Just one single reason why they would do that is ignorance of how the whole cryptocurrency space operates, or the fact that they are just being enticed by some whitepaper and web graphics, that they leave out the product and the team, only to have some quick bucks at the end of it all.

It is funny to me how people will invest in a shit project when they can easily focus on the good ones and get a better and sustainable result in the long run. I was wondering why a lot of people invest in a project without a product and the only thing they are busy investing in are just some promises of some future or upcoming product.

I am not surprised since what most people are looking for now are the quick bucks and they really do not care much if the project sucks or not or if there is a product or not, which is the reason we have a whole lot of polluted atmosphere with shit  coins today.

Not even being able to find any of the team online is what amuses me. In fact, some of them go as far as opening a fake LinkedIn profile with one huge fake position they have occupied over the years and some fake pictures, and the account was opened just few weeks back. Seriously ? I cannot remember the exact project, but these guys lied about the team and office address and luckily one of the community members who lives around here ended up finding out. That is the extent at which some of them ends up going, which is why my main target has always been the team, and once I am okay with that, I can start asking other relevant questions.

Regret will never even help. Once you make a decision, whether it flopped or not, accept it, make amends if necessary or just move on.

Greed has so much allowed so many people to lose in this field. I was definitely one of them and over time, you just have to learn in a bad way as history will always repeat itself. The most important thing is to always do the opposite of what the average people are doing in the market and you will be fine which is for you to be greedy when others are scared and vice versa.

Any serious investor will always have this mentality that the market cannot always go up forever or will it go down forever. We have had a long downtrend for a while now, but that is not the end. There is still a lot of room for growth and then having a lot of people with this your sort of mentality is what is always going to keep making the market stronger. Like you said, it happens in any market and the cryptocurrency market is not different.

Actually, from the point of view of someone who is holding, the only thing is to just keep seeing where the value wants to lead to. However, for traders, I am sure this must have been a good time for some high level of profit even with the market going down for a while now.

It is better though with what you have said, because it is better to just stay away from trading when you do not have the knowledge and just hold.

Maybe you can let us know which of the previous price you are talking about. The previous low or the previous ATH ?
I am not here to argue with you anyway, I am only here to tell you that no one can know what can happen, but if we are only to base our judgment on what is happening with the charts, then I see this as a very good move up and some strong bullish signs, but all those really do not mean anything as we still have to follow the market to know where it leads us.

Sorry mate, they are all in the same category and it takes only luck to be able to get your funds. One day, I see some of these exchanges just closing down without any notice and that is when it will get done on some users that they have been playing with deadly scorpions all these while. Anyone who cannot do proper diligence before using any exchange will only has themselves to blame.

All the scam exchanges are seeing their days are limited and are trying to gather as much as they can by stealing from the users before that time comes. I wonder why you guys do not check reviews online before making use of any exchange. It is crazy though, with the way Yobit, HitBTC, Cryptopia and the likes are having a swell day scamming people, and I wonder how long they want to keep doing this.

First and foremost, you do not even have to be on an exchange before being hacked. Carelessly leaving private keys or not verifying a site and inputting your private key alone on a phishing site totally makes an account vulnerable as well as every asset in it. The only solution is to learn how to be safe and be very smart about it.

There are so many options to keep assets offline and the reason people always talk about not leaving everything in an exchange is so as to not end up getting your asset messed up since you do not have the private keys to your wallet. This necessarily does not have anything to do with trading, but at least enabling 2FA on any exchange is still a good step to being secured.

Asides having money, it is always good to consider electricity too as that has been one of the major challenges most miners always have and once that is out of it, the rest is history. Bitcoin mining is good and can give more over time since you really would not have to be doing much and the miners are doing all the work. A lot is necessary to consider before mining which makes the knowledge come to play. However, I would not even bother myself delving into the cloud mining space as there is nothing there for anyone.

The only difference it would make is that those who are able to utilize the opportunity to work hard and earn it, most especially for those who do not have much to be able to buy and hold, will end up reaping the benefit. At the end of it all, the rich ones will always still have a better chance of buying in easily and holding a good position for the long run whenever they wish.

Some will get rich, some would not and that normally does not change any fact of what we already have going on in the world. Only the early adopters who were able to understand the whole idea will get more, and there will still be a difference between the rich early adopters and the middle class and so on down the chain. This same happens as we keep moving on and on, so at the end, the rich will always have the highest advantage anyway.

Yes, all we have now at our disposal is hope. Hope that we can get to see bitcoin getting huge than what we have now and seeing a new positive and great era for bitcoin. However, it is not that hard to hope as we all know that we have a lot of great development coming for bitcoin and with the downtrend that we have just had, I still want to believe that this would give room for more growth and certain investors to see a chance of going long on bitcoin.

All the above, a lot of problem will be solved, a lot of countries will see it as ways for more of the citizens to be a part by creating awareness since it will favor them anyway, and at the end of it all, we will get a huge adoption than where we are now and that should be a good starting point. The next decade will really be a good era for bitcoin as all the windows are beginning to open and it is becoming glaring that we are going to be hitting the next stage.

Anyone who is not even having any confidence at this stage should either be flogged or such a person should just go find somewhere to sleep, wake up in the next few years, and then see us at the top, while they are still trying to climb the ladder from the bottom. Bitcoin is here to stay, it has more room to develop and grow so at the end of it all, we have gotten to a point of no turning back and even the governments already know that. In terms of value wise, bitcoin may reach 2 million dollars levels within next 10 years or time. It is purely unlimited potential and opportunity hence no one can measure it for how far it may leap out.

Honestly, what is the difference between it to making use of an exchange anyway and it is not like we cannot convert already.

Yes, if the Australian banks have decided to embrace cryptocurrency, it is a step that they are giving you the freedom while they gain a lot from it anyway as well like you have mentioned, but looking at the whole thing, with the government in the whole picture, what difference does it make ?

Taking a look at the global population of the people that would be making use of fiat and not even have access to crypto based on their knowledge or some limitations, then fiats cannot be discarded. However, in the literal sense, obviously the use of cryptocurrency by virtually all the global population renders fiat useless, but we cannot see that happening, can we ? Except in our imaginations.

Yeah and to add to that, unless you carelessly visit a phishing website and ended up inputting your private key, then the wallet is gone as well as all the funds in it. Internet is filled with a lot of fraudsters and hackers, so it is always necessary to stay secured, stay alert, bookmark some official pages, and then if possible just look for cold storage to store every asset. Sacrificing few dollars for the safety of your assets should not even be debated.

Sometimes you can even take lower risk for higher profit and that totally depends on how smart the person is. People today are fund of investing in everything to spread the risk and looking for quick profit and forgetting that nothing good comes easy which is the reason why a lot of people, unless they are lucky, have ended up 90% of the time in the hands of scammers than real project.

Investors that are smart, put their funds where they believe they can get the best of it in the long run without having to sleep with one eye closed.

Every moment for a good trader is always a good time to trade and can never be difficult. Once you know what you are doing, you know when to make certain decisions, and then you are seeing the positive results of those decisions, you will always be happy with yourself. The reason why some people see trading as a difficult thing is because they are not trading but gambling. They have no knowledge, no strategy and all they do is buy low and sell high until they get their assets drained.

Trading can only be difficult for those who see trading in the first instance as something extremely easy that they can do without learning. This like you rightly said, makes it more like gambling. Trading normally is like you having your own job and you have to take it serious, which is why the real traders who know what they are doing consider it as such and they are always enjoying the benefits it brings.

That is still part of learning anyway. Asides the usual learning of how to trade which is the utmost important thing to be able to start, it is still very necessary to get familiar with the whole crypto space, so as to have an idea of what you are getting into. This is not Forex, nor stock, this is a totally different world, and it takes experience to be able to understand what makes somethings happen and why they do, to be able to apply it in one's trade. Not everything works with indicators or technical analysis.

Figuring out how to trade is just one way, hit Google, make some research on trading tools, indicators and analysis and from there learn as much as you can, take down some notes for reference and then gradually see how that can lead you to the toad of being a professional trader.

No trader was born pro, they all had to learn and until people start realizing that you cannot trade without learning before they can start seeing it as something serious.

I am really banking on that. What is going on with the market is normal after a long FUD and downtrend with a break of every trading analysis and most traders just dusting their boots and going on compulsory vacation. No one knows yet if the market downtrend is over, and even though we have bullish signals, the moneys are scared to come into the market, but I really hope we get some little bit of spark in the market soon though to alleviate buying momentum.

There is even nothing to fear, although the market showed some new investors on how volatile the crypto space can really be. Hopefully, we get to test back the previous tops, but if at the end of it all, the market decides to get some stability, then let's see how that works for the meantime, probably that would be some good time to use some of the alts to get more bitcoin while we have a little bit less volatile bitcoin.

As long as it is peer to peer transaction, that would really not be a problem as government does not have the information of everyone's wallet anyway. However, in the idea of using exchanges, this is something that can be easily done.

If the exchanges have your record, obviously which they will as long as the KYC is in play, then there is no way you can hide your fiat transactions from them ? So, unless you are lucky enough to keep making transactions the P2P way, you should expect to be tracked.

Except if you are playing cards against your fellow men in a casino or somewhere else, then you can say you really need to get good at it, but not in general terms when you are playing dice, roulette and co, or playing on online sites. In the end, you only have to just have it at the back of your mind that you can end up having huge luck and winning so much and you can also end up having no luck at all and losing everything depending on how smart you are to know when to stop.

I even wonder why he would come up with such an assumption. Just because there are some categories of people on the chat, does not make that category an addict, in fact they may even be looking for free money as the case may be.

For example, I do not know about other sites, but for crypto games, there is always a rainbot that gives out free coins based on your activity on the chats, what if they feel they can just chat all day to keep getting the rains from the bots and do not even gamble at all ?