Most are pump and dump (buy the rumour sell the news) meaning Some have great ideas but are not even functioning. You can make a huge amount of money or you can sit bagholding, that being said certain coins like groestlcoin etc have a lot of volatility which can be very profitable if you step in and out at the right time.
Also stellar lumens is more a protocol to build Dapps on I dont understand why they compare it to bitcoin while its similar to ethereum.
The one I told you guys about. Bismuth. The one I mine. Someone bought about $250,000 worth today. Sending the value up to $1.77 a coin. 
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Respectfully, I feel as though this very much a mantra of crypto supporters:
"The question is do you want to give the Banks control over Your money or do
You rather have a transparant system where there is
No need for a middle man in a system that is
Based on a true deflationary coin."
In some ways it does the opposite of draw me in.
The Venezuelan economy is screwed because of corruption and shortsighted leadership. That is definitely NOT every country.
I mean each to their own. But i guess the question is how likely are banks to collapse worldwide? How likely is the USD to be truly made redundant. At the moment BTC valuation is determined by the USD. What determines the value of BTC if the USD crashes? How much is a loaf of bread in BTC if most of the population doesn’t own a single crypto? Wouldn’t a bartering economy be more likely than the use of BTC as a currency (or comodity which is what it currently is)?
Further, at what point will people stop hoarding BTC for growth and use it as the currency which was its original intention.
Additionally, who will lend me money if I want a house? A system characterized by decentralization and deregulation? That would scare me as it would feel a bit loan shark’ish and unpredictable.
Despite fees…i actually like the middle man. They provide assistance and accountability.
Once again, not trying to dissuade you. And I don’t expect/demand you to have the answers 
As I said, some will make enough to retire faster than you can say “its a bubble” 
and I honestly hope you make it big $$ as well.
I acknowledge this is a Pokemon TCG forum and not a crypto forum - in saying that I feel as though a fair number of members enjoy plodding through this new world at the moment.
I don’t write this to tear BTC and cryptos down. I write this because these are questions I, friends and family all ask and can’t answer. And that is a big factor that would prevent the expansion of BTC and cryptos into the average family.
Once again, anyone feel free to criticize or correct
Oh and congrats on being right about NEO
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Hey first of all I like to say that I am glad you ask me this kind of questions; to talk About the ideology of bitcoin: Venezuela or anywhere almost in the World basicly, Some governments take it too far and then things beyond their control happen.
So yes, corruption,governments and Banks go hand in hand.
I Also dont say everything has to be settled through bitcoin or blockchain ( blockchain is unregulated in a sense That iT cant be Tampered With But still provides full transparancy;isnt this what a middelman should idealy be), Its only a logical next step in the evolutions of technology. Next to That I believe there is also a change of mentality and that the People Question the current financial system and the modus operandi of the banks and governments ( housing market bubble and all the consequences a decade ago;how does the government bail out huge Banks each time and barely feel the reprecussions of that?- how was the government able to save them ? these are important questions you Should consider asking…these problems dont go away they are only delayed). I dont say Banks have to die, they just have to adapt, they have to be more transparant and closer to the people and i believe blockchain could be that link ( I know this sounds weird But transparency creates trust)
And I dont say bitcoin is the solution per se I just think bitcoin represents the current generation of People who want to show the Banks that they dont have full control and that they better consider them aswell and not try to push em off a cliff to stay in power.
Also completely irrelevant to what I wrote Before here But even if crypto or bitcoin is in a bubble or Will be in a bubble in the future: Many coins Will not survive, maybe not even bitcoin But the ones That emerge after the bubble Will be the Googles and Amazons of the “financial”internet.
What is this new currency coming if you don’t mind me asking. I invested $20 into bitcoin last month and through buying and selling I am sitting at $177 worth of Litecoin as of this post.
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It’s funny to see everyone over on reddit all “HODL”, “buy the dips”, MEMEing every new $1k increment and waiting for the dip to buy moar then when it actually dips 20-30% they lose their shit and claim it is manipulation and greed causing it to go down… No it was manipulation and more largely greed that got it to ~$19k so fast in the first place. I guarantee a lot of the people in at averages of $15k+ will be selling shortly. Don’t be surprised to see a 50-80% correction from whatever our peak ends up being for this run. If $19k was the peak that could put us in the range of $3,800-$9,500.
I think the bitcoin drop was because of the bcash pump that happened, it looks to me like a lot of the whales that support bcash sold out of their bitcoin and bought into bcash when it was listed on coinbase to pump it. Didn’t really work though bcash dropped down close to where it was and bitcoin dipped cause of the sell off … it’ll be interesting to see what happens over the next few days but I think bitcoin might rally past 20k and continue along the parabolic trend. Who knows though
It was more than just a BTC drop though. It is across the board. coinmarketcap.com/
Definitely agree it will be interesting going forward though as it has been all year.
Yes, this overall market dip is similar to June’s big drop due to news of the split, all-around pumping/dumping (look at your altcoins), etc, but compound it with the holidays/end of quarter/tax year accounting for corporations that have stakes in the crypto business. But I think the market today will recover faster than June, which took about 2 months. More and more people around me are jumping in, which means the early mainstream adopters are bringing their money in. I see a couple of big jumps in 2018 with regards to broader adoption of crypto: the current one we are beginning to see is the early mainstream adopters; next we will see the mainstream, I think towards mid-2018; finally, we will have the late mainstream adopters. So price will be climbing drastically in the early 2 stages, as those will be some of the biggest money. So I am pretty bullish till mid- to late-2018. Again, this is barring any other crazy announcements and fundamental disruptions that will have a butterfly effect on the overall health of the crypto ecosystem. So yes, high risk still, BUT damn high rewards.
I only started to get into this in 2017, but damn, what a year it has been. As I’ve made some healthy ROI, I would transfer my risk and crypto money into collectables, and Pokémon is one of them. Luckily, Pokémon has also seen some good ROI this year, so 2017 has been phenomenal.
I primarily see Bitcoin and all altcoins in the near future to function primarily as the alternative to gold, because the price fluctuation and lack of established protocol for valuation and exchange makes it impossible to compete with fiat money, despite the shortcomings.
So, looking at the overall world gold reserve, which stands at around $7 trillion, I personally believe that Crypto has the ability to match that total in the coming years. With the market cap of Crypto at just around 0.6 trillion, we should be seeing another 10x rise in prices for BTC. How long will this take? I think it will be only a few years because the rate of change now is greater than any time in history, especially with digital adaptations. I am willing to bet my money on BTC worth in the neighborhood of 100k-300k eventually.
@yz2428 I agree I am bullish in the long term but I would not be surprised if it takes longer than that and if this drop today ends up being more significant (though they are starting to gain back parts of the losses already).
I have had so many family and friends reach out to me with my thoughts on the whole thing. I always mention that I got in very cheap with very little money as I knew it was high risk from the start and did not expect this drastic of gains this quickly. That said I tell everyone that long term I am bullish but it will be an extremely bumpy road along the way. Don’t invest any amount that you aren’t able to potentially see 50-90% losses on the quoted prices. Don’t ever put yourself in over your head and force yourself into a must sell situation. The same can be said about Pokemon, though I think the dips will never be nearly as drastic (though the rises this year haven’t been as big either).
I am building my own miners and helping many others build as well. I think it is an insanely low risk way to dabble in the crypto world. If all goes to hell you at least have usable computer equipment and if you sell as you mine you should surely be able to hit breakeven in under a year. It is very fun and interesting too. You can drop only a few grand and be up and running with a system generating hundreds a month in revenue. Nowhere else can I have such high hands off returns.
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Yeah, I am also considering the possibility of being a miner myself. A few of my co-workers were thinking of lending their computers/processing powers to mining operations and making a dividend that way, instead of purchasing their equipment outright to test the waters. I’ve read some stuff on this, but I would need to research more into all this and run some calculations. I’m not super savvy with the technical know-how, even though many say it is quite a simple setup.
Yes, I am watching the rebound closely…I think many are too…
I believe crypto has more going on than gold and is more than merely a store of value. So i believe its valuation Will be higher much higher than gold… its a better version of the internet essentially and a logical upgrade to what we got now. If you think of what iT can bring in the future, and which coins can delivrr you are in for a life changing opportunity! Like everything you have to do your research and never Use money you cant afford to lose But its Well worth iT! Everyone who pmed me about Icx: I almost doubled my BTC value during this correction by holding 100% ICX(by no means im advertising or shilling, i just believe its a massively underestimated coin just like raiden)
Is it expensive to build your own miner?
No
Did anyone pick up ICX? People who got in at Ico stage are looking at 100x gains and the big News isnt even out yet. Cryptocurrency is really ridiculous atm…
I’ve been holding since $2. Very volatile coin until recently, been hard not to dump it but I’m glad I haven’t. The mainnet doesn’t launch until the 24th however South Korea is implementing a law that bans anonymous crypto trading the day prior so I’m very curious to see what happens with Icon, as it is “the” Korean crypto for those who aren’t aware. I’m not sure I fully trust where its headed but I know its going to keep making money for those that hold it for the time being.