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Yes it is rightly said here that crypto market could take more than 2 years atleast to recover. 2017 was a hype year and that lead to the bull run. Now people are really getting to know about crypto and they are taking their time in doing so. However as the mass adoption happens we will again see prices at a new high.
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Currently the Banks associated to crypto exchanges will follow RBIs guidelines and will cease their support to them. This means that the withdrawals and deposits will not be present. Soon there is a hearing in court regarding this matter in mid of July. The scenario will become clear after that only. Till now, cryptocurrency is not banned but you won't be getting banks services for withdrawals and deposits.
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I am personally not bothered by kYC process as its a legitimate way to prove your identity in a bounty or airdrop. Nowadays people are using multiple accounts to gain from these. This is a step that benefits all.
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This is just the start of mass adoption. That is going to happen in next few years. We will see a revolution in payment industry. Crypto will change everything. More and more use case are being developed everyday.
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Currently the Banks associated to crypto exchanges will follow RBIs guidelines and will cease their support to them. This means that the withdrawals and deposits will not be present. Soon there is a hearing in court regarding this matter in mid of July. The scenario will become clear after that only. Till now, cryptocurrency is not banned but you won't be getting banks services for withdrawals and deposits.
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I advise one not to trust ico bench as they get paid for promoting icos and they can be biased and often they provide incomplete information. There are other websites out there which are providing ICO advice and not taking any money.
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Yes it is rightly said here that crypto market could take more than 2 years atleast to recover. 2017 was a hype year and that lead to the bull run. Now people are really getting to know about crypto and they are taking their time in doing so. However as the mass adoption happens we will again see prices at a new high.
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In my opinion, both coins are very promising coins. Both Litecoin and Ethereum are very good choices for any one who wants to invest in altcoins for long-term. These are two of the best bets for long term.
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Burning of unsold tokens surely helps in increasing the demand as well as the price of the given coin/token. The above things applies to new projects too but the team of the project should be honest and no body shows honesty in cryptocurrency world's. In my opinion, unsold tokens can be burned or they could be distributed among the investors.
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Large scale adoption will only come if the crypto prices are stable over a longer period of time. They can be treated as a method of payment and a safe storage of value. But before that the prices of the coin must remain stable, large fluctuation will not let crypto be a Safe storage of value.
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Yes. it is a good option. Holding coin in multiple wallet is the best decision I think because of this coins remains secure in your wallets. If you lost access to one of your wallets you will still have access to other wallets.
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Both of them are good and no one is better than other. Both are in early stages. If you're planning to invest then invest into both so that you have variety of quality coin in your wallet.
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Governments and banks are afraid because they have no control over bitcoin. Bitcoin brings fair opportunities for common individuals. Anyone can join and invest for as long as he is interested and he has the capital. Also the transaction is open to all it is hassle free safe and convenient compared to bank where every transactions is in constant scrutiny. This is the reason they are afraid of bitcoin.
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Yes, crypto is risky and it is highly rewarding for risk takers and it is not for the weak handed. If you want to make huge profits with crypto then you have to take those risks.
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Yes markets are very risky as the market are Volatile where the price of every altcoins can fall and the price rises only in the short term. So if you experience it the best thing you can do is keep it up and wait for the market to return to a better condition.
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Market confidence is shaky right now and its not about just bitcoin, its for altcoins too. As far as i know since the beginning of cryptocurrency, market is unpredictable. So we will see some increased confidence once market becomes bullish.
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