Of course it is good, you cant just expect the bull to continue taking control forever. Correction means it gives the bull to recharge and gives his best for next all time high  Ups and downs are part of the market nothing to worry. Trust in bitcoin is still good, no chance for it to fall for no reason |
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Poor fellow but nothing he can do to get its bitcoin back. Atleast he got it for free from mining not purchased it with fiat
Only the opportunity cost is so much almost $1 million
I hope he learns his mistake and be more careful in the future
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For governments to destroy Bitcoin and other Cryptos, they would have to destroy the internet first. And I don't think anyone can
That comment of yours might sound absurd, but it is actually true. That is the power of decentralization because it has not regulated by single system or groups. It is fully dependent of its users. While there are any people who are still using it, bitcoin will still be there |
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I think many people just see bitcoin as scam or a waste of time. If you try to explain into an ordinary people you will have a hard time to explain to them. And also they will have a hard time to understand. Bitcoin was for me, only for the risk takers. If you dont have a gut and patience. Bitcoin was not for you.
I also experience the same thing as you. It is not easy to explain to them what bitcoin is and what is its purpose. They are already brainwashed by all those negative news out there without even bother to check the truth. The best thing to do is just answer their question when they have some in mind. Dont bother to start or even trying to convince them to invest in bitcoin. It depends on them personally where to put their money |
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Time and time again we have said this and tried to get people to actually listen, JUST RELAX. The market cannot stay at a high price forever so it is only normal that the price dropped, the same law applies when the price is down too, the price will not stay down forever. Don't sell your coins, just hold them and wait for the market to recover again.
Most beginners do this mistake, all those panic selling and panic buying and blaming LOL I used to to same mistake in my early days of learning crypto but now I realize that Up and down willalways be part of life |
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Yes it is because not all people are use to with gadgets and smartphones. Some of them were only good at using telephone whenever they need someone. other than that some people also prefer to used mails that was sent through a post office. So smart phones and computer for them is not necesarry. Other people also who live in the rural areas does not expose themselves with technology because there means of living is on crop production so smart phones is not necessary for them also. So if you will going to introduce them with bitcoin probably they will laugh at your face because they could not understand on what you will be saying.
Right, not all people are familiar with internet and smartphone But I believe most of them do Almost all younger generations are now have their own smartphone which make it easier for them to learn more about bitcoin and crypto in general |
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I think investing in bitcoin is not as easy as imagined, it's not that easy. Many things to consider before choosing to invest in bitcoin. A lot of news about that success, but the risk behind it all is also very big. As much as the hope of making a profit, as much as the loss you may feel.
This needs to be read for particular for beginners. Investing in crypto isnt that easy. It is true you could earn good amount of profit but otherwise you could lose it all too There are many market manipulations too, just be extra beware |
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I don't know how long everyone will have to wait for the Bitcoin price to hit the $100k mark. It certainly isn't going to be easy and we should expect tremendous amount of FUD before reaching that point. Also I think we will have a small bull and bear cycle before reaching there. Expect at least a few years to achieve that price.
That is for sure, you cant expect bull to take control that much. We will surely have ups and down. But I am sure that $50k is achieveable this year. I myself personally will sell some of my bitcoin at that price, if it goes lower I will rebuy if not I still have some left too. I will never sell my whole bitcoins, only some at a time |
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People want to make money, so I think there is not much to control the increase of reward participants. Because the desire for money is one of the strongest motives. I think you can choose a good ICO manager. He has strict rules and can also choose reward activities that limit the number of participants.
Harder the requirement often give you better reward. But that is not always be the case. I once joined signature campaign with quite strict rules and long duration. But the reward was merely a few pennies, not worth it at all LOL Just give thanks to whatever you get and try to earn more from mining or trading or even investing |
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Of course. Some loan or activities requires financial transaction like several months. You wont have that with bitcoin.
Other than that, we dont have debit card in crypto, you cant use you coins freely to buy basic needs, you still need fiat to do that.
At the time bitcoin is fully adopted, then we may see that coming
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Being used to buy drugs and other illegal goods is out bitcoin's regulation. What I think should be the solution for this is that the government should fight the drug dealers and not the bitcoin. They should focus more on how to keep the production of this illegal goods and how they manage to stay in the demand.
A very nice answer. Dont blame the tool, blame the abuser. You do not blame doctor for using drug in performing surgery. You dont blame cook for using knife. Blaming bitcoin because of it is used for illegal activities really not suitable |
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Do not use loans for investment. Only "free money"can be invested. You can always find money to invest, if you slightly revise their spending and spend every day a little less.
This needs to be told to more people. I still oftenly hear people getting a loan to invest in crypto, when the price drops they suffer, they and their entire family  We need to be wise. Invest some amount you are comfortable to lose Dont risk your all your saving |
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I think it's too late now,
3 days ago Ethereum for 400 USD, and now it's 600 USD
meaning if you buy 50 USD equivalent to Ethereum, your money becomes 75 USD
There are many chance in trading as long as you know how to do it. If you dont then hodl in the best thing to do. Better no profit then loss if you dont know what you are doing. For beginner the safest investments are still bitcoin and ethereum |
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If I wanna to hold for long term.
I to keep private keys somewhere safe.
Keeping your holdings in exchange can be big threat against your expectations regarding selling them for profit after some time
That is the best way to do, the safest way. If you hodl for a long term then the best thing to do is storing in a safe wallet like a hardware wallet. But I personally left some amount in exchanges, in case I want to do swing trade. But only small amount not that much |
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The answer is that it often is not, at least for most people, most of the time. Eventually it will be the best payment system, but it needs to develop further, gain more adoption, and get over the scaling obstacles. Even so, Bitcoin is already the best payment system for certain use-cases, such as sending money across borders, or receiving money from someone you don't trust (which helps further in cross-border transactions).
Agree with you. For now there is still homework for bitcoin to be used worldwide. But still it is better than most banking payment method and a lot cheaper too. As long as there is local exchange in both location. Ethereum is now a better payment method than bitcoin, a lot faster and a lot cheaper too! |
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And I am curious why do you think that way Bitcoin is not free money for charity, it is a new innovation. If only you know ho to use it effectively then you might be ending your own poverty. After you have a lot of money you could donate some of your wealth to charity |
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Just do everything you see fit according to your own research and be fully responsible for everything happen as the consequences. Bitcoin could go way higher or even drops as much as you cannot imagine Make sure to not be suicidal LOL |
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To me personnally better buy. Because the price of graphic card is ridiculously high while the mining result isnt really satisfying. Unless you have free electricity.
Mining is no longer profittable right now, there is too much miner alr3ady while the price of the coins is not that much
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If you wanna sell your house to invest in Bitcoin, I believe that you probably know what I don't know. But to advice others to do same without first showing them what you know convincing them to do the same is not smart.....
Think again dude.
I dont believe that guy. Selling his house for speculative asset is just to much. Perhaps he doesnt even have any house to sell in the first place. Just invest some amount you are comfortable to lose |
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I still do not know much about the amount of bitcoin in the market but I still believe that bitcoin will continue to grow rapidly and make investors interested in investing.
If I am not mistake, total bitcoin in circulation is around 16 millions. The rest will be mined over years and will be harder to get to. But to be stable it will not be possible because the price is determined by market demand not under any regulation. Just enjoy the ride |
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