The price corrections are happening, I would say it was expected only that no one couldn't determine the exact time when it will happen. Probably many users started to cash out their Bitcoins at some point and that disturbed the market but I don't think this will last for long or go very deep and the price will recover soon.
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Ok everyone, sheet has been turned into Baryom. Rates will be changing from here on out. Bitsler will be offering 125$ a week to Hero 150$ a week to legendary members. Post counts are still same. I will discuss with Baryom at what time he will use the bitstamp rate to convert usd in to btc rate.
Ok, thank you for the info. When can we expect the payment for this week?
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I don't think it will achieve that price. Now everything seems possible because the price is going up like crazy and I can't say the word impossibe when it comes to Bitcoin but even from current perspective 70000$ looks exaggerated. It's hard to predict the rate of further growth, the volatility is too high but probaby the price might touch 30000$ in the next year.
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With such high price more and more people are interested in Bitcoin each day. This fact are also aware governments and central national banks so they probably have the attitude that Bitcoin should be regulated as soon possible. And regulation doesn't necessary mean pure centralization and control, this can also bring some benefits to Bitcoin. Somehow I think that Bitcoin system isn't ready for mass adoption yet and something should be done soon. If regulations can help with that I'm not sure either but community should make some moves soon.
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It's not the best time to buy Bitcoins unless you have a lot of funds you don't actualy need. But having in mind long term predictions and that the price will go far beyond 20000$ I would say go for it. But some corrections are happening all the time so you should keep your eye on the market and use the periods of corrections for buying if you can afford that.
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I have heard some informations (or rumors) that some central/national banks, like the one in Netherlands is buying Bitcoins and testing the usage and the processes. I think this is true. No matter the fact that banks are usualy against the Bitcoin in public but do you realy think they are stupid and don't see the advantages of Bitcoin and blockchain technology. I beleive they are all making some kind of Bitcoin experiments.
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This has nothing to do with Bitcoin and it’s not Bitcoins’ fault. Because of the crazy price growth many users wanted to cash out their coins and the exchangers platforms couldn’t stand so much pressure in so short period of time. Thea are not prepared. Here we come to the question if the infrastructure that supports Bitcoin usage is ready and can take Bitcoin mass adoption. If this wouldn’t be solved we might experience such situations more and more often.
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This is hard to predict. Last time today I checked the price it was around 14600$ and now is over 15500$, in just couple of hours. This will not last forever that is for sure and the price will drop down but the question is for how much and in what moment. I think this could happen at the very end of this year or begininig of another but I don't dare to say how much. Never before we have experienced such fast price growth and I think things are happening beyond all predictions.
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I used to use localbitcoins where I had trader from my own country and I cashed out Bitcoin on my bank account. But ever since I've started to use Bitcoin debit card when I need cash I usualy withdraw it on ATM and I'm avoiding exchanges to my bank account. For me it's easier and more convenient that way if it comes to the situation that I need cash. But this is not very often, I prefere to pay directly with Bitcoin and not to exchange it to fiat.
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Nobody has the exact explanations, could be just guessing but in this case the high price causes high demand and vice versa. Recently Bitcoin has increased the popularity significantly and more and more users are coming into Bitcoin system. We can also see that more or less all altcoins are getting down which might be the sing that many users are switching majority of funds to Bitcoin.
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You can get predictions everywhere you want, here on forum, on specialized cryptocurrencies sites, blogs, social networs, Bitcoin services and exchangers newsletters etc. Today is everyone making cryptocurrencies predictions. The question is how realy accurate they are and how much is realy wise to relay on such predictions. According to my experiences not much. So I read those more out of curiosity and to get some overall picture but I rarely make decisions based on them.
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Don't look into past but into future. The reasons why crash happened back in 2013 were totaly different and there is no need to make comparisons. We all know that correction will come, that is for sure, but this doesn't have to be crash and doesn't need to happen now. I agree that this huge price rise frightens us all a bit but I don't want to feel the possibility of price drop like a burden. Just have your strategy and some back up plan, just in case.
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The price is on speed and I don't think that many people expected to see that price by the end of this year. Although is possible that it will go up even more don't forget that corrections are also possible and with such high price this might be couple of thousands of dollars. Still that will not change the fact that this is the best period for Bitcoin price ever and great opportunity to make fantastic profit. To see 15000$ by the end of this month wouldn't surprise me either.
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Real estates could be tricky investment. Depends on the country you are buying and many factors that are changing all the time. But if you still decide to go for that kind of investment get it real. It's the best thing to avoid different online offers and projects with suspicious promises, the best option is to go directly to your local dealer or agency and ask for some recommendations.
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I would say that trading as a game is the only correct way, unless this is your full time job and your only income. On that way you will be more relaxed without necessary pressure and therefore you will be able to make decisions with cooler head. Too much pressure and to take it too much seriously can ruin your trading because you will put too much efforts and too much money you can't afford.
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Everything is always possible with Bitcoin but I don't think this will happen now. Don't see any factors that could influence Bitcoin price in such negative way at this moment. Correction will happen eventualy and it's not excluded that it might happen by the end of the year but I don't expect to be in such extent and 50% would almost represent crash not just correction. But after every correction Bitcoin price recovers soon and on long term I'm not worried about the price.
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Another fork, Super Bitcoin? Tell me this isn't true. I realy don't see any sense in so much useless forks, this can't bring any good and on long term it can only harm Bitcoin. Community will have to decide one day what is the final goal and which way we want to go otherwise this might bring Bitcoin to an end. No banks, no governments, Bitcoin community will ruin itself. Or anyone realy thinks that all these Bitcoin altcoins can replace original Bitcoin and bring more profit? People, get serious.
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I see that some users here are not happy with Xapo but I have to say the opposite. The other day I had some issues with debit card, first in two years of using, and they support responded very quickly and helpful. I think Xapo is still one of the best and most professional Bitcoin debit card providers that are doing their business on legitimate manner.
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Having in mind educational system in my country, I don't think so. Not now, not in the near future. Although it wouldn't be so hard to implement lectures about all cryptocurrencies, not just Bitcoin, and blockchain technology into some subject about finances. But professors should be educated about that in first place and at the moment there is situation that children have more information than their teachers.
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It's natural that high popularity of Bitcoin also increases the demand. And popularity is determined by price, that is why we see so increased interest in Bitcoin lately. But what I ask is if the high demand also means the best for Bitcoin, is this a progress or it can bring some problems along? Is Bitcoin technology ready for such sudden increase of users and could the issues that emerge because of that be overcome?
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