I think Facebook takes itself far to seriously and the current round of censorship regulation are in fact driving away account owners. Having seen this proposed ban I can still see even today Featured articles for crypto so what is the actual truth on this matter?
Are the still allowing crypto advertising but just banning individual Facebook members' posts?
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Bitcoin came first and is still clearly at the top of the pile of crypto coins. I would suspect that over time its share of the market cap will continue to reduce simply by the fact there will be more and more coins available. I still see it's going to be a tall order for another coin to pass the single value 1 to 1 of a Bitcoin.
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I don't think that the financial decisions of any 1 person need to have a great influence on the strategies of everyone else. If he sold in the past 2 days then it was likely a poor financial decision, If he sold in November then it was a shrewd move.
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Get yourself onboard with a crypto debit card it is the simple way to be able to utilise your crypto for simple every day uses. There are no transfer fees when you make a transaction the vendor receives the equivalent amount in local FIAT. Was travelling last week and bought a new Samsung phone in Hong Kong on my card.
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I truly think this is all about manipulation of the prices and the global financial companies wanting to get their fingers in the pie. Let's not also forget the recent decision to allow futures trading on Bitcoin. The likes of CNBC are just mouthpieces for the likes of Goldman Sachs, JP Morgan etc and the information they give is designed to transfer money from the hopefull to the informed.
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There is a new wave of acceptance for Bitcoin coming in, which will be to be a holder and user of Crypto Debit cards. I have a Mastercard version now which allows me to spend Bitcoin and 7 other currencies anywhere across the globe that shows the MC symbol. I can also withdraw cash from an ATM. This get's around any local restrictions your locality may impose on crypto.
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Wow that was a rally interesting breakdown of Bitcoin from the beginning. I think the key strategy to be learned from that is just to Buy and Hold them and then buy more on dips and corrections. Sell only when you really want to convert to something else of value such as a house, jewellery etc.
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I think if they are all going to be honest every startup will most likely face delays in delivering the working project afterwards. It is important to deliver things in a good timeframe as it inspires confidence but also good communications can help smooth out the frustration that comes from delays. So I think timescales and communications would be the most desirable. Products are constantly being updated to solve bugs and enhance functionality that is a fact of life.
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This sounds like a positive to me, Samsung corporation is huge and they would be unlikely to push a new product or technology if they did not feel that it was going to be a profitable venture. Lots of positive things coming for Bitcoin once this current storm passes.
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I think if you take some reverse logic on the situation and of course the benefit of hindsight those that purchased in the period from November until ths past 2 days will say they were too early of Bitcoin. There was previously good support around 13,000 and again around 10,000 so once sentiment turns would expect to see those levels retaken.
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The drop in the value of Bitcoin has been really severe, but two things to bear in mind there has been a January to February fall in prices in each year since 2015 and that lately there has been a relentless media attack on Bitcoin which the more cynical amongst us seems co-ordinated.
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Yes I have the same dreams as you, I think a lot of people on here are thinking the same ways. If you really want to make it happen then you have to be disciplined about the way you trade and make sure that when you set targets and achieve them that you withdraw your funds and convert back to FIAT. Good luck to all that follow their dreams.
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There was previous strong support around the $10,000 level and I think that the nervous holders have continued to sell on what often seems like inaccurate or mis-reported news stories. I think these levels present some of the best buying opportunities of the past 12 months if you have reserve funds available to buy.
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A barrage of negative press to me only means one thing that the big money people (Banks, Investment firms) are now trying to find a cheap entry point to get into the crypto market space. If you have experience investing in the stock market you can see similar patterns. Have some patience things will turn around.
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I think you would be surprised at the number of "Silver surfers" that are already Bitcoin owners. It is just a misconception that only young tech geeks are interested. Don't forget personal computers have been around for over 30 years now so even people in their 60s have a good amount of tech skills
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Oh come on The only holidays that may have some effect on the crypto space are Christmas and New Year when people tend to have large expenses. Valentines day is pretty much a Halmark holiday at best so I am guessing zero effect.
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I don't think Bitcoin will disappear for quite some time, it has established itself over time as the largest value coin in Crypto space. You are seeing fluctuations in the price which is most likely a correction to the rapid an accelerated increase in value during 2017.
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I think the January to mid February phase is an excellent time to be buying and storing your Bitcoins. Seems there is a massive amount of support around the $10,000 level so once things settle down a bit I would except further growth.
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That is a pretty strong move from Facebook, but they do have a history of making rash and unpopular decisions. I think people will gradually move away from Facebook as their censorship and nanny state ideas have basically ruined what was a useful tool.
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If you look at the trends over the past 3 years you will see that the market has actually dropped in January every year since 2015. This gives a good opportunity to get invested for gains in the remaining 11 months of the year. The other possibility is that money within the crypto sphere is moving towards ICO as a way to generate profits rather than sitting in BTC.
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