Well if you are wealthy already, there is not much risk in buying cryptocurrencies because even if the price crashes you have money already, and if the price surges (which has been the case so far) you're better off than before. So it's a low risk-high reward situation, no wonder rich people are investing.
Risk is based on how much per cent of your capital you put into Bitcoin. In other words, it doesn't matter if you have $1 billion investment capital, or just $1000. If you put 90% of your capital in Bitcoin, again, regardless of the total amount your capital is worth, you'll be exposing yourself to insane risks. If you just decide to go with like 25% of your capital, and your investment turns out to be absolute trash and you lose everything (won't happen with Bitcoin, but for example purposes), you still have 75% of your capital left, and from there don't suffer that much of a blow. It's just a matter of logical thinking. Other than that, this article isn't pointing at anything new since it's happening on a global scale. I think nowadays the fear of missing out is playing a very important role. People knew Bitcoin already, but just didn't take it seriously due to their stupidity, and now they see how much development this market has gone through, they start jumping on board.
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At this point it's all talk and speculation. Bitcoin has so much growth to offer to all involved parties, that one, especially in current extremely bullish market conditions, will only have the incentive to go long. It obviously doesn't meant that they will endlessly keep going long, but as long as there is new money being pumped into this market, there will be reason enough to remain bullish. The more people look to buy themselves into Bitcoin, the lower the overall on-exchange availability of Bitcoin is, and thus the larger this market will grow in the long term. I constantly see the mainstream media point out that due to the possibility to short, this market will be brought back to far below the $10,000 level where it belongs (according to them). It's obvious that not everyone is happy with how Bitcoin has gone up.
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It is not advisable to transfer all your saving into cryptocurrencies I will rather advise you to invest only 50% of total savings and keep the rest in your account of course due to the volatilty of the price of some cryptocurrencies your investment will also appreciate in value but there is also risk attached to it.
Even 50% is a bit too much to start with. In my books an initial investment of 25% of your entire capital is quite the max, and from that point one should slowly accumulate more every month. It will help you to benefit from the ups and downs of the market in the way that one month you'll buy Bitcoin at $10,000, and the other month at $8000, which will allow you to benefit from various entry points, and level out your average buying price in a better way. Bitcoin is the only true long term investment, and the far majority of the altcoins have proven to be horrible long term investments. Easy choice.
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This exchange has been weird for quite some time now. It seems that there is a 50% satisfied side, and a 50% totally unhappy side. I must however point out that exchanges not responding to support tickets don't necessarily mean that they are planning an exit scam. Bittrex makes certain people wait for more than a month, which is completely unacceptable. I definitely get it that they have quite a backlog of waiting support tickets, but at least hire more staff to help people out in a much quicker fashion. People not being able to use or withdraw their funds in this market is making people miss out big time, which is a shame. People have to suffer due to the incompetence from the side of the exchanges. That being said, there are so many exchanges to choose from nowadays, but people still make use of these shit exchanges. I would never ever sign up to an exchange as HitBTC, even not if they pay me for it. But still, a shit exchange is not a scam exchange by default.
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Instead of thinking that NiceHash as service has been hacked, or robbed from inside, they confidently say that Bitcoin got hacked and that all people hodling Bitcoin are at risk as well since the 'code' has been cracked.
As long as people don't understand that if you hand your Bitcoins over to a completely stranger (i.e whatever service), you depend on that entity to take care of your coins properly, have it maintain its platform properly so you have always 'access' to your coins, and to not have it run with your coins. If people drop their greed, and just keep their coins offline in a properly secured way, no one will ever have to suffer from coin loss. It's a shame that Bitcoin gets blamed for this all the time, but there is nothing that we can do about it unfortunately. The majority of the people don't know what they are doing here other than hoping to bank on Bitcoin's boom, but instead of banking on Bitcoin, they are tanking on Bitcoin.
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It doesn't really matter. If institutions and other related entities will want to bank on Bitcoin, they have to buy Bitcoin directly instead of Bitcoin tied instruments that have more to do with gambling than with actual investing. I see it as something that potentially can work out in our advantage. Now all parties there basically are forced to buy and own Bitcoin, instread of buying a worthless instrument where no coins are involved in at all, which will help take even more coins out of circulation. South Korea itself is a bomb already, where they are constantly leading this market by miles, so people shouldn't be upset about this. I appreciate all the growth that this market experienced due to South Korea, and I'm sure will continue to enjoy it for plenty of more years.
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Bitcoin will always fluctuate because there are no regulatory mechanisms controlling its turnover. We will always be hostage to speculative manipulation. But it doesn't bother me. I'm used to.
No one should be bothered by this market's fluctuations if people are long term minded. If you're not a trader, then just sit back and relax, because the volatility won't affect you at all, even not when on paper your coins have lost vale. Funny is that when people see Bitcoin increase, and thus they on paper made a profit, they are all excited, but when there is an on paper loss, people go nuts. People don't understand that if you don't sell or spend your coins, you haven't lost anything, and at the same time, you haven't gained anything. It's a very simple basic principle, but yet people are struggling to understand this and sell their coins in panic as result.
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What remains unclear at this time is what the Bulgarian government is doing with the seized bitcoins.
According to a report from Bivol.bg from Nov. 28, the Bulgarian government declined to release further details, citing an ongoing criminal investigation.
Of course they don't know what they will do with these coins. Instead of publicly auctioning these coins, they will likely share a fair portion of these coins amongst their fellow government figures to reward themselves for their efforts. Another possibility is that they have taken 'their' cut already, and now look to further utilize this opportunity in their advantage. Other than that, there is not much interesting going on apart from the massive amount that's concerned with this raid. These things will keep happening, and in this case we can't blame the tool for the malicious actions of people. At this point it's the government (criminals) stealing from other criminals. It's basically a never ending cycle.
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It's a ludicrous statement, but very profitable for traders nonetheless. It's quite funny how all these banksters think they have an opinion worth sharing, while they don't understand the fundamentals of Bitcoin, and why people buy themselves into the market alongside the speculation aspects. If we had to believe these banksters, Bitcoin would burst at $1000, then $3000, then $5000, then $10,000, and now they suddenly see it explode in value? Get lost you pathethic beings. State run crypto currencies can offer people a better level of convenience, that I am sure of, but they tie people to this on debt based system more than ever before. It's almost insane when you consider that in current days (aside from cash and a few miner physical assets) we can only transact with each other through corporations. They decide who we'll be able to transact with, they decide how much we're able to transact with, and they are able to freeze our funds at their will.
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Even Coindesk released an article, so it's clear that it's concerning a hack and not just maintenance as people were speculating about at first. It's sad that it happens, but now Bitcoin is gaining more and more value, hackers (if this is indeed a hack, which we can't be sure about anymore) more than ever focus on services to "obtain" Bitcoin. I am quite sure that the mainstream media will pick up on this as well, and try to use it to scare off people, which likely will not work anymore in these days. Regardless of what actually happened, it once again shows that people should avoid investing their precious coins in or through whatever site or service. It seems that the general user there is dealing with minimal losses up to a few hundred bucks. https://www.coindesk.com/62-million-gone-cryptocurrency-mining-market-nicehash-hacked/
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That amount was too much high, even though bitcoin price is rapidly raising up I believe that three remaining weeks is not enough to touch $20,000.
The market is extremely thin right now, which makes it basically peanuts for this market to gain a few thousand bucks in just a few days. It of course doesn't mean that it will automatically reach $20,000, but I would say that we have 50% chance of achieving it before the end of this year. If not, then there is no reason to complain. In addition in my estimation bitcoin before end of this year will play into $10,000 up to $15,000.
I am quite sure that people waiting for their salary to be paid out to then buy Bitcoin will hope that you're right. I am looking forward to how the market reacts at the moment we see CME opens future trading this month. I personally will cash out some profits a day before launch to be on the safe side. I wouldn't be surprised to see some sort of a coordinated dump happening at that point to get rid of weak hands. It's something that yet has to happen after quite a continuous rise to where we stand right now.
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It is difficult to make any predictions regarding the course of bitcoins. About 2 months ago I bought bitcoin at 7400, today I plan to sell them, because it's tedious to watch the price jumps.
It's not difficult at all since there is (short term speaking) only one way this market goes into, and that's the way up. Everyone with a functioning set of brains can see that happening with so much money being pumped into Bitcoin globally. In that regard, this "just as we predicted" titled article doesn't hold much importance. I can predict things too, and predict that we'll soon reach $14,000 and then $15,000 very likely this year. I however won't pop up and say that the price has gone up just as I predicted. As long as there is money being pumped into Bitcoin, we'll smash through each and every round price level. It's that simple. It may very well be that we get to touch the $20,000 level before the end of this year, or somewhere in January.
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It's not exactly a fair source of information. Bitcoin's USD markets still need to touch the $13,000 level, while Korean exchanges are already moving over the $14,000 level. It starts counting when USD exchanges start touching $13,000 for the first ever time. GDAX is really pushing things and slowly but surely is becoming the main USD exchange. If we ignore Bitfinex with their Tether garbage, GDAX right now has the highest 24H volume. I am not at all surprised by how this exchange is gaining popularity amongst regular traders, and professional traders. On top of that, Coinbase's fees make people skip buying from Coinbase, and go directly to GDAX, which especially for high quantity volume movers will save them a significant amount of money.
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99% of all the theories we've seen go around here are meaningless. This market is in no shape or form comparable to how the market back in the days was operating. Currently we're dealing with a constant flow of money being pumped into Bitcoin, and it doesn't look like it will stop any time soon. The previous years have been somewhat of a learning experience for people, in the way that if they sell their coins, they will regret it, and if they don't buy Bitcoin, they will regret it too. All this gives people incentive to keep holding on to their coins. I have never seen a higher level of willingness of people to hold their coins than in this year. Sure, there is profit taking going on, but the dips this results in are being bought up quicker than ever before.
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I just scrolled back through my bank account, and see that my last actual Bitcoin to fiat (EUR) cashout was 1.5BTC for €655, lol. It was meant as a treat to buy myself a new laptop after (at that point) a very profitable time. After that, I haven't cashed out a single satoshi anymore, because I am not interested in selling something that only gains value, for something that only loses value. I use that laptop solely to create backups, access my cold wallets, etc. It's a good purchase, but turns out now, a very expensive one.
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My only issue with coinbase is the speed of transactions or the time it takes for transactions to get confirmed (bitcoin/litecoin). Other than that, it's all good.
The only way I can see Coinbase be somewhat responsible in this case, is when they don't include appropriate fees according to how congested the network at a specific period of time is. Another factor (when Coinbase isn't responsible) is that miners just blatantly ignore transactions, certain pools have the frequent habit of doing so. It's an aspect that doesn't get much people to complain about honestly. The far majority of the complaints all are verification related, one way or another, which is something a lot services allowing people to buy and sell crypto suffer from due to the long list of regulations they have to abide by.
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Funny thing is that even the local government here is looking to develop its own state-tied coin, but it won't be anything in digital form, despite people having complained about that. It's a physical form of money purely meant to give people more incentive to spend money within the state rather than going elsewhere to get things cheaper, etc. It's basically very similar to the Brixton Pound since its purpose is to stimulate the local economy, but without really being exposed to the drawbacks of the current fiat system. At least, that's how they portray their plans. Not sure whether or not they got tempted to set this up due to crypto currencies gaining popularity, but at least it shows that we're not the only one looking to distant ourself from the current system.
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bitcoin will keep increasing until it reaches it's full potential!
Classic wording. It's impossible to know when Bitcoin has reached a top from where it just can't grow further. It might very well be that we're almost there right now, or it might be when this market reaches $1,000,000 at some point in the far future. And then still, $1,000,000 might turn out to be peanuts if we see a massive amount of the total circulating fiat gets pumped into Bitcoin because no one wants to hold fiat anymore. In other words, it's all relative. Bitcoin will never reach a point where one can say that it has reached its full potential. The only thing we can say, and more or less be confident about, is that there always is room for further growth potential, and as long as we all think like that, and believe that, it will continue to rise.
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What do you think about it? is it possible that this is a parameter of the code that it can be changed?
It could, but that would make Bitcoin a whole lot less appealing to the outside world in the way that you can't even trust on Bitcoin's technical aspects anymore. If one important aspect of this protocol gets changed, what prevents the same entities from changing things even further if they think it's necessary? It would basically mean the end of Bitcoin as being the most trustworthy coin in all sorts of aspects. That being said, I am glad there doesn't need to be anything done to increase the max number of coins to ever get minted. Bitcoin at some point may get so expensive, that the majority of the people won't even be able to afford 1/10th of a whole Bitcoin anymore. Bitcoin is extremely divisible by nature, and at some point we will not work with the BTC nomination anymore, but with mBTC or Bits. 1BTC = 1000mBTC (likely to become the default nomination) 1BTC = 1,000,000Bits 1BTC = 100,000,000Sats
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I wonder how many Bitcoins they have actually left of the initial 100,000 they bought years ago. I strongly believe that they have been liquidating their profits, and use that money to invest in other ventures. But even if they haven't sold anything, I appreciate and respect people who actually want to contribute to pushing Bitcoin to the next level, even though not all their attempts have been successful in that regard. I remember how back in the days people were actually respecting Roger Ver and Gavin Andresen, and now completely shit on these two characters. Good thing is that the Winklevoss twins remained respectable for the most part with everything they do.
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