We know cryptocurrency is everything is possible. There is a lot of coin before who the volume is very low and look now the volume now is very high because they are now popular and also the value start increasing higher and higher in the last few years and for sure there is a coin who have low volume can increase but it takes time and patient to see the volume from low to higher.
It is very rare to spot on a low volume cryptocurrency and buy a lot of that cryptocurrency and hold it for long term and turns out it is a hidden gem. Most of the cryptocurrency that has a low volume and got higher in terms of volume are just result of the manipulation of the whales and because of that hype, the other traders join the hype but before they profit a lot, the whales are already out from that hype.
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It is true that there is a lot of altcoins in the cryptocurrency market that are useless or so called shitcoins. It is like the penny stocks in the stock market and even though they are useless for someone, it is an opportunity for other people because they can make quick bucks by just trading those shitcoins. We cannot remove any coin that we don't like and the only thing that we can do is to avoid them.
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Bitcoin will not purely benefit from this achievement by the Binance. Binance is the one who is legally registered in the U.S and that means that they will get the benefits of being registered because there is a lot of people in the U.S that are trading in Binance and if there is only one coin that will get pump because of this, then it would be the BNB of Binance.
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Can i ask some advice from trading experts here, How could i trade safely and assure possible profit from my investments?
First you need to learn about trading and the best place to start is YouTube. On YouTube you can learn the basics of trading and once you learn the basics you can go ahead with intermediate trading courses - the premium courses. As a beginner now learn to HODL first! When you master trading then you can go ahead! You don't need to enroll to online trading courses because the information about trading is all over the internet and your first advice is on point because youtube is the best pace to learn a lot of stuff like trading. You can simply search the keyword trading and cryptocurrency and there will be a lot of guides and tutorials there.
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It doesn't give benefit to the cryptocurrency people because instead of giving them benefits, the KYC put them at risk. By collecting personal information and documents about the person, it put them at risk by getting their identity stolen. The people who collect the information can easily sell the identity to the black market and make a lot of money. For me, it is unnecessary to do KYC.
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This is a very good opportunity for the people who want to make a lot of money. We should put our money now to the cryptocurrencies so we can be the first one to invest before the people who are currently still in the stock market so if trade war gets worse and the people panic there and jump into cryptocurrency then we will have a lot of profit and we can use the profit to buy stocks from the stock market which are in a huge discount and wait for the market to recover and secure our profit.
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From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
This wont happen because not all people know what crypto currency is. I cant see any reason that flat currency will be elimated. In addition without internet you cannot use your crypto. Other crypto are not yet acceptable in any store where you can use it when it comes to paying bills or other stuffs. Flat currency will alwyas remain no matter what happen. Of course it will still remain in our world and to be honest, we don't need cryptocurrency to replace the fiat currency because the fiat currency is perfectly working. The fiat currency will just evolve but it will not vanish like what other people like to see because the government will not let that happen because if fiat currency will be eliminated then it is the end of the country.
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It is totally worth it to have a social media that is blockchain based because it will attract a lot of people to use it since they could potentially earn some cryptocurrency by just using that social media and they can also decide on what type of data or information they will share to that blockchain social media. I mean, it is a very huge potential type of thing to use a social media like facebook, instagram that is blockchain based where you can earn at least a beer money.
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I don't think that the scammers are only to be blame for this type of activity. I think it is also good if we will blame the people who get scammed by these scammers for not doing their job to do some research first before trusting these kind of scammers. Scammers are now smarter because of this type of technology but it is not an excuse to get left behind, we should also improve our knowledge to avoid scam like this.
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Yes, 40% for the early investors is a lot and I think that the maximum bonus for the early investors will be at 20% only. Giving too much bonus for the early investors or the investors in an ICO is a dangerous move because that means that you are giving the pioneer investors a chance to really mess up the price of your coin because they got more supplies and they can easily manipulate the market.
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I always tell this to my friends that they should not keep on trying new wallets because it is a very risky type of move since they have their money at risk. I always suggest them to just buy a ledger hardware wallet and keep their cryptocurrency there and keep their passphrase at a safe place so they don't need to worry about getting hacked or getting their money stolen.
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It is now hard to attract investors because people are now sick of the projects that are just good from the start. People now need a project that already prove itself that it is worthy to invest in. People doesn't want an all talk type of team of a cryptocurrency, they want an all work type of team that is getting the job done and providing result for them to be convinced that they should invest into that project.
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Uncontrolled rise in population can be the most harmful factor in a country's economy. My country is having a population of 1,350 million and another 20 to 25 million people are added every year. The population density has crossed 1,000 people per sq km in many of the states and a large part of the population lives in the urban slums. Unless this issue is resolved, there can never be permanent economic growth here.
Rapid growth in population can really become a not so obvious but most damaging on a country's economy. Having a lot of population in a country but if the majority is not productive then it will just suck up all the potential of a country. Each and every country should implement a mandatory family plan so they can prevent over population.
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Detecting fraud is difficult even in ICOs. Pleople gets scammed easily by creating good team profile, promising project and enticing offers during ICO. That is why investors kept away from ICOs and IEOs started existing. Just be careful and make sure to make your research before putting your money in any project.
You can detect fraud in ICOs by doing a background check from the team behind the ICO. You can search their names online so you can get some information about them. Thus, you can really tell if they are trustworthy and if they have enough credibility. Investing needs a lot of effort but it is all worth it since you can avoid the majority of frauds and get a really low-medium risk with high reward investment.
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Even though we would like to eliminate the fiat currency, we just can't do that. The governments, the whole world, just purely rely on the fiat currencies. Fiat currencies is the stable type of money and fiat will stay in our world, even we like it or not. Fiat currencies are always be the base money for us, even we invested and profited from our investments, we will always back to fiat currency.
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I don't think that a taxless society will work because the tax is the like the heart of any country since that is where they get their fund in order to make new projects and continuously progress their economy. It will be a dumb idea for any country to just turn into a taxless society since they will no longer get any money and their economy will just collapse.
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I will always be the long term investor though it is not in our favor this year but for sure in the near future, the value of BTC will come up and those who small time investors will regret they didn't follow us long term investors. I am glad that I am long investor but now, I am still waiting for the right timing. I still have enough money to buy some more. Being long term investor for me is difficult but I am hoping that it is worth it.
Most of us here are long term investor and we got rekt because last year was one of the worst year in crypto while this year there's not much recovery that we've seen. Hopefully we will get the price of our patience in the future, just like those early investors of BTC that never panic in selling their BTC despite there are times that BTC has struggled a lot, this is a challenge now for long term holder since its been almost 2 years that crypto is still bearish. With the type of market, we don't have a choice but to be a long term holder for our cryptocurrencies. Even though the prices of the cryptocurrency that I got goes uptrend, I will still choose to be a long term investor because I believed on what I invest in and probably after 5-10 years of holding, I can easily say that I can retire because of the profit that I got from being patient.
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Bitcoin can boost the country's economy or it can break a country's economy, depending on how they manage their investment. If they try trading it or don't take care of it then they could lose a fortune. Alternatively, they could get hacked by different foreign nation and lose their investment money, which could cripple their economy.
I don't think that a country will try do some trading with bitcoin since they are just diversifying their money into different investment. For sure, they will just store their money in bitcoin and keep them at a safe place and the government or a country is not a dumb to get hacked so they will probably store it in a hardware wallet.
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I don't think that the Initial offerings are overpriced because that is how the team or the company value their stock or cryptocurrency. The reason why the price of the initial offerings go down is because the people didn't see the same value that the company sees to their product. It is all about having a great research in order to find out if the company is a really good one to invest in their initial offerings so even the price goes down, you can still hold it for a long time.
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You just need avoid cashout a big amount. Make small deposits, pay bills from friends and take The money of them. Have a lot of option to avoid of the state
That is what you need to do to stay away from the alert from the exchange. As long as you withdraw in a small amount, I think they will not become suspicious, and they will not check your account. That will be a safe way to prevent something that can happen in the future. But you should not keep your money in the exchanges, especially for the big amount of money. Always withdraw your profit first and leave some amount to continue trading so you can make a profit more and more. Also to add, keeping your assets inside exchange should be avoided there's always possibilities that the site will be hack if you can have offline wallet to store your assets it's highly observe. Protecting your money and to avoid any delays from exchange once they suspected your account, you need to learn more info about how to prevent losing your investment and how to secure your money. Security is very important in the world of cryptocurrency. Since it is pure digital or online, you need to be very careful in taking care of your assets. I agree that you should have an offline wallet like a hardware wallet or paper wallet (not recommended) where you can store your cryptocurrencies and you don't need to worry anymore about getting hacked.
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