Ahh, well the world never ceases to amaze us with surprises. It will be interesting to see how things turn with regards to this and that is if they are going to develop any cryptocurrencies even though this is not stated clearly in the article. But I will not be surprised at all if they end up developing a cryptocurrency which will be a centralized one for the country.
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There has surely been a significant growth in the exposure of bitcoin to the world but I still think transacting with traditional banks is still popular than bitcoin. However, the future is likely to change as people get to know more about bitcoin and its growth as well as its rate of returns on investment.
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Initially, i was not all opened to the idea of Ethereum not capping its total supply as that made me fear that it will always have a high inflation but going forward and having in mind that they will be using a staking mechanism to lock up some of the coins it makes it a good asset of investment in future.
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it's very funny when i see some of these upcoming altcoins claim to be the next ETH. I mean, the Ethereum network has grown for quite some time now and it was the first blockchian network to introduce smart contracts into this industry. It has the largest dapp based network and the new update to PoS protocol will make more people tend to use it.
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Holding dear unto an altcoin will make you regret big time in future. Altcoins always have their glory days on the market and every experienced crypto investor will take advantage of those days and hodl more bitcoins by selling his bags of bitcoins but newbies would hodl on and regret later thinking they can make huge profits with altcoins. Most altcoins don't have good use cases to drive in liquidity.
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Well, there is not much that we can do to modify the bitcoin network looking at how robust it was designed. Currently, all eyes are on the developments of Lighting Network to accelerate the speed of confirming transactions on the bitcoin network. I would advise you to stick with Ethereum if you want to accelerate your transactions.
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it's such a hard feeling and a big bitter pill to swallow but any investor who bought into crytpocurrencies during those days should come to the realization that they lost and accept their loss. It will be better to sell and invest with it to increase your profits with time than to wait for it to rise again.
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Bitcoin has several benefits especially the fact that you can make anonymous transactions in a very fast manner. Also, having access to all your funds without any control from banks and other centralized institutions puts every crypto investor full control of his funds.
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In addition, you can equally look into adding these lowcap coins as well. They have very great use cases and have products that are being used in the market already. Look into these cryptocurencies for example Digibyte, Sparkle, Cube, Divi, Sparkle and you will be impressed by the team's effort and their vision as well.
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Don't believe this and neither fall for this folks because it's likely not going to happen. Most financial markets are crashing and the entire crypto market does not look good. Don't think bitcoin is going to reach such a high price at least this year. Let's look at a price prediction of $10K-15K and as that seems feasible
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Regulating activities in crypto will only solve just a fraction of the problem and the real question is which of the decentralized blockchain networks might prefer them being regulated? I don't think any of them would. The best thing thing that the government can do is to create their own digital currencies and regulate them.
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Not in any project's wildest dream. The days where crypto investors were easily deceived by whitepapers are no more. If any group of people feels they have something better to offer the crypto industry they should build it with their own money to a stage before seeking external help to bring it on a large scale.
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Well, we can't confidentially say for a fact that cryptocurrencies are going to be the payment method for the future globally because we still have some flaws with security every now and then. Until that is solved i don't think we stand the chance of mass global adoption. Also, let's not be too much disappointed when we see the creation of centralized cryptocurrencies in the future for some countries.
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Absolutely. It's more like saying that you should not be emotional whenever you are involved in cryptocurrency trading. Sometimes, whales kind of shake the market to cause fear and panic so that people sell cheap to them whiles they can later sell expensively when the market rises.
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That's right. I have fallen a victim to this when i hodl a token for very too long. I ended up losing huge amount of money. It's very important to have your targets when holding any cryptocurrency coin because no coin has ever stayed up forever. So set your targets and sell when your target is achieved.
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It's pretty weird how this transaction was made in the first place. i mean some wallets would actually let you know that you are paying necessarily high fee for a transaction. I think this is part of the reason why the fees for making eth transactions have increased lately.
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It's quite unfortunate how these exchanges get hacked and people end up losing their funds. I think it's high time we all take into great detail exchanges that we trade on for the safety of our funds. It's best to stay away from newly opened exchanges who promises huge gains on any investment plans they offer their customers.
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It's quite unfortunate how these hackers only use their sophisticated knowledge in computing for only bad purposes. I mean, if you are smart enough to exploit a bug or loophole in any network or wallet then you are equally talented to develop one. So why don't you put effort into that but rather prefer stealing the funds of users.
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So much money in cryptocurrencies have been lost due to relatives not having access to the private keys and passwords of the owners. I think it will always be best to share the location of your keys with someone you trust. It could be your wife, brother or at least a good friend so that once you pass away they can retrieve the funds for future use.
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I am not sure the managers of Binance will just accept to list any shitcoin on their platform just because they can afford listing fee. Team members do a research of projects before listing on their exchange and this is a form of reducing the risk that their investors have to bear when trading with such tokens.
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