Well if you don't know then they have been unloading those coins on exchanges directly for some time now. I think that might have been the spark for the bear cycle to start. I think the next hearing is in a few months in the court and that's when the next move will be decided of when and how to sell the coins.
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Will the market isn't worth few billion dollars that any rich person can buy the circulating coins. It's worth hundreds of billions of dollars and once someone starts buying all the circulating coins, the price is going to skyrocket, as the supply starts shrinking the demand is going to go higher and it will directly affect the price.
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No offense but this is a silly question. The coins that you listed are mostly forks and do almost the same thing that Bitcoin does. What if there is a problem in real world that Bitcoin forks don't solve than don't you think that there needs to be an altcoin developed that solves that problem.
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Well let's just say that cryptocurrencies are the riskiest investment. Its especially risky for new investors as they are prone to getting easily scammed and fall into the false hype surrounding a coin. Also if you don't take proper security measures then your coins could get hacked easily from your wallets.
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How to find a legit ICO is the question everyone asks but there is no way you are going to find a legit ICO in the current market scenario. Most if not all of the ICOs are scams or with no future. And the prices at which they are being valued is simply unsustainable. Some of the ICOs are being valued at a price more than the potential revenue they can earn.
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Before entering the bitcoin world one needs to be sure if he trusts and believes in the Bitcoin project, cause if he doesn't than he should stay away from it. But if he trusts it than he shouldn't worry about the price in the short term as it is going to recover like always after a bear phase and break its ATH to go to the moon.
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Well one school accepting Bitcoin for tuition from millions of schools isn't much if you look at the bigger picture. But I guess its a start. And the Venezuelan government created its own currency instead of using the Bitcoin. But one thing to look after is that the adoption rate of Bitcoin is growing at a steady rate.
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Why does increasing mining competition mean that people who have taken the profit on their Bitcoin purchases will be making a loss?
Because more miners entering the crypto space means that the Bitcoin network is getting more secure and stable and this means that more bigger players will be attracted towards the Bitcoin project. And by loss the OP doesn't means that they will suffer any real losses just the future earnings that they could have gained.
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Frankly speaking if you believe in the project of your coin than you don't have to read about any analysis regarding it. If it has a future then the price will grow automatically. Also you are right in saying that predicting prices in crypto markets isn't that easy and most of the time these analysts turn out to be wrong.
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Well as per the G20 meeting that happened few months ago, the governments have decided to not bring any regulations for the bitcoin industry for the time being. And some regulation is definitely needed in the crypto industry to prevent scammers from running free as there needs to be some fear amongst them.
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I don't think you understand how the markets work. Most of the times the price is manipulated by the whales and its not the regular crypto users who are dumping their coins. The whales manipulate the price to cause panic in the minds of weak hands and get them to dump their coins into their bags.
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Bitcoin already has the control over the crypto market. It is the only coin being used for entry and exit point in the crypto market. Also most of the exchanges have BTC as the base currency for altcoins pairings. Not to mention the prices of altcoins are still coupled with the prices of Bitcoin.
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Unfortunately there is no such mechanism to recover your stolen or lost Bitcoins. I think it is for the better, as if someone had the power to recover someones Bitcoins than he would have access to anyones wallet and that would have created centralization which is against the crypto principles.
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Because he doesn't invests in something that he doesn't understand, he has said it numerous times. Just like he was wrong about Google and Amazon, he is going to be wrong about Bitcoin. Its just about time. Also he hates on Bitcoin cause it threatens banks and he is heavily invested in bank stocks.
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I guess trying to create a decentralized currency is going to have its problems. You cant have it both ways. One needs to do his own research and apply common sense to prevent himself from getting scammed. Also the regulations are going to come eventually, its just that Bitcoin isn't big enough for governments to consider it right now.
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I don't think you realize how risky and volatile the crypto market is. You just risked your future with a currency that was already at its ATH at that time. Did you expect the price to keep on climbing. How much more do you think the coin would have gone up in price. Now you will have to suffer the consequences of your one mistake for many years to come.
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So just cause the price of Bitcoin went through a correction means there is something wrong with it? Do you expect the price to always go up and never go down. Bitcoin network is working fine as always and there is no problem with it. Also at this point I don't think anyone can correctly predict whats going to happen with the price of Bitcoin in the coming days.
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Of course the blockchain can survive without Bitcoin. There are already established coins like Ethereum which are ready to take the lead. Also its time to separate the association of blockchain with Bitcoin. Bitcoin is just a currency using the blockchain technology and isn't the only one at that.
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Lol, I don't understand why people give any value to such social media posts. Obviously every token creator is going to create FUD against the coin they are up against and its on us as to how we view it. If you believe in the bitcoin project than you don't have to worry about such posts and learn to ignore them.
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Yeah many analysts are prediction that Bitcoin could break the ATH by the end of year and reach $50k price levels. But given the long and big bull rally we went through last year I'm not so sure that the markets are going to enter another bull phase again so fast. The coming months will decide the direction of the price of Bitcoin.
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