Personally I like day to day trading instead of waiting for months, or years for a coin to increase in price and sell it. In fact, holding is like dreaming to buy a big house and a car without taking action towards that direction. You must be sure that there is not a good time to sell or buy in the market of cryptocurrency. Day-to-day trading will give you more benefits.
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I do not think Dogecoin is a good investment coin as it has infinite supply of coins and it has not been doing well in the market since it was launched to the market. But on the other hand, it has been said that the coin was created as a joke coin and later it developed its own online community later. Now I think any coin 'unusual' like dogecoin may get rise over time as the people get attracted due to its unusual nature. So holding it may bring you good benefits.
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Every project has their own rules and strategies. So it operates according to these set rules and strategies. As far as bad crypto situation, crypto market will have not very much good situation nor bad. It is volatile and as a result, it has relatively good and bad situation. For instance, if we call it a good situation when bitcoin reached $ 20000, now bitcoin raised around $ 1000 than some days ago. What is this situation called? This is also relatively good situation. So if you wait for good situation for coin listing on exchanges, it will never come.
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Authorities should take steps to discourage and stop scammers at the earliest. The sooner scammers are caught and booked, the better cryptocurrency world will become. Scammers are tainting cryptocurrency market, making investors think twice to invest. Institutional investors are still afraid of investing. So action should be taken against scammers. Strict regulations should be in place.
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If you invest your money in a project without research. You may not only suffer loss, but you may be cheated by scammers. The market has more scammers who are placing their traps to rob potential investors. The market is being affected by such scammers. So it is very much crucial to remain on the alert before investing. And crypto knowledge is very much essential for newcomers.
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I got some 400 MTC coins from telegram bounty. MTC was and is a good project and this is the first time that I got such huge amount of tokens from telegram bounty. It hit over $0.40 just after hitting exchanges. But unfortunately, its prices declined the same way it raised. Still the project is doing its best to do the better. It is giving away some portion of coins to its holders as it promised beforehand. The management is doing its best to make the project a success.
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I also side with you on this subject. People keep saying that new coins are always bad and old and established coins are the best investment opportunity. There are many good new coins out there in the market with much potentiality and much to offer. And many new promising coins are coming in the market. So I want to ask my friends not to see all the coins from the same point o view. Just review it and see its whitepaper. New coins have also good things to offer.
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So far ethereum and bitcoin are the king coins that are dominating the market. But it does not mean that only the coins are good investment and here are not other coins that have much potentiality. Long term investment in the two coins will provide you with many returns on your investment. But there are also other coins, new or established ones, that are rising with good features and much to offer. Among them are BNB, MTC, KuCoin shares, OmiseGo, tron.
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The market has so many coins, new or old ones. Already established coins are somehow stable coins. These established coins are almost stable when it comes to their prices. But new coins are always unstable in price. Right after hitting the market, they have higher chances for their price to increase. If you get it right time, you can earn enough money. But one fact is that these coins are not for long term. Day to day trading is good when it comes to trading new coins.
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I have not used this exchange so far. But as far as I have a knowledge about it, the exchange is reputed and a good exchange. After suffering a hack some months ago, it was shut down for some period. However, it opened again recently. There maybe some technical reasons or others that the exchange is suffering and due to this reasons, there maybe problems withdrawing or depositing. The exchange is good, according to reports.
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I think bullish trend is so much strong this time around and it will last longer as compared to the past. As predicted by crypto pundits, the year of 2019 has set in with much prospect and good promises to offer. It seems the world is advancing to embrace cryptocurrency. There are much developments in the area of cryptocurrency. Various business hubs and other sectors are accepting payments in cryptocurrencies.
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Yes I am dreaming of issuing my own coin that would make change in the lives of the people of the world. At some point of time, I would launch my own coin and the entire world would use it for many purposes. The coin I would launch would surpass even bitcoin and no coin would be there to beat my own coin. The name of my coin would be Sagarmatha (Mount Everest), the highest peak of the world.
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There are many frauds always on the look out to deceive bounty hunters and investors. So it will be a wise idea to research first before jumping into a crypto train. I have also heard another exchange BiteBTC cheating investors. It has already scammed many investors of millions of rupees, according to the victims. But is is still running. Authorities should do needful to take action against such scammers.
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Enough is enough. Scammers are openly fleecing traders and bounty hunters. But no authorities are bothered so far. Scammers are affecting the whole crypto market. As a result of this, many people are still afraid of involving and investing in it. If people lose their faith in it, there will be nothing left of it. So it is high time authorities should act to control and book scammers.
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100 percent agreed. Hodl, hodl, hodl until the coins you have been holding increase in price to the level that cross your purchasing point. People cannot control their emotion and do worry when their coins decrease in price. One should understand the thing that the crypto market is volatile and it is natural phenomena for cryptocurrency to go up and down in price from time to time. So do not worry, the market is down today and will go up tomorrow. So stay calm and trade smartly.
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You are right partly. It maybe right that a single people have multiple accounts. But they are not the sole responsible for the dump of coins after hitting exchanges. What a project needs to grow is its team, technology and goals. If a project is good itself, it will grow no matter bounty hunters sell off their rewards or not. There are many coins that have increased irrespective of bounty hunters clearing their holdings.
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My last bounty that gave me a handsome profit is Me token, which is listed on Coinall exchange. The project distributed my share of bounty tokens right after its ICO was completed around one year. But it recently got listed on the exchange. It is doing well in the market and is giving me good profit. But I confess here that not all project are like this one. Some of them meybe fake ones.
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The problem starts arising just when you start treating cryprocurrecy as a full time job. Start taking it as a part time job and engage in your other jobs with much focus. If you want to invest in cryptocurrency or involve in bounty campaigns, you can do it only by saving some time for it. Start with low investment. Do invest the amount you can afford. You just always treat cryptocurrency just as temporary job.
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Yes it is high time to discourage and eliminate scammers from the market. They are scammers who are damaging the glory of cryptocurrency, thus distracting investors or even institutional investors. We all should unite against this frauds. Crypto experts and rating agencies should also stop giving good rate to fake projects. Likewise, regulations should also take in place.
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I agree with you that many of ICOs are dead and have already disappeared from the market, according to reports. But it does not mean that all ICOs are bad. There are still good projects hitting the market or on the waiting list. Even now ICOs are transformed into STOs and IEOs aimed to give customers more investment security. You can find good and promising STOs and IEOs by searching in the google.
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