Investing in multiple altcoins is a good idea but if you choose only altcoins who have potential to grow, because if choose new altcoins or altcoins with low trade volume then is hard to make any profit. I think the best bet is to choose top altcoins like Ethereum, Litecoin and others and also put more on altcoins that have a higher price than others.
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I don't think is ok for people who buy at ATH to sell their altcoins now because maybe if they sell they will have a high loss, they can still and wait for a new bull run and we will see what will happen this year after halving.
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First maybe you should tell us what coin you stake, i suppose you have some coins which now have the value at only 1 satoshi for 1 coin, well if this is the case depends how many coins you have you should hold them more if you think there is any chance to grow in future.
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I think now will not even be more created any ICO and mainly the devs of new projects will focus on IEOs or maybe will just not do an funds gather, or will wait for a new way to gather funds for their project.
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Holding some tokens now is not the best idea because most of them not value so much and also not have trade volume and even some can't be selled and maybe even on bull run will not grow.
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I think some can be avoid by doing some research and if see incomplete info or fake team then who see it should open a scam accusation here on forum so much many people to know about and avoid it, but some are hard to be find as fraudulent on first phase and investors might lose a lot of money.
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It depends by project, some coins can give profit if stake them or lock them if there are enough investors who buy that coin or if that project have some connection with some huge websites and they accept their coin as a payment.
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You are right, even if see a good and very promising project this will not guarantee nothing, if i will put anything that will be only on bitcoin and not on any other crypto, but still is a high risk and no one know when a profit will come.
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Because a lot of scams occured in crypto most people lose trust on crypto and don't know what to choose and because they are new and are afraid to not get scammed, hope there can be a way to stop this and all people to research before invest.
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I think we are still far away from decentralization, maybe will take more 5 years to happen and even then i don't know if will happen and most people will even then use centralized exchanges because is more easy to use them then to learn about decentralized exchanges.
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I think is a good idea to buy coins when the price drop and hold for a pump or until bull run and sell on profit, but when you have a chance buy some and hold for profit or how long you can. Right now the price is 42usd ~ is still a good option to buy if you not see more drop this month.
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The next thing in crypto in my opinion will be a wallet which will support to pay via NFC technology like we pay with card today to pay directly with phone from crypto wallet. Will not be more easy and more secure?
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I think the best bet is to note down the 24 words from hardware wallet on a pc or device that never connect on internet and make an archive with a password protected and put it on a cloud service or on email and if have and extra word added to passphrase to keep it in mind so can recover it and also even if someone get pass for archive they can't recover wallet without extra word.
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The market drop starting 2018 but i think it happen because also governments and a lot of others start to ban crypto when they see grow so much and also try to stop accept it and also some banks, maybe this year we will have again a new bull run and this time we will not see so much opposition against crypto.
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There can be different reasons depends from coins to coins some might not have real value, some are hunted by whales and they make the price drop a lot so they can get more and more coins, and some are just dumped by most people.
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I think yes this year will give a bull run and people will have a hope that crypto can give them some extra money if they buy crypto coins, i think this year will grow most altcoins which are not ponzi or scams.
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Yes is accessible but the main problem is that will take time that more merchants accept it and shops and restaurants, but maybe we will see this in 5 years but is possible to not see it on all countries.
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I had some health problem which affect me on 2019, but regarding crypto i think was a year that make me think better what to choose on 2020 and to not invest on any coins that appears, i think this year will be much better than 2019 even if now we start with some drop in price.
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I purchase this 2 for 4 and 5 January
6D Toto (05/01/2020) 000051-423541-250147-102008-041962 4D Toto (04/01/2020) 000046-1452-7896-4567-5522
Btc address : 3D2k1brjXZPe7mNCEe4Krg4sD7mBccwm2f
Happy new year!
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Market indeed bleeding but this happen for all crypto coins, and you are right people should invest only after research but i not agree to invest only on top 30 market coins because there might other good projects who are not on top 30.
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