I'm with Bitcoin since 2013 and in 2014 joined the forum. It's quite long period of time if I look at it now. I've been in good and bad times involved with Bitcoin and I feel no regretts, although not every my move and decision was right and I didn't always made profit. But I never invested in anything else but Bitcoin and I don't have such intentions. And any time you join Bitcoin community it's not too late, you always have your chances.
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If you have defined your trading plan with clear goals and set limitis for funds you can trade it's more certain that you have also diminished the risk of losses (at least big ones) and that you will not make some random and fullish decisions. And in any moment you can make some changes and adjust your plan according to your needs, profit or losses you have made or anything else. Anyway, it's good to know what you want to achieve and how will you do it.
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bitcoin still not have in our country and I think it is not available in worldwide. only few country have ATM of bitcoin. around 3k atm have worldwide according to articles.
That is no such big number. Maybe I'm wrong but I have the feeling that Bitcoin ATMs are not so popular as they used to be and that bitcoiners don't use them so much anymore. At least that is the case in my country. Couple years ago ATMs started to appear everywhere but now for a long time there are no new ones. I think that users have other ways to get Bitcoin or exchange it to fiat money.
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maybe for countries that have formalized the crypto currency as the currency that applies as a legitimate currency of course it is very useful because it is more practical efficient and fast but in my country crypto currencies are still prohibited for transactions directly
I use only Bitcoin, for few years now. It's mainly for paying for goods in the stores which has become much more easier for me since the Bitcoin debit cards appeared. To do that Bitcoin doesn't have to be formaly recgonized or regulated and you can use it everywhere in the world which is a huge advantage. Using Bitcoin through debit card is not direct Bitcoin transaction so that shouldn't be a problem even in countries where Bitcoin transactions are under the special attention of governments or financial institutions.
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Why I'm not surprised? In fact I don't know any cloud mining service that was actually legit and made to keep their business. At the end all users of such services lose their money.sooner or later. That is why I always say that to keep away from cloud mining is the best decision you can make. But still there are always people who will fall for their tempting offers.
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It's easy and convenient, it's much less under control than fiat transactions, availability everywhere where you have Internet connection, independency from other payment systems and financial institutions. To my opinion these are the main reasons why people like to use Bitcoins as a payment method. Also virtual currencies are future and people, especialy young generations, are less and less willing to use traditional payment methods like cash or plastic credit cards.
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I'm not so sure that bearish trend is over. To my opinion there are not enough indicators on the market but still so far I have learned that Bitcoin can always surprise us. No matter to that I think it's good time for buying because this phase will not last forever. It also looks like some big players are accumulating funds. Also the new year is comming, who knows what might bring to Bitcoin so we have to be ready.
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Yes I would like to call it financial democracy, in democracy people are free to chose any govt so as in Bitcoin structure people are free to do financial transactions w/o any third party involved due to its decentralize structure. I see it as tough competition to financial dictatorship controlled by big financial institutions.
Exactly, democracy means that people have right to choose and Bitcoin definetely gives you alternative and choice. The problem is that people often mix democracy with anarchy and that everyone can do what it will without any rule and that isn't true. That is why I see that some think Bitcoin should be without any rule and they mix centralization with regulation so sometimes we have quite a mess when it comes to freedom that Bitcoin actually represents.
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From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Its hard to eliminate the fiat cryptocurrency because its our traditional money and most of people in the world always use and I think even the government will not agree on eliminating fiat currency. Internet is the thing that we need to have if we want to use cryptocurrency so that without it we can't transact to each other. Eben though it seems impossible to eliminate fiat in the current circumstances but i still have a feeling that anything is possible. The way people are adopting bitcoins and crypto currencies, the time is not far away when we will only see bitcoins and other digital assets and no sign of fiat currencies. Fiat currencies will not be eliminated because the economy of whole world is based on them and not Bitcoin or any other cryptocurrency have the potential to replace it. But that doesn't mean that fiat money will not go through some changes and cryptocurrencies will definetely contribute to that. But fiat money will survive and we can find the way for traditional currencies and virtual currencies to function together.
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December is very close and there are no signs of recovery and bull run. To my opinion this is not going to happen and many users are just expecting too much thinking last year will repeat. I think there will be no significant changes in Bitcoin price until the end of this year and from the begininig of the next I don't expect anything spectacular either. Next year might bring us 10000$ again but maybe after first quarter, it will take a while for investors to wake up again.
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Monetary crime, ha, ha! What a fullish posts people are wrighting. Before you come here with such theories you better inform and educate yourself. Also, from your bitterness I would say you've suffered some losses but don't blaim Bitcoin for your bad financial decisions. That reminds me on people who lose on stock exchange and blaim other for that.
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Actually news doesn't influence the market much. Investors and traders are very careful now. Everyone's waiting for huger movements in crypto, for regulators decisions.
News do influence market in some way but not so significantly as many think. Even if they have some impact that doesn't last for long and I think this is a difference compared to some previous periods. I think that Bitcoin market has become more resilient and less sensitive both to bad and good news but that happened in first place because of investors that react different than before.
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I think that is very important to have your own strategy. When you have set clear and exact goal it's much more easier to hold on and not to make some fullish moves, like panic selling. Besides these three things you have mentioned this is to my opinion very important. Also with experience you will set your own rules you will follow and you will not fall so easily under influence that could lead you to bad decisions.
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I don't think that ETF will influence Bitcoin in a bad way, that doesn't seem to be likely. In contrary it might make positive impact on the price although not in some huge scale and probably only temporary. But at this moment it's still not clear if ETF will actually be approved or not so everything connected to that is just speculation. And if it will be, then big investors will come to the stage.
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should it be one or the other? can't it be somewhere in between?!
i am somewhere in between. i am very interested in the technology and i want to see bitcoin reach mass adoption and be the currency that you can use anywhere in the world without needing to convert to fiat. but also i am interested in making profit. i don't have the delusions of getting rich overnight and i am not willing to take huge risks for it either but this is a market which i can trade in and make profit or invest long term and make profit.
I think it's quite possibile to find your place somwhere in the middle. Key is the balance and I think this is possible. Bitcoin can become mass currency, but for that takes time and it not will happen over night. And I don't have illusions that some day everyone in the world will use Bitcoin, because that will probably not happen. But while we are waiting for mass adoption to happen Bitcoin is great source of profit as an investment and it should be fully used that way.
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In the end, Bitcoin will certainly be stable, but believe that this will happen no earlier than 10 years from now and Bitcoin will then cost in excess of $ 1 million
Where this conclusion.came from? Bitcoin is not going to be stable, volatility is its nature and the way it's functioning. Even now the price is mot stable, there are small fluctuations visible every day. I think that the problem is that people are mixing words stable and stagnant and don't recgonize the difference between them, as well they don't recgonize the situation on the market.
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This is a decent amount to invest. If I were at your place I would definetely invest in Bitcoin but not the whole sum. Diversifying funds is always wise decision. So, for a while I would put about 2/3 of this sum to Bitcoin and the rest in something else. Like gold, stock exchange or some conservative type of investment where the profit is maybe a bit lower but it's certain. I would closely watch how the market reacts and maybe change investment ratio or investment type along the way.
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First of all I think that everyone forget that Bitcoin is not only about the price. It's true, price is important, it attracts investors and new users but if the price is not rising all the time it's not the end of the world. Also, some volatility is always present, no matter there are no big jumps and current price is not so bad and it takes much, much more of very serious issues to make Bitcoin to come to an end. And the price will recover, those who are patient enough will make the profit.
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Another conspiracy theory and scary scenario with aim to spread panic, nothing else. How could one government "kill" Bitcoin and other cryptocurrencies and prohibit to be used all around the world. This makes no sense at all. Some restrictive regulation could be introduced, that is true but that can't supress fully something that is virtual and without any boundaries in the cyber space.
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If you ask me the purpose of Bitcoin is not to replace gold and there is also no need for that Bitcoin and gold are two completely different categories and if you ask me they are not competition to each other. There will be always people who will prefer physical assets like gold and those who would endorse the digital types of investment like cryptocurrencies. So I don't why should Bitcoin replace gold and from the point of view that the best is to diversify the investments it's good to choose among multiple choices of different characteristics.
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