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Bitcoin is worth every minute spent on it, if you study and understand the market and know when to buy and sell, the bitcoin will reward you well overtime, just be patient with it
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Its very rare for such to happen, iv actually never sold crypto for cash, but i've instead change crypto for crypto, i don't think changing crypto for fiat is a wise idea either, i preffer circulating them just within the cryptocurrency environs
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Its very rare for bounties to pay in BTC or EH and the fact that you are sill a newbie doesnt make it easier but i think as you climb up the ranks, the pay you will earn will be made in higher and more valuable coins, so just a little patience and learning from you will make you go places, grow your profile first
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Most people panic when there is a slight decline in Bitcoin value and decide to sell cheaply, this should however not be the case, its better to stay a little patient with it, whatever the reason that might have led to its decline,it will recover, just hold on to it
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Holding is not bullshit at all, the coins you hold should be carefully considered before you decide to hold. if you hold coins with less value then they may not gain much overtime.holding coins with high growth potential will give you good returns, so just chose wisely and hold, the result will come
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Decentralized money is definitely more appealing than the centralized banking systems, the Banks tend to lend out your money and charge high interest rates for it making a kill,while only giving you a small portion as interest, decentralized money on the other hand can rapidly gain value over a short period of time and earn good returns.its also not controlled by any one making its operation simpler.
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Is it good combination about bitcoin and our current government? lets talk about this things if these two option was combined in the future, Our government used bitcoin and spread to every people in there countries. For me it is good. why? Because: 1. Is good for all businessman for good transactions. Buy something and sell something. 2. Is good for payments needs to pay like billings every month. 3. For less time and moved for travelling on anywhere we want. 4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's 5. Easy to transfer money if they needed immediately like emergencies. pay for medicine. Theres a lot of good reason. Its a good news that your government is embracing Bitcoin, Bitcoin is a good crypto that will change most economies if properly put in practice. these are such nice implementations that will come to increase the economic growth of your state |
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Looks like this is your first bear cycle. You need to look at the past bitcoin charts and then think if this is the end of bitcoin. Bitcoin has went through several down cycles like this and has managed to recover and go much higher every time. Bitcoin has went through one of the biggest rally in its history and the price cant always just go up.
The people who keep saying that Bitcoin is done just because of the price fall probably don't know much about BTC, i agree with you. BTC has gone through a lot and recovered and it will recover this time too |
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This year is very unpredictable, anything can happen but i don't think if the whole year will be red, the crypto market is currently going through a hard time with wavering prices, which is a norm for a volatile market, but i believe it will recover
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There are a lot of people who know Bitcoin in the world, there has been lot Of Talk on a number of social media platforms that enlightened people about BTC, The governments issuing warnings on BTC use has further popularized BTC as most people get curious on what this crypto king is
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Bitcoin is an interesting crypto with high value, but i don't think its the new gold or is anywhere close to Gold, the instability of the market, makes it less likely for Bitcoin to act as a storage of value as its value can decline overnight leading to huge losses.
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wallets offer more security to your cryptocurrency and the ability to control what happens to them. something that exchange doesn't do very well, i believe security of our investments should be given top priority therefore wallet is preferable,
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its basically impossible to to know when the market will boom again because of the continuous wavering prices, we have overstayed in the red zone but i think the recovery is about to start.
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The crypto market has been hit so badly with the decline. and the red zone seems to last forever, most people are pushed into panic sales but i dont think its worth the fear. coz the market will definitely recover at some point.
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I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market
is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and
dominate.
This market is made to make money and profit from noobs it's like a bitconnect scheme. Every dollar that is made by someone, someone will lose money. Every dollar that
is made in this system will be sold to fiat and if there is low btc buy power it will mean that btc will only keep going down. This market is basically made to make
money from new users like a scheme. For example can you actually believe that if you would've put 10k usd into bitconnect you would have a monthly return of about 4500
every month by lending? This is unbelievably high which again means for every btc/dollar you lend out into this cryptocurrency system = someone will lose money that's
the main reason this market won't be there for long. Because it's basically a pyramid scheme.
This is the exact problem with limited understanding of how the crypto market operates, one wrong move or decision doesn't necessarily mean that everything is a scam, i suggest you do your research well and increase your understanding of the crypto market. |
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You could if you feel like its the best move to make with the prevailing circumstances, the prices are low and very ideal for purchase. but its safer to spread your investment widely buy buying a variety coins with good growth potential
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Be careful what you do in the name of crypto. invest only what you can lose. if you can afford to lose your house then go ahead and sell, just be sure that you will not regret it
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People should invest on Bitcoin because its the future currency, its easy to use and safety is guaranteed. the returns Bitcoins are able to attract overtime is also a reason to invest as it gives people a chance to earn extra income
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the market will recover, its just a matter of time it it does, and its a good idea to buy now because the prices might just not go lower than it is now, buy now and have a chance to make it big in the future.
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People have various reasons foe converting BTC do fiat, lots of stores still don't accept BTC as a form of payment and if one needs to shop and they don't have cash, they just have to convert. it doesn't mean that such people don't value BTC
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