Unfortunately, that is not true. The majority of us is still depending on banks like we are depending on fiat money. As well as states and governments are depending on them too. Having in mind that only about 2 percent of people in the world are using Bitcoin and cryptocurrencies you will realise that this is utopia. Still Bitcoin is excellent alternative to fiat currencies and banks and with its success it has made them to make some changes and improvements in their businesses and relation to clients.
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I'm very convinced too that banks will accept Bitcoin and start to offer to their clients Bitcoin related services. However, it's hard to predict when is this going to happen, zo my opinion at this stage they are still making some analisys and risk assesment. Of course, their primal goal is to make money and they are aware they have to accept changes and new technologies in financial industry in order to survive.
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I don't agree with that. At the moment the market is down in theory you are in loss but if you wait long enough you can turn that into your favour. And of course everything depends on the price you got your Bitcoins. Anyway, if you are smart and patient enough, if you have learned to read the signs on the market you can make profit even when the market is down.
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Maybe, but I wouldn't like to give premature conclusions. Currently Bitcoin price is under 7000$ again and from this position 8200$ looks quite a far away. Still, Bitcoin can easily surprise us and changes can happen quickly, depending on the market situation. To my opinion crossing 8000$ could be possible some time close to the end of the year.
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Anyone having problems with Mycelium wallet today? It was working fine and for the last couple of hours I can't acess it. It's shuting down all the time, can't see the balance or anything else. All other applications on my mobile are working fine. Any idea what is happening?
All good here. Haven't made any tx, but it's responsive, all seems smooth and not crashing. Are you running the latest version (2.11.1.17 for android)? Check for update if not. I made update about week ago. That was actualy the first thought that crossed my mind but there were no new updates available. Anyway, today is working normal and everything is fine, no problems at all. Still haven't figured out what was wrong yesterday but that was the first problem with Mycelium ever and I use it for two years now.
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For long term holding you have to have good strategy, excellent nervs and be endlessly patient. Unfortunately not many Bitcoin holders have these qualities. Last but not least the funds you have invested in Bitcoin must be those that you realy don't need for a longer term. Otherwise you might make decisions that will lead you to loss and not profit. To avoid such mistakes it's also good to have some Bitcoins that will be used for short term investing.
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Anyone having problems with Mycelium wallet today? It was working fine and for the last couple of hours I can't acess it. It's shuting down all the time, can't see the balance or anything else. All other applications on my mobile are working fine. Any idea what is happening?
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Globally, blockchain.info is the best wallet for both crypto but in my country, coins.ph is the best wallet for both of it. Coins.ph BCH wallet is a new feature. This wallet is most used by Filipinos because of the cash out feature. Blockchain.info is maybe the most convenient online wallet, probably the most used too but personaly I don't like it. Security features are poor and this is not the best choice to keep your coins. Generaly my advice is to avoid online wallets especialy if you want to keep larger amount of coins for longer period of time.
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Maybe looks like the same pattern as on 22nd August but the reasons behind current increase of price don't have to be the same. Although it's good opportunity for traders to make some profit on a short term. Still I wouldn't pay too much attention to this price rise because similar like the last time it will not be permanent. At least I don't think so.
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My advice would be to stop looking. Many hope that next new coin or technology will become new Bitcoin and they will become rich in no time but things are not going so easy. I would say that Bitcoin is some kind of phenomenon that doesn't happen twice so easy and so soon again. So, at the moment stick to Bitcoin.
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Bitcoin will survive even if SEC doesn't approve ETF, this is not the question ar all. Still their approval could have positive effect on Bitcoin and probably would cause price increase, at least temporary. This could also intitiate other positive Bitcoin related movements so the positive impact could be multiple. I hope for the best but even if they don't approve it, this will not be the end of the world.
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The price very close to 7000$ and at some exchanges probably has already touched it at some moment but it's hard to tell whether will also stay there and rise up or pull back below. Similar situation we had recently but it didn't last so let's wait for next couple of days and see how it will develope.
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I don't have such need, for Bitcoin to have banknotes. Bitcoin is digital currency and exists only in virtual form. That also differs it from traditional fiat currencies. I don't see any reason why we would spoil that. Besides, even traditional money is less and less used in physical form, credit cards are having dominant role.
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No matter the huge amount of new coins that appear all the time I can't see that Bitcoin could be replaced by anything better. When we are talking about cryptocurrencies so far I haven't spoted any better technology or coin that is better than Bitcoin. And to be better than Bitcoin that means to have more perfect technology without issues, biger value, adoption and application in real life. You have to admitt this is not easy to achieve.
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Actualy no. This could be just an information about trends and some guidelines but I don't make any decision based on such analysis. I don't think it's trustworthy enough. These are techical data but they can't "feel" the market if you know what I'm trying to say. I'm not trying to say that you should completely ignore them but they will definetely not help you to make more successful trading.
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I say that techical analisys can't make you harm but isn't of a big help either. Use it more like the guideliness and information that help you to be aware of current trends but don't rely on it fully and technical indicators will not make a better trader out of you. Also it's important the source you are using so the data you get might vary.
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Everyone of us is responsible for personal data and sensitive information. Before you give them to someone you should check all available information and make your due dilligence. Unfortunately many ICOs turn to be scam and are a cover to get to personal data that will be later used for biger scams and that can make you some serious damage. So, be very careful and don't just think about money because at the end money could be the least of your problems.
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I don't agree at all that reaching 10000$ price is easy. For a longer period of time Bitcoin sticks about 6000$ and current conditions on the market and investor behaviour are not showing that Bitcoin price might rise so high so easily. To my opinion Bitcoin will stay "stuck" like this for some period of time and some biger movements we might expect towards the end of the year.
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i have never been an "extremist", and i believe i am more of a "realist". unlike you, even during the huge rise that we had last year, i never thought bitcoin is going to "take over"! that has always sounded silly to me and i have always told others who ask "will bitcoin replace fiat or banks" that it will never happen. and because of that i have never liked branding people either. names such as "nocoiner", "bitcoin minimalist" all sound silly to me.
I fully agree with you. Bitcoin will never replace fiat currencies, banks and become a mainstream in economy. I don't even believe that this is the purpose of Bitcoin. If you have in mind that Bitcoin relies on specific technology, the number of coins is limited and how actualy just a handfull of people in the world is using Bitcoin, you will realise this is not possible. So, be realistic and use and support Bitcoin in the framework it can function, don't have ideas that are utopia.
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India is obviously one of the countries who doesn't know how to deal with progress and new technologies. And when you don't know what to do and you are afraid that you are losing control, the logic move is ban. But this is not good decision but on the other hand I don't think this will stop Bitcoin users in India. I also don't think this will influence Bitcoin in some negative way.
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