Lots of coins are coming in every month. But I can't know which coin will good in future, Always I face problem with my confusion. So, is there anyway to know which coins are good?
Thank You
Cryptocurrency is all about risk taking but you have to be careful and thorough when considering investing in coins, especially the new ones. they might not be as profitable as their white papers ,promise. some might however be worth it,. coins with possibilities of success are characterized by;
1. Informative Website- if the coins website contains adequate information about the project from its founder's details to their reserved token shares then its worth having a closer look .
2.Reputable and experienced Team- the development team behind a coin is very important as the experienced ones keep coming up with other successful ideas as they know what the market needs are. an experienced team is a strong indicator on how serious the coin maybe.
3. Detailed Road map- a reliable coin will offer a detailed explanation on the development stages the coin intends to take, financing plans and set realistic goals.
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Most ICOs of late are full of scam and projects that may not succeed or last long in the market. if you've decided to invest on ICO, do your research well on them and understand what they have to offer then invest. have some bitcoins set a side for the future too, they might just prove valuable.
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I really want to buy groceries and gas with bitcoins.when it gets to this level then you know that bitcoin has made it. when small business owners star accepting bitcoins as a form of payment, it will indicate that it has finally been embraced and not considered a dark web currency
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Whenever a government announces to regulate bitcoin or cryptocurrency or whenever BTC price is in downfall, most of the media start to warn everyone not purchase or invest in Bitcoins. https://www.bitex.in/a-class-of-indian-media-unnecessarily-damaging-bitcoin-reputation/What is the reason for doing this? Do they intentionally do this so that even they can invest in Bitcoin and make some profit? Media houses in most countries have lost their independence and are sometimes subjected to external interest from people with personal interests. everything in the media is not always legitimate and we should do a proper research on what their warnings and see if they are legitimate. I however take the media warnings positively as as it increases BTC awareness and by the warnings, it encourages proper research before investing, which is a good thing |
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Political decisions can play a very important role in pushing the Bitcoin prices to the said heights. If countries embrace bitcoin and legalize its usage, its market value will be increased as more people will have the opportunity to fearlessly venture into bitcoins. Its the political issues are a major contributor to bitcoins valuation
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You need to diversify your portfolio and not invest everything in a single coin. I would add IOTA and Nano to the list as these are the biggest innovations in crypto world currently. You can also look into OmiseGO with the plasma coming in few quarters it is primed to pump.
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Nano is still very undervalued with the technology behind it. It is one of the most innovative coins with its free and instant transactions. It has the potential to make it in the top 5 coins.
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Would it be that easy?
Besides that, this whole elixir is getting me worried a bit. On bitcointalk, there are two coins with a low cap that are being shilled alot by newbies/jr. one is xspec and the otherone is elixir.
What do you guys think. Is this project legit?
I have been invested in Elixir for some time now and this coin would have tanked by now if it wouldn't had been legit. It's already made me back my initial investment and I haven't even sold too many coins. |
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Etherdelta was never usable. It had a terrible user interface. It would take any smart person atleast few hours to even understand how it works and that too if he is able to understand in the end. All the options for trading were made too complex with no guides in place.
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There are already Bitcoin killer coins with working product launched in the market and they haven't been able to reach anywhere near Bitcoin then how come a new coin even think about it. This is just a marketing stunt to get some publicity and attention.
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Three suggestions
NEO: Ethereum alternative for the Chinese
IOTA: Its dev team is making big partnerships with international firms. Also its instant and fee less transactions make it a nice bet.
OmiseGO: With plasma coming they will be able to scale to millions of transactions per second. If you think about it, its a lot of transactions.
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Binance is currently handling a high volume of trades per day and you won't even feel it when using its interface. It is trending among new crypto users for altcoin purchases due to the ease of using the exchange.
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Proof of Stake has been here for few years now, I can't really understand why Bitcoin didn't move away from mining to POS. Instead of paying the miners fees for doing transactions the fees could have been distributed among the bitcoin users through the means of staking. Also it would have helped Bitcoin become more decentralized.
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with Bitcoin making positive effects on economic development of countries, i think a course on Bitcoins in collage and other learning institutions is inevitable, more knowledge about bitcoin will be on demand and the know how on how it works will be needed. they best way to pass this knowladge to the future generation is through collage.
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well people have different views on almost almost everything, those who never saw BTC sell at below $1000 may not believe in BTC, they probably know it because of the waves of disappointing price deeps, but for those who witnessed bitcoin become a cryptocurrency giant knows what it is all about, advice your friends to read more and not judge too fast
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very true, and some of them do not have a clear outline of their projects, their target groups and what problems they seek to solve. makes an ICO look very suspicious especially in this scam and cash-grab era.
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We have seen countries passing laws that legalize bitcoin use within their territories while others consider BTC a threat to their economy and has therefore decided not no legalize it,,, my main concern is what factor s do governments consider before legalizing or banning BTC
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the reaction of various governments on Bitcoins are different, some countries like Japan, Singapore and Azerbaijan has stood has legalized and recognize bitcoins while others like china and Iceland still have issues with recognizing BTC, My government too seems not to have a stand on BTC, its neither legal nor illegal
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Unfortunately, as at the time im writing this, BTC is at $9704, if this is the further deep you were waiting for then its time to invest for it may not dive deeper than this. So invest now because when it finally shoots, the sky will be the limit. don't let such an opportunity pass by
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Priorities,. people have different priorities, and same applies in investment, the ones selling alt coins and investing in Bitcoins see more growth opportunities in BTC and are merely trying to take advantage of the current market situation. if your investment plans are along the BTC line then that's the direction to go.
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