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bitcoin has now reached another low at 5800 and many of those that are more educated, have a broader economic understanding beyond IT tech,
know that this kind of speculative cryptocurrency cant be the future.
this forum however is still bitcoin fixed, and there could be a goodupgrade if the altcoin section would be transformed into a serious cryptoeconomic related board.
considering that bitcoin would then crash and start being forgotten like netscape navigator (first browser) this forum might have a future then
regards
Preparing ourselves for the possible future of bitcoin is a good thing. No one knows how exactly bitcoin will be in a couple of years. Let this forum welcome new cryptocurrency that can be a possible new bitcoin in the future.
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Atleast from what I think trading is much better than holding. You can learn much more things when you trade. Your proper timing when entering the market or exiting will be trained. When you only saw the market trend then you will go and start holding.
Instead of holding and just waiting for something to happen you should trade more to better understand the market.
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I think if they join it may cause lots of complexities in their company. They better focus all of their resources to making the company grow even further and stay at the top of smartphone industry.
Dividing their focus to cryptomarket can take their attention in achieving want their true purpose is.
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Probably more publicity and safer transactions. This thing can really help attract new players. Right now the volume of trades going on now is very few compared to what is usually is. This low volume trades will make the market suffer more. Large trades will make the market grow and possibly make a huge turn again to set new highs.
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Though bitcoin have it's own system for its transactions it still function like the stocks in stock market. The price is driven by the demand of the public. The more people who are willing to pay for it will increase it's price. And the less people who want it will contribute to the decrease in it's price.
But even though the two is quite similar studying one of those is still a tedious thing to do. As it requires lots of experience and practice that comes along with the time you are investing in it.
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The most scary things about engaging yourself to a new thing is about the lack of knowledge. People who lacks the basic understanding of how bitcoin truly works will never try investing in it.
What we need to do is to educate everyone not just how good bitcoin can be it is also how can you really profit from it. We increase their knowledge so the chance of getting them in cryptocurrency will also increase.
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The bitcoin price is the reflection of the amount of supply and demand the public is giving. Bank doesn't just print money simply they want to increase the money. They are studying how public demands money also and how they use it. Banks are also regulated on how much money they can print they are just not printing how much they like.
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This is a post that came from bloomberg. The news seems credible since it came from a well known site. The reason why bitcoin price fell is Japan's Financial Services Agency was said to be planning to tell Binance to stop operating without a license. Bitcoin's price felll 4.4 percent to $8,500 because of this news. Binance told Bloomberg News in January that it was working to acquire a license in Japan so there is nothing really to worry about. Binance will surely comply with that since it will also help their exchange be more reputable and legal. Link to the post: https://www.bloomberg.com/news/articles/2018-03-22/bitcoin-falls-after-report-that-binance-faces-warning-in-japan
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If this news hasn't reach you then this is nice to know. South Korea is planning to legalize ICOs but they are weary about new ICOs than can be a Ponzi scheme or scam operations. Local Financial authorities is eyeing to implement strict Know Your Customer and Anti-Money Laundering systems to prevent schemes and scams. They will also include taxation policies for investors. For the link: https://cointelegraph.com/news/why-is-south-korea-planning-to-legalize-icos-again
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Again it would be hard to predict bitcoin because events always seem to come that way too. Example sudden announcements that bitcoin will be banned in some country.
Right now there is no signs of trend going up and bitcoin seems to be falling little by little. It seems to be very uncertain specially we are in the months were prices are typically low. It is hard to decide whether to buy or sell. Maybe bitcoin is just trying to gain momentum again and will peak at december and january again.
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The time that I started to learn bitcoins I was captured by its price and demands in the market. Now that I have explored few more things in cryptocurrency I learned that you have a much better shot if you would invest in altcoins. Imagine if you did invest in the top altcoins when it was in presale only. After a year its price grew more than 1000%. How great it would be if you invested even just $200 and it grew to $200,000. I hope one day I can get to experience that thing.
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With the eyes of the people pointed towards cryptocurrency some people might get angry, envy, and greedy. But also there are also people who want good things to happen they may prevent crypto from making people lose money or help crypto flourish more.
Many companies and government are implementing new rules and regulations. Often it is affecting the prices of token. It is because of the effect that it is giving to the investors. They are afraid losing money when the government suddenly decides to impose very strict laws and regulations to cryptocurrency.
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It can be bad if you didn't do some research and weren't prepared for those situations. Good investors knows that possibility and they fully understand the risks in markets. They do things that can compensate loses if it happens. When you don't fully know what are you doing it can give you detrimental effects. Unless you effortly try to change your thought and expand your knowledge you can't away from those kind of stresses. Our mind needs a sense of security and that can only be gain through the vast experience and abundant knowledge into something. In this link I searched show how bearish market affects us. It also gives reminders about the most known crashes is markets and signs when markets are going to crash. https://www.investitin.com/crypto-bear-market/
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It will be like a typical bank now if bitcoin is centralized. That again can face the problems encountered in banks, longer transaction time and much vulnerable to hacking. The bitcoins blockchain solves all of that. The system is very powerful to prevent hacking since there are lots of nodes should be attacked at once in order to do it.
This tread gave me an idea what if a fiat currency is used in the blockchain instead of issuing token and such. It is decentralized, fast and secure. The problem though since it is fiat currency its price isn't very volatile and subjected to inflation.
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Bitcoin will not die it might have weaken from this few months but it still have the ability to rise up. The people who believe in bitcoin will continue to invest and that will keep the bitcoin from dying. Also since there are other coins that is always paired with bitcoin, their value seems to be attached to bitcoin. When bitcoin price goes up altcoins will also go up and when bitcoin is down altcoins also goes down.
Altcoins also support bitcoins, until they removed their pairing with bitcoin they can't really win against bitcoin. It is like you can't win if your under with someone. First is to separated from the famous coins and build from the bottom.
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BitcoinTalk Username: monchi Starting Post Count (including this one): 11 Current Rank: Newbie BTC Address: 3B5HqYMEDmudURMmFEMu3qr1otPAq6w8t6
I hope to join this challenge. It is a great challenge to get everyone to post in high quality. I will do my best to post only quality post.
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I get really shocked by the way bitcoin price is doing now. It goes up and down within a certain range. It is like we are trapped in the middle of the resistances and supports. Who do you think will win in this market? I wonder what will be trend of bitcoin price to help me when to buy and sell bitcoins.
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BitcoinTalk Username: monchi Starting Post Count (including this one): 11 Current Rank: Newbie BTC Address: 3B5HqYMEDmudURMmFEMu3qr1otPAq6w8t6
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Well that question really struck me. Even though people are thinking that bitcoin can be a payment system you can still lose money when the price suddenly goes down. But for me it is really just to earn. When I join different campaign I will be rewarded for my service( There comes the payment system). Depends to the value of bitcoin will also be your payment in fiat money.
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I think it is because of the volatility of the market. It is very seldom to find stock that changes quickly within a day or even a minute. If you can harness that opportunity you can surely benefit from it by earning lots of money. Real money isn't like that. Our fiat doesn't change fast, well that is good for the economy anyway. We do not want a money that quickly changes, we atleast need to have a currency that is very stable to buy goods and different things.
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