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There is hope, of course. Only certain positive events in the cryptoindustry can affect the growth of the market. Among such events, we can distinguish the launch of a crypto platform Bakkt on December 12 and the ETF approval on bitcoin. Of course there are other smaller events, but we do not take them. In general, if the launch of Bakkt will be postponed, then of course there will be no market growth, but we will see another fall or a flat.
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That's right! You need to believe in the best, but also understand the situation that is now happening. Judging from the history of trading in the crypto market, you can see that the market is cyclical and with each cycle the market went up. Based on this, if you want to make money, then you need to wait for growth. But now there are additional problems in the market, the market is very manipulative and that is what makes trading difficult.
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One of the upcoming events is the launch of the Bakkt trading platform on December 12 of this year. This platform is for institutional investors, that is, for big money and most likely, if Bakkt is launched, the market will go up. Now we are seeing a fall, most likely this is due to the fact that someone wants to buy cheaper. Especially if you look at the BTC movement on the top 100 wallets, you can see that it is a big purchase. As for the ETH, then as always it is affected by the BTC movement. In any case, we will not constantly fall, there will definitely be another increase.
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As a beginner, you need to understand what is happening in the market right now and only after that you will understand what you need to do. Right now the market is down. If we proceed from this, then it is clear that the market will go up later, and if you now invest in top coins, you can make a good profit in the future. But if you wait until the market goes up, you will most likely not be able to invest at a low price, and already at a price higher, which will not be able to give you a good profit. And most importantly, you should understand that fast money will not work, you must definitely be able to wait. And of course, do not forget about the risks associated with investing.
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I believe that the crypto market will continue to develop, and there will definitely be regulation. Different blockchain platforms are being created now and the best ones are selected from them, which will be used in different industries in the future. After three years, most likely we will already see the use of the blockchain in various government agencies and it may be possible to safely shop in both online stores and offline. Cryptocurrencies will definitely be further developed and this will be the beginning of the financial digital era.
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Yes, I know all this and I think that everything’s as if everything is bad now, but it’s necessary to continue participation in new projects. The market will go up sooner or later and the projects will start to gain momentum, and by that time enough different projects will have been completed, it will only be necessary to collect profits. As for the scammers, unfortunately we are not going anywhere from them, but we can try our best to identify them and not join their projects.
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I believe that it is better never to risk, for this you need to know future events by which you can determine what to do. As for the market, no one can say for sure what exactly will be, a further decline or growth. But oyapt, if we look at the upcoming events, for example the launch of the Bakkt platform on December 12, this news tells us that the market should react positively and go up. But it’s not December 12 yet, so we can only assume that it will be ahead.
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Personally, I don’t particularly talk about cryptocurrency and earning opportunities on it. Firstly, offline people, relatives, friends and acquaintances are not able to understand what a cryptocurrency is and why it is needed, they live by their own affairs and consider all this not a serious matter. Secondly, my friends from work, they are used to not doing anything, and if they still have to think, then it will be very difficult for them. The conclusion is that one doesn’t really want to prove or train someone for cryptocurrency, as this will be very problematic in the first place for someone who will tell the information. I believe that to make money on a cryptocurrency we need people of a special mentality who know that in this life you need to achieve everything hard work.
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I do not think that there are such platforms or sites that would guarantee that ico will be successful. In general, no one can give guarantees on investments, especially in cryptocurrency. If you find the organization or the person who will guarantee you a profit and return your funds, then most likely he is a fraudster. If we are talking about guarantees, it is only in banks or large official companies, and then usually garnatii are given for something. In the crypto industry at the moment, there can be no guarantees, on the contrary, the cryptocurrency market and ico are high risk.
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I get news from various sources. This is of course the Bitcointalk forum, hereinafter Youtube, Telegram groups and various news sites. Specifically, I can not tell you where it is best to take information, since it is different everywhere and does not always correspond to reality. Over time, I recommend that you go through different versions of news sources and choose for yourself those that you yourself consider to be necessary.
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