Many people dreams of making a new country where bitcoin is the main currency, but believe me its not as fun as it thought, its nice to use a currency with decentralised for yourself, but for the country its a disaster, if you realise now big whales are manipulating the price, imagine your country's economic being manipulated by the big whales, all of the citizens will suffered and the country's inflation will be very fluctuative
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No, whitepaper alone wont be a guarantee that the project is going to succeed, whitepaper only one of the factor, the other important factor is the team developer, whitepaper is used to get information what is the goal of the project and how the team going to achieve it, whitepaper will give you basic information about project but it is not a guarantee that the project wont be scam
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there is absolutely no negative effect caused by bitcoin, bitacoin will not affect an individual or a group. bitcoin is just a tool. the bitcoin holder itself determines whether bitcoin will be positive or negative. Unfortunately I am disagree with your statement, its true that bitcoin supposed to be a currency but most people make it as investment, and with a lot of money that circulated in crypto market it will decrease the circulation in the other investment and if bitcoin is used in too many transaction and the government doesn't regulate it, then the users can evade taxes, as we know tax is one of the primary income for the country, and without the tax income the country development will be disturb and inflation could happen
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I think the price won't stabilise this year and from my point of view this time the price will drop, but I don't too worry about it, maybe this year the price wont be as good as last year hype, but the most important ia bitcoin will still survive, and with the high domination bitcoin still got the chance to grow bigger next year
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Its a great advice but not all newbie got money to start to buy bitcoin, signature and bounty campaign are their ways to make money, and if they are just beginner they still dont understand the market and when is the perfect moment to buy, bear market doesn't always mean a great time to buy, sometimes it can go lower again
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Its really inspiring, I also start to collect bitcoin from zero, I didn't used any money start, I started to collect from faucet doing works and follow competition to collect bitcoin, the global financial crisis is real and getting worse, investing now is a very important things to do, start from small and don't afraid to try, keep on learning then you can have a financial freedom
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There are many reasons why the ICO can failed, but most of the time the developers only used the momentum to gained money and moved away from the project and start a new one, and yes pr, marketing, developer team play a very important role to the ICO success, in order to succeed in ICO you need a good vision, a good whitepaper that explained the detail, a good and trusted developer team, and the good marketing and PR team to handle problem and attract more investors
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I personally think that the investment project is going to last longer, from the psychological point of view, if the item is expensive people will more appreciate it, but that is just my point of view, the free distribution is also the type of advertising and marketing, the most important thing is the vision and the implementation of the developer, its the result that we are looking for, not how the project start
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I don't think it's the worst year, the bitcoin price is still better than last year before the big pump, most of the people lose money because they enter the market at the wrong time and nobody thought that the market is going to crashed so severely, but if you an early adopter then you will see the price is still a good price
From what I see the bear market is still going to continue, many positive sign still hasn't able to make the bull market, and we need to see the etf approval, if its being deny then the price will fall down deeper
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Many people that don't understand about bitcoin will saidnthat bitcoin is a volatility and a very risky investment, and I am agree with that, but they only see the half side of bitcoin, bitcoin hold a big potential to be used as currency, so it got a real usage in the real world, now we are just waiting some legality from the government, I think it's worth to invest in bitcoin, because once bitcoin got accepted in every country the price will be very high, for now bitcoin still in developing phase
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I know that the real purpose of the kyc requirement is to prevent abuse and to avoid people from restricted countries to join ICO, but I don't think its necessary to do kyc, it violated the crypto currencies purpose which is decentralised, and then its very dangerous to submit our identity to some site that we don't know the legality, if the project is legit then its okay, but if its a fraud project then we will screwed, our identity can be misuse by the fraudster
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Its a good summary and I like the fourth one, never chase the losing, accept the lost and learn the lesson, chasing back the losing money sometimes can make you become reckless, in trading the trader need to be flexible and need to grab the opportunity as fast as possible, and setting limit is very important to prevent more lost
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Forget about martingale, the method of martingale is not going to make you win, there are a lot of gambler losing huge amount of money using martingale technique, no matter how big is your capital, if you are using martingale in the long run you will busted, the one that able to make money from martingale is a very lucky gambler, but if the gambler continue to used the martingale, he will lose the money, it doesn't matter what is the game, martingale is not going to work
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You need to learn TA basics , to understand it really well and to pratice it a lot ( with demostration account on forex for exemple ) I m learning trading until one year and im still in demo account cause my trading is not good enough . its like a marathon , or competition . Of course you need to like charts ^^ cause you gonna spend lot of time behind charts ^^
Yeah a lot of chart reading and analysis. Not all people are comfortable with that, me included. Amd learning how to read graphs and charting doesn't always give you an advantage since movement a lot of times are pretty random. Chart reading could be very confusing in the beginning, but its very important if you want to become trader, its true even you are expert in reading chart and expert in analysis the outcome still can be different, but the TA could decrease the risk and give the trader a better look in the market situation, TA is a very important thing for traders
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Nobody can predict whether how long bitcoin could survive, there are a lot of people keep on spreading fuds, and some big investors keep on saying bitcoin is bubble, but one thing that make me sure bitcoin could survive longer, which is the adoption of some countries, when there are still people using bitcoin then bitcoin will still survive, if more companies adopting bitcoin, its mean bitcoin growth is good and could survive longer
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one thing I learned from the expert he always suggest to keep small portion when you already in profit, but I think its depends on the coin and the market situation, if the coin still got chances to go up then I will still keep a few of it, but if the coin is being pumped then I will sell it all, usually if a strong coin I will still keep small part of it
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I totally agree, bitcoin was created to make our lives easier and we can have the freedom to used it, it makes the transaction become more transparent, bitcoin was created to become a currency that can be used in all over the world, it doesn't matter whether the person want to store it as an asset or currency, the most important is they not used it for bad things
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I don't think China is going to be competitive in crypto, for sure the government will used all of its power to shut down crypto and ICO, from the history we already know that China's government always want to gain control and won't let anything unsupervised, and since crypto still small, the government still got the ability to shut down all the crypto activity
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I think destroying fiat could be dangerous for the country, its one of the tool to control inflation, credit card could prevent fake money but it will increase other problem like hackers, and fiat is needed in the place where Internet is not available, bitcoin could be used to prevent fake money but the value could be manipulated, so I dont think it is the best option, so no matter what happen, I think fiat is still needed for now
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I really doubt it will happen, not that I am pessimistic but judging from the chart, I don't see any power for bitcoin rise until tenfold, it will be great if bitcoin price could double this year, the market is not as good as last year, alot of people losing money due to the huge correction, so this time the investors will be more careful
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