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Btctalk name: gabbie2010
Rank: Full member
Current post count: 598+1
BTC Adddress: 3LtWp99ruKMScM2HXsM8FJ2LoLcPtsp4Rg
Wear appropriate signature: Yes
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Bitcoin is not an instant way to get rich because for someone to be rich such a person must work hard in whatever field he or she find himself, there is no short cut to success and richness someone has to climb or overcome so many obstacles or barriers to be rich.
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I has purchased so many stuffs with my earnings from bitcoin and this has prompted some people to start asking me where I got the money I used for the purchase, I told them categorically I made my money from bitcoin this had also made some suspicion among some people thinking that I was involved in internet scams I have to convinced them how I was making my money by showing them evidences and proofs e.g showing my btc wallet with all the sent and received transactions.
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I was happy seening bitcoin breaking resistance level of around $4000 trading area. This is another sign that we have resume another upward movement in bitcoin pricing. This momentum should be sustain in other for us to be able to break $5000 level. For those that invest around $2,987 last week can now be happy on their investment.
Bitcoin could not break the resistance around $4000 the price kept on reversing towards a support around $3800 it kept on consolidating in that region from my own point of view based on fundamental analysis it think it is China ban on exchanges was the major cause of bitcoin price not being able to break the resistance at $4000. |
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Obviously there is positive indication that bitcoin is going to rise, presently it is at 4K+ it has been ranging or consolidating at 3K+ few days ago I am very optimistic that very soon it will rise up as anticipated, clamped down on exchanges by China cannot hinder the price going upward because there are other users of bitcoin globally.
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Although China may have a considerable number of bitcoin users, holder and traders that should not mean they should put other global users into ransome, there are positive indication that bitcoin had defeated China, people has the belief that without the Chinese bitcoin we can push up the price with more countries adopting bitcoin especially other Asian countries will try to counter Chinese policy on bitcoin.
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China clamping down on exchanges can only have a minimal effect on the price of bitcoin, despite all the actions taken by the Chinese government the price of bitcoin never fell below $3000 I am very optimistic that after all these brouhaha the price of bitcoin is going to pick up and journey northward again this is based on the fact that more countries are going to adopt bitcoin which will invariably increase the number of users.
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I can live comfortable in a country were bitcoin is the official currency be as it may I will ensure that I exchanges my bitcoin to fiat on regular basis to curb or most minimize it's instability, there are times when the prices go upward it will be to our benefit also when the price goes down as being experienced presently then it's to our disadvantage we just have to take and move on.
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Your parents are trying to guide you against perpetuating in internet scam which is widely common among the youths, you need to educate and convince them about what you are actually doing on the internet is legal I am very sure if you are a trusted guy they wouldn't have raise an eyebrow.
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I bought brand new android phone worth $100 with my signature campaigns earning this had made it easier for me to always be online in this forum, and I am very determined to work harder so as to earn more and use it for more important purposes.
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From my own point of view China is clamping down or closing down some of their exchanges were cases of illegality has been taking place which prompted many Chinese traders to sell off their bitcoin which invariably brings down the prices of bitcoin globally, China cannot ban bitcoin because it has no control over it they can only regulate it.
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My biggest regret about bitcoin is that I ignored my first attempt in knowing about bitcoin some few years a go I was just browsing the internet when I bounced on faucet paying sites that pays in huge satoshis I was very sceptical that it could be a scam in fact I got many faucets paying sites in my gmail I ignored, if all those satoshis had been claimed by me and stored in a wallet I would have been rich now.
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Whether we like it or not China has a large market of bitcoin whatever action taken by the Chinese government will have drastic effect on the price of bitcoin which is obviously what we are experiencing presently intact the price had defied all technical analysis, be as it may, bitcoin has come to stay I hope the price does not go below 3k and when all those Chinese traders sold all their coins there will stability in the price of bitcoin.
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::)There are have been several attempt to copy or imitate this forum but none of them was successful I visited so many forums like bountyportal, icodiscuss e.t.c they cannot match all the information that can be obtained from this forum in fact I do not see any reason to visit any other forum beside bitcointalk because there are so many comments to read here.
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Bitcoin had started heading back to $4K I think it will recover from China's ban on exchanges and I hope the volatility and momentum of bitcoin will makes it to reach a favourable destination in a few days to come warding off all these negative speculations of it getting to $2500.
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China leaving cryptocurrencies world the better, whether China leaves or not bitcoin has come to stay there decision can only have minimal effect on the price of bitcoin thereafter bitcoin will bounce back, sometimes a go China banned Facebook and other sites does that really affects Facebook? No let forget about China banning exchanges and I am very optimistic more countries will adopt bitcoin.
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Btctalk name: gabbie2010
Rank: Full member
Current post count: 570+1
BTC Adddress: 3LtWp99ruKMScM2HXsM8FJ2LoLcPtsp4Rg
Wear appropriate signature: Yes
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