It's just a normal healthy correction. It was well overdue & needed tbh. Things will pick up again soon
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I managed to buy some bread tokens during the recent ICO on binance & this morning I see the tokens are now showing in my wallet (but can't be traded or transferred yet). From what i'm lead to believe, we can expect trading to go live around 23rd or 24th December.
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There's lots of reasons for the increased demand: As the community has grown larger, more people have bought in causing the price the price to rise. This increase in price has lead to more media exposure which has increased awareness & adoption at an even greater rate. The barrier to entry has become smaller too, as Bitcoin is seen more legitimate & less shady that it was in the past. There's more wallets & exchanges than ever as well as more people who can help newbies learn the ropes.
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Actually, I have thought of one worthy charity: http://www.fightfortheforgotten.orgIt's a charity set up my MMA fighter Justin Wren for liberating pygmy slaves in the Congo, as well as drilling wells to provide sustainable drinking water, rainforest preservation & wildlife conservation. Joe Rogan himself recently donated bitcoin to his charity: https://www.youtube.com/watch?v=tk2jKc2U2Z0I've reached out to Justin & encouraged him to apply to your website & I really hope you can help
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Yes, of course social media influences Bitcoin's growth. The increased exposure really helps bring exposure to Bitcoin & in a way helps legitimize it as it becomes something most people are familiar with (I.e brand recognition).
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Yes there is no denying Bitcoin is highly addictive. I'm amazed at how much of my time i've suddenly invested into Bitcoin & Cryptocurrency in general. I'm not complaining though!
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Yes, no doubt we are still at the early phase of Bitcoin adoption. There's a long way to go yet but I see no reason why the market cap can't reach multi-trillion valuation.
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I think anyone who has invested a decent amount into crytocurrency needs to make sure that they've secured it safely & that they've provided a trusted loved one the ability to access that investment should something happen to you. I've shown my wife how to open & operate my hardware wallet & have written her the pin code & kept it safe.
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I do still buy but I i've slowed down the amount I invest by quite a bit. I used to invest regularly the moment I had available cash, but nowadays I just wait for market corrections & buy the dips.
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Don't really have any suggestions above what has been mentioned above, but just wanted to congratulate you on a truly worthy & noble cause! Hopefully these donations go on to make a big difference to those charities whom receive them, as well as inspire others to donate too.
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Yeah it's just a normal correction, which was well overdue anyways. This time next week, we'll probably be back at all time high's for a lot of these coins haha.
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Yes i've been concerned too. The recent price pump wasn't sustainable & I always worry about the possibility of a massive correction when the price spikes like it did. The other frustrating thing is these crazy BTC bull runs always seem to suck the life out of all the alts, which isn't healthy for the overall market.
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Bitcoin has first mover advantage by being the first Cryptocurrency out there. It has been around the longest, which help gives it bigger brand recognition & trust amongst the general population.
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I've just gone through the refund process & got my ETH back immediately & without fuss. Thanks.
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As others have mentioned, your safest option is to get yourself a hardware wallet. I personally use the Ledger Nano S & highly recommend it.
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I've written instructions for my wife on how to use & access my hardware wallet in case she ever needed to. It's a bit morbid to think about but it's always a good idea to give a trusted love one the ability to access your crypto in case of any unfortunate circumstances.
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Best advice I can give you is to get yourself a hardware wallet. I have the Ledger Nano s & highly recommend it. Aside from using a hardwallet, just take basic security measures like ensuring you have a good antivirus, beward of scam / phishing sites, never share your private key with anyone, use 2FA wherever you can, don't use same password for all your accounts etc.
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It's hard to predict what will happen in the cryptospace in the next 5 weeks, let alone 5 years! There will certainly be many ups & downs between now & then, but I foresee Bitcoin to be in a healthy position with mainstream adoption & a price a lot higher than its current value.
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Binance are working on adding the stop loss feature, which should be implemented very soon hopefully. I've been using Binance as my main exchange for about 3 months now without issue & it's honestly become my favorite & most trusted exchange. I'm not too familiar Kucoin though.
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Nothing lasts forever. So no, the price will not just keep increasing indefinitely. However, as long as demand continues to outstrip supply then it will. In the overall scheme of things, we're still so early in the bitcoin (& crypto in general) life cycle, was it should be many many years yet until you have to worry about the price reaching its ultimate peak.
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