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Magnom

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Everything posted by Magnom

  1. Sometimes the price of bitcoin is affect on all cryptocurrencies in the market and sometimes it isn't.. The volatility is the nature of this cryptocurrencies market and noone knows what would happen if some whales want to buy ir sell huge amounts of their cryptocurrencies in a short period!
  2. Sometimes i say yes.. Especially because of its huge volume! Even if bitcoin is still like the king of all cryptocurrencies but Eth is really compitete with bitcoin and it's becoming stronger and more popular day by day!
  3. Knowing how to write and understand English well is really important in the English section of this forum.. Even if you have good knowledge about this cryptocurrencies world but exchanging your knowledge with the members here requires knowing English well.
  4. 2020 would be really one of the most important years for all cryptocurrencies! Especially because of the bitcoin's halving event.. But i think that it may take a long time to see a rising in the prices.. Maybe we would see a bullrun in the end of this year.. Also because of the bullrun, some weak coins would die in my opinion.
  5. Choosing the right wallet is really important for everyone who is interested in this cryptocurrencies world! There is really a strong competitions between wallets' companies and each one trying to be the most secured and popular.. Also we should be aware about using hardware wallets because they are become more popular day by day.
  6. Using hardware wallets become more popular day by day.. Each one who avoid using hardwallets for safety,so you all should know that hardware wallets are secured well , also if it is stolen , you can restore your money easily without loosing them! Thanks for sharing these hardware wallets list with us.
  7. Mining is profitable in everytime in my opinion, but this depends on the price of the electricity in your area, and if you can buy expensive special devices for mining! Maybe this isn't profitable for persons as you predic! But it's still profitable for companies.
  8. Magnom

    Trading,hold?

    I think that holding like making a very long term deal.. It's all about trading! And trading isn't easy as it sounds.. It requires enough knowledge about this cryptocurrencies world and good experiencses in analysing cryptocurrencies' charts.
  9. There are many people don't even know about this cryptocurrencies world! Especially in the third world countries.. Maybe their governments don't want their people even to know about cryptocurrencies to avoid them from using them in their financial transactions.
  10. Mining these days isn't like it was in a few years before.. And you didn't mention in your post the most important issue about mining.. Mining requires a good amount of electricity.. So this depends on the price of electricity in your area.. You should calculate it before start mining..
  11. My first online wallet is trust wallet.. And i am still using it till now! It's really secured well and easy to use for everyone! First i heard about it i didn't predict that i will use it for a long time.. But i find no reason to replace it with another wallet!
  12. This year is really important for bitcoin especially because of the halving event.. But about reaching 12,000$ .. This will happen but it would take a long time in my opinion.. Maybe we will see a rising in bitcoin's price in the end of this year.
  13. This is really a huge project! And it requires a huge amount if money. You will need to do something special to make people use your exchange my friend! It isn't easy as it sounds ! But if you plan it well and have good strategies ,so do it.
  14. The volatility is the nature of cryptocurrencies market! So monitoring the prices every hour wouldn't give you a clear view about the supply and demand.. At least, you should see the price at the beginning and the end of a day.
  15. If you know that the cryptocurrency which you want to invest in is really strong and its volume is high, and if you invest in trusted exchange.. So the risks would be a liitle.. But when you invest in scam cryptocurrencies or fake sites so you may lose all your money in a while!
  16. Libra coin's project hasn't launched till now.. There are many difficulties facing this project and there are many governments and banks against it! But i think that there would be good news in a few months later about this project.. Maybe they will accept this project after putting some limits on it.
  17. Learning how to trade and convert your cryptocurrencies to anothers in the exchange which you use is really important! Migo has answered your question well,and i suggest you to learn everything in your exchange because you will need to do many things there.. Also, that's good from you as a beginner to know about withdrawal fees, there are many people pay high fees without knowledge.
  18. Adding new languages is a good idea to make this forum more popular and reach more people with different languages.. But the mission of the moderators would be much harder and they would need to find good moderators to monitor all sections in different languages! Also English and Russian are the most popular languagues in the world and enough to advertise this forum.
  19. I prefer to invest only in the best ten coins in the market and avoid the scam coins on yobit.. Sometimes you may invest in a new coin and you think that the percentage of its profits is high but after your investing you find that the coin's price was fallen and you lost a lot.
  20. The technology of blockchain and wallets is really great and it's secured well.. But about scammers, they are everywhere especially in this crypto world! So the wallet's job is saving us from hackers and our job is avoiding the scammers in my opinion.
  21. You, who choose if your panic your friend or your enemy in my opinion! And you are right, i find it my friend sometimes and it saved me from loosing my money more than one time.. So controlling our emotions during trading is really important i guess.
  22. Most of these cloud mining sites are fake or scam.. You should be aware and get enough knowledge about any site like this before giving them your money.. Cloud mining sites were profitable in the past, but these days they just give you a little amount.
  23. Using a verified account is really better in.my opinion! Because of that i am doing legit transactions so i will not be afraid from verifying my account! This is better in order to be able to restore your money if your account was closed.
  24. Yobit is a great exchange and it is secured well.. In my opinion, the only way to lose our yobit accounts is that our ignorance about how to secure our accounts well! Try to choose a strong password and active 2Fa and everything will be ok
  25. This year is really important for bitcoin and all cryptocurrencies.. Especially because of the halving event of bitcoin! I predict that the price would reach 19,000$ at the end of this year.. But it's really hard to be sure about that!
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