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I hope that we get to see an end to the bear market by the end of this year. But we can never be sure if the market will rise or not in a particular month unless we see some strong signs. You should not plan things expecting a sudden uptrend as it may end in disappointment if things don’t go as planned.
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It feels really good to see small businesses offering crypto as a payment method. Cryptocurrencies are finally actually being used for the purpose it was created. I am happy that I also took this bold decision and added Capital Wallet payment gateway on my website. Have received such a positive response from my clients and it has also reduced the transaction costs. Most importantly, I get my funds faster.
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Indeed it’s good to see such posts that make us hopeful for a future where crypto currencies will be freely accepted by everyone alike. I think many of the uncertainties and doubts regarding the value of crypto currencies can be easily solved if many more people came forward and took steps like the street vendors here.
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I agree that people are a lot more aware about crypto currencies and especially Bitcoin due to the popularity it gained through the internet. But I am not sure if they actually know well about its functionality and the crypto market in general. Still, it is good to see that Bitcoin is becoming a familiar word even in rural or semi-urban areas.
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The unpredictable nature of the cryptocurrencies is a major reason why we are able to make money through trading. If the market was not moving, there would not have been any chances of making money.
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I believe that buying bitcoin is a better option than mining it. You can buy bitcoin with an amount you can afford as there is no limit to how much you must put at risk. But when it comes to mining bitcoin, you will have to buy hardware with a certain configuration that comes with a high price tag. On the top of that, there is no guarantee if you will be able to mine bitcoin successfully or not. So, better go for a safer option which I think is trading.
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I think Ledger Nano S is the best, then Trezor T-Next Gen and SecuX V20 take the joint second position. I’m using Ledger Nano S along with Capital Wallet (a hot wallet). The combination of a cold and hot wallet is always better.
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Bitcoin investors living in countries with less economic stability, bitcoin allows them to make trade internationally with well-off countries without the involvement of the third party that can contribute in bringing economic equality.
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There are many statements being passed by Chinese state-run newspapers about bitcoin after the drastic fall of Bitcoin. But many investors are calling this a cycle. And I too feel the same. The market goes down but it also goes up.
China and its news always have another purpose behind what they inform. So don't be surprised when their media says so. There have been many things that China itself has taken advantage of to enrich themselves. Don't be swayed, because China is not at all friendly with Bitcoin since they stopped mining and left with a profit. No one will care about the news let alone the Bitcoin community. Agreed! Chinese news media is government owned and giving such statements without any concrete reason is not valid.
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This is a precise piece of the data. I think this decrease is seen due to the strict rules regarding KYC.
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Some of the drops in the prices are caused due to the combination of factors like: Excitement about low-quality coins, to negative remarks from Elon Musk, to China's recent crackdown on crypto services
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Many investors wait for a dip to invest in the crypto market. Cryptomarket being highly volatile, are profitable. Investors seeking for potential opportunities for investing in the crypto market wait for the market to go down.
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Lightning Network has solved the problem of slow transactions in Bitcoin and has made the transactions fast.
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Though it is already significant. But nothing can be said about what would happen in the future.
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The best time for buying bitcoin is when it is at its lowest. Like now, bitcoin is facing a dip and this can be used as an opportunity for buying bitcoin.
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This is really amazing. I also read on one of the news websites about cryptos being taught in high schools.
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Limited supply of Bitcoin derives the value of bitcoin and nothing else.
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Of Course the dip in the price value of bitcoin has made me disappointed but I am also well aware about the nature of Bitcoin. It will again rise like it rose in 2021.
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I think it necessary to have regulations! However, the regulations must not try to steal any thunder from the main body, which are Bitcoin or other cryptocurrencies themselves. Proper regulations help us to abide by rules, so we can avoid some unnecessary risk in advance. But too much regulation will definately cut the vitality of both players and market. Therefore, proper softing regulations will definately help. I totally agree with your opinion. This will also ensure that cryptocurrencies are not misused for any illegal purposes.
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