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As someone from the software industry I strongly believe in learning by doing. But I also believe that's only the first step. Once you learn the basics and are able to apply your knowledge, that's when you need to start learning some theory about it to bring your game to the next level. It can all be learned online, both practice and theory, but - I think there is a lack of guides for learning in this way. There are sooo much resources, but if you don't know what you should learn, or in which order, then all the resources in the world are not that valuable.
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Yes, I think it's a psychological defense mechanism. If people were all acting rationally they would not sell low. Of course, I understand selling low from the necessity, because you need money right now etc. I think if you're doing the right strategy (buying with money you "don't need", be it $100 or $1000 a month, buying when the prices are low, taking ~10% of gains), then you are not concerned when market corrections happen. Also, the longer you are in this game, the more you follow the market, you'll learn that fallbacks of 50%-80% are a regular thing and nothing to worry about. Quite the opposite, that's the time to buy more. Every time there's a pull back, media predicts the end of Bitcoin and crypto, and market sentiment is low. But it's all short term. It comes back stronger every time, no exceptions. When I was starting I put $100 on a coin, and it went down 90%, it's still down. Not selling though, one - it was just $100, and two - in two years it might be worth $1000, who knows so these are hopefully some useful tips to make people more rational by looking at the larger picture and not panic sell.
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I very rarely use cash, just paying everything by card. That's also cashless and yes, if you disregard the decentralization and democratization of money dream, countries can create private blockchains that issue cryptocurrency and make it fully identifiable (as opposed to anonymous). That could certainly work, and be nice in terms of usage, but it's not the dream I am hoping to come true also it would make it easier for countries as they wouldn't need to print cash at all. Also there would probably be less fraud, but at the cost of the cost of privacy I guess.
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Ah yes, for me it's all about the long term. But my mistake is that I didn't take profits. I have some very bad trading decisions in the past, but the worst is not taking some profit on the crazy bull ride we had recently. Well, hindsight is 20/20 and that's the point right there, whatever you do, you'll always regret not doing something else! And you have to accept that, and then investing and holding will become easier. That's of course if you're not very good at trading, as most people aren't. And that's also okay, because now anyone can participate in this cryptocurrency world and earn money by speculating. The key is to know that you won't be good at it at the start, and so invest accordingly - don't put all your savings into crypto, don't take a loan to invest in crypto, etc.
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When looking at the next 10 years (or more), a good indicator is to see what younger generations are thinking. Millennials already prefer bitcoin over gold and other traditional assets. That, I think, will only become more and more prominent in the future, as new generations get buying power that have never bought gold or had their parent buy gold as an asset. So, I'd say bitcoin, but actually I'm thinking cryptocurrencies in general. Maybe bitcoin will remain the number 1, maybe it won't. I'd convert to bitcoin and diversify in other promising cryptocurrencies.
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As other have said - CoinMarketCap and ICO Rating sites are great for this. I'd just like to note, there have been great instances when a ICO rating site detects a scam or bad project and it really turns out to be that, but also sometimes they give a bad rating to an ICO or call it a scam, and then the project turns out to be amazing. My point is, take everything you read on the Internet with a grain of salt, DYOR and go with projects you really believe in
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So far I've mostly been dealing with alts to get bigger profits (worked well, but not THAT well), so my plan is to buy 1 BTC by summer, and just hold it forever. If the price per BTC ever surges to $1M, I want to have that 1 BTC. Which means that I plan to use BTC as a store of value. But if in few years time bitcoin becomes to widespread that you can buy anything with it + the price is at least $100K, I'll definitely use it to buy some stuff. And for alts I'm also planning to hold some coins for years, the ones I see potential in.
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I voted not all, because what you make legal, probably big pharma companies are going to take and market with some really cool ads making you want to buy them and not emphasizing how harmful they are or can be. Also, I think it would be a good idea to have a "drug license" (like a drivers licence) that you get by going through training and education about different drugs so you are trained how to use them and know what could happen if you abuse them. And age limit of course. Also, what about smart drugs? One blog post I read said that the first country that starts giving smart drugs to their people for free will get the most benefits as all of their people will be able to do better work, to focus more and be smarter. I like this idea, but I don't think it will really happen ever
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In my country it has no effect because a huge majority of people are not tech educated and cannot even comprehend the idea of cryptocurrencies. The media do run stories about crypto every so often, but the stories are always sensationalist in nature and not well researched. But almost every programmer I know in my city is invested in crypto. A lot of them mining as well. I met a cab driver and a waiter who are mining Ethereum. Anyways, really excited to see what this year will bring for crypto in terms of regulation and mass adoption. It will be interesting to see how countries respond when big players start entering crypto
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Just wait for it. Bitcoins is like a wildfire and would spread its fire automatically over large area in no time by itself.
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Yes its true that market is going down rapidly but thats the best time to invest in it. Well bitcoiners know that bitcoins are going to rise very soon.
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Have zebpay downloaded and have some wallet and then buy debit card for bitcoins. Then you are good to go.
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You can go to the altcoin market and choose specific bounty threads and work for the programes efficiently to get BTC or other tokens which can be converted to bitcoins later.
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I would talk to myself to keep calm and settle to the nearest high platform and start breathing heavily and then have some fluid and lay down.
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The main problem then would be the lack of efficient communication. Because net was used in account of telecomunication for over 80% all over the world, apart
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Bitcoin ecosystem is not still totally synchronised and has beta bugs, cob webs too, so i dont want to public my personal number in such an ecosystem.
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i Think if you search for hardly you will surely grt it one they
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Is bitcoin forum even safe for indians to come and register into it? I dont think so.
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I use a series of swipe konnect. Its cheap , dual sim and good camera but lags sometimes
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