In principle, this person is absolutely right, the fact is that with the growth of popularity, not only traders and investors earn their currency, but scammers aspire to snatch their piece of pie, in order not to fall into their trap, you only need one thing - not investing in something or anything you do not know!! 90% of crypto investors invest their money on recommendations from different channels and at the same time think that they manage their money themselves)).
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That bitcoin will recover and conquer new heights is a fact, now the main thing is not to lose time and, if possible, it is necessary to increase the amount of BTC in your portfolio. I believe that Alts should grow first because many projects are currently scheduled for updates, due to their growth and you need to earn BTC.
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In April of last year (2017) I read a lot of forecasts that the price for bitcoin by the end of 2017 will reach $ 3000- $ 5000, after it grew more than these figures, the "experts" stated that the price would reach $ 8,000-10,000, but it has reached almost $ 20,000, so I do not trust the opinions of experts who say that the BTC will grow to $ 25,000 by the end of the year, because it can grow to $ 100,000.
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in fact, you asked fairly standard questions, the answers to which are almost in every topic on the forum, in order that you would understand the current situation with the bitcoin price, I suggest that you look at the graphs that were thrown off in the next branch https://bitcointalk.org/index.php?topic=4416740.msg39353439#msg39353439All at once it will become clear.
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In principle, you can call a bubble any financial system in any country, I think the biggest bubbles are banks and the stock market, so bitcoin does not stand out against them. There is the fact that a large number of people trading or investing in BTC have earned good money, so there are a lot of people who on the contrary lost all their money on it. If you compare it with the bank it turns out that the bankers themselves receive huge interest income while a large number of people are forced to give them their last money as interest on loans, is not this a bubble ??
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Yes, I agree that there are a lot of scams around the bitcoins, the purpose of which is to take money from you in any way, that's why I personally will not invest money in any kind of projects that promise a large percentage of profits, you can earn on bitcoin only in two cases, this is a daily trade on the difference in the cost of BTC or investment for a long period of time from a year or more.
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any fiat money of this or that state is not only a means of payment, they also reflect the financial situation in the country and the amount of national money depends either on the size of the army or on the country's gold and foreign exchange reserves, issuance and movement of fiat funds controls and regulates a certain body in each country, for example, the US Federal Reserve or the central bank in the Russian Federation, and so on, the bitcoins can not be controlled, respectively, they can not replace the national currencies.
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In principle, I believe that bitcoin has already become in a certain way a digital currency, they can pay for things and services in different countries, but I do not believe that it will become an official international currency that all countries recognize, it will contradict all the principles of financial institutions.
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A question from the rhetorical category, the fact is that by the day the last bitcoin of the majority of us will be produced, the majority of us will no longer be alive, and those who will probably live by now either will not understand anything because of old age)). It is possible that by that time BTC will absorb the entire financial system, but maybe it really will become antiques.
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I want to answer your first question, the fact is that the price of BTC is highly subject to manipulation and the owners of large volumes of bitcoin can influence the price as they want, including through the media.
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In my opinion, taxi drivers are people with an outdated view of things and they are unlikely to gladly accept the BTC for payment, in most cases, for them it is a dark forest, with which they do not want to understand.
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If you look at things objectively, then it becomes obvious that Blockchain already exists regardless of the actions of the BTC, to date, BTC is an excellent tool for traders and market manipulators and nothing more.
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That's interesting, but what did you want to hear about bitcoin from the Bank? The reaction of banks to the BTC is their natural defensive reaction, if bitcoin with the same rates will increase its popularity, then in the future banks will have to tight.
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" Bitcoin is the vehicle " .It's a good example. Yes, we are running bitcoin and bitcoin should not blamed. We should blame those who use bitcoin for bad purposes. The problem is these people always exist and we cannot ignore them. Bitcoin is like a car and bitcoin users are like drivers. There are always some bad drivers. As bad drivers must be punished, bad users must be punsihed too. So regualtion is a must.
I agree with this statement, the fact is that scammers are everywhere and the BTC is no exception, and those who blame it for their own troubles simply can not figure out what to do, especially since the system itself is blockchain, unique and was created just for the decentralization of the power of money.
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If we are talking about the security of the transfers themselves, in this case it is worthwhile to talk about the safety of savings. The fact is that when you keep your money in banks, there is no certainty that your deposits will not be subject to various sanctions by the state, in the case of BTC everything is simple, and no one else but you can use your savings , It's important for me.
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I can not agree with the statement that recently the growth of alts outstrips the growth of BTC, this market is cyclical and if you look carefully, it becomes clear that bitcoin and alts have different periods of growth, but they all grow and no one breaks out in front of. At the same time, BTC retains a significant part of market capitalization.
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