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In as much that there are a lot scammers in the crypto space, both old and new investors should understand that this world we live in is made up different kind of people with different mind set on how to earnn money. we are all in charge of our own safety and we should understand risks in the crypto space and also make it possible to avoid investing into projects we have little knowledge about. If you allow yourself, you will get scammed off your money.
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The crypto ecosystem is a decentralized system which is made up of possibilities. It is highly possible that the market value of Tether can $0.5 or lesser, but the decrease in the value of Tether can't have any kinda significant influence on the market price of Bitcoin. The market value of Bitcoin has no specific thing or crypto coin that has a direct influence on its price.
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I don't really believe or rely on predictions made by people with regard to either a potential increase in the price of a particular crypto coin or a potential decrease. I normally use them as the baseline to do my own research into that coin. Because once you lose your investment capital after a bad investment, you can never get it back.
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What do you mean by saying or thinking that we are abusing decentralization? No one is abusng the use of decentralization in relation to cryptocurrency. Decentralization and cryptocurrency is in fact providing people with financial freedom making it easier for them to make transactions online faster with lesser fees. People who don't understand how cryptocurrency and blockchain technology operate are those who think we are abusing decentralization.
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Bitcoin is the easier cryptocurrency to get from any part of the world you find yourself. There are a lot of online services and platforms that allow people to exchange their fiat currency for Bitcoin easier and faster. It takes less than 30 minutes to complete a transaction and obtain your Bitcoin in your wallet. There is no way buying Bitcoin or owning bitcoin will become a problem in the future to come.
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Daily trading with Bitcoin and Ethereum is currently the best way and the most reliable way to earn a decent amount of profit considering the current state of the crypto market. Participating in Bounty campaigns is just a waste of time comparing that with daily trading. With the daily trading, all what you need as a trader is to have a good strategy to help you take advantage of the fluctuations of the prices at a specific time.
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What I can say and share about IEO is that, its just an upgrade version of ICO which is a crowdfunding tool used by project team developers to mobilize some amount of funds to supply their project. IEO was introduced to help encurage investors to come back into investing in crypto projects which are scam free project. With IEO, transactions made can be seen and monitored to help investors know the current outcome of the project. Its safe to invest in IEOs.
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In as much that patience and endurance are some of the essential tools needed by an investor to be able to make a good amount of profits for his/her investment, knowledge and understanding of the factors that influence the crypto market are the ultimate tools need to develop strategies and good investment plans to improve your chances of earning profits. Without knowledge and understanding, you can't be patience and endure as things changes in the crypto market.
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To add to your opinion, cryptocurrency investors should make it their aim to first research enough about crypto projects before deciding to invest in them. Another solution I think will help investors is that, they should only invest in projects with working products backing their crypto coin that have relevant impart on the world in general and briding gaps in our financial ecosystem.
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You can't just say Ethereum is better than Bitcoin. In as much that Ethereum is adding more features and new procotols to their system shouldn't make you forget that if Bitcoin was not introduced to the world, Ethereum would had not been in existence. Bitcoin is the source for the development of Ethereum and its the widely used cryptocurrency without all its flaws and slow transactions.
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In as much that the crypto ecosystem kinda operate under the principle of demand and supply, there is no way Monero can have a market value of $500 in 2019. Its all time highest market price was $495.84, this was when Bitcoin market value was around $17k. The highest price I see Monero attaining in 2019 will be between $90 and $150.
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 hey remember the time when we all speculated  how China is gonna just give birth to a cryptocurrency on it's own and bang ! They will try and dominate even the world of cryptocurrency, well guess what ? Days after mining the Bitcoins that is the king of all cryptocurrencies' was banned , we have a news .!! *China is going to make it's own currency Renminbi a cryptocurrency * Well the reports have still yet to be confirmed officially but experts have provided a good Intel. I don't even think that they will provide any Intel ahead of time . They are going to take help from the central bank and turn their own currency into a cryptocurrency. Well to be honest I think it would be a good experiment when we would be able to see how ! Cryptocurrency + government can work together since it will be a derivative of a bank ! Any ideas about what will happen ? What do you guys think ? How sure are you that China is planning to introduce its own cryptocurrency? It will be better if you provide the source of this information. And for your info, China hasn't banned crypto mining. Please do your own research before speculating false information |
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Making profits in crypto investment does not necessarily depend on the bull run of the crypto market but its all about your strategic plans used in minimizing ones level of risks whiles investing in the crypto space. The bull run in 2017 was just a plus for people who had a long term investment strategic plan.
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The best time to sell off your crypto investment is either when the market value of the crypto coin you invested goes a bit higher than the initial value you invested or when the value drops to avoid you from losting a greater portion of your initial investment.
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Having confidence in cryptocurrency is just one half of the puzzle. Knowledge and understanding are the other half of the puzzle to really appreciate the entire nature of the crypto ecosystem and crypto investment. With these, you can invest with low level of risks to think about as a crypto investor.
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Well, ICO had its own disadvantages which made it easier for investors to get scammed. But I think investors also contribute to the fact that they get scammed. Most investors do not research enough about the ICO project before investing into them. After getting scammed, they blame the nature of the fundraisng method.
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In as much as China is currently the country with the majority of mining farms, banning crypto mining in China will not really affect these mining farms. The locations for these mining farms are usually not know. This will make it very difficult to locate these farms. But I think this news on China banning cryptocurrency and crypto mining is just a false speculation.
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In the crypto ecosystem, investing is not about how ready you are but its about how much knowledge you have and understand about the crypto space and the crypto market. Once you understand how the crypto market operates, you can invest at any time you want and still make some amount of profit.
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I believe that with the current state of the crypto ecosystem, when people spend some time to read and research more about a particular crypto project, you will get enough information on whether the project is a scam or not. People are just concern about the profit they will gain instead of them thinking about how feasible and achievable are the aims of the project in relation to the condition of the crypto space.
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Duration does not really matter if you want to become a pro in understanding how the crypto ecosystem works and investing into cryptocurrencies. All that matters is discipline, knowledge and understanding to become a pro. These are the basic keys needed to be a pro in the crypto space..
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