Rathiel

It might be a while. The global economy's a little shaky and it may have a negative impact on the state of cryptocurrencies. I reckon it'll be another rough, or perhaps, steady year for cryptocurrencies where there won't be much gain, but there won't be much loss either. 2020's my bet for the start of a bullish run again.

I'd probably reinvest half of the gains in other ventures to diversify. The other half, I'll divide into five portions. One part will go back to crytocurrency investments, two parts will be deposited into a bank, one part will be for personal spending, and the last part will be put as downpayment for a condominium near my place of work.

I wish bitcoin appreciates in value again. We'll see what happens in the coming months but hey, a little prayer doesn't hurt.

I prefer keeping onto things short-term when it comes to cryptocurrency, especially given how volatile the market is. I'll keep a little for long-term interest, but like with most investments, you have to know when to sell and when to hold onto your assets.

Considering that it was based on the meme, I really didn't expect Dogecoin to be around for as long as it has been. Is it worth it to add Dogecoins to an investor's cryptocurrency portfolio?

Given the rate it was first traded at, and compared to the value of bitcoin now... Well, I can for sure say that this guy is probably regretting not holding onto his BTC back then. But there always has to be first for everything, and it's great that he managed to prove that it's possible to trade a deregulated, virtual currency for a tangible good! He'll have a story to tell, at the very least.

I've been somewhat cautious with bitcoin, so I haven't really lost anything. I'm not disappointed, personally, though I do feel bad for the people who bought when the prices were high. I'll maybe buy a little to see if it'll bounce back. But nothing I would miss too much if the market decides to take another nosedive.

I regret not taking my brother up on his offer to buy Bitcoin, just for the laughs, back when it was just starting. His friend offered to a few dollars worth of bitcoin back in the day, and I'd thought the guy was nuts for offering. My brother decided to humor him, but I hadn't the money to just casually throw into the pot. I was just a student back then, after all. Man, that five dollars' worth of Bitcoin would have ballooned in value by now.

For most part, I just didn't have the money to invest in something that didn't seem to be plausible at the time. Given the intangible nature of Bitcoin, it's hard to see if it was a legitimate thing or if it was just some elaborate scam. It had been better to err on the side of caution at that time.

It think the prices will stabilize after a bit of a rough ride. It's still a relevant currency, and more and more people have become aware of it. The demand will be sure to follow, though I hope that there'll be no more pricing bubbles this time around.

Is it better to stick with just one or two cryptocurrencies when they're currently the most well-known ones? I've been thinking of branching out to others, but given the current market volatility, there have been second thoughts on the matter. Got any advice?

It depends on where you are in the world, to be honest. Some countries have laws which have legislated a more inclusive tax scheme which might affect cryptocurrency transactions. Check the legal definition of a 'transaction' and see if it involves the use of words like 'legal tender' or 'money'. There may be countries who treat cryptocurrencies as more like stocks, like capital assets which are not taxable until they're exchanged for more tangible goods or currency. Others might tax on a per transaction basis, or as 'income earned, from whatever the source.' It's really an issue what legislation says and how far it can be made to fit the current situation of cryptocurrencies.