Altcoins 7 tips for cryptocurrency & bitcoin investors for 2018 Published 10 months ago on June 12, 2018 By Coinnounce - Coin Announcements Share Tweet 7 guidelines that can be followed to gain some trust in any project before undertaking any investment decisions Investment is a very crucial decision and also the most difficult one. In this manipulative world where everything is based on manipulations, the customers are being bombarded with offers of so-called value-added services which makes them even more difficult for them to make choice. And when it comes to deciding the investment in the cryptocurrency world with almost tens of thousands of coins and Initial Coin Offerings the challenge is at a next level. Also, there are a number of frauds and scams being undertaken in the name of cryptocurrency investments, hence the users must also make sure to dodge them. Below are 7 questions as guidelines for the cryptocurrency investors which they may ask in order to proclaim that an investment is a legit one: 1. Who are the token issuers as marketing to? It is to be keenly noted where are the main targets of the advertisements? Is it towards the investors or towards the users? Another important feature that is to be noted is that how much potential does it have in order to create confidence in their customers and see to it that it doesn’t fade away. Also, make an observation that if they are following the FOMO policy? 2. Is the team credible? The success of any particular project mainly depends on the quality of the team members. As the cryptocurrency technology is nothing but software and pieces of code the developers on the team are the core members responsible for the success of the project. The project must contain a clear-cut and an in detail information about each and every team member along with their social media links in order to judge their credibility. 3. Is the network gaining momentum? The project must be powerful enough to create impressive Vibes around its investors through their conversations in a number of forums. We must answer make an observation as to what makes us feel attracted towards the project? is it the volume? or the people? 4. What are the terms of issuance? There are a number of other features related to a project that is the total supply, contribution limits, float, and price. Depending on whatever we learned from the network’s momentum all these factors must be weighted in order to make sure that they perfectly strike the demand and supply balance. Has the project influenced so many investors that there was a shortage and the coin is in demand at the cryptocurrency exchanges? 5. Is there a value lying under the speculation of the token? The projects must be concentrated not on money-making but on providing solutions to the real world problems. We must be able to differentiate it from the others and ask ourselves that Do we really need another project of the same kind? Usually, a prototype or a demo would prove very handy in such situations. 6. How is the token different from cash or any other cryptocurrency? The token must be able to differentiate itself from the cryptocurrency coins or any other form of currency. The features of a token should be entirely different from the features of any cryptocurrency. 7. Who are the competitors in the field? We must also gain knowledge about the already existing business incumbents which may or may not have the tokens. Realize weak points and improvise them in our particular model to overcome those points, Hence providing a better service then the existing one. Long story short, it is to be understood very clearly that this is just an informal and personal advice and may not be considered as the final one. All the investments are subjected to market risks and all the scheme related documents must be carefully read. Investors are advised always to make an effective research about the project and it’s previous works regarding it success. The Millennial generation is specifically advice to stay away from all such activities as they have barely been using their common sense and are one among the most vulnerable to scams. Also, a professional consultation is preferred before making any kinds of decisions in investing in the cryptocurrency. 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Required fields are marked *Comment Name * Email * Website Altcoins Best Tools to track Cryptocurrency Markets: CryptoCompare, CoinMarketApp, CoinGecko Published 3 months ago on January 16, 2019 By Janet F. Sanchez The cryptocurrency market includes the prices and market capitalizations of different Cryptocurrencies like Bitcoin, Ethereum, Stellar and many others. Currently, there are thousands of cryptocurrencies, markets are 16084 and market capitalization is about $124,123,711,224. There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these: CryptoCompare.com Known for its high-end API and real-time tick data, CryptoCompare has been serving the cryptocurrency space from 2014. Founders: Charles Hayter & Vlad Cealicu CryptoCompare shows real-time data for more than 5300 Coins and 240k trading pairs, enough for an entire overview of the market. Users can see live Order books, historical data, reports, social data and reviews on all cryptocurrencies. The website is very easy to use and is free for everyone. CoinGecko.com We love CoinGecko because it focuses on tracking community growth, events hosted by teams and open-source code development apart from the usual price tracking, market capitalization and volume traded. It was also founded in 2014. Founders: TM Lee, Bobby Ong & others CoinGecko’s team is very dynamic and is very active on social media like Twitter, Telegram & Facebook. They cover more than 260 exchanges with live data and have more than 3300 cryptocurrencies. They are free for everyone to use. CoinMarketApp (Mobile Application) When it comes to easily track the live prices and your portfolio on your mobile, CoinMarketApp is the preferred choice for most. With live alerts on more than 1400 Cryptocurrencies, the app saves your time and alerts you on every move. Download on Android Download on iOS Apart from cryptocurrency prices, the app lets you manage your portfolio, mining pools, new contracts and the latest news from the crypto industry. Continue Reading Altcoins Cryptocurrency Market Updates: Bitcoin May fall further Published 5 months ago on November 24, 2018 By Layla Harding The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days. Cryptocurrency Market Capitalization Improved The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered. Bearish predictions for bitcoin While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover. The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below. Continue Reading #Bitcoin Bitcoin Cash Hard fork screwed the whole cryptocurrency market Published 5 months ago on November 19, 2018 By Layla Harding The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76. Cryptocurrency Market Crash The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them. BTCUSD yearly chart As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation. Should Craig Wright be blamed? Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier. To all BTC miners… If you switch to mine BCH, we may need to fund this with BTC, if we do, we sell for USD and, well… we think BTC market has no room… it tanks. Think about it. We will sell A Lot! Consider that…. And, have a nice day (BTC to 1000 does not phase me) pic.twitter.com/oUScEahtWc — Dr Craig S Wright (@ProfFaustus) November 14, 2018 Oh. And @JihanWu and @rogerkver selling… they will also have to sell BTC to pay rented hash. If this is a long war… expect 2014 prices in BTC… think what that does… Have a nice day — Dr Craig S Wright (@ProfFaustus) November 14, 2018 The local media’s role The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market. If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk. 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