Why would you follow telegram signal group in the first place because you'll just lose money instead of making more money, it's better to look at trading view and read people's TA if you don't know what to buy, but if you want to do it yourself then you can look at the rsi and ema (exponential moving average) to know where the price is moving, again it's just the basic that easy to learn if you want.
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What's the general feeling about some of the altcoins that have dropped in value considerably such as TRON, district0x, Cardano and SiberianChervonets. I've been HODLing these for a while hoping they will recover but their value seems to be getting even lower. With new coins being launched daily, is it likely that these will ever recover?
I don't think all of them will recover their value, some good one maybe like tron, cardano, and district0x may recover their value as long as they keep delivering their promises and make a lot of progress for their project, but for others coin that got pumped during December it's quite impossible to recover as the value at that time is too high for a project with whitepaper only.
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Ofcourse not, everything need times and in crypto it is the same, it's just because the last bull run is so great that you heard about a lot of success stories but that kind of situation won't come often. It takes time until your investment bear result and not everything will be successful. I've been here for a year and half and fortunately I get quite a lot from the last bullrun but other people shouldn't treat crypto as a quick rich scheme otherwise you'll lose a lot of money.
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Ethereum price is staying under $200 and I was wondering if mining is still profitable.
If you make an Ethereum Mining Rig today for $2500 that mines about 0.5 ETH per month, with the actual price you will need about 2 years to repay your investment.
It takes a long time to break even from mining crypto especially right now when the price is quite low, i guess the difficulty will get lower because people will switch to another coin to mine so the roi will get better than that but you can mine a lot of coin with gpu so if you think it's not profitable to mine eth then there's a lot of options to choose, you can also sell your mining rig later if you want to stop.
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I know that it's a pyramid scheme from the start but I bit the bullet and put some money in it last year about june or july I don't remember the exact time. At that time i think there's still enough time to break even from it and my guess is correct and i get all my money back plus some profit, i decided to get out when there's a lot of youtube videos about bitconnect as i feel it won't hold for much longer.
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I've never heard of fire before but I agree that if you don't waste a lot of money on your daily expenditure and use that money to invest you'll have a nice portofolio and that can help you retire early. People lifestyle will change alongside with their income so that's why most of them don't spare any money for investment purposes, it's important to educate people that investment is an important thing to do.
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I'd love to know because I'm thinking about getting one or the other one of these days. I understand the nano S is most popular but the Kasse looks equally as good. Do you have any opinions?
This is the first time I hear about kasse hardware wallet so I don't have a lot of information regarding that, but for hardware wallet security is the most important thing so you should choose something that already trusted and well known in crypto, so I definitely choose nano s over that, I bought my ledger nano last year and it's easy to use and I've no problem with it.
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Honestly binance is the best crypto exchange for me right now, even if the trading fee is a bit high but you can reduce them if you use bnb coin and if you trade a lot then it won't matter as the liquidity there is more than enough to worth the fee. The ui is also near and easy to use, they have a good selection of token and so far they handle the security very well with several hacking attempt denied.
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Haven't heard about exchange that required bank details for kyc, even the one in my country only requires the bank account to be the same with the id that I uploaded for the kyc. I think if they provide fiat deposit then they have to do that so they won't face any trouble if the tax authorities come knocking their door as they have the required information.
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It's a common sense that you'll lose money if you join this kind of group, the chance of losing money is higher than earning it, I've join a pump group before and actually join the activity three time, I earn money two times, and lose money on the last one, you have to be very quick when they announce the coin and you shouldn't be greedy. Pump group used to be a thing on bittrex but there's too many pump group right now.
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I have bought some veri coins. Now I am afraid that I will not be able to make some profit. Because the market looks very bad. Each and every coin is in the red zone. Should I sell the veri coins or Should I wait for some more months to see what will happen?
If you don't believe in the project then why you buy the coin? in my opinion very is quite good and although the price right now is bad but if the project keeps delivering their promise then it will go up slowly. You buy a coin for the long term, at least until they release their platform and prove their worth, but if you are only looking for a short term profit then it's your decision to sell and move to another coin or not.
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I've woken up in a shock and panic sell but other than that I've never did the thing you listed. I am quite careful in my investment so ofcourse I will do some research before putting my money in and because I know how things works, I don't get scammed with basic mistake. I also never bought at top so far because it's quite clear the more people get delusional the nearer we are from the top.
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What is best wallet for long term bitcoin holding? I want to choose one wallet for bitcoin holding. Which one is best and have no bugs and problems? Which one is worse? Which one is easy to instal and easy to use. Which one you just prefer for long term holding.
If you want the best wallet for long term holding then it's best to buy hardware wallet, if you have hardware wallet then your mind will be free of worry because it's really safe. If you don't want to spend any money on hardware wallet then I suggest using electrum and store the private key safely somewhere else, it's free, easy to use and don't use a lot of resources to install.
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They make a lot of money from the loan interest as the difference with saving interest is a lot, in my country the loan intrest is about 11% while the biggest saving interest is about 5%, a normal one is less than 2% so that's already a big different, add more fee based income and they earn a lot of money. There's nothing special about it and I think most people know how it works.
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It's because most people here are in for the opportunity to get rich from crypto and not for the tech or the advantages that it can bring to our life. Most people also want a short term gain and that's quite normal when you have a great bullrun like that to multiply your money by several folds in a few weeks. I agree that in the long term the price is still good so there's nothing to worry about if you are going long.
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If your investment capital is small then the biggest challenge is to be patient until your investment earn you some money, small capital means small return although you can still earn a lot if lucky. Investment takes time with the exception of crypto bull run last year when you can basically earn profit in every crypto. If it's normal situation then you have to wait for months or even years until the price start moving.
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Most of them is indeed nonsense as there's no way a project without a working product actually have that much marketcap, but hey it's crypto and marketcap isn't a good indicator. The marketcap is full of shitcoin with no volume and development and a thousand of them will contribute to some extent to the crypto marketcap. It's not a good indicator if you want to put some money into project but you can use it to guess roughly how far a coin can grow compared to its competitor.
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You should diversify your investment outside crypto aswell to minimize the risk, it's no use buying several coins when the market crash like a few months ago because you'll still lose a lot, that's why you should diversify outside crypto, and to answer your question, I will just split it into two because the amount is rather small and the return won't be that high if I put it in several different coins.
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I don't introduce bitcoin to them, I was trading like usual when they see that and ask what's crypto is, I told them a bit about crypto, some of them interested in crypto and want to try while the other don't believe it, the ones who trust me then gain more than $40.000 from the last bullrun, still active in crypto and thank me a lot. I teach them though about the basic so they don't lose a lot of money
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The common mistake of people that are new to crypto is that they think the bitcoin price right now is too expensive already and they want to invest in the next bitcoin, there's a reason why bitcoin is expensive and in the long term the price right now is considered cheap, you don't have to buy a whole bitcoin. There's a lot of alts that claim to be the next bitcoin but most of them lose their value so I don't recommend putting your money in some random alts.
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