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First of all the news that China is going to launch its state-backed stable digital currency is good for the entire crypto community. This news will help make cryptocurrency more stronger and stable. Second, China is more clever when it comes to business and trade. So China never wants to miss the chance of taking leverage from this innovative and lucrative cryptocurrency. They banned bitcoin to issue their own currency.
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I think bitcoin is always top coin and will remain the same for long in the future too. So far, bitcoin has dominated more than double the market capitalization. It remained top in the past and will do in the future. Other top coins are Ethereum, EOS, OmiseGo, ripple, BNB, Cryptomarketads, cardano, stellar.
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I do not think big companies like google, amazon, apple or facebook will ever kill ethereum. These companies are of different natures and cannot be compared with ethereum of different nature. But these companies rather support it if they accept Ethereum in payment. Ethereum has made its great impact in the market.
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I also do research before investing or doing bounty campaigns for crypto projects. I view its website, reach whitepaper, view its rating on the internet, read view of the project, view the team and read its concept. I think all investors and bounty hunters, be them newbie or old ones, should conduct researches before investing.
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I do not know whether Binance Coin will become the king of all coins. What I know about this coin is it will become a huge success over time. I believe in this coin so much that it may beat ethereum once. There are some factors that have made this coin most popular among the crypto community. One of the factors is its fast transaction and low fee.
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You are right that good bounty projects are rarely found at a time when the number of bounty projects is decreasing. The market has many unrealistic and scam projects. So we need to stay away from them. The only way to recognize fake projects is do research before participating in any bounty project. Read whitepaper, view website and team.
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It depends on my schedule. If I am busy with my work, I won't have time to check the market for as long as three or four days. But generally I check price of the coins I have been holding every single day. As I am a crypto enthusiast, I always want to get updated about cryptocurrency as long as my time allows me.
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It is always important to look at whitepaper and concept of a project instead of observing its layout. Some project with weak concept, road maps and whitepaper have such bombastic layouts that attract many investors and bounty hunters in the first place. And some of them fall victims to such layouts. So we should review a project thoroughly before participating.
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I think it is good for having too many stable coins in the market. Having too many projects of the same kind will essentially create competition in the market, which will allow investors and traders to pick good ones from the market. Besides, stablecoins, there are many coins of the same kind in the market. So lets have more coins in the market.
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Bitwings have attracted many supporters with its lavish promise of producing up to 2 Ethereum on its mobile, Bitwing. But what we need to see is implementation of its promise. Only time will tell. If it keeps its words, the project will become a grand success. So I want to say only good luck to the project.
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You have suggested a wise idea for the benefit of both project team and bounty hunters. Bounty hunters are often blamed for dumping price of coins upon hitting exchanges, which is not entirely true. Likewise, project team can also be rest assured that price of their coins will not be decreased upon hitting exchanges. So recommend this idea.
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Scammers have many ways to cheat traders and investors. One of the old methods is that they deliver message to potential clients asking for some money worth of investment. They promise double of profit on an investment overnight. We familiar with cryptocurrency know these messages are from scammers. But newbies fall prey to their trap. So we should spread this message.
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Giving personal KYC details to any other is always risky as we do not know how our personal details are being used. The first important point is that any company requiring KYC details needs to be transparent in case of KYC details of people. I cannot exactly say crypto exchanges use KYC details of traders for personal gains. But we should be aware.
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Yes patience is the key in the crypto space. But how long can we hold onto patience hoping the market will increase. In this case, some people quit while continue. As for me, I have been keeping my patience ever since I entered the market some three years ago. Although I have suffered loss, I have not given up.
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There are always chances for good projects to flourish and the project will yield good profits for investors. Some factors work behind the success of a project. Among them is a strong team, good, innovative and unique concept, technology, finance etc play a big role in it. So always take these in mind before investing in any project.
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One should always keep patience. Patience is the key in the crypto market and if you lose your patience, it will always cause harm rather than good. In the crypto market, price of coins is volatile. So do not panic-sell off when the market experiences a decrease dramatically. One should always keep in mind the fact that coin price go up the way it comes down.
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No not at all, as the market is volatile, bullish and bearish trend will come and go from time to time. So bull run will come again. Many people say that the bullish trend is just a fake. They say there are big people who just cause bullish trend for their own benefits. But I think demand and supply play a great role in bullish and bearish trend.
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There is a need to make people aware of cryptocurrency and how it functions. It means providing crypto knowledge is essential. There are many ways to make people aware of cryptocurrency. Some countries have put cryptocurrency in their curricula, while some private institutions provide crypto knowledge. Movies providing crypto knowledge covers a wide range of the people. And it is a good step.
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