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Showing 20 of 180 results by bennysax
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Board Altcoin Discussion
Re: Don't bite more than you can chew
by
bennysax
on 16/09/2018, 19:22:07 UTC
I strongly agree with you. Considering the fact that there are as too many projects out there,the good,the bad and the ugly, it is needful that one take quality time to go in search for a good project that is promising rather than involving in too many projects and at the end one may not be able to meet up to the required task or even fall victim of scam projects as result of not doing due diligence due to involving in too many projects. One may end up regretting such actions eventually. It is better to have just one outstanding reward for participating in just one quality project than to have too may projects at hand and end up not having good rewards from them or not even having at all.
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Board Altcoin Discussion
Re: Why everyone becoming the holder?
by
bennysax
on 16/09/2018, 19:05:29 UTC
Very true actually. It is important that crypto traders learn to trade. A part from the fact that too many persons may prefer to just buy and HODL probably to make more profit on  the long run, it is more ideal that one learn crypto trading for the purpose of learning the skills involve so as to become an outstanding personality in the crypto world.  I understand that if one does well in trading, he can make good money within short while like you stated in your comment. I guess the reason why too many persons out there are HOLDING is probably because the current worth of their coin is around their capital or below it and cannot afford to sell below or around it so they are left with the option of just HOLDING pending when it improves.

However, your opinion is quite an interesting one.

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Board Altcoin Discussion
Re: what exactly are we waiting for?
by
bennysax
on 14/09/2018, 14:02:10 UTC
In my opinion, it is obvious that in a way, people waiting for the market to be stable. Some (aggressive HODLERS) are waiting for the prices to improve drastically so they can sell as making moves to sell now can be the greatest mistake one could make at this point in time. The market is very unstable and would require real patient and only the patient one can cope with whatever is happening right now. This is what I think at the moment.
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Board Altcoin Discussion
Re: Stop Crying about Crypto!
by
bennysax
on 14/09/2018, 13:53:51 UTC
This is very true and I completely agree with you. The level of risk associated with crypto is high and whosoever wants to get involved as a big or small time investor must be ready to face the heat at any point in time. The risk is high and should be treated as such.

I have drawn my conclusion that it's not a get rich quick business, should not be seen as one. If one is really not ready to face the heat that comes with it, I advise that he/she should not be part of it.
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Board Altcoin Discussion
Re: Decision in panic!
by
bennysax
on 13/09/2018, 21:03:14 UTC
Yes! I have and I learnt a big lesson. I was panicking that the prices of BTC & ETH were running high last year and I never had money to buy either coin feeling I may not be able to buy then any more. Eventually, I was able to buy some quantity of ETH January this year, and immediately I bought, the prices started dropping drastically. I bought when price was still $1,200 per coin, since then the price has never gone above $1,200 instead it kept dropping to what it is today. If I had waited a little more, I would have been able to figure out that the price was dropping and I wouldn't have made the decision of buying.
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Board Altcoin Discussion
Re: Now is the time to buy!
by
bennysax
on 13/09/2018, 20:51:12 UTC
Very true! I agree with you. If there is anytime one should invest into crypto for future wealth generation, it now. But ironically, too many persons would never want to make such moves now considering the current situation of things and because of fear of the unknown. If one tells me that the prices would drop this low, I would really not believe it considering the consistent rice in price we experienced last year 2017. In the crypto world there are so much surprises and anything can happen.
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Board Altcoin Discussion
Re: Cryptocurrency is gradually spreading
by
bennysax
on 12/09/2018, 16:22:53 UTC
I agree with you that people are beginning to know about cryptocurrency. The awareness is there and people are getting to know much about it on a daily basis. This is how it will continue and that is why I am really not scared about whatever is happening right now. As people get to know more about it, they get involved in crypto activities and it becomes more popular.
Yes initially newbies may have a challenge of how to go about it but as they read, ask questions to know more about the technology, they get better at it and it will continue to spread just like that.
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Board Altcoin Discussion
Re: I am most worried now
by
bennysax
on 12/09/2018, 16:13:36 UTC
You really not need to worry. One thing I'll like you to understand is that no matter how much you get worried now, your worry would really not change the state of things right now. I would advise you to really calm down, remove your mind from whatever challenge that is faced with crypto trading, remove your mind from the drop in value of your coin in your wallet while you HODL for a long time and I can assure you that you would be fine in the future as things would get better with time.
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Topic
Board Speculation (Altcoins)
Re: Market Goes Down and Down
by
bennysax
on 11/09/2018, 21:08:23 UTC
As we speak now, BTC is less than $6,500,ETH is less than $200. Would it go down less than this? Probably YES which can also be a NO. One thing we really need to understand is that the market is what it is now but would never remain there. I see this as a circle and the boom time would eventually emerge and things would fall in place. I think the best some of us if not everybody can do now is to be patient, never to be in a hurry to dispose our coin and remain positive no matter what we experience now.
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Board Altcoin Discussion
Re: possibilities for crypto
by
bennysax
on 11/09/2018, 16:19:59 UTC
It is possible that crypto currency may or must have been banned in some countries. It is also be possible that in some countries it seen as illegal or may be regulated, especially some developing and under developed countries just for the sake of protecting the citizens of such countries.
But one thing in sure, in as much as some developed countries have embraced the innovation by accepting it to be legal and used as a legal tender for goods and services, the rest of the world would eventually accept it.

The world has become a global village where businesses thrive between countries of the nations and with time, this factor alone would aid the acceptability of crypto by so many countries who are currently seeing it as illegal.
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Board Altcoin Discussion
Re: Worried about Crypto currency future
by
bennysax
on 10/09/2018, 17:11:34 UTC
Crypto is actually going somewhere. It is an invention that is gradually getting the attention of nations of the world. It is like a new born baby undergoing nurturing, with time it will grow to become a full-fledged adult and at this point almost all nations of the world must have adopted the usage and those left out would have no choice other than to embrace it before it becomes too late for them.

Therefore, it is rest assured that crypto has a better future ahead. I’ll advise you not to get discouraged, get pushing and ensure you do your best to remain in the crypto world else you may regret it in the future.
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Board Altcoin Discussion
Re: Do bounty hunters become ICO investors?
by
bennysax
on 10/09/2018, 16:46:44 UTC
I think experience plays a major role here as a determinant factor for a bounty hunter to double as an ICO investor. In most cases, some bounty hunters may be ok by only campaigning for ICOs and getting rewarded while some, from experiences would see the ICOs as one that is promising and so would invest by buying more token in addition to that which they would get as reward for campaigning and so rather than only campaigning for the ICOs and get rewarded they go extra mile to buy more in addition.
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Board Speculation
Re: Do you regret it not selling at peaked on last jan 2018 ?
by
bennysax
on 09/09/2018, 18:27:04 UTC
Although,as of January 2018 I never had any bitcoin or altcoin in my possession except ETH which was very little in quantity even though I had opportunity to buy and store those days in 2016 but did not.I was actually following up on happenings in the crypto world but never took the decision of investing heavily.

Answering your question, I would have regretted if I had bitcoin or other altcoin earlier in 2017 and I never sold in December of same year or January 2018. For those who sold then, I would say a big congratulations to them. I say this because selling off at those high prices in January 2018 and buying more during this low price period is this best thing that must have happened to any crypto investor. I'm optimistic that bitcoin would tremendously improve but when seem a bit difficult to tell for now.
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Board Speculation (Altcoins)
Re: HODLing will get you nowhere
by
bennysax
on 07/09/2018, 15:06:30 UTC
If you say HODLING will get me nowhere, you are invariable saying I should sell the coin I have. You also said I should buy more coin. The question is why should I sell to buy more especially when I am selling below my purchase price? Why should I sell when I know I need to buy in addition to what I have in store for booming days?

If you ask me to HODL the coins I currently have for better days ahead and buy more to add to what I have, I will agree with you. But in my opinion, selling off what I have and buy in return is not a better idea especially selling at a price that is not encouraging in periods like this.
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Board Altcoin Discussion
Re: The future of crypto money
by
bennysax
on 07/09/2018, 14:45:52 UTC
On the contrary, I disagree with you on your statement that crypto is gradually getting better. It is obvious that since the beginning of this year to this present moment, crypto has really not been doing well. Too many persons are getting scared, worried and discouraged, investment going red far below purchase price.

However, I agree with you that in the nearest future crypto will do better and investors should HODL their coin tenaciously without wavering as the level of adoption of crypto shows that it will get better in the future.el of adoption shows that it will get better in the future.
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Board Altcoin Discussion
Re: The era of bounty hunter comes to an edd?
by
bennysax
on 06/09/2018, 17:18:53 UTC
I partially disagree with you. It is true that there are too many bounty hunters out there today which definitely has significantly and retrogressively impacted in the earnings accruable to bounty hunters as a result of the enormous number of bounty hunters. This definitely does not mean that there no good ICOs out there. It does not also means all ICOs are now scam.

There are good ICOs but one just has to do thorough due diligence in search for ICOs so as not fall scam victim.
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Board Altcoin Discussion
Re: ETH to hold now or not?
by
bennysax
on 06/09/2018, 16:51:24 UTC
I think you shouldn't be afraid of HOLDING now. Don't be surprise that too many persons (including me) are seeing this period as opportunity to buy, store and HODL enough of ETH considering the fact that there are much opportunities out there to make good fortune out of this coin in the nearest future. I will advise you never to sell now. If you do, you may end up regretting it in the future.

Please Don’t!
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Board Altcoin Discussion
Re: How safe is our money in crypto?
by
bennysax
on 05/09/2018, 16:05:24 UTC
This is true. Hackers all over are threat to our hustle. It is quite unfortunate that they would always be there in as much there are still not necessarily lazy but dubious people out there. I say they may not be lazy but dubious because I want to believe that it is not an easy task for one to devise a means that can hack into people's wallet but then, because of their wicked nature, they decided to channel their strength into defrauding others of their had earn money.

I wish it is very impossible for them to achieve their nefarious act; it would have been the best thing that happened to bounty hunters.
My only advice is that we should try as much as possible to avoid indulging in any activity that would expose our wallet to them.


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Board Altcoin Discussion
Re: What keeps you motivated to Hodl?
by
bennysax
on 04/09/2018, 16:28:00 UTC
The fact that I have that understanding that crypto currency and blockchain technology have come to stay is enough reason to get motivated and guide my investment for a long term before selling out.
The fact that nations of the world have and are embracing crypto to the extent that it has been introduced in their university syllabus is a strong signal that if I keep holding and educating myself to do better, there is a future for me. This is enough motivation.

Understanding the trend and signs of how things unfold is another catalyst for motivation. Really not moved by what is happening in the crypto world right now, that is its nature and things will get better and when things get better, we shall smile. That’s just it!
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Board Altcoin Discussion
Re: I have learnt my lessons
by
bennysax
on 04/09/2018, 16:16:45 UTC
Like I have always said, selling of your hard earned token when not appreciated is not the best option considering the rigorous stress one goes through to earn those tokens. From other people's experiences, I'm very certain that those token are most likely sold in a hurry even when the sellers are not desperately in need of money to solve problems, then why selling? Even if one is desperately in need of money, I think it is also very important to weigh options before making the decision of selling because there may always be a regret at the end especially if selling below or exactly the ICO price.

Considering the benefit one has to derive for waiting patiently, it is important that we HODL for a long time for it to appreciate before selling off.