I also think the same, in my opinion gold is really over valued. If we see the real life application, it completely fails in present scenario. Earlier women used to wear gold ornaments but now this trend is decreasing because of safety concerns. There are thousands of gold stealing cases occurring in my neighborhood everyday.

Some people like to feel their investment like cash. But it is not possible in case of things like stocks. However, now there are bitcoin ATMs being installed in some countries and you can easily en-cash your bitcoins suing those ATMs. Once you have used such an ATM, you will realize that bitcoins are real.

Wow, this mans that you started little early than me. Most of my investment is after bitcoin reached the $8000 mark last year. I know that I am quite late in crypto but I am tryign to compensate with investment in some new alt coins that got good potential.

Both China and Indian government has banned bitcoins bu the reasons are different in my pinion. China wants to be in control and thus will not allow a decentralized payment system there which defeats its ideologies. On the other hand, Indian government is harsh n bitcoins because they are very much concerned about the people in their country. They do not want a lot of people to suffer financial losses in case bitcoin ends badly. Thy will have to support these people with compensation if they did not stop people from investing in crypto.

But is it justified to invest in bitcoins only based on the price level ? Your criteria should be the returns given by the coin. For instance, suppose you invest in Ripple which is only $1 and it becomes $10 in an year, this means you get $10 x. To get 10x returns bitcoin will have to go to $80000 in an year which is quite hard to achieve.

You mentioned a good point about bitcoins consuming no paper. That is really something I always forgot to mention when people here spoke against bitcoins saying that it is against environment as lot of electricity is wasted in mining.

I think bitcoin hater is  a person who spread negative news about bitcoin without doing any research about it. I am fine if a  person studies about bitcoin and then do not like it based on his study. But having a negative opinion without any base is really something I could not understand.

I agree to this. See, we already have a huge market created for crypto or say investment. Even if bitcoin dies tomorrow, that money will still be available to be invested in other options. People have got used to high returns and we will see developers coming with solutions to satisfy that need.

I think that ETH has evolved as a superior coin in last 3 months. It gave positive returns even when all other coins were in red. I accept that the growth is nothing in comparison to previous year but we still got 8 months left in this year.

Here is what I think the prices will be after an year:

ETH: Max $1500

Bitcoins: $25000-$3000

Ripple: $6-$10

I am investing in all these coins to reduce my overall risk.

That might be a valid issue but if the platform wants to survive for long , they have to look for solutions to this problems. They should not accept all projects and these should be reviewed strictly before opening them to participants. I am yet to use that website and cannot give my personal opinion on genuine it is.

What is more funny is that this thread was started in 2017 and people are still debating here whether ETH is a scam or not. ETH has already moved a lot since that time and a lot of people made good money with it. That should be sufficient to answer the OP.

I do not think that this applies to signature campaigns. Signature campaigns that pay in bitcoins have somewhat fixed pay for all ranks. This pay is same for all campaigns irrespective of the number of participants. I have not participated in other bounties and thus cannot tell about them

You can consider buying some but if you are a long term investor , do not invest more than 105 of your money on this. Better go for safe coins like ETH as they give good returns along with some peace of mind. This balance is required if you want to continue for long.

I think people get in trouble because of lack of proper planning. Most of the people are casual and they start acting once the problem has become intense. A wiser approach is to be proactive and take strong decisions so as to avoid the financial problems like debt.

Very true, in my country, there had been multiple instances where news channels where caught taking money to broadcast news in favor of particular party for money. It is really sad because media can really have a big impact on the thinking and behavior of the citizens of a country.

You are right that bitcoin can be good for the society but this is not what the OP was asking. He was interested in your story in relation to bitcoins. Like how you started with bitcoins and how much  profit you made so far .

They are not stupid, they are just not ready to give time to learn about crypto. They are judging it based on what media says about it. And media will always focus more on negative aspect of bitcoins because it will give them more viewers.

That maybe might be worth considering while choosing between a regular job with guaranteed pay and an investment that may or may not give positive returns. It is an individual choise at the end and also differs on various other factors like the current risk taking ability.

If someone ignores this, he will go i debt. The number of people getting into debt is on continuous rise and this trend is observed in people of all age groups. There are some common reasons behind people getting into debt. Whenever a person tries to spend more than his savings or tries to copy the lifestyle of his friends without thinking about his own financial condition, the end result is debt.