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I suggest you don't use it unless you have to. Because they work very slowly and I'm a little skeptical regarding to trust. IDEX is the one i use most, but i don't use the same address again after every visit to IDEX. In my opinion we should use centralized until decentralized exchanges are updated.
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So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
I think it only means that, the crypto system is moving and alive, some people are saying that the whole crptosystem is gonna die but because of that happening, we could say that people are still in to cryptocurrency. That is a great news more than a bad one. I believe there are many altcoins that could take bitcoins post any minute, because there are just so many good and promising coins out in the market. I don't think so that cryptocurrency will going to die at any time soon. Maybe in the future or could be not because its concept is really good compared to the concept of fiat money where there are many regulations from third parties like the banks and the government. It might happen but its takes a year before Bitcoin replace by other crypto because this coin is first created and exist for more longer years until now. If there's a crypto replace it, I think the decision is based to the people who are still in Bitcoin and I think replacing Bitcoin will never happen. For me just a next in Bitcoin or second to the best only are the crypto can replace but not the Bitcoin. I agree with you, Bitcoin is the most reliable member of cryptocurrency, perhaps the reason for the present existence and Bitcoin's fall to second place will cause crypto to fall to second place. Maybe this will happen in the future, but not in the near future. |
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Good exchange is exchange that operated more than 2 or 3 years and they has good reputation, never get any hack and comply with the regulation in the country their located. I used Bittrex and Poloniex more than 2 years and i have balance in that exchange also since 2 years and untill now that my balance is safe. So this both exchanges is one of the best exchanges.
You're right what you said. But i don't recommend you to keep your money in exchanges which centralized and never give you the private key. Also they can freeze your money on any problem, even they won't tell you that. You just need to keep your money in the offline wallet. |
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1% of all electricity usage in the world seems as a large percentage. Besides, if so and it's seen as a investment like now, it's not worth it. So, the passion of people making money isn't important from global warming. But using Bitcoin and Blockchain for the benefit of humanity will protect our future and i will support it accordingly.
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I think from the level of valuation and market capitalization, when people see the price of Bitcoin is high, then they will think that other crypto coins will follow, so they buy Altcoin in the hope that the price will be the same as Bitcoin, this is in my opinion...
We can see this opinion as a reason. But the main reason is that most of the coins in the market can't be exchanged directly to USD. Accordingly most altcoins have a Bitcoin calculated price. So first you should buy Bitcoin to getting any token. Thus, the change in the Bitcoin's price causes price changes of altcoins. |
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In my opinion you should use stop loss if you don't have enough money so, you can lose all of your money in small move of price without ''stop loss''. Of course having some money doesn't mean you don't need to control it. But in every sense it can save you from the loss. The disadvantage is that you find the right direction of the price, but it prevents you when the direction of the price moves to reverse direction.
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Most of the people don't care if a currency is decentralized or not and don't what it means too. They are just interested to make profits, no matter how. They jump on the new flower of the month, invest some cash and sit down until the flower blooms.
How it works, or what it is exactly doesn't matter to them
Absolutely true. Most of the crypto traders are curious about making big profit, not the Blockchain wonder. On the other hand, there are very few decentralized exchanges and all of them useless and very slow. This factor forces us to use centralized exchange. Thus, the crypto loses its meaning. |
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Firstly, cryptocurrency more volatile, so price can increase by 500% within 1 hour unlike stock market. The fact that cryptocurrency is decentralized causes the price to be more volatile. But the stock market can be managed and you can not make a huge profit like cryptocurrency.
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Of course, I continue to keep my coins because I currently have no other way out except to do it.
As investors, of course we must be prepared with all the risks, I believe that the future of Crypto will continue to improve so that holding when the market is dropping is better and more profitable for the future. You should explore other digital coins at the time of the drop, perhaps the news from another coin can be increased price. Maybe the price of the coin is still falling, despite the market recovery. Don't wait, always be innovative and sometimes feel free to risk ''smart''. |
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What i don't understand is, what do you pay attention to when you invest money to the token/coin? to exchange? Nowadays there are so many potential token that none of them is in the first 10 exchange. In my opinion, it is sufficient that the exchanges aren't scam and have a small fee.
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If it's going to happen, we'll see when it happens. It's not right to just say that without any evidence or without any analysis. No obligation ''events that have occurred in the past year should be this year''. The price prediction without any news depends on your chances.
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You write for peoples who intend to participate in the margin
What is your purpose in this market? Are you proving yourself a real investor ? You are not a glamber, right?
In this market, the boundary between gamblers and investors is very fragile
When you join the margin, you are turning yourself into a gambler. You simply do not have the patience to invest, you just want to make a quick profit. That is the mentality of the gambler. Today you can earn a lot, but certainly tomorrow it can also lost more.
They call it a financial leverage, but I call it a gamble. For investment, when your company goes down, if you still put your trust and hold it, it can go up and you can get back. But if the margin, when the long / short beyond your control, you will permanently lose money without getting back.
It's really gambling, I'm advice you not to try, The margin really addictive like gambling. It is not good if you are serious entering into the crypto market.
It will make you sleepless and you allways wants to remove when you lose. Trust me it's bad.
I have tried margin trading in Bitmex but I lost more than I win so I decided that Margin trading is not for me and would only try to trade for uptrends. Margin trading swallows the small money immediately. Because of volatility of Bitcoin, so you'll lose it in a little movement of the price. So, if you want to earn some bucks in margin trading, you should invest more. The another obstacle is leverage, try not to be greedy. |
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Even today, unfortunately, this is true, but the fact that Blockchain isn't known may be due to people not wanting to give up the traditional system. So, the physical money has now become the indispensable of people. It will take some time for them to accept the new generation.
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Yes of course, do not trade by the news because some of the news are fake that spread out easily and also it is most appropriate to depend to the price action.
Through this you can be able to see which is the most reliable by its outcome. Another thing price actions tells most accurate what happen in the cryptocurrency.
Sure, we should not believe the fake news. It is always necessary to go to the source of the news and to act accordingly after being searched deeply. Furthermore, the existence of fake news isn't a reason to give up basic analysis. Because of existence of scam coins, we cannot call Bitcoin a scam. |
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In my opinion this thought has relevance with psychology so, no matter how much the price and investment are, the gain goes up as much as the interest rate of price increases. Perhaps the number of the token causes to this behavior.
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I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?
I think there is nothing to do like other exchange market. Actually no body can control its price that i see in my last two years experience in forum. It goes in its own way. But there may be big gamlar who invest millions dollar and they may go market up and down. Otherwise it can not control by anybody or stable anybody. It is possible to slow down the volatile price slightly using the limits. This can be implemented by the government or exchanges. The useage of limits will slow the movement of the price by causing people to do less trading. But I'm hesitant about being stable, this will probably be useful for acceptance, but it will not be the same on profitability. |
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Crypto innovation for me it is something valuable, it is something what changes the world to the better thanks to technology. It makes our life simpler, convenient and easier . Ethereum has helped multiple projects to create own tokens and as a result collect money, launch own project and deliver new products. All of this has happened due to new infrastructure , so what will be next? I am open minded to new technologies which will change this world, I am looking forward to innovations
In my opinion, using crypto as a payment method isn't suitable for the current period. When robots will replace human labor cryptocurrency will be used, so more convenient and faster. I am also sure that the economy will be more pure with crypto. |
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Some exchanges like Binance, Bitfinex and Bittrex are the strongest exchanges currently available. I do not think there will be any problem holding your coins on these exchanges with a api disabled 2FA enabled account.
Although 2FA is used, i don't support keeping the crypto in exchange. First of all, there is a possibility of hacking, although it is the safest exchange. Secondly, the money in exchange is't exactly yours, you don't have the right to request for private key. Also, they can freeze your account at any time. Using offline wallet protects you in any situation.  |
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In cryptocurrency fundamental analysis is more useful. Considering that the technical analysis is based on people's psychology, it is difficult to find the direction. Moreover, you cannot find the price of a small precious coin with the TA, with little money you can direct the price.
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Cryptocurrency is a reliable place, but all companies have vulnerabilities that can find hackers and hack the system, no matter where you will store the cryptocurrency, there is always a risk of losing everything, because hackers constantly improve their hacking skills, but the protection of the cryptocurrency also does not stand on one place.
No doubt, in the internet world everything can be hacked and until the programs are updated, the hackers are updated as well. Caution is the best protection method. Even you should hide private key from yourself and usage offline wallet becomes your benefit. |
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