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This is quite sad. This is the exact reason why i disagree with the idea of KYC presented by most crypto exchange platforms. Your identity can be easily stolen and people can easily harm you with your stolen identity. Once these platforms securities are broken, identities are easily stolen.
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The best places to buy Bitcoin with either cheapest fee or no fee at all are mostly the local platforms available in your country that provide buying and selling of Bitcoin directly with people who either want to sell or buy Bitcoin. A good example of these platforms is the localbitcoin platform which provide a diverse number of people from different part of the world either selling or buying Bitcoin. Also some exchange platforms provide cheaper fee for buying bitcoin such as coinbase.
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In the next 10 years, the crypto ecosystem will a lot of real people who truly understand the purpose and the benefits presented by cryptocurrency. A lot of the current crypto coins which are very volatile in 10 years to come will become some how stable and about 40% of the world population will be using cryptocurrency for their daily transactions for goods and services. I also believe that in 10 years to come, cryptocurrency will be very easy to use compared to now.
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Base on my experiences in trading and buying cryptocurrency on exchange platform, Binance is currently the best exchange platform to sell your altcoins if only they are listed on this platform. It has a good user friendly interface that makes it easier for anyone, depending on your level of knowledge about how to use exchange platform to buy and sell their crypto coin.
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Mining is definitely still profitable. Just like any investment opportunity, having good strategic plans help you know how long to invest and earn good amount of profit. Mining is a long term something. You will not making profits after just a week of setting up a mining rig. It is a long term avenue. You just need to understand and invest in it as a long term project.
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The only way to become a successful investor in the crypto ecosystem is basically by researching and understanding the factors that influence the changes in the market value of a particular coin or any crypto coin. This helps you as an investor to know the possibilities of making profits out of your investment. Ethereum currently is a good coin to invest in but I will suggest that you spend some time monitoring its trading trends and market.
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Investing in Altcoins is not just about the prices of these crypto coins. Its about understanding how the altcoin ecosystem works and knowing what altcoins to invest in. Etherem is a perfect altcoin to invest in currently. Fluctuations in the price of Ethereum makes it good for investors to take advantage of the change in its market value within 24hrs. It is very possible to make about 20% to 40% profit of your initial investment income.
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I believe that investors who invest during presales usually do that due to the bonuses provided during presales. Some even do just a little research or don't not do any research before investing which is usually influenced by the discounts provided by the crypto project during the presale. In the crypto ecosystem, investing into project during presales usually due to the packages provided by the project doing the presale of their tokens.....
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Being a bounty hunter isn't a career job or a career opportunity. If you are a bounty hunter and you see participating in bounty campaign as a job then I'm sorry to tell you that, you are deceiving yourself. Its high time that people in the crypto space and also on this forum to see bounty participation as a way to earn passive income or an investment which uses time instead of money for investing. You invest some portion of your time and earn a passive income.
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The only way you can be assure of making some reasonable profits from investing in shit coins is during the early stage of the listing of the coins. When you invest within the first period of the listing of shit coins, it is very possible to make a good amount of profit when there is a pump in the market value of the coin. But when you invest after several months of the listing of the coin, it will definitely disappoint you and you will end up losing your invested income.
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People actually end up buying shit coins when they just shift their focus on just the prices of shit coins within a specific time frame. Shit coins usually have the tendency of having a pump on their market value to about 400% of their initial value. This kinda pump attract greedy investors in the crypto ecosystem and they end up buying and owning shit coins.
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I just don't understand why people will spread speculations with no tangible evidence and reasons to back their claims. The speculation of China putting an end to crypto mining started in 2018 and no results were seen in this claim. Bitcoin mining is not the source of pollution in China, so people should stop speculating this to the fact that China wants to save its environment.
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It is a good initiative that people are allowed to pay their taxes in Bitcoin but I don't really think this will help with mass adoption of Bitcoin. People who are not in the crypto ecosystem need to be educated on what Blockchain technology is and the role Bitcoin plays on the use of Blockchain technology and also the purpose behind the creation of Bitcoin and Blockchain technology. This rather will help people understand and appreciate Bitcoin and blockchain technology.
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The solution to all the problems in the crypto ecosystem and the acceptance of cryptocurrency by the entire world is the understanding of blockchain technology. People are just ignorant to the fact that understanding the purpose of Blockchain technology and how it operates is key to knowing the relevance of it to the world. People are just concern about investing and making profits out of their investment without understanding and knowing how this can transform the financial ecosystem.
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Why do people in the crypto ecosystem usually listen to speculations make by others who do not understand anything about cryptocurrency and the crypto ecosystem? First and foremost, these people have no knowledge about how the crypto space operates and do not even understand the basic idea governing the development of it. Its high time we in the crypto ecosystem to ignore these speculations made by people do not anything about the crypto world.
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The situation is plain and clear, the market is growing steadily and not bullishly.
Everyone (incl investors) were hopeful of 2018 being a better year than 2017, it failed and left a lot of people in losses, now there are several blogs, posts, speculations and hope that 2019 will be the year and do better, but who knows if it will be more loss ? Or new profits ?
Let’s learn to things the right way, dyor, cash your profit and maintain a balance in your portfolio
Kindly contribute your opinion
Who says true crypto investors or pro investors do not know the reality of crypto investment. Even newbie who are into crypto investing know the basic reality of the crypto ecosystem. People choose to believe speculations as a form of defense mechanism to falsely assure themselves with the hopes of gaining profits even if they lose some portion of their initial investment income. Greed is the genesis of investors not facing the reality. |
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Before you start any trading or investment in the crypto ecosystem, you need to have a specific strategy which contains all your plans and the threshold to which you will sell or buy cryptocurrencies during the period of the investment. With such strategy, you will know when to sell off your investment and get out of the investment. Strategic plans are the best tool to help anybody know when to sell off or buy in.
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Being a pro in the crypto ecosystem is usually about how diverse you are in terms of your understanding about the basic purpose for the creation of cryptocurrency and having the necessary knowledge about the crypto space. These provide you with the tools to understand and adopt to any changes that occur in this ecosystem.
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I have bought few cents of bitcoin last year thinking that there will be bull run as it was being speculated by many of thr users here. Yet, the speculated bull run was never happeb and instead it goes down to bearish market. I was just thinking that if I could only just anticipate the bull run or the pump that never happen.
Now, that bitcoin has slowly I have never invested in bitcoin. The moment that its market price was 3k usd was the best time to invest with but still I am afraid that it could go down. Seeing it slowly recovering to 3.6K-4K means nothing also to me. Now that it made a huge pump up from 5K i have regreted that I never invested in bitcoin. I have never been anticipated.in bitcoin pump.
I am Newbie in cryptocurrency and would like to start a small trading scheme that would try my skills in the market movement.
What should I do? Invest now? or wait for.another market down?
As a Newbie in the crypto ecosystem and also to crypto investment, I think the best way to get yourself familiar with the underlying principles governing the entire crypto space and how to invest is by spending a good quality of time reading and researching on the trading trends of most of the crypto coins and also understanding the factors that usually influence the changes in the market value of these crypto coins. With this, you will understand when to invest and when not to invest. In the crypto ecosystem, knowledge is highly considered as power. |
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For how long will people still believe and fall for this speculation on the idea that China is going to ban bitcoin mining. And more over, Bitcoin mining farms are not basically companies that have their billboards around giving people directions to where their locations are. So if bitcoin mining or cryptocurrencies get ban in China, people will still be mining Bitcoin in as much that there is a ban .....
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