Regardless of the communication platform there are scammer, telegram, discord, Facebook, Twitter, Bitcointalk. It doesn't matter.
Exactly, the platform isn't important at all and you can't say that one or the other is more populated with scamers. They just use all available methods and communication chanels looking for naive users. It's important that you are careful and that you don't buy their stories about quick and easy profit or miracle tools and methods for predicting price or successful trading. Use your brain and you will be safe.
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Many of them went bankrupt because they could not choose a good coin, many also bought only because they wanted a high increase regardless of the quality of the coins they bought, and when the market went down the coin coin would go down even further, ending in cut loss. So the suggestion is that I buy coins that have a clear project.
To my opinion many of those who went bankrupt were too greedy and often took the loans for trading. So, the reason they went bankrupt wasn't the choice of wrong coins but the fact they didn't know when it's enough and when the conditions on the market changed they couldn't return the loans. Dealing with cryptocurrencies is not so simple and easy like many think and there is no guarantee you will make profit. So if you not experienced and snart enough you easily go rover the edge.
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It was kind of expected, I agree. Many started celebrating too soon, dreaming about Bitcoin price to cross 10000$ or even more forgetting how easily price can change in both ways. Nothing terrible happened, it's just another correction but I'm just trying to say that it's not good making conclusions and predictions too soon not knownig how market actually is functioning and how behaves. In the current situation it's better to make short term decisions and choices.
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Bitcoin passed 4100$ but at the moment price also pulled back a bit. It's a positive movement but still isn't guarantee of some stable and continuous growth. But it gave optimism to the users and that reflects on the market and investors so let's hope it will initiate further growth. But I would prefere to see some continuous growth rather then some sudden pump.
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There is no doubt that some big and important institutions are holding Bitcoins and I'm sure there are also some prominent banks among them. They wouldn't like to admit that in public because that might be against their official policy or not according to their reputation but they are doing that. Thry havd alao seen their opportunity to make money with Bitcoin and to deal with cryptocurrencies, they just can't admit that in public.
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There isn't a kill switch to kill the network but they can always come up with a law to ban bitcoin and that is going to bring bitcoin to sub $100 levels which nearly means killing it.
If something like I described above happens bitcoin won't die but it might take 10 years before we see $1k levels again. In a situation like that the adoption will die almost instantly. No BAKKT, No CME, No coinbase, probably nobody will be able to trade bitcoins with USD and USA can shut down all the .com websites. We already saw it with btc-e.
This is the worst case scenario but I don't think there is danger of something like that really hsppening. To my opinion most governments in the world are not thinking to ban Bitcoin at all, just the opposite, they have accepted it as a new reality so I don't fear that governments or central banks would cause the downfall of Bitcoin, that could only do users by themselves.
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And what is actually happening? The price has grown few hundred dollars but that still doesn't mean anything substantial so don't have such exaggerated excitement. It's good to see optimism but don't forget that you might get bitter and disappointed at the end and that will not be the Bitcoin's fault. Let's not make premature conclusions, let's wait to see if this is just one time and temporary or the trend will continue.
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It's a very small increase and I would rather call it some positive correction. Besides it's very hard to predict yet if this increase will continue or the price will pull back again. And to say at this very moment that the price will go all way up to 20000$ it's exaggerated. Don't rush with conclusions it's too early to say that market started to recover and such high price in this moment looks impossibe.
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I don't know how accurate this statistics is but still it's supports my theory that majority of countries is not trying to supress Bitcoin like many think. The attitude towards Bitcoin changed for the better with time and in many countries you can freely use Bitcoins without any question asked. Also, more and more countries are regulating Bitcoin not to ban it and to put it out of the law but to give it some legal framework and to enable it to be introduced into economy and society.
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Depending which exchange you watch but not everywhere Bitcoin has crossed 4000$. Even if it did that doesn't actually mean anything because the price pulled back and besides this price growth was too small to be the sign of some substantial change on the market. Don't celebrate too soon.
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In order to get accepted and used people should learn more about Bitcoin. Educational articles and short educational films or cartoons should be published, especially on social networks, we lack that. We have many so called Bitcoin experts on social networks but what we need is more of some simple, easy understandable education materials to be spread there. People should change their attitude towards Bitcoin and cryptocurrencies in general and look at that as new positive technology that could help to make their lives easier and better.
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I still wouldn't call current situation a change, at least not significant one. It's a minor positive price correction which is good to see but let's not be too optimistic too soon. There is still long way to go untill we could say that the price and the market is recovered. Let's hope this small increase will become a trend and that price will continue to grow but untill that happens and the price crosses 6000$ I would be careful in predictions.
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From my own perspective trading without any loss it's not possible. Sooner or later you will face the loss but the most important thing is how you will deal with it and do you manage to recover from that. With trading experience and skills you will learn how to minimize possible loss and how not to get into situation that you couldn't get out of that and that your loss will not exceed the profit. When you learn that you will be good trader.
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This is too strong comparison. Although at the begininig when Bitcoin first appeared some users had the strong belief and Bitcoin was much more then just the new technology and digital currency, it was morw about the way of life and new way of thinking. But today many see it only as a profit and way how to ger the money so I wouldn't compare it with religion.
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Actually it's a small increase and it's not so significant. To small to be some serious sign of market recovery. This rise was a good opportunity for traders but is still a very long road to go untill we could say that Bitcoin price is again on the track. So, it's good to see that people are getting more optimistic but don't get too excited and too optimistic too soon, you might get disappointed at the end.
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Samsung is fighting competition which is very harsh and this is probably the decision they made to be at least one step in front of them. Which is definetely good news for all cryptocurrencies users and Samsung will get new customers. But it's yet to see how will this function in reality and what will be security features and possible vulnerabilities, that is very important.
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Well, the first aim of Samsung is to sell as much phones as they can so I see this as an advertisment. They hope to get even more customers, especialy those who use Bitcoins. Smartphones could be very convenient for storing Bitcoin especialy because we carry our phones always with us but maybe not the safest, at least not for every user. There is no 100% security so besides storing Bitcoin there choose also some other places to store your coins. To split your coins is the safest way, if something happenes you will not lose all your coins.
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It's a very good news that Bitcoin is increasing trading volume. That also means that the number of users increases too. I think that is strongly onnected with current political situation in Venezuela and if things were differen t Bitcoin maybe wouldn't be given such a big chance. People feel a bit unsecure not knownig how the political crisis will end and what will happen with their national currency. So they see Bitcoin as a kind of alternative that might help them if economic situation becomes even worse.
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Making a poll would help you to know if how many would agree. BTC has maybe touched $4,000, which sites you are using as your reference?
it's not a big deal to me, I know one day it will touch over $4K, the patience will remain and we have the full year to do that. The bull run may come now or not but I'm hoping this year we will see a real bull run.
In case you will add a poll, count my vote as no.
Come on $4k is not an impossible price for bitcoin. You could even say it's very cheap to present bitcoin at this time. prices can rise to $4k at any time. even much higher, so you're just speculating about this, I dare guarantee the price will definitely return to $4k soon It's not far from 4000$ at the moment but it looks like it's reluctant to cross that value. The other day price begun to rise rather quickly but then stopped and now like is moving back and forth but not over 4000$. I think the price will rise further but untill it doesn't cross 6000$, 7000$ again I will not say that market is recovering.
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For me it's very important that they run legitimate and transparent business and obey all regulations amd laws. Because in case that something goes wrong and law enforcement investigate them and find irregularities they will also seize all funds and you will lose yours. Exchange has to be trustworthy and you have to know who stands behind it. Then it's also important the good and quality customer support and volume of trading. I.think that today it's rather easy to check the background of any exchange and it's very important to do that in order to prevent that you lose your funds and get in sone aquard situation.
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