I like the idea about 20% and I doing it myself, I call that something like "safety cushion" since you never knows, what situation can happen in future or with your health. And around 5% of them will something like a bonus to my pension. I think even holding them in banks are risky, that's why I split them into three different banks.
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In time, when OP asked this question, I guess it was the best time to buy/invest in bitcoins since it was before all this hype around bitcoin and technology blockchain and bitcoin price did 4x. What about now, the situation is not stable and it's hard to predict what will happen to bitcoin's price, it can back to 10,000$ or continue his trend.
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Your Telegram Username: @Jewkrainian Your Btc address (same as on form): 12rciefX9vPmS1mGz7ijnMnQJETp6VgcPe
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I don't know how bitcoin can solve the world's problem, but I sure technology, what he showed to us "blockchain" - can. And many of start-ups and ICOs, created in last years and in 2018, showing to us alternative ways of using the blockchain, and how this technology can change our world and help others.
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I think it just an effect what did the massive advertisement campaign in end of 2017, what was financed by the group of rich investors to boost bitcoin price. And since many of new people started using bitcoin, demand grew thereby increasing the price.
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To be honest, I think, you can combinate your investment by investing in bitcoin and at the same time in altcoins. Your 1,500$ you can split on 6 pars (250$ each). So, 250$ will be max amount what you should invest in one altcoin (total 4 parts) and other 2 parts you should invest in bitcoin, first part while bitcoin ~9,300$ and another part if bitcoin will drop to ~7000 - 8000$ or if he will up to 11000$.
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I think, that's all happened, because people, who were interested in promoting, stopped to promote bitcoin and hype around bitcoin is dead, if we compare it December 2017 - February 2018. Anyway, I still think, there a lot of chances, that bitcoin will back to 20,000$ till the end of this year, so "hold" strategy is still actual for people, who want to make a profit.
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I think, closing down all new upcoming ICOs , won't help to resolve problems around frauds. Of course, I don't support people who running ICO just to make "easy money", but ICOs move progress and showing to us different ways of using blockchain technology. And I also don't agree with "if there is no money to develop the project, please do not try to project it.", because sometimes people who haven't enough money have revolutionary ideas, what would change our world.
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Since I'm making not really much. I created own formula to manage my income. Like 20% goes in crypto, another 20% savings, around 40% (food, bills and etc). So every month, I have like 20%, what I can spend on clothes, gambling or anything else. And if tho 20% not enough to buy an unimportant thing, I just waiting on another month to be able to buy.
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I agreed with OP, people always like to say "If I would buy bitcoins for 10$, could be rich now", even when the price was 300$ and when the price was 2000$. But fact that everyone had a chance to be rich, even now everyone still have a chance, there a lot of coins what can be another "train", you just should do research, find, invest and HOLD!
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I still wonder, why most countries still using cash as the main payment method, I think for everyone obvious pluses of using the digital money, from such banal as saving time to help society be more protected and transparent. Right now, I glad to see that my country changing and trying to become a cashless society.
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I think, that with such popularization of bitcoin and other cryptocurrencies in general, it might happen in near future. Even now in some countries you already can easily buy automobile using bitcoins. And I think most of the dealers will like to accept most stable cryptocurrencies now, you should just ask them.
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I think now, it's a bit risky to join (invest) in different cryptocurrencies on a long-term, because with such not really stable situation around cryptocurrencies, in general, it's hard to predict what will happen to them (I'm not talking about price). More and more I see arguments and thoughts about that government will create own cryptocurrency. And we can only guess what will happen to already exist cryptocurrencies.
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Yes, if the person, who was holding bitcoins from 2011 and still have access to them, he easily can transfer them, bitcoins still be valid for transactions. But I try to imagine, how could it change our "present" if everyone wouldn't "spent for nothing, just pranking and stuff...", and were just holding, or without such action, we wouldn't have such price, what we have now?
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I think, first of all, after "all paper money were change into Bitcoins", the government will start an education program what will be aimed at educating people to how "use" bitcoins and other cryptocurrencies. About beggars, I think they will use paper wallets or there will be an ATMs on streets, what will let to transfer bitcoins if user knows his "pass".
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I think, it's possible for the government to create own cryptocurrency and I more, than sure, that government will do it, And here right words, what I heard from other users here "join them if you can't beat them". But, then we should think, what will happen to cryptocurrencies what already exist, I think will be two way, or they will be banned or they will be regulated.
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Well, can't say that's basic strategy, but it might be not so successful as you think. Like, let's imagine that, after selling your bitcoins at price "x", the price will go up, instead of down. So, that's why I think you should buy part by part till an "x" price, and not buy bitcoins on all your money at one time, that will give you mid result and with the negative situation will help you lose less.
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I think, that there some pluses and some minuses for bitcoin and other cryptocurrencies in general about all this situation with taxes. So, basically, it will have come legally to trade bitcoin and other cryptocurrencies. But also info, that government will able to control cryptocurrencies, just killing all ideology of cryptocurrencies.
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