I don't think bear market is bad because we have seen many time that when the best market occurs most of the big traders do some research and get their coins and find their positions from where the coins go up and the traders book many profit .
That's true it's actually a door that opens an opportunity for people to buy coins with good potential at a much lower price and this is what whales are doing right now, wait for the price to go down, buy huge amount and sell to bring the price down in the bull season, bear season are whales playground. We should always be very active in the market because sudden drops will always help us to grab the low valued coins, so there is always room for the coin to increase their price when the market bounces back. We should also be very careful with some coin which they might dump very quickly, I hope the market situation is completely bad. As a matter of fact, the best time to buy a good coin is during the bear market. 2018 was a great year of dip and experienced investors cashed out. Buying ltc, xrp, xtz, bch were all money multipliers for those who took the opportunity. 2019 was the year of IEOs and It paid well while it trended too |
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I'm not asking recap on what's happens in the Cryptocurrency industry, but on how 2019 made an impact in your lifestyle, motivation and financial status, is it positive or negative, are you full of hope or losing it, what is your assessment this coming 2020.
2019 was a good year for me all thanks to CZ who popularised the IEO model which became a frenzy in the crypto market. I made x9 in Harmony IEO in Binance and x25 in Sero IEO from gate. I couldn't have asked for more. Finally, Libra project (though it didn't last for long) gave a clear glimpse of what is to come with crypto adoption |
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Crazy how many hacks we've seen lately. Guess why? Centralization! This is why I stay away from ERC20 tokens in general, these premined projects is not worth the risk IMHO. I'd much rather accumulate a project like Blocknet, who's one of the most decentralized projects I know off. Not only is their oracle solution (Xrouter) decentralized in the way it's running (through service nodes), but their DEX itsef is the only real DEX on the market, despite all the wannabe projects claiming to be "decentralized", when really, they are not.  I have got a lot of applauds for blocknet too. Its architecture is totally decentralized and represents the true nature of crypto. We can't really overemphasised the need for a decentralized crypto market irrespective of the fact that the incessant hacks might negate my claim. While hacks can't be totally eliminated, I think the security structures of the exchanges and crypto platforms are constantly breached because of the lazy attitudes of the platforms towards development and improvement. I mean, Hackers improve their tech and relearn daily, why areemt most crypto exchanges or platforms doing that. |
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Most of the crypto investors are here for money once they realized bitcoin is giving more profits compared to any other investment in recent days which was exploded in 2017 when price of bitcoin hits $20,000.
But if we want to buy something then we are supposed to convert them in our local currency because in most places adoption is not happened but in future there maybe time comes when we can buy anything with cryptos at that time cryptos are far more better compared to current fiat in terms of security.
Believe me when I tell you that we are all in it for money or most of us. Irrespective of how noble your goal is to preach the crypto gospel. That is why Bitcoin is king. It is built purely for the teach and need to bridge the financial obligations and needs of everyone on the globe. Unlike most atlcoins that are profit oriented establishments for the CEO and team |
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I need lists of projects that were thought to be scam and faced many wrong accusations but in the end still thrive and become successful today, any? I believe not all project that appears to be scam ends up been scam because people suspect them to be
Some of them are wrongly accused especially when some information about the team is not clearly pronounce of the admin managing the bounty has a bad history of promoting scam coins. To aid your research fo alleged scam projects which turned out fine, you should look in the direction of Ferrum Network and Zeux coin |
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I focus instead on etherum which is delayed in its development, because it has a bad impact on the market because etherum is one of the biggest altcoins. in addition, the failure of the bitcoin ETF also has a big effect on the market so that the market tends to get stuck because there is no successful fork.
Same here. I have more focus on ethereum as a holder and trader and I must say that I have been quite frustrated with the snail speed development and upgrade of the platform. Apart from that, Justin sun has been remarkably conspicuous at the center of most fails and controversies in Crypto including Craig Wright as wall for his infamous claim as Satoshi |
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I am sure Mcafee will Curse you out if you remind him his promise to eat his genitals If his Bitcoin price prediction fails. He is that hilarious and controversial. I will advice you don't take him too seriously. People like Roger Ver and Craig Wright that hold tons of Bitcoin can't even accurately predict the movement of Bitcoin |
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After going through IMO features, I can say that the ideology needs to be retouched, if not it won't last the test of time. How can they lock up (and then gradually release) 90% of investor funds for a year after purchasing a token? Also, I discovered that one can sell tokens purchased immediately even when token sale is ongoing, I also see this as manipulation. My reason is because the price will be going up on exchange during token sale making more people to buy in and then it keeps dropping after token sale. Well, I'm not totally against their ideology but it should be ameliorated.
That's the idea. I wouldn't really call for amelioration till I see the end of this experiment called IMO. They promised that presale investors earn makes x5 or x6 of investment but I don't see that happening. I currently see x2 which will keep getting lower as more tokens are released via presales. I understand the ideology behind their project but I am more interested in its workability |
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Despite the scary fact from Bitmex as long as investors and developers don't get an alternative crowd funding option that can offer investment security and immediate exchange liquidity then IEO remains the only option forseable. I have seen some adverts on Initial Model Offering (IMO) which entails perioding investment of a particular project after passing the investors appraisal mark but the fact that this model also locks 90 percent of investors token which will be release through out 366 days also makes it less desirable for investors. So we are stuck with IEO till further notice
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well , so new system of staking CPU,NET and RAM. perhaps it will make better, since last time i using eos blockchain on trading , i need a dozen EOS to be staking for my CPU and NET.
i totally hate it, since i just have a small amount for arbitrage when that time, also free app like CPU Emergency just have a small quota for rented.
I can't agree with you any less. Eos is so technically gifted that sometimes I felt it has overlooked that feature that deals with ease of use and convenience. Ask a newbie his or her favorite blockchain and he will either mention ethereum or stellar lumens. If the little complications around staking for cpu, buy rams and nets can be addressed, then people might just adopt eos blockchain easily. Yes, eos might be more advanced technologically but does it all bring user satisfaction?! |
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That's right. On a smart developer there is a smarter scammer. We can say that scammers are also talented people, they just send their knowledge in a bad direction.
Exactly. You got it spot on. You can't really be a successful scammer without having the requisite knowledge or being smart. Naturally scammer are smart and like you said, they only choose to use their skill sets wrong. Reminds me of the movie by Leonardo Dicaprio - Catch me is you Can. |
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Unfortunately, this is the reality of the market. Too many scams. But not everything is fraud. Unfortunately, the subcoins that are traded in the Exchange can be out of control. You need to solve it. The solution to this is only when the team supports their projects. They need to keep track of the price.
It's very bad. They all appear professional, reputable and promising in the beginning but to your biggest surprise, they are just low life thieves packaged in tuxedo to Rob a bank. Some few hours ago, they wear making desperate movies to act a buy back to lure unsuspecting victims back to their project and I hope no one will fall for such gimmick. Investors need to be careful and very critical of where they invest in this space till there's some sort of control over this crypto market at the very least |
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If you ask me, there are a few valuable altcoins I've been looking for in the long term. These are: BNB, EOS and USDT, the last one was a joke  Nevertheless, try to use your own observations and analysis, not the ideas of others, in your research. Because everyone's choices are their own interpretation. My observation is same. Before invest your capital i think you need own research. Accept these cryptos i can also say: Eth, Xrp, Litecoin, Xlm, Trx, Drg etc. These are some of the most established coins anyway with the biggest market capitalisation and thus provides more liquidity as well as stability. I think these common properties makes them the popular investment choice. It has higher security fund security mechanisms. I invest in them when I don't want to really take a huge gamble on new or more volatile altcoins which usually have a higher profit margin or loss margin |
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There is nothing much to prepare for 2020 but to gamble. Its not going to rise up overnight and since they price will always comes down after a spike, I'd just wait for the price to dip and buy. Nothings is left to expect this year but what could happen after 6 months for the halving might be crucial that's when I think I will prepare for, probably sell valuable things just to have some cash to buy more BTC.
Gamble it is for the day traders and those that can muster the courage for it. As for pure investors like me, nothing will happen in 2020 (good or bad) to change my positive belief in crypto. I have rather set my mind on accumulation of btc and some Altcoin like chain link to the best of my ability and hopefully after btc halving, we will be halfway into global adoption. |
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Nice to know! And Lapps offer same features like Dapps? You can for example build casino or trading exchange on lightning network? How about smart contracts? I have heard that smart contracts on Bitcoin are pretty simple comparing with Ethereum network that is build for it.  Apparently, Lapps seems to be the improved version of Dapps. I think if Lapps features can be coupled with decentralisation, then it will be a toast because frankly, Dapps have a strong hold on the Crypto community due to its ability to offer and offcut services while it's limited by the scalability issues of Ethereum blockchain. I hope Lapps truly turns out to be the upgrade |
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A new kind of fundraising again? I think it will not succeed just as IEO had before. IEOs successfully launched because there are many people who hate ICO tried to invest with IEO projects. They thought that it will change the aspects of fundraising yet it is not. The existence of IMO right now will not be popular because there are still people who have interest for both ieo and ico.
You have a point. IEO has not totally failed and it ameliorated a lot of issues even till date so I don't really see any need to revamp IEO at the moment. Also I understand IMO locks 90 percent of investors token which is release over a period of 365 days; this, I don't think will impress and attract investors |
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I use any wallet because I don't store my coins there for a long time, I just buy something with it or get it.
You still have to consider security and convenience even if you don't want to store your coins for long. Ledger Nano wallet, Enjin, Metamast are all good wallet. Trust wallet from Binance is good too but it is a mobile wallet. So I will advice you try to pick from any of these |
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Hey. A bold move. I wouldn’t dare to do that. But if I were in your place I would buy only Bitcoin. And maybe real gold is a bit. I wouldn’t invest such money in any altcoins. Good luck with your plan.  It's quite a bold move. People really do daring things and go unimaginable lengths for what they believe in. I hope it turns out well for Op just as it turned out well for CZ who sold his house to buy Bitcoin and later opened an exchange worth billion dollar with some of the proceeds |
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My expectations were very close to what is happening now in the market. I stopped believing in miracles for a long time and don't expect more huge growth.
Number one lesson: be hopeful (due to the prospects of the industry) but keep and open mind (because, not all predictions and assumptions turn out real). Crypto is not mathematics and thus anything is bound to happen. I am more of the latter, my hope for crypto is immeasurable and I hope it fulfills all its potentials |
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I have watched this space for a couple of years and while on it, I felt that bitcoin prices are usually driven by global supply and demand which is a factor of real world usage. But recently, I have also gotten another perspective that bitcoin might just be a tool in the hands of a few whales, manipulated for quick and short gains on daily bases. If that's the case, as we near $6500/btc and even lesser as analysts suggest, when then do we see $100k/btc or its just a hoax to keep the pump and dump pendulum swinging
Bitcoin won't be ruled and not be the tool by the whales for too long, rest assured, Bitcoin is still very young to see the future, if you already knew bitcoin in 2009 you wouldn't feel like this. We can't imagine how the price of bitcoin turns like this, it is really far from the start and I don't know why people keep asking like this. Prices are folded by so many times but people never think that because they only looked at what they got today. But I understand why they are bothered the current situation, they are late investors and probably they are investing when the price is already high which gives them huge struggles. I agree. Maybe Op has been hurt. But The sharp pullback is likely no surprise to traders as Bitcoin has been ranging lower at each daily close with previous supports at $6900 and $7,150 flipping to resistance over the weekend. The fact that traders are buying into the dip suggests that many view the drop as an opportunity to open long positions or accumulate more Bitcoin. Let's focus on the future! |
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