Unlikely, our country did the support and never heard about banning but they are giving us the word to warns people when it comes to investing Bitcoin as the spread of scamming activities holding the name of Bitcoin is getting worse. Although we have that freedom to use and accumulate Bitcoin but the problem is that only a few establishments accepting Bitcoin that it slows down the adoption.
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But there is no certain reasons for Bitcoin to crash now as you are saying,maybe we can see the dump proportionally or less but its not going to crash hard since we already witnessed the fastest recovery of crypto market when the whole economy of the world crashed during pandemic.
It's all been unpredictable and we are not yet sure but seeing on the current market flows, definitely, crashes isn't a thing to look by. Perhaps, many speculations seem right that after breaking the $12k resistance dumps will follow next and that is what we have today. But I can't think that it will more down hard below $9k, the support level still strong and it is pretty sure we can make some recoveries for awhile.
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When an asset matures it moves from speculative volatile form to more stable investment, attracting people looking for a store of value with some profit on top. Bitcoin is old enough to become a real store of value after 10 years of constant presence on the market. I believe that this poll, although small, might be pointing out to a real situation on the market.
10 years of existence is long enough that people will still be in doubt about Bitcoin. But I was not only convinced that these breed of investors are mostly can even hold their hand not to sell their Bitcoins once the market is in the struggle because I was then falling into that scenario, I'd sell it with no regrets.
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Someone knows if with ETH 2.0 this fee problem will be solved?
When the network traffic slows down but nobody knows exactly when. But the good thing is that, gas fees back to normal again and you can set it to the minimum gas fee. But of course, there is no instant confirmation to happen the same thing as of before, only a thing that small fees could still be confirmed not quite long compared in the past days. You can check it https://etherscan.io/gasTracker
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This is very helpful when it comes to trading. Most traders use this especially during the bear season and to keep safe of our trade and prevent unwanted losses. I see no risk with this strategy but sees a huge risk when we're not. And if you don't have enough time to go trading, monitor your trades, this actually gives a huge help. I believe most traders are using this even before until now.
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litecoin team have may not heard of that or they heard of that but they dont take that seriously so litecoin is still not censored but bitcoin ? the coin was known for that use . why they dont make bitcoin transactions censored ?
I don't think that exchanges would like to know where this Bitcoins coming from, and this is not important. Everything that made a transfer will not be filtered anymore just to know the origin for this unless it was questionable or suspicious transactions. But since it doesn't look like that, exchangers will allow it until it confirmed by the miners. Litecoin didn't make this thing to happen, Bitcoin transaction is traceable and that could be enough, ain't that we need to clarify and must know where it comes.
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It is the blockchain technology that will have to teach in school, not Bitcoin. Because this could be useful in the other areas and understanding Bitcoin isn't really hard AFAIK.
This has been discussed already and upon reading on previous replies, it finds not necessary. But anyway, it is our choice to teach Bitcoin in the community, in a certain number of people that would like to listen to you. Because not all have giving interest in this and so it was useful if we only teach those people who are willing and those open-minded individuals.
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Things can be changed somehow, from time to time crypto market changing its image and some valuable features. Besides, the growing number of centralized exchanges had shown that people now started to like on it than keeping on the decentralized exchanges. But in the case with the Binance chain, I don't see any problem here but it was the conflict of interest that bought this tweet to happen, and I don't think that people will buy this issue.
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This incredible crypto ATM's growth means a lot and the massive adoption might have come sooner or later. This continuous development emphasizes that people are making way to adopt crypto and leave fiat. But I know that this will not surprise us as we are expecting this to happen in the future, and this actually what we wanted to see.
And also, I want to see these machines spreading worldwide, not only in the developing countries.
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I'm still waiting to get concrete information on them, I don't think that project has an iota of truth. I was participating on there Bounty campaign, I noticed some things on their social channels. - The Admin don't respond on the Telegram group.
- Refused to update their Facebook, Twitter and LinkedIn for months and wanted Bounty/marketing to be effective
- ICO without update
- They decided to launch KYC at the end of Bounty
They are somewhat making a way that every bounty participant will hate him. The bounty manager can't be solely to blame because he/they are just the manager but they should also have to take care of their participants. Though things like this aren't new to us but it was of desperation to see that many we've still become a victim to this kind scheme. What they are doing now, is literally showing that they can't be trusted..
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New traders often commit mistakes but that is the real talk in trading. We can't fully understand crypto trading if we never experience failure and success. We don't need to become an expert in here, good strategies and have self-control will eventually work great. But of course, if we keep thinking what OP and experts say, it is surely fine.
It takes it all, appreciates, and hope new traders will take this seriously and apply this.
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In the first place, why I should take the risk of not knowing exactly the thing I have to start? I know that not all had come into trading never knows everything about trading, yes they might have some basic knowledge about this but basically, this is not enough to survive. But giving the tip that more experience gains more knowledge and that even they never know more about trading they still risk their money and life into there.
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This means that they think about a possible huge adoption in the coming years, they'll probably see it. Not in a way that they are accumulating Bitcoin now as for a safe asset but they are doing this because they were able to think that Bitcoin will be the only currency to used (IMO). And that's they prepared while the price is still low because once it fully accepted globally, it is no doubt that the price may increase., doubled, tripled, or even more.
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If we take a look into this article https://cointelegraph.com/news/don-t-just-blame-defi-for-paying-high-eth-gas-fees, almost everything had put blame into DeFi platforms. Creating these multisig smart contracts to secure exchange clients’ funds involves gas fees, which cost millions of dollars. But it’s not just people’s wallets that have been suffering. Because fees are denominated in Ether (ETH), a more congested network may lead to slower development of Ethereum-based projects.
The huge market demand for these DeFi projects triggers a sudden change on gas fees and isn't really favourable seeing it keeping high. Of course, fees really matters and that what we care this time. Because of this will continue to increase I'm afraid that investors and traders will no longer use ETH but rather to choose other platform or they might turn back to Bitcoin.
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today ethereum is down more than 15%. I wonder why this happened. is it possible because of the high cost of GAS? or for some other reason. I didn't find any news that caused the situation to turn out badly like this. this happened suddenly, is it safe, Will ethereum go back to $400?
Possibly there is another factor that brought that declining scenario aside from huge GAS fees. The delays of transaction confirmation are really disappointing and users would like to escape from the line rerouting it and use other cryptos that might respond (almost) instant confirmation. ETH demand started to slow down but it doesn't mean that they're turning to dump hard, no it keeps the momentum rise again if there is a change to heavy network traffic and also GAS fee adjustments.
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What were you trying to say in this quote? But now Bitcoin has gone a long way in enhancing; they came up with an idea and developed an application which some people(not everyone) engaged their self in; but this didn't favour most of them (the people that joined the app) Why? This is because in that application you have a 50 percent chance of winning and also a 50 percent chance of loosing every thing you put in the business (application).
What specific "app" are you referring to? Also, no offense, but your article seems to be really rushed and just written in like 5 minutes. And aside from that, I don't think people will buy for this knowing that their chances to win are just 50/50. Not a thing that gives them interest instead fo ignoring it. I've found no good thing, feature with this UNKNOWN app. People will always think about winning and that seems impossible to work with this app.
OP, might better to clarify everything and so every reader will never think negative ( but obviously it happens already).
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India is no different from China. I don't understand why these countries are strictly against Bitcoin. They will probably give a reason like Bitcoin is decentralized so its control will not be on them. But still they should know that Bitcoin is a very good alternative for fiat money.
No, they are not strict to Bitcoin but they are just kinda nothing to do with their life. Ban now and lifted it by the following days, it never makes sense anymore (not surprising, really), their people will keep their Bitcoin as they know that soon it was lifted back again. The issue isn't a way to make people become worried nor being hopeless about Bitcoin because their leaders will realize what they are wrong, absolutely wrong.
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Only the P2P options could save you. KYC is makes everyone safe but I don't no why we should have to keep ourselves anonymous always coz anytime soon, we all need to pass KYC. We're not making this a big deal to hide if we know that we are using legit exchanges, in fact, we get benefits from it personally. A matter of fact that known exchanges are already practicing that to keep all their client in safe which is very important, not of being anonymous.
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You have a choice and it's up to you if you still use their services or not. In fact, there are a lot of exchanges offering low fees. But somehow at this time, fees are increasing due to the market demand and heavy network traffic pushing us to set into higher fees in order to get the high spot for fast confirmation. But of course, it's up to us again and we can't also expect that it arrives at its destination in a few minutes but mostly it takes an hour or more.
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