At the moment we are very far away from this value. Bitcoin price can change very quickly and it wouldn't be the first time that it has surprised us but many conditions should come together for Bitcoin to reach 50000$ and there is no guarantee that this will ever happen. As the market is looking now even 20000$ seams to be very far away and hard to achieve.
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It's simple answer, it's value that is attractive for hackers. They wouldn't attack anything they don't have use of and can't get some material gain. Unfortunately, hacker attacks are getting more and more sophisticated and it's getting harder to have adecvate protection. It's very important that you are always aware that Bitcoin and other cryptocurrencies are in fact virtual money and people were always stealing money, so hackers are just trying to do the same thing.
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If Bitcoin is a bubble then this bubble lasts a very long time. And to my opinion Bitcoin is only at the begininig. So, it's not too late to invest in Bitcoin and it's not only worth investing if the price is extremly high. Bitcoin is long term investment, thus you will achieve the best results so any time you start it's the good time, as long as you can afford that.
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its really are, and now bitcoin price start to dump again after a few rise in the past week. bitcoin price will always surprise everyone, crtptocurrency market are very volatile and high risk, thats why i suggested every bitcoin and cryprocurrency investors to do long term period investment at least to minimize the risk and more profitable. this is my strategy to invest in bitcoin, but i really dont think that bitcoin price will reach $30k in the end of 2018. its too far to be reached.
Actualy when Bitcoin is involved I can say there are no surprises anymore. Volatility shows in all possible forms and price is changing all the time. Yes, in the last period the price was rising but not any rise is the sing that the price will fully recover. And just for that reason it's hard to predict how the price is going to look like at the end of the year but I agree that the prediction for 30000$ is exaggerated.
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Different malwares are developed all the time, even those for stealing cryptocurrency. Still I think that is more often that your personal data and credentials are being compromised and the perpetrator is using them to access your wallet and your cryptocurrencies. You can never be cautious enough with protecting your coins so it's crucial to be up to date with the latest threaths so that you know how to protect yourself.
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To my opinion no one can't teach you how to trade, you have to gain your own experience. Of course it's good to know some theory and to be good inforned before you start trading but that trader feeling and what decision to make in which moment, that is something that you can't learn watching youtube. There is no magical receipe how to become successful trader, there is no tutorial on youtube for that.
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Gold had the value for the people since the ancient times and that will not change. Anyway, Bitcoin is not here to compete with gold and since these two are completely different assets they shouldn't be compared either. To invest in Bitcoin is more convenient and I beleive that young generations prefere Bitcoin but still gold will remain as one of the oldest and the most profitable investments and even Bitcoin will not change that.
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Personaly I don't have such problem, I feel comfortable using Bitcoin. But that depends very much on the environment and information that people are having about Bitcoin. Some still think that Bitcoin is illegal and used for money laundering and dark markets. Something that could help with that is better education and promotion but also regulation so that people know that they are backed up.
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Such decision might also depend on the country you live in. In some countries property like real estates could be very lucrative business so it's worth investing. Also, I beleive that Bitcoin and other cryptocurrencies are the future and that the value will rise so I would split the investment on both, Bitcoin and some property. But I beleive that it's still easier to invest in Bitcoin.
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For me, I think those lot of hacks are the cause why the price of Bitcoin dropped, and I also think that the market is being manipulated and they are using those hacks issue to make the market manipulated. But we still don't know, always be careful , don't store your funds in the exchange, always secure your personal wallet.
Hacking attacks have nothing to do with price drop. Unfortunately, hacking attacks can't be avoided but the level of security and protection could be higher. And that is something that exchange should care about. Also, every user has to be aware that security of his coins it's up to hin and how much we all are aware of security measures. So, avoid online wallets and exchanges that don't have adecvate security measures. Also, use antivrus and antimalware protection on your computer and mobile phone.
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This is not the crash, it's minor correction. Nothing unsual and the price is staying in the range between 7000 and 8000$. Investors are maybe more caucious now and not so keen to take the risk regarding the past experiences but still that doesn't influence the price significantly. Also there are always some rumors that intend to harn Bitcoin as well as media and social network announcements but such influence on price is short term.
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I prefere Bitcoin but have also something in fiat, in my case it's not dollar but Euro. Anyway, I stick to rule that it's not good to keep all eggs in just one basket so I always try to diversify my investment. And Bitcoin and other cryptocurrencies are still not stable and accepted enough to fully rely on them so some back up in fiat, dollar or something else is necessary.
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If you kept your Bitcoins in the exchange and they were hacked they should report it to the police. Hackers attack is a criminal offence and police should investigate that. What exchange could do in such case is to cover the damage for their clients, but let's be honest, this is not very likely. If your individual wallet was hacked you can also report that to the police because it's similar like your wallet waa stolen somwhere in the street but don't expect too much, having in mind relatively small damage that is done.
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Yeah, I have that feeling too.
I remember what happened with the Wavecrest cards. There was effectively zero warning. None. I remember seeing tweets from people halfway around the world from home with thousands of pounds or euros on their cards cut off from them. Because of that I'll never, ever leave any balance on any card ever again. It gets loaded and spent immediately. This is actualy clever idea, not to store anything on the card. Having bad experiences with Mistertango and now with Wirex I will also practice this. And the funny thing is that I chose Wiex as an alternative to Mistertango that gave me much headache. Since I usualy spend for the weekend I will just load them with amount sufficient for the weekend otherwise I would risk too much. It's such a shame that we still don't have reliable and stable Bitcoin debit card provider and service that will not constantly change.the conditions without any warning. Will that ever change?
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wirex just randomly blocks accounts without any reason.
My account was successfully verified on May 8. Than on July 20 I received a message that it failed and have my account blocked.
I wrote to support, it replied that issue will be investigated, than passed more than a week and asking the status on the issue I got no reply. In a few days I wrote again, and again no answer.
If you search web, you'll find a lot of similar complains on accounts getting locked and people's funds actually being frozen.
Don't use this service if you don't want to lose your money. These guys are absolutely incompetent.
Yeah, I have that feeling too. Today I got another unpleasant surprise from Wirex. Because my country isn't the member of EEA (yet) there is also possibility that I will not be able to use the card anymore. Now they know that they will no longer approve new cards for my country but they don't have the clue what will happen with existing ones. But the worst is that they didn't send a notice for that but the lady from the support just unofficialy has mentioned that and they still didn't send any info at all to the users.So, it might happen that one day my card will be declined in the store but they don't know when is this going to happen. So, what kind of amateurs are those people in Wirex? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Like they are just playing.
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Pretpostavljam da ima još korisnika Wirex kartice pa dijelim info.
Od 27.7. više nije dostupna usluga cryptoback. Skužim to na acountu i kontaktiram suport. Nakon cca 3 dana dobijem odgovor da Visa više ne podržava tu uslugu za Hrvatsku jer nismo (jedina država u EU) članica EEA. Ne znam samo kad su nas mislili o tome obavijestiti. Žena koja je odgovorila na ticket se ispričala zbog propusta i rekla da rade na obavještavanju klijenata, ali da su u gužvi bla, bla. I još spomene da neće više biti odobravanja novih kartica za HR, a da za postojeće korisnike ne zna što će biti i kad će i da li će i te postojeće kartice ukinuti. Mislim, WTF??? Zar ću samo jedan dan doći negdje u dućan i kartica će mi biti odbijena? Ima li netko suvisli info o ovome?
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To my opinion Bitcoin has done a big jurney from the begining until now but still the goal is not acomplished yet. There is still a lot to be done regarding acceptance, regulations, technical issues and to become more equal to fiat currencies, accepted by economic system and similar.
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Unless you have cristal ball you will not be able to tell this for sure. Bitcoin is volatile, corrections are normal and everything is depending on the current situation on the market and the supply and demand ratio. But I wouldn't bother too much with that. If you invest in Bitcoin stick to your plan, watch the market but don't be too much bothered what will happen in a month or two.
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Why I'm not surprised with this news. Just another story in the row how shady cloud mining could be. Nevertheless, people are still interested in it and the worst is that many don't learn anything from other people's mistakes. I wonder if there will ever be some news about any legit cloud mining service.
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I'm convinced banks will offer Bitcoin connected services and in not so distant future. Their first interest is money and how to make as much profit as possible. If Bitcoin will help them with that they will embrace it. At this stage they are still testing such possibilities and lack of regulation is one of the obstacles but I'm sure this will change for better soon.
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