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I don't think people who are investing in Bitcoin doing a wrong thing some times I might not 100% accurate but it is possible that Bitcoins future will be much greater than today even it is struggling with its price at the moment but we need to understand that every investing asset has it own price variations in different time periods and Bitcoin have them too but the variation was much higher in the past couple of years that is why most people did panic selling to avoid further losses but it is clearly gaining its price back slowly so buyers who invest today might make huge profits in the future
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Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud. You buy apple products with thousands of dollars but how much are they really worth? Why would people give out thousands of dollars for a macbook when they can buy a laptop for $300? Is it really worth that much or is it just another ponzi scheme that apple is bringing to the world better gadgets than any other brands? So we're talking about bitcoin now. What are we really paying for when we buy bitcoin? We pay for an online program and the people running the program helping transactions go through, or we call mining. Miners put in so much time and most especially the cost of mining is so much. That is merely the reason why bitcoin will cost much and if incase it will dive too low and will not be enough to pay for miners, then that could be the time bitcoin will die, or not.
People say Bitcoin is not worth for its price tag because it doesn't do anything productive at the moment but if we really imagine what kind of things it can do the price might be much higher than the current price but the sad thing is what ever the intention that Bitcoin was build or created is no working at the moment because it has become an investment asset than a digital currency in today world so its productivity has been limited by greedy people |
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In an economic sense,
An INVESTMENT is the purchase of goods that are not consumed today but are used in the future to create wealth.
In finance
An INVESTMENT is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.
I really don't want to turn these into an economics class but the both definition of what investments are clearly should settle the argument of whether BTC is truly an investment or not.
That is true Bitcoin has truly become an investment so purchase of Bitcoin from exchanges by buyers has been done with one target on mind and that is to sell for a highest price possible after a while imagining and assuming the price will eventually increase by time and the downside of it is no one spend even a little amount during that period for anything which makes even more Bitcoin to fail as a currency and this has been continuing since the beginning no matter with what vision Bitcoin was developed by developers |
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Bitcoin will be fine I do believe that and even it is look like Bitcoin is struggling with it's price to increase most experts in the crypto community guarantee that Bitcoin will overcome every obstacle it has during this year so this might be the year that Bitcoin starts its journey properly to win over the world as a global currency
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Yes many want us to panic and they do strange things to do that until they gain more income among hackers and other criminals market manipulators are common thee days in the crypto market which is a bad news for the future of the crypto market and also it makes other traders in difficult situations because no one can truly understand what information should be trusted and what to ignore before they sell there currencies
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Yes Bitcoin price is decreasing Due to some but considerable negative effects happened in last period such as , Government restrictions against Bitcoin, Banning, Criminal activities using Bitcoin, Panic token holders and other false rumors that made ridicules accusations against Bitcoin but no one can say exactly like above that Bitcoin will end
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Sadly no one can deny the fact that even Bitcoin is a currency it has become an investment in the current marketing system and many openly address Bitcoin as an investment and I think they might even doesn't know it is an currency. But it is good or bad most business individuals was attracted to Bitcoin in past period to invest which may be seems like bad because they only think to gain money by investing but it has increase Bitcoins popularity among people in the world so there are good and bad both here
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Yes still there are lot of things Bitcoin to grasp in the world to become a reputed global currency and Bitcoin is in still early stages to do that to get more closer to people with more usable options where every kind of person will be able to use Bitcoin easily
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Many say that fiat Dollar Will Collapse with Rise of Crypto but in order for that to happen the crypto currency must has the ability to make a radical change in the world financial system by making cryptocurrency are the most usable currencies in the world which is really difficult but possible and it is happening right now but not with the speed as we expected
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Everyone panicked due to the huge price drop and I did too but every investing asset has it own price variations in different time periods and Bitcoin have them too but the variation was much higher in the past couple of years that is why most people did panic selling to avoid further losses but there is much hope for Bitcoin and other cryptocurrencies in the future due to the demanding they are gaining from the outside world
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I don't think bitcoin will become a world currency, at least in the short term. We all know that bitcoins can be used as a way of payment, but Fiat is still the mainstream way of the world, and it's hard to get a share in the payment field without the support of national policy.
Yes without the agreement from governments in the world there is no way bitcoin will become a world currency but many governments are considering about Bitcoin to use as an international currency so we should hope for the best in the future because it decide not only the future of Bitcoin but the future of other currencies and the entire crypto market |
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These are people who own large quantities of BitCoins. As a result they can raise or lower the BTCUSD rate on any exchange more-or-less at will. This power can be used to affect the market volatility to their advantage. There is little doubt that at least a few of the Whales are benefitting from BitCoin’s volatility by making use of their power to change the exchange rate.
We see that more often these days market manipulation is done in many times and that was the main reason Bitcoin prices and other prices to move down or up without any reason so people who do that can gain more Bitcoin or other currencies for cheap so the best thing to do is stay allert and understand the market well then anyone can avoide such situations without gatting caught |
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You are right, it really making up nice income. its a reliable business..
It is a reliable business for smart people but we see many new comers are getting fooled and scam by market manipulators in the crypto market so like any other investing asset Bitcoin should dealt carefully and unlike other investing options Bitcoin can provide more profits in short period of time |
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well i think because bitcoin so far is just a prediction game
people buy bitcoins to invest by expecting rising bitcoin prices (speculation)
a good currency must have a stable price
That's why Bitcoin is not a legit currency
Yes Bitcoin has become an investing asset than a currency among many users in te world even it's build intention ws to become a global currency so how come bitcoin can become a legit currency when even its users are not accepting or using it as a currency for transactions |
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That is something will not happen ever because the crypto world is rising day by the day but there is a possibility that fiat currencies like USD will fail in the future due to Bitcoin and other major cryptocurrencies expansion and rising which will become unavoidable even from governments or other parties who tries to eliminate the crypto world
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Due to some but considerable negative effects happened in last period such as , Government restrictions against Bitcoin, Banning, Criminal activities using Bitcoin, Panic token holders and other false rumors that made ridicules accusations against Bitcoin
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There is no problem with Bitcoin in this matter it is a problem with the Business people and the world not willing to use Bitcoin in there business still except online retail sites and other but this situation is changing at the moment
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Bitcoin doesn't have to go under regulations. goin under regulations means Bitcoin freedom and it's users freedom will be vanished forever and the concept of decentralization, barrier less quality and other many advantages will be eliminated
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Everyone panic when Bitcoin drops but mainly because due to lack of understanding that every investing asset has it own price variations in different time periods and Bitcoin have them too but the variation was much higher in the past couple of years that is why most people did panic selling to avoid further losses so no I don't sell
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Everyone panic due to lack of understanding every investing asset has it own price variations in different time periods and Bitcoin have them too but the variation was much higher in the past couple of years that is why most people did panic selling to avoid further losses
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