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For you to properly ensure the safety of a wallet you need to make sure that you are using all of the methods available to secure the wallet. Always make sure that you are the only one that has access to the private keys, passwords and emails to your wallet so that way you can be sure that no one else will be getting into your account to withdraw your coins
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Heard a rumor that facebook was thinking about launching their own crypto. What do you guys think about this?
Would also love your feedback on Algebraix. App that keeps your data private and pays you to watch ads. how do you think they will measure up to the advertising giants like facebook and google?
It is possible that they might be making their own crypto but there have being no official reports of this happening so I am just going to take it that this is just rumors making their way around. But if there was a facebook cryptocurrency then best believe I would be a part of the people who are buying that coin. There is no way that a coin associated with facebook does not end up doing well. |
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You should be buying altcoins now, they are the coins that are going to make you a millionaire from this point onward so that is what you should be focusing on at this point. There is no way to say that one coin is better than the other, just make sure that you do the research for yourself. From there on making a decision on which altcoin you should invest in should not be hard.
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I have one question that really bug me sometimes, Are ICOs going to end or new ideas and projects will emerge along with ICOs. Many of us actually rely on bounty to earn other than investing. As long as there is ICO I believe there will be bounty. It will be a sad day for us if ICOs are declared officially dead.
There is nothing that is going to last forever, there will be a time where something better comes along and people find a better way to raise money for their projects and then icos will be no more but for not icos are the way that it is being done right now and we have to go with that. Yes it will be a sad day when icos end because we would no longer be able to do bounty but who knows, maybe they come up with something else that we can participate in. |
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Now you wait for the perfect price to sell the tokens that you have earned or better still you can just sell the tokens at whatever prices that they are as soon as you get them and convert them to a more valuable altcoin like ethereum which you can then hold and wait for the next bull market to roll around. Whatever you do, do not hold new tokens for the long term, they are not that viable.
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I am new to this forum, but i have been into crypto for more than a year. I am loosing some of my holdings due to the fall in prices of my coin and altoins. What should i do please.
Any advise that will be useful is welcome.
You should hold. Also if you think that you can be good at it then you should learn how to trade altcoins they are a good way for you to make back a good percentage of the money that you have lost so far. But you should know that it can be risky and you stand a chance to lose your money. holding is the safest way to go if safe is what you are looking for. |
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There are a lot of advantages when it comes to the altcoins but one that they bring that bitcoin does not is the increased supply of coins. I know that there are way too much altcoins in the market than we actually need but we do need altcoins to cover the gap that bitcoin leaves since it certainly cannot serve the whole of the world on its own anyway.
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I like to invest in projects that have very good products, products that I can trust that people can be using for years to come which will guarantee the sustainability of the coin that I am investing in. I like to invest in a project where I know the people behind it and the things that they are working on in regards to the coin that they have created.
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Hey guys, when did you first bought bitcoin or ether? Did someone bought bitcoin when it was 20k$?  When did you first heard about crypto? When I bought bitcoin the price was at about 2k then, even at that time people thought that the price of bitcoin had reached its height, I do know some people who bought bitcoin at 19k though but they were newbies who would not listen to advice to never buy coins at the height of the bull market. I first heard about crypto ib 2012 though. |
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Me too, i came into the cryptocurrency market to make money and I plan to do just that. There is absolutely nothing that would make me sell the altcoins that I have bought for a lesser price. It is not possible, I am a hodler and I understand the value of hold and I am going to hold the alts until the market goes back into another bull.
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Hey I'm new to that crypto game and wanna make some money  Have bought into BTC and have sent it to bitfinex now and wan't to start trading and investing later. A friend of me who is in the game for while told me that almost all coins are crap and I should hold only BTC and maybe Monero but not now because prices are still too high. I'm thinking now about to short Ripple, IOTA, Litecoin and Ethereum. So my question is what is the most worthless shitcoin that make me the most money with shorting and how low can it go? Your friend is right, the coins are way too shitty for you to even risk you putting your money in them. The prospects of the coins are way too low, you would really be better off just buying coins like bitcoin, monero and ethereum and holding the coins for the long term until the next bull market. Put most of that money in bitcoin, it has the lowest risk. |
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Well seeing as they are built on the ethereum platform then yea I guess it is only normal that the price of the tokens are dependent on the price ether. Also you cannot ignore their trading pairs, once these coins are put in the market their trading pairs are with eth so whatever happens to the price of ether is what happens to the price of the tokens.
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Latest article by www.wired.co.uk stated that a newspaper by researchers at the University of Texas at Austin's department of finance indicates that someone at Bitfinex cryptocurrency exchange may have artificially inflated the price of coins including bitcoin, ether, and Zcash. The responsible for this appears to have been Tether, a cryptocurrency with the same CEO as Bitfinex. What are your thoughts about this? Do you think they really manipulated the price? Is it possible? Yes the market can be manipulated and quite easily if you ask me. Also I believe that the exchanges are in on it when the price of the coins are being manipulated because that is where it starts from. The best way to manipulate the market is through the buy and sell walls that are on the exchanges thereby giving the coins a false value. |
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Yes they do. If they are participating in the bounty and they end up realizing that the ICO is a good one which is going to do well then they can put their money in it. Personally I wait for the coins to be listed in the market before buying them after I do the bounty but if I find one that I believe is a good ICO project then there is nothing that is stopping me from putting my money in it.
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This is good, very insightful and hits at the points that a lot of people tend to overlook thinking that they are not important. I have always said that when it comes to being a crypto investor, our biggest threats is losing our coins to hackers which is why we should always make sure that we are being safe at all times when we are accessing our coins.
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Good. With more big chains accepting cryptos then more people are likely to understand that bitcoin and the other cryptos are not dangerous and that they are safe to buy. It is better for people to see adoption news from bit chains like this. I look forward to reading the official statement from them about their acceptance of cryptocurrencies.
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There is no way to remove all of the scams, the more we remove scams then the more they come up with even more ways to scam people. What we can do though is to educate people to the best of our ability about how they can avoid being scammed. Knowledge is power and if people are armed with it then the scammers will have much less victims.
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After reading their whitepaper then ask yourself these questions:
1. Does the document make sense to you? (Did you get a picture of the whole idea they are talking about?)
2. Is project going to provide any real solution to any problem? (scam projects usually provide vague solutions which normally does not point out the blockchain aspect in it)
3. Is the document having original contents (scam projects usually copy people's work)
4. How old is their official website (most scam projects usually have new websites)
5. What has the team done already towards the project.(scam projects usually do not have any detailed roadmap)
6. Check the team's profile on linkedIn and also their number of connections. (fake ones usually have low and no real connections.)
7. Check the token distribution. Is there equity and equality? (the scam ones usually allocate higher percentages to the team)
8. Did they give any abnormal price speculations? (i joined one bounty(Crestonium) who promised 3 times profit within 6 months else they are going to refund investors monies back to them. They ended up being a scam)
No matter how vigilant you are, you can still get scammed but at least, you can reduce the risk of being scammed. Enjoy your day
This is good, more people should follow this. It is true that we can always get scammed even if we are vigilant but at least we can make sure that we do not end up falling for the cheap scams. Also I would like to point out that people should always make sure to check the url of the site that they are on to make sure that they are on the right site before doing anything on it. |
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The current market corrections are making a better investor, well weeding out the panicky investors that do not do their research. The hype balloon has been pretty deflated lately, making it easier to find legitimate projects to come to the surface. To top it off i don't have to read "when moon! when lambo!" every time i open discord or telegram. I think those are huge benefits.
Market corrections are definitely a good thing. They help the market get back to a good price and make sure that when the prices of the coins are recovering they are coming back stronger. This market and the bear that we are going to be in will be the way that the weak hands are picked out. The real investors are the ones who will remain by then. |
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It is amazingly confusing for me to understand whether to buy ETH or BTC to trade for ALTS. I plan on holding a good % of BTC and ETH in my portfolio, but when it comes to these fluctuating BTC and ETH prices, I'm never sure whether to buy one first to trade for ALT coins.
Any suggestions?
I would prefer that you bought the altcoins with your eth and keep your btc safe. I have found it a better experience using my ethereum to buy altcoins and late if I want more eth then I just convert some btc to eth. The reason for this is that btc is more valuable than eth and if anything happens and the market ends up bulling, trust me, you are going to want to have some bitcoin. |
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