From what I've heard at this moment: Russia, Estonia, Denmark, Cambodia, China, Iran, Canada, Liberland (sic!) and many others have expressed an interest in creating their own cryptocurrencies. Venezuela's Petro - it's no surprise that they released they own crypto so soon - they have nothing to lose as the with the highest inflation in the world. Their coin, however, is nothing more than the attempt of avoiding financial and international sanctions imposed on Venezuela by USA and EU.
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It is painfully clear that global monetary policy it is now caught in a debt trap of its own making. The only question is not if, but when the house of cards will collapse. There is no easy way out of this situation - you may say that we can avert the crisis by changing the current policies - but normalising monetary policy also carries significant risks. I just hope that the next crisis will hit us hard so people would realize that FIAT world is the one they should be afraid more than cryptocurrency.
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Blame the news as usual - people are always reacting too harsh to any sign of bearish info. So it is not that surprising the bitcoin dropped at the sign of problems with Binance and technical issues at BitMEX. The recent info shared by SEC didn't help us either. We entered bullish market...
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Here is the story behind recent bitcoin bull run. Apparently, we have someone very rich who bought $344 million worth at an average of $8400 from 9 to 12 February. Meanwhile, noted cryptocurrency analyst Tom Lee, who has a $25,000 price target for bitcoin by the end of this year, has predicted a bump in its prices starting in July And this mysterious buyer doubled down on bitcoin by purchasing even more BTC. 41,000 coins this time, just before its price hit $10,000. More info here: https://www.investopedia.com/news/bitcoin-price-retreats-10k-mysterious-buyer-emerges/
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With the events of the past few days the media have had the pleasure to spit on the bitcoin again ...
Since the inception of bitcoin, nothing has ever changed in this department. Bitcoin is still some kind of emergency backup story when there is nothing else to cry about currently happening. Media will be always against bitcoin - just because BTC is against official establishment and media are owned by people who are not really keen to support BTC. If we had the support of mainstream media then BTC would already be a top global asset and the price would reach $1kk.
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It is kinda funny that people always keep in mind current drop and forget that bitcoin was worth less than $10k a month ago. At that time we all have been expecting that bitcoin might reach $10.000 but it will be difficult - and as result, we got much more. The current price of bitcoin exceeded our expectation - it is still much higher than most of you expected.
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Haven't you gotten bored to talk about this issue yet? There are too many posts about Bcash and Bitcoin in this forum and you're just getting worse and confused it for people who began to search about Bitcoin. Please be more careful when you will write a title like 'battle' .
Bitcoin Cash is a real alternative to bitcoin whenever we like it or not. The issue with it won't disappear or go away just because we won't talk about it. As much as don't like the idea of schisma and both bitcoins fighting each other - it is a real threat to the bitcoin hegemony - and I don't see the reason to not let newbies know about it too. Open discussion and information flow are better than censorship and sweeping dirt under the rug.
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Will BCH hit $2000? Or will it crash back down to the $500 mark next week?
There is no one who will tell you exactly what will happen here. That is why you should not panic - when in doubt while crypto market is crumbling one is certain: this is the best moment to buy BTC, I am not sure about BCH at all as this is something new but with hindsight, I know that there is no need to worry about BTC. Bitcoin has gone through a lot a current bearish market is nothing to worry about. Just HODL.
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no, i am not want to get blamed if they loss when invested in bitcoin especially with this high price, maybe i will just tell him/her what is bitcoin but not really convince them to invest
I had the same fear that people will blame me for their loss, but not anymore. I perfected my explanation and now, whenever I tell people about Bitcoin I clearly describe that NO ONE will guarantee that the price will be constantly growing. So my hands are clean and in case they would like to invest money after all I am covered. Plus, we can operate on numbers so far - but we can't predict the future.
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I no longer consider ICO as valid investment system - at this point, it is more of a gamble than anything else. Allow me to explain why - We have too many projects, too many ideas and no supervision at all. Basically, everyone can start a new ICO, bullshit his way through and deceive people with a crazy idea. Of course - if you want a fast buck and wish to sell all ICO tokens as soon as the coin will hit changes it is all fine. Just don't expect it will be a good idea every single time
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If you look back at the history of bitcoin then you will see that everytime the end of the year has been a period of great importance. We always had price surge skyrocketing in November/December - and usually, after the new year, we observed a slight decline.
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I think we should move on to another topic before we beat this one to death. This question has been answered too many times before, really. I will ask you one simple question - do you honestly think that current bitcoin's price is the final and definitive price? Of course, there is no one who will guarantee you that price will be constantly rising, but at this point in time, I can't see the reason for BTC to retreat or crash.
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I wouldn't mess with Bitcoin Gold, this altcoin is highly unstable and better suited for close testing purposes that for real-life usage. The biggest issue ATM is fact that there is no implemented replay protection, private premine of 8,000 blocks and basically we have no idea who is a developer of this coin. It would rather don't touch (in other words: dump) this altcoin now.
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I would like to disagree, contrary to popular belief of people from Bitcointalk - we are not living is a bitcoin-friendly world. When I talk to people about bitcoin I hear so many misconceptions, biased opinions or blatant lies about cryptocurrency that I assume that it would take a lot of time to change the mindset of society. For now, we are still early adopters, a minority - booming phase will be next step of bitcoin adoption, but it is hard to say when it will happen.
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There are few valid reasons why the world needs virtual currencies like bitcoin. 1. Bitcoin was introduce to us because when US economy went down all other countries jobs and currencies are affected. 2. Virtual currencies arent affected by fiat so even if a certain fiat currency is down our virtual currency (bitcoin) is not affected. 3. Virtual currency like bitcoin has no tax which the government are required for us to pay. 4. You can do fast transaction without the hassle of giving a certain person or company to much information about you.
1. Global Economy is connected - bitcoin might be sitting happy on sidetrack of it - but I assure you when we will see another global economic crisis bitcoin price will skyrocket - which means that bitcoin is affected by fiat economy - just not in the standard way we imagine. 2. Fiat crisis = bitcoin gain. 3. Do you honestly think that cryptocurrencies won't be taxed in the future? For now, it is a kinda fresh concept and government are baffled by it. I expect that soon bitcoin/cryptocurrencies will be fully legalized and certain tax regulation will be put in place. 4. In most cases you will still need to fill some information, you cannot use services without fist crating account first, right?
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I am still waiting for some official statement from Rollin, it is good to know what happened here (hacker attack) but some clarification would be great. Do people lose their deposits as a result of this attack? Will the site be ever back fully operational? Will it be sold, rebranded etc.? Is the backdoor identified and fixed/patched? Should I be worried that my data - password/email has been compromised?
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I originally thought it wasnt good for bitcoin but now I am re thinking that because of how everybody functions when these forks come around. Everybody wants the free money but what they dont realize is the rest of the
industry gets hurt and the overall image gets damaged when this happens. If I had my way I would abolish these useless forks they are a big money grab by a small group of greedy people, at least thats how it seems to me
Creating free money out of thin air is kind of an issue here. But I think that these additional strains won't survive long, it will be alway pump&dump scenario. I, too, think that there should be some kind of forkin law, for now, it seems that forking bitcoin is too easy, you can do it even if you have a dubious codebase, no real developers and no plan. Like in the case of Bitcoin Gold - this coin is so amateurish that is is even painful to watch how people will be dumping it like crazy soon.
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What bothers me the most is fact that newbies baited by fake services like that will be spreading rumours that Bitcoin is a scam. Most of Bitcoin scams can be identified by googling the name of the site/service and debunked in 20 seconds. It doesn't take much time and effort to browse search history read the comments and think for yourself for once.
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If you're thinking history repeat itself that the price might crash like few years ago. I don't think it will happen again, btc is more popular now compared before. The number of user and investor has already grown up and keep on growing day by day.
Of which crash you are talking about? The crash of 2013 where we have crazy bubble caused by bot trading and speculative Chinese market with crazy margin trading? This is not gonna happen again - if we will have next crash it will be either caused by legal issues - some kind of ban, or hard regulation on cryptocurrency. Bad news - for example, another big exchange hack/crash or other bitcoin satellite service fail.
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