No doubt government influences bitcoin the most. Even now, the price is affected because of the ETF, that is, related to government aiming for regulation to an extent. In fact, at some point where the government of china took a hostile step against crypto, the price was affected.
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As I see it, there's a high chance that the low price will persist until the end of the year. The reason being, no new investors is interested in bitcoin. Last 2017, the investors that should have known bitcoin got burnt in the bull run and are either out of the market or just waiting out the dust to settle.
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If the ICO has a good concept, I believe investors would naturally be interested to put some money in it. Having a working product also is an advantage. A strong team also plays a huge role in obtaining attention since they can bring a certain level of assurance. All in all, the investor needs to have a substantial knowledge in crypto to spot hidden gems in the first place.
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The previous years were undoubtedly profitable mainly because of the favorable market conditions then. It was so profitable that even a shit ICO would earn you 500$ just by joining it's bounty. Now, that isn't the case. In addition to the unfavorable market condition, the ICO market is already saturated and no new money is flowing into this space which is why I think this will indeed persist indefinitely.
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Committing errors and learning through it make one's skin thicker. And that will be the time when they will reach new height of success. This is especially true for everyone, to anything especially in this space where all things are speculative.
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I don’t agree with you. There are also ICOs which launch exchanges. And the profit from quality exchange is fantastic. From these money they will support their tokens. Also there are other business models which can generate profit.
A token being listed on an exchange (even it its the no.1 in volume) isn't and indicator of it success and guarantees it will not be worth nothing. In fact, it is a prominent pattern that when a coin is listed, it will inevitably dump due to investors profit taking.
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People blinded by greed seems to have their brain similar to mashed potato wrapped in thin foil. If such an investment vehicle (or scheme) were indeed able to provide twice the amount of investment for an x amount of time, surely it will be highly unsustainable. Especially in cryptocurrency where it is a zero-sum space.
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Adoption of cryptocurrency will undoubtedly create huge opportunities for employment. Like being a front end developer or back end, even costumer service representative for the blockchain company. It might not end poverty per se but it will significantly help.
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Every hodler is a seller that just waits for the right time to maximize their profit. As for me, I've been holding exrn since 2017 and it's been a good experience for me. Many times I wanted to sell because of the bear market but I persisted since I believe in it's long term valuation.
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Unfortunately, there are some ICOs that require them by law to execute KYC for bounty participants so the latter has no choice but to obey to get their reward. Logically though, it shouldn't be required since bounty participants are not costumers rather a force for marketing.
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New coins just take up money that is supposed to flow into bitcoin, that is, it just reduces bitcoin's market dominance. One could argue that new coins are created to solve a problem and will be useful in the future but all of it are just in theory. The said coins are also used to scam new people in this space which hinders adoption.
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Well this scenario is normal most of the ICO's hurt when the price of the crypto dumps. Even good ICO's sometimes cant survive and they exit and we think that is scam. well not all of the ICO's has a capability to survive in terms of falling price of the market. but when the price gets back ICO's will come in, alive and give as a profit that they promise.
Technically ICOs don't promise profit when you invest in them. They simply build a product and incorporate crypto to it, investors would then speculate in how it would be valued in the market. Here lies now then the problem. Most ICOs list their token in exchange without actually building the product so there is a non-existent demand on exchanges. The token will now dump, regardless if the market is bearish or not.
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if you decide to buy one Altcoin, you can buy bitcoin, because you will also get greater profits in the future. Because now the price of bitcoin is still cheap.
Depends on OP's intention (short or long term profit) and how much risk is he willing to take. Buying bitcoin now is the safest move however you profit less. Buying alts on the other hand will give you much more profit once bull run start as you can view it like btc leverage but on the contrary it will suffer the most if btc continues to go down more.
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Total market cap by then in theory would be: (21x10^6)(10x10^6) = 2.1x10^14 which is unrealistic. Besides at that price point, no one would be stupid enough to buy.
It would be much more realistic if it could reach 20k$ in 5 years; it could even be considered as healthy growth.
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It seems that bitcoin withdrawals from different exchanges are the same.
an alternative: you can just exchange your btc it to eth then withdraw. I reckon most exchanges have lower withdraw fee for eth, about 3$ it think.
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I pick low supply coins since its more intuitive that if the supply is low, the demand will be high. However that is only my evaluation at a glance and there are many exceptions to this. Like electroneum which has 21 billion supply but the it has 0 decimals to compensate for it.
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Every year bitcoin's dominance gets lower and lower. Even though it has remained at the top since the beginning, I can't shake off the thought that one day, a coin will be created that will surpass it--faster, safer--superior in every other aspect.
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Now ETH is one of the attractive prices, soon fork, can also increase the value of the coin.
lol. Eth has infinite supply. No matter how many fork they do, the results will be the same for both the forked coin and the original--depreciation. It also has problems in scaling which makes it not good buying if you plan to hold long.
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Many things have changed, to cite one which I think is the most important, the people have started to think for themselves. With the past hype on bitcoin and cypto in general, many people didn't act prudently and just bought in because of the trend without knowing the underlying tech. Because of this, they got burnt. So now, we are left with people who use their head.
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Actually, the situation right now is a good thing. People already learned that exchange listing =/= pump so they will focus more on supporting the development of the product. We can also think of it like this: if more exchanges lists a token, it would be more accessible to people thus helps in adoption in the long run.
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