Altcoins may have a higher share in the market capitalization but still bitcoin is only one coin versus the thousands of altcoins so bitcoin still dominates the market. If we observe the movement of bitcoin every time it makes a rapid movement whether up or down, altcoins would always be affected because bitcoin is a base coin along with ethereum that's why some traders would exchange their coins for something else may it be Tether or USD because they knew from the history that altcoins tend to react negatively when bitcoin makes rapid movement.


As of the moment, bitcoin still dominates the market but maybe later on when there are more options as base coin then the market will not react that much when bitcoin moves. When bitcoin is in a trading range, that's the time altcoins shine and moon because people shift their attention to it since bitcoin is not making interesting movements.

For the middle class, they paid higher tax rate that those who are rich because those rich people have some tax breaks. Those in the middle class are the ones who are much affected because when they receive their salary, taxes are already deducted so they cannot do something about it while those company owners would find a good financial advisor that would advice them how to reduce their taxes and they can even manipulate their financial statements so that the income would look smaller than what the actual is resulting to a lower tax liability.

I am willing to pay tax but why is it so high? It is just saddening when I have a higher tax liability but I can see that there are no improvements in our place because corrupt government officials are every where. We know that they are corrupt because they pay the voters during election just to get a position. We can do it in a decentralized way so that there would be no one who can take advantage of their position.

Good for you because you do your own analysis but unfortunately, there are many people who thought that crypto is a get rich quick scheme that's why they participate in those groups that give signals and even pay to get them but eventually getting rekt because they just depend on the admin of the group. There may have been some groups that are the exception to this but most of them just take advantage of their members or subscribers to get profit. I have seen some though that show a chart and suggest a buy or sell level but why pay for it when you can see a bunch of it in twitter posting their TAs.


I admit that I was one who joined the signals group before and even paid for it but I learned my lesson because instead of gaining, I am losing always late to buy the coin resulted to being dumped so I just do my own charting now and analyze coins that has potential. The one who are following those signals will only learn their lesson when they lose and experience it themselves.

If we observe the global economy now, we are on a brink of a financial crisis because prices are going up, interest rates are going up, a large bank laid-off thousands of employees and it seems like 2008 again. The reason why bitcoin was created because Satoshi Nakamoto wants to solve the problem in the financial system due to inflation so he created a currency that might be able to solve the crisis so bitcoin was born. The dream of Satoshi may come into fruition because we can see now that it is slowly changing the financial system and we are benefiting from it.

Their funds are reduced because of cryptocurrency that's why they treat it as a competitor. They see that some people are getting interested into it that's why when they track that someone is earning from cryptocurrency or simply depositing to some exchange, they would suspend the account of that person. Sooner or later, when more people started to adapt cryptocurrency, it would just come back to them because people would opt to keep their own money so they would continue to lose more customers and maybe even go bankrupt if they will continue what they are doing.


Cryptocurrencies give us a cost-saving transactions and faster too that's why banks do not want people to get involved with it. Those who are just willing to take the risk may benefit in the future.

You have a good idea OP. With all the bounty campaigns, it is hard to differentiate what campaigns are legit and what is not. I experienced not getting paid too after a few months of promoting their project and we need a solution to this because those scammers would just continue what they are doing since the participants cannot do something about it.

The problem is that if the ICO is already finished and they already collected money and then run away with it, your plan would be useless because more often than not, there would be no real project.

It can lessen the scammers though if there is already a suspicious activity happening during the Pre-ICO or ICO because you can do what you plan to do.

Bitcoin's movement is a trader's paradise because of its volatility. Well at least for those who are already familiar with the market but for those who are new to it, most probably it would be a disaster if they would trade using emotions. We know that cryptocurrency market is heavily manipulated that's why we should start with small amount to be familiarized with it and be able to read the movement of the whales so that we can ride with it.


I don't think its the doing of an average Joe when there are pump and dumps of millions worth of bitcoin in just a single buy or sell. The whales are doing it but for us Average Joe, we cannot do something about it because it is the nature of the market currently. We can just try to think like them so that we can still profit from this market.

Definitely! They should have informed the users ahead of time that they are going to implement such a thing because not every one would want to expose their identity and they may use this information for something else not in the trader or investor's favor. They didn't give a chance to the users to decide whether they wanted to continue to use the exchange or not. I've been trading with Poloniex for sometime but I pulled out all my funds there months ago so maybe that's the reason I didn't receive such an e-mail.

With what happened, I am sure that they will be able to accumulate some coins because not every one would verify especially those that only have small amount left there and this would result for them to seize the funds and maybe use it for their own benefit. I expect some centralized exchanges to do this in the future as well.

The problem with some people is that they just want to earn money immediately because they have seen others earn from it in a short period of time not knowing the experience that they have. I admit that I started trading before without knowing the theories and I watch trading videos but I couldn't understand some terms so I decided to study the basics of trading first. Trading should be a step by step process and it is important to know some background about what you are trading.

You do not necessarily have to stay away from media news but instead make it a reference. Some traders use the news to trade may it be a legit news or just FUD. You have to take into account news because it has a big effect in the price but do not believe immediately what they are saying but instead do your own research about it and trade accordingly.

If you have a trading plan then eventually you will have no problem being patient because you know exactly when to buy and sell if you just religiously follow it but if you don't have one then that would be the problem because you can be persuaded to buy when there is hype and you don't know when to take profit or cut your loss.

Most people will say that they are investing in bitcoin or in other altcoins for the long term and I personally invested in it for the long term too but taking profits from time to time is the smart thing to do because we are not assured of the profits for the years to come. If we are already in profit then take some because you may end up not having profits later on. There is a possibility that bitcoin would be more valuable in the future given that people are so positive about it but as you say, we should exercise prudence and if possible, diversify our investments and not only invest in cryptocurrencies but in other investment vehicles too such as real estate.


You are right. We still need more demand for bitcoin to attract more people to use it. Price at the moment is not attractive and people are not exuberant to invest in it because price is not moving that much. Taking into account the decline from all-time high, people would be attracted to invest when it shows sign of being bullish again. But still, when you are in profit, you should consider taking some of it because there are unexpected happenings that may end up for you being at a loss than being in profit.

I like this part because being investors, you would want to secure your funds and looking at various ICOs now in the market, there are times that they are having a hard time listing in exchanges as it is getting expensive especially in big exchanges like binance. Knowing that their company is already established, there would be many investors who would wait for it to open and may even be sold out in just a minute. There have been ICOs that are sold out in just a minute because investors are flocking. With a back up plan for the delays, this sure would attract more investors.

Not just in crypto markets but in all markets may it be stocks or forex. This is the reason there is a cycle because not all prices can go up or down all the time. There is a constant fight between the bears and the bulls and whoever wins at the moment would dictate what price would it be. When we are in a bear market, it opens the eyes of the people who bought the coins expecting for it to go to moon but then it flops and it would make them realize if they are in it for the long term or they were just convince to buy the coin because someone said so.

You can still profit in a bear market anyway because there are coins that are still strong even if the market is in a bear mode. Besides that, you may be lucky that the coin you bought will be pump but don't hope for it all the time because there are thousands of coins and there is a less chance that your coin would be chosen by those P & D group or whales but instead, study the movement of the market because there are signs that sooner or later, a coin would rise in price like volume getting higher and higher and the movement of the candles has a story.

Well if you think about it, you also invested something in which case it would be your time and effort to a campaign that's why joining bounty campaigns is a form of investment too. You just invested in a different form and others who call themselves the real investors because they give money in the ICO are all the same for me. Others may just hate some bounty hunters because they immediately dump their coins in exchanges upon receiving it so in effect there is a dump in price so you cannot call them investors because the real investors wait for the project to materialize and then wait for the sentiment of the general public regarding the project and judge from there if they want to keep investing on it or just sell their position from it. In my conclusion, there are bounty hunters who are investors and some are not.


Definitely! Bounty hunters did not ask for the tokens for free. They work for it that's why it is just right they should have been paid for the amount promise to them but then the reality hits that some projects just taken for granted the bounty hunters.

Mistakes of some newbies is that they immediately go to battlefield without any weapon. They would immediately buy a coin that is hype and then later on regret because they bought near all time high and they are left with either selling it at a loss or hold on it until such time they would make a profit but it may take weeks or months for them to dispose it so they will be force to sell it at a loss because they don't want to wait that long and then repeat the same mistake again buying a coin that is hype. This will be repeated until such time they learn from their mistakes in which case it would be their greatest teacher.


Starting with a small amount would be an ideal way of trading because while you are learning, you cannot avoid but make some mistakes maybe it would be selling instead of buying or the other way around, sending to the wrong address and other small mistakes so it would be less risky if you start with a small amount so that in case you made these mistakes, you only lose a small amount. You should focus first on your strategy and if you are already comfortable and profitable with it, that's the time you add to your capital.

This is the right way to do it. You should know your priorities because when your main source of income is lost then you will be having a hard time to pay those bills and provide a comfortable life for your family. Cryptocurrency income may be tempting to earn and make it as a main source of income but if your income from it is still not equal or more than your actual income in your regular job then better retain your job and make it a side income until such time you earn higher from it and you can be sure that you can earn it monthly. Good for OP because he is still given a chance to do his job.


Besides that, you are paid during working hours so better do it right and not do extracurricular activities but then if you are done with your job then maybe that's the time you can do something else. As for OP, he stated that he was able to neglect his main job because he is too focused on crypto so he needs time management.

Some banks are considering adopting blockchain technology in their system. I recently saw a news about some loans paid through bitcoin for faster transactions and since they want to take advantage of this too, they would want to create their own cryptocurrency. Although some banks are against the idea of cryptpcurrencies and some even terminated the account of some holders to whom they know is involved in crypto, they just cannot easily get rid of it and the solution they can think of is to create their own cryptocurrency but still a centralized one.

I believe that blockchain technology would be the norm in the future and those who stay in the old system would be left behind and they would eventually shift to blockchain. A blockchain need not be public anyway as there are private blockchain so it would be an advantage to them. It is a big help to track those transactions real time especially for those financial reports wherein one doesn't need to accrue an expense and doesn't need bank reconciliation anymore at the end of the month since transactions are up to date.

If you don't want to be known then online gambling would be preferable because no one can see you doing it especially during the times when your family members or relatives are against it. There is a disadvantage in this setting though because you can just easily access your online account and then transfer some funds in case you are out of funds for gambling and you can be prone to being addicted if no one knows that you are gambling so you have to face the battle yourself.

As for traditional gambling, some people go there because they just want the kind of ambiance they feel when they are in a casino and they can enjoy for themselves. There are also times that the people they wanted to meet are there that's why they are in a casino. If you gamble physically, you can enjoy it more if you are just there to release your stress and forget your problems for some time compared to online gambling but when it comes to anonymity, there would be a possibility that someone would recognize you especially if you have an important position in the society.

Definitely and it will more likely happen given that there are more activities related to cryptocurrencies and blockchain technology every now and then. There are so many seminars and conferences and even the consensus that happened recently in which thousands of people have attended which would mean that cryptocurrency is here to stay. If I may suggest to OP, invest in cryptocurrencies that has proven its value over the years like bitcoin and ethereum because they are here to stay.

Some cryptocurrencies may be worthless after a few years but those coins will stay and if he plans to invest in a cryptocurrency other than those two then it would be better if the coin has a reputable company backing it up. One of the coins that I saw that has a real company is Cybermiles. Your idea is good in investing in cryptocurrency for retirement and I am planning to do this too.

Yes long term trading is also preferable when you are working because you cannot dedicate all your time watching the charts and even if you check the chart after office hours if you are serious in learning it then you can still get an idea of how the market works. If you are also conservative and cannot take the pressure in dealing with the markets every day then long term trading is for you since you don't need to check the charts every day. You may just check the price but not the chart and you will not be stressed which is what happened to day traders especially the beginners.

I want to be a day trader but realized that it is not required to be in the market every day. As what I have learned from someone "Staying out of the market is as much a strategic move as being in it." Much better to wait for the price to reach a level that I am comfortable trading with than to force myself to be in the market and then lose because of being impatient.

Although many people are discouraged with what they are seeing as their portfolio is bloody, this will get better as it always was. Price of bitcoin drop some more and many are expecting a triple bottom which would result then to an uptrend. I can see that many traders are starting to build up their portfolio and starting to buy bitcoin because sooner or later there will be a turn around and you will regret not buying earlier. Market is fearful nowadays that's why its the best time to buy cause coins are cheaper and with the volume decreasing, supply is exhausted and demand or bulls will enter the market soon.


The two scenarios are possible so if you start taking a position, protect it by having a stop loss always so that you can avoid being dumped. Some may even try to make the price go lower to shake out other traders who are holding strong and make them sell resulting to more liquidity for those dumpers so that they can buy cheaper and then load up getting ready for the moon.