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In my opinion, Ethereum has a limitless potential. It is the first coin after bitcoin and if something happens to bitcoin, ethereum will be the most deserving altcoin to take its position.
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I think it is not that easy to identify if an ICO is legit if don't do your careful research. You need to display all the information you can, do your study and only then decide.
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My personal favourite is Monero, because it is secure and untraceable cryptocurrency. For me it is an open-source and accessible to all. With Monero it feels like you are your own bank.
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Bitcoin and Ethereum are the strongest coins on the market. And Ethereum has all the chances to overtake Bitcoin. It has blockchain technology, that is showing the excellent potential of Ethereum.
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Litecoin is a great coin, especially for long-term investment. Many other coins that are above Litecoin's rank are expensive including their transactions fees. So this makes Litecoin very popular.
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I believe that there is a king and a queen in cryptocurrency market. They are Bitcoin and Ethereum. They show a lot of potential and they continue to grow. They are well-established coins already and provide the bigger profit that other coins.
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Well, patience here is the key to success. Moreover, you need to understand that bounty hunting is a job, not a hobby and it requires time and energy.
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I think that the most effective thing to protect your altcoins is to get a hardwallet. It has extra layer or protection, so hackers won't be able to steal your private keys.
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Cryptocurrency is very volatile and no secure at all, that's why it is very risky. You can experience losses of your invested capital. It's difficult to make any predictions and it's quite exhilarating process.
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Unfortunately,only a few governments approve cryptocurrency. Many of governments reject the presence of the cryptocurrency. They are creating laws and policies to ban it. But I am sure that one day the governments will give legal status to cryptocurrency.
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I think it is better to start from reading and learning about blockchain technology. You need to understand how it works and what it requires. And then you can choose a platform for trading.
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Buying Ethereum is a good idea in general, but not with all your money. The price of Ehereum is rising but nevertheless, it is still not very stable. So, I wouldn't take that risk.
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I know that sometimes there is a temptation to put it all in. But unfortunately such a strategy rarely brings positive result. Diversification can help you to reduce risks and to strengthen the value of your assets.
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I think that the main reason we invest in altcoin is for its potential big profit. If you are able to choose the right coin that succeeds in the market multiples its value, then it is a great investment. Good research and knowledge about how the market market works will be very helpful.
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I am confident that future of crypto will only improve. Cryptocurrency has already proved that it is working brilliantly as a long-term investment, allowing patient people to gain very good profit.
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I try not to panic, but sometimes I feel scared. I understand that market always run in circles, but sometimes it is difficult for me to stay calm. But I'm working on myself and I'm constantly learning to be better at what I'm doing.
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