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You see, I did this before this "huge alt coins crash" happened, I already knew this would happen, at that time nobody believed me because profit was very high. Now they are getting together and starting to accept reality, profitability has never been worse, not even when litecoin crashed in 2014 was this bad, matter of fact it was never like this in crypto history and that is mainly to asics cause investors know they can buy coins cheaper from whoever is running asics cause they know asics profitability is 100x, so they want to pay 100 times lower to asics miners. Now if tomorrow eth goes to pos then price would jump 10 times instantly, supply and demand. Well, one should not doubt when they say that in crypto things happen at a much faster pace. Do you think PoS, plasma and these other features may prevent the Eth chain from growing astronomically?
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Both sides make sense to me, there are a lot of shitcoins being dumped into the market nowadays, so, either that can continue and we'll see more altcoins.
Or, on the other hand, people might start prioritizing quality over quantity and limit their investments into the coins that are actually good and have some potential.
What do you think?
Few people remember, but after the "dot com bubble", the insanity of selling a website with empty promises abruptly decreased. I think the same market dynamics will apply here. Some will learn by knowledge, some will learn by losing money, but over time, people will start being more selective with it comes to investing in cryptocurrencies.
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If you understand Bitcoin and believe that it is a better form of money, you probably know that something like this, if successful, is supposed to be in people's everyday life. If you go to the street, and you don't see people talking about Bitcoin. Congratulations, you probably have the first move advantage.
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If you choose the right airdrop, there will be no reason not to like it. The only reason to hate airdrops is when you subscribe and the project is not delivered, or when developers use gimmicks to create fake accounts and perform an unbalanced distribution.
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I would, but not with this strategy. I would do that only if it did not mean that I would have to sleep on the streets. These 2 months also doesn't make much sense. An investment like this should not be made if you could not wait a few years before going back to fiat.
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The founder of ETHEREUM said that over 90% of ICOs are scams. By participating in an ICO, you give your money to a project that probably will never happen. Every day a new ICO comes out ... but what surprises me is that many people invest their savings in these very high risk projects. I think it is much better to invest in real projects already listed on the stock exchange .... of which you know everything well ... For example, BANKERA looks like an ICO scam .....
Interesting he said that, since the platform he created is the one that originates more than 90% of these ICOs.
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Maybe they're trying to prevent people from investing in scams and highly speculative investments. However, to be fair, they should only ban ads related to ICOs and ponzi schemes, and keep ads related to good cryptos and services related to it, like the ones that seek to provide educational content about cryptocurrencies and trading.
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Maybe because they're not decentralized? If decentralization doesn't matter to you, why don't you use fiat instead?
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Bitcoin is taking a huge plunge! Are you guys selling to be safe, or still hodl in the hope it will go up again?
It is passing through a correction right now. You guys can't expect Bitcoin to go up forever. It may be a good idea to take some profit, if you have not done so yet, but I wouldn't sell everything. If you are a long term holder, there is no need for panic.
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at the beginning it took me some time to explain people about this market. i wonder: when you try to explain people about cryptocurrency do they understand?
If depends on the person I'm explaining it. It has not been very difficult to explain to people in the technology area, but for people with poor understanding about technology, it takes some time.
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In the past there were big websites, like newegg.com, trying to accept Bitcoin, but there were not so many people buying things with it. I guess now the user base is much larger, but I'm not hurry to see Bitcoin in these websites. They know which time is best for it.
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It's a free market, so only people themselves can stop this.... they might do this when they realize that there is no substance in most of these projects.
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If this is the beginning of a new ATH, we might not only see Bitcoin hit $5000 again, but it will probably go above it. From a technical perspective it is supposed to break the previous high.
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As long as there are people mining or running nodes, these coins will have a future. The big question is whether this is a bright future or not.
I would say less than 1% of these coins will have a great future, and the profit might be huge for those who identify them.
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It's just day traders making money. If you don't want to play their game, just hodl.
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I found this site this days http://www.gamiss.comCan I buy this somewhere with bitcoins, prices are very cheap, and I saw some very nice clothes there. I wonder is there some similar site, where we can use our bitcoins to buy it. Now I need to ask people with credit cards to buy me this, I dont have one. But with bitcoins I would be able to buy it by myself. This might be useful. So far, I've only seen reports of people buying this using gift cards, in web stores like Amazon.
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Everything requires some kind of investment. Even websites giving what they call free money will require some kind of effort, time and, of course, electricity, since you will be in front of a computer.
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This is already happening, but on a small scale. From news on TV to quotes in documentaries. I think this will start to occur on a larger scale as Bitcoin begins to overcome its biggest obstacles.
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If I had very cheap electricity I would consider mining some of them. The question is, for how long can these alts remain sustainable.
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