I guess that nobody on this forum predicted yesterday's price drop from around 8000 to around 7550 USD. So many people here were riding the bull wave and thought "OMG,the price is going to skyrocket". Last week's price rise was a"dead cat bounce" and the bear market will continue untill the winter. The idea of predicting prices using the "wisdom of the crowd" is ridiculous. The crowd doesn't have wisdom. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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The US pension funds will never buy bitcoin or any other crypto because: 1.They are restricted by the regulations. 2.They know that cryptocurrenices are too risky,the crypto markets are manipulated by the whales and 90% of all ICOs are scams. The only way to solve this "pension hole" is the Federal Reserve to print 5 trillion USD. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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We all in the crypto community hate governments and banks,but we all (or atleast most of us) want to abide by the laws.Laws are created to make nations more organized and civilized.If the government regulations regarding crypto are fair and good for the community and the industry,there's nothing wrong in supporting them.If the regulations are bad,nobody in the crypto world will abide by those rules. Does it make sense to you now?
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$884 million dollars per one bitcoin is possible only if some hyperinflation disaster happens in the USA. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I thought that this guy is talking about 884 billion USD total market cap of bitcoin,which is way more doable. Imagine 20 million bitcoins worth 884 million USD each.How many zeros are that?It`s not possible in relaity.This is just a fantasy.
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I wonder what the hell CME is? It is like a group investment of Bitcoin that bought so many bitcoins and trade it all day?
CME stands for Chicago mercantile exchange.This is the place where all the companies trade the bitcoin futures contracts.Do some google search before asking such questions.Anyway,it`s normal for the futures trading volume to grow,during a price increase.
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The bitcoin price went from 6000 to 8000 USD and all the optimism about the future bitcoin price flooded the crypto world again.We have hundreds of "predictions" by the so called "crypto experts" that the btc price will be 50K,100K,500K or 2M after X amount of time.Where were those predictions last month,when the price was under 6K?Those guys were hiding in a rabit hole back then,now they scream "BUY" all over the place.
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By the way,according to the recent news,Venezuela is printing paper money like crazy.The hyperinflaiton will continue,and the PETRO coin was a joke.Iran is heading to the same hyperinflation road,due to the embargo.A govcoin won`t allow them to bypass the embargo,just like the perto coin didn`t allow Venezuela to bypass the sactions and import goods using their shitty coin.Nobody will trust such gov coin and it`s value will be close to zero.It doesn`t matter if it`s backed by oil or not.
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many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.
Many politicians and clerks in those countries have close relations to the bankers,and the bankers usually hate cryptocurrencies.The gambling industry pays a lot of bribes to the politicians and that`s why gambling isn`t that restricted as crypto.People,who smoke pay more taxes,which unfortunately is good for the governments. I wish the crypto industry could gain the same amount of influence over the politicians as the gambling industry.
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Saving money in a savings account is like putting money in a pocket with holes. Banks only give you interests that are lower than the inflation rate. It‘s how they make money. You are better off investing in ventures (Crypto currency) that give a return higher than the inflation rate.
The average savings account interest reate (yield) is around 0.06% per year. Nobody is that stupid to deposit all his savings in a bank and wait for 35 years to become a millionaire. Returns that are higher than the inflation rate always come with a higher risk.Robert Kiyosaki says that risk is actually the lack or control and knowlegde about your investment. The more knowledge and control you have over your investment,the lower the risk.
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The US economy won`t collapse, if there aren`t any gold stored in Fort Knox. According to Wikipedia: "As of November 2017, Fort Knox holdings are 4,582 metric tons (147.3 million oz. troy), with a market value of over $100 billion. In contrast, the GDP of the United States was $19.4 trillion as of April 2017." This year,the US GDP is more than 20.413 trillion USD. I don`t think that bitcoin popularity will increase ,if the US government has no gold reserves. Nobody cares about that.People are just ignorant.
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Saying that the bull run is over is true and false at the same time. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) 1.The real bull run haven`t started yet.The current price increase is only short term. 2.The article creates a misleading feeling among the newbies that the price might start going gown,so a lot of newbies will refuse to invest in bitcoin and keep waiting for the upcoming bull run.
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OP,you forgot to mention the John Maynard Keynes book in your list.It`s fundamental for the history of economics. Anyway,I prefer self-help books about how to make money,like "Rich dad,poor dad" by Robert Kiyosaki. It simplifies a lot of the financial knowledge and it`s very newbie-friendly.
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Smartphones are the most secure way to store cryptocurrencies untill someone steals your smartphone,or you lose it,or it breaks. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) What happens if some of the above happens?Can the Samsung developers answer this question? I prefer my crypto wallets to be on some other device,with private keys printed and stored in my basement. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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If you want to start mining,you have to answer these questions: 1.Do you have cheap electricity? 2.Do you have the ability to buy/rent cheap real estate? 3.Do you have the money to buy mining hardware/equpment? Crypto trading requires an investment of time and efforts into gaining knowledge about the markets and how to trade.It`s up to you what to choose.
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Everythting is perfect in the US economy.The dollar machine keeps printing and the US debt keeps rising. This growth will create the new Wall Street or real estate bubble and the global financial crysis will appear on the horizon.The US prosperity doesn`t have any influence over bitcoin.USA continue to be an anti-crypto country.
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Gift cards are the best replcament of paper money,I guess. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It would be easier for the people to adopt cryptocurrenices if they combine them with something they are already familiar with-giftcards.This is a pretty clever idea by Wegift and Coinbase.I`m not a big Coinbase fan,but they have a good expansion strategy.
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I would buy 50% bitcoin and 50% ethereum.They both have a big future coming and I don`t wanna focus on only one coin.The more important question,for how long will I hold the coins,after I purchase them?I would say for more than one year.I would cashout the profits,if bitcoin gets 20K USD and ethereum is close to 1500 USD.
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The bitcoin bull run won`t be only 500%.It will be above 1000% and it will not depend on any SEC approvals. OP,you make two mistakes.First mistake,like many other people,you compare bitcoin to gold. Second mistake,the ETF won`t be approved,so don`t spread false optimism.The newbies will gonna be very frustrated after August 16.
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I used Skrill 3 years ago(when buying/selling btc/eth/litecoin wasn`t implemented) and I was disappointed by the low level of customer support and the transaction fees.3 years later,I hope that the Skrill team has done a lot,in order to improve their service.They are the biggest Paypal competitor and they`ve adopted cryptocurrency payments.Paypal should follow their example.
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That's awesome,but who can verify that this information is correct? The daily trading volume by location means nothing.I don`t live in the UK,but I can register an account in some UK based cryptocurrency exchange and trade altcoins. By the way,I`m not surprised that the Seychelles on top of the list.
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