WEEK#7 (10/06-16/06)

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It's a very delicate venture investing in cryptocurrency. It's something one should be careful about and make a dedicated effort to research well before going into it. Most people just hear of successes made by others in crypto and because of that, they feel its an easy stuff and just dive into it.
One thing I can say is that cryptocurrency is a business for the strong in heart and determined. Also, patience, much of it is required when treading the part of cryptocurrency. Its best to start small, at least with established projects, Bitcoin and Ethereum before moving to upcoming projects like Veil, Harmony, etc.
Like I earlier said, research is of uttermost importance when choosing to invest in cryptocurrency.

I bought altcoins a while back. Example coins such as waves and powerledger.  I also have bitcoin cash from the fork etc. 


I bought altcoins back then thinking hey if btc goes up, altcoins will go up more.  Of all the altcoins i ever bought, not one altcoin I have is higher than the current price i bought it at.  Every coin i bought whether it was the huge bull run or before it, such as waves, I'm down money.  Well technically not down as most of these coins, i just hold.  I did sell some though.  The only coin i did buy that is up now is litecoin... but i have none of that now because i sold those a while back.  That's right the one altcoin i sold would be in profit now. 


Also if you look at the prices with bitcoin, its like many of the altcoins i hold, they are not even going up compared to bitcoin at all.  They are either same price or dropping.  Does anyone here think its best to sell all your altcoins for btc?  I heard tons of things about waves.  Yet nothing happening to the price except going down.


Also when i say altcoins, i know it means every other coin but bitcoin.  But i mean specifically like those altcoins that are not in the top 20.  I mean when you look at ETH, bitcoin cash, litecoin, i think these are legit as prices correlate to btc price.  But if you look at those altcoins especially that is not in top 50 for example, many prices have dropped.  I bought coins where price is still down 90% or so.


Now if you say yes, what about bitcoin cash?  Or say bitcoin sv or bitcoin gold? 


Because the more i think about it, if cryptocurrency goes up very high, well it seems like there's only a few coins only that could do that?  Thus bitcoin, litecoin, eth, bitcoin cash, dash, monero or say bitcoin sv?  I heard ripple is centralized so can't imagine it being the standard.  I mean if there were only 3 coins left... what would that list have to be?  I would figure its bitcoin, bitcoin cash and litecoin.  If i had to include a few more, probably ETH and Dash.


I back then also wanted to get coins like funfair, edgeless and a few other altcoins.  But now when i look at it, isn't it basically throwing money away?  I think if i were to buy more crypto now, the only coin i would buy is bitcoin, litecoin or bitcoin cash.  Maybe dash and monero. .


Thoughts on all of this?

Hello, all we know that Facebook is starting to launch the libra coin, is it possible to be traded on an exchange like other stable coins?

You saw this potential coin last week. The price was rising, you made up your mind to buy later so you created a thread here with the subject "is it a good time to buy?". 3 days ago, you checked up on the coin again and it has increased by 20%, you were still doubting if its the right time to buy. Today the coin has increased by 50% of the initial price you saw and you are getting more confused. My friend take this from me, in crypto, it always now or never. Happy trading to you all!

Excluding the fact that bear market is good for those who wants to invest in coins ,buy at cheaper rate with more quantity ,Many hate bear market because there coins lose value but here are some facts you should know

The delays from ICO projects either bounty rewards or getting listed on exchanges are mostly because of market condition ,all these projects are hoping for a better market surge so has to make higher profits just like 2017 ,either the project  has funds or not ,softcap or hardcap raised successful there will still be some delays, you will even see projects putting locks on bounty rewards ,some for six months or more.

If bitcoin hits 30k tomorrow and ETH turned over 1500$ you will see all this projects rushing to exchanges ,releasing locked tokens ,no matter how bad the project is, it will still be profitable,this makes me feel that all this projects have nothing to offer ,they are here for gains ,some short gains and others long term huge gains.

THE FACT IS BEAR MARKET GIVE BIRTH TO VERY GOOD PROJECTS WHETHER YOU LIKE IT OR NOT ,KUDOS TO ALL THE PROJECTS THAT GOT RELEASED IN BEAR MARKET AND STILL CONTINUE WITH THERE ROADMAP AND GET LISTED WITH NO DELAY,IT MEANS THEY MEAN BUSINESS, it means they are here to deliver at best ,market condition doesn't worry them and they believe that there working product will do the rest.

Ive read conflicting news concerning the upcoming facebook coin.  Ive read the project was called Libra and ive also read that the coin will be called Libra. Ive also read that the coin is going to be called globalcoin but there is already a globalcoin (GBC) created in 2012.  Wonder what the algo is going to be fore their new coin (whatever its name is) and is it going to be minable by GPU, CPU and Asic? 

Facebook's cryptocurrency is highly anticipated in the crypto community to be one thing that helps increase mass adoption. With the help of Visa, Mastercard, Uber and PayPal, this can finally become a reality.

Reports surfaced earlier this week by the Wall Street Journal that social networks had signed more than a dozen companies to support crypto currencies, stablecoin which had been developed in secret for more than six months. Each of these new supporters will invest around $ 10 million in the project as part of a consortium that regulates cryptocurrency.

In addition, the report said that Booking.com, Stripe, and MercadoLibre were three other companies that were part of this project but there was no one to determine their role to date.

Facebook has revealed that it was GlobalCoin last December, although the company has suggested that they are looking at cryptocurrency as far back as 2017.

Video call for kyc verification?? Is it possible? Do you think it is the best way , rather than uploading your documents for kyc verification process? Most bounty campaigns and ICOs nowadays required a kyc.

If video call for Kyc verification is possible, what is the best and secure app to you use for video call

I am determined to buy FB coin Libra even though it is not available yet. I hope it is available on exchanges where i can buy easily.

Will it be a threat to BTC and other altcoins? I am afraid that the prices of BTC and other altcoins will go down. It makes me hesitate to buy some currencies like TRX currently.