It is noteworthy that the fall of the crypto currency is not only against the dollar, but also against bitcoin. Just 6 months ago, the ETH was estimated at 0.1 BTC. Now the rate is less than half of that mark, without showing any signs of reaching the bottom, as bitcoin continues to absorb market share.
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Only a small amount of crypto-currency is now used for its intended purpose, mostly people buy them to get a quick profit due to the volatility of the exchange rate. However, most coins are created for other purposes. Some provide confidentiality of transactions, on the platform of others carry out projects of primary placement of tokens, and others were originally developed as a replacement for traditional money.
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Inexperienced investors eventually withdraw from the market crypto-currency - people are becoming more aware of the world of blockchain. One of the main missions for crypto-currencies is to ensure complete anonymity of transactions. On the one hand, regulation is good, because investors are confident in their money, but on the other hand, some experts believe that regulating digital money in countries can harm in the long term.
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Errors and failures happen. The ultimate success depends on how persistently you will be failing, how correctly to draw conclusions from your mistakes and how to persevere in learning new things. And, of course, from the general stock of experience that you will gain. The loss is not only for those who were in principle not adapted to difficult conditions, but also those who surrendered too quickly, although their intellectual potential definitely gave hope for success. Do not rush to be disappointed in yourself and the prospects of crypto.
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Develop a coolness and the ability to soberly analyze the situation. For trade and investment, spontaneous, impulsive decisions, decisions dictated by panic or greed, and decisions based on the principle "they write in a chat" or "do it all" are very harmful. Rely primarily on your experience and recheck the incoming information. And, if you have a plan of action, thought out in advance, it can be fatal to depart from it on the basis of momentary moods.
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The fall of the crypto-currency is primarily related to demand and supply. The last six months the market is in a painful condition. Therefore, it is not surprising that the demand for crypto-currencies has significantly decreased. Possible investors are frightened by this protracted fall and prefer to take a wait-and-see attitude.
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What to prefer: anonymity or security is the personal choice of everyone. As for crypto exchanges, we are increasingly left with no choice, forcing KYC & AML to perform. These are the realities and new rules of the game in the field of the jurisdiction of the European Union and the United States, which are increasingly tightening the requirements for their citizens and legal entities.
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An important factor affecting the price of crypto currency is news. People succumbing to herd instinct tend to quickly change their thinking and opinion about the situation in time with news reports. That's where they began to take BTC in the restaurant - the price immediately up. But in some countries they banned the conduct of the ICO - the price here is falling. More precisely, not so much the price as the popularity of the holders and investors, and therefore the cost.
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As for the near future, it is clear that blockchain technology will exist in any case. Blockchain is convenient for ordinary people, as well as for powerful financial corporations. More and more often there are news about the allocation of investments from the EU to improve technology, the introduction of blockchain in the digital products, the permission to open deposits and make payments in bitcoins. Another thing is that not all coins will survive this stage - some will go into oblivion, remaining forever in the electronic wallets of enthusiasts, and some will fly to many thousands of dollars, gaining recognition and mass character.
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It is very important to follow the news. The public immediately reacts to all the news outlets, whether real or fake, because the information background is an important factor in the development of any crypto-currency project and directly affects the cost of its tokens. The user in any way wants to reduce the risks associated with the crypto industry, so he follows the news and on the basis of them adjusts his strategy.
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Hello guys,
I have attended this place since May 2017, Maybe i like many people here, i was profitable in December 2017, BUT i didn't sell because i think market will up more, Then like everyone have seen, market has gone down for 8 months, and now i losing so much, but i still wait, i believe that market will go up and i will have profit again. But my wife was impatient, she told with me "i think you should sold all of it". I will don't sell anything, but I feel sad because I made her disappointed, she had hoped for me.
If you are no longer a beginner in cryptography and understand the risks and specific features that are present here, then you probably understand that this is a new and promising business. But like any new technology, cryptography takes time to develop and recognize. And not always everything happens easily and as we want.
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Why sell good altcoins? Altcoin market is run by whales. They wait patiently until naive small fishes like us make a mistake. Even if you are trying to trade daily, sometimes it's better not to do anything and not to make money instead of making an ill-considered deal and losing currency. I have learned from my own experience that there are days when you make a profit from not trading.
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More and more platforms use Ethereum as a means of payment, smart contracts are becoming more in demand and their practical application has long been not limited to the financial sector. Now the Ethereum is the main blockchain for any start-up, which wants to launch the original offer of coins by ICO.
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