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NEO has a bit of a head start with a fantastic cold staking system they're already using. Cardano, on the other hand, is slow and methodical. Thier ouroboros POS protocol has been verified by peer review making it a very transparent project, unlike NEO.
Both deserve your time to research.
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My strategy is to hedge between multiple promising projects and HOLD. The market eats so many day traders. It's too dangerous for the average investor.
Hold until I double my money, pull out the original investment, then play with the rest.
Hold for 1 year, then rebalance. In the US, taxes are much lower if you wait a year and claim long-term capital gains tax.
This strategy minimizes taxes, maximizes Hodling, spreads risk among multiple currencies, and removes stress and risk from the game (when you pull original investment out).
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Well, now we are seeing ethereum as another reference as well, but as long as all transactions continue to be made with fees paid in btc or eth this parity will continue, I don't understand very well how this union works because if one goes up the other low and vice versa but also act in an inverse or neutral way one from the other, I think this parity will end when bitcoin is not the reference point when we think about cryptos.
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First Beware of get-rich-quick gurus here hopping on the crypto bandwagon over the past year, decide which types of trade setups or investments you’ll take and ignore everything else. Don’t assume just because you’ve made a lot of money in crypto that you can just as easily make money in other financial markets. 95%+ of stock market traders LOSE money. The game is rigged. Stick to what you know works for you. and the last and the best advice is "The best way to day trade cryptocurrencies is – DON’T!" haha good luck
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As you mentioned with the airdrops you can make a pretty modest profit, now if you want to make cryptos your main profit gains, trading would be recommended, but for some reason most people do not do it and it is because it is extremely complicated and stressful, that's why I stay making bounties that give better rewards than airdrops and are much more relaxed.
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I would encourage them to understand blockchain first and encryption currency but it is not a good investment opportunity as of now because the bear market is here. It would be better if they go for it when it’s green otherwise they’ll lose hope. But yes I would suggest they learn more about crypto rather than trading techniques
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First, don't buy BTC because the biggest gains will come from altcoins. If you're looking for a safe option, then go with ETH. But to become a millionaire you need to find a lower market cap coin, probably less than 50M. Then, get a 50-100x. There are a few good options out there, I'll just name a few I'm invested in. XSN, REN, COSS, INT. Check those out, I believe all of them have potential. Some more than others.
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Private, fungible, hardcore, real cryptocurrency with strong dev team behind. No marketing, no buzzwords, no con artists in the community(hope so), and going after huge market - offshore banking. Offshore account store more wealth than gold, so potentially it has bigger utility than Bitcoin.
Another reason is that it sticks to what it was meant for and it does not attract wishful thinking. Monero is p2p private electronic cash. That is huge, always a good investment
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I think so usually when bitcoin goes well for altcoins too, with ETH it is a little more obvious since most altcoins and ICOs use eth tokens for dapps, so they are doubly linked, and bitcoin is also explained because it practically represents the public's trust in cryptos, if the market goes well, there are enough investors and the money is flowing bitcoin is going to grow so are altcoins
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For three years after 2013, bitcoin returned zero. You should be prepared for less exciting times. The days of bitcoin outperformed Alts is over. Technology and business development will make buying Alts as easy as bitcoin. This isn’t the case yet. Just don’t pick random Alts and make sure they have a community of users and investors. Should be careful with eth tokens thro
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EOS is going to change the world. It’s not ETH. It’s neither better nor worse. It’s a different way to tackle a difficult set of problems, but it will change the world for the better. And There's no reason they both can't coexist, google chrome is miles ahead of internet explorer, but people still use both.
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now there is a very popular service called AirTm, totally reliable, but the commissions are a little high but they find local people for you who are interested in doing the conversion for the currency you use, is pretty fast and reliable for now, you can also use localbitcoin or localether for those cryptos, it is also quite reliable and the rates are good.
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Don't expect too much from airdrops that are practically free tokens, you can see airdrops types that ask you to share some twitter or do some kind of advertising, those are usually more promising projects, and if you don't want to do airdrops anymore, then do bounties, the reward is much higher and the ICO has a higher chance of succeeding and therefore giving you the promised tokens.
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I would approach this wisely of I had 10k.
I would look into bitcoin for the sake of dominance in my portfolio, so buy 3k worth. And get about 30%of one. Not bad id say.
Then put some into one of those protocol coins like ETH, or NEO, QTUM, etc. Those coins have ICOs on them. And that's a huge deal. I think I hear rumor of LTC having this ability in the future. So say we do ETH to be safe. Another 2k in there.
Lastly you need something with higher risk. Cause right now your stacks are in a safe coin. Something that has a high chance of still going up for the next 12 months safely. So let's move to a mid-cap coin.
Not only should it be a mid-cap coin but maybe look into a staking coin? Something that can at least attempt to make you some cash back on a monthly or frequent basis.
so research a lot and look for yourself
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lately there has been a lot of good news about cryptos, so the price is going up now, that's very good, that people with money and knowledge in economics give this kind of encouraging news, that will help new investors to decide whether to invest or not, I also believe that the future of bitcoin is now, and all the other cryptocurrencies will also be involved in this, so take advantage because 7400 is still low for the next rise that will come.
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For the time being I can say that it would be very difficult for it to be accepted normally in stores, for the same reason that steam took them out as a form of payment too, the volatility and high fees, when the relevant regulations exist, and the cryptos are more mainstream and stable, there we can speak of a total acceptance as a form of payment.
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I am very excited and Bullish on Pundi MAIN REASON: Pundi X’s growth = all other coins growth. Pundi x’s pos platform already allows for payment in several cryptocurrencies. FUN FACT: using their POS instrument you can purchase bitcoin & hopefully soon other crypto using fiat. Mass adoption here we come.
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Many people recommend you the ones that give you the most tokens, but that's not always useful, they may give you a lot of tokens but the rules are very simple and everyone can participate, that would cut your share of the participation, I would recommend you to see the bounty managers and interact with them, a good bounty manager can be the difference between a successful ICO or not. The higher the prestige, the more likely it is to succeed.
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Maybe... I've bought some higher than 6k, most of it significantly lower than 6k. Either way, I think that's pennies compared to the possible upside.
I try to think of it as buying lottery tickets (I expect nothing in return, but realize there is a chance it could pay off big). If I look at the possible hurdles, the largest is BTC is going up against all the governments in the world. That's a hard fight to win... but if BTC does win........
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The thing is, if Ethereum can be used as a currency everywhere, you can have all your liquidity/cash/money in ETH. You don't need to have FIAT then, because FIAT is missing out on ETH gains.
So if you then buy something with ETH, it does not matter, since all your liquidity is ETH. If I can buy anything I want with ETH without converting first to FIAT, I'd like to live 100% with ETH and have almost no FIAT.
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