Most of them are leaving crypto. But, for some reasons, this is the opportunity for the traders who want to start to trade, just buy crypto now and wait until 1 years later.
There are many reasons why people leave cryptocurrency but I think it is not a good idea to leave now because of cryptocurrencies we could be have a better life and future. I think do not ever leave crypto because it is one of the key success and to have better life and leaving in crypto is not a good idea. |
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I told you so - many times in here. It was a bubble, and you should get the hell out of BTC.
The responses in here were mainly hysteric screaming of "FUD".
It is now clear from more and more posts in here that people who came late to the bubble-party are in losses on their Bitcoins. Well, told you so.
This is not the time to HODL. The party is over. Your choice is whether to sell now and take a loss, or wait until you have lost everything.
Bitcoin is not a bubble in fact, in gives us benefits and opportunities. Holding is the best thing to do now, yes bitcoin is in a deep fall down but I believe that bitcoin will rise again. We may realize that maybe it will make our money loss but bitcoin is worth risk for because you know you would not regret in the end and that is the best part on it. |
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Lately I have noticed some good news and bad news about Bitcoin. Many people think that bad news will make the price of Bitcoin "go down" and good news will make the price of Bitcoin "Rise". So on this topic I would like to discuss "How much the power of news can affect the Bitcoin price?" I appreciate your answers and responses. Thanks  News sometimes convince or inform others , so if there is someone who spread positive news about bitcoin Its possible that many people will get interested in investing in bitcoin. The bitcoin community will rise. Even bad news can have a big impact on bitcoin price. Especially when it comes to "bitcoin is a scam" I think that is one of the reason why other countries ban bitcoin in their country. |
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I think they will be informing their customers is they will be accepting Bitcoin or other crypto currencies in their store. That will be a good idea to one of my country's city but I don't think it will be that popular.
In my country, a lot of Bitcoin scams and frauds are happening and I think that brought a damage to some people that are maybe, trying to go or invest their money into crypto currencies. Since there are a popular exchange of Bitcoin in our country that can send BTC or PHP without a fee, that will erase the problem to the fee but the problem lies within the people who will be using it.
I agree that the store will inform if they accept bitcoin so that you can use your bitcoin if buy some stuffs on that store. Asking the stores if they accept bitcoin is good idea simply because if you do not have enough cash and all you have is bitcoin you can ask that store if they accept bitcoin. Lastly, I think there is a big possibility that in the near future many store will accept and allow bitcoin as payment of their costumer. |
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Currently, all coins are down and this is indeed a bit bad, especially for those who trade daily in bitcoin, this is definitely a very difficult time, but holding on to patients and continuing to be patient will benefit in the long run.
At this moment all cryptocurrencies are down and it is totally bad because many people already do panic selling which will result to a low price and income. Even the value of bitcoin is down you should still believe on it simply because the price of it will increase in the near future and become more expensive. |
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Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
One of the reason why they not allowed it is decentralized which no one can control or manipulate it even a government. Most of the government do not support because it is tax free and if everybody in a country use it the government will never get a tax again. Lastly, I also think that the government will not allowed simply because they it is a scam even though it is not. |
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How sweet could it be?
I really want the professionals to shed more light on this if it could be actualized and how easier could it be and what implication can it have on bitcoin
I think accepting bitcoin in paying or buying ticket on airport or traveling tickets is a very good idea which can able the passenger to buy ticket easily and instantly and without any paper works. I think if this will happen all traveler will have easy flight and all you need to is pay your bill using your bitcoin. |
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I was making a list for my team on how to stay away from Crypto scammers, and thought I would just share it here as well.
Here are the type of Crypto scammers that I have encountered
Type 1. ICO as a SCAM - (More info contributed by: tosindesign)
There are ICOs that are only designed to get your money. Once the ICO is over then the pages are taken off the net and the makers of the ICO disappear with the money. The last case we reported was LoopX, but this is not the only case.
How can you protect yourself?
1. (by: tosindesign) Generally there is no 100% protection here. A good indication for a scam is there is no team mentioned on the website or whitepaper. Although everything is very superficial and promised a lot, but after reading the white paper is not clear how that should be possible.
2. (by: GeckoTrader) One of the best things to do to avoid ICO scamming is to learn and back read all information about that ICO. As they always say " More knowledge is power"
3. (by: GeckoTrader) The team should have been communicating to the community.
4. (by: GeckoTrader) Always they should have an update from their company. If you sense something fishy do not hesitate to ask question from them. In that means you can confirm whether they are legit or just a bunch of scammers.
Type 2. Scammers who sell FAKE COINS (name / coin code is same but coin generating contract is different)
How to protect yourself: Check the contract address of these coins, if it came from the same contract address
Type 3. Social media scammers - Would post like "I will send you 50 ETH if you send me 5"
How to protect yourself: This is an easy one, they all are scammers. Dont even respond.
Type 4: Identity theft scammers - These guys will contact you as CEOs of ICOs or Social celebrities, usually banking upon the names of a famous person
How to protect yourself: Try pinging them from an another ID of theirs (say if scammer pinged you from Telegram, drop them a message over their facebook ID) and ask them to check that message. This would work as a Two-Factor-Authentication for that personality.
Type 5: Malicious code Trojans - Like Wordpress or Chrome plugins, that would use your machine to mine for crypto currencies, using your machine for the same
How to protect yourself: Try not to do plugins or replace them with cloud powered services, OR, Install only trusted plugins, with loads of reviews maybe. I wont be surprised if these trojans take shape of free downloadable games or cracked softwares downloadable for desktop or your mobile.
Type 6: Online Seed Generators (contributed by: tosindesign)
For some wallets (eg the IOTA Wallet) you have to set your own seed. In the case of IOTA, this is an 81-digit password that must consist of uppercase letters and at least one 9. Since some did not want to generate a password themselves, they resorted to online seed generators. These generate you by mouse click an 81-digit seed. However, as it turns out later, a few of these seed generators also stored the generated passwords, The stored seeds were then later used to steal the assets of the investors concerned. You have to know that the seed is something like the master key that allows all credits to be transferred. A thief does not even have to have access to your computer on which the wallet is installed. The seed is enough to access your balance on another computer.
How can you protect yourself?
Never use an online seed generator! When generating an 81-digit seed, all you have to do is push 81 random keys on your keyboard.
Type 7: Phishing website attempts (contributed by: tosindesign)
Scammers would copy exact replica of the websites (wallets, exchanges) and try to get you to login, thereby recording you password. For example, the page Blockchain.info was copied to get the logins. You have to know that Blockchain.info also offers a wallet service where Wallet could save your bitcoins. If Google users searched for “Blockchain info” in some countries, they ran a Google ad that led to Blockchaina.info, a cheat site that has nothing to do with Blockchain.info. The site was a 1: 1 copy of Blockchain.info and was only designed to get login information from users. There are also similar attempts to MyEtherwallet.com and other sites.
How can you protect yourself?
Never click anywhere on a link to a page where you want to log in. The best way is to bookmark the pages and just go over the web pages. In addition, you should always look for the SSL encryption. There will not be a page that stores important data from you and is located at http: //. All pages should now be encrypted SSL and have a https: // domain (although the pages can also be accessed at http: // they will redirect to https: //). The SSL certificates will also show you every browser, for example by a small lock symbol.
Type 9: Used Ledger Nano (contributed by: tosindesign)
At ebay and in other marketplaces there are always offers to buy the Ledger Nano a bit cheaper. This is particularly interesting now, where the Ledger Nano S is sold out and will be available again in one month. There have been cases in the past when users bought a used ledger on ebay and the seed from the ledger was already filled out. Anyone who has not owned a ledger to date will hardly register the difference. Of course, the previous owners have also noted the seed in these cases, which then allows them to get access to the crypto currencies that the new owner stores on the Ledger Nano S.
How can you protect yourself?
If you want to use a hardware wallet like the Ledger Nano S, buy it directly from the manufacturer and make sure that it is still original packed. The enclosed note on which you can write down the seed should never be filled.
Type 10: Airdrops that ask for personal information (contributed by: StarKay)
There are hyped up airdrops that may ask for KYC information, that may end up being used by scammers / hackers.
How to protect yourself:
Think of your personal information as an investment as well. Research who you are giving your information to and why that ICO will need it
Type 11: Identity theft via Social Media - (contributed by: darkangel11)
You have to realize what they want from you. In the end it's always your money, while in the process they may want some personal data, a phone number, whatever they can get into.
How to protect yourself: Never willingly give anything. Don't share your real social media accounts with random people, keep your email addresses to yourself and if you have to use them make sure to have burner emails. What are burners? Not necessarily emails created for every forum and project. Just emails that don't contain your personal data and that you're not using for online shopping, banking and so on.
Please add more below, or share your story.
This information will help us to avoid scammers. Dont give anything even simple information about you. I have never experience being scammed but I am hoping that it wont happen to me. But this information will help me to improve my knowledge about scammers. |
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Hi I just got some extra money and I'm looking to invest, I want to invest in BTC but the price is too high for me, what do you think will be the next BTC
one you can buy low and make a good profit when it burst?
I think the best time to invest in bitcoin depends on you. You need to be fully ready if you want to invest in bitcoin, You need to have enough knowledge. I know that you can learn something in bitcoin day by day. The price of bitcoin rightnow is very cheap, take the opportunity to buy bitcoin then hold it and sell it when the price rises so you can earn good profit. |
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BITCOIN has suffered its worst day since February as the price tumbled, prompting fresh fears about the long-term viability of cryptocurrencies. So why is BTC falling?  In December, the crypto reached a record high of $19,511 (£14,588), the culmination of the hype over the alternatives to traditional currencies. Today, the price of BTC dropped as low as $6,498 (£4,858). This brings the downward slide for the year to more than 50 percent already. Why is BTC falling? Experts are citing various reasons for the massive drop in BTC’s value this year. There are the issues of regulatory concerns, dwindling transactions, sky-high power consumption, and criticism from the world's established financial industry. However, bitcoin and other cryptocurrencies have seen a sharp drop since South Korean cryptocurrency exchange Coinrail was hacked over the weekend. Coinrail, which is thought to have lost around £28m in the cyber attack, tweeted to confirm the hack on Sunday. Shortly after, bitcoin saw its value tumbling by 10%. This latest attack highlights the lack of cybersecurity and weak global regulations of crypto markets. Coinrail said in a statement that its system was hit by “cyber intrusion” on Sunday, causing a loss for about 30 percent of the coins traded on the exchange. The statement added: “Seventy percent of total coin and token reserves have been confirmed to be safely stored and moved to a cold wallet [not connected to the internet]."  “Two-thirds of stolen cryptocurrencies were withdrawn or frozen in partnership with related exchanges and coin companies," the statement continues. “For the rest, we are looking into it with an investigative agency, related exchanges and coin developers.” Korean police have begun an investigation into the incident. Bitcoin has been further hurt by damning reviews from industry leaders. Bill Gates, Berkshire Hathaway's Warren Buffett and JP Morgan chief executive Jamie Dimon, expressed their scepticism of Bitcoin and cryptocurrencies again last week. Warren Buffet has called BTC “probably rat poison squared.” A few big names, such as Twitter's Jack Dorsey and Apple co-founder Steve Wozniak, have thrown their weight behind crypto, but supporters from the finance world are a rarity right now. In May, the crypto sector found itself under increasing government scrutiny when the US Justice Department opened a criminal probe into illegal trading practices that can manipulate the price of Bitcoin and other digital currencies. Courtesy: www.express.co.ukMaybe there is a specific reason about this, but bitcoin is keep on falling down. It hard to determine when it will rise and many people used to panic selling. Many of us thinks that this will be the end of bitcoin. I just hope that bitcoin can easily recover in the next few months |
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1980: No one will ever have a personal computer it is to complicated to use and serves no purpose.
1990: No one will ever use the internet it's to complicated to use and serves no purpose have you heard of a video recorder.
Yes its too complicated for average people. Especially for those who do not have any idea about bitcoin, they need to have enough knowledge so they can clearly understand the things they need to do in investing in bitcoin. We can help them by giving them proper information about bitcoin, or by sharing our experience with bitcoin. |
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Anytime i see some members of this forum asking "Is Bitcoin dead"?, or "Is this the fall of bitcoin" i just become speechless because it is so shocking to hear that within just six months when bitcoin improved the financial status of people last year without any hard sweating people have forgotten about it so soon. I now understand the saying that "Men forgets easily". Well i can't really blame them but I know the few Real Crypto Enthusiasts like myself still believe in BITCOIN and we are going to keep investing in it because we know that the its value will rise with time.
Because some of them thinks that bitcoin cant recover from this kind of situation. They think that bitcoin will continue falling,and that was their mistake.I believe that bitcoin can easily recover and it will rise by the end of this year. We just need to trust bitcoin and hope that this will happen. |
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A lot of scams have caused the fear of theft among people and they are regarding bitcoin and its trading a scam. People seem to be reluctant towards investing in bitcoins. How do we ensure them that bitcoins are not scam but the people are.  We must give them the right information about bitcoin. Tell them the benefits that we can get from bitcoin if invest on it. Its really hard to convince others especially when they dont have any idea about it. Bitcoin is not a scam but people use it to scam other people |
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EXACTLY I CAN NOT REMEMBER THE AMOUNT , BUT CAN REMEMBER THE FEELING I GOT. I FELT AMAZED AND TAKE PARENTS FOR A FOOD. ITS A GREAT TIME , BY THE WAY ALWAYS BE PRO IN THIS MARKET
Yes me too when I got my first profit in my investment feels like heaven. We celebrate with my family's I treat them in restaurants in eat all you can. I am so happy and I continue to invest for continues earning of profit for my future become successful and financially stable. |
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Crypto is risky and same as other investment. You dont need to invest in crypto if you are not ready to lose some or lose all. Thats wait investment is all about, nothing is sure.
Yes you're right, crypto is high risky investment cause there value is unstable, crypto is like other investment have risk. If You are not ready to face the risk don't invest it may cause lose your money . If you are not sure don't invest cause the value is unpredictable cause we don't know what happen tomorrow when it down or up nothing for sure. |
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Yes, we definitely need to be very careful when moving in the crypto money market. Things can go a lot worse.
Yes, before we start to invest in cryptocurrency we need knowledge about it, cause if we don't have it may cause lose our money. We need to be careful to choose what kind of cryptocurrency we make to invest we need some research if they crypto is worth it or not, cause in a wrong decision we lose our money. |
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Yes, this is the best time to store bitcoin, aquire bitcoin as much as you can, especially now that the price of bitcoin has going down, so that you can sell it off when the market value appreciate and make enough profit margin.
Yes this is the best time to buy bitcoin and stored it cause the value now is down, this is chance to collect and sell it when the value is goes up and this is our chance to get more profit in our investment but we need is patient and calm in waiting for the increasing of price value of bitcoin. |
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So, reading the first 2 pages of topics on this forum I have noticed that every single question is either:
- Will Bitcoin be the most amazing thing ever?
- Will bitcoin crash and burn?
Almost every answer is exactly the same:
- It will be amazing because "I believe", "I have faith" etc etc
- It will crash and burn because it has no value/too volatile/the secret world society will not let it be mainstream, whatever...
- No-one knows but I will write a ton of words which say that.
Whether Bitcoin ends up rising in value, replacing global financial systems, crashing etc etc the answer is nothing more than NO ONE KNOWS....
Your "faith" "belief" etc in it is irrelevant, unless you can manipulate the price, news, etc you have no influence over its success.
All you are doing is taking a gamble/speculating.... you may get lucky or not.... just make sure it is money that won't ruin your life if it all goes away.
I bought some bitcoin because I am greedy and want it to go up in price so I can sell to someone else for more money.
Is it the best investment.... of course not....
But is it fun, hell yes!
Trading it can be fun, like going to a casino where you think you know how the cards are stacked.....
What if they just have the same thoughts and opinions about this forum in fact you cant blame them unless you gave them different question at the same time. Did you even think of it? The number of bitcoin users are so many to the point that it cant be determined. |
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As an investor one thing you shouldn't engage yourself with is Predictions, if you want to be successfully in this Crypto ecosystem, you need to stay off any form of market prediction.
Here are few reasons why you shouldn't engaged with it (market/price prediction)
1. Predictions can be wrong
2. Listening to predictions makes you a speculator
3. Listening to predictions makes you an onlooker
4. Price prediction gives you nothing for today, only false hope
5. Listening to price prediction makes you think in one direction
Finally
Don’t let speculation and assumption make you decide what to do.
That is right thats why I stay off from market prediction because sometimes in makes me expect.We dont need to believe any of them because they are just opinions and thoughts from other people. The market is not in a good condition so there were so many predictions that will come up. |
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Guys we are very much aware how the crypto community through this great forum has helped most of us in terms of our finances but is so heartbreaking that the most of the public views only describes how insecure and unsafe the crypto community is. I do understand that cryptocurrencies are volatile and the issue of anonymity sometimes scares people away but y'all bear with me that if crypto is explained to you and you really understand it properly you would not make wrong mistakes and get swayed away by panic sales or submit your private key as ethereum wallet address. Is it a public campaign or some other form of tutorial that we should organize to help explain crypto to the world because believe it or not the blockchain technology of cryptocurrencies is being admired by most organizations and some of them have decided to run their operations with the use of blockchain technology. What can we do as a community to help change the public view of Crypto?
Share your own experience because they want to hear real story from people used it. If that is their understanding about crypto we cant blame them for that,they just dont know what crypto is. Its not our responsibility to change their point of view from us. |
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