I dedicated a whole thread to the common misconception that only Geeks and Nerds are using Bitcoin and Crypto currencies. See this for more details, https://bitcointalk.org/index.php?topic=5105838.0You should actually change your topic to this " How to make Bitcoin more approachable to stupid users " because most common/normal people are already using Bitcoin. The stupid people are pointing fingers and laughing at the people who are buying bitcoins, because they do not understand the technology. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Stupid users is not good description for people who have either little knowledge or no knowledge on how to use Bitcoin and how it operates. These people usually display their ignorance mainly because they don't understand the whole idea of using bitcoin as method of payment for their transaction of goods and services. Ignorance is usually displayed by People basically due to lack of understanding and knowledge.
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In my personal opinion, the value of a crypto coin is not really important if the coin has a working product backing it and the product seems to bridge a gap in the financial ecosystem and the world in general. I believe only investors are concerned about the price at which a particular crypto coin then the purpose of that crypto project and its coin to the crypto space. In an investor point of view, majority of alt coins have a value of zero and are just means to get the money of people.
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Majority of the people in the crypto ecosystem see cryptocurrency investment as a mining field where you can easily dig out gold and have fortunes out of it. Due to this mentality, about 50% of these people just invest in any crypto coin they see without researching about it to know the type of crypto coin it is. Its high time we advice ourselves on what crypto coin to invest in and stop listening to speculations made by people and also spend time doing our own researches on cryptocurrencies before investing in them.
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Predictions in the crypto ecosystem are like scientific hypothesis which are basically based on the observations and suggestions of people to provide a tentative assumptions and possible outcomes. This simply means we can all predict the price of Bitcoin based on our research and assumptions based on the trends of the bitcoin market. This does not mean people should believe that this predictions will definitely come to pass or will happen. It's just someone's assumptions....
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Bitcoin can’t be “frozen” If a business deal goes wrong, if someone sues me, if a future wife divorces me and says “I get everything”, if I am friends with a sanctioned political leader - because you survive by being on the side of those in power, - if, if, if, if....... so many things might go wrong. I could wake up one morning, and find my bank accounts frozen, and my credit cards don’t work. They can’t ever freeze my bitcoin. The code is in my head.
This is what I call financial freedom. Bitcoin provides financial freedom to anyone no matter where you find yourself in this world. If people really understand this financial freedom, they will not hesitate to join the bitcoin ecosystem and quickly adopt this system in their financial businesses and transactions. There are no limitation in the bitcoin space, you decide the amount of funds you want to send at any point in time.
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The value of Bitcoin is usually the key tool that influences most of the crypto coins in the crypto ecosystem. Due to this, the market value of Ethereum has always be influenced by Bitcoin. When the market value of Bitcoin moved from $3400 to $5000, the price of Ethereum also increased from $130 to $170 within the months of February to the later part of march. The value of Bitcoin is like the catalyze that either causes an increase in the prices of most altcoins or causes a decrease in the prices.
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Binance coin has a long way to go before it can be classified as the best alt coin. The market value of a crypto coin does not really determine whether its the best crypto coin. Binance coin can qualified as being part of the best altcoins to invest in with good potential of generating good profits out of it. In my opinion, the best altcoin to invest in considering the current state of the crypto market is Ethereum.
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Investing into crypto projects is not about how active the projects are. To become a successful investor, investing in crypto projects with working products and spending time to research on crypto projects are the necessary tools. These tools can help you as an investor to know which crypto projects are worth to invest and not to be deceived on how active they are. Not all active projects will become successful projects.
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In my personal opinion, IEOs came into existence basically to solve the problem of investors getting scammed and also to encourage both the old and new investors to invest into up and coming new crypto projects in order for these projects to survive in the crypto ecosystem. In order to keep the crypto ecosystem growing, something needed to be done to avoid exchanges from losing people who trading on their platforms and about how ICOs are now the avenue for scamming investors. IEOs are just a new version of ICOs with additional features to help make the crypto ecosystem.
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Crypto trading has its own risk which its usually in the form of losing some amount of your initial income. For me, I find it normal to trade and lose considering the volatile nature of cryptocurrency. But to maximize your profit in trading and avoiding unnecessary loses, studying the market trends and trading with an amount of money you can afford to lose.
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Why do you want to find Satoshi? I don't really think it is necessary for people to worry themselves trying to find who Satoshi is. Just accept the technology he/she has introduced into the world and try to understand how its transforming our financial ecosystem. If Satoshi wanted the world to know him/her like his/her identity would have been added to the Bitcoin Whitepaper.
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There are two sides to borrowing in cryptocurrency. These can be either the borrower pays more than what he/she borrowed or pays less than what he/she borrowed if the payment would be done in the same value in the crypto coin he/she took. The volatile nature of cryptocurrency make it not reliable for me to borrow in cryptocurrency.
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When an ICO project is launched, the project team usually set a specific target for the ICO which is often what determines when the ICO will end. Some projects will set a soft cap and hard cap, which usually are the threshold to determine when the ICO will end. But for your friend's case, I think the ICO project might be a scam or its either the ICO soft cap was not reached. your friend should just be patience and do more research about the project and should try contacting the team members.
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The world we live in keeps changing as days go by and new problems are being generated from existing problems or solutions. New projects introduced to the crypto space are usually projects developed to bridge a gap identified by an existing projects which they were not able to provide a better solution to the problem. New projects usually introduce an upgrade version of the blockchain technology which usually focuses on making this technology more useful and easy to comprehend how this technology can transform our world and the crypto space to be specific.
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Last year (2018) was the worst year for people who bought Bitcoin at the price of $20k per one bitcoin but was also a very great year for people who invested in altcoins in the first part of the year. The market value of altcoins were very good in 2018 making some investors who traded and invested in them gain about 300% of their initial investment capital. People who complained were those who join the bitcoin ecosystem when it's market value was $20k and $17k.
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It will be a difficult thing to do in trying to eliminate bitcoin mining. People have invested thousands of dollars in building mining farms in China and some of these people are yet to gain profits from their investment. This is one of the speculations about Bitcoin haters of the entire bitcoin ecosystem create just to put fear in the hearts of investors and crypto enthusiasts in the crypto space. Threats about China wanting to ban cryptocurrency started way back in the later part of 2017 and up to now cryptocurrency is not ban in China. It will not be easy to ban bitcoin mining and I pray this doesn't happen...
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It will be very advisable to take your profit and wait for the price of ethereum to drop to $150 or $140 and reinvest again. Ethereum is currently the good option to invest and make a reasonable amount of profits. But once you make the profit, please don't hodl. The price of ethereum will be fluctuating between $130 to $200, so when you invest and make profits, don't hold them.
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The best way to recover your losses in the crypto ecosystem is to admit that your money is gone, develop a new strategies to suit your current income you have available and finally research on the available opportunities on the crypto ecosystem. If you are greedy and obsessed in recovering your losses, you might lose the remaining amount that was left available. You need to understand that investing in the crypto ecosystem has a lot risks due to the volatile nature of cryptocurrencies and learn to minimize these risks.
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Only a man with a shallow mind will be afraid of making mistakes in the journey of life. With regards to the crypto ecosystem, mistakes are the basic requirement to become a strategic and successful investor or trader. My first ever mistake i made in the crypto space was not selling a token I had which was worth $1100 and later sold it for $450. This has made me know when to sell and when to hodl if necessary. Mistakes are part of our existence on this world we live in, so its either you accept it or learn to minimize the level at which you make mistakes.
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2017 with no doubt was the year the crypto ecosystem had a lot of people both investors and people who wanted to know more about the crypto space. People remember this year because of the massive increase in the market value of most cryptocurrencies. It was also the year a lot of scam projects came into existence and started harming the crypto ecosystem. The cause of the massive drop in the price of cryptocurrencies actually started in the later part of 2017 when scam projects invaded the crypto ecosystem. But I think 2019 is a bit better than 2017. At least the crypto market is gradually stabilizing and eliminating scam projects with IEOs.
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