If you are planning to hold the coin for the long term then stop loss may not be needed because when it dips, you just have to buy more so that you can average down since you believe that the coin would one day go too the moon. If you are trading for it for the short term then stop loss is important so that you can prevent from being a holder because you cannot sold it early. You just have to remember that it takes a higher percentage to go up than the price to go down.

For example, if the price went down 10% then the price should rise up again 11% so that you can break-even. If the price went down 50% then it should rise up 100% for you to break-even again. The more it dips, the harder it is to recover again in a short period so it would be better to have a stop loss maybe around 10% and wait for it to reach a potential support and buy again.

Since it is hard for the government to stop the people being involved with cryptocurrencies then might as well take their cut from it. If they continue to be against it then those who would like to still continue would do every means necessary so that they can still trade and earn cryptocurrency. If they legalize it then they can take their share of the profits and it would be a win-win situation. Some may be against regulation in cryptocurrency but still I would prefer it than being declared illegal because I wouldn't be able to earn from it anymore as I want to be a law-abiding citizen.

It is really hard to stay positive especially when you bought right the top or near the top. It seems that you cannot recover anymore if you have negative thinking and maybe for those who were hyped and just entered the crypto world during that time, half of them maybe sold it at a loss and moved on leaving the crypto world totally and the remaining ones just hold on to their coins hoping for a comeback and eventually be in profits. The ones who borrowed money to invest in bitcoin may have some problems already on how to pay their debts so they have no choice but to sell it and find other means to pay for the balance.

I always believe in the power of positive thinking because I have witness it not only in crypto but in other aspects of life. If you have problems then you will not be able to solve it by just sulking and accepting the fact that you cannot solve it. There would always be a way if you remain positive. In crypto, if you just continue to trade then you would have learn more and even if your portfolio is at a loss then maybe after some time , you will be able to get back your losses by trading slowly.

If you can obtain a copy of your trading or how you were able to get your cryptocurrencies then keep copies of it. You can use it when the government decides to question you about it. If what you earn in crypto is taxable then pay your taxes so that they cannot held you accountable because you did what you are supposed to do. You may have problems with your banks though because when you transfer a big amount and it is an amount that is quite questionable then the AML would be alerted so if possible, try to transfer only a low amount so that they will not be alerted. It is too bothersome to explain even if you obtained the coins in a legal way because they would find a way to suspend your account since most of them (the banks) are against it.

A successful trader learn from his mistakes but a gambler don't learn from it. A trader uses what he learn to be consistent in his trades while a gambler do not care what his past mistakes are. He is full of emotion and rarely have a plan. He just go with the flow and if he wins or have profit, he would want for more and when he lose, he tends to get back what he lose by trading more even though it would burn him if the trade doesn't go his way. According to a study, only 10% becomes a successful trader because majority of the people tends to become greedy and emotional when trading so they got burnt every time and eventually make them quit.

Yes there may be some pros and cons when people opt to use blockchain-based platform than those centralized ones but still maybe this is the time for blockchain-based platform to show what they got and why they are better than facebook and youtube. This scrutinization of facebook may be an eye opener to some people to use the decentralized ones rather than the centralized ones wherein they hold our data. They are getting stricter anyway especially when it comes to cryptocurrencies so people wanted to have a way to express or spread information about it.

If you want to learn it the formal way, there are already existing universities offering these courses. You can search the universities in your area and ask if they offer these courses because there is more demand nowadays. Check this news http://bitcoinist.com/university-students-rush-take-cryptocurrency-blockchain-courses/

If you want, you can check also and take the courses online. You can check here https://www.coursera.org/learn/cryptocurrency

You have a lot of choices, it depends on you in what way you want to learn. If you want to be just as the majority, you will read whatever information is possible. There are a lot of resources in the net. In this forum alone, you can find a lot of information or you can watch videos in youtube as well.

You are right. It is hard to explain to someone what cryptocurrencies are so I would just make stock as an example. I would state that cryptocurrencies are just stocks wherein you would be able to buy and sell them and they can be use to pay for goods and services too that's why they are better than stocks. I am not saying that when they bought a coin, they would be part owners of the company but they would just be owning one of their assets. It is more of the concept rather than what the actual use of stock is. You can either buy and sell cryptocurrencies, fiat currencies or stocks because all of them have the same concept when it comes to trading.

It would increase crypto market because big institutional investors would be able to trade then which prohibits them from entering the market now because of lack of legalities or regulation. There are still problems regarding the recognition of cryptocurrencies when it comes to financial matters so having a regulation would have a guideline that would help the people how they would treat cryptocurrencies. In effect, when more people, businesses or institution get in, trading volume would increase.

Even if there are lesser ICOs because only a few can launch it since there would be strict requirements, this is also good for the crypto community because it would prevent or at least lessen the scammers that are just launching ICOs to get money of the investors and then run. The already existing coins would just grow in price if their developers would push through the projects and still the volume would increase.

There is even a significant reduction of transaction fees now before the implementation of lightning network so the implementation would attract more investors and users and in effect, higher demand and price. Anything can happen within the year and there is a possibility that the speculation of $35k may be reach even before Quarter 4. Even if the price is just going back and forth and not reaching even $10k for a month already, there is a hint that it may go back up soon because of various good news. This may be the change of market sentiment or the manipulation of whales. Either way, we are happy as long as the price recovers again.

Yes it is possible that an already established company can just launch an ICO to raise funds. It is even possible for an individual that have no existing business before to launch an ICO so what more for an already existing company. It would even attract more attention to the investors especially if that company is already reputable. Some example of these companies are telegram and Kodak. More information in this article https://blog.icofunding.com/meet-a-new-generation-of-icos-launched-by-existing-companies-4-examples-1e15ab3af422

They are already established company but still they launch an ICO. They may want to expand their operations as what you mentioned and wanted to integrate blockchain technology as well. There may be a few companies now but as time goes by, more traditional companies would transition to blockchain technology as they see the importance of it in their business operations.

I do try to make a 2% gain every day but we know that it is hard to do it consistently. Yes you can easily say that in this market 2% is nothing and I thought that it would be simple too because we have seen large movement of the coins of even 100% gain in just one day but it rarely happens especially in the market we are in now. Reaching 2% gain is harder than I thought it was.

What I realized in this bear market is to take profits whenever my target profit is reach and do not be greedy and cut losses when it already reach to a price that I already would have a loss of about 10%. I want to trade as often as possible that's why I target those percentages. When I let my losses run then losing 50% would need the price to recover 100% to at least have a break even and I do not want to wait for the price to double because I want short term trades.

Good points OP. It is important as well that you have a good marketing team and constant communication to them and the investors. Even if you have a great idea and project if you cannot relay it well to the people and cannot reach enough investors then there is still a high probability that your project will fail. In this forum alone, there are a lot of bounty hunters who are willing to promote the project but they become discourage when there is no proper bounty campaign manager who do not update the participants about the status of their shares or stakes.

When a manager and the developers as well reply to the investors and promoters of the project, it gives them a peace of mind that the project is doing well. Marketing should be continuous and well planned out even after the ICO so that you can attract more investors to the project. Being updated about what is happening behind the project is important as well to the investors so that they wouldn't pull out their investments. As you can observe, even the biggest companies who are already household names still make advertisements.

Well this would push the people to use the cryptocurrencies for their actual usage which is a payment option rather than for speculation purposes. With the usage of it in social media wherein most people have accounts then this would reach more people and to spread awareness as well that cryptocurrencies are not just used in illegal activities but can be used for daily transaction as well in a legal way. With S.Korea being a country that is in advanced technology then it would be easier for them to implement it and maybe other social media sites would consider cryptocurrencies in the future especially the giant ones.

The small fish in the sea cannot beat the whales so what we can do is to ride with them. It is not easy to determine what the whales are thinking and since they have been communicating with each other, they can decide whatever they can and move the price without problems for their own advantage. For us, we can see some hints on what their next move will be base on the movement in the price, the increase in long or shorts or the sentiment of the people through media manipulation. We can either hold on to our coins when they decide to push it down and maybe accumulate more of it and ride it when they decide to push the price higher.

We know that casinos have house edge so they have a high probability of making profits more than the gamblers winning and taking their profits that's why they suggest to some people to just invest since they need the money too if some people got lucky and they need to pay that amount. If you wanted to enjoy your gambling experience and have profits too when you lose then it would be better to invest on the casino because either way you are getting something whether you win it through gambling or interest in your investment.

I think when there will be no arbitrage opportunity anymore then wallets will not be in maintenance anymore. I have observe this one happening numerous times not just in Bittrex and Poloniex but in other exchanges as well. When you see a low price on one exchange and high in one, do not just immediately buy the coin but check first the exchange that you are going to sell it because there is a probability that its wallet will be on maintenance. Besides, doing an arbitrage like this is not ideal because there is a probability that the price will already be taken before the coin reach the exchange and if you decide to sell it, you will end up at a loss instead because of the fees.

With a lot of FUD spreading around lately, this is one good news. Now I am more convinced that the market will turn around and more good news will follow because the one who control the media wanted people to know that bitcoin or other crytocurrencies are good investments. Regarding the adoption of retailers, it has been happening around for sometime but only a few knew about it because some are more focus on bad news instead of good and many are still doubtful about bitcoin. Eventually, when more people, institution and businesses adopt bitcoin, there would be more holders and more mature perhaps that wouldn't panic immediately with a bad news.

Many are still against regulation but I think it is needed for the people to know that cryptocurrencies are not just a simple invest and then wait for your profit to grow. Many are still getting the idea that it is just a HYIP because many are using it for their own selfish interest. When it is regulated and recognize by government then there would be trust and confidence of the people which would result to mass adoption.

Day trading is fun if you are having profits but it will not be fun anymore if you are in the losing side. Day trading is like gambling when you don't have any money management and depends on luck to have profit. It is time consuming as well because you have to look at the charts most of the time to know when to enter and exit.

The advantage to this one is that as you trade more, you learn more that will help you on your future trades and if you want to learn fast in trading then day trading would be the best way to do it because you are not only honing your skills but you learn as well how to control your emotions which is very important to have a rational mind when trading.

More companies would consider adopting it because price would be stable so they would have a peace of mind because even if they will not convert the coins directly to fiat after the payment then there wouldn't be much difference. They would be able to reduce the fees too as they will not use any platform to convert the coins directly as it will be with their own discretion when they will do it.

However, the volatility of the crypto market make it more attractive for the investors and traders to get involved with it because of the opportunity to earn higher amount of profit in a short amount of time compared to traditional markets like stocks so hype is still good for the crypto market since the more investors and traders it has, the more volume it would have.