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Posts posted by Opinder
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Actually I use bitcoin for investment purposes. I do not use it for payments because still it is not used in our country for payments. Secondly I will not use it for payment because it has high transaction fee I wil use cheaper coins. I will just choose it to invest and hold to increase my wealth.
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I will only prefer bitcoin because it can break records at any time. Although it is expensive but does not matter, I can buy it in small amount. It is the only coin which can change my life.
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I do not invest only one time in crypto. Whenever price go down I buy small amount of coins. I like to invest more and more but i do not have much funds right now. I have invested around $2000 in crypto and surely I will get high profit in this year.
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You should consider the some important facts to select coin like high market cap, high price, low supply, worldwide acceptence. I recommend you xrp it is going to accept by banks of many countries.
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India and China are big markets of the world. China has started supporting crypto and if India also start supporting it then it will be on boom. But I do not think India is going to do something for crypto in 2020.
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I just like to buy coins whenever they go down and accumulate them. I believe that crypto has good future and this accumulated amount will give me best profit.
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I also prefer coins which are established in the market than new coins because most of the new coins are scam we can not trust them easily. Although new coins may be high profitable but we can not trust them untill they are not established properly.
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Eos coin has most fast transaction speed per second. It has overpassed the visa TPS(1700) with 3000 TPS. Dapps builders on eos blockchain claimed that now it has speed of 50000 TPS.
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Basically I do not want that bitcoin price should rise too much because at the moment price is low but we are able to earn freely although it is less earning but still we are earning. But if price wil increase we can not get too much profit because yet we have not that much amount of coins which can change our life totally and we do not need to earn more. When bitcoin price will rise then free earning totally vanished. And if you are talking about trading then trading is still profitable now.
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It is long period but if you say it will be there in 2050. Then lots of changes will be in crypto. First of all it will be stable in 2050. And there would be some procedures to work in crypto. Because it would only work in systematic way. With too much privacy it will create lots of problems. And bitcoin, ethereum and litecoin will still survive upto 2050.
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Halving is the main factor for the rise of bitcoin in 2020. Although halving is not an event but it will definately increase demand of bitcoin which will lead to rise in the price.
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Yes you are right. We should hold bitcoin for long term because it is just starting of crypto and with time its acceptence is increasing which will promote demand and price. Instead of losing in trading we can earn high with holding.
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I think if you are looking for investment on sites then I do not recommend you to invest. Because we can not trust on any site but if you want to invest then you can deposit on BLOCKFI site and earn 6% interest annually. Celsius and nexo are another options.
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Definately it is reachable price in 10 year period Because its price will increase with increasing demand and its demand will increase to much with time. So we can expect price of $1 million upto 2030.
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Yes, we are ready to get good earning from crypto. I wish crypto will change my life in 2020. I will only work in top coins so I think this year is going to be big for me. Happy new year to all of us.
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In simple words I want to tell you that you can not earn free bitcoin on any site. Every site attract to you for joining but at the time of withdrawal they asked to deposit and then you can take withdraw. I have found only two sites which are too much best like cryptotalk and freebitco.in. Only these sites give you free withdrawal.
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Stop loss point is a good to protect you from high loss. I mostly select stop loss point upto 10% or 15% of price . I always play with safe hands. I do not want to take high risks.
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When I get profit it is my golden moment but if i find a mistake it is also give me knowledge which helps me in future to protect loses. Basically my mistakes tell me I should wait for more or not.
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I think short term trading is better because crypto has high fluctuations at every moment so one can earn high in short time but long term trading sometime high risky because in long term price go more low and recover of loss become more risky.
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I use crypto currency because it is future currency and I want to learn. Second I want to earn from it and I know bitcoin has great potential to make us rich in short term.
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Although crypto is unstable and critical on many places but crypto has potential to change anyone's life in few days. In my opinion if everything will go right then bitcoin holders will be the most richest persons in the world. Because it is predicted bitcoin can touch upto $1 million price in future.
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European central bank addressed that xrp is a important cryptocurrency and ECB more interested in blockchain technology. The head of ECB said xrp can protect EU from financial collapse. So high chances that ECB will adopt xrp in 2020.
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Still I do not have much volume of altcoins in my wallet but I have some litecoins whose price are showing upward trend from two days but I do not like to trade because holding is better because now price started rising and it will give you high profit after some time which you can not get in trading.
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Faucet and PTC now are profit less because after spending whole of the day on different sites you can only earn upto 5000 satoshis but some PTC sites have withdrawal fee also which reduce your earning more. I have worked on many sites but did not reach on the minimum withdrawal limit. So I left that sites.
XRP or XTZ
in Crypto World
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There is no comparison between xrp and xtz. Xtz never compete with xrp. Xrp is highly accepted by big financial organisations including banks. Xrp's growth rate is too much than xtz. So xrp has high profit in 2020.