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Five years from now is too long because we don't know what will happen in the future. But I think cryptocurrency will grow fast as in the future, and I am sure that the technology will grow fast too. We are in the digital era which every technology still develop, and it will help our life so we can get a better life. The value will increase, there will be many more projects will release, crypto will accept in every country.
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A few days ago the price rose slowly but this did not last long until the price returned badly. Why?
I am sure that ethereum will be back to the high price, but we need to be patient for a while. We don't know when it's coming, but we can prepare if it will happen in the next month. It is better we are ready today because we don't know what will happen in tomorrow. And we can buy more and more ethereum while the price is not too high. I think the price is down because of the bad news that still makes people afraid to hold ethereum in the long run, so people sell their ethereum and waiting for another downtime to rebuy ethereum. |
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Bloomberg ran an article yesterday about the decline of Ukraine, and how 'guns and bitcoin are the only ways to save the country. The article also spoke about the toppling of the statue of Lenin in December 2013 and, since late September this year, the spot where the statue once was now allows you to see an AR version of Satoshi Nakamoto. And, according to a few people.... “He could be Ukrainian.” Thoughts? (let me know if you can't find the article and want to read it)
No one knows who was Satoshi Nakamoto since he doesn't reveal who is he. He can be one of us who still watching the bitcoin market, and I am sure that he does not disappear but he change to another person. I don't think that the article was giving true news because it is hard to detect one person who online on the internet especially if he doesn't use his real identity to talk with the other people. Besides that, I am not sure that Satoshi Nakamoto is only one person because he must be a real genius to talk about the idea behind of cryptocurrency. |
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How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
No, I don't try to sell at the lower price that still happen now. I only wait for the price to bounce back in the other day because if I did this, I could not make any profit. I will hold no matter how long it is because I am sure that in someday, the market will rise again and the crypto will increase and reach the highest price. But we need to be patient because it will not happen in one night and this year is the bad year for the cryptocurrency. No one should even be selling at lower price as anyone doing this obviously has shown the less understanding of the crypto space and how market should always be. Dips and corrections are normal and what we have right now is even a healthy one, so I do not see why people should always be worried about something they should not even be bothered about. If it is about worrying, those who have been holding since the onset and still holding till date will not have done so if they are so concerned about the short term, but the fact that they have been able to see the benefit the market brings in the future, it has helped them to focus more on things that are important. Then we need to stop worrying and don't think about the coin because this will give effect to our mind. But I realize that many people still cannot stop worrying about what happened in the market, and they still asked when this will end and when the price can increase again. I guess that they need to be calm down for a while and if it's necessary, then I will suggest to them to leave the market and enjoy their life. Worrying will cause the bad decision in the trading, and we cannot make any profit at all. Besides that, we cannot think the right decision and only makes another mistake. I don't want to do this and I still trying to calm down myself in bad situations. |
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I see that there are many ICOs that fail because of lack of funds even though the concept is good and potential, isn't it if the project is funded and realized the project will be successful and profitable for investors?
if the ICO project has sufficient funds and reaches the target, the profits earned by investors will double. In this year I saw many ICOs that ended in fraud and could not reach the desired target. I think investors must be more careful in investing in ICO on this years. I think the investor is afraid to invest their money because of the are getting the bad experience this year. Perhaps, they are only waiting for a while until they can see that there is a new trend will happen in the cryptocurrency. They don't want to get the same experience as before and like you said, they will be careful to choose the project before they invest the money. |
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I don't think that the airdrop will need KYC for the participants because I think the airdrop program is a giveaway for every people so they can know that the project exists and they want to show the power to the people. I don't want to give my details to that airdrop program because I don't know what their goals to collect the personal identity of each participant. I only want to be careful to give my details especially from the people that I don't know.
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The recent happenings of hack are becoming rampant that exchanges are no longer safe. If the exchanges can get hacked this means you and me stand no chance at all so in view of this if you can do get cold wallet/ Web wallet to keep ur funds safe, never leave ur long term bags on any exchange.
Do not visit random links and also stay away from airdrops requiring your private keys or Passphrase.
Do not store your private key or passphrase online.
It's called a private key or passphrase because only you should have it and not even the developers of the app has access to it and that is why if you lose your keys you have equally lost your walllet.
Stay positive and waiting for the bull run.
Stay safe everyone!
I agree with this. We are responsible for the account, and we never share anything about how many coins we have, how much the money we have to other people. We need to take care of our account to the safe place, and we need to secure the private keys by offline because it's risky if we are saving the private keys in the cloud. It is better to play safe than regret in the future. |
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I have been just in the crypto world for 5 months. I have tried to learn about blockchain, bitcoin, altcoins,... and I realize that blockchain is being abused.
Many projects are launched with the ideas of using blockchain. But actually, blockchain is not necessary to implement their projects. It just seems to follow the trend of tokenization. And their tokens are utility tokens, real "utility", which are utilized to raise their funds. There is no reality application of blockchain. I think everything will be good if it is enough. Will blockchain become worst if they continuely abuse it?
What do you think about this problem?
I can say that in 2016-2017 is the trend of tokenization and they use ethereum to make a project. But unfortunately, the project is a delay or cancel because this year, we are in the down time and all coins are fallen too deep. I think blockchain will not become worst because blockchain is a system that controlling the project and I am sure that blockchain will be better in the future although they continue to abuse it. There will be a new project with a base of the blockchain technology, and I am sure that the project will have a real utility for the people. |
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Ethereum is not moving to the higher price or, the lower price, and it's stable for the price now. I still have a hope to see the ethereum price will be back to the highest price. But perhaps, ethereum is waiting for the next bitcoin movements, and if somehow, bitcoin can pump the price to be more than $7k then it will bring new hope for the ethereum to increase higher. But we don't know what will happen with the market, and we should wait for a while.
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I don’t see the market rising atm. The prices are still low, so I think it is a good time to continue buying. To be safe, it is better to buy in portion than investing a big sum at once.
For bitcoin, I think it is stable at the range of price now. But for altcoin, some of the coin increase and we can try to trade to make a profit. But be careful because you don't know which coins that can increase in the short time. The market still on the way to rising and I see the green price is on there although it will change by another coin because the other coin wants to increase too. |
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Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.
I understand that in Bitcoin transactions are more expensive. But Bitcoin is more reliable than any other cryptocurrency. Isn't that important to you? everyone has a different trading style. if you want to trade safely, you can choose bitcoin. but trading on a prospective token, will get greater results, but also has a big risk, i think price is expensive or cheap depending on percentage of increase experienced I agree with you. Choosing bitcoin for trading can give us a profit although it will depend on how much money you use you have a chance to grow your money when you've got profit. But there is another coin that is faster and cheaper for the transaction, but still, bitcoin is the biggest reason for every people to choose the coin because they can get a lot of money from bitcoin. |
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Maybe if they have a large of hardware, they can still get a profit from mining this year, and they don't have to use a big fee for the electricity. But for people who only have the small hardware, they cannot make any profit, and even they will need to pay a big fee of the electricity. It depends on many reasons for the mining to continue and the big things that we need to aware of are the electricity fee which is different in all country. And if you can get the cheap electricity fee, then you only need to think about how the hardware can get a big reward from the mining process.
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It is not easy to stay calm in trading especially if all coin has decreased too deep. I see that many people still get panic on this and they cannot hold any longer and many of them are attracted to sell the coin at the low price. I agree that we must learn about how to not panic in every situation so we can remind calm and we can make a decision regarding what happened in the market.
You right, you know not all panics are experienced by only newbies, most users also experience the same thing especially if there is a big deeps, but what distinguishes experienced users with newbies is in responding to that panic, they won't let panic take over their choices I can say maybe all trader will become panic especially if one or two or more coins move together and it makes the traders cannot thinking which coin that he will pick. Sometimes I laugh when I see this situation and fortunately, I have a high-speed internet connection so I can choose the coins with fast and I don't delay the trade, and I can get the profit. |
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I don't believe that market will go recover these ber months, but I believe that cryptos will increasing the prices, maybe we can see cryptos recovering in the year of 2019.
The fact is that the new forecasts suggest that the year 2019 will bring very positive changes to the cryptocurrency market. doctrine, many experts carry out the facts regarding the entry of new investors from Wall Street and heavy industry to the market. I hope that in 2019 will bring some new for us and will help cryptocurrency to rise again. But we still waiting for the time to come and meanwhile, we can still try to watch the market recover at this moment. Although it is hard, I am sure that slowly the market can increase and all of the coins can increase higher soon. |
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Can you suggest me which one is best Altcoin coin hold for 2018?  For me, it's still Bitcoin and Ethereum, these two coins control the market and the community, all the other coins just follow their progress, some top coins are just a forked of Bitcoin and using Ethereum smart contract although there are coins that can make you ten times profit but when it comes to stability, they are the two coin. That is right, with these two coins, I am sure that we can hold this for a long-term and I am sure that we can make a profit too. But I think it still worth if we hold bitcoin only because we know that bitcoin price will increase higher in the long-term. And don't forget that the other coins will have the same opportunity to give a big profit for you. |
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You can go and make 20000$ or more... Just think - you already have an experience of trading for serious sums and you can play around current market.
He can do that again if he has money to deposit in the exchanges. But if he doesn't have money and he only has the rest coin, then I think he only needs to wait until the price rises again. It is too risky if he decides to deposit his money because the market still not unpredictable and the market is not stable, and we don't know what will happen later. |
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For now you only need to be patient, because many of the crypto experts say the crypto market will soon rise at the end of the year, and I personally also hold a few coins and wait until the price goes up.
Yeah, I am sure that with the patient, you will be able to make your profit again in someday. The crypto market will increase in this year, you don't have to worry, and you need to wait for a while. Besides that, if you watch the market, some altcoin still try to up and down, and I think this could be a good way to make a profit again. You don't have to get sad if you cannot make a bigger profit because the time will come for you so you can make it again. |
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I see that there are many ICOs that fail because of lack of funds even though the concept is good and potential, isn't it if the project is funded and realized the project will be successful and profitable for investors?
I think the investor is still on many projects, but some of them now is waiting for the right moment to invest their money because, in the last time they invest, they cannot make a big profit. And this is not their purposes to invest because they want to make a profit and this is the most reason for the investor. They can interest with the project but in the end, they think about how they can get the profit from the project and with many ICO has been failed in the past, they consider to wait for a moment and see what will happen in the cryptocurrency so they can decide what they need to do. |
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It's hard to do, and I cannot imagine how busy you are to finish every bounty. I think it's too much bounty that you can do now, but if you can get a big reward in the end, then you can do that. But you need to care about your body, and you need to take a rest for a while if you are getting tired and don't push your body to work more and more because it's not good for yourself.
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It is not easy to stay calm in trading especially if all coin has decreased too deep. I see that many people still get panic on this and they cannot hold any longer and many of them are attracted to sell the coin at the low price. I agree that we must learn about how to not panic in every situation so we can remind calm and we can make a decision regarding what happened in the market.
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