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If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?
I choose to invest in crypto currency, i know it's risky but you have full control over your money, in crypto you can gamble or invest your money. There are many restrictions and rules when investing in banks, crypto is much better than it.
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Seeing btc going down for quite some time now, I thought people will be withdrawing their investment to shares and others business. But it amaze that btc is gaining more popularity and people are still rushing btc. What is the secret behind btc?
What is happening now happened before when bitcoin was not yet this popular. Altcoins got more popularity because of bitcoin, people thought that they are late in bitcoin, that's why they rather invest in new coins
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I only joined few bounty campaigns, I hold the coin that I think will have a future and dump the others and buy another cheap coin, I only sell when I'm in need of money to pay for my expenses.
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When the price dumps, it the best opportunity to buy, it is risky but it has a great potential to have greater profit, from dip you buy and wait for the price to increase, you can sum of it.
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Scammers more often victimize people who are new to crypto because they still have no knowledge and experience and also starting to learn, they still exploring how things works.
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I don't think the schools will implement to teach students about crypto currency, for what purpose teaching them about that thing? Students who are interested in crypto currency has their own way and sources to gather information.
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Diversification is a good strategy for people who are afraid to take very risky investment, by diversifying your money in different cryptos you are decreasing the risk of losing much money.
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Still you got profit and lucky for you it only takes hours, nothing to be depress, it is not the time for you. And you learned a lesson, next time study the chart and learn to wait.
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It is not the main factor, it is one of the factors for good ICO, a good ICO have a lot of good factors, not just only one or two, but nowadays only few have achieved specific factors to determine a good ICOs.
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I agree with you, you still need to research and study the ICO even if it hype, best ICO doesn't base on that criteria. Invest only what you can afford to lose, so it won't make you any depression when you got scam.
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After you have put it on trading, you have pledge to yourself that you can lose it all and can't get it back. Start with bitcoin and ethereum first before switching to another coin, it is the best to start in bitcoin for experience.
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That's a ridiculous amount of transaction fee for bitcoin, I'm sending my bitcoins in different wallet addresses but I don't pay with that same fee as yours. When the bitcoin fee is high, I exchange it first in other coins with lower transaction fees.
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I think they did it to reduce those hunter that spam bounties, but there are still some who are abusing the bounty campaigns. They should make a rule that will be fair for both parties.
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The trend now to earn free tokens is by doing bounties and airdrops, the rewards now are getting lower and lower as more and more people are participating in the campaign.
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I joined several airdrops before, I still don't participate in bounties because it takes too much time to get rewarded. But when I knew that airdrops are useless, i have to switch in bounty and it is better for me than airdrops.
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I think it will still take couple of months for the recovery of the market. The price continuously slowly drop every single day. The market relies on the bitcoin price, the other coins movement would be the same as the bitcoin.
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Now most of the altcoins have got lower and lower, it is not that stable. It is very risky to invest now, we all know that crypto is not stable, it is very volatile and unpredictable, we still wait for a couple of months before it will recover.
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No, not all crypto would survive, many coins could not recover after long months of bear market, they stay on low price and ends with valueless coin. They need proper marketing and volume trading to survive.
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More and more new bounty and airdrops are emerging day by day, we have to choose the one that looks good and would really pay the participants. Don't give up, continue joining bountiew but this time be more careful when joining.
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Maybe in the future, all things are possible in crypto. No one can predict what will happen in the future of crypto, it depends on the users of it. I think ethereum is better coin to beat Bitcoin.
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