Of course this will be a good thing for entire crypto industry.
Image of crypto was affected badly by a lot of scam ICO being raised mainly in 2018. Regulations of ICOs would be beneficial first for Ico-based projects, that would keep one chance to get money through ICO.
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Personally, I don't see Bitcoin replacing fiat but being used with Fiat in parallel. There are a lot of aged people (over60-70 years old) that will not adopt Bitcoin. However, if big institutional investors will come on board it will be great for Btc.
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https://www.youtube.com/watch?v=AfVndN2kbCAHere is a video of a guy who bought Toyota Prius back in 2013 with 1000 BTC. If you could have waited for a bit, specially in 2017, we could have been a Lambo. Although in the video you will see the Prius side by side with his Lambo so I think this guy really did make a lot of money in bitcoin in 2017 as well. He also talk about the lessons he learn from investing in bitcoin. It's easy to judge now after 5 years regarding the btc's price. It could have been the cheapest Prius, as well if price wouldn't have raised meanwhile. But yes, it's an expensive Prius at least for now. 😊
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Do you even know what a ponzi scheme is? If you knew, you wouldn't ask this question, no offense.
Bitcoin did not take you money, did not promise you earning of 100x, 1000x ... It is listed on different exchanges and you are free to buy or sell. It is all about offer and demand (+high volatility), nothing more.
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Just like an account where one's fiat currencies are kept so also is wallet where digital assets or cryptocurrencies of crypto lovers are kept. Can the wallet be vulnerable to hacking and if possible how can that happen? If you have experienced it before, I want to learn from your experience.
Every wallet is vulnerable if you expose its private key. If you want to be sure your funds will be kept safe, use a paper or hardware wallet. This way your private keys will not go on Internet if you're not careful.
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I see that BTC and ETH are two coins that have the highest capitalization in Coinmarketcap. But I don't know why Bitcoin is still up and ETH always maintains current prices. Why did that happen? And now, I have to invest in Bitcoin or Ethereum? thank you
If I were you, I would invest in both of them (a bit more in btc) as they have different behaviors as per markets' trend. Bitcoin behaves better in bearish markets, as it loses less of its value. Eth can raise more than btc during bullish periods.
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Bitcoin is not fully mature as currency, but compared to last years it is much more mature: - price doesn't fluctuate significantly from a month to another - adoption rate increased - it is no longer affected by any news in media
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Personally, I see Ethereum the most valuable coin after Bitcoin as it has a real utility for people. Most of new Ico-based projects are still based on eth.
Also, eth is constantly being improved by dev and this proves it is a very mature coin that will have a bright future when bulls will come.
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If Bitcoin will be adopted, it will not replace fiat, but it will coexist with it and improve a lot of issues from current payment systems.
Nobody will force you to use btc instead of fiat. Nobody forces you to use credit card instead of cash, even if it's way easier to do it.
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Hi All,
The current bearish market is allowing me to accumulate as much as can I afford.
I want to put in some money into 1 of the following coins but not sure which one will likely give me the most gains judging from where the coins have fallen from:
$300 into either:
1) Waves 2) Neo 3) Eth 4) Dash 5) Monero
I am buying bitcoin atm too. Which one would you recommend and why ?
Thank you
From your list I would definitely go for Eth. It's the strongest altcoin from all points of view: popularity, utility and still has a huge raising potential as most of ICOs are still based on Eth. Don't invest more than 50% of your funds in any altcoin, as when market is falling you might want to have your funds mostly in btc or fiat.
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If this is true, then these are extremely good news from adoption point of view. Basically, this is the main purpose of any currency (crypto or fiat): buying goods. Or for now, btc is more an asset to store value, not a currency.
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I spent over 6 months to see if bounties were worth it. And I can say, 99.9% of them are not. You may find a diamond in the rough but those are increasingly difficult to find. I gave up after 3 months because my time is better spent doing things which have a much higher ROI like day trading.
Work smarter, not harder.
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There are a lot of options to make money from crypto in 2019. It depends on which one fits better for you: - airdrops: less work, less money - bounties: more work, more money compared to airdrops. - trading: a lot of work to learn, but the earnings can be huge. However, this is very risky if you're not an experienced trader.
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Lots of blockchain team have developed blockchain and cryptocurrency for payment.
Will cryptocurrencies be able to use for payment?
Will it be useful and convenience?
Which coin do you think the best for payment in the near future?
There are already a lot of merchants accepting Bitcoin as a payment option. (I recently saw one in Thailand). I really don't think that in the middle future we can see any other coin than Bitcoin to be used for daily payments.
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My reason to stay is the hope that the long bearish market is about to over and we should see better times for crypto.
I saw a headline on zerohedge about some of the big US institutions finally shifting capital into the crypto market. The long crypto winter could be coming to an end! I might have to start keeping a closer eye on the market.
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Rather than just investing in alts, I recommend you to learn how trading works. I'm a day trader of crypto. If you've not day traded or have very little experience in real trading, take this advice. You'll not learn enough in a short period of time, to get your new venture off the ground. You have to put in the time before you can make the dime. Minimum one year of practice trading with very small amounts or a paper account.
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Old exchanges have a great advantage: they got popularity and clients when there was a huge capital invested in crypto.
Nowadays it's extremely hard for a new exchange to become a top one, as most of the old clients use already their preferred exchanges and new projects usually don't have volumes.
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I noticed that there are many investors who likes to participate during ICO because of the huge profit but its very risky as well.
When is the best time to buy Altcoin?
ICO stage? From Exchange? Wait for the dip?
Every long bearish trend is a good opportunity to accumulate more amounts of good coins at a discounted price. For many of the projects you will find prices cheaper than ICO phase. Also, right after ICO, many investors that bought with important bonuses and bounty hunters might sell their tokens for quick profits and their price will decrease, too.
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I'm sure they are, otherwise they wouldn't appeared more and more in my country, even in smaller towns.
For them the principle buy cheap sell high is guaranteed, so why wouldn't be a profitable business?
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It depends on which cryptocurrency you're referring to. Bitcoin, as it has been discussed already hundreds of times, it cannot be a ponzi scheme, as nobody is running with your btc if you hold them securely.
As for other altcoins, it depends. Usually projects that promise you earning of more than 3-4% per day are definitely ponzi. They all become sooner or later scams.
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