Though crypt market is a very good way to earn profit from your investment as long as you buy promising and potential coins but it cannot be predicted as it is volatile but with the way the market is growing gradually, I can only wish for it to continue like this for a very long time and the price should be higher before it will fall again.
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Yes, there are so many scam bounty and f you are not careful, you may fall into the wrong project that it is very good for you to take your time to do a very good research of the project, read the whitepaper and be sure of the potentials before you join the campaign. I am also sure in future the rate of scam will reduce in the crypto community when there are regulations or bodies put together to help ensure of the project potential before they come into the community.
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Though this looks like a very good project even if I have not taking my time to really look at it but I will take my time to read through the whitepaper and try to know how potential it will be and what it tends to offer cryptocurrency and investors.
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Yes, it is a good time to buy ethereum and hold for as long as you can because it is growing gradually already and I believe if you buy now that it is still low and hold, when the bull run starts, it will become very high and then you can sell to earn reasonable profit.
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If we look at the market now, we will notice that all coin price are increasing slowly and altcoins are even growing more than bitcoin in percentage butI think when the market recover fully from the bear, the price will be higher especially when the bull market starts.
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For me, my favorite token exchange is binance because it is the best and most potential exchange with high transaction speed but I also like bittrex, poloniex, yobit and kucoin exchange because they are also reliable.
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Presently, I can see that the market is in green as prices of coin are growing gradually and hope this will continue for a long term and wish the bull run to start as soon as possible so that we can make profit in our coins.
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What wallets should i use for altcoins? Bought some LTC not sure what's better
I will suggest you use myetherwallet because it is very reliable safe and secure as long as you can keep your private key very safe. You can also use a hardware wallet to store it for long term because it will be very safe in there.
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To go about trading, I will suggest you take your time to do a good research and read all possible topics you can find related to trading, you can even watch tutorial videos for better understanding after that, you start trading with little amount and you should also have good knowledge of technical analysis.
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Though I do not think the market has recovered from the bear but with the positive rise in price of coin, I hope this rise will continue for a long time until the bull run start.
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I will say no because I think the bull market has not started even though the price of coin is rising gradually but some are still in red. I believe before the end of the year, the market will recover fully and the bull run will start.
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Personally, I do not think ethereum will fall as low as this amount because it is very low and for it to fall this much, it means there is really no demand for it but I am sure it wouldn't fall this much before the bull run will start.
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I am glad that you are askin6for suggestion and it good to follow experience one guidelines but in case of white paper nothing can be ensure cause it process it completely depends on the project types so I think it is better to analyze the project
I agree with your suggestion because it is not all about just writing a whitepaper but the whitepaper will contain vital information about your project ideas and this should be convincing enough for you to gain the trust of investors and if it is not well written, the project might not be a success so before you write a whitepaper, be sure of the project and state all points clearly.
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In my opinion, I think it is not a very good time for you to invest in icos because the market is in red and you do not know if the project would be able to survive the present condition of market but if you have done your research and you find a goof one with strong and potential team members, you can invest in it.
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Though the exchange might be new and you feel it is safe for you to use but I will like you to take your time to do a very good research about the safety and potentials of it before you move your funds to it. I see no reason why you should even use an exchange you are not sure of when you have better and more reliable ones that have been in the market for a while.
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In my own opinion, I think if the token is a very promising one to you and you feel it will grow high when the market is stable, you can decide to hold to sell at a higher price but if you do not really trust the potentials of the coin, I think it will be better if you sell it and you can invest the money in a potential and more promising coin.
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In periods of bear like this present condition of the market, I think the best way to make profit is to participate in bounties because by doing this, you get free token and if you hold till when the market recover from the bear and the token is listed on an exchange list, you will make profit as it grows. You can also do airdrops but before you take part in any of this, I will advice that you take time to do a very good research of the projects to find potential and promising ones.
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Personally, I think the bitcoin bull run will also be altcoin bull run because if the price of bitcoin is high, investors will also invest in altcoin as it will also rise slowly and when there is high demand, it will grow even higher though altcoins that are not legit and do not have good management team and technology may likely crash but I believe potential ones will remain.
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Personally, I think both are very profitable as long as they are legit. If you have spare cash, you can invest in any token of your choice and hold it till when the price is high enough to make reasonable profit and you can also check the list of available bounties and choose good one to participate in and at the end you get token as reward which you can also hold to make profit.
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Yes, I agree with your suggestion the crypto will make people smarter because no one will want to fall victim of scam as everyone wants to make profit on their investment. Crypto will also help people to be very calcuate because for you to make profit, you will need to have very good plan and target and you calculate at what price to sell to make reasonable profit and with that you will be able to know how long you should hold the coin. Crypto will also help use to have good understanding, patience and also be alert mentally.
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