Every investor who loses trust in crypto investing because of the some bad moments and period of low price, it's not even meant to be an investor. In every investment there are ups and downs and that can't be avoided but it's up to your knowledge and skills how will you handle this. Investor without confidence is not good investor and can't be successful.
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Bitcoin is still the most valuable and profitable cryptocurrency right now, and it is predicted to keep this first position for several coming years. So it is always profitable to invest in BTC, regardless of its actual price, because the price is volatile and going up and down all the time almost.
"Regardless of its actual price"? What does that mean? Is the price pumps to $10K and the price are having a sign that it will be dumping you will still invest? No, you should look at the price as it is really important. Not just important because it will give you a profit but it is, it really is. It is the reason why you invested in cryptocurrency or Bitcoin in the first place, to earn money. Yes, people invest in Bitcoin because of profit. But when it was said that is good to invest in Bitcoin regardless of its actual price, it was meant that maybe at the moment the price is low but because of volatility this will change and the price will rise. So, now it's the good moment for buying more coins for the future profit.
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As far as I know many users have made such mistake, at least once. Usually they don't check the address which is a crucial mistake. Even if you copy it or scan through QR code you should check it. Since Bitcoin transactions are irreversible you can't get your money back unless someone from that wrong address returns Bitcoin to you. Which I doubt. So, learn from that mistake.
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Among so many coins I would still stick to Bitcoin and ETH for a long term investment. Many might call me conservative but I think these coins are still the best for making profit. To my opinion everything else would be just the waist of time and money. So far no other coin hasn't drawn my attention so that I want to invest in it.
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Well, he isn't completely wrong. Using Bitcoin in business is still very complicated and risky and often tied with many difficulties so I would not say that he is afraid of Bitcoin because of competition but he is quite realistic. Especialy in some countries is hard to use Bitcoins for business because of very strict laws and regulations oposed by government and tax authorities and it's true that at the end you need fiat money. But I hope this will change in the future.
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It's understandable that many are losing patience waiting for price to rise and market to recover but it's impossibe to predict when the current situation will end. Some thought 2019 will bring major change for Bitcoin price but so far that didn't happen. Bear market will not last forever, sooner or later this will change but the question is how many users have enough patience to wait for that.
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If it is true that 5G will be 100 times faster then 4G networks then we will benefit from that speed and the things we can accomplish with the speed in terms of downloading. It wouldn't take long to download and synchronise the entire blockchain if those speeds would be supported. But I am not sure that it will benefit bitcoin in terms of better adoption just because it becomes so much faster.
The speed of 5G might be advantage but otherwise I think this will make the ness.Many device at the moment are not compatible to use 5G but I guess there will be some time to adapt. Regarding Bitcoin, I don't know if there will be some benefits become in essence Bitcoin doesn't require such high speed.
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Sometimes you just feel "lucky", the profit is right and the market is green and the feeling of making money excites you and carries you away so at the moment you stop thinking rational and forget all important rules about the trading. This could cause to make some serious mistakes and judgements. Although we are not robots and not all emotions could be switched of it should be avoided to fall under influence of emotions of any kind, too much excitement or too much anger. They will both blur your mind.
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Yes. A sudden fall from $4150 to $3700 disappointed so many as everyone was holding thinking that the value will more go up. But one of my friend said, he exchanged his bitcoin when it as $4000 and around. A good sign though. The growth trend is really welcoming. Hope to see a bull run in coming days.
Many was disappointed because they started to celebrate too early thinking that bull run has started. That only shows how they didn't learn anything from the similar situations in the past and that they forget how the Bitcoin is functioning and volatility means. Nothing that happened with the price wasn't a surprise, it's just another lesson how it's not clever to make premature conclusions and especialy not to make decisions based on them.
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This example is just showing that security is on the key issues you should be aware of. Unfortunately many users ignore safety issues and don't pay enough attention what kind of wallets and exchanges they use and how can they protect themselves. Learn from such mistakes and take care of your coins, don't think such things happen to someone else.
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Unlike Warren Buffet, Steve Wozniak is pro Bitcoin. The fact that such powerful and successful individuals are discussing BTC is achievement on its own.
I wouldn't agree with that. People just give too much attention and importance to the statements of different CEOs, so called experts and similar. But don't forget that in first place they speak because of their own promotion and interests, not because of Bitcoin. And in some other occasion they will say something else, so why bothering at all.
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But at the same time we must encourage mainstream media as they are the only effective promotional methods to take cryptos to new people.
I came to know about some employees are demanding about salary in BTC by 2013 in Yahoo news which made be curious to know more about bitcoins (it was like when other people were rushing to have bitcoins, why myself also should not). Hence, we cannot ignore mainstream media completely as they got their own power to serve for cryptos at positive times.
I agree we mustn't ignore the mainstream media but like with everry other source of information we have to be careful about the content and use the comon sense and criticism. That also applies to social media, different blogs, so called expert opinions and articles and similar. To my opinion the problem is not so much in media, they are doing their job better or worse but the problem is in people who don't know how to evaluate information they get on.everyday basis.
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First of all big investors made the manipulation in the market from there the market started to downfall and panic sellers are already there to bombard the market too. If the price is down just make use of it and buy as much as you can and sell if the price pumps.
Big traders just love panic sellers, they enable them to make profit. The basic rule of trading is to buy low and sell high, the question is only how well can you estimate if to buy or not, is the price low enough and also if to sell or not, if the price is high enough. On that depends how skilled trader you are and how much profit will you make.
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Let's be honest, it's just the feature on the mobile phone. This will not have impact on the market, such expectations are exaggerated. It's a positive news because other companies would probably follow this example to stay competitive and on the general level is good news for cryptocurrencies overall but don't expect this will rise the price. Even if it will, this will be in a very small range and short term.
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At the moment Bitcoin and other cryptocurrencies can't help economy on a global level. They are still not adopted enough and spread equaly. To some statistics only about 2 millions people are using Bitcoin which is not a big number. So Bitcoin can help on an individual level but for something more it should be formaly regulated and introduced into economy systems and that is not very possible at the moment.
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I think it can be both,though I prefer the normal term - Trend.
If you observe the market you will notice that Bitcoin still trends or move in wave form despite the bear market. Though the movement is concentrated around $3200—$4500 you can still profit from it. The most important thing is to buy when it moves downward and sell when it moves upward.
For something to be called a trend it should be in continuous mode for a while and or repeat in the same or very similar way. So current movements in the market I wouldn't call a trend. It's temporary positive correction that pulled back again and it's yet to see how the further situation will develope.
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Well, I think that we all could have learned that despite all.analysis, charts and trends in the history real market behaviour and price trends can't be predicted. That is why we always have to be prepared for all kinds of scenarios and always have some back up plan and strategy that is flexible enough to adapt to the situation on the market. It's maybe the most important lesson.
Market will recover sooner or later and the price will rise but we have to have enough patience to wait for that.
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I can't see how Bitcoin could reduce the global debt. Maybe some individuals have managed to improve their personal financial situation and reduce their debts but on the global level and countries level such influence isn't recgonized. Although at the end Bitcoin is at some point again converted to fiat currencies it would be very hard to track and measure the impact of Bitcoin on global debt scale and to see some tangible resulst Bitcoin should be globaly regulated and fornaly introduced into economic system.
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Well, I.wouldn't be so full of ideals. Yes, Bitcoin maybe could unite people but not like itself but more because of the profit that enables. Money was always more powerful than politics and religion and Bitcoin could be put in that category. Unfortunately, there are less and less users that actually beleive in Bitcoin as a way of living and new view to the world, profit is the thing that connects Bitcoin users.
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Africa is bigger cryptocurrency market than many think or have prejudice so new exchanges makes sense completely. I think it will have nice trading value and people always prefere local exchanges if they are available so if it will run business on proper and legitimate way success will follow, no doubt about it.
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