I accidentally click some bitcoin ads last year and that made me so curious about this cryptocurrency. Though I've met bitcoin too late, I am still fortunate that I've given a chance to be a part of this growing and successful blockchain technology. I didn't regret that the price of bitcoin now is higher than the past years. The thing is, I am able to use bitcoin, been able to trade and earn profits and can share this technology with my immediate family.
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From the same link you posted above: Binance will use the #SAFU fund to cover this incident in full. No user funds will be affected. In as much that their security has been breached, people are not concerned about them using SAFU fund to cover the funds stolen. People will be withdrawing all their coins from their platform to keep their funds safe from any future hacks. Its quite surprising to see Binance been hacked with all their security measures and protocols. I've been thinking that, too. Many traders of binance will eventually withdrawing and/or pulling out their fund after this hacking issues. The trust and reputation of a big and established exchange like binance are already ruined. Let's just face that. Even if they will gonna repay the hacked amount or repay the btc amount, the issue here is that it wasn't secure at all and that we shouldn't let our btc fund left in any exchange.
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Let a newbie understand first how the blockchain technology works and what is cryptocurrency. If they put an attention and been able to voluntarily seek help with us. Then that is the time we have to give advices and help them with their journey. It is easy to understand the bitcoin's price since it is volatile but it is not necessarily to introduce bitcoin based on the current price. It will just lead them to confusions and vague.
Willingness to enter cryprocurrency is a good sign that they are very interested to learn.
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Why not? $8,000 is near to reach. But there are still many corrections that will gonna happen before achieving that price. There are so much predictions that $6,000 will be the price of bitcoin in a few months so i must say that the market recovery is soon and will get back to $8,000. After all, we've been through a lot of bear trends. It's time now to experienced the big bull.
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I think only some useless altcoins will die.
Do you think all altcoins will die if bitcoin reach $100k?
You can say that. We have the same perception. Not all altcoins will become useless. If bitcoin will reach $100,000, some investors will turned their back with the altcoins which are worthless and be focused on the bitcoin only. But not with the top performing and great potentially altcoins like eth, xrp, bnb, etc. Those will not gonna die even if bitcoin will reach that certain amount.
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I was firstly very much interested in the title of your thread since I was very weak at budgeting. You're so lucky you bought a motorcycle with your gambling profits. Looks like you are so systematize and organize with the money management. I was just surprised that there some kind of things like this. I've learned something from this. Thanks for sharing, man. Crypto Budgeting is something we have to integrate.
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The price of bitcoin from the past months was at $3,000. If you have that doubt with altcoins, it's better if you have sell all of your altcoins back then and then bought 1 bitcoin when it was at the lowest price. See the price of btc now, almost $6k . So if you transferred your altcoin into bitcoin, you had 50% profits by now. Anyway, at the end of the day it will be your own decision after all.
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I think you have to move this thread to the bitcoin or speculation section. Anyhow, taking the profit is the smart thing to do as a trader and/or buy another btc or any other coin from your profits. What I usually do is to buy another coin out of my profits or transfer my profits to my gambling website and serves it as my fund or add that profit from my capital in margin trading.
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They said Haters gonna hate. Let us being realistic with it. Investor will be slightly shaken with this kind of negative news, thus will got to affect the price of BNB coin and will affecr somehow the reputation of a particular exchange. Otherwise, if it doesn't prove anything about the laundering issues then it will still remain as an accusation only.
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Am I on the right path? I'm here to invest in crypto but since I don't have money to invest I want to start hunting for bounties and airdrops and from there I can use the money to buy better popular coins and tokens ,any chance that these can be achievable ?
You're here to invest but don't have money to invest? What's that? Seems contradictory. Anyhow, there are still legit airdrops and social media campaigns that fits your rank. If you don't want to use your money, offer some services here in forum like writing crypto articles, etc. Some gambling sites also offer bonuses or some faucets to begin with. But don't forget that with all the advices here, begin with a simple task with minimal risk. Focus on your goal, buddy. If other members can, then you can do it too.
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With the growth of the internet uses and ICO project, there are a lot of scam and fraud acts. But, I am against death penalty. ICO scams is under the Cybercrime law which does not cover heavy penalty like death penalty. There is so called, "a second chance" for those who do the scam thing just like thief and stafa. Let them just go to the jail and pay for their sin for them to realize their mistakes.
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Let us become optimistic. I bought steem at $0.35 before and so far when pump comes I still gain profits from it. Steem is a good project but it doesn't take away the fact that it is an altcoin that may dump and may pump. It is just natural that a certain coin will be cold as ice when they are not talking about it anymore but there are still investors like us who bought it so don't worry about it and buy some of it.
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A trader whether he is a new or an expert trader usually suffering from this natural feeling-Greed. We have to remember that the crypto market is so volatile and that the greed is unhealthy when we are doing some trades. The market shows no pity to the greed traders. If you want to become a successful trader, you have to overcome this kind of obstacle. Self control is the main key.
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You can not certainly control an investor not to buy bitcoin cash to save bitcoin. It doesn't affect the price of bitcoin. I mean, I believe there is something else or other reasons why we experienced bearish market. Yes, it is something that demand and supply of btc can only explain. Also, bitcoin cash will not to be the talk of the town for the long time and it will surely subside. So, let us not panic about bch that will replace bitcoin. It will not gonna happen.
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You have the right path. Join some bounties here like social media staking for a newbie like you. But sadly, for you to be able to join any signature campaigns, you have to gain merit and rank up at least to member rank to join some signature campaigns. Or if you are capable in writing an article or making a youtube videos, you can earn crypto coins by joining.
You are on a right track. You just have to be focused and determined to achieve your specific goal and always DYOR. There are so much opportunities here.
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Got a chance to watch the video, thanks to you. Seems like he is really a loyal supportive of bitcoin since then. Glad that there are some kind of people like him who make an effort to compose such a poet dedicated to bitcoin. If it was uploaded at 2010 and had some bitcoins with that price before, he sure is a millionare by now. Lol.
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Here's the main reason for all of your questions: INCOME Tey do not want to visit the newbie section because they only want to receive rewards and not to learn. They only want to gain income for their expenses through bounty rewards and they are just satisfied with token stakes by social media promotions, etc. But if you are willing to learn, you have a willingness to browse and read the useful sections here in forum to at least expand and maximize your knowledge. Unluckily, they aren't aware of that.
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There are a lot of trading tips on how to crypto trade. If a newbie will read this thread, they will definitely have difficulty in understanding it. Basic knowledge in trading is the first step to learn. Btt forum and youtube will help you,too. Fundamental and technical analysis is a great help to earn profits. Try this website on basic trading tips.
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I can tell you that it is not worth to mine now. It is not profitable anymore like before. But if you are really decided to proceed with mining. Always consider things like.choose potential coin to mine , the GPU and how much the electricity it consumes. Since you are a beginner, read this guide: https://www.lifewire.com/cryptocoin-mining-for-beginners-2483064Goodluck!
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This is my favorite: https://youtu.be/eqxNbGvNamY - a Love Song for Satoshi Nakamoto Bitcoin Whitepaper. Made by Naomi Brockwell. It is based on Taylor Swift's "Everything has Changed" rewritten with Love Song for Bitcoin. Actually, since I've downloaded this song already so I always played this heartfelt music and added it on my playlist.
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