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I think the same as you. The prolong bearish market is really worrying me. Many people here say that we should never doubt on Bitcoin investment but I suppose that they are frenzied investors who blindly believe in Bitcoin. Let's face it. Bitcoin is in the hard time and anything can happen and nothing is certain. I'm not pessimistic but the situation is really worrying and the high chance is it will take long to recover. I don't say Bitcoin is going to vanish or come to and end, but much vigilance is needed when you're joining the market in the bearish period. No matter how much you like Bitcoin, you're supposed to judge the situation based on rationale.
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You're right. I absolutely agree with you. There's no point being aggressive to ignorant people. Being angry with them just make the problem much worse. They will not listen to you. What we should do is rationally tell them.
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Bitcoin and other cryptocurrencies are non-centralized and not created by any central bank. If altcoins become very popular as a means for transaction and storing wealth, then this could it more difficult for central banks to conduct monetary policy.
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No. I'm of the opinion that banks still play an integrate part in the financial system of every economy. Without banks, the economy can't normally operate. The function of crypto isn't the same as that of banks. Banks make capital move from surplus to deficit, cryptos can't do that.
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Bitcoin is involved in illegal activities and governments can't find a solution for it. Bitcoin may cause financial crimes because now law and policies for Bitcoin hasn't been completed.
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Yeah, I think Bitcoin is a good tool for them to hide their wealthy from the government, Bitcoin is kind of another Swiss bank to them, though it is quite risky. In other words, Bitcoin is their secret banks, I guess.
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News doesn't affect the price directly. In stead, it impacts investors thinking and prediction more or less, therefore, inderectly impacting investors decision and as a result, the price will do up or down.
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I guess you're speaking in an ironical voice, right? Their action of panic selling cause sharp price declines, but we can benefit from this situation. Panic selling naturally creates great buying opportunities for well-informed traders and investors. Those who know when the selling is over can benefit from the retracements/turnaround that often occur afterwards.
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That's really a good new to Bitcoin. Traded on such a well-known stock exchanges, Bitcoin will earn more trust from crypto users and the price will rise. I hope that there is noe onstruct to this plan. The next year, 2019, will a very promising year of Bitcoin.
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The value you mentioned is created by the demand for it. Without demanding, a ton of gold will become worthless. As for bubble, yes, I agree that Bitcoin has shown some signals of bubble, but bubble doesn't have the same meaning with worthless. Have you ever heard "property bubbel or housing bubble"? Yes, right? So does property have no intrinsic value?
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