Governments are usually the quickest to pay attention and react to things that earn people money and especially ones that are not regulated. From epidemics to terrorism, nuclear energy, world war, there have been so many things that the governments were able to control and with blockchain technology, governments are standing with their hands tied
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Doesn't matter haw much it fall or rise today. The Bitcoin and Blockchain phenomenon and its power for innovation is inevitable. We were witnesses how TCP/IP changed the Internet, so don't loose your chanse with Bitcoin
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Still a bunch of citizens yet to get into crypto (and god willing, governments will permit this in the future). So I don't think that it is too late for a beginner to start on crypto.
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Every day more and more banks around the world closing the bank accounts of bitcoin users and bitcoin-related businesses, it could very negatively impact the price.
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I would advice you to keep all your BTC now. I'm not agree with the statment when BTC will be completely down forks will be more actual and valuable. When BTC will be completely down there will be no any other coins that has any valuability.
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Good news for all bitcoin users. Actually Yahoo Japan has auction section where a lot of Japanese brands can be found pretty easily. Its a good way to find Asian brands that might be harder to find in the US.
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If you cheking your blockfolio every hour or even every day - you are not an investor, but gambler. In this case sooner or later stress will hurt you or you will sell everything))
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Most secure way to hold bitcoin - hardware devices ledger or trezor. It stores your private keys in cold storage which mean they will never be exposed to the internet.
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Why do you like bitcoin? Maybe you bought it when it cost 1k$ and now it cost 10 times higher. And conversely maybe someone bought it for 18k$ and sell for 8k$.
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There is only one advantages of having bitcoin today - price easily could give х10 profit. If the potential 17 million of bitcoins in supply is divided by the $1.75 trillion market cap estimate, then each bitcoin would be worth just over $100,000.
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When gold rises in value it indicates that other assets are performing terribly and fear is gripping the market. If we meet economics shock and see that in the same time BTC price is growing - then for sure in 5-10 years BTC will replace gold.
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I don't think every media is negative about Bitcoin. Every media is looking for a hype subject. If you provoke panic than it has a big impact. And it doesn't matter weather it's a panic-buy news or panic-sell))
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I don't think bitcoin needs our promotion)) If something has an advantage - then people use it. If it's price grow then investors buy it, if it has some usefull apps wich more comfort to use instead usual banking apps - then people use it.
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or what should i be focusing on? thanks
You can focusing on whatever you want but remember one rule - every investment is subject to market risk. Many people thought about crypto as a Moneymaking Machine, and they losing their money.
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In my opinion it's important because it allows money to become like air or the Ocean. Something that just naturally exists in our lives (without being owned by anyone) and allows us to value things in our world and store wealth. I think in the future the value will not be determined by any government but by the world economy as a whole.
You just discribe a beautiful picture with air and ocean but the truth is group of 1000 investors used to have 40% of all the bitcoins. If a few of these investors are playing in a concert then they are the ones who are controlling the market. And I'm not sure that it's better then value determined by government.
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Crypto holds a fair amount of public interest in Japan. Advertisements for bitcoin exchanges are on TV and billboards. You'll be hard pressed to find any place that accepts bitcoin almost in any country except Japan.
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They don't have fear in common. Some of them are afraid of Bitcoin because it would force them to innovate. Bitcoin is but the most famous example of an emerging technology network with the potential to improve banking.
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There is no real future for any altcoins without bitcoin (at least for today). So if bitcoin will die tomorow all of the altcoins will shut down today the crypto bubble will pop.
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Now bitcoin is just a network of transactors, miners, savers, and more who operate through the Blockchain network. Weather it will be adopted widely and become the future of money or not...it will show only time.
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There has been the belief that investors should "put 10% of your wealth into gold and hope it goes down." This logic underlines the well-known fact that when gold rises in value it indicates that other assets are performing terribly and fear is gripping the market. So to know whether BTC is the new gold or not we need to meet economics shock
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