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Telegram campaign
Telegram username : @wonderbarthsnr
Eth wallet : 0xc6228DAE90e1bB0041cc967bDD4901ac0C487f5E
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Telegram package
Start date : 25/08/2018 End date : 25/09/2018
Telegram username : godraphael
Eth wallet : 0xc6228DAE90e1bB0041cc967bDD4901ac0C487f5E
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The gross volatility of cryptocurrency makes it possible for prices to rise and fall anytime. The current market dip provides an opportunity to buy and hold more altcoins but only the potential ones. The market will definitely recover soon but I'll advice you be cautious and carefully selective with the altcoins you buy because not all have the potentials to rise in value when the market goes back up.
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The truth is, not all altcoins have the potentials to recover their initial value after going on a long dip, most of them will die totally, but some of them will definitely end up higher than they used to be, the potential once like cardano, tron etc. all you've got to is be patient.
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Ethereum is already according to coinmarketcap next to bitcoin in terms of market cap. ETH is growing very fast and has showed lots of potentials and value with almost all other altcoins adopting it as payment currency across the crypto world, but realistically, it'll take ETH a lot more time to reach the $19k margin perhaps that'll be when BTC reaches $80k+, I think it's possible but also difficult.
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There are lots of steps to take. Personally, I start from reading the whitepaper, analyzing the economic value and technicality of the coin, I move to the team, advisors and developers, try to do enough research on them, study the roadmap closely to determine the future plans and development of the project and most importantly, I follow my instincts because your researches won't always guarantee you 100% result, sometimes you might be right and other times you could also be wrong.
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The bear market so far has been nothing but heartbreaking and has caused fear and panic, that not withstanding, a whole lots of traders have made good profits from the current instability. We all are patiently waiting for a bull run but I think $25k and $5k for BTC and ETH respectively is too unrealistic for the end of 2018 target.. The market is currently not showing signs of a potential growth, we are experiencing more dips with every passing day. We might see a bullish market again but probably not as big as 2017.
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In crypto coins, next to BTC is ETH. I believe so much in ethereum and i don't think it'll fall beyond recoverable. Eth is already a widely accepted payment token in cryptocurrency, making it difficult for it to fade away and it's price is dependent on BTC. When BTC goes back up, ETH will follow closely.
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I would suggest you split your investment on both. Btc and Eth have close similarities being powered and enabled by the blockchain technology. In terms of stability and less volatility, bitcoin definitely comes top,being a more established cryptocurrency. Eth on the other hand has potentials and is widely an accepted payment currency for most altcoins. Investing in both ain't bad but I'd pick bitcoin anyday.
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I think IMO, that more than 80% of crypto coin will eventually fade away. There are lots of coin in the market currently and not all of them have potentials to be accepted in the long run. For a coin to survive, a lot depends on its economic importance and value. This current dip will see a lot of coin die because those coin without potential will never attain any value again.
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In this game, the best thing is for you is to draft out a plan/strategy and play by your own rules. A strategy that works for me might not work for you. Knowing how to read the chat goes a long way in helping you know when to sell and when to keep holding. Personally, I'm not too greedy, I have a price target for all my altcoins and once they hit that target, I sell off, depending I have the feeling they won't go higher, but in cases where prices crash, I hold for as long as possible if I believe the coin has potentials to bull again, but if not, I cut lose when it crashes to a point where I'll lose very little or nothing.
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There is actually no guaranteed way of knowing a valuable coin but there are processes to help narrow down your confusions. Doing your own research by carefully studying the whitepaper, knowing the team, developers or advisors of that project and most importantly getting to the know the economic value of that coin in the long run. The popularity of the coin, it's market value and roadmap will give you insights as to how valuable that coin will be in the future.
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Having the ability to understand to an extent how the crypto market works goes a long way in helping investors make rational choices when the market is down. A good crypto plan and strategy helps a lot. Doing researches, knowing the potential of all the coin you hold is a big step to not panic sell, analyzing the value of cheap coins in the market also helps to avoid panic buys. The fear of losing has made so many people end up with huge loses. Making profits from panic buy and sell is not guaranteed and depends absolutely on luck and a good crypto analysis and plan.
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Not being able to make decisions is not a good quality when dealing with cryptocurrency. Having you own strategy and ideas will go a long way if you don't wanna lose. Don't always make conclusions based on developers or other experts, their predictions can be helpful to an extent and is not always right, do your own research, draw out your plan and decide if the coin you have is worth holding for long term or is better off being sold at the current price.
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It is very difficult and probably close to impossible to be able to detect a scam project beforehand. However, there's really no scam cryptocurrency, coins with poor project planning only loses value with time. The best thing in this case is to do a lot of research and know the potentials of the coin you wanna invest in. But, In as much as a coin is listed on exchanges and is also tradable, then it's not a scam. Devaluation doesn't mean illegitimacy. If you talk about scam ICOs and bounties, I'll agree with that but not scam crypto.
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Airdrops are basically marketing tools to expose an ICO to investors.. Gone are the days when airdrops used to bring substantial income. Nowadays, airdrops ain't worth it anymore. Scam projects are everywhere and when you even participate in legit once, the return sometimes are too poor. Airdrops don't give big earnings anymore, I will suggest you try bounty campaigns such as signature and media campaigns. Airdrops ain't worth wasting time on, I'll only recommend airdrops to newbies, just for them to understand from the basis what crypto is all about.
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