It actually depends on the user himself if he will use Bitcoin into what purpose of whether as an asset or as a currency. Originally Bitcoin have been seen to be a currency at the first years of its existence because it was its main purpose for the existence and creation of it. But since there is only a limited availability of those who accepts Bitcoin as a mode of payment due to certain reasons, people now commonly see it as an asset already that is way more easier to be perceived and make use rather than having it as a currency. But Bitcoin can be both. It is just that there is a lack of availability on where Bitcoin can be freely used as a currency so more likely people will tend to use it as an asset.
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Many things have happened that trigger for the trend of Bitcoin to make happen this year. This have all started when the price of Bitcoin have a breakthrough after 3 years ever since it have made out its biggest ATH which is $20,000 and have attained more than that at the late months of year 2020 that have been brought even at the start of this year 2021. Bitcoin's value has keep rising up on which have break through reaching $60,000 at the first months of this year because of different news trends that hype up Bitcoin usage and popularity. As a person that have been into Bitcoin for many years, this year become its trend even the market is currently getting into declination.
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Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people
As expected from business minded billionaires. Not just them but most of the people here in crypto space even from just a normal person do also want to take profit from crypto. How much more from those billionaires that have pretty much big amount to spend on investing into crypto and taking all their profit from those crypto investments that they have. They are just widening their business range and varieties of possibilities to earn more from different aspects that they can enter. Also, people are not stupid. They are aware of the hype and they are just getting along for the reason that they have also benefited in that situation. Maybe for some people they might not be aware but probably for many, they already know and expected this would happen.
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It is a normal initiative of an individual who certainly still do not fully understand crypto to have a soft hand that let them sell their cryptocurrency coins that easily because they were afraid to experience loss due to declination of the value of the crypto they were currently holding. We cannot say they are totally noobs maybe the right term is inexperienced because they were just new in the industry. That is just normal for them since they still do not certainly know how working in this industry goes on. But if they will just keep their focus into learning and acquiring knowledge and only investing and trading into decent and worthy crypto, for sure they will get along not to sell easily once they saw declination.
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If you are talking about taking a loan from family bank with no interest, then maybe you should go for it then, but it seems like you have already tons of money to spend with so I think that will be enough. Even though there will be no interest upon taking up a loan, still it is money related and you have no assurance on when you can turn back what you have borrowed. You could at least make another way possible to obtain funds if you want to, but borrowing for the sake of investing is not really a good idea and it will just stress you out thinking that what you are spending is not your own money.
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It is a good thing to be done by imposing a policy that will limit only those registered exchanges and wallets related to crypto to release their advertisements to also take into control of the rising cases of frauds and scams that have been scattering on different search engines and websites. By this, it will somehow be rest assured that the users will be having a safe place to get into but still it will be a personal responsibility to be aware not to do engagement from strange pop up ads and floating advertisements to avoid getting caught into hack and scam schemes. A good point for Google on that part.
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Some people are doing this stuff on first investing and trading with some potential Altcoins and when time comes that they have profited from those, they will sell them and transfer funds to acquire parts of Bitcoin for themselves. It turns out that Altcoins are being the primary passage way of other people to get funds to have a single Bitcoin or even just a part of it due to its value and popularity as well. Well, there's nothing wrong on doing such thing of getting into Altcoins to be able to obtain funds for Bitcoin because it is somewhat a strategy but it will be a long take of time and a risk to be taken as well before you can be able to fund yourself buying Bitcoin. A long tiring and hassle process to be exact.
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We all have different experiences with regards to Bitcoin making us have different perspectives as well when it comes to defining what success we have got upon doing engagement with it for a period of time. It seems like the OP has an awful experience which makes him not believe or not to see success or progress with Bitcoin letting have negative stand about it. But if you will ask other people that have also gotten into the same situation of trials and failures but still have been able to stand and gain their success after couple of times failing and trying, maybe you can just be able to understand that success are for those who work hard and risks on trying and not for those who just expects them to get it for an instant.
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There is a high possibility that it can happen in the future but for now, it seems to be far beyond to happen due to the current problem the world is facing right now. But we have already seen people are starting to get to know about Bitcoin slowly but surely because of the pandemic wherein many have switched from stock market to crypto market on which many have realized its importance and usage and have realized of having engagement with it. We still cannot ensure as of now the wide adaption due to the common reason not all are yet aware and not all can cater accepting Bitcoin as a mode of payment for now. But if those problems will be resolved, then maybe we are getting near to that idea.
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Diversifying your funds into various cryptocurrency is a good choice to be made although focusing into Bitcoin seems to be enough because of its value, popularity and of course credibility, but Bitcoin is not the only existing cryptocurrency in the market and there are still lots of crypto to explore that also have great potential and are worthy for investment of course. You just have to be picky on choosing the crypto that you will do an engagement to somehow ensure you are going to gain profit and of course for the sake of your fund's safety as well.
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It is you who must do the proper management upon dealing with the cryptocurrencies you have in your portfolio. Do not aim for too much high if I were you. Now that you have said you are experiencing loss, then you must just hodl those and wait until they have somehow or completely recover from loss. The problem is that people are into greed making them suffer in the long run and make complaints once they got into loss.
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FBI will not really share any decent information regarding how they have traced and recovered the amount that have been hacked back to the possession because it is part of the investigation process. But as the OP have the theory on how they have made it, such ways are the possible things to be done to trace and recover those big amount. Good thing that they have managed to recover such and it have already got into their possession.
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Global adaption will be a really hard thing to be achieved since not all can acquire or can be able to use the full functionality of Bitcoin to become part of their daily lives. It seems to be a near to impossibility term for the adaption of Bitcoin. It can be at least be alter into "massive adaption" since it seems to fit the reality that not all can adapt into using it but many can be able to still do it.
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There are lots of times that they have a chance to enter the market and if they still ignore that chance, then it is literally their problem for the reason that they have their own free will and if they have the capacity to enter the market, they must have done it a long time ago. Regrets are only for those who admit to miss the trend and have just known that it exist making them regret such thing have not been discovered and now it is booming and have missed the chance to get along with it. For those who were just ignoring entering the market even though they know it exist having resources in their hand, regret cannot be termed for those because they were just into doubt about such thing or they just don't really find it interesting for them. Those people getting along after ignoring it because the trend have been set to that thing they ignore is somewhat somehow like a bandwagon.
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That it why it is really important to follow the flow of the news and investigation regarding such matter to avoid the spread of panic specially into those new people in the industry that are easily got to believe into everything they see on the news or even on different social media platforms. This has come to an ease that at least we better got to know the truth behind the news and that can explain the thing for many people specially to the newbies to just calm down and do not worry too much.
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Not every dip is an opportunity to invest or purchase not just in Bitcoin but as well as with the other cryptocurrencies out there. You must also observe the market movement before getting into investment if the dip is already at the bottom most part or it is still into proceeding dip. Investing while the market is getting down will probably give you a headache as well as loss since you have entered at a wrong time. Ensure that you will get into investing when you see that dip is slowing down and somehow facing recovery to ensure that you will be gaining once it have fully recovered the price. It is a tough task to be done which makes people become hesitant upon entering the market at dip because they were not sure if they will going to proceed or wait until the price gets lower.
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It is really a big pleasure as well as to be considered a personal achievement to be able to speak in front of many people specially into the young generation about the information they must know about Bitcoin. Many people at this generation are really up into the latest trend and technology concern innovations which where Bitcoin can be included. Now that its popularity is rising due to realizations of people how valuable Bitcoin is, it is great to spread the knowledge about it for those people who wanted get engage into it for their own good sake. Sharing your experience and knowledge into other people is the best feeling someone could ever have.
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The current pandemic we are experiencing have brought us from traditional getting into digital and modernized way of living for the reason that people are finding alternative ways possible on continuing their lives without getting in contact with one another. Since many are getting paranoid and taking tight protection to avoid or get rid of the virus, many have switched or adapted into using digital/cashless payments to still be able to purchase goods and services nowadays. With such reason, we can say that this pandemic have carry out using cashless payments options which can include usage of Bitcoin if available to be used on merchant stores. But the adaption of people into it are mostly not to use it for payment but as for investment due to rising value even at the age of pandemic that crashes the stock market.
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Both are profitable and it is just up into you whether you will just choose one or have both. It will be hard to distinguish which is which just by depending on other people's experience for it will still be the best to have it be seen by your own eyes to see which can be more profitable than the other one. Trading world is vast and there are many potential coins that we might still do not know so we cannot further just conclude of which is the best since we haven't even try it all out. It is up into your preference if you will get into crypto trading alone and vice versa or you will be having both for more possibilities of gaining profit.
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No one can exactly tell the future of a coin so what you can basically do is to of course acquire informations you can about such coin you wanted to trade with by knowing its background and following the progress of it to see if it will have a good future or not. Better be aware that there are lots of promising projects but you must better take a look and be observant on the legibility of it that is a tough task to do. If it will be just easy to determine good coin then we might get all rich as for now but it doesn't work just like that. Signals and information are just helpful guides but those were not literally very accurate so observance and acquiring of knowledge is a must thing to still do.
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