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In this tough market situation it's better to hold rather than selling in hurry, after this major drop panic sell has been extreme. Also buying BTC at this moment will be a great decision because you can sell them when it's price increases, BTC curve shows it the price may go down and anything can happen so just hold and wait for your turn.
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Today the market seems so bad, I just checked everything at coinmarketcap and saw ETH falling to 11% today, if this situation continues then I think ETH will go below 200 $ soon. But I hope it doesn't happen because if it crumbles down to $ 200 again it will be difficult for ETH to go up again this year.
I feel very bad for this downfall after showing some great performances ETH is mercilessly going down, I guess the reason might the massive drop of BTC. As the prices of crypto currency is falling badly it seems we are in bear trend now, eth has proved several times from it's downtrend and again it will come back stronger. |
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There is no any specific reason for this massive drop but I guess it should be selling of BTC has started in bulk, just in a matter of hours the price have dropped for 5% which caused it to loose nearly 600$. Similarly altcoins followed the same footsteps of BTC, Is BTC giving any opportunity to buy more and hold the asset??? This volatility is very extreme let's take this as an advantage and buy few for more coins and hold till Halving.
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Finally, an solid article showing the real reason behind the recent debacle wherein most of the users in forum have been debating about corona virus being the reason for the slowdown. This article will be helpful for us and it's the need of the hour, I am sure the market will gradually recover just like it did in the past and we can reduce the damage by avoiding panic selling which adds on to the bleeding market situation.
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Most of the users have already started to buy bitcoin and some are still waiting for it to touch rock-bottom, But again it's bit worrisome for those invested during ATH by shelling out $20k USD as they are yet to recover it nor bitcoin has crossed $15k mark yet. We need to have a strategy before buying it as the values can further go downhill. It's better to understand the market before buying like crazy in FOMO.
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What's happening guys and why BTC is going down so badly??? Could this be the end of bull and bear started to dominate?
Crypto market is fumbling again and I never thought it will fall so badly where as even the alts are performing really bad, should we have to buy the dip and make use of it because anything can happen before Halving
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Scammers made this entire forum a real shit, unless they are alive we can't blame any projects this is my personal thought. They are the one who announce fake ICOs or initial coin offering as a way to steal our funds or our hardwork, especially exchanges play a key role to make it a real disaster. However let's hope scam issues will get resolved in near future.
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Mate, this is how the market works we should not worry for this. I agree that you could have made some profit but that doesn't mean you lost totally, think that you have learnt a lesson and in near future you will not take anyone's opinion from now because you clearly got an idea about the process and how it works so just chill out. Just hold your asset and wait for another good day.
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Obviously, panic sell will definately lead more downfall for BTC. This downfall is not happening for the first time in crypto everyone knows this is normal, panic selling can be caused by various factors and can range in severity. And I believe this downfall will happen only for a short-term I request the panic seller just to wait till halving and see the price range.
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Cardano, recorded a weekly high of $0.053 although the price went down for the last two days. Cardano is still looking bearish in short term and for now the price is approaching significant support, if this goes well it will regain its momentum back. Currently if we see the chart cardano is maintaining a downward range but I strongly believe this coin will be the rockstar someday.
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If corona virus was the reason for the downfall then BTC value would have gone down to 6 or 7k, also the price is still moving up and down and the altcoins too would have affected very badly.
We can't blame corona for this downfall, BTCs rally will again start to continue in couple of days as halving appearance is on the track I believe the price will pump again.
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This issue is occurring a lot these days as most of the bounties are scammers, people believe a lot in ICOs and work hard to get the reward but unfortunately they end up with cheated by the ICOs.
Yes there were genuine bounties before few years but now the majority are scammers. I have lost faith on Bounty programs and they are no longer worth.
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It's too early to predict anything and I don't think BTC will reach $100k just using corona virus, we are still struggling to trend above 11k from the past few months and corona virus nothing to do in crypto market. We need to understand that no one can predict the market situation and just because the predictor is an ex CTO of a reputed exchange or project we cannot blindly oblige to it. |
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I'm just trying to do my part, I know many won't care and some don't even bother to read anymore, they are just here for bounties, here is for those who cares about reading and learning.
Stay away from the following exchanges, I have bad experience with them already and I can still see few people getting caught in same trap
1. Vindax
2. Systemkoin
3. P2PB2B
4. Latoken
Not just for fake volumes and watched trade but scams, lose of funds, swapping of withdrawal addresses, you name it, have a great day
I really appreciate you for Investing your time and listing is bad exchanges this will surely help some of us and as you mentioned most of them don't care and some of them might criticize you for this topic, but keep doing the good work as you are doing now and keep listing similar exchanges. |
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You can invest in any altcoin you wish, I personally suggest you to prefer ETH at this moment. I guess it will smash $300 in couple of days because I personally feel it's looking very aggressive after some great performance from the past two months and yes when it comes to XRP I don't think short-term investment will work as it is not doing good from the past few months, still it's upto you do proper research and Invest accordingly. Good luck  |
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I believe, like many, that this year will be very good for the crypto world. Assuming that the adoption of cryptocurrencies increases considerably this year, is it possible to see Ethereum surpass the $1400 mark?
To me, I think it's impossible to reach $1400. Even after the BTC halving I don't think so, because the market has gone down again from a descent pump. Well as far as I know I think may reach $350, ETH price will recover as soon as possible to its previous dominant value and it will test new heights only if Bitcoin price will go up. |
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Yes it can, right now BTC price has gone down and it has to recover slowly before the halving. Despite after the downfall the short term looks still bearish for BTC, it's really hard to predict the price hopefully the next few days might likely to decide the upcoming move of BTC price. I am very confident that it will reach atleast 13k by the end of the year.
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No, I guess it's impossible mate look at the Bitcoin dominance and ETH It's way behind BTC. On the other side the market shows that the bullish scenario is still possible, ETH is getting more and more popular among the crypto community but eth price is low at the moment so I don't think I will beat BTC and dominate the No 1 position.
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Yes brother you are right there are lots of projects based same concepts and it keep increasing day by day so better to stop supporting those duplicate projects and support which is genuine and good for investors. manybe it can help to reduce those duplicate projects.
Exactly, selecting a good project will help us to grow more rather than expecting something from shit projects. As most of the Investors have already lost faith in new project lts better to focus on some unique projects like ETH, XRP, TRON etc. In my perspective the duplicate project will remain in this crypto forum forever, we have to be careful and select a valid one to safeguard ourself. |
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Hours after the top Indian court cancelled the ban of crypto currency this coin is over the moon, a massive pump of 60% within a day is a real shock to the entire crypto forum.
WRX is the native token of India and also a popular peer-to-peer digital assets exchange, guys just keep an eye on this I believe it will pump more and more.
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