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Topic: Ask Any Crypto-Based Question (Read 1146 times)

jr. member
Activity: 658
Merit: 1
November 27, 2020, 05:17:35 PM
#66
what is social mining and how we can earn on it? what earning projects of simple but profitable mining do you know?
member
Activity: 421
Merit: 47
November 27, 2020, 02:26:44 AM
#63
Between crypto investment and trading, which do you recommend for a crypto enthusiast with low capital?


Personally; i think when you have low capital and you are an ethusiast; it is best to choose trading; by choosing trading you have an opportunity to learn and practice; you get an opportunity to develop and perfect a working strategy without feeling the impacts of losses or mistakes. Believe me, if with your little capital you are able to understand the philosophy and psychology and motives involved in trading; investment will come easiest for you.

Which of the coins should such person trade or invest in?..

I do not like to choose coins for enthusiasts; but if you are trading for profits or investment, bitcoin, litecoin and etherum comes handy if you can do your own research about them. Altcoins investment are superb too if you can find the right one


This really depends on the reason's you're getting into crypto in the first place. It also depends on if your life depends on the capital you're expending and your experiences with investments and trading prior to crypto.

It's critical to understand that whatever capital you put into crypto, presume that you will never get a return or may lose a substantial portion of that investment or trade. If you make a profit, great.

For newcommers, I do not recommend trading, I recommend investing in the top 5-15 cryptos with substantial liquidity and a overall a solid presence. The further you go down the crypto market ranks, the more risk you incur.. for better or worse.


To Wenbing's point, trading is not as easy as some make it appear to be. Yes, if you become highly skilled in understanding the underlining psychology in crypto, are excellent with micro-managing and have a solid understanding of all the core principals of what makes a successful trader, then by all means. But trading is not for everyone and the vast majority who day trade, lose or on average, make as much return as someone who "goes long."

I do not personally trade, I do not have the aptitude or patience for trading crypto's anymore.



Will the price of BTC ever go down in 2020?

I do not speculate on crypto prices. There are hundreds of crystal ball readers who will be more than happy to give you their predictions. But just understand, never trust anyone or any authority on crypto prices. That's a ticket to disaster and massive losses. No one has your interest in mind but yourself, trust only yourself. Crypto is money and everyone is trying to do everything in their power to get that money. That's the rule of the game.


That being said, TA and etc. are all tools based on the history of crypto. Every prediction and analysis is where crypto has been and the current state of crypto, then one draws a conclusion for the future. The bottom line is no one knows anything or where crypto is headed. More importantly, it's fundamental to understand sentiment of people in crypto. More often than not, it's a significantly more potent tool than any TA can yield, but sentiment is very abstract area and nearly impossible to get a full grasp on without big data.

What a detailed explanation! You said we only know two things in crypto, which are; crypto past and crypto presence. But, there are traders and investors that have mastered the art of predicting the future prices, and almost always appear to be as they predicted.

What can one do to ensure that one's prediction of the future of crypto prices is accurate?

Detailed learning i must confess; and yes few people have mastered the acts of predicting bitcoin price movement over and over again. To also be able to predict such as individual; then we have to study, and widen our knowledge gap to an extent that we are able to apply fundamentals analysis to every facets of the economy and achieve the positive results.

I think its hard; because it requires personal commitment and real consistency.
legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
November 26, 2020, 01:15:18 PM
#62
Between crypto investment and trading, which do you recommend for a crypto enthusiast with low capital?


Personally; i think when you have low capital and you are an ethusiast; it is best to choose trading; by choosing trading you have an opportunity to learn and practice; you get an opportunity to develop and perfect a working strategy without feeling the impacts of losses or mistakes. Believe me, if with your little capital you are able to understand the philosophy and psychology and motives involved in trading; investment will come easiest for you.

Which of the coins should such person trade or invest in?..

I do not like to choose coins for enthusiasts; but if you are trading for profits or investment, bitcoin, litecoin and etherum comes handy if you can do your own research about them. Altcoins investment are superb too if you can find the right one


This really depends on the reason's you're getting into crypto in the first place. It also depends on if your life depends on the capital you're expending and your experiences with investments and trading prior to crypto.

It's critical to understand that whatever capital you put into crypto, presume that you will never get a return or may lose a substantial portion of that investment or trade. If you make a profit, great.

For newcommers, I do not recommend trading, I recommend investing in the top 5-15 cryptos with substantial liquidity and a overall a solid presence. The further you go down the crypto market ranks, the more risk you incur.. for better or worse.


To Wenbing's point, trading is not as easy as some make it appear to be. Yes, if you become highly skilled in understanding the underlining psychology in crypto, are excellent with micro-managing and have a solid understanding of all the core principals of what makes a successful trader, then by all means. But trading is not for everyone and the vast majority who day trade, lose or on average, make as much return as someone who "goes long."

I do not personally trade, I do not have the aptitude or patience for trading crypto's anymore.



Will the price of BTC ever go down in 2020?

I do not speculate on crypto prices. There are hundreds of crystal ball readers who will be more than happy to give you their predictions. But just understand, never trust anyone or any authority on crypto prices. That's a ticket to disaster and massive losses. No one has your interest in mind but yourself, trust only yourself. Crypto is money and everyone is trying to do everything in their power to get that money. That's the rule of the game.


That being said, TA and etc. are all tools based on the history of crypto. Every prediction and analysis is where crypto has been and the current state of crypto, then one draws a conclusion for the future. The bottom line is no one knows anything or where crypto is headed. More importantly, it's fundamental to understand sentiment of people in crypto. More often than not, it's a significantly more potent tool than any TA can yield, but sentiment is very abstract area and nearly impossible to get a full grasp on without big data.

What a detailed explanation! You said we only know two things in crypto, which are; crypto past and crypto presence. But, there are traders and investors that have mastered the art of predicting the future prices, and almost always appear to be as they predicted.

What can one do to ensure that one's prediction of the future of crypto prices is accurate?


No one has truly mastered the art of predicting future prices. More often than not, you're being highly misled. The very few who day-trade and are successful. They're usually not the average individual's who are tweeting or shilling out the coins they are invested in on a daily basis. There is a lot of noise in crypto, from news, to "influencers," to shillers and a whole lot of manipulation in between. The majority of day-traders lose heavily.

There is nothing you can do to ensure a prediction is accurate, the future is not certain and will never be certain. No one has a crystal ball. All you can do is estimate with the current data, knowledge and etc that you currently have. There of course many things you can do to reduce risk, such as controlling markets with more liquidity, social engineering, analyzing big data, and etc. But if you're not actively at the helm or leading these efforts or have direct insight, then you're just a pawn, a fish for the whales. There are many who seek to social engineer or pretend they have capital or insight, but again, the majority are creating this illusion, for the more ignorant, who believe without actually understanding what's occurring to them.


I'll stress again, no one has a crystal ball. If you truly read even the best estimates and wash away the excuses or inter-personally make excuses for them, then you will find the truth.. that they know no more about the future of crypto than you do. That's the honest reality. The ones who do make an accurate prediction, most likely did it out of pure-luck or predicted based on common knowledge and understanding. There are general and blanket statements you can make, like "Bitcoin will go to 20k again." But this is a purely empty statement, because I did not associate when. Bitcoin will go to 20k again in the next 100-years. Do you believe me? If you're in crypto and invested in Bitcoin this statement seems laughable, since the majority will almost concur with my line of reasoning even without evidence. All I would need to do is draw some trend-lines, do some elementary-school drawings of technical analysis, and suddenly I will become a "prediction expert" What if now I predicted Bitcoin will go to 50k in the next 1 day and backed it up with the most ridiculous TA chart? I'm willing to be I would get people to believe me.

The point I'm making is that predictions find the grey area based on current trends, sentiments, volume, capital.. etc. If they are even remotely close, that indvidiaul is claimed to be an expert. If you have significant capital or are a big name making a prediction, then of course that prediction must be correct! Not the case at all. They have their personal investments at stake and often are claiming 50-100k Bitcoin, but in reality are ready to cash out at any insignificant profit.  Predictions that can be argued one way or another. Predictions mostly based on past trends, but mostly just sentiment "how do you feel about Bitcoin's current price/market as a whole."

Anyways, this is something that truly is frustrating in crypto for me. There are so many opinions and so much noise, they actively devalue the entire crypto sphere with their "Get rich quick, get rich quick in 1 day" mentality. The most detrimental and dangerous types of individuals to crypto are these types of morons.
legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
November 26, 2020, 01:10:47 PM
#61
What is the most underrated project in your opion? And can you explain it in an abbreviated way cause I dont have much time to read the newspaper

What innovation do Ethereum need to go further in the future?

Thank you

To me, i feel that LTC AND Tron are a pair i feel are so underrated in the crypto currency space. i say this because when we compare the  relative characteristics of litecoin when compared to bitcoin in terms of speed of transaction amongst others; you will realize what am saying.

Also, when we compare Tron blockchain and etherum blockchain (i am not saying tron is better), we will realize that tron speed; smart contract relatively easy; and price solidity and volume; you would see that tron is underrated.

I am not sure how best to define the differences; if you can state better than this please help.

What is the most underrated project in your opion? And can you explain it in an abbreviated way cause I dont have much time to read the newspaper

What innovation do Ethereum need to go further in the future?

Thank you


Please do not shill or talk about specific coins in this thread. There are thousands of areas where you can shill or talk about a coin you like or think will do well or ask for people to shill you the next billion dollar investment. This is not the place for it. Please read the topic post.

legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
November 26, 2020, 01:08:28 PM
#60
My cousin made in excess of 1 million usd following the suggestions of a member here. He started with less than 2000 dollars.
Those that he invested in previously sunk over 90% and he is buying them all over again?
Is that a sensible move? I am invested in some of those also but is it true regardless of the actual technical value or potential design excellence most investors are of the mindset that only the latest projects have a chance to make the top 10 or the big time.

Do you think marketing and hype sway investors more than the technical superiority due to many not being able to evaluate or understand the designs? And the advantages they offer?


Yes, this is typically a wise move. But I wouldn't count on being as "lucky" or well positioned as the first time he/she invested. I really don't want to speculate any further on this matter.


It's a balance. There have been countless projects that have both technical superiority and have seen success and marketing-based projects that have seen significant success. I would argue, on average, a technical superior project often wins the long-race over marketing hype/sway over investors. This is at least true to a significant extent. The outliers remain once certain crypto's hit a "threshold," shitcoins like XRP, Bitcoin clones and etc, with hundreds of million or billions in volume.

Monero or Dash for example have held tightly in the top-50, their presence is solidified not based on hype, but the technical superiority they offer.


There are hundreds of examples and types of coins you can pick and choose from to argue both points, marketing or technical.


For new coins, it's a balance. At the start, new coins need significant hype and attention to achieve milestones or goals such as getting funded or etc. But, without sustained and continued improvements to technical foundations or continued innovation, they will eventually die out due to the lack of hype or excitement. The majority of marketing can't exist without a solid technical foundation or a tech team that is continually delivering on objectives. Marketing in crypto is at its core, communicating what the project is doing.


I can get much more detailed on this, since it really does pertain to what I work on with teams. If you want more information or want a more detailed explination, feel free to ask a more specific question.
member
Activity: 532
Merit: 36
There is gold in volatility..
November 26, 2020, 10:21:59 AM
#59
Between crypto investment and trading, which do you recommend for a crypto enthusiast with low capital?


Personally; i think when you have low capital and you are an ethusiast; it is best to choose trading; by choosing trading you have an opportunity to learn and practice; you get an opportunity to develop and perfect a working strategy without feeling the impacts of losses or mistakes. Believe me, if with your little capital you are able to understand the philosophy and psychology and motives involved in trading; investment will come easiest for you.

Which of the coins should such person trade or invest in?..

I do not like to choose coins for enthusiasts; but if you are trading for profits or investment, bitcoin, litecoin and etherum comes handy if you can do your own research about them. Altcoins investment are superb too if you can find the right one


This really depends on the reason's you're getting into crypto in the first place. It also depends on if your life depends on the capital you're expending and your experiences with investments and trading prior to crypto.

It's critical to understand that whatever capital you put into crypto, presume that you will never get a return or may lose a substantial portion of that investment or trade. If you make a profit, great.

For newcommers, I do not recommend trading, I recommend investing in the top 5-15 cryptos with substantial liquidity and a overall a solid presence. The further you go down the crypto market ranks, the more risk you incur.. for better or worse.


To Wenbing's point, trading is not as easy as some make it appear to be. Yes, if you become highly skilled in understanding the underlining psychology in crypto, are excellent with micro-managing and have a solid understanding of all the core principals of what makes a successful trader, then by all means. But trading is not for everyone and the vast majority who day trade, lose or on average, make as much return as someone who "goes long."

I do not personally trade, I do not have the aptitude or patience for trading crypto's anymore.



Will the price of BTC ever go down in 2020?

I do not speculate on crypto prices. There are hundreds of crystal ball readers who will be more than happy to give you their predictions. But just understand, never trust anyone or any authority on crypto prices. That's a ticket to disaster and massive losses. No one has your interest in mind but yourself, trust only yourself. Crypto is money and everyone is trying to do everything in their power to get that money. That's the rule of the game.


That being said, TA and etc. are all tools based on the history of crypto. Every prediction and analysis is where crypto has been and the current state of crypto, then one draws a conclusion for the future. The bottom line is no one knows anything or where crypto is headed. More importantly, it's fundamental to understand sentiment of people in crypto. More often than not, it's a significantly more potent tool than any TA can yield, but sentiment is very abstract area and nearly impossible to get a full grasp on without big data.

What a detailed explanation! You said we only know two things in crypto, which are; crypto past and crypto presence. But, there are traders and investors that have mastered the art of predicting the future prices, and almost always appear to be as they predicted.

What can one do to ensure that one's prediction of the future of crypto prices is accurate?



Between crypto investment and trading, which do you recommend for a crypto enthusiast with low capital?


Personally; i think when you have low capital and you are an ethusiast; it is best to choose trading; by choosing trading you have an opportunity to learn and practice; you get an opportunity to develop and perfect a working strategy without feeling the impacts of losses or mistakes. Believe me, if with your little capital you are able to understand the philosophy and psychology and motives involved in trading; investment will come easiest for you.


Do you mean i can only become better in crypto through experimentation? I should use the little capital i have to experiment. you know that every experiment has two sides; which are either you win or you loose.

What if i loose the little capital, how will i continue my experimentation in the journey of crypto mastery?


[moderator's note: consecutive posts merged]
member
Activity: 421
Merit: 47
November 26, 2020, 08:34:10 AM
#58
What is the most underrated project in your opion? And can you explain it in an abbreviated way cause I dont have much time to read the newspaper

What innovation do Ethereum need to go further in the future?

Thank you

To me, i feel that LTC AND Tron are a pair i feel are so underrated in the crypto currency space. i say this because when we compare the  relative characteristics of litecoin when compared to bitcoin in terms of speed of transaction amongst others; you will realize what am saying.

Also, when we compare Tron blockchain and etherum blockchain (i am not saying tron is better), we will realize that tron speed; smart contract relatively easy; and price solidity and volume; you would see that tron is underrated.

I am not sure how best to define the differences; if you can state better than this please help.
sr. member
Activity: 750
Merit: 258
November 24, 2020, 08:22:35 PM
#57
What is the most underrated project in your opion? And can you explain it in an abbreviated way cause I dont have much time to read the newspaper

What innovation do Ethereum need to go further in the future?

Thank you
legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
November 24, 2020, 08:10:22 PM
#56
1. Now that the court is demanding for users data from centralized exchanges do you think that users will stop using centralized exchanges and finally move to DEX? Are centralized exchanges going to lose their reputations after this?

2. Some new projects are still finding it very hard to use exchanges like binance to raise fund through IEO because of the cost, what could be the best solution for such young crypto projects?


3. If IEO have good hype presently will they perform as good as ICO did in 2017 when the bullrun and altcoin season are present?

1. Now that the court is demanding for users data from centralized exchanges do you think that users will stop using centralized exchanges and finally move to DEX? Are centralized exchanges going to lose their reputations after this?

No, CEX will not lose the confidence of traders or investors. I will even argue they will never be usurped by DEXes.

Let me be quite frank here, there are many negatives to centralized exchanges: centralization of crypto supplies, security vulnerabilities, monopolistic tenancies, hacks... etc. But, for an average person, a DEX will always be a niche.

If people are attempting to avoid or are afraid of the law, then I'm going to assume they are most likely doing something wrong or not according to their countries law. Does that make it bad? That's not really for me to judge. There are of course scenarios were there are legitimate reasons why someone would absolutely need to be off the radar, such as people from authoritarian counties, China and etc.

For the average person, a CEX will be the most convenient and in most scenarios, the safest option to invest/trade cryptos with.


Does this thought process strip away the ideals of what a crypto is. Yes. But, I'm talking reality here and tendencies of human behavior and what has transpired over the last years. Binance continues to be largest exchange because they consistently innovate, are the most convenient, safe and trusted. Binance is also the most centralized and monopolistic exchange in all of crypto, especially now that they fall under Chinese law since Hong Kong has been stripped of its democracy.

The biggest threat to crypto in the immediate future is Binance. But I've not seen any conversations, critiques or warnings of what a danger Binance poses to the entire crypto ecosystem. That's because no one really cares anymore. As long as investors and traders can make money, then any exchange that's not a scam will be sufficient.


2. Some new projects are still finding it very hard to use exchanges like binance to raise fund through IEO because of the cost, what could be the best solution for such young crypto projects?

A general rule of thumb is that the market dictates what a good and bad project is. This is determined on how experienced teams are, how balanced they are, what types of resources and connections they draw from.

There are hundreds if not thousands of teams who would love to make a crypto and have attempted to do so. The reason many fail is due to having various of issues, including poor communication, marketing, tech, bad ideas, useless ideas, etc etc. I could make an enormous list for you on why teams fail and can't raise funds. It generally means because the project is a failure.

A good team and good project will almost always succeed to raise funds and launch whatever they are launching. Bad projects can succeed too, often maliciously or by a miraculous mirage.



3. If IEO have good hype presently will they perform as good as ICO did in 2017 when the bullrun and altcoin season are present?


This is a highly speculative question. If you want to ask me a different variation of this question, I may answer it.

In summation, the general trend in crypto is that altcoin rises come on the heels of any major Bitcoin gains. Most altcoins don't follow Bitcoin's trail though, they follow Ethereum's gains. Ethereum follows Bitcoin. So, if you're waiting for an alt-season boom ever, then watch Ethereum. Eth generally dictates all the ERC-20 tokens and competitors.

But yes, Bitcoin booms generally coincide with altseasons, if Bitcoin doesn't dump too quickly.
legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
November 24, 2020, 07:51:23 PM
#55
As much as I would like to answer your question, it really doesn't matter what coins I've invested in or what surprised me, unless you're genuinely curious. In reality, everyone has a coin that has disappointed them or did not live up to their full-potential or what they were marketed as. That's the nature of crypto. If you can dig in deep and filter the shit, the lies and the truth then you're way ahead of everyone else in this space. The golden word - research.

...

And sorry, I will not mention any specific crypto's I've invested in/traded in previously. Although, I may have mentioned somewhere else.

Uh, OK, I wasn't necessarily asking about coins that you personally had invested in, just one that you thought was really going to make it big time and then didn't.

For example, for me personally I thought WAX (WAXP) was going to explode this year but it really hasn't. I am not (no longer) invested in WAX but given all they have going on, I'm surprised they're not at least 3x higher by this point.

Ah, Worldcoin back in 2014. I thought it was going to make it the big time, like overthrowing Bitcoin. I was pretty naive and new to crypto, turned out there was some scam or dumping that occurred, can't even recall. It was a much different era back then though.

- There was another coin called eMunie that was around 2014-2015, was in development for like a year or two. Thought that would be massive. Turned out to be a massive scam.
- Syscoin is another, but the Mintpal fisaco permanently damaged their reputation and prospects.

More recently, It's been me being surprised that X coin gained or moved ridiculously high and sustained, (recently, Band and Elrond), but I never invested in them.


To be completely honest, I have of course have my own portfolio (I don't directly invest in any crypto or trade though) and I've always been super bullish on every crypto I acquire (usually from projects/teams I work for directly), but nothing really surprises me massively anymore. I've seen crazy gains, crazy losses, huge fakeouts and etc.

I don't really see much potential in any crypto anymore to usurp the current status of the majority of coins. There will always be new gems, but chances are that we won't see them until they are massive, even I miss major crypto launches despite spending hundreds of hours per month researching and reading about old and new cryptos. I've been acquiring a more cynical view of cryptocurrency teams and new coins to launch in the past year. This is mainly due to DeFi shitcoins that flooded the environment and continue to do so, 2017 ICO boom all over again. Although, DeFi token launches now mimic the crypto climate in 2013-2015 rather than 2017-2018. Strange how cyclic things seem to be in retrospect.
jr. member
Activity: 59
Merit: 3
November 24, 2020, 06:08:14 PM
#54
My cousin made in excess of 1 million usd following the suggestions of a member here. He started with less than 2000 dollars.
Those that he invested in previously sunk over 90% and he is buying them all over again?
Is that a sensible move? I am invested in some of those also but is it true regardless of the actual technical value or potential design excellence most investors are of the mindset that only the latest projects have a chance to make the top 10 or the big time.

Do you think marketing and hype sway investors more than the technical superiority due to many not being able to evaluate or understand the designs? And the advantages they offer?
legendary
Activity: 3010
Merit: 8114
November 24, 2020, 06:03:53 PM
#53
As much as I would like to answer your question, it really doesn't matter what coins I've invested in or what surprised me, unless you're genuinely curious. In reality, everyone has a coin that has disappointed them or did not live up to their full-potential or what they were marketed as. That's the nature of crypto. If you can dig in deep and filter the shit, the lies and the truth then you're way ahead of everyone else in this space. The golden word - research.

...

And sorry, I will not mention any specific crypto's I've invested in/traded in previously. Although, I may have mentioned somewhere else.

Uh, OK, I wasn't necessarily asking about coins that you personally had invested in, just one that you thought was really going to make it big time and then didn't.

For example, for me personally I thought WAX (WAXP) was going to explode this year but it really hasn't. I am not (no longer) invested in WAX but given all they have going on, I'm surprised they're not at least 3x higher by this point.
member
Activity: 421
Merit: 47
November 24, 2020, 05:51:48 PM
#52
Between crypto investment and trading, which do you recommend for a crypto enthusiast with low capital?


Personally; i think when you have low capital and you are an ethusiast; it is best to choose trading; by choosing trading you have an opportunity to learn and practice; you get an opportunity to develop and perfect a working strategy without feeling the impacts of losses or mistakes. Believe me, if with your little capital you are able to understand the philosophy and psychology and motives involved in trading; investment will come easiest for you.

Which of the coins should such person trade or invest in?..

I do not like to choose coins for enthusiasts; but if you are trading for profits or investment, bitcoin, litecoin and etherum comes handy if you can do your own research about them. Altcoins investment are superb too if you can find the right one


This really depends on the reason's you're getting into crypto in the first place. It also depends on if your life depends on the capital you're expending and your experiences with investments and trading prior to crypto.

It's critical to understand that whatever capital you put into crypto, presume that you will never get a return or may lose a substantial portion of that investment or trade. If you make a profit, great.

For newcommers, I do not recommend trading, I recommend investing in the top 5-15 cryptos with substantial liquidity and a overall a solid presence. The further you go down the crypto market ranks, the more risk you incur.. for better or worse.


To Wenbing's point, trading is not as easy as some make it appear to be. Yes, if you become highly skilled in understanding the underlining psychology in crypto, are excellent with micro-managing and have a solid understanding of all the core principals of what makes a successful trader, then by all means. But trading is not for everyone and the vast majority who day trade, lose or on average, make as much return as someone who "goes long."

I do not personally trade, I do not have the aptitude or patience for trading crypto's anymore.

 

I do agree with you; and this is one reason why we have to keep re emphasizing to newbies and ethusiasts who are just taking up a seat in the crypto space to never borrow to trade or invest in cryto currency. Start up capital for every newbie traders or investors, must be funds that we can survive without.

But also on the contrary; i think and believe that trading is easy; but the processes to have a good trade history is where the complications comes in. How many learning traders are willing to sacrifice time and patience  to follow up a process to the profitable end?
 
member
Activity: 196
Merit: 11
https://blockmembers.io/
November 24, 2020, 12:37:08 PM
#51







Ask a Crypto Question

I've been active within crypto for over 5 years now, and since the recent Bitcoin spike, there's been a lot of questions from newer community members in this alt-discussion forum. I've experienced and been in many of the situations you have, along with many of the other veterans of the crypto-world, that linger here. It's ultimately my passion to share what i know, and assisting others with wisdom and insight into all things related to crypto.


I invite you and anyone to ask any question pertaining to cryptocurrency and blockchain.
The only types of questions i will not answer, are those specific to a crypto, questions like "What do you think about Ethereum?" "What coin are you investing in?" ... etc.




This thread is open for anyone to ask questions, and anyone should feel free to answer them. The thread will be modded in-case of spam (from Google) and inconsistent discussions not pertaining to the topic.



This thread should not be used for investment/trading decisions or be declared as financial advice. Always DYOR and always invest/trade carefully.
What do you think will be the direction of the crypto market in 2021?
And what do you think of crypto mass adoption when it will be achieved?
legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
November 24, 2020, 12:34:15 PM
#50
We are near contemporaries and I was happy to see you made a merit source, even if that was a year or more ago -- you're one of the few true heads who really stuck in out in Altcoin Discussion even after it became overwhelmed by spam. Here, let's try to test your memory:

What is one coin that you truly thought was going to moon, perhaps even rival bitcoin because you believed it was that awesome, but then sank into nothingness?

Most of us come across these types of coins every once in a while, but for you -- what coin's failure surprised you the most?

Thank you for the complements, I always try my best to give back to the crypto community. There's a lot of misinformation and manipulation on a regular basis. It's super important for people to try to continually bring integrity and non-biased (as much as humanely possible) to this field.


As much as I would like to answer your question, it really doesn't matter what coins I've invested in or what surprised me, unless you're genuinely curious. In reality, everyone has a coin that has disappointed them or did not live up to their full-potential or what they were marketed as. That's the nature of crypto. If you can dig in deep and filter the shit, the lies and the truth then you're way ahead of everyone else in this space. The golden word - research.

If anyone has been in crypto since at least 2017-2018, then chances are that the vast majority of those individuals invested in something that is now worthless or dead. If you somehow invested in a crypto that now resides in the top 50 today, then kudos to you, you're probably (and I'm guessing here), among the 5-10% of those who made a wise choice.


And sorry, I will not mention any specific crypto's I've invested in/traded in previously. Although, I may have mentioned somewhere else.
legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
November 24, 2020, 12:28:18 PM
#49
Between crypto investment and trading, which do you recommend for a crypto enthusiast with low capital?


Personally; i think when you have low capital and you are an ethusiast; it is best to choose trading; by choosing trading you have an opportunity to learn and practice; you get an opportunity to develop and perfect a working strategy without feeling the impacts of losses or mistakes. Believe me, if with your little capital you are able to understand the philosophy and psychology and motives involved in trading; investment will come easiest for you.

Which of the coins should such person trade or invest in?..

I do not like to choose coins for enthusiasts; but if you are trading for profits or investment, bitcoin, litecoin and etherum comes handy if you can do your own research about them. Altcoins investment are superb too if you can find the right one


This really depends on the reason's you're getting into crypto in the first place. It also depends on if your life depends on the capital you're expending and your experiences with investments and trading prior to crypto.

It's critical to understand that whatever capital you put into crypto, presume that you will never get a return or may lose a substantial portion of that investment or trade. If you make a profit, great.

For newcommers, I do not recommend trading, I recommend investing in the top 5-15 cryptos with substantial liquidity and a overall a solid presence. The further you go down the crypto market ranks, the more risk you incur.. for better or worse.


To Wenbing's point, trading is not as easy as some make it appear to be. Yes, if you become highly skilled in understanding the underlining psychology in crypto, are excellent with micro-managing and have a solid understanding of all the core principals of what makes a successful trader, then by all means. But trading is not for everyone and the vast majority who day trade, lose or on average, make as much return as someone who "goes long."

I do not personally trade, I do not have the aptitude or patience for trading crypto's anymore.



Will the price of BTC ever go down in 2020?

I do not speculate on crypto prices. There are hundreds of crystal ball readers who will be more than happy to give you their predictions. But just understand, never trust anyone or any authority on crypto prices. That's a ticket to disaster and massive losses. No one has your interest in mind but yourself, trust only yourself. Crypto is money and everyone is trying to do everything in their power to get that money. That's the rule of the game.


That being said, TA and etc. are all tools based on the history of crypto. Every prediction and analysis is where crypto has been and the current state of crypto, then one draws a conclusion for the future. The bottom line is no one knows anything or where crypto is headed. More importantly, it's fundamental to understand sentiment of people in crypto. More often than not, it's a significantly more potent tool than any TA can yield, but sentiment is very abstract area and nearly impossible to get a full grasp on without big data.
member
Activity: 421
Merit: 47
November 24, 2020, 06:53:58 AM
#48
Between crypto investment and trading, which do you recommend for a crypto enthusiast with low capital?


Personally; i think when you have low capital and you are an ethusiast; it is best to choose trading; by choosing trading you have an opportunity to learn and practice; you get an opportunity to develop and perfect a working strategy without feeling the impacts of losses or mistakes. Believe me, if with your little capital you are able to understand the philosophy and psychology and motives involved in trading; investment will come easiest for you.

Which of the coins should such person trade or invest in?..

I do not like to choose coins for enthusiasts; but if you are trading for profits or investment, bitcoin, litecoin and etherum comes handy if you can do your own research about them. Altcoins investment are superb too if you can find the right one
newbie
Activity: 41
Merit: 0
November 24, 2020, 05:46:12 AM
#47

Will the price of BTC ever go down in 2020?
member
Activity: 266
Merit: 11
November 24, 2020, 01:35:11 AM
#46
1. Now that the court is demanding for users data from centralized exchanges do you think that users will stop using centralized exchanges and finally move to DEX? Are centralized exchanges going to lose their reputations after this?

2. Some new projects are still finding it very hard to use exchanges like binance to raise fund through IEO because of the cost, what could be the best solution for such young crypto projects?

3. If IEO have good hype presently will they perform as good as ICO did in 2017 when the bullrun and altcoin season are present?
legendary
Activity: 3010
Merit: 8114
November 24, 2020, 01:14:21 AM
#45
We are near contemporaries and I was happy to see you made a merit source, even if that was a year or more ago -- you're one of the few true heads who really stuck in out in Altcoin Discussion even after it became overwhelmed by spam. Here, let's try to test your memory:

What is one coin that you truly thought was going to moon, perhaps even rival bitcoin because you believed it was that awesome, but then sank into nothingness?

Most of us come across these types of coins every once in a while, but for you -- what coin's failure surprised you the most?
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