I hodl most of the coins that I received as a rewards from the bounties because most of them are potential for long term growth. Before joining a bounty, I usually research the company or ICO that offering the bounty for their product or coin to find if they are legitimate that offer a solid coin. When their reward come, you have the reason to hodl first it because you already knew the coin has a potential.
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The risk in bank investment is known to be lower if you compare it to bitcoin. Other than ordinary savings, banks also offers other investment like time deposit and UITF that give some higher interest rates. But the earnings in these bank investments are lower if you compared to bitcoin and other cryptocurrencies although the risk is higher and anytime your money would be gone in a matter of minute. Investing in bitcoin requires risk management and constant monitoring of the market. Risk has it own reward also because the higher the risk, the higher the gain.
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Bitcoin is created as an online payment system, just like its offline counterpart, the fiat, and both can be use in illegal activities. Monitoring the various illegal online activities of cybercriminals will be nightmare to the anti cybercrime groups because there still no effective ways to track and capture these cybergangs which seems to be untouchables. To curb these illegal activities some governments are resorted to banning the cryptocurrencies in their areas or imposed a strict regulation on the crypto exchanges that operating in their countries.
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No one can able to predict if bitcoin will touch $5000 this year but it may be possible in the future if demand for the top cryptocurrency will go down. There are some negative factors are capable to bring down bitcoin price to that level like a continued government crackdown or hacking a big exchange. Aside from that there are also a influential group trying to bring down bitcoin price so they can able to buy it at a cheaper price.
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seeing bitcoin prices go down and up, I'm a bit frightened to buy bitcoin at the moment, I judge I could lose, do you think, whether bitcoin prices can continue to go down, or even rise high?
Try to monitor the market situation regularly and also do your own research also to find if the present price of bitcoin going down or it poise to go up. Aside from fundamental and technical analysis, your own experience in crypto trading will also help. But if you are still a newbie in cryptocurrencies and trading, you have to educate yourself first. Presently, the price of the bitcoin is below $7500 and might go down before recovery takes place.
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After learning the basic and advance trading like buy low and sell high, fundamental and technical analysis and many tricks on how to win a trading, the other important things that you should avoid while you are trading is being emotional and greedy. Many neophyte traders tend to panic easily when the price of their coins are going down, and this kind of emotional reactions always lead to panic selling.
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I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency." how do you think, is it realistic? Can a crypto currency replace national money? I think that it's possible, but it will take more time.
There no possibility of cryptocurrency replacing a national currency because it is considered to be one of the national identity of a nation like a national flag or national anthem. A government may eventually legalized bitcoin or any cryptocurrency but it will not going to make any virtual coin a part of their national identity because there is already a national currency. Cryptocurrencies will stay as alternative currencies and can be use for any kind of transactions in the future.
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No doubt, experience is the best teacher. Many of the professional traders and investors are gaining more profits and have managed their risks effectively because of the past experiences. But there are also some people that never learn at all because they keep committing the same mistakes they committed in the past.
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Like what the other coins experiencing, ethereum price will go through up and down cycle. But it can possibly surge again just like what happened last year. Ethereum, as we already know, is not just an ordinary virtual currency, it also contain a technology far beyond our imagination because developers can create many DAPPS in that ethereum blockchain-based technology. There will be drops from time to time but we can expect more price uptrend and even some surges in the future.
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It's a usual market situation and no cause for alarm, the cryptos will bounce back again and what goes down, must come up. Patience is needed to overcome the effect of market dip, if you have no patience, panic selling will follow. For those who are looking for cheaper but potential altcoins, this may be the right time to buy while the market dip last.
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it wont happen .. the bank will is scared of cryptocurrency and they are against cryptocurrency .. and i think they believe in future there is a possibility where people generates Cryptocurrency and it might affect the Money globally. I think not all banks are afraid of cryptocurrencies, there are reports that some big banks are even planning to create their own coin in the future instead of using the existing cryptocurrencies in the market. A big bank in Japan, for example, is planning to release its own cryptocurrency this year and will have parity with the Japanese Yen. Banks have been reluctant to welcome cryptocurrencies but they instead moving towards developing their own coin to streamline their operations.
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When it comes to virtual currency, bitcoin is my main currency and I often use it it in my online transactions. Bitcoin is not yet approved as one of the legal tender here in my country but the monetary authorities allowed it for remittance purposes only or by sending money through bitcoin and claim it by cash. There are already some local online shops that accept bitcoin as one of their mode of payment but I mostly convert it to cash.
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The cryptocurrency market is going down again and some investors and traders are getting nervous and in panic mood. This situation is already normal in the crypto market but not to those who are just starting their investments. Some group of investors have been waiting for this opportunity to buy more cheaper coins before their price go up again. The price of the bitcoin is now much lower than in the past days so it is the right time to buy it again.
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Ethereum will continue to be one of the most profitable altcoin especially for long term investment. it projected to grow more this year particularly in the second half. Demand for ethereum is also rising a more investors and coinhodlers are coming to show support for the second rank virtual coin net to bitcoin.
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Most of the countries are heading for regulation of the cryptocurrency exchanges. Some people consider regulation as a form of legalizing bitcoin and other cryptocurrency because it allow the use of the virtual but coins subject to some rules. I'm not against regulations as long as it is not strict and the right of buyers are not curtailed.
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bitcoin has many technological limitations(1MB size of block, takes long time to process your transaction) and so had been hardforked to bch, btg. it could only be used as currency since they do not support platform like ethereum does.
currently many icos are based on ethereums, cause they support tokens on their platform. I think the only benefit of using bitcoin is that it is the very first cryptocurrency and altcoins are exchangeable in exchange because of btc's stability.
how do you think of bitcoin? will it still have much advantages&value as it now has?
One advantage of bitcoin is has more investors and users than any of the present cryptocurrencies and its demand continue to rise while its supply is slowly decreasing. Bitcoin price may possibly rise more in the future if the buying for the leading virtual coin accelerates. While bitcoin has technological limitations, ethereum might also encounter some problems like platform congestion due to numerous applications particularly the newly-created games.
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I've heard many of my companions say the bitcoin is the greatest invention in the decade.. But I wonder why every country don't accept this as a legal currency in their general transactions?
I think It is not easy for some governments to accept a currency that they can't control or effectively regulate. Several countries like Japan has already allowed bitcoin as legal currency but it still some impose regulations to prevent or monitor the unlawful use of the cryptocurrency. Bitcoin is used mostly in online transactions and and in remittances in some countries.
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From the beginning of this year 2018, alt coins price had fallen tremendously until the last few weeks when we beginning to experience price stabilizations and increase in market capitalization. Also most of the alt coins too have started appreciating in price. From these indications, can we confidently said that the bear season is over or is not yet a celebration time.
It is still bearish month for the cryptocurrencies with some short uptrends. The bullish trends are still weak and there is still no sign of bull run. Most of the coins have a short-lived uptrends and then followed by dips again. The second half of the year is nearing and there should be substantial price increase for bitcoin but it failed to happen this time.
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If bitcoin wouldn't recover then bitcoin will cease to exist soon and will be taken out from any exchanger later. The existence of cryptocurrency depend on continued demand by its investors. On the possible growth of bitcoin this year, bitcoin have already reached over $10k and slide down again. It is possible that bitcoin may not be able to surpassed its growth last year and it might stay below the $20k level.
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Philippines is doing great by accepting and developing bitcoin in the country, by doing this there is a high possibility of reducing the poverty. Philippine government must support cryptocurrency for its people.
Bitcoin is been used in the remittance business in the philippines and its been approved by the central bank. Some crypto exchanges were also given permit to operate by the government and many filipinos are increasingly involved in cryptocurrencies. There is a possibility that bitcoin might be legalized by the Philippine government in the future but it might be followed by the implementation of regulation because some monetary officials believe it needed to protect the public from any scams that uses cryptocurrencies.
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