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My involvement in cryptocurrency is as a result of the decentralization that comes with it and also the anonymity. Banks nowadays aren't safe again, at least where I come from. Crypto came at a time when it was needed the most.
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The increase in number of altcoins can be attributed to fake projects been launched on a daily basis. It's quite sad that anyone can wake up and decide to launch a token, pump it get people to invest and dump it. It's part of the decentralization that comes with cryptocurrency. Ensure you do an in-depth analysis so you don't fall in their trap.
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The crypto space is very unpredictable, even at that I would apparently invest all $200 in BNB. It has lots of untapped potential. I've watched it rise from the bottom and am glad at it present price. I'm projecting it to rise further in a short time.
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Bitcoin will always be king, mad that fact will remain undisputed. Left to me, if I was to invest in cryptocurrency. Bitcoin will come first in my portfolio followed by altcoins like ETH and BNB. When it comes to investment you should ensure you are not making any mistake, you don't want to loose your hard earned money in a pathetic way.
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In life, every decision you make, comes with some risk. It is left out for you to figure out your alternative plan just in case things goes south. First rule of investment remains, do not invest more than you are willing to loose. There is a 50.50 chance it may and may not work out. Ensure you do a deep background research about the project and don't invest more than what you are willing to loose.
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This drive me nuts any time this happens, but you gotta move on. I still had similar experience about three weeks ago. I was holding on to a coin for some while, after tolerating the dip for a while, I couldn't take any more and sold off. Lol, three days later , it went on a bull spree, I was dumbfounded. It s just normal, in life yu gotta win and lose some.
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This thought have been going on in my head for a while now. The binance BNB has so much potential and quite promising. Yeah, I mean it is expected to see it soar higher in Price in next few years. Buying some to hold longtime won't be a bad idea .
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I'm never gonna advise anyone to invest heavily in altcoins. Apart form the fact that they are quiute unstable, most of them turn out to be scam, which is very sad. Everyday of the Year, some one , somewhere is lying about solving a problem that doesn't exist by launching a project to rob people off their money. Yeah, I know they're good altcoins out there, but differentiating the bad from the good is quite hard.
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First off, if a project doesn't sit right with you. Do not invest your money in to it. Some deep background about the team could expose any hidden skeleton. It hurts really bad when you loss your hard earned money to scammers. Check social presence and make sure it's not mere hype.
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Since the inception of Doge, till date, I think it performance is above average. The only problem I have with it, is the Elon musk influence, which might affect it stability. Holding it long term isn't a bad idea after all.
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Talking about long term investment, I will say Bitcoin above all other coins. It's quite stable when compared to other coins. Alt coins like BNB are also good token for long term investment amongst many others. However, Bitcoin will always come first.
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Proof of joined post
Bitcointalk username:daporivera
Campaign in which you participate: Signature
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Against all odds, it was unexpected by majority to see bitcoin price dip down admist the coronavirus break out. so far, the most brought up reason for the crash in price has been associated with human need to switch to stable liquid assest. The coronavirus outbreak coupled up with the panic buying as a result of no knowledge of how long the outbreak will last for and also the need to survive while isolation is still at its peak caused majority of
people to sell off their btc, the dump was really high. Majority of people invested in btc for the long term benefeits of it, but in a situation where the essential need of humans such as housing, foods, hand sanitizer and of course toilet papers, Investing no longer become a priority.
As of writing, you can’t buy toilet paper or food with Bitcoin(this might change in the future). Only with cash.
At the moment, we can all smile again gradually, as the prices are beginning to rise again.
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I totally agree with you. The 99 percentage scam level attributed to many ICO is so untrue. It’s therefore advised that enough patience is exercise while a project is at inception rather than making false conclusions
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First off, get a new wallet, because that hackers ca control your wallet already. its quite unfortunate the asset cant be recovered again. you have to let go and hopefully learn a lesson of how careful you should be when online. My wallet too got hacked last year, the scammer made away with all the asset, i was depressed at first, took some time off crypto.
after some while, i came back and determined i will be extra careful and wont allow such occurrence repeat it self again.
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you cant be sure of an investment being right or wrong. Investment can go either ways good or bad. That is why it is important you do an extensive research to be sure that the upside over weigh the downside before investing. All investment cant always be right.
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just surprised bitcoin is not listed amongst the coin you plan on investing. selling your house to invest in crypto is a crazy decision, but not including the strongest cryptocurrency in your investment list is quite weird. you are responsible for your decision, i hope you make the right one.
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According to report, the umber one reason people get scammed is due to greed. they want a item that cost say $500 for $150, this scammers therefore take advantage of your greediness in scamming you. Stop being Greedy, and there is a high probability you wont get scammed
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