If you put $1,000 into Bitcoin right now, and it hits $100,000 by 2022, how much profit will you make?

By Suthep Chaviwan/Feb. 18. 22

You will certainly know the answer for the above headline and can also have the precise answer if someone poses you the question of how much profit will you make if you put $5,000 into Bitcoin right now and hit $500,000 by 2022.

To make money from bitcoin and altcoins, you must have faith and believe that you will gain and have determination. While others are doubting, you must prepare, others are daydreaming, you must study, while others are sleeping, you must plan, while others are playing, you must decide, and while others are delaying, you must take action!.

The road leading to the achievement of cryptocurrency is not always smooth; it is full of pitfalls, none spreads the red carpet welcomes you on the path that you walk!.

Almost all the governments, Democracy and Communism, in this world and their central banks, do not recognize cryptocurrencies as legal tenders.

You must seek ways to reach your goals.

Some famous individuals are also against all forms of cry currencies and discouraging to involve with Bitcoin and other digital currencies. This week, Feb. 16, Charlie Munger, is reportedly said that "Crypto, it is like some Venereal Disease'.

"I certainly didn't invest in crypto. I'm proud of the fact that I avoided it. It's like some venereal disease.", Munger, the 98-year-old vice-chairman of Berkshire Hathaway, said.

Anyhow, It is understood that the comment of Munger, will not change the determinations of crypto enthusiasts who still foresee that bitcoin and other digital currencies are their hopes and aspirations for doing business and gain income.

We know that Bitcoin and other cryptocurrencies are not legalized and are not tender. Although most governments are allowing cryptocurrencies to operate the crypto exchanges. These governments and their central banks do not recognize the legal tender of cryptocurrencies, but a tax from investors, exchangers, depending on the decision of each government. For instance, Thailand tax 15% from the crypto gains, while the Reserve Bank of India (RBI) introduced its own 30% tax on crypto gains alongside proposals to implement a central bank digital currency.

The same practice of all governments about crypto tax is that you can buy and hold cryptocurrency without any taxes, even if the value increases. 

There needs to be a taxable event that takes place when you sell the cryptocurrency. For example, if you buy $1,000 of crypto and sell it later for $1,500, you would need to report and pay taxes on the profit of $500. If you dispose of cryptocurrency and recognize a loss, you can deduct that from your taxes. 

In brief, you can buy and hold cryptocurrency without any taxes, even if the value increases

From what we know, people nowadays are trying all means to increase their incomes, passive income or saving and investing in cryptocurrencies to suit their life. 

Saving money typically means it is available when we need it, and it has a low risk of losing value. Investing typically carries a long-term horizon, such as our children's college fund or retirement. When you save, you can usually pull that money out when you need it (or after some time). 

When you invest, you have the potential for better long-term gains or rewards, but also the potential for loss. You risk more in investing for a larger return, but your potential loss can be large as well.

Suthep Chaviwan

WARNINGS: Any opinions, research, analyses, and prices, on the above info, do not makeup investment advice. Trading cryptocurrencies carries a high level of risk and may not be suitable for all investors. Please seek advice from experts and financial advisors if you want to invest and trade bitcoin and other cryptocurrencies. Ending.

 Let's earn knowledge and a Certificate in Cryptocurrency and Blockchain.

 Suthep Chaviwan/March 1, 22 

We will certainly have the chance to use the knowledge of cryptocurrency and blockchain in the future, similar to using smartphones, the internet, and social media, no matter how old you are if your life still exists in the next five years.

 

The surrounding environment of cryptocurrency, and the smart contract will autonomously force you to use. 

They said all Generation, especially the younger generations will know and learn subjects, Cryptocurrency, Smart Contract, and Blockchain.

Detail about Gens. can be viewed at:- 

https://www.kasasa.com/exchange/articles/generations/gen-x-gen-y-gen-z 

On the website, the breakdown by age looks like this:- 

Baby Boomers: Baby boomers were born between 1946 and 1964. They're currently between 57-75 years old (71.6 million in the U.S.)

 

Gen X:  Gen X was born between 1965 and 1979/80 and is currently between 41-56 years old (65.2 million people in the U.S.)

 

Gen Y:  Gen Y, or Millennials, were born between 1981 and 1994/6. They are currently between 25 and 40 years old (72.1 million in the U.S.)

 

Gen Y.1 = 25-29 years old (around 31 million people in the U.S.)

 

Gen Y.2 = 29-39 (around 42 million people in the U.S.)

 

Gen Z:  Gen Z is the newest generation, born between 1997 and 2012. They are currently between 9 and 24 years old (nearly 68 million in the U.S.)

 

Gen A: Generation Alpha starts with children born in 2012 and will continue at least through 2025, maybe later (approximately 48 million people in the U.S.)

 

No one is too old to learn the new subjects, especially the subjects that are relating to our daily life such as Cryptocurrency and Blockchain.  Not only learning but also gaining income by using the mentioned subjects.

 

If you are interested to gain more knowledge on Cryptocurrency - Cryptography–Blockchain, there are many channels for you to learn and gain cryptocurrency insights.

 

There are distance learning courses, for the BEGINNER or Newbies. The courses will help you gain knowledge about Cryptocurrency and its related concepts from basics to advance.

 

You can also learn the relating subjects in Thailand from the Securities and Exchange Commission (สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)

https://www.sec.or.th/EN/Pages/LawandRegulations/DigitalAssetBusiness.aspx

 

If you have the chance and aim to gain the knowledge, please visit the above website and learn from it. You may set your mindset, and wow that within 2-3 months, you will know all the info on the website. 

 If you are older, it is time to update your knowledge and exercise your brains like the younger ones.

 

It reported (January 26, 2565, B.E.) that over 1 in 10 working-age internet users now own a "crypto", with that figure rising to over 2 in 10 in Thailand.

 

Apart from info near us, in our daily life. We should also pay attention to the global news, Coronavirus disease news. Breaking News in Thailand and abroad as well as the news in the https://www.bloomberg.com/asia

 

Suthep Chaviwan/01-March–22.

 Love, Happiness, Life and Death

ความรัก –ความสุข- ชีวิต- และความตาย

Suthep Chaviwan

“The world is afflicted by death and decay. But the wise do not grieve, having realized the nature of the world.” “บนโลกใบนี้เจือปนไปด้วยมัจจุราชและความเปื่อยเน่า แต่นักปราชญ์ไม่วิตกเสียใจ เพราะเห็นว่าเป็นธรรมชาติของโลก”

“Faith and Prayer both are invisible, but they make impossible things possible.” “ความเชื่อและการอธิษฐาน ทั้งสองอย่างนี้มองไม่เห็นด้วยตาเปล่า แต่สามารถทำให้สิ่งต่าง ๆ ที่เป็นไปไม่ได้ กลายเป็นสิ่งที่เป็นไปได้เสมอ”

“Conquer anger with non-anger. Conquer badness with goodness. Conquer meanness with generosity. Conquer dishonesty with truth”. จงชนะความโกรธด้วยความไม่โกรธ จงชนะความชั่วด้วยความดี จงชนะความตระหนี่ด้วยการให้ จงชนะความไม่ซื่อตรงด้วยความจริงใจ

“They blame those who remain silent, they blame those who speak much, they blame those who speak in moderation. There is none in the world who is not blamed.” “คนที่อยู่เฉย ๆ ก็ถูกนินทาติเตียน คนที่พูดมากก็ถูกติเตียน คนที่พูดพอประมาณก็ถูกติเตียน สรูปแล้วไม่มีใครบนโลกใบนี้ที่ไม่ถูกติเตียน”

“As a water bead on a lotus leaf, as water on a red lily, does not adhere, so the sage does not adhere to the seen, the heard, or the sensed.” เปรียบดุจดังก้อนน้ำเล็ก ๆ เกาะอยู่บนใบบัว หรือหยดน้ำบนดอกลิลลี่สีแดง ไม่ยึดติดอยู่กับที่ ฉะนั้นผู้ที่เป็นนักปราชญ์ต้องไม่ยึดติดกับสิ่งที่ได้พบเห็น สิ่งที่ได้ยินมาหรือติดอยู่กับการรู้สึกสัมผัส

 

The root of all Evil, money or Poverty?

Suthep Chaviwan

Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.

Money is the root of all evil for the love of money is the root of all kinds of evils. (1 Timothy 6:10) This verse was written by Paul, possibly while he was in Macedonia. It is his first Epistle to Timothy and was likely written sometime between A.D. 64 and 65. 

It's Paul's Opinion or God's Word is unknown to us?. If you carefully study the Bible, you know in some verses Paul admitted God does not inspire him to write-it's Paul's opinion.

Anyhow, in our modern world, some analysis had given their insight analytics that Poverty is the root of all evil coz when you're broke, you become enticed to certain unusual behavior that leads to evil commitments.

The desire to be rich is a Good Thing. Although earning money is difficult, you must strive and evade Poverty as poverty is the root of all Evil!

Suthep Chaviwan/Feb. 17. 22

**

 If you want to make money from cryptocurrency.

 Suthep Chaviwan. 

No other way to make money or gain huge income from cryptocurrencies, except to make the investment and trade. The more money you invested, the more you gain, and the minimal budget you put, you gain little even if the lucky belonging to you. You will not become a millionaire overnight.

However, the cryptocurrency prices are extremely volatile, prices go up and down, fluctuated all the time. You may lose all of your investment, or become a millionaire overnight depending on the amount of your investment. 

For the above reason, nobody, even the crypto experts who are involved with this business for years do not openly encourage you to invest with the guarantee for a huge income. Only the crypto scammers who would always persuade you to invest the huge income with them to become millionaires overnight. 

But these scammers will disappear soon with your money and recovering your invested funds is extremely unlikely.

When you are involved with a crypto business, you should also ask yourselves and knowing that what category of investor you are; a retail investor known as an individual investor, a non-professional trader, or the institutional investor that invests money on behalf of clients or members.

Institutional investors are organizations that pool together funds on behalf of others and invest those funds in a variety of different financial instruments and asset classes.

Anyhow, both individual investors and institutional investors could be said they are speculators, not ideologues. They need profits. 

It is not wrong to say that people today want to get rich from cryptocurrency, but do not make their preparation and are ready to be rich. Someone may have the financial strategies, knowing that crypto is "the future of finance". These people are from many generations including Gen. Z.

Gen Z is the newest generation, born between 1997 and 2012. They are currently between 9 and 24 years old, most are studying and depending on the money from their parents. They have full knowledge and are ready to invest in cryptocurrencies.

As mentioned above, if you want to get rich from investment or trading with bitcoin and other cryptocurrencies to be a new millionaire, you must make the preparation. 

They also included the preparations for owning the e-wallets with a huge amount of money- the more your investment budget you have, the more you will become a millionaire quicker if the fortune siding with you.

And although fortune wants to be with you, you will never grasp it and become a millionaire if you have only a few hundred dollars for investment. Suthep Chaviwan/ Feb. 17, 2022.

****

Warning to crypto investors: Cryptocurrencies are currently unregulated by both governments and central banks. They are volatile, unexpected changes in market sentiment can lead to sharp and sudden moves in price. Cryptocurrency trading is a high-risk business and more traders lose. If you want to trade, you must trade with money, not more than you can afford to lose.

##

Give up the idea of an overnight becoming a millionaire. 

By Suthep Chaviwan/March 7, 22.

Often we will come across news articles and YouTube about cryptocurrency narrating that the digital business will make you become a millionaire overnight. You must not miss this opportunity but hurry to jump on this bandwagon. 

Such inspirational encouragement, mostly from crypto influencers, from inexperienced financiers making those crypto newbies, put all of their available budgets for investment with the hope to be a million or gaining permanent monthly passive income, but they lose all. 

There's nothing wrong with dreaming big, but you need to make a plan for cryptocurrency investment.  Give up on the idea of overnight success. This doesn't mean that you can't have success in a short amount of time, but you must have a plan and know what you're trying to accomplish to work towards it. 

Without a plan, success doesn't happen!.

It takes time and effort for any business to grow, especially when you're just starting. There's no magic formula for success — it takes time, planning, research, and work to make it happen. 

Do your research — don't jump in because of waves of speculation or because of FOMO (fear of missing out)

Don't put in more than what you're willing to lose. 

Remember that all good things take time, develop skills that add value to your life and the lives of others.

Getting rich in cryptocurrency and becoming a millionaire overnight, can take place, but not for everybody. 

On top of this, some negatives and disadvantages of investing in cryptocurrency that you must know and ponder.  It is an extremely volatile investment. 

Cryptocurrencies haven't proven themselves as a long-term investment—yet. Crypto has serious scalability issues. 

Crypto newbies are vulnerable to security risks. You will not reach your goal in just a couple of months.

 In conclusion, if you are involved with the crypto business, be patient with yourself, and give up the idea of overnight becoming a millionaire. 

Please also remember that all good things can always take time — so be patient with yourself!

 Suthep Chaviwan/March 7, 22.

An Optimist differs from Pessimist.

Suthep Chaviwan. 16 Feb. 22

A pessimist is a person who sees the worst aspect of things or believe that this world is as bad as it could be or that evil will ultimately prevail over good, the worst will happen. The pessimist points to ways in which life has deteriorated.

An optimist is a person looking at the world on the good side, staying positive and happy.

Let's be the optimists, surround ourselves with happiness, and believe that a wise man can learn more from a foolish question than a fool can learn from a wise answer.

ความกลัว มีความหมายสองประการ

“ลืมทุกอย่างแล้ววิ่งหนี”

หรือไม่ก็เผชิญหน้ากับทุกอย่างแล้วลุกขึ้นสู้

การตัดสินใจเลือกว่าจะเอาอย่างไรขึ้นอยู่กับตัวท่านเอง

##

 

 

Crypto business, trading, and mining are legalized in Laos, but only for ex-pats, not local people and the revenue from cryptocurrencies that will gain by the Government is for the payment of national debt.

Updated/February 15, 2022.

 

Sorry, the above headline is very long, but it is my intention, Suthep Chaviwan, who writes this article wants to do so and the following is what I want to comment on in detail.

 

In September 2021, the land-locked Lao People's Democratic Republic (LPDR) announced a new pilot program to allow the mining and trading of cryptocurrency in the country, and the six companies that have been given the green light include Wap Data Technology Laos, Phongsubthavy Road & Bridge Construction Co., Sisaket Construction Company Limited, Boupha Road-Bridge Design Survey Co., Ltd., Joint Development Bank, and Phousy Group.

To fulfill the work, in January, last month, the Bank of the Lao PDR (BOL), has issued licenses authorizing two companies to trade in cryptocurrencies. The companies are the Lao Digital Assets Exchange (LDX), a joint venture between the AIF Group and the Phongsupthavy Group, and Bitqik, a subsidiary of the Simuong Group.

The LDX and Bitqik are now the only licensed and regulated institutions in Laos that can offer full brokerage and trading services in cryptocurrencies and other digital assets, both within Lao and the region. 

Since 2018, the LPDR had the tough measure against all types of cryptocurrencies; the LPDR, via its BOL, issued the orders banning crypto business, violators will face the jail term and bitcoin adopters could stand to face fines up to $9,000 as well as criminal prosecution, and the Cryptocurrency miners were banned bringing into the country.

It has banned all financial institutions in the country from conducting any operations involving cryptocurrencies and also announced that no individual or institution should make cryptocurrency investments. 

The LPDR's tough measure is not much different from its giant northern neighbor, the People's Republic of China, which its central bank has announced that all transactions of crypto-currencies are illegal. 

China in early last month, Jan. 4, 2022, launched its pilot digital yuan currency works through a mobile app, e-CNY, which is available on Android and Apple app stores. 

Laos, the landlocked country with a population (2021 est.) 7,335,000 in the area of 236,800 square kilometers, is plenty of power electricity. It has 78 dams in operation and has signed memorandums of understanding for 246 other hydroelectric projects in its quest to become the "battery of Asia" that exports electricity to neighboring countries, primarily Thailand.

With its abundance of electricity, produced from water, not from the fossil of animals, Laos will play a vital role in mine for the bitcoin.

 

The Nam Ngum River, a major tributary of the Mekong River in Laos, has played a significant role to supply electricity to Thailand.

Anyhow, the LPDR's domestic savings are low, forcing Laos to rely heavily on foreign assistance and concessional loans as investment sources for economic development. 

Cryptocurrencies are another solution for the country. It is reportedly expected to earn approximately $190 million this year (2022) from bitcoin mining activities in the country, of course, multi-million US$ will be increased in the years to come.

The LPDR's Finance Minister Bounchom is reported said that this new source of revenue, from bitcoin, would give a 20 percent boost to projected revenue for 2022, which could then be spent on priority projects, including the payment of national debt. 

The viewpoints from this writer is; when the LPDR foresees the good revenue from the cryptocurrencies, it should also seek the legit way for the Laotians to participate in reaching the common goal and benefit from these digital currencies together.

By Suthep Chaviwan/Updated February 15, 2022

####

 How to make money with cryptocurrency in Thailand

 by Suthep Chaviwan/ March 3, 2022

 The simple answer of how to make money with cryptocurrency in Thailand is that you have to open a Crypto Account first, trade crypto, and pay the capital gains or profits from cryptocurrency trading 15%, as fixed by the Revenue Department.

It is the withholding tax and is rather low when compared with crypto tax in several other worldwide; Japan – 55% tax on cryptos, Belgium – 33% crypto tax, South Korea – 30 percent, and India – 24%. The tax payment is based on their profits.

 In Thailand, however, many questions remain about how to calculate profits, whether we consider a tax from a price increase as the US dollar strengthens a profit?.

To make a profit with cryptocurrency in Thailand and become a Thai baht millionaire. You should open about 4 e-wallets of bitcoin and altcoins, with the capital of about 20,000 baht each, totaling 100,000 baht plus, for trading. This way, it will be easy for you to trade and expect to gain 20% plus in less than six months and gain at least 2,000,000 baht + or become a millionaire with a few million Thai baht in less than six-month or in a maximum period of less than one year.

Crypto influencers, crypto savvy consultants can help you on the above-mentioned matter. Although the market prices of crypto fluctuate, difficulties. You can't lose all of your investment. You will certainly gain and become a Thai baht millionaire when playing by rules.

==

Warning to crypto investors: Cryptocurrencies are currently unregulated by both governments and central banks. They are volatile, unexpected changes in market sentiment can lead to sharp and sudden moves in price. Cryptocurrency trading is a high-risk business and more traders lose. If you want to trade, you must trade with money, not more than you can afford to lose.

****

Investors should study general knowledge about Cryptocurrencies in Thailand. Below is such info provided by SEC both in Thai and English.

 ศูนย์ซื้อขายสินทรัพย์ดิจิทัล (Digital Asset Exchange) หมายถึง ศูนย์กลางหรือเครือข่ายใด ๆ ที่จัดให้มีขึ้นเพื่อการซื้อขายหรือแลกเปลี่ยนสินทรัพย์ดิจิทัล โดยการจับคู่หรือหาคู่สัญญาให้ หรือการจัดระบบหรืออำนวยความสะดวกให้ผู้ซึ่งประสงค์จะซื้อขายหรือแลกเปลี่ยนสินทรัพย์ดิจิทัลสามารถทำความตกลงหรือจับคู่กันได้ โดยกระทำเป็นทางค้าปกติ แต่ทั้งนี้ไม่รวมศูนย์กลางหรือเครือข่ายในลักษณะที่คณะกรรมการ ก.ล.ต. ประกาศกำหนด

นายหน้าซื้อขายสินทรัพย์ดิจิทัล (Digital Asset Broker) หมายถึง บุคคลซึ่งให้บริการหรือแสดงต่อบุคคลทั่วไปว่าพร้อมจะให้บริการเป็นนายหน้าหรือตัวแทน เพื่อซื้อขายหรือแลกเปลี่ยนสินทรัพย์ดิจิทัลให้แก่บุคคลอื่นโดยกระทำเป็นทางค้าปกติและได้รับค่าธรรมเนียมหรือค่าตอบแทนอื่น แต่ไม่รวมถึงการเป็นนายหน้าหรือตัวแทนในลักษณะที่คณะกรรมการ ก.ล.ต. ประกาศกำหนด

ผู้ค้าสินทรัพย์ดิจิทัล (Digital Asset Dealer) หมายถึง บุคคลซึ่งให้บริการหรือแสดงต่อบุคคลทั่วไปว่าพร้อมจะให้บริการซื้อขายหรือแลกเปลี่ยนสินทรัพย์ดิจิทัลในนามของตนเองเป็นทางค้าปกติ โดยกระทำนอกศูนย์ซื้อขายสินทรัพย์ดิจิทัล แต่ไม่รวมถึงการให้บริการในลักษณะตามที่คณะกรรมการ ก.ล.ต. ประกาศกำหนด

ที่ปรึกษาสินทรัพย์ดิจิทัล (Digital Asset Advisory Service) หมายถึง บุคคลซึ่งให้คำแนะนำแก่ประชาชนไม่ว่าโดยทางตรงหรือทางอ้อมเกี่ยวกับคุณค่าของสินทรัพย์ดิจิทัลหรือความเหมาะสมในการลงทุนที่เกี่ยวกับสินทรัพย์ดิจิทัลนั้น หรือที่เกี่ยวกับการซื้อ ขาย หรือแลกเปลี่ยนสินทรัพย์ดิจิทัลใด ๆ เป็นทางค้าปกติ ทั้งนี้ โดยได้รับค่าธรรมเนียมหรือค่าตอบแทนอื่น แต่ไม่รวมถึงการให้คำแนะนำอันเป็นส่วนหนึ่งหรือเกี่ยวเนื่องกับการประกอบการของศูนย์ซื้อขายสินทรัพย์ดิจิทัล นายหน้าซื้อขายสินทรัพย์ดิจิทัล ผู้ค้าสินทรัพย์ดิจิทัล หรือผู้จัดการเงินทุนสินทรัพย์ดิจิทัล หรือการให้คำแนะนำแก่ประชาชนในลักษณะที่คณะกรรมการ ก.ล.ต. ประกาศกำหนด

ผู้จัดการเงินทุนสินทรัพย์ดิจิทัล (Digital Asset Fund Manager) หมายถึง บุคคลซึ่งเข้าจัดการเงินทุน หรือแสดงต่อบุคคลทั่วไปว่าพร้อมจะรับจัดการเงินทุนให้แก่บุคคลอื่น เพื่อแสวงหาประโยชน์จากสินทรัพย์ดิจิทัล โดยกระทำเป็นทางค้าปกติ แต่ไม่รวมถึงการจัดการเงินทุนสินทรัพย์ดิจิทัลในลักษณะที่คณะกรรมการ ก.ล.ต. ประกาศกำหนด

​"Digital Asset Business Operator" refers to a licensed operator of digital asset businesses, but not including operators who are commercial banks under the law on financial institutions, insurance companies under insurance law, and securities companies under the law on securities and exchange. Digital asset businesses are categorized into three types: (1) digital asset exchange; (2) digital asset broker; and (3) digital asset dealer.

Digital asset exchange means a center, or a network established for trading or exchanging of digital assets, which operates by matching orders or arranging for the counterparty or providing the system or facilitating a person who wishes to trade or exchange digital assets to enter an agreement or match the order, in the normal course of business, excluding the center or network in the manner as specified in the SEC's notification.

A digital asset broker means a person who provides services or holds itself out to the public as available to provide services as a broker or an agent for any person concerning the trading or exchange of digital assets in the normal course of business, in consideration of a fee or other remuneration, excluding the brokers or agents who act in the manner as specified in the SEC's notification.

Digital asset dealer means a person who provides services or holds itself out to the public as available to provide services regarding the trading or exchange of digital assets for its account in the normal course of business outside the digital asset exchange, excluding the dealers who act in the manner as specified in the SEC's notification.​

 

Suthep Chaviwan/March 3, 22

Today, the opportunists and, unscrupulous traders are using fintech crypto services and blockchain technologies of cryptocurrencies for their illegal business; money laundering, and include online gambling activities.

by Suthep Chaviwan/Feb. 11, 22

 

Many people will certainly have questions in their minds and want to know why Satoshi Nakamoto, the bitcoin creator have created the bitcoin and what was his original purposes?

 

In Nakamoto's original proposition on Bitcoin, he wrote "What we need is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other with no trusted third party.

He had likely envisioned Bitcoin to be a token of a transaction that the world would widely adopt to protect against inflation. 

To date, it is unclear if the name Satoshi Nakamoto refers to a single person or a group of people. Several people have claimed to be Satoshi, but the true identity has never nor revealed, the genuine Nakamoto may be a woman, nobody knows, what we know is his bitcoin, the great work.

Bitcoin is the digital currency, they create it as a way for people to send money over the internet to provide an alternative payment system that would operate free of central control but used just like traditional currencies. 

The nine-page white paper on bitcoin will probably answer your doubts. 

We also know that nowhere in the white paper of the bitcoin has encouraged the users to be the speculators, trading and investing in bitcoin with the hope to be a crypto whale and being a millionaire overnight. 

And according to the report, Satoshi's bitcoin, (BTC) which is the daddy of all alternative coins is widely global use. As of 2021, about 106 million people around the world use cryptocurrencies, and about 46 million among these people are Americans. 

There are 1583 cryptocurrencies listed on coinmarketcap.com, which is more than all the different fiat currencies in the world. Just nine years ago, there was only Bitcoin, but now we have cryptocurrencies in virtually every sector of the economy. 

It needs to say again someone (or a group of 'people that goes by the pseudonym Satoshi Nakamoto launched that Bitcoin in 2009), in the wake of the 2008 global financial crisis as a way for people to control their money themselves, without having to rely on companies, banks, or governments and their fees and controls. 

Nowadays, opportunists, unscrupulous traders misused the facility of cryptocurrencies for their illegal activities; money laundering through cryptocurrencies, including online gambling activities. 

As to the real investors of cryptocurrencies today, we could divide them into two categories; retail investors and institutional investors. 

The institutional investors, do not use their own money but invest other people's money on their behalf, while the retail investors, also known as individual investors, are non-professional investors, or anyone who doesn't do investing as a career, these people are called as retail investors.

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Anyhow, both categories investors are risky, but also potentially extremely profitable.

Suthep Chaviwan

WARNINGS: You have to study and evaluate the pros and cons before investing in these crypto-assets. You may lose all of your investment overnight or become richer in the level of US$ millionaires overnight depending on how many cryptocurrencies you have in your e-wallets and how much you have invested.

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