Anytime of the day, no matter what is the price of bitcoin, you are still in the right time because bitcoin has just started yet, IMO. We can say that investing on it is already late if bitcoin has already reached its peak price.
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We already know bitcoin's rule in the cryptoworld and how cryptoworld is going to look like if bitcoin doesn't exists anymore. Though cryptoworld will never be the same again, but i think it will slowly start a new story of its own as a new alt coin is going to take over in the absence of bitcoin.
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Since nobody can really tell exactly what's going to happen with bitcoin and the cryptos this year, so it's just up to us whether we will speculate or predict it positively or the other way around. With the current status of bitcoin, it is still unclear if we are really in bullish zone or still stuck in the bearish trend.
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Being so volatile by nature, expect bitcoin to plunge even deeper as more and more people are selling of their bitcoin holdings due to FUDs and other negative news being spread on the internet. But that's not going to stay like that too so just hodl as long as you can because bitcoin will rise again.
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I've been into crypto and in this forum for a couple of months already and the one of the things i learned about crypto is to become patient by hodling the valuable and potential cryptos that i have in my digital wallets no matter how long it takes.
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Couldn't tell exactly whether we have a refreshed market or we are just having a pump because the recent spike that we have experienced last week dind't last any longer as bitcoin falls down to 8K USD mark once again. Well, that's what bitcoin is, full of surprises.
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I think it depends on the business that you are trying to establish, what products or services you are dealing with and of course, the relevance of it for using bitcoin as mode of payment. Consider those big fastfoods like KFC who are using already bitcoin as payment for their goods, i think they're using already successful integrating crypto in their business.
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Who really knows if bitcoin will or will not reach 20K USD this year again? It's about your faith whether you will believe that bitcoin will rise again and that this year will be much better than the bitcoin we have seen/witnessed last year.
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I have a feeling that this year is better for cryptocurrencies than last year. Why? Because bitcoin is showing us an early price hike before the end of the second quarter. Considering that last year is the year where cryptocurrencies unite in the global financial system, i expect that the demand of people on cryptos will rise this year too.
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Every time bitcoin has to rise, there's always these resistance that's seems hard to break. Bitcoin now has fallen back to the bottom of 9,000$ mark and we'll just see how it will bounce back again and hopefully bitcoin will have an all time high before this month ends.
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The first three to four moths were referred to as the bearish trend experienced by the cryptocurrencies. Corrections being made so as to make bitcoin more powerful and in preparation for yet another surge that will probably make this year a brighter year for bitcoin than the last couple of years.
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That's not seems to be the case even before i read this topic and indeed, the speculation really failed so bad as bitcoin insists to catapult its value from 6K USD to 9K USD now. It only falls down to 6K USD mark and it never went down below anymore until now.
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One of the very reason of bitcoin's recent downslide of its market value is the fact that people are selling their bitcoin holdings be it during bitcoin's price hike and much even more during bitcoin's falldown because there are people who are selling off their bitcoin due to fears, uncertainties, and doubts.
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Considering the fact that using digital currency as the main currency for paying goods and services, then that's what already we call as cashless society. But what's disrupting it to make it to reality is the drawback that these digital money has. How can we ever pay our the food that we eat in the restaurant if the establishment went offline before you ever asked for the bill?
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Once a crypto is being listed in various cryptomarkets, then it is already starting its journey in the cryptoworld whether or not this coin will exists in the long run or it will just fade away. But as long as their is a demand for it, then it will surely exists longer.
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Because basically, bitcoin can help boost a country's economy. With its constituents are given opportunities for them to earn profit through online jobs like participating in various bounty campaigns, there's no reason why they can't help boost one's economy.
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Without second thought, i will choose to invest in the former because even if it's a risky investment, but it's the investment that can make you wealthy in just a couple of months or in the long run. Thus, keeping bitcoin in your wallet for a long period of time means a lot of money.
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That could be possible too because the government and banks can simply hire a group of people to make a crypto currency for them. This is really possible because the government and banks might get an idea from Ripple which is also a cryptocurrency that is backed with big banks across the globe.
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I theorized that these people who are dumping their bitcoins are actually selling their bitcoins at a better price. No one would ever love to dump their huge amount of bitcoin because they panic. It can also be that these people lose interest and that they sell their bitcoin because they wanted to buy another alt coins.
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It was long before the date of this OP being posted that bitcoin skyrocketed so high at 20K USD. If people have bought bitcoin during that time, then they are supposed to be enjoying their large profit from bitcoin already. So don't worry when prices goes down because it's an opportunity for us to buy them at lower price too.
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