Is it going to start with poor countries and their dictators? Is it going to start in the USA with their SEC and ETF and everything? Discuss.
It is usually start with wealthy nations because they have the money and the available technologies. Most people and leaders in the wealthy countries are open minded than their counterparts in the poor countries. Proper knowledge in using cryptocurrencies is still the best way to increase the awareness of people in cryptocurrencies and this will speed up the adoption. A country that is open to this kind of technology wll surely experience a mass adoption in the years to come.
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Regulation for the cryptocurrencies seems to be inevitable because of the recent meeting of a group of nations to create a global law for the use of virtual coins. Almost all of the financial systems inthe world is heavily regulated and I will not be surprise if the cryptocurrency sector will also become regulated someday. The aim of regulation, according to some governments is to stop some people in using coins for their money laundering and other illegal activities.
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I usually hold the token that I'm holding if it has a potential to grow in the future. Tokens that come from a legitimate ICO will surely gives you good profit if you are patience in waiting for its price to go up. The bear market that happened last year made it difficult to find a good project or ICO and a lot of them delayed their payment to the bounty participants because of bearish condition where prices continuous to decline. Many of these ICOs are also delayed their listing in the exchanges because the price of their tokens will surely dump by bounty hunters and investors that have been waiting.
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With the constant support of investors and the different crypto communities around the workd, cryptocurrency will surely survive even the difficult challenges that lie ahead. The major cryptocurrencies and tokens may be facing some tough situations like prolonged bear market and steep price declines but they always managed to recover. But there are also some coins that loses their value and delisted from exchanges eventually. The blockchain technology will continue to be use by many sectors because it offers real solutions than any other technology.
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Bitcoin already recieved a lot of FUDs and disinformations for the past several years and have been pronounced dead many times when its price many times last year. FUDs is usually created by someone who want to bring down the price of bitcoin or any cryptocurrency. Negative price predictions like bitcoin will be crashing few days is also considered FUDs because no one can really predict the future prices of bitcoin. We should also read carefully what we are reading and try to find the source of the report, article or blog.
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Many well-known cryptocurrencies show positive signs of uptrend in the past several weeks indicating that the bearish market trend is ending or just ended. The price of bitcoin is appreciated to $5500 this April as compared to its price last month and further price uptrend might happen in the next few weeks. Many of the altcoins and tokens also gained more price like bnb which reached its another all-time of $25 a few days ago. Prices in the coming months should confirm it by makinganother round of price uptrends for both bitcoin and the altcoins.
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It is unlikely for the bitcoin to stabilize a country's economy because of its limited supply and volatility. Being an unstable currency, government will be having a hard time controlling the wild fluctuations of bitcoin and this situation might deteriorate the economy, instead of stabilizing it. It is still to be proven if bitcoin will really diminish the use of fiat because a lot of people will still prefer fiats over bitcoin because it is more convenient to use.
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If you know how to trade then try trading the half of it by buying some strong altcoins. You will missed a lot of opportunities if you only hodl your entire amount of bitcoin for another bullrun or all-time high. Although it is known to be risky, trading gives you opportunity to earn what you have failed to earn when you bought your during its all-time high. That is also my plan because nobody know when will bitcoin repeat and surpass its ATH last December 2017.
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I'm also a trader engaged in swing trading so I usually hold coins for about a week. Holding a coin for months is not a good idea for me because as a trader, you might miss an profitable trade within that period. But as a long term investors, choose a coin that has the ability to go up many times in the future before buying it. Long term hold is good for those who are busy in their job or business. All they have to do is secure the coin's wallet and only check its price when they have spare time.
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I don't think bitcoin is following the 2017 trend because the rise of its price is still slow compared to that year. There is also a possibility that its price will go down below $4k before it appreciates again. Some investors might be excited on the next halving that will happen next year and they start buying to beef up their bitcoin reserve. This buying helps the price of the bitcoin to go up in a short term.
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If the bear market stays longer than expected will you take your leave and forget cryptocurrency ever existed? But the marketcap is getting larger and larger is that not enough to change your minds and stay?
There's no need to leave even there is a prolonged bearish market because you can still earn profit even in that market condition. The market situation today is improving and the prices of many cryptocurrencies and tokens are starting to rise and it is even better compared to last year. There are more positive signals coming from the crypto communities although the possibility of another bullrun this is still uncertain.
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The growth of bitcoin in this quarter is still slow and there is still no significant rise on its price. The ice is not yet completely thawed for the bitcoin and it need more time to melt before warming up. The price of the leading cryptocurrency rose modestly in the past few days but only to decline again in the next day. The next quarter might be better if there are positive developments that will stimulate the price of the bitcoin to go up.
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I'm not expecting any bullrun like the one that happened in 2017 but only minor rise in prices. There is still no clear sign of bitcoin going bullrun this year and there is no strong support coming from the sources that may possibly start it. I believe bullrun will happen if there are significant development realed to the bitcoin itself like the anticipated halving year. The best to do now is to hold more and buy more while the bitcoin is still affordable
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Some of my predictions are the mild growth of bitcoin but some altcoins will reach their all-time high. The market will also more improved if you compare it last year but the awaited bullrun will not happen this year. But the negative criticism against cryptocurrencies are still there and might intensified by some individuals who are out to destroy the leading cryptocurrency.
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When it comes to price improvement, it still the same because there are still no major price rally in the past two of this year. But bitcoin is trying to get past on some price level like the $4000, only to go down again. Many altcoins are also bouncing back mostly for short term. The improvement of the crypto market will depend on some positive factors like the possible approval of bitcoin ETF that may happen in the days ahead.
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My initial experience with cryptocurrency especially bitcoin is not pleasant because it end up being scammed by some online investment in social media. But I did not give up using bitcoin because I believe it would give a better earning in the future. I started investing some modest amount of bitcoin again in 2017, a few months before the bitcoin reaches its all-time high, this made me earned some modest profits also.
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I also don't know when exactly it will rise again, or it can even go down again. but selling is not the right decision. it's better to add more investment to its long-term profit.
I agree with your opinion sir, especially during bear market, selling your coin is recommended unless it's already above the price during the time you bought it. Other traders chooses to sell their losing coins to buy another potential coin with lower price. The price of the cryptocurrencies are unpredictable so it is difficult to know when will the next price rally begins. Being always updated in the cryptomarket will help you decide in buying coins.
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