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susan8929

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Everything posted by susan8929

  1. Well, the year is coming to an end and the market cap has reached over $700 billion. Although most of it has been thanks to Bitcoin, since the dominance is very high and the other cryptocurrencies have not gone up too much. I think that by next year the total market cap will reach 2 or 3 trillion dollars. Or, at least that's what the indicators show, because Bitcoin should continue to rise and at some point more money will enter the cryptocurrencies. Anyway, we'll see what happens.
  2. I think that payments through cryptocurrencies are very safe, because the blockchain cannot be manipulated. Although the truth is everything depends on the cryptocurrency you choose, since it must be recognized and secure so that you can send your payments. Additionally, it is necessary to be attentive to the addresses and not to make mistakes when sending, because the money will not be recovered, since there are no refunds.
  3. I think it is better to invest in cryptocurrencies than in homes, because the return is higher and it is not necessary to wait long. Of course, it is obviously much more risky, so it is essential to analyze when to invest so that the risks of loss are minimal. Likewise, I would also invest in the safest crypto, which is Bitcoin. It's possible that during the bull markets it won't give the same performance as other crypto, but it's certainly much safer.
  4. I think that the easiest way to determine if a cryptocurrency is legitimate is to analyze if it is in Coinmarketcap. In case it is in Coinmarketcap, it is essential to see its daily volume and the exchanges that have it listed. It is necessary that the volume is acceptable and that it is listed in a good exchange for it to be a good crypto. The easiest way is to invest in the cryptocurrencies that are in the top 100 of Coinmarketcap, because they are big projects with a good future. The rest of the currencies are more unknown and therefore risky. It is possible that there are good projects, but also many that in the end end end up being scams.
  5. Well, the truth is that the top 10 has changed from what it was in January. For example, Tether has gone up quite a bit and is already in the number 3 spot, after overtaking XRP, which went down because of its SEC problems. Likewise, Cardano has moved up some positions and Bitcoin SV has probably been the crypto that lost the most, because right now it is in position 14. By the end of 2021 I hope that the top 10 will also have some variations from how it is now. Although I think Bitcoin and Ethereum will still be in the top two.
  6. The site that has helped me the most for a long time has been Coinmarketcap, since there is very useful information about each cryptocurrency and it is necessary to analyze all that to determine whether to invest or not. Moreover, the site is constantly updated and adds new relevant data about cryptocurrencies. Another site that helps me a lot is Coinmarketcal, ideal to know the next events of some cryptocurrencies. Additionally, I recommend you Cryptorank, a very useful site to know the ath of each crypto and its respective percentage to reach it.
  7. I agree with you, ignorance is a great enemy and it is necessary to acquire knowledge to achieve success, either in Cryptotalk or in cryptocurrencies in general. For example, in the cryptocurrencies world, ignorance usually causes many people to invest their money in projects that end up being scam because they do not investigate properly. For this reason, I think it is necessary to acquire enough knowledge and research constantly to succeed in crypto and make the best investments.
  8. In early 2020 I thought Bitcoin was the best investment because it was approaching halving and I knew the price was going to go up at some point, although of course it first went down quite a bit in March and then the upward trend did start. As for the other cryptocurrencies, the problem is that their price depends a lot on Bitcoin cycles and not so much on their projects. Although next year it looks like a big alt season could come if Bitcoin's dominance drops to 60% or even higher if it falls to 50%.
  9. In the medium term, I think it's impossible for any cryptocurrency to surpass Bitcoin's capitalization, because they all depend on its price and it would have to have a too high and, above all, constant daily volume. In the long term it's possible that it will happen, but even so, it still seems to me to be something very complicated, since the market cap of Bitcoin is too high and not even Ethereum is close. In conclusion, I think Bitcoin will remain the largest and most important cryptocurrency for many years to come.
  10. I think that if you do not know much about cryptocurrencies, it is best to start by investing little, otherwise you are likely to lose most of it due to inexperience. If you have been in crypto world for a long time, then I think it is a good idea to invest something bigger. However, never invest something you need in the medium term, as you may end up withdrawing in losses. The best thing is to leave that investment there and look at it regularly. In any case, I think the best thing is BTC, at least in the long term. For example, currently most cryptocurrencies are falling and btc is still rising. Although at some point they will go up, because the dominance will go down, but btc is still the best investment if you want to invest heavily.
  11. I don't currently have a website, but I do know how it works and sometimes I work with some. Probably in the future I will decide to have my own website about cryptocurrencies, but at the moment it is a too competitive subject. Anyway, I find interesting the advertisement website that you recommend. I will analyze it, thanks.
  12. I once worked on those captcha sites and retired using Bitcoin. Five years ago I worked a few weeks on Kolotibablo, but the problem was that you couldn't make many mistakes because they would block your account. Although nowadays I prefer other ways to earn money, because that one has many problems, apart from the fact that it is very tiring to make 1000 captchas or more.
  13. Well, now we are at a high price and a few days ago I read that some institutions were buying Bitcoin at 23k, so it seems that institutions are the main buyers at these prices. Although there are also quite a few retail buyers, but it's still a long way to 2017. Everything seems to indicate that institutions will continue to buy at these high prices.
  14. I think that there will be new stories of wealth in the future, but it is unlikely that they will be related to the best known cryptocurrencies, because they can give good returns but not so high to obtain millions. Suddenly it is possible that it will happen with new currencies that arrive to the market and start with too low a value and their project will evolve quickly and obtain a increased capitalization. It's all up to Bitcoin though, as most cryptocurrencies always follow its trend.
  15. I have always read that the best wallets to store cryptocurrencies are the cold ones, since they allow you to manage your private keys and you do not depend on any web. However, it is essential that you do not forget any data, otherwise you will not be able to recover access to your money. Another kind of wallet is recommended, such as the desktop wallet, as is the case with Exodus. With regard to Coinbase, I think it is not a recommended wallet for storing money, as it does not work properly when the market is very volatile and also charges very high commissions.
  16. If you've been in cryptocurrencies too long, it's too easy to stay safe from scams, because experience is a great ally against scammers in the crypto world. In the case that you don't, it is advisable that you manage the money yourself and don't invest in any platform that promises you a percentage every month, since most of them are scams. Likewise, never place your keys in unknown or unsafe places. Also, remember to always check that the domain name is correct and not a similar one, as this is a very common type of phishing in cryptocurrencies.
  17. My investment in Bitcoin is what I'm willing to keep for a long time and it doesn't affect my daily life. For that reason, at this point I haven't taken profit, because I think the price will increase even more and I can take a risk because I don't currently need that money for my daily expenses. That would be my advice to newcomers, to invest what they are willing to maintain for a good time, so they won't lose and will eventually make a profit.
  18. Well, at the moment it seems that this is far from being the case, because the SEC has sanctioned XRP and the price has dropped quite a bit over the last few days. Furthermore, I have read that some exchanges are planning to de-list it, so the future doesn't seem to be very good for XRP. However, I would like to point out that it is a good currency to make transactions, as they are usually too fast and with low commissions.
  19. I think that some cryptocurrencies have too long a confirmation time. For example, Bitcoin, since it usually takes several minutes to complete the confirmations. Another annoyance would be the high btc fees, since it's very expensive to withdraw Bitcoin from some exchanges or send it from some wallets. Fortunately, there are other cryptocurrencies that have better features for all this. For example, XRP or XLM, are very fast and charge few commissions when sending money.
  20. Hello, there are multiple sites to obtain satoshis, but I think the best option is Cryptotalk, because you can get paid for sharing your opinion and, at the same time, learn about different cryptocurrencies. As for the other sites, it is important that you can get a large number of referrals so that you gain something acceptable. For example, Freebitcoin or also Okex's free Bitcoin option, which actually pays too well for each referral's actions.
  21. I think that there are multiple factors that should be analyzed at the moment of buying a crypto. The first one is the time in which you expect to obtain profits, whether it is short, medium or long term. Then, analyze the type of market. It is not the same to invest in a bullish market as in a bearish one. In the bullish market most cryptocurrencies tend to rise, while in the other most cryptocurrencies fall even more than btc. After that, it is also necessary to observe the supply of the currency and its historical maximum to determine how much it could rise in the medium or long term. Additionally, events are also a great indicator to know when to buy a crypto, as well as the dominance of BTC.
  22. Hello, my friend. Well, the first time I met Bitcoin was at the end of 2015. At that time I was looking for ways to make money and I found different faucets and then I researched what Bitcoin was. Weeks later, I used it for the first time to receive a payment from a website and reload a virtual card to verify my PayPal account. At that point I understood how transactions work at Bitcoin and the importance of verifying the address correctly, because there are no refunds in case it's wrong.
  23. Sure, it's possible, but it depends on multiple factors. The most important is the supply, if the supply is too low. For example, less than 200 million coins, then the chance that it will reach $100 during the first two weeks is too high. After that, it also depends on the project. If it's very promising or is driven by someone who is too influential in the business, then it's likely to reach that price as well. Finally, it also depends on the exchange and the daily volume. If it is one of the most recognized, such as Binance or Coinbase, then the chance that it will exceed $100 is high.
  24. There are many cryptocurrency logos that I like, but I will certainly keep the Uniswap. I like that unicorn too much and it looks good at first sight. There are also other logos that prioritize minimalism. In that case, I'll stick with the ones by NEM and Stellar. I also like the XRP logo because it is well designed.
  25. I think that March wasn't the end of Bitcoin, because the crash was caused by the worldwide situation, but Bitcoin recovered quickly, especially after the halving and finally reached 20k and is now at 25k. Everything indicates that the next year will be very good for Bitcoin. It's possible that there will be several corrections along the way, but I think the price is going to increase quite a bit.
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