What sort of question is this? Anyone who has invested his money in Bitcoin (or for that matter any other crypto) will be madly in love with it. For my part, the returns I got from Bitcoin was life-changing for me. I will never get that sort of returns from any other asset.
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What is so special about Litecoin? It is just an ordinary altcoin and there are hundreds of other alts out there which are backed up by better technology. I am still surprised that Litecoin still ranks among the top 10 crypto-currencies.
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It is better to have both coins because BTC usually has different trend comparing with other altcoins - during BTC Pump we usually see altcoins dump and vice versa...
Obviously it is better to have both the coins... but the question here is which one of them is the better coin... For me, it is a tough call. I first invested in Bitcoin almost six years back and BTC made my financial situation much better. My heart is still with BTC. But at the same time, I can't deny the fact that ETH is having huge future potential.
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The last time I checked, more than 5,500 different tokens and altcoins are in existence. Some of them exist only in name, as they are not traded in any of the major exchanges. Some of the coins have died out completely, such as Ixcoin and Freicoin.
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I am not that excited about this year. The trends so far have been overwhelmingly negative. All the major coins such as Ethereum, Ripple and Litecoin are down from their peaks achieved in 2017 December.
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Maybe everyone of us afraid in hacker as they can stole our money anytime and there nothing we can do but to watch only. I was hoping that hackers will all die so that no more hacker will happen in the future and we can trust each other.
First of all, if you keep your coins safely and securely, then none of the hackers will be able to steal your coins. First, get a good antivirus for your system and secondly refrain from clicking on dubious links.
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I was never a big fan of trading and I have seen my friends losing almost their entire holdings in day-trading. That said, nowadays the signature campaigns are also not paying that much. Too many people are applying for these campaigns and the payouts are declining.
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Sooner or later, some coin is going to replace Bitcoin. But no one knows when that is going to happen. It may happen in 2020, 2025 or 2030. There is even a chance that Bitcoin will remain as the no.1 crypto until 2050. In case Bitcoin loses its dominant position, then those who chose to hold the coins will be facing huge losses on their investment.
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I have a feeling that neither of these two coins will emerge as the winner this year. BTC and ETH has been in existence for such a long time and now they may get replaced by coins with better technology. There is a strong possibility of some new coin overtaking both these established cryptos.
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It depends on which altcoin you are investing in. There are some altcoins out there, which are having huge future potential. These coins are having small market caps and they are capable of giving you 10x or even 20x returns.
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I hear a lot of rash words about this coin, but I do not understand what's so unusual about it. What is it that attracts investors so much?
Investors are always in search of some magic coin which can give them 1,000% returns in 10 days. All it takes is someone to spread wild rumors about this coin. The pump will start within the next few hours. The same has happened with this coin as well.
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Please give us a little more detailed information. Is this address from a desktop wallet, or an online wallet such as myetherwallet? Also, how did you stored your private key? Did you saved it in your laptop or did you wrote it down somewhere?
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It is normal for the price fall down. But it is up to you if you will be panic and sell your coin at low price. If you are smart think it first before doing anything that will cause your big loss. You should know how to handle your coins carefully.
It is not very easy. The probability is that the Bitcoin price will eventually recover. But no one knows how much time it is going to take. If the recovery takes 2 or 3 years, then many of the users may not be having spare funds with them to last that long.
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so true. the panic keeps the bitcoin price down, and this makes the news of bitcoin dropping more trustworthy and ultimately affect the selling price.
In the long term panic selling can be beneficial to the future of Bitcoin. If inexperienced and non-serious users dump their coins in the form of panic selling, then that can mean that more coins will be held by the serious and experienced users.
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As bitcoin being branded as the biggest wealth distribution of all time, then we can simply say that people who believe, invest, utilize it will probably become wealthy. So let's not stop believing in bitcoin and hodl strong.
As of now, the market capitalization of Bitcoin stands at $112 billion, which is around 0.03% of the global wealth. Due to its extremely small share in the global wealth, it is not possible for Bitcoin to act as a tool in the wealth re-distribution.
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You cannot compare gold with bitcoin. Sure gold has had a very volatile trading price at the first days of trading gold and bitcoin has the same chaos chart with massive ups and downs so this is a very nice similarity between both of them. However , bitcoin and gold are 2 different things that can be compare only by the fact that bitcoin can be called "gold of cryptos".
I am surprised that you are considering gold prices as volatile. The daily fluctuation in the gold prices hardly amount to more than 1%. On the other hand, the same for Bitcoin can be as much as 10% or 15%.
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I first made my investment in Bitcoin almost 6 years ago. Ever since that date, Bitcoin has given me unbelievable returns. So I have faith in Bitcoin, irrespective of the market conditions. I would call myself as a true believer of Bitcoin.
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I wish I was joking but this market will take at least 2 years to recover and build momentum again. Market fundamentals have changed!
I am not very surprised. After the peak prices were attained in 2013 December, it took more than 3 years to reach those levels again in 2017 January. So I won't be surprised if it takes two or three years for a recovery.
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If I was given $10,000 for investment, the following would be my allocation for various coins:
1. Bitcoin: 50% of the total amount. 2. Bitcoin forks such as Bitcoin Cash, Bitcoin Gold and Bitcoin Diamond: 10% of the total amount. 3. Established altcoins such as Ethereum, Litecoin, NEO and Stellar Lumens: 30% of the total amount. 4. Emerging altcoins such as Deep Onion, Denarius, Mobius.etc: 10% of the total amount.
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