Actually, there are many profitable cryptocurrencies in the whole market, especially who exists on the TOP 20. Moreover, for me, the best two digital currencies to HODL are Bitcoin and Ethereum because profit in them is guaranteed and very acceptable in a short, middle and long term. They are also among the best currencies to invest a large proportion in them.

In addition to that, I advise you to HODL a huge amount of money in different cryptocurrencies who has a big value of market cap (more than 3-4 Billion dollars) and a weak value of Price and the best example of that is Ripple (XRP) their market cap is 35 Billion dollars and their price is close to $ 1. So this currency is appropriate for holding and the same thing the other like, Tron, Cardano, IOTA, and I am pretty that your profit will be so important especially in a long term, so you must be patient and wait for the good surprise.

In general, I agree with you on a few points. Plus, I see that there are many psychological problems in many people (gamblers) and adversely affect and lead to financial losses, it is true that gambling is just for fun and improve the mood, but unfortunately, many consider it as a full job, this is the issue and wrong belief from those categories.

As a matter of fact, the Mental is not similar for everyone, so your 5 points may adversely affect on gamblers and may not. In fact, I think one of the most common things that leads to loss in gambling is the imagination or illusion, for example, Many believe that will win in the next game and when they lose, they try again, and again, until losing all their money and all of this because in their opinions, they are sure that they will earn a huge financial of money.

In my opinion, it is unfortunate that there are many scams ICO's in the whole internet and the deception has become widespread in this period,  So everyone should be careful before choosing the ICO. Furthermore , I see that there  many people have been easily fooled because of their misbehavior and hastiness, that's why the scammers always make a fake ICO's because at that point  they can make a lot of money in an easy way.

Furthermore, the widespread issue with most of  people is the greed and they always want easy money through Airdrops and other things, so this can be the weak point of many of them. For me, I do not like ICO's because there are many bad projects in terms of ideas except few of them.

Honestly, in this era, Bitcoin has become a major positive influence on the field of money and it has changed everything for the better despite that many governments do not recognize it and consider this cryptocurrency a threat to them, plus, they try to destroy it in different ways, but always fail to achieve that because Bitcoin is very secure and It is very popular around the world.

On the other hand, I believe that one day we will see a global recognition of  Bitcoin and maybe it will be a single coin, although it is difficult to occur during this period, so everything is possible and maybe there will be new surprises, Bitcoin has many characteristics and better than FIAT. In fact, I do not think that countries do not want to benefit from this technology (Bitcoin).
 

In general, this is a good step for Russia to legalize the cryptocurrencies and hope that the other countries will follow it. Plus, some countries (like, Russia, Japan, Canada...) knows that the era of digital currencies will have great success in the near future despite there are many attacks for the governments to destroy them, but fortunately they always fail to achieve that bad goals.

In addition to that, if one day Russia will legalize the payment by crypto, then it is expected that users will be exploited through a large amount of tax and I hope that my prediction is wrong. Furthermore, I think if there will be a global recognition of cryptocurrecies then there will some issues on Banks (FIAT) but I think there will be a solution to that.

Absolutely yes, the cryptocurrency that attracts the attention of everyone, especially big investors is who has many advantages and characteristics like, their project, the high value of the Market Cap, and particularly when it is exist in the best exchange platform (such as, Bittrex, Binance..).

Honestly, I see that there is a ton of bad cryptocurrencies on the market and the issue that many people are hasty to invest in them, and always after a period they become disappointed, when those currencies fall by a large proportion. Furthermore, everyone must be careful when investing, and believe me, this is not an easy field to make a lot of money, you should always focus, choose well the right digital currencies and avoid hasty choices especially in the difficult situations (biig pump, or dump).

Who cares about this opinion of PayPal CEO (Bill Harris)?
I am pretty sure that this view could be due to the fact of the major financial loss in PayPal because of the presence of Bitcoin in the market and their development over time in the value of price, market cap, volume and even their users which has become hugely high. In fact, all of this negatively affects on PayPal.

On the other hand, I see that many businessmen and CEO in the field of funds become afraid of Bitcoin and cryptocurrencies in general, I think all these bad opinions do not affect On bitcoin, and it is certain that this new era of digital currency will develop in many ways and will be better than the previous.

For me , the  issue is that there is a proliferation of many pessimistic news in the whole internet especially in the field of cryptocurrency,  furthermore, there are also many rumors from the media  on Bitcoin and Unfortunately, this negatively affects the users of crypto  because they always believe that false news, at that point there may be a drop in the market but by small value  and  ineffective.

As a matter of fact, I avoid all those bad news on the internet because they want to control and manipulate people and in my opinion, I guess that's who controls the media in the field of crytocurrencies are the capitalists (who have a large proportion of Bitcoin and digital currencies in general) In order to achieve their interests and goals. And always the biggest victim of these problems is the user.

Well, I will explain  my opinion about  your question (OP)  in a psychological way.
Most  of people are related about things that helped them to make money ( like, trading in cryptocurrencies ) , that's why  they always have confidence in those things and think  that there  will be  development in them and they  will earn a large proportion of money and even better than the above despite that  some problems and crises are realized because they always have a good  futuristic outlook for those things.

On the other hand, for me, I believe in cryptocurrencies and especially the king Bitcoin , and I am pretty sure that after some months and  even years, the  digital currencies will have a big potential in the world and the economy of many  countries, particularly when there will be a global recognition of them through the goverments.

Unfortunately, many countries are always scared (except  a small minority of them like, Canada, Japan.. )  due to  the existence of digital currencies and especially Bitcoin in the market and the rise of their users over time, So this leads to financial losses to some countries  because they are not benefiting from financial transactions through Taxes and they cannot even control them, despite  have tried many times to eliminate and destroy   but always fail to achieve those bad goals because it is very secure.

Furthermore, I think if the governments will recognize Bitcoin and cryptocurrencies in general, then it is certain that there will a boost in their economy, but they just have to use it intelligently and without exploitation, although it is difficult to achieve this, because countries always want to exploit users through a high value of taxes.

In general, everything is possible in the era of cryptocurrency and during the previous period we saw many unexpected surprises in the market (for example, The rapid rise of Ripple, Tron..) but I do not think that your expectation will be achieved, especially within the next few years because Bitcoin has many characteristic and advantages compared to Ethereum such as, the high value of market cap, price and value.

In addition to that, now Bitcoin is the controller of the whole market and everything has become linked or related to the king (BTC). Furthermore, it is true that Ethereum is the second best cryptocurreny and their value has improved over the years, but there is a big difference between this currency and Bitcoin. In fact, for example, when the price of Bitcoin has risen significantly, then Ethereum has jumped too, so Ethreum is the follower of Bitcoin.

In my opinion, It is difficult that  Ethereum will return to the crisis or decline because I think the problems that led to a fall in the entire market have been solved. In fact, as you wait for that chance, then you will lose your time and many other opportunities in different crytpocurrencies  and you may regret, especially when  Ethereum will rise with a huge value.

On the other hand, I guess that one plan or strategy does not guarantee an acceptable profit in the field of trading, so you must have a different strategies in each situation. Trust me, if you play it always in a safe mode then you cannot earn a large proportion of money, and for me, risk is essential to achieve your financial goals and more. Plus, you must forget Ethereum, and try to buy another crytocurrencies like, (Ripple, Cardano, Tron).

Absolutely yes, I think this is the beginning of the storm after a long calm (more than 3 months), and the correction has begun weeks ago. As well, it is normal that there are some declines in the market, because all cryptocurrencies are volatile, contrary for the coins of the countries (FIAT like, Euro, dollars..) which are always stable in value.

Moreover, the market is always linked to Bitcoin and fortunately this cryptocurrency has became in a stable jump despite that it sometimes falls, but by a small proportion and this leads to a rise in most of cryptocurrencies because they are the followers of Bitcoin, and I am pretty sure that there will be a continuous rise in the whole market especially within next 3 months.

Honestly, everyone should be careful and not rush to choose the currencies in which to invest their financial of money, because there are many scams ICO's and bad coins in the market . Moreover, the most essential thing is to study the currency well before investing in it, also you must have many strategies and plans ( Plan A, B, C) in every situation because there are many unexpected surprises ( like, that last crisis ) .

Furthermore, the  field of investment is not easy  and it is unfortunate that many people belief that thing, But they become disappointed after they  start to invest , because those categories have not studied and understood this area well. Plus,  for  those who want to succeed and profit in investment must deal with all situations in a smart way  especially the risk.

Well, I think that the previous crisis in the whole market is over and it will not return again, especially in the coming months and due to Bitcoin return on the rise, then it is sure that there will be several wonderful surprises in the market, particularly for the currencies who exist in the first ranks (like, Ethereum, Ripple, Cardanon NEO and even Tron). In fact, everyone must avoid the pessimism and bad imaginations (like, Bitcoin will go down, the market will fall again).

In addition to that, I expect that after few weeks Bitcoin will jump to $ 12K or $ 13K and then Ethereum will rise to $ 1000 and Ripple to $ 1.5 and the same for other cyrptocurrencies, because when we see what happened in previous years, then we conclude that at every summer period (June, July, august and even September) there is a very big jump in the market and especially Bitcoin, and it's very expected that after a few months we will see $ 30K in the price of Bitcoin.

Better is coming.
  

In general, there is a big difference between Bitcoin and other cryptocurrencies in many things like,  value of  the price, Market cap, Volume. and even their popularity ( users ). Furhtermore, all the market is related to the evolution Bitcoin, so the altcoins are the followers, and it is certain that Bitcoin is the controller of the whole market.

On the other hand, in this period there is little jump in the price of bitcoin ( more than  $ 9000 ), and however, most of cryptocurrencies has jumped  by an acceptable rate, so all of this change in the market is  due to the development of Bitcoin. Plus, that's why the goverment  are always attacking Bitcoin in different ways because they know that if Bitcoin destroy , then all of cyrptocurrencies will  disappear.

In my opinion, I guess that you should avoid those telegram groups and other things and trust me, the only one who can help you is yourself and no one in your place. Furthermore, the most essential thing is that you must learn about how to have a futuristic vision about what will happen in the market. In fact, the majority of people who have that advantage are always successful in the field of trading and they make a lot of money.

As a matter of fact, and I think this period is appropriate to buy a large proportion of different cryptocurrences and maybe it is the last chance for that, because the market exceeded the previous crisis and became a small rise, and for me, I advise you to buy Bitcoin, Cardano, Ripple and Tron, and hope you will earn a large proportion of the money.

I have learned something  in psychology and want to share it with everyone , and  hope it will be useful.

Fear is one of the biggest problems or obstacles which everyone faced in many fields ( project (ICO) , Trading ( cryptocurrencies).. )  and  It is negatively affected on  people and leads to failure and bad consequences.

In fact,  fear is something we feel it  inside us,  so it is something "physically", this means that when you fear, your heart will quickly beat, sweating , blood pressure...

There is something like fear (physically) , meaning that this thing is the same of  what we  feel it  because of fear ( inside us ) which is "Excitement" ( quickly beat of heart , sweating, blood pressure)
And we cannot remove those things, due to they are  inside us.

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But there are 3 steps leading to change "the fear" to become "Excitement" and they will be as the following:

Before everything you must understand that your mind do not differentiate between positive and negative thoughts, and It is  only implement what we think in reality. So your mind is the only  one who achieves fear and Excitement.

Step 1 :
When you feel scared, then you have to close your eyes in 5 seconds,  and you should try to forget everything and Do not think about anything , because after  5 seconds you can give a new message to your mind.

Step 2 :
 I will explain this step  through an  example , When you have a  fear of starting a new project (ICO ) , and then after the 5 seconds ( Step 1 ) , simply, you must close your eyes again, and just  imagine good things (like, Imagine that your project will succeed, and you will earn a lot of money, you will be a businessman/woman..).

Step 3 :
Tell yourself some things that can motivate you, like that :  I am excited to start my project ( try to repeat it many times ) .  And after that ,  you will have  a positive energy (+) inside you.

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When you will achieve  those steps, your mind  will think you are excited and not afraid.

Hope that everyone will follow those steps.

Best regards,

In my opinion, I think that Ethereum and Neo are an acceptable cryptocurrencies for investment in order to guarantee a great profit, due they are in the top 10 on the market, but you must invest in the appropriate time (when there is a crisis or big drop). Thus, the large financial budget for investment is not important when their timing is wrong. and for me, maybe this is a good opportunity to invest a large proportion of money in many cryptocurrencies, because it is expected that after a few weeks, the market will jump especially when Bitcoin will rise with a huge value.

Furthermore,   I advise  you to invest in some cryptocurrencies who has a big value of market cap ( more than 3 Billion dollars )  and a weak price ( less than 5 Dollars ), Also, you should focus and do not rush to choose currencies .Because you may regret it if you make a mistake.
In fact, I like your budget 500 £, So this is  the best way to ensure a good profit :

200£ to invest in Ripple.
100£ in Tron.
100£ in Cardano.
50£ in IOTA.
50£ in Nem.

Well, I agree with what you wrote in OP, there are many obstacles that negatively affect on the trader, especially the beginners in this field, this often results in many problems like, major financial losses, and even a psychological issue because Unfortunately, many do not accept a repeated losses. Furthermore, some believe that the field of trading is easy to win a lot of money, but that is a wrong belief, and when many of them start in this area, they fail to achieve their financial goals, then their views or opinions change.