I think a balance between trading and normal life is necessary to ground you and avoid over-trading. Do not trade all the time. Take up a hobby so you save your capital money and don’t waste it by losing. It's all about patience.

@jashbir67 It is a good reason for governments from other countries to get involved. If they do think of that, they will have to look for bitcoin experts too. This is only going to increase the overall popularity of bitcoin making it even more costlier.

@GeorgeJohn I agree with your point. We can not compare bitcoin with fiat currency. Moreover it is also not an easy task to replace fiat with cryptos as the fiat is regulated and controlled by the governments of the respective countries.

Yes, Bitcoin has revolutionized our fiat currency mindset. No one in the 20th century would have thought virtual currency would be there. And the way people are welcoming cryptos I see in no time we would be able to actually use it for buying all of the real physical assets.

I do not think any government will be able to make bitcoin centralized as it is based on block chain technology. That is the prime reason bitcoin will maintain its transparency. 

It seems that you are trying to compose something like a bitcoin anthem LOL

Bitcoins are a virtual crypto currency with no physical existence. A person can store Bitcoin in a secured De-Fi wallet or a blockchain account. Those details must be saved with utmost privacy. Hence, in the case of the death of a person, there are chances, those details get buried forever. That means it will be impossible to recover those coins again. However, the person can decide whether to rely on offspring or siblings to share the details, in case it is required after a death.

A non-government decentralized authority controls Bitcoins, which is the prime reason behind its transparency. Bitcoin is based on blockchain technology, which is one of the most improvised and secured technologies now. Decentralized Finance (De-Fi) provides plenty of advantages to investors and customers by eliminating unnecessary intermediaries and central oversight. It is impossible to ignore such a transparent and secure currency offering so many benefits.

There is no rule or the perfect time to sell your bitcoin. Nobody can stop you from selling your bitcoin as well. It depends on at what price you bought your bitcoin and how much profit you want to make. If you are satisfied with its current price and think you have already made your target profit, go ahead with selling your bitcoin.

My only suggestion would be to learn as much as you can and keep an eye on the cryptocurrency related news daily. Crypto trading is not very difficult but you need to have a great skill of understanding and learning.

To be frank, trading stress is hard to handle. But I personally choose to take a break from long term trading and do scalping so that after making a good profit in one or two trades, I stop and spend the rest of the day by myself. This allows me to unwind and even not get tense about missing any opportunity.

Welcome to the forum. You chose the right way to gain initial knowledge and understanding through forums, but indulge yourself with advanced learning of cryptocurrency through videos, courses, books, articles, and even online journals.

I am not at all saying that mining crypto or entering into this market will not be profitable for your kid, but before taking any such step that may impact his/her entire life, it's better to teach them about it first through videos and books and find out if your kid is even interested in the mining business or not. Because the crypto world requires your time and energy, and if your kid is not willing to give that determination and dedication, then there is no use of wasting your money.

I would say that there are many developing and underdeveloped countries that can’t afford to mine Bitcoin and completely ignore the fiat currency. So, yes, fiat does have its own value and so does Bitcoin, but the comparison between them is very tough.

Stopping Bitcoin would be a stupid move. It's benefiting people in many ways and will benefit them in the near future as well. Yes, the government can impose any indirect control over transactions, but internally, they can’t impose any regulation on Bitcoin.

There are traders and investors who just follow the basic rule that when the price falls, that is the perfect time to buy. Hardly a few traders go to reply and buy crypto after understanding concepts like "Bitcoin Whales". I wish you luck @Wiwo for buying Bitcoin and you will definitely be satisfied with your investment in the coming future.

Definitely, I want it to be legal, so that we will be able to easily buy or sell anything without waiting for a transaction to get authorised and then get released. It will be done directly from the wallet within nanoseconds, and that will add a lot to the development of the country.

Even I believe that Bitcoin will never be regulated, but that the government will put some regulations in the transaction.

It won’t be a surprise to see cryptocurrency as a mode of payment for global currency after El Salvador made Bitcoin legal. This indicates that countries are already accepting cryptocurrency, and giant corporations are planning to make it a mode of payment for easy online transactions.

You can’t rely on one medium to gain information or knowledge before investing your money. I prefer telegram, bloomberg for the latest updates, whitepapers, journals, books on trading or investing, and forums.