In my opinion, most of altcoins are unprofitable in a long term except few but it is not easy to pick the best of them for an acceptable profit especially who have a cheap prices, because all of them are massive unstable specifically in the dip. In additon to that, we need to focus just on the TOP 20 cryptocurrencies in the market especially the strongest ones like, the king Bitcoin and Ethereum , I feel that Bitcoin will have a brilland future, maybe we need to HOLD a good value for this currency.
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Actually, I guess this correction is necessary despite the current price is decreased to $ 9700 and it may this dip continues in next few days so It won't last long in my opinion. In fact, this is the appropriate chance in order to buy Btc and other digital currencies like, Ethereum, Tron, Cardano and even Bitcoin cash. Don't panic and keep holding or collecting cryptocurrencies, and remember that the market is always volatile but I am pretty sure that it will obviously rise and even more much than before.
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To be honest, this question is actually so weird and stupid. Unfortunately, I barely see a creativity in topics. Otherwise, Bitcoin will never be affected through these shitty events, I have not seen any affect of this Valentine day on Bitcoin's price and the same thing for the other cryptocurrencies. I am pretty sure that the only massive affect will happen after the halving event, possibly at that moment, the price will rise to $ 20K, we are just need to HOLD and wait for that event I would guess.
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Unfortunately yes, there is a high value of Bitcoin fees in all the exchanges except few, but remember that the owners of these projects want to secure their financial income, and that is a necessary step to be honest, trust me if you are in their place then you will definitely do the same. In fact, the value of trading fees are so high especially in Binance exchange, it is certain that the trader who is affected has the smallest profit especially the newbies in my opinion. We need to deal with it, there is always many ways to make money no matter how hard the situation is. Giving excuses will never help you in order to reach your goal.
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Not really, and remember every country has interests, goals and future endeavors through these supports, we are really know that Corona virus is really dangerous for all the humans not just chinese and it is certain China is the biggest affected because of this virus and now its economy is in decline or dip, but I guess that China will overcome this crisis in the near future ( possibly within 2 months ) , This is a humanitarian crisis so of course many countries will show the solidarity with China but as I have said there is always a future endeavors for each action.
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In general, YOBIT does not have an interesting potential despite it is existed on the top 18 so don't waste your time and money in this token, try to invest ithat amount in Stellar or Tether for example. In fact, I took a look lately on the YOBIT exchange ( I thought at first that this project was a scam ) and to be honest, the huge value of fees is unormal for an exchange except other disadvantages , I don't think that the traders especially professional will use it. If you want a guaranteed profit then invest in Bitcoin, Bitcoin cash and Ethereum.
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Well, I am pretty agree with you OP. In addition to that, being yourself is one of the important ways to succeed in this domain, many people will try to give you some advices and regrettably most of them are useless. Just focus on yourself and try to improve your knowledge in different ways, and believe me, there is a great possibility that you will lose a lot of money in beginning and that's necessary in my opinion, failed experieces will teach you correctly and even more than the successful ones.
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Buying Bitcoin is pretty necessary especially if you want to play safe and secure your money, you will certainly get an acceptable profit specifically in a medium and long term ( more than 3-4 months ) due to the halving event will be after 90 days I would guess but taking the risk with a plan is essential IMO, try to pick some altcoins especially who have a good characterstics, but I don't advise you in order to waste all your budget on these altcoins, maybe 30% if possible.
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Actually, Bitcoin is definitely legal in some countries but indirectly, there are some hidden information then we can't even know about them especially in social media, due to the governments do control them. In addition to that, I see that Bitcoin in a good progress despite it faced a lot obstacles, but to be honest, I don't really think that the governments especially the strongest ones will recognize Bitcoin as a legal currency in a short and medium term, but I expect that everything is going to change positively in a long term.
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Absolutely yes, It is pretty sure that Bitcoin is king of the whole market, and majority of cryptocurrencies are just the followers especially Ethereum. In fact, it is true that some of coins are really profitable especially when you have an acceptable knowledge in trading field, because without it you will be definitely disappointed, people here are so hasty , they just want to get a lot of money with 0 effort and knowledge, and it does not going to happen to be honest. If you want to secure your money then you need to invest in Bitcoin and Ethereum.
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It is certain that this domain is completely full of scammers ( like 80% ), if you are a beginner then you need to stay away from their shitty projects, and remember that most of tokens are definitely trash. Otherwise, try to learn more about Bitcoin and Blockchain in general, read some books, and the most important thing is the practice. Probably, people will give some pessimistic advices, like, stay away from this field, it is unporfitable and bullshit, you don't need to listen to them, Learn and read more and focus, believe in yourself, ignore the false media information.
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Well, I have heard that Iran is holding a huge amount of BTC and maybe other crypto but I don't guess that they sold BTC when the crisis occured. Otherwise, I think that the crisis of middle east is controlled by U.S. That whole region is really rich with natural resources including Iraq , that's why some of countries with great economic power want to exploit these resources just to achieve their goals. Furthermore, I guess that the crisis between Iran and U.S will have neither negative nor positive effect on Bitcoin's price. In fact, the whole comparison between this crisis and Bitcoin is completely wrong.
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What are you waiting for? Of course you should. In my opinion, it is necessary to buy Bitcoin especially when the price is under $10K or $9K. Plus, you may earn a significant profit especially when you hold a huge amount until the end of this year, due to the halving event is coming soon ( probabaly 3 months left ). I advise you also to buy ETH and Bitcoin cash and if you have more money then you should take a risk with some altcoins like, Tron, Cardano..ect. But don't waste all your budget on these coins ( 25% is definitely acceptable ) .
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In my opinion, it too difficult to make Bitcoin a main coin in any country even the poorest despite the king of crypto has a lot of characteristics but there is a problem of stability for all the digital currencies including Bitcoin. So this volatility may negatively affect on economy of countries, that's is the issue. Also, the governments prefer controlling of all the people especially in the financial field and due to Bitcoin is so secure, so they can't track any transaction and that is the second problem. Hopefully, everything may change in the near future.
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Actually, I only trust bitcoin and other few currencies like, Ethereum but I see that Tether has an interesting potential like the value of market cap ( more than 4 Billion dollars ) and their price ( less than $1 usd ) is pretty appropiate for buying a significant amount of it. But will this progress continue ? I have no idea, despite everything is pretty possible, we may see this coin on the TOP 3 due to XRP does not have tha ability for progess IMO, and the opposite may also happen. For me, don't take that risk for this coin try to buy just a medium amount especially in this, after the halving event, we will see the next step of this Tether.
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For me, being confident is very essential in trading but when it is too much (Over-confident ) then it will probably affect you negatively especially in your financial income. In addition to that, the market conditions are always changing from the best to worst, but you need to analyze every event and then deal with it smartly and without rushing. Furthermore, I am pretty agree with the third point, being greedy is one of main reasons that leads to financial losses, you sould control yourself especially in the worst moments.
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Well, I am completely agree with this CEO of Blockstream and HashCash despite I barely trust these types of capitalists, but he said the truth . Furthermore, it is pretty certain that nothing is better than Bitcoin even all the FIAT, despite they are pretty stable in value and the opposite is true for cryptocurrencies. In fact, I guess that listing Libra coin ( maybe next year ) will defnitely affect on Bitcoin in a positive way because the community of crypto will increase dramatically especially after that event. Better things is going to happen.
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Absolutely yes, it is certain that bitcoin will keep going to the top. By the way, maybe China's crisis is the reason for this pump. Plus, I predict that Bitcoin's price will touch $ 12K in March and I am pretty sure that this rise will continue but slowly until the halving event, but I would to ask some questions. Will China overcome this crisis soon? And what will happen next? Will Bitcoin return to the dip especially If China returns strongly? Let's see what is going to happen. To be honest, the surpises are always occur.
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Well, it depends on how Bitcoin's price will progress over this year due to Ethereum is the follower of the king. In fact, I am pretty that Eth's price will touch $ 1K but after Bitcoin halving, possibly, this prediction will happen when Bitcoin's price rise to $ 18K or $20K , I advise everyone invest into these best coins, because you will certainly earn an acceptable profit in a safe way.
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In my opinion, most of crypto projects don't have a special product plus the lack of budget, we only see the same concepts/ideas/strategies in these cryptocurrencies that's why they are shitty and worthless and even widespread in the entire market. Futhermore, I never bought any amount of these altcoins to be honest, and I never believed their fake characteristics, I only trust Bitcoin and other few crypto like Ethereum, Bitcoin cash..ect.
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