I got to know bitcoin in 2016 when it was around 600$ per 1 btc. I only read about the previous price actions,. Since then the price has moved up and also down at some percentage increase and decrease. It's a usual trend that many people didn't take note of. Majority are only in price prediction of 50,000$ per 1 btc specially after it hit 19000$ in 2017. I can just say we should take note of this trend and make good wise use of it for better profiting in this space.
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Is there anyone that caN bodly say this is the exact time that bull will occur. ? People have been predicting bull time and none of it has worked yet. I think we should all relax and stop being curious about when bull will return. We all should be confident that it will surely come sooner or later and it's Essy to know when the time comes. Note: bull doesn't occur without a reason.
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I am sure every big investor will surely want to cut loses and sell to avoid losing more. Hence the market cap will still possibly go down low. Many have predicted we will go below 3000$ and I think we should see 2500$ or lower before it stabilizes and consistently move forward. Nothing is dead here, manipulation will keep on happening. Everyone should be wise and make good decisions.
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You are kind of right, if we consider the bitcoin crash history . It's possible the price test 1000$ region before it stablises and then move higher. I won't advise to buy when we don't know what might happen next as we don't know when the dip will stop. So be watchful and be guided. Take a good decision.
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People need to learn that investing is risky and should only invest what you can afford to lose not like borrowing money, taking a loan, selling your stuffs and the likes. It's really not a good decision and it doesn't work for people that take these steps at least 70% don't result in a good way. Let's learn and not be greedy.
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The records are straight and detailed, it's not the first time we will see this kind of dip. It's a certainty that we will be back at the top. Only the time frame and the pushing force is what we don't know. So we should be hopeful and plan towards this. Let's stop panicking.
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Whichever price it gets to, we will come back strong. So many predictions about the price fall which is not so good. we can't really say the reason for the fall is this and this but now we are in it. Losers here will be categorised in different stages. Those that bought high, those that were buying the dip, those that refused to take profit at high price. I believe everyone will have one or two things to say about those categories.
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It depends on your reason for holding maybe short or long term and also the time of investment. Answers to this question will determine what you would do. If you bought at low price and you intend to hold for long term, then maybe you should take some profit and keep some. But if you bought at high price and now you are at loss, you can only cut loses or keep holding. The final decision is yours.
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I will say it's a good strategy but not at this period of serial crashes and recurrent dips in the market. During the times when market was stable, this would have been a good strategy but not now because we don't when the dip will stop, so it's dangerous to buy now for more dip might come which will cause more loses.
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In 2016 I got to know bitcoin when a friend introduced me to a ponzi scheme called mmmglobalbtc. As at then bitcoin was still 600$ per coin. Since then, I participated in some other ponzi schemes that gave me more understanding of bitcoin and I also did further research about it. After then I got opened to other cryptocurrencies and have been enjoying the ride since then.
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#Proof of authentication Bitcointalk Username: Tunapa Telegram username : Tomiwa09
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It's not a new thing that bitcoin supply is pegged at 21 million. Extension of new cryptocurrencies through bitcoin does not affect it's supply. Everyone operates on their own as thought they exist through the blockchain but their supply can't be added to that of bitcoin. That's how it is.
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This is indeed awesome and interesting. I wish I can be a part of this event as it would be fun filled. This is a great work by the organizer and founders. Kudos to them all. Keep up the good work. One day, I will also be a part of it.
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I will like to ask if you bought for long term investment, or for just short term trading to cash out profit if there woukd be any pump like the 2017 December. ? If these questions are well answered, then you will know of bitcoin destroyed you or not. Bitcoin has a huge potential. But not a sudden price increase as we expect.
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Oooh what a good prediction, however we have seen 3600$/bitcoin and still people are predicting that we might go below 3000$ range before we finally see a new wave of price increment. We hope things get better for more profit, mainstream adoption and real life use cases.
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So what's blockchain technology without bitcoin and cryptocurrency. There has been no time that prices went up without it going down as such that is happening now. Good coins will recover and never die. This will really be a test of value and quality such that only good ones will survive this time. Hodl for your personal reasons, at the end you won't lose even if price dips.
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the real investors and traders are not usually affected by this simple seemingly FUD. Everytime is always a right time to buy or sell spending on your decision. So that some people are selling shouldn't be a FUD. I first knew bitcoin when it was 600$/1btc and since then people have been investing. There is no FUD for this cases. People will always sell and buy.
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This is an evidence that this dip is not a new occurrence these times will pass and we will all be alright. The one who loses is the one who sells at loss. Let everyone believe and hold his faith. Cryotocurrency is here to stay.
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This is an insight about ranks and price action. It's certain we will get out this. All we need now for massive adoption is use cases in real life such that people will stop storing coins for the case of future price increase but for usage in day to day live. Market will recover.
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