Thread has been moved to archival with a placeholder title. I believe the account which is posting the thread got information about the project being scam and therefore took this as a precautionary measure to save their reputation. I wont suggest opening a flag right away but I am hoping to hear from the accused soon on this thread and how they are progress on it.

Give it a couple of days at least or PM the account to take action. If things dont go this way and thread is moved to ANN, then flag them.

Pretty sure they have not been paid a satoshi for doing this. Being a bounty manager is hard indeed.

Here is some of the information about the "team" that I could locate from research.

Veterans Compensation coin has been been by this George guy as per his facebook - https://www.facebook.com/gnilife/ - life coach scum. These are basically scammers who act like a guru and manipulate people who have somewhat lost their moral compass.

As usual these manipulative scammers have to run their own network so they post testimonials on other "life coach" sites like this one - https://hashtagbalance.ca/ - wow, a life coach needs coaching from another life coach. Human centipede much?

I dont trust such people and my advice to newbies is also to not trust them. Any veteran if actually getting roped into this should take note that scammers exist because of human nature to seek help at the time vulnerability and dont let that "veteran" tag that you have earned be the reason that fooled you into putting money in a scam.

Flag supported and I believe the flag will remain because the accused used a sockpuppet account to oppose the flag, a practice that is looked down up in this community.

First one world government will never happen. You cant expect every human being on earth to follow a single government, while the cooperation between governments to establish world peace is enough.

Also bitcoin does not need a government to be useable. Anyone can use it as long as they have a internet connection and a device with a wallet and electricity supply. However this will not replace fiat because these two things are necessary and cannot be availed by every person living on the earth.

Economy is determined by the country's GDP and not the price of the currency with respect to other currencies. You can express that number in bitcoins as well but someone may not like that. However it is unlikely that a country would put up bitcoin as its sole currency, it is foolish to think so as well.

It is the hype making people think like that. The real home of bitcoin is in the heart of the people who use it, not a country. Decentralized is the key word here.

Japan has the biggest technologically advanced society out there. So why not Japan? In fact the use of bitcoin in japan has increased much in the recent years and I remember a couple of news that came in 2017 which I will link here:

https://www.cnbc.com/2017/04/12/bitcoin-price-rises-japan-russia-regulation.html
https://www.cnbc.com/2017/09/29/bitcoin-exchanges-officially-recognized-by-japan.html

None of that helps unless the governments are willing to allow cryptocurrencies to be used legally or at least with less problems of the "grey area". I know the combo of a corrupt government and crypto is a bad idea but I feel we are lacking information to comment more on this.

The skeptic would say that if the fact that banking sector has its roots close, would mean bitcoin would not get any space there. But practically banks can also use blockchain to deliver services and store information at the same time not allowing governments to accept crypto.

Ripple is a centralized coin. I suppose you are aware of what that means and the reasons why bitcoin is decentralized and you have already weighed the pros and cons before putting your money in them - or are you just shilling?

Not a fan of the concept that TRX has been promoting as well. They did survive the bear market so props to them. If that seems to keep you happy then by all means go with them. But buying these two as investment advice, that is a big No.

The only coin that is worthy of putting money in for the long term is bitcoin. Now if you think today the price is too high to buy at, then I can guarantee you that you will miss your opportunity. You can wait for the price to drop below 30k USD but chances are less likely.

The mistake that newbies do is exactly this -  putting the money that you initially though of buying bitcoin with, into some shit altcoins.

Suppose you live in a country where bitcoin is not accepted in any store or shop and you have a lot of bitcoin with you. Do you think you will survive? Now I know that many services like Bitrefill and all help in buying you gift cards in return for bitcoin but if I keep those aside then the possibility of directly using bitcoin to pay for services is very low in most countries outside the US.

This states two important problems that bitcoin has been facing:

1. Non acceptance in many countries due to a lot of reasons, either government pressure or lack of internet/electricity supply.
2. Not being able to quickly convert bitcoin to a pay-able currency that the local merchants accept.

This talks about the problem not the solution though. Point is that selling is important too, as buying is. You need cash at hand to be able to spend and you also need to keep money at hand for difficult times.

The OP's statement that they would rather stay hungry, is an illlogical one but it is a thought that comes to many people which is plain wrong.

Most people who do that end up learning their lesson when life throws a problem at that. But there are compulsive spenders as well to whom these words dont make any sense and the supermarkets make sure to cash out on these people.

A 5-10% saving is always a good habit even from a younger age. The importance of that has been taught to many people during the last year during a global crisis when people needed money at hand to keep them afloat. Diligent people know how to balance the saving and investment. But first savings then comes investments which follows what the OP has mentioned.

Problem with smaller investments is that mostly the money put in might not give you a return enough to justify the work done to get those.

Index funds - I usually find buying the specific stocks a better option, because I know that company and know their track record. Index puts in a lot more than that, lacking research and therefore possible losses in future.

Low priced crypto - That would be altcoins and specifically shitcoins. Something that I advice everyone against buying. If you can make money with it good for you, but it is not for newbies and people entering investing.

Use your common sense. If someone was accurately able to predict every movement in the market, they would have used that to become the world's biggest millionaire. But that never happened - because it is an impossible thing to do. But I dont blame you for making this mistake. Many people do the same mistake thinking that someone can predict and they will cash in on that. No that is a borderline scam that these people run and they target newbies mostly.

Indicators only give a 50-50 indication as to what the future movement might be and they are used to describe the current market using some known metrics. Understand this, indicators are only for indicating a change not predicting a future movement with 100% accuracy or any close to that.

In a way you are at a loss because you took some wrong decisions. What you can do is follow the long term hodl method. Buy bitcoin at low and sell it when it goes high in long term. Dont get into altcoins, you will get washed away trying to follow indicators because altcoin are way more unpredictable and get a lot of pump and dump by bagholders.

When I started on bitcoin, it was with bitcoin faucets only. At that time faucethub was the biggest micropayment processor which used to give payouts accumulated over different faucets on a specific wallet address and freebitco.in was the faucet running for the oldest period of time.

Of course, when you give out free money you get a lot of abusers. People started writing bots to spam these sites and what was once an easy method to get some quick dust became a tough thing to claim because you had to click on all these anti-spam measures to prove you are not a bot.

I had once been able to get around a thousand referrals on one faucet and managed to earn close to 0.02 BTC everyday from those referrals, I didnt even need to do any claims myself. Sadly that faucet shut down pretty quickly after that.

Then came the Google Adsense ban on faucets and the dispense amounts drastically reduced over all these sites.

You said it, it is a "trend" and trends die out with time while the product remains and the ones who used that trend to make profit remain wealthy. The previous buzzwords of blockchain and stablecoins saw similar "trends" and even though they still exist, nobody talks about them anymore. I wonder why?

Hold your horses, the country where has been made legal, they are facing skepticisim about bitcoin's use already and I am still watching as to how this progresses in future. Whether it will end up as something good and acceptance or ends up as a failed PR stunt.

My reasoning behind this is that for using bitcoin one needs electricity supply and internet. So unless someone develops a product that can have a battery and internet for quick bitcoin transactions, fiat will remain the bigger one. Because you cant expect every person in every country to be owning a smartphone and having access to internet all the time - can you?

Bitcoin based cards is another option to mitigate the above trouble. There have been a few ICO startups that did this and are now no longer heard of.

Of course in future we might see changes in this line, specially if the governments start allowing crypto become mainstream in many countries.

Someone who does not wish to risk money in this field, should stay out of the field. Trading is not a job that gives you a guaranteed income which would be a day job but a risk-vs-reward scheme. Keeping the exception of professional traders aside, because I doubt how many of those actually exist.

True, but to be fair most people tend to risk more as time passes because they can see older opportunities going away and they dont want to miss out the next time.

Best way to do that is by trading itself. Maybe one can go for dummy trading challenges for getting an insight into the market and how it works, how to manage capital and risks.

Remember that risk is an inherent part of the game. To be able to make decisions to reduce the risks is the sign that you are doing it right. For that, one should make sure not to put all their money into crypto. You need to have backups to keep you afloat during bad times on one market. This is not a sign of being a no-coiner, but a diligent investor.

I understand your point here. Definitely not possible for outsiders to know the real situations in these countries where governments are corrupt.

Lets hope the situation becomes better, but I have actually lost hope for these countries because I have watching the same situation for more than a decade now, but hope is always a good thing. Since their government does not like its people using crypto, nothing more can be done except watch them go back down in the course of evolution.

At the point when someone is selling, someone is also buying, otherwise the trade would not happen. I dont think this is related to bullish trend in long run but regular trading. Supply-demand gap is the point here, I am guessing you are trying to hint to that.

To have a bullish long term scene you need be able to generate an inherent market and bitcoin does that by gradually going mainstream. Most altcoins have failed because they cant develop such a process or is lacking in developing the supply/demand ratio.

Firstly those people who tend to check prices every few seconds, should stop trading because it is not for them, simply put.

Secondly, there are a few steps one can take to both prevent and approach such situations.

Preventive measures are :
1. Not putting all your money into crypto. Keep dividing your investments into fiat markets and crypto markets. That way when one falls you can still rely on the other to be able to be in profit.
2. Understand the concept and bull and bear cycles and accept them as part of the game.
3. Crypto is a wild west, unregulated by anybody. So it will swing like crazy over time. Stop putting in altcoins.

How to approach seeing a low price?
Simple, dont see it. You can either have bought at all time high or sold at low - either of which will lead to despair. If you have not done either, then you dont have anything to worry about. What this means is that for hodlers prices swings dont matter much. For newbies who are FOMO into price, they will suffer more.

Not just the whitepaper, but the website design, text is also copied from Katerium. It is a blatant copy pasting of everything. Looks like a clone with a different name.

Katerium is a dead coin though - https://bitcointalk.org/index.php?topic=5246125.0 thread dead for several months now and Coingecko reports it dead since no activity for last 2 months on exchanges. Seems like scammers like to use these less known or dead projects to create their own scams.

Either way everybody who doubts this site to be a scam should visit both sites and see for themselves how much they cloned a previous project which only points to a scam.

Sadly yes, but you can can see similarity with the fiat markets, they too get a lot of movement when the political situation becomes unstable or something good or bad happens. Even they are regulated but they also face the burnt, so I think the effect evens out for both crypto and fiat markets.

Change is the rules - I can think of the SegWit debate and it was for the good only but it faced a lot of empty criticism even so much that some people, opportunistic people I say, seized the chance to start their own forks of bitcoin calling the original bitcoin as a copy cat. But then again this a rare thing happened once a decade. Halving- yes that has a temporary movement on the market.

But these things only have positive impacts on businesses. Because they are solving problems not creating them.

So I did some reverse searches on the "Client" images and I found these:

Named "Stewart Whyte" is having the same image on a dating profile as listed on this site:
https://profiles.d8u.com/profile/ericmo598_i%E2%80%99m_an_easy_going_person.html

Pretty strange that the person posting a testimonial would use the same image as in a dating site for a trading site.

The person named "John Moore" image has been copied from another site:
https://www.novacosmetic.in/procedures/hair-restoration/moustache-beard-transplant.php

Their social media links also do not exist at all, those are placeholders.

Site is running a scam not doubt about it. Request everyone to report this to registrar NameCheap so the site taken down and more people dont fall for it.

There are some people who look for the long term approach and those people exist even in today's young generation - effect of good upbringing. They are looking for long term gains and they are the ones who will survive this investment. Having a get-rich-quick mindset will make you prone to put money in scams that are using bitcoin as mode of payment.

Lets not politicize bitcoin in that context. It is supposed to be a freely usable currency above centralized banks and censorship resistant. It is not equal to anarchy which some people tend to focus more on. Because anarchy leads to destruction and bitcoin is far above those lows.

Again a a short term approach that I usually dont prefer. But if it works for you, then more power to you. A balance needs to be struck between getting out quick and holding for long term.

Let me go a step further, after "he" "deposited" bitcoin in your account, you are trying to withdraw it? And when you are doing that they are asking for a teeny-weeny "fee" because they need it to unlock or something of that sort of terms?

I checked the site and there is no description as to how they make money. If they are having a lending pool, it should be listed on other aggregator sites too. If they are staking then there should be info about the pool too. None of that is present here.

They dont show their team, owners or any contact information. All these signs point to a scam site, unfortunately.

This "stranger" who texted you on, let me guess, Telegram? - I am pretty sure that person is a part of the scammers running the site. So dont bother texting them back and block them.

A good point indeed. Getting a good education does not necessarily mean you have to spend a lot of money. Rather people should follow their dreams because then only they will be the most productive in that field. This is something that is overlooked in the money making race. Hence investing in that type of education will have a future goal of making money and therefore a worthy process.

The importance of knowledge about what you are putting your money into is no doubt carrying importance. Even today I find people ending up on huge credit card fees because they forgot to pay the bill in within one month because someone selling that card twisted the cashback info - a pretty common thing done by creditcard salesperson. These are things that draw away money from your just because you did not have proper knowledge.

I would agree on the rest but disagree that you need rich parents.

Many people come from poor families but are willing to work hard and get a proper education so they can pursue their dreams. If they manage to get through the rat-race though, they will be earning well and then they will be saving and investing. Of course being happy with your earning is a relative term but I think I made my point.

Unfortunately not everyone is able to make it through - that is where the difference lies.

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You can essentially start saving up on costs in different aspects of life. Saving does not necessarily means hoarding money, but cutting down costs as well. Giving an example:

When you buy a new phone try giving your old phone to your parents so they dont have buy new ones, since the companies that produce them essentially want you to buy one every two years. You phone -> parents phone -> This can be a method of cycling the phones and selling the oldest phone from the house.