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Actually, being a huge financially inclined person, I have always been fascinated by monetary innovations. Also, as a Forex trader, when the crypto technology was introduced, I was attracted by the fact that, I could apply my trading skills here for profit. It immediately drew my attention and I must say, it has been challenging but also rewarding. The crypto industry is still young and hopefully, it becomes more important and highly placed just like it was intended to be.
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Anyone looking to succeed in this industry must be ready to ignore FOMO by all means and at all times. A project pumping hard doesn't mean it will be sustainable in the long run. It could just be a ploy by the whales to grab as much money as possible from those who will FOMO into such a project. In order to succeed, you must make sure you carry out a lot of research ranging from the team, their products, down to their partners. When you are comfortable with what you find, then you can consider joining such a project. There are a lot of fake projects out there and one has to be extremely careful.
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You know this is almost impossible right? However, if that happens then I think it will plunge the market into chaos since it wouldn't even be sustainable. Everyone will be looking to sell with no one looking to buy. It make even end before it begins. The only thing that will bring the bulls back is more investments and regulations introduced to the industry. This way, there will be stability and sustainability.
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In as much as the project idea and vision is great looking, my question is, we have seen something similar in the gold industry, how does Diamcoin intend to achieve their goal and become massively successful?
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These days there are wallets with functionalities of atomic swaps fully secured with revolutionary features. There is no need of having multiple wallets when you can actually have one and enjoy top notch features. One of such wallet is the atomic swap wallet and Thor Swap wallets. These two wallets give their users instant exchange features, they have been designed to provide conversion support to users making it easier for users to hold different kinds of tokens/digital assets and enjoy the luxury of switching between assets when needed.
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This applies not only to cryptocurrency. It is a phrase that should be applied in every area of your life. It is only in making mistakes that you obtain the right knowledge and experience necessary for growth. If you don't make mistakes, you can never learn and not learning means, you will most definitely have to make more grievous mistakes going forward. Look at mistakes as necessary hurdles that should be adapted to in your learning curve.
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You could be right but also, you could be terribly wrong when you sell off too early. At least, I can say this from experience. I made some hasty decisions that caused me terribly and brought in a lot of regrets. However, I am now wiser. I don't hold unnecessarily and I don't dump unnecessarily as well. The formula is, always try to hold a part of any asset you have or if you believe in the goals of any project and try to buy back in whenever you sell. Reason being that, when a chance comes back, it could just be your breakthrough....
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What is going on in the market at the moment happens in almost every sector. When there is panic, there is a tendency of such panic to degenerate even further to a wide scale level leading to loss of confidence in the system and people trying to cash out as fast as possible. This is why everyone seems to be selling off and running off as well, it has lead to a situation where the prices are crashing uncontrollably. It could take some time before normalcy returns.
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What is going on in the market at the moment happens in almost every sector. When there is panic, there is a tendency of panic to degenerate even further to a wide scale level leading to loss of confidence in the system and people trying to cash out as fast as possible. This is why everyone seems to be selling off and running off as well, it has lead to a situation where the prices are crashing uncontrollably. It could take some time before normalcy returns.
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MEW has always been safe. Just like every other wallet in this industry, the power to safe guard your assets and wallets lies in you since you control the Pkeys. If you mistakenly or carelessly allow your Keys to be taken then, you will most likely have the problems of theft. The advice is to always ensure you do not disclose your private details and login information to anyone or anywhere you see. Ensure you access only the official MEW site and make sure its security encryption is ON at all times.
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Of course there are. The challenge becomes finding the right ICOs or projects to invest in since almost all the ones present are substandard or built with the intentions of defrauding people like we have seen a countless number of times. One has to be ready to exert themselves committedly towards making sure that projects chosen are vetted accurately through research, observations and authentication. This is the only way to pick the right ICOs to invest in.
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There shouldn't be an exception, all upcoming crypto project ICOs, ought to pass through rigorous checks and rechecks before they can be allowed to hold. The project team needs to be validated and cleared before proceeding with the token sale. This is to install accountability on the part of all those involved and to also boost the confidence of intending investors.
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