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with 3BTC, El Salvador government will give the company permanent residence. this is really a sweet deal and i'm not sure about the tax there but it still going to be a good place to start with since it almost the center of Bitcoin in Central America and the beaches are also great and the people already are aware of Bitcoin. or consider the cost of living if you have fewer funds. For me the deal isn't sweet enough plus there's risk that your business won't succeed in that place but at the same time if you are successful you will reap the benefits of being a pioneer. Maybe if they put more on the table sweeten the deal, I would consider recommending it.
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I wouldn't hold on to that prediction because there's just too much going on with bitcoin right now and we haven't even broken the 65k barrier let alone 100k, maybe if bitcoin were to reach 100k this year, probably I would have my faith that it will go to 350k increase but right now, this is just a hype but I am not saying that it won't go up, I believe it will but not within a year.
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I still have doubts about El Salvador but I wouldn't cross them off the list for a good place for start ups. Maybe Japan or South Korea could be of your interest but the problem is the language barrier between you and the locals. Maybe Philippines or African countries might do the work for you.
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No it's not, the taxes that the money launderers are evading is just far too big to let it pass by. Plus it also contributes to the global problem of financial crimes, look at Panama Papers. This bill that Bangladesh is planning to implement is going to be a toleration of money laundering and it will stimulate money launderers around the world.
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Wow, that's a question worth pondering upon our inner selves. The sad thing about this though is that we don't know exactly the answer to this until we ask ourselves because we grew up in a dog eat dog world, you have to step on some people to get through the top not knowing that it's the same thing that our ancestors did but with bitcoin, I think we will have different answer to that question.
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Investors and hedge fund managers that are bearish on Bitcoin and speak against it on television are one thing. But bears on an online forum? Their negative effect on the Bitcoin market is as minuscule as some crazy homeless dude in Wall Street screaming that the stock markets is going to crash. I like the way that you put it like they are just some vagrant in the streets, even though they are a vagrant shouting nonsense, the panic they cause is still enough for newbies to panic sell though. I can get behind that but the problem is when the whales that are doing it.
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Depends on where you live, certain places do not have capital gains tax which wouldn't eat into your profits.
I don't see the point of HODLing it. If everyone adopts that mindset, then Bitcoin simply wouldn't grow in the long term. How can you justify it as a currency if the value arises from its potential to supplement or otherwise replace the financial systems?
From where I live, it's a paradise for cryptocurrencies because there's no taxes involved and we are free to do anything that we want to do with it and no raised eyebrows. The point of hodling is that you can sell it at some point and it will be on your favor when you sell it unlike actively trading where there's a chance that you will lose your investments.
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Any news involving the clown Musk have zero interest for me. The guy is only a manipulator narcissistic dude, his interests for me to get rich are zero as well so why should I care. I'm not that stupid to follow like the sheep. Next!
Well at some degree you cared enough because you expressed your disdain towards Elon and his tomfoolery. I have to agree with you though but sometimes, it's useful to be in the know with what this guy is doing because you can use it to somewhat predict what's going to happen next.
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Definitely but it is a pretty rare occasion in my country so there's not much going on plus I only do it with big transactions because I think that it is wasteful to spend it on small things like food or drinks or clothing. Hopefully we can arrive to that point where it's not wasteful to spend bitcoin on small things that I have mentioned before.
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I think that we will see another ATH before this year ends, I think that with 6 months or so left, bitcoin can still do something miraculous and get another ATH or probably two more ATH. I always believe that when bitcoin is constantly on the low, the price will rally real high kind of like an arrow being pulled back.
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20% invested in crypto is still a good thing and I think that's worth the wait for many crypto users for Germany to invest in crypto, I am not trying to jinx anything but the prices bitcoin and other cryptocurrencies will definitely go up this month.
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do you really think about it? Seems too much in my opinion mate. And 11k is like another massive decline in the market if bitcoin fall down to that price. Just imagine from 30k above to that price which is 11k what a big difference. For me as long bitcoin still showing strong support it will never go dip wherein it will keep holding until market become fine. That's why I said that I was eyeballing it meaning that I am not entirely sure and I was just being observant, and of course it is an opinion. Well, the price were 60k back in March but it was almost half of that now and you are saying that it's impossible this time around?
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This question has been asked in this forum for about a dozen times already and I think the answer will still be the same for me, if you have a strong foundation on knowledge and experience in trading, you will be able to make a profit out of bitcoin. Also OP, you need to move this topic to Trading Discussion because that's the appropriate place to discuss it.
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The prices really did go below 30k but it quickly got back to 30k, I am congratulating those that have both at around that price point and have profited a lot when the prices has gone back up.
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I'm just eyeballing here but I think around 11k is probably the lowest that that bitcoin go this year if it stabilizes for about 3 more months and then it goes down, 11k is probably the lowest and then the prices will bounce back a little and then stabilize again.
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Also because they think just because they think the cycle repeats in the same pattern and that they got the right call. Cycles have happened and they have been similar but never exactly the same,,, so far if you are patient enough the patterns hold but you can never really predict when the performance matches the past.
And again,,, we cannot guarantee the cycle repeats.
At the least you can still predict it a bit even though the time that it happens isn't similar. I think that if you in some way knows what's going to happen next, you will still at the least have a point of reference that you can use.
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Everyone is counting on $100k, so it will probably happen!
Just because everyone thinks about it doesn't mean that the thought will translate into a reality, remember that we haven't even broke the 70k resistance and we are on a long way to go from doing that with the prices half the ATH right now. Now I'm not saying that it won't happen but it will probably take a long time for it to happen and if it happens much faster than I expected then I will happily eat the words that I have said about the prices not being able to go up to 100k USD in such a short time.
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The consequences of China have been like a blow to the BTC market and the value has dropped significantly compared to the past month, but accompanied by good news that has made BTC value better but BTC has suffered a great deal. to a big country like China because China is a big country and they are a sizable BTC holding whale and they control the whole BTC market. If there is no bad news like now, I believe BTC will return to the area of about 38k$-40k$ this July.
Don't worry about China anymore, if they do crack down on mining, so what? It's not like the mines in China can't be replaced or anything like that, their ban on crypto mining doesn't have any long-term effect on the market. July isn't promising that much since there's not a lot of big good news this last few days of June so we might just wait and see what's going to happen next for bitcoin.
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How do we know that it's the winter for bitcoin though? I mean the prices did go half of the ATH, probably this is the winter that they were talking about. To everyone who have doubts with what's going to be for you when this supposed winter, try to do a stop loss if you can if you are on short-term or prepare some money if you are on a long-term so you can buy bitcoin at a cheaper price.
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I think that it is a good investment, you might want to get in before the prices starts to go back up again, remember that with this pandemic, a lot of people are finding ways to make money online and bitcoin being one of the many ways to make money online, a lot of people are going to try it this pandemic and if their experience are good then they will probably spread the word and continue with it even after pandemic which means that there will be more people that are adopting bitcoin and the prices are going to go up.
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