Proof or work is what will help to sustain the system and prevent serious dump in price. Formerly, i assumption used to be that, since the cost of production of a coin is high, definitely there won't be much dump and peradventure it happens, the market will quickly recover. Miners will always be at the receiving end, by the time there is adverse or serious dump in price. Proof of stake can easily lead to dump.
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There are some coins you will continue to learn about because new things are being unfolded almost every time. Ethereum is a coin that has gained popularity, yet most only know little about it. If one truly knows a coin, then it will be easy to make some profit through such coin. Most people are only concerned about the profit they will get, which eventually might make them to loose, because they are not ready to learn.
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Bounty hunters are not the main masterminds behind the dump of coins. If you critically look into what they are being given, you would notice that it is not enough to cause any form of dump. This is the mentality that lots of investors have and that is why some of them also dump their tokens and will later continue to blame bounty hunters ho are innocent about the dump.
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No one is saying you should not invest in real estate, because it is also a good form of investment, but if you truly belong here and you have i enthusiasm for cryptocurrency, you might then consider investing in it. Despite the bear market, there are good number of coins you can invest in and hold until you are in profit, because certainly some of this coins will yield well.
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I was trying to check through the list of some scam ICOs todayand i was alarmed. Although i have never fallen victim of one, but my concern is about those who have. I thought within myself that will these set of peoples still be able to come back to buy another ICO, even if it is real and genuine. Then talking about risk free ICOs, how do you intend convincing investors that it is truly risk free as you claimed.
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In the cryptosphere, diversification is of utmost importance. In order to have a sate investment, i do not look at just one coin. My focus is always on 4 or more, depending on the good ones that are available at that moment. You cannot expect all coins to give you good yield at the same time, which is one of the reasons for diversification. If there is loss on one, you will be able to recover it on another.
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Sometimes, if a coin should have very high capitalization, it might not be a guarantee that you will have your desired profit. I think the best is if you are able to identify a coin with good potential, it is the best. Such coin might not have high capitalization at that moment. Just invest in it and wait for the time there will be a news or some news that will bring in more investors and by virtue of that, increase the price.
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Right now, ethereum is still maintaining that position, except that the price has plummeted. When i checked the coinmarketcap some minute ago, i discovered that eth is gradually being revived, but i do not know if it is just FOMO. I am just thinking and looking at what would become of ethereum before the year ends. No coin has yet been able to build the DAPP that can compete favourably with ethereum when it comes to smart contract which helps in the listing of ICOs.
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Rightly, i do not think i am encouraged to look at what i have got in my portfolio, because in invested in so many coins at the time i thought the market would continue to be bullish. I have then decided to build a new portfolio that i am now filling with some coins that i believe will succeed and rise in some months to this time, mainly 2019. I am taking this new start just because i was a novice when i invested and now that i know some things, my choice seems to be better.
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There are still some countries that have developed interest in cryptocurrency. Some have even announced their consent, such as the government of Russia and the likes. Just recently, i got to know that South Africa government has also officially announced her consent. What we really need and that will make the governments of other countries to give their approval is if it has been regulated. Regulating it will even make the space safer. This will also be an encouragement to investors.
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OP, have you ever asked yourself or bothered to know why cryptocurrency and blockchain technology was invented. It was not invented just for the rich alone, but that the poor should also benefit from it. So whatever was the poor intends or feels he can participate, then should, if that is what will give him financial freedom. Let them just do whatever they can now, inasmuch as it is legit, just for them to get to their desired level.
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Considering the rate at which eth is falling, it is difficult to say if it will recover any time from now or that if it will at all recover. This might be the assumption of so many people, but one of the things that is likely to bring back the price ofmeth to its former ATH, is that most ICOs will still continue to use the platform of eth, because there is yet no replacement for iut.
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Not just the middle class, but even the poor can be made rich through cryptocurrency. Inasmuch as the person is well skilled and knows what he or she is doing. Cryptocurrency has got a great future ahead, i know this and that is why i am not scared. Very soon cryptocurrency will begin to take new form and the scam rate will definitely reduce and encourage more investors.
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I believe some people are very happy with he present situation of the market. They do not mind throwing their money in now, by investing, despite the situation of things. As a matter of fact, even if some of them invested in ICO, they would still sell at just any price, look forward to more people who would dump their at prices lower than theirs and then buy back.
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Being contented is one of the difficult thing in life. Thanks for the reminder OP, I believe we will be happier if we learn to be contented and thankful.
Do you just know why it is difficult? It is as a result of greed. The desire to have more and take more than we deserve at every moment. It is just in the nature of man and to overcome this, it might take an extra effort. Such act has also made some people to lose their money, by investing what they cannot afford to lose and they never cared to listen to the truth before investing.
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There have been so many oppositions against eth fir quite some time now. Most developers of the coins looking out for the downfall of eth, want theirs as replacement for it. I find it funny to see which of them will now take the lead. No matter how they try, eth will still remain relevant, because it has some features that are yet to be integrated into others. So they have a long way to go.
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Sometimes i just wonder why some good and genuine ICOs are nit meeting up with their soft, even though they meant well for the community. The reason sometimes is not far fetched from the fact that the scam ICOs that investors have been exposed to, have really made them to be afraid of investing, because they do not know what the outcome would be.
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If any or every country decides that today, then that would be a plus to such country, because it would aid so many developmental processes. Then such cryptocurrency might just serve the purpose that any crypto would serve. If such should happen, the populace in such country would be aided financially, because that would be an opportunity for them to benefit from the crypto space.
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Some people would have made it big in the crypto space, if not for their greed. This sometimes is applicable to those who are having coins to sell. Imagine someone who got profit of 98% already and is now waiting to get more and unfortunately for such, without knowing, it dumped so low, that to get half of the initial fund was even difficult. Therefore, when we are conscious of succeeding, then greed must be left aside.
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Even if people are agitating for it to stop, who would stop it. This is a decentralized system where there is no form of regulation binding on them or anyone with such intention. Creating forks of coins such as the one that happened recently, has adverse effect on the market. Perhaps, by the time regulations that would reduce or totally eliminate some of this acts, then things will get better.
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