I think no valuation guarantee.Since there is no central authority governing Bitcoins, no one can guarantee its minimum valuation. If a large group of merchants decide to “dump” Bitcoins and leave the system, its valuation will decrease greatly which will immensely hurt users who have a large amount of wealth invested in Bitcoins. The decentralized nature of bitcoin is both a curse and blessing.
You really made the point yes even I am thinking same . The money invested in bitcoin is always in pressure each bad news about crypto currency will making to think some more . I am really afraid about my countries regulation what next not sure. |
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Seriously one of the best question or opinion I seen in bitcointalk thread even I thought about this now atleast I am planning to teach my family about cryptocurrency or handover my small crypto earning to my family.
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It depends on the region you stay you can cash out using local exchanges send bitcoin to lots cal exchange convert to fiat and send it to bank account. Another nice way you can convert into PayPal account it is good way of keeping profit for reinvest.
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For short term South Korean move cause some problem but it’s really healthy for long term move .If country start accepts tax on crypto exchanges then it will be regularised. So next couple of day I will prepare in mind not to sell grab as much as I can.
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I don’t say any coin in crypto are worse because I got some free shit token even I that coin sold it for more than 1 ether . Yes there is some e airdrop coins . It was worth more now it’s worth nothing.
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I learnt my lessons. I do not buy the whole lot. For certain coin I have certain budget. I buy in 4 to 5 steps keeping very safe distance from each.
Say I have 0.1 BTC to buy a coin which market is now 90Sat
So I buy Spend 0.01 when the price is 90Sat
0.02 when price is 80Sat
0.03 when price is 70Sat
0.03 When price is 60Sat
0.02 When price is 50Sat
and
0.01 when price is 40Sat
So from my first buy if the price keeps going down I do not get worried. I am ok until price goes 40Sat even if it goes below 40 sat I am ok.
Once the price start to climb up then I sell my coins.
It is really a good strategy even I am trying same investing all in one go it’s really great risk we never know how much bottom it can go . So investing step by step for each dip would be good choice to make average buy cost satisfactory. |
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It was happened to lots of early investors eb n I afraid to invest on bitcoin while price was around 500$ even I was doing some faucet to claim free bitcoin after once I converted my all earnings to fiat currecy . I started believing and invested more time on research by till date I have made good profit through bitcoin. Long way go bitcoin I will be supporting bitcoin till the end of my life it’s not at all scam .
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I've been converting it to DOGE to send it between exchanges. 120000sats to withdraw from cryptopia or 3DOGE (180sats).
Good strategy but converting bitcoin to doge might have some charges even I think it’s worth. I was converting ethereum from exchanges while sending to other exchanges. But for me no option while sending to local exchanges only option pay high bitcoin transaction fees. |
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If your looking for really small value coin which is under one cent then I would say dcn and doge coin.of your looking for below 10 cents then electroneum, dimcoin ,snovio . This coins will rise value for next pump for sure.
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I would have invested in them, but after the recent hack issues I decided not to.
Even me too I thought to invest on them as it’s already established exchange but recent hack or dns compromised it made me panic then after I never tried etherdelta. Once it comes to exchange if price drops then I will see to buy. |
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I keep my XVG hold, because I'm sure despite the news about the outgoing Dev XVG, the XVG price drops only temporarily (because XVG coin holders are scared, so they sell it cheaply), but that only lasts a few weeks, after that the price will return to normal
Yes I do agree svg price drop only temporary now most of the coins going downwards trend once xvg Dev issue resolved and market starts to upward trends surely holding xvg is worth. |
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You can check dcn , dimcoin , electroneum, snovio , bitclave these coins are still cheap . Even you can make research on this coins before investing I think this coins may create fortune by holding otherwise atleast it will give 2x profit by investing now.
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buy now before it's too late
Yes I am still optimistic about ethereum its having lots of project successful projects running in ethereum platform even lots of ICO’S are collecting fund through ethereum . Even Casper pos implementation going to happen once it happens ethereum price will increase. |
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Initially I dint have idea about altcoin raise I was selling for 2c or 3x profit safer I seen some coins reached upto 1000x after selling now . Frankly I can’t even make any strategy some times I sold for good price some time I waited and the coin became disaster .
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It’s is always risky to keep alt coins in exchanges we never know when this exchanges will be compromised .Like recently etherdelta compromised so take the profit out of exchanges as soon as possible.
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It’s a scam brother don’t invest on this because statement only says it’s gambling so better you do some research and invest on good potential altcoins in exchanges . Don’t take short cuts it’s too dangerous.
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The study growth could not make any impact in bitcoin growth both negative and positive sudden growth made negative impact based on my speculation if bitcoin didnot got the rapid growth government’s could be least bother about this.
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No I don’t think bitcoin price will fall more than the current market because January is the month for lots of investors taking back their profit .it depend about the investment they have done lots has to show value profit or lots has to return back onvesting as financial year coming to end.
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I am also feeling same its time to buy i am converting maximum my holding to good potential coins and also investing on Some good projects .Lets see next pump or after market correction how much profit will get this time not much atleast 2x i am expecting .
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Based on recent trend and growth i will recommend ethereum over bitcoin because bitcoin now became the food for greedy whales . Ethereum platform having lots of successful project and also lots of ICO's are running on this platform.
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