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I think BNB can't beat ETH and this is how I support my judgement. BNB is a coin whose backbone is Binance exchange and nothing else and if anything happens to Binance exchange like e.g hacking attempt of any reputational damage to Binance exchange will have a direct adverse affect on BNB but ETH is a whole economy in itself, ETH is a coin who has it's own blockchain and so many altcoins are developed on ETH blockchain so ETH is far far ahead of BNB and I see no comparison between these two cryptos.
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I think holding bounty rewards for too long is not a good idea because most of the projects who offered bounty campaigns were traded in profits for a short period of time and eventually they dropped down in price (dumped I mean by that). So I think holding bounty coins or tokens for too much long is not a good idea because prices move frequently and better thing to do with bounty reward is just trade them fearlessly (sell high buy low) and increase your account balance and buy blue chip cryptos from that..
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Losing such a huge proportion of capital is something which is really hard to recover but anyhow there is still hope and the remaining 20% of capital can be used a simple trading strategy which is making small trades of small margins. I know this strategy isn't enough to recover 80% of lost capital and new money needs to be invested as well.
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Actually the overall market is in recession and good projects usually need a good time to launch like if market is flourishing then good projects come because good projects usually incurs huge setup costs and that's why good market conditions suits good projects for being launch.
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I think the hardest thing about cryptocurrencies is to predict their prices. There is not hard and fast rule, every price movement is because of good or bad news about cryptocurrencies. Just take a deep breath and just hold your cryptos and wait until the market moves significantly up and brings you in good profits.
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I'm currently studying the Cartesi project and I think this project is going to be the one of the best projects of 2020. A brief overview of the Cartesi is below:
Cartesi is a layer-2 platform for the development and deployment ofscalable decentralized applications. Cartesi DApps are composed of both blockchain and off-chain components. Off-chain components run inside Cartesi Nodes that represent the interests of each DAppuser. Cartesi Nodes provide DApp developers with reproducibleCartesi Machines, where large scale verifiable computations canbe run. These verifiable computations are easily integrated into smart contracts by powerful primitives that provide strong conflict-resolution guarantees.
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Reason ? There are reason"S" behind fall of altcoins and these are no new investments in cryptocurrencies and new projects launching on daily basis, traders style of trading (pumping and dumping) short term profit making strategies leading towards price volatile behavior of altcoins..
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Cryptoeconomy doesn't need new projects, it need new investors, mass adoption, huge investment and progressive legislations to increase it's acceptability. There are launching so many projects everyday but investors are not there to invest.
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BNB is a great coin and I acknowledge it's market position but there are some fears I have related to BNB. Imagine BNB without Binance ? what you see ? BNB can't stand without Binance. If anything bad happens to Binance like hacking attempt or reputational damage then BNB will be of zero worth..
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I think this is happening because of overall recession of the market. Not just altcoins prices have been stopped moving every coin including bluechip crypto currencies are also losing their stability. Market needs huge investment to recover from this dip.
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Here is the list of some countries where cryptocurrencies have acceptance and top of them is Japan is known to have some of the most progressive cryptocurrency regulations in the world.
Switzerland a canton in Switzerland, became known as “Crypto Valley” after it passed several progressive laws regulating crypto use and related businesses. Singapore, Hongkong, Malta and Luxembourg are also one of the most cryptofriendly countries...
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The idea of the project is everything. Investors tend to invest in those projects who has commercial value and which leads to mass adoption and the team behind the project, I think any coin who doesn't possess these characteristics proves as a shitcoin in the end.
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Yes I agree with you, most of the bounty hunters just don't bother to investigate the project and they just join the campaign if they see that campaign would pay them good so they start spreading the word about project without any know how of the project. I must say bounty hunting is a task of high responsibility if they perform it with full attention, it's like a full time duty like to investigate the project from top to bottom, scrutinize the project, evaluate it's significance and also to act as the advisor of investors. Bounty hunting is basically like being an advisor of investors they never meet because most of the investment comes through this marketing strategy (bounty hunting).
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Whole market is suffering from recession, we just can blame the alts only but yes top 30 blue chip alts should be given priority in any circumstances whether it's recession or boom because these are always the first choice of potential and existing investors.
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In my experience Altcoins can be great choice when it is the matter of short term profits. For long term profits I think BTC is the right choice.
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Yes I agree to this. Cryptocurrency is the future face of Wealth. As the world is entering into a digital era so how is this possible that the medium of payment could be old fashioned ?
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ICO legalities are much improved in 2020 as compared to 2019, 2018 and 2017 and the legalities will further improve with the passage of time. These legalities are much needed to prevent from scams and maintain the positive image of cryptocurrencies.
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If whole of the cryptoeconomy booms then ETH AND BTC will make record breaking highs. Everything is dependent upon huge capital injection into the economy to free the market from recession and market will become more stable. ETH is the backbone of alts lots of alts are developed on ETH blockchain and that's why ETH will capture the major part of the investment in alts.
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