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Well that is how all the markets work they go up and down, this is very much okay. We just have to wait for a couple of months to see cryptocurrencies soaring high again.
The current price really affects our logical thinking, when priceis down we tend to be afraid to lose more then pull out our investments. We will take advantage from that cases. So when the time comes that many people trust and seecryptocurrencies okay they will come back and we will try to make a profit in it.
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Just try to learn first the basics of crytocurrency trading. Understanding it first will help you see where it might be good to invest.
In ICO we look for their projects if it is very promising then that means it might be good to invest there. We invest in somethings that has a great value with a cheap price.
That is how Warren Buffet choose where to invest.
Also invest when everyone is scared and sell if everyone is excited he also said this.
Since market price are very dependent on the emotions of the people, taking advantage in it will make you profit.
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Just think of the institutions and organization who want to use cryptocurrency. In exchanges bitcoin is the primary coin in pair. All of the coins have some relationship to bitcoin and those coins will prevent it from completely dying.
Also those who still consistently believe in bitcoin will help. They will always pull the market because they see a low prices as a chance to earn.
In short those who believe is the only support, if they suddenly change their mind it will affect the bitcoins price in a way.
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Hello Hexah I want to know how long will this campaign be?
Please update my info in the spreadsheet. I am now wearing the personal text. Thank you.
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Lots of things will change since we are used to bitcoin being the first. If bitcoins be overtaken by different coin maybe that will just be treated like bitcoin.
That coin will be also very volatile and exchanges will change the pair with that coin.
But for me, that happening is quite small. All couns is build up in bitcoins as the primary coin. The base will not be shaken up without removing all other coins. The bitcoins effect to the other coins are very evident. When bitcoin lowers all of the coin follows.
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You are right all cryptocurrencies are treated like that by the media. The media always make the simple happening in cryptocurrency into a hype way. It seems to us that media is a bad for the investors who does not have great skills in handling emotions unfortunately many traders are like that.
Lots of people lose lots of money because the impact that the news is giving to us always convinces us, we tend to believe easily to the media without taking the time to properly think and decide what to do in a certain situation.
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As you can comparing the two bitcoin is much volatile than ETH so it means bitcoin offers much opportunities in earning. Even in short time you can earn so much in bitcoin, the ETH is much better if you want you investment to be much secure and stable as to its nature is it change little by little.
The choice depends on what kind of investor/trader are you. The one has a great advantage over the other depending on what fits you the best.
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Your question can be answered if you think bitcoin has a value. Every investor invest in something that has potential of growing if you yourself see it has then start trading would be a good option.
But I think to actually earn in trading you need to know when to buy ofcourse. Learn first the strategies commonly used and most effective in trading bitcoin.
Now or later depends on your degree of knowledge in trading.
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In my country bitcoin is still accepted and lots of organization is going to adapt with cryptocurrency. The government only blocks the ICO that have a bad reputation and warns the public about the possible dangers of cryptocurrency.
There is hot wallet being commonly used in our country and now they will make an cryptocurrency exchange because of rhe amount of people asking for it.
I hope the developments of cryptocurrency in my country will grow more.
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We need to understand why banks are afraid of cyptocurrency and why they don't want to adapt from it.
We all know that one of the feature of cryptocurrency is volatility and that is not good for banks. They start to lose control of the money they have. They can potentially go from rich to bankrupt in an instant if suddenly the masses lose interest from it.
Everyone will have a share of control if the banks will use cryptocurrency.
Imagine building a business without the control would you feel safe to continue it?
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That person made a very good choice in investing in bitcoin when it is down. That's what they call smart buyers, they are taking advantage of the fear of some people to invest because they thought bitcoin will continually crash.
Well that man is also extremely a bitcoin believer. He bought bitcoin when it could also potentially go down. I admire that person faith in bitcoin and his skills in trading.
Also that guy is extremely rich, if you were to buy that sum of bitcoin you need lots of funds to execute that.
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I like to join your signature campaign. |
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Bitcoin is very dangerous as you can see right now its price has dropped it can be affected by the news, how countries are trying to regulate the bitcoin, and how we see bitcoin.
Because bitcoin is very volatile and unpredictable we cannot say if its price will go down or up. The unpredictability account from the sudden news and regulations about bitcoin.
For the pros bitcoin can make you earn so much money that's why lots of people are starting to trade. We hope someday that we can be a bitcoin millionaire like those people we see in the internet.
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For me bitcoin is like a ponzi scheme but in a different way. All of us can be the mastermind and all of us can also be a victim. Depending on how you manage or try to earn in bitcoin dictates who will you be in the two.
If you are trading that would be the case but because there are different ways to earn in bitcoin you can still escape from that path. Just take some jobs that pays some bitcoin and you will earn without being in the risk of losing something.
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1. BTT Username: DarLim11
2. ETH Address: 0xD1fe1860bF8017c1542587AD961AD530A81729B5
3. Telegram username: Darryl
4. Date Joined the Telegram: February 5, 2018
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