I imagined how most bounty participants and trader who are below the senior rank most especially those who do not know how to choose good/high rewarding projects if they would would have even made up to $1k in the past 1 year. How would they feel if they have nothing meaningful to withdraw at this pandemic period and just looking at their wallet helplessly. How much have you been able to cash out in the past one year.
I am lucky because i joined a bounty campaign last year and just get payment this year exactly now that we suffered from covid19 pandemic. It is really a great help for me and for my family in this very hard situation. But i know that not every year i can earn bigger amount from bounty becausr i only have a member account. But i was so thankful to God because of my small account. |
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For me airdrop is just a total waste of time and the value of coins is worthless for it' s too small amount even you get ten different airdrops. If you are happy to get cent from this then no problem if you want to continue joining airdrops. Then another thing that i don't like airdrop because they are asking for your information or KYS in exchange of a little amount. Not worth for KYC.
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People mostly look at bitcoin as easy money ,so, they invest as much as they can. Others sold their properties,making loans from the banks just to have a huge profit if ever the bitcoin price increase but the problem is ,when the price drop down they lose their hope and intead of patience to wait that the price go back to increase,they sell what they invest in a lowest price which result to loss. Patience is the essential ingredience of investing.
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The maximum amount that will ever be mined is 21 million bitcoin yes, but It's impossible for that amount to be in circulation even when everything is mined because people are losing their bitcoins all the time and they are lost forever.
Bitcoin is unlikely to become a leading currency simply because the banking system won't let it happen. Its unstoppable but won't be the main currency for sure. As for paying using smalls amounts, that's not really where bitcoin strength shows but hopefully with Lightning Network, that would be possible.
21M of bitcoin is enough to circulate even some people lost their bitcoins forever intead it will make the value of bitcoin high as the time goes by. But you are right,bitcoin is impossible to become a leading currency because we have a fiat money issued by the government and back up by the banks. Well,even it won't happen,bitcoin still contribute a big impact and help to our economy. |
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Virus start from Wuhan China and we see that China is now recovering and not affected too much with this pandemic. Maybe they know the cure for this but they just hide it from other country because it is included to their plan to conquer the world but I believed China will not succeed their evil plan to rule as economy king after this crisis. US will remain the king because we know that US is at top even in terms of economic and even they are most affected with the virus they are still a rich country.
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I was wondering what's minimum / ideal amount of BTC or ETH I should have in order to start trading activity
If you have any idea or just want to share your first experience in crypto trading, feel free to write them bolow
There is no minimum amount to start trading as long as you use your capital which is you can afford to lose. When i start trading ,i buy those coins with lower value then hold it until the value increase which i'll be able to have profit. Much better if you start in a small capital investment first like $10. |
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I am not a newbie in cryptocurrency industry.But that doesn't mean i am a big trader.I am a small trader and in this topic i will tell about my mistakes i normally do.So small traders can survive and avoid those mistakes.
1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.
2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.
3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.
So i want to tell all that you have to understand chart,their graphs and you have to read projects whitepaper and all.
Thats it for now.All of you can share your trading mistakes and we all can learn from it.
I also experienced like what you have shared when i was new in crypto trading. But now i learned a lot specially in understanding the graphs and charts in trading. It is not easy but you will learn if you are interested to learn. Trading is one of the best way now that we are in covid19 pandemic to earn profit,but always be careful to avoid loses. Also learn from your own experienced and mistakes. |
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Hello
im new in Trading and just working with binance for exchange BTC to other crypto,
check signal on my way and sell them but i know this is a dummy way,
ALSO about how Trading I have read many articles that have been mostly in vain and have explained general information such as history, charts that are not useful.
im looking for useful info that i can use (like in binance)
any idea to prevent losing my time in between dummy article?
Learn trading slowly because you will not become a trading master automatically. And also ,do trading with your own strategy and continue learning. Also ,always remember in doing trade don't panic if the price go down ,instead be patient and be a risk taker person to avoid loses. Crypto market is volatile and the flactuate of the market is a normal scenario. |
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People run away from trading because they are afraid to lose or they don't have money to invest. Trading is not an easy money. It needs knowledge and technique in order to avoid losses. Also patience is very important character of a trader.
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A trader with purpose and objectives won't leave crypto trading no matter what happen to the market. You should know that become a trader should have patience and a risk taker person. Crypto is volatile and you can't hold the ups and down of price,the only you can do is play with it. But you can only do this if you really understand what is really a trader. Specially this time,altcoins market has a good movement.
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Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!
Let's discuss at the point!
Getting rich in bitcoin is just a matter of luck. Maybe if you buy bitcoin from the beginning when it was created or from 2009 then sold during the all time high at the end of 2018 then maybe you already riched man now. But if you say getting rich in just a seconds ,it's very impossible specially now. |
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For me,bitcoin have value because people patronized it. They understand the usage and importance of this coin and because of that the demand keep on increasing that bring it to become valuable digital currency. Another reason also ,bitcoin has only a limited circulation of supply over demand. And because of being volatile of bitcoin people know that through this they can earn money.
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Fees are still high. I don’t think bitcoin is only for early miners who have a lot of bitcoins, and for rich people’s who have a lot of money they both can pay as High fees he wants. We have to focus on whole users wich don’t have *million of bitcoins and can’t handle such a high fees.
Is there anything we can do to change bitcoins fee or reduce it? I think nothing. The alternative if you want a lower fees use altcoins because altcoins has a lower fees than bitcoin. If you struggled because of bitcoins higher fee then forget btc and focus to altcoins. |
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Not just think but read their whitepaper and study if the project is good although sometimes even you study their project at the end it is still failed. I experienced joining campaigns of ten different projects but only one become successful and paid bounty hunters. Joining a campaign is just a luck.
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How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.
It will only possible if the government allows it. People can't decide to make bitcoin as a real currency because it was not issued by the government. We have the law to follow in terms of global currency. But hoping that someday bitcoin will become more useful in terms of payments like our real currency. Anyway in our country we can used bitcoin to pays our bills using an online apps. |
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Pandemic caused millions of people to lose thier job. And those unemployed persons need to seek and find another new job to continue earning for their family. This post can help to those with ability and knowledge with the specified job. Also ,now that we still in pandemic problem ,crypto works is really a great help.
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I used to have 14 ethereum but I got caught in the web of FOMO and I lost over 10 ethereum because the project I invested the ethereum on have dropped marginally, is this the end of the road for me? Or I still have hope? How can I recover?
What kind of coin that you have bought it with your ethereum? i guess you have trapped at the bullish trend. It looks like you have been buying at the peak price and then it gets dumped instantly by the whale. You should tell me us what coin. The name of the coin is switch ( ESH ), a friend told me how good the project is and I invested all my ethereum thinking the price will increase more but later it dumped I think you still have a chance to get back your 10eth. Only if you didn't sell it at a dump price. Investing is not as easy as what you think. Don't just listen and believe to your friend or to anybody,instead do more research about the project you want to invest on. 10eth is a big amount already. Don't panic to sell if you see market dump because it will rise again. Think positive,always remember cryptomarket is volatile,it can go up or down anytime. |
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Does anyone have a suggestion for a good trading platform? I am looking for something that offers useful tools and indicators but is not expensive. Currently, I am using a bunch of different sites, because I don't get everything on just one. Any info would be appreciated.
Binance is a better trading platforms but i also used Okex because for me it is one of the best trading exchange with low trading and widrawal fee. Also fast in deposit and withdral transaction. So far i didn't encounter any problems or delayed in terms of deposit and withdrawal also easy trading feature. I recommend it to you but of course you need to check it and do research by your own. Don't just rely on other suggestion. |
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Whatever shape it is,the important is the economy will recover from this pandemic caused but the until now the situation is very difficult to predict a rapid recovery. All are affected even in cryptomarket. Many sold their tokens just to survive but i believed that it will not bring down the cryptomarket. Sooner or later the market will go back to normal in any way if their will be a covid medicine. For now let us track the movement of crypto.
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Is high rewards like 350,000$ for bounty hunters still possible this days? I know it's all down to the success of the project but is this still achievable? How many successful projects with such reward paid hunters since 2018 that you know?
Yes,it is still possible to earn such big amount from bounty campaign. There are project who give rewards to all bounties and their project become successful that give a high profit to all bounty participant. But it depends on the kind of campaign you joined in. Not all campaign can give you a lot. |
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