A wise person once said that we can never be successful in life if we don't take any risks. Apart from this, cryptocurrencies have shown huge gains over the last few years and may be that is why people are so delighted to take the risks and invest in crypto coins. Anyways, there aer many risks involved in crypto such as * stealing of funds * investment fraud *losing funds by sending to wrong addresses *lack of coin development *speculation *volatility *pump and dumps *panic selling * losing money in trade etc...
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This year's beginning definitely has not been good for cryptocurrencies. Atleast for Bitcoin we can say. Although the last year's ending was a great gain for almost all the coins but as 2018 started most of coins were in decline and it has been the same way until now. We cant really say what is going to happen later this year because there are still 11 months for the year to end and cryptocurrencies could move in any direction in this time. I do get the same feeling that cryptocurrencies will fall this year, mostly Bitcoin as the way it was going till now. From $19k it has reached to mere $10k which is really bad for crypto. All of us would definitely be happy if BTC crosses $16k again.
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Yes you have a lot to learn indeed. The Bitcoin and Altcoin correlation is one thing which many people get confused of and is sometimes really difficult to understand. It actually depends on how the market is reacting to the price speculation. If Bitcoin is going up so will the altcoins because you are probably seeing it in dollars $ . Bitcoin is paired with $ and since the $ price of BTC increases, the altcoins' $ price increases as well. Sometimes when the Bitcoin's price falls down, the altcoins' price goes up since people will be transferring their money from BTC to Altcoins and the vice versa. So it depends on how the market is reacting to the speculation.
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I don't really that is gong to happen. The guy is just trying to spread a FUD in the crypto market. There is no real reason now for Bitcoin to go down as it has been down for many days and just recently it has recovered the price fall. If anything is gonna happen then it must be Bitcoin going in the upwards direction. Most of the coins have been laying idle for a few days. I believe that BTC will soon rise when we see a spike in the number of market cap.
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It indeed is too good to be true. Cloud Mining is not any good now because of Bitcoin's difficulty. You won't be able to make any major profit through cloud mining. Most of the sites which claim to give huge profits in cloud mining through investments are probably fake and will scam you for sure. Cloud mining cant make any worthy profit now and os it is best to avoid any such investments. It would be better to invest that amount directly into trading. If you just want to do the mining, then you should be doing the traditional mining by buying hardware and building mining rigs.
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There are two major reasons which I know of through the price crash of BTC occurs and they are * News and FUD * Corrections The Bitcoin price crash occurs when there is a certain news about a country banning it and so people FUD and then panic sell their coins. Most of the FUD occurs because of rumors such as the recent one of South Korea. Corrections occur then and there because of volatility and profit taking of the traders. When the coins go in upward direction for a long time it has to come down a little to maintain its stability. This is why minor crashes occur then there for a healthy growth of coin.
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I don't think ETH will make anybody poor since it is still at only $1k while its potential is being at least $10k now . ETH cant be considered as a bubble since it took long enough for ETH to rise to this price. It's technology is crazy enough for it to be at this price. There are so many ICOs which are using as a mode of payment. People are constantly trading ETH daily and that is why it has raised to this price. There is no bubble and hence it won't pop. ETH is a long term currency which has a long way to go. Hold it to gain more profit at the end.
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It is not at all possible for Bitcoin to be stabilized since it is a decentralized crypto currency with large fluctuations all the time. It's volatility is huge enough to make it an unstable currency. It cannot be stabilized since there are many people who keeps buying and selling BTC from all over the world. Hence it's price keeps increasing and decreasing making unstable. Even being an unstable currency it is still ruling all the other cryptos by a dominance of approx 35% . So people keep investing in BTC whether or not it becomes stable or not.
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Well that's really a huge amount to loose since it is worth $1.2 billion . I would definitely try to find its owner and contact him and know who he got to send me such a huge amount. I am not so kind enough to give him back the whole amount for his mistake. So I will probably keep some amount for myself and then return the rest to him. If he has made a genuine mistake and need the amount desperately may be then I would give him his amount back. We can also use this amount for a while to make us some good profit and then return his amount to himself which will give both of us a profit.
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People are finally getting to know that it was just another dip of BTC. Some even thought that it is dead and would never recover. I personally knew that this is how BTC works and it will soon recover the price. Bitcoin is definitely making some spikes but still there are minor dumps in its price which shows us that it is going healthily through waves. Bitcoin will soon cross $16k and will create another ATH after it crosses $16k. The average number of transaction is still low for BTC which will still cause issues but then there is nothing we could do but just wait for the LN to be implemented.
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The term of holding the coin should be decided by you. You must first strategise your trade and then start with it. Decide how much gain you are aiming for and then stick to that. According to the gain you must hold on to your investment and then sell the coin as soon as you reach your profit. You must not regret of selling your coins since hou already had your profit. Dont be greedy and play your trade with a calm mind. Dont sell in a loss.
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Bitcoin prices were dropped a few days ago but the price has started to increase now and we can see that Bitcoin has recovered more than half of the dropped price. It can still be a good opportunity to buy some BTC now since the price is not so high yet. The charts seem to show some gains but the potential of Bitcoin says us it will cross the $20k goal within a few months. So yes we should definitely consider buying some BTC now as it will return us good profits a few months later.
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Your title and the content you are posting are a complete mismatch. I do agree that the major banks have now suspended the accounts of major crypto currency exchanges of India but Bitcoin trading is not banned in India yet. The actions taken were made by the banks and not the government itself. Bitcoin and other crypto currencies will still be available for trading. The problem goes to the exchanges now and indirectly to it's customers.
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Between XRP and NEO I think NEO will turn out to be more effective in the long run because it is considered as the ETH of China. It will surely rise more in future as the its charts show us that it has gained more over the last few months. It might cross $500 within this year according to my speculation. XRP on the other hand has a good potential to return more profits but is highly controlled by the so called Bankers. It can return more profit since it is only $2 yet.
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Don't know if the market will drop further after this Bitconnect news.
Are you guys waiting to go in more or just going in now?
I don't think the market will drop any further because we can see the price of Bitcoin spiking up right now. The price dropped upto $9200 and has recovered back to $12500 and will probably rise further more. We might see BTC into the $16000 market in a week soon if the growth occurs at the same rate. This is the start of the BULL run people are referring to. Bitcoin will surely create a new ATH within 2 months. So this definitely isn't any going any lower now.
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Almost all the people who are into crypto prefer Bitcoin to invest their money into as it is the top most coin in the coinmarketcap. As per coinmarketcap BTC has amlost 35% dominance in the crypto market which makes it the king of cryptos. There are many other good projects and coins out there but Bitcoin is the most trusted in all of them. Everybody knows its potential which is why they invest in it. Apart from this, all the coins out there are paired with Bitcoin and so a person prefer to get some BTC to buy the Altcoins.
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Information is the only necessity for survival in Crypto and I say this from my own experience. A person who is not well updated towards crypto wont be able to survive long enough and might loose good number of opportunities to make money. The crypto market works on news as most of them are FUDs during which people panic sell and we get the opportunity to buy coins at lower prices and the other are the hypes when we get the opportunity to sell our cheap coins for higher prices. So regular updates are necessary to make more than usual profit in crypto.
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I do think that ETH has better chances to spike up in price since it survived the recent correction despite all the coins declining. The price didn't go much down as compared to BTC. But now since the correction is over and Bitcoin is quickly recovering it's price there are pretty good chances that Bitcoin will take the lead. The charts from the last year showed similar directions and it indicates that a BULL run is sure to come now and we might see a new ATH in the upcoming months. So you might consider ETH first and then BTC to give you good short term gains.
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Ripple has a much better chance to go to Zero than 10,000 at anytime in the future. LOL It's not even a crypto currency and should not be listed as such. It's centralized and you never hold your value. Someone else does... good luck.
Strongly agree with this point as it is completely centralized and being monitored all the time. As soon as the currency reaches a higher price the owner of the currency releases many more coins in the market. It's market cap is so much that it is near to impossible for XRP to reach $10000 within 2 years. It took Bitcoin 9 whole years to reach the $10,000 being a decentralized currency with limited supply. XRP on the other hand is centralized and has a whole lot more supply. It can't reach $10,000 until next 5 years for sure.
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You can start Bitcoin or crypto trading whenever you want and with as much money you want but the thing is you must know how to trade and how to survive the waves. Anybody can put money into cryptocurrencies and start trading but the profit comes only when you know when to enter and when to exit. Even if your predictions are wrong, a good entry and exit point will earn you sufficient profit. You must not panic sell your coins when the down trend begins. You must learn to hold the coin during the downs and sell the profits when the ups.
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