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Yes, the transaction fees are fair but sometimes it’s too much and it is depends on the exchanges site’s fee. The exchanges site must have a meeting or talk regarding the fees that they are implementing, so that there will be a specific amount of fee in a certain amount of bitcoin. Like what you said, when the bitcoin is high, the fee is high also and when the bitcoin is low, the is low also. There should be a fix price of fees for the bitcoin or any other cryptocurrency.
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Its frustrating to see such a steady stall in the crypto market post January. Seems like any price change (increase/decrease) is happening at snail pace. Any hope that this market will pick up soon in the following months?
Definitely yes, as you said the price varies, it goes up and down, probably it is just temporary. And soon after couple of weeks or months, the price of bitcoin and other cryptocurrencies will go up because it is very normal for a cryptocurrency to change its value and that's how the market flows. |
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We cannot predict or speculate if when will be the next pump of bitcoin and other cryptocurrencies. As of this moment the value of the cryptocurrencies are still fluctuating, especially the bitcoin. We just need to keep an eye in the market, check everytime the price of these cryptocurrencies and stay tuned in the crypto news.
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It will be impossible by the government to support bitcoin rather than the existing paper money that we have. It will be very hard to just take away the traditional money that we used to. Unless, they can support the bitcoin by implementing it as part of the currency, they will allow the people to use the bitcoin or any other cryptocurrency as part of their day to day transaction especially in online market.
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Internet is the best source of information about bitcoin, just keep on searching in google with reliable sources of articles about bitcoin. And also, it is pretty much easier to keep on scanning here in this forum about bitcoin discussion, there are a lot of topics that can help to improve our knowledge about bitcoin.
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It's part of the trading and investing industry, once a coin hit up in just a small period of time, there are possibilities that it will go crash down right away. Because in the market, the value of each coins are fluctuation, we cannot say that it will just stay for a good price in a long period of time, that's how the market flows. Bitcoin from the very beginning has no value since the creation of it but when time flies, the value of it risen up and in fact it turned to almost twenty thousand usd, but what happen today, suddenly crash down to five thousand usd, because the demand and the supply of it are also fluctuating. So, when you invest or trade, be ready that you'll be experiencing a big gains yet with big losses.
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It's just that your people and your government are not open to explore new technologies and they are relying on the fake news that are spreading about cryptocurrencies, they think that this is a big joke and taking a risk when they invest to it, but it's not. My country is belong to third world country and our government and the people here are very open to the innovation of technology that is happening all around the world.
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Obviously these countries gives definition of what is bitcoin for them. But to be recognized bitcoin as a part of global currency it will take a lot of time and effort, there are still countries who doesn't know about bitcoin and how it works. In line with that, we don't still need to worry because it is still a decentralized currency that no one can control it, it's just the government of each countries needs to utilize and understand what is bitcoin is all about, for us to develop and enhancing more the existence of it.
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Then that would mean Bitcoin's market dominance is only 4%! Hahaha!
Now we know why they are always so angry at Bitcoin while spreading all of Roger Ver's propaganda. They have no recourse but to accept the truth and sell all their Bitcoin Cash coins back to Bitcoin.
It will never be the bitcoin cash will be the real bitcoin because we all know that bitcoin cash was came from bitcoin that's why the price of bitcoin fluctuated because of separating from the root which is bitcoin. Roger Ver's propaganda will just be vanish and return back the bitcoin cash to bitcoin. |
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As you can see, the market is still fluctuating due to demand of the users and supply of a certain coin, but this is normal for the cryptocurrencies flow in the market, it will not be stable in a high or low price. Let's just see on the next couple of months that it will be fluctuated but too much in a low value.
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There's a chance that government will implement the new technology which is blockchain because it will have a good impact in the technology of a certain country, but nevertheless the government will still ignored the cryptocurrency especially bitcoin because we all know that this is decentralized digital currency and the function of the government is to control and maintaining their economy. Probably, there will be a possible thing that if they will adopt the blockchain, they will create their own cryptocurrency.
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I told my friends and relatives about investing and trading in crypto world. But some of them are not interested because of the extra time that you will gather for this and most of them are not into technology. But while encouraging those people around you, you must fully understand first what are these cryptocurrencies, so that they will be easy for them to understand and to join the crypto world. And also, it is easy to encourage those people who are into technology.
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We are entering an era of multiple digital currencies, and many of them will survive. Bitcoin is certain to be one of them, but it can't be number one for every factor. Where do you think Bitcoin will stay as number 1 - Store of value
- Services in addition to simple money transfer
- Convenience
- Security
- Investment/speculation
- Safe transfer speed
- Privacy
- Freedom from globalist control
- Other
We can say bitcoin is specified as easy and convenient transaction as well the simple money transfer to any online wallet that you have. It is also a decentralized cryptocurrency that has freedom from global control. Unlike in any other cryptocurrencies. That’s why bitcoin is still the nunber one cryptocurrency because of its factors and especially bitcoin has a high value compare to others. |
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