If we talked about regulation, there would be some consequences of this. The first question would be who is going to be authority? This authority makes decisions from which perspective. How much might this authority harm decentarlization?
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Decentralization is the key element of crypto currencies. Advancement in technology makes easier to implement decentralized system in many sector. Because it offers flexibility and speed when compared to former. Similarly, we are going to a financial sector which is decentralized and because only this way financial sector can fit into our age.
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Blockchain Technology can be applied anything you want and help to do transactions, payments, and aggrements easier and faster. Since crypto currencies are at the center of this technology and thay are the first practices, they also offers a lot to us. Just in a few years, practices of this technology will be in our daily life and crypto currencies will become our new tools for transaction and payments.
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If we create such a list and share it, many people find it easier to make payment by bitcoin and thus increase the demand for products and services of these companies. Because it is more common that such alternatives are known, people may prefer and they do demand the products and services of these companies.
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The process in the market is getting harder and this may disturb some people, but these practices increase the confidence in crypto market. This is something that must be done, I think.
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That's just a speculation and there is a small possibbility to see a price which is $10 million. I also need to add that a crisis may help bitcoin price to rise at a level, but nothing can stand to a global crisis which effects everybody and it includes bitcoin price.
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We need to increase demand for use of bitcoin in payment sytems. In order to make this there is only one way. To tell people how easy and safe it is to use it in bitcoin filing systems and to convince them. After demand comes, goverments can resist their voters and start to consider let use of bitcoin in traditional markets and business.
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Beeing a volatile investment tool and payment method are very different situations from each other and nothing can be in the opposite situations at the same time. Volatile nature of bitcoin makes it a good invesment tool for people who would like to take risk but it also limit the use of bitcoin as a payment tool.
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Like many people, I have those things and don't know what to do. I prefer to wait and I have many frends who do the same thing. I don't feel sorry for those coins and they mean a lot to me than their actual value on the market. Somehow, I can say that I love those coins and I feel myself connected with them in a different way.
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With such a high fee, some of people may prefer to wait. But they will have chance that let them to use coins which they don't use. Thus, it is a considearble thing and it might be useful for both sides.
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I don't think there is a generally accepted use in this regard and people do not pay much attention to this distinction. But it would be very good to know all of us the difference. Thank you for sharing this.
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Crypto is considered an investment tool, because of low adoption rate in traditional markets. Adoption is the most difficult and compulsive target for crypto currencies and there is a long way to go. But it will change soon and we heard about news that of a new way for adoption.
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Adoption of bitcoin have a potential to bring more or extra foreign investment to involved country. Also, many firms like firms that provide technologicals support for their customer in the use of blockchain technology or crypto currencies will be established and these firms create jobs for unemployed people. As people become more skilled by working on this issue, most of them may start to work companies from abroad. This will bring additional vitality to the country's economy.
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Illegal transactions might be easily made by using traditional transaction methods. There are so many island countries which are heaven for this kind of transactions and no one ask you where your money comes. Thus, I don't think that people who are criminals and make money by using illegal ways would prefer to use crypto currencies just for their anonymity aspect.
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It is understood that evn though China bans ICOs and trading they didn't, officials may not effectively implement the ban for ICOs and trading. Officials may take this decision for political reasons. Sometimes, officials may take a decision but this decision is not implemented properly countries like China. China has a greate potential but I think it is early to say that China is going to rule crypto.
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Since world economy is not in a good situation, there are only a few economy which are actually booming. There must be concequences of this and maybe we feel it on prices of crypto currencies. As in other countries, the economy of my country is also in poor condition and there is no expectation that it will recover in a short time.
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There are many possibilities that technology provides us and some people cannot benefit from them because of cultural reasons or impossibilities. This is usually not their fault. As Blockchain technology develops, more useful products and services that can appeal to every sector will be launched and will be allowed to participate by these people.
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Trends on price of Bitcoin is not determined by its level and there is no such limit. Since 20k ATH was a price above all expectations, price could not hold on to 20k. If we have good news on adoptin side and countries change their stupid attitue to crypto currencies, everything will change and price goes up.
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If a country prefered to be pioneer to accept certain coins and let companies which are from different sectors to use these coins, positive effects of this decision could override. Because foreign investments to this countries will increase and foreign nationals will also benefit from the products and services offered by these companies to provide additional income for this country.
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Although status of European Union is not very promising recently, members of EU have enough power to challenge difficulties that they have now. UK has been causing to a growing crack on EU, but other members show enough commitment to keep EU together and start to assume the responsibilities that UK has not fulfilled.
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