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If you want to hold some altcoin for long term, it's better to get altcoin from projects who have a real use case and holds a significant market capitalisation. This would guarantee that the project would stand the test of time and most likely increase in value in the near future.
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Always be serious in your post and it should have sense in a topic I mean it must be relevant in a topic. Be polite always in a forum and follow the rules and always make a post in a positive way.
I don't think so, I see some joke posts or not so serious post getting merits most of the time, sense of humor might be one of the criteria for that. I agree with you, in my opinion, the basis for getting merit is simply posting what would catch the attention of members. Some members are attracted to jokes and could give merit for it, while others are attracted to inspirational posts. All that matters is posting what could make a member willing to give up Smerit for the post. |
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It's been a norm in small and medium cryptocurrency exchange to fake the volume of tokens sold, some people believe its a marketing strategy to pull more persons to the exchange and help sell the tokens faster. I've stopped believing what is being said about tokensales as most times we hear stories like round 1 and 2, sold out, but the progress is still raising funds after 6 months of establishment.
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There are various strategies employed by professional traders to get the best out of the market. One of such is trading altcoin with the USDT pair to easily know when one is making profits, rather than the btc or eth pair which could be complicated upon conversion. I personally prefer setting my orders in bits to increase my chances.
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The reason why price of ethereum never getting up to the level of Bitcoin is due to the same reason initial coin offering people want to cash out all the ethereum price list so that demand kept low in the recent years compared to Bitcoin but it is not going old are useless.
In my opinion, the most valid reason why the value of ethereum has been unable to increase substantially over the years, like bitcoin is because of the infinite supply of the tokens. Bitcoin has a maximum supply of 21 million and even till date less than 18 million is in supply and that's why the price could skyrocket effortlessly. |
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In my opinion, bounties are always unpredictable, not even the developers can guarantee that the project would be successful, we all go on with the hope that the project would do well and our efforts would be rewarded handsomely.
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It's not a good idea to consider quiting bounty hunting, because your break through could be so closer than you think. Every person who made a substantial amount of money through bounty hunting, had several bad experience, but they persevered. It's best to see every ill experience as a lesson which is necessary for a better reward in the future.
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The investors should have a goal as to the amount which he'll love to cash out on his investment. The Cryptocurrency industry is volatile and its possible the amount is achieved in few days or months. The most important strategy as long as investment is concerned is that the coin should not be sold at a loss, only when the team has abandoned the project.
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Am not in a position to determine whether huobi IEO is better than binance, as I am not a constant participant of IEO's on both platforms. In my opinion, I'll choose binance over huobi because of the excellent customer service I experienced with binance as compared to the one experienced in huobi.
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We can't deny the fact that Scammer are plaguing the entire cryptocurrency space. One of the reasons why countries are restricting their citizens from joining the industry is because of the prevalence of scam and until we get things right, the issue of mass adoption of cryptocurrency is a long thing.
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I've once thought about the rate at which new projects are flooding the cryptosphere and because of the fact that there's no strict restrictions on new entering, many projects without a sound understanding of what they want to offer keep emerging. Bounty hunting is not as lucrative as it use to be and several persons are complaining and working away. Most times we join bounties with faith, hoping that the project pays as planned.
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Trading is not an easy aspect of earning in the cryptocurrency market, must newbies rush into trading after watching some YouTube videos and feeling they're ready to commence the journey, only to get stuck in less than 3 days as a result of their capital depleted. Trading takes much more and professional traders who manage large accounts still apply due diligence before entering a trade to avoid losses.
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Either ICO IEO or STO, this shouldn't be what you will rely upon to get great benefits from new projects,what makes a difference is the thing that the teams are attempting to construct ,the inquiries you should begin posing to yourselves is what innovative idea will the new project offer crypto space ? Also, how great are teams records.
Many investors are complaining that they are at lose investing in some IEO projects ,these investors believe that all IEO projects are good and should be able to double or triple their ROI which is not possible unless they actually do good research on the projects first ,lack of research will always leads investors astray
The importance of carrying out research on a project before investing cannot be overemphasised. Investors need to understand that its their responsibility to carry out due diligence and not depending solely on the information in circulation by the team because its not sufficient and could be biased. |
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I check my portfolio anytime am opportune to open the block folio app. The Cryptocurrency industry is obviously very volatile and volatility Could be favourable or unfavourable depending on the movement of the price and the coin one is holding. I believe one has to be watchful of the market to make the best out of it.
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If everyone can see the future, I guess there may not be any word like risk since everyone has the opportunity to forsee and take necessary precautions to avoid issues. The Cryptocurrency industry may not be buoyant like it is now and there would be fewer projects and pressure.
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It's understandable for anyone to grow tired of carrying out kyc, especially bounty hunters that deal with several projects and giving out this kyc for bounties is twice as risky, because some projects are just a ruse to deceive the investing public and collect their personal information.
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In my opinion, the future of altcoin is bright. There would always be new altcoin development and this would increase the competition of relevance in the market. For a project to get the scarce resources of the cryptocurrency space, it has to be ready to give something of value.
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In a situation where your account was hacked, its best to see it as your fault, because its your responsibility to protect your account utilising all the security measures in place such as the strong passwords, 2FA, etc. In securing your account, no stone should be left unturned.
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Trading cryptocurrency requires a great deal of patience and experience as rightly said. To trade effectively, one needs to be watchful and make decisions swiftly because the market is highly volatile and profitable moves don't last for long. I believe that the persons that make substantial wealth from trading are those that are experienced or those that use bots for trading.
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