Mymonero doesn't actually control anything. You are free to set up a wallet and get your coins at any time.
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I wonder if Kimdotcom actually owns any Bitcoin or if the government took them all when they seized his assets. Hopefully this Bitcache idea isn't total nonsense and brings Bitcoin to many new users. We're only one major app away from breaking into the mainstream. Things will never be the same.
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Price won't drop much lower than $800. I don't know what kind of drugs you guys are smoking, but there is no way it will drop to $200 until Bitcoin is totally dead. All this fake news out of China was just some FUD so whales could scoop up coins cheap from weak investors before the next pump.
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Anyone who has been around for more than a few months can tell this was just a temporary setback. Now that the gloom and doom is over, the price will stabilize and slowly go back up towards $1000.
Right now is probably a great time to invest in some extra coins if you can, actually. I'll be putting any extra cash I have into Bitcoin until the winter is over. Hopefully by summer I'm rewarded for the savings/ investment I do during the cold months.
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Ripple is one of the top coins as far as volume and has partnerships with major banks. I'm not super familiar with the technology, unfortunately. Does this coin have real long-term potential? I've been hoping for a price increase for a few months now. Even it it was worth ten cents, I would have a huge return on my investment. If the coin ever got to $1, I would be able to buy a house. A boy can dream, can't he?
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Zcash has no practical use right now. The current price is based on hype that is slowly dying as people realize the project is a total joke. Good job on the devs for hyping up total garbage and selling it to the uninformed, I guess. I would totally do the same as long as you put a couple million in my bank account.
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Price is stabilized and will slowly rise over the next couple months. All the FUD coming from China will result in nothing. I wouldn't be surprised if we hit the $900 to $1000 range again by the middle of the year.
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Buying now is probably fine if you plan to hold long term. Panic seems to be over, I doubt the price would drop more than another $20 or $50 unless some big news came out. We could easily go back up to the $800-$900 range over the next month or two as people realize the 'news' out of China was nothing.
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You guys are acting like they are going to start selling any shitcoin that gets copy-pasted from a Github repository. I really don't see a problem with them selling the top five or ten coins on Coinmarketcap. If you don't like it, don't use their service. Vote with your money.
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I'm surprised Monero or Ethereum or one of the other top coins hasn't gone up more, but apparently people are scared of crypto in general right now and holding their money in fiat.
There is a good chance that one of these coins has big gains in the next week or two as long as Bitcoin price doesn't totally crash. If you pick the right coin you might see 25% to 50% gains over the next few months.
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For those who are not in the Factom slack
mrfrismint [8:42 AM] @paulsnow Any short summary possible regarding the M2 rollout. What goes well, what goes less well? What is the expected timeframe for completion at this moment?
paulsnow [9:09 AM] We will be doing a public update today
Great news. I didn't expect the update to take this long, I was thinking more along the lines of a few days, but its best to make sure everything is working 100% before you go live.
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Its pretty widely known that most of the Chinese exchanges are faking volumes to make it look like they move more coins than they actually do. I guess they are trying to increase the value of their business by manipulating the books to make their profits look larger.
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Yeah it it gets in the $200 range Im pulling all my money out of the Bank to buy Bitcoin. I doubt it would go that low and if it did you could easily double your money within a year or two. This is just some panic FUD selloff going on. Buy the dip, HODL and profit.
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Sub $800 here we come... Someone is dumping a ton of coins. People are getting scared and its causing a panic selloff. If you've got the balls and time it right you might be able to make a huge amount of money in the next day or two.
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Yeah I wish I had some inside information on the pump groups that operate on Yobit. New coins regularly get 300% increase, right now for example, BSTY coin is up 950%.... If you get lucky and pick the right coin and hold it you can get huge returns when it pumps. But its a gamble because many coins sit at 1 satoshi and never get any volume.
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I hate to buy into a coin that has gone up so much recently, but I'm putting a few dollars into Litecoin. All it will take is a few websites accepting LTC payments, or some app integration and the price could easily double. There have been more than a few rumors lately, and only one needs to be true to drive the price back up near the ATH.
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There was no reason for the rise to $1100 other than pure speculation, and the bubble popped. $900 is an amazing price to be stable at right now. The only people that are complaining are the ones that bought in at the absolute top, and even that won't be a terrible investment if you HODL for a few more years. We will definitely see $1000+ at some point.
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Im actually surprised RingCT hasn't had any effect on price, but I'm in for long-term investment anyways. I could definitely see a price of $50 to $100 in a few years from now which would be a great return on your investment, even if you bought today. If Bitcoin can hit $1000 I don't see any reason that coins like Monero and Ethereum couldn't hit that price point.
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For small amounts of money its fine but you still need to convert fiat to buy the Bitcoins at some point. Most services require some form of identification or bank account verification to do large transfers, and these companies are starting to get attention from government tax and stock regulators. Coinbase recently had its records looked at my the IRS. (US tax collection agency)
I'm sure there is someone who has some sort of fake Bitcoin business set up to launder money, but there are definitely options that are just as good, or better, to do the same thing.
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