susan8929

I holded my cryptocurrencies during the bear market because I believe in Bitcoin and I knew that at some point it would come back up, especially after halving, as it had happened on previous occasions. At that time I just thought it was a good opportunity to accumulate more cryptocurrencies and I knew that everything was temporary. Now, I'm getting some benefits from making that decision, but I am still holding my cryptocurrencies because I know there is still a long way to go and 2021 will be a great year.

Personally, I prefer to analyze other kinds of aspects, because the news is not always very helpful and usually comes out after the price increases, so it has practically no impact on the price. I prefer to analyze the sites that report cryptocurrency events or simply look at the social networks of the project i want to invest in on a regular basis. For that reason, I think it is too risky to invest in cryptocurrencies just to read about it in the news.

I would like to buy online games, either for console or computer. In addition, it would also be interesting to be able to pay for Spotify or similar services with cryptocurrencies. I have read news that next year it is possible that Spotify will allow payment with cryptocurrencies and I really think it would be very good, not only for cryptocurrencies, but also for people.

It is true that these two errors often cause much lamentation in the crypto world. The first error is probably one of the most common during the early years of Bitcoin, since I've read that quite a few people never made a backup and lost access to their computers. I usually make quite the second mistake, because I usually have my money in some exchanges and I know that it is not completely safe, so I always try to use cold wallets.

I usually hold my Bitcoin in online wallets because it's easier to quickly send to other exchanges. I usually do it in the most secure wallets. Although I know that cold wallets are safer, and that's why I sometimes try to keep my Bitcoin in those kinds of wallets.

In the previous Bull run I withdrew most of the profits and used them to cover some expenses I had, since I had waited a long time and needed them. The other part I reinvested and during 2018 I continued to make small investments. Now, I hope that in 2021 there will be another bull run, most likely not as wide as the one in 2017, but I will settle for btc to be multiplied by 4.

Eventually, the price fell below $4k, but after the halving it recovered quite a bit and is still going up. Yesterday it reached $25k, but then returned to 24.8k, although I think it's very good that it has already touched $25k. I don't know if it will continue to rise, but it is possible that it will. Anyway, I wouldn't be surprised by a small correction before the price continues to rise.

Hello friend. Luckily I already had profits during the 2017 bull market, so this time I wouldn't be surprised, although I would be quite excited when I withdraw my earnings. What I would do is spend a small part and reinvest the rest but in a smart way. In other words, I would do my research very well so as not to lose the profits. Although it all depends on how much money I get during the next bull market.

The price of Litecoin has increased since you made the release, but the currency is the same as the other cryptocurrencies. That is, the dominance of btc is affecting its prices and, as a consequence, they have not gone up as much as they should. Although, anyway, today it is at $130, so it is its annual maximum. Everything indicates that next year it should go up much more, but everything will depend on the dominance of Bitcoin.

I think cryptocurrencies can be a perfect full-time job, whether it's trading, publishing content on social networks or looking for referrals for faucets and those kinds of websites. But it is very difficult for that to happen quickly, because you need to acquire good knowledge to succeed and get a similar or higher salary than in a regular job.

You are right, this is the cycle of institutional investments. In the last few weeks some companies have continued to buy Bitcoin, even with the price above 20k. I think that will continue to happen during the next months. Regarding your question, I think that the price of Bitcoin will continue to increase during the next months and, at some point, the dominance of btc will drop quite a bit and most cryptocurrencies will go up considerably.

In the short term, cryptocurrencies are too risky an investment, because their volatility is too high and they depend entirely on Bitcoin. In the medium and long term, the risk is lower, but they're still a pretty risky investment. The only thing necessary to not lose in this kind of investment is to acquire good knowledge and know when to buy a crypto. In theory, this moment would be a great opportunity, because Bitcoin's dominance is very high and it can go down at any moment.

I assume that investing refers to a short or medium term investment and hold to long term. Well, I think that if you don't have much knowledge about cryptocurrencies and you don't depend on the money you are going to invest, hold will be your best option. Of course, it is fundamental that you buy at a good price. For this, investigate the cryptocurrency you want to acquire and analyze its supply, historical maximum, among other aspects.

Thanks for your recommendations, I think you explained them splendidly. The truth is that I knew some of them, but others I ignored completely. For example, the supply seems to me too important and I always try to analyze it according to the price and the market capitalization. The next time I go to buy a cryptocurrency in the medium or long term, I will analyze all that to see if it would be a good investment.

I think it depends on the objectives of each investor. If it is long term, then it is not too late to buy, although I would analyze these prices well, because btc is at its historical maximum and it is not advisable to buy a currency at that price. As for your prediction, I believe that the 100k will arrive long before the 21 million coins are mined. From the current price, it is only necessary to multiply the price by 4 to reach 100k.

I started looking for ways to make money on the Internet and found the faucets and then I researched more about Bitcoin, but at that time I didn't see it as an investment, but as a useful means of payment to use on the Internet. But I entered the cryptocurrencies months later thanks to Steemit and its Steem currency. At that time I learned more about the exchanges and how to sell or buy crypto easily.

At the time you published, I was excited about halving, because I had endured many corrections and I knew that halving could change everything. Today, my prediction is that btc will continue to rise during the next year, since it already did the most complicated thing which was to exceed the price of $20,000 Anyway, we'll see, because Bitcoin is unpredictable.

Any of us in the cryptocurrency world would have liked to have that opportunity to win several btcs easily. Even if we are honest, it is very difficult for someone who won bitcoins that way to keep them at these prices. I imagine that most of them sold them instantly or waited until the big rise in 2011. Anyway, it would have been a great opportunity, but the important thing is to continue researching and acquiring new knowledge, because there will always be opportunities and more in this market.

Some years ago I started in cryptocurrencies, so I have seen thousands of predictions about btc, both negative and positive. My conclusion is that it is best not to believe in any of them and do our own research to draw conclusions, as predictions can be confusing and lead to bad investments. As for Bitcoin's predictions, beyond believing the news about btc at 200k or 300k, I think Bitcoin is rising this year similarly to 2016 and still has a big rise in 2021.

I entered the cryptocurrencies without making any investments or trading, since I discovered a social network and earned some coins. Months later the price of that crypto had multiplied by more than X5. I consider that investments are the safest way to make money with crypto, since you can sell at any time, so it is very complicated to sell at a loss. Regarding trading, I think it is more complex to do, since it is necessary to learn a lot in order not to lose.

It is possible to remove or destroy the supply of a crypto and that is called coin burn, but i think only in cases where a crypto did not sell all the coins during its ICO phase. This is a great help for the price of a crypto to increase, although this would be in the long term, since in the short term it would only increase because of the news of the coin burn. However, I don't know if it's possible to do this with a large number of coins, but I guess not, because it would be like taking money away from investors.

Yes, you are right, those kind of faucets are a great alternative to start in the cryptocurrencies, but I consider that in order to win a good amount it is necessary to wait too long or to get a great number of referrals. However, faucets are a good alternative, especially those that only ask for basic tasks and that don't require much time, like solving a captcha or seeing few ads.

I think that PayPal can still be very beneficial for the price of Bitcoin in the coming months. In addition, PayPal is also benefiting, as their shares have increased quite a bit since they integrated btc. I find the PayPal option interesting for people who don't know much about cryptos and don't want to risk too much of their money. Although personally I wouldn't take it, because it wouldn't be my crypto as such and I wouldn't be able to transfer it quietly.

I agree with you, friend, Bitcoin is the best investment for those people who are still starting out, since other crypto are more volatile and the possibility of losing money is higher. It's recommended that newcomers invest in btc and research other crypts so they can start investing progressively. That is, first those in the top 10 and then the others, which are usually more risky.

Fortunately it is possible to find various ways to earn money with cryptocurrencies. Personally, I stick to blockchain-based social networks, as they are entertaining websites where I can share my creations and at the same time earn money for it. However, I also like airdrops, as they are a fairly easy way to learn and earn some cryptocurrencies. Likewise, sometimes I make medium term investments to obtain good returns.