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I don't think that passive income from bitcoin is possible because if we will talk about passive income then it means that the income that we will be getting from bitcoin should be consistent and there should not be a loss. That is how passive income works in my opinion and we should not treat bitcoin as a passive income because it is risky and volatile.
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FUD, Panic selling. That is the two simple reasons why bitcoin is dropping, a lot of FUDs are there in the internet for this quarter of the year and it resulted for the price to go down really high and since the FUDs are there then the panic selling are being produced by more people who are hodling their bitcoin because they believed to the FUDs that it is not a good idea to hold bitcoin anymore.
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is now too late to invest on bitcoin ?
it's never to late if you invest right now, the dip has come and you should grab this great opportunity, the value last december 2017 almost hit 20k usd and the value right now is 7k usd, see the difference its so big, that's why buy bitcoin now, and also ethereum it hits 1300 usd last december 2017 and the existing value is 392 usd. what i recommend for you is to buy top altcoins on coinmarketcap for much safer investment. grab your bitcoins and altcoins now  We should really start getting those cheap cryptocurrency out there and since we are very far from the past peak price then there is a huge possibility that when the price pumps then it will surpass the all time high and reached for more high price in the future. This is a very great opportunity for the people who think that they are too late to get into this market. |
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I think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course, it consumes a lot of electricity monthly. Also, it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.
If I personally better buy Bitcoin. After buying Bitcoin I will follow Trading. Because Trading is more profitable and less costly than Mining. for me it is better to buy bitcoin also rather than do mining if you don't have any experience in mining before. if you have the money, just invest in bitcoin. That is right that we should just buy bitcoin rather than mining because if we will mine bitcoin then it will require a lot of money and you need to wait for a very long time in order to get a lot of bitcoins in your wallet while if you just buy at the low price then you will be getting more bitcoin rather than the possible amount of bitcoin that you can mine. |
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Its hard to say how strong it really is but the fact is that it can be very strong if it stays so stable, its all matters in the stability these days so.
Bitcoin by its nature is not stable, in fact it's the opposite, the price is volatile that is why traders love to play with bitcoin. But this nature is not gonna last forever as just like you said we need to be stable to be strong, when regulation will play, maybe we will witness this. I don't think that bitcoin will become stable in the future because bitcoin is not capable of being like that because ever since the market of bitcoin started, its price is always going for volatility and there is no moment for bitcoin that it is settled for a stable market but bitcoin is still strong even it is not that stable like the other market because of the support that it is getting from us. |
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Just keep holding btc.This type of crisis we have faced before,but the midle of the last year,it started to uprise,so just keep patience and hold it untill it bounceback in the right track!!
Yup, we should be patient and pay a lot of attention to that. This thing is already happened a few years ago and after a few years after that crisis, we saw that the price of bitcoin goes up really high so instead of complaining for the price of bitcoin, you should be grateful that the market gives you opportunity to get a lot of cryptocurrency for such a cheap price. |
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Bitcoin is dumping, bitcoin is crashing, what should we do now? Sell bitcoin? Nope, we should not sell bitcoin. It is not about the event that is happening now because it is about the power of the investment that we took if it can survive more years and dominate the market for more years. Bitcoin is a really strong cryptocurrency and having dumps like this is a temporary thing that we should not think about.
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They believed like the government that the bitcoin is just a risky investment and it is should be not the priority for the investor because the risk of getting a loss is higher compare to the other types of investment like stock and other stuff. Media is against bitcoin because they have the misunderstanding about bitcoin that should be corrected.
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I don't think that bitcoin will fit well into that category as a national currency because that is not a good move for a country if they will make bitcoin as a national currency since bitcoin has a very volatile environment that will make it hard for the people to manage their money and it will bring chaos since the prices will not be fixed like in the fiat.
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If you have patience too then it is worth it to risk your time and money for sure because if you have patience to do a lot of research and study how to do things in an effective way then the risk will not be that high and your money will be worth it to be spent on the cryptocurrencies because the return for this cryptocurrencies like bitcoin is high.
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The best time to buy is when the market is red as there is a general dip in prices and good coins are available at a cheap price. therefore chose wisely the coins you buy and invest
Yup we should do that. We should do some research in order to know if there are good coins to buy when the market is red or should we just continue holding and wait for the market to go green and to be back to normal. As of now, i can say that there is a lot of coins to buy for this moment and since the market have a huge dip then you know what to do. |
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What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
base on my understanding Sir. People do not stop buying the bitcoin. If people end buying bitcoin effect to the rate. In that case, the tendency of the value of the bitcoin will keep little until no more cost. Buying and selling make the market dynamic. Let bitcoin continue up to this time. Bitcoin will have a possible than now in the future. It will never happen because super common around the world Maybe now the people are not stopping to buy bitcoin because they know the potential and also the price of bitcoin is in favor for the possible investor in the future but if bitcoin will gets old and if it will replaced from being the king or being dethrone then i think that people will just stop buying bitcoin and they will focus more on other cryptocurrencies and that will be the king for years like what bitcoin did. |
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As you can see from the last couple of months price of bitcoin going down and down..
Is this the beginning of the end?
I think no, the bitcoins era will be running inna long time because as we can see in some country especially japan they are very dedicated for the bitcoins to be part of their currency because they warned to be the bitcoin capital of the world. And the bitcoins falling is not gonna tell that they are going to an end this year because they are mot that bad at all but yes they are almost near to the 1/4 of their price compared to last year but still i know that they can manage that thing to happen for sure. If we are going to see that bitcoin is keep on improving to stay being competitive to the other cryptocurrency then i think that yeah, bitcoin will be in a long era for sure because it has the basic foundation like being updated and always getting improved to get more energy and to be stronger compare to the other cryptocurrency in the market. |
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I think the Chinese government forbids bitcoin because cryptocurrency is difficult enough to control its fluctuating value. and they think cryptocurrency is often used for money laundering, fraud and illegal transactions. Or maybe the Chinese government wants to make its own digital currency.
The china forbids bitcoin and other cryptocurrency because there is a lot of scams that is going in their country and most of those are generated or created by the Chinese people or citizens so it is not a good thing for the government of the China to just notice and see that growth in scams in terms of cryptocurrency so they are banning bitcoin and other cryptocurrency to avoid those scams. |
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If there is no country that approved bitcoin then what you think about Japan and other country who regulated bitcoin then think twice. A lot of countries are now in the mode of thinking of accepting the cryptocurrencies for their country because just like Japan, it accepted and approved bitcoin and it resulted bitcoin to get more demand and also it resulted Japan to get more profit by having bitcoin.
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To be honest here, it will be so easy for them to reach that title as the world's bitcoin capital because first, they already made bitcoin as a legal currency in their country and there is a lot of stores that are accepting bitcoin as a mode of payment and that is enough for us to expect that more and more country will follow like what the japan did to bitcoin.
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Wait for the price of bitcoin to reach at least 6,000 USD and then you can start buying bitcoin there and if the price of bitcoin even goes lower and lower then continue to accumulate because below 6,000 USD price for bitcoin is a great accumulation stage for itself so you should just be patient in waiting after you bought some bitcoin and always think for long term.
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The most memorable experience after I started playing bitcoin was being able to generate enormous revenues so that in fulfilling the life of every moment is guaranteed and the effect of bitcoin for me very have an important role until whenever.
That is also the same thing why i am very impressed to bitcoin because it gave me a lot of profit last year and i really hope that i will continue to get more and more profit or income from cryptocurrencies. It is more than the salary of my friend so he is very jealous of my income but this year, he is slowly getting into crypto also so he can quit his job and be a full time cryptocurrency user. |
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Many people are thinking that they lost an opportunity to buy bitcoin when it was just have a low value. Then they bought bitcoin at a higher value then when the bitcoin dropped they sell their bitcoins at a lower value and said they will not buy bitcoins again. Bitcoin is at dip again at this moment and they are afraid to buy because they think it will collapse but when it will increase again in value they will say again they lost an opportunity.
That is the pattern for the people who are very afraid to invest their money to bitcoin and other cryptocurrency, when the price is too high they keep complaining that the price is expensive and they just lose the opportunity but when the price is too low, they also complains so for me, what is their problem. They should have a plan to stick with to avoid complications and regrets. |
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Bitcoin world has a great deal of favorable circumstances, for example, decentralization of go between, moment installment, no chargeback, exchanges are openly distributed means straightforward installment framework and substantially more.
Yes, those are some of the things that bitcoin have and that is a very great characteristics for a cryptocurrency or a newly created technology for our world. One of the best is the no chargeback for bitcoin unlike in paypal that you can get scammed so it is a pure perfect suited for payments because you don't need to fill up personal information and it is also decentralized. |
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