This is very true I have and will continue to suggest bitcoin to family members and friends. Recently due to the media (news and internet) spreading the word about bitcoin almost everyone knows about bitcoin. Now all we need to do as bitcoiners is to ensure they know about the advantages of bitcoin and how it will benefit them much more then fiat money. However, you'll find that it's almost impossible to convince somebody who doesn't care about technology to invest in cryptocurrency.
I dare you to try.
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Gambling was one of the first areas of business that bitcoin entered, and I believe it did a lot of good for bitcoin as a currency itself as it allowed it to blossom in a very competitive and high tech environment. I think that it’s great that bitcoin is expanding into many new niches and categories. Eventually in my opinion bitcoin should be in line to with big companies like PayPal and Western Union if governments and banks decide to accept and adapt to bitcoin. I also recently discovered that Australia also has this released at https://www.lottoland.com.au/bitcoinlotto
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To track my crypto investments, I simply use a spread sheet via google spreadsheets. I put down all the info including the plan of my investment and which actions to execute on which days. The plan part is what is the lowest I will allow my investment to go, how much I’ve invested and at what price am I going to cash out. I also put data of the price every week and if I need to I will add my address to it.
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There is a very simple explanation to this. At the current time of your question there were over 15k unconfirmed transactions, and due to the 2MB block limit, only a few thousands transactions are able to fit into one bitcoin block, bitcoin miners became greedy and chose only the higher fee transactions. This means that your lower fee transactions will be confirmed at a much slower pace then usual. If you wish to have a faster confirmation time you will need to ensure that you chose a higher fee, this goes for both legacy and segwit addresses.
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For a low level member you are unlikely to earn many tokens, I would estimate that you would earn less than 1/5th of what a Hero or Legendary member would make if you participate in the signature campaign. But if you participate in the translation, twitter or Facebook bounties you can earn an equivalent amount, so pick your parts correctly to maximize the effectiveness of your time.
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Some tokens are not likely to increase in value directly after hitting the exchange, usually because the project itself has either lost its hype, or simply isn't that great to begin with. I think if you are holding tokens for an ICO that barely made its caps then it's probably best to just dump your bags as soon as it hits the exchanges as it's unlikely to reach a price much higher than the ICO.
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All encryption coins charge additional fees due to the increased mining burden encrypting the transaction. If you don't want to pay such high fees youcan run your own node to get lower rates, or you could try batching your transactions. You could use Zcash as there is only optional privacy, so if you're not sending a shielded transaction the fee will be lower.
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I think NEO is definitely undervalued, it was around $230 before crashing well below $100. It hasn't recovered as fast as some of the other major cryptocurrencies. So it's definitely due for a price explosion soon. Once NeoFS and NeoBrowser will be world changing, and will lead to a huge spike in price once implemented.
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Oh look, it's one of these idiots claiming that the bubble has popped and we're all about to lose our money. All that is missing is the part where you say you sold out at the top and took a good profit. The people who invested at the beginning of 2016 and received 300% profit a year later are fools.... The ones who invested in 2017 and saw a 1000% profit a year later are also fools. Have you ever thought that maybe you're the fool for missing out?
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Most of the people who don't understand Bitcoin are the luddites who don't even know how the internet or a computer works. It's like trying to explain quantum physics to a baboon, of course they're not going to understand. Most of the people who are included towards computers and programming have already heard and understand about cryptocurrency, it will take some improvements to the ease-of-use and marketing of crypto to open it up to a wider audience.
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I think the odds of Ethereum hitting $15,000 this year are unbelievably low, even Bitcoin isn't on $15,000 and might not make it back past this point this year. The odds of Ethereum making it past $2,500 is already unlikely, $5,000 is very difficult, and $10,000 is damn near impossible within 1 year. At that rate, Bitcoin would be worth over $100,000 if their current ratio is maintained. No chance.
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The truth is, once day Bitcoin probably will drop back to around $7,000 again. The bad news is you probably won't know when it will happen, and when it does you will probably either be overcome with FUD and pass up investing, or you will think it will drop lower and fail to get in while it's cheap. Don't wait for it to hit the bottom, as you probably wont get it at the absolute bottom. With crypto investments, close enough.... is enough.
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I have said this on many threads regarding the 21 million bitcoin supply and I’ll say it again as people need to know. I believe that the supply and demand concept will come into play, but I don't think we are at that point yet where the supply is low enough to really control the value. Right now it's just supply and demand due to holding, rather than the absolute limit. Even once all the bitcoins are mined, there will still be a lag phase where the demand needs to catch up to match or exceed the limited supply.
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Blockchain is bitcoin’s underlying technology. A blockchain is a database that is distributed to be placed in a non-secure environment that existing data cannot be tampered with. In the language of cryptocurrency, a block is a record of new transactions (that would mean the location of cryptocurrency, medical data or even voting records. Once each block is completed it’s added to the ever growing chain, creating a chain of blocks hence the term blockchain. Most blockchains are decentralized which means the miners that organize the block are not working as part of one institution.
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I can agree with this point to some extent. You need patience to bring in big profits. However, with that being said, you need to make sure you are not to “in love” with a coin and make sure you leave at the right time. I've seen people holding onto a coin even when it is clearly on the bring of collapse, this is usually simply because they have invested so much into it that they don't want to exit on a loss. Sometimes you have to take a hit, rather than get completely wrecked.
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The best time to sell is whenever it reaches the next high? Why would you sell between two highs, that's what is known as a trough (peaks and troughs). Selling at one of these points likely means that you are not maximizing your profit, as it has risen far higher twice (on either side). Hold until the next peak, then sell when it approaches its ATH.
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All coins have been going down massively. All though I believe that bitcoin has reached its lowest and it is time for it to come back up again. It is a common trend and has been proven before, DASH is similar in that its motion is controlled by the bears, but we are in a bear market right now so I'm not sure what you expect. I actually don't rate the long term potential of DASH anyway, so probably best to get out ASAP and catch other coins on the way up.
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The key strategy is knowing what your investing in, make sure you understand the market conditions that cause it to move, and the factors that affect these conditions. Although following hype sometimes pays off it can also do you wrong if you follow too closely. You need to make sure you put some research into what you invest into, and not just make rash decisions like you see a lot of people do. Keep your life savings away until you understand the market.
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My worst trading decision ever made was the choice not to invest in ETH when I had the chance, near when it was first released. Although I don’t like regretting things, this is one thing I did regret. The hype around ETH was big when it was around $7 and I was offered the change to buy a bundle at a great discount, but I didn't believe in the potential. Oh well.
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Selling below the ATH is equivalent to not maximizing gains, rather than making a loss if you bought in lower. With something like bitcoin that always achieves greater and greater heights, it's difficult to determine when to actually take some profits. I think that right now is one such time, where it's difficult to gauge where it's going, leading to a lot of early sellouts.
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