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For me, my family have no idea that I'm into cryptocurrencies and they have no idea what cryptocurrency is and to even think of knowing the entire crypto ecosystem. But if they did know about cryptocurrency and the entire crypto space, they will not no problem with me investing into cryptocurrencies. Its all about how you explain and present what crypto is and the ideology behind the entire ecosystem
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Honestly speaking bitcoin is the best cryptocurrency as at now in this industry. Looking at the services and the packages bitcoin offers to investors and traders, there's no doubt that bitcoin is the number one and top leading cryptocurrency.
It's not about bitcoin being the best cryptocurrency at the moment. Bitcoin will always be ranked first above any other cryptocurrency even if they are a lot of crypto coins that have faster transactions speed and easy to use. Blockchain technology is the reason why it will always be first no matter the year era we find ourselves |
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hello friend,
in 2017 I was very happy when I saw the price of Bitcoin increase in coinmarketcap because when the price of Bitcoin increases, then the price of Altcoin will immediately increase too, but for now when the price of Bitcoin increases and it does not affect for the prices of Altcoin (even still down), then when the price of Bitcoin goes down and at that time the price of Altcoin will go down too, so I do not understand the current state of the market and what is happening right now.
The basic reason why the increase in the market value Bitcoin does not really affect altcoins is that, majority of Altcoins are paired with stablecoins and have about 80% of their trading volume trading in this stablecoin with just 10% paired with Bitcoin. With this, an increase in bitcoin will not really affect the market value of these altcoins. |
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Imagine that you are a new player in the crypto world and have no idea about this topic. What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment?  If I was to be a new investor in the crypto space now, I will first spend good amount of time studying and monitoring the patterns in which the price of Bitcoin changes and try to understand the basic factors that usually influence the change in the prices of most cryptocurrencies. I will not be in a rush to invest in any crypto coin. Knowledge is the key instrument needed to have good earning profit margin whenever you invest. |
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And it will remain so for a long time.
No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.
I don't think I agree with you on this. The strength of Bitcoin is the ideology behind how it was developed and the introduction of blockchain technology into the financial. Blockchain technology is the backbone of bitcoin since it is currently the new technology transforming the world ecosystem. This is the strength of bitcoin. |
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Investing in Gold is not as profitable as it was in some decades back and looking at the bitcoin ecosystem, you can not really calculate your profit margin within a specific period of time. With these, I don't really think i will invest in either Gold or Bitcoin for a long term investment plan. I will prefer either a short term investment plan or daily trading with Bitcoin than a long term investment.
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Using a hardware wallet is the best option for the storage of big amounts of Bitcoin. But if in case you prefer a software wallet, it will be advisable to have about four wallets in order to split your amount of bitcoin in portions. And with the software wallet, using an open source wallet is the best and safest.
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Thanks for sharing this article. The best way to identify cryptocurrency scams is having knowledge and understanding the purpose of every crypto projects in the crypto space. With this, you can easily spot scam projects just by the glance of the platform or the whitepaper of the project. Knowledge is the key element needed to identify scams in the crypto ecosystem. |
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CAMPAIGNS. This thing becomes rare these days and if they have, theere are only few people who get listed. Most probably those with higher ranks or higher merit achievement.
I always woke up having 20 posts deleted almost everyday and all the comments ive posted removed because of off-topic reasons. I always end up not having a minimimum post count on my campaign and seems like my account are the only account who is monitored. Its more frustrating i guess. I feel like they do not want me to tell my opinion or something.
Signature campaigns arent that much profitable not like last year. Even i dont meet the post count every week, i still try my best to give more intellectual opinion as possible. I continue fighting
Participating in campaigns is the easiest but demanding way to easily earn bitcoin. In as much that it is not profitable, its currently the easiest way to obtain some amount of Bitcoin in the crypto ecosystem. You just have to try to understand some of the posts, that will help you create posts which will not get deleted. |
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The easiest and simple way of earning crypto within investing or mining is either participating in bounty campaigns. Bounty campaign is the only way to get crypto coins within mining or buying. But trading is also another way to increase the amount of cryptocurrency you have in your wallet.
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Since everyone keeps complaining about new exchanges getting released into crypto space i want you to know that not all these exchanges are going to be bad,many are scam exchanges and few are just here to just be a spare exchange like other exchanges we have already but
What will happen if we never knew any exchange called binance?
What if binance exchange is just getting launched into crypto space in 2019?
No one will know how good binance is going to be unless they take the risks
the fact is there is no way to know,dont get me wrong,what i meant is we shouldn't take our eye off new projects either coins,tokens or exchange projects,do research and take your shots,who knows what will happen tomorrow? NO ONE.
This is just a tip of the iceberg. There are thousands of banks operating in the entire world and new ones keeps emerging into the financial space. Just like banks, exchange platforms are the banks of the entire crypto ecosystem providing a peer to peer system for people to make transactions regarding buying and selling of crypto coins. Its not about risk taking but your basic understanding on the services provided by new exchanges launched. You can easily know the outcome of any new crypto project when you know and understand the kind of services the project will provide the entire world and the financial ecosystem. |
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Personally, I don't really think that Bitcoin is so valuable because it was first. I believe that Bitcoin is so valuable because it introduced blockchain technology and the general ideology behind its development is one the financial ecosystem needed in order to introduce financial freedom. Since Bitcoin introduced blockchain technology and the world has somehow endorsed this technology, this also influences its value massively.
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Scam projects usually do not have enough information regarding the progress and future plans of the project. They do not address any realistic problems in the crypto space and the entire world in general. They usually have fake statistics regarding what the project seems to address and usually have fake teams. The best way to identify scam projects is by reading their whitepaper into details...
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The crypto ecosystem is full of unexpected surprises in terms of instant increase in the market value of altcoins. But I think it is advisable to hodl altcoins with good market cap and volume. Such coins have a lot of potential of increasing their market value...
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Considering the crypto market, the best thing to do with $1000 is either invest in Ripple, stellar, litecoin and Ethereum or invest in new crypto projects with good working products. But investing all the $1000 into Ethereum will also be a very good investment considering that the price of ethereum might reach $500 plus before 2019 ends...
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Personally i do feel safe while investing in a binance launchpad IEO than investing in any random ico i just feel more relaxed and confident and im sure that im not going to waste my money in a fake project because binance has highest level of due diligence, research and filters to avoid bad projects so they will list only the best projects and that is something the investors want.
Well, I don't think this should be the only requirement that you think makes IEO better than ICO. In as much that Binance is hosting an IEO does not automatically qualify the project to be a good project where investors can not lose their investment capital. This exchanges can be highly influenced by the amount of money they are receiving for the hosting of the IEO. They will be tempted to host an IEO project which is offering them good amount of money without checking relevant the project is in the crypto space. The best option is to research every IEO project before investing into them. |
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Crypto investing is not based on the fact whether a particular coin is worth investing in but on how well you understand the purpose of the coin in the crypto ecosystem and how influential it is on the crypto market. Understanding and knowing this is the basic thing everybody needs to invest or buy a particular coin in the crypto space.
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IEO is the new trend and so far so good, its having some level of success in terms of patronage by investors. IEO has helped reduced the rate at which investors get scammed and has encouraged investors both new and old to invest in the crypto space. With this, most new projects want to tap into this new feature of crowdfunding introduced into the crypto space. IEO reduces the risk of getting scammed..
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The government of India banning the use of cryptocurrencies has no specific influence on the entire crypto space and ecosystem and moreover, people can easily use cryptocurrencies even if the government ban the use of it publicly. People were using cryptocurrency (Bitcoin) for a while before even governments and other officials became aware of what cryptocurrency was.
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Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
This basically shows that you don't really understand and know the risks associated with cryptocurrency trading. You joined the trading ecosystem with no strategic or plan to help you minimize the risk at which you might lose your invested capital. Please next time when joining the trading ecosystem, you should first draw out a strategic plan and try to understand some principle of crypto trading.. |
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