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I am also of the idea that diversification will either be bad or good depending the kind of coins you are holding or want to hold and how the correlate with each other. If you want to keep more than one coin then I thinks it’s better to keep those who correlate negatively rather than those that move in the same direction.
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Personally, I do not participate in a projects ICO just for only profit. It takes my level of interest and love for the project for me to join their ICO. If you really like and believe in a project, then you don’t need to sell right away for fear of loosing your investments later.
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It may be logical to think that the higher the number of bounties you join the more profit you make but I will like to dissociate my thoughts from that. Profit depends on a successful project but not just any project. If you join a good number of projects and none of them achieves it’s soft cap then you may not be getting any positive results.
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What makes you think another altcoin can displace bitcoin of its number one position on CoinMarketCap? You again cause bitcoin of not having many uses. What type of usage do you need that bitcoin doesn’t offer but another altcoin does?
I think you need to revise your knowledge about bitcoin. There’s a lot you need to know and the internet can help you out.
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There’s no big thing like bitcoin again, it’s the ultimate one coin. The market is now diluted and there is no promise for a big thing like bitcoin. I suggest we stop expecting something bigger and support bitcoin whiles it is still affordable.
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Holding your altcoins in your wallet has no direct effect on the value of the coins. Whether you hold for long or short the value will always be the same as the market price. But it is a good idea to hold for long since that will help you make a lot of profit if the market price increases.
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I am of the view that the multi currency system will continue to exist but just a few currencies will spearhead the system. That is a factor beyond control as just a few currencies will continue to impress the public thus increase their usage and coverage area. I will be bold in saying that bitcoin will be the leader of those currencies to be on top.
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I totally agree with your position regarding purchasing time. Yes every moment is good for buying, the only time you can’t but is when you don’t have money or when no one is selling. We need to stop asking such questions because they are not investor friendly.
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These are the risks takers we need to learn from. I don’t think he had two houses. He probably had only one yet he sold it and trusted his money in bitcoin knowing that he could loose all of it. He is a lucky hero. That’s all I can say.
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My wish for Bitcoin is that it becomes more stable and a legal means of exchange of goods and services. I actually want all critics to be very fair in their criticism of bitcoin. If the above are achieved, I believe bitcoin will be great forever.
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Gone are the days when airdrops were a hot cake. I believe the actual air drops have already happened and are their likes are likely not to occur again. Projects are now just using airdrops to get supporters but do not actually give the supporters what could be said as a good and profitable airdrops. A few may be rewarding but it may take a year to one of such so you may need to continue joining if you have the time for that.
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There is a common question in this platform is that, How much we should invest? Where to investment? And many more.
Invest what you can lose without going broke. It's the safest way. That's unless you're like me and don't like fiat money. In that case you can invest it all, but for that to work you'll need a lot of distance and self control. Where? Choose the exchange that uses your local currency so that you won't have to convert to USD first and potentially lose more money on fees. If you have USD, or EUR the choice is huge. Pick the most popular exchanges and don't keep your money with them. Get a dedicated, clean PC or a hardware wallet. As simple as that. Don’t bite what you can’t chew. You are free to invest in any coin of your choice, all you need to do is to invest an amount you can afford to part with. While the market promises good profit, it equally assures good loses so be careful how you enter the market. |
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I was introduced to crypto currencies by a course mate back in school. I tried as much as possible to understand cryptos and now I am almost a reference point among my colleagues. People call me on phone for help and others come to me for tutorials on how get into cryptos and how to survive in cryptos. For now I just broadcast crypto currencies especially bitcoin to my friends and those who are interested are helped out.
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In my perception, bitcoin is already on the global platform. It’s been used worldwide and it doesn’t need more than that to be a global currency. I believe it is already strong in the market and it is getting stronger and stronger.
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so it finally gets to a stage where no one gives updates about this project. What is happening with this community. Its been silent for sometime now. Admi can we please know what is going on?
Have you joined proof telegram group? last i heard in there that the amp is coming soon (possibly by first week of july). you should join telegram group if you want to get updates or ask any questions, i think proof team don't follow this thread. Thank you for the information. I will be very grateful if you could share the link to the telegram group with us. |
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Why would you want to trust your bitcoin into someone’ care? I’m using ledger nano s, a hardware wallet and it’s been fantastic. I would recommend same for you. It’s user friendly and all you to do is keep your code or seed safe.
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This is a wise movement from the Thailand government. Crypto currencies can bring a lot of income to the government as well as increase the rate of employment. Congratulations to Thailand for accepting cryptos.
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Well, it might have been very slow since the beginning of the year to now but that doesn’t make it any slow mover. Let’s take its general performance into consideration when ever comparing bitcoin to other altcoins. I believe that accessing it based on cure performance seems unfair.
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That was a great bold risky decision you made. The odds with bitcoin investments are not very stable but are far better than the stable offers given by the banks. I applaud your decision and wish us all luck.
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As part of life, we sometimes suffer disappointment and other unhappy happenings but should not discourage us. When ever we fall, we need to rise with more strength and keep moving. Per my observations in cryptos, there is no giving up. All we do is to win and loose. Let us appreciate both.
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