Mainstream adoption of cryptocurrency would require time upto the next 50 years in my opinion. I don't foresee a society where citizens would not be paying tax or government would not be in control of money policies. Mainstream can only occur when we have successfully figure a way to incorporate government rules (regulations into cryptocurrencies).
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We need to keep believing. This is what every disruptive technology often face, people didn't trust the internet revolution until it became the real deal. The next big thing is blockchain and I'm glad I got to know early enough.
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To further add to your awesome contribution. Investors in addition to having great foresight also needs patience, lot of it. Most time, profits don't come early enough but with patience, returns would definitely come.
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Traders must learn to let go of their emotions totally else making good trading decisions could be impossible. Also, the use of stop-loss can never be overemphasized, even with good trading knowledge, trade can still go south. Stop-loss is the way forward.
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It's a good practice to hold valuable coin with potentials because they can easily yield huge return in the bull run but emphasis should be valuable coin because there are many shitcoins with no tangible usecase in the market.
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Blockfolio and tabtrader works well for me. They are both applications and you can easily download them on the playstore. With that you can monitor your trades and set alarm for varying price of different cryptocurrency coins and tokens.
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There are too many dips in 2018 to even know the real dip. Altcoins kept dipping every weeks. I have buy several dips trying to minimise my loss but I'm getting discouraged, the bull run should just return to the market.
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I don't think so. While people are optimistic about the bull run this year, I am not sure we shall witness similar bull run to what happened towards the tail end of 2017. Also, I don't expect ETF approval this year and without ETF , optimism would disappear many would cash out their investment.
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The mistake I made while setting out as a novice trader is not learning how to set Stop-loss in case investment goes south which is what happened. Every cryptotrader should take optimum use of Stop-loss on their trade
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This is indeed a move in the right direction. If we can witness more real world use of cryptocurrencies definitely the price will appreciate as it would attract more investors to this space.
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It has an advantage as it provides room for competition among projects and only the project with great usecase eventually survive.
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In addition to the point raised above, I think lot of people don't give much thought to Investment too and therefore spend a large proportion of Thier monthly income on consumption goods such as expensive cars and others.
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Bitcoin just like Forex react to either positive or negative news. Unfortunately, there hasn't been much positive this year and hence, the continuous downward price movement this year. Hopefully, the ETF will get approved, perhaps that would bring the much anticipated bull run.
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Regulations is key to mainstream adoption of cryptocurrency. Part of government power lies in both fiscal and monetary control and idea of digital currency challenge both authorities. This is foremost among reasons for bans and restrictions.
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China ban again. IMO, Crypto enthusiasts should look beyond China, sooner or later China will come around. I believe if we can survive for long with China ban in place, then the market is mature beyond China incessant bans.
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Yes. The question is quite straightforward with market capitalisation of over 210 billion USD, definitely bitcoin is relevant to world trade. Alot of big companies are already accepting it as medium of payment, so yes, Bitcoin influences world trade.
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Crypto has taught me lot of patience. Anyone who comes here with the hope of making fast buck have really missed the whole essence of blockchain. This is something huge, similar to the internet revolution and it requires time to fully mature.
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The answer is simply greed and inadequate knowledge of investment. Truth is, most investors in such self drop are only interested in making early returns. They don't really understand the blockchain technology and its potential, how amazing a product developed on it can be, they only want to double their capital and move on to other projects.
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Depends on ROI target and risk level. If you eventually decided to invest in bitcoin, you return at max would be around X3 considering Bitcoin ATH. Meanwhile other potential coin could readily perform better in terms of ROI but more riskier.
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