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I have a successful ICO experience which is the RISE coin, back then it is just a random ICO that i joined and it was a newbie days for me because i just want to try and gain experience from investing in ICO and then i found RISE and then i put ranging from 0.2 to 0.4 and i just hold it for a long time and when it hits at least a few dollars in the market, i sold it and made fortune with it.
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Do not invest what you can't afford to lose and that is one of the best way to manage the risk and also learn to diversify your money or capital in cryptocurrency so you will be able to put it into different cryptocurrency and not just in one cryptocurrency that might dump hard and give you a huge loss in total.
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Wait for the dip, i guess it could go as low as the last big dip. That one lasted for about 10 days.
Actually, we hit a three bottom dip and it happened couple of times so if you're planning to buy bitcoin just have a target price to buy or just buy little by little so you can still buy if there will be another dip. With this, you can maximize every dip that will occur. That is an effective strategy and you should follow it because when you will buy bitcoin on a dip, you are not sure if the dip will continue and create another dip or it will just go up again so you should not go all in and buy little by little until it starts to go up and that is when you will start to make money. |
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The future is simple, there will be more project that will be using blockchain technology and that will open a lot of awareness to the people and other country who used to deny the cryptocurrency because of their fear of experiencing negative or bad things on cryptocurrency. The future is simple and clear, there will be more users.
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It is enough to have a few because that is better rather than having a lot of altcoins because your capital is so diversified and the amount of bitcoin to each altcoin is very low so even they go up for at least 10% then you will still not get a decent profit. If you have few altcoins then it will be good to you since you can earn decent profit after a small to big pump.
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Bitcoin needs a lot of developers and other people who have an idea on how to improve bitcoin so they will brainstorm and create a final idea that will become the reason for the existing developers of bitcoin to make some tweaks or modification to bitcoin to make it better so it will have a better quality than before and it will become one of the reason for the doubting investors to finally put their money in.
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I know there bitcoin is banned, Well I do not know electronic money in India but I know that there are many people who are joining their crypto even if the government issues a cyrptocurrency ban.
every country's view of the btc is different. let alone btc is currently experiencing such a high decline. causing many countries to think twice before taking further action. but my view is hopefully btc it will experience an increase again, although the current state of India has banned the development of btc. Bitcoin will surely go up again in the future and that is for sure because a lot of big investors are now getting into bitcoin and since the price of bitcoin is dropping it makes its market even more attractive than before because of the opportunity that it shows to the possible investors or traders since they can make money because of the volatility. |
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The real life usage of bitcoin for me is just like an option for doing payments because it has value based on the universal currency which is the united states dollar and that is where you can base to price the goods or service that you will offer to the customer or possible customer. For the mean time, that is only real life usage that i know about bitcoin.
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I believe the answer to your question would be when the big supermarkets accept some form of btc for their goods.
All will be comfortable to use bitcoin if the sayings about bitcoin will be gone, a lot of scam using bitcoin is too mainstream so people look at it as a real scam. Specilly here in our country who see it as scam They are mostly close minded that they saw that bitcoin is a scam because they are depending and putting their basis to the events that is going on but they didn't do their research in order to clarify things so they are trapped in their own mindset that bitcoin is a complete scam because a lot of scammers are using it. |
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Well if I had any amounts of savings I would definitely invest it to bitcoin because I you will save it or deposit it to banks you can only earn small profit while in bitcoin you might earn big in a month or a year because of its volatile value.
people interested with bitcoin or other cryptocurrency because it's profit.they can earn thousands or even million just in one night.but the opposite, they can loss their money too in one night In cryptocurrency investments we must be prepared if losing millions of dollars overnight, wise in determining money is very important so we do not lose too much. Why you will lose million of dollars if you are just investing at least 10% of your overall money because that is the safe range of investing if you are not so familiar about the platform so you can test the depth of the water so you will not experience a lot of loss from your investment. Prepare some of your savings to be kept for long term also for emergency purposes. |
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yes I think most of the coins will not cost anything. The market is very crowded. I think that growth and profit will show only a few coins that have already proven themselves. First of all, this ether
I am thinking the same thing like you that most of the cryptocurrencies will become worthless and the only cryptocurrencies that will grow are the cryptocurrency who have real project and product and the one who have done proving something about their vision and mission, there is a lot of cryptocurrencies but majority of them are just useless. |
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I do think that the other coins move faster because the other coins are so low cap, meaning that there is a lower amount of money circling in their market and because of that it is more prone to manipulation that makes the price move faster and that is what they called shitcoin which is the type of coin that moves faster and more likely to pump and dump.
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If you are walking on the road and enjoying a nice day at the nearby park it's all because someone paid their taxes.
Taxes helps a lot , I have seen people frowning over about how they don't want to pay any taxes and as such.
Government ensures that if you earn over a certain amount then for sure you can contribute in the making of your country. It's only if you are able to.
Taxes helps in :
Paying the salary of government employees
Making of roads
Public schools
Parks run by the government
Maintenance fees
Making government hospitals
Making high schools ... The list is endless
We all use all these services at one part of the life or other therefore we can just consider it a little payment for that .
People frown how government is corrupt , it is but not entirely if it was then you woont see new projects coming up in your town or city.
It's just our responsibility to pay taxes, we shouldn't run from it because it will more or so be used for everyone out there in your country , you are indirectly helping others too through paying them , the less advantageous ones.
Also one might say government can print all the money they need , but that's not the case ..the more money a government prints the lower the value of their currency gets which genrally have adverse effects in many sectors.
Its fine if the government will be going to use their funds on the right way because there are other countries who have corrupted government members and they will just steal money from other people. It is undeniable to reject that statement because almost all of the government in the world are corrupting the money of their citizen, it is not all the government but most of the government official are corrupt and it is not that obvious because they are hiding their illegal activities to not get caught and that is why there are still countries that are not well progressed. |
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Because people still believe investing in bitcoin. Investing in bitcoin in value is great for the long term and will produce something of value. So people are still buying bitcoins to make a profit in the future. Buy it while you have more money and buy it slowly.
They are all bullish about bitcoin because bitcoin can create a lot of profit for them and also for us people who have bitcoin. If i have a lot of money then i would still buying bitcoin even though i am reading a lot of fud in the internet because it doesn't matter to bitcoin because it will still go up because its community is so huge and there is a lot of supporters of bitcoin. |
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I had my loss when I forgot my private key when I would like to import my private key. It wasn't a big amount but that time when I was really new to Bitcoin was something really unfortunate and I wouldn't want to do that again. At least know, I become a disciplined person.
Mistakes are one of the best teacher beside experience because mistakes will teach you tough lesson and if you are not like other people or the majority of the people who take mistakes as mistake literally but if you are a person which have a mature mind then you will take mistake as lesson and basis for the future actions or decision making. |
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Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.
Crypto currency will develope and improve more, in five years, new investors will come which can affect to the currency to be world famous. It can also helps them to their work and living. Yes, because of this it can transform everything, like on how people live and how they can contribute to the world of crypto currency. Definitely, cryptocurrencies will continue to improve and more and more people will get into cryptocurrency for sure in five years because this is the future, i am not talking about any coin, i am generalizing because i believe that cryptocurrency will be the mainstream thing in the future because of its technology. |
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I can not argue that bitcoin has failed as a currency. Sometimes bitcoin is more likely to be seen as an asset. But bitcoin is also done for transactions and this is the same as currency. So I can not assume that bitcoin fails as currency.
Bitcoin is considered as a failed currency because when you think about currency then you know that it is always been use in transactions like for a daily basis so you need to use it for everyday since it is a currency but bitcoin is just like an asset just like you said and that means that bitcoin is not that good in terms of using it because of the fees and network problems. |
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This is actually a great thing. Bitcoin, and with it's ease of access, can help a person with disability gain money by not just doing an office job anymore. The requirements for this thing is that you should be patient and you should always put up efforts whenever you are doing something related to bitcoin. Joining bounty campaigns are the easiest way of gaining money from this thing and if persons with disability will be doing it, then their life would be easier.
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When you are really growing in crypto, there are things that you won't be able to do anymore. Because crypto needs more of your time in order for you to learn the things here, it is not guaranteed that you'll know everything in an instant and that is why you need to focus in crypto a lot. And if you have a job while doing crypto, that is actually good since you have an extra source of income but be sure that you can handle both and don't be overwhelmed with the amount that you'll get from both jobs, just keep on working.
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That's a good strategy, since you are buying the real deal in crypto currency. Alts depend on btc, and if an altcoin will not be recognized or will not be approved to be used, then it is much better to own a bitcoin because it is the most traded coin in the market and it is the original cryptocurrency. Nothing beats the original.
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