There is another reason for which I strongly believe that paper fiat can't go extinct. At least, not in the next couple of decades. Even as it stands now, not too many people know how to use a credit card or engage in online banking let alone mastering the complex process that is involved with cryptocurrency. What happens to the illiterate and out of fashion old citizens who can barely read and write? How are they going to survive if paper money goes out of fashion?

Exactly my thought. How does the OP even think that's possible without the Venezuelan government adapting bitcoin as it's national currency? With few people getting interested and holding bitcoins in Venezuela does not in anyway translate to a boom in the economy or bringing the country out of its financial quagmire. I don't see that being a reality.

History and experience are the best of teachers. The result of the BCH birth from the August fork actually benefited the people as bonuses were handed over in form of the new coin. Hence, it is the reason many are still hoarding and pilling more Bitcoin without fear of any dump. If the past fork experience had been negative, Bitcoin would've seen an unparalleled dump this period.

OP doesn't want to take risk anymore. He said he has had enough of it trading and gambling. So, he wants it now on a platter. I doubt if he will listen to your recommendation. 0.3btc is a lot of money this day to be made from anything else except a risky adventure. Come on, that's over $1700. It is not going to be easy making that on Upwork or Fiverr. I would suggest ICO even though it's part of trading. It gives quicker return than your regular trading and with minimal risk.

We really can't say the best among them because any answers to that is only going to be subjective and depending on individual encounter. Remember, one man's meat is another's poison. But we can point you to the good ones among them. I will list them but not in any preferable order:

Binance
Poloniex
Coinexchange

I have traded and made withdrawals on all three. So, they don't scam. At least, not yet.

Bounties or not, I think the underlying factor apart from having a solid white paper is to get a slot on the coinmarketcap for advert placement. And make sure when that is done, there is a TELEGRAM for the project through which interested public can reach the company. I have bought into so many ICOs through this method and not through signature campaigns or sharing of bounties. Also, you can target some crypto groups and pages on social media, especially Facebook and Twitter. Always leave a TELEGRAM.

Honestly, there is a reason I don't pay attention to these CEOs (whether ex or still serving) and the so called renowned financial experts and analysts. Haven't they all been proved wrong about the bitcoin this year with their $2,500 maximum high for the coin? Come on, they should just give us a break. They truly don't comprehend what this is all about.

About tax evasion, yes a strong argument could be put forward in respect to that because of the decentralized nature of the bitcoin. But if the various governments are serious about getting the tax deducted from the Bitcoin transactions, they should fashion a way to do that and quit complaining.

Well noted that what happened in Zimbabwe as well as some other countries like Venezuela and Nigeria is inflation. It isn't really a total crash of those economies. It is the same thing that happens in the crypto system referred to as plunge. It doesn't mean it isn't going to stabilize. The idea of paper money being totally eradicated isn't going to be possible anytime soon except we have aliens come dwell on earth and run the economy of all the countries because of their advancement in technology. Otherwise we will still have people here who don't even know jack about e-economy/commerce. Cryptocurrencies are only accessed through the internet and remember we still have people who can't even access a simple thing as an ATM. How are these people going to survive without paper money?

Invest in Bitcoin? Yes
At this time? Hell, NO!
The price may be spiking now because of the excitement of the fork as the past experience has shown that the August fork was favourable to btc holders. But this gain will fizzle out soon and you will realize you bought at the wrong time by entering high. Already, from my graph Bitcoin price has begun to show retracement that should see it to the $5000-$5100 range in a few days time.

Of course this has always been a trading strategy in cryptocurrency but it may not really work out this time because of the after effect of the Bitcoin fork. Mark my word, the dumping of Bitcoin immediately after the fork will likely strengthen the altcoins and not weaken them. So, I advise you still keep your losing altcoins while you may sell off only those in profit.

Binance is the easiest of the lot and the most friendly for beginners. It beats Poloniex with ease to user friendliness. The only problem is that it has fewer coins listed on its exchange.

Razick, you now see why it is good to always be just? Why are you complaining now while you did same a few weeks ago in that botched Nexchanhe.io  campaign. You remember me doing you a pm on a poster you picked who posted last in 2015 before you hurriedly removed him because complaints were made. Can you remember that? Yours was even worse! Whatever goes around, comes around. You did that and now you are getting served by another. So, why complain, huh?

Let us even bask and savour this glorious moment of the bitcoin first for now occasioned by the impending fork before looking ahead to five years. In crypto world, three months is donkey years. Let alone five years. However, I dont think Bitcoin will continue to lead the coinmarket for a long time. There are new cryptos coming up like bitconnect, regal, Western, hextracoin etc and launching unto a lending and lockdown programme. These coins will continue to appreciate steadily without major pull back like we always see in Bitcoin. These I'll be the new coins in the future, not Bitcoin anymore.

Despite price rise, it is not yet Uhuru for the Bitcoin. Every old member of this forum knows that the price surge is because of the fork ahead having witnessed that in August and how good it turned for holders. So, people want to hold bitcoins now and claim the expected bonus after the fork. I don't see any retrace before the fork. More people want to buy than they want to sell. Demand is high. So, price will continue to surge. However, there will be immediate dumping as soon as the fork is over.

It won't cause you an arm or a leg to read before posting. OP already stated that the campaign is cancelled.


The bolded is mine for emphasis.

I would say bitconnect coin. Despite the glitch it suffered on its site a few weeks it has been able to bounce back and now trades above $165 per coin. Besides, I like all coins with a lending and lockdown programme like Firstcoin and regalcoin. These coins will always make holders smile to the banks.

That is exactly the place where people miss it: Money-Risk Management. Amateur traders increase lot size, leveraging on a small capital to over trade and getting into many currency pairs at the same time. Of course, the punishment for this will always be traders accounts going down or closing up. Forex trading is a more exciting business than cryptocurrency trading. But one has to know one's way around to enjoy that excitement.

OP, you may want to edit the thread topic to reflect the present time. I guess the "December" talked about was 2016. Thanks.

Yes, I do have. It's the DYOR advice: Do Your Own Research. Besides, the telling sign that an airdrop is a scam is a developer asking you for more revealing information such as private key or you sending coins first before you could receive from them.

You probably won't have heard of that. He said Fibocoin.

OP, your attempt to drag others in to pump an almost nonexistent coin should be frowned at and seen as attempting to mislead and scam. You said you bought but the matket cap for that coin is at zero. This is a stupid lie and should have earned you a red mark if you were a higher ranking member.