I think you are right. With IEOs holding on large exchanges, this my happen that people or investors look at the exchanges only and not to projects. But I think, when holding IEOS of any projects, such exchanges will also have more responsibility towards its users. Because the trust is actully getting passed on to projects via exchanges. Exchanges must have some specific criteria to hold the IEO of the project. Its exchanges responsibility to check legitness of the project. If something goes wrong, it may also impact to the exchange and thus reputation can go down. Surely, exchanges dont want this situation so I am sure they are checking all the aspects before holding any IEOs. With base of these points, I think one can trust the projects based on the exchanges holding the IEO. Atleast we can be sure with top exchanges about this.
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Yes, this is possible that ethereum can drop to $240. Not today but within 2-3 days. Or it may even go below $200. When I am writing this, the price of ETH is around $256. At the momnet, even though markets are in green and continuing towards upside, there is no strong situation which will keep sustain this cryptocurrency market. In normal scenario when there are no market movers, market is like oscillator. We should just check when to enter and when to exit. THis is only for short term trading. For long term holders, there is no need to check market everyday or every week, but to accumulate more or to average the investment when market goes downwards. In the near future(until December 2019), if there is no bad news, ETH may touch $500.
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With the upcoming Bitcoin halving reward in 2020, the coin reward will be decreased from 12.5 to 6.25 coins. Since the block size(for halving rewards) is same, every 210,000 block, and competition is very high due to consistently increasing miners, it's becoming less profitable year and year. Also the resource requirements like power consumption are very high, only big players can achieve it. To get mining more profitable, we need to look for more solutions for example, to enable mining with low performance resourecs.multivac is achieving this. Due to all dimensional Sharding technique and high throughput, mining can be done from our normal pc. Another solution to make mining more profitable is to use less costly systems which can fulfil the desired power requirements which can achieve mining with more efficiency. DAGO- mining's ecosystem is using solar energy to produce the power and it's energy storage systems makes mining possible 24/7. Hope in future, more such ecosystem's will be available to make the mining more and more profitable.
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Exchanges or wallets, news are coming from everywhere and very often about hacking and getting cryptocurrencies stolen. I think its time to apply diversification on exchanges and wallets also. Keeping our investment in different exchanges and walltes can at least minimize the losses. But managing different echanges and wallets is not so feasible option. We have to do it anyhow. Another well known solution is to store in hardware wallets. If our investment is worth more than the price of harware wallet, this is the best solution. Few days ago, I just came across one of the new project called Inzura which is with new concept of "Insurance of cryptocurrencies". I think we need more such concepts in the market to avoid the situation along with regulations.
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I think it dpends on the situation. Why you want to sell BNB? Even if you want to sell, I think you should sell half or your holdings. I think , for long term, we should hold BNB. There is lot more to come in coming years. I see a bright future for BNB due to dominance of Binance over other exchanges. If you sell, when BNB will be in downtrend, accumulate more to increase the investment. At the moment binance is having huge customer base which is around 313,000 users. In near future, I see Binance will hold its number one position which in turn, will increase the price of BNB.
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I think yes, but its not that easy as it was like few years ago. Future cant be predicted by anyone. I remember seeing bitcoin ad few years ago when the price was few bucks only. But not knowing in detail about it(awareness was not spread much that time like we know now), I ingored it. This is the time, we should invest in genuine projects and keep our investments for long term duration. Whenever market goes in red, we always have opportunity to invest more. Also one thing to remember that even though, it seems to be good way to get profits, but its not the only way. We should never invest more than 50% or our savings.
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I just overlooked this project when it came for bounty campaigns. I somewhat regret it now. I havent gone through the project details, but if Binance has announced its token sale on their platform, means there is some potential in this project. There are certainly some norms or criteria for any project to have their tokensale on Binance. Also, atleast some responsibility will be there for Binance to keep confidence of its users.With around huge user database of around 313,000 users, this project will defenetely grab more funds for sure.
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We have to take ride of this bull run. There was an opportunity(or may be still available) to accumulate more.As per the market capitalization, Etherium is maintaining its second position. If everything goes well, I see etherium price to $500 until december. For long run, it may go again to $1500. At the moment, on dips, we need to accumulate more. Also we always need to maintain our positions as long as possible. Since in many worst cas scenarios, etherium has proved itself, I see a very good future for it with is coming upgrades.
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Even though there is much more attention to Bitcoin at the moment since its still leading entire cryptocurency market, I still see Etherium as leading platform when its comes for large scale Dapps to build their ecosystem with blockchain technology. For small scale applications also its easier for project to build their projects. As per the market capitalization, Etherium is maintaining its second position. If everything goes well, I see etherium price to $500 until december. For long run, it may go again to $1500. At the moment, on dips, we need to accumulate more.
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I still see Etherium as leading platform when its comes for large scale Dapps to build their ecosystem with blockchain technology. For small scale applications also its easier for project to build their projects. Yet, lot more to offer from Enigma to dapps.Enigma token has great feature.Nodes on the network can store these tokens which helps maintain the CPU power and performing the computations. The ecosystems has been created by the team of Massachusetts Institute of Technology graduates and researchers. Enigma is mainly looking after privacy factor in blockchain technology. The projects which are mainly looking after privacy factor can consider enigma as the favorite platform. Lets see how it goes in future.
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Definitely there is hope. I would say rather, there is a guarantee that with long term investment, holders will get more benefits than trading. Again BTC has moved towards the 5K mark. When it was 3K and who have accumulated more, are not in good profit. This is the strategy we should follow. With every bigger dip, we must buy more and accumulate. With this our investment will be on average if the market goes down and in positive mode if the market moves up. Definitely, long term holder will win. At least more than that of traders
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I think you are right. But at the moment in 2019, the situation is very different. There are two things with today's projects with airdrop. First thing is that still I feel or the current situation is that airdrop is worthless. Why? Because by doing some social media tasks at the beginning of the project, the distribution actually comes when ICO/IEO ends and then after one or two months they release the rewards. Its too much waiting. If it's just one project, it is simple. But with the airdrop of multiple projects, it's very difficult to keep track of it. Also after listing, most of the coins deep dive more than 50%, so our few coins from airdrop are not that much worthy. Second thing is that, scam projects. It's very difficult to identify good projects. With the scam project's airdrop, we nearly don't get anything.
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