Like what I always mention, quitting an addiction is easier said than done. if the individual cannot seem to discover or realize that he/she has issues with their respective addiction, then they would only close their doors towards help or support from their peers, friends, relatives and parents. The key to addiction is always self-realization and continuous support despite being ignored. At the end of the day, everything has its own conclusion. Gamblers would tend to lose their sanity and deviate themselves from society- which may ultimately lead to suicide.


That my friend, is one primary example on how gambling creates this endless illusion of betting their resources with the hope of regaining or recovering back what they lost in the past- which only makes their situation a lot worse. Though gambling may be profitable short-term, if you make gambling as your bread-and-butter of earning income, then relying something that is risky in nature would only make your life at the edge. Try your best to make gambling as a form of entertainment because even if you win the battle today, you still lost the war as a whole.

Comparing it to the traditional way of investing money, millennials are starting to uncover and the trend of investing into a new platform, which is the new age of technology and payment transactions. Back then, people used to invest their resources into banks, stocks, treasury bills and notes while millennials are considering new and effective methods in order to achieve results faster. Most investors who are inclined into the traditional way of investing (like what I just mentioned above) disapproves on bitcoin, as they believe that its intangible, decentralized and volatile nature would be their bane in the future. Little do they know that cryptocurrencies are indeed, the new age of investing resources. But what like any investments, risks are still involved and it is relatively higher compared to others (due to the lack of security and collateral provided).

The blockchain, which contains complex processes and systems, revolves around the developments provided by scholars and professionals. If they are able to crack the code furthermore in the future, then expect government agencies to at least, support this development in the society.


Well, ANY smart investor would know that diversifying their investments would lower their risks of losing most of their investments in one go. I doubt that millennials overlooked this kind of scenario- considering that most of them has a future-oriented way of thinking.

Technically, this is the ideal scenario for most traders as they want to maximize their profits before they exit/sell their resources. But it is easier said than done, as looking for the perfect opportunity to sell your resources requires time, dedication, patience and determination in observing the market. Nowadays, most traders are part-time traders, meaning they also have another obligation outside the investment world. Most of them are managers or employees working in a company and this poses a potential problem since their time is divided.
Again, this may be the ideal situation but achieving it may be difficult to most traders.


This heavily depends on the goal of each trader onto his/her investments. Though what you mentioned is a technique to maximize their profits, it still depends on their decision whether to exit or to continue their trading program.
The best time to exit trading, based on the collective information provided by most users on the forum, is when the market is down. Personally, you should always sell your resource above from the price you acquired them initially. In this way, you are actually reducing the risks of losing all of your investments in one go. But consider all of the money that you invested/traded as money that you are willing to lose.

The scenario might seem little to others but this is a huge step forward towards the implementation of bitcoin as an alternative payment to products/services. KFC, one of the biggest leading fast-food chains in the world, having to accept bitcoin as a payment, implies that it accepts bitcoin and understands it utilization in the market. If the blockchain technology could be further developed to uncloak its mysteries, then it may lead to enhancements or relatively scenarios (like this one) to sprung out in the public.
Though one problem that KFC might encounter is the transaction history of bitcoin towards their system. Relatively, some transactions under the blockchain take time in order to be accepted.


Very interesting. If the whole country has accepted its utilization in the market, it may affect other fast-food restaurants as well (subject to the acceptance of these restaurants). Again, this is a huge step-forward in the cryptocurrency aspect as it seeks acceptance slowly from countries. Assuming that bitcoin continues to affect hegemonic countries, then expect for a wide-spread implementation- ultimately being an alternative payment soon for most services/products.

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Definitely agree. The saying 'high-risk, high-reward' is living up to the moment, wherein you gain the profit based on the amount you invested. The higher the amount you risk, the bigger the gains that you will receive in the future. But it all boils down to your mental attitude and patience on handling the risks. There are methods in order to reduce the risk of losing all of your investments and you must be diligent upon following those protocols if you are determined to maximize your profits. Like what I always discuss, do not be afraid to lose some of your investments.

Experience is always the best teacher as it enlightens you about your mistakes or the things that you overlooked along the way.

The only way that I see prices of bitcoin being controlled at some level is when government intervention takes place at the cryptocurrency world. Other investment mechanisms such as stocks, bonds, real estates, and treasury bills, they are being controlled by departments and agencies. The reason for this intervention is to provide security, collateral, and also to prevent abuses made by companies to their likings. Bitcoin, on the other hand, is decentralized and volatile and nature. People prefer to invest into this aspect as the anonymity it provides is convenient to most individuals.


I agree. Most countries are starting to prohibit the utilization of such since they believe that its existence infringes the security and rights of an individual when it comes to investing. They believe that bitcoin does not provide any collaterals at all and is dangerous to the community. But once countries start to adapt and embrace its functions, then we might see a world-wide scale development and ultimately- a creation of an electric currency in the future (the ideal situation).

Compared to other investment alternatives in the market, they are supported and regulated by their respective government departments and agencies. Due to the control and intervention, those investment methods are far secured, reliable, and controlled at some level but the downside can be seen on the price yield. Most of the investment alternatives that are being utilized to date are relatively for long-term perspective. The reason on why individuals tend to shift from the traditional way of investing to the cryptocurrency world is its volatility and decentralized nature. They are able to yield large amounts of income in a shorter amount of time.

With the existence of cryptocurrencies in the market, it made it easier for users who have bitcoin to gamble their resources as it is convenient. The link between online gambling and cryptocurrencies have this direct proportional relationship since more people are prone to online gambling as they see their cryptocurrencies as money that they are willing to lose. They have the potential to be influenced a lot faster compared to people who gamble at casinos due to the convenience. Personally, the link made it stronger and it contributed more to the online gambling addiction present.

Not to be rude or anything but Bangladesh is a country who falls under the underdeveloped category, meaning that they value their resources more as it is scarce in the society. Anything that they feel that may infringe the security and rights kf individuals when it comes to payments, they prohibit it. With the case of bitcoin, since its volatile and decentralized nature makes it difficult for individuals for security. For Bangladesh, securing resources are more important than leaving anytbing that may harm the society.

There is a huge boundary between an educated trader and an experienced trader. An educated trader has the necessary knowledge, techniques, and theories about trading while an experienced trader gained his expertise from experience. Think of this way, companies would rather recruit graduates who have work experience over fresh graduates with honours. Being a successful trader does not necessarily means that you must have a degree with financing or business but it will certainly help you a lot. The key point here is experience as it determines the success of your profession or not.

Regardless of the amount, if the law on your country has clear provisions regarding the taxation of cryptocurrencies in general, then you are subject to comply regardless of the amount. But if there are no laws pertaining to cryptocurrencies and taxes, then you are not liable of anything. There is no crime when there is no law punishing it. Assuming that there is, please do not attempt to evade or to create any shenanigans since it might create a stigma that would further put cryptocurrencies in a tight spot which can ultimately affect everyone.

If you are not familiar with the process and the system, then I would not suggest that you pursue mining as an alternative method for earning bitcoins. The process and methods involved are too complex, not to mention the hardware, the space (with the right temperature), and the initial investment needed are too costly. The number of miners have been decreasing over the past years since they have been shifting into a new alternative rather than mining. Assuming that you pursued this method, consider that you are living on a tropical country- which naturally has a hot weather, may take a toll on those CPUs and destroy them in the long run.

Though the advice given may seem relevant to gamblers, the best way in order for them to remove their addiction is through experience, self-evaluation, and self-help. A gambler's mind is mostly clouded by the thought of earning money through the means of risking his/her resources. Their logic is flawed and irrational as they rely their finances on something that is unpredictable.
The only way in order for them to stop their addiction is when they are put in a situation wherein they ask for help. Though prevention is better than cure, a person who does not want any help will not listen to anyone. Just be there for them at all causes since once they are put in that situation already, then your intervention may be the key to fix their addiction (they may result to suicide if no one helps them at that specific time).

By just observing the price history chart of bitcoin, throughout the years, its price has been steadily increasing (with some dumps) in the market despite recent news circulating throughout the media. People tend to conclude that once its price decreases, then that would be the end of the cryptocurrency era. What they failed to realize is its volatility- which makes it a common scenario in the market.

Cryptocurrencies, bitcoin to be specific, will continue to grow as it revolves around the revolutionary system of the blockchain technology. We might even see it being utilized in the future as a form of electronic currency (which may replace fiat in the long run). The year 2018 will certainly challenge the status of bitcoin in the world as some countries are starting to revolt against it but other countries in Asia are starting to accept its utilization in the country.

It is possible but it primary depends on the savings that you earned along the process. Many individuals leave their current jobs to pursue their passion for business and they use their savings from their monthly wages as their starting capital. In your case, since you have been acquiring bitcoins during as an employee, then that would be a huge boost to your capital.
Now, starting a business is another topic and another discussion as it involves its own set of risks but using your bitcoins as a start-up investment capital is the aim of most individuals who invest into cryptocurrencies.


Technically, you are right but let us leave that to the discretion of the individual as the question primarily revolves around the decision whether to use his funds to start-up a business or not. Having to own a business is quite risky especially if you do not have any background or experience prior to it. But like what I mentioned, it it is a new topic and that is irrelevant from what he is asking.

Let me clarify you one thing: Bitcoin is not a currency.
In order for something to be a currency, it must follow the requisites such as: the government should legally accept it in order for the currency to be utilized in the system of transactions around the country, its value must be backed-up by something (like gold, etc.), it must be regulated by a government department, it must be centralized and regulated for its value to be controlled (to lessen inflation), and it must be accepted and practiced world-wide.
Unfortunately, some countries prohibit the use of bitcoin since they view it as a foreign payment used under the dark web for illegal transactions. Though its use may be a currency as some products and services can be purchased by it, it still fails to be seen as a legal currency around the world.

Despite the existence of cryptocurrencies in the market are more prominent, they cannot replace the standard currency (which is fiat) given the economic discrepancies over developed, developing, and underdeveloped countries. Embracing the blockchain technology, which compromises of a complex system with a need of technological equipments and developments, are only applicable to countries who are able to adapt as such. Countries who are from the underdeveloped sector have their hierarchy of needs and changing their payment structure is far from their priorities as of now.

Though it may be impossible today, it is still possible in the future when all countries are able to adapt such technology. Having a digitalized form of currency reflects convenience and safety among users as it eliminates the need for a peer-to-peer transaction. More importantly, the fiat based currency has been around since time immemorial. I guess we are bound to shift to a new era currency- which bitcoin may produce in the future.

Just to give you an example, last month the price of bitcoin were around $6,500-$6,900. When that happened, people panicked and spread news that bitcoin's dying and the world of cryptocurrency is falling. What people failed to realize is that its decentralized and volatile nature make those type of scenarios common to the cryptocurrency world. Technically, if prices are decreasing in the market, people should acquire more and invest in order to maximize their profits in the future. But low prices are not usually an indicator to invest as you are still bound to observe the market.


It is actually a stellar method. Assuming that bitcoin prices decrease, it is obvious that people should acquire more in order to maximize their profits in the long-run. A lot of individuals have become rich due to the method of waiting and being patient in the market and the reward for their patience is their current status- which is they are sleeping under loads of cash.

The decision lies on the goal of an individual, whether they aim for being rich or their passion. Investing into bitcoin has the potential of earning you large amounts of cash in a relatively short amount of time (compared to other investment mechanisms) and the convenience it provides makes it easier for people to acquire it. Just to add, bitcoin has also the potential of replacing the current currency used around the world IF each country starts to embrace the technology of the blockchain technology.
On the other hand, investing into education is something that no one could ever take away from you. The knowledge, skills, techniques, talents, and experiences you gain from education are impeccable and irreplaceable. Many investors nowadays are thinking of just investing into bitcoin due to the mindset of making them rich in the long run. That's the real problem. They invest into something that they do not even know the nature and background of it. How can cryptocurrencies develop further if people start to neglect education and chase for profits?