The advent of blockchain technology is not only shaping the online payment being an alternate to fiat but it is also touching and changing people's lives. But despite all that, i don't really think it's that just easy to replace fiat currency by using cryptos. The reason is just simple because you can't use cryptocurrency to buy what you want when you are offline.
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there are lots of cases like you mentioned and so many of these new investors don't know how to become good ICO participants and the ICO who really can have requests and projects developed is very useful it has become very little because sometimes when ico finishes a lot once that is just nonsense and not in accordance with the plans in the whitepaper.
Let's not forget that what's on the whitepaper are just plans and the real thing is that these words written on the whitepaper will be tested when the tokens hit the market. Reality is, some of these ICOs won't even make it to to hit in the market.
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How many cryptos should Ihave in my portfolio? Are there one recommended diversification ( like having 3 or 4 coins) ?
First, you gotta make a decision to invest in very promising and tested cryptos no matter how much it costs you. For instance, you can choose Bitcoin being the most dominant and the base currency of cryptos. Add more Ethereum, Ripple, and EOS too for these cryptos can follow bitcoin's path.
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How about opening a business and integrate blockchain on it while you invest in cryptoccurencies too? If you have the money to start them both, you will surely have a very good profit especially if your business will click and your crypto investments will rise drastically.
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If i have to make an educated guess, i think China will win in the blockchain competition considering how serious China is into business field. Seems that business is already in their DNA and that's may be the reason why they always succeed in this field.
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While the market is bleeding, there is always money behind it. If you are smart enough, you will not waste your time buying some more and hold it until it has recovered no matter how long it takes.
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Indeed, cryptourrencies are already in the spotlight as far as technological innovation that help shape one's economy is concerned. I believe only a quarter of the total population of the world doesn't know yet about cryptocurrencies.
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The last time i experienced a very good economic hike was last December until last January this year. It was when bitcoin hits its all time high and altcoins are surging high too which equates a very good economic growth.
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I don't really think that bitcoin can reduce the value of native currencies. Afterall, it's the native currencies that people are still using as their medium to buy products that they want in everyday living. Bitcoin is just an alternative to fiat and other people are making bitcoin as source of income to earn fiat.
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Bitcoin has gone through many situations like this before. It's been in a hole that no one thinks it can recover and thought bitcoin is already dead. That's not already new and if you look at the histogram, you see how many times bitcoin fall but managed to rise back again and again.
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Korea is one of the leading countries in Asia in cryptocurrencies now and news about regulations and even banning cryptomarket was on hot seat lately. Glad to know that their decision is in favor of cryptos which i believe is a good decision that can benefit their nation.
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In my own opinion, it's good to buy bitcoin now because for almost a year now, bitcoin is still down which i believe is preparing for another launch to the moon just like what happened last year. So while its market price is still down, take the very opportunity investing on it now.
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Bitcoin only looks scary for those entities who have been threaten by bitcoin's powers and capabilities that they think they don't have. It's just like what happened to postal services when email has introduced and eventually became the mainstream of sending letters at a very fast and convenient way.
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I don't think fiat will ever die as opposed to what other people are talking about. Cryptocurrencies are just an alternative for fiat as payment for online services and goodies and other stuffs. But it's a good case if we have a hybrid currencies where cryptos and fiat are at work all together.
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With regards to questioning, it's just part of the business' journey towards taking its first step at the ladder of success. Without questioning, the business will not grow and will not become more tough against possible problems that may occur when it's already taking its steps on the ladder of success.
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Bitcoin has touched down 5,000$ but only until that lowest mark. It was bitcoin's lowest mark this year and it went up to 6,000$ now and we are already in the final quarter of this year. I don't think that bitcoin can go lower than 5,000$ by now.
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The OP's topic may be what others thinking about bitcoin and that's okay because we both have different perspective regarding bitcoin and the rest of alternate cryptos. I stand on the other side as i continuously holding my bitcoin and other cryptos because i believe, bitcoin will still exists for so many years.
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If this is really true, then maybe i am really right with my intuation that something smells fishy about KYC stuff. I've been very reluctant to participate in ICO and bounty campaigns that requires KYC despite the reason that KYC can prevent money laundering.
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I don't think it is a good move by amazon as they might already see other who are embracing the blockchain technology into their business. For me, there's nothing wrong with that move but it's a move that make amazon not to left behind against its competitors.
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As far as i have read about articles online that prove blockchain technology to be helpful in boosting ones economic status of a country and operations of companies that embrace the said technology. With that, i can conclude too that blockchain technology is really important technology in this era.
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