I have a similar opinion. Making another stablecoin in a saturated market is a good way to go bankrupt especially if your coin is supposed to be another link between cryptocurrencies and fiat money. There's already so many ways to buy cryptocurrency that we don't need to dedicate time and money to try to make it even easier and at the same time more confusing.
The problem of crypto is not the lack of stablecoins! This is one thing we got too much of.

If he believes in it so much he should take a loan and buy every bitcoin out there that he can afford. All those people who make this ridiculous predictions have a stash of gold, stocks and fiat money hidden somewhere. Many of them own a number of houses. They could sell everything and buy bitcoin now and be billionaires in 3 years

It's easy to talk but much harder to put money where your mouth is.

Try mining gold without harming the environment. You can't even if it will cost you less. Also you can't mine gold just like that. Most places where you can do it already belong to someone.

If you mine bitcoin using renewable energy like it was mentioned by several people in this thread you are doing it cheap and without harming the environment. Sometimes cheap vs expensive is not the only thing that matters.

It's a new branch of the gambling industry. People who are interested in gaming will find something new in esports betting but many gamblers don't care about computer games and will not try out betting on them.

You need to have a very basic knowledge to bet and like to follow the scene or it's going to be boring for you.

Altcoins are declining and they will continue to decline because most of them don't offer anything new. You have to face it that most altcoins were being bought because people were hoping to sell them later with a profit. It had nothing to do with what they were offering or the teams behind them.

With bitcoin it's different. Some people are there for decentralization some for store of value some to support the movement and make a statement and all will appreciate the profits.

He means that anybody can make such prediction. There are only 2 ways Bitcoin can go and it's up or down. Usually when we are at a level for long it means the next move will be sharp. You don't have to be a genius to know that.

What you are saying is like looking at someone standing over the edge and saying he will fall or he will walk out of there safe. Since we know he can't be standing there forever there are only 2 possible outcomes.

It really doesn't matter. Even if you overpaid for mining equipment at that time you made a lot of money. People were selling miners in 2015 because they thought it was no longer worth it with Bitcoin at 400 dollars and less and now they see how wrong they were.

Bitcoin mining is no longer for a normal hobbyist. If you can't afford a big warehouse full of miners and cheap power don't think about it.

The market is shifting. Two years ago there was a massive altcoin boom and people believed that new altcoins will share bitcoin's success but they did not. Most of them were scams or failures and people did not really know what they are buying. They were buying promises.

Now new investors see all those failed projects and don't want to risk it so they buy bitcoin. The market will no longer take altcoins up as much as bitcoin and it won't change until Bitcoin reaches a new ATH then maybe some people will again think of differentiating.

Just wait until exchanges decide that mixers are the service they don't agree with and start booting users who use them. You may not be able to trace the coins but you can see that they went through a mixer.

Sooner or later some agencies will try to shut down chipmixer. I hope they have a backup plan for that.

I don't believe in these predictions. In 2018 they were saying that we will have a new high by the end of the year. In 2019 they are saying the same thing.

I know that this prediction by Draper is more of a long term one but there are many positive predictions as there are negative. We chose to believe the positive ones because we want Bitcoin to succeed that's all. Try to be objective. 50 thousand would be a big achievement for Bitcoin even in the next 2 or 3 years.

Max used to be an altcoin guy. He even launched his own altcoin Maxcoin. Words like that coming from someone who made money on altcoins don't mean much.
If max is as right about the death of altcoins as he was with his 2018 bitcoin price predictions then we are all safe

It goes like this:
Trading requires some luck, a lot of knowledge, some effort.
Investment requires some knowledge and less luck but almost no effort.
To gamble you need a lot of luck some effort but almost no knowledge.

Pick your poison!

It's important to come to trading with a cool head and start playing with profits as soon as possible. When I had my first money invested I always thought like all my investment is on the line at all times. This made me more scared and more impatient. Once you withdraw all that you have invested and start investing profits from your previous trades being patient becomes easier.

This is the fate of all altcoins. As time goes by people begin to understand that there is no place in global economy for hundreds of altcoins. People will want an alternative cryptocurrency that is easy to use and won't have time to learn about many other and watch their prices change. All laws and regulations are made for bitcoin and if any cryptocurrency becomes big it will be the one everyone knows about.

The truth is good projects will be harder to find because altcoins are in the decline. 2 years ago everyone wanted their own coin bot now people are looking at new altcoins with suspicion. Many people including Tone Vays said it that years ago when you created an altcoin people were talking about it and some known people like Max Keiser launched their own projects. Now those known people wouldn't do it because they know competing on this market is hard and most altcoins get abandoned.

The reason for this is greed and FOMO. It would be good if the price grew by 100% but 400? This is FOMO nothing else. The token is not revolutionary or anything but it's really overpriced despite that hack that binance fell victim to. People are overestimating binance just like they overestimated gox. History is repeating itself.

There are many reasons for that.

People can't count. They don't understand that while they have 50% chance in a dice game and the reward is double or nothing their chance of winning a lottery is less than 0.1%. All they can see is the reward which can be 1000x their lottery ticket. It doesn't matter that the chances are low all that matters is the zeroes in that reward.

Buying a ticket is much easier than playing a casino game or betting on sports.

They won't stop doing it. Most bounty hunters waste time because they're guided by greed. They will kiss ass of every shitcoin dev and later come back to tell a sob story about how they were cheated and not given a proper payment.

Devs are not saints too. They think of ways to discourage bounty hunters after they've done their job like asking for KYC before paying what they owe.

It's a really good list. I don't know about nr 1 but if you say that it's a trap I won't argue. The rest could be put under one short headline: don't be irresponsible. Gambling when drunk or with borrowed money or in anger is not a good idea. No responsible person will do it.

I hope some of the newbies who come here thinking of becoming rich will read your points and learn something.

It happens to the best of us. I sold at 6000 before the price shot up and had to buy back on the way up. We all make mistakes but it's impossible not to make them. This market is way too unstable and even stable markets aren't easy to trade. Making money is never easy.


This is a good way to compensate for our mistakes but the mistakes will still be there only with less consequences.