Of course everybody dream to be a rich man, nobody want to become a poor man, if all people has the same wealth with you it's mean that you are not rich, the dream of becoming rich person is a strong motivation for people to do their best and you can get a lot of privelege if you are a rich man
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For me ETH and litecoin is the most promising because there are investors claimed want to build a project using those coins, but it is really hard to say whether it is promising or not because alt coin is very hard to speculate,one day the price is good the next day people will get rid of it
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I split my coin into 2 purpose one for investment and one for trading, for investment I will hold it for as long as possible but if for trading I usually will sell after I analyze the chart, if the movement is still good I won't sell it, but if the movement is not good I will sell it as long as I don't lose any money, so I don't really using percentage now, it is hard to predict the price and I don't want to get greedy by using percentage for profit
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I think 1 bitcoin is too little for your retirement plan, we still don't know what will be the price for the next 20 years, I think the most suitable amount for retire is 100 btc, but saving bitcoin as retirement fund is a bit dilemma, we still have no idea what will be the value of bitcoin in next 20 years it could be very expensive or very cheap and hopefully bitcoin still exist in the next 20 years
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I don't think so, bitcoin is not really untraceable so it got the same risk to purchase illegal things with USD, and not all people want to accept bitcoin, and not all people familiar with bitcoin and purchasing things from internet is not really safe because it can be traced
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Investing in bitcoin is a risky things, I don't really suggest a newbie to start investing because there are a lot of scammed sites and the profit is not too good, but if you still want to invest, invest in casino or just hold tight your bitcoin, holding bitcoin is one of the safest investment for newbie, after you got more experience you can start to do research about the investing things by looking the sites information and asking people's experience, investing is more suitable if you already understand a little bit about bitcoin
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When the amount I send was low and not important I will send it using low or normal fee, other than that usually I used a high fee eventhough it is expensive but I am an anxious person, I can't sleep and will keep on checking if my transaction is not confirmed yet
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Both of them is good but I prefer to do trading the profit from trading is better once you know how to trade and it will get better with experience, investing is good if you know where to invest, it is hard to find a legit investment place, and the profit usually is small but you don't need to do anything and it don't require any skill
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The most annoyed thing is when I want to press the buy button the price already change and I need to buy it at higher price, when I was a beginner I thought that sell price and buy price only got a little gap, and after I bought I found out that the coin got a huge gap and finally I lost money because of the gap is too huge
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It is better to trade the coin that in top 10 if you don't have any experience or try to trade in small amount, trading alt coins is a bit tricky because the price is very unstable and the falling and rising is very fast and sometimes you need to wait for a long time, I suggest ETH or litecoin to trade, if you trade infamous coins maybe you need to wait for a very long time and sometimes you can lose all of your money
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I don't think Doge is the future of alt coin, it has been a while since doge was created and yet it has failed to become top 10 coin, because doge not offering anything special, and people prefer to invest in ETH, so the potential of doge become big is really small and now the reputation of doge is decreasing
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Because the price is keep on rising so it is a great option to hold, most of the user used bitcoin as investment, and of course we want our investment to keep on growing, but if you are in need of money then you can spend it, that is the purpose of having an investment, you can't hold your bitcoin forever without spending
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Yes it is true that everyone can create their own coin, but will the coin as successful as bitcoin? Bitcoin can become successful because there are demands and supply, there are people agree that bitcoin can be used for payment token, if you create your own coin and it is not being accepted then your coin doesn't has any values, so that is the reason there are alt coins with no value, as long as people can do transaction with bitcoin then bitcoin won't die
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Social media is one of the greatest way to advertise, that is why there are many new bitcoin project using social media as the way to advertise, and I think it is a great way to introduce bitcoin, but one of the weakness is the one that going to see your ads is the one that you know, we need something that can be spread to all people in the world
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To buy an alt coin it need so many research, you need to know what is the purpose of the coin being created, search for the coin developer background, and see what is their next aim or next project, see the enthusiastic from investor from forums, if you feel satisfied then you can invest in that coin, do your research before invest don't just follow what people said
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I think it is too soon to make that decision, and I haven't see any store that start to accept ETH, and then if you asked people to choose ETH and bitcoin, more people will choose bitcoin, so I believe ETH have a bright future but it won't be replacing bitcoin
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I think you need to be more patience in trading, alt coin trade need a lot of patience and good analysis skill, because alt coin is not too popular so the transaction flow is not too big so sometimes it can drop really fast
I will suggest you to continue to trade make this as a lesson and then trade again, trading is a very profitable if you already know how to trade, and now is a great time to trade because there are a lot of pump and dump
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The most important thing in creating crypto coin is how you are going to attract people to used your coin, if the coin that created by the Russia government only rotate among its citizens then it will be the same function as fiat, and if it wants to become a global currency, it need to attract people to used it, and most of the people will choose bitcoin rather than other coin, some country already try to make the similar thing but they are failed, because the users prefer the coin that is free from control
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Yes indeed, something feel fishy, suddenly all of the price of alt coins is keep on rising without any clear background, I know there are a lot of investors enthusiastic in investing alt coins but the rising is way too high, I think one day the bubbles will pop and there will be a huge falling
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It depends on how you handle the volatility, for the one that invest in bitcoin the volatility seems so annoying, but for the trader volatility is good because it can make the traders earn money, and I know that there are a lot of new coin that got better feature than bitcoin but the investor is more believe in bitcoin and bitcoin has been adopted in many country, so in order to replace bitcoin you need a lot of users and that coin need to be implemented in different sectors in all countries
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