What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
In my opinion any business, but especially the small ones should be open for any way to obtain income in a legal way so it is normal for businesses to adopt, at some point, bitcoin and other altcoins. I agree, small businesses don't have much choice and on the way to be successful and to promote themselves they should be more flexible. Still adoptig Bitcoin or other cryptocurrencies could represent a risk for them because of many issues connected with crypto as a payment method. But without risk, there is no profit so they should step out.
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Well, everyone who wants to trade cryptocurrencies should start somwhere, so newbies too. You will not get any experiences at all if you don't try on your own. To my opinion it's very important for them to start with smaller amounts and to get well informed before they start trading. Also, it's important not to have too big expectations and to go one step at the time.
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I think most people either sold or hedged their Bitcoins right before it hit $5800 (which is strong resistance) and now that its in this area they don't know what to do. Do they cover and hope that BTC will eventually reach a new ATH, or do they hold their hedge/short and use a huge stop loss somewhere way above the $6000 area and hope not to get stopped out.
There are many people who are bullish right now, and since we are at a critical resistance level, its not a good sign. However the market was pretty strong recently so there is a chance we might get more upside to the $6000 area.
Yes, there is a good chance for price to reach 6000$ in the upcoming period. However, it seems that is still kind of struggling and fluctuating back and fiorth so at the end it might happen that crossing 6000$ might be harder than expected. At this moment I'm not expecting too much and the option for price to get under 5000$ is still open.
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People have a statement that bitcoin is lacking in its promotion part, to my understanding as it is decentralized no authority take responsibility of promotion. These day the service renders accepting bitcoin have been making their involvement into promoting of bitcoin. One main problem with promoting is the sudden increase in the userbase which will get the governments have an eye over the market. At times this might serve as a problem for growth of bitcoin.
Yes, there is no authoritiy that is responsible for promotion and there will be no any. But users themselves and different unformal organizations that garher bitcoiners and other cryptocurrency supporters should take more care of it. Of course that governments will not promote Bitcoin because majority of them still haven't rekognized and regulated it.
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How much popcorn to prepare, my friend? The rally may last long and may be over tomorrow already. Bitcoin is totally unpredictable, but as all of you guys I would like that it would be just the beginning and we will see more positive surprises in sooner time.
Exactly, Bitcoin is unpredictable so I don't agree that one particular date could define anything, especially not for long term. Besides, I don't think that I have nervs for any kind of predictions at all.
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Actually I don't understand why is Bitcoin compared with gold all the time. Yes, both Bitcoin and gold are types of investment but to my opinion they are not competition to each other and Bitcoin is not trying to replace gold as an investment. Also, gold is more conservative and traditional type of investment that will always exist and Bitcoin is moder type of investment that attracts more inovative and risk prone investors.
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Bitcoin is decentralized and it's not tied to any financial authority. Also, the goal of Bitcoin is not to fight banks. IT gives the new ways of finances but still it's not threat to banks. Banks will continue to exist and run their business but with time I'm sure they will include Bitcoin and other cryptocurrencies into their services.
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Although the market is seems to recovering and the price is on the rise it's very hard to draw the line where bear market stops and bull market begins. Also I'm not so sure that bear market is really over because it can't be said for sure if current price growth will continue and if current trend will grow into something more permanent.
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Nothing is perfect, everything has the good and the bad sides, so does blockchain too. But blockchain is definetely the best technology that we are having at the moment amd could be implemented for different purposes. It's much more secure and reliable and what is the most important it enables secure data that you can't change or interveene in any way. That is the huge potential for privacy protection and it should be used in best way.
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Central banks are regulating monetary supply in their countries. They are printing new money not because they are so dumb and they inflating their currencies but because they need to boost growth of their economy. There is absolutely no gap between economy and technology of blockchain. They are just operating in different fields and central banks don't really care about it.
I can agree with the first part of your explanation and yes, central banks are there to care about monetary stability and support the conditions for stable economy. But I don't agree that they don't care about blockchain. They are also very well aware of future and developing technologies, they can't escape that. But they are obliged to a lot if law regulations and therefore more cautious. But cryptocurrencies will not endanger them because they will adjust.
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Bitcoin is recovering and I think it is aiming to get back and hit it's ATH. I think it would take much time so let's just wait till it happens . Seem's like the bull is making it's way to get the crypto to the moon again.
Judging from the graph, the market is indeed undergoing recovery but it is not necessarily recovering to its ATH peak. Too far to chase ATH that happened before. At present, we can only listen and help the current movement in order to increase market capitalization and volume of market activity because the movement of these two things is a major influence in being able to restore long bearish market conditions. I would say that Bitcoin is on recovery path but that still doesn't mean that it will get fully recovered. Market is in good phase now and the volume is growing but that can change easily again and there is no guarantee we will enter the bull run. So I'm still very cautious with predictions.
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Don't forget that many had the same expectations for the last year too, at least for the second part but at the end they were disappointed. Also, this year didn't start according to expectations but at the moment it looks like slight recovery. Still this isn't a bull run and I don't expect it yet. If recovery continue this will be a slow process with ocassional fluctuations and corrections.
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Personally I prefere steady growth over some sudden price rise. But that still doesn't mean stability and continuity in price rise. Bitcoin has thought us over time that volatility is one of its most important characteristics. So the current growth that we are having now still isn't guarantee this trend will continue.
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I don't know what to say but that this is one of the most foolish things about Bitcoin that I have heard. Religion is defined as belief in and worship of a superhuman controlling power, especially a personal God or gods, it's a kind of social phenomenon Bitcoin is technology, asset of value and there is nothing supernatural or religious about it
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I really can't understand why are people so obsessed with Satoshi Nakamoto. I mean I can understand the curiosity as long as it has certain limit of decency. Satoshi, whoever he/she/they is/are has decided to keep the privacy and not to reveal identity so I think we should respect that.
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Actually I wouldn't agree. At the moment we can see that the price is slowly growing but that definetely couldn't be called steady growth because price is fluctuating, every fews days goes back and forth. Still the trend is looking good but no matter that it's hard to predict how this will continue and if in some time we will have some continuous growth. Don't forget that Bitcoin is volatile.
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I think this is not only the problem of Microsoft and it's not only targeted for cryptocurrencies. Hackers will find every way to get to the goal they want so this could happen not only to Outlook users but to everyone else. Besides, I think that users have much bigger responsibilty than they are willing to admit. Security and safety of your data and cryptocurrencies it's depending on you and your responsible behaviour.
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I think that paying for goods and services with Bitcoin is becoming more and more common. I usually buy goods for Bitcoin online but I wish there were more physical stores that accept Bitcoin. Also, in the future I would like to see the possibility of buying real estates or vehicles with Bitcoin. I guess regulation is one of preconditions for that.
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I have also heard some words against coinbase . But I did not face any problem yet where I have used coinbase for more than 2 years. I think the issue can be a misunderstanding between the support and the users. Users should wait patiently for solving the issue. Hope supports also response as soon as possible.
Every now and then some accusations against one of the exchanges appear. I think there is no exchange without any complaint at all. So Coinbase is not exception. But we have to make the difference between some bad users experiences and real problems in exchange functioning like legitimacy, trustworthy, fraud or similar. I beleive that in most cases the problem is misunderstanding between user and customer services. Also don't forget that many times users also violate terms of use and they often are not objective. So when it comes to legitimate exchanges with good reputation that are long time on the market before making some conclusions it's needed to know all circumstances.
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We can't stop people to compare bitcoin to other modes of payment because bitcoin in the first place was actually made as a mode of payment. The difference is just bitcoin is a multifunctional and decentralized digital currency. People will keep comparing it especially when they're not well informed about what cryptocurrency really is.
Right. Comparing the payment method of BTC with other payment is normal. In my opinion, this is stimulation or driver of the progress of BTC itself and so that everyone knows about the advantages of BTC. With the advent of this comparison, many of the merchants and retail and online shops and even coffee shops will be tempted to applying the BTC payment method. If Bitcoin is used as a payment method then is kind of normal that is compared to orher payment method, that is inevitable. People like to know what are advantages as well as disadvantages and quality comparison could give you some good results and guidelines. I doubt that this will attract merchants to implement Bitcoin as a payment method because for them Bitcoin still has a lot of issues and that is the reason why is not more adopted by businesses.
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