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I'd rather choose bitcoin over XRP, because bitcoin is more stable compared to XRP. I kind of don't really buy with what XRP has to offer, or probably because of what happened last year when it skyrocketed and when it reached its peak it dropped down and has been having a hard time recovering plus the negative comments I've read when that happened as well.
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Is this campaign open still for new participants?
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This is quite an interesting topic and I never thought about it until I read this thread. And yes I think it could be taxable once you convert it into cash and place it in your bank, that’s why banks asks where the money came from so they would know if it was from work or whatever to have it taxed.
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I don’t think that’s the basis for the market to drop its value however it is also possible that when it reaches that amount it will increase back to where its last high price was.
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Yes there is still future in digital currency it’s just that the market is not moving that much and if ever it is it’s slowly moving up and drops down back again after a few days so it does not have much time to regain back its last price.
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If you are going to invest in cryptocurrencies and you are putting a huge amount for investment then I think you should divide your money and invest in a lot of coins, or at least a couple of coins for diversification.
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The most easiest and most accessible resource you can gather information for trading is through either this forum or you can just actually google the things you want to learn. I was being resourceful myself before and did my own research and that’s what brought me to this forum too and pretty much learn everything on this forum and the rest are through my experiences.
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For those of you who don’t know or who are not familiar with Myetherwallet, yes it is safe but be very careful because there is a lot of phishing sites out there and one of which is the same as MEW exchange site. Always check or if not, bookmark the website to be safe and sure.
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That may be one of the reasons why the market is down too, less advertisements because of the banning of ICO related ads throughout the Social Media. I’m not sure how they are able to promote their ICO’s anymore and for sure it will have a very big impact to the market too.
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Hold on to your bitcoins because tou still aren’t really on loss not unless you sell all your holdings. The only way you can recover or at least have lesser losses is when you hold on to your coins and don’t do anything with it yet. Wait for the right timing and sell them when the time is right.
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Yes and sometimes that’s called arbitrage trading too when you buy a certain coin at a very low price and sell them on another exchange because it has a higher rate than the other exchanges. I also trade with different exchange sites but I don’t do arbitrage trading, however I hold different coins on different exchange sites instead.
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I think it is our responsibility to really pay our taxes even if we are just earning theough cryptocurrencies. That’s how our economy in our country improves too. And it will be beneficial to us once we retire, so people must be informed properly on what is the reason why we have to pay our taxes.
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Yes ICO's does not require that much time to monitor your promotions and you get to pick your time on when you check them but it does have some requirements too. Day trading on the other hand works great for those who really have time to spend on monitoring coins, especially if you want to go for short term trading. I tried that once and it just didn't work for me as days go by because I don't get enough sleep, and without sleep you really can't think straight.
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I think almost all of the top coins are best to invest now since you have mentioned about diversifying. Better check in coinmarketcap.com the top 20 coins and choose from then on which coins you would want to invest, at least those coins are sure to make profits once the market becomes stable or does increase back again but you just need patience and wait for the coming months to see its progress.
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Yes that's correct, if you have money to invest in a certain cryptocoin then the best way to do that is to diversify or divide the amount you'll invest on that coin so there will be less losses. Although at first it may seem like a struggle to follow on the coins graph and wait until when it will drop again but it will be worth it, I've done this so many times too and have lesser losses also.
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You can actually do both at the same time, it is just a matter of managing your time. So if you have time to check on bitcoin then you also have time for your studies, and it would be best to finish your college too because just as what you said; bitcoin won't last forever. So if that time comes, at least you can apply for a real job and earn still without bitcoin.
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I don't have that much favorite coin and I don't think it even reaches 5 of them but I am currently hooked up with Ripple, NEO, XEM, Ethereum and Bitcoin. Don't really have much details on what's the reason why these coins but some are obviously because these coins really have the potential to be great in the future and would love to purchase something online in the future using these coins.
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I think there will be more altcoins in the future because people are going to realize and think that by creating new digital coins people wpuld be more draw to cryptocurrencies and maybe most of the shops online would have created digital coins too. Who knows, the world is full of possibilities and I think there are a lot of great possibilities in the crypto world.
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I don’t think facebook will fail just because they banning crypto-related advertisements, and the owner won’t be poor yet just because he is not allowing it on his social media application. Who knows, maybe he will be creating a cryptocurrency as well for future transactions for facebook.
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