Over time, I have come to understand that when we see such bleeding, it is only but an opportunity for investment, at this time, you seize the opportunity to pick those Potential coins you have always wished to have at low price value because those top coins in CMC will surely rise back.
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Aside bitcoin, talking about altcoins, there are many other altcoins there with potentials worth investing in, that will yield great profit, ethereum and some others with proper research you will get them, but then ripple is also a good one but doesn't really move with all the hype I have heard, it increase but not like the price prediction that is always associated with it. It's not a bad investment
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Nice strategy and nice pick, I'm sure you have done enough research before experimenting it, I hope your experiment is fruitful, also I want to believe this year would be good for altcoin so it's best for investors to follow some projects and make their decision of investment.
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Growing altcoins depends on the individuals and their capabilities, some could be good at trading, this is good because you buy low and sell high then buy again by then you must have doubled your holdings but now it might be a wrong move for some others who are not good at trading, at this point you look for good altcoins with potentials and hold, also you could invest in IEOs.
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Indeed last year was a year in preparation for 2020, almost all altcoin was very low, was a year to start all over by buying some lows, this year there wilI be some upward movement but make sure you buy projects with potentials also the bitcoin halving will be a plus this year.
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You are right with what you said about the purpose of bitcoin especially as a way to cut of intermediary but then people have benefited a lot from it during trades, yet it's purpose as a payment asset can't be over ruled for people who trade online, but can't just replace fiat as more offline people would still go for fiat.
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You sound like you don't see any good with altcoin but I want you to know there are some good altcoin with good use cases that could also serve the purpose of payment aside gambling as you think. Altcoin isn't totally useless. You can also research also on the top altcoins.
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Well for altcoin bleeding, there is time for everything, sometime opportunities come up for investors to take advantage of while it is bleeding, also market conditions sometimes seem stagnant because no new innovation, every thing just look like a replica of another project so investors tend to hold back.
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Presently sto and ICO are nowhere to be placed, initial exchange offering is the only one making waves yet most that listed on some exchanges without volume just died naturally, for you to invest, check what the project aims to solve and also check the exchange where the sales would be carried out.
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For me before I invest in any altcoin, first I check it's use case after that i check out for the team behind the project and follow the community to know more about it and it's road map then I can go ahead and invest, some of my picks are ethereum, litecoin, bch ,and trx, for long term though
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Your selections are good, for me my 5 top cryptocurrencies would be bitcoin and ethereum those are a sure add. Then I add some litecoin, xlm and Ada, would go for these. In as much as don't like holding so many coins,i think 5 is enough.
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Considering the news about ethereum 2.0, I think it is a right decision to invest in it, also it is one coin that has acceptance which means in the near future the demand for it will also rise and then the price will increase further resulting to an increased profit. It is worth having in one's portfolio
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Actually this is my very first time of hearing about this coin and I just checked binance exchange for price, presently at 7sat,i strongly believe you must have done your research to have invested such amount in a single coin. Good luck. Before investing, research is a key factor, so you don't end up regretting
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Well the only thing to be done is for investors to be very careful by carrying out enough research so as not to fall victim of their scam, also bounty hunters should do same so they don't end up wasting their time. Scammers can never be erased but we can reduce their success by researching.
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Your idea of buying ripple isn't a bad one, it's a coin that yields profit but that aside one shouldn't put all his investment in a particular platform, you could decide to split your $2000 into 3 and get some ripples, ethereum and also hold bitcoin.
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To some extent stable coins have gone as far as helping maintaining traders or investors capital. Imagine BTC dumping and you already converted to stable coin, that would be a sign of relief to the trader or investor because you don't have to watch the value of your coin keep reducing there will be some calm in you.
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$500 is a whole lot of capital for anyone, but first you need to study the coins you want to invest in, also I would advice you go for coins with low value but with potentials, there you can easily double your return of investment unlike investing in coins with high value. Good luck.
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Well I go for projects with potentials before promoting, also I look at the reward pool, the reward pool make bounty hunters to really give their promotion unlike those with little reward,that Discourages most of them, but I believe we should really go for projects with potentials before considering rewards
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Most times you find high prices and no volume in exchanges like latoken, p2pb2b. Good projects with real use case will never go to such exchanges . So it is only advisable to buy coins with real use case not coins that will be manipulated just to attract investors.
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This is actually right, investing in just one coin might just not be the best bet. There are several other good projects you can invest in as an added investment. In as much as I do not like to invest in just one project I also don't like investing in every project. I can decide to go with my 5 best or at most 10 projects for proper monitoring.
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