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It is a simple way for the developers to create money out of the thin air. You should not trust and invest into IEOs even though they are in a big exchange because it is still in a critical stage since they do only prove nothing. Invest into a project that has accomplishment where you can base your decision if you are going to be in that project for long term or not.
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Delisting is not a big problem,if coin is top rated and old.Now poloniex doing bad.But new altcoin will go big,if project is good.Many traders telling newbies not to buy new altcoins because last two years new altcoin scammed and run away. Thats why they told not to jump new altcoins. If you have enough experience then go for new altcoins.
It is a big problem because it will reflect to the project, especially if the project is delisted from big exchange, that's too negative for the investors. Investors wants development or progress, delisting is a bad thing because most reasons are lack of trader's interest that's why an exchange will make a decision like that. That is a legit big problem for overall investors and to the developers. That is also a reason why we should be picky in choosing a coin or altcoin to invest in. Do not trust an altcoin that is listed to a low reputation exchange, always aim for the altcoins that are getting a lot of attention because that means that there is something special behind it and invest into that. |
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The difference is about the stability and also the centralization of Libra compare to Bitcoin. Bitcoin is far way better than libra because bitcoin is a volatile and it gives opportunity for investors and its keepers to earn money long term and it is better in an aspect of being decentralized so there is no one that can interrupt you from taking benefits of being a bitcoin user.
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In terms of market value there is no big difference from present market to 2018 crypto market, the only difference is bitcoin value, many altcoins keeps losing value even the good ones, this year is not encouraging for altcoin fans like myself, all i have to keep doing is waiting for changes
If you are not yet invested in the market of the altcoins then this is a great opportunity for you to invest because the prices are so cheap and it is a one time big time opportunity in our entire life. You should invest a small portion of your cash and hold them long term and you will see the beauty of cryptocurrency investments. |
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Even though it looks like both sinking and a sleeping giant. It is more on a sleeping giant compare to sinking ship because when you talk about a sleeping giant, there is a huge potential for it and that is what I see in ethereum because a lot of companies are building their application with it and it proves that there is something in ethereum that the other smart contract cryptocurrency doesn't have.
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Bitcoin spread. In this case, bitcoin with fraud became widespread. Bitcoin or a different tool for money scammers. Because agents can change. Blockchain presents the new economy. But there are great puzzles. People invest without learning the system. This offers scammers the opportunity.
Once something goes popular, it is common to see people who are ignorant and clueless to jump into something. Bitcoin is one of the most popular currency in the world and as bitcoin goes mainstream, a lot of people are taking advantage it both for good and bad stuff. We cannot prevent those since the community is huge. It is their responsibility to be educated in terms of avoiding the bad stuff. |
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In my opinion, I really don't think a wide variety of currency will make the world better. Particularly to make a country exposed to enormous number of currencies, then their people will just then be confused which currencies to be used and also, they will have no basis on the value of these currencies. I still believe that having a fiat which are regulated will determine the value of the currencies, so there's no reason for us to convert our money to crypto entirely but to just let people choose between different instances whether to use fiats or cryptocurrency.
I believed that the countries will not just switch to cryptocurrency without having a decent study and research about the possible outcome of it. Cryptocurrencies are not always about the money, it also has a technology that any country can use and it can boost their progress both technology and economy. A country should always focus on the overall growth and not only about the currency. |
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yes Japan is a very friendly country with bitcoin. the Japanese government has legalized bitcoin as a legal payment tool. and many speculate the creator of bitcoin satoshi nakamoto came from Japan. Furthermore Hong Kong and Singapore also strongly support cryptocurrency. I will add one more country in Asia that is friendly with bitcoin, namely South Korea. the volume of bitcoin transactions in south korea is quite large. some residents already understand about bitcoin.
Why they are friendly country of bitcoin? because they know that cryptocurrency will their improvements along with their technologies, that's why they understand how crypto may useful to them. I think in more years to come Asian countries will be the top users of crypto and possible to create more demand and usable. The adaption of bitcoin is not just limited to Asian countries, we can also see western countries that will be adapting the wonderful technology of cryptocurrencies. It is true that the Asians know the potential of the blockchain and the cryptocurrencies behind it and that is why they are really reacting and taking action to utilize it. I hope that same action will happen to western countries so we can grow faster. |
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If cryptocurrency vanishes, then it is quite alright for me because I have done diversification and I don't mind to lose an opportunity from cryptocurrencies because I have businesses right now and other sources of income that will become a supplement to my lose income. Diversification is a must and everybody should think about this if ever one of your sources of income vanishes.
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I am glad that everyone voted for the 2nd option. It seems to me that it is not so important when the price rises. The idea is important. It is important that we all want change, that we all strive for the best.
Of course, that's the smart way, if you wanted to make a good ROI down the road. Instead of being disappointed or cash it out because it didn't go on your way. History will tell us that being a holding will give you a higher chance in the future to make a lot of money. So let's look at the bright side, use this opportunity to stash more bitcoin in your wallet. It doesn't mean you need to purchase 1 BTC right away. Just small portion of let's say .01 BTC and then I'm sure you will be on your way to make 1 BTC or more before the next halving. Yes. It is better to do dollar cost averaging rather than buying bitcoin big time. Divide your number goal of bitcoin into weeks or even months (depending on your preferences) and buy bitcoin each deadline and that will build you a good amount of average purchased price and after that, just hold it until the price reaches new all time high because based on the forecast, we can see up to 6 digit price per 1 bitcoin. |
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Well, altcoins will definitely bounce back but should be mostly potential once. I think market generally affected the market and I do believe next year being 2020 will be good for Cryptocurrency and Altcoin as well. Like I initially say, only altcoins with good team will bounce back next year while those that have no good plans may not stand it.
With bitcoin being a roller coaster from these past few days, it will take a few more time for the altcoins to recover and bounce back from the dumps in the market. Even though it sounds bad, it is an opportunity for people who really want to buy altcoins at a pretty much cheap price and hold them until the altcoin season comes and sell it at high prices. |
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If you are going to introduce it into a complete clueless person or a legit newbie then you should keep it simple as much as possible. Explain it that it is a digital money like the one that he got in his paypal account where he can use to buy things or even invest into a stock market like where he can grow his money faster than the traditional stock market.
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If I were you, I will buy USDT first and watch the price of bitcoin closely since we are on a move. If bitcoin dumps to $6800 then I will use that $1000 to buy bitcoin and if bitcoin closes above $7800 price then I will buy bitcoin and hold it until the rally stops and I will sell it for a profit. I will do that buy low sell high thingy until I completely multiply it by at least x5.
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Hold and Calm, Yes! But please don't make the mistake of holding and looking away in cryptocurrency especially if you hold altcoins instead of BTC. Because you might just get back from sabbatical leave to find out that the coin you now hold has been rendered useless by a SWAP you missed. That reminds me, Storiqa swap is currently own. Holders should check their group on telegram and do the needful
If you are invested in a reputable altcoin or to an OG one then you don't need to worry about the risk of losing all of it by not just watching it actively. If you want to hold and to become calm, you should only buy the altcoins that are strong enough to stand in bearish markets and also to have a team behind it that are consistent and hardworking. |
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This is what the newbies or the beginners should do. They should establish a portfolio first with good projects so they can have a long term investment in the cryptocurrency market. Long term investing is one of the least stressful type of method to make money in cryptocurrency and despite the bearish market, any investors can still make a lot of profit if they will just be patient.
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I will choose crypto without doubt over the stock market, because in my opinion crypto is more easily understood by me.
And the most important crypto prices are more volatile than the stock market, so it will be easier to generate large profits.
But investing in crypto does have a very high risk. We must be careful when investing in crypto, do the analysis and research
correctly when deciding to buy coins for investment.
During the time that I was not in cryptocurrency yet, or no idea yet about the crypto, I am planning to trade in stock market, I studied it for months then I saw crypto which catches my attention so I choose crypto over stock market too and didn't go back studying stock market, as I know I can grow more in crypto world. You can grow in both market. Stock market is just like the cryptocurrency market but the crypto is more volatile but they all have the same thing which is candlestick chart. The best way to do this is, do both. Do a swing trading in stock market focus more on cryptocurrency so you can get the best out of those two market. |
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Spending large capital in trading, of course, will provide a large percentage of profits as well, and vice versa if we trade with small capital, the profits obtained are also small. but even if we are able to spend big or small capital of course both have the same risk that will be faced, therefore we must be prepared to bear all the risks that will occur
In my opinion, the amount of profits depends on three things in the world of digital coin trading. First one is asset. Second is trading skills and the third is that you have started your comment with, amount. First two cannot be compromised in any way. With good skills and potential asset like bitcoin, a trader can start from small investment and make huge profit but it will take some time. Loss is for learning. You can still make a lot of money with bitcoin but we must recognize that it is getting harder and as such the capital needed to get the profits that you want needs to grow, as an example bitcoin in the past went from 1k to 20k, that is a movement that with perfect timing could give you 20x your investment. Do you think that bitcoin can make a 20x move again in less than a year? However not all is lost, if bitcoin does a 5x movement in the future then in order to get similar profits you need to multiply your capital by 4x which depending on your capital this can be very easy or very hard. You do not need to stress yourself to just get the same return like what happened from the past. You can still make a lot of profit by buying and investing into cryptocurrency but on altcoins. Altcoins are more volatile than bitcoin and it can easily give you a x2 profit in just a few days. Do some research about the different altcoins that you might get interested and invest on 'em. |
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Currently, fraudulent crimes involving cryptocurrency are on the rise. Cybercriminals are developing new and more sophisticated ways to upset money flow. In 2019, the total amount of damage related to cryptocurrency scams and theft has risen to $ 4.4 billion.You are investing in digital money beware of scams. Protect your money with solid Bitcoin wallets.
I think this is all on us users. I mean if we are really careful, we can avoid these hackers, these scammers, right? They are finding holes so they can get our money, if we don't show that I don't think we should be an easy target for them. The problem here is that as time passes, they have new ways to scam people so we need to educate ourselves about them. Indeed. Do not sleep on learning because the knowledge will become the key for us to succeed in being safe from cyber attacks, scamming and it is also the key to succeed in investing or even trading. Read different articles about the different methods of the hackers and the scammers so you will be able to avoid it once you encounter it. |
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If there will be no huge move from bitcoin to go up after the halving, then I will just use it to do altcoin trading. I will try my best to multiply it for a few months and once I saw a potential move up of bitcoin then I will convert my altcoins into bitcoin and hold them and wait for the result of the rally to think if I will be selling or not.
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It's hard to multitask. Doing different things at the same time especially if you have a full time job outside crypto but you just need a proper and wise time management. But if you're still having a hard time, instead of short term, just do long term investment. I think you can manage your time properly with that. Also you have to know your priorities. If you're already doing it for a long time, you'll get used to it and you'll master how to allocate your time with things.
It is not multi tasking after all, you can manage both day trading job and also being a crypto trader. I also have having hard time to handle both crypto trading and my day job. I allocate most of time in mastering my time management. My focused before is finding a good trading strategy and it is the reason why I have trading setup that is suitable in my time and my personality. You don't need to allocate most of your time just to have a good time management skills. You just need to have a self-discipline and also a list of the things that you needed to do in a day. Rank them from your top to least priority and that is when you will be setting a specific hours of work to accomplish each task. Do that planning before you go to bed so once you wake up in the morning, you are good to go. |
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