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I agree wholeheartedly op. It is true that many investors including me invested into this cryptocurrency market primarily to earn financial incentive since there are plenty of opportunities available in this market to earn huge profits in the short term as well as the long term. However, as I improved my knowledge of Bitcoin and altcoins in general, I understood the importance of cryptocurrencies in our lives and how they could serve as alternate payment methods in our daily lives.
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Way too early at the moment to even ask this question. Bitcoin itself is slowly being accepted at the moment worldwide. Popular options like Ethereum, Litecoin etc are also being offered as alternate payment options by more and more retailers these days, but tokens still have a long way to go before being offered as payment options by mainstream retailers. Tokens need to rise in popularity just like Bitcoin.
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The extreme volatility of this crypto market is clearly the most frustrating and pleasing aspect at the same time in my opinion. How is it both frustrating and pleasing simultaneously? The extreme spikes provide opportunities to earn profits or incur losses regularly which is why this market is extremely risky to invest into. The scammers and hackers plaguing this market are also frustrating aspects of this market.
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I bought some terracoin because I believe the price will go up again, and I also recommend you to buy Ripple, because Ripple is one of the best coins for long term investment
Ripple is one of the best coins for long term investmenti will go on this one if they will have a large number of burning on their holdings. Ripple is a long-term investment but i doubt on that as they are living in the market because of FUD. I rather hold some NEM/XEM. I agree with you. I know that Ripple has a bad reputation due to its relation with banks(centralized), but that does not mean that it is a bad investment in any sense whatsoever. Many investors have already earned tons of dollars by investing into this coin during the early stages which is why this coin is a great investment choice in my opinion. I am HODLING my stack of Ripple at the moment and am expecting it to rise rapidly during the next bull run. |
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In my opinion, I suggest investing from a short term and a long term perspective which makes this particular decision way less complicated. From a short term perspective, IOTA, Cardano, PundiX, SDXT and DENT seem like great options while Litecoin, Ripple, Stellar Lumens, NEO and Ethereum seem like great options from a long term perspective. Before investing, I urge you to do your research since this is vital in this market.
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This is a great time to purchase the coins and tokens that you are interested in, but you need to decide which coins and tokens to invest in based on short term and long term. If you are focusing on the short term, I recommend investing in DENT, ETN, Cardano, DeepOnion and Ethereum, Stellar, Ripple, Litecoin and Bitcoin Cash would be great choices for the long term in my opinion. Do your research op.
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how to protect your wallet myetherwallet.com  I do not think to break the wallet, the private key must be stored offline on the flash drive with the password, and not in the text file on the desktop, so you do not have to shout at all hacked forums. And of course, do not go to the same Myetherwallet through the search engine on the first available link.so store anything and never let anyone know your password and never let you know your private key. I agree with you. The private key is the most important aspect which needs to be considered in this aspect. Many people tend to forget to store their private keys which could land them in trouble in the future. I also urge crypto newbies not to give their private keys to anyone apart from the people that they can truly trust. Scammers are coming up with more and more creative ways to scam people which is why we need to be extra careful here. |
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What do you guys think about this Gas price surge since Saturday I think. I have been monitoring gas price the whole day today and gas price is ranging from 40 gwei - 75 gwei. This will affect ICO and bounty distribution as they will get high fees in transferring tokens to other wallets. I just hope it becomes normal again like 8 gwei - 10 gwei per transaction.
You dont have to wait for the Gwei to drop that below. You can always set it to the 8-9 Gwei range but only the play here is it will take few hours to get your funds transferred. Currently there is issues going on with the Fcoin airdrops and other airdrops too who are using heavy transaction and thus network has got too much congested. Obviously in such situation the prices for Gwei per transaction rises to overcome the stressed out network. Also in between the Gwei price does drop below 10 Gwei so keep watching the Gas Station page. Experienced this myself earlier and this is quite irritating which is due to the reason that you specified. The last time I experienced something so irritating was during the release of the pet game which seriously messed up the network in many ways. The Ethereum developers need to focus more on improving their blockchain network since these issues are cropping up more often which is both good and bad as you stated. |
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I think that the cryptocurrency market will rebound sometime in August and there is no specific reason behind this. The bulls could most likely reenter the market sometime in August and the entire market will start an upward rally(Not a mini-rally) which would help Bitcoin rise above $10k again and majority of the altcoins would rise considerably in value. This is the sole reason why I feel that this is a great time to buy the coins and tokens that you are interested in at low prices for future profits.
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Your thread title and your OP don't match? But regardless, I think that the number of scam projects is roughly the same as it was 6 months ago in terms of ratio, but now we also have to contend with the fact that a large fraction of ICOs are doomed to fail. There is simply not as much money in the market as there was last year due to the price crunch. If an ICO fails, the bounty doesn't get paid, so you stand the chance of being either scammed, or backing a crap project that fails to generate its tokens at all.
Honestly, I do not agree with what you are saying. The number of scam projects and failed projects does not depend on how much money flows through the market. There will always be a good portion of scam and failed projects no matter how the market performs. Research and luck help in differentiating between legit and scam ICOs according to me which is why I urge op to do his/her research before choosing a particular bounty campaign. |
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Experience makes me confident regarding my investment decisions. Experience matters a lot in a such an extremely volatile cryptocurrency market. I have experience trading in forex matters which has helped me with my investment decisions in the cryptocurrency market. This particular forum itself has also helped me on many occasions due to the plethora of knowledge available here which is why I always recommend this forum.
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when you are bagholding some shitcoin you will obviously be defending it blindly because your profit is at stakes. that has been the case with the ETH bag holders who are getting more desperate every day for recovering the huge amount of money that they have lost so far.
the Multicoin Capital that is saying this bullshit is heavily involved with ETH and the ICO scams that are taking place using this token which is why they are so pro-ETH here.
by the way ETH is the worst long term play because of its inflation and the fact that it has no cap.
LTC has no reason to exist but it does and it has been existing much stronger than ethereum had ever existed!
Ripple is nothing. it is shit in fact. because it is not only not a currency but also it is heavily centralized. no one in their right mind will ever choose a centralized coin issued by a company when there is government issued centralized currency and also decentralized currencies like bitcoin.
in fact i would say Ripple has no reason to exist.
I don't agree with you here. A very small minority of investors would call Ethereum a shitcoin while the majority including me recognize Ethereum as a legitimate coin that is worth investing into for obvious reasons(Development team, features etc). Litecoin is also a great altcoin with tremendous potential which I have invested in and am HODLING it at the moment. Ripple is another great altcoin from an investment perspective and I don't really care about the whole centralization aspect. |
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Honestly, the cryptocurrency market is here to stay and not disappear just like that. Many shitcoins will disappear and new altcoins(legit) will emerge in the market. This has always been the trend from a long time and won't be changing anytime soon if you ask me. Popular altcoins like Ethereum, Litecoin, NEO, Ripple etc will most likely survive while the less popular coins will disappear without anyone noticing them.
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This entire concept seems so interesting and this is the first time I am hearing about this. ERC-721 could possibly help the entire market rally like crazy which is just what majority of the investors are patiently waiting for including me. In the long term, majority of the HODLERS will most likely earn handsome profits and the dumpers would most likely watch from the sidelines. Waiting patiently for this ERC-721 concept to successfully be executed.
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= most are predicting 5000$ is bitcoin lower so ready for it.
a lot of people are "predicting" a lot of weird shit. if you want to believe whatever others are saying then you will end up with your pockets empty. there are a lot of others saying price will fall to $3000. there are a lot of others saying it will fall down to $1000. and there are a lot of others saying it will rise to $10k,.... and so on. =accumulation period also now
it can not be both an accumulation phase and a bull trap at the same time!!!
for most altcoins this most probably IS a bull trap because they are still at least another 40-50% above their real value and they need to go down before the dumping ends. This does look like a bull trap, but this market is so volatile and complicated which is why it is tough to predict what will happen in the future. I strongly feel that Bitcoin will rise back up to $10k in August, but I could be completely wrong since this year has mostly been unfavorable for cryptocurrencies so far. No matter what happens, HODLING seems to be the better scenario at present. Lets see what happens. |
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I have invested in Ripple for the long term and have complete confidence that it will not disappoint me in the slightest due to the growing community, continuous development by the dedicated development team etc. I see a lot of FUD related to Ripple on a regular basis, but simply ignore it which is why I have earned healthy profits through this coin in the past and I am confident I will continue earning in this manner in the future.
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Good analysis op. I feel that Ethereum could drop even further since there is no major positive news to help the market rally like crazy and the prolonged bear market might persist for some more time before rallying again. I am expecting the market to revive sometime during August. All coins including Ethereum have been affected by this bear market which is why I suggest HODLING whatever coins and tokens you have in your portfolio since this is a bad time to sell.
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The cryptocurrency market is quite sensitive as you may have noticed already and I can say without a doubt that market manipulation is a common trend in this market by the whales who perform these operations in a stealthy manner. This is something which we need to simply comply with due to the decentralized nature of the cryptocurrency market which is why investing in this market is regarded as risky business.
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I have not been scammed by any project until now primarily doe to the fact that I do a lot of research based on factors like campaign manager, whitepaper, development team, social media interactions by the development team etc before choosing any particular project. Luck has also helped me here. I urge everyone to do their research before joining any campaign since this helps in a big way based on my experience.
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Never did like Etherdelta due to their horrible user interface, laggy website etc. I recommend Kucoin which is far more accessible and sports a much better interface to interact with. I place orders regularly on Kucoin these days and have never been disappointed and am expecting it to grow as big as Binance and Bittrex sometime in the future. Forkdelta is another great exchange which I highly recommend.
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