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I think you should not do that, because it is very risky when you bet your school money to buy bitcoin, because there is no guarantee that you will definitely benefit and what if it turns out where you have a loss. But if you have done it, then I can only hope you are lucky friends.
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I think it's not too late for you to buy bitcoin now, because I think bitcoin prices will rise higher the next few months.I'm sure if you can be patient waiting then the next few months you will benefit from buying the current bitcoin  |
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I think the game is not over yet, but just now the game is being restarted. notice when bitcoin prices in early 2017 are around $ 2000, and what happens towards the end of 2017 is beyond anyone's prediction where bitcoin prices reach $ 20,000. It's amazing at the moment, and right now I see the same situation is going to happen, for that blessed are the people who are optimistic and still believe in bitcoin. Because I believe that by the end of 2018 there will be a high bitcoin price increase.
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I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:
" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"
I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.
Exactly, bitcoin has value because people agree that bitcoin has value. and more people agree and try to have bitcoin, and the more people who believe in bitcoin, the higher the bitcoin value. And vice versa if people already do not trust bitcoin and few people want to have bitcoin, then bitcoin value will be low. |
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I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes) and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.
That's true, since bitcoin is not a threat to a country, bitcoin is present as a savior for those who have financial problems. Bitcoin prices are always changing and to this day bitcoin has the highest price than any other coin. Many people have resolved financial problems in their lives through bitcoin , meaning bitcoin has a positive impact in the life of the people of a nation and state. there are some people who abuse the use of bitcoin for a negative or illegal activity, it is precisely the person who is a threat to a nation and a country that must be destroyed. So in fact the problem are in some people who abuse bitcoin rather than bitcoin. |
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Since the bitcoin price is highest than the price of other coins, then I can say that bitcoin is number one. with the highest price bitcoin would be the best among other coins, that's what I mean bitcoin number 1.
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It's true the risks of bitcoin are very high in investments in particular, but I still believe that the benefits of bitcoin are also huge. I see bitcoin has saved many people from financial slump, it is seen when bitcoin price above $ 20000 at the end of 2017. for it's high risk of bitcoin turns out there is also a big advantage in it, for that I think this situation depends on each person in seeing bitcoin, because I think that bitcoin more benefit than risk.
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Crypto will not be able to replace fiat , because crypto is a digital currency where the transaction is done through the internet network (online) and has no real physical form. Whereas fiat money is money whose nominal value is determined by law or government policy and has a physical form real. Thus I think that crypto will never replace fiat .
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The future of cryptocurrency will depend largely on the system as well as the security built by the cryptocurrency itself and the support of investors can also influence it, but technological development and recognition of the cryptocurrency of a country can also determine the future of cryptocurrency. I think that the future of cryptocurrency has a positive expectation to move forward and attract the attention of many people around the world.
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Bitcoin and bank investments are both at the same risk, but I see that bitcoin has the advantage of delivering great benefits. for that I'm sure if you want to get a big profit then bitcoin is the most appropriate investment place.
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Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Advanced development of financial technolgy today must accepted/adopted to support and improve the country's economy in one hand. But on the other hand, The monetary authority, here The central Bank and The commercial banks still play a very important role in everyday's economic activities.These commercial banks must render or give financial services to all people in the country, either in the urban area or rural area, from big cities to small cities that can not be served by bitcoin or other coins. |
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Looking at the popularity, marketcap, price volatility; btc and eth will still compete in the market of crypto this year. None will be the winner totally.Price of btc and eth influences each other. Because of etc is lower in price, it more popular for low and medium class investors and must be accepted that eth investment gains is higher than BTC. In summary, from investment gains, eth is better than btc but in popularity, btc is the winner.
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Actually, there are several ways or methods that can be used as trading or investment strategy. One example I explain here. You can use long term and short term strategy. This decision depends on your profit target and the amount of money you want to invest. Say; you $10,000 today. You can invest in eth using $5,000 of your money at the price $600. But not long later, price drops lower to $500 and then you buy more at this price with the rest of your money. After that you just wait for price recovery; say to $9500. At this higher price, You can sell all your coins that you bought at $500 to widraw back your initial investment. Your profit here can be saved at your bank account for future investment plan while the rest of your coins can be held for longer time period. This strategy is used to limit your risk.
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If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
Where do you get this figure from? Bitcoin has the basic characteristics of a store of value, the main one being a limited supply. It will need to have some utility for it to be trusted as a store of value so it must succeed in some form as a currency. True, bitcoin has the perfect characteristics to be a store of value in fact its characteristics are even better than gold, however there is a lot of competition with many other alts trying to take its place so if bitcoin is become a store of value it needs to leave no doubt that it is the best coin in the market and for that it needs to be adopted as a currency or have some other use. Under limited supply, global acceptance either as digital asset or digital currency, bitcoin has a good prospect for trusted long term store of value.Its price will keep rising. With global adoption, bitcoin price in the future might be more stable than today so people will be more interested to buy or invest in it for a long term period of time. It is more practical than gold due to no physical asset underlined. |
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Increasing profits and getting other benefits are main factor affecting why people keep buying or investing in bitcoin. Bitcoin known and regarded as digital currency or digital asset can be used as investment instrument and also as currency to purchase something at certain shops or stores accepting it. So, it is practical for bitcoin holder. High volatile in price is treated as a good opportunity to speculate and get profit for investors while some other people use it to get extra income monthly either by trading or short term investment. They are mostly risk taker and like facing this condition.
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Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
That is right. It is called also as digital asset and can be used as investment instrument by investors. Its price is volatile and no underline asset behind it to support its price. It is operated by decentralized blockchain system and there is no central bank as formal issuer, no regulator. Bitcoin can be controlled only by all users involved in it. Those are some differences with other currencies like US$, GBP, EUR or others fiat money that are issued by the central bank in related countries. |
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This is good news isnt it? The crypto market is recovering and prices are increasing.
However I would approach this cautiously as it may not be a real bull run as the market is still weak.
I would not be surprised to see BTC and the cryptos trading within a range for a while more as traders are likely to sell
when BTC hits 12000 and buy when it hits 9000 again. Just be careful if anyone is buying at this price.
Well I agree on that it is really a good news for us that has really save a Lot of crypto coin becaus rid the price rise and pump we can really sell our saved crypto coin and gain a huge amount of profit I believe that many people wanted to invest in crypto coin because it is really amazing and it really give us a huge profit. That is a good advice. Increasing demand for crypto indicates that crypto growth is better and has a good future prospect. High demand will affect price to rise but must be treated and monitored carefully. Buyers or investors outside use it to speculate for getting big future profit. This may cause price to fluctuate up and down sharply. Investors will expect high profit from this fluctuation and also must be cautious to anticipate investment risk if price drops lower and lower. |
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In my opinion, It is recommendable to to invest in eth other than bitcoin. With lower price compared with bitcoin you can invest your money much more than in bitcoin. Bitcoin price is still high or expensive and when its price rises, also will be followed by eth price to recover. That means it indicates a prior sign of price move as expected by investors. Decision to invest in eth is also supported by recent data that eth profit gains is bigger than other coins like btc.
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Ethereum is a threat to bitcoin? Yes it is. We all know that ethereum was created by a russian programmer on 2013, and it was launched on 2015. After 3 years it is next to bitcoin in terms of popularity and value.
Let me show you some NBA perspective on this, bitcoin is the king of cryptocurrency right? same as LeBron as the king of NBA. But here comes ethereum the prince of cryptocurrency just like Ben Simmons as the prince of the NBA. The prince will dethrone the king on the eastern conference finals same as ethereum that will dethrone bitcoin in the next couple of years. Wether we like it or not the king will reach its limit. Mark my word. Trust the ethereum process!
Yes. I agree to this opinion. In term of investment gains, eth is much bigger the bitcoin. But it must accepted that bitcoin popularity is still higher. People outside there know bitcoin more than eth. Bitcoin price is still the main factor affecting price move of other coins. In the near future, eth will compete with bitcoin as investment instrument because its price is still much cheaper than bitcoin. |
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Bitcoin has been desirable to people all over the world, many investors are investing bitcoin, and bitcoin has also been used in transactions in several countries. meaning there has been recognition of bitcoin. this indicates that bitcoin has an influence and has the power to be able to regulate the business market and is used in payment of a transaction. for it is possible that bitcoin will become future money recognized by the whole world, and in the end bitcoin can organize the whole world.
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