Neo started falling with the fall of all crypto currencies earlier this year. However the fall of NEO has been much more than most crypto currencies, bringing it to almost 8% of its peak value this year.
So the question really worries many people who’re still holding (or hodl-ing) NEO coin in their wallets, that “is NEO dead”?
Neo is also called the Ethereum of China. Many people are hopeful for it getting strong from this point and to rise in next couple of years to amazing heights.
However some also debate the flaws in NEO & that it won’t be able to sustain longer.
We’re researching on this topic & will be updating this article with the inputs from various crypto analysts & gurus.
Please share your view on the NEO BTC or NEO USD price too. Where do you see neo going?
Btc-e.com was banned by US government due to legal issues. The domain is still not available and thus a lot of fuss about it.
A lot of people lost their funds on this exchange. They did return however but not with full quantity. People had to lose more than 30% of their funds and were promised tokens in return, which haven’t reached the value of original coin till now.
So is wex.nz scam? or reliable?
Well honestly, the website is not up to the mark with poor coding and trading practices and codes. This makes it unreliable and non-serious again!
What’s your experience with wex.nz and what’s your review about wex or btc-e?
There is a lot of controversy among muslims regarding Bitcoin being halal or haram in Islam (and so for many other cryptocurrencies). In this post, we’ll try to discuss and uncover this topic as much as we can.
Cryptocurrency vs Bitcoin
Ya I know it’s quite obvious. But most people are too naive and don’t know the difference.
Before jumping to conclusions that is bitcoin haram or halal, we first need to understand the difference between cryptocurrency and bitcoins.
Cryptocurrency is an umbrealla concept which includes many currencies like bitcoin, etherum, ripple, etc.
So if you find any specific crypto currency or coin to be haram or halal, doesn’t mean that all other currencies are haram or halal too.
So cryptocurrency itself is just a currency which is based on a blockchain.
Understanding blockchain will help you understand if it’s halal or haram to use it.
Cryptocurrency vs Trading
Some people who believe trading to be haram consider cryptocurrency to be haram too. Which is inappropriate. Currency is different from it being traded. So we shouldn’t confuse the both.
What’s your opinion and logic about bitcoin being haram or halal? Please let us know via comments.
Cryptocurrency is not backed by any physical value or comodity
Many people give a logic that bitcoin and other crypto currencies are not backed by any physical value like gold, oil or anything else.
Well this is absolutely wrong statement. People who say that have no idea about blockchain or cryptocurrency at all.
Cryptocurrencies are backed by chosen comodities mostly.
E.g. Venezuela launched a government level cryptocurrency backed by oil, calling it petro.
Bitcoin e.g. is backed by service based ledger and various other concepts.
This is a debatable topic.
A page to discuss further on this topic can be found in link below:
Make sure that you’re entering at the right time, not before a dip, or you’ll be highly disappointed and worried.
Learn chart analysis and trading if you want to be a trader.
Ask for an advice from an expert who is into crypto for long.
Now these were some obvious tips and sequence. However things need much more detailed explanation. I’ll try to explain them in different headings below.
How much money to invest in bitcoins?
The amount of money that one should invest in bitcoin, any other cryptocurrency or anything else should be chosen careful.
I know that one feels that if they sell their car, property and everything to go into crypto or any other investment that they consider to be going up, they will benefit a lot.
However, there are risks involved in every type of investment.
So when moving into something new at least, always invest only the amount that you can afford to lose.
Another best way to calculate is that you invest the amount that you can earn from regular income through job or business in 3 months, so that it doesn’t seem like a big burden.
What is blockchain and cryptocurrencies?
Understanding blockchain and cryptocurrencies as a concept is not necessary for someone to use or keep crypto currency or bitcoin. However it’s beneficial.
You can handle and manage the investment easily and in a better way if you know what you’re investing in.
Don’t just follow the herd and crowd and invest in something without knowing its details.
Best way is to youtube for videos related to introduction to blockchain and also for cryptocurrency and you’ll be able to learn a lot. We’ll add our own videos too, but till then check others!
Understand the currency you’re investing in
Once you know about cryptocurrencies. Learn about the famous and best crypto currencies. Once you’ve picked 1 or 2 (3 at max i would suggest), then learn about them. Keep learning and then you can even change you choice if you don’t find it good enough once you’ve read about it.
Never invest in the currency if you don’t know it in detail.
Make sure that the currency you choose is useful and reliable
That’s the most important step before investing in anything. If you’re investing in bitcoin or anything else, make sure that you understand that this thing is useful and needed by the world. If it’s not, then it will fall as soon as the bubble pops. However if it’s genuinely good and useful, it will last!
World’s requirements keep changing. So keep an eye on the usefulness of your invested crypto currency.
Crypto currency Wallets & their types
Cryptocurrency is stored in wallets. Thus read about wallets and types of wallets. So that you can choose the best way and wallet to store and secure your cryptocurrency.
For long term investment, it’s always best to have hardware wallets.
When to enter into crypto world
This is the key for success. Crypto currency keeps fluctuating, sometimes up to 30% or so in price. So if you’ll enter when it’s at peak and about to correct, then you’ll be depressed or confused for a long time, before it reaches back the level you entered.
So get guidance from pros and also do your own assessment and analysis before entering the market.
Learning chart analysis and trading
If you’re into trading and want to learn chart analysis and trade cryptocurrencies then it’s great too. It will help you benefit more from your investment.
However make sure that you don’t lose more money instead of making more. Make it trading, not gambling.
Ask an expert for advice
We can guide you with best of our knowledge. So that you can be part of the successful crypto investors and benefit from our experience and organized strategy.
Please let me know if you have any query or correction for this topic. If you need any help please let me know that too.