![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgflip.com%2F4l9js5.jpg&t=663&c=IgI9tFkXC6CIEA) I am long term for Bitcoin, there is no need to sell mine for this kind of reason. It may affect the price of Bitcoin, but we can't say it is totally 100% the reason. I am seeing a price correction probably, because of this run of Bitcoin on having a price increase of around $1,000 for just a day.
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Yes the person is dumb enough to click on anything, especially from good looking stranger woman who would say she love him long time.
This is one of the weaknesses of people who are not that techy. First, we can also blame the Ledger since of their downside about able to breach their system. Second, the victims should also blame themselves because maybe, some are not familiar with these kinds of things, or really 100% trusted everything. A quick tip for everyone: Install Metamask extension in your browser, it may help you to be safe in some phishing websites.
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So for those who had accumulate cheaper then this would be the best time to sell and wait for some pullback then buy again. (....)
This is good advice, taking profits is never a bad idea at all. But for me, I have no reason at all to sell my Bitcoin now or even we reach the all-time-high. I am for the long term in Bitcoin. I am also treating Bitcoin as my emergency funds also besides fiat, so if I don't really need funds at all or I still have my fiat, I will never sell my Bitcoin at all.
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(....) Bitcoin will definitely get to $20k because provided that many countries are interested to accept bitcoin as means of transactions and payment, I strongly believe that demands of bitcoin is so high or needful across the countries, early these year many predictors has been emphasising on rise of btc definitely it will approach to $20k before these year will run down.
I don't think so about the reason for "means of transactions and payment" will be fit right this time of price of Bitcoin and the reason why it will reach the new all-time-high price of Bitcoin. For me, it's all MONEY, a lot of people will be Fear Of Missing Out (FOMO), and that FOMO will lead to the all-time-high of Bitcoin this time. But I don't want to happen it, I want a healthy run for Bitcoin.
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I don't think the transaction fee can be one of the bases we can use to identify how cryptocurrency good is. If we also base on the return since all-time-high. Bitcoin cash is still -93.5%, while Ethereum is -72.3%. I'll go with Ethereum especially the Ethereum Eth2 deposit contract already started, even before I'm with Ethereum compare with Bitcoin cash.
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We lose because, in the end, sports betting is gambling. (....)
If there are losers, there will be also winners for sports betting for me, this is not like a casino which some people always said: "The house is always the winner". I believe that sports betting or gambling is a really difficult way to earn money, but what I see in sports betting, it really needs your time, efforts to analyze or having good risk management also even though it is gambling. I don't agree with "most of us" are losing money in sports betting, because if you lose, there is someone who won.
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There are a lot of greedy people out there, especially those people who are buying Bitcoins because they know it will help them to get rich without knowing what really Bitcoin is. They want to earn a huge return in just a short period of time, that's why they are ended getting rekt. When entering on trading, we should really learn and very careful because we all know trading is really risky!
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I agree with the OP about the fee problem. We got every problem with Bitcoin base on what we encountered. For me about these kinds of problems. There will be a problem always, it's like "with great power, comes with great responsibility". It's like, you are good at this X, but you have Y weakness because you are good at that X. For me, altcoins will help Bitcoin about the fee, or the lightning network that runs on top of Bitcoin.
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Wow, another great source of learning about Bitcoin. I find the website pretty newbie-friendly, especially it is full of resources about Bitcoin. But just a piece of advice for everyone especially those beginners who may try to use this kind of website, always do multiple research or confirm it with different sources, everything now on the internet may be fake news or not legit. Btw, thanks yazher for sharing this.
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Yea I was just looking at this and was going to post similarly, I put down a graph for monthly closing after the peak of summer 2019 just to gain a different perspective. Normally I far prefer candlesticks because it's giving more data but a conclusion might come more easily from purely the most important price which is the close. (....) This year Bitcoin price action at $10,000 for me is more healthy compare to 2017 - 2018. A lot of wicks in 2017 -2018 bull market, that's why I am not using candlesticks wicks on analyzing chart on Bitcoin these days, the closing price is extremely significant, I can agree with you. I compare the RSI of this run compared to 2017 - 2018, in which in December 2017 Bitcoin touched $14,000, we already in the oversold area, but this time, we just entered and more room to go compare the last time.
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FMQszULl.png&t=663&c=yydLohoxIU3BCg) For me now, Bitcoin already dominated altcoins, altcoins will be on the hand of Bitcoin, for now, look how the Bitcoin dominance pumped too hard these past days. If we base on the last bull run around 2017 - 2018, we clearly saw a massive run on altcoins after Bitcoin reach the all-time-high around $19,000. So I am expecting this again. Bitcoin will make some action first, that's why I really confused these past few weeks, altcoins especially those top altcoins are not that following the Bitcoin.
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In short, margin trading is more profitable but on the other hand the more risk too. Additional tip especially for newbies out there that may start to trade cryptocurrencies, I really suggest they will first start to trade in spot trading, which is more newbie-friendly, and learn first there before jumping in margin trading.
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As Bitcoin Dominance continues to pump, yes you may right that altcoins may be hammered. But speaking of trading, there are some altcoins that have futures market, where you can short them or selling high, then buying low, which you may get profits by that kind of trading, it is a short position.
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FjaRNwk7.png&t=663&c=K6D7ceyVkbEDpA) Here's the image progress of the Eth2 of Ethereum. Eth2 deposit contract already launches, which that is the etherscan link OP shared. For me, this will take ages to finally done, especially the deposit contract launch. As you can see here: https://launchpad.ethereum.org/524,288 ETH and 16,384 validators to launch the mainnet. We are still far from here, but it's ok. This kind of feature of Ethereum really takes time, I understand how complex and complicated Ethereum 2.0 is, we are still a lot of time to fill our bags, lol.
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Using bank transfers may also differ from which country you belong, especially here in our country, I can say it is really easy to buy Bitcoin using bank transfers, especially when you are doing some P2P exchanges, but remember this is risky too, but you can guarantee the price is fair, the transaction fee is extremely low. Or if not using P2P, bank transfers to exchange are also possible in just a short period of time in our country, but as I heard in some country it is kinda difficult.
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That's nice to hear that he/she bought Bitcoin using the bank account in his/her country. I hope some people will also try this one, we all know a lot of people are afraid to use BItcoin, especially in this case, transferring money from another country which in some cases especially different countries, it is really difficult and transaction fees may too much.
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I am surprised at that gambler, yesterday upon checking some odds on U.S. Elections, it is really clear, odds are favoring Joe Biden. This gambler got a perfect time to place his/her bet on Donald Trump since if you check the odds now, it's already flipped. All I can say is WTF, I really can't believe it. Election still not done, I am looking forward to this bet!
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If you are afraid to for buying Bitcoin, then you can use some stable coin pairs, like USDT pairs just for trading if you don't want to get affected by the price of Bitcoin. I also experienced this before when I am using Bitmex since Bitmex only allowed Bitcoin to trade and I only have fiat or money on my bank account. But the purpose of it, is for trading it Bitmex so I didn't think about the price of Bitcoin if I want to convert my fiat to Bitcoin and use it for trade, I think and focus on trading, how will I gain more Bitcoin.
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Aside from Coinomi, you can use Bread Wallet. This wallet for me is really newbie-friendly, their mobile application is really nice, the user interface, and also it is an open-sourced cryptocurrency wallet. A quick tip: always have your seeds backed up, especially offline backup.
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Assuming that they can receive and send their money quickly and conveniently with ecash, I speculate that they will never care about the difference between centralized and decentralized.
Would this not hurt bitcoin as a currency? Would this not only encourage bitcoin to be used as a speculative investment? How about mainstream adoption?
Most people in my country that I know don't care about the difference between centralized and decentralized as long as their payment mode is quick and reliable. (...) For me, Bitcoin will stay. I also wonder why people only care for profits is also because they are thinking or treating Bitcoin as a store of value just like gold or silver, which it is really profitable (as long as they bought on low and sell at high). I can consider these centralized currencies or cryptocurrency are just altcoins, alternatives of Bitcoin.
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