It cannot be helped. There are some news websites out there that do not verify first and publish articles in a blast in order to gain popularity and publicity. Whether the news have a negative connotation for Bitcoin is not the concern of the news website because bad publicity is still publicity. Unfortunately, they just contribute to the FUD instead of spreading useful information worthwhile reading to the public.

I'd have to disagree. I think a better term would be 'circumstance' not chance. Although there are those who get rich in an instant like those who win the lottery. People like them get rich because they were lucky - a lucky 'chance' for that matter.

But then, many get rich because of the circumstance that they're in. They're born from a rich family and because of their background, they have the resources to exploit more and eventually get even richer. Those who are born in a poor setting have a harder time of getting rich, or attaining wealth. Thus, because of the chance that they're born in, this dictates their status in life. Even those intelligent or talented that are born in a poor setting would still have a hard time getting up the ladder, no matter how good their skill is or how intelligent they are. But then again, there are misnomers to this standard and some are able to get rich if they work hard enough.

As a conclusion, the best determinant of wealth would be ourselves and how resourceful we are. No matter the circumstance that you're in, it would be up to you to make out the most of what you have and to determine our own fates.

There has been plenty of speculations from the past saying that bitcoin is eventually going to crash especially with the rate of how the price has been performing. Since bitcoin is said to be unstable, many are expecting the market will crash in the near future. As an investor, it is everyone's fear for a crash to happen - and not only with bitcoin. Even with other investments, there is always the fear for a crash. It cannot be avoided to have a little fear since our money is at stake.

Actually, they treat bitcoin as if it were a fly. They see it as a nuisance, something that bothers them but not worth much of their attention. Right from the very start, they have been negative with bitcoin and it's either they're too stubborn headed or simply uninterested. This is the normal behavior and reaction of people to unfamiliar things to them.

Bitcoin has its advantages over fiat but for now, it's not yet superior over it. In many ways, fiat is still more adoptable compared to bitcoin but we can't say what will be the future for it.

It should then be the responsibility of a trader to know and be updated of the laws of their country. The maxim of 'ignorantia juris non excusat' literally says that ignorance does not excuse you from the law. It would be a shame if the traders were simply going about their normal discourse of business and were arrested for this just because of a prohibition within their country. Even i you were not doing anything criminally, having these kind of laws would spell trouble for the common man.

Many of the successful businessmen did not immediately take off from their first business. I’ve heard of several success stories where it took them years first before they actually made a hit. Many have lost a lot of capital first and tried to find out what is the most suitable and would lead to good profit.

It’s good that OP has considered the option to use their bitcoin earnings to open up a business but I hope that you keep in mind that first, business do not allow you to profit as fast and it would take some time for you to recover your return of investment. Don’t expect to instantly get rich by opening up a business and take time to make research. Businesseses can’t run on its own and having enough capital (from your bitcoin earnings) does not exactly mean that it would work out.

I have the same thoughts. Although the implementation of merits is an addition to the forum, it has not developed a new economy. A lot has already expressed their concerns towards the merit system and we are yet to see the effect of it and whether it is going to be beneficial for the forum. By saying that it has created a new economy, it would mean that there is some management of the "resources", and there has been production and consumption of it; which cannot be related with the merit system. It may have brought about new behaviours - people trying to fish for merits, merit farming and the like but not an economy.

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It may be not just for control. The governments may have imposed taxes in order to generate revenue. Crypto is something beyond their control, and akl that they could do is impose regulations or choose to ban it from their country. To take advantage of the vast growing number of crypto users, they could impose taxes so that they may have some revenue and use it to develop the country. It is their role to provide protection for the citizens from scams like ICOs.

It’s true that by imposing taxes, the government would be able to generate revenue and possibly use it to develop the country however the bitcoin users may not agreee and would possibly be against the idea of having taxes imposed. Also, the government will have a hard time imposing this because they have no control over crypto or the blockchain unless they choose to regulate exchanges or the income of bitcoin users. The bitcoin users may then either hide their cryptoholdings or choose not to have it converted to fiat at all and just hold their coins.

I don't understand why there's so much fuss over his cryptoholdings. Why should it matter whether he has any bitcoin and the amount of it? His lack of involvement over cryptocurrency may be because he has no interest over it or he is busy with other matters. If he were Satoshi, he may have wanted to keep a low profile by showing disinterest. For someone who is knowledgeable of C++ language, his disinterest over bitcoin or blockchain technology is quite somewhat suspicious.

What do you expect? The world revolves around money.


That's not true. Although a huge majority of the shitposts in this forum is contributed by bounty hunters and signature campaign participants, it cannot be said that every single user would be happy with the merit system even without the presence of any bounty. The merit system has been detrimental for those who need to rank up and participate in bounties which has made a lot of them to complain and hate the system however this does not necessarily mean that the merit system is beneficial or favorable for those who are not involved in bounties.


The thing is, sometimes people don't need a quality post to see a signature. So long as it's in a thread, it would attract attention. (the more times it appears in a thread regardless of it's content, the more attractive it is). And this is probably why some campaign managers hire participants not for the quality or content of their post, but because of often the user posts in numerous threads and sections of the forum. The signature still gets promoted in that way, which is the reality of campaigns so to speak.

That's not always the case. Some millionaires are actually still greedy even if they already gained millions and have more than they need. This sometimes cause the downfall of others because greed may blind you and would sometimes lead one to make bad decisions. There are some rich people who still spend very little and their lifestyles are frugal. This lifestyle that they have may have led them to become rich and they continue to do so which makes them even more richer. There are some well known magnates who are like this.

It's not always true that the poor are poor because of their lifestyle. It may be because of their circumstance and the current economic situation within the country. Those who were born poor have lesser chances of unlike those who are already rich who have vast resources already on the palms of their hands. Even if they adopt a certain lifestyle, they may continue to become poor because of the system which prevents them from surpassing to a higher class.

Even with the presence of numerous exchanges, the SEC is still compelled to assure the security and protection of its citizens. They have within their power to create legal actions and pursue scammers. Once a country's citizens are affected and become victims of a scam, then the government will step in and start to interfere with the affairs of exchanges.


This is what may likely happen, however if this is what should be done in order to get rid of scammers, then I'd rather support these kind of government regulations. Instead of having an open market for traders, it may be too open to the point where scammers would be able to exploit us.

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There are some games which are similar to faucets, and will allow you to claim free satoshis after a period of time, or once you click a certain number of times. The earnings are very meager however and you would have to dedicate much of your time before you are able to earn bitcoins. There are also other apps available wherein you may watch videos or ads and you are payed in cents (USD/peso) for each one that you watch. My advise would be to look for alternative ways to earn because based on experience, these kind of apps are just time consuming and not worth your time and the effort.

I heard it's tradition of the Chinese to spend money during their New Year. If they spend and give out money, they believe that they will get lucky and prosperous for the rest of the year. Chinese are very good businessmen and they would go through certain extents and traditions so that their businesses will be a success. If that were the case, then Chinese crypto-users would cash out the crypto that they have and this may cause a dump or a small price drop - as opposed to what OP has said.

It's sad to say that the rich really have an upperhand because wealth comes along with power and privilege. They may have some manipulation and this is because of how society works. There's really no easy way to get rich. Everyone has to work hard in order to get to the top and sadly, if you are at the bottom you hardly would have any resources for you to get on top. People who are rich are already on top and have unlimited resources which the people at the bottom do not have access to.

This is probably why there are still scams that prevail - because there are still many who participate and this generates huge income, usually for the scammers. Some participants think that they can outscam the scammers and readily exit the scam before it bites them in the butt. Of course, this always backfires and many are victims of elaborate scams.

I still believe that a majority don’t know about scams and are just simply ignorant fools. They fall for the promise of high returns and some are just desperate to have some profits. Most scams are elaborate enough to attract those who think there’s such a thing where one may get rich in an instant.

Far from happening. Governments will always try to attempt to take over control - even over things that involve technology such as crypto and bitcoin. It’s good that countries are now adopting but I think what would come next after this are a bunch of regulations. Just now, countries are already attempting to have some control on the matter such as the bans made by China.