It depends on the mindset you brought into cryptocurencies as a whole. I guess you came with the mind of getting rich quick but got disappointed with what you met. You have to just keep believing, people have been here for 10 years and counting and witnessed the good and ugly sides of the market, so chill and let things grow.
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Well for the most part people would like to accept bitcoin as a payment system or solution but in the wake of the 2018 crash, most businesses lost interest in accepting bitcoin against fiat. Fine, it is often regarded as a digital store of value, but imagine you received bitcoin as payment in 2018 February, and loosing over 80% in value.
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Maturity is gradually setting in to crypto space, pump and dumps are gradually dying in effect to that. The set of investors we have now have been around since the crash in 2018 and have studied the trend for a long time. It'll only happen when there's a Bullrun, because FOMO will set in without control.
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It's a basic trading rule of making profits and balancing your loss but atleast, it's a pretty good starting point for newbies. But always brace up for uncertainties in the market.
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Even after Learning your lessons, greed will somehow defeat the lessons you learnt in your days of losses. You only have to be self aware and conscious of your investments, 5x gains is still not bad instead of letting loosing.
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Your analysis shows how well you know how an exchange should work or works. Buy the dip largely depends on your own pocket and strategy. This is not ex at the same in stocks, here we have targets and plans to implement the targets. If it meets your own price, then that's the dip, it mustn't conform with every trader's dip. Always buy the dip
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Nobody can truly say when the next bullrun is happening, and as a matter of fact, people are a bit scared in investing this first quarter so as to not have what happened last year happen again. Bullrun will come unannounced.
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In a bear market you really need to do plenty of research to make the right decision as to when to invest. Tokens are cheap during ICO but become cheaper after ICO after especially in a bear market depending on how strong and good the projects is. In a bullish trend, buy in ICO, in a bearish trend, buy after ICO.
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One funny thing here is that it is full of uncertainties, and therefore you know not the next line of market action. What do you do? Always go in with a plan whether shorting for long or shorting for immediate gains. But I beg to differ that BTC is not overbought, it is oversold instead.
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Even if they release Dapps it's not possible to stop people from selling to make early gains. Remember it's the forces of demand and supply that determines the price in most cases. A project will bounce back if it is very good and has a promising future.
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The most common of them is the No.1, people always say that and That leaves me with the question; Can you not use fiat for criminal and fraud cases? You have to be strong in belief to withstand all of these myths because they come often. We need more of positivity to gain mass adoption. Stop the myths educating them well enough
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For the tech it's a yes, but for the risk, it's a No for me. Let's say in the wake of 2017 bullrun you recruited your neighbor and he consented in the last lap of the bullrun, invested and things started to go all the way down like we saw in 2018. What impression do you think your neighbor would have LG you?
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The uncertainty factor in the cryptocurencies space will not make this work in the minds of investors. For people still wanting to invest in ICOs is a clear sign of uncertainty playing out. Bull or bear, people want to try out in ICOs based on past success stories, but that's still dependent on their first hand information about cryptocurencies.
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I guess you really do not have enough experience in trading, you may have made a sell order for a profit of 10 satoshis but completely forgot because the price had gone up to a 100 satoshis. It happens generally though, but you have learnt at least.
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Greed and hype is like the bloodline of this space, most people FOMO in by the hype and later get greedy if the hype makes it through, and then boom everything is gone. People completely forget the law of gravity in investments or anything having to do with finances. You said it all never love a coin. Always take profit.
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We have had too many ups and downs in cryptocurencies but still the force is standing and going strong. A bubble will only Burst and thats the end of it. There's plenty of hope ahead I strongly believe, we only need to be patient a little more longer.
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It's not just about being in the top 20, and with high capitalization it's about getting it right with the real world applications. Things can go south for those coins too and then what happens next? People have been here for over 10 years and were able to cope with the good and ugly sides of the market. This is only a correction phase, it'll pass.
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I think people are more careful in investing this year as regards 2019 than in 2018 which was as a result of the price hike in 2017 and with FOMO contributing. The outcome of 2018's investments will change 2019 drastically.
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It's a market, people are always looking for opportunities to pick up low coins and sell high. On the other hand, Just like you have inexperienced sellers, we also have inexperienced buyers. These two categories go hand in hand in most cases especially when it's a shit coin.
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The ICO space is already messed up but still doesn't stop people from falling into web of being deceived. Not all have access to the right information even if they go deep in research. The easy thing is to regulate ICOs.
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