What you need to worry about is to try to get all the bitcoin that you can before the new bull market comes I know that with the current prices that is not something easy to do but it is something that you will have to do especially if you want to earn great profits in the future, I see a lot of people in the forum asking if they should concentrate on working for fiat or for bitcoin not understanding that they will have to do both if you they want to obtain the best benefits out of their investments in bitcoin.

That is what it should happen, but since there is no control about who becomes a bounty manager then it is very likely that we are going to keep seeing scam icos appearing all over the forum, so I understand why some bounty hunters have decided to only apply to campaigns that are managed by bounty managers that do their own due diligence before they take on a project, but even they are not perfect and may be scammed as well.

Profits are profits no matter how small, if you have only one dollar to invest and you invest in a coin that you later sell for two dollars even if your profits are small you still benefited from that trade, the reason many people want to invest a lot of money is because they want to obtain more benefits than that, but as you may guess the risk of losing is very high in this market and while losing one dollar is probably not going to make anyone in this forum lose their sleep losing your life savings will.

I have never been hacked and I think that the main reason why that has never happened to me is because as soon as I knew that I will use cryptocurrencies I installed Linux as my operative system and I have stopped using Windows since then, you cannot store your coins in an operative system that has so many backdoors because sooner or later you're going to lose your money and that is something I do not want to go through.

Adapting to the market conditions is the only way to go if you are really trying to become a successful trader or investor, many seems to be obsessed with the idea of being right most of the time when it comes to their predictions, but being right is not your objective as a trader or investor instead you should concentrate on getting profits and if that means changing the way you think about the markets and the way you interact with them and even your philosophy towards them then that is something that you need to do if that means more money in your pocket.

And that is probably the main reason of why people lose money in this market, you can only make the profits that the market gives you and if you are smart you are going to get them but if you are not you cannot generate profits out of nowhere, if you try to do that, you are going to become a victim of the market and the market is ruthless, you must remember that every other person in the market is your competitor and they are trying to do the same that you are doing and they're trying to beat the market.

I agree with what you say but what happens is that many of the people that invested in cryptocurrencies in the last months do not really understand the huge risks that they are taking by becoming part of this market, and when they see the value of their investment going down they panic not only because they do not understand how the market moves but because they do not understand the underlying technology behind most cryptocurrencies, which is the blockchain, and so when they see the price going down they panic and lose money.

Securing your wallet should be your first priority, it is very easy to think that you are never going to get hacked and that you're never going to lose your money but it isn't until people get hacked when they realize that the risks of holding cryptocurrencies are real, so do not wait until that happens, you need to be proactive and protect your wallet from the very beginning so you do not lose your coins to a greedy hacker that targets you.

Diversification in this market is just one big illusion, when most coins move in the same way that bitcoin does I do not really see the point of diversification because it doesn't help that much, you are going to lose your money if you invest in a coin that disappears suddenly, and we know that can happen in this market because it has happened before, so it is way better to concentrate in just a handful of assets that you know are going to be here for a long time.

If the dollar disappeared and all other fiat currencies disappeared as well then people will need to do price discovery by other means and if people choose bitcoin then bitcoin will become the point of reference for which all things are priced, bitcoin will no longer have a point of reference like the dollar now it will be the point of reference and so every single product, stock, service and other currencies are going to be priced in bitcoin similar to what happens already with altcoins.

That is nothing more than FOMO, people see that other people think that this coin is going to be a revolution in the world cryptocurrencies and they do not want to be left out so instead of doing their own research to see if this project is as good as people think they decide that if everyone is investing in it they cannot let this opportunity pass them and they invest as well, this is how bubbles are form and this is also why so many coins go down in price after the ico because they were overvalued.

Low volume tokens are not as good as you make them out to be, I say this because if you invest a lot of money in that coin then you're going to become a sort of whale of that coin and it is going to be very difficult for you to get out of your position of that token and if the token instead of going up goes down it is very likely that you are going to be the one that keeps most of the losses because you will be unable to sell all your coins to someone else because you have so many

If what you're looking is to trade there is not a wrong moment to do it, traders concentrate themselves on shorter time frames so they are unaffected by the long term trends of bitcoin and any other cryptocurrency, the only thing that you need to ask yourself is if you are ready to trade, did you devise a winning strategy? Have you tested that strategy? Do you have the knowledge about what kind of risk are you going to incorporate on each trade? If you have answers to those questions then you can trade.

This is the right way to see it, the appearance of cryptocurrencies has created competition where before there was none, governments had a complete monopoly of money and they were very happy with the way things were because this allowed to them to have an incredible amount of power that they did not deserve, and now they are realizing that they will have to compete for the first time in a very long time and they are realizing that this is a battle that they cannot win.

Many of those people probably sold their coins already, they were not going to wait for the market of cryptocurrencies to recover they wanted to obtain fast profits and some of them were able to get them when they sold their coins near the top but for everyone else that did not do that they understood that they faced a difficult decision, to keep holding their coins and hope for the price to recover at some point in the future or to suffer a loss and invest in something else.

The entry point cannot get any better, just remember that you also need to have an exit strategy, there are other people that are holding their coins for a very long time and while that is good because that means that they're going to get a lot of profits many of them do not really have a strategy of what to do when the price of bitcoin reaches a certain point, it is a good strategy to hold your coins but don't forget that at some point you also need to sell.

Once you have money your thought process changes because now your needs have changed as well, before you had to worry about a lot of small things that you did not knew how you were going to solve because you lacked money but once that is solved you begin to think about other stuff simply because you can, so there is no doubt that money is a very useful tool but still you need to be careful because like any tool it can be used for good or for evil, that is why there are so many people that are rich and yet they're very happy or they suffer a lot of problems because of their money.

A new bull market is going to definitely happen again, what it's not going to happen is that the price of bitcoin will skyrocket the way it did at the end of the past year, you need to study a lot more about how the markets behave, bull markets form and develop in a very long time frame, you cannot expect that in just three months bitcoin is going to go up again and reach the price of 20000, if you take a look to the year of 2017 you will see that during the whole year bitcoin had been going up in value.

I always thought that we will see a reversal of the decision because it was simply too general, I understand why a company like Google felt that they needed to do something so they could avoid that people got scammed through their announcements, it is way better to let businesses that are really regulated to advertise and to let all of those businesses that are fly by night operations to not be able to hire advertising out of them, that way they get a lot of money and almost no one gets scammed.

Which is why it is useless to try to predict what the market is going to do, the market is going to move independently of what we want and yet people make all kind of predictions about what the price is going to do and even worse they put huge amounts of money behind their words and when their predictions fail instead of blaming the methodology that they use to get those predictions they blame the market as if the market did something wrong.