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Ripple is a small price per token (currently at $0.299) which means that anyone with a small or tight budget can contribute to Ripple (XRP). Meaning XRP offers a great investment opportunity even to small-time investors. Also, when it comes to market capitalization, Ripple is among the top cryptocurrencies in the market right now, making it more accessible to everyone.
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I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit.  I think people who buy when the price is going up is that they know that the coin is on the uptrend. they have studied the flow of the market and they are running along the bullish cycle. Amassing a good amount and then sell when the trend is going down. Getting some gain for themselves. |
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The current COVID situation highlighted the need for people to transact virtually to avoid physical contact and mitigate the effect of the virus. Crypto is a very good way to do this that is why many government are moving towards it. That is why now is the best time to embrace the technology.
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I am also worried about sending personal information online. Fearing that my identity will be used illegally also. But I have joined one bounty campaign that requires KYC and I have no choice but to send them else my stakes would be forfeited. I don't why this KYC thing had become a requirement for most projects. Just against the essence of crypto.
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I think what I see contrary to forums and crypto-related sites. I think they more point out that the COrona situation has expedited the use of cryptocurrencies in doing transactions for the exchange of goods and services. With the threat of spreading and being infected through physical contact, crypto currencycies becomes more useful.
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I check on crypto rating sites to find information on new projects that is to be launched in the market. But I don't make their ratings an influence on my investing decisions. I observed that some of these sites based their scores on sponsorships and tend to rate highly sponsors. I still believe that proper personal research is still the best method when and where to invest.
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corona has affected the economics globally but has also dampened the growth of crypto-currencies. Until the dreadful disease get wholly wiped off, it is not possible to see any improvement in the crypto market.
Various experts are constantly monitoring the market and saying this. I agree with them.
What do you think about this? Do you also monitor the market?
I think despite the COVID situation, crypto has flourished. The call of times to transact virtually has been emphasized during this COVID situation. Even many governments have called on the issuance of their own cryptocurrencies so they can adapt to the changing times. |
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I am fortunate that our company gave us the option to work at home. This gives me an opportunity to do my job and at the same time do some bounty activities. Working at home also made me monitor and do some day trading. The COVID situation really emphasized the important of blockchain as a way to mitigate the effect of the pandemic.
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Definitely not yet too late to invest in ethereum. There's a lot of development going to happen in the eth platform and I think its price in the market will still continue to rise. A lot of projects are using the ethereum platform and their success will be success of the eth platform also.
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Always trust your intuition when joining bounty. If you feel something doubtful about the campaign, then maybe there is something wrong about it. You must do some research before joining a bounty campaign so that you will not waste your effort doing bounty tasks.
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I think it is a good time to invest now. The market is slowly consolidating and I am hoping that it will be going into the uptrend. While the prices of crypto are not too high yet, better to amass a good amount of crypto and take advantage that their price are not yet bullish.
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I think project admin and developers like to have a sense of ownership about their platform. Having your own altcoin is like branding and the more if you have your own platform to control. The amount of crypto that is currently in the market only means the industry is growing fast and developing faster.
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I have a bagful of worthless tokens that have accumulated from many airdrops and bounty campaigns I joined when I was still new in crypto. Got most of them during the last bull market. During those times, it seems that whatever ICOs being launch, it seems they become hyped and profitable. But after the market bubble, those projects just disappeared and I was left with many valueless cryptos.
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The year 2019-2020 was the least productive for me in terms of earnings from bounty campaigns I joined. The rewards I got from the many projects I joined was very minimal. The only positive outcome that year gave me was the rewards I got from a campaign I joined the year before. Was surprised the project distributed rewards and the equivalent in the market was very high.
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The title sound funny right. It is not news that the crypto market is booming now, I hope you are already putting every necessary things in place to maximize the state of the market now and the state to come. If you are yet to start investing in one or two promising project by now, it means you are still sleeping. Wake up and do something. I have seen a lot of post complaining about how they missed out of 2017, are you sure you are not going to miss out of this? Hmmmm.
The current market situation and the pump in bitcoin and other top altcoins prices got me excited and become interested with the trend of the market. I have experienced the 2017 bullrun and I am excited that it would happen again this year. Been accumulating and hoping my patience will bare fruit. |
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The situation is slowly changing right now. I even think that altcoin season is nearing. The potential of some altcoins are high right now that I think would be the driver for the next bull market. You just have to research deeply what are those cryptocurrencies.
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I think there have been a lot of projects that created escrow fund for their bounty projects. Actually, I have joined a number of bounty campaigns before. But again, whether rewards are given but if the market does not support it, the value of the stakes distributed would still be worthless.
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Can someone make it trading only altcoins?
I think it is possible to make a living on trading cryptocurrencies. But it is a risky move that you should be prepared with the market's ups and downs. The crypto market is very speculative and the trends are very unpredictable so you should know how to read market movements so you can go with the market flow to earn big in crypto. Unless your comfortable with it, you should have an alternative means of earnings to be sure. |
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