Well, per my little experience I have had with crypto, I'd advise that we await a little longer for the market to get back on its feet and I think that will be the good way to gain value on our holdings
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That is true. The market has been showing a gradual downtrend which is worrying all of us. Some of us have really lost huge amounts. Anyways we're still waiting for the brighter future. It might happen at any moment from now. Let's not give up yet.
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Sorry for your loss buddy. Almost all of us have lost so much and in grievance with fellow members. What I have learnt is to start a little day trading- one of the most riskiest and tedious activity in crypto. It really helps in making little profits that can help cover up for some of your losses.
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Waiting and waiting might not help in my opinion. The current state of the market and the recent analysis by the veterans and technicians of crypto shows that a rise can haplen at anytime and so I'd advise you get some coins in a vault.
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I think no matter the type of market capitalization, there's an opportunity to earn something. There's hope so far as the market cap is not at zero. It means someone is buying while the other person is selling , and that is what is called trading. Anyways high market cap coins attract the many traders and hence boost the coin's performance on the market.
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There is always the need for someone to buy and the other person to sell. Without a buy order, then holders will hold for nothing. Also, I think sometimes thsoe who buy at the highest price might be traders who'll recover immediately after the downtrend.
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Bitcoin was undervalued at that time. People didn't pay much attention to its relevance and so many people lost coins forever. Well it seems now that we have known the relevance of Bitcoins that will reduce.
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Well there are so many around and finding a very good one is one of the difficult things to do. Anyways I'm part of this ongoing project called FlipNpik that seeks to bring a revolution in lcal business advertisements. I think you can check it out.
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Wow, that is heartbreaking. Banks have been doing this for long to the average citizen who works hard to get money, and they just scoop their earnings from them. This is very bad for the economy and it leads to less investments which is very bad. What saddens me more is that they'll later accuse te cryptocurrency market of scam (true somehow due to activities of certain members of the crypto community), but the fact is that there are many banks out there cheating citizens day in and day out.
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I have used Binance for sometime for trading and I have enjoyed their user interface. I especially like the Binance android app. It allows easy trading switches and fast as well. Anyways other exchanges aren't bad for trading as well.
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I don't believe there is ever going to be another currency that can replace Bitcoin. Bitcoin has over the past years proven to be a standout amongst all the cryptos and also the fact that almost all other coins are pegged against BTC even makes the dominance higher. Even the forks that have come couldn't overtake Bitcoin.
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To me I'll go in for ETH for now because ETH has also been becoming a very important coin and omatgirm for running almost all ICOs. I think it wouldn't be a bad to hold any other good altcoin as well.
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I akways tell people that that will haplen at the time we all become oversaturated with the price being low. For example, BTC has gone below $7000 and traded around $6500 twice this year, but the first one was a huge outcry. Even though we're all unhappy about this current situation we still cintinue ti endure. A time will come that no one will shake even if the market drops by a very huge percentage. By that time, we'd all become accustomed to that already, and I think from there a rise to the all-time-high can happen again.
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Well, it coukd be because of that reason. People get suprised when they see cmsuch things happening at exchanges. They then resort to selling off and leaving as they think the whale is going to manipulate the market with such funds. This then triggers the mass sell off, because anyone who did not even see it will start selling off with the otion that, they're keeping their money safe
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One major factor affecting BTC is the fear and panic around it. This is mostly caused by the media people. They say all sort of things against Bitcoin and they are the tool for disseminating info to the outside world and so whatever they carry outside is what they also take. Also Government influence has a huge impact on the value of Bitcoin, and we have recently witnessed that from the beginning of this year.
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There are many projects I have participated throughout this year and some showed great prospects whiles others couldn't keep up with the race. Anyways I have these coins that they have proved to be worth something- LYPMO. Also Essentia is going to be a great one as well looking at the innovative interventions it'll implement
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I don't ever believe that Bitcoin is the reason for many criminal activities going in the world. Before BTC existed people had their own unique ways of making illegal transactions and Bitcoin did not cause that. Bitcoin was made to serve a purpose of a "middlemanless" transsction so i think we cannot blame BTC
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I love reddit and bitcointalk. Reddit is known to be a very good place for a healthy discussion (you also get many people commenting and sharing ideas on one topic. As for Bitointalk, I don't think we'll have to discuss its benefits. They are so many that can't be listed
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I hope it will even hit somewhere around $400 - 500 Anyways the current cryotocurrency market trend has affected alomst everything and then it has become very difficult for the coins to rise, even the well known ones. But we hope for the better future. Thisbis crypto and anything can happen at any moment
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I really like your point number two. You have to stop when you get to a specific goal or target. One thing many of us forget is that Gambling should move along with target setting. You get there, you stop so that you don't get overindulgence
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