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Yes indeed do think that altcoins will be a strong and solid competitor to bitcoin dominance. Well I must add that I think that only SOME altcoins will be a menace to bitcoin. There are new coins that are safer, faster, with lower fees (some even feeless) and some have far better privacy protecting technology. So, why wouldn't some of these coin grow bigger and bigger as time passes by? I think they will grow as big as to really be a competitor to bitcoin in worldwide acceptance
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I don't know if my experience counts, but I didn't buy bitcoin. I just took interest in cryptocurrency sometime in September 2017 and started to to some bounties to get free tokens and coins. At the time bounties were everywhere and with just some tweets and Facebook likes one could earn quite a good amount of cryptocurrencies. Most of them are worth nothing now, but I got a nice collection a tokens and coins. Who knows, maybe I the future they will be worth something, at least as collectibles ahaha
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Well ll. I don t really know about lite coin. It wants to be like bitcoin, but bitcoin has much more value. It wants to be faster than bitcoin but there are tons of other coins that are faster than lite coin and bitcoin. There are tons of altcoins that are newer faster and better, even so that they have more recent technology and a newer blockchain. Litecoin it is just a rip off of bitcoin, in my hopinion. It will never go to 0, as long as bitcoin has value, but it will never be worldwide used.
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What is the best and trusted wallet for lots of altcoins?
No other wallet is safer than the wallet created by the coin dev/team This might not be entirely true. What do you think about hardware wallets than. There are hardware cold storage wallets like ledger nano s that support lots of altcoins, and I think that hardware wallets are safer than any other software or jot wallet. Even if the deva created a proprietary wallet, if an hardware wallet can support that specific coin, I will choose the cold wallet. It is much safer. And cooler, if you ask me. It is nice to have a piece of hardware specifically taking care of your beloved coins |
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The market seems to be green again. There's a lot momentum around some coins at the moment. EOS, ETH, IOTA, and so many other coins are significantly well. Even King BTC hit $7k and it has stayed above it for the most part of today. Is it same to say the bearish market situation is over and the bulls back in business to dominate the market?
This brings a tear to my eyes. In august everything seemed ready for a new bullrun, yet we are still Goin down. Or sideways in the last month. I think that the cryptocurrency market needs at least 1 more year of maturity and stabilization before it will be ready again for a real bull market. If that ever happens. We need to see if global adoption of cryptocurrencies is something achievable in the next few years or things could stay the same |
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For nei to really become strong (even though it is already a very strong altcoins, being in the top 20 of all coins), China will need to be a lot more open minded about cryptocurrencies in general. Right now neo is a little diamond oppressed in a country (China) that ban most of the cryptocurrencies out there and force the use of neo, in a way. This drives away a lot of investors and developers form the neo envoirment and platform. Also neo needs more tokens based on its blockchain
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Ethereum is probably the most trusted altcoins there is right now. That Is simply because it has the higest market cap and the biggest community of users, holders and developers. If I had to trust a coin by its development team, and it's team in general as well as its safety, I would say that electroneum might now, has my trust. Big project, serious team, open and transparent project, good tech. I trust this one more than many other crypto proojects
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Well this is not a real question. 90% of all governments in 5hw whole world already "accept" crypto. This is, they simply are legal, and not illegal. In almost every state in the world you can buy, sell, trade or use cryptocurrencies. Bitcoin, ethereum, altcoins, they are all legal almost everywhere. Things are different if you mean that states should start advertising the use of crypto. If that happen, we'll, I think bitcoin could easily reach 500.000 dollars per coin, and other major altcoins being in the thousands
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Here is lot of iCO. How i find legit ICO.
Well, English is probably not your native language, and that could be a little problem. This is because the best way to find a legitimate ico is to study and do your own research about an ico that could interest you, before investing some of your money. You should first find a project that sparks something in your mind. A project of which you could say "well this is going to be used in the future by a lot of people". After that you can research the team. |
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Just today I have read in reddit a post about how the ethereum platform geth is the 5th fastest growing github project. And it is the 5th largest github project in general. This means that there are so many people involved in the ethereum platform, researching and developing ethereum that it will probably never stop at this point. If Vitali dies or reject ethereum, the community will keep on coding
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When you are still a newbie to this cryptocurrency world, it is better to take action and study the flow of its ecosystem and be prepared when you make an investment to avoid a profit loss. Don't make drastic move that you didn't prepare to it. Always make your own research first.
This is literally the same thing every YouTube say at the start of their video about cripto currency. I think that at this point in time there is not much more excuse for being ignorant about this subject. If someone is putting money blindly on every new project they come across the internet, we'll shame on them. Everyone is saying to do your own due research before investing. Everyone know that |
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The blockchain technology at this stage can be compared to the internet at its early stages, where mass adoption was also an issue. The internet was actually invented in 1969 but didn't get adopted until the 1990s, even then it wasn't accessible to everybody. But it has now become a necessity in every industry and for everybody worldwide.
The blockchain technology is at its infancy stage and it is already making innovations in different industries. Though there are a lot of restrictions against it presently and some nations do not want to adopt it, but it is not a technology that can be stopped and it will surely gain mass adoption with time.
What is your opinion about the blockchain technology?
A lot of people on the internet say that blockchain is comparable to the internet state in the early ninetees. I am not 100% sure about this though. There are a lot of technologies that were born and showed a lot of promises, and one could say they were comparable to the internet but guess what. It is not sure that those technology will show the same growth as the internet. We cannot say if blockchain technology will be as big as the internet itself can we? |
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Does any one thinks that Ethereum can survive with the rising of Waves? I've heard that "Waves will be the next Ethereum"
I honestly think that only stellar has the potential to be a good competitor of ethereum. And by good competitor I mean that it could at most take 20% of the ethereum smart contracts share. Ethereum is too big now to be toppled down. When Casper and sharing will it the mainnet nothing will stop ethereum. Waves is too young and too niche to be a real threat to ethereum dominance |
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I think that if you go lower in the market cap of cryptocurrencies the risk is higher. But the potential profit is higher too. It is like moving from a high risk high reward market (top 100) to a super high risk super high reward market! The smaller the marketcap the higher the potential profit. But you should only trust good projects
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Well and here I thought that I was going to read some practical advice. I must say your rule is not that dime to follow. It implies a high knowledge of the market rules and the cryptocurrency market in general. I would call the Golden rule of th crypto investor this one instead: never invest more than you can afford to lose. This one is basic
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There is a lot of speculation about Facebook, bitcoin and cryptocurrency in general. Some say that Facebook only wants to protect its user base from the miriad of scams and shady icons you can see online. Some say that Facebook is secretly working on its own blockchain and cryptocurrency, or simply on their own payment system. Not necessarily blockchain based but you can understand how they want to fight cryptos anyway if this is the case
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A lot of ico tokens and coins drop in value after ico. This is probably due to the fact that right now we are in a strong red bearish market. And it is also due to the fact that 90% of ico are not solid projects, they have not solid team behind them and they lack vision. A lot of tokens are really useless, and have no working product, so it is only natural that the value will drop once they hit the market
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Well, just let me start by saying that this is not a financial advice. I would start investing from today, since this is a bear market, it is likely that the prices you see today will be lower than the prices you will see i the future, in the event of a bull market. Altcoins are likely to increase more Tha n bitcoin itself, due to their lower market cap. But this is only true for those real and solid projects
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There a re tons of people that do not hodl, and that is fine too. Yes I ama holder. And a long term on, meaning that I plan to hodl for the next 5 years or forever if cryptos become usuable and spenda me I everyday life. But there are day traders that buy and sell cryptos every day or week. I think that is just a strategy and it is not a wrong one
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