In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ?
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
Because you wanted the profit that's why you invest into bitcoin in the first place and having to lose profit along the way makes you flip out and panic sell turning your backs to bitcoin and not investing anymore. When you shouldn't have done it because it is very normal for bitcoin to have these days where there's just a massive dumping in the price and we can't control it. All we need to do is to wait and it is all gonna be worth it. |
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Hi folks share your thoughts about crypto currencies. i will really appreciate to all experts here thanks
Well cryptocurrencies are investments that gives off a really good profit and it needs time to gain its value high. I think the future for it, is that it will be stable and it will be our currency and it can be used all around the world. Bitcoin to be specific will be used as a payment. These are all just my hunch on the future to cryptocurrency because right now it is not accepted throughout the world and other countries are banning it now not knowing the benefits it will give. |
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Positive results can change negative minds.So prove them that they're wrong with their perception about bitcoin.Show them what you've got from joining crypto then later on they'll realize how important bitcoin is in changing our lives.
Bitcoin always takes time when it comes on gathering its power and value again. So yeah, since the main skill you need to get when investing into bitcoin is patience you can pretty much gain so much just by waiting and with this you can prove everyone wrong about bitcoin since the media is spreading bad news about it influencing some of the people to get their backs on cryptocurrencies. |
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The society is divided into haves and haves not, poor people are getting more poorer and rich people are getting more richer, Value of money is decreasing and inflation is increasing, Many people around the globe suffer death mostly Africa and asia because hunger and unable to fulfill basic human needs.
What actions should governments need to take and how individuals can contribute?
Jobs give the country more taxes that the country can use and also the economy is greatly affected and is boosted by this matter. Cryptocurrency can provide jobs for the unemployed since bitcoin as a job takes minimal skills for the employee once it is introduced. As far as I can see only job offerings can make a country better because a country's economy starts wih every individual inside of it so it will start to the people. |
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ALWAYS is the best time in investing to bitcoin since you will get income no matter what but it all comes down when did you buy, if you buy at a high value state of bitcoin then you will definitely wait longer but if you buy after a price drop then you will gain faster and higher profit. But it still depends on how bitcoin can cope up with the price drop after all. As of now it is fast comeback, as of one month $1k have been the increase and it is something. Maybe next month it will increase $1k. |
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I think selling property to be used as a capital or investment is wrong. because the trade can be done is not a profit because every trade has a high risk. so I did not do that. I would rather seek capital by joining a bounty campaign and I invest and trade through the results from there.
I think this will be critical for you. Selling your owned stuff like that, that you need personally is not worth it. Don't put something like bitcoin that priority. Always play safe and bitcoin alone to give you the salary is dangerous because the value might go down anytime and with this you can't guarantee an income every day or every month. Expect to get it for years and years. So settle for the safest way of gaining and profiting. |
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I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
Nothing is impossible and it is applicable to this idea. Since we are diversed by continents and countries and etc. We have our own cultures beliefs and everything including currency. Maybe in the near future governments will legalize bitcoin for the greater good of all and for the innovation to currency they will make it as a universal currency for all to use since it is known throughout the world it is possible for this to happen. |
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Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?
Sometimes hackers are just too intelligent to hack past through these cryptocurrency but I think it will just be affecting the value not your bitcoin amount will decrease. The problem is the hackers in your online wallets. They can trace and they can hack your account for the possible loss of all that you have and that of what you have gained so remember to always split those to different wallets so that you may avoid these scenarios. |
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It appears the market started recovering today from one of the worse long-lasted corrections in bitcoin history. The bitcoin now secure the 45% of the cryptocurrency market dominance. what you have to say about that?  It is very satisfying to see that your long wait is now shrinking and starting to grow to a bigger kickback. I expect that bitcoin's rate will start to rise starting now because as I can see it really is already growing bit by bit. If there's going to be a price decrease probably it's just a little decrease in value which makes no harm to everyone. So I'll wait till bitcoin's value go a five digit or even higher than it's last peak. |
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i analysed the chart of bitcoin and i focused on times when the price were dropped, I concluded that the bitcoin always save him self and back up more then ever.
Because of the current crisis for bitcoin which is not the first in its history, some people have become suspicious of the future of this crypto currency, so much so that they are saying it is useless.
I just want to remind the world that bitcoin is the first crypto currency in the history, raised in 2009 as decentralized currency in the blockchain technologie.
bitcoin has the value, because is the first.
Bitcoin should have a place in our future because right now it is playing a significant role in an individual's life who is into it. Bitcoin helped many people already that is deeply in need in financial assistance that no other can offer. Bitcoin has lessen the poverty rate and increases the capability of a society to afford and to satisfy their needs and also might save some money for the future usage of it. |
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In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
In opinion bitcoin is just an investment. Many stores and shops don't accept bitcoin as a payment because the fact that it's value is never stable and can go down to bits in any time will make it dangerous and can cause loss in economy of the shop. It is an investment for me because you get profit in a span of time which is waiting for the value to inflate and then selling it. Bitcoin will only become a currency once its value is stable and is in a steady state which makes it a currency. |
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You understand the importance of crypto currencies and their future. The way technology is evolving and the demand of speed is increasing, definitely future lies in bitcoin and altcoins. I also believe countries would be launching their own coins too.
Cryptos are bubbles in my opinion and it is not a bad thing actually it is a good thing because the fluctuation and the up rise of the value is what gives us high profit so we can have a good profit in this investment. Other investments has little rate compared to cryptocurrency which is a high rate and a fast way of gaining profit if you know when to buy. Crypto investment is definitely a long term investment because you need to wait for its value to go up and then sell it. |
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now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?
Of course there is an impact in economy in both the user and in the country. First of all in the user there will be an impact on the user's economy since bitcoin gives profit and also might be the cause of loss of the profit of the user. Having bitcoin as a job will definitely gives way of opportunities to those never really have a job which means you will gain more tax that can be used of whag the country needs and might as well boost a country's economic status throughout the world. |
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The question itself is the answer “PANIC”. Everyone knows cryptocurrency market is highly volatile and risky. And most of the people do emotional trading. They sell when it is crashing. And suffer from the loss. They panic and sell in the loss. What is the point in selling at low? One must wait for the market to turn green and bullish. The way to stop the panic is to not engage in panic-inducing activities such as day trading. It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead. The doctor says don’t put your arm overhead  If you are in need of urgent money than selling is OKAY but for profit, HODL is the best. One simple thing is hat you should stop panicking when it comes to investment. You know right from the start the value is never certain and never stable if you think that it is always a profit everyday then don't invest. Investment specially in cryptocurrency needs time and it is best to wait than to sell right away when the price is dropping or the price is going down. Just set your aim into getting profit and then sell it when it reaches that ceiling. |
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In my perspective, It is not too late to invest in Bitcoin. A very low percentage of people own Bitcoin. Take a look around you. How many people actually have Bitcoin? It’s a low percentage, perhaps around 4%. Bitcoin is only owned by less than 5 million people worldwide and still has tremendous growth potential. Everybody thought they were too late at $100, $500, $1000, $5000, and now almost $10,000. Nobody knows the answer for sure but it’s worth researching and getting into with a small amount of money that you can afford to lose. There's a saying in Crypto world. Keep calm and buy bitcoin  Bitcoin right now just got back from its dumping last last month. I think right now while there's still no big price hike, it is the best time to buy since this time and opportunity will give you a good profit and a fast profit back. I think you will gain it in a month or months long. Not bad because the rate of bitcoin is high so it means you will get higher profit as well. This will be a win win for you if you think into investing to bitcoin. |
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The stability of bitcoin is very important. Because it helps investors understand their direction. Stable bitcoin pricing will attract many participants. Bitcoin stabilization is a good sign for the acceptability of bitcoin in some countries.
The fluctuations of bitcoin is what scare the people, so that they end up not investing because they play a safe role not to lose profit. Stability of bitcoin is important because once it is stabilize it will become pretty much our currency because it is already stable with its price. But when it is stable we will lose profit and this will disable the ability of bitcoin to be a profitable investment to everybody. |
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So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
There are many benefits when you invest into bitcoin and this is to help you cope up with your financial needs and boost your net worth as an individual. The flaws though is that you cannot guarantee a win tomorrow, what I mean is that the price is never stable and you might lose profit every time. You have to be patient to bitcoin because it is the key to success, not just in bitcoin but in every investment you are a part in. |
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I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
This is not possible but right now it is hard to tell since we are diverged by our culture and by our races till humanity can't be as one we cannot see this as a possible outcome. Since we are engaging deeper into technologies these cryptocurrencies will be our future currency and I think our currency will be no other than bitcoin since it is known and the top crypto right now. But I think this is too long to happen though. |
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I think if bitcoin rose quite steadily and slowly people wouldn't look at the best cryptocurrency with an "evil eye". Going forward, do you think a slow steady rise, rather than a speedy erratic rise is good for bitcoin to get "accepted" all over the world? The sudden rise seems to scare people and governments.
That's the nature of bitcoin. We can't actually control bitcoin's rate it happens indefinitely. All we have to do is to counter act what is the behavior of bitcoin. You have to be ready for all circumstances that is going to occur like price dump and price hike. Bitcoin's rate is predictable at some point. Many investors say that later this year we will have a price hike so save your bitcoins and horde them up for a possible hike in its rate. |
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Bitcoin is the most famous and the no one crypto currency today. It hold the highest market cap in crypto industry. Also it use very advanced and secured technology, Block chain to operate. Lots of people's use bitcoin as a investment factor. This cause to maximize the capital of Bitcoin. But how long Bitcoin will survive in this industry ? Because lot's of government try to manipulate and control the crypto currency industry via introducing new regulation. As a country some one can do vast harm to bitcoin. We saw some of in past. If Bitcoin fail in this industry it will be a biggest financial crisis in this century.
No one can really say as of till when can bitcoin stay in the crypto industry. In my opinion though it will stay long enough since we are engaging our future and bitcoin for me will be the future of currency because of it's attributes to be a good currency for everyone to use. Well, except to its fluctuating value that pretty much makes it risky. With the fluctuating value it will never be currency and pretty much just an investment right now. All in all let's just be grateful because bitcoin still exist and gives us the benefits that it offers. |
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