The difficulty in educating people about cryptocurrency is that you first have to make people unlearn things. There are a lot of misconceptions about cryptocurrencies and some of this is pretty ingrained into people. I would blame the mainstream media, which parrots the propaganda of banks and governments about Bitcoin. That is why educating people is very difficult.
I don't think people are that negative about cryptocurrencies. Most of the people don't know bitcoin and they are neutral. Yes.I also think that people just need more knowledge and awareness about cryptocurrency since only few of the people in the universe had only come to learn cryptos and majority have not known it.But if educating people about cryptos will be established in some institutions,i think cryptos will receive more acknowledgements compared today. |
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It has been a long bear run since February this year and a lot of coin price has reduced drastically. The only good thing about this bear market is that I have the opportunity to invest in a lot of projects that I missed their ico. Most of them have reduced in price below the ico price which makes it a good investment because once the next bull run comes and the coin price starts to increase, then I would be in profit than the ico investors.
Right.It's also the best time to buy those potential coins who are still in their low prices.The more funds you have,the greater profit you will gain in the next days once you see their prices are already reaching new heights in the market.So i think that would make a crash more profitable if you only seize its opportunity. |
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Too much emotion is the main fact here. Lack of patience and greediness is also responsible for this. Besides over trade, very few practices, trade against the trend, hope for profit daily, can’t find the point when need to stop. Besides everybody needs to make his own strategy. Lack of proper guidance and strategy is also a fact for a newbie.
I agree.Trading with emotions and even trade without basic preparations are the most common mistakes that newbies do.Because they believe that trading will be a means for a quick profit like others often said,so they do things in a rush that made them only lose in the end.Never thinking that trading also needs a deep understanding about its nature before taking into real trading. |
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You can't actually dictate people to quit crypto trading at any point of time because even them can't really decide exactly to quit or continue trading in a losing manner. Despite all of that, they keep on doing it because there are really people who have strong belief that they will have a better trading time struck with luck in the coming days.
You're totally correct because cryptocurrency trading and gambling have almost the same fever. However, very successful trade need to accept debt and every day is not Christmas you know. Yes.Trading and gambling are likely similar but trading can be learned particularly for new beginners to avoid more losses along the way.Unlike gambling that depends more on pure luck.I believe all of us here had experienced losses in trading so it really depends on ourselves already on how we make our trading experiences more profitable in the coming trading days. |
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As bitcoin prices increase, people will focus on technology more. They will help the technology grow stronger. But not only bitcoin, but the altcoin will also increase in price because they are competing with each other.
Although we may say that bitcoins and altcoins are both cryptocurrencies who compete each other when it comes to its investors,but we cannot deny the fact that bitcoin is still leading its way and dominates over other cryptos.So with this,when bitcoin price starts to increase in the market,more likely that in the following days altcoins will be on its way to an upward trend too. |
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I think this might be possible as alt coins are developing day by day and banks might surely take that chance.But we cannot predit the future.Hope to happen this pretty soon.
This is possible when banks are ready for adoptions this kind of system to involve cryptocurrency. Before that many things should consider if this system will implemented. Right.Of course there will be a lot of changes or adjustments if they start accepting altcoins like ripple in banks.I think in the near future banks will learn to adopt cryotocurrency since they want to cope up also with the digital world wherein most of the people particularly the millenials are obviously into digital currencies. |
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because bitcoin system was so protective and people in all country starting investment everyday, it makes bitcoin can survive from extinct
I think bitcoin will be a means of payment in the future because it can simplify all transactions with coverage of the world. However, it is too optimistic to say bitcoin is the primary means of payment, because anyway paper or fiat will remain the main ones. Yes.Bitcoin cannot compete totally from fiat currency since majority of the people in the world are still into using fiat.But looking bitcoin's advantages,having the first decentralized currency and the most efficient,fast and trusted digital currency by the people,then hopefully it will considered a global currency in the future. |
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So far, the market is falling. The bearish market may go on for some time and I think it is likely that the price of Bitcoin may drop for a while to $ 5000. Now I think that you still should keep and not sell their coins. In the near future I think we will see a bullish market.
Hopefully the bull run will start soon so that we can see our crypto investments soar high again.I think you better hold your coins at the moment because if you sell it now,you will only lose your investment.And it really won't help selling at this moment because the market is so down and bloody. |
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Again I saw the market drop in exchange rates rapidly. This makes the price of the altcoins also decrease. The current cryptocurrency market is heavily influenced by third parties as well as stock market rates. But I still hope for the pump of cryptocurrency in the next 3 years.
Even in few months we can already see a pump in the market price.So we should not lost hope despite all the bad things that are happening right now.People who are most likely to wait with patience are those who often get success in the end. |
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We do not know when the exchange will increase in MARKET, many are afraid to invest. because they might beat us what we should do. they do not want to sell because they are low. Those who want to buy a token do not want to sell because of low fat.  Yes it is! The price is dipping too much in the market. Even though the price is too low, it is a blessing to others wherein they can buy some altcoins or bitcoin for an affordable price. No one says when the price will increase because crypro currency is a digital no one is controlling. Agreed.So we just have to stay positive all the time.And grab the chance today to buy more potential coins that will surely give us a decent amount of profits in due time.Yes we cannot predict what will happen with the market in the next days but one thing for sure,this dropdown of price is just temporary and we'll see good price increase in the next months. |
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With so many new cryptos coming out, what are your tips and tricks to find them?
I assume you're asking about how to find best new crypto on ICO level. well, you should be active on this forum and telegram group that discussed Altcoin, for the ICO phase you should wait and see for the ICO to reach at least softcap phase and you free to go on investing. Yes.We can find easily new cryptos if we are just active in the market but it's hard to trace which coins that will surely grow in time and will give you much profit.So with this,you can check different ICOs projects and check those coins who have reached atleast their softcaps and then choose which coin to invest. |
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One thing i have noticed about ICO when they eventually get listed on exchange is that, bounty hunters that are paid tokens also help to increase the volume traded and will help to create more awareness for the project. So, it is not just about paying for bounty hunter's services for promoting the project, but also for helping in the growth of the project after listing. That is why developers will not stop bounty hunters from dumping.
Yes.ICOs are promoting their own projects through the help of bounty hunters.So if the bounty will come to an end,most ICOs prefer their own tokens to be paid to bounty hunters for a more promotion and for that,they will surely benefit from it.With this,through paying with their own tokens,a particular project will be more exposed and will surely grow depending on the value of their tokens being given. |
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To have the maximum benefit from altcoins, you have to do four basic things:
1. Buy good coins, with good tech.
2. Be a long term holder.
3. Sell when the price is high enough.
4. Buy when low and repeat the cycle.
Yes.It's always been the basic things to do just like in bitcoin.You should choose altcoins that already have their own potentials and will surely grow in time.Hold them after a long period of time and when you see the price is gaining higher rate of increase,then it would be the best time to sell to gain huge profit of course. |
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I think they have a distinct role. Bitcoin become an asset for people who want to store their money (like gold in real life). ETH is a blockchain to develop dapp with its smart contract, and it will also grow overtime.
Right.I believe they have their own potentials to possess and they both grow as time goes by.Maybe by today bitcoin is still the leading cryptocurrency and became most popular by the people but things may change in the coming years.Ethereum is already gaining its own popularity and people are also starting to recognize its value. |
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I think so but not all altcoin, maybe just few coin like ETH which can do that, even there is too much Alt and many investor will confuse to choose coin for their investment. BTW, I more like that BTC which will rocket, so Alt will rocket too due to BTC.
I also think that some good potential altcoins will soon to rise in value after 2 years.It's quite a long time already and i suppose a lot of changes in crypto world will happen it may be positive or negative ones.Hopefully it will make altcoins market more progress and the price will also go to the moon. |
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It's always the law of supply and demand. If the demand is high then the coin price is high if it's low then the coin price is low. There are so many factors affecting the demand. May it be the news, development of the project and some other factors affecting the decision of the buyer/seller.
Yes.And since crypto from the start has more volatility,we cannot expect the price to be stable or always on top.Fluctuations happen everytime its law and supply varies.And once the demand become less,its price will automatically fall,but once its demand are getting higher,its market price will also follow. |
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I think if you want to get a profit then you have to hold it and altcoin will definitely have a higher price again when bitcoin prices will also increase, so you should hold and be patient
It's more profitable to hold them both,bitcoins and altcoins because they will surely grow in time.I believe there are really some good potential altcoins out there,we just have to be more cautious in choosing which coin to invest so that we will not waste our time in holding shitcoins,just those real potential coins. |
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Not all coins get dumped when reached exchanges. My friend had regret when she sold the full amount of her bounty token. When listed in exchanges suddenly got a lower price but partnerships came to that project and it gradually increase up to now. She had learned, she saw the potential of the project to increase its value, next time she will patiently wait or hold and will not sell the whole amount. Communication and peace of mind is important.
Our own mistakes will really give us good lesson so save it for the next time around.Holding demands more patience and understanding about the nature of crypto,so if you have potential coins to hold,learn to love them for longer investment.In time they will also give you good returns.Just hold them patiently and as much as possible,stay away from panic selling because it will only cause you more losses. |
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When xyo token distribute for bounty hunters?
I have seen some similar questions with this question, and there is no answer here. I think you need to be patient, they will determine the appropriate time and official announcement to you. They already said that we have to wait for the formal announcement, since there is no announcement yet, we cannot do anything but wait. If we trust this project and we trust the team running it, we can always wait for the right time until they decide to distribute. |
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I think there is nocoin that can surpass the existence of Bitcoin because Bitcoin is the beginning of crypto. It is so fantastic and some the big investors are already trusting their assets for Bitcoin. Maybe ETH is now very popular because of their platform but it doesn't mean ETH can go beyond Bitcoin but maybe from ETH technology can be overtake Bitcoin.
We are talking about the future here so I would be realistic because ETH has a good technology and it's the first in smart contract. It's popular now for a reason and that popularity will help to attract people to invest in this coin. |
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