I missed the dip the other day and am wondering if I should hold out for another dip or if the current prices are still decent. Mainly looking at litecoin and etherum. I also need coins regardless so I can exchange for other altcoins.
In my humble opinion,the prices now are very modest.I am not a financial adviser so do not take my word for it.But I do think the best time to profit from any bullish run is when it is just starting,I beleive this one just started.I would invest now. |
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Those who bough bitcoin last week must have made atleast 10 percent in profit.I still believe bitcoin is still a good buy at even 9k USD if you intnet to HODL for like 90 days.The green days have returned and may be here to stay for long.
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It is an excellent way to learn about different projects,especially if to you are the type that do write articles/blogg.Also,it is a cool way to raise some cash for you to invest in worthy project.
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i have look at a lot of ICOs,a lot of them are scams or very weak project that do not deserve any public funding.I am considering CORL (corl.io) and Robotinaico.com.It seem to be very promising. |
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For me,one of the commonest thing i see is so much attention being given to how to purchase the tokens or how you earn when you refer people to buy the tokens rather than on the quality or merit of the project itself plus absence or low availability of credible info about project.
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Thanks a lot for sharing this.Thanks also for checking in and reporting the dropil airdrop as a scam.Dropil is a great project, those who are perpetuating scam airdrops are up to something sinister.
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Japan is an awesome country as far as cryptocurrency is concerned.They saved the market when China pulled out of the market,provided a safe haven for startup and their Government has shown that cryptos and fiat can co-exist for the benefit of all.
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You become better in trade and investment in general if you take very drawback and learn from the mistakes and never repeat same mistake twice.The best investors at one time or the other lost money.Trade goes beyond both technical and fundamental analysis.Emotional training is also important
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Ethereum is an amazing cryptocurrency.It will recover soonest to its all-time-high of 1300 USD and move beyond tha.The market has already shown all signs for a bullish run and this will push crypto to mainstream.
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It is kind of difficult to pump and dump bitcoin as you would coins with small market cap,the risk reward ratio makes it unattractive.I believe the growth we had a few days back are genuine signs of a market comeback
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some of the main draw backs of being accepted in mainstream business circle as a means of payment as follows
1.Slow speed of transactions.Merchant want instant confirmation of payments from clients,bitcoin had a lot of issues with a lot of unconfirmed transactions
2.High volatility,people want something that the value is fairly fixed as a means of payment.If there is a way to deal with bitcoin high volatility,it will be a major breakthrough in its adoption as a means of payment.
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There are those who profit from bitcoin market crash and there are those who lose money.If there were no fluctuations in price,then it would have been impossible to make money from speculations.The sad truth is that sometimes,some person will lose money for others to make a profit.Learn to profit from the market when people sell in panic.
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I've just thought about this for a moment but, if we want bitcoin to get more popularity, attention or acceptance would it be nice to make some advertisement about it on T.V.? I don't know if in other countries they advertise bitcoin but in my country, I haven't seen one. How do you think advertising bitcoin will affect the people? Any thoughts?
TV adverts are becoming obsolete with the advent of influencer marketing,traditional TV often time are within government control and regulations and may not be at liberty to promote bitcoin openly.It will be nice though if bitcoin can actually gain much more adoption in a short time.Bitcoin related projects can run adverts. |
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There is a wisdom which says that false hopelessness is much worse than false hope. You may think that it is just a catchy phrase but it is definitely not. When the prices fall as hard as they did since December, it is difficult to stay positive when you had bought right at the peak. But you really should. The difference between staying positive and negative is colossal and life changing. When you are feeling negative and depressed, you won't do anything. You will just curl up in a fetus position and cry all day long over the money you have so carelessly invested in Bitcoin. However, if you stay positive and look forward to a better future, you will be actively searching for ways out of the predicament you got into.
As a matter of fact, there were quite a lot of opportunities along the road to balance out the losses since December, and if you focused your attention on these opportunities instead of pointlessly crying over spilt milk, you would now reap profits, literally. This is what seasoned traders do all the time and you can do as well.
Thanks for sharing, you made some very good point in here.There are certainly those who profit from the market crash,they thrive on panic of others.It is very important not be at the losing end.If can stay positive in market crashes,chances are high we will be able to recover from the dips and not sell off profitable long term investment as a result of despair. |
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That is very funny,considering the fact that J B Morgan said that about bitcoin a few months back and ended up investing in bitcoins.Bitcoin is an amazing technology with real life solution to real world problem.So in brief,BITCOIN IS NOT A BUBBLE.
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I dabbled int cryptocurrency out of sheer curiosity.My first earning was through day trading.I invested in again in a pump and dump episode and ended up losing it.it was something small but the experience was worth it.
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Eventually, bitcoin will play a dominant role in the global economy as a means or denomination for the exchange of goods and service.This is inevitable as more persons are losing trust in government.So those who are investing in bitcoin are kind of looking into the future economy.
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No, never buy any coin with ALL your money.It is always a good thing to diversify and spread your risk.That being said, I think Ethereum is good at the current price-less than 400 USD. All-time-high was more than 1300USD.That means you are getting it at less than 25 percent its best price.Compare with bitcoin which is about 40 percent its best price
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Airdrops do not seem to be profitable for now.We have a proliferation of airdrops and only a few actually send their tokens or are eventually listed on exchanges.Only a few I have actually got cash from this year.Just wished there some sort of control to prevent scam airdrops
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