For now I really avoid IEO or ICO in any exchange. Because I avoid the greater risk to value the assets. It's better to do a trade that we can control ourselves, what coins we want to buy. That would be better, than having to force to invest in ICO or IEO.
No matter what you choose to invest in this market, it is always risky. But if there is any IEO currently running from major exchanges, I will definitely join it, IEO is also risky but it will help investors to gain huge profits when investing in. it. And especially not everyone can participate in IEOs from big exchanges like Binance, Okex, Huobi ... you have to be lucky and qualified. although this step can reduce the risk of fraud, but we must remain cautious, because there are also many projects that deliberately listing on large exchanges with the aim to attract as many investors, and ultimately scam |
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Exchanges that offers insta swaps are better, e.g changelly and shapeshift, dex exchanges are still far from perfect and currently they are plague with lack of volumes, the only successful thing about DEX is better security
Ofcourse DEX is good for security hackers are smart also if they can't hack DEX (Decentralised Exchange) Hackers will attack users or investor thru phising link thats is easy to create and easy to copy all dex exchanges website face. And this is hard for us to find the legit one especially if we are in hurry. So the only thing we can do is to save Dex website link, or bookmarked this. right, habits of error in individuals. many are less thorough when logging into the real web. besides that many unclear emails tell us to follow his direction by offering attractive prizes. therefore we must take care of ourselves |
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But do not forget that still you can made a huge profit on altcoins. Newcomers come again in the next bull run and similiar hype like in 2017 we will see. They won't know what they're buying at all in the future  . And we will sell them these altcoins and buy Bitcoin!  No one knows when the next hype will happen or it will happen again. There will be always new investors but i am more affraid for old investors that decided to leave this kind of investment becaause of affraid of loosing more money. It will be harder for them to get back the trust on them to invest again in crypto. that too has already happened when many ICO projects were fraudulent. investors left ICO and switched to IEO, but I am also sure that many investors left investing in the project despite switching to IEO, especially with the price of bitcoin falling further at that time |
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My expectation level is damn high for this year, I believe we will see a good boost in Bitcoin price but yet I want to stay at the earth because no one knows what the bull run will bring this time, history doesn't repeat always, so, there can be no bull run, chances are 50-50%!
with halving bitcoin I think if we are very optimistic about the market this year there is no harm. maybe the effect of halving will not be seen immediately but after normal trading, there will be an increase in price. we are waiting for all the moments to get better this year. Yes, you are right. The halving effect would not be immediate, it can take 5-6 months! But I assume there will be a boost in the crypto market because of the hype of Bitcoin halving. As everyone knows the halving effect was always best for the crypto. But again, over hype can harm the potential of crypto like before. the foremost is seeing an increase in bitcoin demand because of the halving. of course investors will be interested not to miss a moment. we see now prices have crept up, and it is expected that bullrun will occur this year, I think the power of the news will work, and hope this year is a good year |
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BNB was one of the most profitable exchange tokens before a while but now the value has dropped by over 50% as it's trailing at a mere $14 as of now and the same was above $35 in the month of June. If this trend continues then the BNB will lose its potential and investors. BNB was one of my favorite tokens which have crashed terribly, what do you think will be the future of this token?
its normally because bitcoin price falling down too, so BNB and another coins also going to down. in my opinion when bitcoin price go up, BNB will also go up honestly, i am still believe in BNB, BNB is one of my favorit altcoins, i buy some and save for future. i think bull run will bring BNB increase high price even higher at june. in BNB prices declined due to factors that must be investigated first. but the most visible is the impact of the decline in the price of bitcoin which has an impact on altcoin. maybe we have to wait for the price of bitcoin to rise, maybe Binance users can increase again, which can make a BNB pump. difficult to push binance user to use and buy BNB for many quantities and hope that can makes many change with BNB price . ussually people buy BNB next after that people will sell their BNB again so make bnb price falling down so efective way is wait bull run coming maybe in 2020 or 2021 only wait and save your bnb because bnb is profitable as long as the confidence of the BNB product is maintained, I think it will be profitable to be held in the long term, especially with the increase in the price of bitcoin, which will influence the price of the BNB to grow |
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A lot of my friends disagree with me, but the definite solution during dips for me, is your local currency or fiat.
There's a need to always get your profits out.
Usdt or other stable coins I believe are for temporal threshold of your MOney
store assets on usdt, it would be profitable if done temporarily to wait for a decrease in coin until we buy it. rather than being held in fiat form, I think it requires more process if you are going to buy crypto again |
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Note: This is not about how to identify good coins to HODL
This is about how you can be a good long term holder
1. You must have another source of income
Either in crypto space or outside crypto space you must have other source of income,there was a time when i used to rely on coins i hold for monthly income but most time they failed me because some altcoins takes more than a month to add value. You can learn trading or find a better job to get constant income for your daily needs.
2. Not all altcoins are good for long term holding
Some altcoins are too weak to have better value overtime,these coins only add value to price once in a blue moon,WHY?because the power of demand is too low and they have no working product,i belief that working product is what makes a coin have many more investors
3.HODL Only Altcoins With Real Use Case
There are different categories of coins with use cases,many use case are weak use case,for example using fashion designer to back a token is a weak use case to me because it means you can only use the token to buy the designer wears and many will call this a real use case? no it wont do very well.
Make sure that the real use case of every altcoins you hold will be very reasonable,the products backing them up must be something that is different and will catch the eye of investors,the usefulness must be outstanding .
4. Stay Updated Always
Opportunity comes but once as many know it,so always stay updated about crypto,read crypto news online and keep tracks on your altcoins so that you wont miss future updated or even token swaps,some altcoins i hold have already switched to MainNet and im glad i dont missed the opportunity,you can use blockfolio app to track your altcoins.
Altcoin season is what many are waiting for,even new projects are waiting for altcoin season to return before they get listed on exchanges,im sure of one thing and that is good things dont come easily,today is bitcoin turn to reign and one day altcoins will have its day as well.
If you don't have another source of income than how you will survive in cryptocurrency world. After Bitcoin halving another source don't be needed, because price could be run of Bitcoin. My experience is also saying number 4 option, I missed huge profits because of stay update. indeed at this time bitcoin is used as a long-term investment tool, and indeed we should have other fixed income so that we can continue to hold bitcoin. except if we do daily trading, of course this can meet daily needs, as long as they have skills |
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I don't understand the logic in claiming something like this. Let me ask you guys a very simple question. How can Libra disrupt the current financial/economical system, when it is a part of that very same system? If you are talking about Bitcoin, then it can be claimed that Bitcoin is falling outside the current system. But Libra is just a digital version of fiat and very much part of the current economic system.
right, the system used by Libra is the same as the current economic system, which can be controlled, it's just different form. in fact many people think that libra will disrupt bitcoin to develop, we can see later the continued development of libra which will reportedly be launched this year |
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I don't think we'll ever turn to non-cash payment forms. Nonetheless, not in the foreseeable future. The percentage of using non-cash payment forms will increase, but there will be no disappearance of state cash. They will always be in demand, because in reality they are very easy, and are not dependent on any hardware, there can be no technological glitches, we are not dependent on anything, there is no control of the transaction. Sometimes cash is really useful
I do not think that the cashless economy will happen easily, there are many obstacles that still the bitcoin and the cryptocurrency should surpass. People are still not ready to accept bitcoin as payment due to their lack of knowledge. If they will choose between fiat and cryptocurrency they will still choose fiat because they got used to it. I think the main key to the government, if the government has not legalized it, the people can not do much. whereas the government itself does not like the decentralized system because they cannot control it |
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I use bitcoin as a payment for utilities and there is nothing like this. I also use Bitcoin as a payment for everything that interests me in everyday life.
This is so exciting and relieving to see the practical applications of bitcoin in real life. We need more and more people to use bitcoin for paying the dues of their daily utilities and needs so that other people can get attracted to this currency as well. We need more and more people in this market to get it legalized all over the world. Legalization will further increase the value of bitcoin leaving all of us richer. I would love to have the opportunity to use bitcoin in my everyday life but there are no businesses accepting bitcoin in my community, in fact I have even take the time to ask if those businesses focusing in technology have any desire to accept bitcoin as a form of payment and most of those owners have never heard of bitcoin and that is really disappointing because it means I will not be able to use my bitcoin to buy the stuff I want in a long time. Everyone expects the same and the same as me to be able to use bitcoin as a payment in everyday life like fiat, but for now I can only use it to convert bitcoin to fiat to use any payment. but with the growth of bitcoin that continues to grow well and sooner or later bitcoin will definitely function as a means of payment, it only takes time and patience to prove everything. there are still many pros and cons now that bitcoin can be used like a fiat currency. every country has its own reasons so it cannot be used as a currency. certainly at this time many countries have started to release the dollar as the main reference currency |
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As of now, it seems that the cryptocurrency threatens the government but in fact, the government threatens the cryptocurrencies around. Even there are tons of projects and ideas related to cryptocurrencies, as long as the government doesn't give permission to them then it will be a waste of time for the team of cryptocurrencies. Cryptocurrencies still fall under the government.
many governments are not ready to use cryptocurrency because every country has different problems. so that many governments are not ready to face cryptocurrency, on the other hand the government is not compatible with the decentralized system |
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My biggest mistake is being greedy, when I have altcoin and have a pump, I don't sell it immediately, or change it to bitcoin, and finally now some altcoins are worthless, so sometimes regret comes up, but we must rise
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Bitcoin never ends. Bitcoin has already been on this market for years. Bitcoin now requires a new story. New investors have experienced huge declines. People who have suffered may have withdrawn from the market. It is necessary to awaken the interest of people again.
Bitcoin as you said is never going to end or vanish from the world because people are still obsessed with it and know crypto currencies from its reference. Bitcoin is the father of all coins and it just needs some little up gradation in order to attract the interest of investors again. I am hoping that halving will take place soon and put things on track again. Real bitcoin supporters are still with this mighty coin. more and more countries are considering bitcoin as a means of payment, given that they currently think not to depend on the dollar. but indeed gold is the main choice, but with the presence of bitcoin, at least provide an alternative choice, so I don't think bitcoin will be destroyed |
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Yes, China controls over 60% of the bitcoin hash rate. If they disconnect the network, then this will affect Bitcoin.
Controlling the mining hash rate is not the same as controlling Bitcoin. And moreover, this 60% doesn't come from a single mining pool. There are several giant mining pools in China, and most of them are not in good terms with each other. And none of these mining pools (AFAIK) are controlled by the Chinese government. So there is no logic in saying that the Chinese government wields any noticeable influence on Bitcoin. That's the part people misunderstood that having the highest mining rate doesn't mean China can control bitcoin and if the Chinese shut down all their mining factory as factory once threaten, it will only lead to another rally in the bitcoin markets. However, the last time i checked their government still detest bitcoin but endorsed blockchain and with this i believe they only want to profit from bitcoin not control or endorse it. I don't think China can control bitcoin, even though in their country there is the biggest mining. the most difficult part to ban bitcoin is the people who are comfortable working here, they want bitcoin and blockchain to be accepted. I think people can do something to continue the life of the crypto world even if it's forbidden |
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no, I don't use bitcoin to buy my daily needs. but with bitcoin I can make ends meet every day, namely by exchanging it into fiat currency. I think for now Fiat money is more flexible for payment tools than bitcoin. especially in my country the government has not legalized bitcoin
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I have lived my life hearing that USA economy is going to collapse and USD will collapse very soon but after 35 years of my life I haven’t seen reduction in US dollar strength rather it has increased. EURO has its own strengths but I don’t think it has the potential to replace bitcoin. For next 5 years US dollar will be the king after that I can’t say anything.
Yeah we probably won't witness the demise of the dollar in our life times. They can always kick the can further down the road, due to people still trying to get every dollar they can get, just because their paper is even worse. Who knows. Some catalyst might just come in our lifetimes that would start the dollar's fall. It might be bitcoin, or some other crypto, or Gold or other physical asset. One thing's for sure, the governments and institutions that are backing up dollar and fiat in general, won't let that happen anytime soon. So that catalyst would have to be pretty grave and drastic for us to see it in our lifetime. at this time many are starting to oppose the dollar as a currency reference, many are proposing gold as a replacement because it is more stable than the dollar, and some others choose crypto as a substitute for the dollar. indeed if we look at the fluctuation of the dollar index last year is quite large |
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When compared to other Altcoins, BNB is one of the most popular coins with fairly stable prices. considering that there is always a burn and buyback program in BNB every 3 months. But if you compare it with Bitcoin it certainly can't be said 'The next Bitcoin "needs a long journey if you want to. And that's impossible I guess.
bnb is actually not stable enough, we can see the price is quite falling now, the 3 monthly program still depends on the btc trend. I prefer to see it from a utility that never stops being used. As to how they can be globally dominant, it cannot be determined yet because the goal is not the same as bitcoin directly, bnb still needs more sophisticated expansion of uses. I think all coins in the crypto world are downtrend. same as BNB, which can not be separated from the influence of bitcoin. but I see BNB as an altcoin that has the potential to invest, but I don't think it can outperform bitcoin, or replace it |
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During this year most of altcoin were dominated by downtrend and top 30 also not so different that invest for them not so profitable but indeed this is the risk to invest at cryptocurrency so liked it or not you have to accept it however if you were really invest at top 30 altcoin on coinmarketcap then although the price down but some of them still deserve to hold for much longer because i'm sure at least one of them can able to bounce back for next year
to reduce the risk I think we should streamline the target. Maximum investment in the top 10 ranking, so that with the downtrend situation like now we can still calm in dealing with it. if we are still in doubt, we can focus on investing in bitcoin |
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Is that a hard fork? I thought it was just an upgrade from the very beginning, but regardless that's something what we called an improve to the current system of ETH so such significant improvement should result to a better price appreciation.
right, with an increase to ethereum 2.0, it is expected to improve ethereum performance, so that more investors are expected to need ethereum. but from several times hard fork, it seems like it always doesn't happen, hopefully this time it can run smoothly |
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all you need is patience, no one knows when BTC back again to 20k. we are here just speculate what would happen
then, you need to learn so your investment decision is better. not like this which looks like not knowing what youre doing
I hope see you be better investor/trader in the future, as long as you always learn from your mistake
You have a point. Having patience and continuous learning is one of the keys toward success. If you are a patient person then you will not be bored in the learning process and repetitive mistakes because that is the common stages of becoming a better version of yourself. Just an additional, do not wait for the price of bitcoin to go up to 20k, learn how to make your bitcoin grow into a 20k or even in value. patience and clever use of opportunities is the key to success to get money. no one knows when bitcoin will grow to $ 20k, but we can use the major area for long-term analysis, don't be greedy waiting for bitcoin to reach $ 20k, use the opportunity to gain a lot of profit |
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