I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
I would say it is heading in the right direction, one problem is that the number of holders isn't diverse enough. Only a small percentage holds the majority of bitcoins which makes it difficult to use as a global currency. As the market rises and falls it will hopefully get swallowed up by different people and attract more people into bitcoin trading |
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Good to see more countries embracing the blockchain, it is definitely the future so the earlier they get on board the bigger their advantage will be. Perhaps they will trade with Russia using crypto as relations between them have soured in recent years and blockchain is more transparent.
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Bitcoin itself was not considered to be a scam, but used as a method to scam other people. Due to the complexities involves newbies are betting scammed via Ponzi schemes and fake investments. True that sentiment has changed though, it is all about the price now and when it will hit $60k!
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China will not ban crypto in any way, they will simply regulate it. NEO is following the rules with ID verification as they know the importance of getting on the good side of the Chinese government. When they give seal of approval NEO with rocket faster than you can trade
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Sonm is one of those coins that does very little for a long time, but when the product is ready it will shoot up to the moon. The question is timing on when it is possible to accumulate. Now is a good time while the market is down and release is just a few months away.
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Guys should i sell my hole cardano bag (3300 ada) and buy some spectrecoin ?
Because spectrecoin holders get 1:1 wisp airdropped
What is youre opinion. ?
I think it is a good idea but you should retain some ada just in case it pumps while you wait for the fork. XSPEC will undoubtedly rise as soon as the fork date is announced so getting in early is a good move. You will double your coin holdings for nothing, whereas ada is unlikely to double in the near future. |
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A real gem is CVCOIN which is only available on openledger but is about to launch on hitbtc (wallet in test mode on their exchange). CVCOIN is like a decentralised whatsapp, the first to hit the market so you can imagine how big it is going to be. Still less than $1 and only 15m supply, this is a bargain price!
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It proves that one day China is going to be a huge mass adopter of bitcoin. All the fud at the end of last year was simply about lowering the price so they can accumulate more while their bitcoin infrastructure is put in place. Good move from Huawei, we can expect more big things from them in future.
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EOS is way too overvalued at the moment, it doesn't even have a working product so expect at correction at some point. NEO on the other hand is already running great projects like THEKEY so this year it will pump like ethereum did last year. All NEO this year, not sure about EOS
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Depends on the project, as you may have seen verge got really pumped when they were going to announce a partnership. Then it was announced as pornohub so it was dumped a lot by investors. If it was better news like a partnership with Microsoft, then keep it for long term hold. It varies so DYOR
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Verge has a high market cap with no further room for growth. It is used as a pump and dump coin so long term hodling will not get you any further gains. I better option is to invest in low market cap privacy coins like deeponion or XSPEC which are both potential 100x coins
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How many cryptos should Ihave in my portfolio? Are there one recommended diversification ( like having 3 or 4 coins) ?
3 or 4 is a small number, but it depends on how many funds you have available to invest. The good thing about diversification is that altcoins are notoriously hard to predict when it comes to prices, so keeping a wide range from stable coins (NEO, LISK) to riskier high potential coins (WAGERR, XSPEC) will maximise the chance for gains |
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I bet some countries are already charging taxes when people convert their bitcoins into FIAT, so i don't think they should be charging tax when people use cryptos to make purchases online.Maybe that's why they are calling for more regulations in the crypto community.
Unless you live in a country which does not charge you taxes, in theory every single country around the world should be charging you taxes when you convert your bitcoin to fiat, the only reason why they would do not this is if you got losses instead of profits, but if you get profits then you're probably subject to capital gain taxes and if you want to be out of trouble you need to pay them. Dubai doesn't charge tax so it would ok over there. Other governments that don't have billion in oil revenue are certainly getting annoyed and very worried at just how they will collect tax via bitcoin transactions. Also, if they get too involved then people will switch to privacy coins like deeponion or xspec. |
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Some coin communities are more generous than others. DeepOnion for example give some of their development funds to charity and good causes, it's a good worthy project to invest in. I'm sure many charities do accept bitcoin and the ones that don't soon will.
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It's a good coin for newbies, I bought doge when I first entered crypto and thought it was good to trade with. It's cheap, fun, and traded on lots of exchanges. In some places it is used as one of the main trading pairs so not a bad coin at all.
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I don't think it will help much because the majority of bitcoin is held by a very small percentage, similar to how billionaires hold most of the global wealth (personal wealth). If altcoins can move out of the influence that bitcoin has over them, then yes it can improve distribution by allowing other coins to independently appreciate in value.
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Banks don't just keep your money safe, they are an easy way to pay your bills e.g. via direct debit and online transfers. It is wise to keep enough money there for that purpose with the remaining money invested into crypto - that is your ticket to riches!
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What we lack is simplicity compared to regular cash and card payments. With credit cards offering touch payments it is quick and easy compared with bitcoin and other crypto. Also, the fluctuations make it hard to price goods in crypto currency, and you don't know if you're going to overspend or under due to daily prince swings.
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Lots of people fell for the fud which is why the market crashed those last few months! Clever investers took advantage and bought lots of bitcoin when it hit rock bottom and are making more as the price creeps back up. Good for experienced traders, sad for newbies that entered late.
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We should give credit to the idea of wanting to distribute wealth but it needs to be testing on a pilot city first. If people receive free money then we would have a generation of lazy kids who won't bother to get a job and just live off the free distribution.
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