Government regulation is good and at the same time could be bad, meaning it would be already legal and also rules is really needed in cryptocurrency which could help remove scams, however, it could be bad because crypto now is controlled by the government and may decrease potential profits.
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It depends on country and your exchange, in my when I send fiat due to change into BTC i must write that it is investment. So after "successful" investment I will must pay some taxes. So for example the first part of paying is when u exchange FIAT into BTC, and then propably if you get an income from your investment.
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I think bitcoin is the face of digital currency. When you meet someone and you want to tell them about digital currency you must first mention bitcoin. You cannot mention all coins, but at least the history will be traced to bitcoin. So even if it never scales it will be a great store of value, people will buy it then exchanges it with other crypto particularly ethereum or dash that is if they want a faster transaction.
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It is undeniable that bitcoin mining will consume energy consumption. Although, the amount of energy used is still far from the total amount of electrical energy used in the world today. But the reality is that Bitcoin mining does require electricity, this will indirectly also affect the currency and the environment. From the level of energy consumption that has taken place in Bitcoin mining today, many hopes will be able to reduce the level of energy consumption.
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Each user were speculating in a positive manner believing that bitcoin will grow and get out of the bloodbath. Quite often it looks like a recovery, but in no time once again the price fall happens taking the price of bitcoin along with altcoins fall low in value which also leads to the fall of the entire capital.
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Well as you can see, Bitcoin has been around more than all the altcoins which makes it a factor for it being more chose than the others. Also, Bitcoin has been the safest investment in the entire cryptocurrency space compared to other coins that have been created. Not only that, Bitcoin also has been use all over the world to transact money for all kinds of services or Bitcoin to fiat.
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Yeah it seems like the bull for the crypto market price has already made a sign that it will start soon and it is still the best time to buy for more crypto if you are planning to invest. It is because market price for now is not that high and earning huge profit is still possible. So what are you waiting for get now your crypto and be part of the bitcoin or crypto bull run.
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I think this question is quite rhetorical because bitcoin has proven ever since it was generated to be the digital currency with the highest value. Now talking about control of the market, bitcoin dominates all the other altcoins and its supremacy overshadows any coin that you can think of.
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I agree with many guys! I personally never guess what will happen to the course bitcoin! bitcoin is very unstable, and it's hard to guess what the price will be! it depends very much on the news. It also depends very much on how big players will behave themselves, they will buy or sell a large volume!
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Yes,human stupidity can affect the movement of the market like for example: spreading negative news about bitcoin,those who are still planning to invest will be discourage that they might just lost their money f they invest btc or they will sell their bitcoin in a wrong timing because they are afraid of losing their investment.
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Bitcoin being a bubble would greatly depend on its investors. If we hold on to our coins and we don't panic sell at dips but actually buy more. We can stabilize the price of Bitcoin and may in fact be a viable univesal currency that we all dream, then we can not call bitcoin as a bubble anymore. I just hope we can do this as a group.
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Well since you talk about the popularity of bitcoin, I think that it is the reason why bitcoin price are increasing. Why? Since many countries reached the popularity of bitcoin it has a big possibility of having many investors coming from that different countries. And because of the investments of the investors it will increase the fund of bitcoin as well as the price of it.
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It will be the good news for the bitcoin traders , including myself.When the price of bitcoin is expected to raise more,the price of bitcoin transaction fee will reduced.Either way it is good for business as it encourages consumer spending wherever it is available.
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Despite the fact that the issue of regulation has long been the main one on the agenda, there is not yet a single system that would allow the development of legal cryptography. Basically, operations performed with bitcoin are defined in different countries in different ways, which significantly complicates market regulation.
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Even the opium poppy offer great benefits if used in the right way. But people tended to exploit it for bad things like drugs, which resulted in a ban from all governments. The situation is similar to Bitcoin. If it continues to be misused without solutions, the ban from government may not be something impossible.
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Select both is a good thing, if we have big finances then putting money into many places of investment is a good thing, and now there are many options for investments that make us selective, and the presence of bitcoin can be a great choice to make money growing faster.
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As of now i may say that i do not have that profit you are refering to.Bitcoin is too low for now that i do not even have a single profit from it.But still i try to cope up with the value of bitcoin after all its really the characteristic of bitcoin to whether go up or down.
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Because there are certainly inexperienced people in the cryptocurrency world,some whales capitalize on that and shake the market to cause fear and panic in people so that they sell out of fear.The whales then buy them cheap,hold and sell at a high profit which gives them a lot of profit.So I will call it making others rich as well as dumping prices.
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Can not the current banking system use more electricity than Bitcoin. Proof of work does not necessarily mean "wasted" electricity - important for security - but does not pretend electricity is not used. Miners are increasingly adopting alternative energy sources to exploit to limit the environmental impact of bitcoins. Like mining and other sources of energy generate radiation.
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Bitcoin is a currency that has always struggled to break into the mainstream. This will place even more pressure on legislators to come up with comprehensive plans for regulating a new asset class.There are partnerships already using the blockchain in financials and remittances and its a matter of time or some are in testing phase already, we will seeing its implementation.
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