Couldn't disagree more. XBT's market cap is currently at $42 Billion USD, and has always suffered from huge mood swings and volatility. A bear spike is nothing to be worried about and the price will rebound no doubt .
Bitcoin is not a company, so would never follow companies like 'Myspace' or 'Hi5' in to oblivion.
As the price of XBT increases, while many people might not be able to hold an entire bitcoin, the coin itself is fractional to 100 million units, or Satoshis and the idea is that people can afford any amount of Bitcoin to suit their budget.
90% of the world is connected to the internet and most under-developed nations have better internet access than in countries like the UK.
What are your thoughts on onecoin? Many say its a scam.
OneCoin is a complete MLM scam. They were telling people the value of their "Coin" in their PR rubbish before launch. The market dictates price, not some swindling, life savings stealing ass hats.
I agree and you have confirmed my beliefs.
How about USI-Tech mining and trading platform... They offer average 1% return on daily for the capital invested. Sound like a scam or genuine?
The problem with programs like USI and Gladiacoin, is that they rely on daily fresh income from new subscribers to their programs to pay out existing members.
Many call them ponzi scams or whatever, but they do work if you join early, but the have a tendency to collapse before anyone makes real money or their ROI back.
Sure, some people make a fortune, but it will always end in tears.
Coin wise, I would recommend sticking to coins that are on coinmarketcap.com if you are looking to trade or invest, and if you are looking for an affiliate program or matrix to join, find one with a solid system, a REAL product that someone is getting for joining and a decent commission payout.
Need to do my homework... i did join USI - Tech the guy who got me in... i saw his account his making 5k a week, with 2200 people under his team... im making £7.50 a week which is a joke compared to his income. His boss is on £100k a month ridiculous amount... i got excited but you are right only works until it crashes and no more people are joining.
Anything youd recommend?
I build matrix programs with my team that have real products and payout in Bitcoin, but I have seen a trading education program with a good commission payout called icoinpro, I am not in it myself, but have heard good things about it.
There are so many programmes. Cant keep up with it.
I recommend avoiding ponzi schemes. It is much more profitable to invest in coins by simply buying them and waiting for the price to rise. The trick is to pick one that doesn't totally suck. I would just recommend the coins I have, but short term gains are not gauranteed. However, long term is nearly impossible to lose money, unless you pick a really bad coin like litedoge or something. But who knows, anything has the potential to be the next big thing.
What coins do you have? Is it those general main ones?