What do you guys think about today's sudden dump of over $700 ? Is it a sign of further market crisis and bitcoin going back to $3,500 or $4,000 like the month of April or else it's temporary and we will see surge soon as this might have been created to reinvest into it by whales?
I think too early to decide if bitcoin price will back to $3500 because it is still 1 day after dump happen. If me, i usually wait dump for a couple days, or maybe for couple weeks to see it is bear market or not. If still 1 day like this usually i keep remain to calm. we should not in hurry when take conclusion about market.to reach $3500 we need news that even worst than last moment when bitcoin hit bottom on around $4000.meanwhile at moment we see crytpcurrency supported by many good news.in couple days again till october end we will see the direction from bitcoin price. I don't know where did people get that value of 3500$ and whx are they always coming back to it. Currently we are having some slight correction and no indicators are showing that price might fall so deep. No room for panic or drama, price will recover but we have to be aware that more corrections will follow.
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I am not aware of this but I'm not using a QR code and there is a warning "[As QR] codes are not humanly readable, it opens an avenue for fraud," added ZenGo's Tal Be'ery. This will cast a bad light in using QR code for now on because it is not readable, there is no way to know if the code is real of from a different address, I will not advise people to stop using it, but they know that something like this exists and they have to take extra precaution when dealing with QR code. Extra caution.is always a good thing, it can't never be too much. Even before that information I always double checked. New technologies often exclude human factor or put it to minimun and it's good to use advantages that gives us but always be aware of potential issues.
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Wirex is quite safe and secure for buying Bitcoins with credit card. The rates are not the most favourable but that is the price you have to pay for convenience of buying Bitcoins with credit card. Although I'm not sure if Wirex is available for your country. And I would not advice you to buy Bitcoin from individuals or not trusted services, the risk is too high.
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Whatever we discuss here, the national money of states will always exist, because it is an indispensable sign of statehood. Any questions regarding the circulation of national money is decided by the government, and it will never give up its money. Without its own national money, the state’s economy will be practically unregulated. In this regard, we should not worry about the existence of the fiat currency, so far nothing is threatening it.
Absolutely true. Cryptocurrencies are not threath to fiat currencies and their existance. I don't know why someone thinks that cryptocurrencies could replace fiat money at first place. No state in the world would give up their currencies and economies. Also, to my opinion any economy and financial system based only on cryptocurrencies is not sustainable.
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I don't have big expectations in sense of price rise. Currently we are experiencing one more price correction and I suppose there will be some more until end of the year. However, I don't expect some major price fall but there will be no significant price rise either. If we touch 10000$ by the end of the year that will be success.
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Bitmain was and is known as a giant company in mining industry. Despite there was a report that Bitmain might face bankruptcy last year because of bear market, it seems they have other big plan to avoid that and this is one of their plans.
Talking about sign, of course it is a good sign and also the proof that Bitcoin mining is still a profitable job, but limited for them who get a lot of money.
Maybe that is another attempt to save themselves from bankrupcy but that still doesn't mean they will succeed. Mining is still profitable for large companies but not that much as before and the question is if they will be able to make enough profit for successful running of business.
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I don't think that comparing trading ideas with others is very wise thing. It's good to learn something new all the time but if you compare yourself all the time with others you might start doubt in yourself and think that everyone else is more successful than you and that you are doing something wrong. Have confidence in your own experience.
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I don't agree that people are losing interest for Bitcoin. Those who are only looking for fast profit will maybe give up soon but still I think that Bitcoin now already has respectable community. Maybe it's not so much in focus because the price isn't spectaculary high but loyal, constant community exist and it's spreading further, of that I'm convinced.
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Well, since so many users claim that the price and market are being controlled and manipulated I wonder where all decentralization and independency of Bitcoin have gone? Is there then any difference of crypto compared to traditional currencies and financial system? It seems that we are having two systems that are actually the same if all this is true.
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As we are approching to the end of the year we can say that 2019 didn't get anything spectacular to Bitcoin and its users. Although there is still some time left I don't expect some major price changes to happen, not in positive or negative way. In best case the price might end at about 10000$ by the end of the year. So I guess those who expected 20000$ or more might get disappointed once again.
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I think to have some advanced order feature that would be fast and could function without delay under high pressure of requires. Then fast and expert customer service that you don't have to wait for days to solve the issues. Also flat withdrawal rate would be nice to have.
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If you are involved in Bitcoin, especialy as a trader, it's inevitable that you will feel both. You can't escape stress and happines comes as a reward for successful trading and profit. The key is to maintain the balance and not to allow the stress to become dominant. But for that takes time and experience, to learn how to control emotions and to to hurt yourself with too much stress. In the other hand the right amount of stress and exciting could be a motivation to move further.
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I do. However the most important attributes of any money I would use are:
1. Decentralized ledger. 2. Open source code. 3. The inability of any entity to have greater access.
Such a coin would be a Frankenstein monster that the banks could not control. It may just come back to hurt them. And how are they going to make money from this system? Who is paying for all the infrastructure? And why would I use a banks coins when I could have universal money that works in any country?
I totally agree with this opinion. Banks will not develop their own crypto because they cannot manipulate crypto at their own free will. It's way too transparent. It's not only about manipulation, it's about the profit, that is the main mechanism that stimulans banks. At their current estimation their own coins wouldn't be supported at the market by the users and wouldn't give them profit. In fact the impact might be just the opposite so banks will not decide to go into such adventure.
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Like anything else, Bitcoin is not perfect. But users need to learn how to accept bad sides and benefit the most from the good sides. Volatility is for some week point but for some is advantage that enables traders to make the profit. So some things also depend point of view. Similar refers also to scalability, ireversible transactions and other issues.
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At the same time, the European Central Bank announced the results of its research, in which it acknowledged that the cryptocurrency does not have any serious impact on the global financial system. It is not only about negative influence, but about any influence in general. This only indicates from which side they approach the consideration of this question and that these are rather subjective opinions. Cryptocurrency is still too short to conclude whether it will have a significant impact on the international financial system.
Exactly, it's about approach. I think that things are shown out of context. I wouldn't say that cryptocurrencies itself pose a risk to banks but unregulated cryptocurrencies without defined legal framework pose a risk. On the other way it's true that cryptocurrencies in current forn don't represent a risk or impact to global financial system because formaly they are not a part of it. Banks are also aware that cryptocurrencies are here to stay but they are also trying to find the way for cryptocurrencies to be part of financial and economy system without negative impact and properly regulated.
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ETH is a good, solid coin and worth investing but still I would always give advantage to Bitcoin. It's more profitable and more aplicable in real world. However if you have enough funds to invest and you want to diversify your investment then ETH is good aditional choice.
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The current Ukrainian president seems to be a supporter of crypto for the country to be a test bed for regulations and gauging interest from the masses before Russia fully adopts it. Or this could be their way of rebuilding Ukraine after a series of devastating economic struggles and social divide between Russian sympathizers and Ukrainian nationalists that happened in the term of Petro Poroshenko. It could be a good strategy for starting a rebuild and inviting foreign players to Ukraine for crypto-related businesses and services, too.
Somehow I doubt that he is personaly engaden in supporting Bitcoin just because this is his attitude. Probably there are some strong political reasons behind that, probably connected with Russia like you penzioner. I don't know how much real power president has in Ukraine but somehow I doubt that he can push positive Bitcoin regulation on his own.
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Did he click any suspicious links? Any suspicious emails or messages? I am also wondering if that happened while he was chatting or it might be happening for a while now and you just noticed today? I don't really know what happens but one thing is for sure, you need to secure not only your wallet but also your PC as well.
Probably something like that happened. People often don't even pay attention where and what they click and later they are surprised when something happens. Awareness of security needs is extremly low. Education of people about security and potential issues in virtual space is a must.
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Cryptocurrency threatens the governments by the way of their design. Cryptocurrency is designed to be decentralized and it is a powerful feature for a financial system because it takes of the middle man like the banks, government etc. and that causes to fully transfer the power to people and the people really love taking full control of their actions and that is why government are threatened by the cryptocurrency in terms of replacing the fiat currency.
It's true that Bitcoin is all about decentralization and sice governments and their institutions are centralized by nature they are in some kind of colition However, I wouldn't say that cryptocurrencies are threat to governments and in majority of cases they don't think that way about cryptocurrencies. This is kind of exaggerated theory. Governments are aware that cryptocurrencies have become a part of their societies so now they are trying to find the way how to put them into framework. That is how I see it.
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I don't agree that only one person, no matter who he/she is and how great who/she is can help with Bitcoin adoption. What we need is systematic aproach and global promotion through different chanels, media, expert gatherings, awarness campaigns and similar. One person could be "the face" of some Bitcoin campaign but it can't do everything on its on.
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