Even though bitcoin is a currency, it can still be treated as an asset because many are buying it as an investment so that in the future, when the price goes up, they can sell it for a profit. There is a possibility for it to increase in price in a short period of time because of its volatility that's why it has the advantage over dollars since it has limited supply so as long as the demand is there, it's price will increase. Dollars would just continue to go down in value because it has unlimited supply since anytime, they can just print additional dollars or any other fiat currency for that matter.


The direction of dollar and bitcoin is opposite because as time flies, bitcoin's value goes up while dollar's value goes down over the years due to inflation. In terms of sending money and opening accounts, it is just easier to create a bitcoin wallet and you don't even need documents to do so while in banks, a lot of documents is needed that's why many people do not have bank accounts because they cannot provide the documents.

A lot of investors who invested last December are frustrated with their situation but then when you have a chance to buy more now to average down then it would be a good chance to accumulate. You can also think of trading and earning a little because it would be accumulated anyway. If you lose, then take it as a lesson and think of a more effective strategy to profit from the market. All of us will start from scratch and only those who would be able to conquer their fears and move on would be successful eventually.

Yes, those experienced traders are earning no matter where the market goes because they have a plan and exactly have a buy and sell price that would help them decide to have a rational mind when trading. They can short the market if they want to and according to some traders, it is easier to short the market because when it falls down, it is fast and takes sometime to go back up.


Well, we are humans so it is just natural for us to be afraid. I am also a bit hesitant now of the market but then seeing the recovery after the dump, there will always be buyers out there willing to push the price higher. It is just a hiccup before the bull run. Knowing that there is anticipated announcement about ETF next month. This should be exciting.

Yes, there is a manipulation but not fully manipulated wherein they are controlling the price all the time or buy and sell all the time. It is just that the ones who are holding the big amount of coins would initiate the movement of price so that the retail investors/ traders would pick up the news that there is something happening with the coin so they would buy or sell their coins and then those big holders would eat those orders.

When the market is bearish, they would push the price lower making the holders worry and panic sell so that they can buy the coins at a cheap price. When they want to sell, they would organized a pump and then later on when the price is high enough, they would dump it to the buyers again and then price would just plunge down but they already have profits since they sold at the top.

Seeing how it drops down below $6k below yesterday and drops like there are no buyers for some time, it is really possible that $5k would be reach sooner or later. But then when we think about the most anticipated news as of the moment which is the Exchange Traded Fund then there may be a possibility for it to shoot up again especially if it is a good news. For now, let's hope for the best because many are getting frustrated of the market and losing their patience.

I would like to ask what's with August 20 why it's unlikely to drop when it has retained its support?

Gold and other precious metals are good investments because they wouldn't be worthless and even if they tagged cryptocurrency as the digital gold, gold would still be superior to it in terms of being known since all people know gold but only a little percentage of people know cryptocurrency currently.


Definitely, shelter is one of the needs of human being and no matter how expensive it is, people would do something about it because it is a need. Real estate is a good investment and if it is land then it would always be going up because we cannot produce land. When it is about buildings and houses then you can rent it out if you have more of it so it is far more safer investment than cryptocurrencies.

Thank you for pointing out the misunderstanding. Knowing that they have an ATM in Saudi Arabia is just an evidence that they do not consider it as illegal. Maybe sooner or later when more Middle East would consider adopting cryptocurrencies like UAE then they would just regulate it then instead of restricting people to have dealings with transactions.


Government would rather choose something that they control which is fiat than having bitcoin as a "certified currency" because they may not benefit from the transactions and as what they say, they are afraid that people will involve themselves in something illegal because of anonymity feature of it.

Same case here. I would just buy coins and then wait for sometime to sell it. I do join some bounty campaigns too to earn much more if I am not doing well with my trades and/or investments especially nowadays when the market is down and people are feeling again the hopelessness in their investments as it continue to plunge.

I am planning though to search for a project wherein I can earn coins by using their platform like a social media platform perhaps wherein I would be paid by posting in it and interacting to people. In this way, I would be using a coin for its actual use case and not just for trading. It would be great to share it to other people too. So far, the coin that I have been using for its actual use case is bitcoin and binance coin.

Yeah, I have seen so many scam in facebook about cloudmining and I am one of those victims by those scam too before when I am just new to cryptocurrency because I am greedy so I learned my lesson. Seeing how people interpret easily bitcoin as scam when they see the news makes me think that they should be taught that it is not what they perceived it to be but when I try to explain to them, they would just have a cold shoulder later on because they are afraid that they might be convince and then be scammed.


Media has a big influence on the sentiment of the people and more often than not, their report about cryptocurrency is negative since they focus more on negative things that's why when they heard someone explaining it to them, they would just conclude immediately that it is scam. Nowadays, I don't explain to people anymore if they wouldn't approach me first.

I am considering selling too but then I think it is too late now because the price is so down compared to how it is few months ago. It is a good buy now but make sure that the coin or token has good fundamentals because many of the coins that are down nowadays would be having a hard time especially those that are not backed by anything like no products or no finish projects yet and then the investors would become impatient waiting for the team and maybe would decide to sell their holdings then.


Yes, getting the right coins is the key to be profitable in the future but the question still remains as to what are the right coins to buy. I would suggest to buy those coins that already has a history of going back up after a bear market because it would mean there is a demand and you are confident that no matter how much it dumps, there are always buyers waiting out there.

Well, people just want to have a way to get some cash in a short amount of time and ICOs are a good way because it is getting hyped. However, because of the scam ICOs, investors are slowly dwindling down in investing in it because many are losing money. The prices are slowly going down upon listing in exchanges and the small investors/retail investors are the ones who are suffering because they cannot sell their coins at a profit.


Bounty hunters may be one of the cause why the price goes down but still you cannot just single out that they are the cause because when the price dump in exchange, the dump is so big that it would just be impossible for the bounty hunters to do it alone.

OP was able to sell half of his holdings last December and I would assume he is already in profit even though there is still remaining half that he is hodling that may seem like pure profit. OP is lucky because he was able to sell at the right time and should be patient enough because market has cycles and even if we are in a bear market, time would come when the market would turn around again and that's the time to claim profits.


If one is selling while in downtrend, it is just alright for me when there is a little percentage of loss but if one is selling when he already lost half or more than half of its value then that is just giving up because of hopelessness. This bear market has teach a lot of people to always secure profits or cut loss because too many coins have lost more than half of its value and some even 99% of it.

Well, we cannot do something about the opinion of your friends and they can only say that because they are not investing or trading in it. They may be right about being cryptocurrency market being too risk but then if you know what you are doing then there is a possibility of reaping high rewards as well. If ever the price of bitcoin goes up, they would approach you again and ask you how they can invest on it.


Millennials are more exposed to online gigs and income opportunities that's why they are more willing to take the risk. Just remember that the richest people in this world nowadays and those who are young are those who are involved in online stuff that those who were born ahead of the millennials may know nothing about because their experience is that you have to work hard physically to get rich.

So far, I have good experience with IDEX because I was able to do my transactions properly and in a fast way as well. They have a warning beforehand when you execute a transaction preventing you from wasting an ETH for gas when you are not successful with it unlike in etherdelta/forkdelta wherein the orderbook is not updated so there is a time when the transaction did not push through but still they deducted a fee in my account. They wouldn't have a warning as well when you transact causing some newbies to lose great amount of money when they input a buy or sell transaction.

For those random games in which you cannot have a strategy on since any result may appear then luck would be the main factor in it since you just cannot count anything unlike in card games. When you play dice, the result maybe anything and even if you may use a martingale strategy in it, there is still a chance of losing big in that kind of game.

Of course in other games wherein you can have an edge like research in sports games and knowing the strong teams then it would not just be a wild guess because you have a basis why you choose that particular team. In this case, a good strategy is an advantage and you can even find maybe an arbitrage so that you know that whatever the result is, you are having profits.

Investors sure are hoping that the price would go up soon. Maybe before, they are happy that the price is down because they would be able to accumulate more but now, it seems that investors are already out of funds to buy more and hoping for an upside. If you want to take advantage of what is happening now then better learn trading and accumulate small profit.


Well, bitcoin always surprise us so maybe it would make a comeback and show every body that he is still the king of cryptocurrency. Although the cause of the plunge is because of the delay of ETF, still it is a delay and there is a chance that it would be approve in which case it would make the price go up then.

They may adopt blockchain technology as it is the in technology nowadays and it would save them a lot of money as well if they would use this kind of technology but then the question would still be if they would have a cryptocurrency for it. They may adopt the backbone of cryptocurrency which is blockchain technology but they have the option not to make a cryptocurrency along with it. There are already many companies who are studying blockchain technology but do not consider making a cryptocurency.


I saw a post of Mark Zuckerberg about blockchain technology but he didn't mention about a cryptocurrency. They many consider adopting the technology but not the cryptocurrency although it would be a big help for them if they would actually launch an ICO because they may able to collect billions from investors like what happen with telegram.

Now, let's look at the positive way, if nearly half have little to no understanding of cryptocurrencies then it would mean that more than half of US adults do understand it which is good right? Compared to people who knew cryptocurrency back then, it's a big progress and even though only 5% of them would consider investing on it, at least there is 5% and I am pretty sure that when the price goes up, others including those who have little to no understanding about crypto would ask someone who knows something about it.

With a lot of choices for bounty hunters comes with a lot of research too if it is worth it to join or not. You should do your due diligence when joining a campaign because even if you are thinking that it is just time anyway that you are wasting if you will not be able to receive the coins but think that time cannot be turn back and if it is money then you can still have ways to get it back. I advice to take a look at the one managing the bounty because the more trusted the manager is, the possibility that it is not a scam that he is managing.


Yes, blockchain technology has a large scope that's why there are many bounties that are appearing every day. Maybe out of the 10 projects that are being launch every day, only one would be able to get through it and be able to fully launch so choose the projects well. It is good for the cryptocurrency community that more projects are being launch because it means that the market is growing.

Too many people have been rekt for this year holding strong to their coins believing that it will moon soon. There's nothing wrong with that but I hope it should be a lesson that you should have risk management always so that you can reduce your losses as early as possible so that later on when the market continues to dump, you have prevented further losses and buy back again when you think the market is already done with the dump.


Well, that's how it is. Many people panic seeing those red candles. Maybe it's just the whales who are shorting the market knowing that some would consider selling it. They are way knowledgeable than the newbies anyway so more or less, they already know what the market sentiment of the people are so that they can act upon it.