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Every decision I’ve made in crypto, good and bad has led me to my current investment, which I strongly believe in. So yeah, I don’t have any regrets. I started late so I didn’t lose huge amounts of money like some people, which is why I can still be optimistic.
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I’ve been holding and buying on the way down. The second part of my strategy is a lot more important. You might wonder, where does the money come from? How did people get rich off crypto? Because the majority bought when it was green. That’s what happened. Everyone rushed in when Bitcoin was nice and expensive and they got dumped on.
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That’s an incredibly easy question to answer. For me, at least. Give me 1 billion dollars.
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I don't even get paid a bounty to promote CSTL. That should tell you how much I believe in the project. I see a lot of people promoting all kinds of projects but do they even hold any of the coin? My guess is they just advertise to get paid.
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a pair of good walking shoes and a jacket lol its getting cold Enjoy the merit I sent you for this great post, lol. This is good advice for most people in this market. You're better off buying clothes than losing all your money in a scam ICO.
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I think people should buy now but if you're worried then you should dollar cost average. Let's assume you have $500 to invest. If you want to dollar cost average, you would buy $50 or maybe $100 of the coin every week/two weeks/month, whatever it is you decide. I don't do it because I don't like playing it safe.
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It's absolutely worth thinking about. Maybe Proof of Stake is the future if Proof of Work is literally killing the planet.
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The market is 100 times more likely to recover next year than it is this year. We only have December left and it's the holiday season. People will be spending money on themselves and their families, not crypto. The start of the new year is when people are willing to try new things. Investing in crypto might be one of those things. So, YES, the best time to buy would be now, not next year when the market recovers and everything is more expensive.
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It could be the beginning of a super-human race that will replace homo-sapiens Why is that a bad thing? If my son is twice as smart and twice as strong as me, that'll be a very good thing. What people need to realise is that if genetic engineering is illegal then that just means it'll only be accessible by the rich. The rich will be even more powerful than before.
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I don't use social media because I don't really see the point. If you want to talk to your friend, you can call them or text them. Even better, meet up with your friends in person and talk to each other face to face while you hang out. Where does social media come into any of that? I dunno. I don't care what everyone else does. I guess that's why I don't use social media.
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There's only three ways the market can go: Up, down or sideways. If it goes up, hodlers are happy. If it goes down, new investors will be happy and people who still believe strongly in crypto will be happy because they get to add to their stacks. If it goes sideways, we'll probably see more cryptocurrencies being accepted as payment because volatility is the main reason that isn't happening.
See how basically every scenario is a win? That's why I'm optimistic for 2019. If you don't believe in crypto anymore then just sell. You'll probably be kicking yourself in future, though.
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ETH is probably tanking due to all the ICO scams being ERC20 tokens. The scammers dump the ETH they were sent. In return, investors are given worthless tokens. The worst part is, those same investors are probably buying more ETH because it's so cheap. They're basically buying back their own ETH. People need to stop buying into projects that have developed nothing.
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ICOs are the biggest gamble possible when it comes to crypto. You're basically paying for an idea. If I didn't care about my money, maybe I'd invest into an ICO.
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I want to know how you relate the risks to profits? What is the determining factor for you to sell or buy coins? How many of you are trading short-term?
If I believe in a coin/project, I hold as long as I need to. If I no longer believe in a project, I'll sell. However, I'll never sell at a loss unless it's to reinvest into a better project. How do I determine if a project is good? See if the team is actually working. Is there a wallet, are they updating the wallet, what are they working on, are they meeting deadlines, etc. So many crypto projects release nothing and people buy their coin anyway.
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I think you should invest. The market will recover in 2019, in my opinion. As for what crypto you should invest in, that's for you to figure out. Everyone will tell you to buy something different but ultimately, you'll have to decide for yourself.
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My honest opinion is that only 1% of altcoins will survive and prosper. The rest will just crash and burn and be forgotten. Ethereum is technically an altcoin and it's already popular. The more legitimate a project is, the faster it'll be discovered.
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It's funny because I found out about my current investment via Twitter and I don't even use Twitter all that much. I check it maybe once a day. So obviously, Twitter is a good platform to get the word out about your coin. Forums, like this, are really good as well. Basically, anywhere on the internet is a good place to spread the news. Where do we use crypto? On the internet. So, the people most willing to buy are all here.
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The problem with Bitcoin and crypto in general is that it's very volatile. The price keeps changing. Imagine accepting $5000 worth of Bitcoin for a TV or something and the next day Bitcoin is worth $2500. You've lost half your money in one day and all you did was accept BTC as payment.
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I don't celebrate my birthday because I don't have any money. I'll just order takeout and eat it by myself at home or something. Maybe one day I'll be able to celebrate with my friends at a restaurant.
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BTC = gateway coin that you can trade for altcoins XRP = i dont know why anyone would want this ETH = the huge number of altcoins being ERC20 tokens should tell you that Ethereum is the best technology-wise but that doesn't mean it'll reach the highest price. there's no limit to eth tokens and the price will only go down as supply goes up.
ETH > BTC > XRP
However, BTC will _always_ cost more than ETH because BTC has a max supply.
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