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It's normal to see people compare it, as a user of course you need to compare which is the best transaction system is the best, compare doesn't mean that the product is bad, sometimes we compare to see which one is the best to used in the current situation, and I don't think there will be any legal protection in using bitcoin, but its also means that there won't be any third party nagging about your transaction, so far for me bitcoin offer something interesting and I think its one of the best payment option
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I think we got enough stable coin, tether already really useful, we do need some but we don't need a lot, volatility is the part of crypto, investors and traders like crypto because the price fluctuate a lot, so they can make profit and when the market situation is not supportive they can put the money into tether to avoid huge lost
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Gambling is supposed for fun and not spending the money that you need for daily needs because most of the time you will end up losing money, if you gambling to make profit then you will fall in addiction, and you need to control yourself from falling into addiction, without a good mindset its not recommended to gamble
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Bear market is the best time to buy and hoard coins, but you need to think about the coin potential and the term of investment and if you are not really a good trader then don't try to trade, many newbies try to trade in bear market and end up losing a lot of money, just hold and be patience until the trend turnover
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Any price is possible because its decentralised, so the price depend on the supply and demand, and I think it's not that easy to manipulate the price, I know that some whales were try to manipulate the price previously, and they succeed, but in the future when more people are using bitcoin and mass adoption is happening then it wont be that easy to manipulate anymore
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I have read so many times where people keep saying that "all time is good for investment".
Personally, I disagree with that statement, and I believe when you look at it from my prism you will also agree with me.
Take a look at this scenario and judge for yourself.
Mr March is a newbie in cryptosphere and he has $2000 he would want to invest in Cryptocurrency.
He also plan using the $2000 to sort out some financial needs in a months time.
After going through his friends suggestion regarding the coin he should invest on.....he went for April coin.
On checking the market price of April coin, it was discovered that the price is at it's all time high.
The coin was $3 before but $10 now.
Considering he only want to do a month investment.
Will it then be wise to ask him to buy the coin at the present price or wait for the price to fall ?
Do you still believe that all time is good for investment?
Thank you.
Okay there are several mistake, first of all using your money for daily need for trading is a big mistake, sometimes the market is unpredictable and you need to hold the coin for longer, and you may consider your friends recommendation but in the end you need to do your own research, and as long as the coin is fluctuative then there is a chance to make money, in bear market you need to have more experience and understand better about the market to make profit, its harder but not impossible |
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I ever recover big bet, but not in online games this was happened in traditional casino, where I had been down almost 3000$ playing roulette, it was the day where my luck not on my side and the greed also control me, I try the martingale technique on the game and keep on losing, and my mind keep on telling me to bet one more and one more, after losing huge amount, I take some time to calm down and back to the casino, and I was able to recover my lost, but my greed make me lose even worse, I thought my luck finally on my side and bet recklessly, in the end I lost 4000$
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I see the potential of the coin, what is the roadmap and the plannning from the developers, alt coin could be a good investment but it need a thorough research, because of the cheap price alt coin price got a bigger chance to has a fast rising price, but it also got the tendency become useless coin, so invest in alt coin contain a big risk
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If you are not really experience and know the market situation then its better to stop trading, its still possible to make a profit despite the bear market condition, when the market still fluctuative then the chance to make profit still exist, but in bear market the difficulty of making profit is increasing, once you make the wrong move the lost could be fatal
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Well it's great to see such a big company want to adopt bitcoin and surely it could bring a positive impact to crypto, but I wonder what would happen to the countries that banned bitcoin, it sure going to be a big challenge, but hopefully this news is true so we are more and more toward mass adoption
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Its interesting, but I think it's true many ICO now turned to scam because the developers are tempted to see how easy to gather money from ICO, nowadays not many ICO legit and ICO reputation already falling down deeply, people now see ICO as the place to make profit, not as a technology or project that could make transaction become easier
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We actually need more investors, the feature and the technology of bitcoin for now is enough for people to do transaction and without the lightning we can achieve 6k,the problems now lies in the adoption and investors, I don't see people ever complain again about the speed of the transaction, so I don't think the lightning network is one of the factor that could trigger bull market
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Patience is very important element, but there are other element that we need to consider like the potential of rising for long term and how bad is the market situation, I think we need to be flexible about investing in crypto, when something looks not too good sometimes its better to cutloss rather than wait
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It could be, some of the people I knew did that, when they face certain probkem they will go to gambling to forget the problem, most of them are broken home trauma, but the percentage is very small usually people become addicted to gambling due to the greed and can't accept losing
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For now it maybe seem like a alot of problems to adopting bitcoin, that's why the government and researchers need to do their best, it's only about time to solve all the problem, economic problem could be solve by regulating and maybe controlling the transaction volume, the regulation for implementing crypto need to be flexible so the crypto could grow and the people could get the advantage of crypto, some of the countries already adopting crypto maybe it could be a reference for other countries
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Its true that gambling is the fastest way to double your money, unfortunately its also the fastest way to lose your money and the bad news is with house edge your winning chance become smaller, that is why you are going to see that total bet is always bigger than toral win, although not all the times people lose in gambling but most of the time they did
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It does look almost the same, but it wont guarantee that bitcoin is going to move based on history, the market and the price had change so much, so I don't think we should rely in the history chart anymore, if we could attract big investors and adoption then we could make bitcoin grow better, we don't need any chart to compare but we need more action
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I think some of them truly need the kyc because they want to prevent cheaters but some of them are shady, I never join any project that require kyc, I think my identity is very valuable and if somebody misused it then it can cause a very big problem, we already see so many identity theft that happen on Internet, crypto suppose to be anonymous even the coin developer never show us the legal documents so I don't think we need to submit the kyc
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I think it depends on how people see it, some say its blessing because all the coin become more affordable, some said it's bad because they bought it at peak and until now there is no sign the price is going to reach that level again, for me I think it's a blessing because I like to see the price become more stable, the rising is slow but stable, the rush rising is going to create major correction and that could scare away the potential investors
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Well I think this is the way of cebtral bank to try to sabotage crypto and its a normal thing for me, central bank is afraid of crypto, so they spread rumours and everything to stop bitcoin adoption and development, if bitcoin is a ponzi then no investors will want to buy and hold, the truth is bitcoin had already help so many people financially and make a lot of people rich, it is hard to explain bitcoin to someone who doesn't want to open their mind, just let it be, one day the person will realise how great and useful is bitcoin
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