Bitcoin usually drops when any government or higher authority enforces law against this digital currency.But thats just temporary.Also in future bitcoin price will drop for these kinds of laws and after that it will reach new ATH.Its the strategy.
Yes, you are right. But I don't think the past fall in bitcoin price was related to such things. It was just a correction which happened after price had risen very much.
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Bitcoin price is always volatile. Sometimes it rises and sometimes it drops. It will fall again. But it might happen after it reaches to much higher prices. I think it's better to not hesitate now and buy bitcoin now because the price rise has just started and it will continue. There is a high possibility that even after the next price fall, it will be higher than the current price.
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Better to see the price chart first and then post.
Time you posted: 3:21 pm (UTC) - November 14
Bitcoin price when you posted (according to coinmarketcap): $6500
Bitcoin price at November 12, 23:00 (UTC ): $5700
The correction has finished and the price is not falling. It's rising.
Current price: $6630
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If it happens, it will be a very big problem. Now there are a lot of unconfirmed transactions that caused the fee to be very high. Now consider that people in China are banned from mining. What will happen if we lose them?
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With the current network condition what is happening to your transaction is normal. There are a lot of transaction with higher fees that have not confirmed even in more than 12 hours. Now there are 90000 unconfirmed transactions.
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Problem in mining is what I've always been worried about. But I don't think it's normal now. It's really strange. Because this happened as soon as the fork was cancelled.
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When bitcoin goes up, Alts go down.
When bitcoin goes down, Alts go down.
When Bitcoin price is stable flat line then Alts prices go in the green.
Seems that it's completely true. I expected altcoins price to rise after segwit2x cancellation. But after a little bit of increase in altcoins prices, they are dropping again even more than bitcoin.
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I think what is happening is completely normal. Now after Segwit2x cancellation everything has back to normal and all of us know that these fluctuations are inevitable. One day bitcoin price rises and another day drops. We have experienced these price falls several times. In long-term the price will definitely rise.
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The purpose of creating bitcoin was not things such as eliminating unemployment. Bitcoin is only a decentralized payment system which wants to eliminates all of the intermediaries. People must do other jobs and get paid with bitcoin instead of cash. using Bitcoin is not a job.
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Actually I have just posted on a thread recently about "Why Cash is better than Bitcoins", and I included there that majority of the ordinary people nowadays will say cash is better than bitcoin because it is what we use in our daily lives. Right now, people who are already using bitcoins can now see its benefits that users can get and they might have a conclusion that bitcoin is better than cash.
Majority of the ordinary people say that cash is better than bitcoin, because they don't know what bitcoin is. Whenever a new technology comes in, most people do not like it and it includes bitcoin. Every one knows Bitcoin has a different opinion.
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I don't think so and I expect even higher prices than current price in coming days. Now there are a lot of bitcoin holders that really believe it. They no longer panic after such news. They hold bitcoins and cause the price to rise very much.
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The price right now is playing wild it is really hard to determine whether it is a drop or a rise, this is very unpredictable right now because segwit halt the Hard Fork the hodling had stop too, I think we need to stay put and wait for the price to settle down it's movement, it is very hard to determine right now if it's gonna sky rocket or Drop.
Yes, too unpredictable. What is happening now is really weird. The price reached 7800 dollar and then fell to 7200 dollar in a few minutes. I expected a panic selling and also selling by those who had held their coins because of receiving Bitcoin Segwit2x. But that didn't happen. And now wee see the price has increased to 7300 dollar. It is really difficult for me to decide what to do in this unpredictable market.
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Very difficult to speculate what will happen in short-term. There is a high possibility that many people who have held their bitcoins till now, Sell their coins as there is no longer any Bitcoin Segwit2x.
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Now that segwix2 has been cancelled bitcoin can trade without any fork manipulating the price. Bitcoin still has increase in price to come although there may be a temporary decrease.
Yes, But I think it's better to wait till everything is back to normal. Now trading is so risky as no one knows what will happen. Soon bitcoin price will become more stable and we will see the real price.
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It's difficult to convince people to do it. I think most of people including current bitcoin holders didn't invest in cryptocurrecencies as soon as they heard about it. I personally didn't invested in Bitcoin once I heard about it. But I think we are responsible for our family and friends. We should talk with them about Bitcoin.
Till now I have told some of my friends about bitcoin. None of them were convinced.
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I don't think it's a problem. There is no need all of the people investing in Bitcoin know completely the technology behind it. Everyday you are using mobile, Internet, Television and any other technologies. Do you know completely how they work? There is no need. You just use them. People you mentioned are using their talent and making some profit and they are also making bitcoin more popular. They are helping Bitcoin to attract more people and they are getting their reward too. What's the problem?
By the way, those people don't leave the school, their education or their job. Most of them are living like before and just spend some of their time on cryptocurrencies. And better you don't change your life.
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Nobody is no longer surprised at seeing high prices. As there are nearly 20 days left till the fork, the demand will increase more and more and prices much more than 8000 dollar are reachable. The price rise will also continue after the coming fork.
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That will be bad bad thing for the bitcoin. India always having a large market. it will be a dent to bitcoin. Nope. India is a fledgling market in Bitcoin. Even if the government takes such action, it won't affect Bitcoins global price. If Bitcoin can shake off China's ban, then this will be just a pin prick. I agree with you that India won't ban Bitcoin. But I don't agree with your other statement. I think there are lots of people in India dealing with Bitcoin. There is a large community that can affect the Bitcoin.
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My greatest fear is what happened in China and people are banned from using Bitcoin, happens in my country and I am not able to trade Bitcoin with fiat.
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As far as I know there is no official announcement till now. There are only some rumors with no source. But I personally think that China will lets the citizens to use Bitcoin. They want to legalize it.
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