Sometimes it is very convenient to have cash, but perhaps this is due primarily to the fact that not everywhere there is an infrastructure that allows you to pay with electronic money.
In our life there are many unusual situations for making various purchases not in specialized stores. In these and many other cases it will be very convenient to use cash. In addition, technology can always fail. I think that we will always need cash. This is a simple means of payment, which has long been tested by time.
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Whether there will be cryptocurrency banks will depend on what services they will provide and how much these services will be demanded by people. I think that such banks may well exist. If only the activity in the cryptocurrency had profitability for them. If their work is profitable, then, of course, they can work after the states legalize cryptocurrency.
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That fear makes a big loss from a country because unpredictable prices create anxieties to the government and fear of future losses.
The government can also regulate the market and the price volatility will be reduce. It's its nature that it's unpredictable, its because people are trading and the demand will increase or decrease, but with regulation, price manipulation will be eliminated. The government is not able to regulate the cryptocurrency market in order to reduce the volatility of the cryptocurrency. Yes, and it is not interested in this. As for banks, they will work as they have worked before. Cryptocurrency for them is not a significant danger. States will defend the existence of their banking system, so there is nothing for banks to fear.
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"Each person who wants to have their own currency" will be a logical continuation of tokenization. People will not need banks to get loans. People will generate their own money. And this money, unlike Fiat money, will have a real value provided by human labor, energy, talent and other assets. The exchange of values between people will be provided through the Services of the Global New Infrastructure. Cryptocurrency exchanges today are just a primitive forerunner of this future Global Service.
If each of us will generate our own cryptocurrency, no one will need it and will not have any real value. Also, the cryptocurrency can not be provided by human energy, talent, labor, and so on. These are all abstract concepts that can not be related to the performance of means of payment. Cryptocurrency should have certain useful functions, then it will be in demand.
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Hey guys Bitcoin price just jumped to 5800$+ I made a video below that looks at the latest news and analyzes the price jump of Bitcoin. Video is 5 minutes only and a quick way to get your daily dose of Cryptocurrency news without the effort. So please subscribe to the channel if you like the content. Watch the video here: https://www.youtube.com/watch?v=neZvFRkTE9UAlso agree with you. Bitcoin again rose slightly to the recently reached price level. This is a manifestation of its usual price volatility and there is not even worth looking for a separate reason for such growth. It will be interesting when from the current price of 5820 dollars it starts to rise above 6000 dollars.
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I think that of the proposed two options for increasing the price of Bitcoin a 500 and 1000 dollars a month, I think that the growth will be average. By the end of the year, we can see Bitcoin at $ 10,000 in its price. It would also be nice if Bitcoin and another cryptocurrency this year will grow in price more stable. Small deviations in price will, of course, be inevitable. I do not even hope for a big market growth this year.
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Now, when the level of fraud among ICO projects is catastrophically high, of course, the most realistic sign of the viability of such projects is that they have a finished product. For this, ICO teams should not rush into fundraising, but must first prove the reality and seriousness of their intentions. If the states continue to delay the regulation of this type of activity, the presence of a real product will be the main evidence that this will not be a fraudulent project.
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If I can't find a bounty project that's already listed and trading I'm done joining bounties. No matter how reasonable a project might be if the teams decided to stay anonymous I will pass by Whitepapers and roadmaps aren't enough anymore,developers should be ready to face the public and be ready to show me they are ready to work ,not experimental on 'it might became success or failure .
Of course, now we need to take a more careful approach to the selection of ICO projects than it was a year or two ago. To increase the likelihood of our participation in a successful ICO project, we no longer need to trust beautifully written documents, but look at the real actions of the ICO team, which can confirm the seriousness of their intentions. Of course, they cannot first start trading their new tokens on the stock exchange, and then only conduct ICO, however, if possible, at first, at least start preparing their product, it would be very desirable for us.
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If there is an opportunity to receive dividends, then it should always be used. Trading on the stock exchange could also always be profitable more or less, depending on the state of the cryptocurrency market. If you have experience in trade, then of course, now is the time to do it. since our coins and tokens began to grow gradually in price, at the same time showing ordinary price volatility. This is a good time to bid. I think that the market will continue to maintain a small upward trend, which will facilitate trade.
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Recently some positive news and frequent promotions from some platforms make me think if the bull market is on the way. The water period in southwest of China starts from March and believe hundreds thousands of machines will be re-opened to join the mining, meanwhile the mining difficulty will definitely rise sharply. Besides, many cloud mining platforms are moving these days: bitdeer, hashnest, genesis mining, cryptouniverse, bitdeer is the most active one, giving away gifts, coupons, even starting other crypto mining except bitcoin.
I'm not sure if it's a real bull, but seems we need to decide which is better for us : hold cryptos or put them in mining again. Is it a repeat situation of 2015??
It is unlikely that what is happening should be called a bull market or even preparation for it. Now we are seeing a good uptrend, which is too early to call a bull market. Throughout April, the cryptocurrency rose quite well in price, but in recent days we have seen a slight decline. Most likely, it will soon again continue to grow, but it is unlikely that we will be able to see significant growth, to call it a bull market.
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Not until we start seeing crypto scammers get arrested for real many new investors won't join,I have friends that won't join crypto because of scammers running away with ICO funds forever ,no way to arrest them and get the funds out of them,the few news I read about getting some scammers is not enough ,the more there is an effective way the less scammers will harm crypto
The problem with fraud in ICO projects is now the main problem of ICO activities and the development of cryptocurrency in general. The only solution to this issue is to regulate the activities of ICO by government agencies. They can completely rid ICO of fraudsters. In the meantime, states are not in a hurry to protect investors of ICO projects from fraudsters. They benefit from compromising decentralized cryptocurrency, but they will still be forced to respond to the commission of crimes by fraudsters. The situation is complicated by the fact that these are international crimes. The victims are located in different countries, and it is very difficult to establish the location of the crime and the identity of the criminals.
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As you know IEO trend is growing but i feel IEO is profitable only for those who invested in token sale but who have purchased altcoin after launched they suffer loss majority of the investors ,as the BTT and some other altcoin examples of IEO.
In the issue of the price of new tokens, IEO projects are similar to ICO projects. It all depends on the state of the market and the prospects of the project itself. If the cryptocurrency market tends to increase, and the project is promising, then the price of its token will rise some time after the start of listing on the exchange. While conducting fundraising in IEO mode enhances protection against fraud. Among the already completed about 50 projects of the IEO, have not yet heard of fraudulent projects. What will happen next, we'll see.
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In April, the cryptocurrency really performed well in price movements. Bitcoin during this time rose in price by almost one and a half thousand dollars and after it rose in price and the whole cryptocurrency. In recent days, the price has fallen a bit, but this can be regarded as the usual manifestation of price volatility. Most likely, the cryptocurrency will continue to rise in price, but not as high as many suggest. After such a big rise at the end of 2017 and a fall next year and such a long period of a bear market, there will hardly be a sharp rise in the price of cryptocurrency again.
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Such a growth of the cryptocurrency market, which was at the end of 2017 will not be over the next few years. Indeed, after a large increase in the price of cryptocurrency, there was a period of the longest period of the bear market. Now the market needs more time to be able to further large price growth. This year, most likely, the price will rise slowly and our price will not surprise us with a cryptocurrency. In order for Bitcoin to rise again in price to $ 20,000, it will probably take at least two years.
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This measure just promotes censorship. Russians don't get any benefit from this "Digital Iron Curtain" and they are not protected at all. The Russian Duma seems that they want to digitally isolate their civilians and don't let them have an open and free access to the digital world.
The Russian government wants to isolate its citizens from undesirable information. They want to introduce global Internet censorship. If you filter the incoming information, it is much easier to manage your people. They are then easy to impose their ideas. It is a pity that in the twenty-first century such a big country with a totalitarian regime appears in us.
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It happens, of course, in different ways. but I also noticed that ICO campaigns that promise high rewards. usually end up very bad. I agree that it is best to join projects. which have a finished product and high volume tokens traded on the stock exchange. However, such projects are becoming less and less.
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The last year of the ICO team in general rarely pay off bounty hunters. In most cases, they delay it and the fear of a fall in the price of tokens after payments and transfer of tokens to the stock exchange plays a significant role here. I have many ICO campaigns that have not paid theirs. tokens since last year. At the same time, I would not say that these are fraudulent projects. It’s no use accusing each other now. The situation with the activities of the ICO is now generally very difficult.
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I don't think 99 percent of all ICOs are fraudulent. Even now there are many good and promising ICO projects. Of course, now they are experiencing a very difficult time. To correct the situation, we need government regulation of ICO activities. If state bodies eliminate fraud in the ICO, they will again be able to be reborn.
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Of course, the role of the state and its legislative power in relation to the development of Bitcoin and other cryptocurrency is very significant. If the state does not support cryptocurrency and it remains not legalized, the infrastructure for using Bitcoin as a means of payment will not develop. She will remain at the level of her circulation between citizens.
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Most likely, the cryptocurrency of various states will be similar to stable coins, since they will have to be supported by them. These will actually be digital copies of national paper money. A significant impact of such centralized cryptocurrency on paper money will not occur. They will always exist together and will have a positive influence on each other.
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