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To be honest, it won't happen. A country with a bitcoin standard monetary system is impossible since if they will purely rely or depend on bitcoin in their monetary system then a lot of things will fluctuate especially the prices of the basic goods and services that the people need. It might lead to a chaotic scenario where people are complaining on how unstable the market is.
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I have $ 500 or more, is that enough to invest or trade daily ?? Do I need to buy cheap coins or expensive coins? I want your opinion for me as a newbie.
If you are a newbie in the market, i advise you not to trade daily. Instead, i recommend you that, invest the safe coins such as Bitcoin and Ethereum at first and in the mean time do research to learn the market. Everything can change quite abruptly in the crypto market. And Daily trading without sufficient knowledge of the market can have negative consequences. So first try to learn the market and crypto world. It would be best for him if he will not rush himself to invest into the market to make profit as soon as possible. He should focus on himself first and identify the things that he wanted to have at the end of the day and act on it based on his goals. He may start investing in getting education or knowledge about cryptocurrencies to level himself up to be competitive and effective as much as possible. |
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We all know that there is a lot of ICOs back then and the only thing that we can do is to learn from the past and make sure to apply all of the lessons from those mistakes so we can avoid getting into that situation again. If you know a newbie who is just getting started in investing in ICOs/IEOs, you should help them and inform them about the criteria that they should base on when they are about to invest.
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We have different point of view in terms of the current situation of the market. Some people call it as an opportunity to buy a lot of good cryptocurrencies at a very cheap price as an addition to their cryptocurrency portfolio and some people are calling it as an end of the cryptocurrency era. For me, it is better to be positive and just stick to dollar cost averaging so we will not miss any opportunity that the market offers to us.
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Investing is the easiest way to make money with cryptocurrency. When you are an investor, you don't need to deal with too much stress because of the market fluctuation. You just need to choose the right cryptocurrency to invest in for long term and make sure to keep it on a safe wallet so you can sleep well at night knowing that you are secured.
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Some altcoins will not disappoint if you hold for long term because they are well built and they have better support which is one of the reason bitcoin and eth make it this far, its left for you to find this gems among large pool of shitcoins
in making long-term investments we also have to look at the potential of coins for the future, if the coins do not have the potential in the future you should rethink. I do long-term hold of the project payoff and most of it is not profitable, so it's good to do the selection of coins for long-term investment I think it is important to choose the right project and research it carefully before making an investment plan because the current market may cause you a lot of difficulties. Currently only trust the projects that are available in this market and always follow up with the fluctuations of that coin. However, not all projects are successful because if don't attract new investors, the coin will tend to decrease more. Personally, I don't worry much about long term investment because it is the money I have earned from this market so my mentality is very comfortable when investing. Of course, it should be always the priority of any trader or investor, to do research about the certain project to really make sure that they are putting their money into a project that will give them good returns. Investing is not just all about the money but also about time and effort that you need to put in to get a high winning percentage when it comes to trading and investing. |
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Its true it seems that millennials is less educated and probably the worst generation where even in social media their post are annoying they're main concern in life is sex, drugs and alcohol. They spend more time in online games, burning their money doing meth & alcohol and social media than spending more time in productive skill development or investing their futures into something like crypto.
It will be wrong to label an entire demographic group like this. Although I would agree with some parts of your post, I have to say that many of the millennials are even more skillful than the older age groups. I am working in the IT industry and many of the millennials who have recently joined my company are very knowledgeable in coding and programming. In terms of skills, they are better compare to the older generation because the millennial have an advantage of having an internet but it doesn't make them not screwed because they are screwed with their financial situation because most of them are financial illiterate and they tend to spend on their wants rather than on their needs that resulted for them to be screwed and it caged them to work 9-5 for the rest of their lives. |
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As a trader using cryptocurrency as a means of payment is not acceptable in my country alternatively I exchanged my cryptos to fiat via a reputable and trusted exchange for my daily life ie payment for goods and services I hope to see shops accepting cryptos in the nearest future in my country.
Wide acceptance might happen anytime soon. We do see how crypto grows and there's a big possibilities that more and more businesses will accept and adopt this system. For sure most business owners are also eyeing and reviewing the potential of this market, they will soon adopt and accept the system and cater crypto holders. For now, there's already online shops who accept crypto better to support them to have more attentions. In the next few years, I can see that the cryptocurrencies will be one of the most accepted payment option whether it is online or offline because of its transparent and fast system. We are still in the development phase for the blockchain technologies and once it gets done then the acceptance for cryptocurrency will follow. |
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We should focus on accumulating more cryptocurrencies as a long term investment. The prices are now dropping and a lot of traders are saying that we are still in the bear market, it is a bad market situation for the traders but for the investors, bear market is a great opportunity to buy more assets at a very cheap price and we should focus on that thing and hold them until the bull run starts.
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Good investor never invests more than he can afford to lose and always diversifies his investments.
Maybe we can't predict the Bitcoin price but good investor will always closley watch the market be flexible enough to adapt and react on time. To become a good investor it takes time so good investor will never hurry, it will never be greedy and let his emotions drive his decisions.
good investors may not invest more assets than they can afford to lose, but good investors also invest in the right things. this concerns all project clarity from the general to the very deep like the team and others. out there, there are some investors who are willing to invest their money and are ready for the risk, but they don't know what to invest in and start investing in things they don't understand. Good investor can identify what is an asset and a liability. Good investor are purchasing more assets than liability. I'm still young and I keep purchasing generating income assets than can sustain my expenses. That may be true and I agree. A good investor is the one who accumulates and makes his/her portfolio even bigger. As his assets grow, he diversifies. A good investor is the one who shares his knowledge, mistakes, and rain young ones to succeed by educating them. Also, its good that he shares his gains back to the community. In my opinion, that should be our end goal. We should always give back to the community because it is better to give than to receive which means that it will be more fulfilling if you are the one who is capable to give or share your blessing because you know that you are successful and you can do whatever you want in order to help the people who are in need. |
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Before all do you know John McAfee? Do you know who this person is and you believe what it says. Such high predictions we should not expect because they will only cause us failure. It is better for us to have a bit of a study on the price of bitcoin and let us not rely on those who claim to be the prophet to predict the price of bitcoin with no basis.  Do not rely on other people, rely on yourself instead. Even though McAfee is a very well known tech guy, we should not still trust him in terms of his prediction because most of the predictions doesn't work since they don't have the enough evidences to prove that their prediction has a high probability. I agree that we should undergo self studying in order to make our own analysis and own prediction so if it goes wrong then we don't have anyone to blame but ourselves. |
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Certain reasons because the development of increasingly advanced technology.although without encouragement I think everyone is slow or early certainly will join the crypto world.in this case both in the field of trade or in the field of gambling.I joined crypto because I was interested investing in bitcoin
To be honest, almost all of us are here in the cryptocurrency because we are amazed on the potential profit margin when we got involved in the cryptocurrency. You should not only get interested in investing in bitcoin because there are still a lot of opportunities out there like altcoins where you can invest more of your money to create more chances of making tons of profit. |
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If 2019 should have been reversed back to 2017, just these once what would decisions will you revert?
I would probably sell all of my token holdings if the market prices are the same with prices in 2017. Most of the market value of my holdings at this moment are the total opposite of my holdings on that particular year. The prices of most of the tokens are close to zero which is frustrating for the fact that there's a year wherein prices were high but I chose to hold and became greedy to earn more. You cannot change the past but you can change your future. If you will look back at your past, you should take all of the lessons that you can from the mistakes that you have done and use those lessons to make sure that you will not going to mess up next time. Just always remember to not play with emotions so you will not have a bias opinion on what you are going to do. |
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There are still people who are creating projects under the ERC20 contract but the numbers of the projects have been decreased because the developers and the whole team observe that the market is still in bad condition which is in a bearish situation so they tend to postpone their project and just launch it when the market is alright so people are not scared to risk and invest their money.
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Long term hodl is the major strategy of the investors in cryptocurrency because if you invest on right cryptocurrencies then they will give a lot of profit in the future. It is not a joke because long term holding is also applicable and suggested in other market like stock market where you buy blue chip stocks and hold them for long term, if you invest right then you will profit.
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at first I even thought prices would go up directly when usdt was printed at the past from bitfinex ; but now i am sure that effect appear after some weeks at latest or little of months ; if everyone dump his bitcoin the prices will have some obstacle . but i think prices can stable in the future and rise constanly
It is normal of digital currencies to face fluctuations and this is what they are famous for. Bitcoin is the most volatile crypto coin that gets affected by every big movement but this does not imply that the coin is losing its value. The halving is not very far from us and we can expect more decrease in values before it. But thins will change drastically afterwards. Bitcoin is going to skyrocket in 2020. That is what the most people believed in. They all believed that the price of bitcoin will be awesome in the next year because of halving but you should also remember that you should not risk it all just because of other people's prediction. You should have your own analysis and it should not be influenced by other people. Learn to analyze the market and set take profits and stop losses in order to secure profit and also avoid too much losses. |
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If everyone has their own version of currency then it will be a chaotic scenario because people will get confused a lot on what is the value of the other currencies around. People will not have an agreement since if you are the creator of the currency then you have the right to set the value of it. It is still better to have a major currencies around because it sets the standard on what should be the value of the minor currencies based on that major currency.
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Since men are still in a higher percentage in terms of having a job and women have a high percentage at being a housewife to take care of their home and kids, it is an expected thing to see women exploring other ways of making money by just working at their own comfort which is their home. It is now easier to learn trading than before because we now have the internet and it became their best friend to completely lean on to trading like cryptocurrency.
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knowing when, where and what you are investing in will help us in our decision-making with our financial aspect.
Some people just investing because of shills and hype.
hype be main factors why cryptocurrency price increase..traders feel if they didnt start buying crypto from now on they could miss the best price and it could be big losses for them when miss the opportunity to earn profits.buying cryptocurrency must based on our analisys that decided this coins has potency to give us profits or not. if only based on based it just go on for short time only. Hype and bitcoin not good investing today because price bitcoin still down, maybe looking with property investment is the best way for getting much profit, many people looking property with their new house. I think with property investing less risk than investing with bitcoin where price have increase very low and keep try to stop lost with property investment. yes property is a good investment because its value will always up. but when compared to bitcoin, the property does have less risk, because the benefits are not as big as bitcoin, while bitcoin is a high-risk high return investment, this kind of thing requires hype to increase prices. As a good investor, we must have extensive knowledge or knowledge about any field of investment. It depends on what the investor want to have in his portfolio. Real estate or properties are good for people who are planning to retire soon because it will give them a reliable source of income. Cryptocurrencies are good for people who want to have a rapid growth in their portfolio because cryptocurrencies can easily give you a 10% return in just a few days. |
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Getting rich is not avoiding responsibilities. In a matter of fact, if you want to get rich then you should be responsible and disciplined in order to sustain the positive flow of your wealth. You should educate yourself about the right things to do in order to attain financial literacy because when you know where to spend your money then you will have limitless opportunities that will make you rich at the end of the day.
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