It's a slow price increase. Bitcoin has crossed 8000$ but that still doesn't mean it will continue to go further up. Actualy I have the feeling that at the moment Bitcoin is kind of " stuck" at about 8000$. To my opinion this might take a while with some minor corrections in up or down direction.
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Bitcoin had always problems with some bad issues and reputation but I don't see that these problems are biger than usual. Maybe this is just pulled out of the context. From the reputation that is used only for illegal activities, to the accusations that is perfect media for scamers to the money laundering Bitcoin was always struggling to be considered as a legit currency, asset or investment. This will continue for a while I think but with time and biger adoption, including regulation this might change a bit.
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You haven't revealed anything new or spectacular. And certainly not something that is connected especialy for 2018 period so I don't actualy understand the point of your post. Think these are actualy some basics that average Bitcoin user is aquainted with and just want to add that not all of these statements are quite correct.
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Despite some ups and downs Bitcoin is on the top of the market and will remain so. From time to time some prosperous coins appear but I don't think that any of them has enough potential to take Bitcoin's place. Bitcoin is and will remain the best and the most valuable coin, there is no doubt about it and.the first place on the market is reserved for it.
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It's a suspicious advice I would say and no guarantee that it would function each time. And not everything that is valid for stock exchange can be applicable to Bitcoin too. Still I can agree that dealing with Bitcoin requires to be bold and to have certain risk apetite. Although to be greedy as such is not good even you think you can control it. Sooner or later you will lose that control.
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Well, it's hard to tell. Currently Bitcoin price is on the slow rise and it has crossed 8000$ but still there is no guarantee this will continue. Let's wait for another week or two. It's not such a long way to 10000$ from the current price but this depends on the market situation. To my prediction to reach 10000$ it will take another month or two if the current trend continue.
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I don't think that Bitcoin will become mainstream. It's true that the concept of digital money will further develope and take more considerable part in economy but still I don't see Bitcoin or any other cryptocurrency as a mainstream although I expect to be stronger and more accepted than now. Fiat currencies will keep the domination and crypto will continue with struggle for their positive in traditional finances, that is how I see it.
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One of the most common mistakes that Bitcoin beginers make is to think that Bitcoin is risk free and that profit is guarantee. When it turns out that it isn't true they are often disappointed and find themselves in big loss. That is why is important to collect reliable information before any investing and to become aware of all risks, bad and good sides. At the moment you are familiar with all aspects of investment and you are prepared to deal with loss too, you are ready for Bitcoin investment.
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Actualy Mastercard is already present in.crypto world with Bitcoin debit cards, like Mistertango for example Using blockchain at another level is just another step further. I think this is something that is inevitable for whole financial industry, they have to adjust and accept new technologies in order to maintain and improve their business and attract new clients.
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Governments could support cryptocurrencies but not instead fiat currencies, this is not possible. All governments and countries in the world are depending on fiat, every economy is based on fiat and cryptocurrencies can't change that. And besides because of crypto nature they are not convenient to build economy on their own. But with regulations and adoption government can support cryptocurrencies in.a way or to be more precise on that way Bitcoin and other coins could be introduced in traditional economy system and help them to become more equal and accepted.
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Many have already gave their advise about hard wallets. These are still the most secure. But I would also say that besides secure wallet it is also good to divide your coins in multiple wallets. So, don't keep all your Bitcoins in just one wallet and also use multiple types of wallets. Besides hard wallets you can also choose paper wallets and mobile wallets. With keeping the coins on multiple places you will also rise the security and diminsh the chances for losing everything in case of some issues.
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I don't t think that many of these celebrities are truly interested in Bitcoin. To my opinion this is another way for their promotion. They see cryptocurrencies are popular so they are trying to use this trend for their popularity. Some are even making their own cryptocurrencies. Still this helps to promotion of cryptocurrencies because if fans see their idols are using Bitcoin they would like to do the same too.
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Having in mind how Bitcoin market is changing quickly the end of the year seams very far away. It's hard to give any serious prediction for such long period of time and every scenario is possible. Still 25000$ sounds exaggerated and current trends don't show such direction. Like I've said, everything is possible but don't expect the end of last year to repeat so easily.
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Trading without any loss is mission impossibe. Sooner or later you will have to face some loss but it's up to you how you will deal with it and how you can take it. To minimize the loss you have to have trading strategy and the plan how much you can invest. Don't invest more than you can afford to lose. Also, you have to have some back up plan how and in what time to recover the loss when it happens.
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Five years ago I strated to invest in crypto because it was something different and promising. It was alternative to traditional fiat currencies and that attracted me. Soon I realised that Bitcoin can enable me additional profit and make my financal situation better. This motivates me even today. But besides profit Bitcoin and cryptocurrencies are philosophy and way of life and many today forget that.
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Bitcoin has helped many to change their financial status for better, including me. As an additional income it helped me to overbridge tough tines when I didn't have enough fiat money. When you figure out all possibilities that Bitcoin gives you you can realy influence the finances. I think this might also help bussineses too, not just individuals but before that Bitcoin should be properly regulated.
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Newbies can be dangerous but first of all for themselves. Usualy they get involved with Bitcoin without enough information and knowledge having in mind only quick profit. Very often that doesn't happen and then the panic starts and because of that they make a lot of wrong decision making the situation even worse. But like I've said, such behaviour harms them but generaly not to the Bitcoin.
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It's true that very limited number of people in the world are using Bitcoin. About 2 millions they say. And, yes, internet connection is condition necessary for using Bitcoin and although we are in 21st century many people still don't have internet access or it's very limited. But to my opinion for Bitcoin success it's not crucial that whole world uses it. Also, the number of Bitcoins is limited too. It's crucial that has support of critical number of users, that is curculating on the market and regulated properly. That will keep Bitcoin alive.
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This depends on your risk apetite. If you are willing to take biger risk but also better profit invest in cryptocurrencies, especialy Bitcoin. If you are more conservative type then bank investments are more for you. But to get max benefit I would suggest to combine both options.
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I can agree with that and I think that just holding isn't good for Bitcoin. But many people feel the most secure with just holding because they don't want to take the additional risk by trading and investing although they might enlarge profit that way. To get the best out of Bitcoin you should combine holding and trading or active use of Bitcoin in some other way.
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