A lot of people have been burned by founders running away with with ICO money. It tarnishes the reputation of cryptocurrencies and I believe we should help educate new investors as soon as possible.
Can anyone share a checklist of the things they look for to determine if a coin is worth investing in?
And what are the red flags that you often see people fall for?
There isn't a serious check list but there are certain factors I personally consider before investing into an ICO. These are as follows: - team, are they well known members of the community - how transparent are they about the project, target goals and team - the amount raised - amount of tokens, and ratio used for public sale - transparency around social media accounts and whitepaper - rating given by other members These are some of the things I consider, I might have missed some but that's what comes to mind right now. And, I think the biggest red flag people tend to fall for is the multiplier, and this goes hand in hand with people thinking that if they invest in an ICO, specially DeF they are guaranteed profit. Of course, this is not the case. Only good projects will make it. |
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There is a much needed implementation that education bodies needs to address about Bitcoin along with the blockchain technology. The problem is that I do not see this happening any time soon.
People are divided, and most don't believe in this new era of technology and digital currency. What's worse is that children in school should have also been learning about programming and AI, but the majority of schools fail to see the need for this. And, sadly this sets an example of how strong the resistance to change in education is but it also calls on the urgency for this unified decision - we need to prepare the future generation for what's to come.
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What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
I think the high transaction fees on Ethereum has become one of the most important issue people have started to raise concerns about, and it is only natural as nowadays the fees can be huge. The other day I had to pay ~35$ for 1 transaction. Clearly, this cannot continue and given that this is a problem everybody encounters, and one that stands as the most limitable factors to the use of ETH. There is an emergency to mitigate this issue and the fact that is a global trend means that ERH cannot afford to have this issue growing bigger than it already is. |
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Does anybody know a place where i can buy bitcoin with credit card. I have tried so many websites but it always declines. Who knows a good place where i can buy. NB: I have tried Binance also
Poloniex is one such exchange that I can recommend for buying crypto using credit card. And just like with many such places which will need to partnership with payment processors there might be a fee and perhaps a minimum also. Best to search which ones give you the best of these before buying. Good luck. |
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...
the conclusion is to build a website where I can categories every website related to bitcoin
While I get the gist of your idea, I think that every website might be a bit too much to do. Instead, I'd recommend going through most and choose a feature you want to categorise them by i.e. wallets, content etc. In my opinion this will help keeping you on a much clearer path and not get overwhelmed by mounts and mounts of information. Also, why are you doing this, is this something you're going to be monetising? If so some money generation strategies might also help you in picking the type of content you might want to show on your website, and need to consider the competition. |
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Does it mean inexperience traders aren't born to trade?.
I'm sure this is not the case at all. Before trading was a thing nobody knew how to trade. This is a learning skill that gets polished with time and experience and rather than placing the fault of our 'DNA' you should switch to the environment and the mind-frame you set yourself in. Mind is a powerful thing and negative thoughts are so pervasive that it takes practice to keep a positive mindset. And even if you learn that you don't enjoy trading then staking won't be the alternative unless you learn about it and dedicate your time to develop that understanding. |
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Probably a dip, as people would probably be more confident to allocate money to businesses/companies(and away from the hedges like gold) that are halted by the pandemic, but I'm not really sure about a "crash".
I'm personally expecting a bigger dip with gold than with bitcoin though; bitcoin has been pretty much mirroring the S&P500 for a while now.
That's along the lines of my thinking. I don't see BTC being much affected by the halt of the pandemic. The market isn't that neatly tided to that economy as most people who invested in this market are unlikely to want to take their money out to pour into investments outside of crypto. While there might be a small dip the market is unlikely to crush but undoubtedly there will be a small downtrend. |
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Over the past few weeks, I think I have been bored of hearing uniswap here and there and it seems like it has been a trend among the community. I just have noticed through coinbase it has increased 75%. What has happened actually?
DeFi is what happened. Uniswap has been the place for nearly all DeFi launched tokens and on top of that with the staking reward system that they provide there really isn't surprising how it managed to go beyond doubling in value |
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It honestly doesn't improve my confidence for even the slightest.
Various people can claim that they will be holding their bitcoin for whatever amount of years and such, but then when the price drops enough to the point that it scared their asses off? They dump, saying that bitcoin is dead, or to "buy back lower".
I think it's better to look at how the bitcoin "bulls" acted in the last crash after the bull run, than listen to what they say.
I agree the results are not that impressive and they're not telling us much specially when the sample size in general terms is that small and thus can't ads much weight to the findings. What we see is that there are more investors that have joined crypto but given the space of about 3 years that was to be expected. |
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Hello, according to you, which Bitcoin trading platform is best for newbie and professional investors? Personally I use Binance and very satisfied, the exchange stability, high speed and no margin.
Binance is a good platform for both newbies and professional investors, so starting there is a good place. Similar to this, there's KuCoin which is another great platform I prefer even more than Binance as all the chars can be added to the same window rather than in separate tabs, and the trading tools are just as you'd expect. Poloniex is another one I find more intuitive to use over the other two. |
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There’s more than one way to invest in blockchain, here are the methods we’ve detailed to help you get started: https://pantograph.io/how-to-invest-in-blockchain/- Invest in Blockchain Stocks - Invest in Blockchain ETFs - Invest in Blockchain via Cryptocurrencies Is there any other way to invest in blockchain that the post has not mentioned? Feel free to comment below!  Investing in blockchain via Stocks or Shares is useless. The best way is to go into crypto and within better still to look into DeFi. There are lots of crypo projects so while you could pick a few 'safe' ones like BTC or ETH it is still worth diversifying with alts. |
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Usually, when it comes to cryptocurrency investments, I go through the following steps
1) General research to find out about any new coins to invest in
2) Preliminary research to see if the coin is legit or worth investing in
3) Ongoing research to find out market events that can impact a coin's price
Step 2 is rather straight forward but the one I have an issue with is #1 and #3. There is just so much information going around that I end up just sticking to the tried and tested ones like Bitcoin, Ethereum, etc.
Do you guys have any suggestions or workflows on how to tackle information overload?
When you do such a broad research for a project or a coin or whatever the best way to prevent information overload is to be selective. Filter out all that jargon and also get info from reliable sources too. These days getting info is difficult so you have to cut out the none-sense early on. |
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Not discouraging these guys but if they claimed they are professional on that field, at least they will make an effort to make good formatting in their introduction to make it simple and easy to read especially for newbies.
Moving forward, the site is new to my vocabulary and don't have much information and reviews on the web. Also as mentioned above, some of the most visited section of any sites which are; FAQ, Terms of Service, Privacy Policy, AML Statement, Responsible, Gaming Code of Conduct, Complaints Policy, About us, Partners, Promotions, Digital wallet recommendation don't have an active link. Looks the site was built on rush.
And yes, if they will follow you, fees should be associated right? It's risky as you are new to this field. Lack of information too if you are really a legit company.
Gambling is gambling so don't expect your strategy will always hit the bell. You can't defeat the house in the long-run.
The fact that everything was mangled together give readers little chance to go through it all. Not that I'm criticising this too much but most ANNs on here have a standard. As for what you provide, well let's tart with the intro of several managers - this just gives the wrong vibe. You don't need to have 5 members managing this, right??? In any case, the stuff you mention about the high accuracy etc, all that need evidence, add a link somewhere. We're not being brutal, we're giving you the much needed feedback. |
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Futures leverage trading as it is a little more complicated than normal day trading, so it may not be for everyone. But what you're describing sounds strange and I've not come across this before. What I suspect is happening is large movements in the market caused by large liquidity which is messing with your leverage trading not allowing you to get a healthy profit. This could also be caused by the volatility of the exchange. Test out the system with lower volumes, see what happens then.
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Tightening the regulation on crypto activities is something we saw coming anyway. The fact that this network is unified for most of the states is actually a good thing. And even if the scope is to get more transparency around the crypto transactions we must remember that if it is impeding way too much than one would have wised there are always ways around it.
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Hello, everyone.
I did some research on trading cryptocurrencies, but I suppose it's better I get some input from experienced members here.
Here's the thing - I have a lot of free time on my hands. I'm thinking about buying a tiny amount (1.000 EUR or 1200 USD) worth of cryptocurrency (I'm leaning towards Ethereum or Bitcoin) and basically buying lower and selling higher throughout the day.
No, I don't expect to get rich from this. I simply need something to pass the time and if I can also make a profit off it, why not?
So I believe what I'm interested in is called "day trading". I have found numerous pros and cons regarding this method, but as I said, I want to engage in something on a daily basis, investing and holding on for a period of time is something I'm really not interested in.
I heard of Coinbase, Coinstats and Binance. Are there any other platforms worth looking into?
Thank you.
The exchanges you mentioned aren't bad for trading, and their well known. Poloniex is another one I use for trading and it isn't bad, the only thing is that it automatically logs you out after 5 mins or so and I never got around to changing that (not even sure if its possible). Day trading in the way you described sounds possible but if I were you I'd consider some other alts beside ETH simply because their volatility is greater so from within a day you can find several entry/exit points. |
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I'll go with Binance, KuCoin, BitFinex tandem although I didn't yet tried to use BitFinex but on the second choice which is the Poloniex, Bittrex, Kraken is the Kraken is also I didn't yet tried to use.
I am really comfortable using the Binance especially before and Kucoin too, they got mobile applications for android and IOS which some beginners are starting to explore trading by their only on their mobile phones, they may find it comfortable at first.
I also side with this statement to a certain extent, and in the sense that I regard Binance as a good platform. Similar to this, KuCoin is also easy to use and I found that the feature of having multiple charts in the same window is super helpful as you can have just 1 tab open and can easily switch between coins rather than having individual tabs for each coin. Poloniex is also good but I hate how quickly it signs you out like 5 mins or so - pretty stupid but other than this the exchange is good. |
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This is quite interesting that Coinbase actually does some good that is not based on something that benefits themselves. That said, I would still not ever use Coinbase again. They are a scummy/untrustworthy company that is all about what's best for themselves not the community.
This is not entirely true. The funds that the exchange did not allow to transfer at the wrong time belonged to the exchange technically. So, in fact, CoinBase saved itself from additional losses, including from leaving customers in connection with this incident. Good job anyway. Indeed, the action just happened to benefit the rest of the customers not that that was a priority. In any case, the fact that thousands of people got saved by this is amazing but this should also be taken as a lesson that it doesn't matter where your money is - just assume there's always that slim chance of losing them. That's the risk everyone is taking when leaving their money exchanges and not cold wallets. |
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India is one of the countries that actually need blockchain to power their economy crisis. This is a ridiculous scandal, specially when all that court money could have been used for something much more productive than this futile argument. Honestly, is like people don't know when to give up, and instead they waste all their efforts aggravating the situation. The people of India should stand up to this unreasonable 'battle'.
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For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?
If we hold too much, it's not a good one. I had brought 1 Eth and hold it in my wallet over 3 months. Now price of Eth reduced to 370$, same Eth had reached upto 470$.I had thought the price of Eth will increase further, when the price was 470$.Now it reduced to 370$, nearly 100$ reduced. If I had sold at 470$, it will be good move from my side. Now It's like I had lost the good opportunity. 3 months is not really a 'HODL'. The terms applies to people who invest for long-term and in your case you just seem to have bought at the top of ETH peak and now you feel disappear because of the price dump. All I can say to you is that if I was in your case I wouldn't worry much and keep HODL-ing. Only in this manner you'll be able to make profit along the lines in the original post. Unfortunately, this is not a playground for 'quick money', you have to hold out. |
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