We've witnessed this before, those fork doesn't compare or doesn't even beat the original coin that they have just copied. It will just always the "copy cat" and investors always choose the origin. Like bitcoin, they made different forks, different altcoins just to compensate those weakness of it but until now, the value is increasing.
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Well, the value of bitcoin that time (2011) were lesser value compare today. Faucets were popular way back then and many were really having a good income just by claiming faucets. Those who have many time claiming and clicking those faucets before really earning a good money. Now, there are still few faucets that are paying. But I dont think it is worth your time as there are many earning sites other than faucets.
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I remember those times where I do some scalping, then switch to margin trading then I realized its not my thing so Ive sticked with long term trading. Now, I have minimal time to focus on charts, indicatoes and signals so it suited me to just become a long term trader.
However, those were the days that gives me so many knowledge because I continue to learn some tools that helps me grow as scalper.
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In terms of security, since Bitcoin is being managed and used online, the scam is often times occured. The anonymity added the reason why it was used by some criminals. It's decentralization content also abused that it may be use in unusual way.
However, there is also an advantage of using bitcoin, the convenience of using it by transacting online and most of us here used it as store of value. Gold is also a good investment but in terms of alternative payment use, it can not be use as that.
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Indeed a good insight bout investing. If we wouldnt do this now, emercency situations will just left you some regrets. Also, I kind of agree that investing is saving up money for future. I do not think lending money for investment is good especially in crypto investments, where volatiliy will not guarantee you pay that money.
Take note that a successful investor will take any risk and noy by avoiding it.
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When using technical analysis, you will choose your preferred indicators. Like MA, Bollinger Bond, etc. You can definitely see the right time to buy or to sell a particular coin base on your technical analysis. And together with fundamental analysis, your trade will surely have a good outcome.
Though Im just curious the way you posted NEAR token as a shill. Anyway, its not easy to integrate those analysis in your trade but probably be a good help to have a basis.
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Ive been searching and watching some videos about this my defi pet. Already did some few steps on how to connect account to metamask, etc. And is it only BNB coin to purchase their tokens? And yeah, the hype is still active right now that is why the value continue to rise. Anyhow, im still on my first step to join the game.
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Honestly, when Ive introduced bitcoin to my friends, the first impression was its a scam networking thing. They dont even believe that I am acquiring profits by investing into this and warn me to stay away from bitcoin. Not until they saw some proofs like items, properties that Ive bought because of bitcoin's profit investment, they suddenly bevame interested and ask me anything about how it works.
Now, we are all traders and investors , sharing all our knowledge and giving out informations, spreading it with others to share how great this technology is.
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They cant see the bitcoin's worth yet. All they believe is that, bitcoin is a threat towards government and can not be a help in economy. On the other side, bitcoin can still see as a good reason to contribute to the economic rise. As some point, it can also be a help to boost those contries that are at developing stage.
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It's a promotional like buy one take one. Though what Ive seen before was buying their token and then acquiring another token but those tokens were not that familiar and they are just doing it to encourage investors buy such new coins that has ubsure potentials.
Though BNB is a great catch but how much will we received BNB in exchange with their buying their coins? Weigh all the values and price , if you think you will hit two birds with one stone then buying a coin with free BNB is a good catch.
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Ive started to invest bitcoin way back 2018. Ive known this forum because my brother introduced blockchain technology and he wanted me to learn more about cryptocurrency. So, I have strated reading here in forum until I knew there are lot of opportunity here.
Then Ive tried all the possible way to improve myself, rank up, applying in bounty signature, do some usual trading to swing and doing some margin/leverage trading. There are times I have failures in trading not until I decided to make a long term hold with bitcoin and with some other altcoins. Now, I am so grateful with this forum, because I may be able to see cryptocurrency's opportunity to become what I am today.
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If the time comes that it will become a legal currency then how about the fiat currency of each country? Will it be replaced then?
Or they may say bitcoin will become an "alternative and legal currency", and it will be the other choice for payment system aside from fiat. Government still doesnt want decentralized system and that makes it more complicated because as we all know, government wanted centralized system that can be controlled by them.
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Its just because Bitcoin has some lacking characteristics that saw producers to create another coin probably new altcoin that can alter or can be chosen alternative to bitcoin. What problem I can see is that they make so much altcoins that are being left behind and doesnt even bought by investors because they have similar used of previous existing coins.
And thats the disadvantage of having mass production of altcoins, their value isnt worth enough and the competitions between those altcoins were tight.
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When I was a newbie I only prefer bitcoin, it has a good reputation and well established in crypto market. But it is always good to put many eggs in the basket so from this time, I diversified my investment. Before that, you have to choose potential altcoins that has already proved their used in this industry like ethereum does.
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Im pretty sure Binance is thinking about considering FCA for the sake of customer's complaints. They have a lot of UK users that are loyal with Binance and if this banks wouldnt allow any transactions to Binance then the percentage of users will be decreased as well as their reputation.
If Coinbase complied already, Binance will think of doing it too.
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I dont panic now. I've admit that there is a tiny regret feeling when it reached new ATH at 60k and I wasnt be able to at least convert it into USDT. But Ive seen the worst dip before and this bearish moment is just a normal scene in bitcoin market that we just need wait until it recovers.
So, how do we cope up with bitcoin price flactuations? We shall have managemeny plan, target profit and lose and shall have control over emotions.
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I am a newbie who has just entered the currency circle, and I am very interested in the crypto market. I want to try to buy some coins, but now I lack the analysis and judgment of the crypto market. Which cryptocurrency is more valuable and has appreciation potential?
You'll have to decide it for yourself. We have some experienced to tell like coins that we have chosen for long term investment but this will just give you confusions because we have a lot to tell. Just a piece of advice, choose wisely. DYOR and consider those coins that have a good trading volume and on the top List in CMC. Any potential goin is worth to hold because cryptocurrency may flactuate any time that will give you some profits in time.
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Investors always look into altcoins that has a good petformance in the market, on top list and have a good feedbacks. Usually, those on the top lists were the ones that has been chosen by investors because they proved their useful significance and improve well as time goes by. It means, those altcoins are well established and old.
Unlike those new altcoins that wasnt sure of it's potential gains. Most of them were abandoned, although there are still few who are good altcoins to invest and has a good objective and product.
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If crypton is privacy coin, will this compare with Monero? Or what advantage it has over other privacy coin for us to choose this coin to use?
Saw Crypto's chart and petformance from the last four months and from that ATH it went down 60%, also it has a low volume and low market cap. If they will make some improvements and make a noise in crypto industry. Or maybe a hype, then investors will think to buy this coin.
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We can already do some speculation future btc trading with some trading platforms. Although Im not im not into future trading but I saw it on Binance and you can easily trade on bitcoin and other coin there.
And I knew someone who made a lot of profits because he's an experienced future trader. A full time one that knows how to make a good entry price with his useful tools.
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