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Bearish cryptocurrency market is the best way to make people sell their cryptocurrencies for a cheap price. When everyone will be sure crypto is dead, it will suddenly start rising to the new price records.
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Short-term investments can give much more profit if to compare with long-term, but it requires a good knowledge of technical analysis. If you are not a good trader, long-term investment is the best way to get profit.
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The most effective ways to attract new investors to join ICO is promotion of the project with Bounty campaign and Airdrops. At the same time, the project need to have an innovative idea which solves a real problem.
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I think these "Spirits" are one of the most important things for any Bounty hunter, especially today when it is very difficult to find the projects which can allow you to get a good profit.
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It is true that there are too many scam projects and it is rather difficult for any project to collect funds for the further development, but there are still worthy projects which can give a good profit if you invest in them.
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I totally agree with your opinion, if you want to reach success in any sphere, including crypto, you must use your own brains to find out the useful information and make important decisitons.
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Weekly Proof of Authentication
Bitcointalk Username: miklesm
Week Number : 3
Bounty Type you participated: Facebook, Twitter, Linkedin, Telegram
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I am sure it is not the end for the cryptocurrencies, they provide people with a great amount of cool features like decentralization, high speed of the transactions and low fees, so they are very likely to be used in the future.
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Actually, these companies do not have any instruments to verify whether you provided a fake ID for KYC or not, so many people abused the system sending someone's documents.
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I agree with your point of view, if you come to cryptocurrency market you should understand that it is very risky, you need to be prepared for any stressful situations like BTC falling for 20% during a single day.
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I think the need in technical analysis skills depends on your aims in crypto - if you are going to become a trader, it is definitely needed, but in case you are going to buy BTC or some altcoins and forget about them for some years, there is no need to know technical analysis.
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Whitepaper is just one of the factors which can tell you the project is likely to be scam - you should also analyze the general idea, team and activity in social medias. As for me, I try to find detailed technical description in Whitepaper.
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I am sure crypto will not die in the nearest 10 years. More than that, blockchain technology is likely to get a wide application in our everyday life, so cryptocurrencies will rise, too.
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It is true that ICOs are not as successful as lets say a year ago, so it is rather difficult to get profit when investing in ICOs. However, there are a few projects which collect Hard Caps and likely to grow in the price in the future.
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