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I think facebook has relieved the restrictions in cryptocurrency. And most of the other reputed bans from social platforms were just rumours.
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Now is a great price to buy. With the current value and predicted pump in the coming months, you could join the party just before it starts.
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I was initially drawn to cryptocurrency by the hype i5 got late 2017, and the promise of much wealth with little investments.
After learning the pros and cons of blockchain technology (to the extent I have).
And its endless possibilities and application in pretty much every sphere of business and how this tech olofy can revolutionize transaction process as we know it
And of course the potential for earning big (the main goal) mad possible by the volatile nature of cryptocurrency.
I have been motivated to expand my knowledge and improve my skills, to better position myself for the future blockchain technology heralds.
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There are several predictions of a possible bull run in the coming months.
There have been sparks in the market over the past weeks to support that.
We are expecting the month of November to usher in the big pump.
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Cryptocurrency would one day be the means of exchange.
Not only bitcoins, altcoins with different applications would be useful in various industries, as more and more establishments adopt the blockchain technology.
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Converting to fiat is the only way of getting profit.
Due to the volatile nature of cryptos, nothing is fixed.
When to pull out depends on what am holding and the market situation.
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Do the basic ICO publicity, effectively.
Have active social media accounts and handles with regular customer support service.
A bounty program can help announce your project to the public.
Seminars are important as it brings you closer to your potential investors.
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Trust wallet is a safe and secured wallet. It 8s my personal favorite for storing assets.it has unique features, such as in app browser. And it support various platforms and test networks.
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With the amount of scam projects, using the cryptocurrency platform, these social networks are distancing themselves as far as possible.
Although most of the rumors are unconfirmed, it's effect on the value is obvious.
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It can be adopted globally as a means of transferring assets, but to become the global currency, it would have to undergo regulations. Hence, coming out of the shadows and under the umbrella of financial regulatory bodies.
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A lot of factors affects the price decrease, it is currently leveling out in preparation for a stable organic growth
I'm not afraid cause the low price gives people more opportunity to buy in and join the up trend.
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In my opinion turning your crypto coins into cash us the only way of making locking your profits, dye the fluctuations in the market, the value of your assets are changing regularly. Now this gives prospects if more profits, but also possibility of losses.
It also depends on your strategy and personal needs at that time.
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I usually have a stop-loss limit where I pull out and take the loss. This point varies, depending on the prospects of what am holding, the market situation and sometimes purely personal situations.
Most advice against cashing out, and I also endorse that as patience is a key quality necessary in crypto.
The final decision is solely yours.
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Owing to the decentralized nature of cryptocurrency it is prone to scams. This affects investors, bounty hunters and managers alike.
Always research before joining a bounty, airdrop or ICO.
Read through the safety precautions already stated on this thread and others.
And if you have been a victim, learn from your mistakes.
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Long term or short-term?
$500 is not so much, and for a long term investment in one of the top currencies, btc, eth. It wouldn't give a high return.
You could also gamble with an altcoin.
You can also enter day trading and rise steadily, if course there's the option of losing your investment regardless if the path you take. There's always risk on this turf.
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We are currently getting more and more scam and failed projects. And as an investor that's discouraging. Be extra vigilant when selecting an ICO. You can check out http://icoethics.com/ for updates on projects. |
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Definitely NOT all altcoins are scams.
Over the past months we have had very successful altcoins which gave good profit to investors and are still waxing strong on exchanges.
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Crypto currency is believed by many to be the currency it the future with unique features and an ever expanding community. It us difficult to predict how long it would last or if it would ever die.
One thing is sure, it is going to be here for a while.
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