This looks very phishy I would stay out of it. Just the fact that they guarantee certain percentage smells like scam because we are all aware that in cryptocurrencies world no one can't guarantee anything. This and similar services aim at people's greed hoping they will not think much and accept their "offer". If you go further and try to check anything about the structure and ownership you will find many suspicious data.
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So, he didn't say anything that we haven't already known. Keeping coins on exchange like in wallet brings many risks, like potential hacking attack where you can lose your coins and who knows if you will ever get them back. Keep on exchange just the amount you want currently trade and divide your funds on multiple exchanges. There is no absolute security but still you have to do all that you can to protect yourself.
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It makes sense. To my opinion it's important to set the goal and strategy in trading and stick to it. If you don't have any kind of plan and you are changing trading methods and varieties in some moment you will get lost, that is for sure and you minimize your chances for profit. But many unexperienced traders make exactly that mistake, they don't have the clear set goal and are making too much experiments so at the end they are not able to control the situation anymore and they end in losses.
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No matter the progress that cryptocurrencies have made it's still very hard to find the merchants and shops where you can use them for buying goods and services. Especialy you can't buy everything you want. So to make life easier and not to worry whether merchant accepts cryptocurrencies or not I suggest to get one of those Bitcoin or other cryptocurrencies debit cards. You can use them where ever and for whatever you want to buy, it's good solution and many of them are giving quality service for reasonable price.
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Bad things happen and KYC databases are not the only source of your personal data. People leave their information on different places on the Internet and often they are really even not aware of it. It's good to be very careful and not give your personal information to everyone but sometimes you can't avoid that in order to get some product or services. I guess we all have to accept certain risk but it's really scary when you think on how many ways hackers can abuse your data.
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This doesn't look relevant to me. It's an opinion of one local branch of Federal Reserve, so I would call it as an attitude of Federal Reserve in general. Also, it doesn't sound like an expert opinion and it's a bit controdictrary. And I definetely don't agree that altcoins are to blaim because of Bitcoin price, that something like this isn't relevant theory it was proved many times in the past before.
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What exactly does it mean they will betray it? Every investor is looking for the best investment that will give him profit. Today it's Bitcoin, tomorrow some other coin or asset but this is not betray. But this process is ongoing, some investors come, some investors leave but the issue is how are you thinking, long term or short term and what is your final goal. Not all investors will quit Bitcoin at the same time and to my opinion there will always be enough investors and users to keep it alive.
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No, I wouldn't. That is exactly the mistake many are making, they are taking loans to invest in Bitcoin. This is completely wrong strategy and possible could lead you to losses you can't make up. First and the most important rule of any investment and so investing in Bitcoin too is to invest extra funds that you don't need and not to invest the funds that you don't have. Sooner or later investing based on loans will lead you into troubles.
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I don't think that exchanges are dead but some of them will disappear from the scene. High and strict regulation demands will force them to adjust their business and some of them will not survive that process. But those who will will run legitimate and professional business and that is only in favour of users. Although competition is good to my opinion at the moment there are too many exchanges and not all of them run legitimate and fair business so some selection will do them good.
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It looks like people are loosing patience and are very eager for market to finaly move. But we can't push it and at the moment it looks like current situation with price will last for a while and 3k to 5k is the range where is going to stay. At the moment I wouldn't dare to give predictions that Bitcoin price will "go to the Moon"as users like to say. In fact I don't expect too much from this year, it might look pretty much the same as the last one.
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I definetely wouldn't compare trading and gambling. Yes, some luck is needed for both but that is just a smaller part of it. And successful traders that you refer to know that the best. But just because they are good in finances and that field is their expertise that doesn't mean they would also be good in other areas and could help to solve the world issues. This is utopia I would say. And we also shouldn't blame them because they want to get the most for themselves out of Bitcoin and cryptocurrencies. It's the opportunity for the bravest and the most capable.
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I think that currently people are too focused on Bitcoin price. Yes, price natters and at the moment it's not ideal but we have to accept it and get out of it the most. O think that in next period of time the price will more or less stay in current range and will not change much in either way. These are current conditions on the market and we can't influence it. I say don't expect too much from this year.
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At the moment it looks like the market is standing still. Many are expecting great deal to happen this year because 2018 was not so good but it doesn't look like there will be some big changes. I beleive that market will recover and the price will go up again but these changes will take time, this process will develope rather slow. Maybe in the second half of the year we might expect some substantial rise, at the moment investors are still very caucious.
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You don't have to have some expertise technical knowledge but you have to know at least basics, how it's functioning and what is the background. That is where many make mistakes, they get involved in Bitcoin and other cryptocurrencies without any knowledge. But it's not that difficult to learn basic information and this is really added value in dealing with cryptocurrencies. World is geetting digital and virtual and without any knowledge about new technologies you can't actualy function ptoperly anymore.
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No, I don't regret it. First of all I'm involved with Bitcoin for a long period of time and I never bought Bitcoin at high price so there is nothing to regret. Actualy I stopped buying Bitcoin a long time ago, I'm earning it so my situation is quite different. Still I can understand disappointment of some users and that they made some wrong decisions but not having enough patience and not waiting for right opportunity could make you even worse problems. Bitcoin price will recover, try to cover your loss as much as you can, don't make even bigger loss by making bad decisions.
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That is the first condition for everything, not just trading. Be aware of what are you doing and the possible consequences. The big mistake many people make is that they think trading is easy job that will make them rich over night and they don't need any kind of knowledge for that, only some luck. Of course that is not true and very soon they get disappointed and quit trading. So it's very important to understand the market, how it's functioning and what are the rules. Good and dedicated traders are aware they need to learn all the time and market could still surprise them. Also, you should be aware that losses are always possible.
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It's not a positive news but it's not so sad either. I always say that the ecpectations from ETF are exaggerated. I don't think that acceptance would influence Bitcoin in so significant way. But this denial doesn't influence the good reputation of Japan as a cryptocurrency friendly and very progressive country.
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I completely agree, depending on only one source of income, no matter which one, could be risky. This risk is especialy big when we talk about Bitcoin because no matter your current profit in Bitcoin you can't rely on that constantly and also you should always be aware of volatility. Also, financial world is not ready yet to fully embrace cryptocurrencies. I would say that some are very brave but also capable Bitcoin users who managed to make their living from Bitcoin only but these are very rare so don't think this is easy.
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Well, I'm not so optimistic at the moment. I know it's only the begininig of the year but still I don't expect much and I don't think the bull run will start soon. I'm much more convinced that current situation on the market will continue for a while and the price will stay in the range around 3000$ to 4000$ for the next period. Even another dump wouldn't surprise me. Maybe in the second half of the year we might expect some improvements.
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You have to be aware that Bitcoin is still relatively new technology and still not so much people are familiar with it and people are usually sceptic to new things and don't trust them. Also, many still think that Bitcoin is some kind of scam scheme and are afraid of volatility and aren't willing to accept the risk. I beleive this will change with time but we also need more education and awarness campaigns about Bitcoin and cryptocurrencies in general.
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