There are a lot of people that is holding their Bitcoin for a price increase because it has now not the right value to sell it because you cant make now any profit and that is bad.
So patience in Bitcoin is also really important otherwise you cant make any profit with it.
so true. I also always pay attention to the current bitcoin price statistics, well, if possible I would probably buy bitcoin with large quantities and selling it when the price of bitcoin rose, although at this time I save just a little The most people with Bitcoin are holding it and that is also the smartest thing that you can do now on this moment because the value now is not even that high now so you wont get much money for it. And the most with Bitcoin are also indeed waiting for a price increase so they can earn more profit and that is perfect. |
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It is nice that there are now more people that is going to use Bitcoin and that is because there are also more people that is promoting is so that is perfect for the currency.
Of course it is hard to know what will happen with the value but you need to take some risks if you are going to sell it.
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The chance is gambling is pretty high that you can lose a lot of money with it and that would be bad for the most people because they cant stop with it and they will get poor in just a time.
So if you want to fix you life it will be almost impossible because winning in gambling is really rare and happens not often.
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350 will be to hard to maintain for a safe zone. I expect it to be somewhere between 300 dollar. Which is still 100 dollar more then the last low (200 dollar) which we achieved last year. So overall it is a good and positive thing.
Nah 300 is way to low for the new bitcoin low. I guess the low is somewhere around 330 dollar. The lowest price we saw after the halving was around this area We were stable at $385 for a long time and started to rise from that value. So I think $385 might be the low bottom of bitcoin. It would be nice if that can be the bottom because as you can see now the most people are also hoping that the value will be more worth and that would be nice. But you only never know what is going to happen with Bitcoin and that is the problem. As you can see now you see that the value is not even going to that high and that is because it was already stable for a long time but you also see that the value is going to be higher slowly. And that is nice for the people who already have Bitcoin maybe they can earn profit soon. |
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bitcoin can't replace the dollar until people stop exchanging their bitcoin into dollars
Even if people will stop exchanging, some compare system will be needed for bitcoin anyway. Bitcoin can't really replace dollar anyway and it's true. Yeah you are right replacing dollar by bitcoin is really not possible, but for bitcoin there is chances that it become a global currency and dollar come back to its home land USA, but dollar will still remain there. It will not replace soon and of course you see that the value is rising slowly of Bitcoin and that more people is using Bitcoin now and that is of course good for the currency itself. But there are still a lot of people that is using Dollar and dont even know how Bitcoin works and that is the problem. |
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The most people are storing there coin at an online wallet and that is because it is really easy to use and that is perfect but you also never know what is going to happen with the value.
But banks are hating Bitcoins because they see that they are now earning not that much because of the online wallets.
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The price was stable for a long time and many people dont like it because they want to earn profit of course but that is not possible now so they have now to wait a longer time.
And not everyone has the patience for it so some people are also making mistakes and that is bad because they dont have the patience to wait.
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Buying as much as Bitcoin at current price is long term investment. Buy and then just forget you have them. Lol. I mean after buying coins, just hold them until the price is is above 500+, 1000+ is even better.
Does it have risk? Of course! every investment has its risk, it doesn't matter whether you invest your money on Bitcoin or other currencies, there's still risk. It can't be 100% safe.
Every investment involves certain level of risk, as we are not aware how it will perform in future or how long it will survive and same thing goes with bitcoin too, Invest that you can afford to loose. It will be of course not that bad if you are making an investment in Bitcoin and that is because the most important moment is that you have to sell it on the right moment and it can takes a long time. But it hard to know when you have to sell it and that is the hard thing of it. |
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I think the growth of hashing rate is slowing down. With more efficient ASIC the power consumption should go under control... I have a feeling that many of the Chinese miners are on board for the gold rush and not planning to stay for long...
As long as the price of the bitcoin does not crash and there is profit to make, any miners will keep on mining. You never know what can happen with Bitcoin and that is the problem because there are still a lot of people that is hoping that the value will be more worth but you cant control it and that is bad. But it is the risk that you should take and that you have also to sell it on the right moment. |
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The price was stable for a long time and that is now rising slowly but if you want to make an investment now than it will be not that worst I think.
Or if you have patience you can wait a longer time until the value will be lower so the chance is higher that you can earn more money with it.
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Gambling will be not that bad if you addicted to it but you have to play with small amounts and that is the best tactic that you can have so you are not losing that much money but you must dont make yourself poor.
If that happens than it is bad and it is addicting because people think that you can earn money with it but that is actually not true.
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Anytime is buy time if you think the price will be higher later on.
I think only that time is right, when the price is low, and you should know that later on the price will be increased, than you get a profit, but if you buy the bitcoin at this price $500, so how can you get profit. so think about it and than buy it. It is not the best time that you can buy but if you want to make an investment in Bitcoin than it will be also not that worst now if you are making an investment around this time because the value is not even that high. But you have to be quick because it is going to rise slowly and that would be perfect. |
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For me, it's impossible US Dollar would crashes. Even if it crashes, other currency will take over US Dollar place, like Euro or Yuan.
I don't think bitcoin could replace it.
Fiat will just be replace by fiat also,when the dollar crashes most likely the euro will replace it as the top fiat currency in the world. The chance is already small that it can crash and that is because you also can see now that there are now more people that is going to have Bitcoin. But there are still a lot of people that dont even knows how Bitcoin works and that is the problem, so you have to promote it more. |
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The most people are hoping that the halving will be nice to them because they already waited a long time until the value will be more and they want of course make profit in a fast time.
And you also see that it is now rising slowly and that is perfect for the people with already Bitcoin
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No it is not because I do not want to spend any coins in real life but because I just cannot spend bitcoins where I am from the stores here just do not except them.
It would be better if you are spending it later when it will be more worth.
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It is a dangerous game gambling, it can take control and take you out. Only a few can really make a living out of it and they would be skill players like Poker and so on but in general I have never had much luck with gambling although fun it needs to be treated as fun and not taken too seriously.
You have to control yourself and think about the consequences if you go on with gambling. It is possible that you lose everything and end up un the streets. I am sure that it did not go that far with most people but it surely happened to some. |
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Where are all buyers now? Are they hiding themselves in holes?
People are not showing up because they are not happy with the price lately and they are just waiting for the price to change so they can either sell their coins or buy some coins. |
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Bitcoin jumped to a surprising 475 late this month, wonder what caused the serge. Hope the price can stay high for awhile.
The price is almost at $500 so I hope that we are going to hit this amount very soon. This will be useful for the people that want to sell there coins and want to make money. |
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I never spend any Bitcoins because I know that I can make money with it so it is not smart to keep spending them. I'd rather use cash if I want to buy something.
So think twice if you think about spending your bitcoins.
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Maybe because most people in Venezuala do not make use of the internet in that way. I believe that most people there do not even know what Bitcoin is so it is impossible for them to start using it if they do not even know what it is.
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