If Your invested time in fulfilling some social media tasks is free than it cannot be a scam, but if You consider Your time as money than it can be a scam. We were told also at the beginning that Facebook is free for use.It ended up that nothing is for free and WE are the product. ( the users ).
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When the market get back and overpass the levels in May ( around $450 billion ) we can start talking about a start of a bullish market. Anyway it is positive but strange at the same time that the market has been risen almost $50 billion in last 5 days. ( only today $20 billion in 20 minutes) I think it is connected with the Bitcoin ETF expected decision on 10th of August. Maybe something leaked out as Coinbase also adding ERC 20 tokens to their platform, and they got green light for trading digital coins deemed to be securities. Maybe they know something coming ....Looking ahead of exciting days .
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My friends are knowing what I am doing and I have already helped many of them to enter the Crypto. Always teaching them to invest only what they can afford to lose and to make their own research , to diversify their portfolio and to look at Crypto as a long term investment with many ups and downs. And they all now that the idea of blockhain is about decentralising trust, creating open environments which are borderless and global that operate across the world. It can create opportunities for people to engage in Ecomerce and other trusted transactions in an open way without restrictions. And many more...
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I am spending quite a lot time with Crypto. Mainly trading and investing but doing some bounties as well. The most of the time I spend with researching of the ICOs and analysing the market . Trading is also time consuming and stressful and risky if You are not prepared properly.
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From the perspective of mass adoption of Crypto it is great news. Can You imagine a coin with over 2 billion monthly potential users. On the other hand we do not know what damage it could cause on the market for other Cryptocurrencies if any.
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From the perspective of mass adoption of Crypto it is great news. Can You imagine a coin with over 2 billion monthly potential users. On the other hand we do not know what damage it could cause on the market for other Cryptocurrencies if any.
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For mass adaption of cryptocurrency we need some big players to enter the market but there is long way to go as many obstacles are on the way. We need regulations for the market to be more attractive for investors.
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In the first six months of the Year we already have the same number of ICOs like we had the whole last Year with double amount of gathered money than last Year ( more than $ 13 billion collected for ICO this Year ) The common is that due to bearish market the price drops under the ICO price when coins enter the market.
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Do not sell tokens at the end of ICO as I believe in the success of it and holding until the token prise rise. Making research and analyses in which ICO to participate and that ensures that not getting shitcoins in bounties.
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In the near future I do not see which coin could replace BTC and ETH lead on the market , but I believe that in upcoming future it will happen. It is normal part of the technology progress that some new coins will appear with better tech. and characteristics. I am pretty sure that in ten Years time we will look back on today`s coins like we look back now for first mobile or first tv or automobile.
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If You are not a trader and want to invest I would divide into 3 parts: 1/3 invest in BTC. 1/3 in ETH and for the rest find a promising ICO in early stage ( private sale with high bonus ). Make Your research on ICO and if You invest in good moment You can make profit and will always have exit strategy as well if You want to invest elsewhere.
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Also as I mentioned in a previous post, be aware of scammers, participants in your bounty might try to scam you. Someone tried it on me, they made the manager change my ethereum address by impersonating me. They had a google form to fill for complaints and someone changed my address. Thankfully I always check it at the end of the bounty, you should too, always check your addresses on the spreadsheet. You should add that to your guide.
This is a very useful tip. I have never thought about that kind of scam is possible . Unfortunately, wallet address is not always visible in the spreadsheet. In some bounties it is in some bounties it is not visible . Any suggestions how can we check it in case if it is not visible in the spreadsheet ?
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Yes, this is what we are doing during trading, but the % really depends on the coin. If it is a shitcoin then selling 100 % or leaving 10 % just if miracle happens, or if it is a coin I believe will prosper, selling only 20% during rise. If it further rises than selling another 20% but leaving the majority in the bag. So, I am using different strategies to almost each coin, depending on many things. Sometimes it works, sometimes not.
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New traders has to learn the basics and get experienced in trading. Learning , studying the market making own research is important. It`s like in chess You have to learn how pieces moves, but the secret is in : how to play the game.
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Nobody brought Crypto education here or must be 10 Years old, I guess. Crypto is a new field for all us and we all learn day by day. And both educated/non-educated can learn and develop their skills in Crypto. I think Emotiional Intelligence is the most important in Crypto not the IQ as the most difficult is to control our emotions.
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Well, now with all the crypto-currencies trouble! Ripple is no exception! But, I was always embarrassed by the fact that having unlimited emissions (more than half of the released capacity of the coin developers left in their pocket), the Ripple team can throw out uncontrolled volumes of the new currency to the market, thereby regulating its rate.
Yes, definitely this is a big risk for investors of XRP . I am sure many of them even not aware of it`s risk. Many of them are hype investors who invested on rise of x10 + end of ly.
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3 Years in Crypto is like 30 Years in real life. So many developments, changes, regulations etc. happening every day that in 3 Years time we can have some new coins even not existing today in the Top coins for sure. Many shitcoins will not exist as the market will clean them up. BTC and other Top coins will still be present. The market could go x 10 and beyond.
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It is too early to make conclusions on that. In May we had total market cap of $450 billion. We have to recover to that point until early September and that could be a good base for 4Q bullish market.
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You will need having funds on different exchanges as You have to execute trades in the same time. Pay attention on liquidity, you are able to trade only if there is enough volume on both exchanges. You have to calculate the arbitrage % including the transaction fees and withdrawal fees to be a profitable trade. Arbitrage trading is not recommended for beginners as it is quite complex and many obstacles can appear on the way which a non- experienced trader heavily can sold. There are big opportunities in arbitrage trading for sure but the execution part is not easy at all but if you do it correctly practically it is a risk free profit .
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These tips are very useful for experienced traders as well not only for beginners. Reading tricks and tips helps to become a successful trader as we can avoid making mistakes others experienced earlier. But reading is not enough, we have to implement them that they become a daily trading routine in decision making process. When I started trading long time ago I read many times on many places : just buy on dip and Hodl. Later on I realised that it is important which coins I am buying (avoid low-cap and volume ones) as what goes down, does not necessarily go up again. Some coins can crash completely and never reach OTH (old time highs) again. I learned that on the hard way. That time, another surprise for me was that Crypto never sleeps and there are no weekends in trading like on traditional exchanges.
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