Dogecoin before was popular because of the meme "doge", people thought it would be funny to own dogecoin, but it is one of the most oversupplied coins there is, it used to be just a reward for transactions, before not only you will receive bitcoin, you'll receive dogecoin as well, I do not see any value for dogecoin for now, but still there are times when it will spike up, it maybe due to whales, but there is no update whatsoever for dogecoin, if devs would take over, I guess there wjll be chance but they will need to burn a lot of coins if they want to increase the price further.
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I do not see crypto industry being dangerous since there is no evidence of such, though at the start we might hear that bitcoin is being used as transactjon for the deepweb, but in reality only a few percentage of the clmmunity is into doing transactions in the deepweb, also you termed it to be dangerous, how do you define crypto being dangerous, to whom? Or how did it became dangerous, since those people who have crypto currency today, feels more secure since they know that value of the coins that they are holding are going to be worth more than it does today.
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Digiwage is one the coins i am holding among all the coins i have it seems to be the most promising, though the value of bitcoin goes down it's price is still going up, i also have xrp, but it seems to be stagnant just like the other coins i have like, doge, xlm and rdd, i am not just promoting digiwage because it is my campaign but the charts speaks for itself, i also have byteball, which is also a high yielding coin, but if you want to check, you can check them at blockfolio, and you will see the price of the coins you would want to invest in.
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Theoretically yes it can drop to 7000 usd again, if therr wil be less and less transsctions going on, as of now a lot of people are still hodling bitcoins and hope that the price will rise again soon, but I think that they are forgetting one thing, that bitcoin is also a currency and just like electricity, there should be a movement, the release done by Mt. Gox, will give us another hope of accumulating more bitcoins, we should take advantage of this though the price seems to be high, the price will still be higher in the coming months or years, we should just not lrt bitcoin be stagnant, so that the value will rise even higher.
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If you feel that you are not being paid the right amount for your bounty, check all posts/ tweets, there are times that you might not be follwing the rules, though the rules are just simple, we can still make an error, and that will be upon the discretion of the bounty manager if they will be paying you for all your posts or just a percentage, just make sure that every posts is correct and in line with the rules, if you feel it is correct, ask for the spreadsheet, if you see there is something wrong, the manager would still assist you, since they are asking for help to promote their project, they would want it to be done correctly and as participants, we must comply.
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From what I am seeing the major benefit of ethereum is its value and transactions, though there are a lot of ERC20 tokens out there, it is still much better if you invest in ethereum itself, since it is a trading pair as well, you can buy coins from exchanges using ethereum, still there will be fees, but if your goal is for capital growth, you can bet on ethereum. As of now, we are seeing that bitcoin's price is becoming more unstable due to the release of coins of Mt. Gox, and ethereum's value is still stable, there is a high chance that a huge percentage of people would also be investing ethereum since, bitcoin had also came a long way before getting its value today, and ethereum seems to be going there as well.
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I think from what we are seeing berkshire indeed is a good investment, there is nondoubt that warren buffet had established himself to be a great investor/ businessman and a capitalist, however there is still a lot of room for improvment, they need aslo to cater those who uses crypto currency, if they will not, a great empire would fall down, we already seen this with nokia, because they didn't give what the public wants, now iphones and samsung is running the game they once dominated. Within the past years bitcoin had grown more than berkshire, thus a lot of prominent figures in the investment world are bad mouthing bitcoin, simply because they too will loose a lot of money and will loose control, since bitcoin is decentralized.
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It is true that in crypto, is is much easier to invest and trade rather than in forex or stock market, but make sure that you know what you are doing, the same principle still goes, since it is investing, always know when to exit, and to compare crypto from forex/stocks, you do not need anyone to tell you what to do and you don't need to think of paying someone like a broker, you're on your own, just be updated on what is hapoening and read first the company or project before you buy their coins, since there are a lot of projects out there judt hyping that theirs is the best but the charts are not showing any progress.
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The community is always promoting bitcoin, though there are a lot of FUDs out there I guess bad publicity is still publicity, and a lot of people are now being more aware about bitcoin than before. In the past few years, bitcoin is always being known as a currency for the deep web since bitcoin is also anonymous, people tend to relate bitcoin with underground transactions and as payments for crimez, but this time around, bitcoin is considered to be a valuable asset, and we can even see bitcoin in the news, I think what we should do is to give more educational to people on what bitcoin is about since there are FUDs out there trying to ruin the good reputation of bitcoin.
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If the article is correct and only 4 million bitcoin is available, there is no doubt that the price will increase and, but still there are altcoins, I believe that once bitcoin's value is already high and it became more of a commodity than a currency, people will look for alternative ways on hiw they can still profit in crypto currency, therr will be a rise of a new crypto currency, it could be ethereum or ripple or other altcoins, but as for bitcoin I guess transaction will be less and less, since the value will just keep getting higher and higher and just like the gold rush, people will be keeping their bitcoins, holding them and will be using them in time of need.
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What I think is, Bill Gates and Buffet are just afraid what could happen with their investment.
I agree, they are somewhat afraid of what could happen to their investments, since all their life they had focused on what their companies could give and crypto currency is a great threat to them, once people stop investing in their company and found out that their are other options wherein they could also get a huge amount of fortune, people will move their funds, and their company's value will be affected. I also see that for them they had missed out a great opportunity, they wanted to lower the valud sincd they can still influence a lot of people due to fact they are a prominent figure in business and investing, they might want to have a good entrt point, just like what mark cuban did before.
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As from my experience, it will depend on the nature of the coin and the project itself, but as for bitcoin and ethereum, from what I see it still based on supply and demand, we had just seen a sudden drop because of the release of coins by Mt. Gox, that had entered the pool, in return, there was more supply than demand and in return, it had also affected the price of altcoins, since they are also pairing their value to bitcoin, FUDs also affects the the price of coins, it is not just for bitcoin, but for all cryptocurrencies, however for altcoins, there are those who are POS coins, that sometimes ran into oversaturation and the value will drop due to supply and demand again, but if the devs know what they are doing they can make sure that no oversaturation will happen, also for altcoins, it eill depend on the project itself and the team, however FUDs will still be there and it is up to the community on how they will support the project.
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Both are traditional investors, they had gained much of their fortune in the stock market, if people will turn to crypto currency rather than investing in their company via stock market, they will really loose a lot of money and will loose support, also they are not that aware on what is happening with the world today, since they have a lot of money, they could just easily give it away for charity, but those who don't will really tighten their grasp. I think it is a matter of perspective really, both their companies, even microsoft can be replaced easily, and I believe that is what elon musk is seeing, and it is also the reason why warren buffet questions him.
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Bitcoin/Coins.ph are so many way to make our life easier specially for OFW. *They can use it to remit a money for their family in Philippines in a very convenient. *Bitcoin is also way to earn extra money by using earning some satoshi or faucet. Please share more on how bitcoin can help.
Well for starters, bitcoin can help in increasing income, since bitcoin is also an investment and if you are one of the early users of coins.ph and also invested in bitcoin that early, I am sure that you had experienced the ATH of bitcoin and saw a huge difference from the time you started, aside from being an online storage, you can also use bitcoin for trading cryptocurrencies in exchanges, and now that it also has ETH wallet, you can be more productive, you can invest in both ETH and BTC, but since coins.ph is not and exchange your gameplay will be avareging, just keep converting your peso into bitcoin and wait till the value rises. Also, one good thing about coins.ph, is people can pay you bitcoin, which is much more valued than peso.
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How many cryptos should Ihave in my portfolio? Are there one recommended diversification ( like having 3 or 4 coins) ?
That is a good start if you already have four coins, diversification is still much better than putting all your money into one investment, since once that single coin drops, all your your investment goes down, but if you diversified, once one coin drops value, the others can compensate, but don't just rely on four, explore all your options, make sure you also diversify into types of coins, there are POW coins, which are being mined, this coins a great for trading, as i'd experienced it, still keep on buying bitcoin, then also look for POS coins, these coins keeps on staking on your wallet, from the original number of your coins, once it stakes, you will receive rewards of the coin and be added to your wallet, just make sure that the coins you have is a great project so in the long run, the value will grow, also invest in masternodes, in this way you can help the devs in coin creation and in return you will be given rewards. A sample of POW coins are bitcoin and ethereum, for POS coins, some laso have masternodes like digiwage and can also give you a positive passive income.
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Digiwage is one of the coins I have and I am impressed on its movement in the market, not only it's value is going up, you can easily resch out the devs and there is always a sure update, the project is also a great idea, giving more reason why people will support the project, I think the factor that separates digiwage from other altcoins is the community itself, since we all wanted to earn for ourselves, and digiwage is encouraging freelancers and also giving way or an idea for others that there is a crypto currency made for self employed, so they don't need to worry anymorr if they would be paid or not, people could just simply use digiwage. I am confident that this project will reach new heights, and FUDs will always be there, just to bring down the value so they can buy it cheap.
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I think this is not just focused on one group of individuals, from what I am seeing, this is still true up to now, even elon musk is venturing into crypto currency as of now, it is true that demands will rise, however we should still be aware that there are those ICOs that will ruin cryptocurrecny again, and those are the ones we need to watch out for since it will create a scare to people about cryptocurrency and they will think that all are the like. Hopefully everything will turn out all right since bitcoin is already being accepted worldwide, and all other altcoins would follow.
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If the economy falls back again and another depression will take place, a lot of people might be out of jobs again and turn to look for work off shore or better yet, will try to make their own business, but since there is an inflation, interest ratrs might go up just to compensate for what is lacking, and therr is no doubt that people will get even more curious on looking for ways on how to create their own money or make a living, there is a high chance people will try to invest on crypto currency, but before they do they must know the proc and cons of having one, because if everyone is into crypto currency, and there has been a FUD coming from prominent figures there is a high chance of doubti g their investments and once therr has been a proven scandal or someone taking their money, since there is a down fall of the market and doubt in crypto currency, the reality in Venezuela may become a reality for all of us or even worst a pandemonium since most are stuck in the mind set of working for money, and once there miney is of no value, they might just steal, just like what is happening in some parts of the world.
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It seems that when fiat has loss its value, people seem to go back to the old ways, and that is the barter system, therr is nothing wrong with their method, since humans learned how to survived using barter exchange before, though it may not be the norm today, this is how we used to be. If Venezuela can pull this off and make petro their own crypto currency, the world will see a crypto currency in andifferent way, this will give hope to all nations who have debts, I think they should use a lot of their coins into ttading, and exchange it to bitcoin, then cut their ties totally with US and find another super power to ally with and use their allies' fiat to exchange their petro, I am seing in that way, they can pay off their debt and be back on their feet.
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A steady growth just like what we have now is much better compared to a strong upward spike that we had expeirenced months ago, since it only means that what we have now are strong will investors, who know when to buy, hold and sell, and it only shows that we have a very health market, however for an upward spike, it is considered just a hype, a pump, and certainly after every pum, dumping will follow afterwards, since the price already had increased so much, for a very little amount of time, most will sell off, since it is an easy profit for them, and this does not shaw a very health market. Among the two, I would rather choose a steady growth than a strong upward spike.
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