What happened to the market? In this week cryptos pace market I would say that a big dip is occurring. This might be due to the stock market literally falling in pieces all around the world, with some of the biggest brands losing up to ten percent of their value. People tend to say that stock market is unrelated To crypto market, but I beg to differ.
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Oh well, I suggest a conservative approach for this kind of questions. I could tell you what I would do, and you feel free to do as you prefer. I usually split 50% 50% between ehterem and bitcoin. Or even better I would do 25% bitcoin 25% ethereum and 50% split between the altcoins I trust to be good and valuable in the next five years
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I think ti was just about time that the biggest exchange in the world would duelist some if not all the shitcoins. I mean, there a re so many coins on the binance list that are literally worthless when it comes to the product, the team, the vision and the safety. Some of those coins were a plain scam, everyone knew it, but binance was still trading them.
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The best time to buan altcoins is during ico and initial token offering. It is very hard to get a better price than the ico price since investors wouldn't usually sell under their initial investment price, sounds pretty logic. But sometimes the market sinks so it could be a good time to buy in early day of the coin during a bear market
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I am really willing to see a good blockchain based game. Right now crypto kitties and the alike are not fun at all, and I don't like that you have to pay ether for every damn action. I have faith in trading cards game like gods unchained. The blockchain only assure you property of the cards, and other than that is just a card game like hearthstone. So that could workout. I think it is still too early for good games
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The best way to reduce scams is to just study! I mean, study the project and do your own diligence before investing in an ico! Or in any project. It is pretty easy to do, and the best thing you could do is to research the team. Who is the team leader? Does he have any experience? Is a the team even public? An anonimo us team is usually a red flag, excluded for this coins that focus on privacy
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I too believe 2020 will be a very good year for cryptocurrencies, even though no one could really predict the future. I think that the whole crypto space needs at least 1 or 2 more year to really get ripe and mature. Right now it is still a far west, even though a little less crazy the the end of 2017 was. So maybe in 2 years we will star to see real world wide usage of cryptocurrencies
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You should check some of the websites that aggregate airdrop channels. They tend to do a decent job, filtering out the bad projects and listing the actual working airdrop. Sadly though 90% of airdropped cryptocurrencies are literally useless and worthless. But you know, you could get that 1 coin that in 2 years increases 1000x in value. So maybe you have got 3 dollars worth of an airdrop, but if you hold the cryptocurrency that you have been airdropped for two years, you could find your wallet with 3000 dollars more. That is not a bad move, if you take into consideration that joining an airdrop is free and basically you don't waste much time doing it. I avoid Kyc though, because I don't trust giving away my personal information to anyone
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Ethereum is popular only because the ICO of the company is held on this coin and it has smartcontrast and this is the most important advantage of Ethereum.
Hum, you are quite not right I believe. Ethereum is famous because was the first cryptocurrency to be a currency and a platform for smart contracts. The majority of new tokens created, are based on the ethereum platform right now, with the erc20 standard. So there are a lot of new companies being born, that are creating their own token and smart contract, and using the ethereum platform. This me as that the ethereum system will be bigger and bigger as time passes.yes,therr are some allegedly ethereum killer, but they are still young, like stellar, and they might have missed the train already. Ethereum has the time advantage. It has been around since the start and it is now the biggest altcoins and development environment for new tokens. And I didn't even mention the games. Based on ethereum like gods unchained, or crypto kitties! Don't get me. Started on those ahah
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I think we still need a year or so before we could really see a real bullrun like the usual o è she crypto is a costumed to. Right now the market is still shaken by the enormous bull market of lady ear. I think it is too soon. If you remember, old bullrun wersepaested by at least 2 years of time between o è another. So why think that the next bill run will be any different? And even more so, why think that a bullrun is incoming anyway. Mayne it coin price will stay between 6000 and 7000 dollars for the next 20 years. No one can predict what really will happen. I, for once, think that bitcoin price will rise, but slowly and over time, not with a huge bullrun that will explode any time solo Just my two Satoshi, bear in mind that I am not a expert in crypto thoughn
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Ethereum is a threat to bitcoin? Yes it is. We all know that ethereum was created by a russian programmer on 2013, and it was launched on 2015. After 3 years it is next to bitcoin in terms of popularity and value.
Let me show you some NBA perspective on this, bitcoin is the king of cryptocurrency right? same as LeBron as the king of NBA. But here comes ethereum the prince of cryptocurrency just like Ben Simmons as the prince of the NBA. The prince will dethrone the king on the eastern conference finals same as ethereum that will dethrone bitcoin in the next couple of years. Wether we like it or not the king will reach its limit. Mark my word. Trust the ethereum process!
I really do not think that ethereum is threat to bitcoin. Hell I think noother coin is a real threat to bitcoin. Even the best altcoins will never be as popular as the main cryptocurrency in the market. Bitcoin has the advantage, and I think it is too late for any altcoins to ever think to grow as much as it. It is the widely known crypto at the moment and will probably be forever. Ethereum, moreover, has another target in the crypto space: smart contracts. Where bitcoin instead just wants to be a stir of value, a risky investment platform or a currency, secure and pseudo anonymous. So, as you can see, bitcoin and ethereum have very diffirent targets and field of applications and they will hardly stomp each other feet in the next years to come. No worries. Even if ethereum will grow 100 fold, bitcoin will probably still be ahead
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I believe that the crypto currency will definitely live, because this is our future. And I am ready to invest and accompany its development
I share your optimistic point of view, but I cannot say that cryptocurrencies Wil l survive FOR Sure. I will go as far as to say that cryptos will survive at 80%. This is because for them to survive in the future, they need to be really used in real life, by everyone or at least by a big chunk of the world population. So far I see only a few use case and even the currency aspect could be not so tough if you think that Fiat money is still easily available and usable as well. Why would I want to convert my fist for crypto just to send money? We need to focus on those aspect that only crypto has and Fiat do not have. Such as privacy, speed, reliability and the a ilitt to appreciate in value over time
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Ok, 500 dollars might not seems a huge sum to someone, but just think that if you had invested 500 dollars just 3 years ago, you would now be a millionaire!!! So, let that just sink in for a moment and think: what other crypto could bear me such a great rate of interest? Well, probably the ones with less than 300 million dollar market cap and those which have a great team and r project. And even more importantly those coins that have a vision and a solid project. Right now I could name just a few: electroneum, it has been having a great upswing in price despite the bear market. It is the only coin right now wixh is growing thanks to its team that is delivering a lot of updates and new contracts. Deponion : a strongly privacy orientated coin. A lot of people Wil l want a secure and private coin, so I guess it has room to grow. EverLife. Ai: a coin that can be earned by a virtual avatar that earn for you by doing automatic tasks like tweeting on its own. Pretty cool. And it will work forever!
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There a re basically just two kind of approaches when it comes to bounty tokens. You either sell them straight away, or you holdem for at least 2 years. Other than that I think it is all risky moves. If you sell at the beginning you could gain some money since a lot of tokens start high in price and soon start a decline in value for many many months, since almost all of them fail to follow their road map and white paper. But if you trust the project, trust the team and you think that token could have a real use case in the near future (2 to 6 year) then your best bet is to just hold them and wait. They could rise, eventually
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Yup it is almost impossible not to make mistakes in crypto And it is very likely to make big mistakes as well. I for once, sold a token that had a little gain in price after a lot of months of down trend. Well, 2 days later this token almost doubled in value again, so I basically could have got double the bitcoins if I only waited a little bit longer without rilushing things. But hey, I did not want to risk it and almost panic sold just to get a little profit. Luckily we are talking less than 100 dollars, so who cares?
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Is there any relationship between the two? Whh must the fall of bitcoin after other altcoins?
Some say that there is a strong correlation between bitcoin price and altcoins price. Expecially when the price of bitcoin goes up. Usually what happens is that altcoins all go down during a bitcoin rally. After a few days, or weeks, bitcoin stabilize and it starts to rain on the altcoins, and during this time we can see altcoins price rise. The same thing is true when the bitcoin price goes down. All the other cryptos, altcoins, tokens, they all go down. This happens mainly because altcoins price is expressed in Satoshi and it is exchanged with bitcoin, rather than doallrs or fist money anyway
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I join 50 bounties and spent my time in front of a computer what was reasonable..?
OK buddy, I am not very sure on what you are talking about. Are you asking here on the forum if joining fifty bounties and spending the whole day sitting in front of your computer is worth it? Well, if that is the case I can answer you that it depends. It depends on the quality of the project of your bounties. Are they good crypto project? Is the team solid, and more than that, is the team even real?spend some time researching the names in the team, it could help in uncovering fake teams and scam projects. Always be ready for that. Other than that, try to see if the project you are supporting has a use case for the next ten years
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No doubt about it. Ethereum will be the one which Wil l survive. I have heard so many bad things about eos, it is baffling such a project has more than 1 billion market cap. They say it is super centralized and controlled by a small amount of wallet addresses that hold the majority of coins and thus can vote whatever they want. It is not democratic platform and it has many risk to its integrity. The whole system could collapse at any time while ethereum is a much more decentralized and secure e system and there a already tons and tons of decentralized apps built on it. I would put my money on ethereum if I had to bet.
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