I am sharing the news not for any FUD.
you are doing neither of these! you just made an statement without proof. that is not even a FUD Rather I want to indicate the popularity and acceptance of crypto among mass people.
this has nothing to do with popularity or acceptance of cryptos. it just shows that there are a lot of scammers in altcoins and there are a lot of gambling newbies who are throwing their money away.
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there is absolutely no ban on cryptocurrencies in India, i don't know why you put the word "ban" in your title.
there has been a lot of FUD in the media and a lot of discussion in the Indian government to decide what they should do about cryptocurrencies and their fast growth and adoption of bitcoin in India. one proposal was to ban it altogether which nobody agreed with and now another proposal is to regulate them and add a big tax for them which is still not passed as law.
nobody knows what will happen eventually yet.
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I also feel that it's about to end soon. Haven't remember such a long red line for a while. Recent ETH dump is confirming my theory, people wait for prices to go up
recent ETH dump shows that there are currently a lot of whales exiting etherum for some reason, possibly fear of its future due to all the ICO bans. and also they are followed by a lot of newbies who see their losses are huge now and want to dump to prevent bigger losses.
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define a fully decentralized system? then explain why bitcoin doesn't satisfy that definition.
bitcoin is the most decentralized system that you can find and hope for. there is little room left for improvement and all the third party centralized services such as exchanges, payment processors, gambling sites, shops,... has nothing to do with the fact that bitcoin is decentralized.
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although all falls are not unnatural but this current downtrend that we have been experiencing doesn't exactly categorize as the most natural market movement ever! there are things that can not be explained about the current trend. many illogical drops/dumps that happened in the recent past and could only be described as manipulation.
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Remember the Pizza guy!
this is exactly why we are seeing drops this big and hard. it is because you misunderstood the pizza guy. you are one of those people who will panic sell soon because you bought bitcoin dreaming that you will become rich and now your dream is getting farther away from you. the pizza guy has bitcoin because he sees it as a currency not a way to get rich.
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that in my opinion is a whole new level of absurd! you want to invest in bitcoin and get the big profit that you can but at the same time you want to be insured and not lose any more if things didn't go your way! if there is legit insurance they should charge anyone that wants it something like $10000 per bitcoin they own!
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Hey everyone, How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
There is no relation between the bitcoin and altcoins price but bitcoin price highly impacts the other crypto currency prices too.Because most of the people buying coins when the bitcoin increases the other coins also increase this shows that people uses bitcoin price as a sign of crypto investment. if altcoins go down when bitcoin goes down, it means there IS a relation between bitcoin price and altcoin prices! additionally the drop part is already proven multiple times. and we all know the dumps will happen right away as bitcoin drops but the rise part has never been proven. when bitcoin is in a bull mode and is rising there will be pumps in the altcoin market but it is never all over the market. instead in only a bunch of them at a time.
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it is funny that how many people in speculation board and even on news sites like the one OP quoted are talking without bothering enough to do some research. they love to make a guess and increase the drama.
all who say miners are losing money, how do you explain the constant increase in the hashing power which means increase in number of miners? it must be more than profitable for them to increase!
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it will not "kill" your computer. because the access that it has is limited through your browser and it can only use your hardware to some extent not to their full potential and never overclocked. so in other words it is somewhat like you playing a heavy game that takes a lot out of your system. and if you close your browser it will simply stop.
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Didn't know that China is friendly to blockchain
no country in the world has ever been un-friendly to the technology (aka blockchain). they all love it because it is the technology behind bitcoin not bitcoin itself and the technology can be used in any way that you want. also China has never been as unfriendly as the media portrays them towards bitcoin either. there has been a lot of false news changing the view of people against Chinese but the reality is that they never done anything that any other country wouldn't have done such as banning ICOs or closing shady exchanges.
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staying long inside USDT is never a good idea. you should always treat this altcoin with extreme caution.
as for bitcoin price and anything else, if you can't speculate the market it is awlays best to stay out which means going back to fiat or USD if you want and then jump back in whenever you felt like the bear market is over.
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there has been a lot of adoption happening in Africa for over a year now and like any other place that has this kind of adoption there is always a lot of services starting up in their country. i am glad to see them moving forward with bitcoin this fast and smooth. it is like the developed countries are the only ones that are too slow in adoption of bitcoin for some reason!
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the more ICOs are created and the more scammers see they can raise bigger amounts the more we will see scam projects. everyone loves free money and this market with all the newbies inside that are giving their money willingly to scammers is attracting all those scammers from around the world. it is like a big welcome sign that is telling them "we will give you money because we are dumb". who doesn't like that?
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Maybe they think that there isn't much room for appreciation for the bounty tokens. There will be more room for appreciation of the tokens invested in Ethereum or other excellent cryptocurrencies, so as to obtain greater profits, I think this is also a kind of Good method.
it is not about appreciation of the rewards or anything like that. it is all about having experience and knowing what you are dealing with. it is pretty simple actually, everyone knows that when you give people free money they will dump it to get it out. so an experience player will do it much faster than anyone else and dumps first to get the best price possible before the newbies and panic sellers come in and crash the price. you say "there is room for them to rise" but that doesn't change the fact that they initially will get dumped hard without exception. if you really think they will rise then sell first and then buy back even more when it is at the bottom of the dip!
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another dumb attempt by OP to try and spread something that he thinks is FUD but it is just a laughable topic that doesn't even make any sense. and this only proves once again how newbish OP is that he thinks attempts like this can affect the bitcoin price
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i think his statement does not intend to affect the market
people like Woz don't make statements to affect the market so you are right about the intention but nobody cares about what they intend to do, the media is always loving this kind of things. they change the statements and make them in any way they like to affect the market since it is still pretty impressionable.
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there is no "bull run" in the immediate future so we can not say it is "near". right now we are once again in a bear market with the latest drops and because of that we need a much longer time to see a proper consolidation and also the transition between a bear market and a bull market never happens over night. that will also take time.
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what are the reasons for this price collapse?
there was never a "price collapse", there has always been pump and dumps. like any other shitcoin which was created by forking bitcoin, bitcoin gold doesn't have any reason to exist either. what you see as the drop is just the inevitable reality that all of these forked coins and all the rest of useless shitcoins out there will face sooner or later. traders won't hang around in an speculative asset forever. they will dump and move on.
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