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It can be called an end when Bitcoin stops trading and disappears . Bitcoin has fallen many times already, and this time is clearly not one of the last. If you think that this is the end, then you should go out of the crypto.
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Considering what kind of payments we get for our work, I think it is better to spend sleepless nights to study another field of activity. Diversify your sources of income, the bounty era is paused.
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Cryptocurrencies should have been studied in schools from the moment they appeared in the economy, which would lead to the fact that young, at that time, investors would know how to invest, why and when. They would not fall into those traps and would not have encountered the problems they encountered this year.
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Due to the global economic crisis, the purchasing power of both ordinary people and large investors is lost. Which leads to the fact that people sell off their assets, and this leads to a drop in prices for them. Also, investors do not invest in ICO and projects become incapable of raising funds.
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It is better to save your Ethereum until better times, the price is now heavily dumped, but I would not advise selling it, better wait until the price rises to at least $ 200 - $ 300, but even in this case I would wait. Everyone is waiting for the December and January events, perhaps Santa will give us a bullish trend for the new year.
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I think it's best to invest in your $ 500 ETH right now. Because now the price of the ETH is very low. I hope the price of ETH will increase soon. If you buy ETH right now you will benefit 100%.
The price is really very low and seductive, it is likely that Ethereum is one of the most attractive investments in the current market, but there is a high probability that it will fall even lower, so that total global panic and the biggest November sale would begin. |
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We live in a world where personal gain is the basic need of the masses, everyone tries to make themselves well loved in possible ways, when people create scams or cheat, they do not aim to harm others, they aim to do well to themselves, to enrich themselves without thinking others will suffer from their actions.
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Personally, I am a supporter of diversification in all its manifestations. I have already made enough mistakes in investing in only one or two projects, which as a result did not bring me proper profit. Now I try to invest not only different projects, but also in different investment areas.
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We already live in the digital age, electronic currency is our future. If the blockchain manages to become the most convenient, fast and safe structure for storing, accumulating and transferring funds, the whole world will use it. Will it really depend on the events that are coming soon.
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I hope that this will happen, the trend shows a decrease in ICO's popularity every month, hence there will be less and less new projects, old weak projects will be closed every month. All this will lead to the purification and improvement of the crypto market, just in time for the new growth and the next wave of popularity of ICO.
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If we talk about altcoins, then I would choose Ethereum as the most reliable, Ripple, you can still add Stellar, the project shows good price stability, this will be enough. You can look at the coins not from the list of the top 100, there are a lot of good projects that are still undervalued.
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Considering the current state of the market, I would advise everyone to postpone investment, we are probably waiting for a deeper decline in prices by another 25% -30%, which will not be known further, probably growth, so wait for more attractive prices.
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Greed can ruin things in any field. In crypto, as a rule, because of greed, you either lose money because you did not sell it on time, or you lose money when you sold it too early. Predicting the growth of coins is extremely difficult, so always think about the risk that you expose yourself and your assets with a long wait. Sometimes it's better to sell sooner than later.
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How many such bitcoin drops have already happened, every time someone said that the end has come, however, bitcoin and the crypto market are still alive, transactions continue, and most of the bitcoins are still on the wallets of the holders. It's time to get used to this kind of market behavior.
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For me, one of the most unpleasant things in crypto is the delay in payments. When you work days on the flight, for several months, and then wait a few more months when you get paid, then another month or more until the coins go to the exchange. All this spoils motivation and deprives of strength. However, when the market recovers everything should be fine.
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Government bodies have a lot of power over people, so they can destroy the cryptocurrency. But I hope that they will be able to consider a lot of advantages in cryptocurrency and will contribute to the development of blockchain technology.
They will not be able to destroy cryptocurrencies, they don’t need it, they need control and regulation, they will try to become intermediaries between users of cryptocurrency. The crypto market is above the state, and of course this is a problem for them. |
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The thing that made me disappointed was when I joined the ICO project. And the project I'm working on is 2 to 3 months according to the duration of the project. But when they will make payments and be delayed, of course, this frustrates me. Because we definitely need money for living expenses.
I would advise you to think about participation in the ICO as an opportunity to earn some money, you can’t hope for a steady income in this area, because there is too much chance to earn nothing at all. There is no point in getting mad about Crypto, just trade to make the money you need then get out. Absolutely right, most people make the mistake of being too emotional about crypto, fall in love with projects and blindly believe that some kind of coin can make them rich. Crypto is just a tool for making money, and the sooner you understand this, the less emotion you will experience from failures or victories. |
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Hopefully, you've learned your lessons about trading. There's no secret recipe, there's no pattern to hold to, there's just discipline and faith in your strategies. The fact that you find it too tiring, too time-consuming and then you got distracted by blockchain gaming shows a few things: that you were not disciplined enough to let your strategies play out (letting stop losses trigger, letting buy orders trigger).
The experienced trader spends time reading and learning, and then setting trades, allowing them to happen or not. Might be a lesson for us all.
Only discipline and strict adherence to your trading strategy can give you money in trading. Otherwise, you will be standing still, getting poor results from your hard work. Trading is hard work, not everyone is ready for it. |
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It is very difficult to determine this moment, that it would be easier, I use the risk reduction forum, I ask myself how much I will lose if I don’t sell now, if I’m ready to lose this amount, then I’m waiting, if not, I’ll sell.
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If I were you, I would invest $ 1500 in Bitcoin and Ethereum, the rest of the funds I would prefer to invest in another area not related to cryptocurrency. If you already have investments in other areas, then you can invest the remaining $ 1500 in several large ICO projects.
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