Most likely, many people are afraid of new tokens because most of them are just a scam and after a while they will not cost anything, so people are very careful to invest in them.
Not if they have knowledge of the basics of investing in crypto and do some research. I realize that many newbies are afraid to invest because of the many scam projects that are circulating, but we all also know that they can also prevent this by doing a little research, finding information from good and reliable sources and ensuring it |
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I don't think the Bitcoin is ready to be the first world wide currency as I've seen it's not yet fully accepted world wide and most of the information about Bitcoin and cryptocurrency is not yet adopted world wide also the lack of technologies and in needs of internet connection in order to make a transaction.
Yeah, Bitcoin is still very far from being accepted as a world currency. For example, for developing countries, there are various cultures and activities that can't be replaced with digital at this time. For example, such as payment and banking. Maybe in a country with a high level of technology, of course traditional problems are quite easy to solve, but with people with diverse cultures, they are still happy in a conventional and traditional way |
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As of now bitcoin are raising its value due to pandemic the demand for fiat currencies have been decreased drastically and digital currencies are now in demand. This may lead for another price raised on btc so i may say as of now its better to invest on bitcoin while its still low. Due to the pandemic, many people have come to crypto and there are also some people who are looking for extra income on crypto because it's difficult to find work during a pandemic. Right now the pandemic is bad, but for some obvious reasons, bitcoin is gaining significant momentum due to the trend towards digital currency. |
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I wont say that BNB will lose to ethereum. the fact is that BNB is still a pretty good investment due to the good performance of their platform. as an investment, both are quite good but in terms of usability as well as long term maybe ethereum is a bit superior
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Obviously, I think storing valuables, like private keys and others in the cloud is not recommended and even I don't like it at all. there are several potentials that can happen to cloud storage and the most common and also often happens is hacking
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Gold currently has almost the same momentum as bitcoin. I think bitcoin can never beat gold. after several countries announced a recession, gold's position became even stronger. In addition, gold is also more stable, making it a safer investment
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If you think it's a pretty good opportunity, I suggest doing research on the project and their team. If the project has a good realistic value and they also have a credible team (it has been on blockchain or crypto for a long time) I think it is worth considering, the key is the realisticity of the project and its team
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This new information is great for anyone who stores their private keys online. Hackers will continue to struggle to find ways to get what you have. but before that I thank you for this information and be even more careful. I believe that before hackers take action to steal cryptocurrency from someone else's wallet, first of all it was necessary to attract their attention, that is, go to a phishing site or show the real attitude of a particular email to the owner's activities in the cryptocurrency market, since having only the wallet address and information about the balance, there is no way to steal it. Yes, you can call it phishing. myetherwallet has also given a warning to bookmarks their website (if you want to access it using browser). Scammers use many methods including creating a website that is almost or even similar to MyetherWallet to create phising sites |
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Bringing the Bitcoin in 100k$ in just a few months I don't think it's possible. If this true the price of Bitcoin might be bearish for long time . I don't expect the scenario ad we have in 2017 . I believe the price of Bitcoin is possible to increase up to 25k$ but in 100k that's too much and it will not bring good sight to Bitcoin . Many investors will be more afraid to invest if that things happen again.
Agree with you, and in my opinion there will be another bearish after bitcoin hit new all time high. but yeah, maybe we will see something incridible next year for bitcoin. |
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How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.
What are your views?
We will know if Biden already seat on the Whitehouse since right now, we can just speculate and those words of either Biden or Trump right now is just for the sake of election, their real work will begun soon and we’ll see if Biden can really support cryptocurrency. We know Trump, support bitcoin before and after that Trump says they didn’t recognize Bitcoin at all, and in the past months Trump says Bitcoin is a big thing, so in short everything is possible to happen. yes, I saw it too. Trump said that he does not support bitcoin because it has no real asset basis and according to him the price is determined based on "thin air", but if he has changed, of course that's a different story. Same as JP Morgan in 2018 who said that bitcoin was a fraud. |
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P2PB2B, coinsbit, vindex, ex market latoken These are examples of Bad exchange.
I don't even go close to the mentioned exchanges here, poor volume, delay in withdrawal, poor security, very low Liquidity, poor exchange management, zero community interest are some of the bad aspects why I strongly avoid these terrible mentioned exchanges. For now I do more of Uniswap, and then Binance. Occasionally I use other CEX like hotbit, mxc, and stopped using Kucoin after the recent hack. I would still use CEX if it involved any decent value. exchange that underestimates customers, making delays that should not occur is an exchange that indicates it has bad credibility. |
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Good tips, This is what newbies really need to know before investing. First thing to do is learn how to take the step and set aside the thought of big earnings first so as not to be deceived and fooled by fake investment projects. And can go along with the good ones after having a good research.
Investors needs to learn more not just to keep the sweet promises of those scam developers, if they now how to sort good project from not then the chance is really high for them to be compensated, it's not always for the money but best for the knowledge first to avoid being victimized by many scammers that rounding inside this venue of investment. Sometimes there are many newbies who have trouble doing research because they don't know the basics of crypto investing. because unlike conventional businesses, what is promised in most crypto projects is very easy to forget, and many newbies fall into this trap, sad. |
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Almost all new defi projects are raising millions of volumes while they are joining uniswap. What do you think about this? I can't believe all these new defi projects because they are creating fake volumes while they are participating in uniswap even after some days later there gonna to scam.
Really i am impressed your opinion, let's share your mind about it.
It's the latest FOMO like it was ICO FOMO in 2017. They put in all these flashy words like yield farming, high APY etc and people fall for it. But, like any scam, if you do your due dilligence, you can avoid getting butthurt High APY everywhere lol. I think the trend has decreased considerably compared to last month. I'm sure the DeFi industry will also undergo some major changes as the number of cases occurs. there may be a structure where defi projects will be safer when they use the procedure, so even newbies can avoid scams |
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BNB, Litecoin and BTC. maybe I'll add some coins to my portfolio, like Dash or Tron. but right now I'm quite happy with the development of bitcoin prices and I'm sure that we will see something really good in the next few weeks  |
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Using Active telegram group is a 👎 way of choosing a good project, you can't expect a active project team to spend their time on telegram groups all day, they have to get their asses busy on developing the project, telegram group is for asking questions not judging a project
Good opinion, telegram is a means of communication. but you can also see and check the quality of the conversations on the high quality project. it would be great if they (team members) were able to provide a little insights or at least the progress of their current project they are working on |
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I've also seen that happen, But I think the reason is the recent "Defi hype" that quite steals the focus on the IEO spotlight, Because base on my observation, not just Binance has experienced it but also in some other top tier crypto exchanges. And now that the Defi crazed was already fading let us compare the next IEO results in Binance or in other Top exchange that also doing and IEO. The DeFi trend is indeed a something, if you look at projects like Maker, Curve or Sushi, they can attract traders' attention more easily, in fact almost like in ICO 2017 where everyone dared to spend a lot of money to invest. ofcourse this has an effect on the running of the IEO. but so far the IEOs on Binance are still strong and still able to make the market |
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Totally agree with you, there is always a visible market cycle in the development of bitcoin prices. I feel like bitcoins can hit $ 100k sooner than 2025, but what's next? will mass adoption already take place in when bitcoin hit $100k? The next thing that can happen to bitcoin is the price will be up and down, and before the price reaches $100k, it will still go up and we can use that to make a profit before we can make a huge profit. But waiting for 2025 will be too long because that will be 5 years later, and we don't know if we are still in the crypto world. But we can still try to make more and more money from bitcoin by buying and selling bitcoin until 2025 to see what will happen in that year. Hahah that's right, 5 years is quite a long time. maybe in the next 2 or 3 years we will see a big thing happen to bitcoin, when a lot of people are using bitcoin and everyone is probably also doing transactions from paper money to digital, I think that's the thing that will make bitcoin hit $100k sooner. ofcourse, there will certainly be fluctuating ups and downs but if mass adoptions occur it doesn't seem like a problem |
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The traffic in the market today is big and I hope ETH is also working for this one, to minimize the fees and to make transactions a lot faster. The update always bring a good pump on every project so technically, if ETH succeed expect a more expensive ETH and if possible, new ATH will be made. The hype on this update is increasing, plus the effect of the uptrend with bitcoin so I also believe that ETH will make good pump again.
It's because the bitcoin trend is rising again. and ETH can trigger the price, maybe we can hit new ATH in 2021 when bitcoin on $20k. the announcement also very good btw, more people will back to eth again because the gas fees will be minimizes |
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Well you have to think about this in market cycles.
We should be finishing up another market cycle with a huge peak in the next two years probably. It might hit $100k at that point, or perhaps it falls a little bit short. So $100k could very realistically happen by around end of 2022, but that would be for maybe a few days right at the peak of the bull market.
Totally agree with you, there is always a visible market cycle in the development of bitcoin prices. I feel like bitcoins can hit $ 100k sooner than 2025, but what's next? will mass adoption already take place in when bitcoin hit $100k? |
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It depends on their project because there are telegram groups that even active become scams because most of the members of the telegram groups are bots or using multiple bot members but there are also other telegram groups that are legit and it helps a lot to be given news for they will make a plan for their project and it will be good for investors to keep their coin holder and not dump the price.
If you do better research, you can distinguish between healthy conversations and toxic ones (mostly by bots). An active community is very important, especially this is a project related to blockchain where everything must be transparent and open. |
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