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It's about time XEM has a break out. For what they bring to the table I find the price of the coin is very low although their circulating/total supply may be the biggest contributing factor. Kudos to the XEM team, they have been making their investors proud with the progress that has been made thus far.
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Had I focused on holding and accumulating BTC instead of investing in and holding ALTs from the start, I would have profited a lot more to be honest. Over time the ATLs value may continue to rise steadily in fiat but decrease in satoshis as BTC gains more value. What I notice over all is, the statoshi amount outweighs the dollar amount over time. The best way to avoid this would be to hold ALTs when BTC is down and buy back into BTC when it is about to go up.
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$10K is definitely a realistic target for the end of this year. At the beginning of 2017 I never could have dreamed I would, in all seriousness, be considering much less saying this. It's mind boggling to see how far the price of Bitcoin has come. I think after it get's to $10K it may seriously grow wings and there will be no stopping it.
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You can easily double your investment with Alts in the top 20 position which are around $1 and under. I also like to go down the list (into the hundreds) to find low cap ALTs connected to a good project that have not yet been recognized by the masses. It takes a bit of work but it pays off drastically in the end. You just need to ensure the project is one that rectifies an issue, devs are actively providing updates via their various social media platforms and keeping to any timelines they set to complete tasks that will improve the project and make it easier to be adopted by the masses. There are lots of opportunities in the crypto space, being in the right place at the right has its advantages.
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The more sensible thing to do is trade it. Buy low, sell high then buy it back when it dips and keep the profits but not everyone is good at swing trading and you also have to take into consideration there are people with hundreds even thousands of bitcoins to spare so selling a few here and there won't make a dent in their reserve. The unpredictability of life can also cause someone to sell their Bitcoin. Things such as sickness, natural disasters, accidents, debt etc. Some times people need money immediately and the only option they have is to sell their BTC but at least they have an option, not everyone do.
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Faucets are more for the benefit of the owner in my opinion. You receive meager amounts for the substantial amount of fiat/crypto they earn for the ads views, delivered subconsciously for the most part, you provide to them. IF you do not have the money to invest but you do have time to spare, then it is a source (not the best) of acquiring crypto currency. The more valuable a crypto currency is the less you will receive but sometimes you can find one that will turn out to be very valuable later on and make it all worth your while.
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How will this project stand out in doing what a lot of cryptos already do?
I was wondering the same thing. There seems to be so many duplicates which bring nothing extra nor unique to the table in the cryptosphere. Apparently everybody is just trying to make a quick buck. Investors need to be so careful.
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I think quite a few billionaires and multimillionaires are invested in Bitcoin although some do not want to admit it just yet. I think they are trying to stock up on as much as they possibly can before their colleagues understand what's taking place then start investing and drive the price up even more.
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People are lined up and ready to milk the crypto community for all it is worth. Be careful.
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Passing it off as a scam back in 2012 because everyone was saying it was. I regret not digging deeper but better late than sorry.
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More and more are popping up everyday.
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