Brand name is an essential aspect in a project be it crypto or non crypto project, there are are some brand names that attract people to patronize it, and some names give a hint on what that project is all about, however, brand names necessary determines the success of that project, people invest in project because of the potentials not because of how good the name sound.
It is really an essential part of the project because the name or the brand name will become the face of the product and that is what the people will always remember when it comes to the product. Just let Apple to be an example, before when we say apple, it is just a fruit but now, in this era, when we talk about apple it is now about being premium and being expensive. That is how powerful a name can be. |
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Altcoins has a great future ahead but only a few of them will remain in the long term basis. There is a lot of altcoins in the market right now but not all of them are even worthy to receive investors because most of them are just copy cats of other cryptocurrency projects and they are just here in the market for money and not really for utilizing the technology of cryptocurrency.
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Making mistakes means that you are trying. Don't be afraid to make a lot of mistakes, be afraid of regretting for not trying anything in your life because you are so afraid to make mistake or get judged by other people. Making mistakes will give you a lot of lesson and eventually it will result for a growth that you will appreciate.
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indeed advice is always needed so that we are not lulled by lust, sometimes it comes on its own without us needing it
some cases we have to be patient when facing failure and make it an experience
The line that I like the most is to be patient when facing failure, that is true. Well the best advice I've ever heard in case of investment and all is that don't do panic selling especially when the value of bitcoin drop down, You don't need to panic since the value of it is volatile so it may rise or fall from time to time so in order not to lose money and earn big profit instead, All you need to do is to wait patiently for it price to increase again before you sell it. If you are in the game of cryptocurrency for long term then patience is your best friend and like you said, we should not fall into panic selling when the market is falling down because it is just for temporary but if you are into short term then you should look for the possible mistakes that you have done and fix those wrong entries in the market so you will become better in your next entries. |
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It is impossible for them to not hold bitcoin. Institutions are so diversified and they all know that it is best to stay that way. They are putting a lot of money in different investment vehicles such as bonds, mutual funds, stocks, real estate and other well known investment vehicles and there is a high possibility that they also putted their money in cryptocurrencies as well to not lose the opportunity.
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Build a bank of bitcoin will get good respond from bitcoin investor because they save bitcoin with the bank more safety than using an exchange or nano ledger wallet, by saving bitcoin and support with the bank many investor will move their money become bitcoin assets and save in the bank for long time.
How a bank of bitcoin would be safer than using your own nano ledger hardware wallet? There is no difference in terms of security and for me, it is better and more secure to keep your bitcoin by yourself and not trusting other people because it is hard to send your bitcoin to another people just to keep it since the bitcoins are untraceable so once they turn into a scammer then all you can say to your bitcoin is goodbye. |
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Although its looks like people interest in Crypto investments are diminshing but i don't believe that it will going to be the end of Bitcoin because i have witnessed that Bitcoin has been in this difficult market situation so many times before but still its survived. So for me it will not be the end but it will just be an opportunity to buy more cheaper Bitcoin.
That is not true. The interest of the people in cryptocurrency investments are not diminishing and in fact it is growing slowly but surely because the blockchain technology and other cryptocurrencies are getting closer and closer to the people who doesn't have an idea about cryptocurrency and because of that, it sparks a curiosity for them to do an effort to learn and get into cryptocurrency. |
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I disagree with this view that you need to hold btc to support it, it's much the opposite in my opinion. The BTC price going up more isn't really going to help BTC that much, but instead, actually using the coins to promote adoption is the better move.
BTC shouldn't just been seen as an investment option, but a lot more then that, and just holding your coins until they go up in price isn't a good mindset to have for BTC.
Spending bitcoin will not promote adoption. You can promote bitcoin without spending your own bitcoin. You can post in different social media platform about the information that you know from bitcoin and other cryptocurrency and you can also create some education video in youtube and those type of doings doesn't require any spending of your own bitcoin but it is still promotional. |
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Even coins with volume are not really live, their volume could be from trading bots or wash trading.
A good coin will have good volume in the market, but not all coins with a good volume are a good coin.
Listing the coin on a good exchange will increase the volume which is good for the coin.
When you are looking for a good coin, don't look for the volume and dig deeper instead. Volume are easy to manipulate since there is a lot of whales in the market and the best thing to do when you are looking for a good coin is to get into the community and look for the feedback and reviews of the people who are really into the coin that you are looking for so you can easily evaluate if it is a good coin or not. |
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yup! i think that's a pretty good idea.
i will do as you say, at this time part of the altcoin that i hold i have sold and bought bitcoin.
and now i only have bitcoin, BCH and ethereum in my wallet.
i hope the market will pump up and end this frustrating period.
It feels like the period of falling prices for altcoins will never end. It’s good that although Bitcoin behaves more stably and predictably, you can invest in it without fear. Perhaps we all will have to hold many altcoins for a long time before they give any significant profit. The lesson here in the bear market especially when it comes to altcoins is, only buy the altcoins that are strong enough and good enough for long term holding. So even though their prices will still plummet, you are still confident that they will have a comeback in the market and they will give you a lot of profit in the future. |
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Maybe those investors are frustated with crypto projects because lately most of projects are scam.
And you're also right that many of crypto investors want a fast profit and leave, they mostly cannot divide between investing and trading
It is true that they are just frustrated and they have a less trust to give to the cryptocurrency projects since most of their investment are from projects that sound good but after the crowd funding they all just slack off and the project slowly dies. Today, it is better for the projects to do some work first so they can really justify their words when they are talking to the investors. |
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They will indeed go to the moon very soon and while they are not yet on the way to the moon, we should stock up a lot of altcoins and keep them in a safe place. Keep accumulating altcoins and also bitcoins and don't think about the price because the low price is temporary but the potential is always permanent and we should always maximize that.
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There is two ways for me in order to invest safely in cryptocurrency. The first thing that you should do is to invest the money that you can only afford to lose because if you will exceed on that limit then it will be so stressful for you to sleep when you know that your money is at risk. Second, you should invest in a good hardware wallet because that is where you will be putting your beloved cryptocurrencies.
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It is not far that even the showbiz and entertainment industry will be using cryptocurrency. It could be a good way to promote and expose crypto to the mass which could help in mass adaptation. Knowing that Kpop is somehow know around the globe.
Yes they are really known around the globe and they have a huge community of people who really love K-POP and other type of Korean creations. If the K-POP companies will really use the cryptocurrencies then it will become the start of the revolution of cryptocurrency around the world since it will give a lot of exposure for cryptocurrency that could lead into adaption. |
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These big companies doesn't conduct an ICO because some of them launched before the hype of the cryptocurrrencies and some of them see that it is not really a necessary to always go with ICO because they can conduct a private investing opportunities for those investors who really are interested in investing in technology and instead of doing ICO, they will just do IPO once they are successful.
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In my opinion, it is really happening. The whales are slowly but surely accumulating bitcoins and other big cryptocurrencies again and the best way that we can do right now since we don't have a connection or insider's info from the group of whales is to buy big cryptocurrencies in a regular type of way so we can do averaging and get the best deal for our cryptocurrency.
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The idea of cryptocurrency is to be a digital type of currency and I don't think that it will be a good idea to make a physical representation of the cryptocurrency because the convenience will be gone because it is more convenience to do transactions in the cloud because you don't need to bring a chunk of paper or coins in your pocket to pay your thing because you just need to pull out your phone, get the address then send the payment securely.
Governments are even running away from these chunk of papers, because printing bitcoin in a paper will not be different from the way money is being printed and we know the issue that the printing of money has actually generated for most government, if it was possible for governments of every country not to print money, I am sure they would have halted it instantly. Rather than halting it instantly, they are gradually encouraging the cashless society which in advanced countries, they are gradually eliminating the use of paper currency which many of their citizens are getting adjusted to, so it would just be like sending us back to what we are trying to eliminate, like you said, the idea of crypto is to be based on internet and I think it is best we leave it that way. I totally agree, we are now in the era of being all digital and we should not get back on having a paper of money or even paper of cryptocurrencies. It is always better for us and for the society in overall to have an advancement in currency in terms of adapting to the influence of cryptocurrency and establish a payment system through the power of internet and blockchain only and not those printing mechanism. |
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Well, most of year has passed, and apparently this year we will not leave the earth's orbit  But the crypto world began to gain momentum again, and now we can talk about 2020 as a year in which we will conquer new heights. I also think that 2020 will be the year for the cryptocurrencies to soar high because this year is still under the bearish season of the cryptocurrency market. 2020 will be the halving year for bitcoin and that means fewer supply and more difficulty to mine which means that the price will go up because the demand will still be the same or even more. |
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Bitcoin volatility is part of the game so far because there is not so much volume even if we think it is, this is still baby volume compare to other currencies or companies and in time the volatility will slowly decrease.
I know you don't like, I didin't like it either when I first joined Bitcoin in 2013 but without volatility do you think we would have had so many investors ? I think not because this creates a lot of new opportunities for everyone, anytime they join.
Maybe in 10 years at least we will see another type of volatility for bitcoin but you're looking for stable coins maybe wait for Libra ?
Bitcoin, Ethereum and other top coins have every chance of achieving a capitalization of a trillion dollars, which will allow them to remain relatively stable and slightly reduce volatility. 5 years is the time during which cryptocurrencies can win at least a minimum of trust from people. Therefore, most likely, in the next few years, it is not worth counting on a decrease in cryptocurrency volatility. Individual cryptcurrencies cannot reach a trillion dollar market capitalization because it requires a lot of money for the people that they need to put in. It is more realistic that the overall market capitalization of cryptocurrency will reach a trillion dollar mark but even though the market reaches that kind of capitalization, the market will not become stable and the volatility will still be there because that is the reason why people are putting their money in cryptocurrency, it is because of the opportunity of volatility. |
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This is what people and the government say when they want to go against and attack cryptocurrency. It is an agreed upon fact that even before the existence of cryptocurrencies, money laundering and terrorism has always been a major crime, so cryptocurrency is not what is being used to foster these crimes. More energy should be focused on the crimes to tackle them, rather than spreading negativity on crypto.
We all know that they are existing type of crime even before the era of cryptocurrency but we need to accept also that cryptocurrency is the top most used type of currency in doing illegal activities like money laundering and terrorism because it is so easy to put your money in cryptocurrency and pass it to another person without looking suspicious. |
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