Well, merits to me are something to give to a post with an information that helped me - sort of a limited Medium clap, Reddit upvote or Facebook like. Since it's limited, I don't usually give. Maybe during the first few weeks of implementation, it was easier to give on the expectation that merits would not be so hard to get.
Lately, I just ignore it completely.
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Be careful on investing in multiple altcoins. I agree diversification spreads the risk but when the whole crypto market goes down, diversified altcoin holdings doesn't do you any good - Only keep a portion of your portfolio in altcoins.
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Man, my eyes bled. Anyway, from what I gather from the OP is that less Bitcoin is being traded in the exchanges. Yes, you can consider this as bullish since many people are stocking up on BTC by putting them in cold storage. Bitcoin in exchanges are always meant to be bought or sold.
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The volatile nature of cryptocurrency is why it's never an ideal investment, lack of regulation place an important role in the upwards and downwards movement of bitcoin or other cryptocurrencies. Bitcoin can only attain mass adoption when regulation comes along and this will be when the price becomes stable.
What? Don't you know volatility is a trader's best friend. It is how they profit. If the price is just flat from weeks on end, no trader will make money. Regulation has nothing to do with mass adoption. In fact, most technologies get massively adopted first before regulation comes.
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Actually the ICOs on your list was already over-hyped back in 2017, most bought in, thinking the project development would be quick. Let me remind you that as of now, there is still no mainstream adoption of any coin. Everything is still speculative. The attention span of investors are very short sighted, and that caused every coin to tank very hard. Anyway, that's what markets do.
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The OP should move this topic to the scam accusation section. Since you're accusing Paybito of scamming, it is much better in that section. The lesson here anyway is to never sign up to an internet service without reading the terms and conditions.
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The next altcoin season will start when Bitcoin's price reaches near or above the all-time-high price. The history of Bitcoin dominance and its price chart shows that connection. So, I guessing any time before May 2020 halving.
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It has always been the survival of the fittest. Which has the most developers. Which has the most active commits in development. Which has a large and strong community of volunteers or market participants. Old projects that have a dead end development usually die early.
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What is the minimal fee for a transaction with Ethereum ?
It's actually zero. There was a time when zero fee transactions were confirmed because there were few TXs to confirm. Anyway, what you should be asking how much to pay to confirm in the next 30 minutes. You should check out https://ethgasstation.info/https://etherscan.io/gastracker
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Burger King in Germany gets the fiat equivalent of the BTC you pay through Bitpay. It would have been an accounting nightmare to include bitcoins in the journal as another form of currency since, you already know, the value fluctuates wildly.
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Ripple
Yeah, good luck with that. The founders' billions of coins have just been unlocked from escrow. And the funny thing is they promised not to sell too much this time. Really? No one will risk buying into that. Most will wait for a recovery first.
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One thing is for sure. Crypto will never die as confirmed from the amount of new ventures in the last three years. Now, if you're talking about the price, this is what they call "Crossing the Chasm." In a technology lifecycle, the early market which is still now, is composed of enthusiasts and visionaries. The tech is first ridiculed and then later on, accepted.
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I still think the best way is to get involved with Bitcoin developers in Github or join their Slack group. You could also join their mailing list. All is open sourced anyway. Those university courses will just suck money out of you. No one is really an authority on blockchains yet.
Now, if you have zero programming knowledge - that's a different story.
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There are so many cryptocurrencies in the market.
If one day the creators and developers of any of these currencies die or bancrupt, what will happen to the currencies? What will happen to the coins we have? Are the coins we have still worth anything?
When this happens, usually the price crashes to near zero. The network will live on but no more developer to update the coin. Unless there is a community takeover. But these takeovers don't last. Eventually the coin will be abandoned.
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Hey! I want to buy some crypto with fiat and I want to know if it's a good idea. For example, to exchange crypto to crypto is just 0.25% fees on changelly. On the contrary, it's 7% to exchange it from fiat. It's a huge difference! What do you think about it?
This is weird. Most people buy crypto with fiat. More specifically, most people buy BTC or ETH through Coinbase, Kraken, or their local crypto exchange with the money deposited from a bank account or the use of credit card. The huge difference is because of the merchant fees in accepting fiat, they say.
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I've been using dex exchanges like ddex, switcheo. They asked to connect wallet through metamask or trust wallet, I'm an android user so I'm using trust wallet to use these exchanges, i wanted to ask when we connect our wallet to a specific exchange is there any possibility to stole funds anyhow?
Yeah. First by phishing and then second by social engineering you to install their malware. Once active, your PC/phone is compromised. They can get any information from your device. In your case it would be a fake wallet install or a fake dex exchange that looks like ddex or switcheo.
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It is a free market after all. No one can dictate what market participants will do. These scam projects started innocently. Only through uncovering hidden details does a scam gets exposed.
It is our nature to trust whatever seems like authority - the website, the whitepaper or the team behind the project. That's why we should practice critical thinking and avoid projects with red flags regardless what the whitepaper says.
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People are people with emotions. People are happy when price is rising and sad if the price is crashing. When the price is crashing, they get disappointed and will begin to question beliefs they held without a doubt when the price was rising.
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I imagine living on crypto is hard. In my country, you cannot live without fiat. In fact, here you need paper fiat. You need to pay food vendors coins and paper currency because they don't have Point-of-Sale machines to accept credit/debit cards or even use their smartphones to accept payment.
The whole world still have a long time to catch up.
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