Altcoins are good for trading and making profits.  Ether and LTC are my favourites for obvious reasons. They have the potential to rise like BTC in the long run.

Not yet. All financial markets are suffering due to global issues. It might take some time for things to settle down. I am sure the crypto currency market will be the first one to rise and thrive when the situation improves.

Hello, welcome to the forum! Your next step should be learning all about the market either by reading or interacting with everyone on here. Tip - try to set realistic expectations and create a good plan. Cheers!

Before getting into anything, the thought process and how you plan to approach the market is important. With the right mindset, investors are surely going to learn new skills and be able to make the right moves. Hence, with patience and a sense of focus, it is possible to achieve what they set for.

I have been trading with capital wallet. They have hundreds of tokens available, and their trading & conversion fee is also $0.5, one of the lowest.

I am bookmarking this thread. I am sure that it will keep getting interesting posts that won’t just update me but will also keep me entertained.

Cryptocurrencies are not accepted legally in most parts of the world. Even if they get accepted worldwide, it will take decades for them to reach everyone and getting used to using them is a far cry. Moreover, not all people will be able to trust cryptocurrencies. They will always prefer fiat over it.

The Bitcoin ecosystem is not missing anything. In fact, it has everything more than most people can make use of. For example, technology. There is a huge percentage of people across the globe who have no idea what bitcoin is because they can’t make use of technological advancements.

I have taken the print outs of my private keys on hard paper and have kept them in a locker.

Cryptocurrency provides the features of anonymity which might be seen as a threat to many governments. We can not deny that the feature of anonymity will always serve good.

This could prove to be a major step towards the adoption of cryptocurrency. And also be a different and unique way connecting fans with their favourite UFC fighters.

Wow, this thread is really useful. I have made similar mistakes in the past including buying cryptos that were lower in cost hoping they would rise someday, and avoiding popular coins like bitcoin and ethereum.

I think it’s okay to make mistakes because humans learn through their mistakes. And what is a better teacher than losing money. Apart from all the points listed in this thread, there are many other mistakes that we make unknowingly, these are the mistakes that separate us from billionaire traders.

Sometimes over-holding can be counterproductive. Don’t be too greedy and take calculative decisions.

You can sell provided the buyer wants to accept crypto. So you must go to the marketplace where you buy and sell property and put your conditions.

Bitcoin Being the king of the crypto universe has always influenced the price fluctuations of altcoins and is expected to do the same in the future. Altcoins are used way less than bitcoins and bitcoins have always dominated and are expected to dominate altcoins.

Bitcoin is different in that sense that it doesn’t have a central authority. Instead, Bitcoin relies on a network of nodes, miners, exchanges and wallets to remain secure. The majority of these players are stakeholders in Bitcoin, meaning they have vested interests in the currency.

Bitcoin will not fail. It is a very young currency, and many new features are being built into it that makes it better than ever. Just like the internet is the underlying technology that powers the entire internet, the blockchain is the underlying technology that powers bitcoin. Other forms of digital currency are being built on the blockchain. All of these will continue to grow and expand and become more widespread. The blockchain, unrestricted by being tied to any one digital currency, will continue to grow as well.

Hey, here is the thing. Nobody ever said that getting rich is easy. There is no way to get rich without hard work, commitment and sacrifice. Yes, you can do lottery mining but buying bitcoin would be reliable, even though it will take too much time to make the profits you desire.

Cryptocurrencies are definitely here to stay. A lot of people have started making cash from them. The returns are just much higher than anything else. However, there are certain risks associated with them too. You should have proper knowledge about them before doing any transaction.  You should also track the market closely and regularly. Since there are no regulations, there are a lot of scams and frauds in the market.

It's hard to say, and it all depends on how bitcoin develops as a technology and protocol, but it's entirely possible that it could reach such a level, assuming the adoption of bitcoin continues to develop at the same pace it has been so far.