There's something people didn't understand. Traditional graphics doesn't work for bitcoin (usually). I think no one can know where it goes. There are just personal opinions. In my opinion bitcoin will hit 100k dollars someday in future. Of course it can drop to 5k even 3k. But I believe in bitcoin and blockchain technology. So I don't sell. I think the real question you have to ask yourself is "what's my opinion?"
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In my opinion anyone who interests in Bitcoin should keep buy as much they can now. I don't have more money. If I had some definitely buy more. Ignore the people who says "game over, bubble popped up". Same people said same thing when bitcoin collapsed to 200 dollars from 1000 dollars. Be patient, future will give you a fortune!
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BTC is very new in this world, people hasn't understood yet where it can go and they find it too unstable. Second reason is people don't like changing. No matter of what. Bitcoin is an big "changing".
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We saw the same movie with JP Morgan CEO's statement. Then we found out they bought thousand of bitcoins in low prices. Of course important men of this age have to say "bitcoins is bad/ scam/ ponzi/ unreliable". Because they see the blockchain technology will win this battle against dollar and gold.
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Actually media has not an attitude against btc or anything. Media doesn't interest in truth usually, they interest attraction. So they want to attract people with interesting content. That's why more and more news and reports about bitcoin.
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The latest BTC2X fork did not able to have necessary support from community. Many of the exchanges have not supported BTC2X fork. So I doubt if trezor or ledger will support it.
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Bitcoin core software uses its own libraries to create keys. If you want to create addresses out of bitcoin core software but also they are valid, there are some alternatives. Even you can create a software that creates valid addresses. Vanitygen is one of the alternatives.
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If you forget the 24 words that the ledger has given you when setting up the device, you lose the address. Never ever forget the 24 words. As far as I know, there is no way to recover it.
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It will not bring the expected momentum to Bitcoin price. None cares about LN (lightning network) now.
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I don't agree with that because of two reasons. Firstable, Bitcoin won't die for a long time Second, no matter of bitcoin or any other digital currencies will be used in future in whole world. It's a quite necessity, everything changes. Credit cards close to kill banknotes, digital currencies will kill credit cards
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Answer is yes and no to me, because its use has increased exponentially in past couple of years but relative to other currencies it's still very less. The major reason for this is because people who don't know about it properly think it to be a form of gamble etc and that it is unsafe. Also many governments across the globe haven't accepted it as a currency. But I trust bitcoin anyway
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Of course it will and it's gonna be real soon. I think Bitcoin is in the lowest prices right now. Just like past 4 years. It will rise again. First stop is 17-18k. And when it break that point it will be over 20k in very very short period.
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Everyone says "of course, I will". But where and whom? I think that's the real question. Just like real life, if you help and donate poor people, you must find them yourself. Just a taking look around is enough to see people who needs your help. Sadly, I don't trust charity companies; if you want help I recommend the same to you. Helping people is great no matter if you're doing that via btc or some other way.
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The biggest difference in my eyes is the fixed supply, mainly because I am not totally buying the own your money thing. I mean today you own your money with btc, but no one can promise that in a couple of years we will not end up with bitcoin banks loaning people and offering interests in order for you to deposit your coins. And there goes decentralization.
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You don't have to quit your job. You can keep going with bitcoin while you're working and that makes your more comfortable mental and financially. Also you can invest more to BTC with money you have.
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There may be many reasons for that. Some people set a target to sell (for example 100k for me) and when it hit that target they sell. Some people just want to be rich in a few months but when that didn't happen they sell. Some people invest bitcoin with loan money, if they can't afford to pay this loan in cash they "must" sell. And some people are just impatient and they sell
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Because global forces controls governments, governments control people. Bitcoin cannot be controlled by anyone and it destroys this rotten pyramid. So, governments say "if I don't control this, I must ban bitcoin to scare and make them get away from it"
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I think the bitcoin 20 years from now will survive and may be more than 30% of the world population use bitcoin, so the price of the bitcoin may be 20 years over 1m dollars.
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I stopped caring about what others care about bitcoin, I've told my family and friends and if they aren't interested I cant bother. Some of my friends decided to invest some didn't. It's their choice. This is the future. There are lots of people who didn't believe in global companies. Those are the companies of the past, the blockchain technology and digital currencies are the big tech giants of the future.
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Of course everything in our world has beginning and end. But I think that bitcoin is just starting to develop, so it's too early to think about his death. think about gold, people have used for hundreds of years. Maybe someday gold ends too. But it shouldn't stop you to invest gold. As I say, eveyrthing may ends but Bitcoin will become useless only when people turn away from it.
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