If I'm not wrong, payment processors like Bitpay convert to Fiat instantly so that there's no exchange rate risk for the Marchant to deal with. I think volatility in doing business entails a very big risk, so there should be price stability for Bitcoin.
You definitely took those words right out of my mouth. The risk is very high without price stability and instant conversion to fiat. Assuming I sold my goods at a higher bitcoin value and in the process of stocking back my store, the value has already dropped. Surely it will affect my purchasing power which can lead to less stocking of my goods. It is just simple economics, I will in no time end up in loss. Merchants need price stability, instant conversion to fiat and adequate knowledge of market behaviour.
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The risk is high just by dishing out one's KYC in the name of ICO. That's why I rather wait till the ICO hits an exchange before buying. Concerning KYC for tiny airdrop and bounty, I think the decision in most cases is to discourage multiple entries. This is justifiable and at the same time it doesn't worth it KYC for few cents. The most important thing is to be careful before agreeing to KYC.
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Coins that aren't shitcoins are worth buying right now. A lot of coins might not see the green light for the rest of their days once the market picks up again. Therefore careful select your coins, limiting your choice to top 50 on Coinmarketcap.
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Market condition has really turned many people into HODLer. Traders were being caught in the middle of bearish market where it will be foolish to sell at loss and then came the decision to hold without preparing for it. I think the decision to hold for a targeted value should be made right from the start or before investing and expecting the unexpected is also crucial.
I agree with your points though.
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Africa will definitely be a good place for crypto, but not in the present state of the continent. What do you expect from a continent where 80% of the adult population do not have access to bank accounts of which illiteracy is at its peak and social infrastructure is lacking? Governments are poor policy makers and many lack technical knowledge to successfully run their economy. Before Africa can eventually be a good place for crypto, there are many wrongs that need to be right, many decay that need to be removed and of course a spontaneous infrastructural development needs to be in place.
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Before you pronounced them dead coins, make a little research on them. Find out if the dev are active, dormant or dead. In whatever category you find these coins, you can decide to keep hope alive or forget them. However once they are dead, there is nothing you can do with them than to leave them in your wallet.
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what a year, wish I dump all the coin in late DEC lol
and today, spend the 100% from that capital and bought it again, so u still holding the same amount as late DEC while steady with the 900% profits..
I learn something from crypto accepting responsibility for my decisions, facing the consequences for my actions, but never dwell on regrets, instead move on. We were all speculating and hoping with greed that the price might hit $50k not being discipline enough. Here we are wishing; I wish I had dump my bags of coins as well. Now, we must be wait patiently to recover the lost glory.
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The future of both bitcoin and blockchain looks bright. Both will witness new dimensions of development and adoption from different institutions will increase: governments, banks, and private organizations. I can't say much about its value, but definitely it will worth more than what we have today.
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Banks will remain relevant in the financial world. I only see them transiting from the norm to a blockchain driven platform doing what they do now on blockchain technology. However, can they truly offer anonymity and maintain privacy?
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This is rather the best time to invest in cryptocurrencies. Once the bull market resumes, prices might never be this low again. Move in when you get the chance now, it's never too late.
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Now that ETH has hit $400 long ago and it is at the moment far below the $400, can begin to warm up for a rebounce to the same $400 and beyond, even far beyond the ATH? This market has remain stagnant for so long. Uptrend can resume anytime.
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You just put an end to my telegram frustration with this tip of yours easy way to stay safe from scammers. Thanks
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$100k is not unrealistic, but I believe in a step at a time. Let's see how it breaks the ATH first and then we can have the next projection. In actual sense, no one is certain when BTC is going to hit $100k.
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Bitcoin mining and trading are still the most reliable way of increasing your BTC, but not without their own risk. Airdrop, bounty and freelancing are also good ways. However I won't encourage things like gambling and betting as the risk involved is high and you can lose everything in seconds.
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What happens to cryptocurrency 3 years from now, that's by 2021? In terms everything that made up cryptocurrency: value, technology, innovation, application, utility, security, etc, its development will be at a different level, far more than what we have today. I see massive adoption before that year as well.
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I do feel lazy at times when doing bounties, but the reward afterwards always keeps me going till the end. Well, my major problem with Bounty is the delay in distribution. Some ICOs distribute rewards for hunters months after completing one's tasks which can be quite discouraging. Extending campaign period is another challenge I faced with bounty campaigns not staying true to the ending date.
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People are being careful of Telegram groups these days especially the ones found of adding random people. This act doesn't go well with most people. Moreover, you need to attract the right audience to your group. What I will suggest you do is to use other social media (Twitter, Facebook, Reddit, forums) to get people to know more about your group the goal and purpose of such group is important. From social media, you can direct them to join your group for more info.
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1. Revenge trading, trying to get back a trade that has been lost or chasing a trade.
I think there is nothing so wrong with revenge trading, but it should be done in a right state of mind and with well planned strategy or better still, leave the fight back for another day. In addition to your point; leaving the market for a time is a common error as well. One needs to stick to the market, be aware of any movement and expect the unexpected.
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Demand and supply play a key role in determining the value of bitcoin. Fixed supply: the supply of BTC is known and will remain constant afterwards when all coin is mined which will leave the whole value been determined by the demand factor. The demand factor is however, influenced by other factors already mentioned in this thread, for example, government policies, political situation, breaking news and so on Once the demand is influenced by these factors, the result will be seen on the value/price of bitcoin: the higher the demand, the higher the value and vice versa.
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let's wait 60 days starting today and go back to this thread in September or October and let's see ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Here we are, in October and no serious uptrend in sight. To me, all analysis has failed and all we hope for is ETF approval which will bring in new investors for this amazing technology. Let's wait another 60 days starting from today, hopefully whatever happens brings smile to the face of the BTC enthusiasts.
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