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Cryptocurrency has been around for a while now. But some people haven't still heard about it.With a lot of country putting ban on crypto currency, it will slow the rate at which cryptocurrency grow. Cryptocurrency is very similar to the normal currency we all know about, excerpt for it is a digital currency. The world is going digital so you can be sure cryptocurrency has come to stay. All that is required is yo spread it awareness to people unaware of it existence and are ready to invest in it. When we have people investing in cryptocurrency every day, it helps keep the system sustainable.
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Bitcoin and etherum were created at different times by two different people, for different reasons. Comparing both coins to me is quite not necessary because for a long while now bitcoin has been the most valuable coin ever. Until etherum overtakes bitcoin to claim the number one spot, then this argument can be valid. Besides, the Etherum is best known to be used for ICO while bitcoin is mostly used to store money and make payment. Since they were serve different purposes, in other words they shouldn't be compared. Bitcoin would still be the number one crypto currency.
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You have to be really vigilant here in the crypto world as scammers are always constantly looking for loopholes in the system they can leverage on. On the internet you can however be unable to trace these scammers, so you have to check and recheck before carrying on any transaction. Above all, most people get scammed as a result of being too greedy. Obviously, people fall for the bait being set up by these scammers as the bait are very attractive and seem like a life time opportunity you don't want to miss out on.
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Few years back, when I took the decision to get involved in cryptocurrency, I had a little idea of how it works, but I was sure with time and commitment, I was confident I will get better with time, and truly I have learnt through my mistakes and failure in the past ( wrong investment choices, wrong trading choices e.t.c). It is okay to make mistake, but most importantly it is advisable to learn from your mistakes, so the next time you don't fall in the same trap. All you get from failing is feed back, so work on your feed back and become a better version of yourself.
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People chose to join the crypto world for various reasons. Among the reasons I feel they join is, majority see it as an easy way to get rich quick scheme. Most people joined crypto as a result of the bull run few years back thinking it will forever be like that, forgetting the crypto market is just like the stock market which is full of ups and downs. People in the above category would definitely be frustrated right now as a result of the bear run in the market and would most likely give up easily. Also, some chose crypto as a long term investment plan. In my opinion, these set of people really have an in-depth understanding of how it works and would always stay positive despite the current crypto market situation. While people also chose crypto for fun.
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The key to success is never giving up. To be honest, it is not easy to overlook all the failure you have been through. It is possible , if you believe. You have to have a high self confidence in your self to get up and believe, you can rewrite your future to what you wish. Gather all the momentum you need and believe the sky is only your starting point. A lot of people that are successful today where once failure, but they didn't allow failure get a better part of them. You can, if you believe.
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The journey so far hasn't been an easy one.so far , no personal regret in crypto world since I got started. They have been tough days ( when my wallet was hacked and I lost everything I worked for) and great days when maximum profitwas made. Life generally ain't no bed of roses, you win some and loose some. You fail when you stop trying, so therefore even if you have failed multiple times in the crypto world never back down, it helps you become a better person. When you get to the peak, eventually you will realize it is worth the stress.
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A lot of thought on cryptocurrency. I don't know how crypto can be a get rich quick scheme. You have got to be smart to make it big the crypto world and also the time factor is constant. People think of crypto as get rich scheme and therefore when they are against a little obstacle, they get frustrated and give up so easily, because they feel in the crypto world you don't have to put in hard work to make money. Change your mindest about crypto being a get rich quick scheme , trust the process the result is always great.
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I personally don't think ICO should be put to an end. The truth still remains that there are a lot of scam project out there. A little bit measure would be appreciated if possible. It is very sad and frustrating reading the news headlines about people being scammed of their hard earned money. The rampant occurrence of scam project in the crypto industry, I feel to some extent is one of the reasons for the market situation. A lot of investors have lost huge amount of money investing in scam project. Everyone is scarred to invest in even the real project for the fear it might be scam.
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In my opinion, I would advice you buy the coins now. The market price is still quite low. Take your time to do some extensive research on the coins that have a great growth potential. Don't just invest your money buying shitty coins that have no growth potential. Buy now and hodl till the right time to sell comes around.
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Bounty campaigns are very effective way of promoting an ICO . Through bounty campaigns the awareness of the project is being raised, therefore it reaches a wider audience. Bounty campaign such as content, social media platforms (Instagram, Twitter, Facebook, YouTube). Right now, social media platforms are the most effective way to raise awareness about project because an average person is on one of the platform ( Facebook, Twitter, Instagram or YouTube).
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Sending in your real documents, what were you thinking. You can't trust your document with the person on the other end. Take for instance, scam project that required KYC , I mean it is a scam , they didn't just only scam people of their hard earned money but also have access to their document (passport, drivers license). You can't really tell what they can do with it. Remember, they are scammers.
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It can be very difficult to differentiate between a scam ICO and a real one. Yeah, I know a lot of people would say check the team behind the project, road map, social media platforms and the list goes on, but nowadays it doesn't really help. Even the scam ICO nowadays are designed and looks like a real project. Investing in ICO, is very risky. It is left to you to decide if you want to enrich the scammers
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We are on the same page, I keep on telling people to let go of the fact that the bull run is not on now and focus more on the opportunities been presented by the bear market. As an investor, you have to know some of the investment made at times turns out to be bad investment choice, and tends to weigh us down. Most importantly, you have to stay positive, because your positivity will serve as your propelling momentum.
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It is okay to make mistake or fail at something, what matters the most is that you should make sure you learn from your mistakes or failure, because by so doing it makes you a better person. Don't try to avoid mistakes, because the more you fail, the more you learn and therefore with time acquire expertise in whatsoever you are doing. All the successful people failed at the inception and where able to learn from their failure and moved on.
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Most people out there are much waiting on a bull run to occur, therefore and focusing less of the opportunities at their disposal. Now is the time to invest and keep your fingers crossed while the bull run approaches. In my words, I will say do the necessary while the market prices are low right now so you can be rest assured once there is a bull run you can make 10x your initial investment. Invest while you still can.
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Of course, I totally agree with you on this. The prices of several coins are low, an example is etherum. The market price of etherum is low and therefore, now is the time to buy more of the coin at lower price. Believe when I say someday, somehow the market prices will pump really up and by then you can make 10x profit. You have to be really patient while holding the coin, because no one knows how soon the bull run is, but definitely in the nearest future there will be one.
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