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There will be always downside to everything, some people will always find a way to criticize digital currencies since its still not widely accepted. Example to the downside of crypto are hacking, price tends to be very volatile.
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Just dont beg for merits, dont whine not receiving any merit. It will be a long battle for merit for newbie since flocks of newbie been created to abuse alt bounties. So the only way for you to get one is to try and compose more relevant topic that could attract someone that holds smerit and then merit you eventually, market price will soon recover but bear in mind that everything can go wrong from the beginning.
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You can always backup your wallet securely to cold wallet, don't share your informations and avoid storing your passwords in desktop where you randomly download files, your system might be vulnerable. Always be extra careful when dealing with dex site where you input your private keys opt to use metamask instead
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That's alot of money , sadly it gave negative name to cryptocurrencies. The vulnerabilities will always be there but this kind of incident could really hurt the price and reputation of cryptocurrency, man we're dealing with money and this type of is irreversible money lost in thin air without owners and investors control.
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Thats why I think its about time to improve KYC process like real time process, I encounter some verification where in they video chat their costumer just to prove their identity and fight identity theft and falsification. Documents can be easily faked so I think live verification could counter this somehow and lessen those cheaters.
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Last time I dont agree doing KYC for bounties , but seeing lots of cheaters and scammers doing multiple account just to cheat the bounty. Then doing so is really necessary , but the problem now scammers are innovative they fake ID's so I guess manager need next level verification like providing video verification of the bounty hunter
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Some people are simply trolling whenever they're asking that question consecutively they're intention from asking it is unknown , though some ask cause they really wanna know what's happening and bear market is hurting them already. That we cannot give a right answer to them. Cryptocurrencies will always stay.
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I dont have any choice but to hodl at this current market situation , had to fight for what I invest for. I dont want to sell at loss and trying my patience not to think negatively and sell.
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If it continues to stabalize in 200$ then i think sooner or later it will fall again, market volatility brings excitement to trader as price depends so much from speculations and could drop whenever there is some fud from mainstream media happen. Hope eth could recover soon to 500$  |
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its normal to see reds these days, we are in a bear market. It's an opportunity for us to buy cheap coins at the moment, best time to invest is now. Corrections is always there whenever a market pump expect a pull back or correction.
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I occasionally do gambling , you can always try poker its my favorite game. There are lots of gambling site which accept eth, you can also try blockchain lottery , you might be lucky and bag the jackpot. Though, its really risky but profit is big if you win.
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You can always do bounty, some of them pays eth or you can invest little by little from your salary. You can mine eth if you have the power and GPU to start with.. You cant earn free eth you need to work for it, lots of paying job that requires technical skill offer some eth payment in return.
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Don't trust anyone easily or totally. Everywhere is infested with lurking scammers waiting for their prey, they would do everything and the most stupidiest thing just to convince us and bite there bait. We have to be careful dealing online and secure everything we got. Do some research first before jumping in to something, google is always there for us.
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Market is fluctuating today a lot . But I hope it will not continue. So I am applying HODL at this moment.
What is your policy at this current market volatility?
HODL don't really benefit everyone from this market, imagine almost ICO from last year are failing and HODLING could only hurt more our investment. Sometimes we need to cut losses but yeah holding some precious token or could give high reward when market is green. |
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We cant control them whenever they want to sell some of there bags , Yes it could impact and manipulate the market price still its their game. Us tadpoles could only whine and see price falling after they dump their bags. |
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market shows sign of recovery , I dont know if this is a bull trap or a sign for bull market. Let's just be glad we see greens now, its been some time we see red candles. ::)We need this pace to continue slowly
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why people are crazy for crypto ,they leaving their job, they selling their house , selling their property?
Its crazy for some people who go all in-in crytp, as much as I support this currency, it's not good to stake your future in this market. Some people do this for the hope of fortune but its a matter of risk. The hype for crypto currency blasted last year when btc and other alts sets all time high, no wonder why some people jump in and crazy about it. |
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It's hard to find good ICO nowadays for easy profit, if you really wanna invest then most ICO now needs long term hold with high rewards, try to look for mobu "a decentralised platform and end-to-end solution for ICOs to launch compliant security tokens"
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More and more ICO projects are coming based on many major currencies and specially in this year the trend increased rapidly with many reputed organizations that are in various industries and trades decided to start there own digital currency to make there business more effective and efficient in order to gain more profit.
Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency
I don't think its a threat since almost all of altcoins depends so much on bitcoin price, and there main functionality is to serve as an alternative to the original one which is Bitcoin. Though some coin has the potential but mostly they serve as a utility coin or token not as a currency. |
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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.
Since bitcoin is not widely accepted, the only way to educate them is about blockchain technology. As bitcoin is one of the first true blockchain and decentralized currency. Simple way to let them know the accessibility and convenient it offers like sending money using bitcoin to other country with lesser restriction. |
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