I would take some time to ease my feeling of having a huge loss and then get back to trading again. Losing is part of trading and it is in losing that we learn the most and think what part of the trade we made a mistake and then adjust our trading strategy. During this time when we suffer a huge a loss we should realize if trading is really for us and if we have the appetite to have that risk again. Trading is a zero-sum game so if there is someone who profit from it then someone is taking a loss and all we need to do is to stay in the profit side which is easier said than done.

Personally, after I took a huge loss, I stop trading for a while because I don't have capital anymore and during that time when I am not trading, I read more and think of my strategy. I cite the reason why I lose and its because of greediness so I need to do something about my emotions and I can only control it if I trade. I will keep trading until such time when I am more rational in my decision following my trading plan wherein before taking a trade, I already know when to exit.

I prefer to trade in Ethereum when bitcoin is having some rapid movements because alts are down that are base in bitcoin but there are some coins that are not traded yet with bitcoin as base currency like most of those coins in Etherdelta so during the time when bitcoin is ballistic, I just trade in Etherdelta. There are many coins in Etherdelta that are just worth cents but when it is already trading in big exchanges, its value shoot up so its an opportunity to profit bigger because I would be able to buy the coin at a low price.

It is good to trade bitcoin as base currency when bitcoin is ranging because altcoins can move properly and they have the chance to shine now. Those coins that has a lot of potential and even those coins that have been existing for years that belong in the top coins can be profitable in day trading. Those low volume coins has potential to double in price if there's confluence in fundamental and technical analysis.

Market is having a correction given the rapid movement of bitcoin upwards in the past few days so it is not surprising that bitcoin would be down and then people would shift to alts one of those is bitcoin cash so there would be upward movement to it. One of the issues why people have been bashing about bitcoin is because of the scalability issue so if lightning network is a success then it would be good news then and those other coins that aims to dethroned bitcoin because of this issue would not have any trump card anymore because this issue would be solved then.

If the reason why they forbid bitcoin is because of "illicit activities" then why only focus in bitcoin when in fact, all payment options available can be use in criminal activities because once someone decides to do something illegal, he will use all possible means just to complete the transaction. Some of the Arab Countries even consider regulating the cryptocurrency like Iran. Check the link for the news about it.

https://news.bitcoin.com/iranian-government-bitcoin-use/

Read the whitepaper and see if their project is viable. I also take a look at the credentials of their developers which are usually link to their linkedin account in the announcement. There are various sites that review the upcoming ICOs so it is a big help which one is to be trusted or not since I think they are expert in what they are doing especially those reputable ones. If the ICO is the pioneer in the industry to implement the project then that is a big plus for me. Partnerships with big companies is an attention grabber but I do my own research if what they claim is true or not.

With so many ICOs launching day to day, it is hard to choose which ones would be successful or not and even if it would be successful we don't know if the developers would be able to deliver what they promise or run away with our money. Maybe some regulation is needed to protect ourselves in the scams happening nowadays.

Yes we need other altcoins because it gets boring when it is all just bitcoin right? Kidding aside, this different kind of coins has different usage and bitcoin is use for payment while there are those altcoins that are use for smart contracts, for playing games, for healthcare, for music and privacy coins. There are many different categories of altcoins so we need them because they have different purpose. You can see in the announcement the different altcoins and if you read their whitepaper then you will know their purpose and if their project is viable. There are those that just copy the work of others and some do innovations to stand out.

If you want to do trading then altcoins are big help to increase your stash of bitcoin. My major purpose why I'm trading is to increase the number of my bitcoins though I hold some altcoins as well because of the potential of it to rise in value in the future. If there is no altcoin then I wouldn't be able to trade the cryptos.

I saw that video in you tube on how to claim bitcoin gold requiring you to fill up some information including the private key or seed. People who are not aware of what is happening immediately fill up the form excited to claim their bitcoin gold and end up being scammed because they just want free coins immediately without even searching further if that is the right thing to do.

With the increase of value of cryptocurrencies is the increase in numbers of scammers as well so we should always do some due diligence before doing something like downloading an app. I am not of one of those that have downloaded the fake Poloniex app but maybe if I am still trading in Poloniex then I may have downloaded it as well which would be my fault then. This is an eye opener to always be on guard when it comes to dealing with our funds.

This is an interesting idea. Furthermore, OP have the option to just print the paper wallet and keep it in a safety deposit box in a bank or somewhere that is safe. We don't know what will happen in the future so right now, you can start educating some of your family and friends about bitcoin so that they will have an idea how to use and retrieve your coins in case something happens.

If you have a significant value of coins then have a meeting with your lawyer about your will and then if possible don't just put your funds in a single wallet to reduce the risk and put it in several places as well.

Bitcoin seems like going too fast in the previous days so it makes me think maybe there would be some people behind pushing it upwards to attract more people to join and then flip it afterwards when the bitcoin futures come. Whatever happens, I would just make sure to reap some profits from bitcoin by selling some of it in exchange for fiat. Some of my alts are down but I intend to hold them for long term so I did not sell them but I plan to buy more at the bottom.

It didn't even last a month for someone to double his money if he invested last month when the price is around $7,000. It's too good to be true but then it is true and others who were not able to get in the train and still doubtful about it are now bashing bitcoin.

It is not a problem in myetherwallet OP but it is the Ethereum network. It is congested right now because of this Crypto Collectible game known as CryptoKitties. There are so many people using the network right now that it takes a lot of time for the transactions to get through. If the transaction is already established then sooner or later the coins will show in your wallet. It is just a little delayed. If you want to know more about cryptokitties. Check this thread. https://bitcointalk.org/index.php?topic=2524558.0

There are ICOs too that are having some problems because of this cryptokitties craze. Better set up your gas higher if you want your transactions faster and it would be more expensive though or if you have something urgent then you can convert to LTC for a much faster transaction and lesser fee.

With the current price of bitcoin and the over-all market capitalization of cryptocurency, it is attention grabbing and isn't surprising for a celebrity to be involved in something that is gaining popularity. There are many celebrities in the past as well that are vocal in their support to cryptocurrency and an addition to the famous crypto supporters would be a big help for bitcoin to become more popular. There would be more people that would oppose the crypto because it is not regulated while others would be risk takers.

Basing on this trends wherein almost every day there would be some famous personality who has millions of followers and maybe this followers would be encouraged then to invest something in it just because it is trending then are we already in the point of thrill or euphoria or are we just entering the optimism stage? Only time will tell then..

You should search the applicable laws in the country where you are trying to open the platform. With the recent surge of the cryptocurrency prices and popularity, authorities are more strict in dealing with cryptocurrencies. You should try to ask a lawyer in your country and ask him if there are already regulations related to opening up a trading platform. Since you are opening up a business, there should be some regulations involved but it would depend then on the nature and scope of your business.

If there is fiat involved then the government would be more strict about that. You have to get permits and licenses to operate one. The best thing to do is ask the professional services of a lawyer and accountant too for establishing your business.

Username: entrepmind23
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Definitely! Bitcoin has open up so many opportunities to people that has a dream of getting rich one day. Those who are mining in the early days I believe has no expectations that the price as it is today can be reach because even the price of hundred dollars is called a bubble before and here we are now today with bitcoin that has a price of thousand dollars and still being called a bubble that may pop any time.

People are investing into something and expect a return of investment after an "x" period of time. Bitcoin surpass all traditional investments in terms of return that may just lapse for a month or few months. I think no one expect that bitcoin can reach that amount this year given the fact that there is so many FUD spread by the people who are not in favor of it. The billion dollar idea is achievable. Example of this is the Winklevoss twins who are already bitcoin billionaires holding 1% of the bitcoin's total supply.

I thought PWC is the first one that accepts bitcoin but EY has been accepting it for almost a year now. The other two of the four did not publicly confirm yet that they are accepting bitcoin but they are already involve in some blockchain conferences and partnerships as well which is a big statement towards the role of cryptocurrencies in real world businesses.

The big four accounting firms are the ones auditing and giving advisory services to 99% of the top 100 companies so seeing them embracing the new technology would mean that the companies would eventually trust the bitcoin and would be a big help to push more the people into recognizing bitcoin as an innovation and not just another fad as what others say.

Do you mean his channel in youtube? It's Bitcoin Seoul and Bitcoin Crypto Fund Management and Secret Signals. I subscribe to his channels for a while but didn't really follow his signals because I already read the article about him. I just want to know if I can really profit from the videos he made. There are times that he is right but most of the time, the coin is already up before he gives the signal to free group because as what he reasoned out, he give the paid group the signal first which is the whale club but I think as what OP said, he just give the same signals to free and paid so the paid group is at a disadvantage because supposedly they should have an edge over the free group.

It would be better to just study trading on your own and not follow the "gurus" of trading because most probably, the coins they are suggesting are the ones they are already holding and they are just waiting for the right time to dump it to its followers. There are many fraud as well in telegram groups and the difference between them and Mr. Bitcoin Seoul is that he has a face while others can't afford to show their faces.

It seems like you are in trouble OP for selling shirts copying others design. The designs are good but at least you can create your own design or hire people to do it for you. I am planning to have this kind of business in our country because popularity of bitcoin is growing and I did not notice anyone wearing t-shirts related to cryptocurrency so it would be a good introduction to people and to have awareness of what it is. Crypto shirts would be a good idea with the hoodies and some souvenir items like key chains, magnets and mugs of course payable in cryptocurrency and made to order.

Yeah right! It is easy to forget the 24 words even if you memorize it for one straight month. Doing this might be the safest way to protect your portfolio but there is a possibility that you will lock out yourself in case you forgot the seeds. The best way for me would be to print the seeds and store it in a safe place like a vault because no one can access it except you unless you give others the key to your vault.

You also have to consider the cons in just using your memory like being in an accident where you lose your memory (I hope it will not happen) then you will have no access in your portfolio. What if you will be busy and then forget some of the words because there are so many things cluttered in your mind so you lock out yourself..

Username: entrepmind23
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I would recommend bitcoin because most of the altcoins and fiat are traded with bitcoin as base currency. There are some sites that focus in ethereum as well like Etherdelta but almost all exchanges have bitcoin as base currency so you have plenty of trading pairs to choose from. But before starting your trading journey, you should understand first the risk when trading because the market is very volatile and crypto currency trading is fast phase compared to stocks.

There are so many people who are just following the hype of what to buy because they can see that it is rising and they may have profit from it but you should do your own research why the coin is going up. If it is just pump by the whales then you may lose when the first buyers decide to dump their position. Always have a trading strategy before buying a coin in which you already have a plan when to exit may it be in profit or loss.