It is worth holding both crypto and fiat although i know this is difficult. In a SHTF scenario it could be the USD that is needed, or gold, or bitcoin! It is hard to tell and depends on the situation. Bitcoin is useless after a major earthquake, but very useful during an economic crash.
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That is a good list but you forgot about the defense system and salary for military personnel. Without it your country will be taken over by a stronger neighbour if you have any useful resources. Taxes are sadly needed, but millionaires should be paying more, either in fiat or crypto (when they are accepted)
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It's possible that he bought them a long time ago when it was peanuts and never thought it would be worth anything. Hence he didn't bother to tell his family because they wouldn't understand how it worked and it wasn't worth much at the time (relative to his wealth).
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I guess this will help those ICOs who are based on the erc20 token to sell their products using coinpayments as a gateway. My guess is that the commission fees are going to be high in order to cover the additional fees for ethereum gas
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I think the majority of people on this forum can answer yes to more than five of those questions. We all need help but that's why we are here! Without crypto addicts this forum will be empty so i'm glad that we are all addicted to crypto
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ZNAP is a good investment because "they have invented an index that tracks the performance of every coin and rolls that up into 1 investable token you can rely on". This is a great way to buy into an ICO that will not lose it's value because it's based on the value of other coins.
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The development team and roadmap is important. There must be something in the pipeline that can push the value up like an application for binance. These days however, privacy is a big issue so picking a privacy focused coin is likely to be profitable in future
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It would be nice to see the alts market being given some independence from bitcoin's control but it won't happen any time soon. Investors are still cautious and will put something like 50% into bitcoin before investing the rest in other riskier investments.
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I think this is a high risk coin with a scam accusation attached to it. Also, coins with a massive airdrop are questionable unless there is an incentive to hold the coins. As a clone of ASCH, it is hard to see value unless there are unique features added
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If ripple somehow managed to get dumped back to 2017 prices then yes it is possible, or if you had hundreds of thousands of dollars then sure it's possible. Pump time for ripple is over now so if you want to be a millionaire with a smaller investment, take a risk with low market cap coins and hope for the best.
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what do you guys do if you have a lot of coin but the price is very cheap? will you buy that coin again after it hold it until the price goes up? how best do you think? Thanks.....
Depends on what you mean by a lot coin. If you mean a big portfolio then it is good because some coins go up while others go down. However, if you are referring to supply that is large then it will always be cheap unless the developers decide to burn their coins.
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What the hell happened today in cryptocurrency, why is everything going down the drain? And it is still happening, it is hard to stomach because there is no bad news that is causing it. No major hack on binance, and mt gox isn't flooding the market with bitcoins, so who knows. Just hope it doesn't go on for much longer, otherwise the market will die
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For an overview there is coinmarketcap and coingecko which are both useful tools, but if it's just a handful of coins then download the blockfolio app onto your smartphone so you can keep checking your favorite coins throughout the day in a small and easy to use interface.
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There is no win win strategy for trading when you trade you have to accept the fact that you have equal chances of losing. You can't always profit from every trade and that is the reason stop losses are there to cut down the loss and move on to other trade. Just learn how to use them appropriately and you will be good to go.
The only way of a win win strategy is to be very quick on the button to get those gains and stop trading! However, assuming we're not here just for a quick buck, to trade continuously while minimizing losses one has to keep checking the charts and ensure those buy walls are healthy to keep your investment from dropping. When buy walls are gone, it's time to find a new coin
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People will need a reason to buy that amount of coins so there must be big news around the corner. Take a look at SONM which has just released details on setting up a masternode. This will give a good reason buy and hold large amounts of coin so this is going to rise, probably 3x as required
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The market now is more difficult to trade in because it is continuously going up and down. I suspect there are more experienced traders entering the market, like the ones migrating from the stock exchanges. To cut your losses, buy back when it hits the bottom so future gains will counter those losses
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This is where the experienced traders get rich and the newbies complain about their losses. The bear market is the best time to buy, everything is low and you can pick all the good coins. When the bull market returns, newbies start to buy while traders just cash in their profits.
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Your opinion on these 2 competitors ? (you also can compare with EOS,NEO,Lisk,Zilliqa).Chinesse IT ministry rated ETH as best blockchain technology you think that some of competitors can surpass ETH in development ?
All of these coins are good investments, but i would pick the ones on the list rated by the Chinese IT ministry. Ethereum, NEO, and LISK were in the top 5 and when Chinese investors join in they will pump those coins. Getting in now while they're cheap can lead to big gains during the next bull run
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Some people get blocked because they use fake followers i.e using a paid for service. It is easy to tell who they are because they get hundreds in one day and they are not superstars or famous politicians. I'm sure Trump got thousands after he became president but regular people won't
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A lot of people are bullish on ethereum, especially after China rated it the best crypto to invest in. I would say it can hit $2000 by the end of this year, and easily go beyond 2k next year. However, there are strong competitors like NEO and LISK so investor may switch to these cheaper coins as they have more room for growth.
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