Bitcoin significantly affects overall situation in cryptocurrency market because it has the largest capitalization and trade turnover. If some other cryptocurrency will be able to become larger in this area, it will influence overall pricing and situation on cryptomarket.
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This is a beautiful picture, but I don’t think that it corresponds to modern reality. Capitalization of bitcoin has very strongly fallen since April, 2018, therefore it now does not enter even in first ten currencies. But it's still a very good position.
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I don’t think that situation is so bad for this company. Yes, they have very large losses, low sales, but situation with their cryptocurrency was inspired by them and they got a good profit on it.
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franky1 well explained the true value of bitcoin. In addition to the cost of its production, the value of bitcoin implies the level of trust in it from the side of society and the demand among people. The demand for a decentralized means for payments exists, so the existence of bitcoin is justified, and it has value.
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If you are personally watched by special services, then you cannot hide the fact of using bitcoins because of monitoring the network activity of your devices. If you use unknown devices for those who are watching you, then it is almost impossible to track you without knowing the address of your wallet.
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I think that some advanced banks are already using blockchain technologies, only they use a closed blockchain, created in accordance with parameters necessary for them.
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There is a very good picture in the second post of this topic, illustrating intentions of some local governments to prohibit global cryptocurrency. This is useless and resembles the struggle of Don Quixote with windmills.
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Trump is very intelligent person, who understands what can be of value and what is not. He has a great influence not just because he is president, but because he is an intelligent person who knows how to overcome obstacles. His support for bitcoin will have a very significant impact on the situation.
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There were also big drops in price of Ether , especially after the theft associated with Slock.it project on decentralized investment management. In 2016, the project collected about 150 million dollars of investment, of which approximately 60 million were stolen having brought down the price of Ether twice.
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From a technical point of view, Ethereum is more perfect than bitcoin, because it was created much later and includes more innovations in its code. But bitcoin also doesn’t stand still and develops. In addition, their purpose is slightly different, because Ethereum is a platform for many different applications and services. Ether is internal token used to pay its services, while bitcoin is pure cryptocurrency.
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When you invest in any cryptocurrency, it is necessary to take into account its daily trading volumes. If they are small, then this asset doesn’t have value and its price can easily be changed by manipulators. If some crypto has large capitalization and trading volumes, this is more difficult to make, therefore, such coins are more reliable.
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Cryptocurrencies has more than once experienced such a fall and even a longer time. Now it is more noticeable due to the huge hype in 2017, heated media. Soon the situation will calm down and gradual growth will begin.
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Those who know exact answer to this question will never tell the truth about it. We can only guess when bullish trend will begin. One thing is certain: sooner or later it will be.
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Some coins give good profit even now. Some people cannot live without risky actions, so no matter what the situation on the market, there are always investors who are ready to invest. A lot of them are doomed to loss, but, one way or another, it's their choice.
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I think that in the future, cryptocurrency will affect everyone more or less depending on the development of communication networks and computer technologies in a particular place. This will divide countries into developed ones in a virtual way, and not very much, as it once was with colonized territories and empires.
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Probably, until the next update of the Ethereum network, its price will fluctuate around 200 dollars. Now Ethereum blockchain is overloaded, about 80,000 transactions are pending daily. This indicates technical imperfection of the platform and does not attract investors.
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During hard times, people learn the most. Reduction of available funds should make the brain work better and earn even in difficult conditions, which is more useful in life than getting a pair of dollars on constant growth.
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I agree with the author. Despite the constant pressure on bitcoin by officials and bank cartels, it is constantly growing and gaining more supporters. This will inevitably entail a further increase in its price.
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In South Korea blockchain technology has long been used in the corporate sector, which allows optimize many processes in business activity. The gap between the advanced countries and technologically backward in the future will increase more and more.
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The author of the topic is absolutely right. It is necessary to remain calm, because the most incorrect decisions always arise at the moment of panic. The best counselor is a cold mind. You can sell everything in a jiffy and buy another risky asset, but it's better not to rush or at least diversify the risks.
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