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I'm more comfortable investing in Bitcoin and ethereum for long term because they've been around for a longer duration in the industry and they hold a significant percentage of the coin market capitalisation. I doubt one could ever go wrong with Bitcoin because no matter the dip, bitcoin always come back greater.
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Cake tokens has been gaining popularity just like other Defi projects and that has contributed to the market value increasing, but I'm personally not very comfortable using the tokens for passive income as it requires investing a substantial amount of cake and with the news we hear about hacks on Defi platforms, I'm not comfortable with the investment.
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Despite the increase we had during the last bull run, bnb didn't make it to 1,000$, I still believe that there's a possibility for binance coin hitting the 1,000$ target. Binance has a strong hold on the cryptocurrency industry and with the level of service and use case been developed by the project, the bnb could even surpass 1,000$
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No doubt, this is the best time to buy more crypto owing to the fact that we've experienced over 50% decline in the value of most cryptocurrency. I'll go with Bitcoin and ethereum for a long term hold because the market don't seem to be bullish anytime soon. What ever decision on buying cryptocurrency should be in the light of a long term hold because we're in the bear market presently.
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Several persons are getting discouraged participating on bounties and airdrops, the major reason is because most persons end up working without getting paid, probably because the team refused to pay after the work has been completed or the project failed and there was no point distributing worthless tokens.
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It's quite unfortunate that McAfee chose to take his own life. I feel really sad because he was a great cryptocurrency influencers and I remember making several wrong investment choice following his thread. Its bad that it all ended this way, I hope he finds peace now.
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Crytocurrency ecosystem is still in development stage. Most times we feel something new is the best, only for them to be overshadowed by better technology. The advancement in the industry is superb and it would be unwise to set up an ideal standard when we're dealing with the issue of rapid obsolescence.
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The cryptocurrency market has left me with different experience, the good, the bad and the ugly. Joining the crypto industry was a good decision and I've learnt a whole lot in the industry. I made countless wrong decisions, and a few great decision which I still savour. I've losted severally for trusting a project to do better and also for selling out quickly.
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The downtrend of Bitcoin has been ongoing for a few weeks now and as it stands its a general situation as most cryptocurrency are on the same path. I don't think it's the end of the road as there's still a huge possibility that we're going through the correction stage which is a normal phase
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I sincerely don't know what could have led to this extent of reduction in the general prices of cryptocurrency in the market. I understand that the market is volatile and there is a huge possibility for market correction after the bull run. I'm still positive about the industry and personally believe that this phase would pass very soon.
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The market has been bearish for a while now and it feels like this could be the best time to get more tokens at a cheaper price, but always remember that the market is volatile in nature and there are no guarantees as we could either experience a pump or a dump after you purchase your desired tokens.
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There are only a few bounties on the altcoin section that could be very lucrative, most of the lucrative bounties are on the bitcoin section and are majorly available to high membership accounts. The bounties on the altcoin section are more but only very could end up being lucrative, most of the new projects may not end up being successful and that could result in bounties not being lucrative.
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