Creating a business with minimal capital and generate passive income is a dream come true for all people. That is very hard to attain unless through dubious acts. I also have that dream but am thinking still on what business to open. Still on raising capital.
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When this was posted, altcoins have a more promising trend than bitcoin but look at where we are now. Altcoins are not doing well especially Ethereum with most speculating that there is a correlation between the two. It just proves that anything can happen and it's a changing market.
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If you have the spare ETH why not try the Entertainment Open Network Protocol (EOT). It uses games to spread cryptocurrency to people. Their team is behind the CryptoAlpaca crypto game.
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I have the same strategy. HODL while it's low and keep buying when there's a bearish trend but only bit by bit not all out. It's not hard to give in to your fears and sell since they are too afraid to admit defeat when they think that they'll lose everything.
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In my experience, it's around 80% can be traded in one exchange or another but the price is sometimes not worth it. So sometimes I wait for it to go up but to no success most of the time. Don't know if it's because the market is really down right now or the project is just meh.
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I once had tokens which, thankfully, I sold earlier before the the unsold tokens from the company were hacked and stolen. This significantly dropped the price of the token. Apparently, they where to go to cold storage and not to be used again but then the hack happened. Option 1 would have been the better choice. But now, I wonder if they did it on purpose.
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I'm not an early bird when it comes to bitcoin. Just joined around 6 months ago. But within that span, I have had maybe, and this is ballpark figures, around 30-35% increase in my investment with trading it in our local exchange.
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The hacking is happening almost every 2 months that had me thinking if it could possibly be an inside job. I mean, either they did not do their due diligence in protecting their exchange or they are too secured that that hackers will need someone on the inside to give them a backdoor access.
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People today are more drawn to what other people think. And social media amplifies this effect. It only takes one person to have an idea and like-mindedness follows. It's the same with cryptocurrency. Most of the time, FUD in crypto makes people jumpy and sell their coins.
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