Investing in anything is indeed risky. Banks today require certain requirements before you can invest. They require this needs because they want us to be sure that we fully trusts them with our money. Bitcoin is also good because it may be fruitful if we wait long enough.
We have to keep in mind that investing may cause us unforeseen circumstances that can be both positive and negative.
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It is a good thing to wait at least for the end of the year because we can see that in the past trends that Cryptocurrency including Bitcoin and other Alternate Coins have a sudden surge in prices when the year is going to an end and receives a depression period in the first quarter of the next year. Maybe it is actually good to HODL tokens for a year before selling it.
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There are some news that Governments are banning Bitcoin and other Cryptocurrencies because of their unofficial values that come from nowhere. They are not sure what can happen if their values rise into a price that is almost impossible to buy so in order to control and prevent that. They are already banning it and stopping it from being known.
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There are many ways to improve savings. You can use it as a capital for starting small businesses and keep that money circulating and producing even more savings and profit. You can also invest it on something you trust and you have to invest where you can be comfortable to leave your money at.
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Having 5 Ethereum is already a big investment. You can at least use 2 Ethereum to buy from different Pre-Sales and this will give you a part of the Circulating Supply which is limited and has already specific allotments in Campaigns. If you want to use it all, then i suggest buying Alternate Coins that you really have interest on. Because only you can decide which you think can last a long time.
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There are a lot of Cryptocurrency because it is easy to make one. Creating cryptocurrencies are taught at different Crypto Platforms like NEM. As long as you have knowledge about Blockchain Technology then creating Crypto will be easy. You first need to consider what platform will you have and if your platform plans to be launch at different countries or just inside the country.
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Investments with small capital have a lot of risk. First is the question if the capital you invested will return anytime soon or will it profit as time goes by. Investing with small capital means that the profit you will have will also be small but at the very least, there is still profit.
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Investors do Hodl Bitcoin on troubled days or some might say Red Days of the prices of Cryptocurrency. They tend to HODL because if they risk of selling it while the prices are going down, they might have to buy it at a higher price next time when the values stabilize.
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That is actually a good reminder for everyone planning to join Bounty Campaigns. It is true that it requires patience and perseverance to at least earn alternate coins because we never know what will be their future value and taking campaigns is a good way to earn a large chunk of that coin.
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Cryptocurrency and National Currency are very different from each other and the comparison between them is not always accurate. Crypto is based on the internet and can be accessed thru smartphones and computers. Both of them needs to be earned by doing something in return.
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Having a cashless society would be very hard in our country. Our country is slowly developing to adapt in modern technologies and not everyone is knowledgeable about Cryptocurrencies, Digital Money or even Technology. They do not know Blockchain technology and only a few have interest in this kind of technology. I guess Bitcoin played a big role to introduce Cryptocurrency because it is a way to earn more allowance or even cash.
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Cryptocurrency can be created anytime and it is very important to learn the process of how it works. Cryptocurrency in the future might be useful anywhere because it is becoming famous. What we need to focus on is learning about Blockchain Technology which can give us an edge on other people because we can earn from this technology.
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They are just being told what to report about them because they do not know how Bitcoin works or how even Cryptocurrency works. The media is blabbing stuff about some things that they do not know and this is considered as fake news. They are not knowledgeable enough to be reporting about Crypto and should do better research about it.
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Buying Bitcoin is in fact the same like investing in Bitcoin. It is actually investing in Bitcoin because you are involved in the Platform itself. They are relying on the knowledge they have and thinks that Bitcoin will still has its value rise which is actually a good thing for all users. If I get the chance of having a great capital, i would distribute it into different Cryptocurrencies including Bitcoin.
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I guess it will be enough once you have save the money that you earn from Cryptocurrency. Some earnings might even triple once you have HODLed that token. Starting a business is a good way to keep money rotating and having income monthly.
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That would be a hard adjustment because you will be always needing internet which is scarce in some places. You will need money to purchase internet weekly or even monthly. Having Bitcoin as the prime currency will give others a hard time. Bitcoin serves as a hassle free payment that lets you pay instant and avoid long lines.
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That is a big amount of money that is waiting to be invested in Multiple Cryptocurrencies. Making investments on a single Cryptocurrency that you truly trust comes with a risk because you wont know what happens next. If you decided to distribute it into different Cryptocurrencies then there is a chance that some will give you big profit.
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If that happens, we better hope that we already cashed out or have gotten all of the money we have on the internet or all of the Cryptocurrency we have is controlled only by us or the users that can access it. The government is always scared to be put out of place and the governors that govern places that is knowledgeable with Cryptocurrencies will be the ones most affected by it.
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I guess trading will be the fastest way to earn Alternate Coins because if you have money or Bitcoin to exchange into that Alternate Coin, then you may have a part in their platform. You can also join Airdrops but it requires some task that needs to be done and finished.
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The Bitcoin economy might be different from what we are experiencing right now. We may have Bitcoin as a legal mode of transaction everywhere in the world. We may have different cryptocurrencies that might be used in the future if we study how to integrate Blockchain technology in different technologies and platforms.
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