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Altcoins have halvings, too. The problem is that mining Bitcoin became extremely difficult nowadays, at least for small miners.
Instead of mining BTC, why don't you look into Altcoin mining? With GPU's
It's not profitable right out the bat. But within 6 months I think you'd break even.
But the problem is, you will have to do alot of research of what hardware to buy and how to get the rig up and setting.
There is alot of work involved but it's not too technical. You can learn from the ground up. Don't worry about overclocking and stuff like that.
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Only 21 million bitcoins will be created. That's not even 1 BTC per millionaire in the world. And some BTC will be lost forever, so the number is actually less.
Basic supply and demand dictates it will have a future as long as adoption keeps coming. And as more investors come into the game, that's less BTC to go around as wealthier guys will want to accumulate and hold so they have better chance at controlling prices.
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The price of Bitcoin is not the same as its value. Price is determined by the market in which it trades: by means of supply and demand. ... In other words, if the market believes the price of something --like property, a certain stock or Bitcoin-- will increase in the future, they are more likely to pay more for it now.
Unfortunately, many companies do not recognize bitcoin as a legitimate exchange. Cryptocurrency could be an effective online currency exchange; however, buyers buy up bitcoins with the intent of investing much as they would with stocks.
Some even think that bitcoin is a solid investment opportunity for retirement.
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You cannot just wait to see the alts raising with 50%. You need to be an experienced trader to see these numbers. I Day Traded for a good year or so.
Used Cex.io to buy crypto with credit card (they have a serious mark-up though, be careful).
Later transfered to Bittrex or HitBTC. I used the latter as the pump n dumps were easier to spot for some reason, maybe because of lower vols.
The beauty of crypto trading is that you can start with 10 bucks if you like, just make sure to adjust your strategy and the coins you go for depending on your budget.
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Crypto market is rather new and price manipulation is likely to happen.
However, we won't be seeing 3k-4k prices this year. We're in a bull market now.
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BNB is one of the strongest coin today on crypto market. Binance is developing constantly, they have a burn plan for some of the coin, which might increase the price over time.
Most of the projects are dreaming to be listed on Binance and this is a guarantee that the exchange will remain very strong in the future, as it will get more and more liquidity.
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I would add a fourth reason for Bitcoin's price increase from last month.
Every passing day gets us closer to the halving from next year. Every single time the price increased when a halving took place, so I don't think this time things will be different.
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Kin has a current price of $0.0000424. If you invest $10,000 to buy Kin at this price, you will get $100,000 when the price achieves $0.000424.
Tronx has a current price of $0.03531863. If you invest $10,000 to buy Tronx at this price, you will get $100,000 when the price achieves $0.3531863.
Bitcoin has a current price of $8,749. If you invest $10,000 to buy Bitcoin at this price, you will earn $100,000 when the price achieves $87,490.
However, for Bitcoin’s price to go to that high, could it be far reached? Will you earn $87,490 ultimately by paying that much money to buy Bitcoin?
Are Kin’s and Tronx’s prices more likely to become ten times higher? Which currency do you think will make you earn $100,000 by investing $10,000?
What is your investment strategy?
Lol, things don't go that way in crypto, buddy. A coin's price won't go up just because it is cheap. It can go to zero, as most sh*t coins already did. Instead of buying tons of cheap sh*t coins you should better choose a portfolio based on strong coins: BTC, ETH BNB etc. |
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Nowadays, by simply fact that we discuss about an ICO and not an IEO it's a trigger that the project might be a scam.
Most of good projects will choose IEO as they are much reliable and investors know from the beginning on which exchange the project will be listed.
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If by cryptocurrency you understand mainly Bitcoin, here you have a few reasons to use it:
- it is very safe (as long as you're using a hardware wallet)
- you don't need banks to make transactions, but only Internet
- Blockchain is bot centralized
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"The cryptocurrency market has rallied for the tenth weekend in a row. Bitcoin (BTC) shot up about 3 % on Sunday, with the asset breaking past a short-term level of resistance. Despite this occurrence, which most analysts see as a sign that the ball is clearly in the court of the bulls, some are still wary of an imminent correction." source: newsbtcWhat's your thought? Do you think that bitcoin has still its own fuel to boost up or nah? Bitcoin is near in 9000$, will you still hold your coin or trade it now because it might fall down? On the short term we might see some corrections, as Btc rised a lot during last weeks. However, on middle-long term the trend will be bullish. We don't have to forget that next year will be the halving. |
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I already participated in a few IEOs and I can say I had a much better experience compared to ICO.
There are a lot of advantages when you participate in an IEO:
- project is already verified by a 3rd party (exchange)
- you know from the beginning when and on which exchange the project will be listed
- choosing an IEO on a midsize/big exchange will guarantee a decent liquidity when sale finishes
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The only coin that really matters is Bitcoin.
Bitcoin Cash/SV are nust methods to speculate the price as they increase a lot during fast pumps, but also lose a lot of their value when market turns red.
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Geeezus...
These people are stating a lot of wrong predictions. As you predict a lot of stupid things it's impossible not to have right from time to time.
And when someone predicts 1/1000 he becomes suddenly a guru/expert/time traveler.
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I think the crypto boom is happening every two years so 2019 seems to be the big year after the 2017 boom.
However, variations of several hundreds of $ per day became normal.
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ETH all the way. It is useful for crypto community as most of ICOs are still based on ETH platform, it raised constantly last months and I'm sure the positive trend will continue.
Personally, I see no reason to invest in LTC instead of ETH.
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For everyone willing to invest in this sh*t coin, be aware that the recent pump is just pure speculation, nothing more. If someone does bot agree, just state some of the reasons that could drive this pump other than speculation... nothing, right?  |
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It could continue going up, it could drop to $5k tomorrow. It depends on how much money you would want to invest and how much return you'd expect. I feel like buying BTC at this price point purely for the goal of Bitcoin's price is rather limited in terms of potential returns.
Now that some altcoins are having 20-30% daily gains, I'd look into some alt coins with lower market cap for short term investment. For example, I purchased some Skycoin just a few days ago since they should be releasing an announcement within the next few days. If it's good news, the coin can go up.
Just remember though, the number 1 rule of crypto. Don't invest more than you can afford to lose.
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There's no exact answer to this. There is no specific reason it is going up. Sure, there can be some news, but that doesn't mean it's the reason it's going up. Bitcoin goes up in price, and down in price.
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Unfortunately yes, most of the altcoins have no value for crypto community and they have been created for pure speculation around a beautiful story within the Whitepaper.
I wouldn't recommend you to invest more than 10% of your funds and other coins than Btc and Eth.
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