The ones. Moving out of cryptocurrency are the faint. Hearts that don't even believe in the technology in the first place, they are the ones. Quick to. Panic when there. Is a slight fall in the market,. I think anyone willing to leave are. Free to, the few believers remaining will do the. Cryptocurrency platform lots of good
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Cryptocurrency is not a get rich quick scheme, it takes quite a while for one to Make good returns from crypto. And it. Involves a lot of hard work,. Dedication, and commitment, . You must invest. In proper knowledge,and this involves a lot of research.then you have to carefully chose where you want to invest in, and. Make sober and wise investment decisions. Most of the time you start small and gradually grow, all this takes time, therefore the get rich quick schemes are just but scams
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Cryptocurrency is very unpredictable we might not know how much value will be gained in the long run. But one thing for certain is that if more people hold, the. Coins available in circulation will decrease, and with high demand , the prices will shoot up again, we can't tell to. What amount but at least we'll be out of the Red Zone
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The bear market has taken lots of value from the cryptocurrency platform as a number of coins have declined, this has caused panic among the people , which has in turn lead to a massive Exodus from the platform as most people opted to sell off and cut the losses, we the believers are patiently waiting for the Bull and believe that sooner or later it will come to pass
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There has been a number scam bounties reported in the recent past as scamers seek to take advantage of most bounty Hunter's ignorance and use their work to popularize their fake projects, however if you are keen enough.you can tell a scam bounty , consider the product the project is offering, how relevant it is to the market, look into the whitepaper,. How much. Information are they offering, scams most of the times don't offer alot of information espey about the development teams. Let's be vigilant and avoid getting cheated
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We cannot tell for certain when the ICOs. Will bne faced off,. But I don't they ever will unless new projects stop coming up or strict laws to govern them are brought up. Some how the projects will need money to finance them through the. Development stage all the way to the final project. ICOs present an effective money raising method
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It's a common thing that most bounty Hunters tend to sell off their rewards as soon as they get them, patience is nolonger a virtue and I'm certain that most people aren't interested in waiting for the coins to. Gain value before selling off. Infact most don't even believe in the projects they take part. In as long as they get the rewards and are able to exchange them then they are just fine, this has inturn led to people selling quality tokens at an early stage only to regret later
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Yes it not easy to tell a scam bounty, especially if its expertly arranged, with proper coordination, and that has been the case in the recent past, most are falling in the traps of these scams, just because they aren't keen enough to notice, or dont carryout proper research on the projects before taking part in their bounties
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$10k is a very good amount of money that you should be very cautious when it comes to putting it to use, you can divide the money and invest some in major coins such as ETH.,I mention ETH because i believe its the coin for the future, it still has room to improve and grow on its already effective technology, some of it you could buy some promising alts, and a smaller Bit in ICOs, It must however be noted that taking advises from this forum with specific investment decisions is a risk
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Of course they are useful, Airdrops have caught some negative attention in the recent past with accusations that they are valueless, which to some extent is true, there are a number of airdrops whose tokens don't even end up in exchange platforms, therefore pure waste of time, Bounties on the other hand pay quite well, and some bounty hunters have made quite a good amount of money from them, all you have to do is o chse the bounties you participate in wisely
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There is nothing much you can do to help the situation right now, the best thing to do in such circumstances is to stay calm and hold on to those coinsas long as you possibly can, Most people panic during such times when the coins are losing value and sell, this doesn't help, instead, it leads to dumping which just worsens the situation The market will not be red forever so just hold on to these coins and wait for the market to recover, then you can sell off at a better price than what you can get now
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The backbone of crypto success is knowledge, The time to properly know the crypto market and understand he whole cryptocurrency concept there is quite a lot to be known in this industry that rushing over it will not be of any help , The knowledge you acquire from the researches will help you in decision making when it comes to making important investment decisions. This knowedge will also come in hand y whe choosing the coins to invest in
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Let's not put too much pressure on ETH, the coin is still young and has all the time to grow and develop, the quality of the coin puts it at an advantage and the technological advancement it has will make it possible for it to grow at a very high rate. This year however is one for recovery as it begun on a very red note,
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Practice highest level of caution when picking advice from this forum. There are practically people are campaigning for the projects they are involved in, sometimes even if they aren't as good, that's a good amount of money you have that in you. Can't afford to be careless with
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Well you might be having stats to support your claim about the Bitcoin, but we must know that it's almost impossible to accurately predict the coin value over a period of time,,. Anything is possible in the cryptocurrency market and you might be surprised if BTC gains instead. I personally don't think it I'll get to that price ever
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I believe you have an investment plan which you probably intend to follow as your guide while investing, crypto is a very delicate platform so make your choices wisely. A proven coin like BTC will be an ideal investment for a starter. Its facing lots of trouble currently just like every other crypto due to the red market but we all know of its ability to bounce back, you can take advantage of the its cheap value now, buy and hold for a longer time till its prices recover, Altcoins are lightly risky as you never know which one will be uptop and for how long, but if you have a good eye for spotting good ones then you can just invest. ICOs are the Riskiest, these you cant tell which will be a success or not and whether its a well laid out scam or not. If you don't have experience dealing with them, please stay way.
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Well there is a degree of risk in any investment made, everything crypto has risk attached to it, what matters is how much you are willing to risk and what kind of risks to take, the market is currently open for purchases especially for those looking for good quality coins, this is wher the difference is made, if you invest in quality coins then there will be nothing to worry about as your investment will pay, if you chose coins with low quality then there will be no returns to expect
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Well there are quite a number of sectors where crypto outdo the banks but when it comes to security, there is still lots of work to be done. Time and again we have heard of crypto exchange platforms getting hacked and Millions of dollars worth of cryptos lost to hackers who unfortunately are never traced and the coins never found at all,There are also a number of cases where private wallets have been hacked and individuals lost quite a large amount of cryptos, We continuously have to worry about such losses, something that one doesn't have to worry about when dealing with Banks.
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The current market situation is one that favors potential investors a lot, The coins are cheaply available in the market, opening doors for those who have always wanted to join the crypto platform. quality coins are currently cheaply available too Giving them the advantage of getting them at a cheaper price than most did. It therefore an ideal time for anyone willing to Buy TO TAKE THE ADVANTAGE OF THE MARKET SITUATION AND BUY AS MUCH AS THEY POSSIBLY CAN for the bull run is near and you will get rewarded for it
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Of course crypto still has a very bright future, the fact that the crypto market is struggling is not reason enough to dismiss the whole technology's chances of survival. Crypto at some point will revolutionize the fin tech sector, its just a ,matter of time till it realizes its full potential but so long as the future is concerned, the crypto's future is brighter than ever
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