If we talk about the best coins to invest in 2020 no doubt all agree to answer bitcoin. But it's more interesting we talk about best altcoins to invest in 2020 I would recommend ETH, LTC, BNB, XRP and XLM. The five altcoins that I mentioned are altcoins which is potentially good in 2020, it is likely that prices will rise in 2020 following the price of bitcoin which will rise after the event halving. Meanwhile, I myself just bought BTC, LTC and ETH. Because I have limited capital, later next month I plan to buy BNB, XRP and XLM.
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Of course Bitcoin will dominate the market, confirmed by the trusted coinmarketcap site, showing data that bitcoin dominates market up to 68%. And great again to my knowledge that bitcoin has dominated the market from the beginning was created. This is really extraordinary in my opinion. So it's no wonder the volume of bitcoin is very high and also bitcoin is getting popular from year to year. So don't ever hesitate to invest in bitcoin, because bitcoin has very good potential. It can provide a large profit for you who owns it.
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Comparing fiat with bitcoin will never run out. In my opinion a discussion that never ends, in the future it is probable that cryptocurrency will replace fiat. But it's definitely not bitcoin that will be a substitute for fiat, but rather crypto which will be made by each country. Because the government requires centralized cryptocurrency, which has a price stable and also can be controlled. Different from bitcoin that cannot be controlled and the price is volatility. And I disagree with the title on top of bitcoin is a get rich quick scheme, the reality of getting rich with bitcoin cannot be fast and instant. Instead it has to go through a long process and requires hard work.
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We have all experienced a tiring bearish market starting from 2018 until now. Now it will enter 2020 the possibility of a bullish market will occur. So from that now at the end of 2019 we have to do various preparations for facing 2020. The first thing we have to sharpen is the knowledge we have, so in 2020 it is more accurate in the analysis. And the second one starts collecting some cryptocurrency which is considered to have good potential. And the last one we must prepare ourselves mentally to face 2020, so that in 2020 we will be more able to control our emotions.
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Trading is not just about buying at low prices and selling at high prices, trading is more complicated than we imagine. Not to mention it is impossible for us to trading without losses, sometimes we also have to experience losses. Based on all of that, good trading must be with careful planning. So we need to plan everything, so we can produce more a lot of profit compared to the losses we experience. And the first must be able to manage the capital we have, then it must be able to decide on the strategy to be used and the last one has to make a backup plan. Which is very necessary if the beginning trading plan did not go according to plan.
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This is the reason why some countries do not legalize bitcoin, but also do not prohibit its citizens from using bitcoin. Because The government of that country already gets tax from local exchanges, so it's not surprising that almost all local exchanges require users so to do KYC. So the government can get tax from every user to withdraw bitcoin to the bank to convert be fiat. Because for countries that have not legalized bitcoin, it is still forbidden to use bitcoin as a payment. So from that for its citizens inevitably have to convert bitcoin that is owned into fiat, then inevitably also users of bitcoin have to pay tax.
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Now almost all altcoins are at the bottom price. Therefore it is now a good opportunity to buy altcoins, for long-term hold. I recommend altcoins which have a high volume and also have good potential. I recommend to buy Ethereum, Litecoin, Binance coin and Ripple. Because I believe the four altcoins mentioned are very good for long term investment. Just do an analysis and research on the four altcoins definitely get good results.
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It's painful if we buy at the peak price, because the estimated amount of our losses will be very large if it intends we sell it. But I'm impressed with you, because you can still be patient until now not doing cutloss and choosing holding bitcoin until the price returned to $ 20k. Because not all have patience like you. My advice you must remain optimistic and patient, do not give up waiting for the price of bitcoin to rise and return to the price of $ 20k. Because I am sure sooner or later bitcoin can return again to the price of $ 20k. No one really knows exactly when.But many experts predict that the price of bitcoin can return at $ 20k, possibly after the halving event that will occur in a few months.
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If it is true that the price of bitcoin never reaches a new ATH, all we can do is hold bitcoin until the price reaches ATH or even exceeds ATH. Because in my opinion bitcoin is now too strong to fail, that means sooner or later the price of bitcoin is definitely reach back to the ATH price. Just the time that we all don't know yet, can happen in 2020 or the following year. Surely I'm very optimistic that bitcoin will reach ATH.
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If the Libra coin is successfully approved by the American government, it will launch into the cryptocurrency market. It cannot dominate market as well as bitcoin. The reason libra coin is stable coins, the price is the same as the US Dollar. Very different from bitcoin the price fluctuates depending on supply and demand. How can we make a profit if the price is stable at $ 1. Why bitcoin arrived can dominate the market, not only because it's popular. But bitcoin prices are volatility, which means it can change quite quickly and drastically. This is what makes bitcoin interested by investors, because it can generate profits in a relatively short time.
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In my opinion to get the maximum profit, the capital we have can be bought 50% bitcoin. And the rest can buy 20% ETH, for XRP 10% and LTC 10%. With such a division of capital I am very confident that I can make a profit in 2020.If my predictions will run smoothly, later in the middle of 2020, when halving bitcoin happens almost all crypto prices can rise to the top. So it will not be wrong to invest in BTC, ETH, XRP and LTC. All of the cryptos mentioned have very strong fundamentals. So it's a possibility the price will go up according to many people's predictions.
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To be honest I am very disappointed with what YouTube has done, although in the end YouTube has apologized and acknowledged already make mistakes. But still such acts are quite painful for some people in the crypt world. Hopefully in the future youtube doesn't make the same mistakes. It's actually a shame considering youtube is the biggest video platform, making mistakes unnecessary. So from that indeed there should be a decentralized alternative video platform that can make the community comfortable crypto uses it. And D tube can be another option for creating crypto content, even though the pay is not as great that youtube gives.
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If we do the research and analysis correctly we are sure that the event halving bitcoin can make the price of altcoins go up following the price bitcoin is going up. If we look at the history of the two halving before, we will also find the same fact that halving bitcoin can make the price of altcoins rise again. But we also must not be too confident, because we have to think of the worst scenario. If halving bitcoin fails to make the price of bitcoin rise, this will keep altcoins in the bearish market. So anything can happen, we really have to do a thorough preparation for halving bitcoin. So whatever the result we are able to face it.
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In my opinion why some people have not started a small business by accepting payments with cryptocurrency. The reasons are several the state prohibits its citizens from using cryptocurrency as a payment. And the next reason is because cryptocurrency is volatility, therefore a small business that we know has a small capital as well, so it is risky if forced to accept crypto as payment. But there are already small businesses that try to run their businesses by accepting crypto as payment, even though the amount is still a little. Hopefully in the future there will be more countries that legalize cryptocurrency, if this happens I'm sure there will be more business who accepts payments with cryptocurrency.
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I think it's impossible youtube will vanish, because youtube is already too popular and big to vanish. Moreover, the owner of YouTube is Google which will not let youtube vanish. But it is indeed annoying the case of deletion of several crypto-related videos these past few days. Youtube has already acknowledged the mistakes, and has returned the deleted video.Fortunately, this case did not become big and does not have a negative impact on cryptocurrency. Hopefully in the future there is a decentralized video platform that can be used for crypto promotion, so don't depend too much on the youtube platform for crypto promos.
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I am very happy to hear that YouTube has finally admitted that the recent crypto purge was a mistake, and the damage will get fixed. Because in my opinion crypto really needs youtube to promote tokens or new projects, and we have to admit youtube is a very effective platform used for crypto promos. I hope that in the future there will be a decentralized video platform can be used to promote crypto. So we don't depend on the YouTube platform, which is the centralized platform like YouTube there is a possibility that can banned crypto at any time.
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I was one of the victims of a group pump like that, it was clear that such groups were very dangerous. Because as I experienced I have run out of capital, not to mention usually such a group has its costs. So the losses received can be doubled. My advice avoid from group pumps are like that, because the one who benefits is the owner of the group. Because he already bought the coins first, that will be most victims are its members that group. Especially newbies who are new to trading and want instant profits. Safer trading by relying on one's own abilities, by analyzing one's own market. I'm sure the results are more accurate than following the group signal pump that drains our capital.
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I think this might just be true, most likely the one who will first apply this is the country of Japan. Not only in Japan there are many vending machines, but Japan is also a country that has legalized cryptocurrency. Especially Japan in developed countries that can make vending machines accept payments using bitcoin. It's really good if it's true that this can be realized soon, indeed it is better to use the lightning network so that transactions can be faster.
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In my opinion, the whole cryptocurrency failed to show its best performance during 2019, which is still in the bearish market this year. But at least bitcoin is still the best performance compared to altcoins which are still much worse. Speaking of performance most of the altcoins in 2019 failed, but the altcoins mentioned in opening post i agreed to still make a small profit for those who play on these coins. I myself for altcoins in 2019 play on coins like ETH, BNB, and LTC. From these coins at least make a small profit, although not as much as I expected. Hopefully in 2020 it will be different, so that it can managed to make investors make big profits.
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To be honest, it is not possible to crypto vanishes, but if it really happens it is caused by a dead internet network connection or the death of the electricity network. If indeed such an event, certainly does not need to worry about. Just waiting for repairs to the network electricity and internet are way back. And we can access as usual the crypto we have. Actually though it really is crypto vanishes without any reason right now, will not create a global crisis. Because world residents who have cryptocurrency the number is very small. It is likely that there will only be chaos in the cryptocurrency community.
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