Since bitcoin's market value is volatile, we can't expect it to rise constantly or always fall too. But for now, i am really expecting that today's spike of bitcoin's market value is the start of a bullish market that has started too early.
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I think the advantage of bitcoin is its instability, it will continue as long as the demand for bitcoin is always increasing, and maybe the bitcoin price will never stabilize. well, but it is always in use for a short profit.
Instability of bitcoin's market value due to its volatility is a good characteristic of bitcoin. Yes, with its unstable market value, you can wait for it to fall down and buy the dip and then hodl until its it's time for it to sell at a higher price.
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With Bitcoin's current state, buying and holding would not be advisable; not until the clouds clear up.
But the current state of bitcoin is down so that means buying is very much advisable since you can buy it at a lower price and that is also a good idea to earn big the moment its market value will pump high.
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Bitcoin and alternate currencies' market value is defined by the demand of the people. Surely, bitcoin's market value has risen so high because it's already the mainstream and more and more people are investing on it already.
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It was once last year that bitcoin reached an all time high at 20K USD but it's hard to see it as it plunged so deep more than half of that market value now. But it all started to rise back again now and if this will continue and will be the start of its launch back to the moon, then my expectation that it will rise in the 3rd quarter will be so wrong.
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OMG! btc prices continue to decline, most likely the price of other coins also decreased. we need improvement in the face of this situation. in my opinion 2018 really a lot of surprises.
Even the current spike of bitcoin's market cap and price doesn't surprised me at all because it is just actually part of the process of climbing back again. Every time bitcoin crashes down, it always takes time to go back up high.
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This year ETH will be the main coin
Despite Eth's popularity, we can's still deny the fact that bitcoin is still dominating on both areas. So while Btc is still around, Eth's chance of making the top cryptocurrency is really impossible to be realized.
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Yes it is not a bad thing at all, instead, it's an opportunity to buy more of whatever crypto assets you have in your portfolio. But for some, falling is a nightmare most especially when their supposed profit-to-be has cut into half or even 90% of it.
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Five (5) years from now, bitcoin will finally reach its peak around thousands of dollars per bitcoin. That may sound so high but bitcoin can really reach it that mark as long as the demand of people continues to grow everyday.
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That's really cute to watch and read but i don't really think bitcoin can go down that low. Bitcoin has its resistance at around 5,000$ because bitcoin's dip has never gone to that mark before sine the start of this year.
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If this price hike will continue sometimes in the start of 3rd quarter, then we can expect a very good future of bitcoin for this year. Rumors has it that its market price will exceed the ATH price last year.
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Since this week, bitcoin has its market price grow and seems that we are entering on the bullish market already. If this is really the start of bull run, then i can expected that bitcoin's price before this year ends is somewhere between 20,000$ and 50,000$.
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Bitcoin's market price can fall so deep that noone of us really knows how deep it will fall down because bitcoin is volatile. But so far, bitcoin has only fall to 6,000$ and goes up again and again. Just remember that there is money when its market price goes down so deep.
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That's what actually i am doing because i've been hodling for a couple of months now. I believe that bitcoin will always comeback as i see it on the history of bitcoin backed by experts' speculation that bitcoin has not yet reached its peak.
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Bitcoin is only a measure of value, so I do not see how it can help the development of a country.
But with its value, more and more people are earning dollars and getting rich. Not only that, bitcoin has become the base currency of cryptoworld and one of the reason why ICOs are coming out and with their bounty campaigns, it's giving a short time work for people that even the jobless can participate.
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I think there is nothing good to compare between these two if you have them both in your character. I do believe that if you have them all, you are likely to become successful in your life and career provided you will also work hard.
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It's to save it if that coins you have mined are coins with great potential to boom in the future. It's really worth keeping this cryptos for long term most especially if they are in volume and that you're also sure enough that it has a future.
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As what is written on Satoshi's white paper, bitcoin is an alternate way for payment of goods and services electronically. A cashless society is an expected result for this innovation but the countries that are banning cryptos could be the hindrance of this.
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I think investing in bitcoin and cryptocurrency is the best way for you to invest for your future and your family. The cryptocurrency market is in its infancy, so the potential of this market is enormous, so to be successful in this market there needs to be a long-term orientation with it.
And that's what bitcoin is as far as investment is concerned. You can earn big profits just a week or two since the day you invest in bitcoin and a much bigger profit awaits you if you keep your bitcoin in a long term.
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Aside from government regulations about using bitcoin and the cryptos, one major concern that needs to be addressed is the fact that you can not utilize or transact bitcoin if you are offline. How can you buy food when you are so hungry and the internet crashes?
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