As a matter of fact, it is very few number of noobs in the cryptocurrency business that understand the level at which patience is required and valuable in the business. I do tell my friends around me that wish to come in to the business “it’s only patience ones that would feed from the milk of a lion” . I bought some coins few weeks ago, which I decided to hold while it was dipping but I keep holding with zero fear and absolute patience. Presently, i’m In over 47% profit in all. My advice to my colleagues is all you need is buy into coins with good potential and relax even while it’s at dip. Trust me, you won’t live to regret anything if only you would be able to hold with patience. Thanks
It is not only the noobs but also rather advanced investors who make the same mistake again - sell too early or with great minus. Yes, there are different strategies (some prefer short daily trading, others hold for a long term) but being parient and scrupulous is indeed the key of success. |
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I want to invest 500$ on altcoin but I really confused on which coin I can invest and my investment will be long term. Please experts help me to choose altcoin to invest.
Why don't you try playing with alts that cost like 1-5 cents? Just pickup one from the top of the list and try to make your first profit. |
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Many community members have been claiming lately that altcoins are going to die or at least that 90% of altcoins are doomed. I tend to agree with them that there are many coins and tokens that are pointless and won't survive. Another cathegory are alts with solid foundations but won't manage to fight with their competitors as naturally there are numerous projects with same visions. But if you trust the project you invested in, there is no reason to change your mind just because someone says many altcoins won't succeed. Do your research and trust only your own judgement, because many ALTCOINS ARE HERE TO STAY!
Alts became so popular just due to Ethereum blockchain that allowed massive generation and adoption of ERC20 tokens. It was a bright and very fast explosion of interest to a new way of getting fast profit, which naturally died after most opportunities have come to an end. |
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I wanted to say that I have stopped sharing my crypto interest with close mates of mine.
Because they will became greedy and jealous for that money they could have too.
But the problem is that they are seeing a results of hard intense and long work! My tokens sometimes costed me like 3 months of work, (not the hardest, but anyway).
And the are saying then - teach me how to do that! Teach my now in half hour! So I would have my $1000 tomorrow!
And then they are trying to do something here for 5 days, nothing comes so fast and they give up,
also the relations are harmed...
Thanks for your attention folks! Nice days!
You shluld have encouraged your mates to join crypto - more crypto-hamsters would be available for cutting  But if seriously, yes, I also hate people who just want to get their profit based on YOUR hard work without putting any effort in independent analysis of what is going on in crypto market. |
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I absolutely agree with you - the existence of all developed countries and comfortable lives of their citizens would have been impossible without taxes. That is why in economic giants like the US and Europe people are punished for tax-related crimes almost as murderers and rapists.
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Everything here in our lives is determined by a chance starting from the probability of ovum fertilization by a semen end ending with the chance to die in a car crash.
Being talented and having a cultivated thinking also depends on so many chaotically interrelated factors that it is absolutely impossible to determine whether one became rich due to his own efforts or just by an accidental luck.
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The first altcoin developers who claim their absolute freedom from Bitcoin will be the real winners of this crypto game.
It's the humans' psychology that makes people dedicate all their efforts to something which gained more popularity than all other things of a kind. Bitcoin's blockchain as it is (and the related transactions) is so elabotated and slow.. I just wonder why won't people abandon it and switch to a more flexible type of payment. |
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Well this is what the insightful Tone Vays claims...
He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.
So l guess we should all sell our Alts now!
Tone Vays has a point regarding DASH but he forgot to say that Ethereum was the first to introduce smart contracts. In other words, Ethereum is a pioneer like bitcoin, but in its certain specialized way. So describing it as a scam is, mildly speaking, incorrect. |
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Bitcoin is a part of digital money. How is digital money is your country ??
Bitcoin can be referred to as digital money only because it is distributed via some electronic calculation means. In all other aspects bitcoin looks more like an asset which if thoroughly stored and cared for until it reaches the highest price ever. |
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Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
Bad news always have a certain impact on the financial situation with respect of this or that valuable asset or currency. News constantly coming from from Asian countries are no exception - they actually own the greatest share of the world's population that is capable of influencing the whole situation on the market. |
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No matter what all these celebrities are doing, it all comes to promotion of crypto among the people (fans) who have never heard about blockchain before.
I personally don't care how exactly Owen tries to advertise himself, but the eventual profit from his actions is the increased popularity of cryptocurrencies and the inflow of new investors.
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A lot of posts are about bitcoin (eg bitcoin for illegal transactions ... bitcoins change lives ... bitcoin destroys the world ... bitcoin poison and so on) but basically it's all humans that move .. bitcoin is the tool. Good bad how the tool is how the man who runs. is it worth blaming bitcoin. What is your opinion?
I've never met info related to bitcoin as a destroying power of the world  On the contrary, everybody is talking about the revolutionary features of bitcoin and blockchain as a whole. So there is nothing to blame bitcoin as a technology for, it's just the people that spoil everything they see around.. |
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Some major events as seen by China. More.... It turns out that there is also “advertising” for gold and silver in China, too. The big difference here is that it is China's government which is advertising the “opportunities” in gold and silver and it is urging the Chinese people to buy gold and silver. An article from mining web-site, Mineweb quotes a program which appears on China's largest (state-owned) television company, promoting bullion-buying in general, but stressing that silver is currently the best value for investors (no surprise to regular readers): https://seekingalpha.com/articleChina has $2 Trillion to $5 Trillion for Gold ?? Chinese government told/encourages its citizens to buy gold and silver in 2012. That's very strange that in 2018 you are talking about some events that happened in China in 2012.. Moreover, the article that you gave as a link is dated early September 2009 - the time when crypto was hardly even heard about. But yes, it is absolutely normal when a country encourages its citizens to buy precious metals - we all know that the value of any national currency is supported by the gold reserve. |
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This question is especially for those who have been into crypto for a long time. How did cryptocurrency help you, most specifically financially? Did you earn more? Gain more investment? I do have a friend who wants to get into crypto but he does not have a lot of savings in his bank account or any major investment. I told him to save more before getting into crypto because they still have mortgage and car loan to pay. Do you think crypto will help him out to?
One needs to have at least several thousands of dollars to start investing in crypto, and he should always be ready to say goodbye to this money. I personally started from doing bounties in order to get some spare tokens and try to play on the market. So I would recommend your friend doing the same. |
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For exchanges, ICOs that collect KYC information, when are they required to send information to the government.
If I remember correctly, in the US if you make a money transaction, such as through Western Union, or bank, $3,000+, within the same day, or smaller amounts during consecutive days, the institution must collect your ID information and Social Security and report it to the government. I forget which entity of the government.
Does that mean that if one participates in an ICO and puts in over $3,000, that gets reported to the government? Or if you move $3,000 out of an exchange, that gets reported?
As far as I know the US citizens are not allowed to participate in most ICOs, therefore, their data could not be reported to the government. Maybe this law was one of the reasons why the americans were banned from investing in ICOs. Still, sharing info with any of the governmental laws contradicts decentralization which is key quality of cryptocurrencies. |
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I'm just hodling since the January drop. Stupid me I didn't sell enough of my coins that time. Just wondering what are you guys doing. Still holding or you pulled out your investments in the mean time?
Just holding, because all coins are in the dip and there is no idea about when this downtrend will end. Hope that the market will recover soon if the positive decision about bitcoin ETF is taken by SEC. |
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Any idea how many new ICO's will be launched in 2018.What will be the future of new projects.
As we can see in 2017 It's like a bubble everyday new ICO's with few pages whitepaper,just a business plan no founder details,no physical address.
ICOs are still launched every day (there are at least 5-10 new bounties upcoming each day). Most of them have at least a 20-page white paper and detailed info about the team and founders, but still that's not enough to figure out whether a project is scam. |
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They seem biased to me. A friend of mine who's doing an ICO told me that they paid 10ETH for 5 quality ratings and that's that! I noticed that some ICOs with good project, team, and good social media presence are struggling with getting good reviews.
With all that said, should it still be a factor to look at when investing in ICO?
I trust only icodrops.com, as they give the moat comprehensive information about the projects. Not sure about whether they are get paid by certain projects (and thus become biased), but for me this website is the main source of information when choosing an ICO or a bounty. |
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I think that 95% of crypto coins and tokens won't survive and the reason is that a crypto coin in order to survive and get value it has to be accepted as a way of payment for purchase goods or services.
Very few coins will manage to do it at the end of the day and of course these coins will get enormous value.
The only thing you have to do is to find out which coins will enter the market of real currencies.
I think only those coins will survive that are the leaders in certain industries (cyber security, gaming, data storage, blockchain enhancement, etc.). All other tokens are deemed to be forgotten and eventually delisted from exchanges. This process might take several years, so investors still have enough time to make the right decision. |
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I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
Regrettably, Wellershoff is quite right, and cryptocurrencies in their current state cannot be used as a ready substitute for fiat money. Cryptos are mostly used for speculation (buy at low, sell at high), but not as a stable method of payment. |
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