The goal of Ethereum is to create a platform for the development of decentralized apps. It wants to give the public more options for developing the apps. Neo on the other hand aims to digitize assets and automate their management using the smart contracts. So, both have their own objectives and potential. Ethereum looks for fulfilling new demands and Neo aims for developing a product for anticipated future demands

Yes, I had taken a decision in panic. I sold my holding when the prices we falling down heavily. I feared that it might fall more so I sold it out of panic. But after that the price of that cryptocurrency rose high and if I had not sold my investment I would have earned 10k USD. I guess panic selling is something which many or all investors experience once. This is a common experience but this has taught me how to have some patience and act smartly.

According to me the following tips will be helpful for surviving a market downfall:
1.   Never invest more than what you cannot afford to lose. Always remember that you have a lot of other financial needs to fulfill.
2.   Stop checking the crypto market charts filled with red again and again. This will only worsen the case.
3.   Have some patience. Don’t expect to get rich overnight and avoid panic selling.
4.   You can also avail this downfall opportunity to buy the cryptocurrency at low prices.

Bitcoin can also act as a store of value like gold and can hedge against inflation. Otherwise, I think that Bitcoin protects people from the intermediaries. The intermediaries like banks and financial institutions charge huge amount of fees for executing financial transactions. This makes the transactions very costly. But Bitcoin is decentralized which means it is not backed by any authority.  So it eliminates the intermediaries.

Yes, I completely agree with you. Crypto market is definitely for those who are willing to take risk. In fact, all investments are risky in some way or the other. In order to earn something investors have to take some risks. If a person is not willing to take risks then he should never enter this market, because this market is comparatively riskier than other forms of investment. So investing in it can lead to panic selling which further leads to losses.

I don’t completely agree with you. I accept that luck plays an important role in one’s life but one should not completely rely on it. Instead one should have faith and trust in his own capabilities and work hard for success. If you have sufficient talent and intelligence then you can definitely succeed in life. Hard work and smart work is all what one needs for living a successful life.

Bitcoin has a great affect on Bitcoin. It is responsible for lifting Altcoins, suppressing or depressing them. This is mainly because most of the Altcoins are traded for Bitcoin, meaning that you can sell and buy the Altcoins in terms of Bitcoin. Therefore the value of Altcoins tends to follow the prices of Bitcoin. This is in fact the main reason that Bitcoin affects the prices of Altcoins.

You have mentioned all the tips needed for trading or investing in the crypto market successfully. These would be very helpful especially for beginners. But in addition to these tips I think there is one more which I think is very important to remember that never invest more than what you cannot afford to lose. This will make sure that you have some funds to meet your emergency needs. Also leng term investors need to have a lot of patience.

Cryptocurrencies are decentralized which means these are not backed or controlled by any authority or agency. Therefore it doesn’t needs anyone’s approval to operate in the market. But yes, government can restrict its operation by imposing strict rules and regulations for reducing or completely stopping its use. Government decisions have strong impact on the common people therefore the actions for banning crypto currencies bring a fear in the mind of people which can ultimately kill it. But I don’t think so that killing such a wonderful technology would be a wise decision.

Everything has its own advantage and disadvantage, so does the cryptocurrency market. just because of its disadvantages, it does not mean that we should stop believing in it. Losses, panic selling, pumps and dumps are a part of all the investment sectors. These are common natural character traits of the investment market. We should be careful while investing in order to avoid scams. Read the whitepaper careful and search for the team of developers and you will not be a victim to the scams.

Yes, I think Ethereum has a great potential. You can buy it now, as it has a great future ahead. I guess it is the best Altcoin and people are investing in it. Above all, Ethereum is the second top most coin after Bitcoin, having the second highest market capitalization. This is enough to prove that Ethereum has a bright future. You can consider investing in it.

Yes, POW has some limitations like:
1.   It is more time consuming as the participants try to solve mathematical puzzles and verify the transactions.
2.   Investment is more because the participant has to make a lot of trials to find the right solution. Big computational power is required for that
3.   Consumes huge amount of electricity as machines run a very long time.
4.   The machines emit a lot of heat, thus, making the temperature around it warm and hence is not eco-friendly.

Yes, there are many possibilities that Bitcoin could become centralized. This is because the governments are not going accept it to let it operate as it is, that is, decentralized. This would defeat the basic principle of cryptocurrencies. But obviously why government will give the reigns of financial system in the hands of public? This will also ensure lesser price crashes in the price and will increase the confidence of the people while investing in Bitcoin.

With so many new shitcoins coming up every day I think, yes Bitcoin will remain dominant. Bitcoin was the first cryptocurrency to be launched which started the crypto market. Therefore it has the first-mover advantage due to which it enjoys the support and trust of the users. But this doesn’t mean that Bitcoin cannot be replaced, a new Altcoin might come up to replace it but it should be exceeding well in its idea and should be something useful and unique.

I don’t think so that it is compulsory to invest in only such coins that are high in it price. You should see the idea behind the project, the developer team, what solutions it offer, its vision and read the whitepaper carefully. It all is well you can invest in it. but just be careful because nowadays many new Altcoins are coming up which are fake and scam projects,. They can run away with your money. So just be careful while investing in new coins.

You yourself cannot do anything to affect the volatility of crypto. In fact no one can do this on individual basis. The crypto market as a whole is volatile in nature which can correct to some extent if its adoption increases. When the demand of cryptos will increase sufficiently, the volatility may reduce to some extent. But volatility is inseparable from crypto world which can be managed by careful trading and investing.

That’s good amount of knowledge, especially for beginner. I think these are the points where we or investors make mistakes and lose their money. We should never invest more than what we cannot afford to lose. This can even risk the fulfillment of our basic needs. The FOMO and FUD are other concepts that add to our losses. Therefore these should be carefully tackled.

The type of wallet that you should use depends on your investment types and purpose. Hardware wallet is usually preferred when you want to hold huge amount coins. Also if you want to hold coins for long term hardware wallet is preferred as it provides greater security. The disadvantage to hardware wallets is their price. You might pay in the $100 range for a good one. However, transactions are generally free.

Risks are an important part of investments. If you want to earn profit you have to take risk. The general rule is the higher the risk the higher the profit. So if you want to earn high profits you have to take high risk. But this risk should be managed well by the investors. You should diversify your investments and never invest more than what you cannot afford to lose.

There are many ways to promote Bitcoin. You can start this by telling your family, relatives, colleagues and friends about what is Bitcoin, how it works, how you’re earning profit from it. Then try to make purchases in Bitcoin. Where ever you need to make payments ask them if they accept Bitcoin, if they don’t, then explain them about it. Similarly, you can give salaries or wages to your employees in Bitcoin, if you hire some.