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this news is not new to us many countries tried to banned cryptocurrencies but what happened to the crypto world? nothing that big effect on the market, if so market will recover though, we dont have to worry about that.
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if your targeting is profit out of your investment ETH is the one that has the potenial to give you income because of ots huge demand and its price is going up and has stable position in the market, though these coins has a good platform but eth will give you money fast than litecoin. only my opinion though.
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Am I in the wrong section? This thread supposed to be in bitcoin disscussion. Anyway to answer your question if bitcoin decreases its price it means you have the chance to invest more in bitcoin, just hold and buy more if it continue to drop down because bitcoin will surely sky rocket its price before the year ends.
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There are advantages in this system I know all of us is adjusting in this merit system, first me myself is forced and now being conscious of what im posting in this thread, second spammers find it difficult to post in this forum. But there are disadvantages, merits is hard to obtain by ordinary people here in this forum as what others says some quality post are not recognized by others, and people is not conscious to the post of others and keeping their merit for them self and dont know where to share it or give it. maybe there are ways to improve this system. This is only my opinion.
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I think almost all alts now is down by its price, if you are planning to invest, put youre capital to the coin that you think Will give you profit in return. If your asking some suggestion I suggest reddcoin and siacoin both coins are down now and it has potential to go up.
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It doesnt matter if youre late or not, what matters is how will you start? I suggest learn the basics of crypto world how it started, and whats Its uses, then try to search how you can earn in this forum, and how to trade, and so on. By doing so, Now you can say you are not late
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It is because of the bad news spreading about bitcoin and crypto currency, it affects hard in the market because people who plan to invest will decline, and other aspect is the coming Chinese New year this February, as for me I will hold my coins and wait for the next pop up of the market.
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Patience is a virtue as what they say. It also apply here in crypto world as the matter of fact it is the key of success in here, though the market is down, but it is temporary, because of the news and other aspects like the holidays, but in this mid year it will surely recover, just hold and try to buy some more. Its only my opinion though Its all up to you.
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In my observation and experience ethereum is best over waves, if you have 3 ETH for now and planning to buy for some altcoin maybe the investment youre planning you can buy more eth, or buy some XVG for long term holdings.
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It is because of the correction of the price of bitcoin, all alts are going down. And now why is it that some alts are continuing going down while the bitcoin is steady at price? Because investors are traumatized in the last correction they prefer selling when it go up even just a little, for now they prefer short term investment instead of holding it for long term purposes.
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Nice calculation of what is the price of ethereum will be, but for now I think it depends of how the people react on the market right now, we see the market is down, people is divided in what coin will be investing, ethereum is a good investment, but I think the price of ethereum this year will be arou d 5k to 7k$ but 10k$ is not impossible though.
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Ripple is best for day trading, not for long term investment but if you want some long term coin go for SIA and XVG. These coins worth investing for long term. In my
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Reddcoin is so promising in these past year it pump so high and suddenly dump so hard, for some reason I bought some of it and hold it, im planning to hold for long term, but if it pump high ill give a sell for it.
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In this down market evry altcoin is very interesting to buy, but I have only two altcoins that my money can afford to buy siacoin and reddcoin. These coins I have faith to give some profit in my investment.
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I have only three altcoins in my portfolio and I think it is enough for me to gain profit and besides this is the only coin that I can afford to buy though.
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