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The reason why Bitcoin is still the number coin is cause it still has the first movers advantage, without Bitcoin there would had been no Ethereum. Bitcoin created the markets and platform for Ethereum to develop and thrive in. It is going to take some time before any coin is able to replace Bitcoin as the number one coin.
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Where were you when the price was going upwards for months. I didn't see you complaining then, than why are you having a problem now. Do you expect the price to just keep on going up. The crypto market is a volatile market and if you can't handle it then just leave it as you are going to have the same issues with every coin.
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We all know that John McAfee takes money to promote cryptocurrencies and it I won't be surprised to find out that he has been paid to promote EOS or if he himself has a stake in that coin. We also know how correct his $500,000 price prediction for Bitcoin is going and how mature he is.
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Firstly the only ICOs that people are going to post in this thread are the ones in which they already have their stakes in. So you are going to be buying their bags. Secondly in the current market scenario there is no one who can predict what the price of an ICO is going to be.
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It doesn't matters how large a bank is, do you know how many banks ended up failing during the last recession. What makes Bitcoin safe and secure is its hash power and it being decentralized. Also the governments can confiscate your bank accounts but they can't do it with your Bitcoin wallets.
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The only way to regulate Bitcoin is through exchanges and other mediums from where Bitcoin can be purchased. Directly trying to regulate Bitcoin won't be possible due to its decentralized nature. Some regulation would be good for the Bitcoin market as keeping it totally free of regulation will mean that scammers and hackers will have no fear of law.
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Of course the Bitcoin price could be manipulated by others, mostly it's just whales. The Bitcoin market is one of the most heavily manipulated market in the world due to no regulatory over watch. But this manipulation is what brings volatility in the markets and this is what attracts most of the people.
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You are using the wrong criteria to search for a cheap coin. What you should be looking at is a coins market cap not its price. As even if the price of a coin is low but its market cap is high, it's going to be tough to pump it. Try to find coins with low market caps as those are the coins which will x10 easily.
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If I had 1 million dollars then I would have not invested more than 10% of that amount into cryptocurrencies. Crypto market is like the riskiest market you can invest in, but the return that 10% amount would have given me would had been enough to cover up for the small investment I made.
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Do you know for how many years the last bear cycle lasted for. And do you expect the Bitcoin market to recover so early after such a big rally we had last year. If this isn't your first bear phase then I guess you didn't learn anything from the last one. In crypto market the patient are rewarded the most.
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Well the one thing you need to know before investing in any of them is that 90% of them are going to fail and only a handful of them are going to survive. The coins with great product and real world use cases are the ones which are going to survive. Its just like startup culture where only a few become successful.
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Of course there is a higher chance to lose your money. There is a reason why they are still out of the top 100 coins. But most of the people still invest in them with the greed that since their market cap is low, it would pump much higher and would give great returns on their investment. But thats not always the case and many people end up losing their money.
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This is a normal scenario that plays out in the crypto markets after a huge bull run. This amount of drop was expected and there is nothing you can do to stop it. Where were you when these same coins were pumping x10 of their value. No one complained then, than why are you complaining now. Just relax as the markets will recover as soon as this bear phase gets over.
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Instead of getting confused why don't you go with buying both Bitcoin and Eth. This way you wont be invested in one coin and would be making money if any one of the coin pumps. Instead of being left out if your coin doesn't pumps and the other pumps. Also you don't have to ask for if purchasing Bitcoin or Eth is a good decision as they both are coins with good fundamentals.
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Unless regulations are brought into the ICO industry I don't think the ICO market is going to survive much longer. As there is only so many people who are going to get fooled by these scam ICOs and their big dream promotions. Only the fear of law is going to prevent these scammers from launching their scam projects.
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Lets hope the lightning network ends up being successfully adopted everywhere before the next bull cycle starts. As, if the bitcoin network gets congested again like the last time than many people are going to shift towards other crypto currencies and Bitcoin is going to lose the trust of many people.
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I only use one method and that is by investing in the altcoins. I don't go after any other method as they don't suit me. Trading crypto currencies in a bear market isn't easy and most of the airdrops are fake. You should just pick a small amount that you can afford to lose and invest that regularly into altcoins to gain them.
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In a bear market one should not try to trade his bitcoins as there is a chance that he might end up losing his BTC, as it is not easy to trade in a bear market while anyone can trade in a bull market and turn a profit. You should rather daily cost average by buying a fixed amount at regular intervals. This way you will keep on increasing your coins while averaging your buy price.
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Hi guys I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down  But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure  1. Download latest BTC client 2. move to a pc not connected to the internet. 3. Create an address on that PC without internet. 4. Send fund to address created on PC with no internet access. 5. Save keys in safe place  Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ? Sorry if my question has been covered many times, but I just don't want to make a big mistake. Thanks Rick I would say that the best way to store your Bitcoins safely would be by buying a hardware wallet. No other option is as secure as a hardware wallet. But if you cant afford it than storing all your coins on a separate OS/PC which you haven't used before would be a safe option. Also don't do any thing other than your Bitcoin transactions on that PC. |
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The main thing that one needs to know before investing in Bitcoin is that one day they can wake up and see that all their coins have been hacked. This is the most common thing that happens in the crypto world. Thats why one needs to only invest what he can afford to lose and that they will be responsible for any losses if they end up doing otherwise.
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