Though 2018 was more like a market correction. But FUDs, FOMO and unrealistic prediction and speculation is what happened, is it major influence. People good at overhypeing most Bitcoin activities or events to faults. The price of Bitcoin will pump again and it will cross more than 2017 prices but again it 'will' dump to certain amount. And its because people's are controlled by their emotions.
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It is simply because almost a good amount of exchange owners are into cryptocurrency and setting up exchange because of the money in it and the fear of the government. Many of them don't care if they want to uphold the true aim of cryptocurrency becoming decentralized. You don't blame them though, you should blame the patronizers. Most traders don't care about decentralisation, they just want to earn money through crypto trading.
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So it's more like casinos owners expect the player to lose. This sum up the simple fact that some casinos owners don't want players cashing out. The player might be well talented and mastered his game well before playing. Moreover, I think before conclusion is given, the player should try planning two to three games at a stretch and see if he wins. That day he won might be one of his lucky days.
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I think we are just panicking on something that is not going to happen. Nowadays, many people are dreaming of it even when there is no sign that it will take place. Since August à lot of forecast said it will happen yet we are in December and nothing yet. We are moving to 2020 and this forecast still persists. Let's get it over with and work towards a brighter economy.
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Let's stop attributing the price dump to one event or the another. I just don't understand why people do this, I guess it's their way of comforting themselves for the price dump. yet it makes no sense. People could be selling out of fear because they somewhat expected December to rain money but was disappointed.
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Totally agree, we need 10 years more at least
I think your estimated year is too long for more changes to be seen. Take a look at the history of Bitcoin, it didn't even reach up to ten year before we see massive changes. What we need is massive adoptable and adaptation and it will become the number one. This adoption or adaption can happen in a year or two, if governments are willingly to gives it a chance.
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It is okay to celebrate your winnings especially big ones but no need rubbing it on the face of a friend who has been trying to win for a long time. Though, most friend will take the good news as a motivation to keep trying their luck and skills. One reason why most people don't like sharing the news of big winings is because of friends who might want to ask for a share. Therefore, keep your friends small, it prevent evnviness.
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I'm not a fan of Binance Initial Exchange offering (IEO) but this dumping happen to Matic is very hurt specially if you are holding matic well if you take a look the chart history of matic in the past you will noticed a good run for this altcoin, but always remember not all the time the altcoin will stay on the top.
Just because they launched their IEO on Binance do no make them a trustworthy coin or being capable to stand the race in time. Probably the coin was a 'very good' shitcoin which was designed for this exact purpose. They draw what seems to be a good plan, launch the IEO on Binance, wait for some months then dump it drastically. Trusting cryptocurrency project these days is hard.
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The price is about $6+ now, something tells me it might go down to $5. However, at the same time, I am fed up of hearing price prediction from different angles just because of people are expecting a miracle of price increase this December. Bitcoin price can go down and it does not mean that it is influenced by bitmex leavrage trading or any event. People might just want to sell because they might be disappointed in December.
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Market is always unpredictable and it best if we remain positive, as anything can happen in this market. Most time it seems the market just takes it turn without a reaction of any news or so. This particular reason makes me tired of listening to any prediction cause most are not even close to it. I say let's reach the price of $9,000 before we start estimating if the rally is enough or not.
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I want to gamble for fun and not having to identify myself to the authorities, because they do not need to know all my financial matters. If I win a lot of money and they do a audit on me, then I would have to explain myself, but other than that, they do not need to know. I also like to socialize with other people, while I am gambling on the site. (sharing joy and strategies) I also look for gambling sites with a very low house edge, because I can gamble longer with a site with a low house edge. Majority of online gambling sites haves these features though. Though, online chatting platforms are not familiar with some old cryptocurrency gambling sites but they becoming popular now especially with new crypto casinos. For me, I will always go with a simpler interface and more transparent. However, casino sites should up their games and give users what isn't familiar with other gambling sites.
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I'm here in crypto to make money, That's why I choose fiat money. Because of fiat money everything I can buy unlike crypto only select stores accept it. And even though I invest a lot of crypto, especially bitcoin, eventually I still exchange it for fiat money. Thus adoption is needed, acceptance and awareness.
I think you are not looking at the long term goals here but the short term. I respect your choice but to say that spending cryptocurrency is limited is because you haven't find the right platform where you can spend your cryptocurrency on. In a matter of time, there will be online outlets to spend cryptos from. Moreover, check out this website, https://spending-bitcoin.com/ they provide a directory of sites to spend Bitcoin and other cryptos from. And here is their thread in this forum: https://bitcointalk.org/index.php?topic=5198903.0
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I have personally not been a fan of mining and its simply because I find it more time consuming and requires more of my attention which could have been diverted to other businesses. Mining may be earning some bit by bit income nowadays unlike before the earning is huge. Therefore, I feel the little gain is not worth the stress, if you don't have much time. To me, I feel the decision is okay though.
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I live in my parents house so daily needs, bills, etc. is not my concern for now. As long as I don't have things to buy for my own. I deposited mimimum amount day by day if ever I lose. Also, what i'm depositing isn't money I borrow from my parents. Hell, I wouldn't do such kind of things to my parents just to sustain my gambling habit. I can gamble my coins all I want but not the money they gave. If ever I became a family man, I would reduce my time to gambling close to quitting.
Just my two thoughts though, but you don't have to wait till you become a family man till you start saving up. If I may suggest though, you might want to cut down on daily gambling and be surprise how much you will save in a week. Weekly or bi-weekly gambling is the best as it helps reduce spending. You might want to try saving up to the till you will finally decide on staying on your own.
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I hate to say this but I have to; it is not about all about splashing the fees. Though I am a big advocate for lower transactions fee in exchange trading and all that but it's a pity that most exchange with lower fee has the worst service; they most likely use lower TX fee to attract customers. So as a user, you will come to realise that you need a good service after all more than lower fee.
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It's November 2019 and the price is $ 8000. We couldn't get above $ 14000. we are far from $ 20,000. I wonder:
Why can people be so optimistic that they'll think of $ 55,000 next year when we're not even $ 20,000? I'm not seeing where there is a lot of demand for the price to reach $ 55,000? halving will create a pump, but I believe the price could reach $ 17000 to $ 25000. $ 55,000 is very exaggerated
The guy is not only the one believing that Bitcoin halving will create a pump that will reach about $50k+ A lot of people have been speculating it, even Charles Hwang, the Fund Manager of Lightning Capital Hedger and its so confusing. I really agree with you though, even if Bitcoin halving affects the price to pump, $50k+ is just exaggeration and unhealthy for the market.
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It may sound funny to many, but I am proud to say that I have learnt better money management as a gambler. How is this possible? Many will ask as gambling is always associated with spending. For me, I learnt how to spend my money wisely and to restrict myself from unnecessarily money spending. It because when gambling, if I lose, I Never trying paying again. Through it, I cut down impulsive spending.
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I just see this as another news that is aimed at making people to panic. Anyway, you didn't bring up a chart or link to back up your claims. And moreover, does it ever occur to you that traders and investors might just be buying Bitcoin, prepares for 2020 and not for any apocalypse events as most people might claim. Let's be mild on how we spread certain news.
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It might, it might not. The estimated time for this halving is predicted to be between May 13 to 24, 2020. And truth be told anything can happen between that time. Though, if the halving occur within that time, I don't see it reaching $50k though but below it. But on the scenario when the halving occur on time, expect nothing more than $15k; cause we are not sure if the price will even be affected.
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These two social media platforms can never be decentralized because of it popularity and because they never started out in that part. The only thing that can make them to consider or take up that part is if there is a huge competitor that is decentralized that is capable of sweeping them off guard, aside that I don't see it leading that part.
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