People just watches the chart to feel good and keep up their confidence on bitcoin. But to be honest, the charts actually mean nothing when it comes to price indication. The prices are unpredictable. You won't know what will happen to the price the next day. It might sky rocket or get dumped very badly (price manipulation plays a vital role in both cases). But remember, in the long run, the price will actually go up. So just keep holding.
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I guess you are talking about having one global crypto currency, right? I guess that won't be happening. Since crypto currencies are decentralized and no one has control over it, then there is no one that can stop other crypto currencies from emerging. Why would we need only one global crypto currency any way? I don't see any problem having multi crypto currencies. All of them are global and working fine together.
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There are tons of reasons why most of the ICOs fail during their initial stage. I am assuming that the project had no intention to scam people at all. So first reason is that they fail to create something unique. The project that they are about to launch might already be in the market, thus creating no new market demand. Secondly, they weren't good enough at their marketing strategy. Thus they ended up remaining unknown by most of the people failing to create any kind of identity of their own. In other words, fail promotion of the project in the market. Another reason might be that they promised something that is actually not achievable with current technology thus failing failing to deliver their unrealistic project.
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It is not a scam, cryptocurrency are decentralized so that market demand and supply are determinants of the value of cryptocurrency. Stay calm, the market will get up and the cryptocurrency will be able to remember its value.
Uhh.. I would say it is a form of scamming. Spreading out wrong information to mislead people is actually unethical and a form of scamming if you ask me. The newbies are gullible and inexperienced. They freak out faster than the rest of the people since they don't have much knowledge about the market. It is true that in the long run the price will go up, but as long as people falls for those FUDs, the price development is slowed down.
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Investment usually involves expectation of profit. If bitcoin is not having the potentials of yielding interest within a speculated timing there is nobody that will invest in bitcoin so every holders have some profit in mind to make.
And this is the mentality or way of thing thinking that we should be changing for the betterment of the development of crypto currencies. Most of the people (including me, i won't lie) are just here for the profits, not for the technology and the power of the crypto currencies. They are investing on crypto currencies with a hope of making quick profit and sell it back for fiat currency. But was bitcoin actually made for making profit and using it as a storage value? or was it made so that people can get financial freedom and stop the using fiat currency?
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I'm assuming that you have bought your coins at high price. Now, the market has been in the downward trends since January, the question now is how about the invested amount if the market doesn't show any significant rise. This is the problem now, are you ready to lose your capital to avoid further loss?
This totally depends on the person and the situation of the market. Let me rephrase your last sentence, "Are you ready to let go your capital to avoid further risks and "opportunities"?". You see, I used the word "risk" and "opportunities" instead of just "loss". Since, holding your capital does not mean that you will be losing further in the future. The market is unpredictable, and selling off your investment means you are giving up the probable opportunities to make profit.
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No one knows what is going to happen at the end of 2018. Remember, this is the crypto market, no some ordinary market where you can predict what will be happening soon using some analysis. The crypto market is totally unpredictable since it is very sensitive to any kind of change. A positive news might cause the price to soar up to the sky or the same news might cause no change in the price. Same goes for the negative news. All you can do is just hold the coins and trust yourself.
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I don’t know how it works, but somehow people don’t see all the power and capabilities of cryptocurrencies. Probably, a new generation of people should grow, but cryptocurrencies and blockchain, I know and believe, will one day become mass.
But, do you really thing the new generation will change? We need to change first so that our newer generation can reflect that change. If we all remain the same there won't be any difference between us and the newer generation. We need to educate ourselves about crypto currencies first properly, then spread out those education to the future people. They will then work on it to improve it and make better use of it.
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What's there not to believe? What do you mean by "strike back"? Are you saying that the price shows that bitcoin is falling? This is not true. The value does not determine its total potential. If you are considering the value, then look at the price of bitcoin few years ago. The price have significantly rose many folds. Just because of the drop of price from $20,000 does not mean it is the end of bitcoin.
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As long as the coin has some sort of value, it is not "dead". This means that even if the price of bitcoin ends up being $1,000, it is still not dead. We got that assumed value since there are some people who are still using it and trading with it. For the coins to be dead, there should not be even a single user who uses bitcoin. So i guess if the value turns out to be zero, the coin can be considered dead.
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We all know that bitcoin and most of the crypto currencies are decentralized. This means that no one has central authority of crypto currencies and no one controls it. This is the same case for the crypto market. There is no single market or organization that is actually controlling the price of crypto currencies. The price are determined by the people itself through trading. Though whales and people who are holding high amount of crypto currencies can some what manipulate the price of crypto currencies.
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for now it is still safe with btc online wallets by using F2P while maintaining private keys and not clicking messages randomly email I think it would be safe to be careful
Online wallets are never safe. It is actually the worst place to store your valuable crypto currencies. There are high chances of the online wallets getting hacked. All online wallets are prone to getting hacked, no matter how much they claim that they are extremely secure. If online wallets get hacked, you will be suffering from those hacks. Again, you won't be having full control of your funds. Moreover, if the online wallet faces downtime, you will lose access to your wallet for that specific time.
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I wouldn't say they are profitable. The amount of time you will have to be spending behind those bounty program and the work you will have to be doing is not worth at all to be honest. Unless you get very lucky, you won't be making much from those bounty rewards. There are also chances of that you won't get paid if the project fails or seems to go scam. So its better to try something else rather than spending time on bounties.
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I wouldn't recommend anyone to take crypto (I am assuming you mean trading, bounty and signature campaigns) as a full time job. You will be risking yourself financially and will suffer when you will need to have fiat/liquid cash the most. To be honest, unless you convert your earnings instantly to fiat, it might become a hassle when you will be in dire need to money. Better to keep a stable job that pays you in fiat, and invest some portion of it into crypto currencies and hold it for a while. This is what I am actually doing.
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I only tried Binance mobile app for android. Wasn't disappointed at all. Everything was smooth and was easy to use. The charts were clear enough to read and was well optimized. Binance already has a lot of pairs to trade with and most of the well known coins are included in their exchange. I wouldn't be looking for any other app and just stick with Binance.
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What are your thoughts on these 2 factors when it comes to Bitcoin and other cryptos. 1. How does Social Media effect Cryptocurrency?
It does in various ways. People now a days are social media addict. They prefer to keep themselves updated with people and the world through the social media. So social media helps crypto currencies to expose themselves to those people. Now this has both negative and positive affect. Most of the people blindly believe whatever they read on the social media. Thus, they might also end up getting the wrong information/impression about crypto currencies. 2. How does Cryptocurrency effect Social Media?
Not sure how cryptocurrency can affect Social Media. They are whole different things.
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I have made purchases about 3 years ago from localbitcoins.. Recently I have heard that there are a lot of scammers getting away with buyers' money and with very little help from the Support (This is what I have heard)!!!
I have heard that I should stay away from Coinbase, mainly because you do NOT have control of your money in your account, among other issues. I live in USA...So what are my options. I would like to use MoneyGram or WesternUnion. But what is a Legit source? Providing ID is not an issue. Escrow is a system I would prefer. I am NOT trying to trade one cryto for another. I am trying to buy btc via MoneyGram or WesternUnion.
I hope to hear from you fairly soon!
I understand why you are hesitating to use coinbase as your wallet. But, who is telling you to use their wallet to store your crypto currencies? As far as I know there are no rules which states that you should be storing your coin bought from them at their wallet. Just buy it from them and then transfer it to some other wallet that you use. Or find someone trusted at the forum and do the dealing at your own risk.
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Your emotional state is important of course, but the market's state is more important now. Even experienced traders feel confused at the moment. Not the best time for newbies. If you wanna start trading, don't hurry, better read more and learn, use small sums to buy cheap coins for practice and wait till the market finally moves.
There is no such thing as "best time for newbies". You can join the market whenever you want. The earlier you join, the faster you will learn and the more experienced you will get. You might be making tons of mistakes at first, thus not being able to make any kind of profits. But, eventually you will learn from your mistakes and start making steady profit. And yeah, must start low, or else you will lose everything early.
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Will cryptocurrencies continue their downfall or enter a trend reversal? What is your chart study and identified key indicator.
Depends on the situation honestly. If people becomes more aware of the benefits of crypto currencies and the government starts to favour the usage of it, then in the long run, we will see the price rising tremendously. On the other hand, if things starts to get worse, then we might start seeing the opposite (though this is unlikely to happen) where price might start to drop or show more instability.
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There might be many reasons. If you joined a project that was made just to scam people, you were probably scammed by them. You worked for them without getting paid. If it is a serious project, are you sure you joined the bounty program properly? Are you sure you were accepted to their program? Did you follow all the rules they imposed? If so, then did you try contacting the bounty manager or person in charge to know the reason?
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