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The bigger question would be, if today the crypto market is gone one day, would you be able to exchange your USDT for actual Fiat USD?
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Cheap coins are not necessarily good. What you should be looking out for are good crypto projects that have undervalued coins. That being said, most of the coins in the market are utility tokens at the moment, not security token, so the value does not tie to the company's or project's performance.
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It depends on what is your purpose for investing your money. If you are looking to speculate for short term gains, crypto might not be the best choice in general. However if you are looking to support the project, dollar cost averaging method, i.e invest $100 per month consistently every month would be the best method for you to keep your interest high for crypto projects for the long term.
It is always more important to look at projects with long term fundamentals instead of short term gains, because alot of us are here for the long haul. Cheers mate!
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Looking at the current market, many people are disappointed in the market price, bitcoin prices stomping at the $ 7000 level, altcoin prices are falling deeply. Recent good news, however, shows that the market continues to grow and has great potential in the future. What would you do this time: Buy bitcoin, buy altcoin or do nothing?
CoinGecko.com will #BUIDL our way to the end of cryptowinter. If anything, we hope the next round crypto newbies who got drawn in by moon-level Bitcoin price can enjoy a better CoinGecko.com. Markets may be disappointing now, but if you look around you, there are many exciting things going on that will pave the way to better Crypto-usability. We'd say this is the best time for HODLers to strap on their helmets and jump down the crypto rabbit hole. Research and learn all things crypto beyond the price and markets. |
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I often read the news at https://www.coingecko.com/, technical analysis and current price monitoring really helped me in mastering the market, no doubt that the crypto market has a tendency that cannot be predicted with large You summed it up there. While the data helps with slightly understanding what's going on. Anyone who can say they're 100% certain of an outcome often have misunderstood their capabilities. The whole industry is still very nascent (for lack of a better word) and wildcards will appear all the time. |
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After participating in several ICO project, which turned out to be scam projects. My hard earned money disappeared in to thin air, with no way to trace or recover my money back. I had to act like it never happened to get it off my mind and move on.
Are ICOs really dead and do you still invest in ICO projects?
To answer your question, We at CoinGecko.com agree that ICO are pretty much next to dead. We still get the occasional ICO listings now and then, but it's nothing compared to the sheer volume of ICOs in Q1/Q2 2018. Also, here's a prediction in regards to existing ICOs from Bobby Ong - Co-founder of CoinGecko. https://twitter.com/bobbyong/status/1085382035525513218 |
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Unfortunately, ICO are not regulated and you could not reclaim your money as a lot of them do not have any company registered under any jurisdiction. However, regulators and many crypto industry leaders are working towards STO (Security Tokens Offering), these security tokens will be regulated, but there will be no escape that every trader will have to undergo extensive KYC to ensure the regulatory compliance of the Security Token exchanges.
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We all sure do hope that Bitcoin will hit $400,000, but realistically that will not happen in at least the next 5 years. At the moment, i think that we need to focus more on the development of use cases for blockchain and make it accessible and user friendly in order for the mass public to adopt and use in their day to day life.
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Technically China could easily control any blockchain uses within the country itself. Simply because they have control over the internet in the country which is one of the necessity for public blockchains to work.
As for blockchain development and implementation, China has been investing billions in total to these development projects every year, no doubt their are ahead of the rest of the world. The question is whether they plan to share this knowledge outside of China.
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Blockchain seems to be here for the long term, but it will improve to be more scalable in the long run. blockchain size will be so light that everyone with a mobile phone will be able to mine it without affecting daily usage. Hardware technology will definitely improve along with software technology, like how 20 years ago, a huge server could only store 128mb of storage, today a thumbdrive can store up to 1tb.
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Patience is definitely key to developing and sustaining the blockchain technology and cryptocurrency use cases. It has only been 10 years since Bitcoin was born and about 5 years since there are large number got interested into developing the technology.
Many of us may gain and lose in value and money within this few years, but the biggest gain will always come at a larger scale when each individual tiny developments are a stepping stone for blockchain and crypto to achieve mass adoption and industrialize utilization. However, this will all take a long time, maybe another 10 to 20 years, but no doubt this is the way forward for the entire crypto space.
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The fear of transitioning from fiat to crypto is normal because of humans generally are afraid of change. The same fear has occurred before back in the 16th and 17th century where people were afraid to transition from commodities such as silver and gold as currency to paper money.
Furthermore, Bitcoin and crypto in general are not user friendly and convenient enough for mass adoption yet. Although it will take time for it to change completely, but no doubt this is the future of money and it will revolutionize the financial system.
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I read the Q3 of 2018 review for coingecko exchange, but too busy to access the last quarter if it ever came out. Can I get access the last coin exchange review please?
Yes the 2018 report can be obtained here http://bit.ly/2018CoinGeckoReportLet us know what you think! |
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An attempt at valuation:
Bitcoin - 12.5 coins per block, 6 blocks per hour = 1800 coins per day x $3600 = $6,480,000 cash injection required per day to maintain current price
Grin - 50 coins per block, 60 blocks per hour = 72,000 coins per day x $6.5 = $468,000 cash injection per day to maintain current price.
Therefore Grin requires 7.2% of the cash injection of Bitcoin on a daily basis to maintain its current price.
Is Grin worth 7.2% of Bitcoin at this time? Definitely not. It is an untested coin with extremely low adoption and a serious pain in the ass to transfer as both parties have to cooperate to make a transfer happen.
Conclusion: Grin is currently highly overvalued at $6.5
Indeed it's overvalued. Sweat at the joker who made one of the first purchases at $261 |
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I'm super excited about grin. All past altcoins have been just Bitcoin with a few bits tacked on; occasionally these extra bits are useful/interesting (eg. Monero or Ethereum), but in the vast majority of cases this extra stuff is just meaningless marketing-oriented garbage. But grin is packed full of useful innovation from top to bottom; moreover, it's clearly built in the same cypherpunk spirit that Bitcoin was: increased freedom/sovereignty through technology. Therefore, I'm happy to announce that the forum is now accepting grin payments automatically, probably the first site other than exchanges to do so. You'll find a link at the bottom of the evil-fee and copper-membership pages. grin is new and clunky to use. I don't expect many people to use it, honestly. But I needed to rewrite the forum payments system anyway in order to support LN in the future and to fix some longstanding issues with the old code, so adding grin support worked out nicely. I don't recommend buying or not buying grin. Due to its emission schedule, I'd guess that its price will have a general downward trend for quite some time, but who knows. Currently I own zero grin (though I will be buying from the forum all grin obtained), I was not paid to add grin support, and in fact not a soul knew that I was going to do so. grin support might be removed later if it dies off or becomes too time-consuming for me to maintain. I tested this with grin's floonet (testnet), but not mainnet yet since I don't have any grin. Hopefully it works. 
A few observations I had while implementing this: By default they want you to essentially pay to IP addresses. This was stupid when Satoshi tried it 10 years ago, and it's stupid now. At the very least you should strongly encourage (ie. nearly force) people to give out public keys along with their IPs, since otherwise MITM attacks are trivial. Even then it sucks to require the recipient to run an open-to-the-Internet server at all. And for goodness' sake, don't use the broken/centralized HTTPS system; the Bitcoin Core devs have been going to a lot of trouble trying to remove that garbage from Core. A better protocol for the copy/paste method is needed. For one, you shouldn't have to use intermediary files. I was annoyed when I did grin wallet send -m file -d - and it actually created a file called "-" instead of writing to stdout like it should. grin needs to be much better at handling transactions that never continue beyond the first or second step in the three-way transaction process. They probably shouldn't even show up in the main transaction log. Currently I think that there's no way for the recipient to get the modified slate after running receive the first time (eg. if it gets lost), which is nuts. And currently there appears to be no reasonable method for proving that you sent a transaction. Congratulations on this. Great move, theymos! We at CoinGecko are equally excited about Grin as well and are following things closely. You are spot on about Grin price having a downward trend at the start due to the limited supply.  |
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