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until now I still hold a few cryptocurrency coins which in my opinion still have very good potential to make a lot of profit, the coins that I have now are bitcoin and ethereum, I focus only on these two coins which I think can still get profit for the long term long.
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Scam, They don't have much information about it and even Teams who manage the project, Tell your sister there are still many good project to invest, which already listed or pending to be listed on some popular exchanges. Guide your sister and teach her different ways on finding good project to invest.
He can educate first himself so that if his sister would ask him any question regarding to crypto currency invest, he can answer it quickly and correctly. In that case, he can easily convince his sister to avoid such scam projects. We should be careful in investing in cryptocurrency, top cryptocurrency sites would be the best option for us to invest. We should also provide a high security wallet for our tokens. maybe he already got education about cryptocurrency but the one who gave a lesson was not the right person meaning he did give lessons to you about cryptocurrency but in the wrong way ultimately makes your brother trapped and has the risk of losing his assets and certainly it will make you disappointed. |
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Tell us why you have chosen Litecoin or Bitcoin Cash? Everytime I tell people, personally, ask yourself why would you buy these coins in the future? Do they offer something new, something revolutionary? No. Does Ethereum offer something new? Yes. So here is the question for your answer.
I think saving both coin bitcoin cash and litecoin has a very good potential to get a lot of profit, even though bitcoin cash is better than litecoin but litecoin still has potential, at least if from 100% it can be 70% for bitcoin cash and 30% for litecoin , while for ethereum I still doubt its development. |
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There are two types of people. Those who want quick money, those buy in the hype and then sell in the lose at the end. And those who buy, hold it on a wallet, come back after few years and enjoy the money. Isn´t a second option much more easier? But it requires a time.
It's not consider about there are so many old holders even losing their money due to the dump that happened before. It's better to give a limit when we have been getting decent profit from the market and just sell it for stable coin or bitcoin to re-invest again for the next time. I think investors who are trapped in high prices are better to choose the way to keep waiting until the price rises again because when you sell assets at a low price will only provide losses while if re-investing will not provide a profit guarantee, it's better to keep waiting until prices go back up. |
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there are many ways to be able to get money from cryptocurrency in 2020 one of which is to open services such as creating websites that can make payments using cryptocurrency and maybe you can also try to participate in bounty campaigns or airdrop which in my opinion can give you cryptocurrency with notes should complete the given task.
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I don’t remember the projects that paid so much. If in 2018 you could still find profitable bounties, now it is very rare.
of course at the moment there is no bounty campaign that can produce many more results because there are no good projects and there are few investors who believe in the ICO project in cryptocurrency because there are many ICO scam cases so that it turns off the circulation of the bounty campaign and until now there is no bounty campaign that gives a lot of prizes. |
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I think it depends on what new coins are bought because not all new coins are profitable. There are new coins that are not good because when they are listed at a high exchange rate, but when they start trading open to the public the price falls and there is no support from the developer.
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sometimes if I talk about the name of the bounty manager, this is a difficult decision to answer. Because of what ?? sometimes when we judge if a bounty group that we think is unreliable in one project, it turns out that in another project they manage, it gives us a lot of advantages.
it's not so difficult to answer that. The crap project will always dead like this. Dude, what you have been saying was happening with only one or two projects but when you wanna see from the all bounties group and the majority of the bounty group of scam project already death. which causes many scam projects that have a bounty campaign program is the fault of the developer because the task of the bounty manager is only to manage and assign stake and calculate the total stake to the participants, the bounty manager is paid only for that while the scam or not the bounty manager cannot give guarantees, can only provide guarantees when the developers have done escrow or the allocation of payments has been given to the bounty manager then it will be safe. |
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1. Very high volatility with cryptos unlike forex trading. If done very carefully and well, i can make much more money in a very short period as compared to forex trading
2. Most Forex platforms require KYC which isn't yet a requirement for most crypto margin trading platforms like Bitmex and Bybit.
3. In crypto, markets are always open unlike forex.
well, not only that is the reason why cryptocurrency trading is better than forex, you can see from the trading system in cryptocurrency when you have coins and prices fall then what changes is only the estimation of assets and when prices recover, your assets also go back up, whereas in Forex trading when you buy and the price falls, then immediately lose some of your assets and when prices go up, no one can return because there are no assets in the wallet. so that's the danger of trading on forex. |
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The problem with many traders is that they try to tell the market what it should do based on their own analysis. Such behaviour is the reason why many people fail at trading. The market is alive and should be listened to, each candlestick tells you a story of the price action. Forcing your opinion on the market will only result in losses.
I think only a few amateur traders will do that because when you can control the exchange and have lots of money to do that you can get a lot of profit without having to look at the analysis from anywhere. |
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There are so many of them. sometimes i even wonder if it is the team that planned to scam or the bounty manager just ran away with the money.
I think the list he gave is still incomplete and there are still many scam projects, it would be great if someone added the team name of the scam project so that we can all know that the person has been indicated as a scam and as much as possible to avoid projects that have teams like that. |
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The true should be told, the entire market was deepened because of the coronavirus and that's what I know frankly speaking. Many experts spoke concerning this that, the cryptocurrency was created to stand this crisis but were disappointed when the crisis struck and cryptocurrency went down with the other market. Though, much have been done to the market but hope to see a good positive movement during this halving and after.
This crisis cannot be controlled by anyone because it is purely due to a coronavirus, therefore many economies have slumped due to the lockdown applied so that many industries and companies cannot run normally so their income is reduced by half. If cryptocurrency becomes the stage of a crisis then it will not pass for a pandemic like this. Almost all countries experience the same thing, so crypto cannot soar when the stock market goes down. indeed many suffered losses during this epidemic many companies collapsed and many people lost their jobs and made the world economic condition to be destroyed instantly because many people were unemployed at home, but even though like this I am sure everything will recover soon. |
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Today there were some rumors or unconfirmed news that eth 2.0 is going to be delayed and will launch by end of this year but i think that was just some kind of fud. To me Eth looks ready for moon fly just check the long timeframes and you will confirm what i am talking about off course you need to have technical analysis knowledge for that.
I think when a platform that is always doing delays to develop then it will only disappoint some of its users because it is definitely awaited is a development that can trigger investors to enter and raise ethereum prices but when there are cases like this I become doubtful about rising ethereum prices. |
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I think your strategy is still to buy low and sell high and DCA, and it's not really safe. keeping the coins stable can help you react quickly to market changes, but I see you don't mention placing stoploss, which is a big risk.
indeed the strategy used like that but you should know that to determine the position of low prices and a good position to sell is very difficult to occur because basically the price movement of cryptocurrency is difficult to predict, so for the easier you might apply according to what you say and implement long-term trading, wait until your sell order is sold. |
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In that post, List of cryptocurrency exchange hacksI told you which are the exchanges that have been hacked so far, if you have read that post then you can say most centralized exchanges have been hacked, so I thought that decentralized exchanges should be encouraged. | Exchange | 24h Volume | Country | Twitter Followers | | _____________________ | _____________________ | _____________________ | _____________________ | | Bamboo Relay | $283,574 | Australia | 998 | | dYdX | $2,749,356 | United States | 8253 | | Idex | $2,047,802 | Panama | 37.2K | | ViteX | $981,898 | British Virgin Islands | 10.8K | | Binance DEX | $581,802 | Malta | 58.9K | | Switcheo | $81,155 | N/A | 15.1K | | Saturn Network | $6,134.89 | N/A | 4.2k | | Dex.Blue | $2,892.50 | Estonia | 901 | | Cybex DEX | $61,599 | N/A | 723 | | Radar Relay | $75,611 | United States | 17.6k | | Newdex | $41,456 | Cayman Islands | 6.9k | | Uniswap | $8,058,436 | United States | 62 | | Kyber Network | $2,355,570 | N/A | 105.6K | | Tokenlon | $1,177,520 | British Virgin Islands | 1128 | | TokenSets | $808,134 | N/A | 9332 | | Deversifi | $68,575,952 | British Virgin Islands | 30131 | | Bancor Network | $306,170 | N/A | 78970 | | Birake | $288,417 | Estonia | 2545 | | WhaleEx | $25,023,711 | Singapore | 2683 | | Nash | $152,952 | N/A | 68002 | | StellarTerm | $97,937 | N/A | 444 | | TronTrade | $52,526 | N/A | 6507 | | PoloniDEX | $33,566 | China | 13345 | | ForkDelta | $8,988.38 | N/A | 10704 | | Allbit | $4,086.25 | South Korea | 339 |
Source: coingeckoThe purpose of this post is only to give you information, you should also do your own research before using them. Some tips: - Always use a wallet that you provide a private key.
- Always use 2FA security on exchanges.
- Never hold coins ever longer on the exchange.
- Try to use a paper wallet or hardware wallet.
Thanks for this information regarding about difference DEX platform. I never know that there are lot of them to choose in to trade crypto in the market. I definitely agreed that using private key was one of the safest thing to secure our personal account. I think the trading volume displayed is not entirely correct because I know that trading volumes in an exchange place can be manipulated so I think only exchange places that have a good reputation have real trading volume, whereas other exchange places that have that much trading volume are very doubtful. |
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The authenticity of the members in a project is very important, the team must be clear if the project can be trusted, but this does not make the project worry because some new projects use fake team members, from the CEO and even advisors are all fake, be careful, make sure you really check
some cases at the beginning of the fundraiser and when the project is in the early phase there are many people participating then they will look responsive but when it starts to end and can get a lot of money from investors they will immediately disappear and show their true nature that they are scamer. |
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Halving is finally over and many feels disappointed because they expected bullrun to kick instantly, well you can make gains from bear market too, here is my own advice, find way to be in between bull and bear by.
1. Hold part of your Bitcoin and
2. Buy Usdt with remaining half
So whatever the market situation turns out to be you will be there to take full advantage
Holding bitcoin and USDT doesn't let the people to be in profits, they have to learn how to trade with it.Most of the traders who doesn't have literal knowledge about crypto trading are simply gambling with their money in the name of crypto trading.Its better to analyse the market before making any decisions. of course to be able to get a lot of profit then the balance or assets owned must be used for trading so that it can provide a lot of profit because it has a very fast price movement and you can use the profit to make a profit. |
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Agree that projects need time to develop, but they need to follow their roadmap. If a project does not work like a roadmap, it is definitely a bullshit project that you need to avoid.
the development of a project is the key to the success of the coin owned and will have a good impact on price movements while the development of cryptocurrency depends on its use, when cryptocurrency is used to do bad things it will destroy the name cryptocurrency and it will be increasingly difficult to develop digital currencies based on technology from cryptocurrency. |
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This is what everyone should know. Price dump is inevitable because its unhealthy for price to keep going up. Traders and investors will take profit which will cause price dump not minding how good the project. But a good project will rise with development and demand.
OK let's say you talk like that but now there are many cases like that when entering the Binance exchange place the price will be very difficult to go down but when it has been removed from the binance exchange place the price will immediately fall because many are panicked and the price is influenced by a projects that are developed from the platform when what is developed has a good influence and can be used as a solution then many will use it and the price will definitely rise whereas if not used there will be many who sell it and dump. |
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for this year I think there is no income above $ 5,000 anymore because the bounty campaign is not too good anymore and many cryptocurrency prices are falling and it's difficult to trade so now it can be said as my worst income in history I know cryptocurrency.
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