I'm always careful about sharing my personal information with third party. I have seen cases of fraud where the whole essence of the project was to still identity of airdroppers and sell or use for whatever purpose they have in mind. While ICO participants should do KYC, mandating for airdroppers is not worth it.
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Since it looks as if bounty hunters takes great delight at dumping at any available opportunity, I believe that payment in Eth should be encouraged. A little modification therefore should be that the payment should be split between payment in Eth and the project token. Bounty hunters need to be committed to the project too.
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I honestly doubt if there's a direct correlation between the price of oil and bitcoin as they aren't in the same sector of the economy. Price determinant for btc have always been either increase or decrease in demand or positive and negative news.
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Now I know why the likes of Venezuela are thinking of crypto adoption for their currency and just last week, The United Arab Emirates inaugurate an economic committee to develop a suitable roadmap for crypto adoption in the country. I think the wise one have started taking steps towards abandoning dollar. Bitcoin is the next global currency.
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According to Billionaire Mike novogratz, not only would Bitcoin recover from its present downward trend but he is forecasting a 20 fold increase in cryptocurrency market capitalisation. Figures shows that the highest market capitalisation ever witnessed was $900B, it would therefore take nearly a 20 times increase to attain the forecasted $20 trillion.
In my opinion, I think it's possible considering the fact that we only have about 7 to 11 crypto users presently and adoption rate is still minimal. With mainstream adoption, then $20 should be possible. This is just my opinion, please feel free to share yours?
Can we reach a $20 trillion market cap by 2028 ?
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I invested in electroneum ICO in October 2017, it was sold for 0.005Eth at that time. After my research and analysis, I was convinced of its potential and the project yielded almost 8x in profit. They might be scare but successful ones do exist.
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My contact with Bitcoin was in the era of high yielding investment programs and I just know it's a digital currency. I never knew about the amazing technology that is blockchain behind it. Though I ended up losing considerable amount of my investment in Hyips, I am glad for the enlightenment I got which is Bitcoin.
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Market can really spring up anytime soon and moreover I'm awed and fascinated by the number of projects in the cryptospace presently and couple with rumour of Rostchild family considering investment in blockchain, I think the market would definitely recover but $100k is a big dream, $30k would even be considered a miracle.
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With my experience I think both have been inadequate in making trade decisions this year. Trend analysis have not being a good indicator of price movements and the market is still very volatile. Traders should focus more on news either positive or negative, these have bigger influence than just chart.
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That's the just the plain truth. After my portfolio dip as a result of fomo and poor research, I have made up my mind to wait even if it took 2 years for the market to fully recover. The code is invest in solid projects with use case and forget it till it buys you lambo.
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That is more reason why it's advisable to do in-depth research before investing. Even if you invested at a wrong time, if you're patient enough, market always recover and you will still end up with profit.
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Not just new investors but new funds and that could come from old investors and subsequently increase in the market capitalisation. With new funds ( new investment), there should be a corresponding increase in the value of a coin. That's my opinion.
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I believe the news that some shops and outlet are ready to accept bitcoin for transaction in Russia during the world cup should cause a spike in the value of bitcoin anytime from now. So yes, bitcoin is recovering.
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I sincerely believe that the downward trend is over but that's just speculation. I don't see btc going below $5k dollar regardless of any FUD or negative news again this year. Any thing that makes btc fall below 5k, we might as well conclude that the market has crash.
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If history is to be taking into consideration, bull run should start towards the end of the year specifically in September. Last year parabolic rise starting around the same period, I definitely believe that the rallying round this year would be same too. Buy the dip now and smile tomorrow.
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I think saving money is a wise thing to do but not the best when you can as well invest such money in a promising project with huge potential in the future. Depending on how long you want to save the money, you can choose base on either long term or medium term project to invest in after your research.
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You can use this simple formula
Profit or loss = (S.P per unit -B. P per unit ) * total quantity of bitcoin purchased.
That's you can calculate your profit by subtracting your buying price per unit from the selling price per unit. You can then multiply by the total quantity purchased.
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This is a giant step and a positive for us in the cryptospace. I expect other techi-giants and corporations to start adopting cryptocurrencies in their operation anytime soon. The bulls are definitely returning to the market.
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Dear Newbie, be glad that you're one of the very few people on earth that knows about the amazing opportunity in cryptocurrencies, actually less than 1%. The most important lesson I would love you to learn is never to FOMO. Unfortunately, I learnt that from experience, I lost 50% of my portfolio to FOMO and by the way, FOMO means fear of missing out.
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We are in the same shoe, my present investment in Cardano has reduced by more than 50% which is why I have resorted to bounty to reduce my loss. I think that's the golden rule of cryptocurrency, do not FOMO. But I am sure that the bulls would return, just don't sell at loss.
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