Some countries in the southeast asia allowed the hse of bitcoin in some business like sending money to a remittance, the bitcoin you will going to send is automatically converted to fiat. Other stores, mostly online, are also accepting payment in bitcoin but the has't yet legalized or regulated the cryptocurrency. The reactions of this countries in allowing the cryptocurrencies in their land are varied but majority of them imposed no ban on cryptocurrencies and allowed their citizens to use it.
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My mother and I had a talk about bitcoin last December 2017 or January 2018, the time where bitcoin is on its ATH. She predicted it will not go up beyond $20,000. Do you still think it will reach again its ATH?
Your may be right if she talking about this year's price of the bitcoin. The market is mostly bearish for the past several months when the bitcoin started it continuous downtrend last january. It will take some time again before bitcoin reach another price of all-time high. There is also no assurance of ATH this year even if the ETF is approved befoe the year end.
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One of the best strategy in crypto investment is diversification but jwill be limited to few altcoins thaf are sure to give you profits. Some altcoins are good for long investment but you should research them first before buying them. Other way to diversify is when you go outside of the crypto world to invest in offline businesses, forex or stockmarket.
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Cryptocurrencies is said to be the future of the payment system where transactions are all digitized. They are made to represent the future of digital currency and eventually they will also lead when the cashless transactions is fully implemented. Many cryptocurrencies and tokens may be developed but only few them will survive in the future. The well-developed coins will survive and become the major currencies that will be use globally.
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I have been hodling and gathering a lot of altcoins for the past couple of months because i believe we will eventually leave the bear market, it is a risk i am sure will pay off soon
Bull market is still possible before this year ends but it still on some factors that might come in the days ahead. To make bull market happen, it need some positive developments like the possible approval of bitcoin ETF or some big investors that will go on crypto buying binges. Many coins are poised to go up in this last quarter of the year but the incoming holiday seasons may again dampen the growth of many coins because of profit-taking.
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Maybe it won't happen, because most of the altcoins follows the price of bitcoin so their prices depend on it. To crush bitcoinm the altcoin should a high degree of independence and also should match the popularity of the bitcoin. Its price should not be dependent on bitcoin and will go up whatevet the prevailibg price in market.
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What is your recommendation for Crypto trading, Day trading or HODL Experience in crypto trading big loser or winner
If you want fasfer profit then try daytrading but you need to a skillful trader before doing this because it is more risky. Daytrading is good for those who not employed because a lot of time for this trading. To those who are employed, it is better cryptocurrencies and hold it for some time till their price go up. You dkn't need to monitor your coins often but you need a lot of patience in long term investment.
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Majority of the world's population uses fiat and government are not inclined to eliminate fiat because it is vital to their ecknomy and financial stability. Bitcoin and other cryptocurrencies will only replace fiat if the whole world turn to virtual currency as their new mode of transaction or payment. Fiat and cryptocurrencies can always co exist without eliminating the other currency and people will decide in which currency they will going to use.
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Probably no. This year, although worse than the previous one, but the market is slowly recovering and soon the price will again rise.
I believe that the cryptocurrency market will not totally red this year but generally bearish ibstead. There some weeks that the market is in uptrend but it is mostly down in mang weeks. There is still no assurance if the cryptocurrencies will stage a strong recovery next month because the factors that make a price to go up is still not there.
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The current market situation is quite discouraging, and this bearish market has dragged on for quite a while. But strong currencies like BTC, ETH would eventually bounce back, and rise in a more favorable market.
I agree with you sir, bitcoin and ethereum are solid cryptocurrencies that can be relied in time of bearish market because they've been proven to bounce back even after a prolonged price downtrend. These two virtual currencies are more fit for long term investment along with some top coins in the market. Bearish market are still part of the cycle so there's no reason to discourage because they will recover later.
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There are some forums that offers a variety of ICOs but bitcointalk is still the best site to find some legitimate and well-managed ICOs. After finding an ICO that you like to invest, you should put a extra time to research your chosen ICO, although it is not a guarantee for a better result, it still the best weapon to find the best and legit ICO that is worth-investing.
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I've been looking for the return of bull market and I think I'm ready for it in case it will happen again. This year's cryptocurrency market is mostly bearish with bitcoin going down below $6000 before rising back to $7000 again. There are still no indications that the bulls are coming and the present price of bitcoin might still go down in the coming days. There may be a change of prices in the coming month of September but nobody know if the changes will be positive or negative.
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Majority of the banks don't like decentralized cryptocurrency and they will likely reject bitcoin as main currency in their transactions. Some banks had chose ripple because it designed for banking and most of all, it is a centralized virtual currency suitable for any banking purposes. But bitcoin will remain to be the top cryptocurrency without any help from the banks because its already widely used globally.
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The value of Bitcoin is rising again, can we expect a significant jump in Bitcoin value by the end of the year?
The price of the bitcoin might jump before the year end but not significant like last year (2017) because the needed factors to start the price surge is still absent. This present uptrend is not yet the start of the bullish market because it's only temporary and it may go down again in the coming days. Investors ard still catious and waiting for positive developments in the crypto world before putting their money again in the market.
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Watching the price of your bitcoin while it is going down is really stressful especially when you are still new in the cryptocurrency investment or trading. Even if you invested a money that you are prepared to lose, it still give you stress unless you fully accepted that cryptocurrency is really risky and chances of earning a big profit is slim. To limit stress, avoid looking at the chart to often during price downtrend and always remind yourself that there is a time for recovery and avoid using your emotion during trading.
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If majority of the governments in the world legalized bitcoin as one their legal tender and businesses accepted it then there is a possibility that a virtual currency would become a global currency. But they to deal with the high volatility and rapid fluctuation on bitcoin and economy might hurt if it suffer a crash. Cryptocurrencies exist only in the internet and are useful in cashless transactions so in the future, a cashless society will finally emerge with bitcoin as their main currency.
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The function of ryptocurrencies will only come to an end if investors or buyers decides not to buy them anymore but that would be impossible to happen because crypto investors keep coming to buy more coins. The survival of cryptocurrencies depend also on their market demands, some coins got delisted in the exchanges because nobody is buying them. I agree also about being a master of our ship but a greater master, like the whales, are the ones who mostly steer the crypto ship in their own favored destination.
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As of now, I still can't see any cryptocurrency that could replace bitcoin someday, maybe it will take a lot of years before one of the existing coins will eventually succeed in overtaking the top coin. Bitcoin's present price and market capitalization are still difficult to reach and it need a lot of bullruns before matching it. The would-be new king must also match the popularity of bitcoin that its presently enjoying now.
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Cryptocurrency for me is a new kind of technology that took internet and the financial world like a storm. It's new kind of currency that could change the way we transact money in the future and many people can benefitted by its ability to go up and provide profits by just holding it.
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How can I earn cash without investing? Can I earn a thousand dollars without investing or buying first?
Bounty campaign has been the source of earnings by many of the members and no investment is needed to join any campaign. Since it is an online forum, you still need to invest some cash for internet provider unless you have an access to other internet source. To have a fruitful bounty campaign, you should do a research first and find if the bounty is legitimate to avoid scams.
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