I must admit that i am really worried about the bull market ending now. Because the price and dominance of bitcoin has reduced and the altcoins are not increasing in response to that. This could mean that the big players are gradually removing their money and the bull market is about to end.
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The real why any altcoins dump immediately after listing is because some people that got the coins cheap are cashing out. These people could be the ICO investors with large bonus, the bounty hunters and the project team themselves. In this case, I think it is the project team that pulled this one. They dumped on the investors.
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How did you get Phished or hacked? I always tell people to always verify any website from the project team before using it. There is really nothing much you can do. Just make sure you don't use the wallet again and try to move the new coins before the hacker gets to it.
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Investment in cryptocurrencies are very risky. New crypto coins are also risky because you are trying to predict whether the price would grow up. I will advice you to always research a coin properly before you put any of your hard earned money. Always research!!!!
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This is the nightmare of any trader. Imagine holding a coin for a very long time without any serious gain, and after you finally decide to take your money back, the price now moons. You will feel very bad and frustrated, but you have to move on and look for the next coin to profit from.
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I think it is more easier to invest than trading, because while investing you only need to buy the right coins and hold it for it to reach your profit target, but trading requires knowledge of price action and you need to be able to handle emotions. Trading is harder than investing.
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I have been seeing posts about this project everywhere (facebook, twitter, telegram and bitcointalk) and i must commend the team for the great marketing job they did. But my major concern about this project is the huge amount of money used for the bounty campaign, the price might likely dump once it is distributed to bounty hunters, except they won't distribute all at once.
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I also have plenty of different altcoins from airdrop before that I hold hoping they will have more value but truth hurts that only few will really be able to delivered what people needs, we will need to choose now which is better among those coins who served save purposes and whose can outshine them. The safer decision now is to invest only with top coins in coinmarketcap and trade them to earn more. It's no longer advisable to hold unless its btc and we're too busy to trade.
In investing in cryptocurrencies especially altcoins it requires proper research in order for the coins we hold to have good potential in the future. If we do not go through research first in investing, then bad things that we will receive. Not all coins have good potential in the future. The best thing is to do research and keep learning from experience to profit in investing altcoins. Although research is good before investing a penny in any coin, but scammers too are evolving daily and they are creating projects that will look very real to anybody that did a research on it. Only for them to abandon the project and run away with the money they collected from investors. Crypto is the wild west
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It is almost impossible for any altcoin to replace bitcoin. If you stated that any altcoin to offer the better features than bitcoin, i would agree. But for any altcoin to replace bitcoin, that is totally impossible.
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Absolutely, I have forgiven up on airdrops totally. Airdrops are usually very small and worthless, and with the massive increase in ethereum gas fee, you cannot even send it to any exchange to sell it. And most of them are scammers.
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The most amazing thing about this year bull run is the unpredictability nature. It has humbled a lot of analyst predicting against it. I really do not see it stopping anytime soon and I will continue to fill my bags.
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In the next five years, I see myself being full time day trading the cryptocurrency market and also investing and holding good altcoins. I strongly believe crypto is still very much undervalued and a lot of institutions and countries will tap into this trillion dollar market.
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Recent tweets from Elon Musk about doge coin which drastically increased in price, is the major reason i won't invest a single dime of my hard earned money in Doge coin. Because I do not want to have my money in a coin that can be easily manipulated by influential people. Any tweet or word from them can either make of break your portfolio. You are at their mercy.
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Storing your cryptocurrencies in centralized exchanges defeats the major purpose of creation of crypto, which is to give you control over your funds. Do not ever store your crypto coins/tokens in exchanges no matter how good they are because no centralized exchange is immune to hack or attack and you money will vanish with it.
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This Bull Run that tested late 2020 has been very good, and one thing it had taught everyone is that the market cannot be predicted. Nobody expected the bull run to last this long and Bitcoin to pump this high. Most people thought it would be similar to the 2018 bull Run, but it is different.
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I see a lot of people complain about taking profits being hard but the only reason why taking profits could be hard is because of Greed. If you research a coin properly before buying it you should have a clear plan that is, you should have a entry points and a predetermined exit points. by doing this you won't have any headache of when to take profit
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