If Bitcoin was currently worth 100x at $31,500 per coin, that means the demand must be so strong to push it to that level and it simply outweighs the selling pressure. When that happens more miners decide to join the group and competition becomes tough and some of them would drop out simply because they can't churn out a profitable amount of bitcoin either it is due to the mining equipment factor or just any other reason. Eventually the pool of miners will still remain about the same. Electricity demand would then ends about the same. What I'm trying to say here, it will eventually reach a stage of equilibrium.
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Some big whales dumping huge amount of coins to get fiat to buy his/her most expensive Christmas gift? Seriously I can't think of any good reason, but what I say here doesn't mean it makes no sense. I mean it's possible, right?
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What gives an altcoin or any other crypto a value for that reason is mainly driven by the level of acceptance of the community. If I agree to pay you in altcoin "A", it's mainly because I believe that is the value attach to the coin. Or if you look it the other way round that is the "agreed" amount between both parties, whereby I'm willing to pay for in fiat in exchange for an equivalent amount in that crypto.
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When you tried to install did it says operation not allowed as what I remember there is supposed to be a limitation in the android software that prevents other applications to be installed other than those coming from google playstore. Look under your phone settings part which you can change it.
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Okay and yeah it has the setback clearly inked but what other altcoins that you think is good enough to replace bitcoin? In terms of new technology, I can't think of any. The rest is basically purely marketing driven that artificially inflates the value of the coin. And.... do you notice all altcoins still take bitcoin as the benchmark for valuation.
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Would it have been more responsible for those larger holders to sell off parts of their holdings to keep Bitcoin from rising too high too fast? Define the word responsible. If a whale owns half a million bitcoin and sells it for $500 a pop he would make 250mil. That is done for the sake of preventing the price from rising too fast. However if the guy waited and do nothing until it reaches $1000 without intervening, he would make a steady 500mil. For a difference of 250mil, would he have chose to carry the word responsibility with him?
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If i want to invest $25000 i would use the money to invest into my own account. What is the rational of giving money for someone to buy on your behalf when i can do it myself.
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Didn't reach my buy order so a bit disappointed there. I was expecting it to drop further taken into consideration the number of sell orders in place and after close monitoring the order book. When it reach 310 there's the main turning point when you can see large orders suddenly coming in
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While it is not a bad idea, can't imagine having to go through all the lengthy process and the time it takes will probably outweighs the advantage. Just to be safe what I always do is transfer a small amount to the phone and use it. Even if I lose my phone or the account gets compromised the losses are minimal.
Nevertheless if I need to purchase items using lots of btc, I would rather do this at home. It's a give and take situation, between security and comfort....I'll go along the middle line.
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It's good to see bitcoin news now making its way into the mainstream media. Imagine the impact in terms of attracting new investors and such to help promote bitcoin as an alternative currency. Nevertheless, I believe this is just the start. When the adoption rate goes higher and becoming more and more popular, that is where we'll see bitcoin news being reported daily AND on the front page.
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For me, it is about technology which I think is what makes bitcoin special. Who would have thought you could have a currency that is supported by the network maintained solely by the community. Nobody can shut it down, nobody can control it (unlike fiat) and that is where the value lies
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Could be misinterpreted. Probably what they mean is totally different. If they don't accept fiat currency in Hryvnia doesn't mean that they won't accept payment in other fiat currency to convert to btc. Euro should be the choice.
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I've already have my place in place. Buy at 250, further buy order place at 200 and another one steady at 150. Let's see how far down the price can go. I've prepared the fund in anticipation for the drop.
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Just have a look at this. work4crypto.com
It's the same like what you mentioned here. There is actually a job creation section for employers to use bitcoin as payment currency but unfortunately there is none available. Dogecoin is more popular
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Watching the video gives me the hope and inspiration that one day when we look back what we have done, it's all actually worthwhile. I can understand how hard it is to get the message across because i encounter the same situation like him as well. Don't worry guys.. the day will come when bitcoin will finally reach mainstream.
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It's the same everywhere you go not just at your place. What goes up and never comes down again is basically what inflation is all about and that is exactly what is reflected. For price to come down basically it takes all the sellers to come to a simple agreement to reduce it. If all sellers maintain the same price and demand is still florishing... things might pretend there is nothing happening.
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It's still too early to make a general assumption. The downward bitcoin price could be from other non-related factors if only we know what it was and not necessarily mean to say people have lost trust in bitcoin. Just give it time. It will rightfully adjust itself to reflect the real situation.
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Just a simple thought... maybe you should put in some marketing words like saying "free coins with potential thousand dollars value". That will at least grab some attention
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Waiting with all my funds fully loaded to grab at the best price. Let's see how low it can go. Still patiently waiting
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Use a deterministic wallet which practically carries all the bitcoin you need to spend with it. Password protect the spend feature. If you lose your wallet, the thief would take some time to crack the password giving you enough time to transfer out the btc to another wallet. Either way either you carry a credit card or bitcoin wallet it still comes back to how you much precautions you put in to protect your fund.
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