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Can be true, crypto is a highly volatile market and a month-long pump can be dumped in a single day. I personally prefer buying and selling in parts, holding is not really a thing for this year and we have seen many hodlers, even after months, still holding their coins in loss. Taking profit is not bad, if you are really bullish on some coin, you can sell some part of it and hold the rest, that's what I do.
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Crypto market is still not matured enough and lots of newbies purchase cheaper coins in bulk thinking it will become 5x-10x etc, even though both the coins you have mentioned, has the same marketcap but the cheaper coin will attract more newbies and $10 one will attract more serious investors. On hitting market, you can play pump and dump with cheaper coins and hold the serious coins as a long-term investment.
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Great article, For Ethereum and ERC20 tokens, I've always been a fan of Metamask because of it's extra security layer, but recent MEWconnect by MEW is really great, secure and easy to use. I'd recommend you to give it a try, it might come in par with Metamask wallet.
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The potential of cryptocurrencies is huge and we still haven't got to know them at their full potential, we've seen a great bull run in 2017 but at their full potential cryptocurrencies would be revolutionary and can lead this world economy into a different direction than we see right now. I'm still pretty bullish that future is cryptocurrencies ruling all over the world.
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For me, Ripple (XRP) is never and investment option, it will always be pump and dump centralized coin. Yes, your analysis is right, Whenever XRP grows and tries to fight with ETH, investors realize ETH should be given more value and we see bulky buy orders for Eth. Right now, Eth is much bigger and well established than XRP so it will continue to maintain that position until some really worthy competitor comes into the market.
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The simplest answer will be, You have Ethereum platform with its own blockchain and coin named Ethereum(ETH) which can be mined, and you have various ERC20 tokens, which are built on Ethereum platform, uses Ethereum blockchain and wallet for transactions. A coin is basically built on its own blockchain, with its own wallet, whereas token is built on another platform like Ethereum, Waves, EOS etc. A token will use the platform's blockchain and their wallet address to facilitate transactions.
Very well answered. But the point of "its own wallet" is not necessarily true. Even a token can make a coin wallet as it would be considered as dApp on the coin network. Tokens can have wallet but it's just an address and eventually, those wallets are linked to some blockchain platform like ETH, NEO and these transactions will be performed via that blockchain network. What I meant with wallet is the real place which is responsible for storing that token and it's transactions which of course will be on its parent blockchain network. |
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The simplest answer will be, You have Ethereum platform with its own blockchain and coin named Ethereum(ETH) which can be mined, and you have various ERC20 tokens, which are built on Ethereum platform, uses Ethereum blockchain and wallet for transactions. A coin is basically built on its own blockchain, with its own wallet, whereas token is built on another platform like Ethereum, Waves, EOS etc. A token will use the platform's blockchain and their wallet address to facilitate transactions.
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Many European countries are building a better framework and system for cryptocurrencies, Japan and Venezuela are also doing great in this field.
Japan is really leading all Asian countries and setting an example for them. It has built regulations and system to support positive uses of cryptocurrencies while cracking down fake and scams.
Venezuela on the other hand, had been an oil-rich country but they are facing a huge economic crisis. To handle this situation, Venezuelan citizens started using cryptocurrencies, which made their govt create its own cryptocurrency called Petro. They are trying it all to overcome their financial crisis.
EU nations like Sweden, Germany, Switzerland etc. are prominent among cryptocurrency support. They are providing various exchanges to traders, Big Swiss banks are supportive of bitcoin and cryptocurrencies. Germany has officially accepted bitcoin as a currency and overall cryptocurrencies are very positive among EU nations.
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Yes not proper regulations is a concern for bitcoin, but it's biggest weakness is high price volatility because bitcoin's price is manipulated a lot, if it get regulated can people start using it for everyday transactions, then the price shouldn't be much volatile, also bitcoin can't handle a big number of transactions at a time, so mainstream adaption will require changes in it and more transaction speed will be needed.
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Nice and valid points, I'd like to add Don't click any tempting link in the email, giving lucrative offers, messages which include our latest purchase like this (your coins are locked, complete KYC using this link to unlock them), free eth, free coins or anything. Don't send Eth to unknown address having free tokens(Your eth will go away within a blink of eye.)
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I love the concept of blockchain, the technology involved with it and I'm really fascinated by it. You can send money to your little sister to buy her birthday dress, that too instantly without having to worry about banks, taxes, cross border transactions, time etc.
To learn and know more about this technology, and make the most out of it in my own life, I joined 20-week blockchain course started last month. Right now, I'm really enjoying this and I would definitely love to create some unique dApp on blockchain.
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Yes bitcoin is a cryptocurrency which is created to serve as a payment method but first and foremost important thing is programming and developing it. As you mentioned Ethereum has more use cases and can be served as a platform for dApp creation, the same thing applies to eth and all other crypto as well, first it needs a good programming, developing and research team, then it can be used as payment method, assets, dApp platform or any other use case.
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So XRP(Ripple) has bypassed Ethereum to become no. 2 coin on coinmarketcap and it has seen about 70% growth in last 24 hours and about 300% gain in past week or so. Is it still the right time to get into it and buy some XRP. Some people might argue Ripple is centralized and Pump & Dump coin but a trader basically looks for profit not other so much about other factors.
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Great to see Bitcoin actually helping countries and communities in transferring money, helping drowning economies like Venezuela. We need more use cases like these where bitcoin actually makes money matter easy and helps people in fragile economic situations. Great to see Palestine is moving in this direction and understanding this special currency.
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XRP has gained a lot in last few days, what's going on with it? Can it go further up or can it match BTC in 24h volume?
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Okay you saw last 24 hours! The whole market is pumping including bitcoin and ripple is just going crazy. Eth making steady growth after falling too much. BTC dominance is decreasing and This is certainly a recovery phase for the market. If you are into trading I'd advise picking some of top alts and trade into them. 2019 will be a good year for btc and alts(of course project with just some insane idea, whitepaper and nothing real product might go down into black holes). But real projects with complete future plans will definitely gain more success over the time.
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Binance has a great reputation and generally regarded as one of the best crypto exchange with highest daily volume. I trade quite a lot and haven't faced any issue with binance, be it trading or deposit or withdraw, don't term anything scam just because you're facing an issue with it.
Did you ask them what exactly is the reason they blocked your account? Which security issue? An account cannot be permanently blocked for any simple reason as far as I know.
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