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Buying Monero and holding is good for long term. In the present market situation it is truly hard to achieve good growth with Monero as well with any of the altcoins. Ethereum at the moment has come close to $200, Monero has come close to $75. We don't know what we experiencing is correction or the trend has changed. If the trend has chnaged, it is must to wait until next bull run to get good return.
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Without anything specific never get into any of the telegram channels. These days Telegram channels play a big role in the marketing of projects as well different services related to cryptocurrency. Gambling too isn't an exception, so with this there are people who keep track of users and make them get into gambling and spend on some scam websites which will be owned by the scammer.
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Trading full time is good if you have reserve fund with which you can fulfill all the necessary needs. With trading one could earn big out of the same in a very short time period as well can loss big in a very small time period. With cryptocurrency nothing go as predicted, if there happens a coincidence will get big return and the same if goes in the opposite direction it makes it a big risk of losing.
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I don't find it more potential, during the early days into the market it grew high in very short time span making it one among the altcoin getting more investment. Further along with every altcoin the market started to crash and there isn't any big recovery. Even now it has got good trading volume and listed on the top hundred, but slowly its importance is lost as the dominance level of altcoins keeps falling.
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How about an altcoin bull trend as the year 2017 is completely unpredictable. The recent recovery of the altcoins too have now experiencing a big blow with almost every altcoin falling much low. There isn't anything promised for the month, only the hope keeps the people driven forward expecting the ath of the altcoins reached again.
In short there is potential to reach the ath, but none can predict when this comes to reality.
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That's really a big capital, before making such a big investment one needs to be very clear in choosing the right asset. I suggest to have half the amount as reserve and invest the rest on bitcoin and other altcoins. As most of the users suggested a major investment on bitcoin and some low proportion into different altcoins on the top list will add more value to the portfolio. It is also good to choose some potential IEO and ICO.
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Businesses with cryptocurrency acceptance weren't not that popular around the world, as the technology backing is something new for the business people. Another side people fear about the volatility with cryptocurrency that isn't good to be with businesses. The best way to offer crypto services is by adding cryptocurrency payments gateway to the common businesses that people own. Initially there won't be big profits, when days pass surely it'll get good return as more and more people getting into cryptocurrency usage.
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To Op, it always depends on the altcoin on which the investment is made. This can be of low value coins or high price coins, the growth is valued based on the development and the real time usage of the respective coin. I haven't got very big returns out of investing, one of my friend got his investment of $100 turned to $428 in less than two weeks time.
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Almost every cryptocurrency user have bitcoin as primary holding and a big hope on altcoins as there portfolio is filled with more altcoins than bitcoin.
This time the growth of altcoins hasn't took a forward push along with bitcoin. More users have been moving all the investment from altcoins into bitcoin losing hopes. This makes me think this to be a time to invest more on altcoins.
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Cryptocurrency is for all, and here the one with the knowledge to pick the right asset for long term holding gets the best out of the investment. It is quite hard to find the one with the potential to grow much high.
Every user can hold based on his potential as we've got assets ranging from small value to big with each having its growth taking place with specific time interval.
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What's taking place with the market is the regular price fluctuation. Trumps statement has taken bitcoin to the entire world, through this even the unknowns too have come to know about it. This hasn't affected the market anyway, before every level of forward push there will be some momentum gain and the same is taking place at the moment.
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Not as an alternate payment, but it has been getting added to more services as one of the payments gateway.
How much users make use of the payment gateway is very low, but the usage has begun long back itself.
These days most of the people doesn't have knowledge about the cryptocurrency and its market.
More corporate firms entering cryptocurrency market will let it get used more than an alternate soon.
Over the years the usage and acceptance level keeps on increasing.
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With Facebook's libra into usage nothing to think of any worse case scenario. I believe libra will be successful in its way, same as that we have more centralized wallets holding funds, it'll also serve as the same.
As there is a higher number of users surely the usage will be high. This isn't gonna make any impact over the growth of bitcoin or over its market.
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I can tell you why crypto is so popular in Russia Don't know about Indonesia (but the same reasons can apply there as well), but in Russia people are very suspicious of the local government (deep inside) up to a point where they can publicly tell you one thing (e.g. that they fully support whatever the government does) but in reality they definitely know better (read, they don't trust the Russian ruble). And crypto happens to efficiently and effectively end the government control over personal finance enforced via inflation and a multitude of other nasty devices (given the rich history of fiat devaluations and money expropriations in this country) Different from in Indonesia, there may be some of the same reasons for each user. but most people here support bitcoin and crypto because of the economic benefits they get. I myself still believe in the government, and my local currency, I support bitcoin because I get a lot of benefits from it Almost every country with cryptocurrency adoption seems to have the same stand on cryptocurrency usage. No country has officially revealed support for Cryptocurrency usage, but there isn't no big opposition from the government which is the one that makes a outlook that bitcoin is supported by some countries. India has opposed bitcoin and now there is some positive news after the G20 meet. |
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Bitcoin with gold makes sense when we validate the growth between the two. In some countries bitcoin is added to the list of gold for the taxation purpose. This way gold is being made as a multiple purpose usage asset. What FED chairman has states is about the bitcoin's speculative market, and the future role of getting more stability as gold when the adoption rate peaks high.
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Earlier too there isn't any ban over cryptocurrency or over bitcoin. There isn't pure adoption of bitcoin, what the government has done with cryptocurrency over the days is the way to eliminate the illegal activities. As the election campaigning has begun we can hear the word bitcoin quite often as it'll also be talked as a major thing in everyone's campaign agenda.
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That's really a required information for every cryptocurrency users. Congrats on the effort for the same. Everywhere we've got social media support platforms to make the community widen. Few of which were the Twitter, Facebook. Once Facebook banned all contents related to cryptocurrency and now they itself have come up with their own cryptocurrency.
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You guys are seeing the best ever world cup cricket final match?!!!!!!
It's super over!!!
WOW!
Stokes is the hero for England.
Really the best of all time cricket world cup final. Really good play from both the team. The four run that went unintentionally during the throw for a runout is the game changing moment in my view. Stokes has made this happen and lets find the hero of the super over. |
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I confirm the participation for the third round of the campaign.
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As the market dominance of bitcoin keeps on increasing with time the market price too keeps on getting pumped. Ethereum struggles to experience some increase in the dominance level. Majority of the funds getting into bitcoin were from rest of the altcoins other than the top altcoins which makes the majority of the cryptocurrency shed blood with a massive fall in the value.
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