Despite being an exceptionally wealthy individual, notorious for making a fortune shorting the Pound sterling years ago, Soros is a totally despicable human being who funds unrest in many countries across the planet via protest groups. I hope he does nothing more than invest for his own amusement instead of becoming an influence in the crypto space. On the bright side he must be pretty close to the end of his life by now.
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No of course governments cannot kill Bitcoin, they can only produce legislation to restrict its usage within the borders of their own country. Let's also remember that governments change every few years in most countries so even if a country has a negative stances now that can completely turn around after the next election.
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I don't think Bitcoin would ever replace Gold, you don't find any of the Central Banks declaring there Bitcoin reserves where as they do all hold reserves in Gold. Gold will always have uses aside from being a store of wealth such as Jewellery, conductive plating etc. It's one of the few elements that does not decay.
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You need to find one of the exchanges that allows FIAT pairs and funding both in and out. Coindesk is one choice for you if you are based in the UK or the EU, Kraken you can use globally.
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It is not a reality as I am still receiving paid for adverts each day on Facebook that feature crypto and or ICO. I think I saw clarification saying the ban would only be in place on countries that were against ICO. So to say its banned in social media is overdoing the truth.
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There is too much fake news out there and without being labelled a tinfoil hat wearer, it is most of the crap digested by people from the major media outlets. The manipulation that has already been proven in the forex, libor and precious metals markets is now creeping over to crypto.
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Blockchain technology I believe will continue to grow at a rapid pace during the next few years, it will also evolve from the current Proof of Work systems to something more economical and fast to run. Then distributed transaction ledger will help streamline and keep accurate many outdated systems practices.
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I think we have seen most of the decline in the Bitcoin price already. It has come down from a very high position when it was at $19,000 and so far it has not fallen below $6,300. I think we will see a recovery during the second and third quarters of this year but not more than 10 - 12,000.
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I do not think that the futures contracts that were introduced for Bitcoin have done the currency any favours at all. They have basically ruined every market they have touched and this type of derivative instrument only encourages manipulation. Bitcoin has always risen and then corrected just that this time the correction is lasting for some time.
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Just when you think you have heard everything then you get another bizarre statement from the people that practice religion. If you want to believe in God then that's fine but you really don't need a strict set of rules dictating every minute part of your life and a book telling you what you can or cannot do. Everyone should be free to make their own rational choices of what they feel comfortable with and does no harm to others.
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Seems like you luck really went South this year, I hope your health has at least improved.
It has been a very difficult time for Bitcoin investors especially anyone that was buying around the all-time high. No idea right now when a full recovery will take hold so for those who don't like to lose holding may be the best option. If you have some trading skills maybe use Tether to dip in and out of to try and make some profits.
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Governments will for sure be using Blockchain technology, it should simplify the processing for many different services or assets. Dubai has recently announced that they wish to run the majority of their government services on the Blockchain by 2020.
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Of course Bitcoin is legal, just that some countries are still restricting the use of it by their citizens. Both the US and EU are putting measures in place to derive taxation from the usage and profits of crypto so I think that answers your initial question.
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I think it is still too early to be calling a recovery in Bitcoin price for April, this OP prediction is already way out of the range. I won't be convinced that we are out of the current range until it holds above $9,500. I expect this to happen during the 2nd Q of this year.
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The choices made by the larger traders in pushing the market one direction or the other. I think the news stories that appear help to drive the herd along with these original choices. I wouldn't be convinced that we are on a new leg up unless it pushes on past $9,500
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One of the rules of investing is to buy when there is blood on the streets. The correction in Bitcoin has been pretty brutal and lasted longer than most people were predicting. It may not even be over yet but the bottom should be within 10 - 15% of where we are right now. If you can add to what you already hold on a daily or weekly basis you will be increasing at some promising prices. When the price recovers you can regain your value and sell if you have made some good profits.
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Bitcoin is taking a little time to shake off the most recent price correction but when it does I think it will most likely increase in value this year by a minimum 100%. That is a very solid return from my persepective.
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So Sir these new ranking ideas will last longer than for this morning? You can please some of the people some of the time but you can't please all of the people all of the time. Please, please tell me now Sir and I will be pleased for the rest of the day
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I think this would be a long long long way in the future we just are not ready for that kind of thing as yet. I have heard that Dubai was creating a currency to be used for paying government bills and service called Emcash, but so far it is just talk and no reality.
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As soon as mining became big business to pretty much locked out the small guy looking to get started. You need to invest huge amounts buying all the equipment then pay for the electrivity and cooling required to keep the operation running. Have you seen those images of a 40 foot container packed with graphics cards and hooked up to a solar panel farm?
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