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It is due to so much demand of the coin. If demand of a coin surpasses the amount of supply of the coin then the price of that coin will shoot up and that is exactly what happened with bitcoin. The more the prices grew, the more people wanted to get in on it and the more the demand for bitcoin increased that the price just kept going up before the crash in january. It's the same law that governs any asset or commodity
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Thank you for sharing this because i have been seeing a lot of people who say that bounty campaigns are not good and they do not pay out which is laughable, a lot of people are making a lot of money from bounty campaigns and are getting chances to be in projects that they couldn't have been able to because they do not have the money to invest, bounties are a good way to get coins.
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Not all of them really are scams but a good number of them are scams and by good number I mean the majority of these new coins in the market are scams which is why you should be very careful when you are buying into new coins. Also when buying new coins, you should never buy them to hold for the long term and should sell them as soon as you make profit because a lot of them will not last very long.
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Sorry that you missed out on so much profit from selling early but this is why we always tell people to be patient and not rush into selling their coins because there is no way to tell where the price of the coin is going. Hopefully next time when you want to sell your coins for a small profit, you will remind yourself of this and wait just a little bit longer for better prices.
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Binance all the way  Jokes aside, there is no better exchange out there than binance. It is the undisputed biggest crypto exchange and there is no other exchange that carries more listed coins and tokens on their platforms than binance does which should make it the best choice. The other two are also good exchanges but binance still remains the best exchange. |
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For cryptocurrencies to be used as currencies which they were meant to be in the first place the need for a stable coin is greater now more than ever because there is no way that sellers would want to accept a currency which value can drop in the blink of an eye. It does look like it would be hard to find one stable coin but that does not mean that it is not needed.
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They won't kill cryptocurrencies, although they can ban cryptos and banks from allowing people use their services to purchase cryptos but that does not mean that crypto will die, possibly will just continue existing on the internet and just been used as an internet currency and that's that. Governments have no reasons to ban cryptos though, they will just regulate its trading.
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At a point this would have rung true to me and I wouldn't have disputed it but that is not the case now. Look at the last time that bitcoin was at such a price, there wasn't up to half the number of investors in bitcoin as there is now and the market cap was much lower. With the amount of people coming into bitcoin everyday and the new money coming in everyday there is no way that it goes back to such low price.
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Can't be sure of this. Same thing was said about the previous week that a bull run was coming but we all know how that went, prices dropped back down and is only now starting to pick up and recover again. We have been shown times without number that there really is no way for anyone to predict the market and to know where the prices go so we just have to wait and watch.
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Since there have not being a lot of bad news in the market right now I would say that it is because a correction is happening or maybe since with the increase in price some more people have decided to sell their coins and pull out of the market. What I do know is that the price won't fall far down and it will start recovering and going back up again soon.
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Not at all. Right now the only bigger and better project than ethereum out there right now is bitcoin. And the gap is due to bitcoin being the first cryptocurrency and so it is still the coin that people trust the most. Ethereum is expected to do a lot more than it already has right now. It doesn't surprise me at all how much it has grown and it will continue to grow.
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There is no way that anyone who wants you to actually make profit in the cryptocurrency market that will tell you to stay away from ethereum. It is a very good altcoin to invest in and I believe that we have barely scratched the surface of the possibilities when it comes to this project and there is so much money to be made from it. It is hands down the best altcoin out there.
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the market will not collapse but maybe will only decrease in some level price because we already seen that the price can moving from the highest price to the lower price. and if for now, the market still in the lower price, then the market still have a chance to get increase again but we need to be patient to wait for the price is moving higher. there will be a good chance for us to buy more for each coins while the price is not too expensive and what we can do next is only waiting the price increase back.
Read my mind. The market is not collapsing now or anytime soon but that does not mean that we will not see some brutal price dips as time goes on. After recoveries, we should always expect the prices to drop drastically and stay down for a while too so that is when we should all gear up to start buying coins again so we do not miss out on great prices. |
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You can hold btc until the end of the year. Or part of the coins to sell and buy eth, because the price for eth is growing faster than on btc.
As much as I think that holding is a good way to make money from coins, 12 bitcoins is a lot of money and I think he would be better off actually investing some of his coins into other projects maybe for the short term and he stands to make a lot of money from them. Also he can invest in ICOs as there are a lot of promising ICOs out there that he can make a lot of money from. |
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For long term investments then you are better off sticking with the top coins in the market. The coins with the best projects are the most likely to be around for years at a time so that should be where your money should be going into if you are looking for long term investments. Your best bets right now would be bitcoin and ethereum as they are the best coins out there.
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Personally i see crypto as the invention that will change the world as we know it. It will revolutionize the way we view currency and transactions. The blockchain technology is one that is so remarkable and can be applied in so many aspects of our lives and in the world. It can be used in the banking system for better transactions and in other sectors as well.
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im not an altcoin guy but im suddenly interested , as i can see on coinmarketcap there is ripple just after bitcoin then after it litecoin and ethereum , still isee a lotof people speaking about ethereum more then they do about ripple i just checked the website on ethereum and for some reasons i didn't understand anything , can't even find an executable file to download and if it's on beta will people lose their ether later (that's if they are storing them anywhere)
There is no comparison between ETH & XPR one is decentralized whereas other is centralized.ETH is very solid coin and its community is increasing massively.Today many ICO are distributing their payouts to participants using ETH platform.If you wanna get higher return from ETH invest in it and hold it for coming few years.XPR is controlled by bankers and its basically hyped and holding it for long term would be folly. I've tried times without number to explain this to a lot of people, there is no way that ripple can even be equal to ethereum, let alone surpass it. Ethereum changed the altcoin game and actually changed the way we all look at altcoins. It is the best altcoin project out there and there is no coin that can compete with it, only bitcoin can boast of surpassing ethereum. |
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Well I think it will be the same thing that has happened to the market in the past couple of months and years also. There will be times where the market will be up and people will make money from it and then there will be times where the prices dip and people lose money. Not much will be different except maybe prices and market values of coins but movements will remain the same.
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How about you complete your college, get a good job and invest the extra money from that job into your crypto adventures? But if you just get into crypto investments directly instead of college what are you going to do in bear phase? You arent always going to win by shorting the markets.
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Crypto trading isn't easy and its not for everyone. Trading such a volatile market isn't easy and one shouldn't try doing it unless he is a pro. Anyone is better off just hodling their coins as they are likely going to make much better returns on their investment that way.
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