The incident you have been through is really awful in your part considering that you haven't backed up your crypto wallet before it got lost and it seems that you have no other ways to recover it considering that you might not be having the private key with you or you might have already forgotten where you have copied or stored it. This must serve as a lesson that always do take good care of your things if you know important files or documents are being stored in there. But you can locate your phone if you will be trying to recover such if you allow your goggle account in phone to let track once you lost it.
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It depends on the availability of the resources if you can be able to maximize the usage of your Bitcoin to be able to make use of it for regular transaction. But as for me, I would rather consider using fiat to make up daily transactions instead of using Bitcoin due to reason (1) the price of it matters to me that I would rather make use of it on important and essential things that cannot be make up with fiat transactions (2) there is limited availability of resources where I can transact using Bitcoin here in my place. Also, if you can bare to afford spending money for transactions using Bitcoin, then do it. It is up to you on how to make good use of your Bitcoin.
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Even at this point of situation seeing the price of Bitcoin crash, we must always seek at the bright side of it to see better opportunities right in front of us to have the time many are waiting to buy some Bitcoin and hold it until it bounce back right after this crash. Actually, making yourself stress and worn out thinking about the negative side of Bitcoin's crash will provide you with no good and might just put you into a situation wherein you might get into panic selling your Bitcoin just to save up yourself from the threat of loss which is commonly being done by newbies who still are not familiar with this industry. Instead of thinking up too much, better be calm and trust Bitcoin for it have surpassed many ups and downs many times since it was created.
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This is really an interesting question that I have been also asking in myself once and a while that if I die, to whom will I let my Bitcoin reside because life is really short and we certainly don't know when we are going to die so we better must get ready for any chances that our treasury will be accessed by those we trust the most since they will be the ones to benefit on the things I will left behind once I am gone. I think it will be really essential to teach the one who you trust the most regarding such matter so that whatever happens, he/she will gain access into your account and can make it up using your remains whether it is Bitcoin or other sorts of crypto out there. I have really come to think of it that I might be needing to settle things while it is early rather than late.
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We ought to understand that everybody is having a difficulty doing transactions as of the moment due to the high transaction fees that are being considered as the process is needed to fully have a success rate on doing the transaction. But this problem will be resolve in no time. It is just that there is a high volume on the transaction demand in the past few days. Small or even big transactions are being affected but barely small ones are having the hardship that they need to fulfill paying high amount of transaction fees to be able to make their transactions successful.
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Knowing Bitcoin's past history with regards to the pump and dump of its price can literally lead you into conclusion that things were just fine even if you see that the current state of its price is bleeding in color due to drop as of the moment. But if you were a newbie having a hard time to understand such thing, you might get easily be tag along to sell their Bitcoin holdings due to panic of loss that they are thinking to be never be regained or other things that concerns them to do sell their Bitcoin. Panic or getting afraid of loss will not get you to work into something good so instead of having those, better get calm and put your trust into Bitcoin.
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There is not always a pump in every crypto that you can see in the market. There is always the existence of the counterpart of it which is the dump and it truly happens that people perceive it as a bad timing but if you better look at the bright side, both pumps and dumps are giving us all opportunity it is just a matter of how you see those different sides of crypto. Appreciate not just the pump but also the dump for there are great opportunities to grab when the market is at that phase.
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This is indeed right just to maintain the balance so that the whatever on the top must also experience the bottom to be able to open up space for better improvement. With regards to crypto prices, there are cryptocurrencies that are not always into their top most because all are also experiencing to be at their bottom most before they have got into the part where they are into right now. That will be a cycle that will keep in repetition to keep up the balance in the market.
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survival should be the first which is why this is correct. i think people find it difficult to keep track of their token and when they sell they dont usually buy back, thats why they usually settle for long term. trading is like a business which should be documented, no matter the amount of tokens you are holding, documenting will help to track and buy or sell when its needed.
This is indeed right. Survival must serve as one of our priorities to be able to last longer in this industry. Do not push yourself too hard into the extent that you are already neglecting your limitations. If you are badly in need of funds, better not to make it too hard for yourself. Be wise on doing necessary things that will make you be able to have some sort of resources. You still have lots of time to regain possession and your position.
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It is most likely one of the circulating negative posts that have been mentioned on the past threads I have got in and it seems that there are really people spreading this news to shaken the thoughts of the newbies to sell at the early stage and make them into panic of the simple price dump happening with Bitcoin. Such dump is already normal and nothing to be afraid of for we have been already used to something like that over and over again. But it is still your choice to sell what ever you feel that the news is coming right after. It is your own Bitcoin and you are free to do what ever you like.
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I see. People seems to be doing comparison between Bitcoin and other different companies market cap to see which makes it to be more powerful among the two and maybe to convince themselves how great Bitcoin is to be compared to other existing assets and companies around. I do not exactly know why there is always comparison happening when the fact that they are two different existing bodies and that it seems they are more likely have nothing to do with each other except for the market cap that people are always checking to see how much greater heights Bitcoin have already attained as time goes by.
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It seems that those negative posts about Bitcoin are about to end up for something that is intentional to make the newbies or soft hands to surrender their Bitcoins at an early stage making them sold at the lower price and as it goes on, the price of Bitcoin gets lower making other people specially those who are much a waited ly waiting for the moment to grab the biggest opportunity of buying at a lower price as much as possible that they can. This is not something new to talk about for we have been into this situation all over again.
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People might always take a look back from the past and always do comparison of what they think would link and explain something that is unusual for them to further understand. Yes, from the past Bitcoin have suffered a low price after the ATH that happened way back 2017 and turn into crash by the early 2018 and took 3-4 years in the making before reaching what Bitcoin have been into right now. But we cannot hereby state that same thing will happen just because we are seeing dropping in the price and that it will take years before it can once again recover. If ever proven true, surely there are still lots of people who are willing to wait until such time comes for they have already witness the importance of Bitcoin.
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It seems like you have the main responsibility for what have happened to you from the past and the regrets are already sinking into you having to know that Bitcoin have massively increase in terms of price compared from the years wayback you have acquired those Bitcoins that you loss from a Ponzi scheme and the remaining that have not been retrieved since you are likely have lost your private keys to access your account. But still it will never be to late for your dream. The main difference is that you will start again from scratch and will have to strive harder to reach your goal.
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Well, it looks like you are doing pretty good trying to test out your journey into engaging yourself on how far you can go from your initial of 0.3BTC going to 1BTC. That is kinda motivational and pretty impressive at the same time for you are striving hard to reach your goal. Hope that you will make it along the way and that you will not give up and keep on striving even if you have attained your 1BTC in the near future once you succeed in that challenge of yours.
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1. Anyone can still make use of Coinbase since it is your personal preference that is why you make choose of having Coinbase as your exchange rather than any other existing exchanges. Maybe for some or let us just say for many people out there, Binance is now the new trend when it comes to exchange all due to the popularity and demand people are showing interest with Binance compared to Coinbase. But still it is a matter of your personal choice.
3. Better be keeping your cryptocurrencies in a hard ware wallet if you are not aiming to use them for an instant because exchanges and storage have different usage so better make use of storing your crypto on storage crypto wallets rather than keeping them in exchange. Despite of the high security exchanges assure, there might still come times that any intruder can infiltrate the system so for better security purposes, better choose storing it outside the exchange.
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Well, such strategy can work sometimes and it seems the OP have already proven that to be working on his favor. But the market movement is not always into that pattern that when the price of Bitcoin rises, the Altcoins do dump and vice versa. Maybe there might be times that such strategy will work out but not all the time. It will still be depending on the trader himself on how he will get along with the market to work against odds and make things work on his favor since we manageably work on how we can turn things into opportunity whether the state of the market is on a dump or pump side.
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The initiative of newbies in the industry who still not basically know how the market works, is to sell when they see a sudden dump on the prices of the cryptocurrencies they have invested their money with whether it is on Bitcoin or Altcoins. They have the fear of getting the experience of having loss for they think that it will continue to work on that and that they might never have the chance to regain that loss. Well in some cases things work like that but still it depends on the crypto you are investing with. But if you are confident with it, instead of complaining on the dump, you will see it as an opportunity to grab on buying more and hold it for a while until such time that the price pumps.
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Risk management is really important for every trader since we are dealing and working into a market that is highly volatile and we do know that risks are associated upon working into it. Practicing how to manage certain risk will help you out as a trader to make your losses to be lessen and not to be dragged down even further. Being able to deal and work on managing risk will make things somewhat favorable to you because if you will keep on banging against risks and putting too much effort recovering your losses, you might just end up having nothing in the end. You can just be able to survive in trading if you do know how to properly manage your capital and deal with the risks to cut down possibility of greater losses so you can still have something to start with and will not end up empty handed.
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That is kinda a little sad story and I bet we all do experience such thing for quite sometime. You better get good luck the next time around and hope that you can turn things be favorable to you. We do really need to be certain on things just to be able to know our targets so we will not be missing possible opportunities that is just right in front of us. Maybe it is just not your lucky day but I do hope you can still be able to get the next one. But still certain things have been learned from such experience which you can make use the next time around and will make you a better trader.
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