Mainly because most of the exchanges use Bitcoin as main pair value. Secondly because Bitcoin is one of the most traded and when it go down other people that hold other cryptocurrency sell. You can see this in “real world” when one of the top national currency drop value (EUR or USD for example).
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You can see the update on its telegram, it's more effective way I guess. Through telegram we can get the newest information from the bounty. Each bounty usually requires it's participants to join in their telegram.
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Hold and believe that it's just for a moment. We don't know for sure when bitcoin will end. I believe that as long as the technology keep growing, then bitcoin will follow. What we can do now is holding our bitcoin as best as we could or if we've given up, we could sell them for a good price
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Definitely yes. Investing in cryptocurrency is really big challenge. That's why people who join in crypto world are those who have big courage. We know that cryptocurrency is volatile. It could be high today, and get low tomorrow. So, crypto world is really for the risk takers.
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I guess whenever you're ready to invest, that's the good time. It is worth investing in Ethereum since it could make you money in the long term. Besides almost all ICOs are based on Ethereum which guarantee that ethereum has potential to be great.
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The market is very volatile these days. But, among all cryptocoins, I think that ETH will survive for a long time. Blockchain and Ethereum are still in the very early stage in their maturity. It needs a lot more consumer and commercial adoption to achieve stability. The future looks bright unless there are unforeseen events over the next few years or even decades.
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You're right, but we cannot depend more on it. There are hundreds of Airdrops which happen every month. Out of which only a handful will be genuine and a worthwhile hunt. Although some airdrops are worth and profitable, they don't give many.
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It could be. There are some possibilities where Ethereum as a cryptocurrency may explode in Value like how Bitcoin did and there reasons alike that prevent it from doing so. Ethereum is a blockchain which has tremendous capabilities in comparison to the Bitcoin Blockchain.
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It will depend on the price. Sometimes the price could be high after listing on exchange, and in this situation you can sell your tokens. Otherwise, it's better to hold your tokens if the price is low after listing on exchange. You'd better wait for a high price.
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Personally, I prefer to be a bounty hunter to an airdroper. The rewards we get from bounty are more than airdrop. Besides bounty rewards are more promising than airdrop's. Just you know that either being a bounty hunter or airdroper sometimes won't get paid.
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Cryptocurrency market in this August is terrible. Now at the end of August and going to the beginning of September, the market shows green line and most of cryptocurrency get to increase. Hopefully, it's going to be a good news and continuously go further. All its depend on the big player to move and fluctuate the values. We might face high opportunity to gain a huge profit or to get high risk a big loss, depends on the major crypto news cycles over the coming months.
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An investment in an ICO is a hugely risky investment, since you are investing in a project. A large fraction of these innovative projects fail, and for a wide variety of reasons: poor execution ability, weak market or too few customers, aggressive competition, or simply the whole project is a scam. However if you want to invest in an ICO, it's better not to put all of your bitcoins into it. And do some research before it.
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Bitcoin is a digital currency that is better than cash or gold. Like cash and gold, it’s value is based on demand, but both cash and gold are supposedly backed by something tangible. Bitcoin has nothing tangible backing it, but because of its decentralized, secure and fair functionalities, it will continue to increase in demand.
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According to me the biggest risk is the declining trend of the crypto you invested. The second is the ban by local laws/policies. The third is the loss of your password or key. And the forth is whether the cryptocurrency you invested will survive in the competition.
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I guess so. One reason why this might happen is because of the nature of how cryptocurrencies work. This is the one I would bet on the most. There are about million factors that can affect the value of bitcoin or altcoins, and these drops are something that was only natural and expected, especially now that the market is flooded with more investors than ever. The fact that over 40% of bitcoin is owned by around 1000 investors who are for this reason able to significantly influence the market. This means they can manipulate it if they wanted to.
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This might have a negative impact on crypto market, but there is a positive thing in it. Facebook is banning only misleading advertisement s related to cryptocurrency, which means it bans those adsvwhich are really doing scam. And I think it's a good idea.
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Cryptocurrency prices are largely driven by news events. I believe all those bad news are making negative impact on cryptocurrency prices. People have started selling their digital assets to secure themselves from big loss. As price is largely driven by faith and fear, so its falling continuously with continuous bad news one after another.
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Similarly in my country, bitcoin is considered as virtual currency. It can be used for purchasing things but it treated as barter. Unfortunately, bitcoin isn’t treated as legitimate payment option. It is not illegal to use bitcoin but since it doesn’t have legal protection, our position as buyer using bitcoin is weak.
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I guess it's already a global currency. Bitcoin has a global acceptability based on the three main features of the global currency. They are; unit of account, store of value, and medium of exchange. However the one thing that holds bitcoin from being a global currency is the volatility - value fluctuation. That is the biggest barrier for using digital money in everyday transactions. But if we will manage to level this problem, bitcoin can be a global currency.
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Bitcoin itself isn’t a ponzi scheme but the bitcoin service providers or sources could be ponzi. Those people don't understand about bitcoin. Bitcoin is not only money, it is an amalgamation of money, economics, psychology, philosophy, and maths.
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