Yeah, the chance of growth based on demand and team as well as product is one thing to always look at though. The thing here is that most people cannot know what becomes of a coin or token in the future, but at least, you can have some guarantee that you are on the right track, with one with solid project and product.

With low volume, eventually when the market recovers and it gets some demand, these are the kind of coins or tokens that ends up rising up pretty fast with huge percentage increase. But it is still a gambling, if you have some excess money which are affordable on the vent of losses then you may got for these gambling .

Apparently everyone loves cryptocurrency as long as they have the idea it is going to make them wealthy someday by being in the early part of it. I am sure certain people may not even take the idea of what they are holding seriously or if it has prospect which is the reason why some bounty campaign participants do not even do some diligence before joining a bounty and make them fall victim of scam.

About being a bounty manager, obviously everyone cannot end up being a manager considering the huge time and responsibility that comes with it.

A lot of people who call this period as the worst are those like you who are actually not getting the long term picture of things. The time you should be having more hope and buying in the more is when the market is going through states like this.
Of course, no one knows the point at which bitcoin is going to eventually reverse, and the chances of going way lower than we are now is still pretty much there since the bears are still strong, and the only thing to do is just to see how thing would be turning out.

I would not say you do not have a point which you do. However, discarding the opinion of the satoshi guy is not also right since what he said is not far from the truth. The only thing though is that, with the POW thing, even the richer dudes also still stand a better chance than those who do not have much since it would take a lot to set up a mining rig anyway and that would give the miner the chance to keep having more while energy goes for it.

POS is more like a version of investing and holding while getting from it based on the percentage of your stake and I really see nothing bad with that.

If I am to get what you are implying, this is the fact that for those who really believed in bitcoin, and know the value it brings and how it is going to create huge differences in the future, it was very easy for them to know how to invest without looking back and see every dip as an opportunity to buy more.

Actually, this is a very good move for every investor knowing that the market will still have a way to play out in the future to go test the previous ATH, and for one thing I have come to know, anyone who is taking advantage of the dip now will surely end up doing great in the long run.

At this point, I really would not be surprised and the only thing that may end up overriding this is for us to break out from the downtrend channel with a very huge volume from here which does not look like a possibility for now. With the way things are going, I feel we have a last leg to that spot which could possibly lead us to those levels anytime soon before any possible short term reversal which I am gladly looking forward to.

When last week of June was full of uncertainty, bitcoin showed its class. Yes, even prices dropped below $6000 levels. it did not hold up there. Immediate bounce back happened. Compared yesterday's prices, market is trading down today but I am not thinking it will move down further.

No way, which is why I laugh a lot at those who just feel they will wake up one morning and see bitcoin set at $20k. That is not done anywhere as no market works that way and most especially an established market with a huge volume. Just very few investors who are inexperienced from the start will be hurt by the downward movement of bitcoin as it is, as most smart ones will be taking the advantage of buying the dips anyway.

That might happen only in months not tomorrow itself. Bitcoin may hit $100k levels too in coming months but we need to bear what is happening right now with this market and cannot dream about those high levels to happen tomorrow itself.

That is where the knowledge of how to really play your card well as an investor comes in. A lot of people just invested, they had no experience when it comes to investment or trading at all and they just opted into the market quickly because they heard it can make them rich overnight which was the first mentality where they got it all wrong in the first place. As long as you see the deep, it is even more sensible to buy the dips more and look forward to the long position which I believe in a way compensates for what anyone would have bought at the peak.

I would not be so sure yet and I would rather wait for the trend to develop before making any attempt on the market. So far, the $6350 resistance has been broken with volume, but we still have $6800. I would not expect us to just go push it out of the way immediately and there could be a retest of $6350, and this is what I am looking forward to seeing play out before deciding to make any possible move in the market.

I really do not see any need to be afraid of the market, but at this stage and most especially for traders, there is need to be careful.

Yes, what is the point calling a triple bottom anyway when there is no way we can be sure if it is going to hold or not. If we end up bouncing on a triple bottom, that still does not account the market will just turn out bullish all of a sudden as we could still end up forming a bigger bear flag anyway and depending on the time frame, the sentiments in a way changes.

What I see now is just some fake breakout and until we actually get to see how the pattern ends up forming out before we can even know which decision we should be making or not.

It does not necessarily mean that would happen. The fact that bitcoin as the highest market cap does not mean the reason why its movement control the market. It simply because it is the first, it has a huge support, it is tagged as a pair with most altcoins and this makes it hard for a lot of altcoins to stand on their own. Market cap to me is really not the judge of a support for a coin as some coins like XRP or EOS which is centralized can even easily be manipulated to that extent.

But definitely I will not select. Marketcap is a least significant measurement for me to choose one coin for longer investment in my view. No one is calculating it based on circulating coins even they consider only circulating, devs themselves own more number of coins. Then why we should consider it as an important criteria ?

Firstly, bitcoin cannot be manipulated by the government since it is still going to be decentralized anyway and in a way, I can see a possibility of the financial institutions kicking in when they deem the value is good enough to start accumulating and by then, I believe a lot of things would change.

With respect to paying of taxes, I am sure there would be a way the government will be able to fashion that out with regulation, most especially when it comes to using exchanges. The near future may not have a big changes on how people will be using their momentary systems but after few more decades definitely people will be using less percentage of fiats compared to other systems in-which cryptos will have their own dominance for sure.

I do not understand why playing with someone's money should make you feel shy and I do not understand where the aspect of playing with someone's money should even be something to refer to when it comes to gambling as that is a very grievous mistake. We keep saying no one should gamble with what they cannot afford to lose, so playing with someone's money is absolutely one thing they will get in trouble for. All these things still does not have anything to do with shyness unless it is just the person's nature to be shy generally when in the midst of strangers.

Yeah, but it is just unfortunate that in all the gamblers that are available presently, how many can actually come out to say they have won a whole lot from gambling, and in this figure, how many will say they did not end up losing it all back eventually at some point. The thing with gambling is that being successful is totally based on luck and the mentality of the gambler.

If you do not expect so much from gambling and you end up getting lucky to win big, you will appreciate the winning and quickly walk away to put it into something important like a real business, but how many gamblers actually do that ?

Yeah, as even normal human sense is supposed to know that most of the time, nothing good comes from gambling.
Except one gets lucky and is smart enough to quickly dash away with speed with any huge winning without looking back, a lot of gamblers who even win still end up spending it all back and losing even more.

Human mind is prone to being greedy and the fact that there are some who are seeing gambling as a way to earn or make money, they will always get the worse experience and since we keep getting to see many of them as year goes by, gambling definitely does not have any other characteristics than negativity.

It depends on how each individual is able to scrutinize the airdrop they are getting but in the normal sense, airdrops were not actually meant to come that huge and anyone who is holding should be happy doing so for as long as it makes sense to sell and if it does not, just keep holding. It is a decision he has made based on how airdrop has not been paying in the short term, but I would rather say the problem is that the OP is getting the wrong idea about airdrops.

That is true. Selling those free tokens n decentralized exchanges like etherdelta needs lots of gas prices and the waiting time for confirmation within adding limited gas really kills me. It would be much better to avoid such airdrops instead of going for those faucet like earnings.

I would say you should not expect anything much this year since this would be more like a bear year anyway and the possibility of us experiencing some consolidation after all the weak hands have been displaced is really likely. It is the cryptocurrency space however and nothing is certain, generally for the altcoin market, it may be likely we see a bull run if there is a slight chance that bitcoin gets to consolidate for a while with some little uptrend bounce but for bitcoin, nothing much should be expected.

Yeah, honestly cold storage is just the best way for anyone who is going to be holding long term and for those who may want to do transactions and still have the best security of their funds, then a hardware wallet is the best way to go since all the details are stored on the device and you can easily make your transactions by making use of the hardware wallet anytime you want.

Desktop is still prone to malware, online wallets are centralized, and except for paper wallet which would be determined by how secure a place you can find for it, hardware is just the perfect way to go.

Yes, if you have little money, it would be little in the short term but not in the long term. If you are putting in anything due to the volatility of the market, you should never be greedy about it as that is actually what has made a lot of people to invest what they could not afford to lose and makes them get emotional as they see the market going down.

Sometimes, it also makes a lot of sense when you even have the knowledge of what you are doing, to be able to at least guide you in making good and quality investment or trading decisions.

It is not like long term hold is not good, since it is either you are trading with some good knowledge of how to go about it or you are holding long term and not caring how the market fluctuates in between at all.

Over the years, we have seen how the likes of ETH, LTC and even the king himself, bitcoin has grown hugely, so in this way, it is not a bad thing to hold if you do not have an idea of trading. However, with a good trading knowledge, it even makes it a whole lot more interesting since you will be taking advantage of the ups and downs of the market.