Common, it would be rather abnormal if the price only grew. And then the bubble principle would definitely work and we would not be discussing the crypto market here. The fall is normal, and you need to take it as a healthy phenomenon.
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Basically yes. Cryptocurrency on its principle of existence is really like a bubble. However, even if so, the market is now definitely not in a position to" burst " and come to a complete collapse.
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As for me I mostly believe only two internet sources: Bitcointalk and Twitter. I try not to trust someone's reports and usually make my best to analyse the ICO's by myself.
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As for me, there is no need to wait some extraordinary jumps with the prices. Such an abnormal last year rise in price of btc should be considered only as a one-time thing. So, now there SHOULD be a recovery period in order to normalize the market.
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Because it is easy to rule the price of your coin/token on your own exchange. Bitfinex has usdt, binance bnb and some exchanges have their coins too.
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I think now the market has become more stable and I think soon the price will start to grow steadily.
Do not agree with your statement that soon the price will grow. Yes, the market is more stable but we shouldn't think about anormous profits which we had in 2017
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You should use exchange only for trading. If you don't make a trade for a while then withdraw your assets to cold storage. Exchanges are having troubles nowadays with withdrawal so if you'll need to withdraw your assets immediately yo may not have a chance to do it
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in my opinion, I kept my wallet private key with the paper copy, and make another soft copy in the USB device, install the antivirus and firewall in your computer is necessary, avoid to open the unknown e-mail and the web page, I have received many Phishing emails and web page since investing the crypto, so be carefully the scammer and hacker.
Keeping your private keys on printed paper is good. But have you encrypted your USB device? If someone stole it he will have full access to your assets
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I’m not sure that it is true in this statement. Of course some people can withdraw their money or just parts of their investments, but I cannot see any wild running from crypto market right now. Such processes can be met at other markets as well, so there is no need to exaggerate it about crypto.
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Really? is anyone here still think that you can get a huge profit just investing in some coin/token? in my opinion, you can be rich only if you help other people with a good product or service
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There is no frames on the sum that you should spend investing, so nobody can tell you the maximum and the minimum number. We don’t now how much you earn, and how much free money you have. Only you understand you psychological limit and your real critical financial limit. The only thing that I can scare you that crypto is quite tricky stuff, so you’d probably want to invest more and more.
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This is very great position in fact. I also think that invest just because of hype is very poor thing, especially it is bad for the market itself. Precisely because of this people in some crisis situations start to panic and all the market becomes too unstable. I’d be happy if cryptomerket rather has more competent investors.
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In my opinion, the more days ICO goes the worse it is. Just remember ICOs of really good projects. their ICOs raised money just in few hours. So when ICO needs to take more time? only if there are not so much investors.
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Now is very difficult to say what will happen with the market, situation is contradiction, you can safe yourself using stop-losses but there are a lot of situations when stop-losses are broken and after that market begin growing up.
The use of stop-losses is very necessary for every trader. If you are a professional trader or a starter the market can go to all sides, what means that the usage of stop losses is very important. yeap! we all should always remember that it is better to cut just one finger than to cut the whole arm. even if you think that you have the biggest balls in the world do not forget to set stop-losses!
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I am afraid that your definition of “surviving” is not really correct. The coins and tokens can’t just disappear, they can rather lose their value, that’s true. And you should also understand that even now the value of most coins is boosted not fairly.
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My top 3 centralized exchanges:
1) Binance 2) HitBTC 3) Hubby
My top 3 decentralized exchanges:
1) nothing 2) nothing 3) nothing
Actually, are there any decentralized exchanges without minor problems?
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There are so many topics with such question. Panic is the main enemy for investors and the main trigger for market's fall. Yes, it is true that the market is weakening, but it is important to understand why this is happening. If you invested in crypto and don't want to lose everything - just wait.
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I'm also one of those people who lost the money because of great fall of the bitcoin. In fact now I lost about 60% of my investment, which was a little scaring in the beginning, but it is more about first emotions, because then I became quite calm as I am a long term trader and I feel quite optimistic about future of the crypto as a whole.
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Well, I heard about blockchain at first actually. And I suppose it was about four years ago. So i got interesting and study all about blockchain at first and only after that I got acquainted with crypto market and bitcoin. So I did't hurry with buying any currency, but when I knew about it a little more I bought btc (in fact almost a year passed for this since I knew about it).
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In my opinion not only it is risky for beginners to invest in crypto. Moreover each investment is always risky. You just need to figure out your critical money amount which you are ready to lose. Because in another way you will make mistakes that will be based on you fear about losing your money.
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