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1521  Economy / Speculation / Re: Is Bitcoin STILL Good Investment? (Think Again) on: November 22, 2019, 09:12:39 PM
If you will doubt if Bitcoin is good investment every time when the price goes down then it's better not to deal with it at all. Expecting that you will only make profit and never face loss it's not realistic and beleiveing that because of that Bitcoin is bad investment isn't rational.
There isn't any type of investment that will bring you only profit all the time. That doesn't exist, what comes up must come down, sooner or later.
1522  Economy / Speculation / Re: trump is the cause of drop prices bitcoin on: November 22, 2019, 07:11:43 PM
Are you serious? You really think that Trump can influence the Bitcoin price? Get real, that makes no.sense.
It's just another conspiracy theory that Bitcoin users seems to love so much but there isn't any connection between Trump's statements on Twitter or elswhere and Bitcoin price moving in positive or negative way.
1523  Economy / Speculation / Re: No need to PANIC! on: November 22, 2019, 02:46:36 PM
This has been said here thousand of time, don't panic and don't sell every time when price goes down. However, the same story happens every time and I guess people will never learn.
For me this is just another price correction that didn't surprise me but I don't think that price will go below 6000$ or even lower. Just buy more coins, that is my advice.
1524  Bitcoin / Mycelium / Re: Bitcoins and addresses lost in reloading account on: November 22, 2019, 01:27:21 PM
That feature is still not working. Addresses that I have in wallet are not showing and I can't pick them from the menue but when I try to enter them again it says they already exist. It seems they can't fix the problem.

Btw.does anyone has problem with endless sync on.Mycelium? After a last update this morning my wallet is constantly syncing and I can't use it at all.
1525  Bitcoin / Bitcoin Discussion / Re: What will happen after cryptocurrency on: November 22, 2019, 09:20:25 AM
What will happen after cryptocurrencies? Who knows that and who can tell how long will they last so when this " after" will come. To my opinion cryptocurrencies could only be replaced by more advantced technology but I don't think this is going to happen any time soon. Cryptocurrencies are actually only at the begininig and they still have a long way to grow and develope.
1526  Economy / Speculation / Re: Never below 10K again... well that didn't stick - Food for thought on: November 21, 2019, 09:06:21 PM
Never say never and when it comes to Bitcoin nothing is impossibe. We can never say what is the lowest or the highest level that Bitcoin price can go to.
Now it's around 7500$ but doesn't mean it can't go lower. 10000$ isn't some kind of magic boundary that can't be crossed and both ways.
1527  Economy / Economics / Re: Central Bank: If The Entire System Collapses, Gold Will Be Needed To Start Over on: November 21, 2019, 06:47:06 PM
Gold always had a value for human kind and that probably will never change. However, in the digital era it's oldfashioned and as far as I.know countries don't back up their national currencies in gold anymore. That is why remains unclear how could gold help to start over. Maybe for individuals but not for economy and financial systems in general.
1528  Bitcoin / Bitcoin Discussion / Re: Preparing for a recession... Gold or Bitcoin? on: November 20, 2019, 03:03:18 PM
It's always good decision to diversify your funds and same applies for possible recession.
To be ensured as much as possible I would split funds into Bitcoin, gold but fiat too. Stable currencies will not collapse just like that and over night so it's good to cover all combinations and to stay flexible enough to switch if necessary.
1529  Bitcoin / Bitcoin Discussion / Re: Millennials Increasingly Prefer Bitcoin to Gold or Real Estate on: November 20, 2019, 10:46:13 AM
Nothing that would be surprising. Millennials are generation that grew in digital era and they are very close to new technologies and digitization, they are natural to them and gold and real estate are part of physical not virtual world, that is why they are not so close to them. Also, they accept risk easier than older generations and don't have prejudice.
1530  Economy / Economics / Re: Bitcoin using or need! Vs stable coins on: November 19, 2019, 08:55:43 PM
Trading is based on Bitcoin volatility. If it wasn't that feature there will be also no trading, volatility is the reason why traders make profit.
On the other hand that is not good stability of economic or financial system. Imagine how would look like if you were paid in voalatile currency or if economy would depend on volatile coins, that is not good for prosperity. That is why we need stable coins and why Bitcoin will not become mainstream currency.
1531  Economy / Speculation / Re: Is the halving a catalyst for a Bitcoin price bubble? on: November 19, 2019, 06:13:48 PM
Personally I don't believe that price bubble will happen after halving or that halving will bring some bigger changes in the market. Many expect to see big price pump but I don't think this will happen. Price will not rise fast and in bigger range, I expect more moderate prise rise.
1532  Economy / Economics / Re: Bitcoin Whales Are Selling BTC Before Market Crash: Peter Schiff on: November 19, 2019, 02:25:07 PM
Again another suspicious Bitcoin expert and another conspiracy theory and theory about whales.
I think that some people are just trying to find their five minutes of glory and get attention for their own interests. I wouldn't take this prediction seriously and definetely wouldn't react with selling, that wouldn't be a good idea.
1533  Economy / Speculation / Re: Here’s Why Bitcoin Just Dropped Nearly 4% on: November 19, 2019, 10:33:11 AM
It's just the usual drop before the end of the year. Google launching any kind of "banking" product does not really have an effect on Bitcoin, from what I've read about it, it's just an Apple Card competitor, nothing less, nothing more. Not to mention that it's just "announced" there's still a long way. Until it's released.

These are all speculations and guessing but actualy there is no proof of pattern of Bitcoin price behaviour at the end of the year. Some claim the price always falls and some that always rises at the end of the year but I would tell there are no other market rules or conditions that are different for end of the year compared to the rest of it.
Also, Google doesn't influence the price of Bitcoin, there is no connection.
1534  Bitcoin / Bitcoin Discussion / Re: An investor lost $24 million worth of bitcoin on: November 18, 2019, 08:50:06 PM
Sometimes people accept more risk than they can take, make wrong decisions and overestimate their limits and possibilities, sometimes they are just reckless and don't know or don't care enough about safety and security. Such loss is bery expensive but also very efficient school if the lesson is learned.
1535  Economy / Trading Discussion / Re: How to control your emotions while trading?👨🏼‍💻 on: November 18, 2019, 07:32:37 PM
Maybe it sounds strange but you get used with time not to react on every negative price movement and potential loss. You learn how to asses and accept the risk and what are your limits. That comes with experience and you become aware that too much emotions you don't control brings you too much stress and potential bad decisions.
But emotion control comes with time unless you are naturaly ice cold.
1536  Economy / Economics / Re: The future of banking industry in blockchain on: November 18, 2019, 06:18:16 PM
As far as I know banks are testing blockchain technology for a while. If they decide to implement it that will be a big progress and benefit for clients and it contribute to better transparency and more confidence into banking system. But that still doesn't mean that banks will embrace cryptocurrencies too.
1537  Economy / Speculation / Re: Bitcoin Halving Price Prediction $55,000 - $130,000 on: November 18, 2019, 02:09:13 PM
But the $20000 Bitcoins happened 1.5 years after halving. One and half year is a lot of time.If price changed a bit a week latter it was far from $20000.  Problem I see people are making FOMO about halving and dont even mention this fact. Noobs then believe 2019 will be new 2017. I hope there are not that many that believe this will happen in short 6 weeks.
Everyone is looking for a pump and so is the reason everyone is having their charts and prediction but none of these will be far from the truth, every market will rise eventually but you cannot expect that to happen every couple of years, many countries are planning to regulate the market and who know what all restrictions we will be facing in the future, i hope the market will rally once again but i am not expecting the steep rise we had in 2017.

Oh come on, are you basically saying China will ban Bitcoin again ?  Cheesy I'm way more curious how the internet shutdown of Iran might affect all Bitcoin enthusiasts in that country.

No, China will not ban Bitcoin  no matter what some say and the situation in Iran might get complicated although I beleive that Bitcoin enthusiasts will find their way.
Regarding the price rise expectations are not real and far exaggerated as always but it's nice to see that people are optimists. However, many of them will end in bitter disappointment.
1538  Other / Beginners & Help / Re: How do people decide to create Cryptocurrencies? on: November 18, 2019, 10:51:53 AM
I guess many of those who decided to create a new coin dream to achieve the same success as Bitcoin or even bigger. Profit is definetely the biggest motive but there is no guarantee that new coin will be successful so there is always risk of failure.
Look.just how many ICO's have failed so think twice before you decide to go to adventure of creating a new crypto.
1539  Bitcoin / Bitcoin Discussion / Re: Would it be possible to use Cryptocurrencies in China? on: November 17, 2019, 07:47:51 PM
The information you got is misleading. China didn't really banned holding cryptocurrency...
But why does some countries ban crypto? Maybe because the government see it as a threat to fiat currency... As for China's current status on blockchain, there's a big possibility that they will use cryptocurrency. But not those existing currency, they will probably create their own currency, specifically for China that are being controlled by their government.

They will not expose the trend cryptocurrencies. chinese government is wiser than us so we can expect this things to happen that other crypto coins are not supported by them but it won't banned crypto because their own coin will be useful for them at the right time. I am hoping that china's move will be the step of other country to support cryptocurrencies and make it usable for everyone.
it is true that the government has not given a restrict on the use of cryptocurrency but currently in China I think this is still a bit of a problem and fear when using bitcoin or other cryptocurrency when making transactions, even though there are still people who still accept cryptocurrency as a payment that can be done in his shop.

I don't think that this fear is present in some larger extend. China isn't example of country of freedom so people there are used to different restrictions. However, government didn't implement ban on Bitcoin or any other cryptocurrency so I guess there isn't problem to use them.
1540  Economy / Trading Discussion / Re: Why Newbie Traders Lose money? | Risk Management Basics on: November 17, 2019, 05:46:27 PM
We've all gone through newbie phase and made mistakes. Important thing is to learn from that and not repeat it. But losses are inevitable and sooner or later we all face it, even in experienced phase.
However, it's important to know how to deal with that and to know where are your limits.
Combined with lack of experience and knowledge plus strong desire to get rich over night makes newbie traders vulnerable. So, important lesson to learn is how to deal with risk and to be aware of it all the time.
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