$1,000 is a very significant amount. You can invest in more than one currency with that amount, although I want the major portion of the funds to be used for investment in Bitcoin. Apart from Bitcoin, you can also invest in Bitcoin Cash, Ethereum, Cardano and NEO. And you can decide about the proportion for each currency.
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I don't want a rapid recovery, as far as the crypto-market is concerned. A lot of non-serious users have joined the crypto bandwagon, and many of these people want 10x profits in a month or two. Such people needs to be weeded out. For that purpose, it is necessary that the crypto prices stay depressed for the next 2-3 years.
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Ethereum is the best out of these three options, but you should also look in to some of the other altcoins out there. Two that comes to my mind right now are NEO and Cardano. They are being described as the Ethereum of China and the Ethereum of Japan (respectively). They have huge potential for growth.
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ETH has risen too fast during the past 4 weeks. Its exchange rate against the BTC has increased by close to 100% and the same against USD has increased by even further. I would still say that it is OK to invest in Ethereum, but you should be very cautious and set up well-defined stop loss and profit-booking targets.
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if they do not pay taxes then the citizens will not get the services that will be provided by the government and the merchants enjoy it by paying for themselves. school is one of the services provided by the government and the teacher is paid by the taxes we spend and many others are paid by our taxes. Where I live, the schools and hospitals are not free and most of them are operated by private entities. The government do provide some infrastructural facilities such as roads, but it will be wrong to say that the majority of the tax money is being used for such purposes.
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In countries such as India and Indonesia, the Bitcoin users need to fear the government. The authorities are doing whatever they can, in order to harass the users. They are sending tax invoices to anyone whom they suspect of dealing in Bitcoin and they are freezing bank accounts owned by Bitcoin users and exchanges.
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There is no need to shut up anyone who hates Bitcoins. I go by the logic that any sort of publicity is going to be good for the crypto-currency. So even those who hate Bitcoins are indirectly promoting the coin by talking out against it.
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I believe that the pace of the price rise in bitcoins is likely to be slower during 2018 as the attention shifts to the altcoins. At least I hope global trend will continue in the future.
Too early to say that. It is true that the Bitcoin market dominance has come down to 36% (which is close to the all-time lows), but a number of the altcoins are also showing weaknesses. ETH is facing tough competition from NEO and ADA, while Ripple is drawing a lot of flak for its association with the establishment.
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As long as the number of users and the demand is rising, the exchange rate should also move upwards. And as far as I can see, we are still a long way from hitting a ceiling as far as the user-base is concerned.
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It is showing a lot of resistance between $9,500 and $9,990 per coin. Also, we should remember that the Mt Gox trustee is dumping the coins under his control on a regular basis. If BTC manages to cross the $10K level despite all these obstacles, then it will be a great achievement.
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Bitcoin keep on falling down and no sign of raising. How long can we keep holding?
Bitcoin is ideal for medium-term and long-term investment, i.e you can hold it for 3 to 5 years. On the other hand, the established altcoins such as Ethereum and Monero can be held for up to 36 months. That said, I would never advice holding smaller alts for more than 12 months.
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Selecting one out of the thousands of bounties is going to be a herculean task. And there is no thread available here in Bitcointalk, to compare various bounties side-by-side. You need to take the decision yourself.
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If I were a Venezuelan resident, then I'd never trade with any of these exchanges. This just makes it more easier for Maduro and his government to seize your coins. It will be better for the Venezuelans to use foreign exchanges such as Wex.nz and Kraken.
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The reason why Bitcoin is so volatile is due to the presence of so many day-traders. The trading volume is quite high when compared to the available supply and this makes the asset more unstable. In future, Bitcoin may get more stable if more people opt for long-term holding.
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One of the flaws is that you have to pay transaction fees even for small transactions. This makes it impractical to use for offline transactions as cash comes with no such fees.
Are you sure that physical cash doesn't comes with a transaction fee? In my country, you need to pay the bank a small amount as fee, to withdraw cash through the ATM machines. Also, there is the constant threat of some pickpocket stealing your money.
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The mainstream media always highlight the association of criminals with Bitcoin. But I find it inconclusive. IMO, the worst criminals in this world happens to be the politicians. Very few of them use Bitcoins, as per my knowledge.
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Someone without basic computer knowledge and exposure to finance may find Bitcoin a little bit complex. But there are so many video tutorials available in YouTube, which explains everything to the noobs perfectly.
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The market has realized most of these coins are worth nothing and the promoters have no intention of developing the ecosystems
I read somewhere that more than 10,000 different altcoins and tokens have been created till now, and the vast majority of them came to existence during the last 2 years. I don't think that any more than 1% of them are worth investing in.
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It is a great suggestion... but I really doubt whether the ICO promoters would be willing to pay 0.5% to 1% of their revenues to the bounty hunters. I am sure that 90% of them will oppose this move.
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Ya, that's true but Government should solve this problem an create a Solution to stop this.
The government can resolve this issue by legalizing the soft-drugs such as weed and LSD. It is the prohibition, which is fueling the rise of drug cartels and illegal drugs smuggling. Apart from that, the government should stay away from crypto.
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