I was using Nicehash to mine, thus, I was earning BTC instead of the coin I was mining. I've actually stopped mining since it was barely profitable for me and started buying BTC instead. I hope I made the right choice, because I've actually started to worry by seeing Bitcoin drop even further.

All countries have unemployment, some in a smaller some in a larger percentage, it's how the capitalistic system works. Nothing can actually terminate that percentage, Bitcoin can't change that. Yes, some measures can affect that degree but it's not that simple. The financial and political system isn't that straightforward.

Bitcoin isn't making you money by just sitting on your sofa, it requires knowledge, capital and a lot of time and the people who are willing to take that risk are just a mere minority.

Same goes if you have joined the campaign on the second week?

And who isn't? Most of us here probably are, it's anxious and stressful to see your investment worth less and less. Sometimes I wish I had sold back in December. There is definitely not much you can do now except from waiting that something changes in the distant future. At least now seems like it's a good period for trading.

Your hardware is fine, the difficulty, prices and much more is what's currently going down, thus, ruining your rig's profitability. Not much you can actually do at the moment than hope that something actually changes in the future, which I highly doubt to be honest. I don't even know if it's profitable for some to mine anymore.

I am not sure about that, correct me if I am wrong. I was using Nicehash to mine, via the Equihash algorithm, mid of June if I am not mistaken, I was making 0.5mBTC per day. Not long after that, I was making less and less till I was only making 0.10-0.15mBTC during Bitcoin's all time high. Now, I am making even less in terms of BTC. I've actually shut down my rig not long ago.

I wouldn't even think about selling at this point, you are already at a loss, don't make it any worse by selling now. Indeed, the market is in a pretty bad state currently and I can imagine how anxious and stressful it can be, especially for long-term holders with a large sum of BTC. The only thing I would suggest is patience, we cannot predict whether the price will recover soon or not to fully recover your losses, but at least make sure you wait a few months before taking any action. In the worst case scenario, try to cut down on your loss.

Definitely not, you'll end up losing a large sum of money. It's probably one of the worst periods to sell any BTC you are holding. I'd wait a few months if I were you, depending on how much you are holding. Trading is at its finest at the moment, you could use your funds to trade, if you are into risk.

Facebook is a business, it's not accurate to compare it to Cryptocurrencies. However, if you actually compare Facebook's market cap (460 Billion dollars) with Cryptocurrency's, they are probably not that far apart. Bitcoin's market cap alone is 140 Billion dollars. Add Ethereum's and most other major ones and the result will probably be very close.

Definitely, the more you know the better. I was just curious if anyone had completed a similar course and if it's worth enrolling in one.

I'd prefer Bitcoin, but I would advise you to invest in both of them, the percent is up to you, you could go 50/50 percent Bitcoin/Eth. It's not ideal to put all eggs in one basket.

Prices are determined by demand and supply. There was a huge hype with Bitcoin and crypto in general that created what you could call a "bubble". More and more people got into Crypto = more demand and to satisfy that demand, there's a larger supply. Eventually, the prices skyrocketed due to hoards of people investing money.

I came up to this recently https://www.coursera.org/learn/cryptocurrency
Has anyone tried enrolling in a cryptocurrency related course? Anyone who has completed one, either online or offline one. Any thoughts on taking one?

I wouldn't invest a single dollar currently, mining profitability keeps decreasing. If you spend that much money, it will either take years to break even, or not even manage to earn back what you invested in the first place. It's probably the worst period to get into mining currently.

I'd clearly stay away from bank deposits, your money will be sitting there, with an incredible low interest, making you some mere bucks each year. I would rule out mining too, profitability is quite low at the moment, spending 1000's right now could potentially be disastrous for you. I've no idea about Gold assets, but I'd preferably stay away from that. Property? That depends on your country, can't give you much information on that.

I'd say invest into Bitcoin or some other major cryptocurrency now, such as Eth, prices are quite low at the moment, it would be an ideal time to purchase some coins and sell them in a few days/weeks.

As you've said, this measure was taken to battle all the scam involved around cryptocurrency, not cryptocurrency itself. We've all seen shitcoins, ICOs and so on popping up every day, so-called Bitcoin generators being advertised and many other malicious examples, that's what they want to ban, in order to protect their users. It's not hard for someone inexperienced to fall in their trap.

What kind of source is that it can predict Cryptocurrency prices? I highly doubt it that it's based on anything, just pure predictions that anyone could make. I could open a website and claim it will reach $1.000, who knows, it might one day reach that price.

All GPU algorithms are going down in profitability, especially after Christmas, it has gone downhill unfortunately. I can't mine on Ethash due to my GPUs being under 3Gb of ram so I can't judge about that, but Equihash is barely profitable for me. If this situation continues, it will definitely be unprofitable within the next few months.

He's not the only one who expected to break even within a few months. Lots of people actually went running and purchased rigs like crazy, spending even thousand's to build a top notch mining rig.  Profitability has dramatically decreased after the summer, anyone who went and purchased a rig within the last semester is definitely on the verge of screwing over.

The law has already been passed, as the above poster submitted. Due to the total amount of electricity being used, the costs are distributed to a specific percentage, equally, to all residents of the city. That's why residents are facing increases in their bills, the increase mentioned might be extravagant, but it seems totally true. The law was passed just to protect their residents of paying too much in bills.