I never understood the sentence "world debt", who does world owe money to? Mars? What does world debt comes down to? Does that mean some countries owe money to other countries, if that is the case does that mean there are countries in the world who combined owed 250 trillion dollars ?

Those countries must be insanely rich right now considering they are owed 250 trillion dollars but whenever I check worlds finance data I do not see any country that much ahead of everyone else, most of the time everyone owes money to each other and there are very few countries that are owed money and certainly not 250 trillion dollars. It just feels like world is printing money more than it can collect and creates a financial instability which creates a broken system that makes everyone owe something to each other until someone can't pay.

Bakkt also is just showing one proof of what bitcoin can be. It is not really just about BAKKT at this point. Of course having BAKKT would help us a lot and it would improve the volume and so forth but one thing people are missing on this BAKKT deal is that we are not excited about specifically bakkt, we are excited that it is the first, after it starts that will be the first one of many and we are hoping it will pave the way for many like it.

If we can get SEC to get used to accepting Bitcoin related stuff than we can have a lot of securities exchange offering bitcoin and even ethereum in the future. So we are not really thinking Bakkt itself can influence the value right away, we are just happy that the value will be going only higher if more Bakkts happens.

There is no need for anyone to lose hope this time. The price seems to have reached the bottom price, it has been stable all this while and remained at $3,800+. This is even the best time anyone that wants to wait for the bull run to buy and hodl till then. If you don’t buy now it might be late for you. And as for those that have had their coins stuck in their wallet due to loss, the best they can do is to keep on hodling. If possible for them, they should even buy more at this low rate.

I didn’t lose my confidence . This was another opportunity for me to buy cryptocurrency at a more cheaper rate. I never expected the price to go this low after reaching that $19,500. So this is a good opportunity for me and I didn’t waste time in buying once it dropped low to $3k. It’s only those that didn’t sell when it was at $19k that would be talking losing confidence lol. As for me, it’s an opportunity.

Lol its more dangerous to hold their currency right now than holding some scam coin that's 2000th on marketcap.

I understand why would people want to sell bitcoin for cheap there because at this point having bitcoin is more valuable and their money wouldn't lose any value that way instead of keeping the fiat there which loses value all the time and people are literally losing weight because they have hard time feeding themselves and their children.

That's why I think bitcoin could be a savior there for people but it might be too late, whoever had money already spent it and right now the crisis at a point where you can't just buy bitcoins and hope to live with that instead of fiat since everyone is spending every single cent of their money on food anyway.

I think the weird part is who is willing to SELL bitcoin for fiat there ? Like I understand the buyers but sellers must be crazy, maybe people who need money? I don't know.

I think for people who bought and accumulated like OP it wouldn't be insane to not buy bitcoin anymore. However, it all kind of depends on your purchasing average. If you have an average lower than 5 thousand dollars than you can just stop and wait for it to go up (you can still buy more to drop the averages lower and make more profit later on) however if your average is anything over 5 thousand dollars and you have enough money to reinvest, I would still suggest buying more with each paycheck. Nothing huge but keeping a 5% part of your paycheck for buying more bitcoins wouldn't be crazy.

It all depends on your averages, I would suggest everyone to keep buying anything under 4 thousand but as the price starts to go up (hopefully) you can once again stop buying and if the price goes above your average buying price than you should definitely stop buying.

The "moving on" has been our policy for months now but something keeps happening and we are here stuck with the short end of the stick every single time. I do not really understand how "moving on" could be done honestly, I am trying, we all are but than something pulls us back.

The future looks bright and we do have a great potential ahead of us but that was the same just couple months ago when price was 6.5 thousand dollars, BAKKT and ETF was earlier and we were waiting an increase with them, than Craig happened and SEC delayed and BAKKT delayed and now we are here with 3-4k range and once again waiting for them. I do hope it will be great for all of us but I am not holding my breath anymore, I am hoping for a better future but I am not betting on it.

There are hundreds of reasons why people are opting for holding coins rather than going for active trading. Believing in to the future of that particular coin must be the one of the main reason. It has been proved that holding is more profitable than active trading by riding on every ups and downs of a market. Because, you may get struck at any time whereas with holding those kind of problems are easily eliminated.

That is the big problem of active trading. When market remains stable, active traders are almost becoming jobless. Moreover, trading takes lots of hard work and hassles including developing strategies and testing them in real time and then applying them at right time. But these are all not at all an agenda for a holder. They simply choose the right asset and then buying and forgetting.

How many series does startups get before they can actually run their own companies ? Series E now ?
I mean 300 million dollars is good enough, they got investments before and they have 300 million more now. At what point do they stop and start selling parts of the company instead of getting investments ?

Coinbase is already huge and they are making a ton of money, it wasn't a great decision to buy earn.com for 120 million dollars (I am not arguing the purchase, that was good, I am merely arguing the price) but that way they became bigger and right now they are really working hard with the new Ireland office plans and even working towards a potential UAE office for middle east and a door between Europe (Ireland) and a potential new Asian market.

Lets hope they manage to localize their website to each countries laws instead of making everyone follow american laws.

I like the start of the video but there are some good critics that go against the others that say its a scam. I mean I understand why you would put the "bitcoin is a scam" people there because they are literally idiots and so old that they do not want bitcoin to succeed because if bitcoin and crypto succeeds that means the end of their time. However, "is bitcoin dying" and news outlets that shows "bitcoin sinks under $4k!" is actually true journalism.

Bitcoin did went under $4k (I think its under right now too) and considering they are just giving information objectively sometimes, thats a true statement, from $20k to $4k is a crash and is it dying is a valid question. Are they doing it in a bad manner to make it look even worse? We don't really know but a video where people that say bitcoin crashed and bitcoin is a scam are two veeeery different stuff.

Everyone talks about how bakkt and etf would make the price go up but thats not the thing I am looking for. ETF and Bakkt would make bitcoin look like it is a professional investment option like buying gold or stocks and what not instead of making it this new technoscam type thing some of the older investors talk about.

I am not mad at them they are 70+ years old and they have invested into stuff like coca cola and gillette and newspapers because they knew those business' would continue forever and was a decent investment chance and they do not understand what makes bitcoin have any value at all. However with this ETF and Bakkt we will be putting our hat into the ring and telling those exact people that we do have a value and we are here to stay, not going be this kid savings type deal but a couple trillion dollar giant.

What you exactly mean ? Government encourages credit card based transaction or just electronic mode of transaction ? Because, I doubt that you are not having clear understanding between these two types of  mode of transactions. As far as I have observed that no government will emphasize their citizen to go for loans but now a days, many governments are slowing enforcing citizens to go for electronic mode of transaction due to the reason of "easy tracking".

Cashless society is the stage on which governments are believing to have all the control of money-flow. But, I believe no government will be successful on their actual target as privacy is the basic human right and no government may not interfere into that.

Using a credit card cannot be an indicator as it is just another type of loan. A nation's economy has nothing to do with it.

You must take time to enlighten yourself before asking such a question in this open discussion forum.
Yes, not just only one people is saying that bitcoin is the king for ever but a lot of people. How a group of people will be totally wrong ? Bitcoin has all the potential as per the expectation.

All you need is simply going through the basic concepts of bitcoin like how its limited supply is being attracting people and what are the actual benefits of adopting a decentralized system. How bitcoin is going to replace banks/gold/paypal/WU and a lot other similar things.

Basically we are into an electronic era where people are preferring digital money and quick transaction from their mobile app. Plus, you must need an asset which will be providing you multiple returns over the time and should not be hacked. All these are available with bitcoin systems. Interestingly, we are still into the early years of bitcoin and compared to the future adopters we must be still having the chances of to be called as early or adopters by the people of 2050. Then why not adopt bitcoins to enjoy the maximum benefits and advantages ?

I understand that you want to pay a merchant similar to debit/credit card but using bitcoin ? I guess that will be possible in the future but right now it will be possible only through mobile app based wallets. But you and merchant must need to wait for at least 10 minutes to settle down everything. It means we need LN kind of third party support for quicker transaction which will be using bitcoin as mode of payment.

But, I am sure that what you are imagining will be going to happen like you will go to a shop where the merchant will be accepting bitcoin payments and you will be holding some device (which may look like the exact debitcard). After shopping and billing merchant will show you some QR code in their computer screen, once you scan that it will display merchant's BTC addy and the exact BTC amount you need to pay for your purchases. You just click and confirm that transaction using your fingerprint in that device and a peep sound in merchant computer's indicates that the transaction is completed. This is going to happen anytime soon, start preparing for that.

Please note that specialized device may be your smart phone itself but we need solutions for trusting transactions with zero confrontation or anything similar to that. Then only paying in bitcoin will be feasible for real time purchases.

I believe bankers' opinion is not at all matter for bitcoin as it is anyhow going to replace them. It may take some time but definitely it is going to happen. Because, people from around the world start realizing the importance of having decentralized system for their financial need. Banks are actually devaluing common people's hard work whereas a deflated system increasing the value of people's savings . This core differences will be the key. Yes, that is the real success of of being decentralized with limited supply.

No, that will not happen in a single day hence people will be having enough time to switch over to new jobs. Moreover, blockchain based systems will be innovating and creating lots of new jobs hence the questions of unemployment due to this is completely meaningless.

Due to the downfall of entire crypto space, most of the new coins are finding very tough time and unable to stick within their roadmap. Moreover when you are investing/buying some coin without proper analysis then you will end up such junk holding. No one could help you in this regard. In the past also we have seen many coins were getting delisted from exchanges after heavy dump and low daily volume. Those kinds of the should be considered as junk after they were losing their value below one satoshi  and after their dev team abandoned them.

That must be the practical approach. Instead of selling them in losses, it would be good to hold them. Because, anything may happen in future and if one or two coins will be getting some decent value, that may cover of the total stash of garbage. Being positive may help sometimes, why not with junk coins.

But we are having lots of deflation coins which are good over the time hence you do not need to worry about inflation. Ethereum or dogecoins are inflated coins, their value may go down over the time. But, most of the other coins are having fixed supply. Ethereum based tokens also having fixed supply and they cannot be having excess supply once created. I agree we must wait for the right opportunity to make use of. We should never rush for making investment opportunities because when we are in hurry then we will be making lots of mistakes on choosing a right investment.

How a graph will be telling you the prices is high and the price is a low. We need some technical tools to identify high and low price levels. You are not stating any strategy but you are missing something. Basically, only with comparison, we may identify high low price levels to buy and sell.

If you look into the list of top 80 coins in coinmarketcap, most of them are corporate coins and having enormous amount of circulating supply that is the reason they are getting listed into top 100 coins. With most of the coins, I'm not seeing any future. I mean to say it is not good to go for blindly choosing the top level coins for investing. Heavy promotions are more than enough for them to get listed in top.

It is good idea to choose coins based on coinmarketcap but after getting the top list, we must need to go for doing our own researches so that we can filter out more effectively. I guess just top 10 or 25 coins will be good for any investors because heavy diversification will be leading to big head ache later on for managing them for right time selling off.

When you are aware of sharing your mistakes and the lessons you learned from the experience, why you have not opted for learning from others mistakes ? That is an easy way of gaining experience and also it comes for free of cost and free of frustration. I mean that you do not need to go for committing all the mistake by your own to learn experience but you can learn the same things from others mistakes too. Just go for easier things.

You have provided very much useful tips which will be definitely helping many traders here. I wonder how long you have been into trading so that you got chance of make these many mistakes and got time to learn some lessons from them.

You must have been keeping track of your mistakes and for the lessons too. Otherwise it could not be possible for any other trader to remember all these and also unfortunately most of them are not finding time to share the experience with this community. In that way I must need to appreciate you. Keep your good to go up always for the sake of this community.

Marketcap of bitcoin is 67 billion dollars and I do not think it is at lower side for manipulation. I mean its marketcap is not a criteria for being volatile. Like any commodity, bitcoin's price level also being determined by supply and demand. Even we have calculated supply, the demand is at lower side to match the supply and already existing coins. When people dump their bitcoins, if there are more buyers then we will have rising markets still there will be less possibilities for stable prices.

Only after bitcoin will become as a mainstream payment system and people buy and use bitcoins for transacting like fiats, we may have stable prices for bitcoins.

But trading is known for creating magic in your life when you will be you equipped yourself with all needed skills and strategies. Yes, making millions of dollars also possible from trading but it needs lot of dedication and efforts. Magics will not happen on its own but we can make it happen through trading. The real catch here must be, preparing ourselves as a professional trader. Because, this will not be possible overnight but possible over the course of time by learning and keep learning.

Yes, all the traders who are all approaching the markets just by believing in to their luck factor will eventually lose in then collapse completely. A magic in trading should not be considered as a luck factor. In magic in trading is possible only we are deserved for that to have.