I do tell my friends around here that cryptocurrency is for the though people. Its the though ones that can hold on to their coins no matter what happens. They never accept defeat. Therefore the best thing to do now is to hold and hope for better market condition.
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My strategy is simple when it comes to bounty fund management. I sell off 50% of bounty tokens immediately I receive them and also keep the remaining 50% in my wallet for future purpose.
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I believe the price of ethereum can still go down a little bit from its current price because there are lot of panic sellers right now. People just sell their crypto at ridiculous prices and its really affecting the price of all coins in market but irrespective of the nonchalant selling attitude I don't think the price of ethereum can go as low as $50.
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The crypto price go down severely because of the last year bubble. A lot of investors rushed into crypto because they don't want to miss out. The late last year investors bought bitcoin at $20k and since then the price has been going down because they sold their coins at loss.
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Its actually a difficult question to answer. The question looks like asking when someone will die. Its difficult to know the time crypto market will recover we can just hope that the market recovers soon.
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We can't say that this is the end of altcoins because the whole market is red. It should be noted that the main characteristic of crypto is volatility. Therefore the price can go up or go down. It doesn't mean the end at all.
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The fact remains cryptocurrency has come to stay and I don't think it can cease to exist but rather it can only develop overtime. Part of the development will be a lot of people in the world will embrace the technology and there will be wider adoption in the world.
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There are lot of risk when you invest in cryptocurrency. Part of the risk is that there are lot of scam ICOs around and if you invest in them, they will run away with your money. Another risk is the volatile nature of cryptocurrency, you may buy a coin at high price and the coin can fall after buying at high price.
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Its not good to send fake KYC in the case of exchanges because of withdrawal issue. Its possible someone want to withdraw huge amount of money from exchange and they may request for some documents you do not have with the fake ID submitted earlier then its possible someone lose all his/her fund because of fake ID.
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My own comment on this is that whether crypto is the fastest way to get rich or not depends on the experience of the crypto investor. Its true that a lot of people have become rich through their investment in crypto but at the same time a lot of people have become poor through their investment in crypto because they have lose a lot of money. Therefore the answer is relative, while it makes some rich, some became homeless with crypto.
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I don't think $10k investment is too much in as much as you can afford it. If you want to investment $10k in cryptocurrency I will advise you to checkout the top 20 coins according to coinmarketcap and invest wisely in them.
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If the new is real then its going to be a game changer in the cryptocurrency world. It will surely have positive effect on crypto and once Samsung accept crypto as payment other big multinational companies will follow suit.
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There has been sudden extension in bounties lately because most of the ICO projects find it difficult to at least reach their soft cap. Once they are unable to reach their soft cap they are left with no other option than to extend their ICO and bounty campaign.
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No doubt about it, the crypto world has experienced great depression in the year 2018 but having said that I still believe that things can still change because we are still in the 3rd quarter of the year and hopefully by the 4th quarter things will be going fine in crypto industry.
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As a newbie in the crypto world, the first thing to do is to have elementary knowledge of how cryptocurrency works. Its very important to know how it works because if you don't then you will surely make a lot of mistakes in your crypto ride. You can learn a lot of things about crypto on this platform.
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If you take a closer look at what happened yesterday I.e September 5 2018 you can see that the whole crypto market crashed heavily. The crash doesn't affect only ethereum nearly all the coins in market. I think the reason for the fall is just price manipulation and all of people began to sell their coin at ridiculous price.
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With the current market condition I think the best option for a rational investors is to HODL because selling now is just not the best thing. All the crypto market have fall beyond expectation and HODLING will be the panacea to the current market condition.
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The crypto market keeps going down everyday because a lot of people are selling their tokens at ridiculous prices and once they keep selling at those prices then the price will keep falling on a daily basis. Once we have a lot of people adopting the HOLD method then the price will rise.
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For me, pump and dump group seems like an avenue for someone that has already lost a lot of money to recover some part of the money. Some actually work out well while in some pump and dump groups you will still lose more and more money. Therefore its a two way thing.
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I invested and joined as bounty hunter in many ICO which has good concept, experienced team members and also good hype but after listing price drops very much. Some of project also not recovering since long time. Any comment.
Having experienced team members and hype doesn't mean anything in this bearish market, a lot of investors dump their ICO tokens for penny amount this days and it result to huge drop in the ICO price of many tokens upon listing on exchange.
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