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in my wallet i hold alot of old coins but most of them are shit coins . no value again some developers have closed shop. lol. i am still holding a coin like Yolocash coin, organic token and others . Though i also hold some coins that are still struggling to come up like Electroneum.
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Ofcourse the blockchain technology and cryptocurrencyare designed as a decentralized financial platform and fro this reason no one person can have control over it not even the Government . The only thing they can succeed in doing is to regulate the crypto market and not control it.
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It is true that so many people especially newbies come into the cryptoworld with a wrong mentality Investing in cryptocurrrencies can be frustrating a times. A lot of investors have lost their money in the past and even presently some developers are coming up with the aim of scamming investors .
so i will advise people to take their time and research about any project before putting in money . And For traders If you must trade then learn the skill and dont be in a hurry to make money so you don't end up losing your capital.
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Funnily enough with the ugly trend experienced with ICO since 2018 people still invest in ICO . but for me the level of loss i made from some scam ICO is still fresh on my mind . therefore i cannot invest in ICO . Although IEO is not always very sure of yielding but i prefer IEO that to ICO .
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I will advise anyone who want to invest in cryptocurrencies should invest what he or she can let go in case of loses. another important tip is do not be in a hurry to invest in any project , rather make sure you carry out due diligence research about the potentials of such projects before investing your hard earn money . One more thing learn to take profits.
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Caution is very important in buying or filling your bags with altcions , make sure you have research enough and found that the project is worth investing in before you go bagging. Do not just buy because others are buying.
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One thing you should also understand is that dumping of token prices is not always from bounty hunters alone . Good and strong projects like XXA and the likes distributed bounty rewards at once and their price didnt dump. Most times project team and investors who bought token with huge bonus are usually the once dumping the price.
Take for instance , Dogdata the team and investors dumped the price so bad even when bounty rewards have not been distributed. so in as much as i support multiple phase distribution , i want also to let you know that dumping is not always about bounty hunters.
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