I think there is no magic pill. Some people get rich out of fluke, some based on hard work and calculation. The best way is to get more and more experient and informed about the sphere so you can make smarter decisions.
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Very unlikely. ICOs are still in their infancy. We still have neither clear rules of the game nor firm criteria. No doubt, there is a bubble which will burst up at some moment, but it's too early now. Compared to the dotcom bubble ICO a very little inflated.
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Altcoins will definitely survive. There is a bunch of fields and niches which will require blockchain with specific properties and there definitely be a market for altcoins as soon as the whole sphere develops.
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I have a feeling NEO is a bit overvalued. It is often considered as an alternative to ETH, however smart contracts on NEO are much more expensive and so far it doesn't look more technologically advanced.
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I have a lot of faith in Enigma (ENG) and ICON (ICX). Enigma is a blockchain-based protocol that uses groundbreaking privacy technologies to enable scalable, end-to-end decentralized applications. ICON is a network is comprised of various institutions ranging from: financial institutions, insurance companies, hospitals, universities and more. And they have a lot of support from public instituions in South Korea.
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In some way, it is. However, you can actually say the same about the whole crypto sphere.
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Lost wallets are not a big deal. The major point is that the Bitcoin supply is not changing dramatically. And we still have 18 decimal point.
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The natural selection will step into play at some moment, no doubt. However, now most alts are still in their infancy, so it's too early to bury them.
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I don't think people will want to relinquish anonymity in the nearet future and for that reason I believe these coins will stay competitive for some time.
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I always feel suspicious about projects which get so highly pumped up without a particular product. EOS is still an ERC20 token, let's see how their blockchain unfolds.
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I am considering conveting some of my ETH into BTC if ETH/BTC rate gets more profitable. Also, I swapped some of my LTC to ETH during the bloodbath as LTC had depreciated less and regular 5 to 1 became 3 to 1.
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Enigma (ENG) is very promising. Enigma is a blockchain-based protocol that uses groundbreaking privacy technologies to enable scalable, end-to-end decentralized applications. One of their top advisors is Alex "Sandy" Pentland who is Director of MIT Media Lab Entrepreneurship Program.
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Actually, I have not seen any official announcement from neither Telegram nor Pavel Durov regarding the TON token sale. All the news is based on rumours.
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I prefer holding. It's safer and less stressful as I don't need to stare at the chart all the time. Of course, you gain less than while shorting but the risk is also smaller.
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Just few weeks to go ,then world cup kick off start. Will the booming economy of Russia during the world cup affect bitcoins? Will traders gluing their eyes to TV to watch matches or attending stadium reduce the time of trading, and hence the volume in the market? What do you also think will affect the cryptocurrency market with bitcoin specifically during upcoming world cup.
I can hardly call the economy of Russia booming. It actually is stagnating with a slow down trend and there is absolutely no reason for it to grow, especially considering Russia's relationship with the West and all the sanctions. It all seems that Russia will be getting more and more isolated and therefore less prosperous. World Cup doesn't seem to be and event that may give Russia a significant boost.
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Taxes is a payment for government services. This is not new dude, paying taxes started a thousand years ago when people started to build kingdoms. Where do you think the money from building , repairing streets, or even monthly benefits to old citizens comes from? why is it ok for a group of people calling themselves the government to force everyone to buy their services? if enough armed people refused to pay and told the government to go fuck itself there is nothing they could do.
Street can be built and pensions paid pretty successfully without forcible payment of taxes, if all these structures are private.
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Socialism invetably leads to a totalitarian society dut to its very core, which implies the centralized decision-making and prohibition of free enterprise and entrepreneurship. These things cannot be achieved without suppression of personal freedom. As we can see on histrical examples, there was no socialistic society which attained prsoperity and didn't turn into a totalitarian state. Venezuela nowadays is perfect example of how on of the richest Latin American countries may be driven into a complete poverty where people are nearly starving to death. And all because of socialism.
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The good amount to invest is the sum which you can afford losing in a force majeure situation and wouldn't need in the nearest future. Investing the money you may need in an emergency situation may turn out to be a too big risk.
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The problem is that allegedely 80% of Bytecoin was premined by its creator, so it may be extremely centralized. Aslo, Monero is basically a fork of Bytecoin.
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By the restrictive intentions of a number of governments (China, India and etc.) we can conclude that most of them perceive crypto as rather 'pain in the ass' because they crave establishing control over it but it hardly possible without restrciting the Internet itself.
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