Based on the quoted text from the article, with Canaan Creative's planned IPO, together with retraction of ban to Bitcoin and other cryptocurrencies, would be a great sign of the start of the bullish market and we might experience it sooner than we think. But I don't really think the recent $10k pump weeks ago was caused by President Xi Jinping's statement, but rather is only manipulation. Another thing to note is that whales want to sell off right before the next halving to get the most out of the anticipated halving skyrocketing of price.
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Price manipulation can't be prevented in the market. I also have noticed high trading volume in the past week and it's either manipulation or just pure demand and attention bitcoin has been getting with the recent news about adoption. Still though, it's quite impressive that it retains somewhere near $9k region and with the anticipated bitcoin halving, I'm also postive it would reach higher prices and break current resistance levels.
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Most likely that those two news are related with each other. These recent news about continuous adoption by different sectors such as in business, charity organizations, and even other governments might have caught the attention of the Federal Reserve and have initiated their own move. However, given the fact that several altcoins already exists in the market, they might have a hard time gathering support and user base unless the government implement a nationwide bill that forces usage of such currency.
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Decentralized Apps are pretty much safe since it's open-source, meaning the code is open for public, and any exploit that would get the users private keys would be known pretty much quickly by the people using it and having background on its programming language/framework. Paper wallets are still by far most secure, but also most volatile since if any natural calamities happen, it would be pretty much gone, for instance, a fire.
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These news aren't bringing enough recognition to Bitcoin, but rather the technology behind it. Which is somehow good if the public would eventually research deeper into what blockchain is used for and hopefully discover about Bitcoin. Blockchain now is related to cryptocurrency and while they discover these currencies, the first and foremost that they would recognize is bitcoin. Blockchain does become more relevant which could increase market demand but it would take time.
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This post should have TL:DR, since this topic is discussed multiple times in the forum already. This so-called Quantum Supremacy by Google is nothing to fear about as of now.
Their quantum computer is somewhere only 50 qubits. The optimal quantum computer to crack current algorthms need to be at 200 qubits and up. Also not to mention that the technology would surely be utilized by cryptography/security experts that would develop such quantum-proof algorithms for these attacks.
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With the words used by the article, CONA seem to just plan to start their blockchain-related technology. But it's still a good sign of adoption to blockchain, not bitcoin however. This just represents one of the many use cases blockchain could be used in a variety of services and usage, and is not only restricted to handling transaction data. The blockchain framework is flexible and the only limit to its functionality is based on the imagination and conceptualization of the collaborative minds of developers.
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Burning supply would probably increase market price, but I don't think its effects would last. As soon as the prices would soar, people would just dump their holdings which would bring the prices back down. It's just for temporary hype and for hopes that it would revive its market. But for me, once it becomes irrelevant and people moved on to another coin in the market, without real progress and advancement in the technology and adoption, there's just little chance that it would get back up.
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UNICEF (United Nations International Children's Emergency Fund) just recently added to the list of organizations accepting cryptocurrencies. The organization, which accepts donations too and has main purpose of protecting children's rights and their access to basic needs, has established a Cryptocurrency Fund which in according to their statement, will be used to recieve and/or hold two top cryptocurrency in the market, Bitcoin and Ethereum. There might be other organizations but one thing's for sure, adoption is not stopping.
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Basically what you're talking about is altcoins. Altcoins, or other cryptocurrencies aside Bitcoin, aims to provide services and features that Bitcoin does not have, such as smart contracts and faster transaction time. And we have lots of them currently in the market, in fact, it's too crowded with over 4,000 existing altcoins today. Considering that, [1] having too many choices, [2] not many of them have the potential to revolutionize, and [3] these altcoins has flaws in security, they're not able to replace the much more trusted Bitcoin.
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i dont know what happen,please tell me if you know them !!! I see from time to time now crypto is similar casino online especially the exchange..
In its core, every investment is already a gamble. Whether it be stock, cryptocurrency, or establishing a business. So comparing the current market to a casino isn't really wrong. They just vary in degree of risk, and considering the crowded altcoin market where altcoins are having a hard time increasing in price steadily, rather only driven by FOMO and hype, it's just a gamble on where investors would invest their funds. That's why not until some altcoin has been made to revolutionize, Bitcoin would still remain on top of the market.
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Adoption is just one of the many factors that could drive up the prices. What's with an adopted currency if it isn't being used or demand for it is low.
I also do not fully agree on listing Bitcoin on stock exchange, it seems to be going nowhere. These companies listed on stock exchange are companies, with group of people that could be responsible if something goes wrong with them. Unlike Bitcoin, it's decentralized and no one would be backing it if something goes wrong, like an exploit or attack to the network.
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Although it occassionaly drops to near breaking the $9k, it still holds up and I'm positive that the next bull run will soon happen. I'm not quite sure how that IPO might affect bitcoin. As far as I know, IPOs are for the stock market and is separate from ICOs for cryptocurrencies. If they would also enter the crypto-market, then that could be quite huge. But until now, the price is still struggling to reach an uptrend.
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Until BTC isn't as volatile as today, it's not viable and I don't think would happen. A digital currency based on blockchain and decentralized, and is stable, is more acceptable than Bitcoin. Bitcoin is more of an asset, like your shares of a conpany in a stock market. But nevertheless, that cyberpunk future is possible, but I personally think that there'll be a better technology, much better than blockchain that we can't think of yet, since that time is too far away from now, given the poverty and current technology.
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Reputation is one factor before I trust an organization or a company my funds in cryptocurrency. When a new one is established, I will not get into it immediately and give them time to prove themselves in the market and when I see their company's practices are good, I'll give it a try. Reviews online and feedbacks are not hard to find so a little reading might help. The community is a good source of real feedback and you might also join forums and group discussions regarding the company's practices.
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What do you think?
It's most likely. Some factors include the following: 1. China's president Xi Jinping announcement of support to blockchain technologies. 2. Starbucks to offer cryptocurrency soon as a mode of payment, thanks to Bakkt partnership owned by ICE. 3. Continuous development and adoption of cryptocurrencies/blockchain-related technologies such as BTT by Bittorrent (P2P). 4. Bitcoin halving soon to happen next year. All of these news signifies continuous growth of crypto-space in general. Soon enough, demands would increase as supply generation would slowdown from the halving, increasing the price significantly.
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Taxing every single one in an exchange isn't going to be easy. However, exchanges and companies that would pay tax, could pass their tax fees to the traders, like existing taxes in receipts, and just like fees everytime they trade in the platform. The government couldn't identify cryptocurrencies as money since there's no real asset to back it up, it only exists digitally. The value is by supply and demand. So it's more of an asset than money, like a share in a company listed in stock market.
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It could have potential impact, but I doubt the pump to $10k is caused by that. It looks more like a whale buying into the market and is only a manipulation. However, it could still have an impact, combined with the latest news about Bakkt partnering with Starbucks, alongside with various players in the market entering the cryptocurrency, such as BTT by Bittorrent, and also to consider the next halving is quite near, another bullish run is possible.
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I can see a lot of applications for trading cyrpto-currency on Apple devices. I don’t have any apple devices with me currently, so are any trading platforms that work on Android on the Google Playstore?
A quick search through Google might give some exchanges that has application in Android platform. Personally, I'm using an application similar to an e-wallet for my local currency, but also has Bitcoin and other top cryptocurrencies such as BCH, ETH, XRP, etc. I'm sure you could find some but always make sure to double check the background of the application/company that's holding the exchange to prevent being scammed.
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I also foresee things coming together as early as now, and there's no sign of a bearish market. There are quite a lot of positive news that's coming to Bitcoin, or cryptocurrency in general. There's the news about Starbucks opening support to crypto through Bakkt, and the nearing halving of bitcoin generation that would impact the supply, and given the continuous or much more demand, would make the prices soar.
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