Litecoin was created as an alternative for Bitcoin, but it doesn't seem to be owning up to that. It's faster than Bitcoin when it comes to transactions, but despite that, people still prefer to make use of bitcoin and Ethereum when they are making transactions. I don't know for you guys, but Bitcoin and Ethereum have been at the top for people in this community, mostly Bitcoin and I hardly see people that make use of Ethereum not to talk of any other altcoin.

Litecoin is still good, it is true that nothing much been happening for it, but it's the third most popular coin on Coinbase which shows that people still have hope in it. I believe people will keep on investing with litecoin as well for diversification reason at least. So, litecoin will stay with us forever for sure.

Even the simplest thing that bitcoin didn't lose too much value during this period and even gained a bit means that bitcoin is awesome against any world issues. This pandemic was a global thing, and we are talking about a level where everyone stayed at home and companies didn't worked and so forth, even with all of that bitcoin stood its ground.

Not gonna lie it dropped a bit for a while, the price bottomed at around $3.6k for a quick moment but was around 5-6-7 thousand dollars for a long period like a month or so, but look at us now, we broke over $10k just the other day. So at the end of the day bitcoin is protection for your wealth, it is not protection for your "money" because money changes, but it is protection for the "wealth", whatever you were capable of doing back in the day, you will be able to do after years even if inflation and other stuff happens.

It's quite possible to live without bank account, you can do it if you want, but I don't think that is something I would like to do.
There are people out there who are doing it, yes I have seen people who don't have a bank account and they are still living their lives and it's working for them.

As for me, I'm trying to say that it might not work for me because there are things that I would be needing my bank account for and without my bank account I won't be able to do all that. If you're looking for a job, lots of companies will not offer you a job if you don't have a bank account. Although cryptocurrency is starting to change things, when a lot of people start accepting cryptocurrency it will be much possible to live without bank.

I too believe altcoin analysis and its speculation does not belong to this board. Do you have any specific problems in accessing altcoin speculation sub? It is always a good practice to post according to the boards which help right people to find your researches at right times and with less searches.

Instead of posting same image again and again on different boards, it would be much better practice to go for quoting them wherever needed. This way you will never breach any of forum rules. I am not sure about rules on posting same image on multiple places.

This is one of the most important topics in arguments over how to save your life. Now if you do risk the amount of money you can risk of losing, you are going to only trade with small amounts that will not change your life. Bitcoin will not suddenly make 10000x profit to you, neither will any of the altcoins, there is no way you can get in with 100 dollars and suddenly become a millionaire.

But what we can do is actually risk the whole amount, the amount we can't risk to lose normally, and even use leverage on it as well, be as risky as possible and basically risk going out of business, becoming bankrupt, having huge debt. But if we are right, if we do this one time correctly, we could actually change our whole life and never have to worry about money ever again. So do you risk everything for having much better everything?

Best case has always been trust, if you do not trust an exchange you are not going to use it, that is number one in everyone's eyes. Hell there are people who do not trust or like binance because of CZ and how he handled few issues, which means even if binance is the biggest exchange out there in volume or liquidity they are not going to use it, they are just going to find an alternative, that is why there is a market for many exchanges.

If everyone here is right and volume is the only important thing, people all would have gone to binance and there wouldn't be any alternatives, but there are many, why? Because people trust them more. And also availability, there are exchanges that list some smaller coins that gets attention, that is how they stay alive and continue to operate.

Yes, traders may go for relaxing their own predetermined restrictions when they are getting greedy. Your risk management will become void if you're not good in emotional control. A professional trader has become groomed up to that height only because of they are strictly following all their predetermined plans and regulations. When you keep on relaxing your own rules then the chances of becoming professional trader will be getting minimized.

There are a lot of possibilities for getting failed emotionally while trading but we can avoid all such failures through our experience. It means when you are gaining experience on trading then you can become good in your risk management plans. It is a long-term process so we must have patience in learning all the required things.

I have also done these mistake many times in my trading but I am slowly working on not repeating the same mistakes again and again and that could be the reason why I am slowly starting to see some differences in a profit levels. Yes, when we are conscious enough about not repeating the mistake then there will not be any big problem in becoming professional trader on day or other.

Only those people who are not willing to take time to analyse on why they have committed a mistake and what are the root cause for that mistake, may consistently repeating the same mistake. Those kind of traders surely will lose all their capital and may go for getting loan for re-starting their trading. I mean if we are not working on NOT-REPEATING a mistake then there will be no sense to continue in trading.

I will do both when I will be having both time and money. Donating to needy people through a reputed platform is always a good thing in my opinion and I have done that many times. So, I will not hesitate for repeating one or more times. I just pray to God to bless me with all the capabilities to keep on engaging myself in such noble activities.

In my country, we do usually value such donating habits always hence there will be no wonder for me to be behaving like that. I planned for some big money to be donated around this current pandemic and so far I have achieved 20% of my dream and I already working hard to fulfill the remaining parts as well.

I have been watching NBA for over 20 years now, if I learned anything that is regular season means nothing when you go to playoffs. And I am not even talking about worth a little, I am talking about not worthing a damn dime in playoffs. You want the biggest example? Golden State Warriors finished a season with 73-9 and broke the record for the most wins in a season.

Best historical season from any team ever in history of NBA. You know what happened, Cavs beat them in game 7. A team of Lebron, Kyrie, Kevin Love and bunch of scraps beat the 73-9 team on finals. There are thousands of examples, but this one is the most obvious one ever. At the end of the day I am not ruling out an 8th seed winning NBA championship, until the last buzzer any team has chance to win against any team.

I have seen there had been lots of projects tried to prove themselves as an asset backed cryptos but none of them survived till date. I guess 1gram was a project which stated like they were backed by gold but this community simply ignored them and for long duration I have not heard anything from them; probably might have got abandoned. Do you really think it will be easier or possible to make a new crypto be used by more people suddenly?

We do not need a coin which is going to solve the economic problem as that is not common across this globe which is having lots of different countries. What we do need is high value for bitcoins which will definitely help me to fight against the current slow economic situation in my country.

I agree that no one should be responsible for dumps of a coin/token but only the devs. Yes, they must have use-case based project which will definitely have value regardless of how hard dumps do happen on them. Only the project which are not focusing on developing a real-world application related thing, will get dumped when their bounty hunters are reward. I guess it is not right to stop the bounty hunters from dumping. Because, it is their earning hence they have all the right to do whatever they want.

Moreover, bounty hunters will save the rewards if they believe into the development of that project. When the devs do fail in gaining confident among their own bounty program participants how they will convince other common people to invest with then or adopt their project.

As per lots of people's opinion and experience, I think nothing will be helping them to figure out scams. I mean reading White-Paper nor checking team nor anything related to this will not be helping them in filtering scams from good projects. Because, these are the few methods we may  follow only to identify the planned scams but definitely not the projects  which are accidentally turning scams.

There are multiple reasons for bounty scams to happen like devs are not interested in developing project anymore or lazy devs who are taking longer time than planned time for developing the project. In these case we do not have any other option except risking our efforts in such bounty programs. So it would be much better to completely avoid bounties time being by focusing into any other freelancing income streams.

But I doubt that China will get something out of this, I feel like it could be opposite. But more importantly, I feel like nations finally are turning inside and making investments to themselves nowadays. Why? Because the planes are rarely flying, supplies are rarely coming in, which is why I think every nation realized that they need to have at least some stuff they build themselves to survive.

The things that are needed very much to stay alive, like food and goods that you buy during lockdown should not be imported from other nations. China is the biggest manufacturer in the world, with nations going more inwards it could hurt them the most but this would eventually hurt all export/import business in the world I am afraid. That is not something we could sustain for too long without a crisis yet again.

From the experience what I have learned from the 2008 recession, I guess bitcoin will become more attractive like gold if there is a recession kicks in. Before analyzing about how bitcoin will perform, it would be much better to understand what is the recession and what are its consequence on our day-to-day life. Recession is nothing but economic slowdown which means corporate will not get enough orders and they will go for layoff which will end up in more unemployment. When people are jobless, their buying capacity will be low which will again induce more economic slowdown.

So, stock market may not perform well which will enforce investors to go for other opportunities which means they may look for bitcoin and gold. It means money in-flow will switch over from stocks and government bonds to alternate investments like bitcoins. So, bitcoin may have big value but we may need to pay higher rates for our daily needs. Because usually recession will end up in costlier food and services.

For any platform to offer that kind of service, it would require a lot of legal work and it might be difficult for them to handle. They will have to calculate the stocks worth in dollars and then also calculate in Bitcoin. So, my advice would be to just focus on one; if you want to be investing in cryptocurrency, then you should be focusing on that and if you like stocks, then focus on that.

Moreover I don’t see anything wrong with buying stocks with fiat, I do that all the time I invest in gold. My cryptocurrency stays as cryptocurrency and I don’t bother myself in this kind of situation. Buying stocks using bitcoin does not sound right for me. Because, you are spending a high yield investment for the sake of another investment which may not match with bitcoins in terms of ROI.

Yes, no one knows when the virus will stop spreading. A lot of people thought that it would have been over by now, but despite the lockdown everywhere the virus still continue to spread. Now people can’t continue with the lockdown and the government has no other option than to ease the lockdown and let people go back to doing their business, with a little bit of restrictions.

I’m really happy about Bitcoin, the pandemic was not able to hold it down. After it decreased it didn’t take long before it started to increase in price again. The price has already gotten to $9,500+ today and might be heading to $10,000 very soon as per all of our speculation. I do not know some people still call this a bear market even the virus chaos are not settled down.

Yeah, stable price is more likely scenario right now. When the price goes to 8.8k and goes up to 9.5k people think that it is a bull run but that short of an increase is not really a bull run, it is just a short spike that doesn't really mean anything. The "stable price" understanding of some people is 100 dollars up or down, that is not stable, that is stagnant, stable is more like 500 dollars up or down movements.

Still not 2k or something, it is still not HUGE changes, it is still a decent 500 dollars though, not 50 bucks. So between 8.9k and 9.4k which we will see plenty of in the near future, it is going to move up and down and be stable. Will it go down after that or will it go up after that? I don't really know, and I hope we will figure it out in the end that it will go up, that would be much better for us investors.

It has tried to move beyond the $10k price today, it failed but that shows a good sign. Do you know why? Because, in order to pass some prices you have to first try them, try to make them go higher and higher and if they fail they just fail but when they come back they have less to work on, less wall, smaller amount of sellers, less bitcoins to buy to go beyond.

This is why whenever price tries to go above a certain limit but fails, I find it amusing, because that "failin" meant to me that it will try once again and this time it is going to be simpler, hopefully going even beyond. If anyone wants to buy bitcoin, right now is the best time and put up 10% profit and put a sell order there, you are going to regret not doing it because when the price breaks over $9.6k levels, it is going to breakthrough and be over $10k as well, which means close to 10% profit to all holders.

They could create their own digital currencies? Or they could even create their own centralized exchanges. Think about it, having a website like binance but that is run by USA government for example. You are capable of buying, selling many altcoins and you could do that with sending money from your bank account to that exchange and start trading however you want and when you want to withdraw you do it to your bank account there.

It is basically coinbase+binance combined with the trust of american government which would be awesome. They could however control the price of bitcoin that way, with all the money they make from trading fee's they would own most of it eventually and could ruin the price whenever they want or increase it whenever they want to manipulate for having more of it themselves.