You should look at the bright side OP. At least you got $500. As for me, the token I held is already worth $2,000 but I didn't budge hoping for the value to go up more and then the bear market come and my token now is worth $150. If I sold it when it was $2,000 then I would have bought again at least 10x of the token I held before. Well, that's the worst decision for me because I was too greedy. I learned my lesson and intend to take profits in the future.

This is one of my experience as well. If the token I receive is big then I would sell half of it and then keep half so that when the coin pumps, I would be able to sell it at a bigger profit. If the coin become worthless then at least I got something from it. I have a bunch of tokens that I held now that are worthless because either it is a scam, the developers abandoned the project and some doesn't have any volume at all.

It is risky having your retirement funds in a cryptocurrency that has an unknown future. We all know that it is doing good nowadays but we don't know yet what will be the future of bitcoin as there is too much opposition with it and even if your country decides to regulate it, there are still chances that they will ban it in the future. It depends as well on what is your age now. If you are in your 20s then you have 40 years to go. Bitcoin may be very valuable during that time or worthless. It would be better to have an alternative source of income like investing in another investment vehicle like business.


Yes bitcoin is a good investment option and I will hold it for as long as I can and as far as it is valuable but for retirement funds, it is a no for me. It is very risky for me depending on a coin and there are too many who are attempting to get its position and when that time comes then its value would be diminishing. At least I would find a retirement fund that would somehow be stable.

In my family, I am the only one who is involved with cryptocurrency because they are not willing to be involved with it. My parents do not even know how to use a computer and many of my neighbors as well. They still deposit their money in the bank just like in the old days because they are thinking it is more secured than putting it in a wallet that they don't even know of. Majority of those baby boomers still trust the old system but the millennials and the generation that follows are already technologically inclined so for the next decade, many people would shift to save in their own wallet rather than in banks.

That's the reason you should not tell everyone especially in social media how much you have because in the future, it may become very valuable and you will be the target of robbers. There are already news of some robbers going to someone's home and have the owner transfer their coins to them and it would continue to be like this if one do not take the necessary precaution.

But then we don't have much of a choice if that is what the government wants. Government doesn't want to lose their control of the people that's why they are implementing this rule regarding KYC/AML. If you are not doing anything illegal then you shouldn't be afraid of this. There are rules anyway as to what point they can use our data so if we wanted to continue to use cryptocurrency then we have to abide by the rules. I know that decentralization is the key for us to have freedom from the government but then what can we do at this point?

There are many people who abuse this freedom being unregulated so they scam others. We need protection that's why AML/KYC is required especially in ICOs wherein we don't know anymore who are legit and scam. When someone strictly follow the rules then at least we know who are the people that are accountable in case something wrong happen.

Governance and responsibility among others are two of the problems involved in blockchain technology. Being used to centralization, people are somehow dependent to the leaders for decision making which is not the case when it comes to blockchain. All will be the decision maker when it comes to blockchain so there are times when we don't know what will be the outcome of something.

Responsibility is one of the problems as well because we like to find someone responsible for an act so that we will know to whom we can go in case we need something but when it comes to blockchain, no one has the single responsibility since the one involve are all responsible so you cannot pinpoint someone. Trust is not there that's why some are still doubtful when it comes to cryptocurrency being unregulated.

This is the mistake of most people trading because they do not have a trading plan. Whenever they see a coin that is increasing then they will just jump in and buy immediately because it is hype and then when they were dumped on, they would whine because they lose a lot and they have no choice but to hold the coin or sell at a loss. The biggest mistake is that they go all in in one trade because they wanted to have bigger profit but more of often than not, the opposite happen and they have bigger losses.

This is one way of minimizing risk because you invested in various coins but in a bear market, it is possible that all the coins will be at a loss so even if you invested in one or ten coins, you still lose some value of your investment. If you wanted to manage risk then at least have an acceptable amount that you are willing to take as loss and then sell your coin. You can trade again and get back on track. It is better to lose 10% than 50% because you are still hoping for the value to go up.

I don't think bitcoin would be dethroned if the companies decide to create their own cryptocurrency. They have different use case anyway so there is no reason for a traditional company creating a cryptocurrency to get the position of bitcoin unless they can be use every where. This tokens can be use in their own site to make their system efficient in which case not every one can use it. The one that can beat bitcoin is the one use by majority of people and that would potentially be a payment option that is a potential replacement to fiat and currently, bitcoin owns that position.

Having a centralized currency would be not safer than decentralized ones because when the one who controls the currency will be attack then all of the system will be affected while in decentralized ones, even if one is hack, there is still a bunch who controls the system so it cannot be easily destroyed. As for Government restriction, if they decide to make the centralized currency then they can just easily shut it down since they are the own who controls it as oppose to decentralize ones wherein no one has full control of the currency.

Since centralized cryptocurrency is controlled, they are easier to ban as well. If some of the countries would like to oppose the current decentralized cryptocurrencies then I think they would create their own cryptocurrency to combat it and only allow its citizens to use it. Centralized cryptocurrency is just analogous to fiat currency anyway since government has control of it.

Since the managers are the ones who has a reputation here in the forum then I look at the managers first that are trustworthy and those that I already have an experience before that paid the bounties and honest with its participants. If the manager has no reputation yet then I look at the rank of the manager because the higher the rank, the more trustworthy and knowledgeable he is in the projects so he wouldn't just easily accept projects that he knows has no potential. Besides that, if the team do not fulfill their promise to the bounty participants then his reputation will be bad as well.

Research combined with being lucky is the key to earn in bounty campaigns. Bounties have been a good source of income for me but there are times when I received a token that ends up being worthless. As long as there are bounties then I wouldn't stop participating as long as I can manage my time.

I don't think there is something good with pump and dump groups. It will just lose you money if you are not quick enough and some are using bots to get ahead of others. Well from my experience, I use to join pump and dump groups and I was doing well at first until such time that I lost what I accumulated for a month. The truth is that the ones who are organizing the pump are always the one in profit and others who join would just be dumped on. Aside from that, some exchanges ban those accounts joining such scheme so do not risk it.

This kind of scheme is illegal when it comes to stocks but in crypto since it is unregulated, many are taking advantage of it. Those people who are joining it will only learn their lesson when they experience it themselves. The problem with people nowadays is that they want instant profit but its not the case with P&D because you will often have instant lose than profit unless you are the admin of that group.

Diversifying your investments is a way of investing to minimize your risk and losses. Investing little by little is known as cost averaging. Investing in bitcoin is a better choice for me since it is like the center of all cryptocurrencies as its price has a big effect on how the prices of other altcoins might be. Through cost averaging, you can avoid having big losses because you can balance out the amount of your investment if in case it goes down. Your aim is for long term investment anyway so there is a higher possibility that you will grow the value of your investment given the situation that mass adoption will continue.

This is also a good strategy. Altcoins has a tendency to grow more in value compared to bitcoin because their prices are not that significant yet. There are coins that has a lot of potential but it needs a lot of research before investing into altcoins. If I were you, I would go for altcoins that already has a track record of withstanding with time.

Yes some people are afraid that government would decide to ban cryptocurrencies. I, myself is afraid that someday our government would just totally ban crypto which is bad news for me as I am earning more in crypto than in fiat at the moment and i would be force to let it go in case that happen as I don't want to violate the law.

Through cryptocurrencies, people find a way to freedom from the government but then here comes regulation and people do not want to accept it. We are already experiencing decentralization but then the government do not want to let go of their control which would mean centralization but I don't think it would be fully centralized if there is regulation because some of the transactions are still anonymous.

Yes eventually this would happen. We can see some countries already regulating cryptocurrencies and some of the biggest stock exchanges wanted to integrate crypto trading as well because they can see that more people are getting interested in it.

Some countries are not even strict yet with the earnings of the people related to crypto. Since they do not know how to recognize crypto yet, they just let it go that people are not declaring their taxes so I doubt as well that tax is one of the reasons. If you are earning from it then you still have an obligation anyway to pay taxes so for people not to invest in crypto just because they would pay taxes if they are investing in it seems not reasonable.


Media has a big influence on how the people perceive cryptocurrencies. Since the media is handled by big corporations, they can manipulate the minds of the people to think that cryptocurrency is bad. All I can see whenever I watch television and there is a bitcoin related report, they are focusing on scams. I believe that banks has something to do with it since they are anti-crypto. The lack of knowledge and trust are reasons why people do not want to invest or trade crypto. The lack of regulation to a certain country has a big weight as well.

They knew that cryptocurrency trading is getting popular so they don't want to miss the money that will be earned from here. Some of the regulated exchanges are already offering crypto trading so for them to offer it is a good move to be not left behind. Eventually, other countries with their own local stock exchanges would offer crypto trading as an alternative to stocks. Crypto trading then would be regulated because traders need to do KYC the same as trading with stocks but this is to be expected as more people and institutions wants to get involved with it and they just want to protect the traders and investors. As what you said, we have to be ready to violent changes but aren't we already at a violent stage now?


We are on our way to mass adoption which is good news because eventually cryptocurrencies would be use for their actual use as more people join. Bitcoin then may find its stability and will be use more as payment option rather than an investment.

There is always a risk that your identity will be use for illegal purposes by the time you hand out your Identification Cards to unknown people. But then if they are asking for KYC then it is a hint that they are compliant with the law and that would give them more credibility. I have read some guidelines about the right way of choosing an ICO and one of those is that they ask for verification documents for their protection as well. If the investor trust the team that it will be use for legal purposes then he can hand it out but if he smells something fishy then just move on and don't participate in projects that require KYCs.

Whether we like it or not, I agree with crypto industry being regulated because there are things that we cannot do for our protection because it is unregulated. We cannot just hold someone accountable in case he does something like run away with our money by participating in ICOs because they are anonymous. We may know their names through their whitepaper or website but how can we know if those people are the real people behind.

If it is regulated then the team behind those ICOs would be known since they are required to register and show their supporting documents. We may not like it because the government is in control again but what can we do? It would be better being regulated than being totally banned which would hinder the adoption of cryptocurrency.

So you are a break-out trader mate. There are many who are saying that technical analysis is not effective in crypto trading because it is more dependent on news but I beg to disagree as technical analysis is still effective especially when the volume is high. The more traders the coin has, the more applicable the technical analysis is because many are using it so there is a higher tendency that there will be the same support and resistance that the traders are looking or targeting so you can have a speculation what price you will buy and sell. Most of the TA traders are using the same indicators so the target price level and strategy would be more or less the same.


I don't think it is a good idea to follow the signals in telegram because most likely the admins of the group already bought and you would just be dumped. It would be better to just make it as a guide and then study the chart and decide when would be the right time to buy and sell.

If you wanted to trade without the need to verify your identity then you can do so in decentralized exchanges. They may have control in centralized ones but in decentralized exchanges, you can do what you want. If the coin that you wanted to trade is in a centralize one then you have no choice but to submit your verification documents. This is the government wants because they do not want to lose control of the movement of funds and they want a share too of your profits. If you think about it, this is better than totally banning cryptocurrencies in which you don't have a choice but to give up crypto if you don't want to violate the law.

Well there is the advantage of being the first cryptocurrency. Bitcoin is the one who started it all and it is still retaining its position being in the first place. When you are the first one who did it even in other things then you have the first mover advantage.

Bitcoin is the most popular among all other cryptocurrencies because even some people who do not know about crypto industry knows about bitcoin and some even think that bitcoin is the only cryptocurrency. Some countries accept bitcoin but do not accept other cryptocurrencies that's why it has dominance compared to others.

When people see the value of bitcoin compared to others, it would immediately attract their attention and then people would want a piece of it. Its value rise from nothing to almost $20k so people have hopes that it would rise again and then surpass its all time high that's why it is popular and the value of it has an effect to the value of other altcoins.

I don't think restricting all the ICOs would be a good idea because there are still ICOs that would be a big help to the people if implemented well. You just immediately conclude to ban all ICOs because there are others that are scammers. We know that many scammers are taking advantage of the situation now because people do not personally know them and only a few have regulations but it can be solved as countries are starting to implement regulations related to cryptocurrency and ICO.

Trust is hard to earn when it comes to crypto projects because you don't even know if the team would be able to accomplish the project unlike when you invest in stocks wherein the company is already establish and you can background check if the company is doing good or not through their financial statements.