Yes trading bitcoin is pretty easy because you just buy them when the price is low and sell them once you are contented with the price which is higher than how much you bought it in. However, bitcoins price right now is pretty low, the question is can you handle bitcoins price which right now is having a hard time recovering? There’s no doubt about the trading part but what is hard is if you can control your emotions when bitcoin keeps on going down.
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I think what was banned was when you advertise an ICO or any crypto related form of advertisements on facebook but if you share a topic or anything about the token itself is not prohibited.
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I think it depends if the value of bitcoin keeps on decreasing year by year but if does recover within this year then I think it is possible for bitcoin to reach that amount by year 2020; or maybe more than that. Just like what happened last year, everyone was predicting bitcoin to reach $13,500 but only to find out it was way more than that amount.
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I think its a mix of both big ideas and a big capital when starting a business but it would also depend on what kind of business you want to put up with. But more of like big ideas though because the capital will just soon follow once you already have an idea of what to put up.
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Nope, I don’t think bitcoin cash will ever take over bitcoin. This coin will be useless once bitcoin will be gone, so basically for me bitcoin cash is just like a shadow or puppet of bitcoin. It’s bitcoins fork for goodness sake, it won’t and can’t be more than bitcoin which has been here for years.
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In my own perspective, you could still get rich with cryptocurrencies for as long as you know the coins you are investing. Meaning, you have done some research about the coin you want to trade in and have an assurance that it will profit in a fair amount of time.
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When you say bottomed, there is no specific amount to where bitcoins price can drop to. Just like recently, I think bitcoin went down to as far as around $6k, and no one ever mentioned it was the bottomest price yet. But if you are asking if that is the most bottom price this year, my answer would still be no because the first quarter of the year had just ended and their is still the second and last quarter until you really can tell that was the lowest point.
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I still think Bitcoin can not replace the banks for the obvious reason that it was not intended and made for that purpose. And I think it is hard for other people to change their ways because of this new technology, I just can’t imagine someone especially in my country who follows culture from generation to generation and automatically just change it, it will be hard especially for the elderly.
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Some say it is a good move to make if you exchange your cryptocurrencies to USDT but I think it is just the same thing as when you sell your coins when the market is down. I’d rather hodled and wait for the market to go green again and recover than sell them or convert them at loss. But to each his own right? We all have our own ways and decisions to make.
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I also do the same thing as you did and google the new coins seen on the coinmarketcap.com website but most of the time I just follow new coins through this forum and search from then on, if I can’t find anything then that’s the time I google nowadays. But usually I just check new ICO’s or ICO’s that are about to end and go directly to their website.
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I think it was early of you OP to tell if these coins have stabilized because yesterday Bitcoin dropped down to $6k+ and now just reach $7k which is slowly trying to recover and so goes with the other alternate coins as well. Since we are at the 2nd quarter of the year, maybe we’ll see some changes of the prices and hopefully positive increase with Bitcoin and the rest of the altcoins as well.
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I also was planning to just sell all of my Bitcoin because of its drop again and I feel like Bitcoin can’t increase its price anymore. Not really in panic because of the price but I just don’t want to lose everything. But at the same time I am thinking of holding it until the end of the year and see what happens, I aslo don’t want to regret in the end that I sold my coin too early.
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Yes that’s true, the answer to their problems would be to patiently wait for the market to get up back again and sell them at the right timing. Most traders would advice you to wait and sell them after, don’t sell them while bitcoin is still trying to recover back its price.
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Use the best or at least the most widely used trading sites to make sure that your coins are safe and your money safe too. Then choose the best coins you think will make you gain profit and diversify them so you will have lesser losses. And don’t forget to choose the top 20 coins from the coinmarket.com too.
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It’s actually a great move that you invested in Tron because its a very good coin and lots of room for improvement and progress to get a higher valued amount. In fact I also let go one of the coins I just hodled for a year because I feel like its not going anywhere anymoreand sold them at loss; now I’m hoping it will reach twice its amount.
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Actually 2020 is very near and I think some coins will still be here but I doubt they will go away, in fact I think by year 2020 more coins will even be added more. I think the cryptocurrencies are growing more and more each year so I doubt the fittest will be put to a test by then.
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There had been a lot of predictions about bitcoin in the near future but I think by the end of the year it will recover or maybe before the year ends. We will just wait what happens though because I think the cryptocurrencies especially bitcoin is still unpredictable.
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I’ve also heard even beggars in china use digital money, I mean they have a QR code laminated and if tourist or people wants to give them money they just use that to scan the code. In my country digital money or currency is still taboo to some so its not that useful yet but hopefully in time.
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Did you invest everything in just one coin? Because that sucks if you did that, anyways there is one thing you can do to minimise your losses and that would be to slowly buy a couple of Ethereum while the price is still low as of the moment until your losses will be lessen because you have diversified your holdings.
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That would be some risks that’ll haunt you forever, and haven’t you heard of the saying that goes something like not to spend something more than you can afford to lose? That’s something you really need to think about if you want to be homeless and all.
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