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Yes , You need a good capital to start trading otherwise you will be burning your hands and go back to bring more money after losing what you have before. Capital is a major part of traders pillar, if you have to manage a a miniature capital to starts trading it is better you did not start in the face place. If your trading capital is small please wait to gather more before you start.
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There are so many exchanges that are coming out every day . Even about 75% of the ICO projects has their end product as exchange for crypto currency.I know with all these numerous exchanges some thing sinister will happen. We all need to be careful for any link sent to us in our emails. Do not click any of those links to keep your wallet safe.
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Cryptocurrency is fully decentralized so there is no single body or person that controls the market rather the market is being influenced by the sentiments of the market. Though some people utterances can influence the market in either way but still it is the market sentiments that determines the outcome of the price.
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Noob sellers will see it as a red opportunity but wise bitcoin users will see it as a opportunity to buy a lot. why? because most probably when its red or the price is too low or the bitcoin is down many will panic and sell their bitcoins as we see nowadays there is many in this forum saying that bitcoin will end or something etc.. just simply because when you trust that kind of post when you are a newbie or panic seller you will sell your bitcoin and they will grab the opportunity to buy yours and they will just keep it and wait till the price will pump again.
Don't be foolish, patience will be the best weapon you can use in cryptoworld
With the turn of things in the market that people has been holding from a higher price hoping for the price to come up at least to broke even level for them to exit but that is not the case instead the price keep going down whittling down their portfolio to zero from lofty height of price. Where will they get the fresh fund to put into the market as buying at dip. It is only some people that still has extra cash that will come to the market now. |
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Bitcoin is legitimate digital currency but not universal legitimate digital currency. This is so because some countries like Japan S. Korea and Estonia have long approve the use of cryptocurrency in their countries. More countries are also in the verge of allowing cryptocurrency in their own countries. Bitcoin can only be generally legalized when universally it becomes accepted as a means of transaction.
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ICO will continue to grow so long as the there are ideas with human being. There are also human issues that needs to be resolved by the technology that these ICO projects tends to developed. Let us take for instance turning garbage to wealth will help the clean up the environment and preserve peoples live. Garbage and its disposal is a serious issue especially in the developing country and a dirty environment can cause epidemic that will take peoples lives. If ICO will continue to grow provided the project continue to solve human issues
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No bitcoin is not safer compare to conventional banks. Banks are being supervised by the country central banks and the customers money is covered by insurance. Bitcoin is decentralized and there is no insurance cover for the customers money.The customers are responsible for their security. So if you lose your bitcoin there will be no compensation but if any thing happen to your money in the bank you will be refunded.
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Both the chart and bitcoin price is following the sentiments of the market that is carried by the news. Few weeks ago during the ETF and SEC issue when SEC postponed the admission of ETF in their stable, just because of the news the price slide down from $8k to a little above $6k. That is the power of news in the online trading.
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bitcoin is decentralized and can not be control by any one except the market sentiments only. The government want to control bitcoin so that they can collect taxes on every transactions on bitcoins. When they can not succeed in their effort to centralized bitcoin it then becomes a tool for evil.
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Good news and once their experience is good then other companies will join to accept bitcoin as means of payment. This will surely increase the demand of bitcoin in those regions and the regions of other people who will like to trade with them. Once demand increases the price will also increase and bitcoin will then soar in the market.
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There will still be conventional banks even if the whole world turn to cryptocurrency. This is so because it is not only withdrawing and deposit of money that is being done in the banks, others like loan, payments of bills, selling of stamps ,securing of luxurious items and time deposits and government bonds issuing. So banks will still be there for some of these things.
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You do not sell of your coin on a losing points. Just hold your coin and wait patiently for the market to turn and give you the desired profit. If you sell off because the market is going down you will lose but if you hold a bit more there will be price correction when the price will reverse and move back up. Be brave and hold.
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We hope that the beginning of the rally has started but no one knows how long the rally will go. Bitcoin on its own was able to hold ground above $6k support and has bounce off that support level. The upwards trend hopefully will take us to the end of the year.
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There was a lot of attacks and threat on bitcoins from various governments and organisations. This attack brought a lot of negative sentiments to the market which has been the reason why the price keep going down. We have most part of 2018 to be bearish and hope that the rally will soon starts to take us to the end of the year.
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I do not believe that presently that bitcoin mining is consuming much energy because the level of usage of bitcoin is still low worldwide and besides there are other cheaper way to source for energy when we look towards renewal energy source. The solar and wind will be of advantage to bitcoin miners.
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The experienced crypto traders are conversant with nature of the market and the volatile nature of the business and they are not moved because there will always be correction. In fact it is time to make money for some veteran traders. The market will soon reverse and trend back up north.
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We have remain with the bearish tendency in the market for most part of the year but keenly i noticed that bitcoin is yet to break the support of $6k and has remain above that support level and I think that any moment from now we will see the reversal and the rally commence.
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The banks are aware that blockchain is the way forward the earlier they key in the better for then and their jobs. Blockchain has a lot of advantage over normal ledger the banks are using because bitcoin is decentralized and the record are immutable and it is not with a particular person control.
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Airdrop has been a source of so much concern to bounty hunters. Some are scams while others if when they pay will not worth more than 5$ which is not worth the gas needed to withdraw it. Then it has been another hacking method which accounts are being compromised. They will send a phishing email of which once you click the link your private key is gone with them and your account is naked to them. the best is to avoid airdrops totally.
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