There is always a possibility that it will be use as a daily currency someday. As of now, it is not ideal because of the transaction fee and confirmation time. There are current developments under process like Lightning Network to solve this problem and segwit is already implemented which has lowered the transaction fee. If you can observed in here, many campaigns are asking for segwit address to have a low transaction fee which is one of the solution to counter such problems.

There are already other currencies that has low transaction fee and faster confirmation time but still people are more inclined to use bitcoin than those currencies because it has more volume and most of the exchanges use it as base coin. Some platforms only accept bitcoin in exchange to fiat so bitcoin would still be the must have currency as of now.

It is expected that when the ICO has a bounty campaign, by the time of the distribution of bounties, some bounty hunters would immediately sell their coins for various reasons that's why it is expected that the price of coin would go down and if the project has true potential then it would grow organically. There are some bounty hunters who would immediately sell their coins because they know that the price would go lower and then if they like the project then they would buy it cheaper resulting to having more coins than what they receive.

The strategy of some ICO though is to distribute the tokens after maybe a month after being listed in exchanges so that the coin would already be having a stable value and the distribution of bounties wouldn't affect the price that much in case bounty hunters decide to sell their coins. I saw some ICOs that warn their investors beforehand that the price of their coin may not moon immediately because some bounty hunters would sell their coins for whatever price at the beginning and they would see the price growth after a few months.

While others are panic selling, many traders are buying it because they know that this kind of opportunities do not come often and fear is the one prevailing. After the panic sellers sold their stash around $6,000, they saw it slowly climb up resulting to some traders who short the market lose more because they are expecting it to go down lower. Clearly margin trading is not for the noobs because you might end up losing your finds in a short period of time or if you know what to do then you will have unimaginable gains.

Trading is a roller coaster ride and whatever your capital is no matter how big or small, you should always have money management and if you can't control yourself when you have small capital then how much more if you have bigger capital. It is always important to have a trading plan and know when to take profit and accept that you need to cut lose if you are margin trading but if not then you have the option to just hold it until you have some profit.

As for the third reason, there are already ICOs that are doing that. They would require the bounty hunters to sign up to their site after the ICO because they would send their share of the bounty campaigns in the site's wallet. While the bounty participant is confident that he will be able to claim his bounty share, he is now discouraged if ever he don't have any verification documents for the KYC and there are even some ICOs in which you submitted the right verification documents but still rejected it so he would end up not being able to claim his share which is unfair because the KYC process was not disclosed at the beginning of the campaign.

However, there are some campaign managers that change their mind and did not require the bounty participants anymore to go through KYC process but will just directly send the shares to their wallet. It would be case to case basis then but later on, maybe all ICOs would require their participant to go through KYC process.

You lose an opportunity to have higher gains but you didn't really lose anything. You even have gains in your previous trade I suppose when you sold those Zclassic when it was $2. A gain is still a gain no matter how big or small it is. You can always have another opportunity and just be thankful that you were able to have some gains in that trade because others did have some losses in that trade when they bought ZCL higher. Just think of the possibility that if ZCL didn't moon and tank after when you sold then you would have been thankful that you sold it. There would always be other coins that you can have opportunity and do not be greedy cause you might end up losing more wishing for a higher price.

Many traders are encouraged to trade in binance because of the low trading fee. You will even have 50% discount in trading if you use their coin BNB for the fee but you will be discouraged upon withdrawal. If you are an active trader then this would be an advantage because you will always be trading so you will have low trading fee but you seldom withdraw so you only have to pay higher when you do this and making sure you withdraw only a significant amount so that you cannot feel that much the withdrawal fee. OP paid higher in transaction fee than the amount he received so we don't want that to happen.

Well it's your own choice to buy one whole bitcoin but if you are waiting for the price to go down as what you mentioned so that you can afford it then that time may not come. The last dip around $6,000 maybe the lowest price you could have bought it ever. If ever the price would reach $4,000 then there are still so many people who cannot afford it or those who can afford but are not willing to buy it at that price because they are waiting for it to go lower in which case they miss the chance to buy at a lower price. If you wanted to invest in bitcoin for the long term then you should just buy what you can afford whatever its price and it doesn't matter how many it is as long as you are willing to let go of the money in case something unfavorable happens.

When there is a fixed interest in a specified period of time and multi-level marketing in an investment scheme then it would already be a red flag. The scammers like them exist because there are people who are willing to invest even if it is obvious that the company may run anytime if they want to. I still remember Hashocean before in which I invested as well being a newbie and they are suddenly gone before the halving. That is my first time investing into a scam because I thought they would last long and they have a real mining farm. They scam 700,000 users that time and now another 10,000 are scammed. They will not stop as long as there are people who will be willing to be scammed. I believe USI-Tech has the same scheme and they are still active now so for those investors of that company, they better be careful.

$10,000 is a psychological resistance and since we were able to break that then the next stop is around $12k. It is having a correction right now after hitting $10,200 so it may go down to $10k and then go up again to reach $12k level. If ever it surpass the $12k level then the next resistance would be around $13k. There would be many resistance levels before surpassing the previous all time high but if there is a hype again with all the media attention and new investors then bitcoin would reach a new all time high again sooner or later.

Lending is good because it can help people who need money for whatever purposes but if you promise a high interest in return to your investors in a specified time then it would be hard for the lending company to pay the interest if ever the market is not doing well or its other business is not well and it needs to shell out some coins to pay for the interest in which case it would just take the investment of others to pay for the interest of those who entered early and so it becomes a ponzi scheme.

Many people lose interest in cryptocurrencies that has a lending platform as project because of what happened. Many lives are destroyed because of that. You cannot just totally blame the company because once an investor joined them then they know the risk involved and it is somehow obvious that they are one of those scheme if one do his own research but because of the hope of earning big then he will proceed and invest. Some even invested money they can't afford to lose.

Bitcoin is made for peer to peer payment transaction however, transaction fee became expensive that it is just non-sense to use it as currency if you are paying for it and the transaction fee is higher than the actual value of the goods or services you are paying for. It is not ideal for small value transactions but if you have large value transactions then you can disregard the transaction fee but still it is a big hindrance why bitcoin cannot be use yet as currency. It is more of an investment now because of the possibility of it having large value in the future due to its limited supply and high demand.

Though there are other cryptocurrencies that emerge now having low transaction fee and fast confirmation time, bitcoin is still the one in demand because it is the most famous of them all and being the pioneer. If the developers would be able to find a solution for faster confirmation and low transaction fee then bitcoin will continue to shine otherwise some other coin will be able to take its throne in the future.

Somehow the coin that has big influence to the price of other coins is bitcoin. Almost all exchanges make bitcoin as base coin that's why when its value is crashing, majority of the coins crash as well because traders would secure their coins by selling it maybe in exchange to fiat and then when bitcoin is having a run again, they would buy again the coins or bitcoin itself and then when it move sideways, they would transfer to other coins because altcoins shine when bitcoin is moving sideways.

When bitcoin is having a bull run, traders wouldn't want to miss the gains that's why they would sell their altcoin and stay with bitcoin. During the bull run, you can observe that altcoins are bloody as well. During a crash or major correction, altcoins are in red because of the reason above. You can be profitable in altcoins when bitcoin is not having rapid movements because traders would shift to alts.

I check prices every day simply because a large chunk of my income is from cryptocurrencies so it is important for me to check what is happening with my money and whether I am in profit or at a loss so that I can adjust some trades accordingly. I am a day trader so I need to check them from time to time. Every day when I wake up, I immediately check the price of bitcoin since it is one of the factors that has a big effect to the price of other coins. If I can see that it is going sideways then I am good but if it is having rapid movements then I gotta have a hawk eye because alts will be affected which usually makes them bloody.

Way back two years ago, when I am just new to crypto ecosystem, a lot of investment sites or commonly known as HYIP are so enticing to join and being a newbie, I immediately join thinking that I found a gem since I don't have to work but just wait for my daily payment. I did receive some payment but later on the site is gone so that's my first time being scammed. I joined in doubler sites as well because I didn't learn from my first mistake and then they are gone as well. When I don't have money to invest anymore, I just decided to stop for a while and then search for more information about cryptocurrencies and found this forum which is the real gem.

There are still so many investment sites in social media up to now and some even disguise as ICOs so that they can scam many investors. It would be the fault then of the investors if he decided to invest without doing a proper research. We should always do our due diligence when it comes to investing because there are a lot of scammers lurking around.

If ever I am part of the family of your friend then I would suggest not to gamble too. They already lose millions because of it but if your friend still wanted to try gambling then he can try it using his own money not from his family so that if ever he lose his money then his family cannot say that he wasted their assets. Your friend would eventually realize too the importance of money if he works hard to earn it and then gamble.

Gambling is not bad if it is money you can afford to lose but if it is for your needs then definitely there is something wrong with it. Your friend can just try gambling through crypto since this can be done anonymously and if ever he won then he can show to his family that not every one can be a loser but if he lose, then he would just prove to his family that they are right.

As what I observed in our country, there is no major effect yet of cryptocurrencies but it is a big help for the people who are earning and/or trading it. The wage in our country is minimal so people find extra jobs/business to supplement their income and earning cryptocurrency is one of them. For those who were able to get on cryptocurrency were able to buy some wants but needs to convert to cash since bitcoin cannot be use as mode of transaction so there is circulation of money which can help the businesses and as a whole help stabilize the flow of money in our country.

Cryptocurrency market is volatile that's why there are many trading opportunities you can take. It depends on your risk appetite what kind of trader do you want to be. Day trading can be stressful but in exchange of that, you can become knowledgeable in the crypto market in which you take your losses as tuition fee in learning so that later on , you will be able to hone your skills and become profitable in the future. If you are busy and cannot dedicate time in trading then you can just choose to hold your coin because there is a chance that its value will grow in the future if you are holding a coin that has a lot of potential.

Some traders choose to hold their coin instead of day trading it because emotions are hard to control when trading and there is a tendency that they will lose more than be in profit by being emotional that's why they chose to just wait for the price to grow whenever it may be. They said if they just hold their coin then they have more profits than trading it but if you know what you are doing then you can be profitable in day trading too.

You just have to believe that bitcoin will be more valuable in the future. Many people fear that bitcoin would not have any value in the future because they hear and see all the FUDs relating to it but if you search more about it and understand why Satoshi made it then you will be able to grasp the reality that is happening around in the financial industry. Though it may be hard to let go of the fiat system, at least there is already an alternative to it which can become the currency in the future or may retain as an alternative payment system.

It is hard to let go of the fear and doubt when you put some money in the line but you have to take the risk or else you would not be able to move forward. All those people who are successful now one way or another took risk before that's why they are reaping the rewards now. You may be suffering now but think of the possibilities when you are able to surpass it. Just always think positive.

Blockchain technology is an additional sector in the IT industry so it is a big leap forward because it provides more opportunity to the IT professionals. This technology is just evolving so later on there would be more demand to the IT professionals specializing in blockchain technology. In fact, there are already schools/universities who are offering courses related to it. Some may be doubtful about cryptocurrency because they cannot comprehend it but sooner or later they too should embrace it if all the industries would be able to see how it would be of help to their businesses.

It doesn't only provide opportunities to the IT professionals as well but to all people who are willing to be involved in blockchain technology such as those working in human resources because more jobs are needed as a new sector is emerging. Every day there are new ICOs and if these ICOs are successful then they would need people to work for the projects which means new job opportunities in various fields.

The idea of bitcoin being use as currency by the masses is still far from reality because of the volatility and the limitations when it comes to technology since some places in the world has limited access or no access at all to internet so they cannot use cryptocurrency. Bitcoin is being use now as store of value instead of a currency because it is not practical to use it as such since the fee is more expensive than the actual value of something if it is use as payment to small value transactions.

Unless the fiat currency is eliminated which I think is less likely to happen then volatility of cryptocurrency will continue. It may come to a point where many people will use cryptocurrency thus a mass adoption but it will not become THE currency that will be use because fiat will still be the practical one and accessible by all people.