In this market there are lots of wallets available. It's depends on you which one you prefer. For me some hardware wallets like ledger or trenzor is the best. They rae highly secured than any other wallets. It's not easy to buy a hardware wallet for all. Then you can go online web wallets or app based wallets. I normally prefer wallets that are announced by the officials. But now a days multiwallets are very popular. Mostly the mobile based multiwalltes. For that I use math wallets. There are lots of other options available too. But I always prefer mathwallet.
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Making money in every sector is not so easy. It takes some time to gain experience and that experience comes with knowledge about that sector. It's same with this crypto space too. Of you don't have enough knowledge and experience about this space it will be hard for you to make money or gain some profits. That's what happens with new comers. They don't think about investment or the knowledge about the knowledge. They just. Invest and most of the times they end in scams or in loss. That's it.
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Both of them are high trusted by the community of crypto. Ethereum is the biggest platfrom based coin. The biggest platfrom based token with a huge number of use cases and the market cap and the dev support pool is also very big. Anyone at the market at this time will belive in ethereum. In other hand BNB is not just a exchange based token any more. It's also have its chain its own dex many coins supported in binance chain. So many those who have a complain that BNB is just a exchange token that is not now. I think in investment case you could go with both without any hasitation.
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Every day a lots of new projects come to the market. It's really hard to track all of them. That's why we have to rely on some resources. And there are many sources available in the market. But the most people use I think coinmarketcaos newly listed tab. Whenre you can find almsot every coin which listed on some exchanges or released in market. It it's not okay then you can go for coingecko or many telegram group like crypto generation or crypto analyst and there's many more. Now it's upto you.
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Yes absolutely. Normally many newcomers every day come to this market. Most of them don't have patience to understand the market or to watch it. So they started to invest from the first moment. That's why most of the time they end up being in scam or in great loss. That's why if they really want to invest first it will be safer if they go with high cap coins. Cause high cap coins are mostly legit. And when market drop they drop less that low cap coins. And you also can hold for long run with high cap coins.
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Yes I do. In this market there are lots of stable coins available. But usdt had the biggest marketcap. Because people use it the most and people use it cause people trust it. I know there are many people who said usdt is not doing things in right way. But I never faced any kind of problem regarding usdt. So I used it but if you thing usdt is not suitable for you then you can go for other stable coins. And if you are scared to hold your assets in one single stable coins then I would suggest you to devide your asset into two or three different stable coins.
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2017 was really a good year for holders and cryptocurrency enthusiastics. Those who hold bitcoin or any big or mid cap coin made a huge amount of profits. But many people also lost their money on that golden season too. Cause many newcomer started to invest in that high time. But 2020 is also a good time for many people. Normally those who hold some specific akta they make profits in good amount. But this run is not like 2017 cause in 2017 the whole marketcap also pump in huge amount. In 2017 the market cap is almost half of 2017. But let see many good news comes from many institutions maybe this time we break all the records.
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Most of the projects open a telegram group or a telegram handle. And I think it's a very important part. Cause most of the time the project group need to communicate with people and they should to imporive the project. I think it's matter that a good project always have an place whatever it is telegram,discord or twitter. But I don't think that you can check a project based on their telegram group. Telegram is free so every project build a group. That's it.
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Yes I also think that centralized wallets are not good. They are catch many people eyes because of marketing or the amount they spend on marketing. I always prefer decentalized wallets which are preferred by official projects or I use official wallets. And if you still want to use multi wallets there are lots of option available. You can try math,exodus and many more available. When you use decentralised wallets your asset are in your hand. I think everyone one should use decentralised wallets. That's it.
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It depends on which coin you have. But you can try Dexes based on ethereum. Also you can check your token on listing website like coinmarketcap or coingecko. If you see your erc20 listed on any good centralised exchange you can go with that too. But if you are don't know all about these things then you could watg these things first and then go for sell or something. It's always better to give some time rather than lose your portfolio for not having proper knowledge. That's it.
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Many types of wallets are available in this crypto space. But when it's come to security the and most of the time is same. It's hardware wallets. Hardware wallets are the safest option available in the market. Very few people have hardware wallets the reason behind it is the price. You have to invest some money to buy a hardware wallet. And other most of the web or application based wallets are absolutely free. I would suggest you if you have some extra money buy a hardware wallet. I is worth investing. That's it.
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Yes I absolutely trust usdt. Usdt is the most used stable coin in the market. There are lots of stable coin available in the market but still usdt hold s the number one position among them. And usdt also have a very big marketcap cause people used it a lot and its supported by almost every big exchanges. Inknow there are lots of negative news about usdt but I never faced any kind of issue using usdt. So for me usdt is may main stable coin. But if you don't like it you could go with other coins there are lots of stable coin available in the market.
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There are many wallets available in the market. But I always prefer to use official or official supported wallets. But now a days multi chain wallets are very popular. And exodus is one of them and it's really good. Many people use trust wallet too. But I personally use math wallet where you can add almost all chain and do it separately. It also supported my most of the dapps. And it has a mobile version too. Which is very useful for me. Cause most of the time I'm operates my fund with mobile.
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Your portfolio is not bad. What I can see is you go with normally big cap coins which are good. Cause this kind of coin never go scam. So if you hold these type of coin for a long time eventually you will see some profit and if you pick this coin in good price. But I would say a good portfolio always based on bitcoin normally every holder try to maintain 40-50% bitcoin in their portfolio then they go with other coins. And if you can take risk then put 5-10% of your portfolio in risky smallcapnaltcoins. These type of coins give huge profits sometimes. But the risk factors are very high in these coins now it's your choice.
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I don't think so. Fundamentally they are very different from each other. Bitcoin is fully decentralised and its run by all the people over the globe. and in the market bitcoin is the biggest coin available it had a huge market cap which is almost 59-60% of the whole market. In other hand ripple is also a good coin. But in the community many people don't like it because it's a centralised token backed by banks and and many institutional investors. But still it's a big coin but not as big as bitcoin. That's it .
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There are many kind of investment strategies people follow around this crypto space. But I think most of the people go for holding strategy it's normally easy to execute don't need any kind of trading knowledge, don't need any kind of time and it's safer for newcomers if you go with high cap coins.you buy something and hold for a long time and if you are in profit you sell out your profit. The other popular strategies which are popular are trading and day trading. Though you need a good amount of knowledge about trading and charts to execute that. I will say if you are a new commers don't go with that.
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I think it's always few for new people to join the market. I know many people at this market are talking about defi projects and think that it will stay strong but no. We have bigger market that this in late 2017 or early 2018. But that market is aslo gone and the size of the market is Half now form that time. So if you that some trean have to be cause of the extend the market that's wrong. Most of the time people come to this market when some popular picks like bitcoin go highrocket and when market is too bullish. That's it.
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There are a lots of wallet available in the crypto space. Depending of your choice. Some of them are single chain based some of them are multichain supported. Some are web based, some only for pc users, and also some mobile wallets which are very popular at this moment. I normally don't prefer multichainwallet. I like to use official or official supported wallets. And I also use a lots of mobile wallet. And math wallet is one I go for. You can select which chain yiublike and then import that. Now it's upto you. Which you gonna pick.
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