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Of course yes, and that is why i am investing in bitcoin and other alternate coins and hodl it for long term. I found out that investing in crypto is way better than saving your money in the bank with almost zero interest.
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And is there any statistics on how many people are employed on the crypto market? It would be interesting to posomret, especially in the dynamics for a few years.
There is actually no exact statistics on how many people are employed in cryptos in the sense that transactions in cryptos are anonymous. On the other hand, application forms provided by bounty from ICO are only names from this forum user and crypto addresses only so it's hard to make statistics on it but i do believe that it can decrease unemployment rate. Just imagine the number of participants per bounty in an ICO can have. |
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I doubt very much that crypto-currencies at the current initial, "wild" phase of their lives can be stable. If they do not collapse, then their volatility will inevitably decrease.
Even if they will not collapse, still, volatility is inevitable. Bitcoin even reached 20,000$ last year even if its price is quite high and stable already but the demand of the people pushes its market price even more. |
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Being just a bounty hunter will surely give my time and effort to ICO which means i am in contrast with you. You do have good reasons to quit since your statements make sense. Good luck for you and i would say good luck to me too as i continue to hunt for bounties.
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For those who have strong belief that bitcoin will always grow, then you can hodl your bitcoin until such time the crypto market is back to normal and is ready to move up again.
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Price of bitcoin doesn't matter at all whether it is cheap or expensive if you have really a strong belief that your invested money can give you very good profit because it is already a fact that bitcoin will keep rising whenever it gets down.
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I am always looking up and i can see this cryptocurrency with a ticker name of "ETH". It is undeniable that ETH is very stable, have served its purpose and its popularity has drastically increased where digital currencies developed in ICOs this time are ERC-20 standard currencies.
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the price is already going up and a little time I think it will be necessary to wait for it to return to what it was after the new year
Bitcoin will eventually go back to the price where it started to fall. But panic sellers don't see it because they're just blinded by spreading FUDs around. Those who hodl hard somehow can say that their patience paid off as bitcoin reached 11,000$ now. |
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I even wonder how really secure we are (our data) from these giant entities. As to security measure especially in FB, I think it's quite good but my concern is do they really not access our records in their database?
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I think not only those altcoins presented by the OP are the altcoins that rises high after the dip. HODLing doesn't always give you good profit in the proper time but HODLing and buying the dip is the very good idea one should do during bloody times.
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Regulation means there is an intervention by government of whatever transaction you made in the blockchain. Whether you like it or not, you have to pay tax then. But it is good to help prevent people from scamming, IMO. ICOs should also pass certain requirements before they can start their ICO and in that way, investors are protected. But for those small time investors, i think regulation is not on their side.  |
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Those who knows how to hodl will probably reap the fruit of their patience during the times when bitcoin and the rest of cryptos are down. I wonder how those people who sold their cryptos when bitcoin is down feel today especially that bitcoin is starting to pump again.
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Based on how bitcoin has grown its market cap and price since it was launched, it's really a breakthrough for bitcoin and the blockchain. No wonder bitcoin is the mainstream because it's already the next big thing and this thing is already happening right now.
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Even if bitcoin has started so low and being down at some point in the first 1 and a half month, i still believe that this year is even more better than last year. I think bitcoin's market price at the end of 2018 is around 20,000$ to t30,000$.
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Hacking is inevitable and it can happen to entity or group/individual person. Some hackers are doing this to extort money, or just testing themselves if how good they are to breach security of a system. If big companies are being hacked, i think an ordinary person could even be more vulnerable with these attacks.
All we can do at least is to be vigilant and trust noone, all the time.
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It's up to you where you want to invest your bitcoin. If you like to invest in cryptos, that's gonna be a good idea and invest on those cryptos that are potential enough to give you real profit.
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If you want long term investment, why settle for anything less than bitcoin? But if you want cryptos with cheap price, go for cryptos that has big market cap and that are already in the top 50 and there are lots of cryptos under 1$ there.
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