If crypto went mainstream, then yes cryptobanks will follow too. I still doubt how will theh be regulated. Cryptocurrencies were meant to replace this type of monetary cycle. It is basically a p2p system. I doubt people will trust a third party in such cases. Government would definitely wont legalise it. I am interested to know how such a system will turn out.
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If you're looking at the proce as the only indicator, then see, we are at $5200 with hardly 2% of the world population. Think what will happen when the adoption goes up to 10%. Think about the amount of demand we will have. That increase to $19k was inorganic and everyone knew it wont stand. Look long term, leaving the spikes of 2017, we are pretty much going up. Btc definitely have future even if you're considering only price point of view.
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Of course, bitcoin will rise again. There is no second thought to that. But if you are doubting that, then probably the crypto space isn't for you. Just go and see the last 10 year charts of bitcoin. You will notice that btc repeats this up and down cycle. The same happened in 2013, then in 2015 and then 2018. It always jumped back. Everytime people called it the end of the cryptos. But opposite happened. Trust me we are still early.
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My prediction for btc mid term is $12k-$14k. Long term it can really exceede the expectation as happened last time. But I will go for $55k. The mid term guess is chart based. But long term is probably a guess. Last time btc didn't follow the charts when chasing $19k. I believe the Same will happen this time as well.
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We have been dipping since $19k. Buying every dip is not really a good suggestion. But right now we are at good support zone. We might dip a bit from here. But that wouldn't be that bad. You can definitely average out by buying after dip. But going in right now is the safest bet. Right now everyone is giving their own prediction. But in reality no one really knows market will go in what direction.
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Binance has been growing really well. But is it a future, no one can really answer that. Binance stays in hype most of the time and that helps with the volume. Also with the app and easy to use website. It definitely has edge. Plus the fee is comparatively low.
BNB has a good backing exchange. So it is likely to go up.
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Bounties are not as rewarding as they were an year ago. Since the market had been in a prolonged bear phase, new coins found it hard to maintain the price below the pressure of bounty sellers. So it's likely that you wont earn much out of your bounty tokens. But once the market gears up, bounties will become equally rewarding because in euphoria stage every coin pumps.
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I don't understand by people need a bullish market for trading. You can make equally good profit in bear market as well. During bear market you can play with shorts and longs and can maximize your profit through leverages. Try to squeeze the maximum benefit of the market in every phase.
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I am not a believer of hodl in crypto space. The only coin I trust to hodl is bitcoin. I usually trade with btc pairs and try to increase the btc value. Not much a fan of usdt pairing. This does affect my trade profits in dollars. But I know that in future bitcoin will go up and will likely break the ATH.
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Fiat and cryptos will coexist for more time to come without a doubt. But with technological advancement it won't remain the case. We will shift to better and more secure payment methods and then fiat will go away automatically. We might even see better paying mechanism than cryptos as well.
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I am really glad that countries are giving a way to cryptos to prosper and grow. These small small initiatives will help in wide scale adoption. When people see the use of a decentralized currency, they adopt it or at least read about it. For initial stage this is enough for the crypto space.
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I知 with you in this OP. I知 also from the Philippines and sometimes I also use bitcoin to pay for some bills when I知 short on fiat. I知 using coins.ph for my Philippines account and I知 using Bittreo for my international transfers. Not many exchange sites provide that service that can pay bills, load and for travel with cryptocurrency. I think it's very good for crypto users. In my country, the exchange site is just a trading place, to pay for these fees, we can only use third party services. Same is the case with my country. Mot much adoption and not much awareness. A few excagnegs and p2p sites which is basically used for trading. There isn't a proper mechanism to pay through btc or cryptos. Not many third party apps are available too.
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I read daily cryoto news. It helps a lot with trading and keeps updated with new coins in the market. Along with news on various websites. I am also quite active on Twitter and telegram. I think it is the place to get early news on a coin with which you can profit easily.
On telegram, you have communities and hence, it helps a lot for discussing latest news and happenings.
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Many people are still hoping for a crash below $3k. But I doubt it big time. Bitcoin has started appreciating and it is most likely to go in the up direction obviously with a few corrections. But none will take the price below $3k. $4k is still possibility though.
But I am overall bullish for btc.
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You will find different analysis from different analyst in cryptos. There are many other factors like volume, news etc in cryptos which have a lot of weight.
According to me, the price prediction for may is $7k to $7.5k
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The volume has increased recently and it matches the level of 2017 dec. This shows that whales are definitely back. Added to that some new investors are also entering the market. We are not much away from the bull market anymore.
Bitcoin is likely to go over $50k this year.
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I believe crypto has great future ahead. According to me 10 years down the line, we will see marketcap of a few trillion dollars. Btc might or might not be the top coin, but most of altcoins will disappear and maybe we end up with better and useful coins with potential.
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These Chinese Fuds and rumours are not new. Even if they ban mining, it won't effect the market much. What I have seen in these 2 years is that now market doesn't get much affected by such news. Neither such news can dump the price nor help in any reasonable pump. There will be some price change but nothing at big levels. Mining will shift to other countries in no time.
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Many investors have failed to benefit from the ICO and many of them have run out of capital like me too, now it is very difficult to find a really good ico, I myself am also confused, now many ico projects appear, the analysis must be really right
Just like you even I have burned my fingers in these ico investments. Earlier the ICOs were really good. I was one of the early investor of IOST and was able to ripe profits as well. But not with so many fake ICOs and such a large number. I am out of it as of now. Will try back again in bullish market.
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Once you start with trading or investing, mistakes and losses are unavoidable. New comers are tend to make mistakes and this is how they understand the market. This is how the get to used to the public sentiments in a particular market. It's good when you make mistakes initially. But if that continues, it's better to leave it. Then you're not meant for trading or investing. Go back to paper trading for learning more.
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