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Banito23

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Everything posted by Banito23

  1. The income in the crypto world is definitely numerous. Becoming a crypto writer, depends on the level. Content writing can be lucrative depending on the platform where it's been displayed. For me, trading will be more lucrative, for the fact of leveraging your capital. The two scenero cannot be compared. Trading is the most accepted part.
  2. My first purchase with crypto is numerous. Am an investor with many diverse investments, the success story was made possible because of my early knowledge on crypto. I can remember back then in 2007, I bought a wrist watch with the first Bitcoin I earned online. Ever since then, am gaining more properties online just with my earned cryptos.
  3. Crypto can change your life depending on your level of experience. I came across a youth that was making $200 in two days. But this young youth gave some sacrifices and was fully equipped with the basics to trading. Crypto can help an individual, but it requires absolute knowledge of how it works.
  4. It is too annoying for someone to spend his/her time and effort to join a project, then the project is later considered a scam. Many projects nowadays, discourages the attention of its followers. At first, they will promise many missions that are unrealizable, thereby causing many unbelieve minds to the real projects. Infact, sometimes I feel discourage to join projects because of the bad eggs among the good ones.
  5. Bitcoin has shown it's responsibility as a father to all cryptos by toping the coinmarketcap for many years. I don't think Bitcoin will stop acting as number one unless when the total supply of 21 million Bitcoins is met. With this, demand may surpass supply. Only demand and supply will always determine the price of Bitcoin.
  6. Absolutely, this is a good news to the world of crypto currencies. PayPal is one of the biggest payment processor in the world. Their involvement in creating that option will create more awareness of cryptocurrencies to the world. Sooner, we will all hear they want to list their own coin. This is a wonderful development.
  7. The reason why some Governments restrict the use of cryptocurrencies, is to regulate how money flows in the country. But some countries, are doing this out of ignorance of power of blockchain. Many countries have legalized the use of cryptocurrencies, while some are yet to do so. But one thing is sure, that by 2030, the world will be digitalized.
  8. Frankly writing, it is annoying for someone to bring out his/her time to join or believe a project, but at the end, the reward will come as disappointment. Fake projects now operates online like a moving vehicles on highways. To avoid them, we need more investigations before joining to avoid saying " had I known".
  9. This is a nice one for Twitter, at least to avoid some online scams. Twitter is one of the best social media with good security protections. Recently, Facebook just applied some security measures to help individuals against scams, but the rates of scammers on Facebook is very annoying. Well, hope soon they will be able to reduce that.
  10. There are many scams on the internet nowadays. They now perform their acts with different tactics, but for the purpose of this subject, there a number of ways to identify them. Firstly, their persuading promises. They will buy your mind their sweet write ups, promising for the impossibles. Secondly, always search for other people opinions on that project, this will help reach conclusions.
  11. 2factor authentication is usually a way to put high security to either a wallet or any online account to avoid been manipulated by a third party. There are numerous 2factor authenticators out there, but the best and the one I will go for, is the Google 2factor authenticator.
  12. 2020, is already coming to an end, and many. Top 10 cryptos are currently performing well when it comes to their current price. The likes of Bitcoin, etherium, Bitcoin cash and many of them have maintained their positions by price and level of adoption.
  13. When it comes to cryptocurrencies transaction speed, many cryptos are not performing well. The transaction speed of Bitcoin is determined by the number of people currently handling transactions at that moment, which normally sends the fees high. The Tron blockchain has one of the fastest transaction speed.
  14. Bitcoin has come to stay. No one has any right to terminate Bitcoin. If Governments can do that, by now no one will still be hearing about Bitcoin again. But I feel, after the total supply of 21 million Bitcoins is met, mining will stop and people will start looking for an alternative crypto thereby bring competition to the market.
  15. The much appreciation will come from those that knows the value of the gift. I have not given anyone such a fantastic gift. Giving someone a wallet worth of some Bitcoin or Etherium is a blessing indeed, but not now everyone is trying to survive the Covid-19 epidemic.
  16. Finding a good project will require a thorough investigations, because the world of cryptos is full of scammers. Many will promise heaven and Earth during ICO, but with a devilish mindset. Good projects, are seen by their actions, I mean when they have a market listing or when they start trading.
  17. Buying Bitcoin in 2010, would have been a dream come through. But back then, no one knows it will be this promising. 2010, was a good year to buy Bitcoin, because it's innovation start around 2009. Let's just hope for another opportunity. Those that took that early decision, are billionaires today.
  18. Many countries have refused the adoption of cryptocurrencies, not only India. The reason for that, is ignorance of the work of blockchain. But that is normal, soon I believe, all parts of the world, will embrace cryptos and discover the efficacy of adopting blockchain.
  19. A volatile market is a money making market. Yes, price volatility is the beauty of cryptocurrencies. But what is price volatility? Price volatility is a process or the rate by which price of an assets changes direction. This is very important in trading, because no one can make money in a stagnant market.
  20. That will be my last decision so far. Crypto is becoming more interesting this days, many countries that refused the adoption of crypto currencies, are now find a way to join the train due to misfortune caused by covid-19. I don't think I will leave crypto for now.
  21. Risk is always Paramount in trading, always trade what you can loose. Becoming a professional trader only require devotion. Don't repeat your mistakes. Search for cryptocurrencies news to feed yourself with enough information of what is happening and what is going to happen.
  22. We must always put into consideration that leverages are the most easiest way to loose money. Be warned also that any leveraged product involves some amount of risk. No trader can even try such huge leverage of 125*.
  23. Mining Bitcoin can help you earn on cryptos. There are many mining equipments out there, all you need is a thorough investigation on the best. But currently, yobit.net has a profitable visual mining. Do your research well, and you can make it.
  24. Discipline in trading also goes with being careful, because your small mistake can flush out a huge account balance. My discipline will still be on the upside, greed is not in my arsenal. Being cautious is the key.
  25. That is the problem crypto is having in my countries. China is a country with much populations, they also discriminate from so many innovations of the world that didn't come from them. I hope with time, they will adopt their only form of blockchain.
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