One of the best. With the numerous built in the ethereum platform, it has a wide range of applications. With the upgrades planned it would get even better. And bigger.
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Bitcoin serves as a hedge fund, to protect your capital. It is moderately stable, with steady growths. Investing in ICOs is taking a risk on a speculative currency. Altcoins has the potential of high returns, in a short time. BTC is unlikely to do 200% in a week. Altcoins equally poses the possibility of huge losses. The final decision is up to you.
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I wouldn't say we have entered a proper bull market. We are just seeing selective rises in some coins. I think when bitcoin goes above $10000 and most alts follow the trend, we would have been ushered into a proper bull run.
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The price is determined by various factors, not just the level of supply in the market. Shrinking the available assets for sale can have a positive impact in the price.
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In terms of value, Yes. We're seeing green again, and the price is heading up. We can only hope it lasts to support a bull run. In terms of community growth, crypto is experiencing mass adopting as more people join this unique technology. So, yes. Crypto is going strong.
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My personal opinion matters little. There are many testimonies of profits gotten from long term hold. Ethereum was conceived in 2014 at under 50 cents, and sold at a peak of $1440 last year. Long term hold is a valid way of making profit.
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I've always had a reserved opinion to the believe that All currencies follow BTC. I think bitcoin being the number one coin, reflects the changes in the market (first), it doesn't particularly direct the market trend. And all other currencies appear to follow it.
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There are a few solid projects, which are doing quite well. Investing in ICOs is always a gamble, and your odds are lower in this bearish period. Best to store up your assets and wait for the pump.
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I have always favored Ethereum to any other currency. It is my choice coin to hold at any point in time.
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At this time I would invest it in Countinghouse fund (if I have to put it all in one project) It serves as a hedge fund and it is one of the best coins at the moment.
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- Buy when everyone is selling - Hodl - Sell when everyone is buying. Wait for the next dip and repeat. Except you have high expectations from the coins you're hodling.
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When sizing a an ICO, best look beyond the white paper, roadmap and targets. You should be looking out for a credible and experienced team. A working product, targeting a peculiar issue. And the process by which they going about it...so far.
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When buying a coin, I recommend you check the history. Achievements, if they are where they specified on the roadmap at that time. How many targets had been met. This should give you an idea of the depth of the coin (long term investment). Alternatively, you can follow the market trend, pumps and drops. If you're going for quick profit.
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I share that opinion. I believe that in any venture or new sphere you need to first arm yourself with information and garner knowledge.
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There is currently no fact in support of that. But with their already massive community, if handled properly they could shake the crypto world.
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- Invest what you can afford to lose - Preserve your capital - Don't get greedy or sentimental. - Always be up-to-date. Information is vital. Before even venturing into trading you should have studied and groomed your skills. There are books and videos that can help, if possible, get a mentor.
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I know of altcoins that are doing well, even in this bearish period. It's all about choosing the right investment.
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I strongly believe we're on the cusp of a bull run. I would encourage people to hold tight, or acquire more to be in a better position.
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Have a target profit. Only compromise on peculiar situations. Sell your assets when you have gotten your desired interest.
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I prefer virtual currencies for making profit. And also for the ease of transacting. Which is less cost effective. Digital money is the present mode if exchange. You still mist convert to fiat to make purchases
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