I don't like cash very much but I have to adnit that I still can't avoid it. There are still some services in my country that I use and that still can be paid with cash only. I don't think that cash will ever completely disappear. Although we are heading towards cashless society and credit cards and cryptocurrencies are playing more and more important role in our lives many people still can't give up cash. Some don't like to leave traces how they spend their money and some don't trust digital currencies.
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Many traders have become addicts, it's their new lifestyle. I would say it's nothing wrong in that as long as you have control and know your limits. But at the moment trading becomes your obsession that you can't control anymore and you submite whole your life and finances to that, you are in danger. So, don't ever lose control, that is my advice.
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McAfee is too much of an off the handle nut job. That's hard to say for crypto. LoL. Really though, he has some good ideas and advice, I just don't see him as crypto man of the year. I think he will wind up eating his own dick. https://diegorod.github.io/WillMcAfeeEatHisOwnDick/Yeah, today he is the crypto man and tomorrow he will say something that crypto community will not like and he will fall from the throne. This is not worth bothering, people just give to much attention to men like McAfee, whether they say good or bad things about crypto but they are not really relevant at all.
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On one side everything is saying they choose Bitcoin because it's independent and decentralized and on the other hand they are saying Bitcoin is manipulated. These things can't go together, it's the one or the other. I don't think that Bitcoin price could be manipulated in direction that one or the other interest group or individuals want. Some influence on price is made by whales but that is not so large extent.
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This is really ridiculous. Another bad attempt to discredit Bitcoin users. But I without give much attention to such pamflets, they will appear all the time. Puting labels on people without any reasonable explanation is just stupid. And since Bitcoin and cryptocurrencies promote totaly different concept itself, like freedom and decentralization this theory about right wing extremists makes even more lack of common sense.
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That is why I don't like tokens and ICOs, waist of time and money. You don't have much options. You can make the analysis and see if any one of them has any chance to get some good position in the market and wait for the moment when they will be worth selling. Or you can just hold them with patience waiting for something to happen. But for the future I suggest to you not to waist time, money and energy on something that is not worth it.
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This is optimistic prediction although not impossibe. It's definetely more likely than to think the price will cross 10000$. Still market is very inpredictible and it's hard to speculate about its behaviour. We see many prediction each day coming from different analysts, so called experts, blogers and plain users but they are actually just guessing. Maybe if the price begins slow and steady rise it might reach 5000$ by May.
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I always get surprised how people think they can actually affect the price and move it up. Maybe some big investors and whales have certain influence on price but small individual investors absolutely not. So there is no method or something you can personaly do to increase the price. I hope people will once understand that.
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Volatility is one of the key features of Bitcoin and that can't be changed. You can't freeze the price and keep the wanted value. Although sometimes looks like the price is standing still this is only temporary and even slight ones, fluctuations are always present. So you can't interfere in Bitcoin price in the way you want to and influence the market. Having in mind what kind of ideas people have, they really lack some basic knowledge about Bitcoin.
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There's no such thing as a crypto revolution.There's only crypto evolution,which means that cryptocurrencies will be adopted steady and slow. If the Proof-of-stake is really better than Proof-of-work,why the most of the crypto users are still using bitcoin,which is POW?I guess that POS isn't that great after all. Every coin,fiat currency of financial is just a tool.There's no way to implement fair distribution into some financial asset that has value/market liquidity.
At the begininig when cryptocurrencies first appeared that was some kind of revolution. Crypto was brand new technology and concept never seen before. Today I would agree that we've come to the stage of evolution where further development, adoption, regulation and new features are more important. Bitcoin is a very powerful tool that is a serious competition to tradional financial system.
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Hi guys, I agree that it would be much more spammy here without a system like merit, and that trading merit per se is not something good. I'm currently looking forward to become a Junior Member and just wonder how often it happens that someone actually gives merit to someone else? Is that only done for exceptionally good posts? Not looking into detailed stats, just wondering what my chances are. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Its just as bad as before and it may have even gotten worse. Merit did nothing to counter spam, it just encourages more shady behavior because now people have some type of black market currency they can also trade. I wish we had the old system back because I believe the merit system is truly broken. I see many great posters go un merited and it just seems wildly unfair. I completely agree. I can't see any improvement of merit system. Unfortunately people have found the way to abuse merits and it's obviously there are many who are trading it. I.don't want to say that merit is a bad concept, just that is poor executed and often abused by dishonest users who have made business out of it a kind of keep monopole on it. This should be changed.
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The situation on the market that we are having now I wouldn't call bullish. It's still far away from that, it's just smaller positive price correction which still doesn't show clear direction or trend. So, changes in both ways are possible and that also includes price dump. Would it be as low as 1800$ this is hard to tell, it depends on many parametrs. Still I don't expect some huge price downfall, it's more likely that it will stay in current range with smaller fluctuations in both ways.
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To my opinion Bitcoin could be manipulated in some extend although not that big as Wall street. Whales already have their role in Bitcoin manipulation whether we like it or not but as I said crypto market is not such corupted as fiat and I think it will never be. It can't be fully controlled and manipulated because cryptocurrencies are not functioning that way that would allow to individuals or to institutions that take over it.
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No, Bitcoin isn't stable and it will never be. You can't judge only related to current position, this is only temporary phase. Volatility is in Bitcoin nature and actually price changes all the time but sometimes this is hardly visible. Sooner or later price will change on a larger scale and then the true nature of Bitcoin volatility will come in the light.
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just like when engine was invented and horse and carriage went out of business and became obsolete, banks will eventually become obsolete as bitcoin and in general decentralized money becomes popular. that is how the world has always worked from the beginning of the world, you can't fight it.
the only way banks can survive this transition longer is if they adapt with decentralized world. start offering services to bitcoiners and things like that.
This is something that would happen in ideal world. But in real world banks will survive and cryptocurrencies will not replace fiat money. Yes, banks would have to adjust and they will with time, they will probably also start to offer their crypto related services to clients. But at the moment without regulation and legal framework cryptocurrencies can't be so easily embeded in financial system without huge risk that should be accepted. Everyone who knows something about finances is aware of this.
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I thought that we passed the phase where cryptocurrencies were connected only with illegal activities and also considered to be one. Pedophiles like any other criminals are looking for anonimity and think that crypto could enable them to hide their identity and hide from law. Everyone has access to crypto and this is something that can't be controlled but you can put crypto in bad framework only because some people abuse it.
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Definitely, If the ETF is approved definitely bitcoin will gain much from the current price but I don't think it is still going to be approved for now but maybe in upcoming years
ETF is not the only thing which can increase the bitcoin price. A lot of exchanges and investments are coming in bitcoin and the fomo of Halving will also start soon. Bitcoin is following the pattern and if things move as expected we can see another bull run by the mid of next year. Bitcoin will cross 50,000$ this time as predicted by many experts. 50000$??? People, let's be realistic, this is much too exaggerated. And true experts wouldn't rush in such unreasonable predictions. I don't see that any trigger will start such huge price growth. Not ETF not halving can't influence the price in such huge range.maybe only temporary and in a much lower scale.
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The big advantage of Bitcoin compared to other investments is exactly the fact that you can invest small amount of funds. Thus you don't take big risk and you can learn and get trading experiences on real money but without too big exposure. Still investing as small amount as one dollar makes not much sense. You can't get the real feeling will so little money invested. Also, there are still some deposit limits on exchanges.
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Volume is calculated from daily buy and sell trades. Maybe there is just more of day traders that are buying crypto and selling it in some hours after they get a necessary profit? In such case you can take your 100$ and buy BTC and then sell it untill exchange fee won't eat all money. In this case those 100$ will cause thousands of trade volume.
I would say that with price rise more day traders appear who wants to use opportunity for profit. This still doesn't mean that the overal number of investors appeared. But I would say that investors are always present on the market but they are adjusting their activities according to the current situation on the market. Some new investors will come if current small price rise becomes a trend and Bitcoin price gets up from the current dead point. But that is yet to see.
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We just hit $4K a few minutes ago and it looks like we are not out of steam yet. Looking at the open interest, there was a small amount of positions which closed, so I am thinking we will test $4200 again for the 5th time and this will give us a peak into the future of Crypto.
Its basically simple we will either hit $4200 and go straight back down to $3100-$3500 or we will break $4200 and head into the $5-6K terrority. And the $6K will be a tough nut to crack.
It's a very possible scenario thet the Bitcoin price crosses 4000$ and goes back to 3000$ or 3500$. Some small growth like this now always gives hope to users who think the price could finally move from the dead point but there is no guarantee this will actually happen. At the moment I wouldn't give any predictions at all, let's wait couple days and see how the situation will develope because every scenario is possible.
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