As an investor in cryptocurrency, and yes, feeling the roller coaster volatility in the gut, this answers the question of whether there may be protection for investors.
Click link below from Fox news.
http://video.foxbusiness.com/v/5693851156001/
Apparently, there are many cases in federal court suing to get their bitcoin back and "200 million" win in Florida ruling.
I am interested in listening to your comments @senseicat
The type of currency that is awarded in a lawsuit is important. If someone bought 10 bitcoins at $1000 each and it took many months to for the courts to make a ruling, that $10,000 investment could be worth hundreds of thousands.
sound of lawyers rubbing their hands together...
Thanks for sharing ...Resteemed
I appreciate the resteem, many thanks!
Bitcoin or any other cryptocurrency, it's a rollercoaster, I've seen economists talk over and over again about the same thing, its volatility and way of protecting it, but when you've seen these since the bitcoin was $ 1ky, it's now in $ 16k, it seems like something as simple as keep calm and wait for it to go up.
But if you want an opinion, I've read a lot that the best way to protect your investment is to leave it to a bot trader, and if you think about it, many small investors lose their money out of fear or the pressure of not losing money (which is ironic ).
And it seems logical to me, a bot is cold and has no fear, it does not use its emotions to make a decision, it uses real data and economic strategies. to increase profits.
Lending out bitcoin and collecting daily interest is another diversification strategy.
Yes it is correct, bitconnect is a good example of that
update: Diversifying the portfolio is a good strategy, either in lending platforms or new icos, even in other consolidated cryptocurrencies, such as eth, litecoin, SBD, IOTA (I like this a lot and I see the future) by mentioning some
Diversification is crucial in all investments, particularly spectulative ones. The block chain technology is undeniably a huge technological advancement that can benefit all areas of life including finance, healthcare, and education.
It is true the blockchain technology has great potential for many areas, I mentioned the bots trader, from i what see, seem to be a natural evolution, when the portfolio is very large :)
What’s a good bot trader to get hooked up with?
Sometimes losing is the best teacher of life. Blindly trusting outsiders with your money is a 50/50 as well, whether people want to accept this fact or not.
The richest people know money, and can read the spreadsheet well enough to know every penny earned and how it's spent.
Peace.
well senceicat the opinion on blockchains and crypto currency and also the trading all the way i think this time is very well for traders even every coins bcz the up down in these days giving the more more profit in these days
bitcoin reaches up to 40000 in next some moths
Thanks for post my friend !
nice man dollar will not going to eqaul btc in any conditon now and in this video they saying
invest bitcoin currently has high risk, we see the market price up and down, and lately very cheapen than ever. if you want in refund investment, I think rather complicated. in because of no one can guarantee what price bitcoin in the few days ago.
@senseicat
thanks for post :)
Bitcoin...is the way to money earn uaing steemit thanks for sharing these kind of post dear
hmmm bothes talk in this video on bitcoin and currency is some informative senseicat
@senseicat I think btc is hudge investment fir our life...we always try collect some btc for my future...I'm realy think and trust btc can archive 50000$ mark...
Thanks for sharing.. :)
Thanks for post..
Some will lose some while they win ... :) ALWAYS WIN THE CASHIERS :)
The cryptosphere equals the wild west so there's no protection out there for anyone yet. Though I think it'll all change significantly over time.
Good post and upvote
hello @senseicat
Have got to admit you are optimistic...good research...it seems logical to me, a bot is cold and has no fear, it does not use its emotions to make a decision, it uses real data and economic strategies. to increase profits..
You are on point...thumbs up...upvoted
@vickyrich
@vickyrich Your sentiment sounds good; but it's all provisional. The crucial condition being an 'honest' bot. In my few months on Steemit, I have seen more than one bot go rogue.
Money is funny in an unfunny way. I have seen it make otherwise honest people, greedy. Bots have humans at the root. I'm reminded of the Bernie Madoff bunch and how trusting something other than personal research and one's gut cost many millions and more.
Thumbs down on the bot idea. Thumbs down on blindly taking the advice of others to handle your money, also.
I believe win or lose, doing your own research, making your own choices based on gut-instinct is a much wiser choice, arguably of course.
Peace.
thanks @senseicat for sharing a very important post.
I have lost bitcoin thought the years due to websites that never paid, if I could get it back I would surely try it out. Cheers Senseicat.
What websites were they? We need to call them out!
Those sites are long gone my friend, had you hear of scrypt.cc ? Or gigahash.org those sites are long gone now.
Please share the name of the website so others don’t get scammed too thank you.
Good post thank you for sharing. I get chuckles when mainstream media discuss the coin. They are so far behind the curve. I’m not saying I’m an expert or anything but far ahead them and I’ve only been researching for three months. Thanks again for sharing post keep on posting.
I can't access the link but have noticed the class action suits over anything and everything are more and more common. Lawyers are there to make money and the current social acceptance of lack of responsibility for one's actions makes it possible. A perfect world for those who want rewards without risks. Sadly this is also a perfect environment for stifling innovation and progress.