This a good advice for those of us who have not panicked dumped their altcoins because of the present market condition. I agree with the poster that we should hold for a longer period for high profitablity.
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I agree with Tim Draper assertion that all time is good to enter cryptocurrency investment, but this is only applies when the investors tends to hold for a very long time. But when you are considering a short term investment, the approach won't be feasible. So in short time investment, it's better one buys the dippest dip.
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Except of course those 2 whales have a holding of 8% of the amount of bitcoin in circulation. That's how I see them manipulating the price effectively. If not, I do not think it is possible for just 2 whales to manipulate bitcoin price successfully.
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Nowadays it's a normal thing in Cryptocurrency space to see projects already trading doing Post ico bounty. So I think even if Ico die today , bounty campaign will not die . Bounty will exist as far as Cryptocurrency exists. Market generally is instable and this could be attributed to why hunters seem not to be making reasonable Money from bounties.
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Personally, I prefer investing more considering that the prices of assets are relatively cheap and affordable now. I would only sell if I needed cash urgently. Like my friend sold some of his holdings because of the Yuletide. So many bills to sort out. But for those of us who are not cash trapped should do invest more.
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Anyone who has been in crypto for sometime now would understand that investors /traders do cash out for obvious reasons.There are bills to pay and other things necessary for the successful celebration of the Yuletide season. This singular reason could be attributed to why there are price tank . Hopefully, this phase will pass and give way for bull run.
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I think the best time to buy is now considering that the prices of the coins are relatively very low and affordable. So buy and hold for a longer period of time for high return on investment.
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First of you there is the need to carry out some form of research before committing your funds into any investment . Aside bitcoin, there are many other good coins you can invest on for long term holding. Coins like ripple, etheruem, ont, bitcoincash etc
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1 Bitcoin a year is approximately less than $5000 presently and it's too small for any serious committed bounty Hunter in a year. I joined bounty hunting May 2018 and so far I have earned over 1 Bitcoin , even though that the market has been in bad shape.
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Mistakes that poor people make in Cryptocurrency is not getting acquainted with the workings of the cryptocurrency market and instead prefer fomoing and getting burnt. Again, by not making use of big investment opportunities like the rich. Being greedy also makes poor remain poor. Impatience is another major factor that contributes to the poor remaining poor in Cryptocurrency.
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Yes. I agree completely with your assertion that bull run will always happen irrespective of what the situation is right now. The volatility nature of Cryptocurrency made it so. Price swinging both way is what make Cryptocurrency Cryptocurrency.
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Panic selling is the worst form of dumping. I am a victim , it's very frustrating and painful to know that the coin you panic sold for $5 turns reaches $20 within 18hours of you selling yours . No greater pain than that feeling of exersperation.
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The only way through which your bitcoin can be stolen aside from exchanges is through having access to your wallet. Reason we should guard our wallets jealously because once you asset is stolen there is no way of recovering it . Bitcoin is decentralized structure and so there is no body organization one can complain to.
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I do not think government have the capability of outrightly sanctioning bitcoin. The reason why I arrived at that thought process is that bitcoin is decentralized structure devoid of any government control or under any regulatory body, so sanctioning it outrightly would be difficult.
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Absolutely not. Bitcoin was created as a decentralized virtual currency. So I do not think it would ever exist as a Fiat currency as that would defeat totally the purpose dlfor which it was created.
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I have been hearing people who know nothing about bitcoin sinf that song all the time. I nearly didn't want to join the cryptocurrency market because of that. People who are clearly ignorant of what bitcoin is , keeps talking stuff that are senseless at best which a kind of discourages potential investors.
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Government's forbidding of cryptocurrency will ?ake for redundant business strategies which will stunt the progress rather the socioeconomic development of otherwise of such a country.
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