After reading a lot of posts made by people on this forum, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
I think bitcoin exceeds gold because it has many uses. bitcoin has a function as a means of payment, investing and to trade, besides that bitcoin also has an unstable price and the price will be more expensive from year to year. |
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people who really want bitcoin prices are falling because they want to buy bitcoin at a very cheap price, in my opinion that is a tactic now that many people have found a way to get greater profits from investing in bitcoin.
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bitcoin is very difficult to understand because bitcoin is growing because people are investing in bitcoin. at this time many bitcoin holders who are not patient waiting for market prices to rise again, they want to sell bitcoin or altcoin at a very cheap price so as not to lose even more.
I really hate people who want to sell their coins at very cheap prices, in my opinion they are the cause of the decline in prices in the crypto market.
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Hello everyone, Today i'd like to share my story.
So in 2017 in sept, I first mined some electroneum coins and they were worth like $200 later, I as a student couldn't afford to buy Bitcoins for trading or holding, So mining did helped me ETN was a good coin, i would mine like 50 a day and it turned 20cents each, I got addicted to crypto and trading but i was scared to trade and lose those 200$ because then i'd have nothing, So from Sept to Nov, i'd just watch graphs and look at coins, Watch videos, try to learn trading and everything and in December i started trading and you guys know what happened at December 2017, But i was prepared so my $200 turned into like $150, still a loss but anyway.
But it went like this and i kept trading and everything, and i was in love with it...... Sadly in my Exams, I failed 3 papers in total 5... Because of Crypto, it takes you away from Real world, So i was disapointed because of it.
Now i trade carelessly without emotions, and i went above $200.. I saw many times and now experience told me its true that trading is 10% skills, 10% luck, 10% patience and 70% emotions....
good luck and enjoy your lives and don't ruin anything.
Edit: I still have high hopes from Crypto and i think this will change my life and i'll be not worrying about Studies later, But like people say "Don't put everything in one Basket" , so always have a backup. Study is my first priority and Bitcoin can be my side struggle and with luck and hard work, i might not have to worry about studies then.
in my opinion you must be clever in dividing your time so you get both. during the day you do work and life activities in the real world and at night you work in the crypto world. we must be more active if we want everything, I myself also have a very valuable desire therefore I work must be able to divide time. |
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in my opinion it's not too late to invest in bitcoin because the purpose of bitcoin hasn't been achieved, there are several goals of bitcoin in the future that is to become a global currency, as a means of payment and to have a fantastic price.
at this time we should not spend time on things that are not important, we better start investing in bitcoin so that our future will be better.
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Lately I have noticed some good news and bad news about Bitcoin. Many people think that bad news will make the price of Bitcoin "go down" and good news will make the price of Bitcoin "Rise". So on this topic I would like to discuss "How much the power of news can affect the Bitcoin price?" I appreciate your answers and responses. Thanks  in my opinion, depending on more news between bad news and good news, if more good news than bad news then bitcoin prices will increase and vice versa, therefore we all as investors and crypto currency traders must throw bad news about bitcoin so that people around the world will also enter the crypto world and together increase the price of bitcoin. |
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in my opinion, people who invest at this time are not stupid people, but they are people who are smart at investing because the price of bitcoin will rise higher. at the end of each year bitcoin prices often increase even higher so I think now is the right time to invest in bitcoin before bitcoin prices rise higher.
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BTC can make our future bright because the price is very expensive. I see that the price of bitcoin is increasing every year and generally the price of bitcoin always increases higher at the end of the year. now it's September and it's approaching the end of the year, I see the market prices are starting to move towards a better direction. bitcoin and altcoin in the crypto market have gradually increased, I'm sure if there are people who invest now in bitcoin or in altcoins their future will be bright.
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I got into the bitcoin again last year after losing all my 4.5 bitcoins to ponzi schemes early last year. I bought in bitcoin again at $20k. Now bitcoin is $6k+. I'm regretting my actions.  I also feel sorry for seeing you get a lot of losses but I am still convinced that bitcoin will rise by more than $ 20k. I hope you don't sell it now because prices in the market are very bad. now it is good to invest because the price of bitcoin is still far below, but if you do not have the capital to invest it is forced to only hold the bitcoin that has been held until the market price recovers. |
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I saw 70-80% ico are scam which are not reliable .they do smart work and making projects by invester and advisers and after not giving token ,making scami .what to do with them. Have you ever fallen in scams ? I am fallen some time .
I've also experienced something like you, but I have invested little in the ICO project, even though I invested a little, but I was very disappointed with the project I invested in. now I also see that many ICO projects this year have been scams, so I have to be more careful in investing because I am afraid of losing again. |
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Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .
First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.
The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.
It's on you how safe you make it .
you are right that bitcoin is the safest place because I have never experienced losing my wallet. I am always careful in keeping my bitcoin wallet's private key, but I also use a good wallet and I don't share my wallet's private key with anyone. |
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In simple terms until it gets a centralized state it will not be given importance as a legal currency. In my thinking it will get the legal status with some sort of limitations depending upon the government. It is legit, as everything happens through internet scamming is easier and this makes people term it as not a legit one.
I agree with you, before crypto currency sites are centralized and are under government control, bitcoin will not be considered a legitimate currency. now crypto currencies cannot yet be a legitimate currency because the government cannot yet regulate crypto currencies, in my opinion this is the reason people are still hesitant to invest in bitcoin. I also think that if bitcoin can be set by the government, the price of bitcoin will not rise higher. |
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Hello everyone, Today i'd like to share my story.
So in 2017 in sept, I first mined some electroneum coins and they were worth like $200 later, I as a student couldn't afford to buy Bitcoins for trading or holding, So mining did helped me ETN was a good coin, i would mine like 50 a day and it turned 20cents each, I got addicted to crypto and trading but i was scared to trade and lose those 200$ because then i'd have nothing, So from Sept to Nov, i'd just watch graphs and look at coins, Watch videos, try to learn trading and everything and in December i started trading and you guys know what happened at December 2017, But i was prepared so my $200 turned into like $150, still a loss but anyway.
But it went like this and i kept trading and everything, and i was in love with it...... Sadly in my Exams, I failed 3 papers in total 5... Because of Crypto, it takes you away from Real world, So i was disapointed because of it.
Now i trade carelessly without emotions, and i went above $200.. I saw many times and now experience told me its true that trading is 10% skills, 10% luck, 10% patience and 70% emotions....
good luck and enjoy your lives and don't ruin anything.
Edit: I still have high hopes from Crypto and i think this will change my life and i'll be not worrying about Studies later, But like people say "Don't put everything in one Basket" , so always have a backup. Study is my first priority and Bitcoin can be my side struggle and with luck and hard work, i might not have to worry about studies then.
everyone must have failed, but successful people are people who learn from their failures and rise again. we cannot give up if we fail but we will take lessons from the mistakes we made to improve our work in the future. I agree that study is preferred and bitcoin is the work we do in our spare time. I think people also work a lot on bitcoin in their spare time because working on bitcoin can be done at any time. |
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yes, at this time bitcoin has entered the business industry, I also see the development of bitcoin so many companies are investing in bitcoin. we all know that bitcoin has the function of trading, investing and mining, from this function that attracts all companies to invest in bitcoin.
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we have to be serious about the bounty campaign because we can benefit from the work on the bounty project, but at this time there are many bounty projects that are scam so we have to be careful in choosing the bounty project so that everything we do is a result.
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I have seen the crypto market for last 1 year and the last 6 months are not so good for BTC and Alts.
The total market cap is going down and price of BTC is pumping and dumping again and again.
What should we do now hold or take a exit and wait for more drop ?
all we have to do now is to buy and hold altcoin until the market price recovers. we all have to be patient waiting for prices in the market to rise again because if selling altcoin at this time will get a huge loss, besides that I often hear that the market will recover again at the end of this year. |
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do not give up because seeing a bounty project that is scam, we must be sure everything will be fine.
At present crypto currencies experience a very serious problem, namely a very low price reduction, therefore many altcoins and ICOs are currently difficult to develop. now there are many ICOs that don't work because they lack funds and suffer losses, I suggest for bounty hunters to be more careful in choosing ICO projects so they are not disappointed to see that the coins received are not valuable in the crypto market.
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What's the general feeling about some of the altcoins that have dropped in value considerably such as TRON, district0x, Cardano and SiberianChervonets.
I've been HODLing these for a while hoping they will recover but their value seems to be getting even lower. With new coins being launched daily, is it likely that these will ever recover?
I can only hold back at this time because all coin prices have dropped very far. at this time many coin holders suffer losses because they cannot be patient waiting for conditions in the crypto market to recover. I am sure the market will recover, so what we are going to do at the moment is buying and holding back until the market price rises again. |
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Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.
in my opinion the world is not ready for cryptocurrency because there are still many countries that still have not received bitcoin as a payment instrument, I think it takes a long time for the world to be ready to accept cryptocurrency. now we can only use crypto currencies to invest and trade. |
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