|
In fact, most of those who have already spent two or more years involved in this capricious market are well aware of this situation, so wasting our valuable bitcoin on new altcoins has ceased to be a valid option, unless we allow ourselves to make risky decisions to seek high profitability, even knowing that the chances of suffering losses are high.
And even more in these times when it has become clear that the majority of new altcoins are destined to fail, it is important to commit to the word "HODL" today more than ever.
|
|
|
|
If BTC dies all crypto market dies..I dont think that another coin can replace it, i mean, i dont speak abot technology and so, of course there is already existing projects which technology is more progressive. BTC is main currency, digital gold, there are no alternatives with such big credit of trust.
Well, maybe this would happen if a real hecatomb occurred in the crypto market and the bitcoin disappeared or died suddenly, which I find difficult to happen. What seems to me most likely is that bitcoin dies of "natural death", that is to say, with the passage of time, more advanced financial technologies emerge that gradually displace bitcoin and make it fall into oblivion or obsolescence, and when it occurs in a gradual way maybe the market has matured enough to learn to live without the presence of bitcoin. |
|
|
|
As an investor, i cannot participate in IEO conducted by small and new exchanges. The main reason why IEOs are preferred to ICOs is because they are more prone to scam than ICOs, and this is because the exchange validates its legality with their reputation. Imagine Binance or any top exchange conducting a scam project, it will jeopardize their integrity, and these exchanges do not want their integrity in question, so they only offer legit and promising projects IEO. New exchanges do not have the reputation to validate a project, they are just after the profit, SO they might promote a scam project either intentionally or unintentionally.
But even Binance has been forced to delist coins whose developers dropped the project or ceased to be interesting for investors, which means that even the support of a highly prestigious exchange is not an infallible guarantee that this or that project will have great success in the long term, that is why it does not matter who endorses or sponsors an IEO, we should always be aware that the possibilities of suffering losses are inherent to this type of investment, so even when investing in Binance only we must invest the capital that we can afford to lose. |
|
|
|
|
A centralized currency can not mean real competition for bitcoin, since taking into account that it will be available to Facebook users, it is a fact that privacy will never be a factor in our favor. In addition, Facebook is facing many challenges in terms of its decline in popularity and its tendency to technological monopoly.
Maybe some speculators will be able to invest in that coin looking for some economic benefit, but those same investors will always have bitcoin as a safe haven and as a preferred cryptocurrency.
|
|
|
|
You saw this potential coin last week. The price was rising, you made up your mind to buy later so you created a thread here with the subject "is it a good time to buy?". 3 days ago, you checked up on the coin again and it has increased by 20%, you were still doubting if its the right time to buy. Today the coin has increased by 50% of the initial price you saw and you are getting more confused. My friend take this from me, in crypto, it always now or never. Happy trading to you all!
Everyone should be responsible for the decisions they make, and I believe that caution should always prevail in a market as volatile and unpredictable as this one. Many of us have faced similar situations in which we decided not to buy a coin that days later pumped in an impressive way, but most of us have also faced the opposite situation in which excessive enthusiasm led us to invest in coins that only brought us losses. And that is why investing in this market is not for everyone, but only for those willing to take big risks. For the timorous there are institutional investment funds with an "impressive" 6% annual return.  |
|
|
|
|
Obviously, investing long term in a stable cryptocurrency seems meaningless, because usually these cryptos are useful only as a safe haven before a bear market. And having our capital invested in a currency that will not grow after five years is nothing more than wasting time, unless our prospects are very pessimistic and we believe that within five years the market will have collapsed completely.
In fact, the main attraction of this market is its high volatility, so that anyone who decides to invest in cryptos should always take into account the volatility of a currency as an indispensable factor to invest in it, so a stable currency does not seem the best option for an investor in this market.
|
|
|
|
Hello, I'd like to invest in some cryptocurrencies. It seems BCH ETH XRP XMR are the top coins. I have about 3000 eur, in what percentages should I differentiate my investment?  Thanks for your suggestions! I like your portfolio, because although many alleged experts tend to view Ripple with great disdain, regardless of their opinions, XRP has proven to be a very profitable investment over the years, and the fact of staying for so long in the top-3 talks about its strength as medium-term investment. Perhaps the only crypto that you would add in your portfolio would be bitcoin, because despite the bad times observed in recent months, it has shown great resilience in the face of adversity and its strength as a safe haven in times of crisis, which possibly places it as one of the favorite investments in cryptospace. |
|
|
|
|
Well, things tend to be like that in the bitcoin market, and for those of us who already have some time watching the market should not surprise us an eventual correction of 40% or more, but this does not mean that selling right now is the most advisable thing to do because the current moment looks tremendously bullish and the chances of a strong increase in the weeks to come are as certain as the possibility of observing eventual corrections continuously.
This is how markets work.
|
|
|
|
I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.
The problem is that many of these failures are due to the fact that such ICOs are unable to comply with the plans established in their roadmaps, despite having the necessary financing and a team of developers supposedly aware of the problems they address. And in that case, when a company is unable to fulfill the promises they used to convince investors, I think it is valid to talk about a real scam. |
|
|
|
|
Show Posts
