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Picking the top altcoins doesn't guarantee your safety. Because it's the market we are talking about here. You have probably the same risk and gain you have when you pick a coin at the end of the spectrum. But with those known coins the benefit is for a newbie that's the first coin they will invest on and trust. But don't be fooled that you will earn money right away just by investing it on that coin.
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Ethereum is more likely to be the ideal fiat when the time comes. It's much more flexible than bitcoin. And it's volume is much more predictable than BTC. Which means that more people will tend to prefer ETH in the long run and having BTC like a gem for safe keeping.
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It's just simple really. BTC is the first cryptocurrency out there. It's the foundation that built the market. So there's no doubt that it will be the most expensive coin out there. And come to think of it, When people hear "Cryptocurrency" they're first thought is BTC not ETH, BNB etc. And the price of BTC really depends on the market. People know that BTC has the most potential to all coins/tokens out there. So that's what they initially hold.
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It depends on the market really. The market don't follow a set of rules which you can use to earn a profit. The market is volatile which means even BTC or other coins can go bear. So it depends really on the time you are trading. You will get more if for example ETH is going to break it's resistance which will result on it's Bull market whilst BTC is only stable just bouncing back from it's resistance and support. So what coin will you trade? of course. It's ETH. But that's not always the case. So it really depends when and what coins you are going to trade and if it's the best coin that is appropriate for that time.
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For me I feel like Coingecko lacks something the Coinmarketcap has. which is reputation. I feel like Coingeko is mainly used for small time tokens which on the other side CMC is focused on listing decent tokens, just tokens that have potential. But don't get me wrong, Coingeko is still reiliable in some ways. but if you ask me personally, i would recommend you to use Coinmarketcap because of it having a good reputation and i feel like CMC updates a tad bit faster than Coingecko price-wise.
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There's still a lot of ICOs out there that are scams. So do your research one what you are getting yourself into first. We can't avoid people getting scammed by this schemes 100% but we can warn them. So if you found a ICO that is a scam you could report that or just warn people about them in their thread. Even that act can prevent people and have doubts on the campaign. But always do your research thoroughly before making a statement. There are still a lot of ICOs out there that is legit.
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Right, FOMO is scary is scary especially if you can't identify it. But it's quite simple to detect a FOMO. It's just all about reading the market if that pump is an irregular one. For example, If the market is not showing and indicators the it will go up and the market got pumped. It means the there's a lot of people who bought at that point which whales are one of the main reasons that happens. They do is buy it for a decent price and the market will react and people will think that the market will go up. which it does. but when the whales reached their price. They dump the market, which cause tons of people losing profit because of it. so beware. There's a lot of people who has the capability to do that.
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If you want to invest on a project do your research, I know. it sounds cliche in crypto but it's really one of the keys of not getting scammed and most importantly earn money. And if you have connections to people who have experience on investing on crypto ask them for their opinions especially if you are just getting started. There are websites on the web that gives you a list on what's the best ICO to invest right now. Why not give it a try?  |
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Binance is very well known in the crypto world. It is usually the exchange that New tokens/projects aim to enter. If a new token entered binance your coin will be known and possibly the reason on getting you token in that bullish market.
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Bounties right don't compare how much we earn in 2017/2018 which i like to call it the "Golden days of crypto" It's where's projects is really serious on competing in the market. but don't get me wrong, there's still a handful of projects out there that has the potential of the "Next bitcoin" it's just the matter on finding it and trusting it. But bounty is still a option for me to make money just to pay for any extra-curricular stuff. If can give you guys an advice i suggest you to try doing a bounty because you have nothing to lose.
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I tried registering in the website, but the slots are full for the signature campaign. Hope you can squeeze me through the participants. thanks!
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Go pick both. It good to have insurance when the other one go sideways (which is unlikely). Binance has a good reputation and it's well known. But if i would enter Affiliate marketing i would pick a trusted market with Low gas fees and exchange rates.
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It's a risk that is hard to accept. If i can give you an advice trade the amount you are comfortable with. Because one essential key in trading is being calm and if you trade raise that capital and worst case scenario you liquidate it. Then you would be buried on debt. Crypto market is so volatile that indicators sometimes is false. So if you plan to raise your capital, Just be careful and know what you are doing.
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This is great, especially for the people who doesn't have time or can't afford the exchange fees. This means that we can place PHP straight to Binance and not go through exchanging it to ETH or BTC before transferring it to Binance which can save us A LOT of money.
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Lets just say this, In making your decisions ask someone who has experience in trading/investing. Asking them before you decide on investing gives a greater chance of having a green portfolio. And also, Do your research. Read the market how and when will it go up or down. You must be independent when you trade. Because you can't just always trust others opinions.
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I agree, Trading is way better than Freelancing. Imagine how much you can earn in trading rather than freelancing. And the experience you get in trading you can't forget. the worst and the best. but if you are a busy guy who just want quick easy money the i guess freelancing is one of the ways to go.
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Trading in a volatile market is very risky. Especially if you lack the experience. So if you are just getting started, I would recommend to just trade around 20-$50 just to get a feel on how the market works. If you plan on trading on a Volatile market just remember the risk and stay calm. Happy trading!
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The market is now gaining traction again like what happened at the end of 2018. If the market flows like this we can really expect to reach that price in Q1 2021. so if I were you I would take it slowly on getting back to trading especially when you are dealing crypto.
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