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One of the warnings that should not evade the mind of any cryptocurrency enthusiast is to avoid phising links at all cost. These links are responsible for the theft on one's wallet. The idea of connecting wallet to verify and obtain airdrops is something I disdain and strive to abstain from due to the risk potential.
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I'm personally not surprised when I hear of government having conflicts with cryptocurrency related companies. The issue is that the government needs to start thinking differently. They should devise means of taking advantage of the cryptocurrency industry and getting taxes or something beneficial from cryptocurrency companies instead of conflicts.
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There are only a handful of altcoin, I consider to be worth my investment. I personally believe in projects that have stood the test of time because I feel they have the needed structure to strive even in bad market conditions. My best pick are ethereum, Bnb, KCS, Litecoin and Trx. These projects have their own issues, though their market capitalisation are healthy and that's what I'm particular about.
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There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?
The market is decentralized and that gives everyone the privilege to create as many coin as needed. The onus is on investors to test all projects and know the ones that are worth your money. People earn relatively very high in this industry and the possibility of loosing is still very high. We are all called to be responsible for our financial decisions and DYOR. |
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We are all awaiting the arrival of the next bull run, but there's no certainty that meme coins would be pumped during the bull run. The market is volatile and more projects are being created frequently, so it's better not to get your hopes shattered as anything can happen in the next bull run.
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Investing in just any altcoin you see is like throwing your money to the winds and hoping that you get want you want. To get results there's need for careful planning and strategies. This requires intensional effort to find out about the validity of a project and the possibility of increase in value. There are several projects in the cryptocurrency market that have no bearing and are moving towards demise, so taking time to get information about projects would help you avoid such projects.
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The issue I personally have against meme coin is the fact that they're not adding any sort of value to the cryptocurrency industry. Most meme coins, if not all are merely pump and dump object used by the developers to carry out their unruly enterprise.
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Investing in the cryptocurrency space is a hard decision, I must say. Especially when you choose to invest for a long duration. The issue is that after a while and your expectations seems not to be close you may get uncomfortable with the investing period and choose to cash out only for the project to pump in few days. This seems to be my experience and I'll need everyone to be mindful of issues of this nature.
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People seem to have become millionaires in previous bull cycles with modest investments in BTC & ETH. If I invested in 1 BTC, is it enough to make me a millionaire by the next bull run, or are there an elite number of alt coins that could help me safely achieve what BTC & ETH once did?
Investing in bitcoin would rarely make you a millionaire, simply because the value of Bitcoin is already very high and you are only investing one bitcoin. If you consider putting same amount in other less valuable coin, it may be possible to surpass the millionaire goal as there would be multiplier effect when the value of such token goes higher. |
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I personally won't invest in Shiba inu, because of my reservation on meme coins, it's widely known that meme coin has no valuable contribution to the cryptocurrency industry and as such lacks long term viability. It would interest you to know that most people investing in meme coin are simply after increase in returns and with Shiba inu, the possibility of getting such is harder.
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The confusion about the validity of the PI Network project has been for quite a while. My main issue and fear is in relation to the tedious KYC verifications process and the risk of loosing my personal information to the wrong person. I would rather wait for the project to launch and become active, than to risk my valuables, while striving to benefit from it.
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#PROOF OF AUTHENTICATION POST
Bitcointalk Username: Tessyb
Bitnity Username: still-voice-7561
Campaign Category Participated: Twitter
Bitnity ETH Wallet Address: 0xeb3F5B22EaA709ff1D037d2794bA873e07530d5c
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