You misunderstood the main purpose of bitcoin. It was created by Nakamoto mainly to use as a blockchain technology and as a peer to peer digital payments. It doesn't make sense to compare btc into some stable coins. Other consider it as a store value and investment.
And those traders you are talking, they are gaining profits by doing that.
Why exactly do we need it? I want to be a part of this advanced technology, when I am using btc I wasn't controlled by any organizations or institutions. That's freedom.
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You can buy different coins with that $10,000 of yours. I don't think it is advisable to use suncoin platform. Never heard about that though. You can actually buy different bitcoin and/ or different crypto coins in an exchange. You can buy in:
* ATM machines * Localbitcoins * Exchange Platforms (rather than suncoin platform)
Since you are new in crypto, you can check this out to further guide you:
-https://www.buybitcoinworldwide.com/en/buy-bitcoins-with-cash/
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IMHO, this bear market we are experiencing is the preparation for the halving event next year. If you are gonna asking for thr boom moment, yes, there is a higher chance that it may increase the price. Chances are higher if we are looking at these circumstances in halving: -The previous scene (previous halving) shows positive bull run, -The demand and supply is affected which resulting to the increase of btc's price.
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I am both an altcoin trader and a leverage trader. When it comes to trading at this bear market's situation, we can actually consider some leverage trading. We can have an entry at short when we think the market will still continue to go down. But this leverage trading is so complicated and very risky compare to altcoin tradings in binance and in other exchanges.
If you aren't ready for so many liquidations, do not do leveraging unless you are aware of all the possible consequences. It's not about the long and the short entries but we are going to read technical analysis here.
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I Want to get attention of all its users and those who are planning to try it out, Guys, be careful and be alert because there is a virus injects itself called Spidey BotCalled "Spidey Bot" by its discoverers, the Windows malware injects itself into Discord's code and steals your username, email address, IP address, phone number and Discord user token. Reference: https://www.tomsguide.com/amp/news/discord-spidey-bot-malware-is-stealing-usernames-passwords
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It is hard to answer when will be the altcoin season like 2017 does. We all are hoping for the comeback season of altcoins this 2019 but was only a disappointment since only shitcoins are created without further use in crypto market. On the other hand, which one to keep/buy? I suggest you only hold and buy those coins that are established like btc and eth. Those who are on the top 10-20 lists in CMC and choose those projects that have a significant use and objective. These implies a capabality and potential of a certain coin.
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Let me add this rules. - Always set stop loss in every trades.
We can't predict when will the btc's price will go up or down. In short, there are so many sideways that can lead to the big losses. However, setting stop loss will definitely lessen the possible huge lose..
- Set target profit.
When we are greedy to aim foe high profits, sometimes itnis unhealthy and can probably mess up everything. Setting target profit will eventually give you a smooth trades.
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It is better if you find personal coach. An immediate family or friend of yours, acquintance perhaps that can guide you well and give you a go signal in a certain entry. Looking one in the internet needs a few bucks. There is a certain paid groups actually that gives a go signal for buying and selling in a particular price.
However, what I can see in you, is the lack of self confidence. You've said you are watching some videos, probably if you understand what you are watching, you can do well in trading even without a mentor or a coah. As long as you trust your own TA, a great step as a success will follow.
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It's because we have different approach receiving knowledge about bitcoin. I have just two things why others may or may not understand what bitcoin really is:
1st. How they explained bitcoin (as an investment tool , as payment options and as blockchain technology.
2nd. Not using easy terms. Many pretends to know blockchain but do not really understand it.
It is somehow complicated to know yes, but there are many easier ways how to understand the essence of btc. One example is the youtube videos and the infographic images.
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I've read the article. Fortunately, never experienced exit scam before and I don't even want to experience it. It's also not base on the poorly written whitepaper. Some may have an awesome whitepaper but ended up as a scam. When it comes of joining a legit project, a team's responsibility to show some progress is very important. Here's additional info how to know if it is a legit ICO project or not. https://hackernoon.com/how-to-spot-good-ico-how-to-spot-scam-ico-f0f57c1a4c38
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note: for some reason I am not a fan of ETH and trust in the potential of ADA much more
Since it's your own beliefs and I respect your opinion. However if you will gonna ask our real experience, ethereum gives more profits than ADA, well as for me, huh. Also, since you are new in crypto investing. It is good you seek advice in your portfolio. Quite disappointment that you choose some unpotential crypto coins. Xrp for example.
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Kaya siguro pinatigil muna ng US kasi baka nakitaan ng butas o may mali na kailangan munang maitama ito telegram para hindi malagay sa alanganin ang mga investor nito. Hindi naman lingid sa ating kaalaman na marami na ang nabiktima ng panloloko sa pamamagitan ng ICO kaya ito ang nakikita kung dahilan kung bakit ito nangyari sa proyektong ito.
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There are actually so many hindrances for bitcoin to become a global currency as you are wishing for. First, it is centralized and doesn't control by any institutions like governments and banks. Second, it has high volatility characteristics. Third, not all country accept bitcoin legally. A high chance that it is impossible for it to become global currency.
I don't really understand what ID's are you talking about when it comes to btc or even in btc transactions. That's why it is anonymous it's because we just relying with the btc address itself.
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We can easily suggest any exchanges we are currently using like binance, coinbase, etc. But since you say that you are a newbie, I think this guide will gonna help you choose which appropriate exchange will gonna do tradings. https://www.buybitcoinworldwide.com/#picking-an-exchangePerhaps, it may help you decide where you finally trade your bitcoin. Remember that security and trusted ones should need to consider here.
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Good thing they have announced it before they finally closed it down in different countries. I can't imagine if ever they go shut it down without prior notice to everyone making it as an exit scam like other scam exchanges does. Hope those users tend to withdraw their funds last Oct. 18. I've read here that their bitlicense was denied. That is the main reason why they are shutting down with 31 countries.
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It can be possible that the price of that coin was manipulated by a dump and pump group. With that, we shouldn't be fall for those 155% increased. That's their way to attract new investors to buy the coin. However, according to CMC it is ranked as 227. No way I'm gonna buy it. We can still choose to buy deserving and trusted coins. Their platform isn't that special, too. Buying and selling with their blockchain.
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What you mean is, stop bounty hunters to promote such scam projects? Easier said than done especially when a participant or a promoter wasn't aware if it is a scam project or not. Literally, that project still paying those promoters. And what's significant from the bounty hunters is the reward they are receiving.
High returns, high rewards, that's what they are after to. Regardless of the obvious thing that a certain project will be useless after launching it, the big point is that they are giving away their product tokens as a payment. Majority of the bounty hunters are happy for a few bucks. Sad but true.
But I agree, "less supporters, less scam projects" . Makes sense though hard to implement.
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A big possibility to happen. Since RSI was oversold, expect some huge bull run. But it since many have an entry to buy long, we can't really be sure for it. On the other hand, I am very optimistic about it. We've touched down at $7500 few days ago, it is time we experience some increase in upcoming days.
There is a breakout at $8200 and it will continue to bull run as expected.
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It's because bitcoin transactions is not completely anonymous. And in order to achieve that complete anonymous features, user may wanna use bitcoin mixers to mask the identity for different personal reasons. For them, using bitcoin mixers will protect their privacy. Identity remains a secret, if there is a dark reasons why they want to use it or not. We can't really know. You may wanna watch this video regarding bitcoin mixers. It stated some advantage of it. https://youtu.be/JCn2QyvLQEM
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