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Perhaps someone has mentioned this, but most 2fa services include google, working with qr code. All you have to do is make screenshots of these codes and store them somewhere, i save on flasdsik and other hard drives.
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I agree that the most important part of the existence of bitcoin is the people using it primarily and obviously. Bitcoin would literally have no value if no one uses it, there will be no concept of demand/supply of it basically. So bitcoin seems to be backed up by develepor who has paid expert people.
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From the beginning I invested bitcoin I get a profit up to 10 times. This is a very profitable thing and can change my life. Bitcoin is really a miracle of that moment.
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I think if some influential people can not find the factors that make bitcoin down then bitcoin will continue to decline to the lowest price or the previous price. An important action is required to prevent its bitcoin down to the lowest position.
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Most people who think positively that bitcoin will continue to increase until the end of this year. Bitcoin is actually difficult to predict but most people are predicting bitcoin from the way their beliefs about repetitive cycles occur over time. Hopefully the prediction is true and will be able to raise the price and bitcoin value again.
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I think there is a point where when reading whitepapers a project we can get an information about the project whether it will be successful or not. So try to read the whitepapers of a project if you are really interested in the project.
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I do not know why I'm not sure bitcoin will come back at the end of this year, maybe it's time for ETH or Altcoin to beat bitcoin by the end of this year. Bitcoin is like slowly losing its power and its enthusiasts, maybe the bitcoin enthusiasts will move on to another coin or ETH.
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Better late than nothing, that's very true if you apply into the world of crypto. Because cryptocurrency still has a very long time to the future. So you are not late when you want to enter the world of crypto today.
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I do not think the bank will dare to do it. They must be afraid of all the risks in bitcoin, especially bitcoin is very difficult to predict, bitcoin can change quickly with the price without prior notice.
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I've seen many users complaining about being scammed by ICO projects most of them are new investors which probably gonna be the next generation of investors in cryptocurrency industry. I've been here in the cryptocurrency industry for a year and I've invested into different projects and seen how they disappear in the thin air, so to avoid this I want to share to you my criteria on choosing the right ICO or project to invest in. This is not guaranteed but maybe in some point it may help you atleast to reduce the possibility on getting scammed by ICO's, the list below are my personal criteria how I choose Project to invest with using bitcoin or other cryptocurrency: - Check the Background of the team (If the team didn't give info about each member of the team such as name previous projects, background, etc. There's a possibility that they will just run away with your money if they didn't give info's about their team.)
- Read their whitepaper and look if it's really worth to invest with, their concept, etc. (This is important to know what the project is all about.)
- Check the Social media accounts, If you find it very interesting presentable. (Join their telegram group in order to be updated.)
- Check the Projects professionalism (How they handle users, control frauds, etc.)
- Follow their Roadmap and other technical details and see if they meet it on time.
- Look for the projects community and see if the community is active.
- Look for special proof and validation.
- Do your own research about the project such as review about the projects or you can also check the projects ANN thread to see comments who's agree/disagree or the communities idea about the project because ANN threads is like an open forum where you can ask, give insights, etc.
This topic related articles may help you feel free to check:https://www.entrepreneur.com/article/306563http://strategiccoin.com/3-ways-to-identify-an-ico-scam/https://cryptona.co/valuable-tips-to-avoid-a-ico-scam/https://blockgeeks.com/how-not-to-be-scammed-by-a-initial-coin-offering/https://medium.com/@99cryptoman/how-to-avoid-scammers-when-investing-in-ico-489cfadcb0f6https://www.cryptocompare.com/coins/guides/how-to-avoid-scam-icos/Edit:I've added this article links about different scams and how did they work so you have idea what are the different scams strategies so you can easily spot and avoid them: https://steemit.com/cryptocurrency/@veeev/scamsintheworldofcryptocurrency-rzd5dwo060https://techcrunch.com/2017/12/07/6-red-flags-of-an-ico-scam/https://blockonomi.com/exit-scam/https://coinsutra.com/cryptocurrency-scams/https://www.makeuseof.com/tag/common-cryptocurrency-scams/https://themerkle.com/top-3-types-of-bitcoin-scams/https://www.finder.com/ph/bitcoin-scams NOTE: Investment is one of the riskiest way to earn money. Invest only what you can afford to lose, in investment there's only two possible outcome it's either you will earn or you will learn. Learn from your mistakes. Just like what I've said this steps are my personal steps on choosing ICO/Projects in where I'm going to invest in. This may not help you but I hope you'll learn at least a little in my little sharing. Have great day every one, ciao. PS. If you have something to share in order to avoid scam or any topic related feel free to share so everyone will learn from us. Thanks for the information you provide, this is really helpful to many people who read it. I think what you wrote above can all be applied to avoid a scam. It is now too much Scam in cryptocurrency, because they can easily benefit through the scam. |
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I think NEO is still good to be an investment. I see the NEO development quite well and good in the market. But if you compare between NEO and ADA to be an investment maybe I prefer NEO.
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I think ETH has better stability than Bitcoin. When bitcoin is sufficiently descended, ETH is down only a few percent of the bitcoin. This may make ETH look better and stronger than bitcoin. I think in the future bitcoin will be defeated ETH.
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When bitcoin confronts such negative news stories, the stability of bitcoin prices will actually be disrupted until it suffers a considerable decrease. Bitcoin is currently very sensitive to everything that happens in this world, therefore bitcoin is still not really very stable, because bitcoin will go down quickly unexpectedly and increase again for a long time.
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I will do the same with you, if I see the condition of bitcoin at this time I certainly will not sell it at cheap price. Because otherwise it is harmful, it is also a stupid thing to sell bitcoin in its declining condition. Better be patient first, because definitely bitcoin will increase again.
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I think targeting some of our income to be a savings is a good thing. Because the savings are very important usefulness in the future. But I do not think you use your savings to be invested, because investments have risks.
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It seems that the ICO rating is not so influential with the success of ICO in the future. But when we look at ICO that has good ratings, it can affect our choice to make an investment. Perhaps a well-ranked ICO can ensure that its chances of success are greater and better than ICOs that have bad or low ratings.
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To make deposits in bitcoin looks quite interesting for the people of the world to meet him with open arms. Nevertheless, some experts expressed doubts about the operation of mechanisms for collecting interest. Indeed, bitcoin is different from paper money, therefore, another mechanism needs to be done.
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Probably because too many new coins are popping up and some of them unsuccessful in their ICO can make the coin coins become worthless or just rubbish in the crypto world. Coins that are not successful in ICO will usually be difficult to increase the value and price because usually they will be left off the investors.
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Do not be too hasty to conclude that bitcoin is in phase will disappear or death. It seems that what happens to bitcoin right now is a natural thing, where bitcoin has declined in value and is priced far enough. Bitcoin has experienced this many times where bitcoin decreases in value from, but it does not take long for bitcoin to recover and re-increase its price
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I once invested Lympo and it is my best investment to date. The advantage that I get is about 5 - 8 times the initial capital I spend. Actually when I want to invest when ICO, I just see the information and background of the project.
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