There are so many mistakes to be consider with regards to your status as far as cryptocurrencies are concern. In my opinion, one of the common mistake is not grabbing the opportunity to buy bitcoin and other cryptos while their market price is just very low.
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If i am just a new investor in bitcoin having a price of 100,000$, i think i will only buy a small slice of it because i could not really afford to buy a whole of it. I am going to hold it, let it grow up higher and if the price is already right for me, then i will sell it right then.
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If that is the case, then the prediction of crypto experts are wrong that bitcoin will have its highest market cap and price in the next 10 years. But anyway, nobody really knows exactly what lies ahead in the next 10 years but if we base the situation today going through the next 10 years, all i can say is that bitcoin will still reign in the cryptoworld.
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Even if bitcoin may reach 20,000$ or not, that's still okay for me because i am really planning to hold my bitcoin and other cryptos i have for a long period of time until it's really okay with me to sell it already. But to just give my speculation about it, bitcoin do really have a chance of reaching that because there are still few months left before the coming of new year. As we can see, it was just in the last quarter of last year when bitcoin rises drastically.
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Too early to tell and i know that's too high to achieve too and though crypto experts believe that the year of bitcoin's breakthrough will be in the 2020s, i really think that reaching for 10$M in 2023 is really hard to reach. I don't expect that much too and i just go on with the ride wherever bitcoin will bring me.
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Winners in bitcoin are those who know how to hold when bitcoin's market price is down and those who know when to sell. It's still following the very basic of investments when the proper time to buy and sell your crypto assets and those who are not following the basics of investment would end up in the Losers column.
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That's basically what happens to a very volatile asset having its market price to rise and fall indefinitely. Through the months that i've been into crypto field, I really learn enough how cryptos will behave just like what i can see in the graph. All you have to do is just hold for your portfolio and wait the exact time the cryptomarket is on a stable and uptrend condition.
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There are so many crypto markets that are open for trading ERC-20 and other standard of digital assets. All you have to do is transfer your ERC-20 tokens from your wallet (e.g. MEW) to that cryptomarket and start trading it there. ERC-20 standard tokens are very famoous nowadays because it's the standard of tokens used by most tokens today.
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sadly it is over friends!!!but of course too hard to believe!
Yes, the hard thing to believe is that bitcoin and crypto is still alive right now. I know when to stay and when to get out but it's just so early to say that because bitcoin and the rest of the crypto are still growing up and will even rise for more in the next coming years.
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With the emergence of companies using the full application/capabilities of blockchain technology, more and more ICOs are also coming out with different vision of their tokenized projet. Some of them are just also a scam fooling investors around while some of them will not also last long after it's been listed in the market.
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With the current cryptomarket status, it's really hard to hold on for those people who are just new and less experience in the crypto field. For others who have more experience, buying more in times like these are the best opportunities they can have in this field.
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Opponents of the legalization of crypto-currencies often argue that the holder of an electronic purse with crypto-currency can not be identified. That with the help of bitcoins money received illegally can be transferred.
With each country having their own perception towards cryptos, we can't really blame others who prohibited their constituents of using cryptocurrencies. They believe that crypto as a threat to their country's economic growth and security as we know that cryptocurrency can be a perfect tool for cyber/criminals to sneak in money without having their identities concealed.
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If bitcoin has a full support form governments across the world, then probably we'll have a better bitcoin market cap and price that would also be on a stable basis, IMO. Government banning cryptos can give bad impression to their people too so its progress can also be affected through it.
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Per experience, i've lost about 25% of bitcoin's market value at 10,000$. I used that 25% to invest in other crypto which i believe will give me a huge profit from my expected time frame but i was so wrong. What happened is completely the opposite one and its market price keeps on falling even until today.
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With the current bitcoin's market price and cap, showing some signs of progress as it reaches more than 6,500$, plus a few more months to go, there is still enough time for bitcoin to burst before this year ends. In my speculation, bitcoin will breach the 10,000$ mark by december.
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Base on the cryptomarket's condition today, i guess bitcoin still have a chance of making its market cap and price to go on a burst. That's what i also see from its graph way back 3-5 years before that it has a good status going through december. From its base price at 6,000$ today, i think it will reach more than 10,000$ by end of the year.
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Isn't it too big for bitcoin to reach that market price before the end of the year? Considering that we have few months left and the price is at 6,000$, i don't think that bitcoin can reach that market price. Maybe in 2020s, bitcoin can reach that market price somehow.
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I continue to hold bitcoin for myself. I hope there will be no decline and until the end of 2018 btc prices will increase to $ 10k
Bitcoin reaching 10,000$ is already a big difference for bitcoin to reach before this year will end. It's really hard to see bitcoin fall as deep as this but since im still holding on my faith, so that's the reason why im still holding on my crypto assets too even if the cryptomarket's condition is so bad.
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Even if the market cap of crypto market looks so scary, i am not thinking that bitcoin will not rise this year because i am much confident that something good is going to happen with the remaining months of the year. And since i am holding my bitcoin for long term, then it don't matter to me at all even if bitcoin will not rise this year.
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NEO is a promising crypto that is good for long term. Currently ranked at #14 at 18.24$ per NEO, it's really a good investment for a long term. You can buy a good quantity of it too as its market price went down since the last time it touches almost 200$ last january.
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