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Congratulations to those who received their airdrop. I am still patiently waiting for mine. It might take a while before they finish this, it takes time to send tokens specially there are over 600 participants.
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Isn't bitcoin a token technically? It is a reward given to the miners for maintaining, inserting blocks into the blockchain. But we can use it as a currency because we can buy things and services thru it. So, it does not matter if they call it token or coin. It is still bitcoin to us.
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Will it really happen again? They have already profited a lot from that fall.
I am thinking of whales doing this just so they could make a lot of profit. $1k up for every bitcoin they sold and then buying again at $2800. They really did it like it was nothing. It happened so fast that it was like scripted.
As long as there are still newbies who fall to their FUD attacks, it will still happen. It is a very profitable activity to the whales and to those who knows what they are doing during FUD. So next time you see FUD attacks you know what to do. It is either short or hodl and buy more when the price drops. |
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with china or not i do believe bitcoin can reach even more than $5000 and from now on the price has been recovered above $3500 and slowly but sure eventually the price will hit again to $5000 or higher
Yes, this is for sure. No way bitcoin can be so dependent on China. There are a lot of bitcoiners outside China. Even when the FUD was happening, everytime there was a dump, the price is still pulled up. China can dump bitcoin and the world will gladly buy that bitcoin back. |
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A good altcoin with good developers, road map and actual uses that is still low in price is a good investment. This can yield better profit short term than bitcoin. But if you really want a sure thing, then you should stick with bitcoin. It never fails the old investors, it will not fail you.
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I do not see anything wrong with mining or any reason why China will ban bitcoin.They also earn from it from sale of hardware to electricity. They are regulating bitcoin exchanges because of malpractices done by the exchanges.
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All the coins he mentioned are shit coins to me but I will still bookmark this thread just to see how those coins perform in the future. Good luck to those who will follow this guy.
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Yes of course, I believe that it could be still go up. Why should you want to ask that kind of question if we all know the cycle of bitcoin everyday,every month or even every year, that the of bitcoin still going up and up. Last year of 2016 the price of bitcoin is about $1200 only but look how big is increase today its price was tripled right?
For now i don't think it could go higher , $4,000 is a fair price , $6,000 or $10,000 could be reached in the next year , so don't expect too much now , Just take an opportunity on the pump/dump games , As time goes by bitcoin should increased periodically i think. It can still go up this year. What I noticed in the last two years is that bitcoin price always pump up at the end of the year starting at November. If it stands true this year, then we can still reach 6k above before the year ends. That is a very good price to end 2017. |
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Very bad for bitcoin but it does not mean it is the end of it. Bitcoin can recover even if China bans bitcoin. There are a lot of bitcoin holders, miners and traders outside of China. Japan is very supportive of cryptocurrency, it and other countries can uplift the lose from China.
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Bitcoin economy will probably collapse because of lack of support. Bitcoin is based on the idea that it is decentralized and no one will have autonomy to control it. That is what we want from bitcoin. If it gets removed from the equation, a lot of people will dump their bitcoin and go to another crypto.
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we will see the day eth over bitcoin. eth can make many transaction than bitcoin, faster and low fee.
I also see that ETH have a bright future but I do not see it overtaking bitcoin. If the only reason you will give is fast and low transaction fee, then it should have beaten bitcoin long time ago along with other altcoins that have that characteristics. |
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Maybe also because they can take it anywhere they want without the risk of being flagged by airport officers or risking having too much money on the bag. They can easily store, spend and launder it. No one tags someone who spends ten thousands of bitcoin but do that in dollars and you will be tagged by IRS.
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Because bitcoin is decentralized which is a complete opposite of how the government works, which is centralized. They cannot control bitcoin and
its uses. So they go to banning them. Though I think banning bitcoin is not an effective move because cannot really ban bitcoin. It is better if they just regulate it or the exchanges of bitcoin.
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Let the newbies dump their bitcoin during FUD. While they dump, you buy their bitcoins. I am in bitcoin for long term. I do not care if it dips once in a while because in the long run it will be pumped and reach new ATH.
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I don't think you should pre-judged him, he promised today let's wait and see what will happen, it is also possible he is using a different ticker for the token which is different from the one you searched for There should be a smart contract by now, he is supposed to be distributing today. And I do not think he will be using another token name, so howl should be searchable. |
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We have a group in fb and everytime an FUD is actively spreading, we always remind them to hodl. Unfortunately, even with our excessive reminders, newbies will still dump because of fear. Fear works differently and we cannot control the newbies. They need experience to recognize FUD and avoid dumping.
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It will never be over. They will just lay low, and then when the price recovers or reach a new ath, they will drop anyther bomb that will spread fear and panic to almost everyone. Instant profit. Rinse, repeat. That is how the Chinese are playing us.
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That is all they can do, attack bitcoin or call it fraud but they can never destroy it or make it stop. Bitcoin is the future and banks are like the dinosaurs they will soon stop existing because of bitcoin. You'll only hear them on history channel.
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It will take a lot of adjustments and maybe a long bear run but I am sure bitcoin can push forward even without the Chinese miners, traders and investors. There are a lot of bitcoiners coming from different countries around the world. They can cover the hole the Chinese will leave if ever this happens and soon it will back to road to 5K again.
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Do we really need a newbie account to tell us that bitcoin is a scam. And really, a pyramid scam? Do we recruit anyone to join bitcoin? This is a failed attempt to bring bitcoin down.
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