I think taxes are needed, but millionaires have to pay more, either in fiat or crypto. And that is a good list because taxes are used for defense systems and salaries for military personnel. Without it your country will be taken over by a stronger neighbor if you have useful resources
Here we should not pay tax on our hard earned crypto which came as a result of buying crypto coins on our hard earned money which is already taxed so it is totally irrelevant to implement tax twice. There are many countries which do not take tax on cryptocurrencies but America and India are counting it as asset. People living in tax free countries are enjoying their profits and are investing freely. |
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Seems like a little light is shining upon us, market is slowly recovering ,is it the start of a bull run of just another plan of bears. So excited what will happen in the next days.
I am actually more optimistic about the market recovery because we have had a fall or two in the values of Bitcoin few days ago which recovered shortly within hours. This means Bitcoin has the refraining force to hold the fall. Besides, we have had some experts speculating about the impending boom till December. WE are still to see that. They predict the price to cross $20000. |
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ETH is the most likely coin to invest in, probably in the near future, ETH prices will rise and they may be one of the top coin markets.
This is one of those important decisions that can actually maximize your future return if you make it wisely before investing. DO research the market for the most profitable crypto and invest in them. Be it Bitcoin, ETH or Litecoin. One should have a long term plan to escape the panic of red market and cash when the prices are high. Normally some of the crypto in the market right now have some brilliant project on their back and are worth investing in. |
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There isn't any specific time that can be called the best season to sell altcoins because market is volatile and doesn't have patterns on price changes unlike stocks .Most traders mentality on where they do make some basis on where they do check out if the price had rise above the ICO price.The best time to sell your altcoins is to to set a profit target within a particular period. When the target is reach, you sell. It it don't you ,sell too.
Basically the question is what is the time when people should sell their coins so that they can earn big money? But you have answered it with different perspective. Anyway you are right as well. Actually when prices start increasing, many people start panic and they are curious about selling their coins to avoid any situation when prices start losing abruptly. But wait for the highest possible amount and then sell. |
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Both pump and dump are not healthy for the cryptocurrency market. Trying to manipulate the price of a currency through pumping in order to quickly cash out some huge money is very wrong. The market or the value of a currency should be allowed to grow naturally based on the forces of demand and supply.
But how can you say they are not healthy for bitcoin. Since the first day of bitcoin, it is moving up and down. Sometimes there is dump and it stays for long and then suddenly prices start jumping to moon and we see the pump that amazingly profits everyone. If you are claiming this isn’t right, how bitcoin has survived for so long time then? No, you might be able to review your information. |
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But later heard they want to reverse the decision, instead they will come with a strict rules of regulations to make people more believe about it....
It will really be awesome if that happens and they put up some strict rules or maybe just some fair enough rules instead of banning the whole bitcoin and crypto transactions and trading, although India is not the biggest centre of crypto trading neighther the people here know much about bitcoin, cryptos or blockchain, but if bitcoin is trasactions and trading gets banned in india then it will durely effect the bitcoin prices and consequently other cryptos too. |
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Electronic money and Bitcoin can always be hacked, bank accounts hacked on a daily basis too and not to mention all the scams genius on all internet.
Unfortunate thing but yes every digital thing can be hacked so are our bank accounts and bitcoin wallets, well bitcoin can never be hacked but the wallets and the server can easily be hacked by the intelligent unknown threats all over the world using their fingers to rip peoples money. All we can do is to hope for the best and pray for our money and avoid being greedy enough to do something as stupid as installing a malware in our device and then get stripped of our money. |
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This is not a surprise to be honest with you guys. There are more people who knows what bitcoin and crypto is compared to a year or two ago. The more people know what crypto is the easier for market to go back up. Back in the day when price dropped, thousands of people who know what bitcoin is clashed with each other to get it higher or lower.
Now that there are millions who depend on crypto and invest in smaller cryptos as well (tho their way usually goes from bitcoin) its much easier when price drops (millions of people selling) and its easier to get it higher as well (millions of people buying).
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Bitcoin IS recovering. Than bitcoin drops, than it goes up again, then it drops again, tha.. well this will keep happening forever. Like not just today or tomorrow or a year from now. I bet 100 years from now when all of us are dead, bitcoin will go up and than it will go down.
I can see bitcoin going to 2.482.981 and than 1.823.423 and than 3.123.432 etc etc it will be bigger than all of this and than still keep being speculative, its in the nature of bitcoin to go up and down because we give value to it and not the govertments or their regulations.
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I think the general reason is the people who lost their faith in Bitcoin, everybody are just complaining about the price and selling their Bitcoins thinking that it would be dead soon.
Now people are upset due to the current situations but let me assure you about the market with examples, as we have noticed recoveries in the past after many down falls. As the market reached up to the highest record value last year in the end so this time same will happen. The market may show some spirit and potential to touch the highest value and break the previous record so all we need is to buy at this current stage of the market. |
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For beginners, i would suggest you shouldn't invest a lot of money at the beginning, only invest as much money as you can afford to lose. Before investing, follow a few months charts of the coins you want to buy then decide what is the best price to want to grab it.
We have been reading such comments from very long time and yes this really affects. When you re newbie and you don’t have any solid experience in this field, you don’t have to be so smart. Rather keep yourself restricted to short investments so that if in the case of loss, you can be able to afford that loss as well. Never ever just invest bigger money in start rather practice and then go for. In my case I only make my self as an effect user and trafer of cryptocurrencies when I taught myself on how to become self-reliance to be able to learned from own researched, self learning by reading more iseful tips here in forum and especially a massive study how the market goes around though unti now I couldn't know exactly what happen to the market. Beginners should follow basic market rules at first because it is very necessary for survival and then before entering into the market try to experience the crypto market from the less valuable coins that are Altcoin Litecoin and neo which are best for short term. In this way you will get experience and would be able to upgrade to the Bitcoin. It is true that Bitcoin is most profitable but you need to get experience for that. |
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The printing will make things worse if the country have not a gold reserve enough for it. As the money will lose value, if a thing has a lot of supply than the value in many cases decreases.
Quite right because the printing of money has this disadvantage that it causes inflation that is a consistent rise in the general price level. By this I mean to say that if you increase the money supply, your prices of the goods and services will also rise. However the state has an alternate way of rising the GDP by various methods and do not normally go for printing money. |
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Some times I usually think of the reason people are afraid of investing in cryptocurrency, despite the its value and durability, cryptocurrency is a standards investment that will always give the investor the chance of becoming a millionaire due to its appreciative nature, people fail to understand the fact behind cryptocurrency investment, most times the people trying to invest may not have a maximum knowledge of cryptocurrency.
I think there are many reasons why people are afraid to invest with cryptocurrency. may be one of them because the nature of cryptocurrency is fluctuating, the price every day can rise and also down. and the possibility of people who are afraid to invest in cryptocurrency, because they consider cryptocurrency like gambling. maybe also because they do not understand about cryptocurrency, as you say. they do not have the maximum knowledge of cryptocurrency. and there may be many more reasons why they are afraid to invest. To be hones I was also afraid in the start about thinking of making investment because so many people around you discourage you by saying it is a scam and stuff like that. After researching about the technology and the advantages if offers besides the financial freedom it imparts, I now know the importance of crypto investment. This is just their lack of knowledge and sometimes the falling prices as well. |
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I trade because of money and not for personal transactions. Money is a medium of exchange and money is a means for survival therefore money is really important. Trading is treated seriously if you are investing in cryptocurrencies as an extra income or a full time job for others.
Well both are the same things because if you trade for the money, it in turns gives you satisfaction and you are well off with having more money than actually having less. Besides, this is a subjective topic and many people just do not think about the money and are altruistic in nature by which I mean to say they are satisfied only when they help others with the money they earn in Bitcoin. It is good to be a sad rich man that a sad poor man. |
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I don't really understand how the altcoins rate can be tied to the bitcoin rate? They have different blockchain,different owners,different goals...However,we see altcoins falling with bitcoin or growing with it. I'm confused...
I think it is just because the Bitcoin holds a huge share in the crypto market and it can be thought of as monopoly vs. a small firm. If the large firm decreases the prices, people will shift to the large firm and the small firm will not be able to set as much costumers as before nor would they be able to lower the prices below their marginal cost. Having said this we are in a position to say that Bitcoin moves the market and has an influence on the rest of the crypto currencies. |
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Some basic common sense and math are missing in this prediction. $10mil per BTC would bring the marketcap to three times the current money supply in the world.
Even if BTC is the only currency by then, it would require us to have an average 10+% yearly economic growth worldwide. Year on year, for the next 10 years.
Let that sink in...
I am amazed to read this statement as it is an impossible prediction, we can not trust on this prediction because after 10 years the Bitcoin will be somewhere else we do not know about that. How can they predict for next 10 years as far I know that even highly accurate predictions have uncertainty in it after the appearance of actual value. as we know that Bitcoin has a lot of potential and can achieve any target but it depends upon the market. |
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We may see prices bottom out this month. We might see further dips in the coming months and prices would only bottom then, we don't know exactly what would happen. Even if there is a huge dump at the end of the month that you're suggesting (and it's possible, ofc), it doesn't necessarily mean that we've definitely bottomed out.
One thing is for sure, though, regardless of when prices bottom.
We're probably not going to see much bullish activity from here to the rest of the year. There could be short term rallies, but I don't feel like a major trend reversal this year is possible. Expect plenty of sideways movement and periods (like right now) with extremely small volatility, with some dips at times.
Something big can happen in the market in the upcoming days or in the upcoming months because this market has amazed and surprised us a lot in the past and this time it can act likely. The price may jump and may follow increase trend with little improvements and can gain stability but we do not know actually what will happen and that is why I decided not to give importance to this. I have though to get benefited with the market is any state, in low market I can invest which is benefit and in high market I will get huge profit. |
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I read that they are investigating criminal price manipulations over Bitcoin. Manipulation of prices is really possible ? This happened before ?
Yes there is an investigation going on to fish out those that are behind the price manipulation of a thing. The price of Bitcoin can be manipulated and is no surprise to me, even before I got in, I already knew that. Many even believes that what happens in 2017 was as a result of Bitcoin being manipulated and these people that are doing it are doing so to make more money and rip others off. There are also people who see it as an opportunity too. Miners would like to see the price of Bitcoin go high which means they will be making extra money for the same rate of work. By the way, the third rule in Bitcoin says ‘there are no rules’. |
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because bitcoin price now is down too deep and people are not expecting to see this. besides that, I think that they are a new people that still moan about the price of bitcoin because they join with bitcoin before December last year and they don't know that in 2011-2017, the price is always up and down and even they don't know that bitcoin price has already the experience at the $200-$500 per 1 bitcoin.
We all are amazed by the price of Bitcoin because this low price after highest value is looking irrelevant to us and we need at least the average price. but we are wrong and do not think that the market is controlling by the demand of all of us, with more investments the value will go high and that is what we need to think of. The price may recover soon if the demand rate improves and this will happen in the upcoming days because a lot of people will try to get benefit in this low market. |
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Yeah, always follow rules is the best way to stay away risk in crypto trading. I set up some rules for myself when trading and i ignore it last week, now i have to pay the price when the market crash. Not be greedy with anything is the best way to survive/
Do not give first priority to the amount of investment or the maximum amount you want to choose for trading because it may reflect in loss. The main priority to should be your knowledge about the market, the processes functions and the profit procedures should be under the light of market rules and principles. You are to learn all these before entering into a market. However, if you have knowledge then please step forward and invest with big amount. |
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