Yes patience is the key to success in cryptocurrency, as it is very volatile. Without patience, we investors cannot gain more profit. Just see, when the bitcoin was just $1 per coin in 2010 when it just started, it peaked at around $ 20000 a coin not so long ago after falling and rising in prices in between the period. Now it is traded more than $ 8000 per coin. So given the volatile of the currencies, we need patience for better profit.
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Welcome to Bitcoin Forum as a new member. Here you will know about all information about ICOs, bounty campaigns, airdrops, and information related to cryptocurrency and its market. You can buy coins here with money or you can win rewards worth many coins when you take part in bounty campaign or airdrops.
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The market is in the green again after days of depression. It has brought much delights in the face of all investors. But this time around it I hope should last days or even months. What do you think guys how long the bullish days take over? Things go the way as managing director of a crypto asset management claims? What is your take? https://www.coindesk.com/bear-market-largely-over-crypto-hedge-fund-manager-claims/
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Do not worry. Investment comes with profit and loss, which goes alternatively. You need to have some ideas about how to earn profit from investments. In the case of cryptocurrencies, the market is extremely volatile. So you need some cautions. Only option you have ahead is dodl and sell coins you have invested in at high prices to avoid loss. Good luck.
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Well, not all the competitors will win. One wins, another stands first runner up, other second runner up and so on. Every project gets progress by performance. So in case of cryptocurrencies, not all coins will do better and survive. Some of them will fail. So the best way to choose good coin is do research.
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Simply put, altcoins will survive as long as they are in demand. The coins facing ups and downs in prices go along the line of bitcoin. It means when bitcoin is fluctuated in prices, all other altcoins follow suit. This trend is for the long in the past. As far as existences of coins are concerned, not all coins will survive. Only those in high demand will get along.
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The same here for me, as I am hodling and buying. I think I will hodl for at least 2 years until the coins I have invested in will see the moon. Right now, I have some ripple, cardano, NEM, stellar, IOTA, tron, verge, cindicator, among others. I hope these coins, now down much in values than the price when I bought them, will rise in near future.
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Every person has different choices and answer to your question is personal and different when it comes to choose good altcoins. There are some steps to select good coins, they in fact work in part, like research, discussions with friends among others. First of all you should research on your own before investing. I think, top 10 altcoins are ripple, NEM, cardano, stellar, tron, ethereum, verge, cindicator, saicoin and litecoin.
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Not that hodling is bad thing. Which coins you are hodling on does matter. If you are hodling a bullshit coin, there are little chances for it to go on a bullish run. Another factor is any cruptocurrency is volatile. Take a recent example, Ethereum was $ 1000 in prices per coin not long ago (just two months ago), now it went down to around $ 400 per coin in prices. So you have to be supper player to get good profit.
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I have invested $ 10000 in cryprocurrencies (I have bought various coins like ripple, NEM, stellar, cardano, tron, verge, cindicator, siacoin). The sole purpose of my investment is to make good profit and fulfill my dreams. I want a house, a car and other things that are essentials in my life. And I am confident that I will have all these things.
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Bitcoin, and all altcoins are in the green after a long spell of depression. It is good news for all investors or potential investors, and has brought hopes for the market to rise again. However, many countries and regulators are not in favour of it. Social networking giants, like Facebook, Google and Twitter have banned crypto ads and ICOs, in open aversion to the crypto world. It means cryptos will have more challenges ahead. Will the cryptos resist challenges ahead and take over?
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I am very much positive about the future of cryprocurrencies. It will survive and win the hearts of regulators. As viewing statements from regulators, the crypro market will not be phased out or face a blanket ban. Those countries that are tougher against cryptocurrencies like China are becoming flexible and the G20 also gives a positive signals. At present, the market is in the green.
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My friend please hodl, hodl, and hodl !!! until the coins you have bring more profit to you. Anyway we investors do not want to do a business for a loss. I have also invested in some coins, and all of them have been down in prices. But we just hope the market will rise again, and bring cheers to investors.
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Besides bitcoin, altcoins have future, and will prosper over the time. See what craze and popularity altcoins have gained since almost nine years when the first crypto bitcoin was issued. So altcoins are also good in value. Personally, I have not invested in bitcoin, but I have got some altcoins like ripple, NEM, cardano, Stellar, IOTA, tron, verge, cindicator with the hope that these coins will rise to the moon.
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It is not an ideal number to start with the crypto. I always want to suggest you all investors and potential investors investing in the cryptocurrencies only the money that you can afford, and it does not affect you with your daily life for lack of money even if you have to hodl for long or you lose it by any circumstance. So invest only the money you can afford.
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It is difficult to say which undervalued coins will rise, thus attracting investments. However, some invest by peer-to-peer discussions, research, project team and reputation. And even then to figure out which coins will go to the moon will be difficult. So invest by research and peer-to-peer discussions. As for me, I have invested in ripple, NEM, Cardano, Stellar hoping these coins will rise.
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It maybe good for you or any investor to wait or hodl until altcoins that you have invested in reach the moon. However, it will be good enough if you have picked a promising or good coin. There are more than 1300 coins which you may not know grow over time or which crash. So be careful and stay safe.
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I think for a small investor, he or she should opt for altcoins that are lower in prices, meaning you can buy more coins for small amount of money. BTC is very much costly and you need to invest much money for higher profit. But on the contrary, if you buy the coins that are down in prices with small investment, it will give you more benefits in the long run. So go for small altcoins like ripple, cardano, stellar, NEM, verge, tron, cindicator, siacoin.
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Governments cannot kill cryptos because of its benefits that surpass its demerits. Crypto is par of Blockchain technology that most governments are embracing even those who flatly reject cryptocurrencies. If they wanted to ban the cryptos, they would ban it years ago (it has been almost 9 years since first crypto was established in 2009). What they can do is regulate them. Regulation is after all is a good step for cryptos to stabilize.
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A common investment formula is buy low and sell high. If that is valid and true, you should for buying coins when they are in the red because red in the crypto chart is they are down in price. But be careful in choosing good and promising altcoins. There are more than 1300 altcoins out there in the market. So pick a good coin at low and sell high
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