it just isn't responsible to burn such a large amount of energy for such little utility. I honestly felt a little ashamed when I read that for a single transaction Bitcoin uses the amount of energy that could power an US home for 22 days! ^[1] This number will only be going up as the price rises.

Yes, I know this energy is securing the network, which is of course very important.
But shouldn't we try to find a way to minimize this energy consumption. Shouldn't we be looking for alternative methods? Maybe even something like Proof of Stake? There has to be a better way.

Or do you think that electricity consumption is not bad in itself, just the way it is made. eg. If all of bitcoin was powered by solar, it would be fine.


[1] https://digiconomist.net/bitcoin-energy-consumption

Note: This is not about how to identify good coins to HODL
This is about how you can be a good long term holder

1. You must have another source of income
Either in crypto space or outside crypto space you must have other source of income,there was a time when i used to rely on coins i hold for monthly income but most time they failed me because some altcoins takes more than a month to add value. You can learn trading or find a better job to get constant income for your daily needs.

2. Not all altcoins are good for long term holding
Some altcoins are too weak to have better value overtime,these coins only add value to price once in a blue moon,WHY?because the power of demand is too low and they have no working product,i belief that working product is what makes a coin have many more investors

3.HODL Only Altcoins With Real Use Case
There are different categories of coins with use cases,many use case are weak use case,for example using fashion  designer to back a token is a weak use case to me because it means you can only use the token to buy the designer wears and many will call this a real use case? no it wont do very well.
Make sure that the real use case of every altcoins you hold will be very reasonable,the products backing them up must be something that is different and will catch the eye of investors,the usefulness  must be outstanding .

4. Stay Updated Always
Opportunity comes but once as many know it,so always stay updated about crypto,read crypto news online and keep tracks on your altcoins so that you wont miss future updated or even token swaps,some altcoins i hold have already switched to MainNet and im glad i dont missed the opportunity,you can use blockfolio app to track your altcoins.

Altcoin season is what many are waiting for,even new projects are waiting for altcoin season to return before they get listed on exchanges,im sure of one thing and that is good things dont come easily,today is bitcoin turn to reign and one day altcoins will have its day as well.

if bitcoin retraces now soon what will happen to alts? will they fall with it or will they rise how will it play out?

I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

I want to know the opinion of all crypto friends in this forum about Ethereum, because the price of Ethereum is currently unable to rise beyond the $ 300 figure. ethereum prices are only between $ 150 - $ 250. and this incident makes me wonder, why did this happen to Ethereum ??

greetings all

I want say something very important to us, I recently noticed that most people don't read lengthy article on the forum and it makes them posting out of the writeup on the thread. most people barely spend time while reading any post in the forum this has made many of us commenting irrelevantly on most posts.

please before posting READ properly to comprehend the contest of the post before commenting on the forum.

please make a reference to this link here https://bitcointalk.org/index.php?topic=5192804.msg52938139#msg52938139

what do you think about this?? please let watch over this

drop your comments and reduce some spamming post.

Dogecoin is a popular coin loved by all. But it has an infinite supply that hurts its price for long term.

I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year. I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it ?