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The crypto world is growing everyday even with the rise and fall of the crypto market, that hasn't stop the massive growth happening now. Altcoin particularly has evolved that even noobs find it promising to lay hands on some coin.
Yes with a good and lucky trading you can earn some good money from crypto. Also through investing in an ICO or doing some bounty hunting you could find yourself with tons of tokens.
So months after months, you've earned yourself with tons of tokens but currently doesn't have much value or you just don't know what to do with them. You keep getting that hunch that your tokens will blow one day and you will lambo.
The truth is, we never can tell which project will eventually succeed or fail, we can only do research and hope it succeed like following up the project and see if any positive progress is happening. Many tokens dumped shortly after ICO and has been dead since while some are fairly stable. Personally, im a hodler because i believe cryptocurrency is a gamble which we sometime win some or lose some, so i HODL hoping in the long run some will succeed.
So, what do you do with your numerous tokens? Do you convert them to fiat or Hodl the ones you can?
What you do with the tokens you get from a bounty is up to you, you can decide to keep it and that’s if you believe that the coin will keep growing from there, but if you not sure about that, then what you’ve got to do is to exchange it for another coin you like. A lot of people will prefer to exchange to ETH, I also do the same.
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I was reading some of the mainstream press the other day, just typical news and politics, and among the articles was one about the fall of cryptocurrencies and "enormous losses that Bitcoin investors have to endure". What got me reading were the sarcastic comments below. Idiots wanted to buy fake money and got burn. Ponzi scheme. Bubble burst. They bought something that doesn't exist. It's going to 0 because it's worthless! There were a few saying that it's the best time to invest if you thought about it during the bull market and thought the price was too high, but those posters were downvoted and ridiculed. The average investor is always on the loss, because he's always angry and negative. When it's going up, he doesn't buy and says: why would I buy something that went up by 500% last month? It's clearly a bubble! When it's going down, he also doesn't buy: why would I buy something that is worth 30% of what it was? It's clearly dying!
Go to some mainstream forums and talk to people outside the tech space once in a while and you'll see why they aren't making money and why they will never make money. This is also the reason why bull market cycles are so similar and why they will keep repeating. The vast majority of people never learn, even when they see the same thing happening again and again. You'll see it when we have another bull market and Bitcoin reaches a new high. Let's say that it will be 50k USD, followed by a year long bear market that will take us down to 6000 USD. The society will continue to call it a ponzi scheme that is going to 0 this time for sure and they still won't buy at the bottom. They'll say that those who bought in the previous bottom were lucky and this opportunity will never come again. Don't be a grumpy investor!
I'm sure that less than 10% of the people around you knew about Bitcoin in 2017 and had the opportunity to buy. Less than 0.5% actually bought. Out of those, most sold at a loss and didn't make any money, or lost the coins at scams, casinos, hacked exchanges, ICOs. If your coins have more value now then at the time of buying, you can be proud. You're among the elite!
People will continue to hate what they don’t understand. And you just got to know that not everyone is meant to be an investor just like you are. Most of them you see that makes those hate comments are doing it out of anger, they are all just angry people because they missed it, so they are jealous angry that people were able to get rich and make ‘free money’ like they said, lol, without them knowing about all that. Let them keep being angry.
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Yes that is a greta news for the whole crypto community with this the governments and the ruling authorities will understand that it is the need of the day and if these giant bodies will demand for the approval of the cryptocurrencies then there will be no any obstacle from them.
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What is happening with the Bitcoin SV for now? I caught a glimpse of this coin that has a pretty good potential to be the center of attention. Please share your opinion, to answer my curiosity today. Thank you very much and goodluck.
For a short term we can see the demand of it and in the short term the price of it may increase if the market will be good but for the long term we cannot expect a potential from it as there are a number of forks of Bitcoin and people now focus on Bitcoin only.
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Yes of course it will. The only reason why there are so many coins out there is that where the money is. Huge amount.of money is being transacted here, that some people take advantage by trying to tokenize everything to earn money. But for sure blockchain will be very useful leaving only significant coins.
There is no any hurdle in the development of the blockchain technology it will definitely develop in the coming future but along with that the cryptocurrencies will also develop as blockchain is a technology in which these currencies are used as a means of transaction for the money and money is the important part of any business.
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If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then?
It's easy for the government to collect taxes from crypto owners. With the prerogatives they have, it's easy for them to force each exchange account to look for detailed data from each user. Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?
Maybe the government will work with service providers, such as Google, Opera, and several other social networks, to banish and hold sudden inspections of suspicious sites, even to close them if they are indicated to harm crypto users. The governments also have the opportunity to collect the tax and the transaction fees if they will create their own online wallets and allow the banks to start accepting the cryptocurrencies. I think they have to start from the Bitcoin and after the success they have to allow the remaining currencies.
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I am winning in gambling. Dont believe me? I can show you some bet slips I believe that you would win some bets but if overall you see gamblers cannot make any money in gambling because it is not business. In business you can make money but after success and gambling is something bad as I think. I never win in gambling because I think that if I feel that I should make some money in gambling, I will be addicted and will assume it as investment which will bring me to the roads.
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Because younger people are much exposed to negative things now compared before. Our culture is also different and the source of information can be acquire anywhere using different types of technology. With this, younger people has more advantage and gambling is the one they have learn through this.
It is true that most of today's addicted people are the young ones because we all know that the young ones are the one who are most exposed to todays negative things. Young ones are the one who spend their time playing games, playing outside and worst is playing gambling. They didn't think of the consequences they may take. I believe that parent's must be aware on this to help their children and guide them. We all very much know that young people are very much addicted to gambling but we should first ask why young people are gambling in the first place, In my country lack of jobs have driven the youth to gambling and even underage kids are even gambling. New generation is going on very wrong side. There is no brotherhood and humanity in today’s young people. They just need money and for that they want to choose the shortest way and online gambling provides then this opportunity. Mostly students play online games for gambling. Their elders do not know what are they doing in their rooms and this is wrong.
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You can learn it from books and youtube, maybe from those two references you definitely get tricks on how to trade properly and maybe even you can combine the tricks obtained from books and youtube.
Yes maybe the two either, books for most people who are much reference in such a bookstore you can read it all night but better to watch yourself. I can also refer the YouTube because it became the modern teacher of this century, they are best guides for formal trainings to every cryptocurrency. It is right and I think in this day the most affective teacher in the world is YouTube, because there you can learn everything about everything. You can also learn lot about crypto trading. YouTube videos can help out you a lot and you can make better decisions about your holding. Books are also good but the problem is this that now a days people don’t have much time for reading books.
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Because that determines the victory not from how your discipline in obeying the rules that exist in gambling site dude. discipline will only make you avoid big losses because of long-term games without stopping or can be called addiction. if you pursue profit and wealth you will not be able to win, just play with fun dude
Let's not be naive. Gambling is made so that you can get something from it. You are wagering to get profit and we can't just say play for fun. If you want to have fun, why gamble with real money then? There's tons of games out there that offers the same games without you risking your money. Keep in mind that there is always the fact that all gambler, be it someone new or a veteran, they always have in mind that when they gamble, they want to get money or win. In my opinion the best way for gambling is that you should fix limits for your gambling time and money. Try not to accede that limits. Never take big money in your pocket and decide that you will spend one hour or two hours in gambling and then back to home. Do not gamble online because it will destroy you. You will never win in online gambling. If you know that you cannot win in gambling then why you not quit online gambling forever? In my view online gambling is just a bogus thing and will never pay you if you win. I didn’t see till date that anybody won big money from online gambling. On the other hand traditional casinos sometimes give big money to winners and are more authentic than online gambling sites.
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I think that a professional trader will not ask such a question. For a person who trades every day for many months in a row, this is not a problem. He will continue to do this because a bear market is also a good time to make money.
The guy is the newbie. He was just going to get the help of the professional traders and the people with the experience. I think the beginners should hold now, not trade. But if he can do analyze, then he can continue choosing the right coin, although it's difficult. But stop trading, for now, is better than to analyze which will need time before he can find the right coin. It is up to him and only he that will know. But for me, it is a good time to buy another coin which has a chance to increase later but be careful for this. Yeah you are tight and if he asked and we answered what would be the benefit of it? I think that if a trader is well experienced and skilled, he would never quit trading in this bearish market. Bitcoin is still profitable for smart traders because the price fluctuated on daily basis for about $200 to $400, and it is very good amount for making profit.
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it can happen that each country will issue its own cryptocurrency but this is very difficult because crypto is very different from fiat and they do not have full control of crypto money that is why they might prefer to legalize and provide security facilities and services for cryptocurrency.
If a country announces its own cryptocurrency it will be usable only inside the country and outsiders will not accept it. It is also good for the people of a country that they will use their wallets of their own crypto but for global use they will need crypto like bitcoin which is acceptable to the whole world. I am not against a countrywide crypto but it will not work like the global crypto.
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A human need of survival extends to the growth of a family, of the certainty in achieving a prosperous life. Yet what's really the basis of being a poor? Talking about the significance of money comes along with how much a family earned daily, weekly, monthly or even a year. Constant with the changing society is the changes in the field of market factors such that increased in demand grows above rate.
Weighing on how little... is how little do we earned, how little we are as a whole, and how little the world could turn upside down in just a second. Economically, for someone to be called a poor isn't based upon the money itself, but the reality that a person experiences every day such that even how big you are if you're still trying to come forward just a little step is a lot difficult compared to the others is basically the poor one.
The basis of a poor person is his ability to earn a living and his living standard is very low. Income sources are not available to save and always maintain a low standard of living. Poor physical facilities. Some people do not even have a house to live in. Poor by birth is not your fault but you can change your life with struggle and hard work. No doubt that you will be successful in the future. Like the cryptocurrency, if you invest in it today you will definitely make good money in the future, although the market is down these days but these situations will not continue for long time and will be recovered soon.
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Every time the market falling lot of communities got worried and panic immediately, which is supposed to be not. This is Trading industry, where it is very normal for this business to encounter decreasing and increasing value whether ti is Bitcoin, altcoins, Usd and etc. so if we don't want to be afraid to loss of capital we must be patience and skills person in this field of business.
It is cryptocurrency and the market will change every day. There is nothing to worry about it. one day you will earn and the other day you will lose. What’s wrong with it? I know that the market is red these days and warns investors, but the solution is not that we all quit bitcoin to save the rest of our money. We should stay and promote bitcoin to recover its previous position.
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Such information resources will be very useful for the development and popularity of the use of cryptocurrencies, for some we just need more time
Yeah like my community more time is needed to fully understand cryptos especially bitcoin. Now there are many informative resources like social media, print media, electronic media and mobilization campaigns about cryptocurrency. In the near future the whole world will invest and use bitcoin because they will know the importance of cryptocurrency and its benefits.
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Define bitcoin as currency: Australia, Sweden.
It is clear that bitcoin transactions are illegal: Indonesia, Bangladesh, Bolivia, Ecuador and kyrgyzstan.
Clearly identified as legal means of payment: France, Japan.
Specific economic activities related to bitcoin: UK, Germany, France, Finland, Norway, Russia, Singapore, Israel.
The first country to recognize the legal status of bitcoin: Germany.
The first country to block bitcoin: Thailand (now a changed attitude)
ICO's country: China, South Korea.
Countries with positive attitudes to ICO: Russia, France.
Japan: embracing reform, licensing, and overall regulation.
Japan, as an innovator in this reform, has been on the cutting edge.
You’re wrong, no country has plans of making Bitcoin a currency. Yes, some. Of them have interest in Bitcoin but its not in that direction. It can be that they just want to be able to be looking into it closely just to know when things are going wrong and how to trace it. None of them can regulate it and they don’t have intentions of making it their currency.
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I always have a mindset that gambling is fun and entertaining, I used to played for profit but now I played for entertained myself, I like to share my point of view about gambling, but I afraid when I introduce gambling to someone who cant control himself or herself then it can become a problem, and I can become the one that make him/her become addicted
So in one my hand I'd like people to enjoy gambling but in one hand I afraid it can turned into disaster and I could the person that cause the person become addicted, so I kind of confused when someone come and asked me to teach or explained thing about gambling, should I teach them or I just ignore them? How can I teach or convince them that gambling is only for fun? Is it a wrong idea to teach or convince them to gamble for fun?
We all know that gambling is a good thing or idea in order to earn profit by fast mode. Gambling is very entertaining, in terms of excitement and enjoyment gambling I think is in the top of the most all over the other ways of earning. Yet gambling also have a negative effect like when you excite too much and gone for greediness. People must not be confused that gambling isn't a good thing long term way of earning but risky and must not abused. Do you think that gambling is for enjoyment? I don’t think so because gambling is the worst thing in the world and it destroyed lots of people throughout the world. There are thousands of other activities for enjoyment then why gambling. You can convince people for much better activities other than gambling. If he became gambling addict, who will be responsible for that.
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I think that is a very fatal mistake because you have sold the bitcoin that you have because in fact with the bitcoin you have, you can get a lot of profit, but if you have sold too much bitcoin, then I am sure that regret will come to you.
Why you sold your bitcoin? You didn’t tell that. But I want to say that buying and selling depends upon the need. If you need money and you have nothing else except bitcoin then you should sell bitcoin besides you borrow money from here and there. Having bitcoin means that you overcome your financial problems. If you also sold for your financial hurdles then you did well.
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Hats off to the one who found crypto currency. As we say this is Legend Satoshi Nakadomo, lets appreciate every step he has taken in implementing the same. Lots and lots have changed now after crypto currencies have brought in if you look at. Mother of crypto currency the Bitcoin has shown its growth in the market turning everyone towards crypto currencies.
How do you welcome the crypto innovation? How can you describe your experience here?
I will welcome any cryptocurrency innovation positively since it will be a great help for us. Since innovation is something we need to be able to develop. It will be a great help not only for the individual users but as well as to the world economy. Not only financially but also innovation in new learning or methods about technology Crypto innovation brought the modernism of currency and being a public friendly source it has achieved all the popularity and reputation which is not present else where. Other investment sources which are traditional and we all are well known to those sources in which things are simple but the profit is not that much as much the crypto especially the Bitcoin enriches us with so I like innovations like crypto is now my present and future. Yeah it is a fact that cryptocurrency is the unique invention of the recent times. It will bring change in the economy of the world. People will feel different when they use cryptocurrency all over the world. The image of cashless society will be different. It will take long time but I hope that I will see this new era in my life. People will need smart phone and internet in the markets.
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My friend really don't care about cryptocurrency. They don't want to get involved into it. I tell them about it and they just ignore me. They think that they will only lose their money if they get into cryptocurrency.
They think that putting money into cryptocurrency is just like gambling and they just lose their money quickly. But common people nowadays believe in a scam scheme right away. Scammers tell them that they have assurance and they will have profit weekly if you put money to them. But we all know that scheme is a fairytale and no investment has guarantee that has no risk and profit weekly. People is tempted about the offer but didnt think that offer is a scam but if we told them about cryptocurrency they see it as scam already and they just dont see the change that it will bring or they just dont care about it until it was big soon. Many communities in this day do not aware of cryptocurrency and if you tell them about crypto they take no interest. It will take long time to convince them to put their money in cryptocurrency. Most of the people in my community are illiterate or less educated; therefore they are not interested in cryptocurrency. With the passage of time they will aware of crypto and will become a part of this world.
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