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One of biggest mistakes when people trade is that you put money in a coin hoping that the price will increase, BUT the price could drop too. And it can lead you to sell for a loss because of fear to lose more.
Do not invest in coins blindly, do deep research, work with only good volume coins. And we talking about investing , not about trading.
To trade cryptos you need a proper technique, you need to be patient, not greedy and emotional stable.
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If your question is Crypto related then easiest ways to get some tokens us to participate in Airdrops and Bounty programs. Be careful as there are a lot of fake Airdrops and Bounties. Even if you don't lose money directly, you can spend a lot if time without being paid for your work in the end.
However, a good but risky option is to invest in ICOs, too. Before any ICO investment, you need to perform a lot of research: team experience, whitepaper, social media activity etc.
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From my point of view ICOs will not dissapear anytime soon as there will be always new crypto based projects to be developed. What is important here is to do a lot of research to recognize scam ICOs from legit ones. And do not ever invest in an ICO more than you can afford to lose, no matter how promising an ICO looks, as the risk us very high.
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Bitcoin will not be replaced anytime soon by any altcoin. The hype and popularity are too high. This makes any other coin to take it's supremacy almost impossible. Nobody knows what the future will bring but for the next years at least btc will continue to be number one.
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Whales exist and they are real. People with a lot of money manipulate the market and that is not a secret.
However, whales exist on every market (stocks, gold etc), not only on Crypto, and that's their role, to manipulate markets and get high profits.
If you trust Crypto projects you should not be influenced by whales, just keep investing in good projects and you will be rewarded.
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If the question is Bitcoin related, then yes. Here you have only a few arguments for this:
1) Only 21M coins ever
2) Hash rate is increasing over time - most secure network
3) ETF approval will happen sooner or later wall street want a piece of this puppy
4) Block halvening in 2020 May (reduced block rewards = more scarce)
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As a main tactic, don't accept coins suggestion to buy by anyone.
If a coin doesn't sound legit to you don't buy it because someone famous shill it.
Learn trading fundamentals as soon possibile, what wyckoff cycles are and how to use them to trade altcoins to get more Bitcoins.
Never ever buy ripple, it's not even a cryptocurrency.
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If you gonna start investing/trading crypto, don't daytrade unless you're absolutely sure you know what you're doing, don't take random advice like "RIPPLE WILL MOON BY 420% IN THE NEXT 3 DAYS" from shills/wannabe experts, and educate yourself on the actual underlying tech. Andreas Antonopoulos' Youtube channel is excellent.
Oh and remember to panic sell at the next crash, then FOMO back in at the start of the next bubble.
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Bitcoin value will definitely raise in the future but checking its price daily and panicking every single time the price drops it's wrong.
Crypto market is still new, it takes time for it to become mature, that's why if you believe in its potential, best option is to hodl your Btc safe and check their evolution once several months.
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Btc has not reached its goal yet if this is to become a currency and/or to replace cash money.
I don't think that Bitcoin can replace the normal cash. It can be a additional mainstream currency but it can never replace the tradional cash.The reason is that you need to convince the entire world to start using Bitcoin. There are still many countries that don't know a single thing about cryptocurrency.
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Crypto isn't going nowhere. Too much money tied up into it. Too many powerful figures already lurking in it.
What i do see though.. now that the world's caught on and it's being regulated more and government 'watched' more.. there will be less and less 'leaps' to great fortune because people have no reason. The benefits before were massive.
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Please, not again. Stop flooding the forum with your apocalyptic feelings. Btc "died" a lot of time and "resurrected" every time. (Many times stronger than previously).
Now ETH died? Who will die tomorrow? Just get use to the fact that Crypto market is volatile, this means price can go up or down, without any "death".
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There are too many holders, so it's basically impossible to synchronize everyone to buy or sell at the same time. When many holders sell, price goes up and vice versa.
To me, when "no one" sells (still someone sells, but insignificant amounts to the market) it's a good sign, as people become aware of their holdings value.
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Cryptocurrencies are the future, and that’s why I believe that the price of Bitcoin won’t go down. However, you can never be 100% sure of anything. I deal in Bitcoin, and invest in it, but never more than I can afford to lose. I personally don’t believe it will go lower than 5k, but I guess we’ll see.
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People have been calling Bitcoin a bubble for some time now. It hasn't burst till now. These are just rumours spread by haters and non-believers of crypto currency. You can see the market for yourself and see who is right and who is wrong. Don't be fooled by these people.
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The only value BTC have its what people are willing to pay for it, there is no product or service behind it. Some see it as negative, but in reality this is one of the strongest quality of the BTC - it means that its value cannot disappear as long as people are willing to pay whatever the price is at the moment. There is no possibility that the company will make a bad product, or a competitor will bring new device that will send you out of business. Its all about people willing to pay asked price. No other factors. If Elon Musk do some dumb mistake tomorrow he can get Tesla destroyed, bankrupt. All your stocks would be worthless, regardless if people are selling them or not. This cannot happen with BTC.
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It's funny how people become suddenly experts when BTC recovers and when it dips they consider it a scam.
Btc will remain the one and only useful Crypto currency for yet a long time. There are plenty if shops and services that accept pays in BTC but none of them will accept altcoins.
That's why it's pretty normal that BTC raises and altcoins not. (Some of altcoins will raise soon, too, but poor projects will remain hopefully in the dark)
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Its hard to predict anything in the world of Bitcoin. Anything can happen in it. The only thing i can predict is that Bitcoin is here to stay for a very long time. It is not a bubble which will explode in the future. I hope that you will invest in it without any hesitation.
I think btc will raise significantly if we break 8k resistance.
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You need to be careful when investing in ICOs. I've done some serious reviewing and digging into ICO projects over the past year, and have found that, while most of these projects have a great overall concept, almost all of them lack seriously in whitepaper quality, roadmap, and experience of team. It's a true "step one: draw a circle, step two: draw the rest of the owl" situation, where people say okay, here is my ICO. We will start with blockchain, wave our hands, and the next thing you know we are overtaking the entire shipping and logistics industry. Please hand us $30 million to do so.
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