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This one is now simple, I just show them my wallet or my transaction history and that's settles it, no one would say he doesn't want money, all they may be concerned about is the guarantee in the investment but we all know there is no guarantee anywhere, life itself is not even guaranteed for anyone
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My biggest mistake would be involving myself into cryptocurrencies. Now I can't leave crypto as I'm always thinking I might miss out something big and there are so many regrets in my crypto life "I should have done this, I should have done that, I wish I did not sell, I wish I sell" Like this things. When I was not into crypto I have a peaceful life now I don't know what I feel but this is just a thought of a mistake. Even though I consider this my biggest mistake I consider this also my biggest blessing  as I now have a good source on income that will help me provide for my family. From the look of things it looks like you are applying too much emotions on the whole crypto stuff which is not too good, you might have made profit based on a luck but you may need to learn more on how to work on your emotions to help you gain more |
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The whole idea of a startup project launchedi to the market is very sensitive and requires lot of commitment from the team to make it a possibility and once there is a flop on their part then everything is messed up and the value drops as well
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The most reliable parameters for choosing ICOs is to properly consider the project and it's target technology into the market, if the project has no reasonable technology aside from peer to peer transactions then it will hardly survive
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The story is no longer a new one many people are aware of the possibility of the ICO not turning out well enough and it looked like it's only few that usually benefit from the ICOs
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In the cryptocurrency market what we have is more of speculation, nothing is definite, even the 2 years you mentioned is still a speculation so for those investing in crypto should be aware that without patience here nothing like profit, the era of quick and rapid 500% growth within few hours is gradually reducing, the market is becoming more matured now
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When you totally understand the great opportunities within the crypto ecosystem you will know that it is a complete power and has a possibility to influence both people and government, this has been the reason why the government is trying hard to stop it but you can see it already that the forces stopping it is loosed and very soon government will be trying to have a larger stakes in the crypto
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Well it's still the right time to invest, but if we really believe in the cryptocurrency we can actually do better, imagine when the price of Bitcoin plunged deep low to 5k$ and 6k$ and those that banged it, now is already nice time to sell, though it's still fresh to invest
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Very good question, and it's not about the past only even now lots of people wouldn't want to hear you mention Bitcoin or cryptocurrency because they need angels to come and convince them to invest in Crypto, I just imagine how 10 years from now would be for cryptocurrency and the investors of now
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It is a complete gambling to buy any coin when they are all green cos you may not be sure when exactly it is about to reverse, to be red is normal and it should not scare you at all.
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I've been involved with crypto investments, ICO Airdrops and bounty programs, I have a couple of tokens which anyone can call shitcoins, but looking at the crypto space in few years from now (say 5 years) would it be right to say that some shitcoins would eventually turn to something huge for instance Dogecoin (Doge), NETKOIN (NTK), Obitanchain(OBTC) and the rest?
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There is something I'm thinking though I don't know if it's right or wrong, that Bitcoin is the prime currency here, not necessarily because of its price but because of its blockchain project and being the first in the system so I'm thinking even if other cryptocurrencies price ever get higher than Bitcoin, will Bitcoin still be seen as the prime cryptocurrency? Or is the whole thing around the Bitcoin centered around its current price in the market?
Your framing of the question and the other two responses in this thread, so far, seem to miss the importance of bitcoin, and seem to attempt to conceptualize bitcoin as if it were the equivalent to other crypto projects, but with merely a larger market cap... In reality bitcoin is the only coin that really matters because of the way that it is set up. It solves the byzantine general's problem and networking effects have been being built upon it since the genesis block... There are nine networking effects that are outlined by Trace Mayer, and you can easily look them up in order to better attempt to understand the importance of bitcoin and it's paradigm shifting contribution to securing value in a way that is outside of centralized authorities that has never been available before it, and might not even have been possible until the internet had reached a certain level of maturity in recent years. So bitcoin the currency and bitcoin the blockchain are a combination of dynamics that create incentives to build network effects and to continue to build such network effects. The level of adoption remains less than 1% of the world's population, so it is nearly inevitable that BTC's price is going to be considerably volatile for many years to come (probably decades), and accordingly, the price will not always accurately reflect value... and it is also possible that networking effects could move over to some other superior coin/project, but there is nothing even close at the moment, so it is likely that any merging over to some other project would allow users to move with it, if such a project were to evolve in the space. OK thanks for sharing this, I get it very clear and it answers my questions as to whether it's just about the price or the Bitcoin blockchain, now I know that the blockchain holds the networking layer on which the entire crypto is built so it would remain superior to other cryptocurrencies irrespective of its price in the market. |
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Our patience level are very different and that's why most people didn't even care to ask for details before lashing the young man such is life and the cycle goes on and on but if it eventually turns out well it would be seen as a good idea
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This happens majorly because of how many people came in contact with the system, lots of people never had time to understand the crypto market itself they only depend on the speculation of others and noting of their own discovery. If they hear it is fall today then that becomes their worries and if they hear its rising then their mind is then circled around that
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In such situations the normal thing to do is to hold and wait till price goes well as planned but on the other hand there are many things that confront people and they might choose to sell their coins
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Some exchanges totally lacked swift support response to their users making it look like they don't care about whatever need or problems the users may run into, these are the things that differentiate the good and the ugly
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There are lot of so called project undergoing either ICO or just Airdrops but may never get to hit the market because they are dust from the beginning
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You can't just generalize in this manner as if to say all ICO are the same as the one you just talked about, there are ICOs giving people good profit for investors that's why ICOs are still here
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I think by now we should be used to the volatile nature of the BTC, I just stay put and watch the bull run for few more weeks
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It is a well known fact that good decisions are not made with intense emotions because emotions cloud the brain and prevent it good judgment trading is not different either, we need to avoid being emotional while focusing on good judgment in our trades
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