Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains. The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03. Link: Bitcoin surge: multiple factors contributing to the rally?What factors make Bitcoin rise again? Will it continue to rise? There were so many factors that will help bitcoin to rise again like its popularity. Since bitcoin is already known all over the world, no wonder if many people wants to trade and invest. Bitcoin will rise if many people or if there were so many traders and investor whenever to gain profit or not. It surely affect the rising and falling of bitcoin. Bitcoin attracts more investors |
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a few days ago, news about bitcoin was very good, some say bitcoin will work with credit card for payment, what I ask is, will bitcoin price go up again?
Of course it will , maybe not now but soon. We just have to wait patiently . Better days are coming guys never feel hopeless. Bitcoin price is unstable and unpredictable but we know someday that it will rise and it will give more opportunities to us and to others. |
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I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?
Tell him that investing bitcoin is better than bank, its because you can control your own money. You can get a higher profit with a short period of time. You can double your investment in bitcoin so easily. Well it depends on you , if you have enough knowledge in bitcoin then its easy for you to invest. |
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hello experts,
Is it more profitable to Hold BTCBTC or buying a lower price and selling at higher?
Thanks,
Its more profitable to hold than to sell when the price is not good, but its more risky. It depends on you on how you handle a situation like that. But it would be best if you buy coin for the lower price then hold it for the mean time and sell it when the price rises so that you earn a bigger profit. Doing those three mames your investing successful. |
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My father is anxious pertaining to the fall and rise in bitcoin price. He has four(4) btc and he is afraid to hodl. He wants to sell at a lower rate. Any advice for him?
Tell him to hold it for now , since the price isnt that good. And ask him not to worry about it. Bitcoin price is so unpredictable so if he hold it for the mean time theres a chance that he can get a higher profit in the future. |
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After surfing through the good side of BItcoin I was asked to give reasons why bitcoin won't last by a friend I searched through the web and found the following
1: Exposure to Bitcoin-Specific Scams and Fraud.
2: Black Market Activity May Damage Reputation and Usefulness.
3: Susceptible to High Price Volatility.
4: No Chargebacks or Refunds.
5: Potential to Be Replaced by Superior Cryptocurrency.
6:Environmental Ills of Bitcoin Mining.
7: Bitcoins Are Not Widely Accepted.
8: Wallets Can Be Lost.
9: Risk of Unknown Technical Flaws
10: No Physical Form
Guess what non of those mentioned above was big enough to discourage my friend from joining Cryptocurrency (buying bitcoin).
Which of the following disadvantages are you afraid of and how do you think it can be resolved
The 5th one. Well nothing remains as it is because there is always be a changes. Its possible for us to be replaced. Just like other people said nothing lasts forever. Probably sooner theres a new cryptocurrency that will bring bitcoin down and we cant do anything about it. |
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Safety can not come to the bitcoin investor. Nothing and absolutely safe. Everything has its own risk, its danger. No one knows what tomorrow will be like. Only know that if we do nothing then there is no danger nor money
riskrisk
When it comes to investment it is always connected with the word risk. Well nothing is safe but if you have enough knowledge its easy to you to overcome the problems in investing. We all know that hacking is prawn . But always remember that risk sometimes fall into sucessful life |
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I think a lot of people around us has told us that Bitcoin is a FAD or a SCAM or a Ponzi scheme. Some of our closest relatives have told us to SELL before the BUBBLE will burst. {guess we hear that enough?} The media is telling everyone that Bitcoin is the tool of criminals and terrorists and child pornographers and paedophiles. Most of these people are not invested in Bitcoin, but it looks like they are looking for reasons to attack it. How many of you want to prove them wrong? I sometimes look at these people and I think... WTF are you on about? I seldom bring up the subject anymore, because everything coming out of their mouths are negative. The only time when they are interested, is when the price hits a all time high. Then they want advice to invest in Bitcoin and when they buy at the ATH, and the price drop with 10%, then they panic sell....lose money....blame Bitcoin. I am sooooo sick of this. I hope we can finally prove them wrong in the near future, because this is definitely getting under my skin now.  We cant blame them guys , maybe they just hear it from someone who is lack of knowledge as well about bitcoin. I know some of us became a victim of scam but we took that mistake as a lesson. We can prove them by just simply saying that many people around the world are currently using bitcoin to earn money , there are positive feedbacks. We need to help them by simply telling them some information about bitcoin. |
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I had a small scale investment on bitcoin and i invested on it when the market price is 30% higher. I never thought that market is going to fall down which results to the loss of some of my money if i will sell my bitcoin holdings now. Seeing the market price i consider it as a damage which is 30%. Well if i may ask you do you feel any damage right now? I wanna know who are those people who are investing prior to the market price fall down?
Bitcoin didnt make any damage to me since I didint lose money. Well its a part of investing guys, sometimes we fail sometimes we success. Sometimes we get a higher profit and sometimes were not. That damage will make you realize your mistakes it will give you a lesson. |
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A lot of posts are about bitcoin (eg bitcoin for illegal transactions ... bitcoins change lives ... bitcoin destroys the world ... bitcoin poison and so on) but basically it's all humans that move .. bitcoin is the tool. Good bad how the tool is how the man who runs. is it worth blaming bitcoin. What is your opinion?
I agree with that . Well bitcoin is really useful and helpful to us ,but there is some people who use it in a bad way . So in other way , we cant blame bitcoin about that. Our role is that we are the ones who will drive the bitcoin it actually depends on us if we use it in a right or in a wrong way. |
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all we can do is set up an two factor authenticator and other security purpose things dont bother for a little hard to log in that is for your own safety.
Never forget to put your coins in wallet for your security. People nowadays can easily hack our account . Dont trust anyone. Never ever share some private information of yours even you consider someone as your friend. |
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If I invest money that I do not mind losing, why not.
Not very clever those who take loans to buy cryptocurrency or sell their homes to buy Bitcoin.
Nothing is eternal.
Bitcoin users are not fool. Well I can say thay Im fool if I choose not to invest in bitcoin why? Because bitcoin give so many opportunities to us. It gives work to those unemployed , It decreases the number of unemployed people. I can say that bitcoin investors are more clever than people who only know is to judge. |
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No matter who it is, he brings us bitcoin and blockchain technology. For humans, it is a very good technology. Thank you!!  Satoshi Nakamoto remains anonymous. As far as I know no one knows his real identity , but they say Satoshi Nakamoto is a group of people who share their different ideas to form or develop bitcoin. Lets thank him/her because he/they are able to develop this helpful thing , the bitcoin. |
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I do believe that price volatility and legal status as the main concern for anyone to think of their involvement in Bitcoin and other cryptocurrencies. I don't think that there is any other issue like technology or user-friendliness. The lack of awareness is one of the major reasons for the people not to get involved with Bitcoin because they believe the media stories without doing their own research and trying to understand what Bitcoin and blockchain technology is all about and how it works.
There are many factors that scare others from investing into bitcoin like the scamming issue. They thought that when they invest in bitcoin their money will be wasted because of scam , and also the security. |
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See why bitcoin is prohibited
if it is prohibited for reasons that could harm the country
then I will abide by the rules of government, but if bitcoin benefit the country but bitcoin is prohibited I clearly disagree
Maybe there's a valid reason why bitcoin is prohibited in your country. You need to know that reason . But ofcourse you can still make transaction with others. |
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Well personally, I advise you to invest in Socratus this new and rapidly growing enterprise that does not deceive but at first I thought that the ransome swindlers and then made sure that the ochent is a good project
Never ever trust anyone when it comes to your password or private information. Dont hesitate to hold because sometimes it definitely worth it. Have more patience. |
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Having one makes you feel like a newly-crowned king ready for his throne and lux.
Having one BTC means you currently have 6500$. That's not even half of he yearly minimum wage in the US, and barely 10 average monthly wages in the poorest country in the EU (Bulgaria). So, I don't know how a Bitcoin can make you feel like a King. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing.
So, to eat, drink pay for rent or utilities you will have to slowly start selling those coins. How long will it last since you're not working and earning anything? Of course, it's a damn stupid idea!!! And if you call yourself a hodler is even more stupid as you're using right now coins that you believe they are going up in price for sure. Will bitcoin be able to eclipse the existence of national currencies in the near future?
Near future? No! No , because they give opportunities to people especially for those people who dont have job. Bitcoin is highly volatile, many people quit their jobs just to invest here. |
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