Good suggestion for investors and bounty hunters. Yes there are several ways where we can cut our losses and earn as much as we can. One of them is I think research. Researching will allow you to view everything about the project you are going to invest in. You will also know to some extent whether the project is genuine or fake. Another way is look at the project team. Also view the project rating as well.
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Reports say that many of scammers are openly cheating bounty hunters and investors. But only little of them have faced action. It means there are lax regulations. I give you another fraud exchange, BiteBTC, which has scammed hundreds of investors of million of rupees. But surprisingly, they are running their scam business without being caught. Complaints have been lodged against the exchange. But no action has been taken against it. The question what is preventing such scammers from being booked?
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I am a newcomer in the world of cryptocurrency. So I do not know much about the ways cryptocurrency works. Ever since I entered the crypto market, I heard about bitcoin and ethereum. So these coins have made deep impressions in my mind. It may not be only the reason for me to appreciate ethereum. Ethereum has a solid team and technology. Almost all coins in the market is still dependent on its blockchain. So it is also important in terms of investment.
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Holding good coins will give profits no matter what. But you have mentioned only binance coin. There are many coins that have not increased in price the way BNB does. You are right BNB peaked at $25 not so long ago, and it fell down to $5 again and now is trading at around $19. But what about other coins, lets talk about bitcoin, this coin reached $ 20000 once but for a short period. Then it fell to $3700, now struggling at $5000. But the market is becoming stable. There is less possibility for the coin to reach $20000 again due to stability of the market. I think BNB is such a product that is rising despite the bearish trend. All other good coins may not have such fate.
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Fud, market manipulation, predictions are bad things in the world of crypto I think. And we must avoid these things to our possible level. But we are human beings so we get overwhelmed by these factors some times. Our trend is like we follow the coin when its price vertically increase. But we do not look at factors behind its price increase. We do not research on the coin. We just follow it. It may ultimately harm or make us get into loss. So we must research before investing.
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I think it is better time to invest but in only good coins. What is the point to invest in dump coins? There will not be any good time to invest in bad coins. The market is very much down with most of the coins going down in prices to their maximum level. And the year of 2019 has also kick-started with good sings of market recovery. It means the year is comparatively good for cryptocurrency. So this is the best time to buy coins.
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Investors and crypto enthusiasts are waiting for this surge in coins for long. The year, 2018 was in pain as the market did not see much progress. Likewise, the year was considered to be the year of regulation efforts. Regulation efforts were considered to be a cause behind the free fall of the market. But with the beginning of the year of 2019, a new hope has arrived for investors with coins like ethereum, litecoin, bitcoin recovering and increasing in prices.
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To be fair, many of investors and bounty hunters do not go through whitepaper thoroughly before investing or working for a project. As a result, they are knowingly or unknowingly supporting shit coins. Such bad trend will sometime lead to a great loss. Sometime advertisement and peer-to-peer pressure work out. People are attracted to a shit coin with pressure from friends. So it is necessary for all to read whitepaper beforehand.
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I think XRP has already beaten ethereum, albeit for a short period. It will be very much difficult to pick a coin between ripple and ethereum to me as both has a promising future and very much potential coins besides bitcoin. The team of ripple is very much active and dynamic which is making its every effort to make the project a success. And ethereum is also equally good. But my tilt is more towards ripple.
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I think every project has its own unique way to collect money so as to support its idea. Some project has many to offer beforehand so as to convince investors while others do so only after ICOs. But the better idea for a project I think is to show the 'products' it has beforehand so as to convince that it has much potentiality to do in the future. So products like promotional events, and other things are so important.
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Hard work will ultimately lead you to a success. But if you mix up hard work with research, then it will be a fabulous way to get a success. In case of cryptocurrency, it is unavoidable thing that one needs to do research in order to avoid being cheated. It means research is very much important in the sphere of cryptocurrenc. If you are going to invest or work as a bounty hunter, you should definitely research about the project you are going to connect with.
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It seems bull market has started. There was a time when bitcoin hit $20000 when many traders were happy as they got income by multiple times from their investment. As people said the year of 2018 was the year of regulations, which to some extent had affected the market. But they said the year 2019 is a good year for cryptocurrency, and I think their prediction are proving.
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Greed is one of the bad aspects of human life. If you get something you want more of it. And as a result of wanting more and more, you may lead to a great loss. So try to be patient as progress does not occur overnight. It will take time. So will apply in cryptocurrency as well. Take step by step.
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As the market is getting stronger and stable, it is right time to buy altcoins. We can see the entire market in the green showing the indication that coins have started increasing in prices. So it means if you do not buy coins at this time when coins have gone down significantly in prices, you will lose the opportunity to reap much benefit. In the next one month, lets say, almost all good coins will increase by at least 10 percent in prices.
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People love or hate it, cryptocurrency will become future of us and the indication has started taking place. Unlike in the past when many authorities and people would look down upon cryptocurrency and go to the extent of banning it, the same people have started accepting it. For example Facebook is considering to produce its own digital currency. Likewise, others are also seeing future in cryptocurrency.
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Courage comes from experience. It means if you are experienced in any subject, you can go ahead with it confidently. In case of cryptocurrency, you should need to learn about crypto and trading knowledge so as to generate courage. You are right that courage will lead to your success. Courage means I think taking risks. But one should not be too much courageous so that he or she would go out of track and face much difficult situation. So stay courageous and learn crypto trading.
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Raising funds for a good cause through ICO is a good trend if the project is not a scammer. Envisaging an idea and going for it is a good idea. But the trend in the market is such that a fake project collects money through ICO and run away. I am not saying that all projects are fake. Some are really good which would make changes in the lives of the people around the world. And establishing such project through ICO is a good move.
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Knowing oneself is a major achievement you get in your life. If one believes in oneself rather than depending on others to take decision, he or she maybe on the way to a success. In cryptocurrency world, one should not trust others blindly. There are many so called crypto experts in the market offering free advice or predicting everything relating to cryptocurrency. Instead of believing them, you should research yourself and go ahead accordingly.
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I am not into it to be exact. What is the thing for me is that now I am just on a mission to just collect as much as coins I could in order to increase my portfolios. My primary concern used to be just making money from coins. But my sphere has just increased from just earning money to my hobby to collect as more coins as I can. I love collecting different kinds of coins. So far I have stored my coins in different wallets. But I will definitely think over the issue you have raised.
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You may be right partly. But I do not think exactly the same will happen. I have seen a better future of cryptocurrency right in the near future, we do not have to wait for 5 years for this to happen. We can see the market succeeding with all coins in the green. Unlike in the past, the market is becoming stable and even stronger and authorities are also concerned to regulate it, which is a good step for it. So lets hope for its betterment.
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