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The concept of cryptocurrency is being anonymous, cryptocurrency and the person behind the crypto remains anonymous or unknown because for the safety measures of them, so if the projects need an kyc I actually decline those projects.
I believe that our identity must be remain unknown because as we see on the social media and internet there are so many identity theft that uses your name and other identity to cheat other people.
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For me I prefer the investment in short term because you can get an enough profit in a short amount of time, than long term investments in which you need to wait for a years or months to get profit, and in investing on long term you must know what would be the outcome after several months or years.
The difference in long term is you need to wait an months or years in order to get profit but when you succeed you will earn a lot in long term investments.
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Why I am still holding those shitcoins? Simply because of the reason that I don't see the value of selling those coins because I don't know who will buy because they also lose the value on the market so I don't see those coins to be sold.
As a matter of fact the main reason is I can't trade those coins because they have a very small amount of price so as a trader there is no point of using it as a funds in trading.
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ICOS nowadays have a big difference between the icos way back year 2017. When the year 2017 has been done many icos are popping up like a bubble and starting to promote so many projects that the people are supporting too, but when the projects of the icos failed the peoe who are managed those become bubble also that disappear in no time.
That's why icos and IEO has been done, ieo are from the concept of the icos. I may say that some icos right now are still legit and have a good production of project.
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Having a job in the real world is more pretty much good than doing bounty hunting, but if you can increase the knowledge you know about doing bounty I guess you may get also a good income, but as of now the condition of the bounties are still not pretty well, but if you really insist to join and participate in bounties you must prefer the conditions of this as well as it can take a lot of your time by promoting bounty.
Many people are in the bounties but did not get a good income, but who knows what may happen on the future for you.
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If bitcoin is the only crypto currency then surely it will never become usable in reality and also can't be imagined by any middle class human being so that altcoins presence is must for the bitcoin's future.But the only issue is scam projects who keep coming with new names everyday to steal money from the investors.
Investors need to educate themselves to get this issues done or else the scammers will stay here with the shit coin projects.
Bitcoin is the cryptocurrency most popular and famous currency and there is also an altcoin who are balancing the threshold of the crypto market. Bitcoin and altcoins are almost the same because they are depending each other. Altcoins nowadays become more less importance because of having so many shit and trash coins producing by the poor organizational planning of the projects, that's why it is the reason why they are becoming volatile. But don't be afraid to those altcoiners who are still holding those altcoins because the time will come that altcoin will stand up again. |
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stupidity is so close to poverty, do you agree with such a phrase? if it yes, means the poor are the fools. I want to know your opinion.  Stupidity is not the main factor why people are close to poverty, because there are people who are stupid still they are rich. The main factor is the laziness and lacking of will to stop the poverty that they are experiencing. Most of the people think that if they are poor they will die poor, but if they do their job and study very well I think they can stop poverty on themselves. Every people have their own weaknesses just like laziness and lossing the will to live. |
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When cryptocurrency arise the number of crimes involving cryptocurrency also arise? I think the idea is not good because cryptocurrency is a digital currency and the money that is getting by the people in crypto is on their hands already and they are the one who will decision if they will use it on illegal doings or not.
It is just like when you buy a gun and you say that we must not sell gun because having a gun would have a chance that doing crimes may arise.
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As per Google search these are the top 3 richest person of this world. 1.Jeff Bezos — $108.9 billion
2.Bill Gates — $91.9 billion
3.Warren Buffett — $90.1 billion
But these maybe wrong since in this world there are lot of blackmoney is available which were not recorded by any governments. In my opinion the politicians from the third world countries can be in the richest persons because they were stealing all their country's taxes. May be true.Many politicians in third world countries had earned lot of money in illegal manner.We don't know anything about their earnings.One real fact is we don't know the real richest person in this world.The richest person is the person who had highest profit in his account in legal manner.They had earned this profit by paying taxes.My point of view is,we can't predict the real richest person in this world. Yes maybe this could be true because it is based on the google which is we can said an reliable resources. In this world we cannot predict who is the most richest person in the world because as he said many people are rich by doing illegal things so that can make a lot of money. Many people don't have any records in the government so we cannot measure who is the richest person in the world. |
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I think it's the quantity if scam and poorly organized projects which have been created over time. It was very popular during the bull run if 2017 and lots of projects we're carried on hype and FOMO, this attracted lots of scams into the upstart niche and it eventually became saturated.
Now, most investors do not consider it worthwhile to take out their time to dig up the good projects from the multitude of failing ones.
I think this is the reflection of the people who are making new projects to scam people and those projects that has not been fully organized so they end up to be a failure project. This would probably will be better if the projects that are making by them is being good and well organized at the very beginning until the very end so that they have the back up plans if they messed up the projects. Just an opinion. |
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You can earn free altcoin by joining on Airdrops but as many says, most of the airdrop nowadays are scam and didn't give any altcoins and tokens to their participants. But you can also earn altcoin by working and participating in bounty campaigns, but also as many says bounty campaigns right now are scamm but you will be lucky if you will get paid and receive tokens or altcoins.
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Beginner trader, just go and start trading just like everybody in the trading platform is doing, because every trader starts from nothing and you will get some experience that you can use to start a well and good trading. If you really want to trade just go to the flow because every experience that you can absorb on your trading, you can use it to increase your ability on trading.
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My source of Investment of money is from the bounty that I've been get in the campaigns that I joined for the past few months and was already paid. I used them to invest so that my money could grow and have profit. I believe that investments will be good enough for us because in case of we need money we can get some. That's where I get my source of income.
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If I were you, I will never put most of my savings on bitcoin, because I have no savings yet, do not put large amount of money if you are afraid to lose it. We can't predict market, it is very hard to understand, sometimes bitcoin goes down sometimes it pumps, I think what am I doing is called smart or wise holding. You need to look for each circumstances that are gonna happen. That is why we only should risk the money we can afford to lose. I like your courage of placing all of your savings in bitcoin, it is a high risk and that what makes it good because the more risk you take the higher return you will get. Investing in bitcoin is not that too risky because it has a high potential. Bitcoin is a very promising coin that will give a profit but it will take a long time. Bitcoins do goes down and there's nothing we can do about it but take it as an opportunity to purchase more and wait for the uptrend then sell. It is a matter of patience I'd say. |
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Dear friend, So far, I know for kind of earning money from bitcoin and altcoins. I start trading when bitcoin 17000. until now, I lost a haft of money. ICO I have win any ICO. But I did not invest to much. Lending I think have not join anyone. But I think in the first time you can get profit from lending. But no more later. And now, bounty, I still reading and research information about it. No one help or support. One day, hundreds of campaign public. But dont know which one scam or good. I am distempered. Need more advice from you here  I think the perfect for you is to Hold your bitcoins and while waiting for uptrend. It seem your knowledge and your experience in trading is not enough hence just use a small amount of money and try to earn more knowledge and experience. You shouldn't have use a huge amount of money in trading if you lack of experience because by default you will only loss it all. ICOs are not a good option now because they aren't the same before like it was before 2017. Hunting a bounty could also be good but it is difficult to tell what are the good one. |
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Bitcoin's future prospects could be better than the current one, but will the price continue down when it rises?
What is the probability of a bitcoin collapse? It is extremely likely that someone will attempt to take advantage of people's ignorance of the true nature of bitcoin.
If bitcoin's price continues to rise, people will soon be unable to ignore it; it will be perceived as the 'gold standard' for currency.
What are your thoughts?
Actually there's a low probability of a bitcoin to collpse or I'd say it won't happen due to the fact that bitcoin is already known of having a great potential and this will be attract more users that will make inflate the demand. As long as there's a demand bitcoin won't fall down. Regarding on future of bitcoin we will never predict how much price of bitcoin will have in the future but we can guarantee that it will have a bright future. |
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bitcoin is not used as a currency, it seems that the influence of total supply is very limited and the price is very expensive so it makes the price of bitcoin very expensive and is not suitable if used as a currency because it will be difficult to use for transactions.
I hope that even bitcoin cannot be used as a currency, we could still use bitcoin to pay or buy some products. Or maybe in that time, we can use another coins that can be a bridge from the currency we already use and the digital coins. I think by using bitcoin as a currency, it will need all approval from all countries and the governments which I think they will not easy to agree for accepting bitcoin. I knew that bitcoin is versatile and can be used in any transaction you like such as trading, investment and buying some stuff. However, for me it is better to be used an asset in trading and investment since of the fluctiative manner of crypto so which is perfect from this kind of transaction. |
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What do you think Bitcoins biggest vulnerability is?
The only vulnerability I can think of is the restriction of government towards bitcoin that is why the transaction regarding with it is limited to those countries where crypto is available. This restrictions hold the bitcoin from being widely used across the world. |
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Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?
It is possible, if most of online transaction are regulated by cryptocurrency however, this will take time to happen though. The fact that anonymity gives more advantages and favorable to the users since their transaction cannot be tracked down so their identity is away from the sight of public. However, their users will be limited only to crypto users so I think it is still better if there will be some online gambling will accept fiat as a bet. |
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The fact that bitcoin rose from as low as $0.003 to as high as $19,000 proves that bitcoin is really going beyond the moon. It's really wonderful how that increase was achieved in 8 years (between 2009 to 2017). I still remember reading an article in which the writer predicted bitcoin to reach a $100,000 in a 'very few' years to come. Though this sounds too much, I strongly believe it can be achieved (in my opinion, it might take time). What year do you think that such a price can be achieved? Also, what do you think is needed to make bitcoin's price grow faster and stronger?
Probably I think it will take decades, centuries or even more to reach $100,000 worth of single bitcoin but I am pretty sure that this will happen. In order to do that and make the bitcoin's price grows faster is massive adoption. If bitcoin gets the attention of the world or get a massive support I am pretty sure this will be feasible however, as it getting accepted across the world there will be some problems will might happen that may delay the process of growing. |
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