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Yes...it is good idea for old members of crypto world, but not for middle rangers. Of cause these tasks in the crypto world are very time consuming things. Everyone should take a break, at least for few weeks. Otherwise it is not good only for family, but also it will effect your trading also.
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Please note that, this decision is really depends on your selection of altcoin. if you can find a better altcoin or ICO by doing more studies, it will be really benefit for you rather holding ETH. If that selected coin is a scam or just shit coin, your gone.....so please do homework and own research about coin projects and invest carefully...
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What about, 01. Bittrex 02. Cryptopia 03. CEX.io 04. bitnifex exchanges after the Segwit2x happened? What is the effect on crypto currencies in those exchange. Is it required to move the coins to any other exchange or wallet?
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There are no any best ways or worst ways for investing money in cryptocurrencies. Only thing is you need to study and analyse before you investing in crypto. There are good ICOs as well as scam ICOs in the market. If it is a good ICO, it is a better method to invest. However still we can not say that is the best method.
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You should clearly understand this in crypto currency world. There is no late or early for this field. Always you should follow correct methodologies for buying some coin, holding coins and trading coins. According to your knowledge and experience you can earn money any time. Only requirement for this is more concentration, dedication and be patient.
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In simply, both are giving you coins without any cost.
Airdrop - Simple, you don't have to do much on this. Just only registration for the airdrop by filling some kind of form with your information. But they are giving much less amount of coins.
Bounty - There are few categories of bounty
1. Signature
2. Social media (Twitter, Facebook, Telegram, Media...etc.)
3. Translation bounty
4. etc....
in here they are giving much big amount of coins, however you need to do some tasks and they are bit time consuming.
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After the SegWit2x following things are supposed to happens;
01. Total issue of coin will be 21 million
02. Block extraction time will be 2.5 minutes
03. Block size will be increased to 4MB
04. Complexity will be recalculated after each block
Considering above factors, after this hard fork, what will happen to the price of a bitcoin?
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The main reasons for increasing the value of a bitcoin are limited supply and high demand. When increasing the number of investors (with the increasing of reliability for bitcoin) and increasing the amount of investment of existing investors, there is a huge pump of money to the crypto market. Then value of a bitcoin going up.
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There are multiple methods for storing cryptocurrencies securely.
01. Trusted hardware wallet (Cold storage)
02. Printed (Paper wallet)
03. Web wallet – using two-factor authentication
However there are multiple advantages and disadvantages in each type of wallet. You should select a wallet based on your convenient.
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Bitcoin or criptocurrency is not just an asset rather it is kind of an investment asset which value depends on various other factors like crypto market forces (demand and supply for a coin), views and predictions of analysts and actions of big whales etc.
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There are main three category of investors in bitcoin market.
01. Long holders
02. Day today traders
03. 50% long hold and 50% Trading
Most of the time all three categories are withdrawing their investment money out of crypto market to reduce their risk on their money.
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Difficulty should increase with the time for maintaining security and trustworthiness of bitcoin architecture. Otherwise with the development of high performance computers/ servers, someone could lie to the blockchain network and may create un-legitimate transactions and blocks. For preventing this difficulty should increase to maintain block creating time to 10 min.
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Even though there is no any direct relationship between bitcoin and other altcoins, sometime there may be impact on altcoins from the bitcoin behavior. However you should understand still bitcoin is the market leader and it has very heavy market capitalization. Most of the investors follow the bitcoin behavior to deal with other altcoins.
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As you don't have any technical knowledge, you should simply learn the followings
1. What is cryptocurrency (mainly bitcoin) - in high level
2. Get knowledge about how to work with exchanges
3. How to use wallets
4. How to buy crypto
5. How to do trading
6. How to do Airdrops
7. Doing Bounties
8. Finally at least you can buy and hold bitcoins for future.
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According to my understanding, it is always required to have miners involvement to confirm the transaction in blockchain technology. Only after some mathematical functions run by the miners, will create a block with the confirmation of transactions in that block. With the nature of the blockchain, there should be someone to confirm the transactions. That is miners do.
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This may also happens, however when we considering all currencies, bitcoin is the most stable and trustable currency. All other currencies are like sub coins of bitcoins. In other hand we need to consider that, 21,000,000 of bitcoin will come to market in future. After that happened rewarding fee to miners will stop. Then miners are depend only on transaction fees. Then transaction fees will increased. So after considering all this, we can't predict the future.
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Since most of the development resources of crypto currencies are open to the world, you can find most of required resources and knowledge from the currently available coins. Most of the Altcoins were follow the same method to develop the coins. After getting core from another coin, they modify as their requirement. Of-course you certainly should know one of computer language to do so.
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