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Now, altcoins are competing with ethereum and not to bitcoin anymore. The best example is CARDANO. It seems that since they cant destroy the king, they are now targeting the queen and wanted ETH to beheaded. All those altcoins always claiming that they will replace either BTC or ETH where in fact, they simply following its footsteps but only limiting or avoiding the same mistake happened to ETH or BTC. By the end of the day, they are only copycats and the original will still remain on the front line. Those claimers will forever become a follower of front liners.
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I just checked the website and found an interesting partnership with other platforms like Tomochain, Bitdegree, Debitum, STK and many more. Well, it is not surprising that they already raised $50 million in 50 hours with such partnerships. There might be a possibility that they caught a huge fish to invest to their ICO or what they call private investors. I will not be surprised if they will reach their hardcap in just a short time. If you are planning to invest ti that platform, better to do your own research first.
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This type of price dump for ethereum is to be expected because BTC price also went down the price below $6000. I heard that those FOMO and FUD type of investors was shocked with bitcoin ETF got delayed until September 30th. I am wondering why they fall with such an obvious trap set by those whales and market manipulatos where their goal is to grab as many as altcoins they wanted in cheapest price. Well, we still have to keep an eye with ETF approval because if that got approved, Ethereum might reach its all time high next year.
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I just read the article and those reactions throughout social media are more informative than ETF decision. People are over reacting with that news and unfortunately, many are still being caught with an obvious tactic from the manipulators to get BTC as cheapest as possible because there will definitely a hype of cryptocurrency by 2019. Panic selling was done and on the next week or so, BTC will surpass $7000. That's for sure. It might be a long wait but worth waiting. |
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Nothing is impossible for price dump in crypto market so there is always a chance that Ethereum might go down to $50 but on the other hand, i have this biggest doubt that it will never touch $50 because there are millions of investors who are also bullish to buy Ethereum just like the demand on bitcoin. Well, if ethereum will go down to $50, i am pretty sure that all erc20 tokens will also be dumped hard. I will put all my money on my bank account of ethereum will go down below $50 and hide it to my hardwallet.
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Getting the reward from bounties usually depends on the strategy of the ICO team because they are also aware with a price dump made by bounty hunters. It is obvious that they will prioritize their investors first before the bounty hunters right? On the other hand, bounty managers also have to get permission to the ICO team before distributing those rewards so it really takes time before we receive those rewards. I participated in multiple bounties and based on my experience, I also would recommend that bounty rewards should be paid by ETH to avoid price dumping from bounty hunters. I hope that someday, this will be implemented here in the forum or bounty managers.
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BItcoin is the first cryptocurrency and moves in the shadow to upgrade their network to provide a better service. It was being recognized and many are seeing BTC as more valuable than gold. It might be a threat for a whales businesses or might replace fiat currency but the positive side is that it hold and will make changes in financial freedom. BTC and ETH already proven their services and the team behind these platforms are also moves above and beyond. There are so many positive reason why these two are very consistent sitting as the king and queen of cryptocurrency.
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There is a big possibility that those whales are now more active and smarter than last year's manipulation. Bitcoin was reported as over sold last year and even expert traders in tradingview.com was expecting this type of scenario where BTC and other cryptocurrencies will suffer because of the hype last year. History repeats itself and this is not the first time it happen where a price movement of cryptocurrency moves negatively. We better prepare by next year because there is a possibility that cryptocurrencies will bloom higher and greater than last year. You better start grab your favorite altcoin at its lowest price and today is the best time for that.
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I believe that it depends on what country they raised their ICO or where their company is located. Their penalties and charges will be decided base on the law of that country or if those scammers where captured, they will be transferred to their own country for a proper penalties and charges because they are still covered with human rights policy somehow. For me, those scammers should be in jail for the rest of their lives because they are only tainting the image on cryptocurrency all over the world.
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I also prefer trading and holding ETH rather than BTC. Most of you guys here in the forum always comparing ETH to BTC or always speculate that ETH will someday replace BTC as number one. Those speculations might happen, depending on how ETH will evolve. I am seeing ETH as more profitable than BTC and i believe that most investors also feels the same way. In popularity, BTC still takes the lead. As you can see, it was always part of the headline in each ups and downs in the crypto price.
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We always seeing bitcoin and other cryptocurrency as a substitute to real money someday. Sooner or later, recognizing bitcoin as fiat money all over the world will happen as soon as the government have concrete regulation with BTC and with those altcoins. This may take a couple of years but it will definitely solve the problem of fake money because cryptocurrency are encrypted to a blockchain. All are recorded and nothing to hide with the public.
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Based on my experience, I will invest to an altcoin that have active and large community in a way that the team keeps providing update with their investors and supporters. Look on CREDITS token, this altcoin really got a potential and is under valued. They keeps posting throughout their social medias and group channels about their partnerships which are a lot. Try to observe the price movement first before investing and check how dedicated their team to promote the project.
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Ask yourself of what will happen if your start loosing your hope with your investment because of red market. I am pretty sure that if you start thinking negatively, you will start panic selling those altcoin of yours which will lead you to a bigger losses. In the end, the result gets worst right? You will start having those regrets not holding those for sure. If you wanted to earn in cryptocurrency, start building ways and strategies how to earn in a red market. Google is here to help.
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John mcAfee was right, the main goal of the bounty is to stole the money on that wallet. It is still unhackable as of now but the fact they got the root access to the wallet will only give a hint to the wallet manufacturer to provide additional security with that device. This bounty is for an improvement of the wallet and the more they receive an issue, the more they will develop the wallet if those bounty hunters will be unable to get the money to that wallet. A child play isn't it?
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Technical analysis really is one of the secrets for a profitable trading. It will guide you and will give you better calculations when to enter and when to sell those altcoins for a secured profit. I am unable to read technical analysis a little and it definitely gives me a clearer view where will the price drop or until when it will go up a price. Still, controlling your emotions in trading is the top priority when trading or you will just guide your self to your own losses.
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I would choose CARDANO because this altcoin really have a future and might surpass Ripple or IOTA someday. If you are active in crypto news, you will notice that there are positive rumors about Cardano and a news that will wow an investor once they read those articles. I am also planning to invest in Cardano for $100 to $300, depending on how it plays. By the end of the day, the result of your own research will be chosen so it really is up to you if you will choose Cardano or TRX. Both got a brighter future in any ways.
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There are many other ways to make money in cryptocurrency. If you already lost in trading, stop temporarily and unwind a little. Turn your time to pariticipate to bounty and airdrops to make extra income to cover those losses. If you are only holding those altcoins you mentioned, you better hold your horses and wait for the right time when to sell those or start making some red flags or stop loss position to minimize your losses then buy it back in much lower prize. Multiply your holdings instead.
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