I think the time has come that cryptocurrency start enforcing its concepts and technology. Unlike in the past, they cannot survive without their real usage. So far almost all coins are being operated based on hype and speculation. As a result, many of coins without real use have been eliminated from the market. The market is in need of real usage projects at present.
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It is wrong to blame others just without any proof and until facts concerning the matter come out. In case of Miracle Tele, as far as I know, the project is not a scam. I am closely observing the project from the very beginning. After its fishy message that CEO of the project quit, the project has apologized saying the message was sent by a scammer. It has already started its operation.
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Why the market needs more cryptocurrency? There are already enough coins available in the market, and the number is not enough? I do not take the issue of creating cryptocurrency lightly? It is a serious matter and only taking the issue seriously will lead to a success. Taking this issue seriously will help eliminate shitcoins from the market.
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In my experience, new investors are impatience when it comes to cryptocurrency because they supposedly do not know much about how crypto works. Impatience comes from inexperience. The more newbies engage in cryptocurrency and trading, the more they will get crypto knowledge and become tolerance.
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Hype takes place in cryptocurrency. So traders start buying coins when they start increasing in price, thus causing bullish trend. So there is no question that traders do not buy coins in bull run. After reaching certain point, coins start falling in price as traders start selling off again. This is how crypto market operates.
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Yes cryptocurrency is being adopted widely. Authorities and governments are understanding importance and value of cryptocurrency. The number of countries embracing cryptocurrency is increasing day by day. Some countries have issued their own digital currency, leading to its mass adoption.
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Speed of transaction depends upon exchanges. Some exchanges allow fast transaction while others do not. I do not have much trading experience on exchanges. But depending on whatever experience I have acquired so far, Bittrex allows faster transaction. Coinall also allows fast transaction.
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I think this year has been very fruitful for Binance Coin as it rose vertically in price. Its price rose from around $5 to over $35 in a short span of time. So we can easily believe that BNB can hit $ 50 anytime. Now its price has been decreasing only to increase. I believe the coin will hit $50 by the end of 2020.
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My advice is you can trade in binance exchange without any hesitation. Binance exchange is becoming number one exchange beating coinbase. It is partnering with remittance companies. I think investment in Binance Coin is also good idea and it will give more profits in the long run.
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What else has made bitcoin so popular? The same thing has made ethereum so popular. And I do not think ethereum will be beaten by any other coin in the near future. Still, most of coins use ethereum platform. I also like Binance Coin and its potentiality is growing over time. But ETH is the mother coin and cannot be defeated in near future.
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You can invest in crypto through easy means like bank transfer, credit cards and paypal if cryptocurrency is legal in your country. I can tell you that investing in cryptocurrency is good idea if you find a good project. There are many fake projects. So you should pick a good project for investment.
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I heard that the ICO MiricaleTELE was very successful and the project works well. but recently I found out that the project’s CEO has left the telegram chats and token holders cannot withsraw dividends.
You heard only. But I am a victim of this project. I have got some 1500 tokens from bounty of Miracle Tele. I think all these tokens have gone to waste. I got an email stating ceo has left the project due to fud in the project and employees have gone to vacation. Since then, telegram manager is only to get in touch.
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I was addicted to cryptocurrency during the initial days when I was introduced to cryptocurrency. It was more than fun to check price of coins I have held and check cryptocurrency-related news. But nowadays, I have lost my these interest in cryptocurrency as the market is down. I hardly check price of my coins once five days.
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Why I was not introduced to cryptocurrency or particularly to bitcoin during 2010 when price of bitcoin was very low. Sadly I was brought to the world of cryptocurrency only during 2018 when there was too late to earn more profits from cryptocurrency.
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There are many exchanges that allow conversion of your coins into straight fiat money. But in other instances, you should first convert your coins into popular coins like bitcoin, ethereum, ripple, eos and then to fiat money. In my case, I have converted my coins into bitcoin or ethereum and then to fiat.
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You are on the right path friend. As you do not have funds to invest in cryptocurrency, the best idea is to participate in bounty campaigns and earn free tokens. Starting as a bounty hunter gives you some basic ideas about cryptocurrency and how to trade coins. So you can start as a bounty hunter.
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One of the best options for increasing your altcoins are bounty campaigns and airdrops. You can participate in bounty campaigns and airdrops and get free tokens. Another way is trading. With some investment, you can start your trading. Buy some potential coins and sell them for profits. Investing in good and potential ICOs is also cool idea.
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Do not expect that cryptocurrency will make you riches overnight, and you must not quit your job just for cryptocurrency. It will be your wrong decision to quit your job for cryptocurrency as the market is unpredictable. If you are keen on involving in cryptocurrency, you can do it without quitting your job.
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I cannot say that all altcoins are legit and good for investment. Many investors are being scammed by fake projects, according to reports. So traders, investors and bounty hunters should stay alert before investing in altcoins. They must conduct researches, view whitepaper, project team and technology beforehand.
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I think most of bounty hunters experience this situation at some point. I am victim of such situation as well. Bounty hunters are taken for granted by some crypto projects, which is too bad. Locking up bounty tokens and not distributing tokens in time is not a good practice.
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