Im a believer in the blockchain technology and no matter the value of bitcoin, it will still be more valuable in the future as our society accept the idea of online currency. Right now bitcoin has drop from &19k to just $11k, I believe that this is just a price correction considering the huge price jump that happened last December. I think this is a right time to buy since theprice is cheaper and we may expect huge Bitcoin usage this February due to the increase spending as a result of the upcoming chinese new year, pushing the price upward.
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They are some points to check before you invest in a initial coin offering. As example you can check the background of the people who handle the ICO that your planning to enter. Including to the background are the number of successful project that they handle. Beside from that they must also have a catchy and understandable white paper for the investors easily understand what the ICO are planning to introduce. And lasty you must know the marketing style of the ICO , how they encourage customers or client to invest or to sell. Those are the thing that you mist consider in choosing the right ICO for you.
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If you want to make some save investments, take the top 10 altcoins. These coins are really god and in the market for a long time, and wouldnt dissaper any time soon. In the recent market crash, almost all of the altcoins are now undervalued. It shows that when the market is normalized, all of them will make a good profit. Yet, for a long term hold, i beleive you should focus on consistent altcoins which are in the market and tested for a long time. So, you will reduce the risk.
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If you get some knowledge about cryptocurrencies, you would know that bitcoin and ethereum are no competitors, they are two different kind if cryptocurrencies. Bitcoin is a currency who is just made to pay. It has a very high value and it will be always the most valuable cryptocurrency. Ethereum is a smart contract blockchain plattform, which you can use as a computer to develop projects on a blockchain who is available everyhwere. So if your smart, you invest in both of them.
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Its clear that someday the people will stop using cash money and will pay everything on electronic devices. The question is just when? When you look today, there are a lot of people who pay everyday with credit card and other electronic payment method. And it comes everyday more. So the cash fiat money will someday dissappear. But if it will be replaced by cryptocurrencies, that is the big question!
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Actually the question is if there will be anytime a altcoin who could be better then bitcoin? So if you look at the technically site, i would say yes they are already a lot of altcoins who are much better on the technically site. But when you look at the value and the projects himself, i think no. The core developer are very smart and before they even change something they do a lot of test before it will be updatet.
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I think the most people here just like one thing about cryptocurrencies and thats their value. THe most people here never ever get connected with the technology. I thing also the most never installed a wallet or staked coins. All they do is buying them on exchanges and trade. Just a small amount of the people her eis really in to cryptocurrencies!
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I think there is a very high chance to promote scam initial coin offerings when you are participaiting on boutny campaigns here. There are a lot of scam icos who are perfectly organized. So they also write a good whitepaper. But you cant eliminte this risk. So do your researches and when you think it could be a scam, let it be and look for another campaign.
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Actually We are already transitioning to the digital age I firmly believe that bitcoin and the crypto currency is the future of monetary world. What will happen if bitcoin is managed well? the value will be much more stable and imagine that a country has a well managed crypto currency, with all the merchants transitioning to crypto and bitcoin as payments it mean more investment possibilities for that country who embraces the future. It can immediately cope up with the change and be ahead of the game.
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Im pretty sure that we will not see bitcoin on fiftyhousand at the end of the year. This year was a pure bear market, and it does not look like that it will end any time soon. So dont expect a bullrun like last year. These times are over. I believe in cryptocurrencies and in bitcoin, but there will not suge a hype on it again. Which means for me that there will just be a very slow grow in the coming years.
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At the moment i think bitcoin is far away from beiing digital gold. Bu i think in the future its quite possible that bitcoin become the new digital gold. So if these happen, you have to imagine how much worth bitcoin will have. It must be over one million dollar. So for these, i can just recommend to everyone to hold your bitcoins!
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I can just give you the advice that everyone should take some profit from short-term trade or long-term trading. the strategy I can do if doing short-term trading is by targeting some of the advantages, most importantly it can develop the coins we trade even if the results are few. it is different with long-term trading as much as possible to be keen to choose the type of potential coin and can be used for trading in a long time to get greater profits from the coins we trade and able to determine when to resell when prices soared
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At the moment i don't think ETH is ready, It is not easy to grow when you fall badly how you can see on other coins. We have seen bitcoin price in 6K to 7K USD several times in this year but ETH is in under 260 USD? Just unbelievable! So, I think ETH price will not grow soon, it will take a long time to back in 400 to 500 USD! If the bitcoin price overcome 10K USD, then ETH have a chance to grow to 500 USD! Otherwise, my answer is No here.
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In facts Ethereum is the fastest growing blockchain technology. Ethereum smart contrasts system introduced in 2015. Now it's second largest crypto currency and number one altcoin. Ethereum block chain technology transaction is better than Bitcoin block chain technology. Ethereum transactions fees low compare with Bitcoin. Ethereum has great potential coin it's running to very bright future.
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Dont be to foolish. Nobody can know if bitcoin will be this strong ever. Last year was crazy, and the dump scared a lot of investors. So dont expect that we will see a all time high any time soon. Because the investors in cryptocurrencies are just to weak and are ery sensitive about fud news. I really hope bitcoin be one day come back much stronger, but as long as the bear market is going on, i will loose my hope....
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I do not split my coins in many wallets. Im a full grown reponsible man, and i can look for my data. Even for my private keys. So i really cant believe how somebody can loose their access to their high valued cryptocurrency wallets. Im my eyes, if you loose them, its your own fault because you can take any responsibility for your own life. Im sure people who happen stuff like these have also no control over their life.
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Actually you can make a save invest with your five hundred dolalrs when you put it in some of the top ten cryptocurrencies. So with these you dont have to worry to loose everything. But im sure your like everyone else here who want to make the big money. So then you have to invest in some other altcoin who has actually not much value. But then you have to be clear that you will have a much higher risk to loose everything.
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There are many people who are against altcoins. They even say that ethereum is an altcoin. But there is one reason why people do start to invest in altcoins. Because altcoins has more potential to grow. If theres an altcoin who cost 1 cent at the ico the chance to get higher like 100x to one dollar is even bigger that bitcoin will got a 100x from 6000 to six hundred thousand dollars. But i also have to say there are a lot of altcoins out there who is not worth their value.
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I think every bounty hunter knows these kind of feeling. Working for weeks and then receiving just a small amount or somethingwho is worthless. But i think thats the risk for every bounty hunter. I made also the experience of the opposite. Earned some coins and tokens worth thousands of dollar just for some weeks of posting. So i think thats the risk you have to take as bounty hunter. Its not like a regular job where you have a save loan.
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My motivation to hodl is easy. When i start with cryptocurrencies, the bull market started last year. So i could make very fast profit of some thousand of dollars. But i refused. It sounds maybe weird, but for me, i cant do anything with these money. SO i mean i let it be untill i make big profit or loose everything. Cause if i make profit of thousand or five thousand dollars does not matter. Because even if i go out with ten thousand dollar, i also had to continue working. So i want to make the big win or nothing.
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