Why are you all so obsessed with price of 20000$? Don't live in past, that was at the end of the last year but currently we have different situation on the market and at the moment it's not very likely that this year Bitcoin will reach 20000$. But instead of waiting for your "magic" price get focused on current situation and what could you get best to use all possible opportunities and make profit.
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bitcoin price can touch 20k usd in this year. currently bitcoin is stable at 6k and preparing for next run.
I don't agree, it sounds to me more like a wishful thinking. Many are expecting the end of the last year to repeat but that is not very likely. If you look more in details you will see there are no biger and unexpected price changes and price is moving in the more or less same framework. Besides, don't be so focused on predictions they can only confuse you. Make your decisions one step at the time.
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It takes time for people to adjust. For majority of them.Bitcoin is still something new they don't know much about and what is worse some of them don't know whether is legal or not. So, at the moment when governments around the world will regulate Bitcoin and people will know they have some legal protection they will start to feel more comfortable using Bitcoin.
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For the foreseeable future, I am sure that more and more countries will legalize the use of bitcoin in their countries. Want it or not they have to accept it because of the development of technology that must include bitcoin in it.
It will eventually when they realize that some countries are making best use of the bitcoin and technology and it is helping their economy as well. This will put pressure on other countries as even they want to grow and make their people more employable and this is a the good field where more jobs can be created. I.agree with this. There will be no.further growrh of cryptocurrencies and their implementation in economy and society in general without regulation, that is something that is necessary. More and more countries are realising that fact and they are aware that cryptocurrencies can't be avoided anymore so it's better to put them in some legal framework that everybody can have use of it. Global regulation is inevitable, it's just the question of time framework when it will happen.
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Actualy, why not? If it's a correction that doesn't show some signs of deep and long term price fall it's a good opportunity to invest. I always say to everyone that Bitcoin is the best investment on long term and that some occasional price corrections are normal due to volatility. But I always recommend to everyone, including my friends and family, not to invest more they can afford to lose. It's golden rule they must never forget.
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I believe that if all new exchanges have received the appropriate licenses, then this is very good for the cryptocurrency world
That is one very important question. Do they all have valid licences or better to say do they run legitimate business? This is the first thing you have to check before you trust them your funds. But I'm afraid they are not all so trustworthy. Everyone is trying to find they niche and their share of profit in the cryptocurrencies market that is why there are many new exchanges. That could be good for the users as well as for the market as long they do their business under the law.
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It is not only Malta, but some countries decide to take advantage of cryptocurrency as Uzbekistan[1]. The link between these currencies and the dark activities has been reduced, so some countries are trying to make gains by enacting some laws to attract large companies. So Malta will not be the only countries to do so. Other countries may offer better opportunities. [1] Uzbekistan opens the door to Cryptocurrency Exchanges, Offers Tax BenefitsExactly, there are some other countries, I would also add Netherlands who is also country very friendly to cryptocurrencies. But Malta has made step further and like with some other industries and activities used the very best for it's own favour. Government has recgonized huge potential of cryptocurrencies and they as a small and not important country on.a global scene have to take all opportunities they have to survive and grow as well as provide well being for their people. So, cryptocurrencies are just one tool they use to achieve that.
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To my opinion it's lack of regulation. We can't expect Bitcoin to be fuly implemented in business and economy without proper regulation because that is also something that mskes Bitcoin risky and unsecure for business owners. When you add volatility to this it's not hard to see why so small number of industries is using and accepting Bitcoin.
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Nothing could be done, volatility is one of the most important Bitcoin features, something that defines it. I don't think Bitcoin is meant to be stable and since the price is regulated by demand and supply ratio on the market and how much are users willing to pay for it at certain moment, I don't think that stable Bitcoin price is ever possible. Besides, Bitcoin traders would never agree with stable price, how would they make money otherwise?
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It's a very well known fact that cryptocurrencies are volatile and that is something that defines them. Afterall x trades are making money exactly on volatility. I don't think this will ever change because Bitcoin and cryptocurrencies are simply functioning that way. Even in periods when price looks more or less stable actualy it isn't and changes, even the slightest ones, are happening constantly.
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Fews days after this news market didn't react yet in negative way. In fact, it looks like the price is going up again so there was no negative impact at all. Still let's wait and see how the situation will develope in the next period, there is no guarantee that this positive trend in price we are currently having will continue.
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Value and implementation in real life is something that could activate mass adoption. End of the last year clearly shows what madness about Bitcoin was turned. The truth is that the number of Bitcoin users has increasd but that is still far away from mass adoption. If you have in mind some statistics data that only about 2 millions people in the whole world are using Bitcoin then we can't actualy talk about mass adoption.
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No reasons to be afraid at all. I know that at the first glance this year doesn't look particulary good for Bitcoin but on the other hand there are still few months leff where anything is still possible and the end of the year, so December, could be very positive for Bitcoin. To my opinion there were too much expectations from this year having in mind the end of the last year but holding is never bad idea so keep doing it.
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maybe in the future all token holders need KYC so that a token cannot be misused for bad or illegal things. Is it possible
That would go almost completely against the idea of cryptocurrency and decentralization so I'm going to do something I don't normally do and say categorically that something won't happen. There's no KYC on fiat so why should there be on crypto. I can't agree with that. KYC is maybe not completely compliant with idea of cryptocurrencies anonimity but it has nothing to do with decentralization and I don't see how KYC would endanger it. Besides, cryptocurrencies also need to adjust because changes happen all the time. Increased number of scams and misuse require some action and KYC might help in part of it. Cryptocurrencies can survive and evolve only if will keep ahead with time and requirements.
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No one can't give you assurance like this. But Bitcoin will last as long as users will continue to support it and as long there will be interest for it. I think Bitcoin has all prevonditions to last for a very long time, it's just has to integrate into economy and society more but again, that is depending on users. As long people will have at least some use and profit from Bitcoin, it will survive.
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This is the wrong question. Bitcoin can't make us any damage by itself but we can make some mistakes when using it by making wrong decisions that will lead us to loss. Personaly I had some of such experiences when trading ended up with loss but that was my mistake and wrong estimation. But that was at the begininig when I lacked experience, now the situation is different.
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Yo guys, Are you aware that there is some banks that accept Bitcoin like Neteller or Skrill? I just discovered it so I was surprised.You can deposit your Bitcoin and use your Bank/Credit card to withdraw. Now,it doesn't matter if Paypal adopt Bitcoin or not since it's primary competitors have already done so.* What do you think?
Well, Neteller and Skrill are not actualy banks and the fact that they accept Bitcoin is not a new thing. They are more online payment services or providers that among others enable Bitcoin related services. Actualy they act similar like Bitcoin debit card providers. Officialy there is still no bank that accepts Bitcoin or provides Bitcoin related services but if you ask me it's just the question of time.
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Like many have already explained, to get fiat money first you have to transfer your Bitcoins from wallet. Some prefere to exchange it through one of the multiple exchanges or localbitcoins. But that will cost you fees and unfavourable exchange rates. Personaly, I don't like that way but I'm using Bitcoin debit card. It's much more easier and convenient and your funds are always available to you on a card. I suggest to try this.
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the thread was opened at the 19th of April. And today the price is lower than that date. this means it is not easy to predict the dip of the BTC price. Altcoins are even worse than BTC. And I hope 6k is the dip. You never know. this market has low liquidity.
Of course, no one can't know for sure. Market could change very quickly and price is defined and redefined all the time according to demand and supply and outside influence. Besides, the year is not over yet and anything is still possible including further dump. Hope this will not happen but to sustain from predictions about the lowest and highest price benchmark would be advisable.
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Like everything else Bitcoin has also gone through many changes that happened with time. So, what was profitable in one moment doesn't have to be in next, like mining. Some people don't want to accept changes and adjust so they rather abandon Bitcoin and move on. And this is their legitimate right. But if you ask me Bitcoin is still the best investment you can make and best opportunity to profit in the future. I will stick to Bitcoin and beleive this is wise thing to do.
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