Hello friends...please share your opinion about the reality of ico's currently. If you believe in some ico's please share with us  Thanks. More or less. I believe cryptocurrency will have a good future. But those who are simple minded and just sees what's in front of them won't be able to last few a year in crypto. I hope simple minded people would realize this. There is so much more than what you see. If you just try to look at crypto from other perspective, you'll find hope for sure. I still believe in ICOs; I think that it's just more difficult now to find those projects that could breakthrough the market and make it big. One reason is that there are so many projects these days, and it is just so difficult to find them. It's easy to be fooled by a project that would seem that it will be big, only to find out that it won't be what it projects. Another aspect that makes people doubt so many ICOs are those developers that have no clear plan to improve the status of their projects, they are just doing their projects to ride the ICO wave, which would naturally be doomed to fail. As an ICO investor or joiner, it's always best to study everything thoroughly to at least ensure that you are choosing a good project with great potential. |
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Cryptocurrencies will clearly be beneficial for businesses around the world, this technology will probably create a more cost efficient and homogeneous network of world businesses.
I agree. Since its onset, it has been bringing out good profit and big returns to he many people and users who are investing and venturing in the different areas related in the cryptocurrency. The early adopters are the ones who have really took advantages of the profits that came so easily before. Right now, profiting has been very difficult because of the many different challenges the market faces. It has been quite difficult for people who are just venturing now and is causing many investors to back out and give up. But, many still believe that cryptocurrencies have the capacity to boost a country, and even the world business sector because it is still a starting market that still has a lot of things to improve and develop on. |
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I also believe in bitcoin and I do not doubt its growth, I can say that bitcoin is more and more scaled in the world and this attracts new investments, and when the moment comes when the last bitcoin is mined, the offer will be limited and the demand will increase from which the price will go up higher
For a true cryptocurrency, specifically Bitcoin believer, it would be easy to say that Bitcoin really is the future. However, to justify such claim, that's where the difficulties come in. Many people are still in doubt about the legitimacy and the capacity of the cryptocurrency market to actually make it big and give profitable returns. That's one reason why many don't want to embrace the cryptocurrency market and truly immerse themselves in the benefits it can bring. For a supporter though, like many in this forum, there are more reasons to believe that Bitcoin is really the future, especially seeing the many people that have gained so much because of it. |
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Trading is far better than mining, Doing trading you can expect 10x like profit but in mining you cannot expect
this kind of profit. In 3 month period I converted 130$ into 3000$ through trading. Through mining you can expect only return of your investment in 3 months so my suggestion is trading is better than mining.
I agree with your reply; however, not just because of how quick an investment could return, but I think, the main consideration in this case is the fact that trading is easier to do while not shedding out that much capital in exchange. Remember that, in mining, you need to first set-up, not just one, but a couple of mining rigs, in order to make profit. Those mining rigs are not cheap as well as the operating costs also needs some amount of money, as compared to trading, which also needs some capital such as money for transactions and trade fees; however, the amount is not as much as setting up mining rigs require. So, for me, I choose trading over mining. |
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TAKE RISKS
First of all, you have to "take risks". Repeat again, accept risk!
When you spend your money investing Crypto or any array, the potential exists, but also contains many risks. Securities are also risky, driving off the road every day is also risky. In general, it is impossible to predict what will come, our eyes can not see, think of things in the future. If you start, you accept the risks and in mind always get to know these things, you can start the journey, understand what is doing, why, why lose?
"Use the money you can control to invest"
"What's up with the reason, accept and move on?" At that point, you will focus on the goal and make a profit.
DO NOT BE AFRAID
Second, uncertainty and always suspected spread around the world of investment. Large Crypto owners are called "whales" trying to manipulate the market in their own way. They use social networks, large news sites to spread distorted information that draws attention from the community. Finally, the benefits still belong to them, this is not too high, but for the Cryptocurrency market is too new, the community is too young. So ignorance is inevitable, just speculation and followers of the accusers.
Failure to listen to others say this coin will increase, this coin will fall. You need to have a plan for yourself, do not listen to rumors out there. All you have will be a great experience and keep trying!
REGRETS
When you see a strong growth from a coin and always have the thought that "Why did not I buy it before, have been reminded and then forget ..." That is called Fear Of Missing Out or FOMO. This syndrome occurs in a lot of people, but ignore it, do not follow it. Patience will help you to take long in this market Cryptocurrency.
WANT TO RICH SPEED
I suggest you rethink, do not have any job rich quick, if there are some cases but not you. Someone, sowing information for you when joining will be profitable ... Forget now. If you are a beginner, consider keeping a hold of money and not losing it. Then continue to experiment and do not like the last time ... You probably do not believe, but this is part of the investment, the most important thing is that you learn from it. Learn from the mistakes you make and try to make it better the next time. Failure will be difficult to overcome, for the same of the same, but realize these early will help you get ahead and get income in this harsh market.
P/S: Please contribute your comments in order to build this article !
Good read, and I definitely agree with the points you raised. One should really be ready in all aspects, most especially with one's mindset and psyche in order to enter such a risky and dangerous market. It's not easy, like many would say, because it's just so hard to find hope and success in something that is always having problems in terms of falling and dying out. It's so hard to rely and be positive when everything around you is crumbling. However, despite that status, that's actually the test which separates those that are serious to those that only want to just test the waters. If you are not ready with your mindset, it would be very difficult to push through and see the good in the seemingly filled view of bad things. |
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If you are a long-term holder, what profit do you need to close the position?
For example, I need a minimum of + 400%
That's too much mate. 400% is so much of a long shot to reach because even if you want to hold your assets long term, there won't be an assurance that the time you held it for would be enough to reach that kind of profit margin. I say that because multiplying your capital and investments to that amount is just too much even for a booming industry. I think, for most people, they only try to get around 30-50%, if you are eyeing for a quicker return, or around 100-120% if you want to patiently wait so more. I am not saying that there is no chance 400% won't happen, but it's not only with regards to the time aspect, factors like the support of the community and the movement of the market, in general, should converge to make that happen. |
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Hello everyone!
We all know that the situation with market is not that good as we want it to be. Thus it affects a lot of ICO projects. On the one hand people don't invest in coin so much money as they did last year. On the other bounty hunters sell tokens fast and the price goes very low. That is why some projects prefer list their token on Idex first. They want to see how a coin plays on market.
And what investors should do in such situation? Sell all they have for small money or wait until a token will go up?
I'm asking as a person working in such project. After ICO token price went down (KCY, I'm sure you heard of it). And It is interesting to know investor's opinion about such situation.
What is your idea?
For me, I just wait and be patient. I say that because selling now, especially since the market is not doing so good would yield basically nothing or even a loss. No one in this market, especially those serious investors spend and invest their time, effort, and mos especially, money just to lose most of their investment and see it go down the drain. Many have already succumbed to the urge of selling prematurely that have lead them to actually regret what they did after only some time. It's better to patiently wait and avoid experiencing those regrets to be able to maximize any return you may get from the assets you would be selling. |
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I think both are good investments. Both have huge whales, but so does everything else to be honest. At least with bitcoin whales have no control over total supply and it is fixed.
With gold... what if huge mines are found? or some asteroid once we have advanced technology? that makes me a bit worried for the long term.
I would also rather have people that just bought BTC cheaply because they liked the idea rather than some warlords that stacked tons of gold through centuries.
I agree. Although Bitcoin and other cryptocurrencies are riskier than gold and other precious metals and gems, I would say that both are still are good investments and assets to keep because both has good values and can be utilized to be exchanged for money. Although gold is more stable and can be exchanged without much less worry and thought regarding its value, Bitcoin is more of a long-term hold that could also yield good returns, but with time. Therefore, if one is serious about investing or holding cryptocurrencies, it should be couple with ample patience because although it may give good returns, it may take time to do so. |
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Actually if you are a professional investor, you can earn money both in the bull market and down point. The most boring is a market siderway, not the market down. In strong declines, there is always the opportunity to go a long way in the opposite direction, so anyone who knows how to play in a down market will be rich quick in a bull market. The important thing in a bearish market is the trend reversal, so remember that in the bearish market and as close to the important support points you should put extremely short SL. For this reason, you can lose 8 out of 10 orders, but just succeed 2 orders, you will get back all, even profitable. So for a professional investor, you can make money even in a strong down market. Prepare yourself for a solid strategy and psychology. Good luck !  I think there is still that possibility, but only if you chance upon those rare and once-in-a-blue-moon projects that could still get some good reviews and support from people despite the reality that the market is not doing good. However, even if you chance upon those projects, you would still need to invest some patience, because for sure, not many people are willing to buy or sell, or ultimately transact coins, especially when the market is down because they know that they can't get anything good out of it. So, even if, technically, you can gain some profit, it might still take some time to gain a return. |
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It really is hard to believe that there are some ICOs who are intended to scam people. There are all hypocrits and rely on the weakness of people especially those who are new to bitcoin. So sad.
Although you may be right, I think that instead of considering them as "scams", it is more accurate to label them as failure projects or coins. I say that because there are just so many ICOs coming out in the Bounty market these days, and because of that, it's just too hard for many of them to breakthrough and make it out to the top because of so many factors, most due to the the tight competition and due to the heavy saturation of similar projects. As more and more projects come out, coming up with new ideas become harder and harder, and so, the support that it needs to prosper also dwindles down, which in turn, makes it harder for many ICOs to be successful and to die out even before they go public. |
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Warren Buffet doesn't speculate, and if you're buying crypto, you're speculating.
Agree wholeheartedly. I'm a long-time admirer of Warren Buffett, and it's obvious to me why he doesn't invest in bitcoin--he doesn't know where it's headed, and he can't analyze it like he can a business. Either you believe bitcoin has a future or you don't. Either you think bitcoin's price is going higher or you don't. Buffett can't determine whether it's undervalued or not like he can with a stock, and neither can anyone else here. Sure, you can assert that you see from the charts that it's going to $100,000 but that's not being honest or using any sort of logic. Buffett speculates too, but he's not throwing darts when he buys a stock. He's brilliant and looks deeply at the business that's behind a stock before investing. It makes all the sense in the world that he hasn't bought bitcoin, which could cause him to lose all the money he put into it. Plus he'd have a very hard time justifying that to the Berkshire Hathaway shareholders. Well, I wouldn't say greedy, but I think that the more appropriate word is tactical. When the market is not doing good, and everybody is fearful, a true investor should try to look at the good side and be tactical about his movements, especially in the cryptocurrency market. Since the prices of many assets and coins are going down, it's the best time to buy and invest, since you can get a good amount of coins while not using up too much money. Having said, that could be a really good move in order to maximize one's investment, but you need to really be brave because it's just too hard to look at the good side while everything is in ruins. |
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We all know how powerful bitcoins are especially in financial terms. Having one makes you feel like a newly-crowned king ready for his throne and lux. Its value and essence is something that we cannot just ignore, resulting for some people relying on these 'God-given grace' instead of working hard and gaining the money that their own country uses. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?
I don't think so. I actually think that it's quite the opposite. Since the onset of cryptocurrencies in the market, there have been so many people that benefited from it by gaining extra income coming from their ventures and investments. It has also been quite a driving force in the improvement of many economies in the market, since the income it puts in the local business sectors of each country where there are people venturing in the cryptocurrency market has increased in the past decade. Also, since the currency market is one of the booming markets around, I see cryptocurrencies more as a good increase in the competition and players that battle in the market. |
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You can buy now. For bitcoin it is not a big price right now. But it will recover it's price very soon. If you buy in this time, hopefully you will be profitable. So don't late buy as possible for you. In every day buy little amount and gather it for big hitting.
I agree. Since the market is exhibiting somewhat of a bearish movement, it would be best to buy now since the price of many of the coins are down, and that would really help an investor, especially a beginner, in order to get more coins while not spending too much capital. The cryptocurrency market is a risky market; therefore, one should traverse it with caution rather than just winging everything out; calculated risk as they say. So, even though the market and its assets are ripe enough to buy some good coins, you should still study how they are moving to see if it is actually showing some good movement. |
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I don't think we are done yet. I think this will be looked back upon as the great purge and the day the institutions came in and took over. I think they are trying to eliminate the guys who were here from the start.
I agree. I think that one factor that will remain in this market is the erratic movements that cryptocurrencies will exhibit, most especially Bitcoin. Since Bitcoin is the coin with the highest value, it would also have a big controlling factor in the movement of other coins and the market itself. However, I don't think that we have seen the last of the decline of the market because, upon following it for quite some time now, it always moves up or down depending on the trends that its assets are following. |
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as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?
I think it has an effect since the dollar is one of the most powerful currencies around, and also, many dealings in the cryptocurrency market end up being traded or exchanged into dollars all over the world. Therefore, the movement and rates of dollars have a major effect on how the cryptocurrencies themselves move and trend in the market. Also, I say that because cryptocurrencies are such a different breed of currency that it can be affected by non-usual or traditional factors that affect the currencies we use today. |
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Bitcoins is not yet a legal currency cause not all countries, world bodies have accepted or recognise it. You wrote so much and how come you fail to understand that this coin cannot be controlled by anyone, no one can manipulate it and most of all governments cannot find out who owns it or make you pay taxes. There is a huge hassle process and it's expensive to track it, make a whole set of laws. You get the point don't you.
I think this topic concerns the technicalities of Bitcoin as a currency. Although it is legal and is already received by many countries, companies and people alike, the fact that it's not yet recognized in a large scale in terms of the number of people who sees it as a legit currency as well as use it for different transactions are the driving forces that hinders it to be embraced and propel it to a wider reach in the business and investment sectors. |
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The distinction is that the record is freely accessible to all individuals in the framework, making it difficult to adjust records without being recognized. This implies individuals can assume that money related records are totally exact without relying on a reliable outsider like a bank, a legislature or an application to affirm it.
Yes, it's very transparent and reliable. Several countries have their "transparency portals", where people access the records of their public administrations online. It's good and useful, but a system like Blockchain would bring much more reliability and transparency to the citizens. I also like the idea because an adoption like that would cut worthless expenses on the public administrations. Less employees would be needed, so more money could be used for what really matters and isn't having enough budget at this time because there isn't enough money to sustain a heavy payroll and to attend the basic sectors of society at same time. If the government apply blockchain for infrastructure development, I'm pretty sure that it will get rid of the corruption since it's transparent, as people have known for a long time that infrastructure development which takes up majority of the country's budget often being used as a tool for corruption but blockchain with its transparent open ledger will simply stop it, public will know where the funds are moving, so that there's basically no chance for people to go corupt, I must say that such thing will help improve country a lot! I agree. However, before jumping off the gun and thinking of how a government could use and take advantage of its benefits to whatever facet of a country. I think that they should first make it work and accept thr market and its assets as legitimate and profitable one and adjust to give it a more conducive business environment to grow and prosper. Only then will the cryptocurrency market would get its much needed boost to be more stable while steadily gaining value. In turn, it could help an economy of a country grow from its gains. |
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now prices are starting to rise,
one's reason to buy and sell very much
even everyone will do different things,
but I recommend to buy it, because the price is still cheap
That is right. Basically speaking, it depends on the current status of the coin. Also, in consideration of the price you bought it for. Although it may sound simple to say that one should not sell if he would not get any profit, there is no other and better way to describe it. If you bought it for a higher amount than what you are selling it for, then why even bother? One should think that every move should be geared to get a return from an investment. So, finally, just be patient and wait for the coins to rise back up. |
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You can learn it from books and youtube, maybe from those two references you definitely get tricks on how to trade properly and maybe even you can combine the tricks obtained from books and youtube.
That is right. I mean, why not be greedy and use every source you can put your hands on. The internet, ranging from sites like YouTube, Google and other search engines, designated websites that feature cryptocurrency news, updates, tips and trick, and in this forum itself. There are so many useful sources that one can use. You just have to have a keen eye in terms of checking the relevance and reliability of the facts and sources. |
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First of all everything in this world is a risky gamble..every kind of investment are risky too ...but ofcourse for you to be able to manage risk in every investment especially in crypto currency you have to every little thin in it up to the biggest once ..how is it work.is it scam or not..and most importantly dont ever ever trust to anyone that says to you give them money and they can doouble it...so all you need to have are awareness and commonsense..
I agree. Therefore, one should see every investment as a double scenario; two sides of a coin, where on one side, you can win, and on the other, you can lose. That should be a constant consideration one should think about, especially in this ever risky and exceedingly unstable market. With that approach, one can be able to be more vigilant and guided with making investments rather than shedding out capital without much thought. |
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