The crypto winter of 2018 and 2019 did flushed out many nonsense projects and the market has significantly matured over the last few years, it's exactly what i expect from the long crypto bear market.
In this year i expect accelerating crypto asset adoption and the key building blocks will come into place for crypto to achieve it's long term potential of revolutionizing how value can be stored and send around the world.
I don’t think there is going to be anything like an end to scam in cryptocurrency if we don’t bring a solution to ending it. They are not going to disappear without us putting the effort to stopping them, if we don’t they are going to still remain there. These scammers see scamming people as a job, so they never get tired of doing it, because they see it as their means of income unless they are caught and dealt with. It’s mainly left to us crypto enthusiasts and users to be very careful about what project we invest in.
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So i heard that the number of Bitcoin transaction increased double recently.
which means i can expect price increasing near future right?
Btw, i recently got airdrop token, which is exchange token, BPX?
Do you guys think that this kind of token may have a good value or nothing?
Hmmm, I have heard of several reasons that can lead to an increase in Bitcoin (BTC) price and an increase in the rate of transaction has never been one of them, maybe it can signify that there is increase in usage and adoption, but it doesn’t really mean there will be increase in the price. If you talk about reasons that can make the price to increase then you should be talking about the rate of supply and the demand; a constant demand and lower supply can cause a spark that will make the price to rise. The next thing that can affect the price is cost of production, miner’s rewards, exchanges , etc. So transaction is not part of it, I’m only looking forward to the next halving, that might lead to a bull run.
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I don’t really know if there is going to be an increase, maybe the speculation that there will be one might convince new investors to start buying and that in turn might lead to an increase since a constant demand and decrease in supply rate leads to that. I have seen some people predicting that there might not be another increase in price , there’s been increase twice in the last two halving, this time around it might be a different story.
According to an article written on Coindesk, the move from $3,300 to $12,000 means that the halving has already taken place, so that’s one of the reasons for doubting on whether there will be increase. Seriously I hope that the price will rise.
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I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position
That is a risk that you should realize when you invest in crypto. There is no 100% guarantee to see the coin will be staying in the top price or will survive in the crypto market. All you can do is analyze more, and more so you will know what you should do, and if you think that the coin will not survive in a long time, you can sell it at any time but make sure you can sell if the price can be higher as your buy price so you can make a profit. We can never have profits without any risk. There always is a risk factor which remains constant no matter in whichever coin we invest. Even investing into bitcoins or any such major coin can be riskier if you made a purchase on the peak. You need to wait a long time in order to gain profits again by selling the coin above the price you bought. You should gain some patience which would never allow you to sell your coins below the price you bought them because it would only give you loss. Even if you have bought some wrong tokens, yet you should wait until the price at least reaches the price you bought them so that you can sell those for no profit, no loss and shift onto some profitable coin analyzing the buy points.
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Really Bitcoin transfers are expensive and lower speed, therefore altcoins are much easy to transfer. For small transfer amounts Bitcoin is not usable.
Yep, altcoins are really fast and recently my bro has been sending me some money through Ethereum and it’s always instant and when I send it’s the same and the fees are very low. But, despite that I still prefer Bitcoin, I just can’t really tell why lol, maybe because Bitcoin is the first cryptocurrency or I have gotten used to it I guess. That’s the same thing for most people they prefer Bitcoin and there is this belief that bitcoin is much secure than altcoins and I believe that is true. And by the way, there is now lightening network and you can make use of the lightening network to make your transaction faster.
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2019 was indeed a very good year for Bitcoin, but some people really don’t know that.
The increase is far much ahead of what Gold was able to achieve , just that some noobs who invest when price is already at itsapex for the year, they just want it to keep going up so that they can keep making money until they have become rich overnight. They just see Bitcoin as a means for getting rich quick, and when they happen to be unfortunate they start whining in the forum about BTC being a scam and not increasing in price. They forgot that Bitcoin went from $3000 to $13000 last year.
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Cryptocurrency exchange clone services? Are such things even reliable? I have seen a few people in this forum that claimed to be offering such services of letting people create their own exchanges on their hosted platform. To me that doesn’t make any sense, anyone that wants to create and run their own exchange and using a hosted server is just wasting their time. If you can’t afford to setup your own and also build a very secure platform and invest seriously into it then you should just forget about it.
We are already tired of the lots of exchanges that are filling up the internet today and majority of them are scammers, and only a few of them are legit.
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Senegal has given the green light to build Akon City—a 2,000-acre metropolis that will trade exclusively in a digital currency called Akoin. Read more: HERELol, it’s good but kinda funny. It’s a very good idea as he is trying to promote the idea of using cryptocurrency, but it’s funny because some celebrities and influencers are now diving into cryptocurrency and instead of promoting the use of Bitcoin, they just creating their own cryptocurrencies and the way I see it they are just doing business with their followers, you can’t tell me that they are not going to benefit from people making use of their coins, of course they will make lots of profit so these are all just business. We already have lots of cryptocurrencies and most of them have ended up failing and becoming a disappointment .
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I usually don’t stress myself with the promoting of Bitcoin, there are already lots of articles that talks about Bitcoin online and if you want to know about it you should go and read those articles, it’s not my job to do that. When I discovered Bitcoin I did it myself and no one even taught me a single thing about Bitcoin, I did my research and I learnt everything myself.
Moreover, I’m not the type of person that likes to make everyone know what I’m up to, I keep my business a secret, I don’t wear t-shirt that has Bitcoin on written on it, nah, I don’t have that kind of time, but if I see people discussing Bitcoin I do join the discussion and teach them things they are meant to know but not in a way that would make them know that I’m into... Especially my friends, I don’t want anyone trying to figure out how much I have invested and what I have gained.
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Well it’s more like the government wants you to work very hard before you reach that level of becoming a millionaire. And moreover, if you invest in Bitcoin and become a millionaire overnight there is nothing wrong with it , so it’s not a crime and they are not going to punish you for that except that they will come for their tax.
There are lots of people that turned millionaires through Bitcoin and they are open about it and no one queried them on it, it’s an investment that they did, they didn’t scam or steal from anybody. If your job is not paying you enough then you should look for another job.
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How do you compare Bitcoin SV and Ethereum? Why these two coins, where is the logic? You saw BSV being pumped now and fell in love with this project? And what will you say when it drops down? Back to ethereum again? Ask yourself this Question, ETH dumped hard since 2017 from 1700$ to 160$, ETH RAPED Investors very hard. Actually, letyouearn's got a point. What would actually be your response if the price for BSV drops more than Eth. Would you say the same thing which you say about ETH to BSV at that time? Cryptos have a volatile nature and being volatile means they might face any pump or dump no matter how hard it hits. Also ETH is yet on the second highest position according to the CoinMarketCap which makes is yet unique no matter how hard dump it has already faced. Even that dump was expected because the price you are quoting was somewhat reached in the bull runs which after ending had to dump. Even bitcoins were dumped after the bull runs vanished, so would you say the same to bitcoins too?
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How can we actually expect micro businesses to know about cryptocurrencies? Even without any survey or research we can assume that mostly 60% of the local entrepreneurs might not be aware that even cryptocurrencies exist. They might perhaps have went through some post or stories roughly and it would have given the remaining ones some idea about what the cryptocurrencies actually are.
Micro businessman actually focus on the local product sales and promotions. They would not have time to look for any other earning platforms introduced by the cryptocurrencies. Also as long as I can think, most of the entrepreneurs would not accept accepting cryptocurrencies as a payment method in their store.
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I don’t think they really went all out to delete cryptocurrency videos because they placed a ban on crypto, nah, if it was that then they would have also targeted all those big brands as well like Cointelegraph and the rest of them.
After they carried out the crypto purge, they later announced that it was a mistake that they target the wrong accounts and apologized to those that were affected. I guess there are particular contents they had in mind to remove from their platform and unfortunately others got on the way.
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I am one of those who do not like the fork coins like this bsv. I don't know what their innovations are going forward, I don't care. What I do know is that they are only projects that use the results of the bitcoin fork. Moreover, driven by the Faketoshi. Where he always makes a continuous sensation.
Fork coins are sometimes beneficial as they might give us some instant profits by just holding a specific number of coins in our wallet at the approximate block so that we are given a fixed ratio of the newly forked coin in our wallet. I participated in some forks and personally got profits from those but considering Bitcoin SV I think it is something made from a replica of bitcoin. Such replicated coins might not gain huge demand in the market as already we have the coin from which they are replicated. Bitcoin is always a better and convenient option in terms of such other forked coins like BSV. I think BSV might not have this value it currently has in the future so I do not tend to be amongst the BSV investors.
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But, how would the project itself earn revenues if it pays peoples just for walking? I am sure that the pedometers in the mobile devices won't pay any such application. They might generate a revenue from displaying ads on their application but for what period would it be valid?
I think they could only generate minimum income from such ad campaigns and they need to pay their clients which would be using their application for mining cryptocurrencies just by walking. They might perhaps shift from the "Cryptocurrencies" to their specific token which they could reward the users who use their smartphone for mining via walking but how would they create a demand for such token? Things like this should be considered before starting a project and perhaps it might be the thing which stopped the regulation of the "MangoCoinz".
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Forex markets are actually easy to understand as making an deep analysis can make us believe the price and also studying the current market affairs can make us able to predict the future demand for the stock which would also derive us the pricing which makes it beneficial for the forex traders.
Crypto markets are a way similar to forex markets but due to their high volatility is makes it a bit difficult to understand the markets. We have to follow a lot of things like following the trend, volume, etc makes it easier to understand the crypto which does not actually impress the stock holders and they yet find trading with cryptocurrencies a bit difficult and inconvenient in comparison with forex markets.
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Cryptocurrency is very good, but comparing it to other methods of transaction we have I would say that it is not really fast and neither is it much safe when it comes to doing business online. Okay, the good thing about cryptocurrency is that it eliminates the middlemen and that’s cool, because I now send money to friends and family that I trust with the assurance that the money will get to them really quick without having to go through a lot of processes and not paying lots of fees as well.
But, as for buying online, there are faster means like Visa which confirmed immediately you click on the 'pay' button, which is unlike cryptocurrency. And most of these methods of payment has protection, but there is no protection for those that decides to make use of crypto.
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Yes, we are all paying lots of attention to the upcoming halving because it will be a big event within bitcoin ecosystem. I use Bitcoin every week for transaction, and I’m always funding my wallet. Money that fund in my Bitcoin wallet hardly stays for long because I’m always sending it out, so I would say that I mainly make use of Bitcoin as a means of transaction and not really for investment. But, I’m planning to buy a hardware wallet like Trezor and use it to store bitcoins now that there is going to be a halving since a lot of people are saying there is going to be an increase.
A lot of people I know that are afraid to make use of Bitcoin is because of the volatile price, and those I see that go for it are mainly as investment, it’s only few that use it mainly for transaction.
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The Supermen/Crypto-night stuff is always funny. Most of the jokes are kinda recycled,but they are funnier when you don't have any BTC.I sold all my BTC so I can laugh now.I wouldn't laugh if I had some BTC in my wallet,constantly waiting for a bull market. Why would you wait for the bull runs to arrive if you don't have any BTC? Are you expecting to buy some bitcoins once they enter the bull markets? . Jokes are jokes no matter they are recycled or self-created. I appreciate OP for doing so as it keeps the community well entertained and also I can see a lot of peoples have started contributing by creating their own jokes and images regarding the same. This keeps their brain active and also helps to make fun in between the community which might be something good for everyone's sake. As it is well said, "Sometimes laughing or crying are the only option, and laughing feels better at the movement." I am speaking in terms of a HODLER experiencing the bull traps. .
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True or not the fact that Local bitcoin Traders are only just getting ready make profits is still there, either cases, whatever happens war or not they are trying sell their Bitcoin and ready to take off if they make it alive somehow when the war breaks. It is justifiable anyone would do that, even me myself would sell my Bitcoin higher than what Iranians btc holders did. It just makes sense, they can't use the money if their country will be destroyed and that is why they are making an alternative get out vehicle and used Bitcoin, fast and secure.
This war would not actually destroy the country for sure. The worst case which can happen would be their economical condition might drastically drop and it might bring financial crisis among most of the higher associations or National Government Organisations(NGO's) and it would not even make the country stand on their own feet financially. They would need neighboring country supports to start settling their financial situations by performing some international trades with countries who are willing to support them. In this case, peoples might surely convert their money into bitcoins if they do not want their financial situation to be ruined only because their country is expecting so.
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