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Once the limit of 21 million Bitcoins has been reached, price will continue to increase since there will theoretically be less Bitcoin exchanged on the blockchain. More people will own Bitcoin and forget their private key which means that Bitcoin will now be inaccessible. Therefore, there will be less Bitcoin in the system as time goes on, driving up demand, driving up prices.
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Their population is so low only a hand full of them would need to be mining big time to achieve that
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More experienced traders will be able to get around this issue. Perhaps the newbies in this field will have some troubles but this doesn't matter since the experienced traders most likely hold a larger sum of all their cryptocurrency trading.
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Agree with the other Poster. Reddit is great since people post information that they believe is important. News that is not important is immediately down voted so as to ensure the quality of postings. You can also find specific news on subreddits such as r/litecoin, r/ethereum, r/bitcoin or you can look at a more general subreddit such as r/cryptocurrency.
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I don't think a few million dollars would even shift the price by a little when the daily trading volume is in the Billions.
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Quite impossible for this to become a universal income. There would have to be enough demand for Bitcoin in order for the price to increase in value to the point where even small holders would earn decent money. It is however, entirely possible for many people to have an income completely based on Bitcoin but this will never be true for the whole population.
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Well, you need to give us a period of time that it will take for it to crash to zero. But yes, most coins will EVENTUALLY crash to zero when they are perceived to have no value. However, a few coins will succeed and remain top-tier for many years, if not, decades.
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No crypto currency is completely safe. There is always a risk. However, a pretty solid choice would be Bitcoin since it pretty much determines the entire market. If Bitcoin goes up, all the alt coins will follow and the same vise versa.
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Bitcoin is a minute consumer of energy in comparison to things such as cars, factories, etc. I don't think that is necessarily an issue that needs to be fixed.
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People are viewing it as more of an investment. It does have potential to be used as a currency but I tend to prefer Litecoin for faster and cheaper transactions. I just like to hold Bitcoin.
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Right now, it is the best time to invest in Bitcoin. People were complaining that they couldn't buy Bitcoin at $10K, but now it is much below that price. Better yet, we already know that Bitcoin can reach $20K since it already has. Just my opinion.
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Seems like they would have to go through a lot of effort to just change the market in an insignificant way. Reality is that they don't have any control over the market. At most, they could try to "Ban" cryptos which would drive the prices down temporarily due to FUD.
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Unfortunately, Bitcoin will most likely never be used as a widely used payment system. It is just too slow and expensive. This isn't something that is necessarily bad about BTC but it is one of it's weaknesses in comparison to faster and cheaper alternatives such as Litecoin.
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Yup, it gave a lot of people an opportunity to invest. Only issue is it also deterred some people from investing since they all scream it's a bubble. However, for the most part, I believe it is a good thing.
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No one can really expect how fast crypto will grow. I like to compare this to the dot-com boom.
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They were hacked because they were vulnerable and it was worth a lot to the hacker. I really know how to answer your question. Anything that has been digitalized is open to potential threats. It is just a matter of how well you can secure technology.
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Technically speaking, ETH and BTC technically correlate with each other to a great degree. If Bitcoin rises 5X, most likely, so will Ether. However, I still find that BTC has more potential so I have my bets on Bitcoin.
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Theoretically, yes. However, I don't think that this would ever be possible. I would be more concerned about whether or not crypto wallets could be hacked since this has been done before and could happen again.
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News channels need something to catch the public's attention. Unfortunately, they just manipulate information in a deceptive way causing FUD in the crypto world.
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