We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
I don't think it would have a negative effect. Being a trader, it would give you more options as to where you should trade your coins. However, you should always be careful where you are trading because there are so many phishing sites out there that would try to get your coins from you especially of you are trading in those famous sites. Always check the review of the people when you are trading in a new exchange and check their support if it's responsive and check the fees as well. |
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I think the experience of others is mostly the same as yours and I also experience it, because at first I also did not understand what cryptocurrency is and what the benefits are if I join.
and after I joined cryptocurrency, my life improved, especially in finance and economics and I am very fortunate to be here because the cryptocurrency is able to change people's lives for the better.
I have been earning cryptocurrency as extra income for the past two years and I intend to continue for as long as I can but I am just disappointed with how it turns out for some of the bounty campaigns that ends up being a scam so my efforts are wasted. This may be a good source of income but I won't suggest to make it as the main source of income because income is not stable so you should find a stable source unless you are trading for a few years and you can maintain your lifestyle even if you incur losses. |
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I think this market is not for everyone and that is why I do not usually recommend my friends or family to invest in cryptos, as it is well known that most people have a great aversion to risk and that is why traditional investment instruments still receive large amounts of money despite their stingy returns. And because of this usual risk rejection many newbies use to cry so much as soon as they suffer some loss in this market, because they never assume the great risk that crypto investments involve and believe that getting rich overnight is a simple and easy task.
Cryptocurrency may be for everyone as long as you use it for its actual use case but when it comes to trading it, it's not for everyone because only those who are brave enough to face those veterans in trading would be able to profit from it. This is the reason why there is such a small percentage of people who last in trading because some cannot take the risk involved while some would expect to get rich overnight. It is a step by step process and some may have become rich in such a short amount of time but they are exceptions, not the general rule. |
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Every day I see more and more people starting to feel hopeless with the current market situation because of uncertainty when prices will recover and end this fall. Even more and more traders are deciding to resign from trading and sell all of their assets but that makes the price even more falling.
It is just normal in the trading world because as what I have read, only 10% or even 5% succeed in trading and be profitable with it for the long term. Those who are in the market for a long time would know how the newbies think and the market is a battle field so those who would easily give up would end up giving their money to those who are there for a long time. There are always buyers to the coins they are selling and if you want to succeed in this area then you should learn from your mistakes and not easily surrender. |
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You would need to be very naive to fall for something so completely obvious. But then again, I've seen even CEOs of companies not even understand the most basic of scam tactics on Telegram. So I can see why some broken english guy from India might fall for such a seemingly obvious trap. It's very simple guys, don't send money to anyone for any reason on Telegram unless you know them!
Definitely! There are so many scammers in whatever platform it is and if they private message you and you don't know him/her, it's already a red flag. They may flaunt their bodies but if I know, it's just some guy who knows how the minds of other men works and he is just taking a chance that someone who is naive would fall for it. Usually, it would be those that are new to cryptocurrency and not that aware of the many scams that are going around. |
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The goal of technology was for everyone to have easier lives and work less. Well todays generations have it much tougher. They are working for much lower wages and longer hours. Its next to impossible for millenials to purchase a house on their own. Something here itsn't right, Capitalism?
I can say it's all about the mindset and the determination to have a better future. If you work for longer hours and lower wages then you should do something to make it better. Perhaps you need to acquire new skills that might be paying more than what you are doing now. You need to sacrifice at first and then later on, you would be able to feel the benefits of all your sacrifices. If you think that you are in that situation because of other people then you would not progress. |
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I think yes that this year is bad for ICOs due to bitcoin and altcoins market fall down unlike for last year, but that make stopping for the ICOs they are growing in numbers every-time and new altcoins are created, i think that they believe also that the crypto market will be stable again sooner and bitcoin can recover.
We cannot yet conclude if it would be good or bad for ICOs because there is still a few months left before the year will end. Comparinf the status of it last year then it might be lesser attractive for people to invest in it because of the bear market and add to it the scams going around in which the team would be gone after collecting money. It would get better when the market recovers because many investors would be motivated then to invest and there would be brilliant ideas that would appear. |
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no, this cryptocurrency cannot provide guarantees for you for the future because the fluctuating conditions of bitcoin prices make the conditions of bitcoin prices very difficult to predict, so that whatever risk you have to dare to deal with and don't be afraid.
There is no assurance that bitcoin will stay forever that's why you should have to take this opportunity now to earn from it may it be a bear or bull market. You just have to take a chance that this market would go on as long as you are alive and it would be more valuable. You should just take the risk. As long as many are still positive of its future now and you can take the risk then just invest on it and find other ways to increase your profits from it. |
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After the bleak days of bitcoin this year, the crypto market has fallen. The price of bitcoin is falling sharply and not rising. Many investors are losing money and they are scared. So many people have left the cryptos. Bitcoin is the currency of the future so You must have nerves of steel to deal with the price of bitcoin drops and believe in the future of bitcoin.
People would come back when they see that the price would be going up again. It is just that many are disappointed with what is happening currently. They are hoping that when the price goes up, it maybe the start of a bull run and then bitcoin would disappoint them again when the price would suddenly have a U Turn and then it drops hard which is disappointing especially for those who invested last December because they already lost so much from it. |
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For me, the common problem is not the ICO itself. The problem is the service or the product after the ICO, some are doing nothing which mean the development and roadmap will definitely affected and the price will gonna dump as low as it can. This is the common thing why the existing coins/token become a shitcoins. The ICO is a good thing, specially if you understand the vision of the project. They need to get some funds to make the idea become reality.
The problem is that some teams after ICO would not update the members of the community anymore as to what is happening with their project and some stop its development after the ICO completion that's why many of them do not want to get involved with ICO projects anymore. If they do not continue with it then many investors would be disappointed that's why some choose to just wait for the coins to get listed and that's the time they would buy the coins. |
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It will help the people financially as well as those businesses because the usage of blockchain technology would be an advantage to them with faster transaction and lesser cost. This would then make businesses profitable and their employees may be rewarded as well when they get higher pay since business is doing good and in this way, it can help the people in improving their financial conditions because they would be able to provide for their needs and occasional wants and this would help improve the economy.
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HODL is really dangerous for any trader or investors who bought altcoins that has inexperienced team or an unprofessional team. HODL is not also good when you are doing it for 4-5 years. If you people want to play safe then just do the HODL for 6 months and test if it rises on those months because if not then stop the HODL for the next 6 months so in short just sell it.
I agree with this. I think one should learn how to trade instead of just holding especially here in cryptocurrency market because prices are so volatile and when the market is not doing good, you could lose 99% of the value of the coin you are holding. This is my experience and I did regret not selling when the price of the coin is high that's why I decide to just sell a coin whenever I can and just trade short term because it is more favorable for me. |
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Well, this is indeed a good thing that should implement for the countries most especially to those countries that already been made the crypto currencies legal to them. This is a good opportunity for the crypto users because it will widen their knowledge and will have enough knowledge to keep living in the crypto world and adopt easily in its way of life.
Educating the people is the key so that they would understand it deeply and not just hearing or seeing it from someone else and they would easily just or brand it as scam. We should be the one who will take the initiative to inform them since we are already a part of cryptocurrency world so we should let them understand it and how it was able to help us and what its future might be so that they would imagine something that has a purpose and may think of becoming a part of it. |
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