I think the easiest way is to try opening a chart of any other altcoin or bitcoin and tracking the change for a short period of 1 hour to 1 day. No property has changed its value so quickly. Going up and down very fast, the stock market or forex can't change that fast. Bitcoin or altcoin is difficult to use value analysis models to apply.
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Deflation depends on users' needs and maybe a 50% reduction in rewards can create greater demand. I have faith in the next round of rewards reduction of Bitcoin mining. Because in previous years Bitcoin did the same thing as continuous increase in value after halving. But looking at the Litecoin Halving event that took place, I got a different perspective. Litecoin miners have dropped, they are moving to other more profitable crypto mining. The value of Litecoin is now decreasing compared to before Halving. So maybe Bitcoin will have the same fate as Litecoin.
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If mining is removed, it is necessary to upgrade the technology and create a decentralized network that is stronger than Bitcoin, ethereum, litecoin and some other mined altcoins. Currently, there are many good projects that are developing well with newer technologies and investments, cooperating with larger organizations but the value and popularity of the market cannot be compared with Bitcoin. The biggest problem with mining is that the algorithm has only allowed mining to create reward-coin and only mined to the limit. As for the technology projects just release and circulate, some projects can modify the source code to increase the number of tokens or coins of that project. That is also the reason for losing the scarcity and desire to own from the user. If the Libra of facebook actually works and is supported by strong partners as in the announcement, this will be the world's most popular and highly applicable blockchain network.
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I use my monthly salary to buy into crypto and bonuses from the campaigns I'm participating in. I hope the money I invest will bring me better profits because I lost a lot of money for ICO projects, they dropped a lot in 2018.
If you have portions of your money to invest inside then you are going to take care of your money. This investment venue have a high risk but also a big returned once you got a very nice ideas from how you work with the market. Every sources of investment if being use properly will have a high chance to make a good outcome. I was happy when everything went smoothly in 2017. It really happened very quickly and most people make easy money until they turn into 2018. If I stopped at the right time I might be rich. Will 2017 happen again? I mean the market. Now that I am disoriented, should I continue to invest or withdraw all my money to do other things.
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It is best to close bad exchanges and there should be specific rules for choosing crypto to list on exchanges. Currently, the cryptocurrency market is quite new and the world still has no strict and general regulations. New projects are many and there are many countries that facilitate them to develop, all of them are startup projects so failure cannot be avoided.
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I use my monthly salary to buy into crypto and bonuses from the campaigns I'm participating in. I hope the money I invest will bring me better profits because I lost a lot of money for ICO projects, they dropped a lot in 2018.
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Do not ask them what to do if the store receives Bitcoin or crypto, they will post a large plate of their QR code in front of the cashier. And above all the cashier only does what the payment system is arranged, they do not have the right to decide what they will receive other than the payment system of the store.
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I don't think bitcoin is a good coin for local people to think of, not everyone could transfer bitcoin with care, and most of daily transaction is very small amout of money imagine that you buy a $2 cup of coffee and it cost you another $2 to transfer bitcoin, just not really make scene.
I think the cost of transferring money has dropped dramatically because there is a lightning Bitcoin solution that helps reduce the cost and speed of sending money, and they have to wait a few minutes for Bitcoin Blockchain to complete the payment confirmation. In case of payment for a cup of coffee just withdraw money from your wallet and quickly leave without having to wait long. They have to open up their e-wallet and if they change devices they are forced to recover their account through several steps.
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I don't know when they will create their own digital currency but now China has created their own cryptocurrency. I just think that China's creation of their crypto is just against Bitcoin and satisfies the Chinese people's desire to own crypto. Whether or not the United States creates a replacement USD currency is not important because their economy is too large, and if creating crypto, only the Fed has the right to create it under the permission of the US government. If the United States has its own cryptocurrency representing the USD, the global crypto market will flourish.
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I've decided to bump this 10 months old thread because it is important for bitcoin future to discuss it and find solution. At least in my opinion. Otherwise, bitcoin will no longer be coin with maximum supply of 21 M.
This topic is amazing, it opens me up to a space in my head and reflect on Bitcoin and its future. I realize that there are too many forms of business related to Bitcoin and make the value of Bitcoin significantly manipulated. Using a decentralized exchange instead of a centralized exchange will help solve many different issues such as customer asset security, minimize the pump and dump. Currently, there are many people who tend to hold Bitcoin rather than trading, which will result in low liquidity for Bitcoin. The next problem is the congestion of the Blockchain network due to too many people placing orders on decentralized exchanges.
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the next death is a few more days. Please read the information below and check. Maybe black Friday is this Friday. #fud upbit was hacked so there was a lot of money going out. Including 342000 #eth transferred to the unknown wallet, #trx, #btt, #xlm are similar. A total of about 60 billion won was transferred from the floor. Information from Telegram channel t.me/realcryptobeasts
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Long-term holds are good with really good cryptocurrencies. And you need to have enough knowledge and money to continue to buy more Crypto to hold to have an average price and ensure not to lose too much when held long. Many people have a lot of money when misjudging the market and holding cryptocurrencies at a bad time to buy either they don't have enough money to average the price or they sold it too early to cut losses. I'm talking about cryptocurrencies good enough to hold. As for shit cryptos, if you keep it for how long it can not increase its value.
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Information such as reports, advice, and current exchange rate monitoring are all made for the proceeds. They are paid to list altcoin information and information about ICO projects, IEO ... This is the service and all the owners of these websites and blogs compete for content. Currently, I realize that quality blogs focus on Reddit, steem and Medium. These blogs share information publicly on their social networks and have a lot of interaction. This shows that true value comes from individuals. They make it available to the community and can only be read by those who diligently search it. Information does not naturally appear, work hard to search, the best will appear.
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Bitcoin has always been in the first place on the chart. Bitcoin is the most mentioned media. Bitcoin is accepted by countries more than any other crypto currency. Bitcoin's up and down rates affect all remaining altcoins. Bitcoin makes wealthy and poor Bitmex traders. It is impossible to accurately predict Bitcoin price, the prediction is relative when applying the price models.
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They want to control transactions and control cash flow around the world. Bitcoin was born free and from the outset respects user privacy, respecting the nature of this currency is anonymous. The government wants to create an environment that can control cash flow, they create the foundation and set rules to force users to use awn crypto. China is doing that, it has created its own social media and online commerce channel. Next they will create their own crypto.
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This is a 3-month chart of Bitcoin. I am not good at technical analysis but it seems Bitcoin will have a long sideway session before reaching the $ 20,000 level and higher. maybe in a few years. Here is the chart. Figures are provided from: t.me/orcagroup https://www.tradingview.com/x/pzAw1PJL/
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