I think most people would lose interest if ever bitcoin died, because there are some coins that depend on bitcoin so if it goes down then these coins will go down with bitcoin as well. And most investors would need to pull out all of their money because they will think the rest of the altcoins will have the same fate as bitcoin will have.
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What you are doing is actually my strategy before, buying coins when the prices drop and then when it drops even more I buy another set of coins around the same amount of bitcoins I previously bought it with. But I realized after that trading scenario wherein I should buy coins at a certain amount like 10%twice when it first drop, then set a buy order twice the amount of the initial amount so around 20% and so on and so forth until it maximizes my target amount. Diversification is always the best choice when trading.
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Holding is always risky you will never know what will happen to the coin in the long run, that's why traders usually say to spend your money wherein you are not afraid to lose. It's like signing up for something but you already know the consequences and possibilities that you might fail. Everything is always a risk especially when money is involved.
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Crash meaning the huge dump price of Altcoins after Bitcoin skyrocketed? If that's what you meant then the answer is yes it will crash again once Bitcoin increases its price back again to $20k or more. That is just my observation that every time Bitcoin skyrockets its price, some Altcoins try to go with Bitcoin but when it reaches a certain point, it comes crashing down.
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Yes I have bought a couple of coins for my children. It may seem absurd to some but I took out my money from my savings bank account and invested in some coins. Basically the money I invested are not just for me but for my family who will need it someday, kept the private keys somewhere really safe and no one to get a hold of except me.
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My prediction would be that Bitcoin becomes stable just like the usual fiat money we have and once it becomes stable its transaction fees would go lower and be fixed around a certain range or amount. Especially when it will ran out of satoshis to be mined, Bitcoin becomes valuable and in demand. Hopefully it's value would be something, I can't pick out a certain amount of how much it will be because it depends but hopefully it will be really something.
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In my opinion the best coin there is to hold for long term would obviously be bitcoin, based on how far it had gone since 2009 until the present. Though it is constantly fluctuating, it finds its way to recover back most of the time. And always remember when you do trading, there is always a risk and you should be prepared to lose all those money you invested. But there are also altcoins that are good to invest if you want to diversify your money, there is Ethereum and NEO or even XEM which I am quite fascinated by this coin.
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Honestly I placed mostly my savings from my bank to bitcoin but I also bought some altcoins some time last year because I read it in this forum to diversify your money into putting your eggs to as many baskets as you want for as long as those coins I bought have the potential to grow interest at least more than what I got when placing my money in the bank. So I started out with at least 70% of my money in bitcoin and the rest are into 4 different altcoins.
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I think it probably can rise to 20-30k in next month. Howevet, it can fall again to 6-8k(
Yes bitcoins would definitely hit this value because of the fact that it is being used at a much greater rate as compared to the past whether it comes to the international market or the matters involving local currency. Btcs have replaced the national currencies of many countries in terms of investment and hence due to its excessive demand it would be reaching the scale at dollar 20 k. True however I think bitcoin will still stay at its current price now ranging from $9k-$11k+ and I think it will be stable within the next couple of months before it tries to increase a couple thousands more but not the $20k rate yet. Hopefully mid this year it will be able to recover from where it left off last year because of its high demand now in the market.
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I think if Ripple will be used in real life transactions, that will be time Ripple will increase its value but for now since Western Union is just testing the coin if it works for them, it is still a 50/50 chance it will progress. But hopefully though, they would be using it so Ripple can advance.
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Maybe those rich people who have come to know bitcoin invested their money in bitcoin. And there are some who were lucky to have bought bitcoin back when its price was very low and kept bitcoin up until now which could've made them rich. I know someone, not personally though that bought bitcoin around $100 with his retired money and now he is travelling around the world with his bitcoin money he gained.
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So far out of all the coins I had encountered, to me the one that really struck me the most which I think will really have a good future ahead is the Aventus coins. It has the most unique feature and it can be used worldwide on major events that could benefit a country's special event or some sort like for example Olympics held in a certain country. Selling tickets at such huge event is possible with using the Aventus project by using the coin. It would be so much easier to purchase legit tickets using the platform.
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If OP didn't sell his bitcoins then I'm sure you are rich now based on the price you bought bitcoin with which was at $4600. Usually if prices are falling what I do is that I keep holding my coins more for longer term but if it does try to increase back again then that's the time I try to do short trade using the altcoins I am holding and once I profit from them I sell them right away and hold them as bitcoins instead of these alternate coins.
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I honestly am not surprised by bitcoins price, in fact I am expecting its value to reach a certain amount yearly because of its history. If you look at the charts and see the development of bitcoin from the year it started until this year, it's progression is quite impressive. So one way or another I have already expected its value now, same goes with other alternate coins as well like Ethereum although its progression is much lesser than that of bitcoin.
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Yes I do believe that deep onion will have a place in the future, in fact I have invested in this coin late last year but hopefully it'll be big this year. Still following on to what's their next move to see if the developers are working on the project itself.
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Honestly it does make someone better in terms of financial capacity however don't rely on it right away. Especially when you get really good in trading, and you make profits more than what you expect; it is really helpful and there are a lot of opportunities in the world of crypto.
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I agree with was written which is mainly the cause of why the world has gone crazy with not just bitcoin but other altcoins as well. But you forgot to mention that some people would also want to be financially stable as well with almost not doing any kind of physical activity, that's why some people would want to invest all of their money to bitcoin for the hopes of getting more profits in the near future.
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It depends because I used to take my capital if my profits would double up from the amount I bought the coin in but now I usually buy other coins that have the potential to grow big like those new ICO coins; of course I gather information first before buying these new coins or tokens and sometimes if I need the money I would withdraw then to my own local currency site.
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Well since bitcoin is slowly increasing back again and obviously altcoins will be dumping too, it would be best to hold on to your altcoins and if you have budget for your investment buy more altcoins to diversify your investment. Just sell your altcoins once bitcoin becomes stable around a certain price and altcoins will increase back again so you'll have no losses.
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I think the banks will soon create their own cryptocurrency especially if the other countries are legalizing bitcoin which is what Russia just had announced. I can clearly see that in the future, and it will most likely happen in time. But I don't know if that is a good thing or not because it will be in competition with other cryptocurrencies that are decentralized.
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