I agree with you. Bitcoin can be used in long term and short term investment. For day trading, you should first know the risks of doing so. By doing day trading and earn 1% each day is not bad. But maybe it has a big risk. It is quite difficult for newbies to refer to regular market prices. I think bitcoin is more suitable for long-term investments.
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If there is another big bull run and BTC will go up more than the $20k value like last year then XRP will be at 5$. Last year we predicted 5$ and it went to the 3.83 USD. One month ago the price of XRP was so dumping but now after a long sleep, Ripple is giving huge profits to its investors. At this moment the price of XRP is 0.53$. So, It will be very difficult for Ripple to cross 3$ in this year.
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Yes, of course, bitcoin can be more efficient than the bank transactions. Because bitcoin transactions are cheaper and faster than the banking transaction. I strongly believe that it is more profitable than transactions via banks whose administrative costs are still expensive. But in terms of security, banks have a trusted and guaranteed security.
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Honestly, there's no easy way to earn ETH. But you can participate in bounty campaigns of some projects. Joining a bounty which can give you tokens that are compatible with ETH. By participating you can earn some project’s tokens. And these rewards/tokens can be absolutely traded or converted to ethereum. By this way, you can earn ETH.
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Bitcoin is a volatile currency so fluctuations in its price are normal. For investment, bitcoin is best now because the price of Bitcoin is rising slowly. There is sure possibility that in near future its price will be increased. So make a trust in your mind and don't doubt on bitcoin investment.
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I think it depends on the market situation, if there is a chance to gain profit then I will sell my coins but not at all. I will sell all of my coins if it looks like they have reached their peak. So I'm holding as long as I can. I believe holding LTC is very potential because this crypto will have a bright future.
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It is a good news for the crypto world. And it is a very good initiative that Japan is started paying salary in bitcoin. I think it will help the cryptocurrency community. And it has a good effect on the price of bitcoin. I hope this will inspire other countries to give salary in crypto coins!
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Yes, I also think that hold approach is good bitcoin because of the unpredictable market of cryptocurrency. Holding is the best option rather than trade on the market because the market fluctuation is temporary. Long-term holding is obviously good compared to day trading. I believe it is good to hold when the price goes down.
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Of course yes, ETH will recover. Now ETH is already recovering before than past two weeks. So I am very confident about that ETH will surely recover like the beginning of this year. I think this is the perfect time to buy ETH. You will get much profit if you invest in ETH now.
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Yes, one thing is right that we are seeing the price of Ripple is increasing. In my opinion it is just temporary. I don't think ripple price can go up to $100 now or in the next bull run. But I think its price goes up maximum is 10$ per XRP. We should not miss the opportunity while the price of XRP is perfect for buy.
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Yes, you should invest but you should also be careful of scammers. I would suggest to study about cryptocurrency first. Then you can invest in bitcoin or in some altcoins that are in the top 10. You should not be greedy, you need to wait for a bull market. I hope sooner or later the price will grow up.
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Yes, you are absolutely right. I think every investment market is risky, it’s not only just about bitcoin. Bitcoin is for the long-term investment but most of the people use bitcoin as a short time investment. So who wants to get profit by investing in bitcoin, they should have patience. So don't invest in BTC if you have no patience and you are afraid of taking the risk!
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Yes, this is the time to buy ethereum. Investing in ethereum is a good choice for you and everyone who wants to invest now. Ethereum price is very cheap now. If you invest in ethereum now, then you will earn much profit in the future. 600 USD is enough to invest in ethereum. I believe investing in ethereum is very profitable now. I hope you can earn enough profit in the future. Just buy and hold it.
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Of course it is possible to beginner for a long-term hold. As a beginner, you can invest in top 10 coins in coinmarketcap. Otherwise, you can also hold MTC, CHT, LCS and ETH. Because this coin is very promising and the price of these coins are so good for purchase. I think you need to have a big patient because the price will not increase in the short time. But I believe the price will grow up at the end of this year.
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If you really want to invest your 3 ETH in some altcoin then you can invest in top coins on coinmarketcap. Otherwise, you can also invest in an altcoin that you think is good to hold at this moment. You can invest in LCS, CHT, EOS and ADA. If I were you, I wouldn't be investing right now. Because the price of ETH is very low now. I hope the price of ETH will grow over $1000 in the future.
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Different people have a different opinion about bitcoin. Many people think positive about bitcoin. On the other hand, some people think bitcoin is negative for everybody but I think it is not true. Those people who were complaining about bitcoin are those who are not wise enough. So we have to change our mind about how going to use it for the better of everyone.
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We are experiencing a decline in recent months. So at this time, holding become the best decision than sell. And I think trading at this time is very risky. I also hold a few coins at this bear market. I think this is not proper time to sell my coins. I will wait until the prices go up.
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We all know that is very difficult at this time in determining which ICOs are good. After that, we have to choose which project is good. So at first, I check the background of each team member and developers of the project. Then I certainly start checking the whitepaper, product, the vision and the concept of the project. By this kind of checking, I determine a good ICO project.
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I think the average time of duration for a good bounty project is 2 months. But we all know that each project must have a different time because each project does not have the same. Some project takes 3-4 months for their soft cap reach. And some project takes 6 months. I think it is too much time for a bounty project.
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The market is very predictable, so I think that the decision not to sell all bitcoin is the right decision. I think I should sell 50% of bitcoin and hold another 50% bitcoin. So I will sell 50% of bitcoin and I will hold 50% of bitcoin for the long term. But I will buy back bitcoin when the price goes down.
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