Tron (TRX) and Ripple (XRP) both are created for different purposes. The technology tron uses is somewhat same as the technology behind ethereum. Whereas ripple is focused more towards banks. So if we take into consideration the demand of which crypto currency is greater, it would definitely be ripple because majority of people would want a project like ripple and tron compared to ripple is less required by the majority of the folks in trading.
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If you have some money and you are sure that you won't be needing it anytime soon. Then investing it will be fruitful for you. But if you invest all your money just in one place, there are high risks in it. What you can do is divide your amount to be invested and choose some good coins to invest in. Some of which I'd recommend are Ripple, Tron, Ethereum along with bitcoins. What this will do is reduce the chances of loss. All the best investing.
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By law, a country can ban anything in which they find danger. And for now, many countries think that bitcoin is a danger to its economy and also somehow encourages illegal activities. But even if bitcoin is banned in some countries, there are other countries that encourage using bitcoin and so the people living in the countries in which bitcoin is banned can trade through bitcoin without the government knowing. So, bitcoin can be banned, but its usage can't be completely terminated.
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Trading in ICO is very risky as it might turn out to be a scam or the team might abandon the project due to their investor backing and leaving. But in trading altcoins on exchanges if we research and invest in a good project or coin then it can make us good profit as the chances of the coin dying reduces a lot. Buying coins in ICOs is cheap but only invest in ICO if you are confident on its success.
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Ethereum has the potential to rise up and grow more. So holding it tighter and for long will be advisable. Due to the increase in the (time taking) transaction fee of bitcoin, Ethereum comes in the picture, with very low transaction fees and instant transfers. So it's demand will be increasing in the coming days if nothing is done about bitcoins transaction. And thereby increasing it's price which will ultimately make you more profit.
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Holding bitcoin is anytime a very good step to create assets for your future. It is sure from the history of bitcoin that even if it falls really low, it rises again. Bitcoin will definitely grow more and make people rich who believe in it and are it's holders at the current time. I am doing the same now as i believe in bitcoins future value will be much larger than it is now.
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I entered in trading around when it's price was somewhere between $1000 at that time i had all my funds placed and secured in bitcoin cause it was less risky that time and it's value too was not as vulnerable as it is now. But is we consider the idea of investing all you funds at this point of time, It's very risky. You should only do that if you want to have a really long term investment. If you are up for quick profits then investing completely in bitcoin should not be an option for you.
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The exact prediction of bitcoins price cannot be made accurately. But looking at it's technical analysis, the price graph of bitcoin shows that it'll certainly rise again and maybe upto a rough figure of $15k. And even if it falls the least it can fall is approximately upto $10k. But if somehow it gets legalized in more places around the world, maybe the it's price may even rise further and cross $20k.
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The main reason bitcoin is so famous and extravagant these days is due to it's discussion wide spread on majorly all the social media. As people get to know more about bitcoin, they explore mire it and if they wish to invest in it, they do. So, social media is a powerful tool for bitcoin to attract investors and increase it's demand!
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As bitcoin is recognized world wide now, If more and more countries like Japan legalize it and accept is as an alternative method of payment. That'll help the price rise further as the demand will increase. And due to the limited amount of 21 million It'll just help bitcoin increase it's price. And if there's some way from which the transaction fee comes back to normal people might get comfortable using it more often and thereby increasing the demand.
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Majorly I choose ethereum for holding, Like 55% of my investment is in ethereum and 25% in ripple and the remaining 20% in bitcoin. And the only reason to invest a small amount in bitcoin is it's current volatility, As nothing can be predicted for sure. So, to reduce the risks and be on the safer side, I avoid investing in bitcoin for a while now.
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Lack of knowledge in bitcoin automatically makes one hassle and also make others worry. People should be educated about the new upcoming technology. Like in the past invention of the computer was a huge step, then after a few years internet was in the hot topic and now it's bitcoin. There are some disadvantages to all, but the advantages of these "inventions" are much greater. Bitcoin has a lot of potential and it's for sure THE CURRENCY OF THE FUTURE!
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I personally don't prefer making money through gambling and have never tried it too. But i do know a friend of mine who was totally inexperienced and just by believing in some of his friends that "gambling will make you rich in no time", started gambling with 30% of his income but after he actually realized that gambling was not his piece of cake, he refrained and discontinued doing it further! So, from that he became better at making life decisions!
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Selling all your bitcoins whatever the amount be, is not advisable. You should have some of it with you for the future. Another way is that hold some amount of bitcoin with you, if you want then like say 30% and the remaining amount in both Cardano and Electroneum and if you want then Ripple(XRP) too cause that has a really promising future. What investing in different cryptos in small amounts will do is that it'll reduce the chances of loss compared to invesing in just a single coin.
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You are not completely anonymous while making the transactions. There are times when it is necessary that you have some kind of proof that it's you that has made the transaction, so that's where TXID comes into picture. It allows you to claim your authority over the transaction that you made. And apart from that if you need complete anonymity then there are a couple of cryptocurrencies like Zcash, Dash and Monore, So there are options for that too!
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Can I enter Binance generated BTC Address for deposit into Slushpool Payouts Wallet for long term use ? Is this address fixed or changes from time to time and if it changes will the old address still be valid and I'll receive the money? Or it's better to use other account like coinbase and than transfer to binnance. I just want to save on transfer time and fees (Network Transaction Fees).
For long term use it will definitely be not safe if you are using any kind of online wallets like coinbase or binance. To totally have the responsibility over your btc you can purchase hardware wallets like ledger. Or for long term choose a wallet that supports segwit which helps making the transactions fast and with comparably low fee like the latest version of electrum.
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Ripple, Tron, Litecoin, Dodgecoin and to an extent ethereum. These are some great coins for long term investment!
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If you are making good profits from the cryptocurrencies and especially bitcoins then it's okay to be selfish and continue what you're doing. A friend of mine hates any kind of cryptocurrencies and just tells me that i'll regret getting involved in it one day. But all i reply to him that unless it benefiting me i'll never regret doing it.
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Bitcoin right now is not completely stable with it's price. Anything can happen, it might fall or maybe rise further. But it's just very risky to invest ALL your money in just bitcoin. It will be a wiser decision to invest in alternate cryptocurrencies too. I'd suggest ethereum, dodgecoin and ripple. There are many others, which you'll find with a little bit of research. Good luck with trading!
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