|
Altcoin season will probably next year because there is a potential bear market for the cryptocurrencies right now but the good thing about this dumping phenomenon on cryptocurrencies is we will have a chance to get some cheap cryptocurrencies in the market and keep them for long term holding and probably get a huge profit after the altcoin season hits.
|
|
|
|
|
My source of investment money is probably all came from my business. I have 2 business which is an online shop and also I flip goods where I buy them from a low price and then sell them to a high price for a decent profit margin. I apply flipping in cryptocurrency because I have a skill to know if it is worth it to get or it is too expensive for me.
|
|
|
|
|
Bitcoin will not break any country's economy because bitcoin will actually help them to maintain a certain amount of their money since bitcoin holds its value and it doesn't lose value since it has a limited amount of supply. Bitcoin will also help them by giving them an idea on why it is good to have a blockchain technology in almost all the things because of the security and convenience.
|
|
|
|
|
Cryptocurrency threatens the governments because most of the cryptocurrency are decentralized. If the cryptocurrency dominate the world then the power will be brought back to the people and not to those government officials and they will no longer have control to the people. The only danger is if the people will become abusive to the power of decentralization.
|
|
|
|
Any suggestion for things that we could invest and make money at the same time
I think you can make an investment while earning money at the same time. But, in fact most of investment takes time to earn money just like investing in cryptocurrency. You just need to be patient in doing investment simply because the more you wait, the more income you can gain. It is really possible to make money and also do investment at the same time. It is the recommended method by some of the successful and rich people that I know because that is how you are going to build your streams of income and once your passive or semi-passive income is outperforming your pure active income then that is the time where you can start to settle down and prepare to retire and enjoy your life. |
|
|
|
|
It is very rewarding to live on cryptocurrency instead of the banks because cryptocurrency is more promising in terms of making more money rather than putting your money into the banks and trusting them that they will give you money. Cryptocurrency is undeniably volatile and it fluctuates more than the stock market but that is why I fall in love with crypto because in such a few movements of the price, you can make at least 5-10% profit from your capital.
|
|
|
|
|
BNB will still BNB, it will not be the king of all coins because its power is limited to the exchange of Binance only. There is a lot of coins to consider that they have the potential to be the king of all coins but even those type of coins are still struggling to survive to these fast pace type of market so I think that in the long run, bitcoin will still be the king until there will be a new coin that has a lot of great features that people would love to dig into.
|
|
|
|
|
It all depends on your goal. If you have a short-term goal then you should choose an investment that is good for short-term only that will fulfill your target but if you want a great gains in your investment and if you want to maximize the potential of your portfolio then you should always aim for long term. For instance, you invest in bitcoin and if you have wait long then you can now say that you are filthy rich.
|
|
|
|
Often times I read various posts of people/traders/investors preaching HODLing some altcoins for years and so on thus I took some to research on altcoins 3years and guess what? Most of the altcoins in 2016 are no more to found anymore. You can take a deep look as well via https://coinmarketcap.com/historical/20160103/My candid advise is to trade with the five senses intact and not with emotions. Don't get on some shitcoins with the intention to hold for years else you might get rekt. If you want to hold altcoin for a long time, you need to choose carefully because it will probably die at any time. I myself never hold altcoin for a long time. Only BTC or ETH That's right, I'm regret because there are too many hold altcoins and many have died because they prove to be a scam, for the long term surely hold top 25 is the best choice. Even holding the top 25 altcoins in the market is not a guaranteed investment. Most of the altcoins that are going into that ranking is based on hype and you should not follow the hype because most of the time, when the hype is over then the price of the altcoin will start to go down. It is better if you will invest some time to investigate and do some research to check if the altcoin is worth it to hold for long term investment. |
|
|
|
|
Study the basic fundamentals first of technical analysis so you will have a better perspective of the market. Investing and trading are mostly likely the same because you also need to read the data that is given through the chart of the cryptocurrency and if you know how to do technical analysis then you have an edge to other investors and that means that you will have a higher chance of making a good investment entry.
|
|
|
|
|
Bitcointalk Name: meliodas
Rank: Sr. Member
Stake Name: alwayshunnid
Wear signature & avatar: Yes
|
|
|
|
Who is really hopeful about the future of Bitcoin and why?
of course many hope that the future of bitcoin will improve. the problem is that most people now have saved a coin for quite a long time, and of course they don't want to get a loss, just because prices are down. so their hopes are only coin increases. That is a no brainer for an explanation. People who bought anything hopes for the best for their asset. If they bought shares at the stock market, they are all hoping for the price to increase so they will get some profit and the same logic applies in investing to cryptocurrency. All of us want the best for bitcoin but the only problem is, most of us are doing nothing to spread awareness which is a high contributor for the success of bitcoin. |
|
|
|
Since we are in the world of cryptocurrency, I would suggest to invest in any cryptocurrency but with focus on coins that are already known like bitcoin and pair it with an online business as you may, for example online product sales with bitcoin as payments. Other interesting investments could be a local store that accepts digital currency payments as well.
Investing in well known coins is a good start because you will build a solid foundation for your cryptocurrency portfolio. It is also good investment to build a store either offline or online but for me online is better because it doesn't cost that much and it is easier to manage and accept cryptocurrencies as a mode of payment and keep those cryptocurrency payments for long term holding. |
|
|
|
Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?
Hyperinflation is the biggest factors that makes currency become worthless. In this case bitcoin is safe because the limitation amount of bitcoin make it tend to deflation. Although deflation of national currency is not always good for economy but since bitcoin is only an alternative currency then it's deflation even give good effects for it's holders. I think bitcoin will not be worthless because currency competition and political issue aren't directly influence bitcoin price. Bitcoin can still be worthless even the supply is limited. Bitcoin can become worthless if there is no demand in the market of bitcoin because based on the law of demand and supply, the more supply the lower the price. Just imagine no one is buying bitcoin and all of them are just selling then it will end for bitcoin to be worthless. |
|
|
|
The downtrend market is a very normal phenomenon in the overall market movement. But for investors, this is a very unfavorable time because it is difficult to buy & sell and take risks if trying to buy a certain crypto code. The downward market often drags most crypto down.
So what to do to survive and live well when the bearish market happens??? Here are some tips for you.
1. SHOULD NOT CATCH THE BOTTOM IF YOU ARE LACK OF KNOWLEDGE AND EXPERIENCE:
Normally, investors like to catch the bottom. Catching the bottom is a normal action, even helping investors buy cheap cryptos, but it is a huge risk. Therefore, if your knowledge and experience are not enough, it is the best not to see the price drop too cheap and buy it, because in fact you cannot know how much the price will drop.
The thing to do in this period is to jump outside and wait for the price to stop falling, start to create a solid price base or show signs of increasing to consider whether to buy or not.
In the three states of increase - decrease - sideways, the trend of rising prices always gives us the highest probability of buying cryptos.
2. FOCUS ON READING BOOKS, SEEKING FOR INFORMATION, GETTING MORE KNOWLEDGE
Our knowledge is very limited, no one can claim that we know everything in this market. Instead of watching the price board, charts, just find a book about investment, or crypto trading to learn more knowledge from previous people in order to upgrade your level to new heights.
When the crypto market starts to bullish, with the knowledge you have just acquired, will you invest better when you don't know anything?
I think newbies should know about the first tips that you wrote. It's almost impossible to predict bitcoin price, even stocks market players also avoid to buy stocks which the price is going down. It's bitcoin, even the risk of this investment is bigger so actually the right time to buy is in the bull market and the next step is try to find correct time to sell it again. The second tips is little but hard to do, I meant is although we already read all articles, news and etc in order to get more information but there is also a big factors that influence bitcoin price which we called whales. We don't know what is their plan. We will never know the plan of the whales because they have different strategy than us and they can do whatever they want because they have a group of whales so what they decide is what is going to happen. Whales are so powerful and we should not rely on news because it might be a trick of the whales to manipulate the market since they can create fake news and spread it out. The best thing you can do is to learn how to read charts to have a more realistic prediction about the market. |
|
|
|
As of this moment, yes if you are talking about fiat. I think if a huge trend using either digital payment or cryptocurrencies can make me not use cash anymore except small stores in our area. But I know that in the future, I won't use fiat anymore and just scanning qr codes to use crypto for paying.
I don't if that will happen, at least I can admit that I don't see the future, bitcoin could fail or succeed, but me I'm betting on the success of it. I just hope that time will come the government can fully regulate crypto that will satisfy users as that's the only way it will gain massive adoption. Too early now, at this early stage it's good to take advantage to invest and take a percent of the total supply, who knows it gives fortune to us. Bitcoin will succeed in the future because of the technology behind it. I saw a picture in the internet that shows that a lot of big companies are exploring the wonders of blockchain technology and if that is true then it means that we should not worry about the future of bitcoin because the big companies are now getting into bitcoin to support it. |
|
|
|
it is possible to recover your losses if you know that there is another business so that you can recover your losses if you earn from other sources then you can bear the loses if you have multiple ways. i have personally want to invest in more than one investment so if you loss from one source you can earn from other so loses can be compensated.
Doing that is a good idea because you will have so many streams of income and you don't need to worry if one of your investment losses money because you know that you still have money coming from different places. That is one of the best prevention but in this case, it is better to just find another source of income to recover losses and implement that diversification strategy next time. |
|
|
|
~snip~
Start small, too. It is very easy to lose money in crypto if you pick the wrong coin or buy it at the wrong time.
Experience is the best teacher, a trader with lots of experience knows how to make a good decision as they understand the market better. Starting small is necessary, we can't go big without enough knowledge, that's too risky. Like you said, timing is important, in bear market it's a good time to buy but choose a legit coin. We can't exactly tell if the market is bearish or bullish as it only depends on our personal evaluation but experience would help us to determine it. I agree that experience is the best teacher because even though you have a lot of knowledge in your money but you didn't try it in the real world then you will just lose those because you will forget those knowledge that you have. But if you practice it in the real world, you will get more knowledge and wisdom. It is also apply with trading and investing, so instead of putting a lot of time in studying for at least a month, you should do try it and learn from your mistake. |
|
|
|
|
I'm done with ICO long time ago because i don't want to get involved to these scam projects. I invested into at least 10 ICO projects for hoping that they will give a good return or profit but after a few months of the ICO project, it just goes decline and the price sinks like a ship. I am done with the ICO and if you want to make a decent money then just try trading.
|
|
|
|
Hi. I have a question for you.Some ones do Day Trading,Some ones do short term holding,Some ones do long term holding,Some ones invest in ICOs and some ones do bounty and Airdrops.But what is the good and easy way to earn with altcoins.?What is your suggestions?
What I do now is to trade every day. With that, I will continue to get crypto if the trade is good. If your trade has a problem with a decline in altcoin, of course you have to hold back. So a good step to get an altcoin is to trade every day. Daily trading is a good one to earn money with altcoins, especially with the market condition right now, up and down easily everyday. It's a good moment for daily trader to go in and they can get profits from there. even only 1% profit is still good, 1% per day so 30% per month. 1% profit per day is not a good income for a decent trader. It much more like a loss rather than a profit because there are fees that you need to pay when you are transacting. It is better if you will add zero on that 1% and make it 10% so it will give you a decent profit that will be enough for a part time day trader. |
|
|
|
|
Show Posts
