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Firstly, the crypto market is unregulated unlike other markets like Forex, stocks or shares market. This gives the bulk hodlers a freedom to conduct pump and dump. Secondly, there are lots of unskilled and rookie investors in crypto who blindly follow these Twitteratis and Telegram groups. I have seen these admins manipulating the followers. They buy before and then announce in group to short profits. It would be tough to escape this situation unless the distribution becomes more diversified.
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First clear me out whether you are looking for a wallet to hold for long term or for short term investment/trading.
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The market was being suppressed due to the excessive selling pressure whether it's for Mt Gox or the approaching tax day in America. Surprisingly, after 19th April, the Tax day, with reduced selling pressure, we saw an amazing Bitcoin pump of almost 17% in mere 30 mins. This has created a situation of FOMO which has made every other coin pump. Bitcoin still has to test $8700 levels before concluding any bull phase.
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First of all, regarding another dump before the next pump, you are indeed correct. There was a sudden pump of shitcoins (coins with small volume and no adoption or use case). When such pumps happen in mid of bear cycle, that shows that distribution is going to end and massacre is going to start. So watch the market for next 7-8 days before making any type of new investment. Regarding your choice of coinS, I would say instead of 40-40 for ETH and NEO, go for - 20 - ETH
- 20 - BTC
- 10 - WTC
- 10 - VEN
- 20 - NEO
- 10 - DGD
- 10 - POWR
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People refer to bear market as the crisis time. But the thing is, you can earn equal profit as in bull market in bear market as well. In bear phase, What can you do to protect you coins: - Open a short position.
- The second tactic is to just HODL all the way, long term ... and see all the dips as market ‘noise'. If you invested in a great project at a good price - all should be well. At a later date, you can either cash out back into FIAT, or use your coin investments via a Crypto Payment Card.
- The third strategy is to sell all your coins at the beginning of a downtrend and secure the funds in an exchange coin (i.e Tether). Then buy back more coins for the same amount you sold at when you think the downtrend is over. This active trader method requires time and vigilance depending on if you are a day trader or a swing trader (longer timeframe price movements).
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The best part is this step will benefit PornHub as well as Verge or in general cryptocurrencies as well. At one hand this will help in accelerating the paid service provided by Pornhub as people tend to avoid paid services because it involved their identity. But now with a completely anonymous currency, Verge, people will find it easy and comfortable using the paid service. And on the other hand, Verge will get more adoption due to the increase in demand and this will shift people to other cryptocurrencies as well. With 23 Billion visits, through Pornhub, crypto market might get some new investors.
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Telegram CEO has already announced that they will privately fund VPN services to help people in using Telegram anonymously. Also, Telegram has stated that they didn't see any significant drop in user engagement after the ban. People are still active using VPN services. Majority of Russians use Viber and Whatsapp as the messenger. Telegram users are quite and thus this ban didn't affected a large population. And that minority is still using Telegram. Telegram is using Bitcoin for the anonymous funding to the third party cloud server.
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I was reading about the various views by the Russians over this convoluted mess. There's another interesting angle to the story. The Russian government is only using terrorism as a tool to ban Telegram. Actual reason is the anonymous channel running on telegram which gives political news and make the major part of the Russian newspaper. Many Russians prefer Telegram channels instead of newspaper for the news. Russian government heavily manipulates the news whereas some anonymous and the most followed channels give the actual news with thorough analysis which is what government is afraid of and hence, this ban.
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Bitcoin being the dominant currency in the market, is being blindly preferred by the investors. Also due to wide adoption, it has become the intermediary for the trades. This helps in running the demand as for now. On utility point of view, Bitcoin hardly has any advantage because there are currencies with better anonymous features and tx speed and they have utility as recently pornhub accepting verge. I think, sooner or later bitcoin will lose its dominance and a coin with better utility and acceptance will take its place. Most probably it won't be a one coin but the marketcap will be divided roughly equal among some top altcoins which will meet an unmet demand.
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People who watch porn are mainly cautious about saving their identity and remaining anonymous. The paid services on any porn website needs visa or mastercard and thus, can lead to the revealing of the identity because of their direct linkage to the banks. But now through verge which is an anonymous currency, people won't have apprehensions in paying for the paid services. This will definitely gonna help boosting the usage of paid content on PornHub and will help in introducing new demographic to cryptocurrencies. The thing that cryptocurrencies need is more adoption that can only come through more use cases.
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Alright MadZ
I will make sure to not post in mega threads from now onwards.
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If Bitcoin dies (which doesn't seem like a likely event), then this entire market would come to a halt and almost every investor will lose his/her faith. Bitcoin is what that started this revolution and if something as popular as it can die, so can every other coin. I don't see a reason why other coins would be alive if Bitcoin dies. Who would even have the faith to invest in the Alts in such a fragile condition.
So we can assume that if BTC or ETH die, this market crashed and it is the end of everything!
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There isn't really much to explain about the bounties and airdrops. All you need to know is that there are different types of bounties that you can enroll yourself in. It can be Twitter, Telegram, Facebook, Reddit, Instagram, Translation, Signature etc.
You have to figure out which bounty you are eligible for.
As I can see that you are still a newbie, so you cannot apply for any of the Signature campaigns, but you can definitely try out the remaining bounty campaigns. These bounties usually pay you in tokens which you can sell later on.
Airdrop basically means the owner is giving out free coins and you can take them by registering for free on their portal or by filling out a form.
Can earning money get any easier?! I bet it doesn't!
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Almost every token eventually recovers once it has been listed on an exchange. With a coin being listed on famous exchanges like Binance and Bittrex, the credibility increases and we see the price getting more pumped than ever.
If you ever notice a coin that has been newly listed, it usually sells for higher the price compared to its listing price. This is because with every new exchange new money comes into the project and that helps in the appreciation of the price.
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Think of it as a company who wants to get started but doesn't have any funds. Now the question arises that how would a company raise the funds?
Till date they only had two methods - Find an angel investor or go for an IPO - Initial Public Offering. With the concept of ICO, those companies have found a new mean to raise money.
Raising money through ICO is by far the easiest and the most efficient method. The price of coin you see would have been the price of the share of the company had they gone for an IPO.
So apart from trading, this helps in supporting the project of the company and the remainder depends on how successfully they can run their project.
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I agree with your statement but I still would not be surprised if I see the market jumping 2 fold by the end of the year. We all know that how manipulated this market is and how much power lies with the whales. Hence, if we ever see a 2 fold increase, we shouldn't be surprised and should consider it as an opportunity to exit the market (since given the pattern of this market, the price dips harshly after every pump).
Ideally, 2 years is what it should take to see the BTC at 15k level again and staying stable over there, but as the people say, you can't predict the outcome of this market, and hence all we can do is wait and watch.
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Given the current state of market, it is advisable to hold your ETH, unless you bought them for 350-400$ (which was the price during the recent dip).
ETH has so much potential and I do not see a reason to sell it for anything below the 1000$ mark.
Next time onwards, do mention your buying price in the description so I can provide you with a better advice. I am just assuming that you bought it for 500$ and are looking to sell it for 520-550$.
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I think you forgot to mention whether you want to invest it in Altcoin market or in other government regulated markets like mutual funds and stock markets.
In case you are looking to invest in Altcoins, then I would definitely recommend you to invest in Sirin Labs Token - SRN. It is because the current price is 0.30$ and the forecast says that it would reach at least 7$ in the coming year and more than 30$ in the next 5 years.
So if this forecast turns true, your assets would multiply by 100 in just 5 years.
You can start off small by investing 500$ and then if the coin lives up to the promise, you can invest more.
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I think how you save depends a lot on the background you belong to. For instance, someone who has been raised in an average income family would turn out to be more budget centric than the one who was raised in a wealthy family. A lot of teachings of childhood also play a role in this.
I have seen a few friends of mine who would save 90$ over every 100$ while the rest do not save a single dollar out of every 100$.
With the introduction of crypto currency market, savings have become an alien concept since you can double your money almost every second week.
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Hello guys, it is unfortunate that many people fail to achieve and succeed their project ( like, ICO ...) , and many stop in the first attempts ( especially when there is a big failure) and become disappointed.
According to my experience, I want to give some steps to succeed any project, they will be as the following:
Step 1 : Focus on your goal ( project) because your energy will go to him:
Focus on what you want, not about what you do not want, and when you say to yourself that you will make a successful project ( there become a positive energy (+) inside you), then your focus will follow your thinking.
Step 2 : You must have a futuristic vision for what you want:
The futuristic vision pulls you to your project, and helps you in achieving the best , also when there is no vision , there is no hope to succeed.
Step 3 : Choose the right map ( strategy, plan) and the appropriate teacher :
The map may change in each situation but with that you should search for a teacher who have a good knowledge on the field of your project because he/she can help you to take a shortcut way to achieve your goal.
Step 4: Overcome the fear of failure and the internal conflicts:
One of the biggest obstacles which leads to project failure is the psychological problems.
And fear is one of the most widespread problems in many people ( fear of what will happen in the future, like that , Will my project fail? , Will I lose a lot of money? ..) and to overcome this issue, you must resolve the internal conflicts,
Firstly, you must know the internal conflicts that exist in youself ( like, your focus on negative thoughts )
Secondly, you must organize your life by choosing the most important things or goals for you, which helps you to achieve your dream ( project).
Thirdly, get starded.
What do you think guys?
There is one harsh reality that everyone has to accept, and the reality is that no matter how good your project is, if you cannot do the marketing right, it is going to fail sooner or later. There have been multiple ICOs where the marketing was the key aspect which lead to their failure. So, the point where you mentioned the strategy really needs to be dealt with a lot of patience and analysis. With that being said, not everyone can bring in good projects. Even if you feel your projects are good, they might not sound good enough to the audience. So, luck also plays a major role in this. |
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