When I ask my friend on his opinion on bitcoin, his prompt answer is: scam. His answer is based on what he saw on tv when a suspect is apprehended by authorities on scamming accusation. The suspect used bitcoin as a mode of payment in his investment scam. It is one of the reasons why some people are afraid of buying bitcoin because they believe it is a scam based on what seen or read. A lot of people in my place are not even aware that there are another kinds of currencies that exists in the internet.
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I prefer to hold my tokens for more time instead of selling it so soon. Many of my tokens are still low in prices but they the potentials to go up once the developments of the projects started. Many of the bounty hunters havenopatience or want instant profits so they have opted to sell their tokens instead of waiting for the price of the tokens to go up. Try to research the project behind the coin and find if the developers continues to be active in developing the coin.
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Aside from bitcoin, I'm also betting for bnb coin as one of the promising coins to make you rich in the next several years. Bitcoin and bnb have been on uptrend for the past few weeks and showing only minor corrections. The recent developments of binance like the launching of its DEX and Mainnet pushed the price of the coin into its another all-time high. Apart from these two coins, altcoins like ethereum, EOS and xlm can make also give you high profits.
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McAfee might be looking for attention especially from media for his future plans like running for the oval office. Unmasking Satoshi would be futile because nobody know who really he is. This move of McAfee might only resulted into many fake Satoshis that are hungry for media mileage. McAfee should instead prepare his political plans and create his platforms if he really planning for top position instead of finding the creator of bitcoin.
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At this moment, the price of bitcoin is going up but it is still good to buy if you are a planning to use it in trading. The best time fo me to buy any cryptocurrency is during the bear market when the prices are still lower than today. It is also good to invest now in some leading altcoins like bnb which price has grew tremendously during the first quarter of this year. Investing in a coin that has a solid potential will ensure your profits inthe months to come.
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What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
There are already some small online business that uses cryptocurrency as one of their mode of payment. Some offline shops and passenger vehicles are also accepting bitcoin as payment. I think it will depend on the popularity of bitcoin in some area place and the seller's knowledge on using bitcoin. Some shop owners are not keen on accepting bitcoin because of its volatility or rapid price fluctuation and the high transaction fee during bitcoin uptrend. Many transactions issues should be resolve first information campaigns to avoid problems in using bitcoin in the future.
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It depend on the kind of regulation a government would want to impose in their country. If the government chooses to have a restrictive regulation, its people can't able buy or trade bitcoin without the approval of its central bank. But if a regulation is designed to protect the people from any scams, money laundering, drug trafficking and other illegal activities, it will be beneficial to bitcoin and other cryptocurrencies that under it. A group of wealthy nations has already planning to create a worldwide regulation for bitcoin and I believe that a lot of people will be benefitted from this once it is fully implemented.
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I am also a bounty hunter and at the same time a trader in one of the largest crypto exchanges. There are still some profitable bounty campaigns but you had to research them to find the best bounty. The proliferation of scam ICOs made it difficult to find the legitimate ones and become also the reason why some bounty lost their faith in these bounty campaigns. Some of my friends, also traders, urged me to learn trading andthey taught me some technical analysis. There is still money in bounty but trading is more profitable if you know how to trade and manage your risk.
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I prefert to invest during the bear market because the prices of the coins and tokens are lower than today. You only need to find the coins that have the big possibility of going up when the bullish market returns. Bitcoin and bnb are presently up with the latter broke another all- time high and skyrocketing to 300% this year. So I dont think it is good to invest this time when the prices of my favorite coins are already going up, i only end up in fomo if i buy them now.
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December 2018 is over and the predicted by some people did not materialized as the bitcoin still on its slow growth at that time. 2019 started positively as bitcoin climbed up to $5000 in this 2nd quarter, because the hope for another 2017-like bullrun is revived by many bitcoin enthusiasts. I think it is early to conclude if bullrun is already taking place at this time.
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With its incoming dex and mainnet, binance will continue to become one of the leading cryptocurrency exchanges in the world that offers two kind of exchanges: centralized and decentralized. Binance chain might also rival ethereum with some erc20 coins migrating to binance chain. I'm also a holder of bnb coin and if the incoming binance dex performs well, the price of the coin might achieve another all-time in the future.
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Scammers are always upgrading their knowledge and skills on scamming investors and traders so there is always a need to make a thorough research first on any ICO you want to invest. ICOs are still one of the profitable investment areas in the cryptocurrency market and is still a lucrative area for the scammers. Regulation can also help the investors in weeding out those fake companies that are still proliferating in the ICO industry.
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The market is slowly recovering but it is not yet fully recovered if you are referring to the December 2017 price. If this recovery go on steadily with only minor price corrections, another bullrun may happen in the later quarters of this year. But a big bullrun usually take time before it happens again and is predicted by some market analysts to take place a year after the bitcoin halving.
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If you are experiened trader, you knew what are the profitable altcoins even during bearish market. Most of the altcoins go up when the price of bitcoin is steady but there are also strong altcoins that can still go up even bitcoin is in uptrend. All you need to do is to study the behavior of your preferred altcoins using technical and fundamental analysis including the price movements of bitcoin. Majority of the altcoins are still productive, make a research to find the most productive altcoins.
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Governments might accept decentralized cryptocurrencies in the future if they find better and effective ways in imposing tax on the blockchain-based currencies. Several governments also believes that blockchain technology can help improve the services of every department or ministry. Accepting cryptocurrencies to run in their economies may not be possible today because of their decentralized nature but a solution can still be possible in the future.
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My friends including my relatives have varied reactions when they discovered my investment in cryptocurrency. Some are excited and want to try also and the others are dismayed because they believed that I'm wasting some money and time. They discovered my investment last year when crypto market is mostly bearish and the prices of many coins keep falling. They urge me to quit investing in cryptocurrencies it before it's too late but I did not listen to them. As the market recovered and gained some profits, some of them shows their interests in cryptocurrencies.
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One of the most profitable altcoin for me is bnb, it gave a lot of profit since started trading it last February. Many developments in binance caused its to go up to $20 aover the past weeks and is there is a possibility of going further in the coming weeks. IEO in binance can also give you big profits if you successfully bought a token. The token's price from IEO can go up several times when the trading for that token starts. Ethereum and eos also gave me some substantial profits in the past.
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I prefer to hodl bitcoin and some strong alts like ethereum, xlm and bnb because they are already to be profitable in the past. Before choosing any coin or token, you should make research on them first and find if they are qualified for long term hold. Bitcoin, for example, have already showing some signs of bullishness again after its last all- time high in 2017. The price of the bnb coin is also up in recent weeks and may continue to go up because of some continuing positive developments in the binance exchange.
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Big developments are needed to break the all-time high price record of bitcoin in 2017 but it may not happen yet within two years unless whales start their non-stop buying binge on the leading coin. The bitcoin halving that will happen next may also push some prices up but there still no assurance that a big bullrun will follow soon. Breaking the all-time high will really happen in the future but nobody knows and instead of waiting for it, you should start accumulating bitcoin now in preparation for that bullrun.
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The remains of the bear market still lingers but many people including some well known crypto personalities are getting positive on the market. The price of the leading cryptocurrency continues to go up and did not encounter any major corrections from the previous days so it seems that bear market is really ended. Some indicators are confirming this trends but it will need more research and analysis to find if the bullish signs are already around the corner.
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