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avatarkiyoshi started following What next after cryptocurrencies?, Crypto Currency the Big Bang of Financial Technology, Why is doge not listed and and 7 others
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Crypto Currency the Big Bang of Financial Technology
avatarkiyoshi replied to Oluwaseun's topic in Crypto World
Indeed, cryptocurrency technology will change the traditional money system that has been outmoded. The regulations still growing, i'm sure cryptocurrency will be recognized all over the world, no doubt. -
DOGE designed as for fun only at the beginning of it's coin created, but the demands growing time by time, DOGE usually used as gambling coin. I don't really know why Bitfinex didn't listed DOGE on their market, but i can assume that Bitfinex didn't interested at all, probably because the purpose of DOGE creation.
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Earn money online, especially cryptocurrency is the one of activities that can beneficial, besides it's can do anytime and anywhere, it's have more various ways to earn depends on what we want.
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Yobit investment box can be a form to earn extra interest, although it's need more period to earn the interest, but it's better to just hold your coins in the wallet without growing it.
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We can expected the real purpose of cryptocurrency utility, to replace traditional money as we called fiat, make the transaction transparent, easy, low fees and can use worldwide without worry about the delay and high fees.
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Besides it's coins supply, the demands also affected to the price, If there's no demands i'm sure the coin will be dead immediately although it's just have very limited amount of supply. So the basic of economy really embedded in cryptocurrency ecosystem.
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TBH, centralized exchange is more promising, especially those big exchange such as Binance, Bittrex. Decentralized exchange nowadays lack of volume because it's lack of interested. Those DEX should run promotion campaign to attract more people. Technically DEX more secure rather than CEX.
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What are your fears before investing in crypto?
avatarkiyoshi replied to Delgboke's topic in Crypto World
My fear is just about the volatile market, at the first time i fear about the price will drop drastically to zero value, but time goes by i understand about the basic of economy and cryptocoins circulations works. -
No, cryptocurrency is the last innovation of digital money that can change the traditional money system. There are still more features that can be discovered in cryptocurrency development.
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Leaving some coins in the exchange need have a purpose, don't ever store all your asset on the exchange, even if it's a big exchange which have an insurance system. I leave some coins on the exchange for trading and staking purpose.
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Blockchain actually is public ledger that record all transaction data. Blockchain offer online wallet that can use by it's users, but always remember that online wallet is more vulnerable to being attack. There are several option that you can considered as more safe wallet, i.e: Electrum (desktop / mobile) wallet, Bitcoin core wallet (you can running full node and help Bitcoin network) and Trezor (hardware wallet which have high security system).
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If we compared Bitcoin and Gold, it's clearly Gold is still the best to be called as safe haven assets, but if there's a problem regarding to get a gold, Bitcoin is the second option that worth besides Gold. Bitcoin as safe haven is depends on how we respond.
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If you look back at the last Bitcoin halving, the bullish comes one year after halving, so don't worry to HOLD your coins. Don't ever lose your moment.
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This Crypto Coin Can Be a Winner in 2020
avatarkiyoshi replied to Fatihgani12's topic in Crypto World
NEO development still under the rate, and it's popularity still ongoing to be a famous one, NEO ecosystem don't really have a different comparing with ethereum ecosystem. China ever made a controversial statement that etherscan has been banned in their country, this is clearly China won't lose to ethereum, their citizens must use NEO rather than ETH.