I think this time is still not a right time to invest on Defi projects for long term yet, just should invest for short time because in my opinion, there is no certainty or clarity on this time, it looks like ICO projects before. So, let's wait and see how the more certainty signal.
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Do you think now is the right time to call the people into crypto world?
You don't need to wait so longer. I think when Bitcoin break 20k and creat a new ATH, the media and newspapers will report on this market continuously and people who haven't known about this market before will come and ask you about it. That is the time new people will go into this market.
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Just like ICO, proof of stake,masternode, IEO and DEFi. The trend will come and go but few survive the jungle. The recent spike in price and are all sold off with - 50% and still counting as bitcoin plunge continues. Sushi developer left the project but I was surprised how the price bounce back when FTX founder renowned his self to continue the project. Invest wisely, most of this project will cost you nothing but loss.
Maybe in the futhure future, those Defi projects will leave but now I see that the profit it brings is very good, especially with Sushi, so if you are a wise investor, why don't invest on it? I think the most important key in investment is risk management and accept to cut loss when any projects no longer go according to our plan.
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I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?
In my opinion, there are two reasons that I suppose Crypto and Bitcoin are more valuable than gold in term of investing: 1. This is a kind of trend-following investment or asset. (Because the next trend and technology is Blockchain and 4.0 Technology) 2. With unique coins which have the certain amount and not be able to born anymore such as Bitcoin, the possibility of price increasement is infinite ( in term of theory, Gold can be exploited continuously and be born in nature)
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I'm usually a holder I still coins and tokens I've got from Bounty campaign just like the two of the just recent projects I've participated in I'm still holding both of them but there are instances in the past that I dump my coins/tokens because The coin is not progressing and I want to buy coins that has more potential.
So what is or are your reason why you are dumping your coin?
That is also the main reason that I would sell my token because it would be really better if we hold the other strong coins instead of holding new tokens that we are not sure of their future. Although, the profit of those tokens may be really attracted if it is pumped but this is a story that no one know exactly.
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This thing is just sooner or later. Big companies and investment funds are aware of the profit and the sustainable price increase over time of Bitcoin instead of other types of investment. Especially when USD and too much cash is printed on over the world.
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Hello I see in the last few mounths that uniswap became the choice for many new projects and everyone is proud to say (our token is tradable on uniswap) Its like etherdelta all over again What is your opinions about that ??
Defi will be the trend in the next time, and Uniswap is the leader of this trend. So, it's easy to understand that Uniswap has got many attentions from the crypto community and investors who want to catch up the next trend.
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One of my new picks is Leacoin because of its age and simple configuration.
To be honest, I have never heard about Leacoin before, and I am curious so much about this coin, so maybe I'm gonna research about it. The old coin with me that I am still holding is Dogecoin and I think this is also one favourite coin for people who knowed this market from early time.
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With your skills you can earn. You can earn without any hard work. For that you need to be a crypto investor. You have to keep in mind that you will benefit if you invest in a coin or token by constantly monitoring the market. No experience is required for this. You just have to understand the market signal. Again you can invest in exchanger on any new token. I want to be a good investor. Do you want to be a good investor? Do you agree with me?
Investing into our ability is always right with almost field, every careers, not only in this market. Long-term investment or short-term investment and especially with Traders (trading to earn everyday), we can't win the market without having a good knowledge about analysing and understand clearly about the core of each coin that we are investing.
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So how we make altcoin investment safe ?
There are many good and safe Altcoins that you can choice for long term investment such as ETH, XRP, XLM, Link, and some of other coins in top 20 in Coinmarketcap. Don't pay attention on small Altcoins, maybe it will bring to you a big profit in a short time but the risk is very high and you can lost all money at any time.
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Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.
What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.
In term of theory is right, "sell at resistance" and "buy at supportance" but not be easy to determine what resistance and what supportance is important, not wherever price will also react when reach "resistance" and "supportance". So in my point, adaptability will come when we have experience enough long with market.
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There are 3 things that I base on to find out any worth Altcoins to invest is :
1. Capitalization on market 2. Development team and what issues do their product solve now and in the future 3. Be supported by big investment funds
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With that in mind, I decided to hold the coin up to now and suddenly (Luckily) the price pump. Im not actually a fan of altcoins, so when I saw the price have already matured, I instantly convert my XRP. Without knowing, I saw a news why there is a sudden crash on the price. Coinbase goes down and in seconds, the price went down.
I really get a good amount of profit. Do you also get the chance to convert?
Congratulate with your right decision and I beleive that good profit will make you love Altcoin more because if consider about earning profit, Altcoin is the best channel to earn the most and the fastest.
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The year has come and about to end, which another plan has drawn down against next year 2021, if this year didn't work out as it plan, because of global challenge, covid-19 pandemic lockdown, next year 2021 will be more better
The situation of world and financial in 2021 I think will be better and will be a brilliant year of the cryptocurrency market. The new peak of Bitcoin will be set up in 2021 for sure and with that is Altcoins of Defi.
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In 5 fastest coins as you gave, the increasement price will be coming but not now, because if see on the weekly chart of them, such as Neo, it has just overcome a strong resistance that has been in existance for a long time and coming back to test it, and if compare the current price with its old peaks, it's still quite long to reach (about 800%). So, in my opinion, there are still many chances with these coins in next time.
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altcoin season won't last forever but I can make ROI faster than waiting for months or even years to recover my invested money on miners and electricity
I think this is a wise decision at right now because there are some Altcoins may multiple 2,3x just after a few days and I think this is just a beginning of Altcoin season. There will be a lot of chances if you focus research and invest right now.
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bitcoin is techically more superior then ETH
I don't know exactly about the thing that you suppose BTC is more superior than ETH? Do you mean about the support community of Bitcoin and its unique ? In terms of technology and applicability in daily life, I suppose ETH is better than BTC
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These two are sure good altcoins to invest, and I also believe that both will be successful in the future, but I would like to ask the community here if which coin they believe will be more successful in the future. I also added a poll so you can vote, this would help people reading this thread to easily determine which coin is better.
Please share your opinion too on why you choose a certain coin.
Both two coins are good with my opinion. But with one investor, I just concern about the profit that those coin can bring to me, so with ETH and BNB if we hold for long-term, definitely we can have profit but maybe they will not as much as others. But the safe is very high when investing on them.
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If Liverpool continues like this, they could forget to extend their title. It is still quite early in the season, but they make a very changeable impression on me. They can play very nice football at times, but it is not always effective unfortunately. That can cost them dearly. Then you can play more business wise.
The draw result is an unfortunate for Liverpool when VAR technology took away two goals for Liverpool and bring one goal for BRIGHTON. VAR really killed this match. Anyway, I still believe that Liverpool is one of champion candidate for this season.
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