The decision to buy on the dip, is the one thing that differentiate the good trader from the inexperienced trader. An inexperience trader will shy away from trades in a scenario where the stock or currency are losing value, but a good trader will analyze the data and look for the stock or currency with recovery potential and then invest whilst the stock or currency is cheaper to buy. We are dealing with a lot of newbie traders, who might be inexperienced and they are afraid to take risks in a market that are not performing. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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Nobody can accurately answer this question in all honesty, because the Bitcoin price is not predictable. The people making predictions like this are most probably heavily invested in Bitcoin and wants to manipulate people into buying more coins to inflate the price in their favor. Bitcoin is also a global technology that are influenced by global factors and this makes it very unpredictable. also, do not go on previous price behavior, because Bitcoin does not follow a set price pattern. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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You refer to Fiat money as "real money" and that is a slap in the face of most Bitcoiners on this forum. What makes it real? I can buy physical and digital items with my BTC without any problems, so Bitcoin is very real to me. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Just open an account at a local Bank in the country where you are working now and link it to a local exchange and then sell the bitcoins. Then you do not have to deal with all the "capital control" nonsense. <Just transfer the BTC and then sell it.> Or ask a friendly local to do it for you.
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I just want to wish all of the Freebitco.in people a prosperous 2019. I hope we will see the new site in this year and that we would finally get rid of all the bots.
Freebitco.in has been a part of my life for many years now and it feels like it has become part of my life now. I cannot go one day without accessing the site and also browsing this thread for the latest news.
Let's have great 2019!!!
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I hope Bitcoin Cash would increase in value, so that I can finally dump all the BCash I got for free from the forks. I did sell a lot of them and I bought more Bitcoin, but I held out on selling all of them, because I was hoping to make some bigger profits from the remaining coins. I want to be BCash free by the end of 2019 and I want to buy a lot more bitcoins than I own at the moment. Have some expensive Champagne on the fall of BCash and the rise of the real Bitcoin <BTC>
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Large capital injections will also cause a lot of volatility and uncertainty in the Bitcoin scene, so the next pump might be big, but the dump or correction might even be bigger, once these institutional investors start dumping their investments. You have to remember that these institutional investors are not the same as Bitcoin hoarders that believe in this technology. They want to make quick profits and huge returns on their investments and they could care less about the technology. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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What's going to happen if Coinbase accumulates 51% of all Bitcoins?
Exchanges does not own the coins that are deposited on their sites. Most people say, "Not your private key, not your coins" but regulated exchanges like Coinbase will never do a exit scam with people's coins, because they are making millions off the trades of these coins over time and they have to adhere to stringent regulations to operate the business. They will lose a lot, if they run with the coins.
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These kind of actions are the thing that triggers over protective regulations from the government regulators. I am glad the authorities are taking counter action against these scrupulous projects and this must send a strong message to the other projects that are trying to use these underhanded marketing tactics. We will see a lot more than this in 2019, because the regulators are catching up now.
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The most accurate global average price are the combined average of the most exchanges. We have had several instances where local Bitcoin prices were much higher or lower on local exchanges in some countries, compare to other countries.
At one stage the demand was very high in Venezuela and people were paying premium prices for bitcoins at their local exchanges and the same thing happened in Zimbabwe.
Just take the average price of your local exchange prices to get a accurate average of what the best price would be in your country.
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To be fair, most of these countries are not against Bitcoin, but rather against scam ICOs and/or Pump n dump Alt coins. They have a obligation towards their citizens to protect them against technologies and projects that might exploit them. There are some countries that are protecting their local economy and reserve currency and even some corrupt governments that wants to prevent technology to give people 100% financial freedom and anonymity.
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The post rules were brought in to make things organized and to create a pleasurable experience for everyone. People will not stay around if the forum was chaotic and unmoderated. I have joined unorganized forums before and I did not stay for a long time. The merit was brought in to reduce spam and to create a good environment for everyone to be productive. This forum is successful because this place is moderated and properly organized. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Think long-term and base your investment decisions on that and not on the short-term changes in the price. This is definitely a buyers market now, because we have seen the bottom of the price now. If you miss out on this opportunity, you will not reap the bigger rewards when the price recover again.
What goes down, must go up again. We see this with stocks and all other commodities and Bitcoin follows the same pattern. <Just with a lot more volatility>
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A lot of people might differ with my analysis but the overall long-term gains or profit is much higher than any traditional investment. We are still seeing a upward price movement when we look at the long term graph and this is still much better than traditional investment returns. If you sold some coins in 2017, you would have made a 800% profit in that year and that profit should cover at least 20+ years of interest that you would have received on normal investments.
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Bitcoin was developed by Satoshi to serve as an alternative payment network to the centralized solutions that are being exploited in the past. The Banks and centralized payment networks abused their monopoly and Bitcoin was supposed to replace them, but it did not work out exactly like it was planned. These centralized entities has managed to infiltrate Bitcoin too and it destroys Satoshi's vision for this technology.
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What choice do we have? The math has shown that Block size upgrades are surely not the solution for the scaling problems, when Bitcoin goes mainstream. The LN is surely a better off-chain second layer solution for all these micro transactions that are clogging the Blockchain. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) The on-chain solutions will be a good temporary solution, but once this goes mainstream, it will all fall apart. We saw this happening in 2017 and we were not even close to mainstream adoption then. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Nope, most people get their bonus in the festive season and some of them are wise enough not to spend it all on holidays and Xmas gifts, so some of them spend it on Bitcoin investments and this is why you see a rally in the price in December. December 2017 was a exception, because that spike was not as a direct result of any bonusses being spend on Bitcoin investments, but rather price manipulation from a bunch of whales and speculators.
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The strongest proof we have is the history of previous fiat currencies. The stronger currencies in the third world last the longest, but they governments that are behind these currencies is just a little bit smarter in the manipulation of these currencies than the people in the third world countries. The debt situation on which these currencies are build, is the foundation of their inevitable collapse. It takes longer for them to collapse, but they will fail sooner or later. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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This is the advice that I always give to "new" investors, when I introduce Bitcoin to them for the first time. They should start with a small investment to get a feel for the technology and then as they get accustomed to the basic principle and use of the technology, then they can invest more. A lot of people make the mistake to start with a bang and to go big too early and they are the people who lose the most money on scams and fake wallets or storing coins without proper security. <2FA enabled> Understand the supportive services and distinguishing what is good and what is bad first and then go bigger. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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The Japanese government is a lot more open-minded than most of the other countries in the world. They were the first government to accept Bitcoin as a currency, when other countries defined Bitcoin as a commodity. Now they approve self-regulation with a currency that has the potential to be used for money laundering and also criminal activities and capital flight. We should applaud them for this and support them in this endeavor. Create mechanisms that would help to prevent this and also counter measures to catch the criminals that misuse this technology.
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The common response from people on this forum is to check the PGP signature from the official site, before you do any updates, but most people do not even know what it is and how to look for it. They will have to find a way to prevent people from downloading any software from phishing sites, without making it too difficult to spot the phising site from the original <legit> source. The average user have difficulty with the most basic concepts, so why would they not struggle with complex concepts like this? The developers always over engineer the software and it goes over the heads of most basic users. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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