Crypto price has been unstable and it is really becoming much difficult to predict the price for bitcoins. I too observed a minor duml recently but it might be due to several reasons including the one you stated. This is a sharp time for bitcoins as last year this was the time when bitcoins started pumping.
Whenever bitcoins had to experience a pump, they slightly moved back and than got higher in a great speed so i just hope that it can be a starting of a major pump which bitcoins will show us soon. Bitcoins should really make a better move now as major portion of the commodity is now expecting a better price to make them all rich.
Bitcoin is also dropping each day and also it is gaining some value again so it might also be normal and bitcoins can continue the bull run. All we can do is wait and watch untill they really show us a immense growth soon. Bitcoins need major attention from several new investors and it is our duty to make them more prevalent in the market.
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Manipulation for price of bitcoin has been always there and it happens without knowing when it will happen, I am just a small player and shall reap the profits on and off to ensure maximal profits.
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Various cryptocurrency exchanges online that you can easily convert your cryptos into any of FIAT currencies. On top of that, there are couple VISA/Master cards which you can use anywhere to accept that as mode of payment. These being made widely viable will be super big news!
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From a utility standpoint, bitcoin is one of the most usable currency. It is a new form of economy linked with the modern technology and its net work systems are very strong..Bitcoin can be used as an investment tool, for the day trading,for the local and international shopping,and for utility bill payment etc...
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bitcoin is getting quite odd, signs that the price may fall deeper again before being able to recover again. This is a good time for experienced investors to buy bitcoin at a cheap price. New investors are often panic and selling bitcoin at the moment. The money is hard-earned and trade carefully.
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Very probably is because of fraud. Many residents do not even know how to use cryptocurrency. And the economy of some countries does not allow you to enter even such new ventures like crypto and ICO.
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take example - RBI or the banks only banned crypto currency, not India as a whole. I think they are taking crypto as a threat as they barely control it. Besides, they think that crypto can replace fiat currency soon but that's quite impossible.
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I think the crypto is famous due to the price increase since 2017 yesterday which makes bitcoin prices soared to the moon, which makes a lot of people want to know about bitcoin currency, and nowadays there are many people who can access the internet that makes crypto become famous very quickly.
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It's definitely positive to keep or hold it for your future buying bitcoin in a lower price. if you invest on a bank you will have a little interest in many years. If you invest in bitcoin theres a possible that your money will be triple if you hold it and you trade it. Its your choice but for me crypto is the best type of investment.
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There is no ideal time to store bitcoins. We cannot predict it unstable price because as of now bitcoin price continuously dump and ofcourse it would be better if you will invest some money when the price of bitcoin is too low for you to get huge return.
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Altcoins are also gaining momentum now, seeking to gain a foothold in the non-cash world of the future. Here are the five main competitors of bitcoin with a capitalization of more than $ 5 billion, including ETH, XPR, IOTA, DASH, LTC.
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BTC should be the one which will take dominance of the market in the future, it is really common to people rather than other alts like Ripple or Eth and other alts, and Bitcoin is really great when it comes on investing (FOR NOW) while it is still low in its price.
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As a currency, people also use bitcoin for money laundering it because bitcoin is a good strategic for money laundering. It really hard to track and if track the transaction you wont find out who is carrying out this. Thus this is good as a currency.
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Although investments value of bitcoin outweigh its status as a currency does not mean bitcoin has failed entirely in being a currency. For bitcoin to have withstood all the backlashes, especially form this year and still exist should tell you that bitcoin is just very near to being accepted as normal currency + thus its popularity for laundering.
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Investing in crypto is like gambling, this is fact and many people does go bizarre about the investments that they make in here. Many times people are too bitcoinholic, who dont even think before investing their money and later on they may see upside down situation. Later they argue about it, get stressed out and start calling the bitcoin as scam or ponzi scheme. I have read all of these over the forum only and seen how people have done stupid things about such investment.
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It's correct that bitcoin is attracting investors on a daily basis due to the recent profits, which are huge, made by many investors in the recent times. What now matters is, not going by the rumours on market progress which has no base. To avoid this we need to share important and valuable information on public channels.
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First and foremost i am afraid of the collaprse of the whole thing. There are many people talks about the Bitcoin Bubble that i have never believed, but how can i know? Maybe it is bubble? maybe it's something that will grow into something huger..?
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Bitcoin is independent and not a thread to USD, pound sterling or to any other fiat currencies all around the globe. Cryptocurrencies were not made to destroy fiat currency but this is made to complement the fiat currencies to overcome its weakness which is the monetary deflation due to economic collapse or ultra-inflation of fiat.
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