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please don't day trade. There have been many before you and all of them got rekt. It's really a shame that people come in to make money and leave without any. Just hold long term and you'll be just fine
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MEW is basically an interface. It's not a service with servers where hackers and get into and steal funds. The only thing it does is showing you the state of the current addresses in the blockchain, whether a specific address has coins or not. It can't be hacked.
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it's not that straight forward to find good bounties that pay good, because just like prices of token and coins, you can't foresee which coin will perform well and which not. There are many things that have to work out in order to get involved in a good bountie. It starts with the project itself, is the project any good? Because if it is not, and even though it will be paying out a bounty, it will not attract any money and you won't be therefore rewarded accordingly. If the idea is good you can look into some time reading the whitepaper or whatever technical documents the project has releases (blogs included) the more you read about the project the more of a clear idea you will have whether it's worth investing your time in it or not.
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the exchange that you will use really depends on the type of region you live in. Unfortunately many exchange are kinda restricted to what customers they can serve, each country has their own regulation about which citizen can deposit money and send money to that country, it's really silly but that's what exchanges have to deal with. The best bet for you is to find a local exchange, in other words an exchange that is regional and serves your country. In that way you will be able as well to reduce the fees, because it's usually more expensive to send payments overseas, and you are very likely as well to convert your local currency to a currency that the exchange accepts, which means you'll lose an additional 2-3% in exchange rates. With a local exchange provider you won't have these issues.
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airdrops are indeed (most of the time) a waste of time. But you have to think about it kinda more logically, you are expecting to make money by just submitting your address.. I mean what do you expect? There is nothing free in this world and there is definitely no one willing to give out free money to anyone else. The only reason projets are doing these things are for advertisement purposes, they want to make sure that the product and service is heard, and what's the best thing to do that other than sending you some of that product/service (coin in our case) to use it yourself. It's basically useless and airdrops have had hardly any financial effect to anyone (expect some serious projects that managed to do something big) but you an count this on your single hand.
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can we please forget about hardforks? Can't you guys see that it's just a trend going on? Non of these forks is offering anything of value to the entire crypto network, they are all worth nothing. A while ago it was a big thing when BTC would fork, now we hear about a new version almost daily, and one is worsed than the other. One project increases block size, another the total supply, what the heck. The developers are just adjusting parameters and try to deliver the "new bitcoin". That simply won't happen and anyone who is investing in them is way too naive to be in that industry to start with. Start investing in value and value will eventually come to you. See the future potential and don't run behind short term profits, like forked versions.
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it's not usually that straight forward, it's actually quite hard to identify a real ICO from a fake or scammed one because most of the promoters are putting a lot of effort in making it look legit, and to the untrained eye, investor and trader that won't be visible. They are basically offering a whitepaper, a business model, a legit website but are not serious for the long-term, it's hard to identify these kind of things which is why you have to come in direct contact with the founders and core team. Try to join their communication channel (telegram for example or slack) and start making tough questions, push them to the limits to see whether they indeed have figured everything out and do our own due dilligence before you invest in any of them.
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you better don't trade at the first place, because according to your question it can easily be concluded that you have no idea how to trade. Altcoins are extremely volatile which means they are very easily manipulated and their value changes really fast. Someone without a lot of experience might get rekt in an instant, and that is what usually happens. If you want to trade coins why not trade at least BTC or ETH which are relatively more stable, the rest of the altcoins are fluctuating way too much for you to forecast any movement. It's really difficult. Before you get into crypto you could start trading on the FOREX market and make sure you understand first the traditional dynamics and technical analysis before moving to the crypto one's (which are more dangerous).
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Let's analyze each of your picks:
Neo Yes, NEO is quite a good investment because it's basically an infrastructure in development which many projects and believers are following. It's a great way to be invested in the smart contract industry and offers some good potential returns.
Golem Yes, Golem will be big one day (it might take a couple of years) but once they developed their technology and are able to build the supercomputer they are aiming for, the price will skyrocket.
Bancor Yes, Bancor is well positioned to replace decentralized exchanges and offer every single coin in the world the chance to be sold/bought (it solves the liquidity problem).
BitcoinCash No, BTC is the only one I didn't like out of your picks. BTC is just a copy of Bitcoin which makes it useless (people are just in-it for the short-term). You might tell me that NEO is a copy of ETH as well, but at least NEO has a different approach and they try to build an infrastructure completely different than ETH.
Your portfolio score: 75%
Get rid off Bitcoin Cash
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prices are something relative. You're seeing right now BTC trading at about nine thousand and you think that it's a big deal, like expensive and should be less cheaper which if it was, you would buy it. But you forget that there are only 18 million BTC's out there. This is really not a lot and there are many people who want some BTC, so it's natural that the price is that high, but that doesn't mean by any way that BTC is expensive. People confuse the price of something with being expensive or not, without considering the price in relative terms. Ten thousand per one bitcoin is really cheap if you think about how many people will want to buy it in the future, and how many people will have bought it, it will eventually rise even more and when it reaches to hundred thousand people will probably still keep on buying this.
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I think we are already seeing the effects of Ether going POS. First of all everyone is trying to stack up currently, the simple reason is because in the future when POS will be implemented, everyone will be able to receive ETH is return for confirming transactions, so instead of mining, which is currently done by big players who have the entire power centralized in their hands, the average person will be able to confirm transactions just by locking up their ETH to a smart contract. That's pretty awesome and the implications of this is some sort of indirect divident paid to holders. It's like holding shares is a big bank, instead of them paying you quarterly some dividends, you'll be receiving some ETH which have just as much value.
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whoever made this post must be crying right now. Whoever got out of ETH just got smashed big time. What made you say that at the first place btw? Ethereum is a solid project and one with the biggest potential out there, it has far more use cases that BTC and it's far more efficient than BTC. It processes more transactions, will be soon completely private and transactions will be PoS confirmed instead of being mined, which makes the network more decentralized. Bitcoin from the other hand is suffering due to such things and I'm wondering how it managed to go as far as it did. Ethereum is way better developed and much more prepared to serve the massive market that will be incoming within the next years.
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Monero is so cool. But many people think that it's used for illegal transactions, they are all focused on just the negative things and not all the good things that can be achieved by using Monero. It might be used on the dark market for example, since it is private and people can't really see were the money came from or where it is going, but there are so many other markets that can be served exept the dark market. Illicit activities in currently the main market of Monero, and it's what it is holding back from more adoption. BTC is kinda private too but at least there is some sort of transparency that everyone likes to see.. for example were the coin is going where it came form etc. Monero doesn't offer that and that's the reason it attracts the "bad guys".
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keep it. Even though NEO is more or less a copy of the original, which is Ethereum it's still a very good token to hold. Some of the reasons to do that is because NEO is kinda acting as a hedge against ETH, which means that if something happens to ETH and it fails, in one way or another, then the second best option out there would be NEO. Some are saying that ETC is a good alternative to ETH but that's not tha case, the team is not implementing anything that is worth considering and it only lacks behind the shadow of ETH. NEO at least is innovating and is trying to get regulatory approval, it serves as well the Asian market which is kinda huge considering that many new users will come from there, so you stand to earn quite something by holding NEO.
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the idea sounds great. I think in the future the majority of jobs will be based on some sort of virtual reality integration because VR is becoming all more realistic and there won't be any need to transfer people from one spot to another anymore. Everyone will be able to work from home and that will reduce the need for a company to have an office (which means reduced costs) and it will increase the general well being of individuals who are intersted in having more free time or spending that time in a qualitative manner. The fact that you'll have more time to spend with your family or do whatever you want is a huge plus at this kind of technologies. Integration will take some time, but when VR will be used in mainstream then yes, your simulation will definetely have good chances of survival.
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ETH and BTC are two completely different things, you can't really compare them. They are both different in technological-wise applications and they are different in their economics. You can't really say one is better than the other. If you are between the two (which you should invest in) I think you would do yourself a favor if you invest in both of them. ETH has anyway great potential and the price will definitely move up in the coming weeks and months, and BTC is the number one crypto out there to start with, and it's the most well capitalized one, which means that it basically moves the market (when BTC goes up other coins go up too and vice versa) so it's a good idea to be invested in both of them so that you don't miss out.
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It's unlikely you'll find someone willing to just give out ETH so that you use it as gas. If you just need to cover gas costs, and need a very small amount, I would reccomend that you start mining via your smart phone, there are several options out there right now that allow you to do that, and even though it's not profitable and you are unilikely to make a lot of money out of it, because the entire mining market is dominated by big players and expensive hardware, you'll still be able to earn at least a little bit in order to cover your gas costs. I'm not sure as to the exact amount you can earn, I guess that depends on what phone you use, but it will definitely be enough to cover and sort of gas costs associated with whatever it is you want to do.
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It's not possible in my opinion that BTC will completely lose its entire value, it's here to stay and has proved already that it has great potential. Altcoins have to thank Bitcoin for showing the way, and lately we are seeing BTC and other altcoins moving along (before it was usually contrasting, when BTC was going up ETH was going down and vice versa) but the more dominance BTC has over the market the more it affects its entire performance. So when we'll see BTC gaining back a market dominance of about 60% then we'll see the market reacting more to how it's performing. Unfotunately if Bitcoin will fail, which won't happen, it will take the rest of the coins with it, but eventually people will realize that it doesn't make sense to follow bitcoin, as each technology is different, and the market will again adjust.
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There were news today about Tether and their role in losing about 30 million USTD. It's quite a big amount and they definitely have to explain what happened there. The Omni network is simply not secure enough, or Tether itself has messed thigs up. To be honest they might as well have gambled that 30 million and just try to back it up and cover their losses by saying they got hacked. It's really dodgy and the market needs more participants and other alternatives in order to not relly on only one provider. Tether has seen a lot of controversy and there is always something to say against the company, the fact that there are no alternatives out there is ridiculous, there is a huge market cap to fill that sector. More projects should get involved.
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Ethereum will be huge in five years. It's still so early to tell because there aren't enough consumer to use all the decentralized apps that are being developed. But in five years all that will have changed. Once people start being interested in these crypto's and start seeing the benefits that the blockchain technology is offering, the more will start joining. It's a fact and I expect this to happen within less than five years. When this happens ETH will be there waiting for all the consumer adoption and that will skyrocket the price to even further gains. It has already performed great and is one of the best performing coins. I'm sure the trend will continue and we'll see a thousand fold increase in value in the coming years. Who know's how big this can get.
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