I think first of all because you can make good money on cryptocurrency.But now the market is not the best time. Just cryptocurrency allows you to earn while remaining anonymous, which allows you not to pay taxes.And many see the future in cryptocurrency .
I agree with you that the above advantages attract people to crypto, but you need to understand that these same advantages of games against us, because of anonymity and lack of regulation, we have so many scammers and scam projects. |
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As far as I know, you can buy real estate for cryptocurrency in Thailand. I saw a Russian guy (he has his blog on YouTube), unfortunately I don’t remember his name, he bought apartments on the islands.
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But if you remember when so many people are getting a lot of hyped icos and some of them have become millionaires instantly. I remember correctly when there was an ico just like zilliqa can give more than 40x return just in a month after ico and that's a really huge amount.
Yes, it was the chance that falls in life only a couple of times. Sach all who did not have time waiting for the crypto market to give them a second chance, but I doubt that it is even possible, the train left. |
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My story begins in 2014, when my friend told me more details about Bitcoin and cryptocurrencies. I agreed to invest part of the money with him. To be honest, I did not believe that something would come out of this idea, I was just curious.
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I love ICOs, but the risks to which my assets are exposed in the case of investing are too high, I prefer more stable types of investments, where the chance of being deceived is much lower.
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Whether a cryptocurrency will remain and whether it can fully penetrate into everyday life depends primarily on whether it can be made convenient for use in everyday life, if not, another, more suitable technology will take the place of the blockchain.
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I am very surprised that the ethereum gave up the second place, but I am sure that this is temporary and quite a bit of everything can change. There is an assumption that the coin is pulled to the bottom by a lot of unfulfilled projects, as well as projects that were conducted by fraudsters. But everything should change with time, when only those altcoins that are really needed and used will remain on the market.
True? This happened a few months ago, it seems you missed this moment. As for me, in order to return the etririum, you only need to increase in price by 20% -30%, which is quite realizable even in the case of a speculative price pump. |
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I recommend using encryptors, they can protect your private keys well, the main thing is not to keep them on devices with open access to the Internet.
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Bounty hunters hate this procedure because many projects introduce it unexpectedly at the very end in order to complicate the process of obtaining tokens for bounty hunters, besides, no one likes such surprises, such things need to be warned immediately.
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In cryptocurrency, I am attracted to the fact that only I myself am responsible for my assets and only I have access to them. The regulation will introduce an intermediary between me and my assets, and this already shifts the responsibility from me to external factors, which can lead to losses.
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The crypto currency market is very young, it provides many opportunities for earning money in a short time, it is the thirst for easy money that attracts the attention of fraudsters of all kinds to the market, which results in a lot of projects being fraudulent.
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If the project team conducted the ICO with good intentions but the fundraising failed, then they are obliged to return all funds to investors, in this case the bounty hunters do not receive any payments. However, much more often the project team is hiding with investor funds, which undermines confidence in the crypto market.
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For Q1 2019 in my opinion there will be no change in market conditions because it's too fast after experiencing a lot of price declines, maybe we will see prices improve in Q4 2019
Nice scenario! I also think that by the end of the year the market will start going up slowly and steadily, but we shouldn't wait for any sharp movements. By the end of 2020, I suppose. I think with such a scenario, we are still very lucky, I personally doubt that the market can recover so quickly, there is simply no reason for this, at least for now. I think that the next year and a half the crypto market will be in its current state. |
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Practice shows that in a bear market it is best to sell the received coins on time.
Unfortunately, most of the coins of new projects will fall in price several times before the next bullish run, and probably will never recover.
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The circulating FUD really affected the mentality of investors, especially those who were new because they were still not familiar with the market so they easily panicked if there was bad news or the market went down deep enough.
so we as Bitcoin holders should know Bitcoin more and market movements so that we don't panic easily.
However, this makes sense, think how much money was lost in scam projects (3 billion dollars), it is better to let investors fear investing until the market recovers and the amount of scam decreases. |
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I think the only thing that needs to be done this year is to prepare for a bull season. Because everything's getting worse. Unfortunately, the damage is increasing as it moves. That's why protecting our hands should be a priority.
The idea is sound, but how exactly should we prepare for this season? It is likely that a huge number of bounty projects will not live to see the next bullish run, and we should carefully choose bounty. Investors should watch the market every day in order to be in time to purchase. |
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I think in the current market conditions, crypto is an extremely positive environment for those who already have enough money and who want to increase them. For beginners with a limited amount of funds, making money in the current market will not be easy.
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Right now the dominance of the market price and the altcoins are showing a big decline. and in my opinion this is indeed the right moment to be able to make a purchase. this is a big advantage if we want to invest in cryptocurrency
It is extremely doubtful. I see no reason why the market should turn around in the near future, most likely we are waiting for another fall, according to analysts' forecasts based on technical analysis. |
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As you could see, just before the fork, the price collapsed due to the found vulnerability and the postpone fork date. The part of people who wanted to make money on the fork bought coins just before this moment, and they did not have time to sell them before the collapse. Thus, they suffered a loss due to unforeseen circumstances.
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I think that the most important thing in investments is diversification, especially in crypto. Why don't you invest in all three coins, you chose them based on your criteria, it would be much safer than investing in one coin.
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