It is less risky only when the price grows. But what about when the market changes its trend from bull to bear? Like I said, passive investing is suitable only for Bitcoin. Buy it and forget about it for few months. With altcoins it is different. We all have noticed that most of the time they copy price changes of Bitcoin, and from time to time show their own growth. It might turn out, that when you have invested in an altcoin $1000 and waited for few months, its value might now have changed. But, if you trade it when its price suddenly goes up, and be lucky to buy back when the price is low, your profit would be much greater. That is why I have said that trading should be done parallel passive investing. Or at least know basics of market trading to be able to catch "sell high buy low" moment. Mostly it is indeed copying Bitcoin but might not be too direct copy. More like take it as investors would lean to other alts as well when they saw Bitcoin's price is quite seeing the green arrows lately. That's why it is common mindset for investors to go for alts once Bitcoin starts to show it. But on the bad side, people tend to dump alts when Bitcoin dumps as well that's why there aren't that many surviving coins. |
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It's what celebrities are. Now I expect many people that will now sell their coins just because a celebrity claimed that it is "almost BS". Well they'll overlook the "almost" but the BS is what they're gonna read. I expect many would sell their BTC, but hey let's see who are the real hodlers like us. |
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I don't even have a plan to get out of crypto and I wouldn't mind if the bull run ends. When I need the coins, that's the point I sell it to my local currency. It might be true that bull run might end one day but it will surely be back after bear's table is done. There isn't ceiling in the price, think about that OP. |
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No need to go too far into research. The top coins are there to tell the story and your required answer. Check in CMC. In my own experience, I just do it all in bitcoin with minor amount to alts. |
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Only Binance. I still don't have any reason to use other exchanges like Bittrex unless there's price that I am looking for then the list will go down forever except for crappy exchange because who would obviously trade their actually. I had my rough experience as a newbie in Binance but it was my stepping stone that I never stepped on because of...personal stuffs. |
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Same, OP from the bull run thread in 2021 huh.
It is still quite early to mention some worst loss in 2021 because for me it was just <5% loss as the year was still starting to run and Bitcoin even managed to price surge while having minor price corrections lately.
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I'm all into Bitcoin but since OP didn't specify the type of coin. I would say that I got my profit around 1000USD when I was holding back in 500 USD then. That's just approximation since I was a long-term holder anyway.
I was about to mention my day trade profit but that was long time ago and might be considered irrelevant since we're talking about 2021.
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That's a lot of loss, OP. Just wait for a price correction then decide to buy something back and hodl again. Made that mistake before and I was emotionally strained so I just stopped and decided to get back into investing and hodling game again. I would advise to not panic, OP. You would almost likely decide wrong. Almost 100%. |
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I guess OP is looking for shorter term investment. @OP I wouldn't suggest anything more but I think you'll be fine with those already whether it'd be day trading or long-term trading. Let alone Bitcoin that its price is indeed unstable, and it's not impossible to earn a profit or two in a day, it's still a slow earn but price surge happens so you still got that. Just throw your profits to USDT so that instability won't screw your trades. |
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That's insane, but I guess that's one to tell that I didn't experience the worst before as I thought before that I had the largest gas fee when I was still trying to send my ERC-20 token to EtherDelta to sell it and trade it as well. Learned my lesson from my experience before to be prepared to cover these gas fees as they might be my losses rather than get your trades.  |
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I guess that works. I can't recall that much but I'm pretty sure that Cardano is one of the top coins in CMC or I might have not been visiting the top coins that much.
I am still sure with ETH 2.0 though since it just doesn't die off in updates and even if it's old. It is still being developed continuously and that's how devs take care of their investors as well.
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That's likely though I don't have the statistics on the probability on how many alts could surely followup the increase in price, but it is indeed a common mindset for people to speculate that alts tend to follow once Bitcoin increases in price. However it goes at its lowest as well when Bitcoin goes down, it is massive dump/bear season for alts. Nobody knows what will happen next. It's like a toss coin. |
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I pay my bills through Bitcoin honestly, through the use of third party apps of course. There isn't that "direct" adoption of Bitcoin lately like personal transaction or somewhere around the lines of using hardware wallets and such.
It didn't for me, OP. I am in both sides of utilizing it, as money and as an investment. Fees aren't that quite a problem for me.
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It's not a bad idea, but it isn't that recommended for beginners either. Price volatility will just overwhelm a lot of newbie. What happens when some get overwhelmed? They panic. What happens if they panic? They mostly sell. What happens if they sell? They don't go back. |
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When I was day-trading, I just made up around 5% of what I invested because I was still a newbie to trading. It is a bit of different measurement for me when we talk about how much I got as a net when it comes to long-term trading or hodl. Price is quite unstable anyway, so let me precisely say that it was around 5-10%. |
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That's gonna be a hard to do. It's to be expected that many projects will lose their promoters unless that their promoters are willing to wait til some price correction happens. Only way to do it is to find another bounty project that pays in stable coins as you mentioned, I guess since there ain't no leads unless again you're willing to hold the coin. |
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What in your opinion is the biggest power of the crypto movement for the real world?
Where do you see blockchain/crypto making a significant impact over the next decade?
It seemingly enables a lot of technopreneurs to start their own business actually without getting into too much physicality. For sure many are now leaning into creating their own project through the use of blockchain as their own business. It might not be that much crypto-related, since it's not all about crypto. |
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First of all people need to learn difference between perspective coin, shitcoin and scam. Shitcoin and scam are similar but again different. So here we come to whitepapers and people behind project. You need to understand crypto and to see potential in idea. If it's bad or copy paste idea, simply don't bother with that. To get that skill you need some knowledge and experience. Yes they're both similar almost. Let's put it into term that shitcoin scammed those long-term holders of the said tokens through exit scams. I believe there are numerous project that did that because all their aim was to get quick $$$ then disappear into thin air. Many new projects aren't for long term that's why many are claiming that almost 90+% of alts aren't gonna survive the winter cold dumps. |
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Pretty sure they're active, but that's the point of hodling. You're taking opportunity to hold even more then hodl even longer till the whole supply gets swept. If major hodlers decided to sell? Well from supply and demand law, it surely gonna pull down the price but hey an opportunity for those looking for lower price to buy.  |
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I haven't though. Mostly when I search up for Bitcoin channels, it would all be almost like how to earn through Bitcoin like many people perceived Bitcoin only as money maker for them through its value from investment. Pretty sure if I would launch my own Youtube channel, I won't claim or I won't tell the public that I am holding Bitcoin though. |
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