No, I can't support this opinion. Bitcoin has the risks that everyone should be aware of but they are smaller compared to benefits it has. To my opinion volatility is the bigest risk Bitcoin has but if you count on that and manage the risk properly you will be able to handle it. But profit, independency and freedom of choice you can have with Bitcoin prevale all risks.
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This is nothing new, it's been the same earlier before merit appeared, this was also happening with the trust. There have always been and always will be some users who will abuse such systems thinking they have the right to keep the monopoly and decide who deserves something and who doesn't. Some of them were giving negative trust just because they don't like your name on bitcointalk or just because you applied on certain signature campaign. But to my opinion these are deeply frustrated people who don't have real life outside this forum and this is the only place they feel important. Generaly determing someone's quality is very subjective and depends from one person to the other and the system of values so don't bother with that too much, you can't change anything.
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It's been a silence for a long time on this field. After Visa and Wave Crest issues many well know debit card providers pulled back saying they are looking for new solutions but the new players didn't appear on the market. I think cryptocurrencies debit card markets has a huge potential and it's something that definetely has a future but currently there is a big hole that should be filled and many users are eager for such kind of service so I.hope soon we will see growth on this area.
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I see this only as a correction not a biger or serious dip so I don't recommend selling. Actualy last thing I want to see is some panic selling, there is no need for that. This could only lead to further loss unless you have bought under 7000$. Be patient a little, price will recover although I expect to stay under 10000$ for a while.
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It can only be good. I think it's so good that I am considering moving to Europe. America is clearly a dying place that is being flushed down the toilet. I look to Europe for world leadership now.
Could be but America is still strong and very important factor when it comes to world scene and policy. Still I know that America don't care much about the privacy and it has very different approach to that subject compared to Europe. But those companies who wants to keep doing business with Europe will have to adjust so this might lead to some changes in US too. Anyway the time will tell what all this privacy changes will bring to cryptocurrencies.
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As we all know, at least those from Europe General Data Protection Regulation (GDPR) entered into force today. It's the new European Union directive/law that protects personal data from excesive use, abuse and disclosure without justifed cause. It applies to all public and private institutions and companies that deal with personal data. We all know that Bitcoin has lost a great deal of privacy and anonimity from the moment it first appeared due to different laws and regulations that affected exchanges and other services that deal with cryptocurrencies. Do you think that GDPR will change something in favour of Bitcoin users.
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And why is that bad news for Bitcoin? And who says that he is so influental that his opinion would affect Bitcoin in some significant way, to much attention is given to.such "experts". To my opinion the greatest added value of Bitcoin is decentralization and new technology (blockchain) that is based on. This is the first time in financial history that we have system like that and that can actualy change something.
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I think people are expecting too much and not being real. They are all comparing prices with 2017 that was realy exceptional for Bitcoin and everyone was expected such enormous growth to continue but the market isn't reacting according to our wishes. Still there is a whole of half of this year that can bring further growth of Bitcoin but don't expect that the huge price from 2017 will happen so soon again.
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Not every media is negative about Bitcoin. Besides warning people that Bitcoin and cryptocurrencies are risky and that investment might bring you loss too isn't negative but informing people to be aware of potential risks. And that some people still need because there are some who think that Bitcoin is only profit and when it happens different they blame Bitcoin not themselves You also have to know that some media are highly influenced by different interest groups, often they are financing them so the attitude of such media towards Bitcoin would be in course with the attitude of their sponsor and if it belongs to some financial institution this might be negative.
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I believe bitcoin is going down due to the impending Google and Facebook ban. This ban will make crypto marketing difficult and hence less people will be aware of the crypto services.
This correction has nothing to do with Google and Facebook. They don't have such big and important influence on Bitcoin and besides their ban relates to some crypto advertising that could be harmeful for users anyway. For a quite long period of time Bitcoin price is going back and forth but always in a range between 7000$ and 9000$. I beleive this situation will remain for a while because Bitcoin market still isn't ready for biger price jump.
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I say to buy. It's the perfect time to.use the current price correction. I don't think the price will go much lower, actualy to.my prediction the bottom price at this correction shouldn't go lower than 7000$. Despite some earlier predictions obviously the moment still isn't right for some further growth but in the upcoming period we might see Bitcoin pricr swinging somwhere between 7000$ and 9000$. I just hope we will not see some massive panic selling.
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Not so long time ago when the Bitcoin price was on the peak fees were a huge problem because they were extremly high. At the moment fees are prety low and decent. Bitcoin transactions have certain price and the miners need their share so expecting for fees to be zero it's not realistic. Nothing comes completely for free and so it's the situation with Bitcoin, using it has some price.
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Both of these categories are very subjective and don't look at Bitcoin with real eyes. Bitcoin has its advantages and disadvantages. Fans see only the good sides and don't want to hear any criticism about it and haters see only bad sides and think about Bitcoin all the worse. The truth is somwhere in the middle and we have to accept good and bad sides and try to see the most realistic situation. That is the only thing that benefits Bitcoin
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To my believe Bitcoin is fuly dependant on the users that support it. Without them Bitcoin can't survive and can't grow further. They are also only ones who can destroy it if from some reason they decide to give up the support and stop using it. Nothing can't grow that big that it can't fall, we mustn't forget that but also the value can't just vanish over night and every process could be controled and there is always a room to react if necessary.
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It's interesting how everyone wants everything instantly. Instant profit over night, things are not functioning that way. But you can easily instant lose your investment if you will not play smart. Successful trading takes time. You have to know the market and the currencies you are trading with, you have to learn how to predict short term and long term predictions, you have to know at least some basic financial postulates. Remember, there is no such thing as free lunch.
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I don't think that such scenario is very likely. And I don't see that Bitcoin millionares would have such interest in dumping price so much. This sounds to me more like a conspiracy theory. Also, selling extremly large amount of Bitcoin in short period of time wouldn't go without attention of governments and tax authorities. Don't think this is going to happen, it's only speculation without any solid proof.
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Blockchain is technology of the future suitable not just for cryptocurrencies but for many other usages in many diverse industires and businesses. Many different tests are being made recently by many companies exploring how the blockchain could be used in the best and most profitable way. This in China an example how you can't find modern technologies and people will always find the way to use it for the good purpose.
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I guess that crypto would be popular, at least at first because of Facebook popularity all around the world. On the other hand because of recent issues with personal data misuse successful crypto could help them to improve shaken reputation. Also behind all that could also be the attemtp to explore the possibilities of blockchain technology they want to use, like many other companies. Anyway the time will tell what are the true intentions of Facebook.
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I beleive in luck but I don't rely on it. Because if you have luck it will not last forever and it will not follow you every time you desire. Without hard work, knowledge and experience.you will not be successful in any field and that is also valid for trading, only combination of all these factors can bring you profit. But since trading is often compared with gambling some luck can't harm you but don't think you are lucky every time you get some profit.
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You didn't give much information about the country and how exactly is it banned. Is it completely illegal so you are not allowed even to hold Bitcoin or maybe illegal is only exchanging or using it for some businesses? Is using Bitcoin punished in some way or not? Anyhow you still have the choice. You have to avoid banks in your country if you exchange Bitcoin and don't deal or pay with it on any domestic web sites and services. But internet has no boundaries and it can't be fuly controled and monitored so you can use Bitcoins outside your country.
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