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All the coins are good which you have mentioned. BTC and ETH have high potential. You can consider that. Their current prices are quite low which are bound to rise. So these will be profitable. I will also like to suggest you that you should try to diversify your investments instead of investing in one single currency. This will reduce your chances of losing.
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There are many ways to get cryptocurrencies. First, the obvious one that you can buy it from any exchange. Second, participate in a bounty campaign and earn coins. You can also join airdrops to get some free coins. The last one is mining. You can earn Bitcoins through Bitcoin mining, but for this you’ll need large computer systems with continuous supply of electricity.
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I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?
Yes the prices of Altcoins tend to follow Bitcoin. This is mostly due to Altcoin/Bitcoin pairing being traded. Every major exchange offers BTC trading pairs. Because BTC is the top coin being traded for other alts in terms of market cap, volume, and general popularity, it is thus at the center of the crypto economy and has some gravity behind it. Therefore, the prices of Altcoins mostly follow Bitcoin’s prices. |
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What is the impact of bitcoin in a country's financial stability?
The digital currencies such as Bitcoin may not pose major concerns at their current levels of use, more serious financial stability issues may result if they achieve wide-scale usage. Many countries of the world have this opinion. But the reality is that Bitcoin helps the individuals to earn more and thus spend more. This brings more money in circulation which is actually good for the economy. |
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Bitcoin has solved many problems. The most important is it helps the people to earn to fulfill their financial needs. Bitcoin provides an open secure and fast way of transferring the money. You don’t need any governmental permission. It is a new way for people in countries such as Saudi Arabia, Syria, China or North Korea to make an international secured transaction. International Bitcoin transactions are much faster and cheaper than the regular ones.
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According to me top 5 ICOs are
• NEX
• Alax
• Cardstack
• The Telegram TON ICO
• Cointed ICO
You should see for yourself which ICO is best according to their marketing and technology. According to me these are the best possible ICOs destined for widespread attention from the users.
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There are a lot of scams in crypto world now days. Bounty projects are not an exception to this. So one should be careful while choosing bounty projects. Firstly, read the white paper properly and check the workability of the project. Then look at the background team who deals with the project and the conditions of the campaign. Then check the ratings of the ICO and their reviews.
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is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz   There are many reasons responsible for the ban of cryptocurrencies. First being, the anonymous nature of cryptocurrencies enables it to be used for illegal purposes like purchase and sale of prohibited weapons or drugs and terrorism and money laundering activities. Bitcoins are self-governed and decentralized. This will make monitoring by government impossible which puts a great threat to the government authorities. |
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I was wondering which one was your favorite out of the two cryptocurrencies? I think Ethereum has proved to be more flexible than Bitcoin even though Bitcoin is making the biggest noise
I prefer Bitcoin over Ethereum as it is the market leader. Bitcoin is more profitable and has bigger trading volume. The number of transactions, infrastructure and adoption of Bitcoin is also high. Since Bitcoin has more acceptability as a currency so it can use as payment option. But for portfolio diversification I hold some amount of Ethereum too. |
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Yes, your understanding on the concept of loss in trading is right. When you sell your investments at a price lower than at what you bought it, you bear loss. And when you buy it at a higher price and the price falls on the next days, it means your investments are in loss, but you will not lose anything unless you sell it. So you should wait for the price to rise and then sell your investments.
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Yes, day trading is not for everyone. It cannot and should not be done by the unskilled people. It requires plenty of time to be invested along with your amount also. As you have to constantly keep your eye on the prices and study the charts and graphs carefully. Luck also plays a great role in day trading as your earning capacity depends on whether the prices move as you expected them to move or not.
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It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?
The demand of Bitcoin is very high as compared to other cryptocurrencies which makes its price high. Bitcoin was the first cryptocurrency which was launched and has been alive since then. Therefore it enjoys the faith of investors. The supply of Bitcoins is also limited to 21 million Bitcoin which further adds to the price of Bitcoin. Also, Bitcoin is gaining popularity as alternative payment mode among today's youth so its price is inc day by day. |
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
The countries which are banning Bitcoin probably don’t want to lose their control on the financial system of the country. Bitcoin is a decentralized concept which completes the transactions directly between the parties without the involvement of any third party. This is a threat to the existence of banks. Also, it would be difficult for the governments to claim taxes from the people. |
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