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The first thing to do when the market is down or going down is to stay compose and relax. Try not to panic and make careless decisions because it might lead you to something bad. Just observe the market and try to look for ways on how to earn in this time of the market like buying some potential cryptos in a lower price.
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For me I think its very necessary. A project is only as good as its products. Also, working products will give investors a little assurance or peace of mind that the project is going towards success. It will also gives potential investors the opportunity to experience the project first hand that can help them to decide whether to invest or not.
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I think its safer to keep it in a bank than in crypto. Banks have more security features and your money is insured. Also there are paperworks to be sign and you have a proof that your money is stored in them. In crypto, there are less security protocol and its prone to hacking and cyber fraud. Although its more profitable in crypto its very risky.
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Its way too early to tell. Besides ethereum is not the only one that is dropping, in fact almost all crypto are down. I think the market is in a condition wherein its trying to adjust itself and correct its value from the previous years. Although its very sad to see it, but its a normal phase in cryptocurrency. Give it a little more time to see its improvement.
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Buy more. Although it sounds like a bad idea, but if you think about it, its the perfect decision that you can make it this type of situation. When you buy more while the market is down, your buying crypto in a smaller value, which means you'll when the time comes and its price kicks in, you'll be the one to benefit.
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I am also worried like you. I also like ethereum but I guess crypto is really very unpredictable. Even coins like bitcoin and ethereum are struggling to come back. But still I have a lot hope for ethereum that it can still come back. Maybe not this month but definitely before the year ends we might see some small signs of life for ethereum.
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If thats your limit and you can't take any failures again, then its time for you to give up. But if like to learn about crypto more and you want to earn more profit, then you should continue. Remember that its in our hand whether we choose the right bounty or not. So we should learn from our mistakes and make the right decision next time.
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I would say its risky and exciting rather than dangerous. Crypto industry is very unpredictable thats why a lot of investors are very hesitant to try it. On the other hand, its very exciting because you don't know what will happen. Its also very profitable given a proper preparation and excellent decision making. This industry is for risk takers.
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Both are good and profitable given the right condition and situation. They both require attention, effort, and time. In short term investment, you have to use your own money to start with and you have to check the market every now and then. In bounty campaigns, you don't need to release any money, you just have to follow rules and be diligent.
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I'm not really sure if I understand your statement but I think what your trying to say is that you lost some money in an ICO. First of all before you invest in an ICO you should know the risk of it first. ICOs are very risky because you don't know if it will succeed or failed. Also it involves crypto which is very volatile in nature.
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Yes I think we can say that. Majority of ICOs out there are based on ethereum blockchain. When it comes to ICO, yes I think its the king. ICOs are also sending their tokens on an ethereum wallet. Maybe they used ethereum as the basis of their crypto because of its usability, convenience, and its versatility.
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Well its not that easy to identify if the bounty is a scam. Usually most of them are really good at first and then turns out to be a scam after sometime. You can look for the signs like their rating in monitoring sites, the team behind the project, the bounty manager, the project itself, and their communication means like telegram.
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People want to create their own crypto because they see its potential. Most people also think that cryptocurrency is the future and everyone wants to have some of that future. More and more people, companies, and countries are already adapting crypto in their system thats why having your own crypto will help you adapt to changing situation.
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All the things you've mention. I'm using it for trading, investing in an ICO, and for long term holding. Ethereum has a lot of potential. You can hold it for long term investment like bitcoin because its one of the most reliable crypto out there. You can use it for trading because most trading sites uses bitcoin and ethereum.
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In my opinion, I think there is no winner between bitcoin and ethereum this year because both of them are actually drop down from their previous values. This year is actually a bad year for both of them. We can't say exactly because the year is not finished yet. I think before the year ends, bitcoin will be able to recover and gain some compared to ethereum.
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Not necessarily true. Sometimes even if the bounty campaign last longer than usual, you will still earn a lot. Its more dependent on the number of participants and on your rank or level. The more the participants, the smaller the amount of token to be recieved. Also the lower your rank, the smaller your reward.
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I don't think so. In fact I don't see ICO dies next year or in the near future. As long as there are people who are going to create projects and products in relation to crypto, it will never die. In fact ICO plays a very essential role in the survival and continuation of cryptocurrency. New tokens or cryptos are born from ICOs.
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Definitely not. Yes I agree with you that the market is down for a long time now but its part of the cycle of cryptocurrency. Sooner or later it will rise up. Besides, If we quit now, we are going to lose more. Its better to wait for something better than end up nothing. So for me, there is no point in quitting right now.
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I would say not entirely end. I don't think ICO will end entirely someday. I think the number will decrease significantly in the future because the rules in implementing ICO will be stricker to minimize spam ICOS. ICO are very essential for the survival and continuation of cryptocurrency because this is where new cryptos are born.
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For me its quite normal. Tokens value after ICO usually drops when its listed in exchange sites because people try to convert it as fast as they could for instant money. After some time, it will be back to normal. It ok to panic but you have to focus and kee yourself compose. Its nice to hold your token for a while before selling it.
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