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When I say bitcoin is number 1, it means its the king of crytocurrency.Its the pioneer and most fork comes.from bitcoins algorithm.Also it means number in in market capitalizations worth billions of dollars. Itcoins acceptance is almost everywhere now.
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There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.
With so many cryptocurrencies in the market Without regulations I feel there should be some body to legalize only a few , since its not like the more the merrier!
It just increases risks of any Fraud.
Small companies often are at a risk of shutting down with so tough competition.
The reason why the percentage of market Bitcoins dominates isn't exactly because they got less investors now , it's just because with so many currencies around the globe it's getting saturated and distributed .
Only some of them would be successful like 10-20 but with this tough competition it's risking people's investments and both these small small exchanges.
I strongly believe that a regulatory body should tackle this and then make a decision.
I think is negative in it's own way.
Share your opinions below , do you think it's positive ?
I agree with OP. I think a body should screen for the ICOs. Before it os allowed to have an pffering it shouls be evaluated firat by big financial institution Once it passed, it could be allowed to be sold in public, this way we can minimize scams ICO's. |
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Take the leading voins on the coinmarketcap,they are the most stable in my opinion.Those who are stable and with bigger market capitalization are the most strongest in my opinion also check with volume being traded.
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Maybe,but not now or in the near future. As the technology improve,there are more discovery to improve the technology. But still bitcoin is the father of all this crypto and we cant deny that. At present bitcoin is still the number 1.
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what point to hodl bitcoin ? i think its a bad idea . becose of becose very hard to make alot of profit now , we need alot of stupid money come to market to see new highs , untill that we will have flating 10k i think and above , i dont use btc at all , i like eth better becose its faster and cheaper
hmmmm... since its for long term, maybe it is good say 5 years from now. As market matures and more people using bitcoin, there is a big chance for bitcoin to gain more. Remember that it is only 21M btc coins supply and circulation is way lower than that. |
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It depends on the law and regulations that you have in your local. Every country has its own regulations regarding cryptocurrency. Many countries doesn't have a clear regulation yet.
Yes it is really depends which country you belong with such lawful provisions to get paid taxes with your profit earned. Here in our country we've not forced to pay taxes because bitcoin users are not totally great in numbers but it started slowly growing right now, because people are aware the great benefit of bitcoin that helps elevate their financial stability. Yes, it depends on which country or state you belong. In our country, there is still no clear ruling about the cryptocurrency taxation so we never know. I hope it stays like this  But sooner maybe, government will tax his like what India is proposing right now. Link: https://www.coindesk.com/india-considers-new-tax-on-cryptocurrency-trades/ |
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So far my biggest suprise is eos I put my small money in just for fun and now I'm feelin bad that I didn't put more money in. Zcash is in downtrend but I think it could turn back up after the convection.
With Zcash I think yes, it will rebound soon. This coin has many supporters too and I dont think they will left this coin easily. Also, miners are supporting this too. Verge makes a surprise for me this year when they partner with a porn base industry.  I did not see it coming LoL |
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Trading cryptocurrencies is a different ball game compared to forex trading this is due to the fact that Cryptos are very volatile which requires patience for you to an edge over the market, also a wide stop loss is required to avoid drawdowns in Cryptos trading thus a working trading strategy means enduring and patiently waiting for days to take profits.
Well I learned from this. A long as you've experienced a full trading cycle you will re balanced or cautious in selling with your trading habits. Before I am week hands also, as little drop in my portfolios price, I sell my token or coins. But now, I know it will rebound, I learned to read graphs too and basic technical analysis. Being patient n trading is really rewarding in the end base on my experience. |
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why people are crazy for crypto ,they leaving their job, they selling their house , selling their property?
Given that crypto is a major game changer in the world, crypto making world crazy because crypto providing possiblity to earn cash for ordinary people That's why people are being insane with crypto and they are wanna earning the faster money through this way. This is why how the market was heading crazy each time. Its a new technology, where in anywhere in the world can participate. Furthermore, it is very convenient and easy to convert to cash as there are many exchanges supporting this platform already. Unlike before that only credit card is acceptable then paypal and if your country does not support this, its hard to fund or convert back to fiat.With cryptocurreny, it solves the problem as anyone can used it. |
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I think the focus of our community in the next few years should be on some of the crypto world systems, and we see that the abuse of ICO in the last half of the year is hurting the development of the market, and a lot of negative news related to crypto.
I fully agree with you. There is so much ICO's on the cryptoworld especially on token based platform. There are many fly by night ICO's with no road map but just an ANN thread or telegram airdrops only. I think there is an ICO body which reviews and approved ICO with good and solid project. This way, we have a valid ICO's with valid projects on going. |
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Ledger Nano S supports much more crytpocurrencies than the competitors (Trezor). They recently support even Bitcoin Private (Feb'18 fork). The other one is Trezor, which is very recognizable and secure too. Supports less cryptocurrencies. All the other ones are smallish brands.
Ledger cons: Ledger Nano S supports some other derivation path than other HW for Ethereum for some reasons.
Whatever you buy, buy it from original vendor to avoid scam.
I am currently inclined to buy a trezzor wallet, and currently outsourcing from our local supplier. I like to buy from an authorized supplier but it seems it is hard to find and I am worried with some reports about buying from not known supplier as hardware wallet might be compromised. For me, trezzor convinced as a preferred wallet, but I am willing to try ledger variants too in the future. |
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Yes. It seems to be real. I am much more of a holder than a trader, I do have spare fiat for when the dips come. Even though I really don't trade often I tend to watch the space and look at CMC at least 10 times a day lol. I have stock shares that I literally look at once or twice a year as once again they are long term. My gut feel is long term it won't matter if you bought 2 weeks ago, today, tomorrow or next week if you are in it for the long run.
I think its very possible since we are way below the $500M market capitalization and adding $500M is quite easy when big institutions start to accept cryptocurrency.Last year I am amazed how the market react and pump too much and it is possible to happened again this year. |
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One of the advantages of cryptocurrency transactions is that they are one-to-one affairs, taking place on a peer-to-peer networking structure that makes “cutting out the middle man” a standard practice.
Does anyone think otherwise?
Or simply, cryptocurrency or most of it are decentralized. No one owns it and transaction is transparent as it is very verifiable on the blockchain or on explorer. Also, it is trade able around the world 24/7 and it solves the ease of sending funds to and fro other countries at a lesser fees and faster speed. |
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I decided to quit ICO's. From December till now I invested about 5 eth into several ICO's. Invest what you can miss, this is what was able to miss. Right now the first few of my ICO's have reached the exchanges. Most are under performing, but this is related to the overall dip (can be read everywhere). I understand, but ICO token economics have changed also. - massive hardcaps
- most is sold in pre-sale to big investors, leaving scraps for crowdsale
- much attention to marketing, less to working product or realistic time lines
- immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future
- no lock on pre-sale tokens, whales take their x2, x3 or x-whatever as soon as possible (I would probably have done the same). Prices drop to below ICO price.
- too many ICO's without distinctive differences.
- too many ICO's in general
- too much tokens reserved for team/marketing
- many ICO's don't even have a crowdsale anymore (which perhaps is a good thing as the little investors are protected this way)
- ICO prizes are quite high. 1eth = 1000/4000 tokens is pretty common, but with a hc of 40 million, this will not easily go x10 or more.
I was 'unlucky' to miss out on a few ICO's besides the ones I was able to participate in. Afterwards I am glad, since I was able to pick most up at a fraction of the ICO price. Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem. Some may seem like a fantastic solution, but often it is marketing combined with a strong team, and not so much a great working product. And who am I? I am definitely a nobody  , but still wanted to share my experiences and perhaps save people from thinking of getting on board of the next x100 ICO p.s. when a Telegram has over 20k subscribers all screaming 'when lambo' with endless rows of animated gifs, you may also wonder if this is a serious block chain solution which will revolutionize 'x' I think not all ico are scams, but many ico are nice and have the potential to grow. If you ever fooled with ico do not think all ico is a scam, try to bounce back and see ico in a positive manner. I am with the author, and really I can relate his concerns. Though not all ICO's are scams, but some are half bake and do not have a clear intention with the project. Its just created just for trading to take profit in my opinion. There are good projects too, like the Ethereum platform for example, but with the Ethereum tokens, there are also many projects that failed don't have any value at all. The flood gates are opened but I have this can be regulated soon. +2 merits for the author for his valid and realistic concerns |
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I don't think it's worth it. Although you can get high profits, don't forget that you also carry a lot of risk. I would recommend that the investment of $1,000 to $2,000 as a cryptocurrency would be a good number.
In my opinion its better to study how to trade cryptocurrency first. Once you've master the system, you can start in small amount from time to time. Its better to have witnessed the full cycle of market trading from bearish to bullish and so forth. Also, invest only in known tokens and coins with very good team of developer and project. |
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I think it's not fair if they ask for it after the campaign is over. Some people want to remain anonymous, and no one guarantees our personal documents will not be used for other purposes.
I am thinking on this too. We already know that so much identity thief ha opened and we are submitting our personal info to someone we did not know without any guarantee that it will not be used or sold to other party. Hope there is a system on this too where participants are legit. IMHO. |
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Managing losses depends on how strong headed your mind is, just go with the flow of present moment. Acceptance is the key to motivate yourself for further pursuing your goals. Stay vigilant about the market, keep your nerves intact and do not let anxiety and depression overpower you. If you have encountoured losses, probability of gain runs parallel so keep your thoughts on the positive platform.
Well that's true, acceptance and moving on is the key. Also please always observe the market movement and set a cut loss target. This way you may minimize your losses further. Look for stable coins with strong support so that you cant lose bigger when support comes in. |
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The shrinking volume of transactions does make transactions harder, but I believe Bitcoin will overcome these difficulties and seek opportunities to wait for the market to pick up, and the current situation will not always exist.
Yes because it is still bearish. Me too is not trading for several weeks now, I am not motivated when you see bloody market. I am lie low on trading now, but still I monitor prices on their dip. Still when market is red, opportunity is there hidden, just be patient to look for bargains. |
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Your question is not properly formulated in my estimation. Everyone is giving you advice on where to read more about this, and I suggest you do the reading they are suggesting to you. You are able to use the search function and find endless discussion on this topic.
I just have one basic correction, Bitcoin will never reach 21M in circulating supply. There have been too many bitcoins lost to missing keys, the genesis block not having private keys and things like this. Circulating supply is much lower than the amount in existence. Bitcoin mining will not conclude within any of our lifetimes, so I wouldn't worry about it too much unless you're planning on writing prophetic visions.
LOL so true. Subtracting to that 21M supply also, is Satoshi Nakamoto 980,000 bitcoins stash which idly sitting only. This means that bitcoin right now is still undervalue if you compared to the world population. If each one has 1 BTC, it only needs 21,000 people but the world has billions inhabitants. The proportion is huge, where bitcoin will likely to be more expensive in the future. |
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