well. if they are scam projects it is not because of they are using ethereum blockchain. it is because their teams are scammers. there is nothing that ethereum can do for it. erc20 is a token standard of ethereum only. they can not control the ones that create tokens.
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because it increased very fast at the end of last year. it was not possible them to worth that much high and valued so much only in a few months. whoever got profit started to cash out them. that is why demand decreased and prices also decreased.
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i think it is a good idea. bitcoin is loosing its power day by day. there are so many manipulations about bitcoin. ethereum is also affected by bitcoin but still stays stronger comparimng with bitcoin.
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yes i think so. but it is only teorically safer. i mean you should use a safe internet connection and you should use a totally safe non infected computer/device to connect your electronic wallet. in this case you are safer than a bank. but in any case whenever you want to exchange it you have to use a centralized exchange and take some risks again.
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i first bought bitcoin at the end of 2016. and no i haven bought when it was over 10k. it was very obvious that it would not be able to stay over 10k usd for so long. it is so bad whoever bought when it was around 20k.
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i preffer long term because of my work. i have to work in day time so i dont have enough time to follow every coin every day. that is why prefer to invest for long term projects and wat for a good bullish trend in the market.
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i think ethereum can reach over 1 k usd at the end of this year. it is very possible. but if i were you i would divide them. i would exchange them to some other altcoins as well. because ethereum is not the altcoin that can make you rich but newly borned altcoins and some icos can do that.
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well after about half of year already passed and trend was always bearish. now it is quite normal that everybody is expecting a good bullish run from bitcoin and all crypto market. but summer came and there will be people that want to cash out. i hope it does not effect the prices so much.
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actually project and team is important. if the project is unique and really providing something important for the ecosystem such as smart contracts or an exchange platform or whatever this make that altcoin valuable.
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everybody repeats the same thing. but it is very important for the community. None of those centralized exchanges are trusted. None. Binance, bittrex, poloniex whatever. using them is extremely risky. until a decentralized exchange become dominating the market tradings, everybody is under risk.
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Hi,
Which exchange do you use and why? Best option to use fiat currencies ($, €) to buy crypto?
Thanks!
I use binance and bittrex. especially binance is very good with high volume and many good altcoins are listed there. but if you ask if it is safe or not. i dont think any of those centralized exchange platforms are safe for traders. but we dont have any other option yet.
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well, i hope this time can come soon but i dont think it will. because bitcoin is dominating the crypto market very strong. as soon as there is any changes in bitcoin trend, all crypto market suffers. so it wont be easy to change the dominance of the market.
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anything can be hacked. any software any computer. especially if your computer is infected by a virus or a trojan, other people can connect to your cryptocurrency wallet. you can stay in safer side by using a hardware wallet such as trezor or ledger.
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you can not understand it by reading whitepaper easily. the best way is to check the team and advisors. if they are known people and has a strong background and experience you can trust in project, if there is noone known it may possibly be a scam.
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it is good that you could understand the importance of real job before loosing it. crypto market is full of opportunities and it can make you rich but it is only a possibility. there is another possibility that you can loose all. so better to trade only in free time with small amounts.
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there is no answer for this question. there are popular centralized exchanges at the moment. such as binance, bittrex. they are ok with trading volumes etc. but they are not enough safe for traders. so it is hard to announce them as best exchange
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yeah true. i dont like kyc procedures at all. crypto investments supposed to be anonymous. that is why many people interest in crypto market. but when we give our personal informations to invest, it is too meaningless. there are so many people using fake identities because of this reason.
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it is quite normal to compare them if you are an investor. all of the are based on blockchain technology. some are using different blockchains with different capacity, size and speed. but the truth is most of the people here are investors so it is quite normal to ask which one is more profitable.
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it depends. but it is a truth that it is very hard to join icos of good projects nowadays. because it is hard to pass the kyc even if you pass, it is very hard to get good amount of tokens because of there are so many participants. sometimes it is better to wait till it is listed and collect from exchanges.
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for the project, yes it is important. it is the result of the project so their main aim must be a good product. but as am investor product is not so much important for me, i care about the team and community. if they are good i can invest even the product is not perfect.
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