Bitcoin has no value ? clearly you dont know anything about bitcoin. Are you a paid FUD spreader ? because people wont believe you here in this forum cause we know that bitcoin has a value like gold and dollar. In fact the current value of it is $6627 because investors trust it and the source of it's value are miners.
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Yes the root cause of this price crashes are mostly newbies panicking to sell all their coins when there is an FUD in the market that the whales manipulated and mostly done by spoofing(faking) volume trading transactions. Most newbies doesn't take time to learn cause they thought they can make lots of money in no time but when something unexpected happens they immediately pull out.
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It's doesn't matter if they regulate bitcoin because they can only tax from transaction fees anyways, If you decide to convert your money to USD. They have no way of tracking it's users because bitcoin has a feature called anonymity. And if US decides to ban bitcoin and exchanges from their country, there are a lots of country to trade on that doesn't put any restrictions because bitcoin is decentralized.
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Potential investors loses interest in investing bitcoin because the mainstream media is spreading news that bitcoin is nothing but a ponzi scheme so those with only little knowledge of bitcoin easily believes it and avoids it. Another main factor is volatility we all know that btc is very unstable currency but you can also capitalize from it unlike in the stagnant stock market.
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Absolutely trading because unlike online betting or gambling that is just absolutely pure luck and what your betting is absolutely random results. Trading is where you can anticipate how much you can profit from a coin you buy. Unlike gambling, trading has fundemental and technical analysis that you capitalize.
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The only one's that are selling are whales most traders are just converting their bitcoin or altcoins to USDT to avoid further lost then convert again to btc if the market has atleast 1% uptrend. And the other users of btc are mostly just hodling, the one's selling are the whales in order to bring down the price they're even making fake transactions to ignite an FUD.
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Miners will earn and mine through transaction fees when the supply reach to 21 million and the price should be dramatically increase because of the demand and if bitcoin manage to become a mainstream currency use around the globe then it will be valuable like gold. But that time will took a hundred years to happen.
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Yes of course you need to research the coin you want to invest in. If it has any new features that has something to offer to the investors, if it's a marketable coin, a token that actually has a good technology behind it. And has other sources of investment like physically invested into other things. Has good team and founder behind. The one's that actually exist.
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I see that poloniex and bittrex is gone from the list I can't blame traders because lately it's been having lots of issue and users has been reporting that there funds is gone missing. For me right now my best exchange site is unpopular one because it has fewer users and a few users has less issue and congestion.
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Of course no system is safe there are even exploits for cold storage. I believe it was intercepting traffic from a computer to poison the pc with malware then hijack the private keys. The thing is no matter how secured a system or software is there will always be flaws and ways to hack it and steal crypto's from you.
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That's why it's better to hodl then panic sell with the price dipping rapidly and unusually. Im sure a huge bullish run is coming and the storm will finally cease and bitcoin will be reaching new all time heights as history repeats itself. but that does not includes ETH and LTC because they're just altcoins and follows the trend of bitcoin, maybe EOS or TRX will take over the two this year who knows.
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The only thing that is left now is to go upward because bitcoin is already at it's all time low. You should monitor bitcoin price now cause anytime soon it may start a bullish run cause the price is unusually going down they say it's because of the hack of a korean exchange but they only lost about i think $2.3M where the market lost 300 million or billion. So my point is someone or group is trying to bring down the price of btc and reinvest.
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Social media and mainstream news is the number one cause why investors, traders, holders panic and results into an FUD. There are also other factors that affects the price such as price manipulation or spoofing of transactions in trading exchanges in order for people to panic and sell their coins.
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Well a site isn't really necessary cause i know some people who sells good and services through social media sites for example facebook pages: you can feature your products there without having to pay someone to build your own site. But if you really want to make a site. There are users here who offer such services.
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In this tough times you'll see the strong crypto currencies that are worth holding and investing. It's like weeding out worthless altcoins that is not really marketable, no new feature and just being use for ponzi scheme. In the end in this red days and very volatile market well sooner see a bullish run.
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You can do it in a trading site or exchange site or a bitcoin wallet provider that your country has. If your planning to convert it in trading sites first put an sell order for btc to usdt then i believe some exchanges sites supports withdrawal through paypal or paymaya then transfer it to your bank account then withdraw.
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Patience is virtue, it will go back to $20,000 sooner once the whales stop trying to bring down the price and making it cheap so it can be affordable and to reinvest into bitcoin. Right now we just need to hodl and earn bitcoins while waiting for an uptrend.
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The easiest way to not lose money is to actually invest your money into coins that's been challenge through time but still there, people buying it and it's still marketable. Dont waste money on projects that has no transparency. Investing is not bad it's the coin that your investing into.
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Absolutely i would love to buy one or two as long as the designs are great the fabric is good but i prefer the cotton type of fabric cause it's much more convenient and easy to wash and fold, of course with a cheap and affordable price. If that's what your planning your business could boom and become famous by crypto enthusiast.
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If you think your altcoin would survive this huge plunged then just hodl it and dont panic. But if that altcoin that you've invested in, is not popular and not even known i think you should cut your loses and move your money into much safer haven for investment like ETH, BTC and LTC. In the end it's up to you.
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