I agree that bitcoin is the best coin for trading on binance exchange. Even bitcoin is good for daily or long-term trading, besides bitcoin of course BNB is also good for trading on binance exchange. BNB is more suitable for long-term trading, then for daily trade must be coins with large volumes. Like LTC and LINK are very good for daily trade.
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The wrong decision made by Coinbase in working with the IRS and DEA. Because coinbase users will definitely move to other exchanges. But from the beginning I had never trusted exchanges, I only used exchanges for trading. For investment or save coins I prefer hardware wallet. Actually I am really disappointed with Coinbase's decision, even though I have been more than 2 years use coinbase. And now must move to other exchanges.
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I like the boxing style of Manny Pacquiao, even though his body is fairly small and is now 41 years old. I'll bet Manny Pacquiao can beat Golovkin, although it's certainly not easy to beat Golovkin. Hopefully the match can be held well. Because it is not easy to hold boxing matches in the current situation, protocol implementation must be as detailed as possible health prevention of corona virus spread.
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The cause of a country's economy is down, because its ability to buy products is low, unemployment is high, and job vacancies are few. That can make the country's economy fall, but now many are blaming COVID19 as the cause of the falling economy. If we think calmly, surely we realize actually because people cannot make money. Then the country's economy to fall.
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The best advice is of course hold the bitcoin that your friend have, because as long as your friend's bitcoin has not been sold, your friend has not lost money. I am also one of the people who bought bitcoin when the price of bitcoin was at $ 19k, so until now I am still holding the bitcoin. Actually we do not need to worry about the price of bitcoin which has not yet returned to the price of all time high, because I am sure the price bitcoin can exceed $ 19k. All we need to do is be patient, I'm sure in 2-3 years bitcoin can reach a price of $ 50k.
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For new projects in my opinion is not good for investment, some new projects and even so listing on exchanges most of the price dump. I totally agree with your suggestion that now is the right time to buy altcoins, but that must be bought top altcoins of course. Like ETH, LTC, LINK, XRP, XLM, BNB and TRX. Because in 2020 the performance of top altcoins is quite good according to the results of the analysis that I have do, in fact, I predict that in 2021 alt season can occur, so buying altcoins from now is a good decision.
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Bitcoin trading is a high-risk activity, so use your capital wisely. Which means don't use all your capital we have for trading, because of the worst case scenario we can lose all the capital we have. So my advice is to use 50% for bitcoin trading, then save the rest in fiat or stablecoins. Or as in the opening post it has been explained to just hold bitcoin that you have, that's the easiest way to trade bitcoin in my opinion.
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I also realize that, exchanges do that to manipulate prices. And not only large exchanges do that, small exchanges and local exchanges do the same thing. When the price of bitcoin rises or falls suddenly exchanges going offline or going maintenance. I have experienced that since 2017, even some wallets do the same thing. Therefore do not store all our coins in exchanges or try to save our coins in several exchanges.
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It is true that I participated in many bounties but only paid a few dollars, it was frustrating but that's the reality. And I support limiting the number of participants to bounties, so bounty hunters can be paid more properly. Hopefully the new projects developers and bounty managers hear this, I'm sure if Limited bounty participants are implemented signature campaigns can be of higher quality.
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Everyone is free to argue, so it doesn't matter whether your friend or Warren Buffett doesn't like bitcoin and considers bitcoin a scam. Reading your story in the opening post already illustrates that your friend has a bad attitude. It is not a guarantee that smart people all his actions and decisions must be right. Proof that your friend is smart, but has a bad attitude. My advice stay away from friends who have bad attitude, just focus on the bitcoin that we believe in. It will definitely have a positive impact.
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I am happy now that bitcoin transactions are much cheaper, but if you do a lot of transactions, it $ 1 still large costs. Therefore I still use the old method, by converting bitcoin into altcoins. Which is still much cheaper, I recommend using XRP, LTC, DOGE, TRX and XVG. Altcoins that I mentioned have very low transaction fees.
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I have a slightly different opinion regarding PHR, in my opinion it is not a good investment decision in PHR. Because there are many other coins that are more profitable, besides PHR is good when in 2018. Now PHR performance is not good, during 2019 until now it is only able to increase up to $ 0.3. If you buy PHR because are listing on IDAX exchanges, you will be disappointed. Because IDAX is not among the popular exchanges. I also doubt that the PHR can go up 30x, even to be able to go back to the price of all time high just can't be achieved.
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Very true we should not easily give up when failing when trading, because to be able to succeed in trading indeed must be persistent. Give our best efforts, then one day we can be successful and can generate large profits. Especially crypto trading has many surprises, because we can use volatile crypto prices to make profits in trading. So when experiencing losses in trading is a normal thing, learn from every mistake we make when trading. Then we can rise and become successful traders.
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I'm sorry with the disaster that befell you, just move on. Turn this terrible incident into a learning for all of us, that don't use all the capital we have for investment. And most importantly don't follow other people's signals to make an investment decision, analyze the tokens that we will buy. I am sure the results are more accurate rather than following other people's signals.
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I am sure that most people understand how to trade, but not everyone understands how to make profits from trading. Though the most effective way to make profit is to learn from failure, people who succeed in the world of trading is a person who often experiences failure and learns so that the failure does not happen again.
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I prefer gold over bitcoin if for investment in the long run, because gold is safer and the price is not volatile. So of course gold as a safe-haven is better than bitcoin. What's more gold is more trusted by the people, therefore gold is very safe as a safe haven. But for the performance of 2020 bitcoin is still far better than gold, and also bitcoin is more profitable compared to gold.
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Since 2018 until now the percentage of cryptocurrency scams has increased, this has made the popularity of cryptocurrency decrease. But it does not make cryptocurrency lose new investors, because cryptocurrency is profitable if we can choose potential coins. Therefore we must be able to avoid cryptocurrency scams, it is indeed not easy. But if we can do good research and analysis, it's easy enough to avoid cryptocurrency scams.
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Lots of altcoins have the potential to rise 10x, because the target price increases 10x that is easily achieved. In my opinion the altcoins popular and has a high volume, it is likely to go up to 10x. Like ETH, LTC, XRP, EOS and BNB. That's some altcoins in my opinion can go up 10x.
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I do not agree trading and investment are getting harder and harder., because you do not have the capital or knowledge so say so. In my opinion it is not too difficult to invest in crypto, we only need to buy coins at low prices and hold up to the target sale reached. Then for trading we must be smart at reading the market and can also apply risk management. If the matter can be done well, trading or investment is easy to do. It can even be used as full time jobs.
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In this case you have to be calm, don't panic. Try checking your email archive around 2012-2013, I'm sure you will find a clue. Moreover, in 2012-2013 there were not many wallet in circulation, it should be easier to find the wallet. You have to try digging up your mind again, think about it slowly there is usually a piece of memory that could be a clue. I'm sure all problems can there is a solution if we try.
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