My Bitcoin experience in 2019

[Fatunad]

The end of 2017 is indeed the biggest bubble in the history of bitcoin and it's very annoying, so our government has to make rules and policies for bitcoin holders.

The only thing which needs to be addressed regarding Bitcoin (and other cryptocurrencies) would be a ban for pump and dump schemes (like the one existing on the stock market for years by now). But this still would require a KYC for all the wallet owners...

Pump and dump scheme usually takes place with the new coin or a top 50 and below altcoin in the market. I agree that this kind of tactic has to come to an end because these scheme are closely related with fraudulent activity by fooling people to buy the specific coin. I doubt btc has also people behind trying to make a pump and dump scheme.

[1714476488]

1714476488

[Linkkoin]

Pump and dump scheme usually takes place with the new coin or a top 50 and below altcoin in the market. I agree that this kind of tactic has to come to an end because these scheme are closely related with fraudulent activity by fooling people to buy the specific coin. I doubt btc has also people behind trying to make a pump and dump scheme.

P&D have different scales depending on the trading volume and price of the crypto. With smaller coins (or even relatively bigger as with BSV this week) this can be few hundred percents in matters of hours or minutes, but for BTC you need whales initiating the trend to reach effect resulting by 10% price movement in 24 hours.

[BuNga_cute]

My experience with bitcoin in 2019 was not very good, because I passed a few important moments. When bitcoin was at the
lowest price at $ 3,500 I did not buy it. And when bitcoin was priced at $ 13k I was too late to sell it. I admit this is purely
a personal mistake, I hope that in 2020 I will not repeat the same mistake. So my advice is to be more careful in determining
the purchase price, try to buy at the lowest price.

[Polar91]

I have known bitcoin since 2018, many of the altcoins that I get have no meaning because they do not have a market to exchange tokens. hopefully in 2020 bitcoin will return to a time where it was very profitable.

It is mainly because of two things, these altcoins aren't supposed to be created in a purpose of being profitable and useful, second, this altcoins are just merely created to emphasize that the project is innovative but in fact, worthless and with no value. My bitcoin experience in 2019 is quite steady, I haven't loss too much because I'e applied all the learnings I git from the bear market in 2018. Perhaps, my 2020 will surely be more profitable as I continue to hodl and save funds with cryptocurrency.

[bitzizzix]

My experience in 2019 is not special, because I prioritize to make savings throughout 2019 and there are only a few bitcoin sales and even then only in small quantities because of sudden needs and sell according to what I need.
and so far I am more comfortable to make long-term investments in bitcoin and will not sell them in large quantities if the price of bitcoin is not satisfactory enough for me, because I believe that bitcoin will reach the highest price and I will be patient to wait for it.

[suzanne5223]

Got scammed a few times. Learned my lesson well LOL

Excited about 2020 and being a part of history in the making.

I was scammed once either through the crypto MMM Japan scheme and i learned from there on that all ROI investment schemes always end up scamming their users.
With that been said, this year will be a good year for crypto investors but people still need to be more careful when choosing coins.

[Oasisman]

Got scammed a few times. Learned my lesson well LOL

Excited about 2020 and being a part of history in the making.

I was scammed once either through the crypto MMM Japan scheme and i learned from there on that all ROI investment schemes always end up scamming their users.
With that been said, this year will be a good year for crypto investors but people still need to be more careful when choosing coins.

What do you mean about ROI investment? ROI stands for Return of Investment and that's what you get whenever you're investing to a company that legitimately pays. I assume you mean HYIP schemes? Since these kinds of strategy works well with new investors who thinks Bitcoin is a "get rich overnight" investment, and probably put a lot of monetary asset to a token which promised good returns.

[nicolas1979]

My experience in 2019 mostly not good, scam project not listing coin and low volume become my pessimist to keep stay. End of the year many lesson I take and mostly about reach realistic target with safe ways. From this one I try to make myself clear about bitcoin and stay to keep going is better option. I have many garbage coin in my wallet but I respect it as my reward from hard work. Will try harder to find best solution with safety as priority, every activity not always about money sometimes we need involve into serious discussion about technology and future.

[suzanne5223]

Got scammed a few times. Learned my lesson well LOL

Excited about 2020 and being a part of history in the making.

I was scammed once either through the crypto MMM Japan scheme and i learned from there on that all ROI investment schemes always end up scamming their users.
With that been said, this year will be a good year for crypto investors but people still need to be more careful when choosing coins.

What do you mean about ROI investment? ROI stands for Return of Investment and that's what you get whenever you're investing to a company that legitimately pays. I assume you mean HYIP schemes? Since these kinds of strategy works well with new investors who thinks Bitcoin is a "get rich overnight" investment, and probably put a lot of monetary asset to a token which promised good returns.

I certainly mean the "return of investment" (ROI/HYIP) schemes because the crypto scammers use the strategy to scam crypto users and like the saying everything that seems better than expected is definitely bunco because crypto scam is done in various ways but I'm not talking about dividends scheme because those are totally truth.

[Oasisman]

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I certainly mean the "return of investment" (ROI/HYIP) schemes because the crypto scammers use the strategy to scam crypto users and like the saying everything that seems better than expected is definitely bunco because crypto scam is done in various ways but I'm not talking about dividends scheme because those are totally truth.

Well, that sounds clearer. These HYIP schemes never gets old and still running in my country. Infact, they are dragging cryptocurrency's reputation in believing Bitcoin could give them good returns consistently. Although they have been chased down by the authorities, but people are just too stubborn and still joined HYIP schemes secretly.
Anyway, we are going out of topic here, so yeah I'm just sharing some disappointments lol.

[plvbob0070]

When it comes to experience with Bitcoin is quite good because I already invest some of my money on it when the price is around 3000$ - 4000$. Then, I know some of us have experienced different losses on that year but it seems other members also take the opportunity to invest more and it's because of the cheap and dumps price on the price. And, for this year I really want to experience like what other experience of having a bull run then I want to feel what is the feeling of having huge income because of the bull run.