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in my opinion if there is no other cryptocurrency maybe bitcoin will not be able to develop as fast as it is now. because bitcoin has no competitors and developers will not update the system. so maybe bitcoin will stagnate. although the bitcoin market now controls the crypto market but in my opinion we still need altcoin to enliven the crypto market. and with altcoin makes investors more interested in investing because of the many choices.
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In my opinion, that concern makes sense because Facebook is the largest social media network in the world with 2 billion users. imagine if all users later have libra. then this libra could have an impact on the world economy. and libra will later be controlled by facebook unlike bitcoin which is decentralized. this is probably what made some countries in Europe reject Libra.
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of course this is good news. both the buyer and seller can benefit. the buyers can get the property they can buy property with the crypto they have and the seller also get crypto which can also be used directly as an investment tool. property and bitcoin are attractive investment tools and now many people are interested in investing in both. investing in property and bitcoin I think is more profitable than investing in the stock market or bank.
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bitcoin was created in 2008 when the world was experiencing a monetary crisis. and in my opinion the purpose of the creation of bitcoin is to overcome this economic crisis. but over time bitcoin has rapidly developed into an investment tool, a store of value and can also be used for payment tools. but not all countries allow payment instruments.
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Back in the day, Vitalik once said that crypto will be going to zero. There has been many concerns about the longevity of cryptocurrency as a serious form of money, given that it's relatively unstable within the mainstream world. It's been 10 years since Bitcoin was created where crypto has had its ups and downs. However, many are afraid that crypto will be going to zero as the blockchain hype ends and governments start rolling their own digital currencies. When we take a look at most cryptocurrencies on the market, most of them aren't even useful at all. Perhaps, the only one is Bitcoin but it's terrible as a currency for daily transactions. Which is why, I'm starting to wonder if crypto will really go to zero in the future? If this happens, then most of us will lose our hard-earned money as crypto becomes worthless. What are your thoughts?  I don't think so. and I think instead the value of bitcoin will not be zero. because if we look at the number of traders and users of bitcoin every year is always increasing while the number of available bitcoin (still mined) is getting smaller. This happens because the number of bitcoins is limited to only 21 million coins. and now 18 million coins have been circulated. if we use economic law, of course in the future the price of bitcoin will be higher because demand is more than supply. |
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what makes bitcoin valuable is the limited amount of 21 million coins. the amount is limited but the demand for bitcoin every year continues to increase, which eventually makes the price of bitcoin soar. and now the number of bitcoins in circulation has reached 18 million and the remaining 3 million coins are still being mined. with this estimation, many predict the price of bitcoin will increase again. because the amount is limited.
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Hello every body.I am a Newbie. I joined Crytopia about four months ago. I hold ont and dog Now I want to practice to trade .Please help me give some idea for Newbie as me, I should trade or not? I really want to receive the instruction of the go-ahead, thank a lots.  I totally agree with people who say that all successful traders start with beginners. every beginner who wants to make a living by trading I'm sure what they do first is learn about the science of trading. You can learn through friends or search through various media. if you have the capital to trade, I advise you to trade on a low scale and choose to hold the top 10 coins. try to do daily trading by monitoring market prices every day. that way you can learn and also you have started to become a trader. |
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I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.
basically daily trading and long-term trading both have their respective advantages. I myself hold more than one type of coin available. I prefer to trade daily for altcoin, and for the top 10 coins I trade long term. why is that, because in my opinion altcoin is very risky if stored for a long time. if you feel you are still a beginner and want to trade and learn to become a trader, in my opinion you better hold more than one type of coin available and choose to do daily trading. with daily trading you will always monitor market developments, so you can trade and also learn. |
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I think Libra coins will not threaten Bitcoin and Altcoin. because bitcoin has been proven to last a long time on the crypto market. and now bitcoin has become the most favorite coin in the crypto market and also has a large market capitalization. so I think it will be difficult for Libra to defeat bitcoin. and libra are centralized coins. Libra coins will be controlled by Facebook. previously libra coins were supported by large companies such as mastercard, visa and paypal. but I have just heard the news that all of these companies have finally resigned from supporting libra. of course this is bad news for libra.
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even though my two-year bounty campaign project is a lot of scams. but there are some campaign projects that I participated in in 2018 and 2019 that were not scam. I got a pretty decent gift token. that project is a WPP token. so even though many campaign projects are scam I will still try to find a good project. because being a bounty hunter is my side job. than the time I wasted in vain I'd better work on a bounty campaign.
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yes this is the right time to start investing. it's never too late to invest. if you have capital then start investing by choosing the top 10 coins in the coin market cap. why must the top 20 coins because the top 20 coins already have a large market capitalization and have lasted a long time in the crypto market. so we don't need to worry about coins going to disappear. but if you don't have the capital you can start joining bounty, airdrop and faucet campaigns. and study crypto seriously before investing.
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I don't think the launch of China's digital currency will have an impact on the crypto market. because the digital currency was issued by the central bank of China. I think the launch of this currency is to restrict the Chinese people from bitcoin. the Chinese government is afraid bitcoin will defeat their currency so they decide to make their own digital currency and surely later this money will be controlled by the chinese government. so it will not affect decentralized cryptocurrency.
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in my opinion a trade war that occurred between China and America. will not have an impact on cryptocurrency. because the war that occurred was related to import and export tariffs between countries. this war will have an impact on the fiat currency exchange rate but not the digital currency. Decentralized cryptocurrency is not affected by political issues and relations between countries in the world.
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I just find out that some coins might start with very low volume and marketcap and end up growing big? true or false? i tracked back some old coins that start with trading volume around 6k and end up in millions, is this still possible today?
nothing that is impossible in crypto can all happen. if the coins you buy have a good development team then the coins can last a long time in the crypto market. so that slowly but surely the trading volume and price will rise. therefore always do your research seriously before buying coins. now many new altcoins are appearing but cannot last long on the crypto market. |
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I think it is very possible if binance creates a new program that can boost the popularity of the BNB, such as giving a bigger bonus to traders who trade using the BNB pair, so that many will buy the BNB so that the demand will be higher against the BNB which will cause the price to soar.
but it will also be a problem if no one is interested in trading again in binance, which is certainly the team must be even better providing updates so BNB can skyrocket. I am sure the team in BNB is planning a big breakthrough to push up the price.
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if you have a lot of money and time to trade it's very worth it if you want to take part in competing trading and also you have to be really expert in the world of trading so as not to lose, right now there are a lot of markets that hold trading commissions and the prizes are pretty good. if I have the capital to trade maybe I will also follow it ..  |
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I disagree with you, we'll see lately the altcoin market is not clear where to go when bitcoin goes up, altcoin prices get stuck, even if there is a drop, especially when bitcoin goes down, altcoin prices will be destroyed if I can project for this year altcoin will be stuck until the end of this year it is possible up only altcoin which has great popularity such as ethereum ltc xrp etc.
but all the possibilities can happen we don't know in a few days or months there will be a big news that will drive the popularity of cryptocurrency to rise like 2017 maybe so altcoin will rise again.
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maybe if you want investors to be interested again there must be a system that can sort out a project that is feasible to publish their token salas for example create an audit team that is truly credible to audit a new project that wants to hold a token sale so that it might be able to minimize the scam project and investors will be interested again.
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I think not only is Bitcoin our hope in the future there are still many other good coins for example Litecoin from the beginning of this coin is very stable and the community is pretty good almost like Bitcoin, but indeed Bitcoin will continue to lead all cryptocurrency that exists today to the future because of bitcoin is the pioneer of all cryptocurrecny.
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I think $15k is too high considering that ethereum's total supply is very large, I am not sure that ethereum can reach that price better if you want to look at bitcoin with only 21 million in coin supply but the current price is only $8k. so if ethereum is very heavy if it costs $15, but maybe if ethereum reaches $5k it's still possible
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