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It is never too late to invest in Bitcoin if you really understand the basic factors that influence the market value of Bitcoin and also have a good strategic plan to minimize your level of risks associated with investing in the Bitcoin ecosystem. Its all about knowledge and understanding.
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For me I will advise newbies to use Bitcoin for their transaction of goods and services but I will never advise them to invest in it. Bitcoin investment has a lot of risks attached to it. If you don't really understand how the Bitcoin ecosystem works or operates, you will end up losing your investment capital.
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What are the main leading factors of this bull run?
Looking at the rate at which Bitcoin's price is increasing, there are no specific factors we can pin point to be the cause of this raise in the market value of price. We can somehow say that the bull run of Bitcoin and crypto market has commenced but investors should just invest wisely. I don't really thing the crypto market is really stable for a bull run, the prices can just drop at any time. |
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In as much that Bitcoin is known widely in the world, In my country, Bitcoin is hardly used by people for their transaction of goods and services. Just a hand full of people are privileged enough to know and use Bitcoin for their online transactions. Due to this, you can hardly use Bitcoin to pay or buy goods and even pay for services provided.
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How far are we from a real decentralization in more aspects of our lives and technology?
What do you mean by real decentralization? Decentralization is just the change of authority in terms of controlling and managing the affairs of a specific something from a central body to individualized based system. Bitcoin and its blockchain network presents a system which makes it possible for indiviual users to be in charge of their own funds rather than a centralized body. |
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Are you still embroiled in debates with friends and internet creeps or have you let it slide?
Why will you waste your precious time debating and arguing with people who are not ready to learn and understand the benefits associated with the use of Bitcoin and the financial freedom it gives its users? People who do not appreciate new technologies are not worth to be engaged in a debate regarding Bitcoin. |
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Crypto trading is all about having time and studying the price trends of the coin you are trading. In every lucrative venture requires a lot of time on the part of the person undertaking this venture. Trading is no different from that.
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Crypto trading is now the best way to earn massively within the crypto ecosystem. Having a strategy and knowing the exact cryptocurrency to trade are the key elements needed to be a successful trader considering the state of the crypto market. Trading is very profitable compared to hodling your coin for a long time.
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Currently I don't really think there are exchanges which can be classified as being the best exchange platform. I see all exchange platforms having the same problems and they don't really provide the services they convince users and investors on their whitepapers. All they are concerned about is making their money from investors and users.
Despite all what you are saying is somehow truth, I don't really agree with you on the fact that all exchange platforms have the same problems. Some platforms are far better than others. Binance, coinbase and BitMEX are currently my best exchange platforms and they provide good services and their platforms are user-friendly. |
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Can I get great contributions on how I can participate in a campaign that will add more value to my wallet?
Who lied to you that joining bounty campaigns currently can make you rich? Please stop dreaming of obtaining riches from participating in bounty campaigns and focus on getting a job. Bounty campaigns are not as lucrative as they were in 2017. Get a real job and stop dreaming of getting rich with bounty campaigns. |
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I don't really see IEO as that better than ICO. I just see IEO as rebranding of ICO to help bring more investors into the crypto space to help support new crypto projects. IEO is as good as ICO since both are just crowdfunding venture but the only difference is that with IEO, the total number of tokens or coins are made available to the exchange platform running the IEO.
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There is no way the identity of Satoshi can be brought up for the general public to know who he/she is. This is because Satoshi himself/herself do not know his/her identity and to think of showing himself/ herself to the world. This is one of those schemes made by people just to speculate the crypto ecosystem.
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What people need to understand and know about the crypto ecosystem is that, the volatile nature of this ecosystem makes it possible the market value of cryptocurrencies to either fall or raise affecting how people invest in this ecosystem. People who don't understand the nature of the crypto space end up becoming a panic seller. For me, I take advantage of this nature of the crypto space to earn more profits from my investments.
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Is mining bitcoin still a viable venture to undertake in today’s world?
The viability of Bitcoin mining solely depends on how long you are willing to invest in the mining venture. If you are thinking of joining the mining ecosystem and you have a mindset that in just one month you will start earning or gaining profit, then I'm sorry to tell you that Bitcoin mining currently does not become profitable after some few weeks of joining. Crypto Mining currently is a long term investment venture and it might take months before you can make a decent profit... |
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In my view, regulation will be good for Crypto industry. As we can now see that many Govt are looking for ways to regulate the industry.
Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.
Regulation is simply putting the total power needed to control the day to day activities of the crypto ecosystem into the hands of one person or a group of people or an institution. This goes against the main principle and the ideology of cryptocurrency and blockchain technology. Regulating the entire crypto space is totally a bad idea. |
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Investing in the crypto ecosystem is all about knowledge and how well you comprehend the whole idea of investment. These requirement will help you know the type of crypto projects to join or participate in and also know risks available when you invest and your possible earnings and profits you are likely to acquire. Its always advisable to do intensive study about a crypto project before investing in them.
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I don't really think IEO is much profitable compared to ICO. IEO works similar like ICO and its an improved and much safer version of ICO which was intended to help rebrand crowdfunding activity in the crypto ecosystem and also help reduce some percentage of number of scam projects. The rate of profits obtained in both IEO and ICO are relatively the same.
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I'm selling my altcoins because if i don't sell them now, they will be worth nothing. Majority of the altcoins I have in my wallet are just shitcoins and they are not meant for a long hodl. Not all altcoins are worth hodling for long in your wallet, its always advisable to sell them when the market price is okay.
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From my observation and a little research I have made about the crypto market in 2019, Trading is currently the most profitable way or method of making a good amount of profit from your initial invested capital. Participating in Bounty campaigns are no long as profitable as it was in the later part of 2017 and the early part of 2018. 2019 is a year for trading, majority of crypto investors are currently more into trading.
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