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In this X and we are going to talk about one of the most deciding factors of the value of its cryptocurrency

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and its community.

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If a group of currency Protech as a community it has much more potential to go up in value than a Protech

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that doesn't have a community.

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There are many reasons for that.

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When there is a community people are talking about it they are searching for their friends and more

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people are coming to the product.

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If nobody is backing up the product if there is not a community nobody believes in it nobody knows about

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it and its value can't go up.

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So I was showing you a few questions what you should ask yourself when you are researching a cryptocurrency

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First of all.

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Do they have a community at all.

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Is there any community.

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How big is it.

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And then you can find the real community on telegram Facebook Twitter Reddit and other forums.

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So you will later how you can do this in practice and this is important.

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What are people talking about inside the community and what kind of community do they really have.

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Is it like are they everybody shouting like Colombo and Bombo Lamborghini press goes to the Moon.

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Moon Moon or are they asking good questions like What do you think about the leaders.

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What do you think about this feature on this coin.

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What kind of value does this provide and this kind of questions that show that people are interested

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in the value of the protest because these kind of people in the second group are most likely going to

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hold the coin even though it goes down a little bit even though its crassest let's say 30 percent people

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still say OK this has a value.

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So I'm not going to sell my Cowens I'm going to hold them because I see there is a long term value.

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But these people who are where they will have been small when it goes up a little bit.

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They sell and the price goes down.

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So they are not long term holders.

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So they are not good for us if we are long term holders.

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So second in this kind of community is a better one.

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So let me give you a few examples why this community is so important and where it has really shown its

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power.

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Those going this are wonderful example.

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This coin has been around already for several years and they are based on this those.

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Me and many people don't see so much value in this or say OK it started as a joke but this has since

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grown well in math.

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But one big reasons why it has grown so much is because of their community.

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People say that when you come to those going community people are talking they are throwing this means

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they are coming and they are funny and it's nice to be part of that community.

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So that's why dove score has grown so dramatically.

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I'm not investing a nose cone at the moment because I don't see there so much long term value in other

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crypto currencies.

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But it's really a wonderful example how huge impact a good community can have on the price.

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And I want to show you the price tag of those gone.

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Here we are on the coin market cap that's come on these shows that those Conover's founded in into those

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14 then the value was for a long time the market cap for less than 20 million dollars.

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But recently in 2017 it has grown to hundreds of millions of U.S. dollars and it went even up to more

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than two billion dollars sat down a little bit.

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But if you invested in those going here your money would have gone up for one hundred times so let's

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say you invested $1000 kudos coding in 2015 it would have been worth more than one hundred thousand

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dollars if you invested $10000 in those code.

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It would have been more than one million dollars.

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So that's a huge power of the community that hasn't had those coin.

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Another example is Facebook and other social media sites even though they are not crypto currencies

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you can see how they see me or I fixed effects.

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For example if you remember Facebook a few years ago if somebody wasn't on Facebook people walk talking

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a why is not that said James on Facebook Why Jane is not on Facebook.

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Everybody is.

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There must be also there.

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Why are not already using Facebook.

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Right.

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And then there is this huge pool towards Facebook because everybody else is using it.

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And now there are more than 2 billion users worldwide and it's growing all the time.

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And the same happens and it can happen for potential cryptocurrency as I have seen this for many current

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cryptocurrency is thrown words.

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People are talking about it was words you must my words.

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John McAfee is talking about it.

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Then they buy it.

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Price goes up and that will happen.

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Also withdrawn.

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Everybody was talking about it there was always winning the polls and then the price was very fast up.

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It has gone also down after that.

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But the huge community has had an impact on the price for sure.

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And that's sometimes interesting that even though there may be a cryptocurrency with the Pead better

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technology and everything.

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But if there is not a strong committee the price can go up.

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But let's say if there are a few big famous people promoting the coin and there is a huge community

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the price can go up wearing Motz even though there wouldn't be value.

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One great example was bitcoin it completely like Cheney Protech nobody trustable person they didn't

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believe in it.

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But then there were a few promoters.

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There was a big community and the price went up until people realized it's not a good thing and they

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needed to close it and then it shoots down.

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But the community is the important thing.

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Cryptocurrency have this strong network ethic.

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Let me show you how you can find a community.

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As always Google is our friend again.

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So you can simplify it.

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For example Ripl community on Google and it will show you lots this unofficial Reaper forum.

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It will so it read it another repro forum Bitcoin talk forum about people and many other then of course

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if you want to find specific you can search for ripple in Twitter ripple in Reddit or wherever you want.

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That's how you find a community.

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I'm also part of this community on Facebook you can see ripple ninjas ripple Xserve be speculators and

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investors are also part of another huge cryptocurrency community on Facebook which is called Bitcoin

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and cryptocurrency will be the biggest bitcoin on cryptocurrency community on Facebook.

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They have more than 550000 members already and then another way to find a community is you can go to

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call and market cap and here below social You will find their Twitter group the Reddit community and

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many cryptocurrency also list their community on their website.

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Here I am on the website and they immediately show telegram and Twitter on their first page.

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And most of the time when you scroll down the page is there so all their social media accounts and communities

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and I highly recommend that you become part of the community.

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The two are interesting because we'll see what people are talking you are in the insider group and you

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get more information about it.

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Here is for example the crew Instagram YouTube Twitter telegram Reddit Facebook and other social media

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accounts where you can follow their community.

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So that is how you find a community and how you get become a part of it.

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And then you can evaluate it and do make your own decisions.