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Seems like it will continue to struggle. At the moment it was around 9500$ but now it's going back again. To be honest I don't expect to go much further this month and it probably will not touch 10000$ any time soon.
This correction lasts a long period now but it was kind of logical situation after huge rise at the end of last year.
But once we break 10000$, hope next month doors for further growth will be more open.
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Was Bitcoin illegal in Uzbekistan by now or just wasn't regulated in any way? This is a difference but no matter to that it is always good to hear some positive news related to Bitcoin and governments although Uzbekistan is small country without big influence in crypto world so that will not be such big and important impact.
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Generaly looking Bitcoin is still young and there is plenty of time and space for further growth. I think that nobody can't estimate at the moment how far can it go but if you ask me it still hasn't reaced the final peak.
And what that peak will be it's defined by market and the users, they will set the limits.
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You can't avoid losses, sooner or later they will hit you. So it's good to set some limits how far can you go and what is acceptable. But this is very individual so you have to make decision for yourself. And don't cross that boundaries.
The worst thing you can do is to force recovery immediately after loss, probably you will only make things worse. Take a day or two, cool the head and think about strategy what to do next.
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I think that Bitcoin can be destroyed only by users itself. In a sense that they don't want to use it anymore because of huge loss of value or something similar. This is not likely to happen but still it's possible in some artificial scenario and this would be destruction as a value and payment system.
But as a technology it can't be destroyed.
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So, this is never ending story. Finaly they concluded that I spent more than I had on my card. When asked for something to prove that and to show me the transactions that doesn't match they answered that this is too much for them to do, it takes too much tineme and that I should count on my self.  Can you imagine that answer? Btw. by counting I came to conclusion that the figures don't match. So, they don't make any investigstions at all, they don't check anything they are just guessing and sending information that have no ground on anything. They are just bunch of amateurs, not.a serious financial service.provider. As soon I find some other Bitcoin debit card provider I'm leaving this ridiculous service. |
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At least until the end of the month I don't expect some biger price movements. To my opinion the price will continue to move somwhere between 8000$ and 9000$.
At first this last rise looked like it might continue but actualy we all know how Bitcoin easily changes and now it's the period when we should be ready for every kind of scenario. Still hope to see Bitcoin crossing 10000$ in May.
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I have already wrote about this in separate thread but I'm so angry that I have to share this with you.
Aproximately month ago I noticed that I'm missing more than 50€ on my Mistertango debit card. I only load it with Bitcoins. I contacted the support immediately.
I have to say that I'm extremly disappointed with Mistertango support and customer service.
After a month of sending emails, screenshots and all transactions and deposits history, explaning in all possible ways that the money on my card is missing today I got an email saying: Your issue is solved, have a nice day. Without any explanations at all! And my money is still missing from the card.
I asked the same questions again and the answer was what amount of money I'm missing. After a month of contuinuous conversation and the replays on the emails in a row!!! It's like they are making the ful of me!
I conculed that they don't have any control mechanism at all, they can't monitor the transactions or trace the history of deposits and spending. Shortly, they are not serious and responsible card provider at all. Highly unprofessional.
After all this I can only say to avoid Mistertango because of poor service. If they don't solve this and give me money back or give reasonable explanation why the money is missing I can only say they have stolen it.
Thanks for sharing this. Hopefully they will give your money back. By the way, have you already made legal steps regarding this? No, not yet. I sent them another email with full explanation again. This is the last chance I'm giving them, waiting for some reasonable answer with explanations. After that I will make some further steps, depending on the result they give me. I can't say how disappointed I am and just wish that Xapo start to provided Bitcoin debit cards again. Even if I had some small issues with them they were very professional and always customer friendly. |
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That is how exactly things should functioning.
Everyone is too much obsessed with price movements these days because they are only counting on short term. But we are all aware that Bitcoin is the most profitable on long term and that is the way to achieve the best results.
When you think on long term you can be much more relaxed and much more goal oriented.
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I think that there was critical mass made that was tired of traditional payment and banking system, oldfashioned finances with too much third parties involved, too much centralization.
Bitcoin looked like a solution for all this issues but I think that back then when it was created no one realy thought that it will achieve such success.
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I'm still not full convinced that this price rise will continue for a long term. It more seems to me that for a while we will have another period of price "stability" that might stay between 8000$ and 9000$. To cross those value it might take some additional time.
So now the time is still convenient for buying before the new pump era begins.
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Everyone who is long enough involved with Bitcoin knows that. The best result and the best profit you can make on long term. But the problem is that many people just don't have enough patience, they want to become rich over night and think that Bitcoin is the best option to achieve that. But nothing comes over night but to realise that we often need experience and knowledge and these are two things that many Bitcoin users still lack.
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Bitcoin was always my first choice and it will stay so. For me it's the most reliable and the most profitable and also I can use it the best in the real world.
Ethereum could be the second choice but it takes only the smaller part of the portfolio, it's more like an experiment and to diversify the investment a bit. But at the moment I realy don't need alternative to Bitcoin, it can fill all I need from crypto.
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You can't do that in sense of profit. Bitcoin is volatile and risky and there is no guarantee that you will get the money you invested back or aditional make the profit.
Regarding hackers Bitcoin network is secure but wallets and exchanges are highly vulnerable. What you can do is not to keep large amounts of coins at exchanges and to use secure wallets like hard wallets and aditionaly secure other wallets like mobile wallets.
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Germany sees bitcoin as a currency, equivalent to legal means of payment, an alternative to fiat and an acceptable mode of payment. They will not tax the person who buys coffee using bitcoin. More interestingly, they are not to tax bitcoin Exchange operators who are using their name or act as intermediaries for buying and selling bitcoin. Not included in this exemptions though are exchanges that operate as a technical marketplace. This actually is the evidence that bitcoin can be regarded as a currency, not as an asset wherein every mkve you make using it you will be taxed. If only more countries will accept bitcoin as payment then it will really level up how people look at bitcoin. Source: https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/This is quite a logical explanation. I think this clarification has not yet been approved. Banks will oppose this approach. They will blackmail governments and perhaps some of them will go bankrupt. This could force the government to abandon such an idea and return to accepting bitcoin as property. Blackmail and bankrupt? I don't see this as a possible scenario. Banks are not that strong afterall. But since Germany is part of European Union this could be a good example for all other members to follow it. Anyway I expect European Union to be positive environment for Bitcoin and other cryptocurrencies. |
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Well, it's not complicated but some knowledge it's needed to be able to use it and to understand it. For younger generations I don't think this is problem, they are used to new technologies that appear all the time but some older might have some problem. So the key is in education and promotion, with some key basic information everyone can learn how to use or even earn Bitcoin and other cryptocurrencies.
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I realy don't care about such people and don't bother with them. Some people are just like that, they hate everything and everyone and often even don't know why. Similar is with cryptocurrencies too, they probably don't know anything about them, how they are functioning and what is the purpose but they don't like it anyway.
You can try to explain with arguments and on the practical example but if they don't want to listen don't waist your time and energy for nothing. There is plenty of people who understand the true value of crypto.
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Honestly I don't expect Bitcoin price to cross 10000$ and reach 15000$ this month. Although the price went up current situation on the market still doesn't show with certainty if this will be continuous growth or just temporary.
To my opinion Bitcoin price will stay for a while around 8000$- with up and down tendencies and for 15000$ we'll have to wait for a while.
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I have already wrote about this in separate thread but I'm so angry that I have to share this with you.
Aproximately month ago I noticed that I'm missing more than 50€ on my Mistertango debit card. I only load it with Bitcoins. I contacted the support immediately.
I have to say that I'm extremly disappointed with Mistertango support and customer service.
After a month of sending emails, screenshots and all transactions and deposits history, explaning in all possible ways that the money on my card is missing today I got an email saying: Your issue is solved, have a nice day. Without any explanations at all! And my money is still missing from the card.
I asked the same questions again and the answer was what amount of money I'm missing. After a month of contuinuous conversation and the replays on the emails in a row!!! It's like they are making the ful of me!
I conculed that they don't have any control mechanism at all, they can't monitor the transactions or trace the history of deposits and spending. Shortly, they are not serious and responsible card provider at all. Highly unprofessional.
After all this I can only say to avoid Mistertango because of poor service. If they don't solve this and give me money back or give reasonable explanation why the money is missing I can only say they have stolen it.
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I have to say that I'm extremly disappointed with Mistertango support and customer service.
After a month of sending emails, screenshots and explaning that the money on my card is missing today I got an email saying: Your issue is solved, have a nice day. Without any explanations at all! And my money is still missing from the card.
After all this I can only say to avoid Mistertango because of poore service.
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