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Scammers will always be around, don't fall for it. If you keep getting scammed left and right, the issue lies within you.
"fool me once, shame on you; fool me twice, shame on me"
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For some reason Paypal is better for business, because they keep it fair. You can ask for a refund if you got scammed. With crypto, you can't.
So, it can't be better than any form of traditional payment solution to be frank (unless what you are doing is against the terms of the particular payment processor).
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Price manipulation and speculations are the foundation of all price movement that occurs throughout the crypto currency market.... and it isn't a bad thing.... It's a good thing.
Price manipulation is always 'initially' a very inexpensive excercise.. Untill you have attracted genuine buyers into your asset... Genuine buyers = Genuine sellers...
Without genuine sellers, you can buy and sell to yourself all day/night/week/month/year - the price will increase, as will the volume - BUT, this ALWAYS attracts genuine buyers. Which is when you have to start spending money.
When genuine buyers buy into an asset at an artificially high price, they place their sell orders at levels that are even higher than the initial artificial price level.
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There is much more to crypto currencies than what you see on surface level. Which normally causes some disconnect, especially when trying to invest into new coins on the market.
There is so much that market newcomers don't understand about the dynamics that create price movement.
But - for me, it's interesting that people struggle with this since it really doesn't take an above average level of concentration to work it out. If you don't have enough time to understand how the price changes, just invest in top 10 alts. This is the safest option.
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Warren Buffett once said that as an investor, it is wise to be “Fearful when others are greedy and greedy when others are fearful."
Quote from google.
When everyone is buying that new shit coin it will not be a wise idea to buy it. And if you are buy 3-4 weeks after release so you can buy it cheaper.
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Binance is definitely the best exchange on market today. How, nobody has a clue what the price will be two weeks out from now.
1. There is no such thing as "Stable Amount" in any market, especially crypto. Look at BTC going from pennies to 20k and back down to 3k and now back to 8k. This market swings more wildly than any other market in the history of markets.
2. There are a lot of things in play for BNB price. But namely, does it have real world usage. As long as CZ keeps coming up with uses for it, then it should have some existence in the future. Could be worth $1 or less if entire market collapses again. Or it could be worth $100. No clue.
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We should believe in crypto as a long term investment option. It's an industry with huge potential that will grow exponentially with time.
The cryptocurrency market has and alwasy will be a highly volatile one. It’s the main reason why you need a reliable investment strategy. In order to earn consistent income within this emerging market, you need solid strategies which will work not only for today but for many years to come.
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I don't know how they can enforce this, as VPN's and proxies will make sure you have access to crypto for sending/receiving. Fiat conversion is dangerous, but you can still buy stuff with crypto no?
So technically, only the fiat conversion can be banned, not crypto access.
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People have completely wrong perception about India. Its not 2005, we are in 2019. Since the change of govt. in 2014, things have changed drastically in India. Be it poverty, roads, power, infrastructure, Railways and what not, the progress India witnessed in the last 5 years, could not be seen in the last 50 years.
This is just one example. Poverty has been reduced drastically and now even villagers carry bikes, mobiles, and modern gadgets.
Now the same govt. in power once again, you cant image where India will be in the next 5 years.
Cheers!
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Regarding India, crypto is not illegal, actually the finance minister has said the cryptocurrencies are not legal tender that means u cant use them as currencies and therefore the RESERVE BANK has also put a blanket ban on banking services for firms dealing with crypto currencies but you can still own them as store of value.
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Why do you think digital money could end poverty ?
I don't understand this kind of thinking.
The world has limited resources and if you pay them via paper money or digital money there won't be any diffrence in the limitation.
I totally agree it's stupid to ban crypto in India, but this country has a lot of much more priorities to take care of.
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Why don't the Indian population just stick up for itself and protest on these issues what you all scared of.
USA, UK, france and many others protest to get their rights corrected why so many Indians just take changes lying down?
India is a country that could be pulled from poverty easly, so much skill and lovely country to offer others.
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Unfortunately this is true..earlier it was quite in usage and trading and many entrepreneurs came up with various platforms for crypto trading but a lot of fraudulent practices happened and quite an amount of people lost money.
Since then the government put a restriction on crypto purchases and trading even through credit cards. So yeah currently the situation regarding cryptos is bad but maybe they will come up with certain regulations as cryptos are the emerging fast as the next big thing in digital currencies.
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I think it would be hard to implement a ban on a thing that is hard to trace. Unless you're cashing bitcoins out via personal bank accounts.
On the off topic - I think the country has bigger issues existing like poverty than jailing people for using BTC.
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If you have more capital to invest, either choose to “purchase the dip” on your existing coin(s) or spread out your risk by investing in other high market cap coins like XRP, ETH, BTC, ZEC, etc.
Only you’ll be able to determine which one you’re interested in according to your own due diligence and fundamental analysis. You can also choose whichever one fits into your underlying principles or aligns with your interests when investing in a coin.
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This is actually my first topic on the bitcointalk forum, been in the crypto eco-sphere for some time now but didn't really feel the need to join this forum until lately. As a trader/ investor the market has taught me some pretty tough lessons and am currently in search of solutions. My question is when does one get out of a trade or sell off a crypto investment?. I used to be a sucker for the hold gang but recent experience has taught me that sometimes you just need to sell off some cryptocurrency even at loss and move on with your life. Examples of such include dragon chain. I bought at the top a year ago and because of the fact that i noticed they were constantly having meetups and news on their social media, i felt sooner or later the market will correct and it will escalate in price. Fast forward to today am rekt and my investment is almost 92 percent gone.
I think its important to throw this question open to the public because a lot of noobs are coming through and although this happens to be the best time to join the crypto space, people need to be educated that it won't be always rossy, you might need to get out of some trades before it gets you down the rabbit hole and into wretchedness.
So blockchain experts and crypto enthusiast when do you say is the best time to get out of a trade? or Dump a long term cryptocurrency you invested in? What level of loss can you take before you hit the panic button?.
Now you might be asking yourself, what if a bear market takes over the industry for longer than you had anticipated? Is there any other way you can invest? Absolutely! First off, if you did your due diligence and invested in a cryptocurrency that you know has solid fundamentals and is going to be around for a very long time (like BTC) then continue to hold on to the coins that you currently have, especially if they’re in the top 20 (check coinmarketcap), until you’re at a profit. Never sell at a loss as most coins will eventually rebound as all bear markets eventually come to an end. |
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If you pick good projects and hold them for at least 2-3 years, then yes, your efforts might be rewarded.
Most cryptocurrency enthusiasts prefer to HODL. This simple strategy includes holding onto a coin for a long period of time in order to generate a more sizable return on investment once the coin has exponentially increased in value.
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After some experience of investing in brand new projects, I recommend you to be aware of the following key points and do a lot of research before investing in any altcoin:
- verify the Whitepaper
- check the team and their relevant experience in crypto space
- read references on other websites about the project you want to invest
- check social media activity
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The problem with all this alts is that most of them are just ordinary pump and dump schemes.
Pump and dumps are quite evident when you research the history price of known pump and dump coins. Us plebs don't know when the whales come and usually we bottom feeders come way too late to the party anyways. Would recommend against profiting from pump and dumps.
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Not all the new coins are worthless. On Coinmarketcap there is a tab that is called "Recently Added".
Here you find new coins that were launched in the last 30 days. The thing I love about new crypto coins are the rewards are high but the risks are also high. These coins are like investing in a new company. I've seen coins go from 10x to 100x as soon as they are launched. But then I also seen coins lose 90 percent within the first day.
It's something good to look at when adding new coins in your portfolio.
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