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As always crypto market was painted red all over again but it doesn't mean that we have to push the panic button. I still believe bitcoin can still recover from the big loss this year, it maybe slow but surely that what matters. Let us get our hopes up, bitcoin can recover.
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Your opinion is accepted but sorry to say that it won't happen, investors and holders would not allow that to happen. It may scary if it will reached that point and could turn out to a sell out. Let's just keep our hopes up and trust bitcoin to breakthrough the price barrier to the moon this year.
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You cannot really tell or predict what's gonna be the price of bitcoin, it's unpredictable since it has volatility attached to it. Mr. John McAfee always keep predicting and always hyping the price of bitcoin but it turns out not to be as he was predicting this year. So it is best just let the investors and holders dictates the price what should it be.
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Simply because bitcoin is decentralized and with that governments and banks cannot control it or manipulate it. Hence if they no authority to control they have no gain or profit on bitcoin. Lately there are some changes on how government treats bitcoin nowadays, some countries already accepted it into their economies which a really a good news to all. It can attract more investors and stabilize the market's price and gives other countries an open mind to accept and embrace bitcoin as well.
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Before putting venture on any bitcoin investment sites be sure to google first and find some good reviews about it. Mostly scam sites offer too good to be true program and by that you should be thinking twice and doubt that promised profit is impossible to reach. Having on bitcoin is already a risked to begin with because bitcoin is unpredictable and also the same as risking on ICO / HYIP / PONZI. Just be ready of everything could happened, invest what you can afford to lose.
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You refer to silkroad incidents that bitcoin was used to illegal transactions to buy or sell illegal trades on deep web, so the answer is yes. Since bitcoin's transactions are anonymous then it can be used for illegal acts without exposing personal identities to the users and much worst bitcoin was used on scamming people like hyip for an instance.
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It would be comfortable using bitcoin when all countries united together to adapt and prosper bitcoin in their economies. With these it can grow a large scale of opportunities to all holders and investors to have a stable price and healthy market as well and we can live a prosperous lives without poverty.
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Investing on crypto such as bitcoin or any altcoins always expect the consequence because you are taking risk from the beginning of your venture. Volatility is big downward of any crypto currencies but mind you once a token hitting the big waves in market then you will be having a good profit to it. When putting venture you should consider buying when the price is low in the market and hold until the price go up.
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First and foremost, be a good citizen, abide and obey all laws implement by our government, participate all activities that can possibly help your country grow and prosper. Since you mentioned economically, then pay your taxes in order to gather support funds for the future government projects to be developed for the benefits of all citizens including yourself.
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Their is no exact amount or price bitcoin could reach because of the volatility it possess but we are hoping it can reach as higher as we could imagine. If that happens, then all of us will be benefactors. Let's help spread bitcoin as well to increase it's investors to possibly achieve that price dream we all wanted to.
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We cannot really predict or control the price of bitcoin, that's why it has volatility effect on it. Some people holds bitcoin sometimes do panic selling if price is going drastic and they felt they may lose profit if the price go downwards more that they are not expecting to happen. Bitcoin holders should put more trust on bitcoin because in the first place they took the risked already on putting venture on bitcoin.
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