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I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market
is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and
dominate.
This market is made to make money and profit from noobs it's like a bitconnect scheme. Every dollar that is made by someone, someone will lose money. Every dollar that
is made in this system will be sold to fiat and if there is low btc buy power it will mean that btc will only keep going down. This market is basically made to make
money from new users like a scheme. For example can you actually believe that if you would've put 10k usd into bitconnect you would have a monthly return of about 4500
every month by lending? This is unbelievably high which again means for every btc/dollar you lend out into this cryptocurrency system = someone will lose money that's
the main reason this market won't be there for long. Because it's basically a pyramid scheme.
You cannot compare the whole cryptocurrency with Bitconnect or anything lending/investing platform. I know bitconnect and what happened to them. You don't have an option or control unlike investing in cryptocurrency that you can do anything with your money. |
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It could happen, but not now or in the near future. We can see the main reason why there are a lot of investors going for bitcoin because of its high profitability. Once bitcoin is not much profitable anymore, we will see a decrease of interest to it.
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Is ponzi scheme an option here? Don't know but ponzi scheme are good only if they are just starting. $50 is a small amount, maybe I should try to invest on a ponzi scheme just starting out and after I get the percentage I need, then I pull out the investment and income. Don't get me wrong guys, for me it is also an option.
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You have posted on the wrong sub forum. Please read the rule and guidelines and make sure to use the correct sub-forum before posting. Thanks
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I would go and buy cheap coins in the market, and wait till they pump. $50 a small amount, you will not be seeing your profit if you invest to coins that has higher price.
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Try to look at the top 20 coins in the coinmarketcap.com. You will not be worrying much about your investment because they are more established than other coins who will be starting out.
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I wish bitcoin will soon have its own physical representation just like the fiat, so that I can buy whatever and wherever I want. Right now using cryptocurrency as payment is very limited.
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Staying calm and being patient is a good attitude to overcome fear especially in trading. Being able to see good in bad thing are always nice to do, example if the price had dipped big. It is better to think positive than negative thoughts.
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I guess the price drop was caused by the price corrections. The price of bitcoin have pump very high and it needs to be corrected, also some factors that added to the price drop was because of the panic seller.
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I think you should learn how to control yourself in every situation. Sudden decision-making can sometimes give you poor results. Doing research before investing is a very good idea, don't know about DeepOnion, I guess you will have to research that first.
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Social media is a free way to advertise your project. You can advertise your project for free and without using any money out from your pocket.
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Social media is already been used in marketing new coins and new ICO's. The influence of social media is very big and its considered as a big factor for a successful project.
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Yeah, we cannot rule out every airdrop is just a scam. There are some airdrops with good intention, but they are few and only be counted by hands.
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Yeah, almost all of the airdrops right now is just a waste of time. At the end, it will give you no profit. Better to focus on something else than to waste your time on this things.
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Social media has a huge influence on bitcoin or any other coin. Just the other week John Mcafee tweeted that Verge will go to 15$ around summer 2018. It was up till then around 60 satoshi and immediately people started buying them up and it flew all the way into 1900 satoshi range. Let me put it this way, if you have a huge social following, you can easily buy up a cheap coin for $100k worth. Then tweet about it that it's the next best thing without even anything to back it up etc, like Mcafee did, then see it soar to like 30x times higher than you bought it for, dump all and net around 3 mill from your 100k investment in just a day or two. After Mcafee's tweet the volume of Verge was over 1 billion within 24 hours. The rich get richer this way and the average gladly hand out their money to them. Fools are easily parted out of their money as usual.
If that is true, I think its a bad way to use social media influence. A big factor of growth of a coin is thru social media, that is why some of people use the social media platform to earn a lot of money. |
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I think social media made an important role why the price of bitcoin have reached up to 19K by this year. More people are aware right now because of the social media.
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Also to add another point. Most of the ICO projects right now use social media campaigns. They know using social media can give more audience to their projects.
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Yes, the social media caters a very big audience, using social to promote bitcoin or any coins is a very effective way since you can reach more people using those platforms.
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I think no country will allow to replace their current currency right now. No matter how successful the bitcoin could, I don't think its possible to make bitcoin as a national currency.
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Well I can give you reasons why you shouldn't buy bitcoins. Bitcoins fees is high right now and is increasing day by day. Its too risky to invest in bitcoin because of the unstable movement if you are scared for a high risk investment then better not to do bitcoin.
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