If you think that trading is easy then maybe it isn't for you. Successful trading requests a lot of dedication, spent time on the market, lot of knowledge and experience and there is still no guarantee that you will get profit and it's certain that sooner or later you will experience the loss too. Many have ended bad just because they thought trading Bitcoin will bring them easy money.
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I wouldn't say that governments are trying to stop or ban Bitcoin but they are trying to regulate it. In order for Bitcoin and other cryptocurrencies to become part of financial system and accepted by businesses they should be legaly regulated. The main thing that bothers governments when it comes to Bitcoin is lack of control and because of that they feel threathend. They are also responsible for their countries and wouldn't like Bitcoin to.be used for illegal purposes or financing terrorism so I think this is very complex issue and government are not necessary the enemies of Bitcoin.
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Hackers are looking for the money. Cryptocurrencies are good target because very often they remain unprotected. As well as some exchanges. By that I mean mostly on personal wallets and online wallets who could be especialy vulnerable. People are not as careful as they should be anf often don't protect their coins. And we are all aware that people are the weekest chain always making mistakes. Also, by hacking cryptocurrencies hackers get the money that is easier to hide traces than when you steel physical money. For hacker internet is like playground with endless possibilities to get the money and they are using every opportunity.
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I'm not so sure that decision on ETF is so crucial for Bitcoin and that will change that much. Also, this year isn't more crucial for Bitcoin than any other. Every year matters and reflect the progress that Bitcoin has made and that is not only the price. In fact currently is hard to predict how the price is going to move in the next weeks and months and the market still looks kind of silent and stable. Demand is still low and until that change the price will not change either.
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To my opinion 2019 will not be some miracle year. I expect for price to recover but that might take longer that some expect. For a while the price will not change much and to achieve values of 6k or 7k again might be the process that could take even six months or so. Currently there is not much demand on the market and that is the reason why market is standing still and the price is not rising. Anyway, I think that expectations for this year shouldn't be too big otherwise we all might get disappointed.
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Actually I don't agree. It's true that some see it as competition and a factor that could make serious disturbance in well established economic system but I wouldn't say that bankers hate Bitcoin. They are just very cautious. Also, I think their attitude has changed over time and they also realize Bitcoin could be one source of profit for them too. But they need legal and legitimate assets for business so for banks to accept Bitcoin one of the primar conditions is regulation. To my opinion with time situation will further improve in favour of Bitcoin but such changes don't happen over night.
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In general I think that crypto banks are good idea. They would enable better Bitcoin related services to users and maybe give some security and protection to the users. Of course they should be fully regulated and under control of financial system. On the other hand such idea in practice could be made completely wrong and I know that some users are afraid of centralization and control such institution might bring.
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I stopped counting long time ago. It's like some kind of ritual, every time when Bitcoin price is dropping people start to write that Bitcoin is going to die. I'm using Bitcoin for a long time now and such annoucements have no relevance for me at all. This is just the sing that there are always users who don't really understand the concept of Bitcoin and how it's functioning and their only interest is profit. But Bitcoin is much more complex than that and even if some failure will happen that will not be suddenly and over night. My policy is to ignore any claim how Bitcoin is going to die.
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There is no definition of right price. This depends on your estimation, how much are you willing and can invest and how much risk you are ready to accept. Basic rule for trading is to buy low and sell high but in practice this is not always easy to do because it's hard to predict the movements of price. That is why good traders need to have a lot of knowledge and experience to be able to judge properly conditions on the market and when is the good moment for investing. That isn't easy and that is why we don't have much good traders who are able to make decent profit on a regular basis.
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Fluctuations in price are small but I think there is still room for profit. Price is not changing suddenly and in big range so it's maybe good moment for not so skilled traders. Experienced trader would find any option to earn something even in the conditions on the market like we are having now. No matter to that in order to make some profit you still should spend a lot of time on market and take a risk so think if this is a game for you before you spend your money.
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According to some posts here on forum, yes, there are some and I suppose they are very frustrated. Some of them have already sold their coins and accumulated loss that would be hard to recover. Some were maybe more patient and kept their coins so they still have the chance to turn loss into profit. To my opinion the main mistake at that period were too big expectations and too big greed for profit. Some even predicted that Bitcoin will go up all the way to 50000$, which was exaggerated, but some beleived and bought Bitcoin at 19000$.
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I'm not sure if this is really grounded analysis based on facts or just a way to try to wake optimism in investors and encourage further investments and his personal opinion. The time will tell, I guess. Anyway, it's good to start the New year with positive news and hope that market will recover.
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To my opinion it's kind of natural to accept Bitcoin. They are digital stores that need digital currency. Today we don't have enough online stores that accept Bitcoin and we still can't buy all sorts of goods with Bitcoin unless we have Bitcoin debit cards. Also, today people are looking for alternative ways of payment that are fast, convenient and easy to use. Once when big and global e-commerce platforms will accept Bitcoin on a regular basis as another payment method equal to fiat money and credit cards then we could say that Bitcoin made a big and important step towards mass adoption and adoption by businesses.
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This sounds really funny to me. No matter if someone likes and supports Bitcoin or not what is the use of want for Bitcoin to die. And what exactly that means? Everyone has the free will to do what he wants so you can use it or not and those people who don't like it should just avoid it. To wish for someone or something to die no matter the reason is vicious and mean. Especialy if something so progressive is involved, like Bitcoin. It's just the new technology with idea to make changes and progress in financial world.
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I guess some people only like Bitcoin if the price is rising. When the market is red they blame Bitcoin and whole world for their loss forgetting that investing was their own decision and no one has forced them to do that. I always say that Bitcoin is not for everyone and not everyone should get involved with cryptocurrencies in general. But it's human nature, they usualy see only good sides and when things go wrong than everyone else is to blaim.
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I don't see how exactly could such association help the market. Actually, I can't see what would be their interest and how could that reflect in positive way on other users. Anyway, everyone who steps in the market has its own interest and works to realize it no matter the interests of others so some will win and some will lose. No matter to all that I don't think that market could be so much manupulated to fulfill someone's wishes when and how he wants it.
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I think that the most important things are running legitimate business and quality customer support. That is why it's important to check exchange reputation and history, are there any scam accusations or law enforcement actions against exchange, are they performing KYC checks. To my opinion volume of trading is not so important but on the other hand this will also come with all mentioned conditions fulfilled. I think there are so many exchanges, maybe even too much and sometimes it looks that is hard to choose the right one but on the other hand you can always get the list of trustworthy and recommended exchanges, even here on forum.
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Nope, miracles don't happen and Bitcoin doesn't need them. Cryptocurrency market has good times and bad times, volatility is natural part of the process. At the moment Bitcoin is in "down" phase but this will not last forever and the price will recover as so many times until now. Don't lose trust in Bitcoin every time when the price is low, there is nothing in this world that is always in positive path. Have patience and trust, that is all.
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I really can't see how the crash of stock market and bull run are connected. Stock market and cryptocurrencies market are not connected, at least not directly and as far as I know there is no prooven connection between these two markets. As well as connections will real estate or gold market. As many times so far I think that these speculations about bull run are just wisfull thinking without any solid ground.
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Bitcoin was created because the founder satoshi wants to make peer to peer payment system. He would use bitcoin as the peer to peer currency, so it is not a 'nonsense invention', it is make sense for me. But i still wonder about the value of btc, why it's value is so expensive.
I think bitcoin is not a discovery, but someone's creation, so that they know that someone's creation can develop. but indeed the fact that bitcoin is able to grow rapidly, because the longer the bitcoin enthusiasts are already quite a lot, to the point that sometimes we cannot count them. Exactly, Bitcoin was not discovered but invented and with a purpose. But some didn't bother to get informed first before they start to write nonsense. So far I have learned that in periods when price is low many users are so frustrated and angry that such posts with not much sense appear. First of all they show how they don't know anything about Bitcoin, how it's functioning or any other basics so there is no point in explaining.
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