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Bitcoin is the only king of the whole crypto market so far, and in the coming time, it will remain in a high priced top list, and it will last for a long time in the first place. Because Bitcoin currently has around half of the total market share of the whole crypto market. I think there is not any other coin in this market so far that could replace the bitcoin.
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I think the main reason of it is that some prize hunters sell their reward immediately because they have been waiting for a long time. In other two reasons, many bounty hunters sell it immediately after getting the reward, because they will pay for their daily expenses Are working and used for their needs. They do not have the ability to keep them for a longer period. But many of them keep their prize coins so that they get the maximum value.
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Yes indeed, beginners also need for technical analysis and learning about cryptocurrency, how it works, before making any investment and before becoming a participant in this market.
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Don't make any decisions in the panic because of any decision in the panic always give you loss. This market is highly volatile and pumping & dumping is the normally done by the promoters and Profiteers of the particular token/coin. If you want to make good earning from here then you select the good coins from the top 25 of https://coinmarketcap.com and wait for right time to buy and sell. |
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It is a good sign for new people to come to this market because if new people do not come to the market then there will be a lack of demand in the market and it will be very bad for this market and market will go to stagnation phase.
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Yes, there are so many such ICOs for whom I have worked, and I have also received coins from them, but most of them have not been listed and those who have been listed also have very low prices. Nowadays many ICO's are coming in the form of scams, which give great disappointment to those who work for them. They just distribute their nonsense coins and are never listed. These people make money and disappear. However, it is the best strategy that holds your coins until the completion of the project and then you can sell your coins to get the good earning from it.
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Trading is not for newbies as it required a lot of skills and if you want to enter in trading then you study this forum thoroughly. You can secure your coins in any hardware wallet as only hardware wallets are fully secured.
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Yes, now it is not beneficial to mine bitcoin as its difficulty is growing significantly and rewards are very low now so ROI takes a long time to recover your investment.
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In the present scenario, It does not seem to possible that Altcoin will be crushing Bitcoin in terms of price. Bitcoin is the king and unbeaten leader of this market for a long time. Mostly Altcoins coins are using the ERC20 platform and nowadays ETH platform does not performing as per market expectation. So still now, Bitcoin is better than Altcoins.
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KYC is just a document to verify your identity and if any ICO requires it as per their document then there is no objection to give that. I don't have any problem to give KYC if it is mandatory to participate.
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My believe that the bounty hunters should keep their rewards token till the full implementation of the project, so that when a coin is listed on which price, at any exchange, that value of the coin is being maintained and Thus investors will also be avoid from losses. At the same time, bounty hunters should not forget that they are also the stakeholders of that project or ICO and they will also be in loss when the values of coins will go down.
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After a very long time, the market has come again in the re-emerge phase. At this time many good altcoins are at the lowest price of the year and it is not wise to sell them. In my opinion, unless you are in dire need of money, avoid selling it in the falling market.
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It is well known that the time of fall is always a good time to buy, then good altcoins should be bought at this time, because whenever the market will come out of the decline, those good altcoins will grow faster in compare to others, then you can earn more profit.
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In my opinion, this is the best strategy, that bitcoin should be held for a long time (1-2 years). This gives better returns than altcoins. It has already been proven many times. At this time Bitcoin is available at very good prices, so it is time to buy and hold bitcoin.
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I think, It may not be possible as there are no one altcoin which have potential to beat Bitcoin as it is the very first cryptocurrency and mother of this crypto market and still now it is the King of this market. Other side there are so many scams exposed in the Altcoin ICO's/Projects every day, so there no chance to beat Bitcoin by any Altcoin in near future.
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2025 is far away and nobody will know what will happen till then, but I think that in the next one to two years crypto currencies will be accepted at many places because its craze among the people in many countries of the world is growing very fast And many people are waiting for its regularization as it will be widely accepted after this.
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Nobody here who can predict the right time of peak and ditch of this market as it is highly volatile. But you can sell your altcoins whenever your target achieved. Always set your targets for buying and selling to gain more profits and safe your funds in this market.
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