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I like more to buy from the market rather than form ICOs, but if we will look from the economical side it is always better to buy on icos, the only thing that you need to analyze a lot about the project, before making decision to support project, because there are a lot of scams.
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I was wondering what's minimum / ideal amount of BTC or ETH I should have in order to start trading activity
If you have any idea or just want to share your first experience in crypto trading, feel free to write them bolow
Its really doesnt matter which amount of money you need to jump in. Sometimes it is better to start with small amounts and after some time just throw a little bit more. After sometime everything will go smooth.  |
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Binance have inroduced it self very well since it was released, with KuCOin there were some problems recently with payouts and some other small things. Binance has a great amount of coins, which is being traded on the market, plus as for me it has a good UI.
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Where to trade depends on where the token us listed. However,trading required more experience and time before you can really again. Whatever, you want depends on the token and team when it is listed.
Agree with you the first thing you look at where the tokens are listed, after you take the best one from the list, by analyzing, looking on some reviews and the concept of the website. Mostly i prefer Kraken for daily tradings others for holding. |
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The best way to get rid of emotion is to have a plan and you should just stick to it, you know how much you need and wat you need to do to achieve this. If you would try to do so, you will see a great result. Without planning it is difficult to trade, because you would be emotionaly unstable, because you just know how much you need and what you need.
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why the state does not always make money, because if a country is printing too much money, the value of that currency will go down so it will cause more problems, that's why they prefer to owe rather than make money
You have it right. This is the inflation of the currency. When they print more money then they can, it will increase the supply and the demand will grows will still by providing a lot of supply. So it will have a negative effect, thats why they dont print more  |
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Anyone that works at the bank can see all your account information. Monthly fees, atm fees, overdraft fees. Banks suck!
You know... Being regular customer in my area I am really satisfied with the services the bank are providing for me, so I am not having a problem with trusting my money to those guys, I understand how banks are operating with the money. I also dont see any problems with banks, I store my money there and also I use their services for my personal needs. They use maybe not the best ways to provide money, but without them we would be using metal coins. |
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Everything is a gamble, you can win a lot or lose a lot. It is important ofcourse to manage risks, but it is very difficult to do so. You need to analyze a lot, see the potential behind projects, concept or idea. Still everything depends on you if you can handle it or not |
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In my country economy in the past was not so good, mostly economy was really depended on tourist and we had no production, only milk factories and some agriculture things. At the moment it had improved a lot, a lot of new projects appeared also in crypto world, a lot of investments came in from different places. So at the momentprices are high slarys are low xD
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I have found that in recent time btc phone scam has been increased a lot. Scams call people and pursue people to pay taxes and bills by btc or any altercoins. Even some asks to invest in fake coin also. Mainly the scam group target people over phone.
Has it been happened with anyone??
Never heard about such thing before, none of my friends had such problem. Maybe you have just provided the phone number on some scam website and they just thrown all their base to some thieves? |
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Bitcoin is not a bubble ofcourse it is depends on how much money people are throwing in it or how high is the market price. But it is always pumps and dumps, thats a good sign, because it shows its stability.
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Spreading a word about bitcoin is a good thing, but also it has its own circumstances. When more people are getting involved, more people with big money also follow, thats why when btc became opular we have seen a huge pump and huge dump. It is not always a good thing, that everyone around you know what is crypto.
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Words are really good a specially for the forex markets or crypto markets, but it is really difficult to follow. When everyone is getting greedy you also try to be greedy, because you see a green line. It is just psychology, we always want more and forget about the chances that we get |
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Can I lose my coins by choosing wrong wallet or they can never stole any coin because they just provide wallet service only?
The rule for any coin is that if anybody else gets access to your private key(s) can steal your money. The private key is the "thing" that makes the blockchain recognize the rightful owner of the money and will allow the user to spend. Like almost everything in IT, the private key can be copied and both you and the "hacker" will have the key. The first one that spend the money "wins". Now, a wallet normally has access to the private keys to allow you to spend. If the ones that have built the wallet had bad intentions, the private keys will be sent over the internet to them. That's why I recommend only wallets with source code people can review, wallets already proven to be legit. Edit: TL;DR; Yes, you can. Easily. Yes, there is a chance that you can lose your coins, if the developer of the wallet will release private key it over the internet. Mostly they do not do this, because all of such wallets have some commissions and people pay some small taxes for transaction, holdings and etc. It is just not so smart to drop all private keys, if you can have a stable income from this. |
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I keep mostly all of my crypto on trading platforms, of course you can separate and keep something on myetherwallet or on the wallet which is on your computer. Keeping your coins on trading platforms is good so you can sell them faster |
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Ofcourse if you store your money on some useless exchangeres or a new ones with poor security system, you will get hacked in no time. But if you take a look on a big ones, that exists for a long long time, they were never hacked and people still hold their coins or money there.
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I had invested one ICO previously, it failed although I didn't contribute a huge amount on it. A news yesterday made analysis on blockchain ICO projects, mentioning 92% of these ICO projects are failed.. Should I stop investing the others or any really potential ICO suggest?
There are tons of website that have some ico raitings where you can find the best ones and the most safiest ones. Other thing it is always better to invest in hyped projects or in projects that have already gained some money. It is always a good thing to secure what you buy. |
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Its because people accepts bitcoin in many country wherein some people are not aware in altcoin or any other crytocurrency. The price of bitcoin is so high because this is the first cryptocurrency and it became popular to other country thats why many investor or trader choose bitcoin as their coin.
Some countries accept altcoins also, so it is difficult to say that the price of bitcoin depends on such suggestion. The price is high because circulation supply is not so big, as for example ETH has 101m and btc only ~17m, ETH has gained its popularity and price much more faster than BTC =) |
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Bitcoin would be used more and more as commodity rather than currency, it costs really a lot. Maybe some altcoins will be used as a payment method and they will be depended from the price of bitcoin. Otherwise bitcoin is really difficult to use as a payment method.
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