Hello every one , today bitcoin price is already @ 14724$. Where should it go from here? where i will go , it goes down or up?
If it will go up, how high it will go? and if it will go deep how low it is?
Can any one tell me where the support and resistance level?
In the case of bitcoins it's hard to predict which way the price will go. Large changes in the daily value make determining the direction difficult. Depends on the mood of investors, news etc. Some rumor can change the price significantly. |
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I was thinking of selling my bitcoins for cash. Is it perfectly legal to do so ? Amount is close to 3-4K.
Thanks for reading.
This is probably legal in most countries. But it seems to me that you have to pay capital gains tax if you have made some money on the transaction. But I'm not 100% sure which countries are. |
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Coupled with the rate at which the price of bitcoin has been increasing lately. I'd like to know how long it would take bitcoin to reach $25k since it took it just a year to rise from $1k to $10k(which was pretty cool and fast) but I doubt if it can rise as fast as that again
It seems that now the price is growing much slower than last year. Maybe it will reach 25k $ in a year. Although maybe earlier. |
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Some countries don't support Bitcoin because a decentralized network prevents government control. Lack of tax regulations and lobbying of banks also make it difficult to support cryptocurrencies.
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I don't think that it would be possible to eliminate the banks completely. They are still and will be needed even if the digital currency is popularized. Governments will still need banks to control the money. |
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As indicated by predictions bitcoin should have achieved 15k$ by end of 2017 and fall in first week of jan 2018
In any case, shockingly its effectively reached 17k$ in 2017.
Should I purchase or hold my btc?I don't plan to sell at any point in the near future.
Investing in currency involves risks. The price varies considerably even during the day. Therefore, it is difficult to predict what will happen in the long term. You can invest in other cryptocurrencies that also make a profit. |
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I think that given that he has already started to go up a little and think that by the end of January his price will be about 20,000, at least I'm counting on it
Better to let them grow slowly but steadily. As the price will grow too fast to 20k $ it can again be a big correction like in December. |
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If a country requires payment from bitcoin profits, then there is no way out. You have to pay tax or it will end badly.
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It will surely happened in thw future. With it putting tax in it, bitcoin will be legalize and be accepted by Government.
It will happen in the future. Governments will put a tax on bitcoin transactions. I think people get used to it and will not have big consequences. |
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For me the most impressive is the price of bitcoin. It really is a phenomenon as it grows. In addition, blockchain technology itself is fascinating.
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For some people, for sure, a stable price would be good. However, a lot of people invest because of high profits, although the exchange rate is very strong.
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Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.
European Union, even if you don't hear about it, certainly works on the regulation of cryptocurrencies. It's becoming a large market and the EU likes to control everything. In addition, crypto hits the banking and tax system. |
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We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
Everything related to money and property can be corrupted, but the way is different. Each system has a gap. Yes, right. Where there is money, interests and human greed there is the possibility of corruption. That's why bitcoin can be used for corrupting. |
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Community growth is inevitable. Fascination of cryptocurrencies and the possibility of high profit makes more and more people invest not only in btc but also in altcoins.
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Social media certainly affect the growth of Bitcoin. Information appears much faster than in other media and has a very wide range, which affects investment strategies.
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Hey guys do you think that Bitcoin price will continue decreasing ?  For now, the price has stabilized around 13-14k $. The nearest days will probably show the direction and mood of investors. |
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Hi,
Bitcoin domination is under 40% and Ripple is exploding.
Do you think we are witnesses of the End of Bitcoin Domination Era? Is this a sign of bitcoin going down the drain?
I don't think bitcoin domination is over. It's still the most popular cryptocurrency. Maybe someday it will happen, but you have for a long time to wait. Bitcoin was at 66% market domination in Mid-December 2017. This basically shows that people are moving to other altcoins with more speed, and less transaction fee, such as Ripple, Bitcoin Cash, or Dash. Bitcoin still has the most confidence among new investors. Even with the growing altcoins position, perhaps the btc will still dominate. |
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It all depends on the adopted investment strategy. For the short term it is more risky, with larger price fluctuations, but you can earn more. It is safer for the long term but it is waiting for profits longer.
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This is a big uncertainty about bitcoin.
We don't know when this will gonna happen.
The value is now at $13097.
Now the market is interesting. It's not very clear in which direction the price will go. It can be a big increase as well as a big drop. The price may drop below 10k $. Below 8k $ I don't think so. |
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It depends on you. You know the price for which you bought bitcoin, for how long you have invested. Generally it's best to sell when the price is the highest.
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