I also think that Monero is a good altcoint aht we can invest. This is promising with its blcokchain concept and system. If you are looking for the anonymous coin to invest or transaction, Monero is the good chocie. You can pick the right time when to buy this altcoin perfectly.
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The risk in crypto is that we really lose our money (whole money or part) because of the very dropped prices when selling. The factor may be the panic situation and wrong decision and time to sell the coins. Sometimes, many people are panic when the price is falling down. many people then sell their coins although the price is lower than when they buy it first. It makes worst. therefore, don't be panic. Just analyze the market and see the chance and patient to hold the coins longer time until the market recovers.
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Yes, of course, the technical analysis is very important to know how accurate and how applied our research about the altcoins. With a good technical analysis, we can reduce getting lost (hopefully). However, as a beginner, what we need to do is by analyzing also the market and all information in the forum in order to enlarge our knowledge. Moreover, the beginners need experience. Experience may be a good or a bad experience by losing the money. Sometimes, it can be a very good teacher.
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If you want to hold that such altcoin, you must research them for the deep analysis. I myself will suggest some name of the altcoins but once more you should analyze further. Ethereum and NEO are a very good investment with its advanced smart contract platform. They have good future and value. I'm sure that the coins are promising to hold in 1 year. But of course, ensure that you buy at this lower price and sell them when the price is going higher.
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In my opinion, bounty campaign is more promising and profitable. First, it only needs small capital (the time, internet connection, thinking, energy). The rewards of the bounty are very promising and we don't need to spend the money. SO, the risk is small, we only work for free sadly if we don't get the reward. But when the mining, we must spend the big amount of the capitals to buy the tools and other equipment. The result is also limited per day.
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Central bank Governor of Spain has told the cryptos bring more risk than the benefits to get. but I believe on more risk more gain theory. If you can not trust crypto, you will not be able to see its value. Risk is associated with all kinda business. It just has to be calculated properly that which one would be profitable for you.
please share your thoughts in favor of mine statement or against.
That is true, I agree with this. The risks will always happen in everything we do. However, I also believe that higher the risk, higher the gain. However, of course, it needs more careful and smarter ways to manage and control ourselves in crypto. Best strategy and the right one is very important to invest or trade in crypto. It is essential to minimize the risks. Just be patient, wise, and trust on crypto and you will really reach what you expect.
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Yes, it may be tough because the market is often dropped and high every time. What you need is the strategy and patience in holding the coin. Buying the coins at the low price and sell it when it is high is a good way to earn the profits. However, once more, you must be patient and know the right time to buy the coins at the low price.
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Well, let's see the lists on the coinmarketcap or other listings. You will get more choices. However, do research deeply to decide which coin to be picked. You may analyze Stellar ($0.288852), ADA ($0.209283), SIACOIN ($0.016866) IOSTOKEN (0.039444), and some in ICO.
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Yeah, That pattern is seen clearly. We also notice that the price of Bitcoin however very gives influence to the altcoins. We notice that when the price of altcoins and bitcoin are very high in a month, then some few months later, they will jump down badly. It is because many people are selling their coins exactly in the same period.
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Waiting for the reward to be in our wallet after doing so many tasks in bounties is very worthy. However, 6 months? Really? I don't think so. I'm sure that we must contact the developer and ask way that so. They must explain the most essential thing that makes the payment done in very long time. It is rather not normal you know.
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Yes, that's true. The other reasons why an ICO fails is because of the community. The community can influence the growing or progress of an ICO so well. It is the way they spread and introduce their product to the people and investors. Additionally, it may be also the similar product with others and they are lack of the concept and benefits.
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It very useful and profitable being in the cryptocurrency. Cryptocurrency brings me not only the ways to learn the money freely through the bounty. The crypto also teaches me many things how to be a good trader, investor, and a part-time job. I have experienced many bounty campaigns that I followed and I got the very nice rewards. Most of them are valuable. But I cannot tell which is best. All (expect the scams) are legit bounty and they really pay me with their tokens. Losing the coins and getting the profits is the part of being in crypto and it is normal.
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I myself often follow the long bounty campaigns. The reward will depend on the campaign that I follow, the token allocation, and rules from the bounty managers. We cannot say for all bounties that longer the bounty, fewer the rewards. For, I have ever met the very legit bounty that I did for about 3 months and I got big rewards at that time. So, it is better to learn which one that offers you a good token allocation, period, and also the rules.
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Do you have a big amount of the ETH? If you have that much, it is better to still leave some ETH in your portfolio because ETH is a very promising altcoin for hodl. You may not need to see the price right now. Some months later, it will be brighter. However, if you want to sell some to get the other promising altcoin, it doesn't matter. As long as you have decided the best altcoin based on the research.
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There are two my favourite altcoins. 1. Ethereum, this is trusted enough, many use this platform, it is used for some kinds of transaction especially in the ICO. 2. NEO, it is likely the Ethereum of China. This altcoin also offers the smart contract. But, it is much cheaper and faster in the transaction.
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Feeling positive about the altcoins and the ICOs should be balanced with the research on them. Some altcoins are probably very promising and they have a good chance to grow and accept well in the future. But, some altcoins or ICOs are also less of attention and many of them are heading to the dead coin even we really don't want it. But, with the positive thinking, we may be sure that whatever the condition, every coin has its chance to grow.
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Ethereum and NEO. The two coins use the smart contract technology. They also have some advantages that make people more interested in them. They offer the cheap fee transaction than the bitcoin. The transaction is also faster so that it will not make people wait for the longer time. Now, their price is starting to grow and they are trusted enough.
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I commonly hire a simple strategy. Buy the coin when the price is low, hold it, wait until the price of the coins are higher than the prices when we bought them exactly. Make percentage how much percent we should sell the coins. Never be panic and greedy. Just invest and harvest wisely.
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I hold some altcoins for the long investment for the future. First is the Ethereum, second is Monero, and third is the Litecoins. I'm also still looking for the other promising coins even from the ICO to invest and hold for a long-term period. You may think of those coins or you may research more again on NEO and EOS. I heard that they are also great to longer investment.
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Yeah, it is true that very difficult to find out the legit bounty campaigns and avoid the scams. However, in my experience, joining the bounty campaign is still very promising. Except for the result of the bounty itself, the bounty gives the reward nicely. So far, I get the very nice rewards from bounty campaign and I use the tokens for investment and some for selling for cash.
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