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I think it is too early in this kind of speculation given to the fact that crypto is still in its early stage. But judging from fact it is clear that crypto will see a high level of boom in the nearest future. The technology is still very new and gradually it has gained so much recognition and adoption has many companies are now seeing how effective it will be to adopt crypto kn their day to day activities. It is normal that as demands incrase so will the price of crypto also rise so definetly there will be crypto boom again
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I experience this all the time, most especially in times of Bitcoin sharp dump, i loose a whole lot of money, to some extent i feel depressed and sad at the same time, but what i do is to quickly go to YouTube and watch the success story of most successful traders, i take out time to learn of their working strategy and how they have been implementing it to work in their favour. From there i pick some inspiration then bounce back to my normal trading with an improved strategy. I have been doing this for quite sometime now and it has been effective
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One of the difficulties many face in crypto is how tk convert their crypto coins to local fiat which they can use for their everyday runnings activities, .providing an easy way for this conversion will have a positive effect on crypto mainstream movement
This is a good step that CZ have taken. Given to the fact that Nigeria is the most populous black nation, getting the attention of crypto enthusiast in that region will go a long way to aid the global adoption of cryptocurrency and Blockchain technology.
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One of the biggest physiological mistakes beginners traders make is that of buying when the price is already high, most are deceived by the pump they see and to their thought they think it will continue to have an upward trend forgetting the possibility of retrace in price and correction, they jump into an already pumped coin for the fear of missing out (FOMO) and at the end it does not always end well, because the coin will dump due to price retracement. Every beginner trader to try to avoid this physiological mistakes if they want to start up their trading activity on a good start
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I used to be so addicted to my phone that sometimes usually used to be carried away with operating my phone even when i am in the midst of friends and family discussing important issues which has became my very bad habit, but upon being corrected by my friends of how bad the habit is i had to adjust and now i am no longer addicted to my phone i only use it when its necessary and on now account will i allow it to distract me durring an important discussions. This is applicable to all who are so addicted to their phones, to break out of this addiction they can discipline themselves to only use their phone when it is so necessary.
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You have listed mist of it, i will like to chip in this, luring people to invest in scam ICO all in the name of listing on binance later after the ICO, this is an outright scam indication and one does not need any expert to reveal to him/her that any project that uses the Binance listing charade its a scam.
Another is hosting a private sales on an open telegram group, private sales are meant to be private so hosting a private sales an i public group its just a desperate means to scam investors ot their money and it can be tagged as a scam tactics
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Just like how investors are scared to invest in any other business in its intial stage, so does it applies to crypto also. Many up till now still see crypto as a mere speculative tool which is higjy volatile, they fail to see the usecase of crypto and how it can solve real life problems, if we can enlighten them on the fact that crypto its not just a speculative tool but can be use to solve other problems then we can be able to win a handful investors into the crypto family
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Yes it is so clear that the quality of exchange in which a token is listed on have a notable effect on the price of the token upon listing. I have participated in many bounties and i can for sure tell you that almost all bounties in which their token got listed on a top exchange have paid well whereas those listed on a low tier exchange struggle to give a profit which is not equal to 1/10 of what you earned by IEO price durring the bounty. So to say i always check the possible exchange a token will get listed before i partake in the bounty so as to minimize disappointments
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Back then in 2016 i used coinbase but as many alternative coins surfaced i had to change and switch to coinomi due to the fact thatthat its a multi-coin wallet and at thesame time had an inbuilt swap known as shapeshift and changley where one can convert its bitcoin to altcoin and interchangeably convert your altcoins to bitcoin, but as of last year i discovered that coinomi fee for transfer of token was relatively high so i changed to trust wallet. It is a multicoin wallet with an inbuilt DAapp feature and has low fee for transfer, am really enjoying the wallet
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This is the main reason we need regulation within the crypto space. We have many scam project that uses the leverage of the decentralized and free nature of crypto to perpetuate scam and Rob investors of their funds. They establish this scam with fake large telegram groups, fake team members and fake hype. That is why it is advisable to always do research in depth before investing as an investor, check to see if the team information are verifiable on LinkedIn and from other crypto verified and reliable rating sites
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For a very speculative asset like bitcoin, there must be risk presently the price of bitcoin is down at the moment and many that bought at a high price are in loss now, but the high risk and volatility of crypto makes it more rewarding if managed well. In a twinkling of an eye cryptocurrency can provide good profit which makes it also rewarding. The ecosystem of cryptocurency makes it a high level risky investment and also a highly rewarding investment if managed well
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Buying bitcoin at this moment its higly risky as it is so volatile at this moment and no one knows if this is the rock bottom or if it might go deep than this, to be safe buy bitcoin when price starts pumping again at that point you are sure that the dump and correction is over. The present price of bitcoin is mainly as a result of the FUD from China of China closing down its local exchange and for now it seems as though the FUD is over so anytime from now BTC might jump
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Most people tag this dump to the police raid on binance office in Singapore and others also tag this dump to china announcing the closure of some of its local exchange. But looking at charts and predictions this dump has been predicted and anticipated considering bitcoin quick jump to $10k, by market history and charts a little correction ia needed and this is what is happening now. The dump might persist for sometime but after the correction we might aee another ATH for bitcoin and some other altcoin
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I have the problem of control before, not untill i incurred some huge loss through gambling that i had to sit down and develop self discipline in terms of gambling. Today i have improved alot qnd i can resist the urge to gamble anytime i don't want to gamble. These has helped me alot to manage my funds and i will advice all gamblers to get a grip of their self when it comes to gambling. Make sure you not addicted and if you are already addicted try to build your self discipline, this will help you alot
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Gambling itself is not bad but what is bad is the addiction to gambling. Being addicted to gambling its one of the fastest way to become wretche, Poor and depressed. The easiest way to enjoy gambling is to gamble with focus and discipline and avoid greed. Set aside money you can afford to loose you would want to use for gambling and stick to it no matter what, thats where discipline comes in, do not ever exceed your budget for gambling. Always gamble without emotions and greed once you ser profit step and try another day don't be tempted to continue, you might end up losing all you have made and even your capital
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Both are risky but i will say forex trading is more risky because it deals with margin. Forex is also centralized while crypto is decentralised and you a bunch of alternative coins to choose from, so a novice in online trade i will advice you to go for cryptocurrency trading its volatile also as forex but its risk can be minimized to some extent. With constant learning and self development its more easier to learn the concept of cryptocurrency trading than that of forex, you do not need a broker to trade on crytpo all you need is a reliable exchange and you can begin trading.
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I think i can classify myself among the group of smart holders that hold bitcoin smartly. Smartly in the sense that i watch closely the price of bitcoin, read charts and indicators, follow news and rumours, so i sell anytime i noticed any fud against crypto either by government or by some cooperations then i watch closely to see when price starts going up again then i buy and hold till the next dump or correction. Repeatedly doing this makes me flow in profit at all time so i don't need to worry if bitcoin dont gets to $20k fast, because am already in profit from my smart
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Presently i think one of the best new trading platform with its own tokenq aside binance, okex huobi and the res should be Bibox. I have watched that exchange closely even when they have little volume till now when they have over $1Bilion volume. Its a promising exchange with good simple to use user-friendly interface and it has a good 24/7 multilingual customer support that resolves customer complaints fast. Its security system is also robust. Presently its native coin known as the Bibox token (BIT) is already rank 227 on coinmarketcap ranking with great potential to rank up high in the
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