I believe ethereum was created to take over bitcoin, but that is too difficult to be true. We know bitcoin very much strong to be taken over by ethereum, so I'm sure ethereum will always be second. Even so it does not mean ethereum bad, sometimes being good doesn't have to be number one.
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I feel many benefits by adopting bitcoin in a pandemic situation like now. Some of the benefits that I feel include I can avoid the spread of COVID19, can get income from home, have a safe haven and so on. Although bitcoin can't make the world economy normal, but bitcoin can make some people avoid poverty. Because we can participate in several projects for a fee of bitcoin or if we have enough capital we can trade with bitcoin. Since all bitcoin transactions are carried out digitally, COVID19 cannot touch bitcoin users.
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I also have not found telegram groups that specifically discuss everything about bitcoin, usually the telegram groups that I follow not just talking about bitcoin. But talking about altcoins too, because if you only focus on bitcoin, income to be obtained is also not optimal. My advice is not good if you are fanatical about bitcoin, you have to be open-minded with altcoins too.
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It is no coincidence that ethereum can be ranked 2nd after bitcoin, because the potential of ethereum is very good. Moreover ethereum has fundamentals are very strong, hence causing ethereum performance in 2020 continues to increase. Actually I am not surprised see ethereum prices have gone up to $ 242, because based on my analysis nearing the end of the year ethereum there will be a big pump.Therefore from now on ethereum performance will continue to improve. Which is where Vitalik Buterin has said that in time near ethereum there will be a drastic increase.
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I agree that risk management is very important, but it is not as easy as one might imagine doing risk management. Logic is needed in thinking when doing risk management and not everyone likes to think with logic. I after using risk management when trading, i can get maximum results. Even when using risk management, when the market is bad, my capital can be saved. So risk management is really important for trading.
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I strongly agree that in the future bitcoin will eventually disappear. Because many people do not inherit bitcoin, including me right now who know my private key only me. Maybe the solution so that bitcoin can be inherited, from now on we save it private key that is easily found by our immediate family. But if doing that is also a big risk, it's likely that our bitcoin stolen can happen. When talking about the future of bitcoin it will never end.
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We actually have not been able to assess the bounty in 2020, because 2020 has only run until May. So the assessment is not yet too accurate, but 5 bounties I have participated in this year, only one scams. This proves this 2020 indeed not as bad as the bounty in 2019, unfortunately this year there hasn't been a bounty that gives big rewards.
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Economic competition between China and the US has been going on for a long time, even before the COVID19 outbreak occurred. This is what makes the guess that COVID19 was created by a lab in the US or China, regardless of whether the allegations were true or false, there was indeed a trade war between China and US. Now the US economy continues to weaken, even the price of stock in the US market is getting down. In contrast to China, the economy more stable and looks very ready to face the pandemic COVID19. So in conclusion I agree with the article in the opening post.
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One of the biggest lessons I get from bitcoin investing is not to be greedy, because greed will only make us lose money. I several times missed the opportunity to make profits because of greed, so we must be able to control our emotions when investing. When we reach the target sell, immediately sell the bitcoin that we have. Don't delay it, because you want to greater profit. Because if it's not sold immediately, it means that greed has taken hold of us. And that will make us experience lose the opportunity to get profit, there is even a possibility we will experience a loss.
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Sorry to say all the coins you mentioned in the opening post are not profitable coins in my opinion. Choosing altcoins for investment the long run must be popular and high volume. And the five altcoins mentioned in the opening post did not meet these criteria.Better to invest in top altcoins, such as ETH, LTC, BNB, XRP and EOS. Which is safer for long-term investment.
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This is the wrong step taken by Latoken exchange, by giving a 5 USD monthly charge for those who are inactive too much in my opinion. And of the many exchanges only Latoken applies it, this will make users uncomfortable. And the worst thing that will happen is that many Latoken users will move to other exchanges. If this happens, bad impact for Latoken exchange itself.
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What you said in the opening post actually happened to me too. Although i'm loss is not up to 50%, it is possible I've already lost 30% of bitcoin. Apparently I am following in your footsteps by following several HYIP investments, and also I trade a lot with altcoins. It is true as you said that makes me lose bitcoin up to 30%. And I also agree to avoid HYIP investment, because that will make the bitcoin we have lost a lot.
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My advice should avoid Probit exchange IEO, I have experienced getting shitcoins several times from Probit IEO. It's true projects IEO is safer, because the token that has been listed on exchanges. However, when tokens are distributed the price is already dumped. So it's useless to take part in IEO projects. Therefore if you want to join IEO projects, choose trusted exchanges.
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Logically it is true that the pay taxes, get married and use the bank will spend a lot of money. But it won't make us poor if we do have income. And also don't pay taxes, don't get married, and don't use a bank that doesn't guarantee you to be rich. The conclusion is that we can become rich or poor depending on the income we can get, so if you want to become rich. Look for ways to be able to get a large income, can work or do business.
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I totally agree with the term "if you can't beat them then join them". That's a fact that's happening right now, which is the government and the bank trying to beat bitcoin. Which results always fail, and in the end some big banks decide to join bitcoin. This one already conducted by German and Indian banks. Therefore I am sure in the future more and more banks will decide to join bitcoin.
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Looking at current market developments, in my opinion there are no coins that can go up to 10x. Even top crypto like BTC, ETH and XRP not possible up to 10x. Very different when in 2017/2018 many coins can go up to 10x, even some coins are there up to 100x. And according to the results of my analysis in 2021 the possibility of bitcoin can reach the price of all time high, this makes some coins will go up 10x.
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Of course I went through a variety of courses to become a successful trader, and after 4 years passed I felt I had just understand about trading. Even though I understand trading, I still experience losses a number of times. Most courses I take are free, and only once I take a paid course.
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Of course shops or merchants should accept payment by bitcoin, because it can increase sales. And also financial transactions with bitcoin can prevent the spread of the corona virus. To deal with volatile bitcoin prices, after receiving payment with bitcoin soon selling bitcoin became stablecoins or fiat.
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1. I don't use crypto for shopping, because the items I want to buy can't be bought with crypto. 2. If I can use crypto for payment, I will use Litecoin. Because transactions with Litecoin are very fast and also low transaction costs. Making litecoin is very good to use as a payment. 3. Now it is very good to collect and buy altcoins, because all altcoins are predicted to pump in 2021. 4. Gambling and trading the best options to attract lots of people to buy and use altcoins in the future.
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Most people around the world are experiencing an economic crisis, we must be able to make strategies to deal with the crisis. I suggest in a crisis situation like now just buy something important, avoid borrowing money especially from banks, always keep some of the salary we get and always try to find additional income. That way we can facing the economic crisis that is happening all over the world.
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