I completely agree with you that the market is risky and patience is needed, however, I don't think Eth is the next bitcoin. There are others with far much superior tech than Eth and they are still in their infancy, EOS, NEO, and GoChain. These still stand a big chance of making it big.

For the long term, most coins will give you a good return, bigger coins have already made their fair share, I would look for cheap coins with less supply and and potential to grow, GoChain (It will replace Ethereum) , Privcy, it will challenge Dash.

I don't know what exactly you mean by "evil", however, I think bitcoin is better in many ways than Paypal. It would be even much better if it becomes more practical to use.

Whether it's a bubble, a ponzi or whatever you call it, I don't care, the fact of the matter is that it does what I need it to do and costs me way less than fiat would for the same purpose. I can transfer value across oceans in minutes and it costs me a couple of dollars or less. Everything that has value has value because people give it value. Cryptocurrencies are here to stay and there is nothing that you or any like-minded people can do about it. If it was garbage, governments wouldn't be paying the attention that they are paying to crypto right now.

Longterm = new altcoins with potential to grow. No Bitcoin holdings at the moment, I think it will only cost me money in losses. I have a few new coins that are yet to be listed and I'm hoping they will survive this harsh environment.

This can only be good if the amount is also increased or if many people quit, otherwise if no one quits and the pot is still the same, and everyone continues gathering stakes, then each stake will ultimately be worth less and less and in the end ....

There is no correlation between the two. Every project does things their own way and they pay out how much they want to pay. It has nothing to do with the time it takes. If however you look at the value compared to the amount of time you have spent on the project then, of course, you might decide it's not worth it to spend a whole year promoting a project and get a payout that is the same as you would have gotten even if the whole process took 3 months. $100 in 3 months is always better than $100 in 8 months.

In most cases these are the ones who actually receive huge amounts that actually can have an impact to the price, compared to bounty hunters who's share is always much smaller. Someone who put money into a project to make more money will sell and take profit when the first chance presents itself because they don't want to lose money. A bounty hunter who didn't invest money but time might be willing to hodl because they have nothing to lose.
Chances are that they might also have more faith in the project since they spend more time promoting it.

Anyone can dump especially now that the markets are not stable. Very few coins are able to go above their ICO prices. I have also experienced that a few times where the bounty hunters are given their coins many weeks after the token has been listed. By the time we get the tokens, the price would be very low already. It also appears that bounty rewards are no longer worth it, I have since stopped participating in bounty because we can spend months doing the monotonous activities, promote the projects but at the end of the day, the rewards are peanuts.

I completely agree with you, but I think the OP just wants to know if he can use a blockchain to store any form of data. I believe the answer is that blockchain technology can be used to store any form of digital data but of course each time that data has to be accessed, it's a transaction and it costs money and network resources. The larger the data stored, the larger the transactions and ultimately the longer it takes for each transaction to complete. I'm pretty sure there are solutions and my small mind (for now) can't provide a good enough answer.

I don't bitcoin will lose dominance any time soon (at least not to such low levels).

Be sure glad you didn't cause now you can enjoy the same asset for 1/3 the price. What a great saving

I can only hope that this will turn to reality. Been waiting a long time now

Computers are not necessary, what's needed is internet access and an internet capable device. Loads of people have internet ready mobile phones these days. If you think bitcoin is going to fail based on that, then you are more ignorant than you think.

nano has zero fees, or so they claim. There are many coins out there that charge minimal fees

The December 2017, January 2018 period saw a lot of coins reach their all-time highs. I was exciting times for crypto investors as they witnessed their investments multiply many times. This was also the time when blockchains were tested in terms of their scalability. Some blockchains were brought to a grinding halt as they were struggling to meet the network demands.

Such congestions caused transaction fees to rise to astronomical levels and at the same time, we witnessed serious delays in transaction processing. Miners, became very choosy, processing transactions that paid the most fees. There were millions of pending transactions and things were getting out of hand. Bitcoin and Ethereum were the most hit because they had the biggest user bases but also their technologies just did not have the transaction speeds to handle the traffic.


When prices began to drop and the demand for crypto became less, we saw transaction fees start to drop to reasonable levels and they remained low for a few months. However, for some unclear reason, the transaction fees have spiked again from around 12 gwei 4 days ago up to 110 gwei and now it's fluctuating between 30 and 60 gwei. Trust me, the reason is not congestion on the Ethereum blockchain, during the all-time high period, Ethereum was processing over 1 million transactions per day, reaching up to 1.4 million. Currently, it's doing less than half of those transactions per day, less than 600k yesterday.

Why the high fees?
So why are we paying the same fees as we were paying during that period? Some are claiming the spike is caused by some Chinese exchange that is making users vote for listings based on their addresses (highly unlikely). Others are claiming it's caused by a certain airdrop (plausible), on the other hand, some blame miners at some pools which have apparently increased their minimum gas prices to 50 gwei. Apparently, miners are refusing to process transactions paying less than 50 gwei.

And now the calculations
Some of you might be confused as to what I'm talking about. I have made this infographic to try and show how they calculate transaction fees.



Please don't allow miners to suck you dry, now that you know how to calculate these fees, it's time to refuse to pay high fees. Pay the fees that you want and these miners will have no choice but to process your transactions.

I fell victim to a hacker because I did not follow these guidelines. One other point that you missed is "never send yourself an email with Private keys or passwords". Do not use the same password on everything.  1 account 1 password. Use2fa for everything

We also have to remember that people got burned when they bought during last years bull run, at least those that bought at ATH. Once bitten, twice shy. Those that were not burned learned from the experience of the others, people will be very cautious now. They will take profits when they have made them, and they will sell when they see signs of dips.

Smart investors don't gamble their money away. Risks need to be taken yes, but they must be calculated risks. If you blindly throw your money at something without fully understanding the market conditions then you will probably remain poor for a very long time.

In as much as I want to see bitcoin going to the moon, I also want to optimize my earnings. If there is a chance of getting bitcoin much cheaper, well I will wait. Of course, we can never tell when bitcoin will bounce back, but so far it's been better to wait. if I had bought say at $8000, I would have to wait a hell lot longer to start seeing some profits. So why not wait now with my fiat to snatch cheap Btc and stand a better chance of making profits as the prices start to rise. You must put into consideration that there are alternatives out there, in the form of new coins, yes they are risky but what isn't?