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yes, the decline in the price of bitcoin and other cryptoqurrency is common in this industry, so it's not so surprising if the price of btc goes back down to the lowest price of $ 70k. but I believe behind all this there will certainly be something else that will surprise market users, and I believe when the price of bitcoin falls at its lowest price then it is most likely that when the market improves btc prices can return to their highest prices again.
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and maybe project fraud still continues in this industry space, we have seen that there are many types of projects that did not keep promises during the 2018-2019 period, such as the project example you said above is very frustrating especially for project investors & prize hunters who join in inside of it. but I realize that crypto spaces are free so the risk of not getting coins or profits from project investments is common. it's important to always be vigilant before joining any project someday.
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Bitcoin will never have the option to turn into real resources like gold. talk about the fact that gold is a profitable investment every year, in contrast to bitcoin, bitcoin is a profitable investment but does not have the same thing as gold. bitcoin can only be used as a digital investment tool and has no real form.
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Yes, the price of cryptoqurrency is very volatile and you can see that the BTC price chart is currently down, precisely the range of $ 6,921.93, besides this is a good opportunity to buy and hold it. I believe that BTC always has the opportunity to raise prices even higher, I believe that BTC can touch $ 9,000 by 2020.
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I am a little confused to understand your question, maybe you mean about a bad project turned out to be successful and vice versa? if so, I think the first thing depends on your own research and how much you believe in the project, but don't forget to research the entire project too, such as the developer & team background, concepts, products, road maps and project partners.
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1. Yes, research is your main key before joining or taking part in this industry. and I think investors already know about this step, on the other hand smart investors will never invest their money in the wrong place.
2. That's right, I personally always find out about any project there, in my opinion this is very helpful for all of us especially investors and prize hunters.
3. Never invest all your money just to invest in a project, my suggestion is to set aside a portion for real investment in the top cryptoqurrency in the market.
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I did not take much profit after playing altcoin to trade, maybe only a few% profit from the purchase price at the beginning of last year. well maybe because this is a bad year for the altcoin market. no profit exceeds (ROI) and even the price decline continues. but the factors behind this can all be due to demand and supply in the market, and maybe like many altcoin investors who turn their viat into btc, or altcoin investors prefer to remain silent while waiting for the market to recover.
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as I said before about new coins is far more risky for investment and trading. especially with MATIC coins, you should have known when they experienced a sharp increase of up to 180%. and that is a warning. I mean this, if there is a price increase outside the estimated limit then you immediately sell it. No need to wait long to play coins like that, and sorry you might have passed the best moment.
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My hope in 2020 is a good year for all cryptoqurrency spaces, because for 2 years we have experienced difficulties, especially regarding market prices, many coins lost their value and project fraud. I think if the price of bitcoin can be significant again to $ 90k - $ 100k, maybe altcoin will also follow the rising trend of bitcoin prices again. I'm waiting for this.
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out there are many coins that have great potential for long-term investment and some of them as you have mentioned above. in my opinion they are profitable investments in the future such as bnb, eos, Eth have real products and are widely used by project developers as well as for long-term investment.
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that's because bitcoin is the king's coin in this industrial space, even so many new and old coins to date none of them can replace bitcoin. bitcoin is a profitable investment, and you don't need to worry if you want to invest with bitcoin for the long term.
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Yes, every coin has a chance to raise its price in the future, but I rarely find coins that can survive in the market and unexpectedly a few years later the price rises dramatically. actually this depends on the user, I mean many holders are impatient or choose to sell quickly and finally it turns out that the coins they sell have great potential in the future, on the other hand many people are in a hurry to sell because of necessity.
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the first is maybe the crypto world needs a way to deal with the problem of project fraud, this is to pull back the confidence of the project investors again. and second is market adoption. more and more market demand, might be able to influence market conditions for the better and maybe there are still many other things we need for this cryptoqurrency space.
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in my opinion if Facebook coins were available in this industry it would not have a big impact or influence on major coins like BTC. as we have seen many new or old coins that already exist in this industry have absolutely no effect on the price of BTC. so, I don't think you need to worry about BTC prices, maybe the presence of facebook coins will only have an impact on the adoption of new users and won't make the price of BTC go down.
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From my point of view, scam projects have taken away the glory of genuine projects.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
Missing interest in investors is somehow obstacle to growth and further research of dApps projects.
I think, rugulations will solve the topic to great extent, but is there any other way to stop the scamming and not just going away from it?
Please apply your thoughts.
a very interesting topic for us to discuss in this forum because there have been so many scam projects that have made investors no longer trust the new altcoin. and in my opinion all parties must work together to kill all scam projects. as in the bitcointalk forum must have stronger rules so that projects promoted through bounties are all projects that have good quality. so the forum admin must do further verification about the truth and validity of the project, so that what is in the bounties thread is all projects that have passed verification. I fully agree with your points, maybe with regulations or verification for each new project that wants to be released on the prize thread can reduce the risk of fraud. but the main problem is the ico service. I mean, I've heard of an ICO service with $ 50 in capital & can make millions of dollars from the results of project fraud. and anyone can easily utilize the service for negative purposes. if someone is still using the service it is of course difficult to find or eradicate fraud projects completely. |
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a little erroneous, not a big opportunity for those who know that altcoin time will come but a big opportunity for those who still believe in altcoin. in this connection I also agree that altcoin still has a chance to continue to grow in the future, like the highest altcoin in the eth, eos, xlm & bnb market. I personally believe that altcoin that I have mentioned is a potential and profitable altcoin for investment in the future.
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not only you, but we all also expect the best project in this crypto space. but other facts say that most new projects end in fraud and maybe thousands of new coins don't have good price development and even feel like dead. in my opinion if you want to invest with altcoin it's better to choose the top altcoin that is clearly on the market and many are using it for long-term investment, at least to minimize your investment losses.
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let someone tell the joke, but not for me. I mean even though ethereum prices are down but I'm not sure whether ethereum will fall at the lowest price or at the price of 0. This joke is one trick to influence ethereum holders, especially for beginners or new investors who are easily tricked into a kind of FUD. for me personally, ethereum will always dominate the second market in this industry, ethereum has a strong team and they are very worthy of future investment.
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btw, you mean (they are) social media prize participants? yes, actually ico SCAM is common, on the one hand many participants of social media campaigns don't really care whether the project is a scam or not, because the most important thing for them is to join and join every new project that comes up. but in most cases beginners are one of them.
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maybe it's just about speculation or trust before someone invests money in any new project, because most investors also don't know that the money they invest turns out to be in the wrong place. but I still believe smart investors know more about this and they will always be vigilant before investing in any new project.
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