If you do not know how to trade,the best way to increase your capital is to buy cryptocurrency and keep it for several years. If you know how to trade cryptocurrency understand how to do it, you can earn good money much faster than to keep altcoins for an indefinite period.
I think we need to hodl to at least 2020. I suggest diversifying our portfolios now and hold as long as we can, because the market won't change much in 2019.
It's a great investment for me. I do not think that I will withdraw my cryptocurrency only in 10-20 years, as it is too long. But I can be sure that in 1-2 years my investments will grow several times and will not disappear
I think you're right. Long-term investments shouldn't be considered risky because we are seeing the big picture and aim to hold for years. I will hold less time than that but I am determined to see the coins reach their maximum.
I think that now it makes no sense to sell altcoins. The price is very low for them. I have promising coins and I will hodl them until the price suits me.
yah. Selling at current prices is really bad. We should not sell them now, please be patient for a while. Then magic will come to the market. Just that they will not come too soon
I agree that investors should be patient in order to avoid loss of profit, especially whenever the market is dumping. Now is the time to learn the market dynamics and monitor what's happening, without much investment.
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BoardAltcoin Discussion
Re: Bounty Or Trading?
by
TropicalDog17
on 29/09/2018, 22:11:07 UTC
If you don't put all your investments in one basket but diversify, altcoins can make you a living. Some people make good money without investing anything: from bounties. They just quit their jobs and devote all their time to bounties.
There are coins more promising for investment, for example ETH. It is better to invest in ETH and get a good profit by the end of the year than investing in Monero and hoping that the price will rise.
Of course, there are better coins than Monero, but Monero is not the worst ever coin and could be a good investment. It's a good product with a good team. It's been in top 10 coins since a long time.
To me I think what we're all actually waiting for is mass adoption and we all hope that ETF approval could make this happen as it I'll draw many new persons into cryptocurrency to invest their quota.
People are basically waiting for the situation to be favorable for them to make money off of crypto. Nobody is just here for fun, we are waiting for the coins to moon.
This bear market has really lasted more than expected and has also proven some people who said they are expert in analyzing the crypto market wrong. What I want everyone to do is hold, never panic sell, if we all can have this hold attitude, we will go out of bear market at no distance time.
I am not even sure that there is such thing as a crypto analyst. Nobody knows anything. Just speculating. No panic sell is a good advice. Holding rules.
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BoardAltcoin Discussion
Re: Are you selective when you participating in ICOs?
There are many popular sites are available like Bountyhive,Bountylord that gives the ICOs announcement their duration time etc. I want to know that how you select an ICOs to either participate in it as invester or a bounty campaigner.
First you need to see how much you can afford to lose if ICO is a failure. Read their whitepaper and website. Do they have a chance to raise hardcap?
I would never recommend to anyone that they put all of their investment into just 1 coin, the risk associated with this is far too great. That isn't to see that it cannot be a strategy that works just that it is a single point of failure. I would pick 4 or 5 projects to invest with that way if one of them turns out to be a scam or fails for any other reason I still have the others to rely on in an attempt to cover and make a profit.
I think only when you hold Bitcoin can you be sure that you have some security. Otherwise, you should diversify your portfolio.
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BoardAltcoin Discussion
Re: wasted 3-4 months in bounty and at end got nothing ??
I'm doing the bounty with the month of January.Worked for about 100 companies.So much time has been spent.And many of them didn't pay a dime.But there are decent companies among them.So, that-risk in this, too, there is.We have to hope and rely only on the conscience of the team.
Sometimes it's just impossible to do. Relying on strangers to take care about you and not their own greedy needs? I am not sure for how long we can do that.
of course it can greatly affect the price of crypto currencies on the market, especially if the holders of crypto currencies are citizens in the countries where they live do not accept bitcoin as a means of payment transactions. so that if something happens with their FIAT currency because of a crisis they will prefer to secure their FIAT currency compared to the crypto currency they have. and indirectly it will affect the price of crypto currency.
I agree, depends on WHEN the crisis strikes and at which level the development and acceptance of crypto currency is by then. In more countries, fiat is the only source of payment.
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BoardAltcoin Discussion
Re: What do you think of the cryptocurrency 3 years later？
Three years later, what will be the mainstream cryptocurrency and market conditions?BTCBTCBTC
I can't look as far. Everything changes by the day, and it is very hard to see beyond your own nose. I hope that more projects will remain true to their promises and we will see how much technology is actually feasible.
Now the mainstream currency, BTC-ETH, has the upper hand, and they have the strength and technology, but the future is likely to be a new project to replace them more mature and more comprehensive. What do you think it would be?
I can't exclude any possibility, personally. Time goes on and technology doesn't stop where it is. A decade ago nobody knew about cryptos, now it's all the hype. So I believe in a few years from now we will have something new. But it doesn't mean something good should go, like BTC or ETH. These will stay on.
A possible scenario is this: Cardano, PRiVCY, EOS, Stellar and the like. It is only if these projects will develop its platform and on.
In this year 2018 I think the best altcoin is ethereum because this is the one who fluctuated in its prices ,this coin is more demand for investors because the amount we invest or buy in such coin has a good returned of profit.
I agree with you. This year Ethereum is a star. It holds a firm second place after Bitcoin which is saying something about the capabilities of this altcoin.
selling now means you sell at a massive loss, no matter when you bought. Sure, you might have bought bitcoin at 2000, which means you'd have about a 200% profit right now, but its still a lot lower than the ATH
I agree that selling now would be a loss because once the market corrects itself and the price go up we can sell at a profit or at least not at a loss.
I have one question that really bug me sometimes, Are ICOs going to end or new ideas and projects will emerge along with ICOs. Many of us actually rely on bounty to earn other than investing. As long as there is ICO I believe there will be bounty. It will be a sad day for us if ICOs are declared officially dead.
It seems to me that in the near future ICO will not cease to exist. Of course, now the total number of scammers and unsuccessful projects is increasing. Therefore, you need to be careful about choosing the right project. But projects with long-term potential will continue to exist and develop steadily.
I hope so too. We need ICOs, bounties are a good way to attract people to crypto and make them believe in the idea. We just need some kind of protection against empty products and scammers.
One thing I know for sure, in the crypto-currency world, everything is exactly the opposite, if a large number of people expect some kind of change, then nothing will happen to a greater extent, because so many people are waiting for it.
YouTube that if you analyze the situation in 2017, then the surge in the price of the crypto currency was due to the maximum public relations of the crypto currency in the society. Apparently everyone expected the continuation of similar market reactions to the popularization of the crypto currency, but they made a mistake.
But it would be cool if it happened again. I wonder what would be the next booster for the market pump, if the first resort didnt help, what the market will resort to next time?
I think that you need to invest in btc and maybe ripple as well as they are considered the best coins ever and you will be able to earn good money on the difference of the future cost. To my mind, it is great
What about Ethereum and EOS, I would invest in those. They have great developer teams, good products and are market leaders today. I believe in their future, and I agree that BTC and XRP are great choices too.
I don't think it will go that low but we'll see. I'm buying more around $200, seems like a good price to me and worth the gamble when you look at how high it was before.
I also don't think that Ethereum will ever drop that low, unless everything in the market goes down the drain. Ethereum is reacting to the market fluctuations and whatever other factors. It's doing great, considering.