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Don't just buy into cryptocurrency coins without making due process on the following factors:
Total Supply and Circulating supply of the coins Price during ico if any. Community strength during and after ico. Any coin burn and how many will be burnt. Antecedent of the developer Is there an established company behind them? If not, at least does the team have expertise, experience, and trust from others? Do they have a working product or revenue/profit stream? Do you trust them? do they have a service or product that will endure for years to come.. And above all the use case of the coin. The use case triggers speculation and speculations fuels the price increase.
Of course, there are many more, but it’s common sense for the most part… If the answer is no to any of those, it’s best to avoid investing.
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We need to accept the facts that it's very difficult now to see a coins doing x10 x20 or even doing 50% returns on investment in this bear period. And nobody knows when the bulls will come. Therefore, it's will be advisable to exist when your coins do 20% returns or even less. I know some investors will not be satisfied with 20% but we need to be objective and understand this bear period will last longer than expect.
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As we await the bull markets, I think we need to prepare for it and take maximum benefits from the bull markets. You can read further on this link: https://t.co/F1j85nz4k4And equip yourself with adequate knowledge of save guarding your capital potentially. Though the article is written in 2017, but the information can be useful for this coming bull. Read on and share your views. Link: https://t.co/F1j85nz4k4
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I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions. I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
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If you are among people that start trading, or investing in cryptocurrency from 2016, you shouldn't be complaining of been rekt. You should have make more than 100% of your capital investment before now. So many people makes x20, x50 of their each trading during those periods, because we saw unbelievable pumps then that made peeps money. I can remember then turning 150k to over 850 under a month, that's how juicy those periods are. When i see how much I've achieved compare with what I started with, I always be glad because I started nearly with nothing.... That has been my console and everybody that started from 2016. So, forget about this bear period be glad with what you have achieved with cryptocurrency.
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An intending cryptocurrency investors recently approached me for my input in an ICO he intend invest on. And one of my advised to him his to read through the whitepaper of the ICO to determined how credibly and successful the ICO will be. He then, ask me how sure I am that a well written whitepaper will determined how credibly, trusted and successful an ICO will be. I couldn't give a clear answer to the question, because I personal know that so many scam ICO have a good and well detail whitepaper.
What's your take on the ICO whitepaper, can the information therein be enough to determine how successful an ICO will be.
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If we are still trading cryptos with the hope of btc reaching All time high now and carry alts along, it might not happen soon. Don't get me wrong, The alt season will still show... But until then.. Adapt to the present situation and trade only what is stable.
I used to be so hopeful for a bullish bitcoin.But now, whether it likes let it go up or down I don't care as long as I take advantage of the move, that will be alright by me... And that's what trading should be... No emotions or bias attached.
Now how do we make money off btc dump? When btc dumps you simply buy ustd when btc begins pump you sell off ur ustd and hold btc. Repeat and rise
Use good TA and convenient time frames
Personally, I use 4h for this.
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In the last three years, Bitcoin has proven to be an extremely reliable and secure in transactions processing. The last time Bitcoin had a major security challenges was in 2013, when the blockchain securities was put into challenges for some days and it was resolved effectively and now for over 4 years Bitcoin has been operating efficiently and more secure. Can other cryptocurrencies also face similar security challenges and easily overcome it like bitcoin do. Most of these altcoins including Ethereum have constant reliability and security issues.
What factors make bitcoin most realible and more secure, its the block chain technology which its operate or other factors also contribute to it.
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I have been observing a trend from last year bitcoin price movements to this year movement. I have observed how we're getting so much positive news and adoption about bitcoin this year, but still the prices refuse to go up. If this was last year a single positive news will have pumps the prices by at least 10% or more. Its that positive news don't longer have any effect on the price movement or is their any manipulation going on.
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Am delighted coming across various news and online posters about how higher institutions in different countries of the world now talk about bitcoin and cryptocurrency. They as far as organising symposium, seminars and conferences on cryptocurrency related topics. This development is a sign that awareness is now been circulated to the younger generation and to me is a good omen and a welcome development towards the establishing a firm standing of cryptocurrency to the world.
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I have always see people talking about advancement and recognition of bitcoin and cryptocurrency to all. But majority have done nothing to proclaim and encourage people to know about cryptocurrency. Please in your own little ways what have you done to impact the knowledge of bitcoin and cryptocurrency to people.
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