Depending on your needs but I would suggest Mycelium, do far the best wallet I've tried. Easy and convenient to use, you can control the fees. Electrum is also good, many users are satisfied with it. But I would suggest to avoid web based wallets like blockchain. At first seemed to be good but actualy it has a lot of issues.
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Many users who haven't been successful in trading are disappointed and have the attitude that trading is waist of time. That is not true but everyone should have in mind that trading is not easy job. It's risky, it takes skills, knowledge and information and it's not for everyone. So if you are not willing to spend a lot of time and learn a lot and if you are not prepared for loss, better don't go into it.
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It's too long period of time to predict something because the situation is changing very fast. Still I think that Bitcoin is making progress all the time and that in5 years from now we can only see bigger acceptance both by citizens and business and further price growth because of increased demand. But we shouldn't bother ourselves now what is going to be in that period we have to focus on what is happening now.
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I say yes, sell the Litecoin and get Bitcoins. But maybe not just all of them because sometimes it's good to diversify the investments and Litecoin isn't bad coin although doesn't have such potential as Bitcoin. You might also include ETH in your portfolio but still keep the majority of funds in Bitcoin, that is still the most profitable.
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As far as I know Bitcoin credit cards don't exist, only Bitcoin debit cards and that is the big diference. With debit card you easier spend the coins you have in your wallet and they are converted to fiat currency you choose so you don't have to worry if merchants accepts Bitcoins or not. For Bitcoin credit cards there should be some financing behind who would credit you with Bitcoins you don't have.
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November is very close and Bitcoin price at this moment seems to be stuck somwhere around 4000$ or a bit above. This can change very soon of course but I think we will have to wait the begininig of the next year to get to the 5000$ again. But after we cross that price the path for further growth is wide open.
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Maybe just a few of them, probably younger ones. I think todays' billioners are not kind of people who would recognize the Bitcoin potential. They probably find it too risky, unstable and speculative. Many of them have financial advisors who probably don't suggest to them to invest in Bitcoin because majority of them are tied to traditional financial industry.
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I'm not so sure that Bitcoin price will reach 5000$ by the end of the year. At the current situation i think that price could remain between 4000$ - 4500$ for a while. But in general 2017 was excellent year for Bitcoin and with the begininig of the next year I expected further growth of the price and we might reach 6000$.
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If you have Bitcoin debit card then it's possible because it's accepted everywhere but otherwise I'm not so sure. I live in a country where more and more tourists are coming each year but there are just few merchants that accept Bitcoin. Younger tourists often ask about Bitcoin ATMs but there are only few of them also so.I don't think we are cryptocurrency tourist friendly yet.
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I think Bitcoin regulation is win-win situation for both. Governments would make "order" on that way on Bitcoin market and have some control over it, but not full and centralized of course, and for Bitcoin that would mean more adoption especialy for businesses. Bitcoin users don't have to be afraid from regulation.
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Bitcoin is for sure not a gambling. It's risky investment, that is true but gambling is based on pure luck, has no connection at all with economy, investment or some knowledge, it's just the game you can win or lose. Bitcoin is serious cryptocurrency that has established place in crypto finances so I don't like at all those comparisons with gambling.
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China is big country but it's not the only player on the Bitcoin market. The influence of recent issues with exchangers is exaggerated and it wasn't that important as it looked but it caused panic selling. The price has recovered now and in the future the things will also settle in the China.
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It takes time, like in everything. I think that only users who are in Bitcoin for many years and have learned and experienced a lot can call themselves experts. And there are not many of them. Bitcoin is not that easy like it seems on first glance if you want enter into deep. So don't think there is some magic receipe.
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I think every Bitcoin user has something about Bitcoin that he/she regrets. I really wish I haven't sold my 7 Bitcoins when they were worth about 250$ each. But back then I couldn't know the price will be that high as now and I needed money. Because threre is no use od regret the only thing I could do is to try to earn as much Bitcoin as I can and hope the price will be even higher.
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It's not easy to tell. In todays' world when everything is moving and changing so fast five months could be eternity and five years is distant future. Nevertheless I expect for Bitcoin to grow further and to be more accepted and part of finances everywhere in the world like fiat currencies are. I also think that price will be much higher than it's now.
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Corruption is something that is in human nature and exists from the begining of the world and can't be terminated. And it's not only govornemnt that supports it. Even Bitcoin can't help with that because it also can be subject of corruption and corrupted people can use it.
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The fact that Bitcoin is unstable is just one of the reasons but also the number of Bitcoins is limitted, it's virtual and it's not centralized. These are the reasons that Bitcoin will not replace regular fiat currencies but I think Bitcoin wasn't even created with that purpose but to be the alternative to fiat currencies what already has become.
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Arbitrage trading could be very profitable but also very risky and I mean that these days atbitrage trading is much harder to performe than before because diffrences in price on exchanger are not that big and you have to put a lot of time and effort but the result might not be that good as you expect.
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Just remember that China is not the only one and no one will be dead without it. Afterall all this happenings in China were exaggareted and the influence overestimated. I believe even in China everything regarding Bitcoin will come back to normal, exchangers will regulated and adjust the business and Bitcoin will go on.
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Time is one of the key issues on trading. We all know that trading takes a lot of time spent on the market but the question is how to spend it efficient and without waisting, especialy if you have regular job and you don't have much spare time but you want to achieve results. I think is the question of practice and experience, it's the skill that could be trained.
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