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Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?
In fact, there are many reasons for this market development. Including, you need to take into account the financial correction - after a rapid price increase, the prices should have decreased over time. Such a temporary decline has frightened some investors, who began to sell their coins in a panic. Developments in the cryptocurrency sector pertaining to merchant adoption, institutionalization of cryptocurrencies, and technical breakthroughs can have a significant impact on the cryptocurrency exchange market. |
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A bank is a fund-raising organization from which you send money. From there, your money will be invested in businesses to profit, or lend. You send as much money, the bank as "love" you. And even more extensive life insurance, it works just like a bank. That is why you often see banks and life insurance linked together.
Banks basically make money by lending money at rates higher than the cost of the money they lend. More specifically, banks collect interest on loans and interest payments from the debt securities they own, and pay interest on deposits. |
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The existence of negative news about bitcoin that can affect the decline in bitcoin prices, supply and demand can also affect the price of bitcoin. If bidding is more than demand, the price of bitcoin will drop and if demand is more than bidding, the price of bitcoin will rise.
Yeah it happens when a lot of people says bad about anything so it affect the market t value and the price of that specific object, so does happen to bitcoin, it is not good to let such thing effect our income, the other thing is panic selling, it makes price low, most of time sharks and manipulating whales use to sell at panic just to make the price down and then again they buy at cheap price so never sell at panic, it could be a way to trap your profit and this act of you will make price down. Because everything moves so quickly, words and opinions have significant effects on the price of Bitcoin.if a major news source reports that the price of Bitcoin is headed upward, investors rush to buy BTC, which then causes the price to move upward.The same can be true of negative press. |
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I think Fiat currencies is what we really need because It helps to run this world. Othewise, if we use digital currency as an official currency, the government can not control digital currency, I think it could harm to the economy system in someway
I do not agree with you because when the governments regularize crypto they will hold the transactions and will keep a record of all transactions from their country. But till date fiat currency is essential for the economy and cryptocurrency will take long time to take place of fiat currency. The economy will be better with the use of cryptocurrency. The reality is that the need for an eventual replacement of current money systems is inevitable. That statement isn’t a promise to Bitcoin hopefuls, or a threat to existing institutions. It’s just an observation from a glimpse into the evolution of money. |
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I think even if bitcoin os losing value ,but it does not surprise ,because the characteristics of bitcoin and cryptocurrency is so volatile ,this makes cryptos moving in the marketplace and the price vslue is not stable and always changing , we just continue to work and wait for the right time to sell our tokens or coins.
Every single time Bitcoin tends to lose value. A sharp dip in both USD and BTC value tends to have such an effect in fairly quick succession.There are still some interesting developments taking place behind the scenes which may cause things to turn around fairly soon, depending on what happens to Bitcoin. |
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Hello,
Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?
I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
It is true that altcoins and bitcoins are similar in many ways but the fact that without bitcoin there will never be altcoins so most people would still prefer having the prominent one or the foundation because it still the most reliable. and with the many bitcoin enthusiasts also that to increase prices is also faster and bitcoin is a good investment place in the long run For Bitcoin’s proponents, the surge is evidence that it on its way to challenging established currencies like the US dollar, payment systems like PayPal, or stores of value like gold. |
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Many people express different types of bitcoin. Someone says Bitcoin is not a currency. Again someone says that Bitcoin is only a bubble, it will never be universally recognized. Some countries have banned Bitcoins so that illegal activities will not be increased in the country. Because some of time bitcoin use for terror works.Some people say that investment in bitcoin is not profitable. There are some other such complaints about Bitcoin. But the funny thing is that even though there are so many complaints, Bitcoin has become popular all day around the world. I think we need to change our mind about bitcoin's.  Really, people's complaints about Bitcoin are correct? Bitcoin itself will change your opinion about it, as bitcoin itself is strong in this and can easily prove that it is not just so he stood on the top currency and kept there for a long time. Bitcoin is going to stay here, in the long run, owing to its high technology, security features, faster transaction time and cost-effectiveness. Gone are the days when people had to wait for days for bank transfers and pay a commensurate transaction fee. |
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ICOs mostly has been funded with Ethereum not Bitcoin, and their crypto sales for fiat could affect Ethereum in some way, but I don't see any way how they could affect Bitcoin.
An ICO advisory firm has released a study showing over 80% of ICO projects were scams. This definition included projects that didn’t follow their roadmap or were deemed to be scams by community members.Market has lost over $500 billion of its market cap this year.This also affects the Bitcoin. |
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because crypto coin bitcoins have very high value, and bitcoin is the first crypto coin that was already popular, the existence of the altcoin is only to cover the limited supply of bitcoin, so until now there will be no coins that can rival the price of bitcoin, so it's not wrong if bitcoin is king of crypto.
Bitcoin was developed as the worldwide payment system, so it can be used anywhere. It has tried to stand as the currency of the world,and Bitcoin is not regulated by any government so while performing transactions,people do not need to have middleman like a bank for performing transactions. |
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Yes, BTC is teh dominant in the Crypto Market.
A key factor in the price of any cryptocurrency is its utility. If you cannot use it for something, be it an investment or for payments, then it would have no or little perceived value. In the case of Bitcoin, it is usable for payments on a reasonably high and ever increasing scale.I think that Bitcoin control the market. |
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Unfortunately in schools and slave universities are planted for factories and corporations, and only the only educational institutions provide basic knowledge in this field .... I expect A healthy market most of the time when people know what is really happening because they know how the code will behave. And if more people are educated then the bitcoin trade will be higher in the coming days. Those who want to owe or can sell their property.
A full understanding of how cryptocurrencies work, which is essential to ensuring its safe and intelligent use by people, requires knowledge that goes beyond what has traditionally been addressed in financial education programming.People should be prepared to deal with a future where cryptocurrencies are a significant part of financial systems. |
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Bitcoin is now in the position in which he should be, he will soon begin to climb up, it's just a matter of time.
I can't tell anything about bitcoin future but i can say since its volatile so it can be up at any moment.. Bear is about to end now and everyone is hopeful. While no one is entirely sure how Bitcoin will continue to spread to the larger financial world, it seems likely that a limited supply of the currency may cause prices to continue to increase. |
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Me that a little hard to believe that America and Russia are the first priority I have always believed that This is the first place to China.
In South Africa, cryptocurrencies are growing in popularity. Google Trends indicates that the highest number of bitcoin searches in the world occur in the Southern African country. |
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Technology is improving and improving is a great dedication to the modern economy. Productivity and quality are improved and the future is widely distributed.
There are hundreds of millions of people around the world—people who are repairing engines, people who are working in retail stores—who are now knowledge workers. Technology is enabling them to work in a much more interesting way than they used to,and this encourages them. |
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It is been almost ten years in existence in the crypto world but the bitcoin is still dominating no matter how many of altcoins will rival the bitcoin's supremacy in the crypto market, as of today there are many altcoins that offer the best feature of what the bitcoin is lacking of but still crypto investors and enthusiast continue to patronize bitcoin. The more altcoins exist the more trading pair opportunity will be for alts-btc coin trading. The more the merrier.
Bitcoin, while it has a lot of close competition from other altcoins is still the leader of the pack. A few altcoins that are popular in the cryptocurrency market are Ether (Ethereum), Litecoin, Dogecoin, Peercoin, Feathercoin, Zetacoin, Novacoin, etc. Ethereum and Litecoin are seen as Bitcoin’s closest competitors. |
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what do you think will happen on bitcoin after several years?
i expect that bitcoin will a more bigger continuities and maybe that we can use bitcoin currency in public like buying in a supermarket cause we alk know that technology in our world was growing in every second that's only what I'm thinking
what about your thoughts?
Bitcoin after several years will grow even more, that is the reason we should not sell our coins immediately in order to have more profit in the future just like how early investors did become rich right now. The future of Bitcoin is significant to anyone who understands the economics and the related technology.Understanding why this is likely for the price of Bitcoin to continue to increase significantly is not difficult. |
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buying bitcoin can be done at any time, but when compared with last year, now is the right time to buy bitcoin, and hold it for a while until the price of bitcoin rises from our purchase price
The beautiful thing is that Bitcoin price always recovers and makes a new higher high! If you hold the long-term strategy, you will have great returns as a result.The best Bitcoin investment strategy is 'Buy and Hold'. |
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In order for NEO to become stronger and the price for it has gone up, it is necessary that the cryptoc market began to grow. Now we see some positive price brackets, I hope this is the beginning of a big growth.
NEO is one of the most promising cryptocurrencies on the market.NEO is playing a very smart game, creating their own 'Smart Economy' slowly but surely. |
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Hello bro and sis, can recommend me some new altcoins, which you think are great project can invest some when their ICO and earn triple or double  It was too hard to find to those altcoins that we think can double the price or to triple. But just try to invest to those altcoins in the top in the CMC ill think they can make double price but it comes only a year will happen. u have any altcoin can recommend? At current prices, Litecoin is stable and encouragingly, Litecoin prices are trending above $50, our main support line.Drives LTC prices above $65 and towards $70 would no doubt form the building blocks reversing this eight-month strong bear trend. |
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In fact, gold is an object that can be touched and felt but in the world of digital economy the flagship is bitcoin and its potential is much greater than that of any other currency or human precious metal !
The physical nature of gold makes it hugely inefficient for global transactions. And this is why bitcoin is important! It is the first currency in the world that is both decentralized and digital. It is more reliably scarce than gold and more private and transactionally efficient than "modern" digital banking. This is why people are excited about bitcoin, it has the potential to be completely revolutionize money. |
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