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I dont know about other industries. But yes you can earn pretty well in cryptos without investing your funds. The only thing you need to invest is your time and efforts. You can earn through bounty campaigns. Just learn as much as you can. Because its quite difficult to understand about legit projects. In nutshell you can earn in cryptos without any investment.
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This is true. You cannot earn if you dont have enough knowledge about your work or industry.
Learning is continous process. Always amend your skills with learning. If you have learnt enough about cryptos you can earn well by trading and bounties. So i strongly agree with your phrase Learning is earning.
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Eth is new to market if you compare with btc. Btc introduced in 2008. Around 10 years back. Btc is leading in cryptos since 10 years. And eth introduced in 2015-16 ETH is doing pretty well in past 3 years. People have faith in both coins. Both coins have massive marketcap. I think btc is good for long term holding. Rest both coins are good to invest.
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Well it depends on you. You can earn in both way. There are people who treat cryptos as second source of income. Many people consider cryptos as primary source of income. You can earn pretty well if you have ample time to spend on bounties or trading.
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I was a forex trader before I came to know about cryptos. My trader friend suggested cryptos as they were in their growing stage and had immense potential for giving out profits. So, I jumped in early. But market was not at all like Forex. It was new and highly volatile unlike Forex. But I did make a decent profit after of course incurring some loss hole understanding the market dynamics.
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You can't really tell whether a bounty/ICO is scam or not. Take for example PRL. One of the biggest project of 2017 finally turned out to be a exit scam. So be cautious while investing. Since cryptos are unregulated, not much can be done in case of scams and fake ICO. So it is one's own responsibility to put in some research before joining a bounty or doing an investment.
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Well, it all depends on you.
There are people who joined cryptos for extra source of income. And i have seen many people who are earning on cryptos only. In other words only single source of income which is cryptos. As i have spent many hours on cryptos. It crystal clear you need to invest you time too for handsome earning. Cryptos is time talking. If you have ample time to spend here or you dont have any other job. You can earn really good money here. But before that you should have enough knowlegde about cryptos.
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I always say don't listen to anybody. Everybody his here for their own interest.
You cannot rely on anybody. You should have enough knowledge to understand whats right or what will be favorable. Only then you can learn the basics. Do some research and when you feel that yes, this is the right time to sell you coin. Just do it. Play independently.
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We all know cryptos have high volatility. Price fluctuations are quite normal here. Cryptos is not like traditional investment where you get assured and stable returns. In cryptos time plays very crucial role. On the other side cryptos gives much more returns if we compare with traditional investment. Though returns are not stable in cryptos but sometimes you get massive returns. Yes risk is also involved. If you are investing in cryptos always remeber high risk = high returns
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I completely agree with your statement.
If you want to be a successful trader , then you need to be quite vigilant about the cryptos. You should have appropriate knowledge about crypto market , ICOs , trading. Secondly you should have enough experience in cryptos. Because it takes time to reach at that level where you can understand about the market, predictions etc.
A successful trader must have these traits
- disciplined and patient
- must have proactive approach
- follow his/her own trading plan
- make own decisions and
- always learn about the losses.
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As we know btc is leading coin in cryptos. Price of other coins also fluctuates when we notice in btc's price change.
As per experts's predictions price of btc will go up in the month of december. Right now eth , eos and ripple are perfect coins to invest. Most probably you will get desired returns from these coins in the year end.
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According to me fast trading strategy is fall under panic selling.
People who are in favour of fast trading strategy, they only get small returns on their investments. Because if you want massive gains then you need to hold your investments for long term. Secondly in fast trading strategy you cannot predict the prices. You will face high volatility in fast trading. All these obstacles you will definately face in fast trading.
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It depends how much btc i have btc in my portfolio.
Yes, i can trade my btc for other alt coins but partially. I will never trade all my btc for alt coins as we are well aware btc is leader in cryptos. I will trade my btc prtially only then if am getting pretty good returns from other alt coins. Trading all btc for other alt coins will be a witless decisiom.
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Many people are new in cryptos. Few of them don't have appropriate knowledge about cryptos , ICOs and about cryptocurrency trading. I have seen many people who invested their money without any analysis , study about that specific coin. And in last they got only losses. It is really very vital to have appropriate knowledge about cryptos if you want to sustain in this industry.
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Hodl is for the people who are in for long term. If you are someone who doesnt need his invested funds and is here for a period of 2-5 years, just buy and hodl a large cap coin you will get decent returns. But if you are here to take out the maximum profit out of this volatility and market. Get in short term trade. Day trading and short term trading is quite profitable in cryptos if you understand market dynamics.
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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 100% agree to this. Just like the internet boom, people are developing unnecessary shit in a rage of new tech, blockchain. Blockchain tech do has the ability to change many sectors from finance to retail. But it can't be used in just everything. This shit needs to be cut down. Everyday, I see hundreds of ICO with worthless project where blockchain is used unnecessarily. |
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I have seen people talking shit about the utility of Bitcoin. Have you ever made an inter country transaction? The answer of this can make you understand how easy and fast the Bitcoin can make transactions. Added to that there is a proper ledger maintaing the record of each transaction. This pseudonymous feature of Bitcoin is a plus. Also, there is a protection of double spending therefore, you won't need any third party as well. It can save billions in remittance fees if adopted worldwide.
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Cryptocurrencies are in their initial phase. Hence, it is like an opportunity for anyone investing at this point. But the problem is there are a lot of worthless coins since the market is immature at this moment. People easily fall for them because of good marketing. You need to make a wise choice in making investment. Go for coins that have utility and use case.
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NEO is one the top 10 alt coins in 2018
We all know people NEO is giving sturdy competition to ETH these both coins have giant market cap. Both coins have potential in future market. Both coins are less volatile in nature. If people say ETH is favourable for long term holdings then NEO will definately survive for long run. And it will be more mountanious.
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Cryptocurrency is always favourable for long term investors.
To get towering returns , simply hold your investment for long period of time. In long term people get more ROI if we compare with short term. I would say hold your investment , wait for the right time. Once price of coins will start increasing then start trading for fruitful returns.
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