Bitcoin is rising too fast. It is not normal. How do you think?
I predict Bitcoin will fall at 7k on December
In my opinion bitcoin will not loss it value before December ends instead it will rice to a maximum price before ends of December. If you see the market cap platform the value of bitcoin is simultaneously increasing and the movement of it is faster than before. Even sometime bitcoin experiencing fluctuation of it price but it is normal and regularly happen. But if look the time to time event of bitcoin price movement is its continuously increasing. That why is is impossible to lose it value before ends of December. It will not completely loss its price because bitcoin will only have minor dumps in the market because the people will cash out for the holidays because they will go on a shopping spree for sure because they want to enjoy their profit or money from their hard work in cryptocurrencies. |
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Bitcoin could lead to a new economic revolution in Africa, because there are a lot of reasons people use btc instead of there national currencies. one of the best example is driven by Zimbabwe https://news.bitcoin.com/after-mugabe-zimbabwe-pushes-bitcoin-to-17875/where each btc is traded more than 60% in the rest of the world. Maybe next satoshi will be a citizen from an african country  Zimbabwe is one of the countries that using bitcoin more often that their national currency because of the more potential of bitcoin rather than their sinking currency. If bitcoin will be 100% implemented in Zimbabwe, i think that their country can be saved by just working and saving bitcoin. |
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This is really necessary because with bitcoin you will have a good future if you will just save bitcoin and keep it for long term because based on the predictions, the price of bitcoin might go up to 100,000 USD in the year of 2020 or maybe 2021. I am now saving bitcoin and keeping and also hoping that it will be good for the next years.
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Bitcoin is still a good investment even the price is high because it might expensive for you but if you will compare the price right now for the next ten years then you can realize that it is better to buy right now rather than buy bitcoin after ten years. So if you want to have a long term investment which have a high potential that it can grow up to 10 times then invest in bitcoin.
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It would be a bold statement if we are calling Bitcoin immortal but sadly, Bitcoin will not be a dominant cryptocurrency all the time in next 100 years. There are some good alt-coins but their concept is different from the concept of Bitcoin, ETH supports smart contracts so I do see a dominance in A.I and I.O.T sector to automate the payment process whereas XRP is a Banker's Bitcoin where the company is looking to keep it stable for a long time. However, considering the current scenario, I don't see Bitcoin's death in at least 10 to 20 years from now.
I agree with you. Bitcoin will have its own time in the future because we all know that as the time goes by, there is a lot of altcoins or other types of coin that is like the mushroom that keeps on popping up. Bitcoin will be dominant for maybe the few incoming years but overall, it is just temporary and we can't still predict the future of it for about 50 years from now. |
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I do not believe it, bitcoin can not be a reason for people to commit crimes and I think the crime always existed before the existence of this bitcoin.
That is true, the crimes are already existing even before the bitcoin come in our world. Bitcoin is a really great cryptocurrency and a lot of people are using it for good like they are using bitcoin as a source of income and also an investment but in terms of crimes, i don't think that bitcoin has a lot to do with that. |
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I am not taxed on bitcoin and that is why i am sticking with this opportunity and that is why i leave my job because when i am in my job, my salary is being taxed which is already a loss for me to continue working there and right now, even though i am earning or making a lot of money, the government still not taxing me.
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What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?
I've never actually experienced anything like this before, I just want to be prepared when it happened to me.
I think the best thing to do with them is to leave them alone. The thing is most people are stubborn to give time to know bitcoin. Some are even so reluctant that they immediately judge how bitcoin and it’s whole system works. We just have to let themsevels realize what they are missing. I think you do not have to bother making people who do not like bitcoin to be interested. you know bitcoin spreads automatically from various sources and you do not have to overly force someone to know and love bitcoin. let them know about bitcoin themselves That is true, that is what we should do in order to not bother them again and to not pissed them off. If we are just going to let them be what they wanted to be and to let them speak out their opinions then that is the best. Bitcoin is not like the networking business that you need to convince and try hard to make someone like it because the time can only tell if they will be going to like bitcoin or not. |
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Using social media to introduce bitcoin to other people is a good idea. But if there are not open to new ideas and just want to earn and earn but not to learn, then they have zero chance to thrive in this world.
Social media will be a great tool for us to promote bitcoin and expect some returns by attracting more people to get into bitcoin. We can also use the social media to promote our self understandings about the different things. Since the people have a lot of social media account and a lot of or almost all the people in the world are now connected through social media then it will be a great tool to make things happen for us. |
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This looks interesting and good thing to do in the future, becuase i think bitcoin will grow and grow because btc is increasing very fast, now if you invest and save for the future of your childrens i think it will be a good way to do, and it will help your future in the financial status of your life and your childs life
We should all concerned about preparing our children's future, I think bitcoin will help us to secure their financial needs and saving by now will definitely securing them and giving them much wealthier life in this coming years, I really love learning bitcoin and so thankful that I was able to save some now for my children. You should be really strict on your savings because we are talking here about the future of the children. I am also thankful that there is bitcoin because even though i don't have children yet, i am already saving and preparing for the future of my future children because i know that it is better to be prepared rather than not so if the emergencies will come then i am fully prepared to face those kind of problem. |
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Bitcoin is a virtual currency It's more common with PayPal than with dollars or gold. I really do not call it until it is widely accepted as payment for products and services.
Dollar currency, not money. Money can be a coin and vice versa, but they are not quite the same thing and are not fully interchangable. And law is disciplined, thier is not the meaning, by very definition. Gold, in our modern world, is still money, though it is not a coin.
Bitcoin is like the paypal because it is an option to do payments through the use of the internet but it is not a money because it is now on the side of being an investment because if you will use it as a money then you will be dealing with the expensive fees and almost traffic network of bitcoin because sometimes it takes almost a day before you completely send or received bitcoin. |
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Maybe 5 years ago many people have doubts that bitcoin investments can make millionaires, but now everything is real because many new rich people, and I'm sure someday we will become a new millionaire if dare to invest bitcoin now.
Those who really believed in bitcoin are pays off their effort and patience to wait for this moment for their bitcoin investment but it is not late because if you know how to have a lot of patience in investing then you can just invest right now and wait for a few years before checking your investment again because the price of bitcoin might go up even further. |
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I think it can't be replaced , unless it starts failing but blockchain wont let this to happen that's why it is decentralized.Aside, bitcoin performed well on the past 4 years up to now so there's no reason for bitcoin to be replaced. But if and only if it fails , i see ethereum as the next crypto trend as it valued for about $500, and easy to use like bitcoin.
Everything has its own end and so does bitcoin. When the bitcoin comes to its end where all the people are already leaving bitcoin because of its bad characteristics then it will not be a good option to stay and it will be replaced by another cryptocurrency that might be the best replacement for bitcoin which can continue the era of cryptocurrencies. |
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I feel it is not important for my child, I do not want to take a big risk if he made a big mistake. He'd better learn something else and that's a hobby and a job he likes.
When he grew up he must have known for himself.
I guess there is some other people doesn't agree that bitcoin will teach to kids but for me, I guess its good for kids to learn this for them to know how to save in their young age. But its good for them too to learn something that they really wanted, we cant force them to follow us on what we always said. So in my opinion, its good for them but if they dont want this then we cant force them to do this. We must teach them step by step but I guess right now, Its easy for them because of the use of technology. It is a bad idea to teach "kids" how to use bitcoin because it is not the best time for them to learn how to use bitcoin because bitcoin is complicated for their age and it will need a lot of time to be able to fully understand the technology and how things work in bitcoin so for me, it is better to wait for the kids to grow in the form of state that they are mentally prepared. |
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Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
Yes, because they can be a threat in their banking industry. Bitcoin performs excellent in the public market which many company see’s their fast growth and potential to dominate in the whole world. They don't completely fear the cryptocurrencies because they know that they have the last laugh in this game because if they want to make the cryptocurrencies disappear then they can just tell or go to the governments that cryptocurrencies are getting into a bigger threat for them and because of that, it will make the government tighten the regulation. |
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What if all the rich people come together and buy most of the BITCOINS can this lead to the control of power again in the hands of few.
the businessman can be the owner of the bitcoin market and if they do this, they can control the price but I don't think that they can because the market does not depend on them. the market is work because buy and order and even they have the power to control, they still difficult to do this, because bitcoin user is not just them. many of bitcoin user don't want to be controlled by some people or some groups. No matter who it is or what it is, there is no chance for any people or organization to be the owner of the bitcoin market because the bitcoin market is all about being decentralized and that decentralization gives freedom to the people in different places to buy and sell bitcoin without having issues or problems because there is no people or organization that dictating them. |
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We should really not worry for the falling price of bitcoin because that is all normal and common kind of scenario that is happening in bitcoin. If the price of bitcoin is falling down then just grab a lot of it to be able to save money and get a lot of bitcoin for a cheap deal price.
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People are advance and they want to make money if they are jobless they can even work at home through using of computer. Bitcoin is profitable and we hold it for making investment in the digital market as the fiat money is less using for huge transaction within a couple of minutes and that’s why it will good for future to be the part of the crypto world.
Bitcoin is really profitable in almost all aspects, from holding bitcoin for long term can give you a lot of profit and also in trading or shorting bitcoin can still give you a lot of profit and that is why people are being attracted to bitcoin because anything in bitcoin can give you profit either you are an investor or trader you can still make money. |
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Why use Bitcoins ?
I keep seeing threads on “why don't people” ? The real question to me is Why would they ?
-The average consumer will go way out of their way to save money. Bitcoins cost more.
-The average consumer will usually pay a little extra to have convenience. Bitcoin is less convenience and more hoops and complications.
I just cannot see any reason for the average consumer to use Bitcoins. Until average consumers start using Bitcoins they will just be an experiment and a small speculative bubble.
I have my personal reasons, I am interested Bitcoins them as a tech person, speculative investor and person that follows evolving treads and markets. I am just struggling to see any.. benefits for the average consumer at this stage.
Greed, pure and simple. or at least "profit motivation". It used to be a lot harder to purchase bitcoins. besides lbc, you usually had to wait a few days to get your coins, when the price was even more volatile that it is currently. now its pretty much instant, and hassle free (coinbase integrates with ones bank account easier than I can send funds to an exchange to trade real stocks). I think that because of this very convenient liquidity, more folks are able to get in and attempt to chase the dragon. before, you had to understand the ecosystem in order to operate. now, and this is a good thing, we have made such steps toward user friendliness that its approachable enough for even grandma to buy some coins  It is really an advantage to get in touch with bitcoin because the opportunity to make more money with bitcoin is just simple because you just need to buy bitcoin and keep it as a long term investment and after a few years then you can see your earnings that are bigger than the usual investment which is the result of the price appreciation of bitcoin. |
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Everything would possible. I think bitcoin could end up like Yahoo after all. But maybe it can last longer than what its previous does. Anyway, I'm still think that time will be occur when the last block of bitcoin has mined (the time every unit of bitcoin has mined) because till that time, miner will think about changing their earning method to another way and lower mining power day by day till it die.
The miners can still earn and make profits if they will continue to support the network of bitcoin by confirming different kind of transaction in the blockchain technology of bitcoin because the miners are really necessary in the network in order to make the life of bitcoin still goes on. Bitcoin will not end up like yahoo because bitcoin is really on a great progress and i believed that it will continue. |
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