Diversifying your portfolio is the best strategy when investing in crypto currency. Though there is a huge possibility that bitcoin may reach $20k but that doesn't mean you need to sell all your altcoins. There is still potential for altcoins but it depends on which altcoin you are holding of course. If you see some potential in yur altcoins then better hodl them and wait for it to rise, say a few years. Long term investment for altcoin is the best way to gain some profit.
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When bitcoin value drops, you should hodl your bitcoin. When bigcoin value goes down, it is not the time to sell, it is the time to pirchase more bitcoin so long as you have the financial Capacity to do so. Bitcoin has been down for quite a while but i am very much hopeful that it will rise soon so better hodl those coins and wait.
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Apparently, there are like hundreds of icos in the market and we can never be sure as to which are worth the risk and can actually deliver. One thing that you should take a look at an ico is its project, is it realistic and if it can be actually used my majority of the population. Another is the team and the member's background and track record; atleast you have an idea on the people behind the project. And lastly, take a look at its whitepaper and other details of the project.
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I don't think you need to know so much about the economy or become an economist to deserve what you earned in investing in bitcoin. For me, these millionaires totally deserve what they earned while Investing in bitcoin since they worked hard for it i'm sure and they took the risk in investing in something that is totally new at that time and no assurance that it will grow.
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Well, $50 ain't that huge but its a good start sp i suggest you look for altcoins that have potential but aren't that expensive yet. you decide whether you invest in two coins or invest the entire amount to just one coin but before you invest, make sure that your chosen coin is a good one and is good for long term investment. You have to keep your investment for a year or two so you will have better profit gained.
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Investing in Bitcoin is actually one of the best investments one could ever do, despite its uncertainties and struggles, bitcoin is still promising. Buying bitcoin and hodling them for a few years is a great strategy and will definitely give you huge profits. However, don't put everything you have in bitcoin but if you are willing enough to face any circumstance, then go.
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I think i might have all my private keys or password kept somewhere safe that only my family members could open it. I will tell one of my family member that if it in case whatever happens to me find this bolt or whatever and wherever my legal documents being kept.
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With bitcoin, you have the chance of gaining profit from it when you invest in it. Whereas, in real.money once it's in your hands there is no chance of growth. Though, in money when you place it in a bank there may be some profit gain through its interest but it is significantly low compared to bitcoin.
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Yes, of course because the price is incresing day by day. So if you buy now you give a lot time for it to grow. So that is why buying or investing as early as possible is a good idea for the value of it will increase and increase.
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Maybe because the government does not have control over bitcoin and the people who are joining. They cannot collect tax and they know that some of us can be able to earn huge amount of money.
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My salary is actually not enough for me, but i have to budget it properly to make it enough for my daily needs. I got to pay for the rent of where im staying, my electricity bills and of course for my food. And sometimes, i have to cut the budget for my food so that i still have money for next 15days. And that is why joining bitcoin is a very good idea for me.
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I don't have much idea about airdrop which clearly imploes that i haven't tried it even once. Although, i am a bit curious as to what and how it really works and if it can generate more profit than any other ways of gaining profit thru digital currency. Anyhow, since my knowledge is a bit limited, i guess i would go for bounties.
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I don't believe that this is the end of bitcoins. Though bitcoin value recently went to a dip and probably recovering for quite a while, i still believe bitcoin will continue to live. So long as there are a lot of people investing in it and using its technology, bitcoin will survive.
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Eth, ripple, neo, and waves have a good chance especially long term investment. Thay have been doing amazing improvement and growth iver the last few months. As with the other altcoins, i am not really familiar with them though i know some of them like sc, strat,qtum, and zec have been imrpoving a little bit before the end of last year. Better check the progress of some of your coins and observe its trends, thru it you'll see if they are worth to hodl or not.
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With that amount you can dedinitely invest not just in butcoins but also in alcoins. I suggest you invest about 60% of it on butcoin and the rest you invest it in maybe 3 different altcoins. You better choose the altcoins that has high potential for growth and before you invest in any of them, you must know everything about it like its project, goals, investors, and its marketcap. By this, you will have an idea as to how the lroject works and if your investment will give you some profit.
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Nothing. It's their decision so i respect whatever they think is good for them. But i will not deny to them whatever the result i get through bitcoin. Ill just let them see the effect of bitcoin in my life. If they realize that bitcoin can be very helpful specially in our financial needs then ill be more willing to explain or assist them.
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I think its possible that it can be hacked but maybe in wallets, hackers can log in or try to hacked the log in keys so that is why you have to be very careful specially for your private keys. And make sure to change or update your password every month.
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This is a good idea for me. It will be very accesible for everybody. But i think its not going to happen yet anytime soon. But maybe in the near future as technology arises.
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I learned about bitcoin years ago when my friends told but i did i just ignore it, and for me thats the worst decision Ive ever made. But i guess its never too late to start now.
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I think i would prefer long term investment, for my future use, specially when the time comes that i need to settle down. I want to secure my future specially when i dont have to work anymore.
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