A lot of teenagers and youths right now are well-informed and is educated enough to be taught about cryptocurrencies abd the cryptocurrency investing industry. As a matter of fact a lot of Investors in this industry are teenagers. I don't thimk they should be taught the basics, instead they should be taught of all the needed and complex functions of a cryptocurrency.
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It's okay yo invest on altcoins right now since the price is at a very low rate, meaning you could buy cryptocurrencies at a lower cost than usual. However, if you want to wait for a price increase to allccryptocurrencies it's just fine. We understabd that you are ensuring yourself off the drops and losses on your investments. Just wait a couple months and you'll see tgat the market will recover.
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Yes it is. The current situation might seem grim, and unhospitable to invest on, but don't be blinded. The optimal time to invest on cryptocurrencies is when it was dropping in value wherein the price was low and you can afford to biy tokens. After a few months when the market climbs back to normal and cryptocurrencies start to recover from its losses you would definitely gain profit.
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There arw a lot of reasons as to why some people are not able to or is really discouraged to invest in bitcoin. These reasons may be financial, meaning they couldn't afford to invest in the first place. Otger reasons may be because of the fears and doubts the person has over bitcoin and cryptocurrency as a whole. And lastly, they might have been discouraged by relatives or close friends to invest.
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There are a lot of factors I look for when I invest on a new altcoin. These factors I myself have found out to be good for determining what is a good altcoin to what's not. Therefore helping me fron getting vitimized by scams or facing losses. The factors I have stated were the supply, the vision of the project, how near it is to bitcoin,and how good is their team.
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We cannot feasibly say we could stop bogus ICOs from scamming unsuspecting investors. What we could do is be careful in investing to not be victimized by these shams of a company. The best way is by conducting researches and earn knowledge for yourself on how to track this fake ICOs so you could cross them out on your checklist.
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Altcoins are very good for trading based on my knowledge because of how diverse the alternative cryptocurrency industry is. There are a lot of altcoins thst you could use for trading ither than tge conventional Ethereum, Ripple, and others. Moreover, it is healthy for the altcoin industry since you are exhibiting pump and dump between altcoins therefore ensuring their survival in the market.
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I believe that because it is far more superior than any other existing Alternative cryptocurrencies as of now, the price is much more higher than others. Also if we put into account the amount of mined and collected bitcoins than the other altcoins we can clearly understand why it is much more higher in price than others.
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It's not wise or even more so, strategical to ban the use of paper money to make way for digital or virtual currencies. At the very least notnnow. Even though we are at the moment using electronic currencies to transact, we cannot hide the fact that we still are needing paper money. Give people some time, don't rush things. We will come to it eventually so let's just stay prepared.
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More than nationality causes, the reason as to why bitcoin is so popular and widely-liked in Japan is because of the country's technologically advanced nature. A lot of Japanese out there are computer literate. And bitcoin being an innovative way to investing and holding a promising future to revolutionize currency, became big in Japan
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A bitcoin subject in college sounds like a good idea to draw in more potential investors especially in the youth bracket where individuals are computer literate. However it would be hard to find on what course or program shpuld bitcoin educating subject be placed since it bfits on both tge economics amd the Information Technology courses. But nonetheless educating program or subject is a good start towards global bitcoin acceptance.
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Bitcoin is still young in this market, give it a few years to mature and bitciin would be as stable as gold. As a matter of fact gold on its first years during its existence in the market is as volatile in value as bitcoin is now today. Moreover, we are reaching gold's users base as of now. So give bitcoin more time and it will be as big as gold.
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I would be more than happy if this were to happen again. And I am very awarenthat it would indeed happen again. Although there is no definite trend that could be seen from thid month, the holiday months aee always very advantageous for bitcoin which is evident in the past few years' all-time-highs that are always happening during year ends or holdiay months. So just believe and support bitcoin and bitcoin use.
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It is not owned by any higher entity so it is not private. After all, why would people call bitcoin a decentralized currency in the first place if it is all coins came from a single person and is manipulated by the said person? Bitcoin is made public because it is originally meant to be the official currency of the future.
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Yes. And if you ask why, I'll tell you the same reason why people buy gold. Bitcoin's price won't forever be so volatile like it is today. The value would stabilize eventually once the market matures and we got a stable amount of supporters and active users. And even when bitcoin's value stabilizes I would still invest on it. Not only will it make it a bit more attractive to people, bitcoin's value stabilizing means that it can now be considered a currency.
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If you are bothered by news and hearsays saying bitcoin is not as secured as well all might think, I am happy to tell you that they are wrong. Bitcoin's security system along with its anonymity for users adds a very secure layer that is virtually impenetrably by internet thieves abd hackers. However, bitcoin is still susceptible to physical theft so you have to be very careful not to lose your seed and pass word.
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Maybe I'll just understand and try to give him knowledge prior to bitcoin like the way the bitcoin's value go up and what are the factors that made its value crash, if this doesn't work I'll just respect his/her opinion maybe he lost a lot of profit into bitcoin once, it is understandable. Let them and just continue your job and investments in bitcoin.
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It's risky and not advisable to those who can't wait because bitcoin's value gets higher over time and all you have to do is to wait for its value to go up and if you can't wait and you will just sell it if the price drops not knowing that it will go higher then it is indeed risky and a loss for you.
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I knew bitcoin from a newspaper I thought it was not gonna reach what it reached right now and now It was a total regret for me not investing to bitcoin before, the price is already high when I invested but no worries for me because I know bitcoin's value will go higher as the years pass by
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I understand that you wanted to actively engage in the bitcoin world, however, going to the point of even selling your house to buy bitcoins is rather a dumb idea, because although bitcoin value is high right now, we are never sure if it would drop one day, even now that the price of bitcoin is experiencing a decline. It is not wise to sell your house to buy bitcoins.
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