Actually a lot of fake, ponzi and scam projects are running under defi. We should more care about these kind of projects. People are over reacting on defi projects.
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If bitcoin reach $20k fee will be huge? is it going to get worse and worse the more the price up? or it fixed itself
I think it depends on the transaction numbers that how many transaction are making at a time. But it is normal to increase fee when the price will be rising continuously.
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It could but we couldn't be so sure about it since the price could also drop down as we have seen so many times before. It has stayed now on $13K who knows what would happen next it could go down again in $12K or move up to $14K nobody could guaranty that it would only climb up.
Yes, we won't be able to guess exact price but i think bitcoin has enough time to reach this goal. If bitcoin starts to rise then 1 month is a lot of time where still it have 2 months.
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I said many places that defi projects are like a hype and people are joining in this trend. After some days they will realize this trend. Dia team should work properly to make it potential as it is listed on top exchanges.
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Altcoins are really scary, if you can do some research you will see many good altcoins that had very good start and value in 2018 and are still alive today but we never heard anything good from them anymore for some reasons, they are now like ghosts, honestly altcoin investment is more scary, this is why its better to always take profit, most especially from new altcoins, Profit is Profit, either big or small.
It is really true that investment on altcoin is so risky at this time. 2018 was a good year for investment in altcoin. If we want to be safe then we should invest on bitcoin, ethereum, BNB but profit won't so high.
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At this time, ethereum in a good shape. Most of the altcoin are ERC-20 (ethereum based) and for this reason ethereum is more powerful and strong in crypto market. I think it will take more time to make another one like ethereum.
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I think this is not the end of rising the price. Bitcoin will be growing fast and hopefully within some days, bitcoin will hit a big amount. $13k isn't a small amount but we can expect more from bitcoin. We are waiting for previous highest price.
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In my opinion, I'm also thinking about $15k. For bitcoin, it is possible to cross $15k at the end of this week. As no new news from other sources, paypal is the main reason here.
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As we are storing bitcoin for our children, we should learn them how to operate it. Otherwise, our bitcoin will remain in our wallet. Personally, I will teach my children how to access in my wallet and functions of it.
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I see that now BTC and Eth are slowly rising towards the sky. Could this be a good sign for all of us?
Obviously a good sign for us. The price of bitcoin and ethereum will be growing some more days. I think this time bitcoin will hit at least $15k and ethereum will hit at least $500. We need to hold and buy more at this time.
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I think it is possible for IDENA as it is a very promising project and the strong team are working behind this project. It will be great decision if they use their own blockchain platform.
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Personally I use two different wallet for altcoin. One is trustwallet and another is myetherwallet. Seems that trustwallet is more user friendly and easy to use. If we think about fee, I will choose myetherwallet.
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The you think defi a a threat to the future of centralized finance? What's your opinion?
I don't see DeFi as a threat to the banks,because,at the end of the day,banks will simply buy and adopt DeFi technology(if they see potential in it).If there's no potential in DeFi,then this technology will simply die and nobody will use it anymore,just like how the ICOs died,back in 2018. Seeing DeFi projects and banks as two opposite armies,which are going to war against each other is a big oversimplification. Yes, there is no threat for banks as two are in different form. Actually people trust bank more than such kind of projects. Banking system will be continuing in future.
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The you think defi a a threat to the future of centralized finance? What's your opinion?
Defi projects are one kind of Hype, I think personally. These are not what we think exactly. People are showing more interested in it but if we think, we will be able to find out many defi projects scam already. This will not be a threat for centralized finance.
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It is true that a lot of projects are scamming now but if we search then we will be able to find some potential projects too. We can't regret altcoin because without altcoin, we can't think about crypto market.
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At tis time, bitcoin is growing fast and I think it will be continuing several days. It has crossed $13k and hopefully it will reach up to $15k within next month.
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Ripple is so far away from bitcoin. But the own blockchain system is also good for ripple. Bitcoin is the king and it will take its place all the time, hopefully. Ripple needs more effort to grow from current situation.
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Investing in ethereum is one of the best choice, but before making a final decision you have also to understand the risks. Because the price is volatile so we do not know when the price will moon. You may diversify to invest your funds into BTC as this has more opportunity to earn. So, until now I’ ml also accumulating some ethereum for long term hold.
When the price of bitcoin starts to rise then the price of ethereum gets also high. Actually eth and other coins are depending on bitcoin. So, in my opinion, investing on ethereum is a good decision.
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Localbitcoin is a great platform to buy sell bitcoin. Not only for Africa but also for others country, localbitcoin helps more. But I will suggest to find local clients so that we can skip the transaction fee.
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