At the moment I try to invest free money in cryptocurrency. I also participate in the bounty campaigns. I give it 2-3 hours a day. I am not happy with my efforts and plan to spend more time on cryptocurrencies in the future.
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Of course, investing in altcoins is a very profitable business. You can make X10 profit in a short time by investing in icos. In addition, investing in one cryptocurrency you have a great chance to lose everything. Therefore, it is necessary to invest in different projects. But I doubt any altcoin will beat bitcoin. If this happens, then at least 10-20 years.
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I am sure that over time, cryptocurrencies in Africa will be in demand. The first attempts are already there. For some reason it seems to me that despite the fact that the rest of the world is more technological and educated, the time to switch to payments in cryptocurrencies will need the same. That for Africa, that for Europe or Asia.
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Today I am itching to invest even more in cryptocurrencies. I wish I had the resources. Now is the right time to replenish the portfolio.
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And I've always wondered why soft cap is so different from hard cap. For example, if soft cap 5 millions and hard cap 35 millions. I think that's too big a difference. Maybe someone will explain to me why this is happening.
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I think that bitcoin will keep the championship for a very long time. Of course, there is a possibility that eth will Eclipse bitcoin, but this probability is extremely small.
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I hope this is temporary. Despite very bad business in the market, I continue to maintain a positive mood. I continue to hold and buy more coins if possible. Many people say that this is the best time to invest, but it is a serious step to overcome the fear and invest at the moment. The whole of 2018 there is a decline in prices, but I am sure that it will end soon.
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Cryptocurrencies are dangerous because tomorrow prices may drop to a penny. Also now, a lot of fraudulent projects. Countries prohibit cryptocurrency because of its anonymity and a lot of money passes by the state. Some countries can't figure out how to tax people who use cryptocurrencies.
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Now the market situation is very tense. Of course, you might think that this is the beginning of the end. But if there is a belief in cryptocurrencies and blockchain technology, then you need to continue investing. I am sure that the market is experiencing a temporary crisis and in the future prices will go up.
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I'm still new at this. But I want to try to simply collect all the tokens received. Perhaps in the future they will grow significantly in price. Of course, many of them may no longer exist, but I keep a positive attitude.
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Time is the most important investment. I don't think the time spent on bounty campaigns is a wasted time. The main thing to approach the choice of bounty with his head. To study the project, team, whitepaper. I think that time for bounty is a very good investment.
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Thank God I am not yet familiar with the taxes on cryptocurrency. My country has not yet adopted a regulatory law. But soon we will also be taxing cryptocurrency. To be honest, I do not intend to pay taxes for cashing out cryptocurrency.
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Fear is normal. People are always afraid of something new. The main task is to overcome this fear and be one of the first who will risk investing or doing something new for humanity. I am sometimes too afraid that my investment will lose significantly in value and will not recover any more, but faith fuels me and I continue to invest.
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Personally, I don't even look at the ICO rating. I prefer to look for projects that I personally like. Then I study the road map and the team, if I am satisfied I can invest or take part in the bounty.
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First, bitcoin is the most famous cryptocurrency. Many people have not heard of altcoins, but know what bitcoin is. Also to buy altcoins, you first need to buy bitcoin or eth. Demand dictates price.
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People tend not to believe in anything new. They are suspicious of the novelties. At the time, the Internet was not accepted by all people. In addition, the older the person the more difficult it is to give new technologies and knowledge.
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Honestly, I don't believe in ripple. Maybe it's because ripple is not a cryptocurrency, but just a Bank currency. Or maybe I'm just too biased. I think ripple is not capable of crossing the barrier even at $2.
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I prefer bounty. Airdops are often just scum. I've participated in a lot of airdrops and the awards were paid only out of five. In addition, even if they pay tokens, they do not go to the exchange. Last year, airdrops could earn good money, but this year the situation has changed dramatically. Perhaps people who have a huge referral base can earn good money, but if you just register, I doubt that something will happen. There are very few fakes in bounty. If you choose good projects and good managers, the probability that you will come across scum is zero. If I approach bounty campaigns seriously, then I personally do not feel sorry for my time. Maybe some people get to earn on airdrops, by participating in thousands of airdrops, but it takes no less time than participating in one or two bounty campaign.
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I fully support the author's opinion. It seems to me that a controlling structure will be made soon. Because there's too much cheating around the ICO. I think someone should definitely do it. This will make life easier for investors and bounty-hunters.
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Nothing is eternal and everything comes to an end. However, ICO will exist for a long time. This is an innovative way to attract investors. Maybe we will not even live up to the moment when the ICO replace something newer.
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