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Crypto is an extremely volatile asset. That’s why I would recommend you to pick the exchange with a stop loss feature. It will help you to reduce the risk of losses and automatically sell your coins if the price drops lower than you indicated in a stop loss. Successful crypto trading is hard work that requires everyday practice. If you think that you are not ready to start real trading, you can practice on a free demo account, offered by Cex Broker ( https://cexbro.com/). It provides all the necessary trading tools including the stop-loss feature. Furthermore, signing up now you get as low trading fees as 0,05% for 2 months. I think it is hard if not impossible to find lower fees.
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Unfortunately, nobody and nothing can help you trade without any losses. All traders tend to minimize the risk, so there is a technic called hedging against investment risk. Hedging provides insurance and reduces the chances of loss. It protects you from unpredictable price changes that are essential in the volatile crypto world. There are not many crypto platforms providing this feature. The forthcoming platform Cex Broker ( https://cexbro.com/) is one of few that offers hedging and stop loss for minimizing losses as well as other advanced tools for successful trading.
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I am buying more bitcoins on CEX now ( https://cex.io/btc-eur) because of the favorable conversation rate. Despite the situation on the market, I don’t plan to sell it because I am expecting it to grow in a long run. Being aware of the market cycles, people can avoid the mistake of selling coins low.
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It seems strange to me that people complain about the price falling down. Yes, the crypto market experiences a downtrend, but the price drop is normal for highly volatile crypto. I have no doubts that it will recover.
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Bitcoin has definitely changed my life and financial situation. Firstly, cryptocurrencies have low barriers to entry for everyone. It doesn’t require a bank account because many people can’t create it due to the wide requirements from banks. Any time I have extra money I put it in bitcoin because even despite its volatility it still better than the national currency of my country. Any currency can be inflated even all-powerful US dollar, but not bitcoin.
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I know that trading is riskier. I have a different experience, including even margin trading on CEX ( https://cex.io/margin-trading). The advantage of trading is that you can profit whether it's the bearish or bullish market. If you succeed in trading as a beginner, keep doing that but don’t forget about the risks. Maybe, it's better to hold at least some of the coins.
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Launching major cryptocurrencies like Bitcoin and Ethereum is a must. But it would be hard because of competitive exchanges that has been on the market for a long time (like CEX, https://cex.io/eth-btc). To attract users to a new exchange, do something creative – launching your own token or promising rewards for specific actions might be a good idea.
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Banks are trying to set limits for crypto, but at the same time, they are starting to implement it. We're moving in the right direction. I don’t like banks and try to avoid them, switching to crypto as much as possible.
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Since 2014, the number of companies and merchants has increased, but it is still not enough. I think the problem lies in a lack of knowledge and prejudices. Plus, there are no regulations that keep companies from adopting crypto. All we can do is spread the information.
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There are several good crypto exchanges, and it’s up to you to choose the best one. Binance is a good exchange, but it doesn’t accept fiats which is a critical issue for me. I prefer CEX – you can use both crypto and fiat there ( https://cex.io/dash-eur, https://cex.io/dash-btc). CEX has a good level of security and a high trading volume.
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I think it’s a good idea because Bitcoin needs a hospitable environment to develop. It also needs governments, developers, users to collaborate. The integrative approach will allow examining the issues of Bitcoin and finding the best solutions through discussion. Successful experience of just one country will encourage others to adopt this practice and make Bitcoin popular.
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Strengthening of USD negatively influences the economy of other countries. But dollar can’t impact crypto because they have different price references. The price of cryptocurrencies depends on demand and supply, and also can be influenced by news. Those countries that legalize and use cryptocurrency will have positive results, but those that reject or ban it will be vulnerable to the rise of dollar.
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I consider major coins to be good for holding for the next two years. BTC, ETH, or XRP. They are actively discussed inside the community, and it's possible to buy them from any cryptocurrency exchange. I prefer CEX where you can buy all these coins with cards or via bank transfers. Their wires option was updated several months ago: https://cex.io/wires-campaign/.
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I don’t think that an actual bitcoin creator made this statement. It sounds fake, like someone just took a chance to use the famous name and get famous. Satoshi Nakomoto, whoever that might be, made the right decision not to reveal the personality and leave the project. Bitcoin is a decentralized currency so it shouldn’t have a name behind it. Why would Satoshi Nakamoto decide to disclose the identity 10 years later? It’s strange. We should focus on the technology instead of solving the puzzle of who that might be.
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The rule of only accredited investors permitted to invest in certain ICOs is intended to protect vulnerable people. Everybody knows that ICOs are highly risky – and regulations are aimed to save money of those who may be not enough unqualified. And ICOs benefit from identifying the whales. Pretending to be a decentralized platform where all investors are equal, in fact, ICOs make double standards. The accreditation means that you need to have some level of influence and income.
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I have recently entered the crypto space. My friend advised me to start from investing in some major coins, so, I bought them and decided to hold for now. But I continue analyzing the market, hoping to start a big game. Currently, it's better holding than trading. Or trade some part of coins at popular and trusted exchanges like CEX. I bought there my first coin for EUR ( https://cex.io/btg-eur). I'm quite satisfied with this exchange, the buying procedure was simple and quick.
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Blockchain is not private but highly anonymous. Anyone can see the transactions, but it’s difficult to identify who exactly performed them because of pseudonyms which don’t give any information about real persons. That’s why blockchain is transparent and anonymous at the same time.
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I think the world is not ready for a global decentralized money, especially those people and institutions that benefit from the centralized system. People have just learned about it and haven’t realized the power of decentralization. Unfortunately, at the moment, most people care about the price of cryptocurrency rather than opportunities it brings.
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I think, regulations by the government may have two opposite effects. Full control over cryptocurrency will destroy the original idea of decentralization. So crypto won’t be as valuable as it is now. Cryptocurrency develops naturally without any regulations. The only positive impact of regulations can be their relative stability and insurances guaranteed by governments. This way more people will be confident about their investments in crypto.
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“The best exchange” already sounds utopian. Everything is quite simple. Some services are reliable, others are not. The perfect one should probably be convenient as CEX and sophisticated as Poloniex. But as you're new here, it would be better for you to start from something simple. On CEX, it's possible to buy btc or other coins with fiats using your cards or via bank transfers: https://cex.io/wires-campaign/.
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