is this the right moment for pick altcoins with BTC or what do you think will be the lowest price in this summer ? wait more =?
This is good time to start an investment or trading. The price of bitcoin and altcoin has a lower value than last month, and possibly next month will have a slightly higher price. No one knows for sure the cryptocurrency market is going to increase, but judging from the current price is the lowest price I've seen since the last few months. |
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I think the red market is now due to the month of Ramadan, which is approaching the festivities so that so many people convert their crypto into fiat, to meet their needs later, and this is an opportunity to buy
I think you do not need to involve religion here. I do not think that this affects the market. Before that we talked about the new year. There are effects caused every day big day, I saw some time ago when Christmas day price of cryptocurrency decreased. Probably caused by those who need money to sell their owned assets, and the impact if they see a decline happen so most users will sell their assets to save their capital and good time to buy when the price is cheap. And I guess this is not a religious reason, but a downtrend occurs when someone sells and opens another way for someone else to sell as well. |
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Those who have not been able to use bitcoin or people who hate bitcoin now, maybe they are still comfortable with the use of money fiat. Actually bitcoin can be used as an alternative payment or can be used as a place to earn income. Regardless of the negative responses to bitcoin, it is legitimate they do because bitcoin is still new and get popular everybody still regards and sees the negative effects of bitcoin instead of the positive impact that bitcoin will cause.
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I think what whales do is nothing wrong, they are reasonable to do and can manipulate the market because they have huge capital. And everyone deserves to be a whales if he has a huge capital. This is the risk that every cryptocurrency user will face, price control depends on the person who has the big capital, we have agreed to the decentralization system that has the rule as now.
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Personally, I do not sell my coins because of a small drawdown not the market. In the long run we are more than in a good position ..
I think the same way as you do, but a lot of people think that they can make some profit selling when the market drops a little bit, hoping to buy it back when the market drops more. Yes that is right, a person's way to get the benefits they expect is very different. There are those who become hodler and hope one day their asset prices will have a high value, and there are also those who use trading methods to collect their assets for more in the future, or to get a short term profit. a person's way to get the benefits they expect is very different. There are those who become hodgers and hope one day their asset prices will have a high value, and there are also those who use trading methods to collect their assets for more in the future, or to get a short term profit. |
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All you have to understand is that you are free to have the bitcoin of the country you live in prohibiting the use of bitcoins. But the problem is when a country prohibits the use of bitcoin for a means of payment and you violate it and this is called illegal, the government will find you in their own way. One of them with local exchange, the government will find your identity if you have bitcoin and make transactions using local exchange.
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I hope some other countries will have the same view of cryptocurrency. There are already many developed countries that accept cryptocurrency and make it as legal tender. For reasons that they (the government) forbid cryptocurrency are extremely unreasonable, such as the cause of inflation and will make the national currency destroyed. When they do re-research on cryptocurrency, I think it does not matter if cryptocurrency is not valid for the payment system, but for trading and investing they have to acknowledge and provide user-seamless security for trading and investing, in return they can use taxes.
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6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.
1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security
I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.
Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.
Yes I agree with that, earn money in cryptocurrency just like we work. We need effort to get the income we want, but the difference if working in a company the results that we will get is determined by the company, but in cryptocurrency someone can produce whatever he wants depends on the hard work that he did. At least 6 reasons above will be a special satisfaction for someone who wants to start, as we know a lot of negative news about cryptocurrency but with this thread will help restore confidence for newcomers. |
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I commend with what you say and you are reassured about it. Bitcoin is the way for new people coming to cryptocurrency, as the main road I always pass on I'm sure bitcoin will never lose its popularity. It is not easy to exhaust the investor confidence many things have been given by bitcoin, and altcoin will never give the same thing as bitcoin.
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This is market cryptocurrency, we just wait some good news come to change bitcoin price and increase and we just wait some bad news or FUD come to cryptocurrency and make bitcoin price decrease. There will always be advantages for the current market situation, some people have to make an opportunity to buy bitcoin.
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It would be great if someone who came and invested in bitcoin with a stock had a good understanding, so when a crash came he did not go and bring regret that he had to face. No matter how much money you spend on investing in gold I'm sure you will not find losses, but investing in bitcoin just takes 5 minutes you will get a loss.
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Yes this is a good time to investing on ethereum. Will always be a good opportunity to buy ethereum at a cheap price, we've seen the price of ethereum at $ 300 a few months ago and it has been profitable to sell for $ 700, I think it's a good time to start over.
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Hey what do you think, is it risky to buy crypto currencies that are not top 100? I mean do you have a higher chance to lose your money or not?
All altcoins are the same ones that have been in the market. The risks will persist as long as you do not understand what you are investing, at least you should know the potential of the altcoin you choose. You will be lucky to see that project future or market future altcoin, is good and even acceptable to the public, as we know most countries banned cryptocurrency, a good altcoin is that can change the government's view of cryptocurrency. |
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Many puzzles on the altcoin market, indeed if we saw a few days ago when bitcoin prices weakened and this happened to some altcoin but private bitcoin have increased price. I've had a bad thing when investing in altcoin, the case is the same as it is now, the altcoin price is up and I'm interested to buy, so I have decided to buy but happened is I lose. That is because the altcoin falls too deeply so I have to let it happen not dare to sell my altcoin. If you see altcoin is always different, but this is my experience maybe everyone should know that.
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Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
There is no clear reason for a country to argue that bitcoin can cause inflation. And I am also not convinced that the government is of such opinion, because the FUD will always be in cryptocurrency. I have looking for how this problem can be happened, but what I get is that bitcoin does not cause inflation for a country, even more bitcoin can help every country to avoid inflation, every society can use bitcoin as an investment place, as we know how to avoid inflation is by investment. |
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If you believe ETH will give you profit in the future you can put all your money on ETH now. Ignore the people who advise you to diversify your capital, if you are someone who have a good focusing on something it will be better. Ethereum is very potential in the future, I think everyone should have investment on ethereum. We never know a good altcoin like Ethereum, so it will take time to do a research on altcoin who have potential.
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i read here many ppl believe in cryptocurrency.
although it's down now. I myself also believe n that's why i hold many alt(s)
For now, I prefer to buy bitcoin piecemeal rather than collect some altcoin for the future. The market of altcoin is very nefarious, there sis many trap when I have a hope for the price my altcoin will go to the moon. The market of altcoin is very easy to manipulate by someone, compared with the market of bitcoin, most likely just some people who have a big amount of bitcoin and the rest who have bitcoin is like me. |
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