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When it comes to holding altcoin, it would be difficult to go wrong when your have the top altcoin like ethereum and bnb. Bitcoin is the king and a must hold for cryptocurrency enthusiasts. My goal is to accumulate more bitcoin over time using the DCA strategy. Altcoin that falls within the first 20 on the coin market cap should also be taken serious.
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No doubt the eth gas fee has reduced as compared to the value we had few months back. I want to believe that this issue of scalability is getting more attention and the developers are working on ensuring that we have lesser cost of transactions. I only hope that the low transaction fee is sustainable for a long duration.
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I have 2 BNB, what is a good project to invest in? Something with utility, no shit coins
Binance coin is a great investment on its own, but if you're looking to diversify, then it's best to include ethereum, tron and Solana to your portfolio. You can also consider choosing from the coin market cap, but stick with it projects on the top 50 at least. Another approach is to convert to stable coin, if you're concerned about the reduction tendency or go all in to Bitcoin for a more safer option. |
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When you have a portfolio with gems like bitcoin and ethereum, you don't need to be worried about the market conditions, because these are long term projects and has the potential to give more returns in the next bull run. But holding some altcoin with low volume could be risky and it may be more appropriate to convert to stable coin.
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The next bull run should be coming up anytime soon, I'm of the opinion that that the cryptocurrency market is evolving so we shouldn't be quick to compare the pasts trends in the market to our anticipation in the future. I'm a proponent to the view that in this space anything can happen. There's no room for surprises.
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People always find a way to get what they want at the expense of the public. It's a bare truth that the majority of wealth in the cryptocurrency space are in the coffers of a few. Most people running into the space in search of greener pastured ends up enriching these few who are more united and committed to remaining on top. The cryptocurrency industry is not different from other finance related industries.
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I personally don't see a project of this magnitude getting any success from ICO. I may sound pessimistic, but airline business is widely known to be capital intensive and bringing the volatility of cryptocurrency to such an industry would spell doom for the developers and users of the service. From the look of things, they're looking forward to getting funds from the public who most likely are looking for an easy way to invest and get out. I personally don't see it working, period.
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Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?
Cryptocurrency is yet to attain that height at which it would be used for mundane transactions, the best we have now is for a cryptocurrency to be accepted by individual merchants. Some merchants have built a system at which cryptos could be readily converted to fiat without barriers and as such accepts a wide range of cryptocurrencies. |
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The situation of the market has contributed to the scarcity of bounties in the forum, especially that of potentially viable projects. Most projects are even sceptical about lunching due to the market situation and this is understandable. I really do hope that the market would pick up soon.
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should i buy this time or invest in other Crypto? is Solana good investment?
From a general point of view, this could be the best period to invest in your choice crypto or altcoin as most of them has reduced in value to a large extent. It could be a good idea to consider buying some quantity little by little to avoid the risk of buying a lot and the value still reduces. So plan your strategy and remember to only invest with your spare funds. |
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What platforms or websites do you use to track projects before your ICO? And what criteria do you use to invest in them?
There's no singular platform that could be trusted to help you get all the information you need to know before making your investment decisions. The research is meant to be done by you. There are several influencers that are paid to influence your decision by singing praises of the awesomeness of projects, those are not to be trusted. Always do your own research and know the truth for your self. |
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One of the issues facing technologically advanced industry is rapid obsolescence. There's is need for continuous learning and innovations Inorder to remain relevant in the industry. The blockchain and crytocurrency industry requires continuous improvement and this season could be a great time to invest in more knowledge.
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As you intend holding for a long time duration, you can use the 120 days option on the binance exchange website and roll over after the period expires. It's even possible to use the automatic roll over button that keeps your asset staked for a longer period of time. The APR may not be the highest, but the risk is lesser.
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This is great news for me and a step in the right direction for the ripples project. I learnt that the project was on low key due to the legal issues it was facing with SEC. I only hope that the issue is resolved and the project bounces back stronger and better.
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There's is no doubt that these projects issues contributed significantly to the falling prices as the billions that were carted out affected the coin market cap and its multiplier effect coupled with the fear that is imminent on the market. One bad news has impact on the emotion of both those affected and Infact the market in general.
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The market always rewards those who stayed during the bear with the bull. There are endless opportunities lurking in the cryptocurrency space and only those that are willing to persist despite the odds would reap the fruit of the industry. The bull market would always come after the bear, so there's no cause to worry.
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