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Eight Tips Every Cryptocurrency Investor Must Know
...Did the bitcoin bubble really burst, is it too late to get started, and what are the best tips to be successful in this newly emergent investment space?
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1. Ignore the "noise"
2. Expect the unexpected
3. Avoid a bad trade or investment strategy
4. Perform your due diligence
5. Don't place all your crypto-coins in one basket
6. Opt for an alternative personal email
7. Understand the uses for both cold and hot wallets
8. Remain careful around mobile wallets
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Bitcoin: How To Build A Business In The Middle Of A Civil War
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I work in Bitcoin. Our company fights for Bitcoin. It is important to take a stand when building a company in a chaotic environment, and not back down.
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Bitcoin: 51% Net Short Increase Indicates a Bullish Bias
Bitcoin Cash: Retail trader data shows 85.2% of traders are net-long with the ratio of traders long to short at 5.77 to 1. The number of traders net-long is 0.7% lower than yesterday and 2.8% higher from last week, while the number of traders net-short is 13.2% higher than yesterday and 51.0% higher from last week.
Be sure to check out our Bitcoin Trading Guide if you're new to cryptocurrencies!
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Bitcoin Cash Price May Rise
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin Cash prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Bitcoin Cash price trend may soon reverse higher despite the fact traders remain net-long.
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Bitcoin Maximalists' Impossible Dream
Bitcoin maximalists never give up. Bitcoin’s price has crashed from over $19,000 a year ago to under $4,000 today, and there are no signs that the price is going to rise again any time soon. But maximalists don’t care. They are in this for the long haul. Their belief? Eventually, Bitcoin will replace all government-issued money. So all they have to do is HODL on to large amounts of the future world currency, and they will become the next generation of fantastically rich elites. Or so they think.
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So what would replace government-issued currency is not exactly clear. However, most Bitcoin maximalists are supporters of the version of Bitcoin that remained after the first hard fork, now known as Bitcoin Core or simply “Bitcoin” (BTC). It is also sometimes called “digital gold.” It is this version that maximalists believe will become the base unit of account for a new worldwide payments system which will eventually replace all government-issued currencies.
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Bitcoin Volatility Falls To Lowest Since Mid-November
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When will bitcoin markets break free of their current malaise?
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A measure of bitcoin volatility reached a more-than two-month low today, offering the latest evidence of the digital currency's malaise.
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The cryptocurrency's rolling 14-day volatility declined to a reading of 40, its lowest since mid-November, according to data provided by U.S. asset manager Blockforce Capital. his compared to a reading of 100 at the start of 2019 and 85 four weeks ago, additional Blockforce Capital figures reveal.
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Bitcoin's Three Biggest Problems
There are three top reasons for Bitcoin’s failure to reach the masses, according to experts and relevant reports. One of them is trust. "The biggest problem, rather ironically is trust,” says Clement Thibault, Senior Analyst at Investing.com. “Most people don't understand the digital currency and only see Bitcoin's erratic price movement. A lack of understanding coupled with wild price swings create a negative environment for adoption.”
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"Additionally, holding Bitcoin is much harder and more complicated than holding cash,” adds Thibault. “You'd need to set up a node, hold your private keys and be entirely responsible for anything that goes wrong. Most people just aren't ready for this kind of commitment and the comfort of fiat money suits them well, as imperfect as it may be."
Then there’s the difficulty of dealing with Bitcoin exchanges, and switching back and forth between Bitcoin and cash. That’s according to a recent LendEDU report in which we analyzed virtual currency-related complaints in the CFPB's Consumer Complaint Database from 2016 to 2018. The report finds a 17,000% spike in virtual currency-related complaints for the 2016-18 period, with the most common complain having to do with the timely receiving of money when it was promised (35%).
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