You want to try trading as what you said so you don't have an experience yet. I would suggest to read about trading first. What are the factors involved in trading, read about technical analysis, fundamental analysis and market psychology. I know that experience is the best way to learn but you should know as well why the trade is going up or down and understand why the market is in an uptrend or downtrend. You should know market psychology because the one who are trading are people and if you don't understand it then there is a tendency for you to lose more.

I know that it is convenient to just directly ask what are the coins you should trade but those people have reasons why they bought that coin and you should have a reason too and not just directly buy the coin because most of the people are buying it. Most of the time, when you ask other people what to buy, they would suggest a coin that they already bought to push the price higher and you may end up being dump by their coins.

It would be hard for the government to classify bitcoin if it not yet regulated so let us take advantage of the situation and not include it in the income tax. I know that being a citizen, I have an obligation to pay and report whatever income I earned but then I would see other people who are earning as well but not reporting to their earnings especially those that are working online so I am tempted as well not to report my earnings as well. I am still paying tax but in different category but in terms of bitcoin earnings, I am not reporting it as well because of its legal standing of "not yet legal but not banned status".

In my country, bitcoin users are increasing so the government sooner or later may see it as an opportunity to earn more thus implementing rules to the local base platforms and I have no problem with that knowing that what I pay is spend for the benefit of the people.

Trading bitcoin vs Altcoin or fiat would double your money if you know how to trade. At first, it would be hard because you are just learning and getting to know the market but after a while when you understand how it works then you can be profitable. Those profitable traders nowadays I believe have been in a phase where they lose because they can't control their emotions in trading and try many trading strategies as well and lose. From those losses, they learn the strategy and style they are most comfortable with so eventually they develop a trading plan favorable to them.

As for me, I am also a newbie in trading so I am one of those people who still panic sometimes when I see my trade doesn't go where it is supposed to go and I also lose already a significant amount but I still continue because I believe that through experience I will be able to control my emotions and get to know the market more and understand what is happening.

That's right! Just talking about it is not enough to make them be convinced about bitcoin. You need to have some proofs about it and how it should be done so that they can see that you are not just bluffing and what you are saying is true. I would explain it to them and let them see the sites where I earn so that they will have an idea where to go if ever they will be interested to search for it more. Sadly, there are some who would just say that maybe it is just scam and will be gone after few months or years.

I don't really force them to invest on it because I may end up being blamed if ever the price of bitcoin go down. I would just say to look into it because maybe they would be interested to try it.

I have a schedule for each activity to manage it well. In trading, it needs an hour to scan the charts and only need a minute to execute and after that I will just exit the market because I already have a conditional order in place in case the trade doesn't go my way and I just view the charts from time to time. After that I would proceed to do the campaign which may take up to an hour or two depending on how fast I can process the information to write the posts. Since I joined some social media campaigns of some ICOs, I would summarize it in an excel of what are the things that should be done for the day like reporting your posts or sharing it in social media sites.

Yes many of us have regrets not being able to get in bitcoin early but we still have a chance to earn in bitcoin because we are already in it. We are even lucky that we know it before every body knows and we have the opportunity to accumulate more of it. I have many regrets in the past like trading without even studying how the market works and end up in losses. I have regret in investing in HYIP sites that end up being scammed and what I invested before would have been very valuable now. What I can do now is to move forward and continue learning and earning and make those mistakes as learning ground to do better in the future.

I tried both exchanges and I am more comfortable trading in poloniex because I can see all the things I needed to see in just one screen like the coins beside the chart and below are the bid and ask price whereas in Bittrex, the list of coins is separated which is on the main page and then I have to click the coin to view the chart and then the bid and ask price. I have no problem with Poloniex but because of the recent issues, I am afraid I would not be able to withdraw my funds so I decided to transfer to Bittrex and so far, I have no problems with it and there are more coins to choose from.

I think what you mean is why some people are selfish rather than scam. I know that some people don't share their money to other people even if they know they have extra money and can give it to those who are in need because they prefer not to thinking that those people doesn't deserve his money. They are thinking that they work hard for it so why give it to other people when he is the one who deserve it to spend it for himself or for his family or for his pets perhaps as your example.

Some people are just tired of always giving because they see that before when they are still giving something, the one who is given just spend it carelessly and end up asking for more. They should start looking for ways to earn because if they just always ask for something and end up no one will give them then they would surely have nothing to eat at the end of the day. Learn to fish and not always ask for it.

If you compare saving your money in banks and saving it in bitcoin then there is a huge difference. Savings in bitcoin can have a nice return especially if you save it for the long time because you may already have multiply your money many times whereas when you save your money in bank then your money would have lesser value because of inflation and tax as well that is charge against your interest. I consider saving bitcoin as long as it is profitable because there are so many people who are positive about the price going up and because it is not yet in mass adoption, there is still a room for it to increase much higher because also of the limited supply and strong demand.

There are times when I need to cash out because of some unavoidable expenses but most of the time I would just save my bitcoin earnings as investment for it to grow in value and still accumulating as much as I can because there is still a lot of opportunities especially in this forum with signature and bounty campaigns.

The ones that are benefiting from what is happening nowadays with ICOs here and there and airdrops of coins that doesn't even have roadmaps and whitepapers are the traders. The traders would take advantage of the situation to have more coins and would still end up exchanging it to bitcoin so bitcoin is still the coin that people would choose over others because of its demand and price. The government see this as a threat to the financial system that's why they are trying to regulate it and even consider creating another cryptocurrency that they have control of so that they can still have control of the people which they may lose if the trend of decentralized currency continues.

I choose bitcoin because it is more famous than ethereum and many businesses adopt bitcoin as their payment option while ethereum has a different purpose regrading smart contracts. There is more demand to bitcoin than ethereum that's why my investment is in bitcoin. Many people still does not know cryptocurrency in general but knows bitcoin and sometimes when they hear certain coin that is not bitcoin, they would still refer to it as bitcoin. It is already a household name for the people who knows about digital currency. Ethereum may become valuable in the future but still my money is on bitcoin because more and more developments are happening involving bitcoin.

Another good news for bitcoin. Few weeks ago, bitcoin is accepted as a payment of tax, a payment for an apartment, a house and other things and now tuition fee. Bitcoin is really becoming mainstream but still it needs a little push. There are still so many people who do not know about it because of various reasons and for us bitcoin enthusiasts should do our share in continuing to share the information to other people. We don't need to convince them to invest on it but just inform them that a certain currency exist and it might be an important part in the future.

Given the situation, the fiat would be useless because we are only using digital currency. Those fiat money will just be paper with no value. You can keep them as souvenirs but you can't use it to transact anymore just like when new version of bank notes are released, the obsolete ones would be worthless and this will happen also if we totally shift to digital currencies which is unlikely to happen. People would have a hard time transitioning totally to digital currencies due to a lot of factors like lack of tools needed and there would be difficulty in accessing the coins due to limited internet connection.

You need to study the basics first in trading like reading up about the important tools or things needed in trading. You have to understand technical and fundamental analysis. Market psychology is also important because in this part it can make or break the trader. When I am still starting to trade, I have problems controlling my emotions that whenever the price doesn't go my way, I would panic and would think of selling not knowing that later on, it is just a correction so the price would bounce and go back up. You have to understand the terms like bull or bear market, consolidation, trends and other important terminologies that you will understand when you read up about it. I can recommend babypips.com for understanding it. You should have a trading plan always before you enter the market.

As for trading with small amount, you can start with one or two coins that you know what their purpose is which is the fundamentals and then look at the charts if what the current of the market is. You can try buying at the dip but don't use all your funds at once. You can divide it to four and slowly buy so that you can average down in case the price go down. After you bought, you can set up a target price or you can use trailing stop loss to secure your profits.

Cryptocurrency trading is so volatile and decentralized that no regulations are applied to it that's why traders can do what they wanted. Pump and dump always happen in crypto trading because of the low volume of coins that those traders who hold large amount of coins can make the market move. Those traders that hold large volumes of coin are called whales and sometimes when they buy a coin, it would make the price shoot up which is a pump and they may continuously do this to attract other traders to buy also because the price is rising and they will create FOMO of it like releasing a news or updates that would make others buy the coin and then later on when it hit their target price, they would slowly sell their coins already in profit and in effect would make the price go down or being dump.

You have to let your siblings know the importance of it. Maybe they don't care about it because they don't understand but if you explain to them properly then maybe they can be convince to learn it because all your coins then would be gone if no one would be able to access it after your death. I have known some who have several copies of private key that he give to his trusted friend, other to his lawyer and the other copy to his siblings. You can have a legal agreement about it so that you can protect your funds since we all have no idea of what the future will be.

Though Japan may have already accept it as a currency still JPY is still their national or official currency. I agree with you that no country will make it as their official/national currency because there is already an existing one which is fiat and it would be hard to exclusively use bitcoin as a currency because many people would have difficulty in accessing it because of the lack of tools needed. Those old people who doesn't even use a computer which has been existing for a long time already would have difficulty especially and those that have no gadgets as well would be struggling in accessing it. Bitcoin would be recognize as a digital currency thus making it as payment option but it would not be able to totally eliminate fiat.

Being the new technology, it should be recommended to include blockchain technology in the courses or at least it should be one of the subjects because I believe that blockchain technology is an important development that would have a significant part in the future usage of technology. We have seen many innovations nowadays and blockchain is one of them. It has already been use in various fields like payment option, smart contracts, health and fitness, marketing, banking and other businesses. There is a need for the people to know this technology because it is the future though many are still doubtful about it, sooner or later they will realize the importance of it.

Bitcoin being decentralized make them lose control so they will always find a way to get back that control of the people. They have been continuously studying blockchain technology to compete to the existing digital currencies and later on would make their own version of it and would insist to people that it should be the one use because it is the legal one. They would make their own version which is the legal one and make bitcoin and other digital currencies already in circulation illegal so that people would avert their attention to their own version. This would not be good on our part being enthusiast already but maybe in the impending war, I might just give in because I want to follow the law.

When I first tried to trade, I cannot sleep also because I am always thinking what if the price go down and during that time, I would just jump from one coin to another without a trading plan. I would follow what others are buying and most of the time, I am at a loss because I am impatient and sell the coin because its going down and would end up going up later on. I hate myself for being impatient. I am always thinking of getting a profit and the things I would be able to buy if I can have huge profits but I never have a stop loss or trailing stop loss to secure profits set up so more often than not, I would end up selling it at a loss because I am still hoping that it will go up.

I am fed up with all my losses that I almost broke my laptop but realized that if others can do it why can't I? The mistake I made is that I immediately jump in to trade without even thinking of reading up about trading cryptocurrencies. Now, I am learning continuously fundamental analysis, technical analysis, risk management and market psychology and the importance of a trading plan.