XRP keeps leapfrogging ETH, pretty sure it has done it about 5 times in the last month, which is not uncommon as we have seen it do the exact same thing mid last year. I don't think it's going to stay above ETH though, it just doesn't have the community behind it to cause such a large and stable value increase.
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Personally, for an ICO I would say that it has mooned somewhere around the 10-20x mark, that would be an incredible ROI in this market. However, it is nearly impossible to expect numbers anywhere near this nowadays, as the vast majority of ICOs will either outright fail, or will fall in value shorly after the listing. It would need to be a truly groundbreaking ICO to actually gain in value instantly like the old days.
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In terms of absolute value lost, then this is by far the largest crash in history. However, in terms of relative value lost, there have been several more than 90% crashes since the beginning of Bitcoin, but these were in the early days so there wasn't much craziness like there is now. I don't think this crash it the same as the others, hence why it is taking so long to recover from.
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Well margin trading is also heavily liable for market manipulation by somebody with big pockets, I've seen more than a few suspicious price swings on Bitfinex and Bitmex that indicate that somebody is forcibly closing out the short and long positions at will.
I would avoid margin trading until things stabilize or until these exchanges have control measures implemented, as you are at serious risk of getting caught up in a fake move.
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I am surprised to see prague at the top, thought it just bars, clubs, and markets. Not surprised to see 2 south american cities as bitcoin will explode over there, especially when it goes mainstream in venezuela
Where did you see Prague as number 1? As far as I'm aware the major cities for cryptocurrencies are Zug and Tel Aviv, these are widely considered to be the current crypto capitals, but there a few countries gaining momentum such as Singapore, Ireland and Greece.
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Well Bitcoin isn't a stablecoin, but BTC definitely has some serious resistance below the $6000 mark, likely because this is the point at which BTC started to grow incredibly last year. We have seen BTC fluctuate between $6000 and about $7500 for the last 6 months, so it would be a reasonable assumption to believe that there are strong forces keeping the price above $6000 and below $8000.
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The transaction fee is currently one of the least concerns when it comes to cryptocurrency, the difference in transaction fee is not covered by the difference in exchanging BCH back to other more useful cryptocurrency such as BTC or ETH. Tell me, have you ever seen a single shop that accept BCH as its sole payment method? I doubt it.
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https://bitcointalk.org/index.php?board=238.0You can find all of the bounties in this section. The majority of them will accept newbie members but not for signature campaigns because you can't wear a signature as a newbie. If you are looking to promote a project on Twitter or Facebook for example, there shouldn't be any reason not to accept you.
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Yep, the government should just understand that right now they are not in a strong position to tax cryptocurrency, so they should make the tax extremely low so that people aren't inclined to avoid it. 5% tax would be reasonable so long as it's not from cryptocurrency paid employment.
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Smart contracts make easier to invest in ICOs. However, in 2019, ICO will be more regulised and people can invest without thinking much. There will be some platform which will regulate ICO and investors will have less risk.
I think having a smart contract should be a mandatory requirement for ALL ICOs. Any ICO that doesn't have one should be immediately scrutinized for potentially being an exit scam. With the market in such a poor way, investors need all the assurances they can get, having a smart contract locked soft cap would definitely improve an ICOs odds of success, in my opinion.
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2% is definitely a fair stop loss I would say, but in the world of crypto, you can expect to sell out on your stop loss very frequently, as 2% movement in a day is almost guaranteed, unlike the world of forex. When times are particularly haphazard you might want to increase this to 5% as +/- 5% in a day really isn't that unusual, especially for smaller volume coins.
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Definitely glad to see it, only the very strongest coins should be listed with sufficient volume to prevent them from being manipulated by pump groups. Have you seen how it is on some of the smaller exchanges? Any coin with less than $100,000 daily trade volume is at risk of being picked up and destroyed by a pump group, so this is definitely a step in combating that.
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The governments of most countries dont actually take a stand against crypto, they are just waiting to see how the technology unfolds rather than creating laws that might otherwise stomp on a booming industry. They are aware that the technology has potential, but they are just waiting to see how much danger the technology will cause to see if it balances out the benefits, give it more time and we will see favorable regs coming our way.
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Personally I think it is somewhere around $20-30,000 for the short term, long term if it is super successful it could achieve over $200,000 but that will take a long time, certainly more than 3 years to achieve. I think that it is worth around $5-7,000 as we stand simply because of the poor market sentiment surrounding it, it's also quite hard to spend it without a gold hunt to find a suitable website.
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Too many people are saying ICObench in here, the number of 5 star scam projects I have seen on ICObench is disturbing. Definitely don't take their advice as you will end uplosing your money. The only safe way to choose is to trust your own opinion above all else. It takes more time, sure, but it will safe you money in the end.
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I don't check the price of BTC too often because I do not have much BTC, only about 20mBTC probably. I am more concerned with the price of XRP and XLM as this is the majority of my portfolio, though they have been doing well lately I am still down on my entry point. I have heard stories of too many people who check the BTC price 100 times a day, it must be stressful, particularly in this market.
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Only invest in altcoins with an incredibly strong team and plan behind it, that pretty much excludes 90% of all failures. However, you can't even be sure that just because it has a strong team that it will be successful long term either, as some strong teams are still just looking for a quick buck and will exit the coin when they get the chance (after their hold period ends usually).
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Not all of them that's for sure. A lot of coins actually have great utility value but they just haven't been implemented yet because of the poor adoption rates. I think that nearly all the coins that are blockchains built for other blockchains will stuggle in the long run, as these will be hit doubly hard if blockchain tech in general turns out to be nonviable. I expect that 99% of altcoins will indeed turn into shitcoins, but there will still be 10-20 with real value.
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Right now I am currently trading at 3% loss, 5% gains on my orders, so I'll sell at 3% loss or 5% gain, whichever comes first. So long as you select high quality coins, they tend to gain more often than they lose, expecially when trading mostly horizontally. As for profits, I simply reinvest everything back into my initial strategy, since my margins are so low it is very difficult for me to lose too much.
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Well the market sentiment is mostly bullish right now, even though the market itself says otherwise. People will always maintain an optimistic view of cryptocurrency until they realize they have lost all of their life savings. People should spend more time actually understanding the truth of the situation than mindlessly believing the hype or current trends.
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