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It's very difficult for crypto to gain the full intrinsic value because crypto needs a lot more effort to become among everyone. Similarly the fluctuations in its price are the actual problems as the price of different products changes on daily basis so in order to do that a lot more had to be done. Some standards had to be made in order to fix a price while the ratio of profit should also be fixed
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Poor people invest in cryptocurrency in order to get profit and instant profit which is not possible always. First of they need to learn the actual strategy to earn money in right way. They need to know that the profit they make must be used effectively. Half of it must be taken for use while half must be invested in it for further use. In this way they would be able to earn more from it.
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Transforming your skills into profit is the actual skill. Many people are having a lot of skills but they are not having any direction or a platform to utilize their skill to gain profit while some are those having little skills but they know how to get benefits from it so they utilize it to earn more money.
So try to utilize the skills in the correct way to earn a lot
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Taking loan and then to invest in cryptocurrency is not a good idea because if you are not a good trader and facing great losses then you may be in a great trouble.
You might be having no idea how to return the amount of loan you brought.
Invest what you have of your own. Don't risk with anyone's assets.
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Being safe is not actually to be in a condition where you are only gaining profit . It's actually to modify each and every condition according to your desire. Smart ones are those who take advantage of each and every condition and not to wait for the right time to come.
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Bitcoin is becoming popular among the people who are interested in online money making or those who are aware of the crypto currency.
Those who don't even know the basics of computer have no idea about bitcoin. This coin needs a lot of time and effort for being popular among everyone in this world
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It's easy to laugh during bitcoin when you have invested nothing in it.
Laughing when you have invested a lot and now the price is going down is really very difficult. It needs a strong emotional stability because most of the people panic when they face such situation.
They usually go through emotional trauma and eventually they face a serious depression.
Those with no control over their emotions should not enter into bitcoin trading.
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Well buying is actually based on the availability of assets.
If assets are not available then wether the price is low or high it doesn't matter but still if we are talking about graphs then the most appropriate time to buy is when everyone is selling. Means when due to some dump or corrections in bitcoin price people panic and start selling so you should buy because it's the time when BTC will start rising up.
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Sharing the idea of bitcoin with someone who is totally unaware of the whole crypto world is really a mess. They don't even understand what are you talking about and even they don't even believe on it rather they take it as a story or something from the other world.
Once I told it to my friend who was a zoologist he thought that I was trying to fool him and we ended with the decision that not to discuss it again.
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It is a matter of one's preference.
Some people want to get profit instantly on daily basis and they actually know how to trade so they spend more time on trading and earning profit side by side.
While some people who value their time and don't even know much about trading so they invest in different coins and try to hold it for a long time period. These are the ones who face loss in rare cases. Most of the times they are in profit.
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Bitcoin is actually a currency that is governed by the it's buyers and sellers. No government can take control over it until they invest some of their assets in it. Secondly whales are the one who govern its price.
But not as much so it provides us with the opportunity of decentralisation.
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Well bitcoin has raised it's price a lot in the previous ten years.
But being a billionaire by holding bitcoin is not too easy. You have to wait a lot to become a billionaire and this patience is not in most of the people.
Many people who have bought bitcoin ten years before must not be believing that it would be raised to such a high price and secondly when it undergoes dump they would sell it to avoid any loss.
So there will be only few who have hold this coin and now enjoying it's benefits
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BTC is affecting the gold popularity among people.
Before the introduction of bitcoin people used to buy gold and then save it for further use. They save it and wait for the increase of its price and the sale it on a big profit. But the difficulty was faced by them when they need to find someone to buy the gold when it's on a high price. No one wants to buy gold when it's on a high price. So they faced difficulty during its selling.
Secondly there were chances of robbery.
In case of bitcoin these problems are solved as there are exchanges available for selling bitcoin even at high price and no one can steal it until hackers get access to your account.
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Surely as the crypto currency is becoming famous in the coming world so it is expected that the banks will die soon and the banking system would be leading to a great failure
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Yes they are because crypto currency is not even in the control of banks. They are a great system and maintaining a check and balance of assets of people their income and their other activities with the help of their bank account details as they could provide it to the local government in any case .
But with crypto currency no one is having information about the assets a person is having. So Banking system may be failed in the case.
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Exchange provide us with the facility that we can place our money there and without any barrier we could withdraw it any time. It also helps us to buy different currencies with our assets . But the most dangerous thing is that the hackers are now trying to hack account having more assets so they are having Access to all the exchanges as they connected through internet.
In the case hardware wallet would be better because it is not accessible to hackers and you can carry it in your wallet anywhere and can use it anytime by connecting it with your own device. But the difficulty we are facing with it is that these wallets are actually electronic devices and any damage to them can result in a great loss.
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When we are talking about bitcoin then we must always keep it in mind that it's price, it's prediction related to price, it's dumps are always unpredictable. No one can say anything about it.
If one is having in mind to double it's assets in a single night then it's not possible even thinking so is really unrealistic because nothing happens overnight. It needs struggle of nights to do it .
So invest in cryptocurrency an amount which you can handle to lose if you are planning to invest all of your money in it then after loss you will be having nothing and even you would not be able to bear it.
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Fear is always associated with human nature but the main aim is to manage the fear and to find ways to get control over it. Rather than being panic we must get through difficult times by using different strategies. People usually panic when they see a great loss or when they have not bought something at the right time well in such situation they usually face great losses.
In such situation the first thing is to be calm and then to decide what to do and how to do in the mean time. Wether it's the time to wait or to make a quick decision, it depends upon your own mind.
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Bitcoin was created originally to launch a currency on which no government could take control. It would be a decentralized currency and people would be able to get benefits through it in a number of ways.
But now as people are more attracted towards it so it is replacing the traditional currencies.
But as some people are still unaware of it's use so they are not able to get access to this currency and they are still using fiat or the traditional ones.
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