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You don't know who actually holds your investment, yet you just investing and hoping it will be successful, it takes a personal decision to be able to do that because it is risky. Fear is one factor that either stop a vision or cause it not to be achieved at all.
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Bitcoin holding in a long time is actually very profitable because Bitcoin is always projected to increase along with the increasingly familiar crypto globally. This is a strategy, choosing a holding for a long time or a short time is the choice of everyone who want to invest.
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I think the reason now is that the ICO space has been hijacked, before almost anyone have access to this project and can invest but now they were being bought out in Private sale level, so what is available to invest in is a scammed project.
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Yes Ethereum may lead the market but I don't see it as the next generation of BTC, besides right now the gap between ETH and BTC is so much that I see no future at sight.
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if you recognise the project potential much early then you can make a lot for the money. If you can't research for some reason then always good to go with top few coins, not top 100 coins.
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Quitting is not an option, same people who quit are those who will still come and buy the moment they hear the market is favourable, and they will buy at a very high price, so why allow yourself to be confuse. Just patience you don't think you will get rich over night.
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So when declines happens the market value will eventually increase and patience is a virtue. The best thing to do is hold on, no cost for panic just because cryptomarket is falling.
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This is why most bitcoin users are adviced to not use any exchange wallet as their main ones, but to be safe about these hacks you can simply avoid them by quickly moving your funds out of the exchange once trading is done, to be on the safe side.
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For the next 10 years, cryptos will become famous and become the global currency of the entire world. At that time, cryptocurrency will replace real money to become the most popular currency in the world . However there is massive adoption of cryptocurrency recently that even these regulations will be a thing of the past.
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Any mistake or wrong decision can lead to loss. But I think, you do not have bitcoin wallet. If you had bitcoin then you would not lose that. Moreover, there could have some fault in your investment decision. So rather investing in the different new coins, keep investing in the bitcoin. It will have a bright future.
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I follow too many expertion twitter and a lot about icos, altcoin, crypto. I use bitcoin talk mostly, but am searching on medium, steemit, telegram, youtube, twitter and the projects website. I believe that it is very important thing to read icos whitepapers. They can include very vital information you need.
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Experience is the best teacher, and I believe that every mistakes has a lesson,and most of all mistakes in cryptocurrencies they are always fatal. Please we all should be careful
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Altcoins can be good for day trading because you have many choice where you can just jump off after profiting to the current alt coin you have, You may actually lose money if you don't know what you are doing as exchange commission adds up.
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Some projects end successfully but they couldn't list on exchanges for a long time, Some projects start very actively then it became inactive with time, Some coins get listed with very cheap price than ICO price and expected price. So it's actually filled with surprises don't know what's going to be reward.
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Bitcoin price is one of the pillar that dictate the price valuation in Cryptocurrency Market when Bitcoin price soar, altcoins will definitely follow. Anything can happen let me don't be on the negative because at the rate bitcoin is flying investors can make that happen.
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