I hope people will not panic if the price is down for a bit because that will be another correction this weekend.
Price correction for weekend was reverse because bitcoin went around $50k. Bitcoin is giving surprise to investors waiting for correction but that has not happened, the $48k range has been broken against the correction investors are waiting for. We just opened a new week and price has jumped above $50k, we don't know where the week is going for now as bullish candle are forming for
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If they think they can compete with bitcoin, then they are wrong.
Central bank can make a digital currency and let people adopt with it with the help of the government, however, they can't compare to bitcoin in terms of transparency as central bank from its name is "centralized", it cannot compete to a "decentralized" asset or currency which is bitcoin.
Such kind of coin will definitely be centralized and will have the same issues that centralized coins have like manipulation etc just like ripple and centralized coins. Despite that the government is going to make it mandatory for use but I'm believing the force won't stop the use of bitcoin because bitcoin is freedom and can't be manipulated.
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We should be wise and just follow those who could influence people to invest in a good coin not just for their own motive.
The challenge is that most times investors don't follow top coins because of the price. Example bnb coin that went high wasn't really that as people weren't hodling it but trading it until it went this high. Stellar too is of good value but is not being used. This is how opportunities are lost but shit coins are invested on because of cheap publicity on media especially from owners and team faking figures to attract investors.
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Bad story is it won't last too long and you will see shit altcoins fall to the hell weeks or months later.
This is always the story with huge supply coin so when I see them at the top, I understand exactly what is to happen soon. Except with few that has made their way to top 10, like bnb polkadot, some of the coins will settle back to their place.
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let's see the price of BNB will surpass the ethereum price in the future, I am very sure it can happen because the influence of BNB supply is less than ethereum so that it will make it difficult for people to get BNB, especially since the platform is currently growing very large so there is a high probability of price ethereum defeated by BNB.
If the trading volume has surpass that of etheruem, it is possible truly that the price can later jump to close to etheruem but I don't agree that it will drag etheruem price down because that isn't the way cryptocurrency works. Instead of dragging it down, bnb price can go up. The only coin that can cause that is bitcoin dropping.
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This is interesting and I hope is not speculative that is why the source is needed to confirm this. It is understanding that banking system can consume energy but the margin of difference is far higher than others.
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This is interesting and I hope is not speculative that is why the source is needed to confirm this. It is understanding that banking system can consume energy but the margin of difference is far higher than others.
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Corruption is everywhere even in sports, even if the government will intervene, there are still greedy people who will commit a crime to serve their personal interest. Sports fixing brings big money to fixers, that's why they will not stop if they will not get caught, this is not new, not only in our country but it's all over the world as the world game fixing is happening in every country.
Government itself is corrupt so don't exclude them. About soccer games too they are involved in bribing if selling of games to their opponent. If a country's FA is involved in a bribe to win natch, then is the country that is the bribe. Fixing of match is not only for clubs but countries do that.
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1. Fair Distribution
I will always prefer this first. Most coins that have done well and have retained the value are of fair distribution, sovthis is my reason. Looking at bitcoin at 21million is example and many others. Many coins running in billions find it difficult to rise to give profit. This is what I see in picking that as what to consider first.
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I think that bitcoin will definitely suffer as there are a lot of media personality there that are willing to talk shit about bitcoin and they are going to sensationalize this story as something that will hurt bitcoin.
I don't expect that will happen because even fiat is used to carry away masses wealth. Money is stolen by the government and the common finds a way to maximize the blockchain system, which is worse? When government loot from people who put out trust in them, that is bad to do. In regarding bitcoin, this kind of fund can't draw it down because people are also reasonable to know that fiat is used to for embezzlement.
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It is crucial for the economy because if investment banking is not conducted ethically,it will result to investment decision that will lead to waste or gross loss in the economy.
Looking at ethics from this point of view, it is very crucial not only for economic activities but every human activities. Is most of order of things to be done properly. Going back to economic aspect of it and how governance can be better, bureaucracy is proper and is as a result of ethics because every office is important. An example like if signing of document is needed, it is suppose to be the office assigned for it that is suppose to sign for it for proper appropriation. Doing things in a way that is not proper is not ethical but allowing everybody who is suppose to be involved to take part in what is agreed is ethical.
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PayPal is entering the crypto market do you think CBN will block PayPal?
They don't really need to go that far. The Nigerian government could simply communicate with PayPal and tell them to disallow buying of cryptocurrencies for every single Nigerian citizen. Also knowing that crypto purchases on PayPal are currently only available on select countries. Exchanges and their P2P services are all active like binance. If such communication was possible to stop cryptocurrency business in Nigeria, the government would have done that. Banning of crypto connection with the ban was just a political plan for accounts used to disburse money during the #endSar and that was the origin. I don't think the Nigerian government is out to prohibit a total business with cryptocurrency.
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I congratulate you first for having a daughter who is old enough to invest in bitcoin. And I like to advise that you have a responsibility to her on guiding her to have better knowledge on wallets or means to hold. A better option is to be shown to her.
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Why will the China government created something as powerful as bitcoin and dach it out by stealing billions from people, bitcoin is open such so any one can see the source and how bitcoin movement is within the blockchain.
How they can also create it and try to stop there people from anything around it. This is not true. Bitcoin is decentralized and can't be controlled by any government, is an open source for everyone. Then I see no point in criticizing negatively. This could be a move to put the Chinese on this. Op, you need to provide link to it anyway.
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Knowledge alone cannot do much and it also has to do with how much risk taking ability one has, I heard some stories where guys left their job and took big risks and they paid off. Its not that they had to take those risks, but they did, so it also depends on what faith one has in his abilities.
That is the really discuss for knowledge is just what it is, it can't take you beyond that but wisdom and luck shape you. Knowledge is an idea and you need some things to add up to that knowledge to have success. Even your personal knowledge needs to be supported with others. You are not an island or nobody is an island to succeed.
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Many coins are still under valued but this does not mean if they will pump. For the coin to pump, it needs to be a good fundamental project or the one with a good hype. For me EoS and tron are two projects which are good ones and still not pumped in this mini alt bull run. I hope that we see a rally in both of these coins soon.
I also noticed that tron especially is underpriced. It has good support but has not been up in the market price level. I hope it doesn't fly high before I get in. Tron is more popular than many top coins yet is selling below expectation.
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Then again, it's just feels so sad that though willing, some can still be left out!
I have such feelings too for those who because of their impediment can not freely involve in crypto and bitcoin investment especially the blind. I do believe that with time it may become possible for them to read through roadmap just as the blind study and have certificate in their study area.
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When this happens we wont be pricing Bitcoin in Dollars.
What will we be using, Chinese Yuan?
I thought you are advocating that fiat will collapse and is Yuan a crypto, no but a fiat like dollar. Dollar is usually majorly priced against any other commodity, asset or cryptocurrency because it is generally accepted and operated by the international trade as a measurement for pricing. Yuan can be uses within the Chinese setting. For fiat collapse, it won't affect major currency like USdollar because they understand control system. Also the use of cryptocurrency like bitcoin isn't going to collapse dollar because it is traditional whose operation like other fiat is backed by the country government.
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the rules for wearing masks must be carried out so that the habit of maintaining health can be carried out.
I have not been feeling different from you about the possibility of scam about the activities of covid-19 and the hype of it and that is why I also feel that face mask is preventing any of it. Or do you feel it does prevent it? because not many people wear it and it still affect people. I think the major preventive measure is our immunity. If the immunity is good, certain contagious disease will be far from us.
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We are almost forgetting halving in hurry. Last year was the halving year and we know how it also happened in 2017. Pandemic had it own positive to the market because of the contact of effected fiat but I think that isn't the case now because reduction of cases and so many means of avoiding the spread including social distance.
Therefore it can't be all reasonable that covid-19 is pushing up the price of the market but big investors are in the market because of the awareness level of decentralized system and blockchain.
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