If large number of people start hodling their coins and don't use it much than yeah Bitcoin could reach antique levels but if most of the Bitcoins are used for payments and transferring money than the supply wont be scarce and Bitcoin will be easily available. But yeah once the mining reward ends after Bitcoin reaches the 21 million point there would be deflation.
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I prefer the investment type that you haven't listed and that is hodling. There is no better way to earn through crypto markets than by hodling. Also you don't need any special knowledge to hodl and just need to know how to do some basic researching. Also this is the safest type of investment.
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Of course governments fear bitcoin as its something they don't have any control over and it has the potential to disrupt their hodl over the money flow. Also with bitcoin having a decentralized network even if the governments ban it, it wont have much effect as bitcoin network will keep on running nevertheless.
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Lol, what kind of a retarded question is this. Do you know that people use cash to buy drugs in the real world. Now is having cash a crime? I don't think so. So stop with these stupid questions. Every thing has a good and bad use and you should focus on the good features of bitcoin instead of the negative ones.
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All these countries cant agree to one thing currently and theres no way all these countries are going to come together and ban the crypto market. Also even if they ban it, it wont help them as crypto currencies are decentralized and what that means is that no one has control over it but everyone. So even if they ban the markets, it wont work.
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Cause most of the scam ICOs are hyped by large number of shills and there is no way to differentiate between them and the good ICOs. Also most of the ICOs launched last year have already failed so I don't see why someone should have trust in the ICO future. Also most of the ICOs are being valued at crazy prices and aren't worth even one tenth of their valuations.
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No one knows the reason for the recent pump. As always we will likely find out later on for the reason of the pump. Like we didn't know that the drop in prices for the past few months was due to the dumping of coins by MT GOX trustee in large numbers on exchanges. I don't think there is any big bad political news that could move the crypto world.
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If any one went all in at that time than he has already increased his investment by 50% and would likely more than double in a few months. Ethereum is the kind of project where you cant go wrong investing in it. Ethereum has one of the brightest futures in the crypto world and currently nothing can stop it.
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I don't think you have the same things to say now. Crypto markets is a hodlers game and those with weak hands are going to get burned while those who would have hedl Ethereum through the bad times are millionaires now. If you don't believe in a project and its future than don't invest in it, period.
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If someone sent you bitcoin than just take the transaction id of that transaction and paste it on any online bitcoin block explorer websites and if you see your transaction coming up than that bitcoin is valid and for real and also check for the confirmation of that transaction before taking it as valid.
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The only solution to overcoming panic is to only invest money that you can afford to lose. Doing otherwise will result in guaranteed panic at every large price drops as there is a chance of you losing your hard earned savings. Also patience is a key in trying to not panic and try to avoid watching the price of your coins every few minutes or hours.
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If you are asking this question means you are really new in the bitcoin world. For desktop I would recommend electrum wallet while for android I would recommend the mycelium app. Both of these apps are secure and popular. Once you download a wallet make sure to backup the seed or wallet file first as thats the most important thing.
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Bitcoin tends to reward more to those who hodl. Also trading isn't for everyone and most of the people end up losing their investment by trading so the best option for them is to hodl and be relaxed. Also hodling helps you stay calm and patient while avoiding going into panic every time the price takes a dump.
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Yes one reason why bitcoin has value is cause people agree that it has value but whats another big reason is that it depends on the demand and supply. If something is needed by someone than it has value and how many people need it and how scarce it is, is what decides its value.
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The best thing about cryptos is that they are decentralized meaning no governments in the world can control it. Even if they bring in regulations they wont be able to control it. Also some regulation is going to be good for the crypto markets as it will bring fear in the scammers and they will think twice before doing something shady.
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Few months ago it wasn't fair at all but currently I think the Bitcoin transaction fees is fair enough, for few cents I'm able to transfer my coins. And with lightning network and segwit launched its only going to decrease with the increase in their usage. You wont have to face the same high fees condition again once segwit is adopted by everyone.
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Yup, I have the same target. I have been buying with every single extra cash that I can afford to lose for few months now. If you believe in the bitcoin technology and project than there is nothing that you should fear and be ready to even go to zero with it. I don't care what happens or how big of a FUD someone spreads, I ain't stopping buying bitcoins.
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Yeah for someone who is completely new to the crypto world it might be quite overwhelming and he will need to research a bit before he is able to understand the different things needed to become a owner of bitcoins. There are many things like exchanges to buy from, wallets to use and many different technical know hows he needs to understand before diving into the crypto world.
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I don't think a centralized coin like Ripple could ever replace Bitcoin cause it voids the purpose of blockchain i.e., decentralization. Bitcoin is still the king of all the coins and as long as the prices of altcoins are tied to that of bitcoin I don't think any other coin is replacing bitcoin from the number one position.
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I always go with MEW when it comes to ERC20 tokens, it gives you good service and maximum security for your coins, its easy to use and readily availbele for free
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