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It's actually a life changing for me since I'm a no business person at all and I just depend on my own job seriously.
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For me of course it will not help a lot of people but it will just made people greedy, it can cause war though inflation atleast but if we print enough money, we can buy ourselves back out of debt and bribe the government to lower the inflation., The economy can collapse as well.
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For me if you're aiming to arbitrage the Bittrex $BTG price right now. Other cheaper exchanges like HitBTC, Binance, Bitfinex aren't allowing BTG withdraws due to the obvious price madrush. At least that's what i've come across so far. but if you were able to find an exchange that allows for it right now. But still I'll be staying and stick to do it via bitcoin myself right now.
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For my own understanding the reason why cryptocurrencies rapidly going down is because of several reasons. First there are other countries that are afraid of getting corrupted by it because as soon as it becomes epedemic I think no ones gonna stop it. Second is that there are other virtual currencies having competition to each other that results for it to go down, probably there are things to consider if your investing to a virtual currency that prevents others from getting it because of the trends and I think its probably the reason why its happening, however its not that easy to break since its going epedemic.
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I guess I'm gonna make or invest to my own company that promotes bitcoin for sellers and buyers, probably a huge market for everybody who loves making profit out of it. I chose to stay in the industry where theres still a connection or relation with cryptocurrencies since its a fast growing virtual currency. I doubt on doing transition to a different industry since I'm no business minded person.
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I am not a financial advisor nor do I have a CMT certificate or anything. For me any decisions you make on in your investing is always based on the risk and reward you desire and if you lose then you have to take the loss and if you win than the profits or winnings are yours. I would higly suggest for you to do your own research, manage risk or any of the likes, but I am not suggesting anything rather I am explaining what I am doing. Sometimes it's how you feel the way you want it to be.
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For me bitcoin is double tapping right now and its a continuation pattern, I think we will have one last bear trend before markets stabilize and we see significant buy side volume enter the space. In terms of ALTCOINS I think many will continue to exhaust investors by bleeding out slowly to their nearest support where many should start to bottom out and form accumulation patterns in preparation for the next leg up. I can be 100% wrong and understand this. I am sticking to my trading strategy and will buy should levels reach my price targets.
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I hope that with this kind of conversion it could help the Iran communities to rebuild their fallen city as well as their hopes in making peace to other countries.
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