There's no doubt that we need to have up and down movement in the value of both bitcoin and altcoin as the cryptocurrency market is volatile, but it's not a good idea to invest in altcoin that has the tendency to move ridiculously high or low, because there's a possibility that the market of that coin is being manipulated.
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I have this belief that it's difficult to excel in this space without making some mistakes. I'll say, it's better we see our mistakes as the necessary experience which are to guide us through the process of getting to understand the cryptocurrency industry. In fact, it's only a mistake, if we don't learn from the experience.
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It's always better to store cryptos on wallets that gives you 100% access to your funds. With the rate at which cryptocurrency exchange are been hacked this days, you never can tell which wallet provider would be next. I had to learn my lesson the had way few months ago when EterbaseExchange was hacked and I'm still praying that everything comes back to normal because I have some funds on the exchange.
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The thought of hearing that an exchange has been hacked is scary owing to the fact that it makes one gel) realise that all exchange are susceptible to hack. I have always seen kucoin as a big exchange which is global in nature. I expect that the exchange would put all the right machinery in place to ensure that issues of this nature does not repeat itself.
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Etn has a good use case as it strives to reach out to several people without access to digital currency. But I feel Ripple is more grounded and has a wider reach considering its partnership, popularity and dominance of the market. I understand we may not have seen a substantial increase in the value of these projects, but I believe they are making impact in one way or another.
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I get uncomfortable with bounties that are promoted by new accounts. I feel there's something fishy especially when the reward is in ethereum and the tasks includes social media campaigns. I feel it may be floated to get followers and later change the project account to personal account. I'm more comfortable with a high level account being bounty manager.
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Most of the coins that rise fast and fall fast are all junk altcoins and quite risky to invest in them, most likely they will go down and never rise again. Good coins often have small gains or losses and are often listed on major and reputable exchanges. If you want to find a coin that has a fast increase and a decrease, just check coinmacketcap, there are many such coins there.
Yes, that's true. Most of the coins that experience sharp increase and decrease are been pumped and they may end up dumping forever. Its best to stick with more popular and reputable projects like bitcoin, ethereum, bnb and other good projects with long term potential. I would rather stick to one good project than waste my funds with several worthless projects.
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There's no perfect airdrop, nowadays because every airdrop requires you to do something, at least you need to fill the form and carry out some simple task like following their social media handles and joining the project telegram group. Airdrop are usually meant for the community and one needs to identify with the projects community Inorder to get the tokens.
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No matter what the update is, i doubt if LTC will ever pass the 100usd price mark. Litecoin usage is gradually declined and investors are shifting attention to other payment tokens like ripple. Ampleforth is even doing better. Litecoin has never make any meaningful progress for the past 2 years.
I agree with you, I've been holding litecoin for about a year now and I can't remember the last time we had a substantial increase in the value of litecoin. In most cases, there's a little ups and downs which doesn't necessarily bring any difference as as such its not worth the sales.
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For Newbie How check Which bounty program is good or which one is Scammed and i have heard that many good ICO still not launching there coins
Even as much as it could be difficult to know all the qualities that are ascribed to a good project, one could make use of some of the rudimentary features of a project which is worth our time when participating in bounties. One of such is the whitepaper review, going through the white paper gives one the perspective of the project as it relates to the cryptocurrency industry and the possibility of such use case.. A whitepaper that was copied from another project is a red flag.
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I'm personally of the opinion that we could have the next bull run to start from this year and extend to next year. We witnessed a substantial increase in the value of Bitcoin towards the end of the year 2017 and it extended to early part of year 2018. We could have similar scenario this year. I understand that the year may seem to calm to mark another significant increase, but it's possible.
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My portfolio has experienced a gradual reduction as I had to sell some cryptocurrency to keep my body and soul together. This year hasn't been very good for my offline business and my portfolio has been very helpful in cushioning the effect of the reduction in income. I'm glad that I had something to live off despite the fact that the economy hasn't been very friendly this year.
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I must confess that binance is indeed making great progress in the cryptocurrency space. I learnt about the binance smart chain and it feels like binance is building capacity to become a worthy competitor for ethereum. Ethereum needs to buckle down and get serious with the project, if not it would be relegated. The loop holes in the ethereum blockchain needs to be corrected and the ethereum 2.0 project should be set in place, it's been unduly delayed.
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In this space, its virtually impossible to know the exact time to buy. Some persons prefer buying low and selling high, but atimes the value of the tokens may be on the verge of extinction and buying low could make one a bag holder of shit tokens. There's no doubt that atimes, this strategy could make one earn maximum income because the project may recover from her depression and face the moon. In every situation, its best to invest only what you can afford to loose.
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I'm yet to understand how bitcoin cash became the shadow of herself. The value of Bitcoin cash was once very impressive, especially the period after it was forked out of Bitcoin. Most millionaires emerged as bitcoin cash was earned based on the bitcoin one holds. It would be great to see bitcoin cash rise again, even though it may be quite difficult now.
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Uniswap is a decentralized exchange and that gives everyone the opportunity to list their tokens without meeting any tedious conditions. Due to this freedom of entry and exit on the platform, several scam tokens would emerge to take advantage of the gullibility and greed of investors who want to make maximum returns.
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One truth is that prices or value of cryptocurrencies as well as the market capitalisation of cryptos can be easily manipulated for a while to get the desired result for the developers and project owners. But this manipulations cannot stand the test of time. That explains why the value is only held up for a short while, after which they would go to where they really belong. One of the prevalent way of manipulations is restriction of circulating supply.
I was recently following a new project whose value was spiking after the tokensale and the project was listing across several exchanges, upon careful investigation, I found out that the tokens purchased by the investors are yet to be distributed and its been unduly delayed by the developers so as to get the desired result and get more persons to fall for the bait.
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Am I eligible to claim airdropped that UNI if I have traded uni in binance and have been trading since sept 27..I have no wallet except that binance wallet..TIA for those who will reply
Uni tokens can only be claim if you are liquidity provider of uni exchange and not from binance. Means you should have old trade from uni exchange before you can claim the 400 free uni tokens, binance add those tokens because they know that it has liquidity that will add more volume in thier exchange and they are not related to uniswap . I guess trading on Uniswap is synonymous to providing liquidity on Uniswap. I remember several people benefitted from the airdrop, it's a bit confusing when I hear providing liquidity on Uniswap because it feels like something that requires a lot of money. I'm yet to get acquainted with Uniswap, I'm kind off sceptical about joining the defi hype now because it may be too late and I'll get myself burnt.
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It feels really devastating reading that kucoin has been hacked. I'm only happy that the hack would not affect the users funds, but 157 million dollars is not a small sum to walk over. Something really needs to be done about these incessant hacks. It's less than a month since we heard EterbaseExchange was hacked. I'm really not finding this hack issue funny. Every exchange should guard their assets more this period.
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