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It will always depend to the projects as there are plenty of projects already that I joined in the past that offered a huge amount of bounty but they were able to maintain their price therefore I earned a good amount of money from them.
But for those trash projects in which I really don't like to join, their huge bounty offer is like a trash. So it's better to join a project that has the potential whatever is their bounty allocation as long as you think that you can gain a profit from it in the end.
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I am not that good in short term trading therefore what I did is a long term one. I pick the coinsthat I like and have the potential to move it's price upward once the market will start to recover.
So far, I almost tripled already my investment and I am still holding it because there is a big chance that my investment will x10 by the end of this year base in our current market situation.
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I'm sure that you are very happy about your decision right now as the price of crypto currencies are tripled already from the date that you have posted this thread.
There is nothing wrong in hodling your investment especially in bearish season as the market will always recover. Market is like a wheel sometimes we are in the bottom but it doesn't mean that we will remain in the bottom forever.
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Your strategy is not that bad but what I notice from your post is that you are still afraid of what you are going to do and you want to play safe as possible.
Do take note that once you will put your money in any type of investment, there is always a risk therefore it's better that you know what you are doing. Though buying btc right now is still a good idea as the price is still moving forward but cashing out your earnings to avoid a huge amount of loss is not a good idea for me however if you are still a newbie then your plan is not that bad.
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Having a peace on mind while making your decision is the best way to do a better decision making. Panic will only cause you some trouble in the end, if you are trader then you need to avoid or if possible erase this kind of attitude.
Though most of the newbies and less knowledge will likely to panic but what they need to do in order to erase it, is to widen their research in order to decide better even in a short period of time.
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Most of the users especially me are worried about the security knowing that the hackers are targeting any exchanges that they can hack as they can get a big amount of money once they can bypass the security of any exchange.
Aside from security, it's better that your exchange will have a user friendly interface that most of the traders and new users can operate it without any problem.
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China is the biggest country and has the biggest population, there is no doubt that it is a big loss if the government will fully ban crypto currencies.
In India, I am not yet sure if the bill has been approved that fully banned the use of crypto currency in their country. But bitcoin is still alive and kicking even if the two countries are absent right now, that means that bitcoin has been spread widely already and there is a very less chance that it can be stop in the future.
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It is very inspirational especially that he holds the record of being the youngest millionaire in crypto currency world. I really love how eager he is aside from being smart because you cannot do anything if you don't have the eagerness even if you have the knowledge inside yourself.
What makes him successful is he didn't stop to his goal even if there are plenty of hurdles knowing that he is still very young. I'd love to test myself also whether I can be a millionaire 10 year from now.
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It's kinda scary is someone can determined the pattern in our public and private keys because if it will happen then there is no doubt that bitcoin and other currencies will surely collapse.
But I am wondering if the project owners, developers and team behind in any project will let this kind of happenings to happen in the future. If the technology and other stuff are evolving then there is no doubt that the developers of any project will also evolve to the next level just to protect that hard earned money of their investors.
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That is a big problem as you are facing a big consequences if you cannot double your investment within two months.
You said that you are professional, though I am doubtful with it as you are still afraid on what you are going to do in order to achieve your goals. It's scary to face those consequences if you cannot reach your target but if you are professional then you don't have to worry about your consequences instead you are starting already the best way in order to double your money.
Use your talent in trading and there is no doubt that you can double it within 2moths or less knowing that you are a professional trader.
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Daily trading is very risky if you are not very familiar with it, this type of trading are being use by professionals traders. The big advantage of daily trading is that you can easily multiply your investment if you are doing it right.
You don't need to wait for few weeks, months and years to obtain your profit. That is the big advantage of daily trading but it's disadvantage is it's opposite, you can also loss your investment in a short period of time if you are doing it wrong. So it's better that you will study it first before engaging to this kind of trading.
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Bounty managers are only doing their work and they are not the one who make the decision on what to pay to the bounty hunters. All decisions came from project owners but there are few projects who are paying bitcoin or other coins that have a value already.
Bounty campaigns are marketing strategy to all the project owners and they are using it in order to hype or to spread their projects all over the world just to obtain the maximum investments that they can get. So if you are a project owner then there is a big chance that you will use your tokens instead of other tokens in paying the bounty hunters, that's how marketing works.
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Their growth is very dependent to bitcoin so there is a very less chance that altcoins will overtake btc growth. Once the bitcoin will rise, the altcoins will follow that how it is working so far.
But everything can happen in crypto world, if incase altcoins will overtake the growth of bitcoin then it will surely give us more opportunity in the future.
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Short term trading really needs a full attention in order to make it successful so this kind of trading style is not suitable for me as I only have a little time per day.
So my favorite trading style is a long term one, I buy in bear season then stock it for months or years and sell it once I hit my target price for selling. It only takes a little time and you don't have to monitor it daily as I only check my investment monthly.
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You already have your own thought therefore I am sure that you already know the exact answer to your question.
It's not too late to buy bitcoin or other currencies that have the potential right now, we can consider it late once we hit the peak price of bitcoin and other currencies.
As long as you can still earn from your investments then you are not yet late.
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If you are not a resourceful person then bounty campaigns are not suitable for you as you need to study first the project before you will decide to support it.
That is the common and basic for bounty hunters, if you don't know how to do it then there is a big chance that you are only wasting your time in supporting the scam or useless projects. It's better that you will take your time to study first before engaging to something so you can avoid wasting your time because many of us in this forum who are earning a good amount of money from bounties.
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There is a big chance that it will happen as bitcoin is widely accepted already and it's price is keep on increasing. Once bitcoin will be accepted even by 90% of the countries then it can surely beat U.S Dollars.
But I am not sure if there are other good currencies that can beat U.S Dollar aside from bitcoin as almost all the other currencies are dependent to bitcoin prices.
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This is what I am expecting but frankly speaking this kind of happenings is very difficult to obtain knowing that every country has it's own policies.
But if it will happen someday then all the crypto supporters will surely evolve to the next levels. Though 10 years is very short time for all the country to accept crypto currency fully and making it legal.
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Username Name: BlackFor3st
Post count: 924
Rank: Hero Member
Bitcoin address: 34cXUudes6J7HiHHjMt3aGnuawj97jKNLL
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