A good option for money laundering and the sale of illegal gold, sooner or later it should have surfaced. By the way, this is a good argument in favor of the value of Bitcoin, because it can not be faked, filled with something and presented instead of the original, as was done with gold, filling it with tungsten.
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During world crises, you need to buy real estate, land, gold. Only in this way will you be able to save your money and earn in the future when the recovery of the world economy begins. By the way, gold has already begun to grow, and this is a signal that the crisis may happen very soon. I am more interested in how the global crisis will affect Bitcoin, because I plan to keep my money in it.
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I think it’s too early to talk about fraud, because at the moment SIM cards, calls and Internet are working fine, we can still use communication services, paying for it with TELE tokens in our accounts. Yes, it is obvious that they had some kind of problems within the company that they are not talking about. But the SEO company did not disappear and periodically writes in groups, promises updates in the near future. I think you need to wait for the news before making hasty conclusions about the project.
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The price of some altcoins will surely return to their previous marks and may exceed them, but you need to understand that there are altcoins that have fallen and will never rise. The Altcoin season has not yet begun, so do not worry about the drop in the price of coins that you purchased earlier, you just need to wait for the altcoins to capitalize. Which altcoin is better to buy now? This is hard to say given the unpredictability of the market. Buying and choosing coins is now more like a game of chance.
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If the real dominance of Bitcoin is now 90%, then altcoin spring has not yet arrived and there is no point in waiting for altcoins price growth. I do not expect altcoins to grow in the near future, because I think that for a start, Bitcoin should rise higher, after which its price growth will stop and capital will begin to move into some new but promising or old altcoins. But this is only my assumption based on my experience and not everything should be as I think.
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Given that you bought TRTL for $0.00008, now your investment has almost halved, because the price of TRTL is now $0.00005. I don’t know why you chose this particular coin for investment, because I saw a lot of coins with similar characteristics. They are no different from other coins and do not have any unusual features that are not found in other projects. What exactly attracted you to this coin?
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There was a lot of talk that the price of Ethereum would rise and reach several thousand dollars for one coin. But the price fell even below $100, which was a psychological blow for those who bought it for more than $500. I also wait for it to begin to grow, but I understand that without updates and the transition to PoS, we should not hope for its growth. Moreover, it is worth recalling that the price of Ethereum, like most other coins, depends on the price of Bitcoin.
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Such free distributions of cryptocurrency is only a marketing move to attract new traders and expand the existing customer base. Now there are many exchanges and all of them are too young, they did not manage to earn a reputation, therefore they create marketing campaigns with the aim of drawing attention to their exchanger.
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In general, you are right, the price of Bitcoin is constantly growing while many altcoins have fallen in price. Therefore, it was often said here on the forum that you need to keep most of your crypto portfolio in Bitcoin and invest the rest in top altcoins. Perhaps we can get profit from investing in altcoins only in 2020 or the beginning of 2021 based on the latest events in the crypto world.
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It’s true, I try to get rid of all the shitcoin that I have in order to acquire as many valuable altcoins as possible, which have the prospect of growth and development in the future. If we get rid of shitcoin, then earlier they will disappear from the market and the altcoin season will begin. It is better to support useful projects and invest in them, so we ourselves will help them grow.
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Perhaps the trade war between the USA and China will not have a strong impact on the price of cryptocurrencies in the short term. But in the long run, you can see that many countries develop their cryptocurrencies. For example, the trade war pushed the Chinese government to create stablecoin, this will help China bypass US sanctions and bans. Therefore, in the long term, a trade war should give rise to cryptocurrencies.
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Many new coins are constantly appearing that support different mining algorithms and they allow you to mine them using the GPU. Even when Ethereum switches to PoS, there will remain many coins that can be mining and making a profit. I think for several years GPU mining will be a relevant and profitable business.
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This is a completely predictable event, because cryptocurrencies have come into our lives and provide a number of advantages that can improve financial security, improve the economy and make the banking sector more efficient. Therefore, all large corporations and the banking sector are exploring the possibility of integrating blockchain technology and cryptocurrencies. In the future, we will see a much greater interest in crypto and its integration into various spheres of life.
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$1000 is a small amount, so in order not to waste time choosing the right coin for investing, you can buy Bitcoin and Ethereum for example in a ratio of 50/50. You can simply hold these coins and wait for growth. I think around 2020 you can expect an increase in the prices of these two coins and make a profit.
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You managed to achieve a good result, I heard about such cases, but you could not be lucky and you would lose all the money invested. Margin trading is a convenient tool, but it is risky at the same time and there are many examples of people losing money. Therefore, if you use these tools, you need to allocate a small part of your budget.
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I think that trading is more profitable than pure savings or investing, because it can bring higher profits. If you have sufficient knowledge in trading, then you can constantly increase the number of BTC in your accounts. But if you participate in IEO, then it can also be profitable, especially if it is carried out on large exchanges.
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The only Bitcoin fork that I accept is LTC, because it has become an independent project with its own history and large community. Moreover, it is well suited for trading due to large trading volumes and wide distribution and listing on all major exchanges. Litecoin is growing and developing, but I think that it can never replace Bitcoin and become stronger than Bitcoin.
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The answer to this question is obvious. If you have knowledge, it doesn’t matter how, when and with what you trade, because you can still make a profit. For those who do not have knowledge, it is better not to trade in a bear market. If you want to trade, it is better to try to wait for the bull trend and start, in this case you will have less chance of losing your money, because it is easier to trade on a bull trend than on a bear trend.
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The lower the bonus for early investors, the better for the project and the future price of the coin. Many projects crashed precisely because they handed out high bonuses to early investors, team, advisors and marketing. All these actions lead to the fact that the price of the coin drops dramatically and for example, an investor who gets acquainted with the project sees on the chart how the price of the coin has changed and evaluates the project as unreliable for investment. Therefore, the teams of all projects need to consider these nuances before allocating the budget.
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When the market grows, you can profit by trading on the exchange, even with minimal trading knowledge. But if the market is the same as it is now, it is not surprising that many people lose money when trading on exchanges. Without sufficient knowledge and experience in trading, losses will be commonplace and trading will turn into a game of chance that has nothing to do with trading.
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