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hopefully you are correct, I am investing a serious amount of money on cryptocurrency hoping that one day I will turn out becoming a wealthy person. I already gained some but I still continue to invest and learn in order to be succesfull on the crypto world.
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Reasons why #Bitcoin is droping:
- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative
This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this
in my opinion that is not the reason why bitcoin price is dropping. maybe a very small favtor I agree but not the main favtor. O thi k what couses the drop of bitcoin is the investors selling there coins and dumping them. With that the demand goes down and the price also goes down. The reason why they sell is because that is how the market works.  |
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what makes bitcoin valuable is the amount of its supply and how many its users is. With the increasing demand in bitcoin its supply still remains the same and by that its price continue to go up. Many users use bitcoin because its much easier to invest and use. Its much faster to transfer and much secure.
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Their are many different things that bitcoin users face. But I think the most common challenges that most of us face is the legality, many country ban bitcoin and because of that we cannot use the full capability of it. Also one of the problem is the ability to adopt by most of us.
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no one actually knows who or /what satoshi nakamoto is. Its a name that emerge when you ask who invented bitcoin. But does he actually the one who made it? maybe satoshi is a a group of individuals or etc. But one thing is for aure. We need to that him/ them for making the revolutionary work they did, whick is bitcoin. Lets just leave them be, because having a lot of maney is also a probem.
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I think its not possible for 1 satoshi to have an equivalent of 1 dollar, but incase it happens then we will all become a bilionare here. with that amount of money. I will quit my job and travel around the world. It would be the happiest day of my life if thag happens. But orcourse it will not! Going back to reality, it wil not happen because we need to put alot of money to the crypto market and makethe price of bitcoin to reach $100 000 000 before 1 satoshi became $1.
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bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price what might be the reason why bitcoin's price is going down? what are the major things that can greatly influence bitcoin? answers would be fully appreciated there are many things that contributes to the increase and decrease of cryptocurrency price in the market, one of which is the number of users/investors on the crypto, When more people invest in crypto, because of its limited supply,its value will increase. But in the past months many of the investors sold their coins. Because some people created fear by publishing fake news that lead the investors to sell their investments. |
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bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price what might be the reason why bitcoin's price is going down? what are the major things that can greatly influence bitcoin? answers would be fully appreciated I think that the drop of price of bitcoin is just normal. In tge market price may suddenly drop or go up depending on the number of investors. Also fake news also contributes on how the price of bitcoin go down. Fake news make people be afraid of bitcoin and they began to panic sell. But I think vitcoin will go back up again and exceed the peak that it reach before |
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There are hundreda of reasosn why bitcoin is valuable. Bitcoin has a good concept that allows everyone to benifit from it. transations are much easier and faster, also because of the algorithms that its using it very safe. but what makes bitcoin so valiable is its limited supply and its enourmous demand in the marjet. In basic economics we study the law of demand ad supply, It states that when a thing has a limited suppy and higher on demand its price will rise. Thats what happening to bitcoin nowadays.
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There are different reasons why we do things generally in life, Cryptocurrency too is not an exemption. Different people have their reasons for involving in Cryptocurrency as a whole. To me, I first heard about Cryptocurrency in 2016 after my adventures with ponzi schemes. The impression I first have was impressive because I was in a good hands then, my mentor was a keen and always ready to help person and he achievement was there to show for it. So I was curious to get started and join the big guns in Cryptocurrency world.
Share your views on the reasons that got you involve in Cryptocurrency and let the newbies learn.
I heared about cryptocurrency when I was still on my first year in college aroung 2013, but I did not start then, and I really regret it. I only got my interent in bitcoin when I was about to graduate on the late 2016 with that I start investing and joining some bounyies. I was also guided by my friends who already started crypto ahead of me. Now I am already earning a decent amount of money to support my needs. |
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bitcoin is important because it has the potential to change the monetary system that we used to use in our daily life. Bitcoin can be used by anyone and anywhere with ease and security with that people can benefit from it. Also bitcoin is important because may people invest there money on it.
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Just wondering, who is accumulating Bitcoin via using it as a method of being paid, so instead of being paid in dollars or any other amount you ask client to pay you via Bitcoin especially merchants and freelancers. I think it is cool to be paid via Bitcoin because it appreciates so its like you can earn twice if you sell high.
Actually here in bitcointalk you can be paid in exchange for your service. There are bounty campaign that offers bitcoin as payment. But I really wanted someday of in the near future that bitcoin can be use to buy products in any place so that transactions will be much easier. You do not need to carry your money on your pocket. |
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Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?
Let me hear it from your own opinions...
Basically when you die and no one knows your private key in bitcoin we will also say goodbye to your bitcoin. That is why I put all the earnings that I get in the bank so in case anything happens to me. My family can be able to gain from it. By the way, I do not hold crypto. whenever I get one I immediately sell it. |
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Hi guys , I read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you should face , and its a win and win bet when you hold bitcoin . So knowing that some people selling their bitcoin I feel so sorry for them.
selling bitcoin is not actually a bad thing!It depends! like me I already gained and I don't wan't to loose more gains, that is why I sell most of my bitcoins then I am going to buy bitcoin again when I think that its price is at the bottom in that way I can earn more. But I believe that there are blessings on those who knows how to wait! |
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Yes it is a good time to invest on bitcoin if you have a plan to hold bitcoin for a long time. Bitcoin already reached $19000 and with that it proves that it has the potential to reach more than that. The only question is when. It you are ready to invest for a long time then I think that it yes it is a good time to buy bitcoin.
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yest maybe holding long term on that time where bitcoin price is still low is a smart move. But right now is I do not know if it is good to invest in bitcoin. Today many people loose there investment in bitcoin when they invested back in December till now. Bitcoin price is continuously going down. I myself loose some investment. I invested in an altcoin then when bitcoin price goes down, it also pull all other crypto down, but at the same time I also gained some when I invested in other crypto. I just don't know what to feel about it.
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according to wikipedia Gambling is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning money or material goods. Gambling thus requires three elements be present: consideration, chance and prize. with that I thibk we can condider trading as a form of gambling
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no one actually knows who created bitcoin. Some said that Its Satoshi Nakamoto! But who is satoshi? What I think is lets just be thankful to whomever create this amazing inovation that contribute to the future development of our monetary system
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Where do you guys get your info from? Like Twitter, PBC, coindesk articles, etc. Always looking for new sources for research there are alot of ways on how you can acquire info. Internet is everywhere all you have to do is click. But if you wanted info from someone experienced you can try posting some questions here in bitcointalk. Also social media is a medium to have knowledge, just join and follow groups that talk about crypto. |
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Of course not!! bitcoin is very much alive. Not because bitcoin price is going down means that it is already dead. Its just how market works, sometimes the price is lo and sometimes the price is high depending how bit the investment in it. In the future I think that bitcoin price will go up and many people will acknowledge it and use it. |
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