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I also asked about bitcoin with some of my friends. And I also get the answer as you. But we do not blame them. Because they lack knowledge, they never research about bitcoin. and many have taken advantage of the bitcoin reputation to create scam projects that scare them away when they hear about bitcoin.
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As I see many people around me, they have not really figured out what bitcoin is. They just think bitcoin is a virtual thing and has no real value. They are afraid of being scam into paying for a bitcoin, something that can not be held or held in their hands.
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Please hold your bitcoin while the market is down. If you do not sell them, you still have your assets. The market can not be reduced forever. It will soon rise again in the future.
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The value of bitcoin depends on the demand and supply, the market price depends on the time. If the interest in the bitcoin of the world is increasing and the need to buy and possess a bitcoin of everyone increases, the value of bitcoin will also increase.
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The future of bitcoin depends on community and government. Because if the government accepts legal bitcoin circulation, then the development of bitcoin is nothing to stop. But if the government bans bitcoin. It may be difficult for the bitcoin community to grow.
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The topic FUD on the forum was created a lot and affect the newbie entered the crypto market. So we should not be silent and ignore those topics. Let's go over that, proving what they promote FUD is untrue and against the FUD topic.
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When I think about cryptocurrency, I always thought bitcoin would be the future of currencies, bitcoin would be world supporters and exist along fiat. And everyone will be using bitcoin anywhere with a cheap and fast fee.
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Panic selling only happens with newbie entering the market. They have never seen large fluctuations in the market and lack of knowledge when entering the market that they panic when the bitcoin prices continue to drop.
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Blockchain is changing the technology world. and bitcoin is becoming more widely accepted. No one knows what the future will be like. Prices will rise or fall by 2020. But I believe the distant future bitcoin will be the popular currency used and the bitcoin will be the revolution on human currency.
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Yes, I agree with you. Bitcoin can hardly become a world currency. But bitcoin will be a more popular form of payment and more convenient in life, exists in parallel with fiat and other means of payment.
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This is unlikely. only 3 months to end in 2018. The time is too short for bitcoin to grow up to $ 100. Today the market is showing signs of recovery. But we do not know exactly whether this is a long term bull or a short term bull run. By the end of 2018 bitcoin could reach $ 15k.
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It is hard to do this. It only happens when you encourage governments to accept bitcoin as legitimate. Because most people believe in government. The government agrees that everyone will accept bitcoin.
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When you invest that you don't equip the knowledge, skills for yourself. What you invest in, where all is dangerous. Not only crypto, but also securities, real estate, even small business outside. You don't have the knowledge, it is dangerous for you. That is your fault. You should not blame the crypto
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bitcoin and crypto are quite new. and price fluctuations are so big that many people suspect it is very normal. The world is slowly entering the digital era. Give them one more time. I think they will soon realize what the real value of bitcoin.
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When I first started learning about something. It will feel very difficult. But the habit and time will help us get to know everything. And the crypto is the same. Regularly reading the daily crypto news will help you understand the concepts of crypto more clearly.
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I often tell them about blockchain technology before talking about crypto. And it is clear that the opportunity to make a lot of money in crypto as well as the risk of losing you all.
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The presence of blockchain and crypto help us no longer depend on the bank anymore and if the government accepts bitcoin as legal money, the bank will no longer be meaningful. But I think the government will never let this happen. Because the bank is mostly owned by the government.
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My only concern about bitcoin and crypto is: When will the market run out of sharks and when prices will rise again. Many people abandoned the crypto because the market is constantly falling and this is a very bad thing for crypto to grow in the future.
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