Not at all, if you are giving loans in cryptos then there is a very high probability of you making more losses than profit due to the way that the market is so volatile. Lending through crypto is not a viable market for now. There is no way for you to even make sure that you are going to get back the money that you have loaned out to people.
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The best altcoin for you to buy right now would be ethereum. When you are investing for the long term then you have to make sure that you are going for the most viable coin and the coin that is most likely to survive for the long the long term. So ethereum for me is the best altcoin for the long term. Either that or you buy coin like neo or monero.
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This is very useful information and it is important that you have posted it here, thank you for that. If we all start posting the icos when we discover that they are scams then there will be less cases of people investing into scam icos and losing their money. That way we can easily help to eliminate the scam icos since if no one is investing in them then they die out.
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There are a lot of coins to buy during the dip and mostly I just advise people that you should just buy the coin that you have always wanted to buy before the coins dip. This gives you a good opportunity to buy into the coins that you have always wanted but could not afford. A good list to follow when you are buying coins during the dip is the top ten coins, they are the ones that last the longest.
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A product is very important when it comes to a coin because if the project is not good then there is no way that the coin is going to last. The product is what backs up the value of the coin. Once the product is failing then the coin too is failing which means that everyone who invested in the coin are going to end up with worthless coins in their possession so yes the product is one of the most important things in a project.
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Just make sure that you are sticking to the top coins in the crypto industry when you are doing your trading activities. $10K is a lot money and you would not want to end up losing that money because you invested it in some scam coin. Also make sure that you are always keeping some part of that in bitcoin as that is the best coin you would ever invest in.
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Personally I am looking at us going into another recovery soon, taking into account that there is always some kind of recovery at the end of the year when people are more likely to invest in the coins. But there will not be any bull as so many people have been predicting, no one should be expecting a bull. The next bull will be years from now.
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Eth just seems to be going even lower as time passes and no one can tell what exactly is going on with the coin. I personally think that it has a lot to do with the rumor that was making the rounds a while back about the creator of the coin leaving the project to work with google. A lot of people believed it even though it wasn't true which led them to panic selling their coins thinking the coin will crash
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There are a lot of things that is going on in the market which are affecting the prices and one of those is the fact that so many people are dumping their coins and taking out so much money from the market. I don't think that the crash is done yet and the price of the coin is most likely going to go even lower with time. We should all get ourselves ready for the inevitable long bear market
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So far it seems like holding is the best thing that anyone could do at this point. Hold the coins that you have, do not sell, it is not like you will be making any profit when you are selling the coins in a bear market anyway. My own policy is the same as yours, hold and wait for the coins to recovery. I am here to make profit which means I am not leaving without any profit
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You should invest that money in a cheap but promising coin, since you don't have much to invest with. You should also invest some of that in ethereum, since ethereum is really cheap now you can get a whole coin and then have money left over. Invest the left over money in a coin like dogecoin and just hold the coins for the next bull
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Does not look like a recovery to me it just looks like the price corrected and it managed to correct at a much lower price than I expected and now the coin is back to following in the footsteps and bitcoin and following every move. The next time we are going to see a recovery in eth is when we start to see a recovery in the price of bitcoin, otherwise there would be nothing
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Ethereum is not on its way to zero, there are way too many people invested in the coin for it to go back to zero. That is the factor that matters the most when it comes to the value of a coin, the human factor. As long as people are still buying and selling and trading on the coin then there is always going to be value to it and vitalik is right
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It does not mean that it is not the best time to invest, it just means that the price of the coin went down more. You should also be ready because I do not think that the price of ethereum is done falling yet. There is no way to tell when the best time is to buy the coins so you just have to convince yourself that the time that you bought the coin is the best time for you
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It is not. if it was a scam I am pretty sure that by now the coin would have died out but the investors know that the coin is a good one, in time you will see even more growth with coins like this. The idea behind it is great and the creators are dedicated to making sure that they do what they have promised which is the complete opposite of being a scam.
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I don't think that what happened in october last year is going to repeat itself this year. There has already been a bull market and even though we all want to see high prices we have to understand that there is a high possibility that we are going to spend the rest of the year in a bear market which might end up running for a couple of years before we start to see signs of bull.
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It does seem that it is so. The altcoins are simply following the lead of bitcoin but it seems like even after they have fallen according to the price of bitcoin, a lot of them tend to continue to fall more even though bitcoin is doing better as is the case of ethereum right now. We are already very close to the bottom and what we should all be expecting now is growth.
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It is better now to just invest in the coin and make sure that you are keeping the money you are using right now away from icos. Icos now are way too hard to get profits from as there are now way too many scammers hiding under the guise of icos and making off with people's money. It is better to just hold the coins that you have and wait for the bull
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For me the altcoins that I would recommend to anyone are not much but they are a good bet Monero Litecoin Ethereum ADA They are good coins,they are the altcoins that I think have the most potential to do well. It is the coins that I have a stake in and just a little bit of research will show you how good these coins are.
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They can be used as money. If you are only thinking about bitcoin and ignoring the thousands of other coins in the market then that is not being fair. There are coins like tether that are stable and can be effectively used as currencies without no problems. The only problem I see now is that people are not using their coins as a means of exchange instead they are using them as investments.
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