Well it is an opportunity if you want to buy with fiat, but since most of the times we have to sell some of our coins to buy other coins, if everything is red, it doesn't matter that much. Drops provide an opportunity to buy low only if you want to bring fresh money in.

Pretty much every single coin looks dead right now, nothing has recovered since the last drop. If you also consider the FUD surrounding TRX claiming it is a scam, it is no surprise that the coin is dead for now. Let's see if it will eventually recover.

Although it looks like binance didn't get hacked, it is a little bit worrying how they didn't announce the outage in advance. Even though there may be no bad intentions behind it, such sudden outages definitely look fishy and reduce people's confidence in the exchange.

Well, the riskier an investment is, the more money you can make off of it. Some people are trying to make big money, and if you manage to find an ICO which will eventually become successful, than there is no reason not to invest.

I think no one in their right mind would believe that bounty hunting as a full-time job is a reliable future. It is here now, and hopefully it will stay, but no one can know what the future will be. The format as it is is OK in my opinion.

McAfee is not even claiming that they are hacked. He is just throwing the rumor out there, that there are screenshots being circulated (where?) which are possibly shopped, which may or may not indicate that binance was hacked. It's not even a statement, he's just saying something for having said something. I have no idea what his purpose is.

I would probably go for XRP and XLM as safe investments. If you are willing to take some risks (because there are some FUD and scam rumors surrounding them) you may want to go for XVG and TRX; if the FUD around them disappears, both coins will definitely moon.

Thank you for the realistic approach. Every time the price dipped in the last two months, people have been commenting "now the price will start to increase" or "there is no way but up", without giving any reasons at all. The market shows no signs of real recovery and it looks like it is going to be like this for the foreseeable future.

People keep telling you that a good trader is patient, doesn't get demoralized and so on. I will tell you something else: A good trader also knows when to cut losses and leave the market. If you find yourself consistently making wrong decisions and losing your peace of mind, perhaps the crypto market is not for you. There is no shame in that.

Depends on when you entered the market. If you bought at the ATH levels two months ago, it's difficult not to lose your mind right now, especially if you wanted to make some quick money. As such, the golden rule of crypto still applies: Only invest the amount of money you are ready to lose.

You have to factor in the implementation of lightning network, which is supposed to address a lot of the problems that bitcoin has right now. If the scalability issues of bitcoin addressed, there is no reason for bitcoin not to take off once again. Also consider the fact that BTC is the poster child of all cryptocoins, and the importance of this in the minds of the people, I think that bitcoin will always remain above ETH.

Crypto will never die due to price volatility. If crypto should eventually die, it will happen due to external effects, like governments banning and so on. But if no external effects occur, the price volatility will not be the end of crypto. The markets will be volatile until they are not.

This is wrong. A good trader looks at the indicators, and if it looks like the price will continue to fall for the foreseeable future, they cut their losses and sell, to make up elsewhere. It is simply not a good practice to HODL without paying attention to the trends and indicators.

The price is not everything, and it can go down very suddenly. We have seen that bitcoin's scalability issues are still unaddressed, since the blockchain was not able to handle the number of transactions coming in when the interest in bitcoin skyrocketed towards the end of 2017. If these issues persist, there is no reason that a competitor that can handle the traffic take bitcoin's place.

I am (was) hopeful about XVG as well, but there is a lot of uncertainty surrounding the coin, saying that it might be a scam. Even if these allegations may not be true, since a lot in the crypto environment relies on the impression you make instead of the actual product, I'm afraid the price will not increase unless the FUD is addressed.

How much money do you have in your portfolio? If we are talking about small amounts, then it might not be a good idea to diversify this much, because although you are reducing risks, you are reducing the money you can make as well. It might be a better idea to invest in fewer but more secure coins.

Normally the generic advice is to never keep your coins in your exchange wallet, but how much money do you have? If it is not much, you may choose to keep them in your exchange wallet for now. Because if you want to trade often, and trade using a bunch of altcoins, transferring them between your offline wallet and your exchange wallet is going to make you run out of money in no time due to transaction fees.

I agree with your overall sentiment, but this piece of advice shouldn't mean that you should be patient forever even if all your coins are in the red. You should keep checking whether something is wrong with your portfolio, check the news, check the graphs and indicators; and if it looks like your portfolio is not going to recover, you should cut your losses and invest in other coins.

The price of your coins is not going to start increasing magically, so you have to make sure (as much as possible) that they are going to rise again. Otherwise, you may hodl forever coins that are going to keep falling and become worthless in the end.

The problem is time, of course. You simply will not have enough time to build up an account and accumulate followers across various channels. Add to that the fact that day trading takes even more time than that... So you probably have to choose between the two.

You can use google authenticator as well, instead of providing your phone number., if you are worried about your privacy. And as far as I know binance requires 2-factor-authentication only if you want to withdraw money, so when you trade coins during the day, you don't have to use 2FA every single time.