It's hard to invest in a new coin with the so many scam reports about new coins, they are promising a lot giving a new concept and making huge promotion about their coin, so you'll just invest in their coin
How Sure Are You That You Invested In A Right New Coin?
Are you also not going to buy libra made by Facebook? although there are some teams that came out of making Libra. Purchasing new coins that are profitable and attract the attention of users, I don't mind to buy even though new coins. |
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Attracting investors is indeed difficult, especially if the effects and scam issues have spread. Rarely do we find investors who are loyal to one place of investment, others are there when looking at profits. Here in my opinion investors have not seen a decent profit anymore, because the trend is down and more projects make fewer opportunities for success. In my view, crypto investors are very smart, especially those who are old users who understand well about investing in the digital world.
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1. Check the overall contents of the project such as a team, road map, white paper, etc.
2. Check various features offered by the project such as privacy coins or decentralized coins.
3. Check how valuable the coins are or compare with other more popular coins. if the coins have potential, of course have a multi-professional team & the volume of coins always increases.
4. To be honest, the best coins to invest are the top coins or have been listed in the top 10 at CMC.
5. I suggest you invest in established coins rather than looking for very young and newly planted coins to invest.
I say this because I personally don't have a high risk appetite, so it's better to invest safely ..
how about you guys?
Cryptocurrency investment has a very high risk, both old coins and new coins. some of my acquaintances lost 50% of their investment in bitcoin because of the loss value. what you describe is a good point, it's just that the risk is still too big if you only see these five points. In my opinion there are still a few more points like being in the flow of market trends, don't go against the flow. Manage the investment size according to the trend with diversification. |
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Good news developments, I think this will hype for a while. You really need an official site, you can also get a pretty good profit from advertising. You must also maintain the credibility of your information, so far the information you have provided is useful to me.
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Anyone has seen the market today, how much is altcoin dominance? I'm not sure that ETH will do that. Almost all altcoins that are at the top of the digital currency and have a large community, use BTC pair of their digital currency. There is still a lot of bitcoin dominance in the market, ETH will lose demand in market if they delete ETH/BTC. |
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My reason at the moment is buying bitcoin because I believe in halving in the near future. I think for bitcoin ATMs, figures, libra and volatility can indeed change the market, but I don't think it's that big. bitcoin ATMs only make fees even bigger, I used to use bitcoin ATMs so I already feel that the greater fees compared to us use exchangers. the value of bitcoin that is freaking can be an investment reason and a reason not to invest, you know, the risks and benefits are also great.
Your article is very good but, you also have to pay attention to adjust the image, the image that you paste is too big for the reader.
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I think users already know Gainers and Losers, CoinMarketCap is a famous site for cryptocurrency information. A lot of information is given by coinmarketcap to traders, so as old and new traders, they should already know what features are owned by coinmarketcap. upto date of cryptocurrency information is very important if you really want to trade.
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If you want a trade just go in binance, you can get information about a trusted exchanger site on coinmarketcap, you can also see the value of cryptocurrency. You can educate yourself in this forum, just don't easily believe in information that you haven't examined and don't easily believe in unfounded predictions.
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What is the safest way to exchange my bitcoin to paypal ?
Many sites that support the exchange, if you want to find sure you will find it and many are safe. Coinbase, ChangeX and Localbitcoins, I suggest using the site because I have already used it, just choose which one you like because all three have different fees or at least not much different. |
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Hi Everyone! I hope you're all having a great week. I just published an article on dollar-cost averaging which I think would be a great read for many of the traders here. It provides a simple way to consistently add additional funds into your portfolio. I would love if you could take a look and let me know what you think! https://blog.shrimpy.io/blog/dollar-cost-averaging-for-cryptocurrency-portfoliosGood article, you also understand about the DCA concept, which is use margin trading. I often use these methods to reduce risk and avoid losses, by dividing our investment into several places. After that we see the market situation, if there are weaknesses in the conditions of prayer one place we can outsmart it to another with a margin. In my opinion this is a bit difficult because we have to really know about the market and who dominates and who is weak in the market. |
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China is all set to launch its own crypto currency for more than 1 billion of its population how will it effect the crypto market ?
China makes digital currency for use in that country, I think also we cannot use the digital currency that they make other than in China. From the start they banned bitcoin from protecting their citizens, now they are developing their own digital currency technology for their citizens, for sure there will be regulations later. Bearing in mind that the Chinese state can be said not to tolerate fraudulent acts which are detrimental to the state, so the regulations will be severe. It will be very difficult to think of the impact if the concept is in fact difficult to imagine, we do not know the purpose of China to create a digital currency for what, maybe there will be some small impact, after that just wait for the actions of the Chinese state. |
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Who says the dollar is weakening? Hard leadership trumps and selfish and strict regulations, let alone the country's economic strength. What I see there is a dollar that is not weakening, even though the two countries that are waging an economic war may can fall in the value of the local currency of another country. If you expect a weak usd it is one sign of the global economic collapse.
History of why the USD became the leader of the currency exchange rate, because the US has always had the largest gold reserves of almost 3: 4 worldwide. if you look at the market at this time the dominance should be in the euro, even so the value of the USD will remain the exchange rate and as a global currency.
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It's no secret that many governments and central banks worldwide have paid close attention to the development of Blockchain technology. The same promises to provide lower costs and greater efficiency than traditional systems. Bitcoin's success proves that Blockchain is extremely ideal for finance. Once governments start rolling in their own digital currencies, people could see a reduction in payment processor fees like never before. Not to mention, transactions will become blazing fast within a matter of seconds instead of days. Which is why, it makes me wonder if the adoption of Blockchain technology for our current monetary system will trigger a massive boost in our economy? After all, Blockchain provides many benefits that are too hard to ignore for central banks and governments worldwide. Everything will be much cheaper and efficient than it used to be with the traditional monetary system of physical Fiat. What are your thoughts?  Do you know how traditional banks work today, the bank also takes advantage of transaction costs. I had thought that the effectiveness and efficiency of blockchain technology would be more beneficial for users. then why is blockchain technology still not adopted by banks. If the digital currency to be made by the government conceptualizes itself as a stable coin, fluctuations are no longer a problem. At that time, my opinion was that the bank wanted to continue to benefit from the current transaction fees that apply to traditional transactions. Same as miners who want to get paid a higher transaction fee/gass. |
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Yep, banks are managed by the government, cryptocurrency will not replace banks, instead banks can develop blockchain technology and create their own digital currency. As we know that cryptocurrency is volatile, then because of its volatility the experts assume it will not be suitable to make it an alternative currency. I agree if the bank uses blockchain technology instead of having to fight the technology, using the concept of stable coin. For regulations that should be with the regulation of the level of fraud will further fall because guaranteed by the government.
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I personally think the comparison of Gold with Bitcoin doesn't makes any sense but I couldn't stop myself from sharing this chart comparison between both. Some would say that gold's chart is twitched and time frames are taken in such a way to look like that of Bitcoin but that actually is a normal chart and taken from recent history. Moreover, I am not saying that Bitcoin ETF could provoke a similar pump but similarity on chart does show that this isn't quite the end of BTC and neither are we becoming stagnant here.  picture credits: @bitcoin_holders If more than 70% of cryptocurrency users treat bitcoin as a high-value asset, by holding it, then I think the bitcoin chart will be the same as gold. It depends on the user, but with a high difference between technology assets and traditional assets, it will most likely not be the same. BTW I seem to have seen the chart in late 2018, what year was the chart? |
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 This chart is showing you the top 200 coins performance against bitcoin. It's clearly who is outperforming here. Bitcoin is the king of crypto. Alts got rekt specially when bitcoin made a move like Jagger on the 1st April. But that wasn't april's fools day! Or was it? source https://twitter.com/woonomic/status/1161320822344179720Your chart is hard to read, too many lines, what I see here is that in April bitcoin made a jump and became a springboard for some alts (jagger april fools as you say). maybe growing alts have a big tendency to change in bitcoin, but now the dominance of bitcoin is much higher in the market, so this month's movement makes 200 top coins in the same movement (if measured in satoshi value). |
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All of us - the people present on this forum all know Bitcoin and all coin famous. But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors: 1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology 2. Smart phones - Must be integrated with technology to make it convenient for people to use 3. Simplification of cryptocurrency developers. How can people easily use like paper money. And what do you think about my opinion?  I completely agree with the initial concept like this, if the user here says blockchain to your neighbor then some of your neighbors will be confused. whereas if you say bitcoin to your neighbors, surely they will know. many people around the world still do not understand the blockchain technology that underlies the existence of a digital currency. so the first thing to do if there is a community that wants to make digital currency a legitimate alternative to transactions in the global scheme, then an understanding of blockchain technology must be spread. |
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my mind always asks, if one day bitcoin gets legal regulation, and is recognized all over the world. will fiat currencies continue to work? which country will be saved by the economy? and which countries are negatively affected? Or not effect in country. because in my opinion. when the legality of bitcoin is recognized throughout the world. There will be no currency difference. all values are the same. or will become commodity items such as gold etc. Give me your opinion
I don't think the government will legalize bitcoin as their main currency, FIAT is still valid because it is the starting point for economic progress in the country. If as you said that legalizing bitcoin makes currencies the same value, then what about the economic differences in all countries? in the economic factors of the country that cannot keep up with the economic progress of other countries, would not it be the disadvantaged side. I thought about adopting digital technology. From the opinion of my friends who work in government, they are more interested in blockchain technology because they can make digital currencies with a stable coin concept like USDT with their local currency as investment assets. There are still many weaknesses in blockchain technology to oversee anyone who is included in the ledger. Because of anonymity and freedom of transactions, the government is hesitant to adopt this. |
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I've recently meditated on this thought. We all want businesses to adopt bitcoin as a payment method and people to pay with it, but I think most people are rather avoiding to spend their BTC as they see it more as a store of value that will bring wealth to them over the next years. So they are more likely to keep their BTCs and spend the fiat currency, thus the use of BTC in day-to-day transactions won't probably go up until people actually get their wages in Bitcoin denomination. But in order for companies to enable that so it will be convenient for both the employee and the employer we need to have the infrastructure in place, including regulations and major stores in the cities accepting BTC.
What's your thoughts on this? Do people prefer to spend their BTC or do anything( maybe even taking a loan) to protect them?
I think we already know about the development of bitcoin, with such large fluctuations, user desires have begun to change. see the value of bitcoin in the history of 2009-2019. users prefer to treat bitcoin as a money-producing asset, we forget about the transaction and financial problems that should be the goal of bitcoin, about as an alternative payment at a store or large business, I don't know, basically the needs change according to the value of the asset. |
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To get more information and advice, I often miss some important information about the crypto market, so I often ask in several groups that I follow to get important information that might change my portfolio, but here I often process suggestions and do not include just any suggestions which is unclear.
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