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Yes, bitcoin reduces time to time but it doesn't mean it go really deep because it always it managed to comeback. We had seen that drastic price of $5,000.00 and that's the below price it could get but still managed to pushed come back up to $6,000.00 in next few days. So, basically that's volatility at its work and no need to panic at all. Let's just keep supporting and hold for greater goods as early adopters.
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Everyone's quiet doesn't mean it's end for bitcoin, though bear market really gave great suffer defeat for some bitcoin holder but that doesn't mean to stop promoting and believing on bitcoin. Bear market is just temporary and soon bull run will be making noise this end of the year so don't stop believing and keep holding because at the end of the tunnel will always be light of hope.
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Yes and it's possible it could happen because there are lot of potential manipulation by some well rich people who could do that and i think it's really happening. Volatility is not the only reason bitcoin may changes all the time and other reason is the suppressing of price of bitcoin to benefit others such whales to have more profit that everyone else because they can dictate what would price would be.
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Bitcoin adaptation in Philippines was not good and popular as of today. It's good thing to know that some Filipinos are now in crypto currency and that's really a good sign that Philippines is having an open mind of what bitcoin really is all about and how it can change the financial scale and improve economic stability. I gave credits to the government that really pushed and accepted bitcoin and believing the ideology of it.
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There are speculations that bitcoin will surely rise next year and hopefully more investors would come in and be part of bitcoin community. Bitcoin has been ups and downs but i still believe bitcoin will recover bigtime until next year because it has indications that ETF will be approved by SEC soon in no time. With that approval it could sky rocket bitcoin from the top again.
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Governments are having a hard time accepting crypto currencies because of the fiat currency that are commonly used by citizens and it takes a great effort for such government to great adapt crypto as part of their economy. Though there are governments already accepted it and it has created great wave effects to other governments to widely accept it as well.
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Some accusations had been thrown out to big investors and exchange platforms but nothing has been to really proved it or whatsoever to clarify all that but i believe that big factor is always the volatility of bitcoin and it's inevitable. That's the main reason why bitcoin's price is not stable and because of that it scares some weak hands investors were panic selling because they might loss profit for that reason.
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#Joined Telegram Campaign
Spreadsheet No: 61
#Joined Facebook Campaign
Spreadsheet No: 65
#Joined Signature Campaign
Spreadsheet No: 15
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Many are speculating and expecting bull run before the end of the year and hopefully it would happen for us to have a better holidays. If not pushed through then it's okay as long as there are hope it would come maybe next year is good enough. Regarding bull runs is a massive uptrend's price of bitcoin which create waves to other alternatives coins and pulling them up as well. Bull runs effect could create more investors and bringing up good news in the world of crypto currency.
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This year was really not good for crypto currency because it had suffered great loss for some investors compared to last year. Bear market was all over the place and really changed the tempo and began endless downtrend that might scared some investors to sell dip price of their assets. That downtrend caused because of disapproval of ETF that really gave the hard blow for bitcoin and to other altcoins as well. Hopefully before end of the year we can see a comeback and making crypto great again.
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There are no particular term to consider a coin being dead as long as the community stop patronizing and showing no more support from investors, then it can be declared good as dead project. There are projects are considered already dead from the market because of lack of support from the crypto community and wherein to able for a project to live are always be the investors. On the other hand, bitcoin will surely be a live and kicking for how many years to come because it has great support from the community and investors as well.
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