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Ryken8

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Everything posted by Ryken8

  1. Ryken8
    Cardano ADA is hot right now with so many potential projects in the works. Its time to add some ADA in your porfolio!
  2. Ryken8
    I don’t think cryptocurrency or bitcoin will replace stock, commodity or forex. It will most likely take some of each market’s liquidity but will co-exist will all these market platforms.
  3. Ryken8
    I believe this is only applicable to house tokens only available in particular exchange and does not apply to coins and tokens like bitcoin, eth, etc. that are traded across multiple exchanges and platforms since these prices are dependent on worldwide market trends and trades.
  4. Ryken8
    I’m one of the strong believer that investment in cryptocurrency specifically in bitcoin will give us a better future and maybe even to the point that we can leave our day jobs and live better and more comfortable lives in the future. Cryptocurrency is the future.
  5. Ryken8
    Trading is about buying at low price and selling at a higher price to gain profit. It is difficult to establish a right time to trade cryptocurrency as its price are very volatile specially bitcoin. The best method is to buy at different price range and do averaging and hodl until the price is high then sell some portion for profit. Also ensure you don’t simply sell off all your porfolio, keep some for the long term.
  6. Ryken8
    In general, you will want to buy when the price is low and sell when the price is high. However, it is really difficult to determin when the cryptocurrency price will actually go up or down due to its volatility. therefore it is best to buy on recurring basis in small quantities and average off the price.
  7. Ryken8
    Without bitcoin there will be no cryptocurrency industry. The whole crypto market is running on BTC power, therefore if bitcoin falls it is most likely that the wholle cryptocurrency industry will fall as well.
  8. Ryken8
    This beats the whole priciple of cryptocurrency which is supposed to be digital, decentralized and can be easy transacted online. If one is seeking physical currency, they should just stick to fiat currency.
  9. Ryken8
    For those who hold bitcoin, they will wish bitcoin price will moon at the soonest, for those who is still accumulating, they will wish the bitcoin price will dump a bit so they can accumulatr more. It all depends on a persons perspective but ultimately the bitcoin price fluctuates base on the supply and demand principle.
  10. Ryken8
    This is a very good post on explaining masternode and how it works. I am interested in going into running a Masternode in the near future.
  11. Ryken8
    It is always high risk to invest into lesser known coin and lesser know crypto projects. I would recommend to invest in more known coins and tokens instead, preferably the top 20 to 30 coins in the market for a more secure investment.
  12. Ryken8
    In my opinion, Bitcoin price is based on supply and demand. It is not so different from stocks and commodities price that are also baeed on the same.
  13. Ryken8
    You cannot say a coin or token is bigger than bitcoin just by the higher price alone. If the token have a higher price but has no trade volume and has no market support, it may not even be a safe token to invest in.
  14. Ryken8
    The answer is Ethereum, it has the 2nd most market share and there are no other altcoins that comes close to Bitcoin.
  15. Ryken8
    At this point, there are no crypto coins or tokens that can exceed bitcoin in terms of price and market share. Hence it is very unlikely that tokens like Yo can cross bitcoin any time soon.
  16. Ryken8
    Suddenly as of December 2020 the so called peak price of bitcoin and altcoin in 2017 looks very cheap compared to the current all time high of 29k and still rising. Goes to show that there is no real right time to buy bitcoin when you are an investor HODLing bitcoin the cryptocurrency.
  17. Ryken8
    Mass adoption of bitcoin and cryptocurrency is the ultimate goal. It will finally prove the legitimacy of the currency with the acceptance and confidence of the masses.
  18. Ryken8
    Now is 2020 and new magic is happening, We are achieving ATH almost everyday towards the end of the year and still no sign of stopping. Looking forward to new magical all time highs (ATH) going into 2021.
  19. Ryken8
    Pi token is a good project and is now moving forward to the next phase of development upon reaching its 10 million pioneer miners. Hope to see this token complete its development stage soon and starts to be traded in the market.
  20. Ryken8
    It is good that one of yobit’s house token is rising again as others continue to dump. It just goes to show that at least there are some trades happening for talk token to hopefully sustain the token’s life span.
  21. Ryken8
    I don’t really know anybody who is addicted to bitcoin, but I can understand the feeling why somebody would be addicted to bitcoin. It is the new gold of our age and it is in digital form. One day everyone will be wanting to have a piece of it.
  22. Ryken8
    This will indeed help raise the reputation of cryptocurrency and its legitimacy as a form of accepted currency. Through unicef, the said crypto will do a lot of good to help the needy through charity.
  23. Ryken8
    Some people see this eventual lawsuit as an attempt to attack or control the decentralized nature of cryptocurrency. The US SEC is trying to regulate and control xrp that may eventually lead to more attempts on other crypto. We should continue to support cryptocurrency as a decentralized form of currency and should not allow any government to take control of it.
  24. Ryken8
    The most basic investment scheme for bitcoin is to buy and hold or HODL, then sell when the price is at its highest. If you are looking for typical investment that are bank like or real estate, suggest you invest in those industry as the appeal of bitcoin is its volatility which sets it apart from these typical investment schemes.
  25. Ryken8
    It is indeed very sad to hear stories like this, that is the reason most experts advise you only invest the amount that you are willing to loose. This advise is actually not only applicable to cryptocurrency, similar have to be applied when dealing with stocks, or trading commodities or even forex. There is always risk of loosing your money so better invest wisely and only the amounts you can spare.
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