I won't believe this entirely and neither should you and what we should understand is nothing on the internet specially news regarding bitcoin and cryptocurrencies should believe at once because governments, Media, Other central organizations and Individuals who are among us spread nonsense regarding bitcoin and crypto without any solid proof so at the end many loose there money and time due taking wrong decisions in a hurry by panicking
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Opening Bitcoin ATM's worldwide is a great concept to make Bitcoin more closer to people and to make Bitcoin more usable to anyone in the world easily. and in the future we would see many like in Las Vegas including developing and non developed countries spread in every city in most countries and hope this is just the start and keep increasing around the world
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No matter how far other countries are developed when it comes to financial stability specially in banking sector it is hard to beat Switzerland and it is because there bold decisions they made during rough situations and I think current crypto friendliness is a smart step forward that they have made to develop there economy further which can benefit both crypto market and Switzerland as a country
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I think that cryptocurrencies are a good alternative to traditional fiat. But neither banks nor governments use it now. We need some time before accepting crypto. IT would be great if some companies will start accepting bitcoin as a payment. It might be a good first step.
With bitcoin acceptance in governments and other major organizations crpyotcurrencies will definitely have a chance to move forward that they are doing right now because due to lack of acceptance by majority of centralized governments or companies there progress is very slow when considering past years and that is why majority of altcoins are not yet adopted into any businesses but with the above change in the bitcoin world I think it can give a good push for cryptocurrencies to move forward with confidence
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Buying at a Dip means buying at a very cheap price when the price goes down, thus giving a greater profit opportunity when prices rise again, this is a general matter of trading in all aspects that are often done by traders when they see prices becoming cheap.
Yes buying in a cheap price can definitely increase the profit margin and not only that it can reduce the risk of the investment significantly because the investing amount will be much lower than buying when the price is higher and that is the main reason many experts are very patient when buying crypto assets because they can gain much return for there investment
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Bitcoin price will definitely increase but not soon and it might take several years until it reaches to a considerable price in value because the previous price drop was much higher than anyone expected and also due to panic sellers the result got much worse so bitcoin can reach up to $10 million someday and anyone cannot deny that with proper evidence but even an economical crisis happen for bitcoin to reach that amount of price is much difficult but possible so with time everything will be decided
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Definitely no because it can make huge problems for both parties during a transaction and low volatility and more stability is significant for a good currency and that is why major currencies like Dollar, GBP,EURO and other often used to do international transactions because there stability is well maintained by central governments and banks so the risk during payments are very minimum and negligible so bitcoin can never be a volatile too and a good payment method at the same time
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Governments are against bitcoin and that is true and there is a major reason for government to announce Bitcoin is illegal and other fault accusations and that is because it is not under any government authority or influence and it is known as an asset not under control and no legitimate statue which can be a risk for the traditional economical systems runs by governments and that is the main reason such announcements are made by governments against Bitcoin to stop expanding further locally and internationally
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If we are referring the price or demand comparison between altcoin's and bitcoin not yet there is no cryptocurrency that any developer has made to compete with Bitcoin but it can happen in the future some times because even Bitcoin as the first digital asset has some weaknesses I see such as the low speed during transactions which I don't see in recently launched crypto but they to are second to Bitcoin due to its demand and popularity but future remains uncertain
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Like always this price drop which seems like a burst of a bubble will led to a high price increase because even Bitcoin price dropped it will recover perfectly so definitely it will reach to it's correct price in the future but it might take a while to happen that and the only thing it needs is more time and with this kind of price there will be a certain level of demand increase because many new traders will attracted due to the lower price and it can also help to increase the value and recover quickly
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Of course, crypto did not become a payment instrument, but it certainly became better, I believe. Now it is still in continuous development and it has a great future. But so far it has proved to be a good investment tool.
There is no currency that doesn't disappoint these days in the digital currency world even its bitcoin or crypto markets and also when considering cryptocurrencies there are becoming a good investment option for many potential investors due to there popularity and the demand so the best thing to do is learn about potential altcoins that investing in everything because unlike trustworthiness of bitcoin there are significant amount of scams in the crypto market so it is too potential but should be done very carefully
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I think the focus for bitcoin than altcoin's comes naturally due to bitcoin's demand,popularity and high value because when the commodity becomes more and more valuable and gives a good return on investment investors naturally tends to focus on it than focusing on less beneficial once and that is a major fact why unlike altcoin investors bitcoin holders and enthusiast are very serious when discussing regarding market matters and other related news
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HODL longer and that is what I would do and what I tell anyone because game is not yet over and I think it can never be over because BTC will definitely go into mainstream as a currency because its adoption rate is remarkable when comparing with its first few years because during that time it was used only as an investing asset but now many businesses beginning to connect bitcoin with there core transactions so no matter what comes against bitcoin the game will continue forever and this current bear market will soon change
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According to my understanding buying in the dip gives low risk level than when buying when the price is higher because what goes down in the bitcoin market always goes up but I cannot say with 100% trust that this prices drop will never continue so there is a possibility that if some one buy on the dip can also face further value decreases but if btc continues to recover it can be really profitable because the amount of token that can be brought is much higher during a dip
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Still majority of cryptocurrencies are used as trading commodities which not the intention of anyone who developed them but it has become the reality and some of them are adapting into businesses in a considerable rate but the rest is adopting in a very slow rate because still digital currency concept is new to the world and it might take some time for people to fully understand and accept crypto to combine with there business functions which is possible but might take some time
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Lot's of Bitcoin ATMs keep popping in the developed countries such as US, Canada, Japan, Hong Kong etc. But I have been thinking why don't the owner's target countries without much economic stability? Like Venezuela (btw they just got their first Bitcoin ATM). That would increase the adoption. Something like backpropagation. What do you think? I agree focusing only on developed countries like USA, Canada,Japan can make a imbalance on the use of bitcoin in the world but when putting ATM machines in developing countries people should consider about there technological advancement too because even the world is very developed in technology still majority of developing country people have very low knowledge of using even basic technological facilities so ATM machines should be placed by considering essential facts for more balance to increase btc users
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Banks are keen on revolutionary blockchain technology because they know if banks adopt blockchain technology into there core processes and functions there efficiency and productivity will sky rocket because it will definitely give effective ways to allow customers to do transactions and provide more benefits that the current traditional system can never think of and that is the reason they have focus on blockchain technology even they hate blockchain based cryptocurrencies and bitcoin
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Great news and Switzerland as a country always had an open mind regarding crypto from the beginning and when we look into the overall progress of digital currencies we can definitely agree that they will definitely go mainstream as valuable currencies because there adoption rate is remarkable when comparing with there first few years because during that time they were used only as an investing assets in various exchanges but now many businesses beginning to connect crypto with there core transactions so the future ahead will be much better for crypto and Switzerland will give a great push for a solid start
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We cannot exactly predict BTC future but is definitely as new start because we have to agree that bitcoin into businesses adoption rate in today is remarkable when comparing with its first few years because during that time it was used only as an investing asset but now many businesses beginning to connect bitcoin with there core transactions so doesn't matter how far bitcoin will continue BTC has started something extraordinary
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Game is not yet over and I think it can never be over because BTC will definitely go into mainstream as a currency because its adoption rate is remarkable when comparing with its first few years because during that time it was used only as an investing asset but now many businesses beginning to connect bitcoin with there core transactions so no matter what comes against bitcoin the game will continue forever
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