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When the Chinese exchange sprang up from the indigenous coin called Binance, I thought I have finally seen my ticket to financial breakthrough in crypto trading and investment. But how wrong I was! Having seen how well the initial Chinese Coins fared, I thought Binance would fare much better, considering the use cases associated with it. I didn't waste time to withdraw almost all my savings just to make sure I invested in this new gold in the market. The coin didn't waste time in showing bearish signs immediately I took a position. Within a short time, the coin has dropped about 60% from my buying price. I expected a bounce back to its ATH but the coin has defied this expectation as it keeps on dangling at its current price. I might be wrong to draw this conclusion at this time but I believe the coin can still put smile in the face of we the investors. Here, I drop my pen.
What was the initial price you bought in at? That's pretty unfortunate that it took a dip on you. Have you considered using those coins to offset trading costs? |
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This resource tells you exactly why US cannot participate in ICOs. Short answer: companies do not want to take on additional risk by the US government. |
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I am curently doing this with around 50% gains PER DAY. For example, yesterday I traded in my Raiblocks for TRON and caught the jump. It really matters what potential the coin has, the technical analysis, and any upcoming news. I jump around a lot every day from day trading coins. |
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I think you should hold Verge honestly. It has been stalled around 2b mark for over 7 days now. At any time it may explode, especially with any good news. |
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ICO's currently are providing great returns on initial investments. ICO companies are starting to restrict citizens of countries from participating though. An example is US citizens because the SEC doesn't think ICO's are securities. Many ICO's do not want to deal with government down the road.
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Ethereum MIGHT overtake bitcoin, but only because bitcoin will drop in price once people start to realize there are better options than bitcoin. stellar lumens, Ripple, Cardona, and Raiblocks are all better options than Bitcoin lol. |
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People are cashing out taking profits.
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I find it really strange John McAfee knew about Electroneum. From his own words, "Electroneum - the first of my daily coin reports" sounds pretty "paid" to me. Why else would he all of a sudden pick Electroneum out of the masses of coins days after he picked Verge to pump? I think this was part of the extremely talented marketing team behind Electroneum. They are phenomenal at marketing to the masses due to Electroneum having a very high supporter base. Also, their whole team is very experienced in marketing as appeared on their official Electroneum team page. https://cryptocolumn.com/john-mcafee-electroneum-talks/ |
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