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As long as i reached my target profit.
I bought bitcoin at the price of 3253$ once and regretted it last year. The thing was i sold it in 5871$ not knowing i can quadruple my money at the end of the year if i did not sold it carelessly, well it was a profit after all but what was i thinking. I do not need money at that time, i have food allowance and remaining salary still. Hmmmm
So as for now i have a target profit if bitcoin will reach it then i will sell it
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Honestly, I think bitcoins are valuable but it will be valuable in the future . Bitcoins are not valuable now, for real
bitcoins are not valuable now? lololol think again buddy, 6567$ is not valuable? anyways, bitcoin is valuable because people think it is valuable for example a fiat money (same as bitcoin), a child prefers a toy over money because they think that the toy is more valuable than money the same for fiat and bitcoin, if people think that bitcoin is valuable then it will be valuable another good example are stone gems, golds, diamonds silver and such |
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I will not panic sell if the price went down lol but i will take it as a chance to buy instead. I bought 0.4 bitcoin when the price when it was dipped to 5898$ so instead of panic selling, i do panic buying instead lolol
I still believe on bitcoin, this cryptocurrency never failed to give me profit from just holding it
So better gather up bitcoin if you have the chance to
Cheers!
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They see cyrpto as threat because they cant control it And it gives everyone a fair chance, anyone can invest as long as they have the capability.
If they can not control it does not mean it is a threat already the reason maybe Banks depend on statutory and governing laws. and countries as of today have not yet developed or passed any specific legislation to the cryptocurrencies. So the thing is it should be legalized first. Why would banks accept unapproved currency anyways. So if the government made it legal then there is nothing to be scared of |
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Post update: July 9, 2018
After few days bitcoin is starting to crawl up again from 6,500$ to 6,700$ this is a baby step for bitcoin but dozens lf steps like this will help bitcoin to go up again
The month of june alone, many countries have been reported that they legalized bitcoin and has been implemented as n alternative payment in some of the establishment, another good news for bitcoin
The same with other alt established alt coins
It might go down but it will go up either. Cheers!
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good analysis, it is absolutely a high risk investment, and as such can make you rich or poor.. in seconds  In a seconds? Lol seems like it is exaggerated or it is just that you do not understand a thing about bitcoin and other alt coins In mere seconds prices do change but it is not profitable, unless you hold thousands of the said coins It is risky of course but not to the point that you will be rich or poor in mere seconds. Hahaha you made me laugh |
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People, government and investors are scared in things that they do not know or they have little knowledge about it
If these people and banks will be enlightened then things will surely change, they will start to consider implementing and introducing bitcoin and other currencies to the public
One more thing is they might know about bitcoin and alt coins but they do not care at all
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Cryptocurrencies will not kill cash in near future. Don't forget that there are still billions of people without of internet and computers. Cash is still the only trustable solution for them. But long term maybe it will be possible.
Definitely cryptocurrency will not kill fiat, because the concept of bitcoins and alt coins are to be an alternative payment for fiat so let us just say that they will come hand in hand Those people who will be going to pay fiat then all good, those people who are going to pay with bitcoin then all good also I got this idea from one of the company of japan who pays their employees with either bitcoin or fiat |
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This is why I have chosen bounty campains and ICO investment over bitcoin mining. The difficulty level is now very high, and it greatly consumes electricity.
Well there are risks also in bounty campaigns and ICO investments. It is just the intensity of the risk, but i think bitcoin mining is still quite profitable in some countries,probably because of the low electricity cost. What you said about ICO investment is quite risky also. There is always this question. "what if he project will fail, my investment will surely be gone too" |
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Surely mining is costly but worth a shot, if you ever plan on mining a bitcoin then better do a bsckground check and feasibility study of your proposed project
For sure that if the electricity fees and rigs are cheaper than other nearby countries then it is really worth a shot and you might get back your capital/investment as soon as possible. Mining is not for everybody but for those who want to do it then better start doing your own research now
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it can beat bitcoin, bitcoin has market gone down,because buyers are buying less bitcoin, they are checking other bitcoins, which is good and highest price.
Take a good luck at bitcoin, it still remains on the top despite of allegations that bitcoin is dead, scam or anything Check cryptomarketcap and study bitcoin Overall performance bitcoin still is number one but i can not deny the fact that etherium is one hell of a good coin and it beats bitcoin's transaction Time will come, not now( i do not know when or if it will happen), that bitcoin will be overtaken by an alt currency |
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It takes a lot of time, effort of the government and hospitals, regulation of the currency or bitcoin and acceptance of the citizens
As i mentioned the following the hardest part here is the regulation of bitcoin, it will surely take years or even decades for the bitcoin to be regulated and things might change in the future so who knows. Not just in hospitals but in any other establishments
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Without any vaild basis or argument this statement is invalid or should i say hoax
You should at least post a link about it, a statement that will let the reader believe you or a news about this one
But then again i believe that bitcoin will skyrocket again this following months it is because of what i read on my news feeds and bitcoin news
Well there are things you can say that this might happen
1. Thailand and other countries accepted bitcoin
2. Growing number of investors
3. Social medias lifting the ban of btc and alt coin ads
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Some of the asian countries(their establishments) are slowly accepting bitcoin as an alternative payment for fiat and thailand government did it. This is a good news to the cryptocurrency world.
This means that the more support the cryptocurrencies get then the more they will grow because of the demand of cryptoc coins most especially bitcoin
This will be a good news for everybody. Potentially the market will grow more and more . Cheers to all of us!
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Definitely, this is true. Cryptocurrency is for people who take the risk. Investors and users should be aware that the crypto value varies depending on the movement of the market.
As for me this is half right, i would rather say decisions bear risks may it be investors, miners, gamblers even normal citizens It is just differentiated by the intensity of risk I would rather say that cryptocurrency is for the risk takers who are willing to invest And there are many ways to interpret it This is a one tricky question lol |
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There was this issue in been in news in my country about how money launderers do their transactions, they use bitcoin as their mode of money
And the government investigated about it. After that the government made its news and raised awareness through seminars and public demonstrations
Because of bitcoin's anonimity of transactions it is pretty handy to use that for money laundering
You see there is a dark side of bitcoin
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Well this trading platforms are currently on investigation (according to news) there are some anomalies at those trading platforms so the indian government decided to ban it temporarily or the better word is to restrict indians to trade on cryptocurrencies for a while
Meanwhile the locals are strongly supporting bitcoin and alt coin tradings because of it's effeciency and profitability
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Naah not really, they are doing the same instead
And if ever this is the case then a bad news for everybody
As we all know china ever since has been one of the coutries that supports bitcoin but because of hoax (fake news) the government seems became less interested in bitcoin and other currencies
I believe that china government does not really plan to close bitcoin mining (all of it) but rather close mining sites that are illegal
You see bitcoin mining can be taxed now
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There are many instances where bitcoin can be replaced by something better
You see bitcoin have a nation of investors, forces of miners, thousands of developers and tons of advertisers
So that means that if those investors, miners, developers and advertisers went to another coin at ONCE
Bitcoin will start to decline. The thing that supports bitcoin is the supporters and no other more
If people will see that bitcoin has no value anymore it will fall back and obviously some other coin will replace it
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Bitcoin is highly volatile in nature so it is a rare scenario to hit the bitcoin's price through prediction
But if i were to predict and say my opinion, i think that bitcoin is going to start climbing up this september, then october it will continue to rise up until november and last week of december will be the peak of bitcoin's price this year and will start to decline again january next year
I based it on last year's scenario
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