You might call this expert prediction but still is just speculation. Bitcoin is highly volatile and one year is a very long period of time, anything is possible. It's hard to make relevant predictions because from the current position you can't envisage all changes and factors that will influence the market. To my opinion short term predictions based on a month or two period are more reliable and more convenient to stick to for making some personal strategies.
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Criminals were among the first to explore the Bitcoin. They understood the potential it gives and also it gave them anonimity. In the early days Bitcoin was much more anonimous and transactions were hard or even impossibe to trace so it was easy to cover the criminal activities. That is also the reason why Bitcoin got negative reputation and many people thought it is illegal. Today law enforcement has much better tools to trace the transactions and exchanges are obliged with KYC and anti money laundering regulations so criminals don't have so easy job anymore to misuse Bitcoin.
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Besides Japan on the East I think that all western countries are good place for cryptocurrencies and Bitcoin friendly. Countries like Netherlands or Switzerland have always been progressive and embraced easily new technologies so the same is with Bitcoin too. Countries like I've mentioned were among first who made positive regulations for Bitcoin and tried to introduce it in society and financal flows.
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Education is very important in life. Maybe in.certain period of life we don't understand that but without good education it's hard that you will be successful in life. Even to become a successful trader and to deal properly with cryptocurrencies you have to have some knowledge. It might look that is not important and that in trading you need only good feeling and the luck but this can function only on short term. So investing in your education you invest in your future.
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This is a very long period of time. In.digital world and world of technologies is almost like a century. So it's hard to predict how the situation will develope but to my opinion cryptocurrencies will be more established and more accepted than today. They will not become mainstream but they will become more equal to fiat currencies and larger number of people will use them for different purposes. I also think that Bitcoin will keep the dominant position and the overal number of cryptocurrencies will diminish because they could not all survive on the market.
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Why are people always mixing banks and cryptocurrencies? These are two different things and systems and the purpose ofis cryptocurrencies is not to replace anything. Not Bitcoin or any other cryptocurrency will not push out the traditional financial system. It can make it function differently and more adjusted to current needs and modern technologies but that is all. Banks will continue to exist as the basic financial pillar and the cryptocurrencies will be the alternative and paralel decentralized system.
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I'm not surprised, this seams like a logical step for me. Europe is still progressive community that goes ahead with trend and I always expected for them to support new technologies and development. As a final step I expect that European Commision makes a some kind directive that will in positive way regulate Bitcoin and cryptocurrencies in the whole teritory of European Union. I think this is to be expected very soon.
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I think both are good and could be recommended but my choice is Mycelium. I use it for a long time now and it has good qualities in every way regarding safety, user friendly features, transactions fees, full control of private keys etc. Here in case of these two wallets it's more the question of personal taste than some differences that decide in favour of one wallet or the other.
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10000$ is a very nice sum and I wouldn't experiment too much with it. About 70% of the sum I would invest in Bitcoin and the rest of it in Ethereum. Those two are to my opinion still the best and the most profitable investment. I have no interest in other coins and I don't think they are worth much money and efforts. I mean there are some other few good coins but they are just short term investment and demand too much analysis and potential risk and at the end you can't know whether the decision was good.
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No matter how much I like Bitcoin, use it and find it profitable my future can't rely on it. Or at least not entirely on it. Bitcoin is and it will be too risky to count on it for a long period of time because too many changes are possible. That is why Bitcoin should be managed carefuly and part of profit that Bitcoin gives us should be turned into fiat or some other asset. It can easily happen that because of volatility you lose a great deal of value and that can't be predicted.
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Yes I do. I care about my privacy so it's important to me who, how and for what is using my data. So the basic point is that I have to be aware that my personal data is used and I have to give my permission for that. This is something that in Europe will be solved with the new Genaral Data Protection Directive that is made by European Cimmission and it's about to enter into force soon. I beleive that people should be aware of all the ways how their data could be abused because they might have serious consequences.
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I agree that selling merit is abuse and it's not right. The sense of merit is to be given not sold. But this is human nature, they find how to make money out of everything without thinking is it right or wrong. Sometimes people are just malicious and don't want to share something that is free, like merit is, but they want to make profit from it. But currently the way thy system of merit is functioning it can't be monitored or checked to prevent selling.
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If you are the single miner I wouldn't suggest it, it's not worth costs and efforts. You will spend a lot for quality equipement and at the end you will not be satisfied with profit. Also I don't suggest to go into cloud mining because there are a lot of scam scheems and it's hard to find the legitimate cloud mining services. My suggestion is trading, it's much better option although it's risky and it takes some knowledge and skills.
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If you look carefuly on current situation on the market and the current price there are no indicators that the price will jump that high. So, pure speculation I would say. On the other hand we have seen how fast price can rise or fall so everything is possible. And many say once Bitcoin crosses 10000$ again further rise will go much easier. Again there is no proof for that. But at the moment I will call this only wishful thinking.
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You are just too emotional. Bitcoin is made for being actively used, it's not made to be kept as some kind of souvenir. I see Bitcoin mostly as a currency and a payment method so there is no use if I get emotionaly attached to it. When you sell it or use otherwise for the first time it will be a lot easier the next.
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This can't be proved and I don't think there is such pattern. The thing is that you are maybe more focused on the price on weekends so you are observing the changes more carefuly. Some also say that the price is falling on weekends but neither of these claims are true, these are just subjective conclusions. To say something like that you should have done some study and have some claims and facts that could support that theory but at the moment it can't be said that the Bitcoin price is depending on the day of the week.
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The answer is simple, long term trading is easier. Day and short term trading requires full time engagement and your full attention and if trading is not your only job this is hard to achieve. Also short term trading is more risky especialy if you are beginer. Also it's easier to develope some strategy for long term and adjust it if necessary along the way. In short term there is biger chance to make fatal mistakes.
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Block chain can help banks transactions easily. Ripple already its a part of bank transaction, major banks should be use blockchain technology, but many countries are not aware of this technology. In near future may be we can see all bank transactions through block chain technology
And not just to banks but also to many other businesses. Actualy banks are experimenting with blockchain technology for a long time now and they will surely implement it in the near future. Banks maybe don't like cryptocurrency very much but they understand the advantages of new technologies and they want to implement and adopt them for their best interest and profit. So banks interest for blockchain is nothing new and surprising.
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There is no chance to be the last time. Bitcoin is volatile and always will be and that means that the price fluctuates in both ways, up and down. It can't be said that this is the last time this year and absolutely not in general. And there is no guarantee that the price will cross 10000$ soon, it might happen that we stay around 9000$ for a while. Everyone get spoiled with the extremly high prices from the end of the last year but we can't know when and if ever this will happen again.
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I beleive there are some people who are natural born talents for trading and finances in general. But they are very rare. Don't forget that trading requires skills, knowledge, experience and education. It's a skill that can be learned and that also can be profession. I wouldn't suggest big experiments to amateurs without any knowledge whatsoever, this might cost them a lot in a sense of big loses.
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