I think there are two things that can help ensure the value of Bitcoin will be maintained in the near future.
- The first thing is the quantity limit, because the supply of BTC is limited to 21 million BTC. This limitation will increase the competitiveness of the remaining bitcoin mining and help maintain the value for Bitcoin in the long run. - The second more important thing is that a large number of BTC supporters and consider it a great idea for the transaction process. The belief that cryptocurrencies will be an effective way to transfer actual monetary values outside the banking system will keep Bitcoin forever.
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My story Like other newcomers I started my first trade with a lot of money with me, and I didn't learn much about technical analysis or other aspects like capital and risk management, It's more like gambling and waiting for luck than trading. Of course, after that I made a heavy loss and started to learn more about trading.
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I think all the exchanges are trying to do what you are talking about. In fact, I find the tokens of exchanges to be the most applicable in practice. If you hold tokens, you will be reduced transaction fees, shared profits (KCS of Kucoin), participate in IEO, enjoy higher commissions from referrals, ...
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Strangely, people want BTC to be legal, but when BTC is considered legal, people don't want to pay taxes. If BTC is legal, then paying taxes is obvious. Before you do this you have to learn about tax rates.
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People are often excited about bitcoin being applied in practice as it is used for payment at Starbucks. The reality is that there are many websites and e-commerce platforms that accept payments in Bitcoin or other cryptocurrencies, but recent trends show that they are rarely trusted. As a result, some websites are starting to eliminate cryptocurrency payments.
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It is unbelievable that a large exchange like Bitmex is so weak in terms of security, Previously Binance with hacked millions of dollars and exposed user information. I wonder, do those exchanges really put security first?
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If there is a proper cryptocurrency bank, it will conflict with the decentralized nature of cryptocurrencies, because the bank itself is a centralized organization. So having a cryptocurrency bank is not realistic.
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If you're waiting for an altcoin season, when all altcoins or most of them are growing hundreds of percent, that's just unrealistic. The bear market has made weak projects obvious, and sadly most of the altcoins are shitcoin, nobody will want to buy them at a higher price.
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I was surprised that the Chinese president only talked about the development of blockchain technology, but also caused the price of bitcoin to increase by 40%, even crazier that the coins were of Chinese origin, they increased by 100%. after one day. That is definitely a price manipulation
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Major financial and payment companies like VISA and Master Card have left Libra, which will make it difficult for Facebook because they do not have much experience in this area, so even if Facebook established a their own bank to support Libra, it can not be better than Libra with the participation of VISA, Master Card.
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I realize you're interested in saving BTC and getting interest but you're worried about safety. Currently the leading exchanges like Binance and Okex both have lending function, they will use your BTC to lend to others and pay you interest, usually less than 1% a year. If you are a long-term holder, this is a good way to increase BTC.
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BKEX VS OKEX? And why?
I have used both of these exchanges and currently I trade mainly on Okex because Okex is a trading platform that has all the functions a trader needs. It has spot trade, future contract, perpetual swap, OTC, lending, and mining. And transaction fee is also very cheap if hold OKB
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I never joined the IEO of the above exchanges because most of the IEOs at these exchanges are not profitable. The IEOs on these exchanges are mostly normal projects that are not attractive enough. On the other hand, top exchanges always have a strong community and IEO projects are also better, more profitable.
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This news made me angry Why people still can not understand that the government is manipulating fiat money. Bitcoin is the solution to the problem of manipulating the state. Could this news be a signal for further support of Bitcoin instead of fiat money among US citizens? https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/ Fiat money has existed with humans for a long time and has a history of thousands of years, what about bitcoin? It has a history of about 10 years. Assuming all governments in the world accept btc as currency, it is also very difficult to put into practice.
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