I definitely agree since cryptocurrency business is not a small thing when it comes to investments, you would risk certain decisions and that's why we should not put all of the trust in one investment, so that we can't lose much more than we can afford. And i think if we plan to invest, not 100 percent all of our stuff put together, we should move in several ways and have a back up plan.
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It is good for Ethereum coin to maintain it's good reputation and popularity, being the second most volume coin making it the king of altcoins in terms of good volume trading and it's market price, it is hard for other altcoins to take it's place for being king of altcoins although it is also possible for any altcoin to exceed ethereum.
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That's what cryptocurrency really is, sometimes it's green market, sometimes it's red. It never gonna be green always as fluctuation always occurs to create the balance. And i think it's the way of productivity of every coin to be increased and also decreased from time to time, just like our fiat currency, sometimes goes up and sometimes down to maintain balance.
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In my opinion, not at all that altcoins dependent on bitcoin. Because every altcoin has its own way on increasing or decreasing it's price. I think it's just that bitcoin has the center of crypto prices and thus it sometimes can pull several altcoins prices because of fluctuation. However some altcoin sometimes doesn't depend on bitcoin but has a least value or very low value.
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I think this question depends upon what to invest and when to invest. If we are talking about new ico or any new project, then we cant say that it is a 100 percent safe to invest. However if we invest on the top coins or top altcoins already in the market, then its a guarantee that it is safe to invest, we should just be patient to wait or hold for making profit in the long run.
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I think you shouldn't trust right away anyone who says that your wallet was hacked since you are the only one who knows your secret private keys and passwords of your account. But if you lose your device containing your wallet and that person knows how to manipulate your account that was already logged on your device, it is possible that your assets in your wallet could be hacked.
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Many already know some differences of the two coins, ethereum has the high fee in a transaction, then binance smart chain has lower fees compared to ethereum network. However it is not only measured by that, for me better is when it has the potentials of gaining profits for investments even if it is long term. The two coin, ethereum has more potential in terms of price and volume and in terms of long term investments.
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I think it is safe for as long as you'd definitely know what your into. Because, crypto has many fraudsters and scammers, watch out for some of them, just trust people to trade with a good reputation in their profile. Many got victimized from trying to trade with strangers that sends first their funds. And speaking about crypto wallet, you shouldn't send to anyone your account details so that you could refrain from being theft.
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For me, not all cryptocurrency is going to be valuable as gold. However the top coins may have potential and are has the chance to be more valuable as the gold in terms of price and volume. Bitcoin, ethereum, binance coin are samples that can be more valuable to gold in the long run. Top coins has the possibility and more likely to be real valuable in long terms.
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I think it is hard to say that to there is some altcoin becoming the next ethereum, although it is possible but in my thoughts i have some several tokens would be the next ethereum. In terms of volume, i think xrp ripple. But in some top altcoins, possibly EOS, ADA and BNB could possibly follow the trace of ethereum coin. We wouldn't know but there is also possibility of some not popular altcoin could rise someday and be like ethereum.
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It is not that much for the crypto market being deteriorated day by day. Fluctuation occurs so that there would be a balance in crypto market. It cannot be greeny all the time and make a huge run of being increasing values again and again. We all know that if there are big rise for a huge percentage of crypto market, there is also time that it goes down even for several days.
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$20,000 could be possible for a bitcoin to fall, but the thing is when would it happen. Because a wise investor would watch every time of bitcoin price in crypto market and get whenever it could benefit a profit or not. But it could be a big lost for the ones who bought bitcoin above $20,000 if the price won't rise up again.
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There are some good projects on cryptos i think that would be rising in the near future. Just like bitcoin, ethereum, XRP, BNB and other top coins, there are some of which crypto that also has the chance and potential to grow in the future such as DOGE, DIA, WPP which i think for now. Maybe in the future these coins would be also more valuable and gives much profit for it's investors and enthusiasts.
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I think it's not easy for a top coin to easily die although it's still possible, however for a top coin to die it must first lose its market value and it's volume supply in the market. Ethereum has a big potential, even it decrease it's price for now, it cannot die easily since it started in a point that it has low value.
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