What frustrate me the most is holding a coin for long for the value to rise only for the coin to fall even below the value it was, because one does not know when the price will rise again.
Yes, these times are always very frustrating like this period we are experiencing now in crypto where the price of coin is dipping. |
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Recently, many Cryptocurrencies have been created and the rapidly changing market landscape, all investments in Cryptocurrency can be high risk. Even Bitcoin which is by far the most stable crypto also shows a fluctuating price.
For comparison, though, altcoin prices are more volatile due to low market cap, altcoin markets are particularly vulnerable to price manipulation. Investors who have a large capital called "whale" - often inject large sums of money into coins that have low prices to build sensations and cause the price of the coin to skyrocket. Once the price has increased, he sells their coins on the exchange with huge profits, making many other investors deceived in the process. This method is known as "pump & dump." This can not only hurt greedy traders who do not take the time to analyze their investments, but are often shown to cause altcoins to have short lifespan.
To avoid losing all your investments due to pump & dump, focus long-term investments on coins that you believe have great potential and show good health. Generally, healthy altcoin has a strong community, shows high liquidity, and has a team of developers who proactively improve the source code of the coin. The comprehensive loginitma of CoinGecko metrics analysis statistically analyzes these three important factors and ranks the coins according to the overall strength of the coin.
If you choose to invest in altcoin, it is important to remember some basic principles of investment. Avoid the hype from those distributed by the coin community. Every investor has an agenda, so it's best not to take their word round. Invest only on coins you have previously worked on. It is not wise to invest in something you do not understand. Making an investment based on the wrong information is a sign that you will lose your hard-earned money. Take the time to research the coins you would consider a long-term investment, and research the market situation before you try to become a high-volume short-term trader. Most importantly, never invest more than your ability to take losses. Too many people lose their life savings by focusing them on a volatile investment.
If you want to make a profit then you have to invest, but invest reasonably. You need to carefully study the project you like, study the white paper, familiarize yourself with the team and then make a decision. I agree with these suggestions and they are good information to note before you invest in a coin. |
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I do not think you should quit cryto for good because you still have a lot that you can achieve from it because it will continue to grow and become more stable.What we are experiencing now in the crypto market is only for a short period of time and it will soon recover and price of coin will increase. I think you should be a little more patience and wait till the market recover to earn reasonable profit when you sell your coin.
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As a new member in this platform, you can learn alot but first you need to have basic knowledge of what it is about and how you work to earn something reasonable from it,then participate actively in the bitcoin talk forum to gain more knowledge by reading suggestions and replies given by participants, then research on the available projects and coin to know the one to invest in and have a good strategy on how long or short to hold a coin and have knowledge of trading.
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In my own opinion, long term trading is more profitable than short term or day trading. In long term trading,you are more relaxed when there is fluctuation in price because you know by the time you decide to trade, you will at a higher price and earn big profit.
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In as much as I do not participate in airdrops because most of them do not worth the stress and are waste of time as they do not really give reasonable rewards, I still believe there are people who participate in it and earn better rewards but if you wish to join airdrops, take you time to do a proper research before and be sure it will reward you before you join the airdrop.
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ADA is also a good coin but does not have as much potentials as ethereum, ethereum is already established and is the second best crypto because of all the good features and potentials that it has and it has good management and blochchain technology. You shouldn't have sold all your ethereum for ADA because it will rise higher than it.
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you can do both if you have enough to invest in crypto. You can invest in bitcoin because it is a stable and potential con and also good to for hold on long term to earn big profit and investing in icos that are potential and you have done your research about can be an additional profit if the project is successful.
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I am sure that cryptocurrencies will change the world. Most likely not the crypto-currencies themselves but the blockchain technology. Perhaps crypto-currencies will be used around the world, but this will not change the world much. Blockchain technology can manifest itself in the state system. It can make public authorities more transparent, thus every citizen can see where taxes and financing are directed. This will help to eradicate corruption.
I agree with you on this because people will appreciate technologies more as new ideas will come up and crypto is also changingthe world as it is helping to balance some financial needs of people. |
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Among all altcoin in crypto, I think ethereum will go to the moon this year as it has a very good potential to rise very rapidly. Other coin that has the potential to also rise are neo, litecoin and waves.
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You can check the announcement sections on all crypto forum, ico ratings or bounty sections in the forum for an overview of available bounties and you can also check the ratings of these projects so as to know some good projects. Before joining the bounty, it is better you conduct a good research about the project and the manager. A good project should have a manager with good reputation.
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coin for long term investment are bitcoin, ethereum, waves, neo, litecoin. These coin are very potential coin,they are stable and reliable. If you hold any of them on long term, you are assured of making profit because these coin will continue to grow and continue to improve their technology to remain the best coin in crypto.
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Yes, you can join bounty at anytime but there are some who do not accept newbies on there campaign, you can check the list of available bounties and read through, you might find some that accept newbies on their campaign. If you find one, take time to research about the projects before you join.
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I prefer to invest in Eth than in ETC because of the good potentials and stability that ethereum has, ethereum has a very strong technology and good management team and a very good blockchain that even icos use it for their transaction. Ethereum is a reliable coin and also the second best coin in crypto.
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Yes, the rate of scam ico is very high that it is really making people to decline from investing in ico to avoid being scammed but if you take time to do a very solid research about a product before investing in it, you maybe among the lucky people in ico. I think something needs to be done to help reduce the rate of this scam icos.
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I guess this issue cannot be easily resolved as the more you try, the more complicated it become as many people are after the reward and wants to make fortune by any mean possible so they join a campaign with multiple account and earn more from the campaign than people who are sincere with their account and this is quite unfair. Bounty managers should take time to analyze participants buy bring up ideas to reduce multiple entry in the community.
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Although the price of coin in crypto is falling drastically and it affects all coin not only ethereum. I will still buy ethereum and hold because it is a reputable coin with good potentials and I know it will rise as soon as the market recovers because the fall is only temporary as crypto is volatile
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It is good to use a wallet which is related to or meant for that coin because using just anyhow wallet might be very risky. You can store reputable coin in coinomi wallet and then erc20 related token, can be stored in myetherwallet as they are very safe and secure.
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In as much as I do not have this wanchain, I think it is a good investment for now especially with the hype it is getting but not sure of what will happen to it as soon as the hype is dead. I am patiently waiting for this period to see how potential it is.
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We cannot predict the future of a coin in crypto because cryptocurrency is volatile and with the current situation of the prices of coin,anything can happen when the market recovers. The fall is general for all coin and bitcoin cash is not an exemption, if the market recovers, it might probably rise as it is also a potential coin and it has good qualities.
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