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Very true... Most times you buy low, it goes even lower and making you to wait endless for it to rise again before selling. If you are lucky, you might get to wait for a short time, if you aren't, then you wait a longer time or simply sell at a loss and move on. I have seen cases where prices never rise again and some of the projects disappear or die a natural death leaving you with whole bag of shit and dead tokens. It isn't always an advisable way of trading. If you must, then only buy or trade the top 10 to 20 coins on CoinMarketCap.
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Personally, I have been buying Binance's BNB token at every dip because I strongly believe it hasn't really actualized its true price. I am hoping to see it at 50usd before the year runs out. Its utility makes it one of the most sort after cryptocurrencies in the market and I think the binance influence will only make it value soar in the long run. Some other useful and potential coins or tokens are Matic, XDB, LINK, WRX etc. These are crypto assets I believe will be rewarding holders greatly in the near future. You can check them out and do your research.
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This advice isn't only for newbies but for everyone looking to invest in cryptocurrency. The truth is, only the highly ranked project on kucoin actually have a wide scale usability and market capitalization. This makes these coins/tokens not only stable but more secure compared to the lower project tokens. There is a huge tendency that these lower tokens may some day cease to exist and thus, making away with investor funds. It has happened repeatedly in this industry and there is certainty that it will happen often than not. Everyone is investing in Bitcoin, Bitcoin cash, Ethereum, Binance coin today because they are the big players and as such people are much comfortable with these projects. It is wise to believe and trust what you can actually see than what you have doubts over.
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I believe the only catalyst needed for any altcoin to increase in value is a use case as well as marketing and public acceptance. What you see with Binance's BNB is demand due to its overwhelming use case on the binance platform which host hundreds of thousands of traders daily. BNB can't be compared to ETH but it is still good in value due to its use case and public acceptance. Binance has penetrated the market and in so doing encouraged the use of its token for most things meaning the public has become comfortable with transacting in BNB. If other altcoins can replicate this, they will certainly do well and increase in value.
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#PROOF OF REGISTRATION
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Am afraid not.. IEO tokens on binance follow a particular trend and they are mostly good for pump and dump after immediate listing. Binance tries as much as possible to favor IEO participants by ensuring token listing price is much higher than IEO price. They do this and often times, the tokens pumps and does x2 to x6 of the IEO price and then the token dumps massively. If you are unfortunate to buy the top and hold thinking of continuous pump, you will likely get burnt. The best is to dump when it does a huge pump and then rebuying at the base prices and holding for a future pump.
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Ethereum has been in this space much longer and has actually held its own with several thousands of cryptocurrencies building on its blockchain. It's utility is vast and incomparable to BNB. Not only does ETH offers much better versatility, it remains one of the most used and most sort after cryptocurrency. The chain can be tweaked and used easily to much impressive gains compared to BNB. In terms of price and value, ETH has maintained a solid price over the years. I will completely go with ETH even though, BNB has massive potentials. It remains to be seen how well and how much BNB will carve out its niche successfully.
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I have no idea why this is becoming a recurring issue. Once a project gets listed on binance especially, they quickly place strict rules on bounty distributions. Its possible that this is always keyed into listing agreement in order to protect IEO participants. It happened with harmony project and we have seen it happened on cartesi. The unfortunate thing is, bounty participants often get to be at the receiving end of all these ridiculous decisions.
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Unfortunately, we got to find out about their dubious tendencies very late after we had been ripped off. I deposited some ETH there with the intentions of pushing a token there. The trade went smoothly but trouble started when I wanted to withdraw my tokens. They asked for ETH payments as withdrawal fees which I reluctantly paid them but till this day, my coins never got to me with no trace whatsoever. Vindax is a huge scam!
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Top on my list is XDB from digitalbits. The idea behind the project is extremely remarkable and targeting a multi-billion dollar industry. With the amazing developments already in place by the team, the price has grown effectively from the near worthless price it was last year to over 10 times the price and still growing. With more partnerships and use cases planned, there is no doubt it will be extremely rewarding to holders and investors. Already, there is so much movement in the market capitalization of XDB and this is only going to grow.
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There is never a late time to buy Bitcoin and Ethereum. This is because, this technology and assets is still relatively young and those already having a stake in the industry are considered pioneers of this initiative and revolutionary technology. Now, imagine when the whole world wakes up to the realization of cryptocurrency. It will be massive as more people will be scrambling to get in and this will most likely send prices up rewarding investors greatly. The beauty of the whole thing is, this technology will be completely sort after.
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You should ask yourself some questions before you embark on the bounties journey. Are you really prepared to work with the hope of getting any form of remuneration? The bounty industry is full of uncertainties and totally different from what it was 3 years ago. Nowadays, only few bounties tend to make you a few pennies after several months of hard work. Some won't even pay you or will delay your payments meaning you work without reaping the benefits. The industry is unregulated and this has left bounty hunters at the receiving end. However, you should also know that, there are other good bounties out there that will pay you. So you should consider carefully if you are ready for the "ifs" and 'maybes'.
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