It is impossible to indicate which is the factor causing the drop of bitcoin. From my understanding bitcoin being a digital asset without a physical backing is easily into manipulation. Such thing is used in the right way by the whales shattering the price moves upon their own requirements.
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Patience is a must to be successful through cryptocurrency. People were much focused upon earning good through cryptocurrency and the same drives them forward towards new things. Here some get lucky to educate themselves while people who are in emergency never think about it.
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No doubt in it, that's the fact. Till date there is no other digital asset that has gained the importance as well the trust of people in terms of growth. More we hold more will be the profiting which is universally accepted and the same is continuously happening.
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Most of the time the predictions will be outlawed by the reality. Same is happening with the present market scenario. It is predicted to grow above $10000 by this time. But, to the reality now we're at the edge of $7000. Hope the market retains enabling growth.
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To make the country economically better, it is a must to abolish poverty. When this is possible, automatically the country as well the world will grow economically. I believe in the future this will happen as more and more governments were much focused on making their country out of poverty.
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Before making an investment into bitcoin, user needs to make himself knowledged about bitcoin as well the way it is functioning. Another thing the user should know to have patience which is a must to profit through the investment. If not, it is important to know about trading to make the earning using the variation between time.
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Selling tokens is a simple process, the only thing thing need to be learned is to transfer the tokens from the wallet from MEW or some other wallet to the particular exchange. Different wallets and different exchanges have varied accessing possibilities. Then it is same as that we make trade on the exchanges.
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The price increase is just a factor that helps in validating the growth achieved over time. From my understanding more the adoption along with more companies beginning to accept bitcoin is growth. Similar growth is taking place and this will continue making more better years.
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If that's the case what you can do is move to a country that provides the legal acceptance of bitcoin. Or else find trusted friends around the world and make your needs fulfilled through them as your country won't accept any kind of transaction happening related to bitcoin.
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There is limitation based on the exchange chosen for the trading need. That too doesn't seem to be a big amount, even there are exchanges that operate with the transaction fee that is levied upon each transaction made between trades.
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Fear of government is common thing, because if they come with plans that bitcoin is banned within the country. Then, all the efforts that has been made to earn as well the real money invested upon the same goes unused. In some countries, people were punished which is the reason for the fear and this will change as countries start providing support for Cryptocurrency.
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The cryptocurrency network is speculative, based upon the same there will be some impact upon the growth of bitcoin. Internet plays a major role in everyday life and now cryptocurrency getting more popularity makes internet usage more. In future blockchain will serve as the backing for internet.
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By 2018 we'll experience a good price increase that will take the price higher than the price reached in the past marking the ath. For the same to be attained, what we're experiencing at present is still a beginning. The hope we have over it will drive us towards the end to benefit out of it.
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Yes bitcoin poses a threat to banks. As banks are one of the most powerful organizations in the world, they are continuously putting on pressure on government to ban it.
Bankers are thinking that in the nearly future, Bitcoin could push banks away from their jobs and stealing jobs of banks because it's more advance with the new technology and noone can cheat it or create the corruptions due to the blockchain system. Banks might have got such a thinking looking at the growth of bitcoin, but in reality this is not a threat. This has lead to a competitive and healthy growth. Banks will function in the right manner, and bitcoin will serve as the alternative to the banking needs fulfilling the necessity of common people.
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Before the end of the third quarter of the year we can expect the price of ethereum to cross the $1000 mark, when this happens the price rally to cross the past ath within few weeks time. Hope those days were much closer than that of the predicted time period.
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Price manipulation over bitcoin and other digital currencies were true. We cannot conclude that the entire market is manipulated, to some extent the whales move their assets and try to manipulate the price. Maybe the manipulation from whales contribute around 2-5% overall.
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This year more ico projects have been getting developed, but very few grew high profiting the investors. Last year the scenario was different, most of the ICO projects succeeded along with the price pumping of bitcoin and Ethereum. Hope, by the falling months the ICO projects will begin to pump higher.
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Op has given a description about the declining trend of bitcoin from the ath. Now to his prediction the growing trend has begun, soon it needs to be written in the opposite manner as we have crossed $9500 days back and now in the urge to cross with corrective fluctuations making the price drop low to the value around $9200.
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Learn about the security and keep all your holdings and the assets in a much secure manner possible. Next is the risk associated with the market compared to the commodity or stocks. Have a continued analysis about the market which is must with the cryptocurrency to get the good out of the same.
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Gambling is good and makes a good impact upon one's life when it is used understanding the limitations. Because out of excitement most of the users get into addiction and loss all that they earned little by little. Through gambling I learned much, and luck plays a big role in gambling.
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