My preference for BTC wallet is a hardware wallet, specifically, Ledger Nano S. It is simple, affordable, lightweight, and incredibly secure. I have been storing my funds there since last year and I am planning to store it for 3-5 years, or until I retire. Long term storage is important for you to not be easily tempted to make decisions based on emotions.
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No, there is no minimum required earnings per month before you enter the crypto market and trade. Although, you need a bigger capital to realize your gain/loss from your investment. A price movement of -/+20% on a $10,000 is significantly higher than $1,000. But, you can always start small, keep the profit, move on to another trade, repeat with a bigger capital. Also, don't forget the golden rules in investment: You should only invest what you can afford to lose, and never put all your eggs in one basket.
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Aside from being computer literate and having equipped with proper knowledge about crypto and basic skills about trading, those who are jobless and the public should also be aware of the risks involved with it, along with being financially literate. It is feasible that mass adaption will occur, but the only question remaining is "When?".
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I do not think that ETH will fall below the price of $100 this year. Even if it happens, many buyers will buy and FOMO will happen which will result to another uptrend. The usability of ETH's platform will open a lot of potential in crypto currency world which will be utilized by the real world.
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In my opinion, Ripple has a good potential to survive in cryptosphere, it has been one of the people's favorite due to its cheap price and popularity. It was even advertised in a reality talk show - Ellen DeGeneres by Ashton Kutcher through a donation of $4M to charity. For me, I will hold on to it and keep on accumulating until I'm satisfied with my earnings.
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I think so too, that the bottom price for most crypto assets is near. Most indicators are showing that it is a really good time to buy during this golden opportunity wherein we can afford more from our funds compared to previous peaks. The bulls could wake up when September ends, at the start of Q4 2018, the trend may change to another surprising phenomenon.
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Right now, I think DOGE is the best buy in this current market situation. The hype is not yet done and it is even pumping beyond 100 sats as of this writing. But, you should be skillful in watching out for signs of dumping so that you may gain profit even for a short term. For long term though, you might want to invest on coins with rewards thru POS/master nodes such as PRiVCY, DIGIWAGE, MAG, and BUZZCOIN - just do your own research before putting what you can afford to lose.
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This is what's included in the package of being involved in crypto currency. The ghost of the past will continue to haunt us even up to this day, due to the wrong doings of previous users of crypto currencies. Better days will come, as the future is already here.
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There are many risks associated with crypto, as well as with other investments. Knowledge through extensive research and experience is important before investing. The risks can be minimized thru different strategies, like diversification and cost averaging method.
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This is exactly the way the manipulators wanted you to feel. Sell it to them cheaply and they will be the ones to benefit from it for long term. One man's trash is another man's treasure. If you really need the money in this moment, there's nothing wrong from selling your coins and converting them to fiat.
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I have been with many projects so far, but the most promising ones are DIGIWAGE, MAG, BUZZCOIN, PRiVCY, and GRFT. Try to do your own research about these coins I mentioned, they have roadmaps and Whitepaper available, the support of the dev and team, along with the community is very active as well.
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I am waiting for ETH to dump as well to buy a lot. But, I think with the current support of ETH, it is near to impossible for ETH to reach below $100. Actually, $100 is totally a good buy for ETH. I remember the time when I sold during the ATH of $1300 some time in January 2018 weherein I bought $4 per ETH.
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In my opinion, this is the start of the alts season, comparing to the same scenario as last year. Some altcoins are pumping up, but we should still be careful in trading with altcoins as the volatility is higher than the most popular coins such as BTC and ETH. You could experience a loss of around -40% in just a few hours.
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For the tokens that I earned, I keep some of them and HODL. I only sell when I need funds in real life, I have a day job for me to fulfill my daily expenses though. In crypto investment, it is important to prioritize capital preservation first, and just let your coins grow and take profit when you're satisfied with it.
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You should invest in both Bitcoin and Ethereum. They both have good foundation in crypto currency world. Although, you must buy when everybody's selling and sell when you see that everyone is buying. You should also have your own strategy in winning against the market, like cost averaging method.
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I agree that the new era for cyrptocurrency has begun, but it does not mean that we have to be too confident about it and have a false belief that it will make us all rich. Knowledge on how the market moves and knowing when to buy or sell depending on your strategy and gaining profit through it, along with your patience and threshold on how much you can take, are all needed to win against the tide of the market.
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I am continuing my cost averaging method strategy for me to accumulate as much as I can and take profit on my target date. During dips, I tend to buy more than my average purchases. I believe that crypto currency will steadfastly grown in the next coming years. We are headed towards the digital age wherein the features and convenience that the technology behind crypto currency offers, will be necessary.
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There is no way to eliminate scam entirely. There are people who are opportunistic and make people believe for a guaranteed profit, and there are also those who are gullible enough to believe such false promises thinking that it could bring them fortune overnight. The only thing we can do to prevent being scammed and not be fooled around, is not to believe those who are claiming to make you rich without doing anything. Analyze the project and review the community's feedback.
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In my opinion, $20k price for BTC within this year could be unlikely to happen. There haven't been much popularity gain for BTC during this year unlike last year wherein almost everyone talks about it. A big whale could move the market to an uptrend but most investors are now cautious with their investments. I still believe though that few years from now, when mass adoption hits, the price of coins with real life utilization could fly high.
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Whatever comes down, if it doesn't go down further, there is no other way but to go up. We may be able to witness BTC price to be dipped until $5k if it doesn't hold its support of $6k. Anyway, we should strategize on winning against the market and be prepared whatever happens. A good buy would be to wait for the RSI indicator to go oversold.
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