The fastest way to get rich may not turn you a responsible wealthy man. Sometimes when people do get rich they tend to change every bit of their personality and cares less about possibilities of getting poor again. Lifestyles changed, getting so wasteful and decisions on things are done so easily especially when buying even the not so important things in life. Getting rich is a matter of a responsibilty and not just something to spend and be happy about. So getting rich instantly on cryptocurrency is not really that good for me but getting rich through patience and hard work on cryptocurrency is certainly most appreciated between the two.
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Banks have their own rules and we cannot understand sometimes how they operate just like what you tried to express. Bitcoin is just another system that could serve more like a bank. The only problem you will have with bitcoin is the volatility and the adaption of bitcoins for use in all stores or shops world wide. If these problems will be solved, bitcoin will greatly be more like a replacement of banks and will be used more as a payment system or a currency.
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I do agree with you. It seems many have lost their patience during the fall of the market. Most are really desperate about not earning enough or maybe losing their money due to holding it. In anything we do to earn money we should always consider that there are only two possibilities, it s either we lose or gain. And most of the time we know that without proper strategies or just being passive about making money won't get us what we wanted. So if we really dream of getting rich we should not only think of holding it as we are storing money in the bank. We do have to monitor everything and make some adjustments whenever possible. I've learned my lesson holding is not enough you should have to do some adjustments otherwise you will be waiting for the time that might take several years to see prices back again or maybe not at all.
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This is quite interesting and unbelievable for me. Are you really certain this is the case? Isn't the billion thing about the number of tokens or coins sold and not actually the real value in dollars? If this is true well then very good but I really have some doubt I think there is really something going on that needs explanation like how wonderful is this project? How competitive it is against all other coins? So many questions that only you can probably answer in time.
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The mining fee should not be higher than the actual value. Granting you are correct how can anybody use the coin when they have to pay more than the real value? Should mining fee become costly, it is for certain that the value of coins should even be higher than that otherwise bitcoin will be of no use to its users. And who will then mine without users? So the existence of one is always relative to the other. These things should be in harmony otherwise everything stops.
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This is true, many of the investors who are newbie and don't have experiences yet buy just any coin and ended up losing because some of this coins goes to nothing in the long run. I have seen some goes up several weeks and goes low or almost nothing in price as it sink lower after their ICO. It sad but this is the reality and because there are too many coins in competition it is really hard to tell which ones are good. The old ones and the most established coins even dropped in price so the possibility of these coins to drop as well will be very big. So we must be very careful in choosing coins to buy.
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There are always problems that the bitcoin had been able to ovetcome. FUDs are everywhere and market was down for this year and yet bitcoin didn't drop as far as ethereum did. This would mean that people are really hooked up to bitcoin and the trust that investors give to bitcoin is always the same no matter how unstable the market has been.
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Actually even how you would like socialism to be considered good, it will still fail. Look at how socialist countries have become? It is not that socialism is bad but there will always be inequality among people. People are have a tendency to be greedy and this makes them do what is not good. No single government works successfully even democracy fails, but what makes it good over socialism is that people are always free to deviate from the other such that they can do what they want and live as free as they want. Rather than make thing so absolute just letting things be, is the spirit of democracy. In a socialist country the blockchains you say may no longer be so much needed. Because everybody is to be equal we don't have to trade and no need for cryptocurrency. Do really intend it to be like these? I think many would surely like the fun of trading cryptocurrencies.
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This is a very good explanation on crypto investing. Investing in crypto is very exciting, but should always be taken with caution. Crypto investments are highly volatile, which means one can make big gains and big losses. But what’s even more exciting than financial gain is the technology development. Blockchain is unleashing massive innovation, and the entire World is participating in this excitement. No one knows for sure what company will thrive in the future, but if you find a company with the right team and the right technology, then you are on right track to identifying a good crypto investment.
It is really exciting indeed. But considering how many people had been murmuring about loses I think it is just as well the opposite. Volatility strikes anytime and no matter how careful you are you can still be in big trouble sometimes. Loses are part of cryptocurrency investments as this is more like a gamble. You cannot win unless you have to spend some for it. It is hard to find the right company not unless probably if you have an idea or a first hand information about it. Better not be in a hurry always and find sometime to think over actions when investing on cryptocurrency.
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You are definitely right about it. I have learned my lessons as well. Trading is as hard as it seems as there is no guarantee for a real success. Sometimes everything seems to be more of a luck than a real opportunity that can be studied and prepared. The best thing that he could have done was to study it before really investing a lot. I felt how sad he would have. Lucky for me the money had not been so important when I lost it. But I still think that there will be a time maybe in the future when everything will be back to normal so I am just keeping my coins and holding it for as long as it really seems reasonable. We need to have stop loss value that is the only way we may be able to limit ourselves and our loses.
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Most of the people don't care if a currency is decentralized or not and don't what it means too. They are just interested to make profits, no matter how. They jump on the new flower of the month, invest some cash and sit down until the flower blooms. How it works, or what it is exactly doesn't matter to them
This is true, I would certainly agree with you on this. Most don't have to consider much whether centralized or not. What matters is what colors the coins green. If there is any chance of hitting bull run with any coin, they would certainly jump on it given that such coin would be easy to trade and would be easily available or can be converted into any coin or most especially to fiat. Money is most of the time the main reason why they would invest and therefore how it can be done and where might just be a little consideration for as long as the investors are certain that they are not in for a scam.
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Actually I am thinking that there might be some bull run. I have been expecting it will come because I saw some signs that the market is going strong now for both the physical market and that of the cryptocurrency. I think some problems about trade wars have been resolved a bit and hopefully all fears about it will end. I just hope so by the end of the year cryptocurrency will be up again.
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I could certainly agree on this one. Diversifying your investments would be better. If you would lose on something ypu have the other means that could probably save your loses. It is a matter of planning though. You can opt for a stock market or maybe even on real estate and so many others that are not the same basket that you have mentioned. It is really a nice idea for me but we do need a good capital in this.
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Being poor doesn't really mean that you should be a beggar. If you have difficulties providing your needs and your salary or income is below than what is usual, you can be considered poor. It isn't really something to argue about. It is clear to see the difference between the rich and the poor. The rich ones who suffered a lot about money doesn't mean they are actually poor, it is just a matter of a choice for them to spend their money wisely or not.
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This is what happens most of the time. It seems to be more natural with most coins. People who invested during the ICO would leave the project and sell his/her coins if he sees it not so profitable. People will only buy the coin if it would seem to be moving. Sometimes I would think this is not the reason why we should buy their coins. Their white paper suggested the main idea but people just use it to get profit by trading it. And in this situation the real purpose of the project is somewhat defeated. People are so eager to earn money as this is somehow the reason why most participated but if this is the only reason why the ICO is continuing it will certainly drop in value. Unlike when it is used for real the coins will be moving as it should be.
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For me I would rather choose both options. We cannot have a good prediction about the market and anytime could be a downtrend or an uptrend and loses could be part of it. So diversifying your investments in boyh of these can be cery helpful. And besides you will know how the market operates because you have these two that are almost as related to each other so that it is an advantage.
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Last March the world haven't seen what cryptocurrency have become today and have missed on their predictions that their will be a rise in value since the drop had been felt slowly at the first quarter of the year. They thought that the market will have to move to an all time high but failed. Now the in the third quarter if the year their too many predictiins that prices will go up and a bull run will occur but it didn't. The prices though is up a bit. Now in this connection this 2025 prediction is a bit far and we have no hold of the future. Such prediction as this is focusing only on what is current not realizing that there are too many factors that could create a lot of changes to the world's economy. So I would say this is good and interesting but I am not really believing this to happen by 2025.
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These two are really different but of course relates the same thing and that is to earn money. Bounty campaigns needs time and effort and similar to what I have a friend who did spent about 6 months of doing bounty campaign which I don't know as of now yet if they will really receive the bounty. It really takes sometime and it is as well like a gamble that if you are lucky you will receive just enough but if unlucky worst will be expected like you will be given nothing. Short investments on the other hand may have a real income but sad to note if you are as well unlucky you may just lose your money. Just like when I bought an altcoin in the thought that it was the bottom price because it had dropped so low but only to find out that It wasn't the bottom yet. I found myself losing about 50 percent. Due to negligence and the lack of expertise because it was my first time doing it. Now I realize that it was really hard to gamble on these things not unless you are really experience about the market for cryptocurrency. So my advise to you is that if you don't want to lose money then better do bounty it might be the safest but you have to work hard for it. But if you are really ready and experienced you may do short term trading. Just don't forget to plan in advance to avoid losing too much. Stop loss level are important.
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There are a lot of things we should know more about ICOs before really deciding whether it is good to join or not. Especially if the money we have invested is very important to us. It will not be good if we are just like gambling with only a little chance of probability for earning a profit from it. It is very true that some had so much fire in their heart that the ICO they are in are really going to make great but sadly as you have said all you will find are the GIFs scattered across posts and everywhere in the telegram. It was a bit so sad to see how sometimes the community manager would only tell you to just wait and wait until we lost the patience because they didn't even inform us of what is really going on. That is just a real problem that is why most investors would leave or instead brand the ICO as a scam.
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The possibility of promoting a scam ICO is really big. If there would be a scam ICO they would be attracting more boubty hunters by giving them more fake opportunities to encourage them and many others to invest on their coins. But I would not say all bounty hunters would experience it not unless otherwiseif there are too many scam ICOs. But what I definitely encounter more are those ICOs that fail due to the teams lack of advertising or effort to promote it anywhere in the world. Maybe their plans didn't just work so they ended up like a scam. But I always believe there are scams and it is really true.
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