This is one of many grammatical blunders that even those with English as their first language can make. I do not see it often, maybe cause I read past the error and my brain corrects it unconsciously. Your post and the added infographics would be very valuable to anyone who makes that mistake.
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This post seems to be a sequel from previous ones which I did not follow. But I do not see a discrimination towards other currencies. Everyone can acquire whichever cryptocurrency they desire, if majority goes for bitcoin, that's their choice and not discrimination. I don't know anything of 'few humans controlling the cryptocurrency index', the opinion should provide more factual evidence to buttress his/her points.
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New investors are getting smarter I believed, and won't simply willing to take the risk on getting in today even if the price is still at a discount.
Mostly new investors loves to FOMO, so there's no way for them purchase at this long bearish market
The smart thing to do would be to buy at a cheap price when everyone else is undecided, rather than joining rhe bandwagon and buying with the FOMO, at which point you would be selling to the smart investors who purchased at lower prices, leaving you with an overpriced asset.
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remarked that Friday’s jaw-dropping rally presents a positive technical case for the flagship cryptocurrency.
I would not refer to that price activity as a 'jaw dropping' rally, nor do I rate speculations of analysts or experts. Acclaimed experts are often paid to shill a product or do it for their personal benefits. The fact is no one can predict the next prices ans experts have been very often wrong in their speculations. Always do your own research.
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BUY AND HODL. This is the best strategy to adopt, especially when the entire market is down, enthusiastis now and in a good position to buy bitcoin at a very reduced price. Gamble with as much as you can afford to lose. Set your target profit, do not listen to media speculations or FUD, secure your assets, and make it accessible to your next of kin should anything happen to you.
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Over the past months, bitcoin has had similar increase in price aftee prolonged stagnancy, but some of those times it fell below its previous support level. Understanding the chart fir newbies is almost impossible. Concentrate on the fundamentals of Bitcoin and how high it can go. Do not follow the bait anytime the price rises.
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On the other hand, you might check out about Copper Member if you want to wear signature & post some pics directly without going through the hassle of getting merits.
Just one merit is required today unock those priviledges, it should not be a difficuly undertaking. I am also curious as to why the OP specifically wants to wear an avatar, as it's an old user, who has possibly gained from bitcoins back in the day. Wanting to rank up should of course be everyone's goal.
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now even good altcoins looks like a shitty coin because BTC can anytime strike them down if it has a significant movement.
No one should rate a currency based in its marker cap or percentage it shares in the general pool, ans bitcoin does not drag down all altcoins with it. Market capitalization are just figures that can be easily blown up by few trades for new currencies.
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Bitcoin ETF could be a catalyst for a bull run,.but it would not bring about long term price stability and consolidation should it eventually be approved. Many investors are unaware of the contents of the various ETF proposals or the reason for the rejections, and it would only be attracting investors who are already in the crypto space, not new investors.
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Possibly it's cause a large percentage of forum members are preoccupied with personal agendas on the forum, and would need to be incentivised to join in on a community project, especially if it's highly demanding. There could be other reasons as well, cause a lot of highly knowledgeable members are not engaged on activities on the forum.
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Individuals have different interpretations of the market, and media outlets take the perspective which is more likely to bring in more audience snd attract clicks. As a trader or investor, take every news in opinions and speculations with a grain of salt, and draw out your own conclusions.
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This is a very positive outlook on the market. It depends on the potential value an investor sees in bitcoin and speculative timeframe. A number if investors are surely already filling up their bags at the current prices, and some are cutting their loses and selling.
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Rhe state accepting cryptocurrency as a currency is positive news and would endear its residents to own and use cryptocurrency. But people do not need bitcoin to be declared official inorder to use it for purchases so far it's not illegal within that state.
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I stay away from currencies woth very low market capitalization, except they just concluded their ICO and have not had time to grow their volume and put efficient marketing in place. Higher cap denotes more stability, and is fair to all investors regardless of the amount put in.
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Regulation appears to be the way to go for nations like these who recognize the potential in cryptocurrency as well as the threats it poses to their native fiat currency. Some choose rather to outrightly ban it and make it illegal in their country.
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I remember those good old days when you can gain merit from this forum by making 30 posts as a newbie.
You could not before gain merits by making your 30 posts on the forum, but you would be promoted to Jr member rank without having gained one merit as soon as your activity grows to match your post count. The system was changed and now you need to earn at least one merit. There are already many guides in how to get merits on the specific boards.
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blockchain
The blockchain is not a wallet, but it's (roughly) the connection between the entire ecosystem and the means of transferring cryptocurrency from one wallet to another. Wallets are of different types and are designed to store coins and tokens with certain algorithms. A wallet designed for a specific platform ERC-20 for example can not hold bitcoin.
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I tough we are free to do whatever we want without violating rules.
There are a number of actions you can make that do not violate forum rules but is unethical and frowned upon by the community. This could get you tagged at worse or put on the ignore list of other members and limit your chances of ranking up. It is very possible to give out merits without making a spectacle of it, while rewarding quality posters.
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The market now needs natural and sustainable growth not be subject to price manipulations and power tussles at the top level. Price pumps from airdrops usually results in similar crashes after the fork is completed, if it was the sole cause of the changes in the price
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There is always space in any market for new entrants, its possible to break into the market, but you have to have a well laid down plan and a means to achieving that. Starting an exchange would require funds, quailty website devs and marketing managers.
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