From the list, I like Bitcoin, ETH and XMR. I am quite surprise that Neo is not in the list, it is a good project and I think it is worth investing especially when price is low atm.
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I am optimistic about crypto future and think that the prices will soar again. The thing is we won’t know when the market will pick up again. But for sure, this is a good time to buy the coins at a low price.
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Out of the 1000s altcoins, there are quite a number with use case. So, I don’t think all altcoins are useless actually. Is it worth buying altcoins now days? I guess no, because all of them excluding tether are following bitcoin price chart. I mean if bitcoin is going up or down, altcoins are doing same. I do think it is worth buying altcoins. Most of the better altcoins dipped hundred to thousand % from the ATH, whereas Bitcoin dipped around 80%. I believe when market recover, the altcoins will be pumping harder.
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Thanks for sharing your prediction, do you have any basis to support it? Please share so we can learn something out of it. I would like to highlight to other members that we shouldn’t be relying on price prediction to make investment decision.
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I did keep a copy of my private keys and seed words for my family. I kept the copy in a safe place but the only worry is that my family cannot find the paper or don’t understand what is in it. I did teach my family to use my crypto desktop wallet and hardware wallet, but I don’t think they are learning seriously.
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Having an escrow only guarantee that you will be receiving the tokens. To determine whether project is scam, I guess you have to look into more aspect such as the business model and why is the team anonymous. It is better not to invest if you have doubts in the project.
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Well, I guess most of the things in our life come with risk. I believe the bigger the risk, the higher the return will be. Most of us here are investing in crypto which is relative new, I must say that most of us here are risk takers.
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IMO, Cardano is one coin that is worth investing in. However to go all into one coin is risky. I won’t advise to go all in, unless you are prepared to lost all.
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It will be a good news for crypto if ETF approved. Hopefully ETF will help to end the bear market and bring crypto to its previous glory. Meanwhile, let’s cross our fingers.
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Yes, that is a green candle but we will never know whether it is the start of bull market or a bull trap. I think we have to monitor the market further to determine. Hopefully, the bull market is back.
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There is no limits to the profit you can gain. If you buy Bitcoin at 5x and it suddenly pump $1000, you get to keep all the profit. Likewise, you will lost it all if the trade fall below the liquidation price.
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IMO, Justin Sun is well known for marketing and create fomo for TRX. I didn’t buy BTT, it is overhyped by both Justin Sun and Binance. Stay away from this guy, he is good at pump and dump.
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I guess there is no different way in choosing a small cap coin for investment. I normally look at the business model, historical price, road map and how active the team is. White paper is the first place to start reading. Good luck!
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Since this is your first investment, Bitcoin is a good investment to start with. Perhaps, you can spilt your capital and invest 50% in Bitcoin and 50% in top altcoin such as ETH.
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I find that some traders fail because of insufficient research on the coin they are investing in. Another reason I can think of will be panic selling when bad news surfaced.
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Masternode or POS coins are good to earn passive income. But you have to research before investing as there are a couple of Masternode/POS coins that have no volume. Personally, I will go for Dash for masternode coin and Neo for POS coin.
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Normally, people learn trading by reading books and practicing. If you are finding a mentor to teach you trading, it is better to find a reputable one and be prepared to pay. IMO, learning by yourself and use the fees for practicing will be a better option.
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Intra day trading and long term holding suit different types of investors. If you don’t have the day trading skill, it is better to invest for the long term.
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Yes, I do think that smart contract has the ability to take over traditional contract. However, it take time for the world to adopt and accept smart contract.
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IMO, both dividends and burn coin methods are good for the project. I think the project has to apply the method more applicable for its business model.
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