It's hard to say straight away that people should invest in crypto as they may be misled as to it's outcome. On the straight and narrow, we all invest in something believing that it will generate revenue. But a better mindset would be expect the worst but hope for the best.

People are starting to get nervous because of the left and right FUDs about bitcoin. I still believe that bitcoin has a future and will be important with our technology moving forward with blockchain. And i'm still hoping that bitcoin will make a comeback soon.

Yeah I almost got into bitconnect last year. It's really enticing at first but when I learned of the multi-level scheme part, then I had doubts. Anyway, if you are going to invest in bitcoins or crypto, why the need to go through a marketing scheme when you can do it on your own? Thank god I didn't go through with it but I heard some people got serious money from it.

Bitcoin is already being used as a payment method although using third party exchanges to convert the coin to fiat. Not very popular one but we're on the right path. Those 3 traits that you mentioned can apply to bitcoin but the main thing to talk about is if it would be acknowledged by the government.

That is why I always just save my link in my secure browser and go from there. Although there was a time if I remember correctly that the etherdelta website itself was hijacked or something and it was unusable for a time.

In case that they are in a financial crysis as hyperinflation, I don't think that having their own cryptocurrency to replace their current system will be of any help. They need to focus on their financial situation first as adopting crypto to help with their situation would be counter-intuitive as there would be lots of interconnected systems like the government and banks to update. And if it fails, crypto will be blamed which would further hurt our cause.

It's the same thing over and over again. Bitcoin may not reach that all time high of $20k again but it can still reach about close to that. Economics is at work here and dipping lower is natural. Good job on your earnings!

Eventually, bitcoin can be adopted but of course it has a price. Governments will have to pass down regulations on it since they can't just let it be used uncontrolled. It is for our protection anyway. I just don't see any way around it.

These traits that you mentioned are more on obsession than addiction. From a HODLers point of view, I don't have any of these traits. Doesn't mean that I don't care. But because with this kind of obsession, it's a straight road to depression based on bitcoin's current situation.

I guess you already answered your question. There is nothing to gain in faucets now both ways. Transaction fees are one thing and people have already learned. It's good though for getting people aware about bitcoin.

That's why I also think that ICO's should be regulated by the government with lots of paperwork before getting approved for capital gathering. That way, there is some protection for the investors just in case the devs plans to runaway with the money. Or maybe use legit escrow for the investments

We're a long way before true global adoption but we are certainly in the right direction. There is no easy way as incorporating crypto into our daily payments is a huge feat. Pair that with our current system, it would take more than several years in my opinion.

Even if there is a bitcoin ATM in my country, while it would be cool to withdraw my bitcoin earnings, it would mean selling my btc positions. I'm a HODLer. But I keep thinking if it contributes to bitcoin price going down since you're selling your btc basically.

The problem that i see with our current money situation is that digital money should be corresponded with physical money, otherwise it will be a debt not necessarily by you but someone should still pay that digital payment with physical one. This makes it harder to track. With bitcoin, everything is in the blockchain and can be tracked effectively.

You do realize that some are selling off their positions since they already profited and are now waiting for the next bottom to buy again. No matter how low the market goes, there will always be profiteers like these who take advantage of the situation.

FUDs and a lot of misinformation scattered around the internet mostly propagated by naysayers. People are easy to believe anything that demonizes something since it is in their nature to take in information that is easier to digest than doing their own research.

It's really tempting to believe in this news but basically it has been like this since bitcoin has dropped a lot in price. It goes up then down constantly so that's ok but to moon after a drop to $6500 is asking for a lot but a very welcome comeback nonetheless.

I, for one, have already given up my regular job to pursue the crypto world. But the waning price recently have given me second thoughts about it. But with the amount that we have saved, I'm now planning on starting a business rather than getting a regular job. Hope it sticks.

What you are doing is admirable and not a small feat to get people who are not interested in something new to be one. People tend to lean on a saying that "Don't fix what is not broken". It will be like swimming against the current with these people. Crypto is not hard to understand but the willingness to learn should be there first. And money is the greatest motivator.

His confidence is admirable. Even if I have the money I wouldn't have done what he did. Maybe 100 bitcoins will do. I know you shouldn't put all your eggs in one basket but he must have had a lot of eggs to spare.