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Longer time hodlers of bitcoin never panick with the present or current price of bitcoin due to the fact that it is a future investment, nowadays people trade bitcoin to make profit and dump causing more harm to it, however the correction being experienced by bitcoin presently is not new to old investors hence they keep on Hodling and kept faith in it as a future assets.
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Hi Guys
From one week ago, i saw the marketcap is decrease..So i would like to know your opinion that you are still trading or investing crypto currency in this time (Christmas time, new year time)...or you will withdraw cryto currency to usd and come back in Jan 2018.
Thanks so much
Usually I step aside in trading during Christmas and new year period due to low volatility, usually at this particular time of the year the market liquidity is low, market is at the lowest peak, this has been affecting the price of bitcoin because of dumping and exchanging btc to fiat and this is also happen in spot forex, after holidays the market will pick up then trading mode will be activated. |
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Hodling my bitcoin is the best option for me now irrespective of whatever dip or correction taking place presently some of school of thought opinionated that it was due to Christmas dump, personally I observed the behavior of bitcoin whenever there is a correction, bitcoin always recover in leaps and bound. e.g during the Chinese clamped down on some exchanges it affected the price of bitcoin dropping low thereafter bitcoin recovered.
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Bitcoin is dropping! what to expect?! https://www.bloomberg.com/…/bitcoin-drops-as-south-korea-sa… I found this very interesting article on the web, check it out and let me know what you think  It is not surprising to seeing the price of bitcoin dropping it has been on correction several days ago having hit a support at $12500+ meanwhile closure of some exchanges in south Korea has no impact on the price of bitcoin, China did it some few months ago there was just a little impact on the price of bitcoin. We are expecting a hardfork in few hours to come so definitely the price will rise again. |
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Both segwit2x and lightning network will resolve the scalability issue of bitcoin, although segwit2x will offers upgrading of capacity to 2MB, it is more preferable to lightning Network because LN is more centralized rather than decentralized due to the fact that it has to be registered as transmission of money in countries like USA where it is going to be subjected to regulations as against the the main feature of bitcoin which of course is decentralization.
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Hi,
It seems BTC is going to crash again. When compare the btc charts in the last several years, it is common to crash in late Dec and January. Is that happening again? According to the price action, btc dump possible at this time. Keep watch btc.
Bitcoin has started gaining momentum due to upcoming fundamentals therefore correction is over as more people investors are capitalizing on the drop and buying massively, I think for now there is no more crash, the price is expected to form a new highest high maybe in 2018 as speculated breaking the previous highest high of $20K+. |
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I took up the responsibility of donating some money obtained from the little bitcoin I have earned from services offered here to some needy people around my surroundings, I believed we should always spread the hand of helping those poor ones around us too because it is by the grace of God that the opportunity of earning came our ways.
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Was that merely just a correction in the first place? I was, and I still am very much amazed at how everything can be so high then one moment it will all go down so deep to the point of you seeing yourself drown. I do not ever want that to happen again hence I am putting off some of my Bitcoin investments to hold rather than trading them. I literally almost lost all my Bitcoins because of what happened. I did not see such a huge fall to take place in just a matter of days. Hoping for better days ahead by the end of 2017 and even more.
Well that is how trading could be a very risky venture, imagine within a span of few days when the price of bitcoin fells (corrections) sending fears to investors and holders meanwhile a lot people also dump it, maybe exchanged to fiat for Christmas celebrations. However presently the price of bitcoin has started gaining momentum to raise and presently at $16K+. |
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While I don't have many posts. I got involved in Bitcoin in 2013 and joined this forum in 2014. While I do not consider myself wealthy from Bitcoin yet. I do have an idea of how I would like to direct some of this new found wealth. I think most of the people who got involved early got involved for the right reasons. IE: To change the world and move humanity out of the control of the bankers. I am concerned that the new people coming may only be in to make money. I hope I am wrong, I really want this technology to be a force of good in the world and deliver economic freedom to the masses and the unbanked. My hope is everyone who was early, has some idea in mind that will help others. Maybe help your family, or a charity that you think isn't wasting money, or building a community swimming pool etc. If you have a lot of money think big and how you can change the world for the better. This is our chance!
The core or the main objective of bitcoin is to emancipates people from the control of banks but as you rightly said majority of people now are in bitcoin to earn money, yes everybody needs money but the wealthy should endeavor to assist the society or community with funds for development so as encourage more people to join the world of cryptocurrencies. |
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With the bitcoin value sky rocketing, have faucets become useful and worth the time spent now?
And not only bitcoin faucets but altcoin faucets too, I think with such high value of every coin in terms of dollars, faucets can no longer be considered as a wastage of time.
What do you think?
Increase in the price of bitcoin has invariably resulted to decrease in the amount of satoshi earned while working on faucets, personally I viewed faucets as a starting point for a newbie in earning bitcoin although it is regarded as a time consuming venture. It is always good to start from that aspect of earning bitcoin. |
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One of the distinct feature of Cryptos over spot forex is it's volatility personally I have traded both Cryptos and spot forex having spotted the differences.
Trading Cryptocurrencies especially bitcoin always defies most working strategies that works efficiently in forex due to it's volatile nature, therefore Cryptos will continually be volatile even without any fundamentals.
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2017 was the year full of drama and forks for bitcoin.
I understand Lightning Network probably come out in late 2018.
Will 2018 be like 2017 for bitcoin, what can we expect?
There is one hardfork coming up on 28 December scheduled to take place in block 501451 all is now set for increment of block size to 4mb and increasing production time to 2.5 minutes hence one more drama for bitcoin before the end of 2017. |
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This is a detail article on the rise and fall of bitcoin, by BBC tech correspondent he gave a vivid explanation how bitcoin have been faring as regards the price and people response to bitcoin in 2017. http://www.bbc.com/news/technology-42454876 |
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Bitcoin has ended it's corrections after many days the price has rejected the support at $12K+ to $13K+ therefore this is the most appropriate time to start buying there is also an upcoming segwit2x hardfork (B2X) which will invariably push up the price, presently the price has risen to $14K+ this is a signal to the price has started gaining momentum.
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In the next year ETH will overtake BTC as the number 1 cryptocurrency. I would unload your bitcoin while you still can.
It is absolutely impossible for ethereum to overtake bitcoin because ethereum is featured more on smart contract while bitcoin is money thus many poor countries e.g Zimbabwe has started adopting bitcoin as a currency, More so bitcoin has a powerful computer network that cannot be hacked and well secured while ethereum is more on contract people will rather invest on a more secured platform. |
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Purely technical, I would expect prices to dip to $10,500ish once more before it trades sideways and then starts going up again.
I do not have funds to buy more BTC or altcoins, so I hope it just goes straight up but this is what I see, trading stocks with technical analysis for many years.
The sideways or ranging of the price indicates that bitcoin has hit a support at $12K+ having been on correction in the past few days ago. Hopefully with the upcoming segwit2x (B2X) on December 28th there is tendency that the price of bitcoin will begin to rise again. |
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The upcoming hardfork segwit2x is coming to solve delayed and unconfirmed transactions on blockchain (scalability issues) according to a reliable source. This issues has to be tackled once for all by increasing network capacity, the formation of B2X altcoin is also a welcome development but increment of the block to 4MB and production rate of 2.5 minutes implementing the function of the complex nature of each block should address those issues. |
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Insurepal has adopted blockchain technology to transform insurance industry in line with the global insurance policy.
They are going to provide a customer friendly mobile device (dAPP) having been assembled an experienced team of experts.
Insurepal has come to stay with a well defined project, I am imploring every investors to invest in the upcoming sales of token bill for January 16, 2018.
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Over thanksgiving we saw a pretty serious run-up, some theories state it was because of all the talking of bitcoin over thanksgiving dinner made people go home and buy. Do you think we could see the same as an effect of Christmas?
Christmas is prosperous. Celebrating the birthday of god. We should be thank that we have a life, we woke up every-day.. And because of it we have to thank that we have a life that we continually still using the bitcoin world. I quite agreed with you, we have to be thankful to God for Christmas irrespective of whether the price of bitcoin is falling or not, of course a lot of bitcoin investors must have exchanged to fiat so as to use the money to buy gifts, stuffs and donating to the less priviledge to enjoy their Christmas and Thanksgiving. This is a globally celebrations that has really impacted on the price of bitcoin nevertheless let us enjoy our Christmas with the good tidings of it. |
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Which do you think is more likely to happen?
Despite negative reports in the falling price of bitcoin by some media just to set in fears and panicks to new investors to dump bitcoin I don' t think the price can go below $8K there are staunch investors who will never sell or dump or will continue to hodl against any backdrop whether the price is dropping or not I belief the price will pick up after the Christmas period. |
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