The initial perspective that they had over it was initially wrong, and I think that is already getting corrected as they have seen that bitcoin has not threat to their rule of power at all and there is chance for them to actually regulate bitcoin if they want to and at the same time, also benefit from the use of cryptocurrency by their citizens when used for trading and for some other business that could make more money to come into their pocket.

It will even be foolish of the US government to keep pressing to shut down bitcoin at this level that cryptocurrency has grown to because there are so many world's leaders that are beginning to even legalize bitcoin, like France, japan, Switzerland and the rest even though some of them are just on the verge of legalizing them.

You should have just researched for which exchange is the best exchange and not just click on random ads that pops up on the internet. You should check out Binance, they let you trade a lot of cryptocurrencies and not just Bitcoin and Ethereum. There is also the Kraken exchange, and it's one of my favorites.

When I started I used Coinbase but as a wallet and not for trading, because I didn't really know anything about trading then. But according to some people, like I see on this forum, Coinbase is the best for newbies and you're a newbie. So, you should also put that into consideration and check it out to see if you like their exchange.

And you shouldn't go into trading without learning everything about it, there is a risk of losing your money. If you study about day trading you will be able to reduce the possibility of losing your money. Make use of stop orders and limit so that you would not lose much in case it happens.

@OP
Lol, is there any expert that can really claim that they have the perfect solution to really knowing how to identify a fake project? It is quite very difficult top actually know a shit projects now, at the early stage of these shit coins when they still have very well system too, we could use their whitepaper and team to discern some, but whitepaper is so difficult to be able to discern these projects now, they even do hire Blockchain developers now to help them write the whitepaper, and the team even look genuine when you see them.

It is because it has become difficult that made me to result into allowing them to have stayed long in an exchange first before thinking of looking at their project for any investment in them, so indirectly, I dint do new projects again.

From which source did you find out that the majority of the people in Nigeria does not have any bank account? So if they don't have bank accounts, do you think they are into cryptocurrencies? If someone doesn't have any bank account then there is zero percent chance that they are making use of cryptocurrencies. That's not true, I don't know which source you got that information from, but you're wrong.

It's still your choice to make but I believe that there are lots of things you can do that will make you money. You can still invest your money in bitcoin but know that there is a chance for the price of bitcoin to decrease at anytime. You don't know what it will be worth in the next coming years. So you're still taking a risk.

I have worked for lots of clients on various projects and collected bitcoin as payment. Though most of the times I would sell the bitcoin and convert to cash if it's a time that the price is falling. Sometimes, I am not the one to recommend cryptocurrency, my clients are the ones that sometimes say that they will pay with crypto.

But, before I accept crypto as payment for any work it has to be someone I trust or a big business that I'm sure they wouldn't like to mess with their name. I don't just see a random person and tell them to pay with cryptocurrencies because I know what people can do, there are lots of scammers out there that are looking for nothing but free work.

Apart from accepting bitcoin for work payment, I have not used it to buy anything online, because I don't really see it as a safe option and by the way I am not ready for the stress. I prefer other payment methods when I'm buying online.

I would leave part of it still in the wallet for future purpose because of the time that it will get to fir us to start using bitcoin as the main cryptocurrency, so that I don’t have to start buying cryptocurrency then at an expensive price, so if I am even still considering changing some of my bitcoin to fiat for other investment reason, I would still make sure that I have enough bitcoin, but the remaining part of It is strictly going to business.

One of my first choice of business is actually landed properties, that is more like going into real estate business, because this is one of the business that is really booming in my country, and after this, I will have one of the biggest fashions company in my country where I can even earn more bitcoin by accepting it as means of payment.

I think this is why those countries actually need to leave the idea of them creating their own currency because it will just be unnecessary competition everywhere, they all have one common goal, and that is their responsibility to the human being that has been placed in their hand to control, and having one single currency will only unite majority of these brings in different part of the world together.

This is what many of these big countries like china, Switzerland, south Korea, France and the rest have seen that is making them to now give a thought to cryptocurrency, even though they are still, kind of shaky about it, but I am sure that soon than later, they will all give in to bitcoin usage as one coon currency amongst them all which I don’t think that it will have any negative effect on any of them, except for their selfish nature.

This is why I chose to stay with the top exchange because I really see that we have meaningless projects in the market and if you are not careful to be disciplined and stay with very well recognized projects alone, you may end up falling into some of these scam projects.

If we had regulations, I am sure that the 2000+ tokens that we have in the market would not have been possible because the regulators will really filter all the tokens and make sure that they exempt all the projects that looks like it’s a duplicate and also ensure that all the project team and developers are really verified before they can get to announce their project to the public or try to get money from the public just like they do in IPO which we may really find IPO projects free of scam.

The way I see things here sometimes, I don't think bitcoin is ready to replace banks and I don't expect that to happen, for real. I still see some people here saying that we need a cryptocurrency bank, lol, why do you need a bank to handle your cryptocurrency since you say that you need freedom? Having banks to handle your cryptocurrency is still the same thing as it is now, so there is no difference. It's better we continue with what we have since people are not even ready.

If you want to make use of cryptocurrency you should understand that it was created to give you freedom from banks and to give your hundred percent control over your money, so stop looking for banks that will handle it for you, you should accept the responsibility yourself and know that the safety of your money is left in your hands.

From the points you have mentioned, op, I don't like that there are irreversible transactions, that's the thing that scares people the most when it comes to using cryptocurrency because they feel that they are not safe with it.

The basic reason why people choose IEO over ICO is simply because of safety, you remember that IEO came when we are having challenge with the trust of investors after most of these scammers and hackers started taking advantage of the system to dupe investors, and exchange felt they could come up with a program whereby they will do there due diligence on projects first before asking investors to invest in them which has been very effective.

Unfortunately, it seems like the IEO is also taking another dimension too in a negative way as some of these smaller exchanges who does not know how to handle the project wants to also ride under the hype of the IEO to quickly make money and this is giving chance to some of these scam projects again.

I am fine with preev.com as I have been using it for years without any problems. But, I feel now they are not having enough altcoins support. I mean we can use preev only for BTC, LTC and dogecoins. But, now I look for using waves for my payments hence for getting quick USD rates for my waves; I look for any new services.

It would be too good if we are able to add/select more number of coins similar to how we are able to switch different currencies and gold, silver on the other end. Some years back people mentioned about few alternates of preev when preev was down for few hours. But, I could not recall them as it was very long back.

From the information I have gathered it seems this project is legit. I even saw their post on medium where they explained everything about the Sessia (all called social marketplace) project and the tokens known as KICK which offers fast and cheap cashback solution. It's good, and its legit from what I have seen.

But, being legit is not the only thing that matters, another thing is whether the project is going to be successful. Sometimes you can't really tell. I have seen similar projects that didn't really work out, but I like this one though.

The thing is that Blockchain project are mainly all about risks, you should only invest what you can afford to risk and not go with lots of money out of greediness so you won't regret it later if things don't work out at last.

I'm a tech enthusiast, though I like the fact that I'm able to make money with cryptocurrency, I also like the technology. It's kind of cool when you tell people that you make use of cryptocurrency and I like also the crypto wallets and the kind of freedom they give. It's just really, really great.

Another thing is that I do have this feeling that cryptocurrency will one day take over, although I don't know if that's the truth. But whatever it will be, it's good that I was able to get into this early and be a part of it and watch the crypto space unroll to what it is today.

By the way, cryptocurrency is the first investment that I have ever made and I don't regret it. I have always tried to be invest my money but most of the projects I come across usually come out to be fake or something I won't have interest in.

The promised that these people make to be listed on a very big exchange is one of the thing that has blindfolded lot of hunters and make them look for allocations of project that will make them to make more money because they believe that once the project sis being released, they will really make so much money, which is not always like that.

They only use this to deceive majority of us into buying their token which I think is a very wrong criteria to use in judging a project right now, we should not look at allocations of these project alone, but we should look at the content of the project and how Quality the project it that even if they have a very low allocation, we will be sure of them paying us after the end of the project.

I would not doubt this also, we have very good and sound analyst in this market and many of them could not have been that bad to have been having wrong prediction no matter how volatile that the market may seems. We just keep blaming some predictions that has not come to past, it is not that the analyst didn’t get it right, but because of the manipulations that is coming from these types of countries is the reason why all this is happening.

China has so much money, and they could honestly use it to manipulate the market, and I think that majority of us should learn to always adjust to this also and move along with them in whatever way they are operating, like when bitcoin fell to $7500, I know they would want that to discourage people, but rather, I bought more bitcoin because I know they will still manipulate it up.

I would not say that it is an healthy move because most of those projects that you are looking at don’t seems to have real working product backing them which means that at no point would they be able to get volume for the market other than the ones they have gotten at the initial stage of their ico when they made lots of hype for presale.

The disadvantage of this also is that it will get people confuse, because the more project that we have in the market, the more it will stress people to stand finding the reliable ones out, but if we have few projects, it would not be really difficult to be able to select anyone that we know will be of great value or asset to us in the future when the cryptocurrency start getting being used more than it is now.

As at the time that op was complaining of bitcoin being down, imagine that he never paid attention to those ones creating fud and saying that bitcoin is going to  $3k, $2k and so on and then make more investment then, I can imagine how much his profit would have been for now, look at me that took advantage of bitcoin when it came to $7500, and despite the fact that I already had so much investment in it before which I am yet to recover, I still bought more coins, and now, I am carting away with a profit of over $2000 just within 2 months which in the country where I live, I don’t even earn up to $500 per month and this is what people should learn, we need to learn to be patient in life and try to study our investment before making a move for it.

Asia is generally a very large continent which I think is even the largest in terms of population, and we only need the larges countries in these continents to really buy into the idea of cryptocurrency which I think that with time, they will all do. We could see how effective their participation is in cryptocurrency of recent when it was just a statement by the president of the country of china that is making the value of bitcoin to start rising all over again, just because people felt relieved now that he is buying into the idea of blockchain.

I wonder what will not happen if he comes openly one day to specifically talk about his support for a particular coin, which I know will be bitcoin, but anyway, this continent Asia could really be a very big asset to us if they accept crypto fully.

The last time a new exchange was released and could be trusted was during the time of kucoin exchange and after kucoin group, I don’t think we still have any exchange that has been released without the intention of scamming people. I am not even sure that any of these old investors will ever even look at new exchanges with all the experiences that they have in the market.
 
Most people that usually go for new exchanges are new cryptocurrency users and investors who lacks the knowledge of these old exchanges and those who are too lazy to make research, which is why most of those new exchanges don’t even get the real volume that they need, and even if they fake volume, that would still not attract any of these old users of cryptocurrency.

You can see how the developers of those coins are really not paying much attention to those coins because they have no gain on them, many people you see here in cryptocurrency really wants to make profit, and if there is truly a fee less coin, then I don't think such coin will grow. Look at the way that we have decentralized exchanges, but people still left those decentralized exchanges to go for centralized exchanges and I think that is the way people actually want.

Anyone that is creating a fee less currency now is only wasting its time as not many people would be paying attention to it, people will still prefer to use the most reliable and stable coin in the market  which is bitcoin, which I also prefer to use more than all these currencies that is being mentioned.