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The difference between centralized and decentralized currency is quite and as far as I know, decentralized currencies are far better than centralized currencies. Fiat money is good but there are a lot of solutions it cannot offer as things are changing fast. Digital currency is an innovation that is far ahead.
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I don't think it is a bad thing to have many exchanges around, provided that they will be healthy exchanges and not cheat or scam as we have seen the some of the existing exchanges. Availability of adequate exchanges will make listing of new coins very easy.
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I don't actually follow anyone's advice. I simply stick with my own decisions to invest and that's it. It doesn't mean I don't take advice from people, but I weigh my options to see what's best for me.
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I think I heard a rumour, I'm not too sure though of Floyd Mayweather investments into cryptocurrency. Cryptocurrency having celebrities in it is already a self made advertisement on its own. Therefore the community needs more of them.
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Alot of people still believed in bitcoin despite the downward trend. It's no doubt that all the market are in red, therefore true adopters don't doubt at this stage. It's normal going through history lane.
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To make cryptocurrency go viral, we need to ensure that more adverts and applications are created. Engaging those with biase mind against cryptocurrency about the technology and letting them know how much of importance it is and how it can change their lives positively.
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It can simply be put as internet = bitcoin and bitcoin = internet because they need each other to function, without internet you cannot access bitcoin and with bitcoin you can make the internet a better place.
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I don't use Poloniex. But as for placing a stop loss and taking profit at thesame time, I don't think it is possible. I'm aware you can place a stop loss on a particular order incase it's about to fall below your desired price. But I'm not sure you can do both at thesame time.
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I don't think SEM is behind the dumping of coins, I believe all this are normal occurrence that must happen in such a huge market with billions of dollars with several criticism and scam ICOs from Altcoins. But in due time the market will recover and everything will be just fine again.
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This theory has been on since the inception of bitcoin. There's are lot of people in the community who owns different ideas and strategies. Some are there to make a positive difference while some are critics who are in the community for negative reasons. It is normal for people to create any form of conspiracy. In all these, bitcoin is till thriving.
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I think Russia, Thailand, Philippines, Korea, there are no restrictions placed on bitcoin in all these countries as it is supported by their government and you also have access to electricity and good internet connections.
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The decline in price is inevitable, when there is a rise, also there is a fall, sometimes the market is bullish, sometimes it is bearish. All this are simple applications in a financial environment. The present situation is therefore an opportunity for some people to start investing, as you can get them very cheap right now.
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It shouldn't come as a surprise that people are buying despite the fall in price, for some people this is the best time to invest their money into buying of this assets as they stand to gain much more when their is rise in price of such altcoin that is been bought now. Thereby returning huge profit margin.
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Sincerely the best thing anyone can do during the time cryptocurrency price falls is purchase more coins at a very cheap price, at this time when the cryptocurrency market is bearish, you can get exorbitant prices for your altcoins. One can make purchase at a very low price and sell at a higher price when the price goes up to enjoy more increase in profit and values of assets.
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Multi-level marketing may be or may not be advisable for bitcoin depending on each and everyone's perception of it. Some multi-level marketing programme are good and turn out to bring a very good yield on investments while the majority of them are scams. It is advised to choose wisely before going into one if need be.
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The rate at which the price drops is quite devastating, however if you have been following bitcoin closely or even if you start recently, try to familiarize yourself with the history of this cryptocurrency and you will realise this is inevitable. Therefore be calm, you will get a huge profit over your investment with time.
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Power consumption of bitcoin mining keeps going up. And will continue to go up as bitcoin usage and price increases. This have harsh enviromental implications. Is there a way to reduce power consumption or are there plans to switch to a more eco-friendly way of mining bitcoin?
The rate at which bitcoin mining consumes power is alarming as there is no alternative to this at the moment. I'm not sure the bitcoin community are doing anything towards it right now, the heat encountered during mining and the gases inhaled are unhealthy. Using solar power can be a good source of power to power the equipment but could be expensive too. |
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Cryptocurrency didn't come out as a source of financial freedom. It came as a means to provide solutions to everywhere the commercial banks have failed us. Therefore bitcoin is for everyone as its a medium of transactions.
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