I'm fairly concerned about this. At this point, bitcoin couldn't even dare to compete with the traditional financial system. Bitcoin is already consuming that much energy at this level of adoption, what more if its transaction reaches the banking level, that is, several thousand magnitude more than all cryptocurrency combined?
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The investors who got their tokens at a discount are not lossingoney though. For some, it would be nonsense to sell their coins for a much lower price but for those dumpers, as long as they have more money after joining an ICO, any price is selling price.
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I have 110 $ ...witch crypto is best to start trading with a small amount as 100 $ actually i'm in etherium ... i see a verry small progress .. is there another crypto more profitable and faster with 100 $ ?!?!?!?!?!?!?
The return for that amount of money will be miniscule. You can try to gamble it, you can learn a thing or two from those. In my experience, I started with a larger capital and ended up with half of it after some trades and bad decisions.
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The volatility of this industry is too great, so not everyone wants to invest, and many people still don't trust the industry.
Government regulations also play a huge part in this. What the public sees when the government advice them to exercise caution in something is that they automatically assume that it is illegal or prohibited. Some also thinks that it is a scam since many have made fortune in such small time compared to traditional investments.
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Nakakainspire naman kabayan yang naipundar mo. Sayang nga lang noong nagpump ang bitcoin at altcoin. Hindi ko naisip na maginvest ng panghanap buhay ng katulad ng sayo. Next pump ito na talaga uunahin ko.
Dito na rin papasok kasi ung pag-diversify ng investments mo. Sad to say na marami ang hindi parin naiintindihan ang napakahalagang bagay na ito. Marami kasing nagsasabi na solid investment ang bitcoin o iba pang crypto pero ang totoo talaga, hindi.
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They think that Cryptocurrency is completely anonymous--no one can track you. This then leads them to believe that bitcoin and all other cryptocurrencies are only used for illlegal things. To make matters worse, the people who are not scared of crypto thinks that it is just another investment tool that will make them rich in a short time--which leads to plenty getting scammed.
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If you are going to invest in BTC for the long term, then yes, I recommend it, because the price will continue growing more and more in the long run.
Since bitcoin is a deflationary currency, it is expected to happen. So it really it a good time to buy now if we consider the long term gains. If you plan to short though, it is very risky since market is unpredictable and the trend cannot be just simply predicted by TA or other metrics used for traditional finance.
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There are some exceptions to this though. Some ICOs have actually good proposed idea that is actually feasible. Now If people would boycott those since they have no working product, we essentially killed of a potentially revolutionary project by not giving it a chance.
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Personally, I pick Ethereum though the safest altcoins would be in the top 10 of cmc -- you could never go wrong there. It might be in your best interest to adapt a long term hold approach in doing this since alts are more susceptible to changes in price.
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I have high hopes regarding mass adoption of cryptocurrencies. Also, government policies (hopefully) would already recognize and have laws regarding crypto by then. Of course, the price levels would be much higher then--which is bound to happen given it's deflationary nature.
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I don't think that 'recruit' might be the word you are looking for. Better yet, just educate your friends about how good of a technology bitcoin is and then what benefits it may bring as a currency. Lack of strong fundamental knowledge will affect adoption in the long run because this will be the people that will sell at a FUD.
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We focus too much on what crypto can do but not what it can't do. Sure, it can do all sort of things fiat can't but the implementation will be sureal. Take note that not all people are technologically inclined especially in the poorer countries so using fiat is be better for them.
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I agree to some extent. Given that the government exists because the people recognises its authority, same way can be applied to bitcoin. That being said, the community giving complete confidence in bitcoin is impossible because of its investment nature.
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I doubt that would be the case. Many people who bought at higher prices will try to breakeven thus drive the price lower again after some time. And as I see it, less people are buying in atm so I expect a downward trend.
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I always co-relate Eth's prices to the popularity of ICOs because thats the only time when there's actual demand for it. And for a coin like eth with limitless supply, high demand is a great thing--and a mystery for me. Anyway, don't trust TAs too much, educated analysis in this space isn't worth crap once whales move.
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There's a high chance that bitcoin will appreciate in the last quarter of this year. It may not reach a new ATH by then but at least the growth now is healthier. That being said, it is wiser to hold alts during that time since it acts like a bitcoin leverage--that is, it appreciates more if bitcoin pumps.
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Not exactly surprised this is happening. Yes, I know that we shouldn't predict what will happen in the future based on the past but the trend is really hard to disregard. Almost every last quarter of the year, every year since 2010, bitcoin's price pumps. With that said, I expect a more organic growth in reaching 10k$ per btc in Dec.
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Considering that I only hold alts which I truly believed on, I'm pretty sure that it will recover anytime soon, though I cannot say the same for alts which have no solid project at all to back up their coin. Anyway, the current market condition is temporary, we have seen if before--it is old news.
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