There are so many factors to determine the potentiality of altcoins, one of such would be the use case of the coin, knowing what solution it brings, also check the total and circulating supply, the team backing out the project, the project road map from their white paper, the activeness of their social platform, with these you can tell if there will be potential to get from the coin.
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Well hearing about this coin for the first time, will create time to study about it, before anyone invests, make sure you are convinced about the project before buying,do not buy because you see others buying. Have a strong reason why you are going to invest in the coin.
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A valid point you made here, if you want to go into trading, then focus on trading alone do not distract yourself by adding bounty or other stuff, if you choose to go into bounty, then focus on it, look for few good projects and do them well, hopefully it should be rewarding
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It is beneficial being a cryptocurrency trader, From trading you could earn some cool cash ,this is only if you understand how trading works. Also being involved in crypto could also earn one some cash like being a bounty hunter. There are opportunities in the crypto space.
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Talking about bear market being bad or good, it's entirely a two way thing, it's not entirely bad for traders who know their onions, while in the bear market, they could also make profit while it is bad for long term investors, they would have to wait more again for price to rise back to where he or she entered. And then it's good for new investors because it is an opportunity for them to also get in.
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In crypto, never give up, right now as we know it's the season for bitcoin and as such the season for alt will surely Come, the best one can do is to get some bag of low Sat token and wait for the bull run
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There are several things to take into consideration, as a hunter, your main concern should be about the pay and as a result, you need to choose wisely, look at the team behind the project, check their social handles,know the extent of the sale possibly if they met softcap, all things being equal, check the reward for bounty!
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Going by the meaning of kyc, know your customer, bounty hunters are not customers so i see no reason why kyc has to be carried on them, also for emails, I have a separate email for bounty, but some projects are bent on getting the kyc, this is where a bounty hunter needs to do research if the project is worth his or her kyc.
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Initial exchange offering isn't a threat, rather it is good because first the problem of listing wouldn't be a problem if the project is sold out and also bounty hunters are sure of the project they are promoting being list. So it is advantageous.
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This is a major call for concern, as humans we want more and that results to greed, we would see our coin at 100% growth or profit, we would keep waiting for more and once there is a retracement it might pull back below our capital, let's try not to be greedy.
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Hopefully there should be altcoin season this year, I think when the price or movement of bitcoin stabilizes or consolidate then the altcoins will have a direction and hopefully the upwards movement. The upward trend of BTC is really affecting alts negatively
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You made a valid point, never panic buy or panic sell, try to know the root of the news causing the panic, also try to manage ur capital also, when trading, stop loss must be taken into consideration.
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Holding multiple altcoin is good and as such I think the way we would want to hold it will be a thing of choice, personally I would prefer holding in more than one wallet,that is diversification incase anything goes wrong, I know some will prefer in a single wallet for easy monitoring.
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Very well said, your destiny in your hand is a fact, the success you make in cryptocurrency and in life generally is totally dependent on you, so try to study to understand the field you are venturing into, so as to know the direction to take. Good decision is a factor in making success. If you make good decisions at the right time in crypto then you are sure of good reward
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Yes especially for day trading. You end up keeping a close tabs on all your open order in order not to get burnt. Its time and energy consuming its good for only those who do crypto as a full time job
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I prefer long term hold. This has favoured me the most as i have made good profit form it. Day trading is bad for me. When ever i try it, it does not end well, i end up being burnt.
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Off course yes you can but you need an exchange with high volume like binance it will be easy for you to boost your portfolio in no time. Learn not to be greedy you might loose all
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Eth does not looks dead to me. It has many usecase as many projects keep building their Dapps on etherum. Investing in etherum will definetly not be a lost course
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When the price of any token i got from bounty is /10 lower than the ico price i don't bother selling again. I just for the coin to pump before i sell so as to mininze loss
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This is because they are risk takers. They dare to take risk where others are scared. Binance change crypto entirely when ICO was not productive they brought IEO now many other exchange are adopting it. They have right to influence the market
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