with the way Zuckerberg is hyping his coin and also the way the cryptocurrencies (blockchain in general) is hyped, there is a good chance that this project is going to become big in the sense that it can raise a lot of money (maybe billions even) and becomes super pumped and hyped up. there is also the benefit of bitcoin being on the rise which will always hype everything up even more which can lead to their increased hyped up state.
but at the end of the day even if 1 FBcoin were worth 10 billion dollar, it still is going to be inferior to bitcoin because it is centralized. not to mention that Facebook is known for exploiting all your personal information so expect all your transactions to be reported to multiple government agencies right away.
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well this "trade war" has been going on for a while now, it is not like it has started yesterday. and so far it had no effects on bitcoin price since bitcoin has been on the exact trend that was expected of it meaning a big breakout above the resistance at $4k followed by lots of FOMO and reaching the next major resistance at $8k. so I don't think this "trade war" or rather the continuation of it could start having any effects on bitcoin price now.
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On the plus side, if the US government did officially recognise Wright as satoshi,...
nobody has recognized him as dick, it is just that OP for some reason decide to choose this misleading title for his topic! what CW has done is just submission of a copyright which is not even accepted. and submission is not such a complicated or exclusive thing to do so anybody can do it.
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and the scammer strikes again.
this is obviously an attempt to pump the shitcoin called BSV as they are trying so hard to pump it after the mass delist from major exchanges caused it to crash down hard and they were desperate for survival. a curious thing is that the date of the registration is 2019-04-11 or more than a month ago and the news of it is circulating the media today while the pumpers are super active on this shitcoin!
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I know what you mean, the simple answer to that: you can't run away from the government. But if you talk about insignificant amount of money then it does not matter much.
Of course he can, he will perform his transaction in a clan way without the government tracing it to cryptocurrency, but hard cash will surely be involved, it is now left to him to explain to the bank when depositing how he got the cash if the amount is very significant for them to query. All he needs to do is just involve a local exchanger, they will do all the dirty work for him, and then get him his cash once they get their own BTC. After all, government cannot even trace anything that is being done through the blockchain transaction, and since he will be depositing cash by hand, no one will be able to trace it too with that. I don't know why people want to hide themselves from the eye of governments,if they are everything legally and obtained the money in right way then no need to worry about and also you have to pay the right taxes from the earnings or it also will be a punishble offence. But lot of loopholes and underworld market available where we can pay extra and can get everything done in the way want. I don't know about him, but sometimes in some countries the governments have not yet decided what kind of approach to take about cryptocurrencies and some people prefer to keep their privacy in case their government suddenly decided to take an aggressive approach in which case those with a lot of cryptocurrency related transactions can face a hard time and a lot of legal fees to solve something that could have been avoided.
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after the big breakout and reaching the $8k levels, things were quite volatile but as time passes the buy supports are becoming stronger and they are making the drops harder and harder. for now the $8k price may look like a strong resistance but it doesn't warrant a drop down, we are only in a small mid way accumulation which started after the cash out of some short term traders for small short term profit. the next upward momentum will start again pretty soon specially with all the good news that keeps on coming out these days.
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unfortunately we don't really have any "critics" based on what I see, all we have are some people with doomsday signs saying "The End Is Nigh" who don't really have any convincing reasons for it either. at this point that the adoption of bitcoin has grown to a decent stage where even developed countries like Japan have accepted it as a legal currency and big companies like Microsoft are accepting it as payment, the only debate is whether it will reach mass adoption and $1 million+ or not. The worst ever shitcoin can't even go to zero, so how will Bitcoin ever go to zero? I think you may need to visit the altcoin graveyard on sites like this one: https://deadcoins.com/every now and then market purges the dead shitcoins otherwise we wouldn't have 2500ish coins and instead would have had 50,000 coins
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just because they seem to support cryptocurrency it doesn't mean they should be favorites of crypto community members. for example McAfee is a selfish person who is only using bitcoin's name to make profit from it, he may seem like a true bitcoin enthusiast but if you read between the lines of what he says and look at what he is actually doing you can clearly see that he is only filling his pockets with money that he gains on the side of that popularity he gains.
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to be accurate this has nothing to do with mining! basically the scammer asks you to give him your private keys and then asks you to send coins to those keys, and if you do, the simply steals them. the scammer in this scenario is using combination of greed plus lack of knowledge (or laziness to do research) of the victims. otherwise that excuse they use to get your private keys is very easy to detect, it doesn't matter if they are using mining as an excuse, trading (API keys), doubling bitcoin,....
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I've seen something more elegant logo. ...
that is more complicated than be elegant and it is not suitable as a "bitcoin logo" in my opinion, I think these things are mostly good for clients for example if you have a wallet you can use that as its logo just as most clients do. for example Electrum uses a blue one with B in the middle and it looks like an atom.
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I generally skip new updates, always lag about 2 or 3 versions, unless it's a critical one of course. Not that I don't trust new versions rightaway (if it's stable, it works, and Electrum + Tomas are about as solid as it gets) just never really get into updates until need them. By the time I DO get them though, the antiviruses seem to have gotten over their initial false positives.
it is also worth mentioning that if you decided to not get the updates right away then you have to follow the changes closely by checking the Github link of Electrum project to first see if there hasn't been any serious security issues by looking at the commits that you are missing out on. also if you encounter any issues you first have to upgrade and see if that fixes it or not. usually most of the bugs people report while using an older version are already fixed.
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don't do it!
first of all because this is not a question you should be asking. you should always be able to make financial decisions on your own. and if you can't do that in a market and can not analyze the situation then entering that market will only end badly for you because there are many different scenarios that keep on happening and you need to know what to do in each case.
secondly your choice is a bad one in my experience. you are planning to hold altcoins that are guaranteed to drop in value. for example ETH has unlimited supply and has been losing its only usage (ICO creation) and because of that it will lose value in the long run. other coins like XRP are just considered pure shitcons.
and finally you are trying to enter with a very large amount as your first move! the fact that you have been buying bitcoin doesn't make you experienced enough to enter the altcoin market with this size of money considering that 99% of altcoins are complete manipulation with no usage or future not to mention the centralization of many of them that is their point of failure.
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Craig Wright has became a paranoia. He just want's to be in the news, to be famous and for that he had told many lies and lost any credibility he ever had. No sane person would believe what he says.
his "credibility" lasted about a day or two 2 years ago when he first claimed to be Satoshi and then provided a fake proof in an embarrassing shenanigan he pulled while using Gavin Anderson. this here is just the repetition of the same scam that he has been trying to pull. any sane person also stopped paying him any attention the same day a long time ago. but you are right the news sites keep covering him because they love drama and the traffic it brings to their sites! I wonder when he will stop giving such drama and stunts in the crypto community. I think he has no shame left anymore. Maybe this is the reason why he's living in pretension because there's nothing to lose anymore. The media keep on supporting such drama because they are getting something out of it. At the end of the day, it's all about money for them. people like him who are scamming others will continue what they are doing until they are behind bars or if they are lucky they continue it as long as their scam works and is making them money. in case of Wright, he will continue scamming people as long as BSV is alive and is being pumped and dumped, and also as long as those companies he has fooled and the developers who have fallen for his scam (or maybe are just using him for their own purpose) stop supporting him.
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In addition to the exchanges listed on the CMC, there are many other exchanges.I have a question WHY do we need so many exchanges?What do You think the new exchange will be able to attract potential users?
We don't need this many but how can you stop people from wanting a piece of the crypto exchange money making machine? It a like the sport betting sites do we realy need 1000s of them? Off not but that won't stop new ones from starting. it is not just about money grabbing, but mainly because the existing centralized exchanges all have big flaws in their design that doesn't satisfy the needs of the cryptocurrency market traders so new ones are created to attempt at filling that gap but eventually they either don't gain enough traction or if they become big (like binance) they turn into the same flawed thing. for example KYC is one of the worst things in altcoin exchanges. new ones come alone without needing KYC at first, they become big then they enforce it!
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ETH (The Flippening), XRP (The Rippening) and even Bitcoin Cash (BCH) have attempted it in the past. Those 3 coins are solid and legit, but still they fall short of their 'goal'.
none of the coins you listed here are solid or legit. they are all weak projects with lots of problems like ETH and XRP being premined and having very huge supplies. BCH being useless altcoin with a bad history because it is a copy coin. and all 3 are fully centralized. but they all have reached their "goal" because their goal has never been to replace bitcoin! their "goal" was to get pumped and they did do that and their owners became rich from them.
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$50000 for price in 2020 seems like the safest bet you can make at this point because we are already in the beginning of a bull run and in a year from now which will be 3 years after the previous ATH, setting a new ATH is assured and $50k is about twice the previous one so it is a lowball bet. I would personally expect a higher one at $100k.
but not everything is price you know. it is mostly about adoption. and the main thing I am expecting in 2020 is more adoption of Lightning Network so that we can see the real boom happen.
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the "bear" market which you are referring to as "winter" is a part of the market and it has been so for any other market too. you can't prevent things like that which are natural from happening again! that is kind of a duality of the market.
the only thing that we can prevent from happening is the prolonged bear market that lasts for many months, up to a year like the previous 2 times in 2018 and 2014. to do that we need a much bigger market with more packed order books so that it can't be manipulation and more importantly it can't swing up and down whenever there is a big surge of buyers or sellers.
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3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.
They view BTC as an asset primarily and don't consider it as a currency just like majority of the investors in the cryptocurrency market which is a much better and safer option for them. We need to reverse this asap by driving adoption rates higher with time through regular developments. there isn't only one country and one government in the whole word to have a singular view about bitcoin. there are lots of countries and each have their own view. there are countries that view bitcoin as a currency as they should and there are others that see it as a commodity mostly for tax purposes and in most cases the governments are undecided but open to bitcoin and finally in rare cases we have total ban. isn't it wiered that China has 80% of bitcoin mining, yet they banned Bitcoin and their citizens would have to use VPN to purchase what their country mine themselves. It can be a tactical move to trick the world. I am not sure where you are getting these things from but none of what you said is correct. China doesn't have 80% of bitcoin mining, it is barely 20% and they have never banned bitcoin to force their citizens to use VPNs. they just closed exchanges that were doing illegal stuff such as money laundering.
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Explain the cause of Bitcoin 'not coming down'
things that are obvious are also hard to explain. a better question would be to ask why bitcoin hasn't gone up more than this and why has it taken this long for the recovery to start when market was ready and the adoption has been growing! China is the country that helped push Bitcoin up 40% in the last 7 days. Do you think so?
China has been out of the game for a long time and it has no effects on bitcoin price anymore since they don't even have a decent exchange that is big enough to be among the big exchanges that do affect the price! According to calculations by experts, 20% of Bitcoin trading volume comes from China
I would love to know more about these "experts" and where they get their stats...
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3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.
They view BTC as an asset primarily and don't consider it as a currency just like majority of the investors in the cryptocurrency market which is a much better and safer option for them. We need to reverse this asap by driving adoption rates higher with time through regular developments. there isn't only one country and one government in the whole word to have a singular view about bitcoin. there are lots of countries and each have their own view. there are countries that view bitcoin as a currency as they should and there are others that see it as a commodity mostly for tax purposes and in most cases the governments are undecided but open to bitcoin and finally in rare cases we have total ban.
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