You need to set limit to earn and avoid huge future losses everything is gamble, the volatility of the market is very unpredictable. You can apply and learn from different crypto traders the basic trading or apply own ability to set your own rules. You need to mentally ready to deal the ups and down of the market.
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Maybe, its not far off the possibilities. If things go well, why wouldnt they venture on something bigger? If they could live up to the hype theyre on right now, that would be nice and if they could reach something bigger, that would be great.
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Indeed some project riding the hype of defi, we all know where they going like what happened to ICO hyped everything eventually dump or losses its value. People should be wary before investing or diving into defi hype, there are some defi project which is good but most defis are all hyped.
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It's free money, I would invest it to some low marketcap coin and hodl. 1 Eth is not that big but it can gain value, I might also hold just ethereum itself hoping it could rise same as its ATH before withdrawing it and buy a new gaming rig.
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You should have set a limit when to stop losses. Crypto overall is very unpredictable and anyone can earn thousand to millions in a day also anyone can burn all there money invested, I hope you recovered your losses since market now is recovering, never fall for FOMO invest wisely, and only invest what you can afford to lose.
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100k?! imposible, BTC is struggling to get the $15k, how much more the $100k level. its purely a dream which is impossible to achieve by now.. We should be happy if BTC will reach $15K to $20K within this year. many people including myself are optimistic that this range will be realized before the 2020 calendar will end. Currently, BTC is traded at $11k and has gaining support to hold the position.
Whats your basis of being impossible? When bitcoin was created nobody was expecting it could hit 15k, dont limit your possibilites we all know anything could happen, bitcoin volatility is very unpredictable.
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Im holding on some ripple right now. Besides bitcoin its one of the first coins i became familiar with. Its been a long time since ripple's been around, tho its market now is not as big as it was before.
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I mean the whole thing of trading is to circulate the money afterall. Hoarding all these alts and just missing out on the opportunity of cashing them just for hoarding it is a loss. I believe if you think youve past the point of having a decent profit, you should sell the coins. Waiting for it too hard just for it to drop down is another kind of low.
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People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.
Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins
I mean i think most of the people that grew with crypto understands this already. Its kinda impossible to stay in the trading industry if youre impatient.
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#DeFi
Fortunes will be made during this 2020 #DeFi craze, and also fortunes will be lost. Will you be the investor that made that fortune or not?
$ETH, $LINK, $BAND, $KAVA, $JST, $ORN How do you think benefit from these Token ?
Defi is definitely making a huge wave at the current today. Projects are starting to pop up claiming to be DeFi. Along with the hype comes with opportunistic people taking advantage of this. Need to be extra careful out there.
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Innovations of ideas is good but if ideas that need improvement which are not unique or already existing needs to innovate as well, more project copy other projects ideas but deliver much more better, Unique ideas and development is interesting tho.
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As far as I know they can do a series of IEO if hardcap not met during the first one, the project can also survive with private investors if its backed by a big company. They did a bad choice doing the IEO in that small platform, they could have chosen other platform.
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There is always a risk involve whenever investing, thats why theres golden rule. Only Invest what you can afford to lose, but to take less risk, just stick to the top coins/tokens available in the market. New coins/tokens cant guarantee success even project that are backed by big names cant guarantee profit.
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Some altcoin are promising but most of them exist due to hype and money they sitting with, some team would push their project since most of them have a large chunk of the tokens circulating so for them to earn easy money they need to hype their project and sooner or later dump everything. But there is also some project that is promising and legit.
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You can secure your account by doing all security measures that is needed, like 2fa , fingerprint etc. Also secure your phone or laptop from malicious files that might able to attach some sniffing apps to duplicate all your identity. as for my own opinion I think binance security is good but still anything can happen online.
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Bounty hunters are focusing on the rewards they can get some of them make a living out of it, we cant blame all of them tho they can do whatever they want with there bounties, most of the bounty hunters dont have the patience to hold long term.
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Coronavirus is the reason why market is in very bad shape, it will be very stupid to exit because of this while others are making good choice presently, many are already saying it's the end for crypto but the fact is Bitcoin died several times in the past and it's still alive today, do not be fooled by those who don't understand the technology
I really dont know why people connects the pandemic we are in to crypto, for me it's more favorable to cryptocurrencies since the new normal would be a paperless money to avoid direct contact in this way bitcoin and other crypto could somehow compete with paperless money for payment. But still the fees compared to credit cards are still high. Cryptocurrencies is here to stay as long as people are holding it or few are still believing on it.
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In the past years in this cryptocurrency project many of has experienced had I know especially me because of some cryptocurrency project I missed to participate because of fear and doubt, as a person if you begin to look at the risk and what you have lost in the digital world you Will never get yourself involve in new crypto currency forgetting that life itself is a risk. What then is your fear in crypto?
oh the fear's just the usual. the fear that the currency wont climb of in value just as expected if its a new coin and the fear mostly of being scammed in plain view. some of these coins look promising due to their project platforms but just wont push through with their supposed goals leading for the coin useless of value.
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i actually don't agree with this one that much. true it would be nice if you got your coins from projects and not investing since there's no money from you involved. but i think we can also benefit from people buying coins. it would be a loss for us if we discourage them.
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Ethereum had long way to go it needs to compete with bitcoin dominance of market. It needs to lower its gas prices, Tho one of the top 10 coins/tokens out there I still think theres some project better than ETH did for 5 years.
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