I agree it can be quite hard to believe in ICOs with so many scams being shrouded in the form of ICOs and people losing money to them on a daily basis but I stilll believe that ICOs are a good way to earn a lot of money. They have just made it harder to find out which of the coins are legit projects with so many coins being pushed out daily.
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Yea I am buying altcoins because as much as I love bitcoin I am not blind to the fact that altcoins have a lot of potential to make me a lot of money and I am not going to let that opportunity pass me by. With altcoin projects like ethereum and NEO you would be making a big mistake if you are not investing in altcoins and also keeping yourself from making a lot of money
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Ethereum is a very good project and you can never go wrong when you are investing in ethereum. Ethereum is one of the best coins out there, in fact it is one of the top two coins and it is the best altcoin out there so if you are looking to invest in altcoins then your first choice should definitely be ethereum before any one else. Don't be afraid, ethereum is a good coin to invest in
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I will definitely sell off all of the coins. With a pump that high there is definitely a crash in prices coming so I know that I will sell off all of it, wait for the price to crash back down and then I will buy into the market again and buy the same coin. Or you could decide to sell off half of it and take out your initial investment so it's remaining your profit and no matter what happens you can just hold through it knowing you have your money out.
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Reasons why #Bitcoin is droping:
- Not a single rebrand since 2009 - No "huge news" or "strategic partnerships" - Not enough airdrops - Not enough PhD graduates on the team - Team not doing bounties... - Logo is not cool - Satoshi is not being communicative
This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this
Satoshi has never been communicative and still the prices where increasing. Real reason is that big whales took exit when prices peaked at $20000. Simple and clear. It was the whales who pumped the prices $20000 and when they all hit their mark they all started to exist the market and take out their money and profits which is why the market started crashing. Satoshi not being communicative but still prices begin to go up, He does not need to be in the market to affect the prices, there will be another pump and dump, you just have to be able to spot it.
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Correct me if I'm wrong but I though Japan was already the bitcoin capital of the world, seeing as bitcoin originated there and people started using bitcoin there in Japan. They have the highest percentage of crypto users and investors in the market and a huge chunk of bitcoin value comes from Japan's investments. They don't have to plan to become the bitcoin capital of the world because they already are.
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Satoshi Nakamoto is not even an actual name for whoever created bitcoin, they use that pseudonym in order to keep their identity secret and I have to say it is working out for them very fine all these years. No one knows who Satoshi Nakamoto is, we don't even know if it is actually one person or actually a group of people who used a single name to throw everyone off.
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Bitcoin price going up has always being dependent on the ratio of demand to supply. The price is going up now because a lot of people have stopped panic selling and people are actually buying into the market which is increasing demand which in turn increases the prices. I guess there are other factors that could make the price go up but this is the major factor.
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Well this is the reason why people are being told to use a non-contract wallet where your private key isn't being held by someone other than yourself because if you do not control your private keys then you do not entirely control your coins. Use non contract wallets like myetherwallet and once you register you get your own private key to keep safe by yourself without it being stored by the site.
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The best way to store your cryptocurrency has always been to store them offline in a hardware wallet or cold storage. If your coins are stored online there is always a possibility for you to get hacked and have all of your coins stolen. If you have coins you are planning to hold for a long time then you need to get a hardware wallet to store them and keep your private keys very safe.
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It would be because there is such great potential when it comes to making money from bitcoin and more and more people are starting to notice this so they are all getting on board. Also bitcoin transactions are easier, faster and more efficient than conventional methods of sending and transferring money which is also an attractive feature about bitcoin.
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Bitcoin price might go up a little but that does not mean that the price will actually stay up and keep going up. By now we all already know that bitcoin price is very unstable and can change in a minute so we can only watch and see what happens to the market but for now it seems bitcoin has gone back to the $6k territory again so I don't think we are getting out of the bear market yet.
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I actually prefer bitcoin over all others because bitcoin is the first and it is what has made me the most money in this market and there is no way I could go back on using bitcoin and it was the first and the reason we are even talking about cryptocurrencies and the reason we even have a crypto market. Next for me would be ethereum because the tech is sound and the algorithm is too.
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A lot of factors can affect the price of bitcoin and actually cause the prices to drop. FUDs are one way that prices drop because some people see negative news online and do not bother to check to authenticate these so called news and they end up panicking and selling, dumping coins into the market. Another one is an imbalance between supply and demand and if supply surpasses demand then prices go down which is what is happening to the market now.
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A lot of countries have already legalized using bitcoin in their countries as a form of currency. The reason a lot more countries haven't accepted it is not because bitcoin is not good, but it is because they have not found a way to put taxes on bitcoin income so they are taking their time until they can tax it before they approve it for use in their countries.
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This is true for me too. a lot of people panic and sold off all of their coins because they were scared prices would keep dropping and it will never recover and their selling off that many coins contributed to the drop in prices. I am glad they left though because it shows that they had weak hands and now they can leave the market and leave only the serious investors to enjoy the bull market.
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We really do need principles and regulations in this market. For a market this young and volatile it is very susceptible to insider trading and market manipulation. Principles and regulations will help take the power off the hands of a few people who can sway the market at will in their favor just because the own a large number of coins.
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This is not a competition, all cryptos are in the market together and the price of one, affects the price of all. If bitcoin prices go down, they follow suit and if bitcoin prices go back up, other cryptos start going back up too. Bitcoin was the first and it is the reason we even have a cryptocurrency market. It is not a competition, they're all just trying to keep their heads above water.
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Bitcoin price will never be stable as there was never a price tag placed on it when it was created so it will always be volatile and the price will fluctuate all the time. Bitcoin is quite susceptible to pumps and dumps now but I think if the right rules and regulations are put in place by the government then this can be stopped and the likelihood of insider trading will depreciate too.
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You can try to mine bitcoin online by using faucets but these are not very good and they do not produce a good number of coins. Joining bounty and signature campaigns here on bitcointalk is also a good way to go if you have a good rank on your account. They usually pay out at the end of ICOs and you can earn some free bitcoins that way.
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