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It may depend on your fee that you did agree on when doing the transaction. I always set up a medium fee and the transfer did not take more than 1 to 2 hours.
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It doesn't have any collateral behind it because it's value is fiat. Projects like Tether need a collateral because it's price is pegged to 1$ value, it has to be backed by a real dollar.
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Even well known artists seem to support Bitcoin. As far as I can recall 50cent sold his album for Bitcoins when it did cost few dollars per coin or something like that.
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I always thought that debt was made when banks started to print banknotes that weren't backed backed by the gold in their vaults. Great read either way.
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Altcoins that would shoot up even this year in my opinion would be ZIL and COV. This is not a financial advise, do your own research.
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Why would you buy usdt in the first place? It's only use case is to secure your profits from sinking when there is a correction without having to cash out.
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Basically in a nut shell its like this.
In a bull market you are better off not owning BTC but instead alts. Look at XRP and ETH as an example. ETH went from like $10 to like $1400 and ripple even had higher multiples of gains.... BTC only went like 20x.
In a bear market you are better off owning BTC and no alts. BTC lost like 67% value or so... it seems like much but most alts are like at 85-95% losses from ATH. Hence by owning BTC you lose less money because everybody sells for fiat and BTC.
I'd also add her that during a bear market if you want to make profit it's good to change from Tehter to BTC, but you need to be an already expirenced trader to perform good in this scenario. It's quite hard at times but I know people who make some nice gains with BTC during bad market situations. |
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Will bitcoin prices continue to fall?
this situation makes me hesitant, I have to sell or keep holding it back. because of the uncertain market conditions, I have to think wisely. give your best advice
In my honest opinion it's too risky to make any significant moves right now. I'd wait for another bullrun so for me the price of Bitcoin needs to reach it's previous ath. I'm not selling anything before that happens. |
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Always chech if the project has a whitepaper, read it through, check the team behind it, check their LinkedIn accounts. If something sounds too good to be true it's probably a scam.
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I think first of all you need to sell with a profit, then ust wait for a dump and gather more coins. For example selling in December 2017 and buying right now.
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I keep on gathering NEO and Lisk, never to much of those.. Best altcoins in my opinion with a very bright future ahead of them. Definately worth researching.
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I saw 70-80% ico are scam which are not reliable .they do smart work and making projects by invester and advisers and after not giving token ,making scami .what to do with them. Have you ever fallen in scams ? I am fallen some time .
I think that if you have been engaged in crypto currency for at least one year, then at least once during this time you had to deal with scammers. Currently, there are too many such projects. Investing is dangerous. Unless you are 100 percent sure that the team that stands behind the project is real and professional. It seems to me that this should be regulated precisely at the level of legislative acts. And not one country but many states. Otherwise, we all will face this for a very long time. That's why a serious research on the project and the team behind it is crucial for our safety. It's better also to gather coins from airdrops rather than buying them. |
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To some,100-unit of bitcoin sounds like a big investment. To some,its a small investment.4 years ago, buying 100-unit of bitcoin was a small thing,but today is a huge investment and it's going to be higher in years to come. Below are some arguments on how one can start with nothing especially in cryto or digital currency system.
#1:Being born poor and financially uneducated does not mean you cannot become rich.very few people are born rich enough to buy 100-unit of bitcoin today. And no one is born smart enough to acquire, finance and manage 100-unit bitcoin by themselves. In other words, not having any money or financial education isn't an excuse not to get started. Yet billions of people let the problem of not having money or enough education stop them from becoming rich. They fail to make the first step. And if they do take the first step and then fail, make a mistake, lose money, or run into problems, many quit. That is why for billions of people, a 100-unit of bitcoin will always seem like a big investment or project bigger than their dreams.
#2: Start small and take baby steps : last year, my first investment in bitcoin was a $100.i was extremely nervous when took the first step.the investment grew up to $300-400 in a month, which I eventually lost all. But I didn't quit. After the lost, my eye opened to the entire blockchain system.i then realized that Bitcoin was not the only cryptocurrency in existence.i started with nothing as a bounty hunter and developed my I.Q on digital currency. Today I am a proud owner of some reasonable crypto. I strongly believe in the power of mind. Our Minds are our most important form of leverage.
#3: Dream Big: Most of us know that a child must be allowed to dream. Thesame is true for adults. Our dreams keeps us rich, young, and fun. Investment and projects keeps us learning and growing instead of living below our means, we dream big, learn, and invest carefully in order to go beyond our means.
In conclusion, Today even in the richest country in the world, millions of educated, hardworking people are earning less even if they are paid more.
To make matters worse, because of a market crash, millions of educated, hardworking people think that investing is risky and to attain higher returns means you have to take on greater risks. There are only a few people who know that the key to leverage is Control, and the key to control is financial intelligence.
The good news is that the higher your financial intelligence, the more money you make without needing money. In this new capitalism, it is truly possible to make money for nothing.
Great thread. What stops are from getting rich are our excuses we have everyday. It doesn't matter where you come from, what matters is where are you heading. |
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Well you have already answered you question when asking it. Who siad that goverments want all the best for us? They want to know everything about you and cryptocurrencies are making it harder for them to achieve this knowledge.
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It is very dangerous. If $100 become $1000 in 3 years who will do 8 hours jobs. 20% profit a year is legitimate which is given by investment in Gold and Silver coins and bars. Have a look at this. Russian central banks purchased 27 tonnes gold in July 2018. Why do Central banks buy Gold ??  Central banks buy gold because it has a real value in it, not like paper banknotes that can be printed in an unlimited amount by the goverment. |
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It's hard to scam someone if you don't have to invest your money to earn some. Maybe some airdrops don't send their tokens in the end but I wouldn't call it a scam.
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These low prices should be very encouraging for the true investors who believe in blockchain and Bitcoin.
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Altcoins serve various purposes. What kind of technology are you interested in exactly? Anonimity? Speed? App creation?
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I think you have a bad attitude for this market. All coins are going down right now so making 2x profit is a true challenge.
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