a tough choice when having to choose one. because I also use both for investment. yes, as you say, bitcoin has a very valuable investment value, while altcoin has sophisticated technological developments and promising long-term investment assets.
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if you don't know for sure about the state of the crypto market, it's better not to trade first. join in this forum is the best way to learn all about crypto. from start trading, investment, to bounty campaign. and the most recommended for newbie is bounty campaign. I also like that when I first got to know crypto.
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because the government has stated several times that bitcoin is illegal and will close it. of course bitcoin users who already feel the benefits of bitcoin, are worried. including me. if the government closes the bitcoin, there is no more promising investment land.
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We are entering an era of multiple digital currencies, and many of them will survive. Bitcoin is certain to be one of them, but it can't be number one for every factor. Where do you think Bitcoin will stay as number 1 - Store of value
- Services in addition to simple money transfer
- Convenience
- Security
- Investment/speculation
- Safe transfer speed
- Privacy
- Freedom from globalist control
- Other
they are also owned by ethereum, although ethereum is still under bitcoin about that criteria. and which is definitely the highest bitcoin price today compared to other coins.
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just because bitcoin reaches the highest price in history then falls drastically, can not say if bitcoin will die. from the beginning it is not stable bitcoin prices, and more precisely fluctuate.
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when prices fall drastically. then the price will start to rise little by little, and we've started to see a small profit. then we hold it again for longer time and get big profit.
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still to buy, because we don't know what will happen. who knows if bitcoin prices will rise to the moon by the end of 2017? we must also always have such an analysis, so we do not lose the moment when there is a drastic increase in bitcoin prices.
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$ 3000 and at that time I still do not know about investing, and just follow bounty campaign. while in bounty campaign, I received an eth exchanger when it cost $ 150. I guess at that time I would get bitcoin, but it was not. now I already know about investing and know how to get it.
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bitcoin is more valuable because of its fluctuations. if bitcoin becomes stable, bitcoin will not be too valuable even though the price far exceeds gold. the moment that people think is valuable is its fluctuation, because the opportunity to buy when prices fall and sell when prices rise to the moon is a very long-awaited moment by bitcoinners.
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when will join the bounty campaign and also ico project, try to find it ourselves, not a recommendation from people. even if it's a recommendation, we should know for sure the truth of the ico, not just a picture of ico alone, but the whole of ico project. I say this because sometimes people who share info about ico, they do not include in detail the project of the ico. and the next, do not be easily fooled by big rewards, and see also participants, many or no followers, last do not forget join to telegram group.
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as it currently is okay as long as the government does not close its exchangers. if the government legalizes bitcoin, then the exact impact is a large fee for each transaction. and we would think twice if the fee is big, because we certainly need a small fee to keep profit.
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we will still be fixated on a rigid and inflexible investment world. how difficult it is to start all that. we need many parties to start investing, such as property investment or gold.
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bitcoin is perfect as a means of payment. there is no difficulty to verify and also the transaction goes quickly. will be much different when you try to use paypal or the other as a means of payment. I've proved myself, bitcoin is easier and faster than paypal.
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I always compare the price of bitcoin and etherum, why can't etherum pass the bitcoin? after I read and studied it, it turns out the basic theory that affects the price of crypto is supply and demands. we take the example of bitcoin, bitcoin supply is 21 million, and now its circulation is almost reaching the limit and demands on bitcoin is very high makes its price rise to the moon, because it can be called as a rare asset. whereas etherum, the supply of etherum is unlimited, and although demands of high etherum even pass through bitcoin, but the price of etherum is difficult to pass the bitcoin because unlimited supply of etherum.
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I think buy and hold is the safest way, but not the only way, because there's still trading. why do I say buy and hold is a safe way? because for example we buy bitcoin for $ 10, and we hold in the long run, then at a moment its price goes up to $ 100. we will get multiple benefits. while trading, we should always watch the bitcoin price chart, because we should not miss a little price increase. a little difficult, but trading can generate profits in a short time.
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Do not be fooled by the market cap. It is just a mere multiplication of the current price and the total circulating supply and nothing else. Thus, the market cap is not there to dictate the past, current, nor future price but rather, the market cap is there because there is a price. Simply saying, there is no limit in Bitcoin's price. The price will continue to increase as long as the demand is constantly increasing.
such is the definition of the effect of bitcoin prices. actually the most influential on the price of bitcoin is supply and demands. let's say the supply of bitcoin is currently limited to 21 million and its circulation on the market has almost reached that limit. but demands on the bitcoin remain high, that's what will make the bitcoin price rise higher, because supply is getting thinning.
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many of them are newly emerging coins and surely they are drowning out of competition with popular coins such as bitcoin, etherum, ripple, and others. they will promise good prospects, but fail at the end of their targets. we must be more careful now.
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the government's fear of bitcoin is the ease of transactions and the speed of transactions using bitcoin, thus allowing illegal transactions such as illegal arms purchases, to money laundering.
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bitcoin is not only a new way to save money safely, but can be profitable by holding it for long periods of time. humanity can also use it as a means of transaction, of course with the agreement of both parties. In this new era, bitcoin really really helps humanity.
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given the high bitcoin prices and also the public interest for transactions using bitcoin is very high, the government raised fees for each transaction charged to the owner. I have also heard this news last month, to be exact news from the south korean government regarding the tax on bitcoin. in this way, it is very burdensome users. if the fee is 1%, it is still reasonable.
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