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Bnb coin is long term coin for me. I have been buying and selling bnb when it was $4 in 2017/2018. Two things that is consistent with binance coin is innovation and creativity! Binance coin has come a long way with decision that add value to bnb and investors! So, I suggest buying bnb in batches as you are comfortable with price. Bnb will be valuable than what it is in the future!
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According to the present market scenario, several good currencies, such as XRP, TRX, and others, are decreasing due to various causes.I recommend investing at least $10,000 in XRP, TRX, and other similar currencies, since these coins will soon yield a significant profit margin.
I just do not understand how you could yank a recommendation for recommendation sake and telling us to invest $10 k on xrp, trx. What are your reasons for this recommendation! What gave you assurance and conclusion that these your 'reommended' coin will continue to exist let alone increase in value in the 2,3 5 years! I think people should be left alone to dyor and make their own decision! |
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If you want to buy IDO and KYC is required and possibly you could not participated because of restriction place on your country, then do not participate. There are many avenue to generate profit in cryptocurrency, do not because of piece meal put yourself against the law. The act of faking KYC itself is a criminal act, there are many other coin you can trade or invest in that will be accepted in your Country!
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I have seen many fundermentally based price pump and a shady coordinated pump ! The formar is as a result of true value been created , generated and applied while the later is simply a trap to grab money from unsuspectng traders and investors! Having said this, It usually take some effort and general support for a coin to rise in price. A pump coin bought at the top may never rise to it's ATH again. So, there is no need keeping such coin!
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Memecoin trend is still on and people keep putting their money in it. At sometime though, this memecoin trene is going to fade out and other trend will take the center of attention. I do not think any exchange or cryptocurrency related website can be blame for vetting. I have seen a situation where there is boldly written disclaimer about a certain coin and yet, people still invest!
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The worst could happen in terms of cryptocurrency prices. It is a good practise never to put all your eggs in one crypto basket, you should diversify, and when bear struck in cryptocurrency market, buy your coin in bits till you are sure of best posdible dip you could find. It is hard work and takes a lots of research to be able to find the best dip and buy up to profit!
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As much as your advice is needed and welcome, you can not seperate emotion from trading! Money naturally evoke emotion and it require discipline from a trader to be able to tame this emotions! The skill needed to manage your emotion in cryptocurrency market require experience and practise. When you master your emotion and get it right, you will sometimes still fall victim of your emotion. I believe managing your emotion and sticking to a plan is the best way of investing and trading cryptocurrency!
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Bitcoin hold a very important position in the scheme of thngs in cryptocurrency. Vitually all coin react to bitcoin price movement be it negative or positive! The market reaction to Bitcoin price is telling us how strategic bitcoin is to every altcoin out there. I therefore think Altcoin will not replace Bitcoin in the nearest forseeable future! Altcoin is enable biecause of the functionality of Bitcoin!
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I was surprised that Monero did not take off after bitcoin in the last price rise we had early this year. The pattern usually during the bull market is this: Bitcoin rises, then Monero also rises to it's ATH! Elon musk entrance and shilling of doge might have change the bull market dynamics this time around. I believe monero is in the class of it's own when it comes to privacy coin. When the time is right, Monero market price will reach it's full potential!
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I like the idea of preparing for the next halving, It will be like an olympiad preparing for the next olympic game! And to be honest, preparation for halving will put you in a frame of mind of success, you ate not likely to be moved by daily, monthly flunctuations of prices on your bitcoin and selected quality altcoin. I believe if everyone have this mindset, market will be stable and there will be some price action as well!
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The recent news about Tela accepting bitcoin and positive news coming from Amazon have drove bitcoin to $40000. This event however is not enough to push bitcoin into positive terretory where bitcoin price could be stable and possibly a bull market could start. The cryptocurrency market is looking like a bull trap for bitcoin. Altcoin season need bitcoin to start.
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I have had several encounter on been unable to decide wether to sell or hold! I believe this scenerio will always play out as long as you are trading cryptocurrency! Setting a target price for your trade exit in advance usually work for me. I try to speculate on how much my intial holding could worth in a full fledge bull market. And when the price target is reach, I sell without looking back!
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I have seen many self acclaim signal services or group lying outrightly to crypto community and their client! Firstly, you need to know that anyobody that have a signal would rather use it for himself first! So, paid signal service is nothing but money grab. I think their interest is in the money you have to pay for the subscription of their services. If you are having problems with graph and technical analydis, you could master fundermental skills. Measuring the metrics that make up good coin and using such standard to measure good coin may be very profitable if you get it right!
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Government Agency are always in the habit of warning cryptocurrency users and threatning exchanges! Anytime I see these warnings, I see it as a signal to buy good crypto. It has turn out to be a goo decision for me. We have heard many good news right after these warnings and bitcoin rebound into positive teritories now! Cryptocurrency is a different market from stock market and these differences is what make crypto market unique!
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Kicktoken and Kickexchange seem to be fraud! I remember when they were spamming thousamds of wallet on ethereum network with 888,888kicktoken ! This was not received well in crypto communities and many felt they were shady! I will not use kick exchange as you can see fake volume there! I also think the project will fade out in time!
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There have been numerous controversies surrounding tether stable coin. As we can see, these thread is an old tread and these controversies were there as far back as 2016. Personally, I am impressed with what tether have done for cryptocurrency so far, it has help to hold values and take opportunities that would have been otherwise imposdible! As for the investigation open against tether, it is left for investigators to do their work. Only a court of apropriate jurisdiction can declare a virdict of any wrong doing if there is any! |
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What is weird about cryptocurrency for me is the price. Sometimes, a coin that is completely underated and overlook may shoot into limelight with the angle that have never been looked at. How the prices of coin rise is also interesting and out of this world. A percentage increase of a coin could run into millions and those that invested in such coin instantly could become a millionare!
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Avanlanche is a good competition for ethereum and I think going forward, Avalanche will prove to better. Ethereum however have raised the bar of development in cryptocurrency and despite some of the developmental challenges been experienced on ethereum network, ethereum is still widely used and preferrred by developers and cryptocurrency community!
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We have seen a degree of restrictions coming from USA expecially in the are of ICO and crowfunding for cryptocurrency projects. What we need in an industry of creativity and innovation such as cryptocurrency is not restrictions and ban rather, a governance and freedom that will ensure the development of potential inherent in blockchain and cryotocurrency!
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