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Bitcoin has changed a lot of things. It's too bad that my view on Bitcoin has changed as well. However, I am still hoping for improvements on Bitcoin's system.
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Totally.. You can definitely minimize risk by buying a few hundred bucks into Ripple just so you won't miss the potential bull run in the future.
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The Top 5 Alt coins in terms of market cap are obviously most stable. Although I would still carefully pick and choose only the one with the best upside.
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Since BTC and most alt coins are inversely proportional, I too am willing to bet that it is time for the bull run for some alts.
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I would say the perfect coin should remain true to its fast confirmation features, low fees, security, "mineable" by even the non-technical community.
Truly. The best decentralized coin would be that it allows everyone to mine regardless of device specifications. |
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If you plan to hold for 12-24 months, then you might as well enter now. Otherwise, wait for confirmations if trading.
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My friend says Bitcon has now been debunked.
I SAY HE IS WRONG !!
A] Price action has been about speculation. (Buy it, because it only goes up)
B] It is a currency that will replace other currencies.
A is now negated since it has dropped almost 40% from its high.
So, mania "free money, going to infinity" credibility is now tarnished.
For the first time, there is real risk. (Anyone buying last week just lost 40% this week)
So, the flood of new money will now be checked. You'll think twice before tapping a HELOC for Bitcon.
This is stupid reasons!!
B is negated since Bitcon is literally unusable as a currency:
10 hours settlement time and $50 transaction fee.
No one is using Bitcon to buy anything, especially the early adopters.
So, it is not a currency.
This is stupid reasons!!
Well, I guess that you're right about the confirmation time. I too am not a fan of it and looking to other alts that have better performance. |
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Let's just say that it is the riskiest trading style out of all all 3. The shorter the time frame, the riskier it is.
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I'm actually beginning to like Ethereum more than Bitcoin. Although it won't probably bit the latter.
I think it's because Eth has not gone through what BTC is currently going through right now. Although I am quite disappointed in Bitcoin a payment channel now, I think all coins that become popular will have to go through some issues or opportunities to improve. |
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If you've properly done your research and can really trust Bitcoin within the time frame that you've set, then by all means invest in Bitcoin.
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I never regret my trading decisions since they were set based on a system that I need to follow in order to overcome greed and fear.
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IF you keep on dwelling in the past and can't get over your loss, then you will miss out all other opportunities that would have made up for it in the future.
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There's honestly no way of telling whether all countries are corrupt or clean. govts have to keep the country alive and funds moving for sustenance. Some people who probably have access to such funds will be driven by greed depending on their character.
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I'd prefer swing trading. Swing traders only trade with the direction of the trend and lasts from a few days to a few months depending on the strength of the uptrend or downtrend.
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I like Ripple too, but currently ETH takes the #1 spotlight for me since it's really a no brainer second choice after Bitcoin.
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Ethereum is the only best candidate that comes to mind. It's stable, has a great team behind it, and very much reliable.
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Quitting being a trader is alright as long as you're invested in some coins long term. You don't necessarily need to be active in order to earn for the future.
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If you've got some more extra cash, you can try buying more Bitcoin Cash. it probably won't go as high as Bitcoin, but still has potential.
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Bitcoin will let you learn a lot while keeping your money relatively safe. I would suggest going with Bitcoin first. The rest will follow.
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hardware wallets are safe, but are too damn expensive for me. I currently use online wallets on my phone as well.
I don't really mind how expensive hardware wallets are, as long as the value of the coins stored in them are substantially higher. Else, not worth it. |
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