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Well, firstly, I do not think that Bitcoin's correction has ended. The market for crypto currencies does not behave predictably, - yes, Bitcoin will reach new price peaks. But, I think that this whole year Bitcoin will be in correction. I'm not going to sell my house, no matter how confident Bitcoin grows, the crypto currency market is not predictable. But if there were 2 houses, without hesitation, I would sell one and buy Bitcoin right away.
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Too late to get involved into Bitcoin? - NO!
My firm belief is that even if you do not have the trader skills, it's never too late to buy Bikoin. Right now, the ideal price levels for Bitcoin. I strongly doubt that in the near future there will be such an opportunity to buy digital gold at the price of correction. More and more people will buy Bitcoin. More and more people will not pay much attention to the intricacies of the market, when the price chart falls with the stone down, many people will stop selling - then it will be too late.
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Of course Bitcoin is not dead! I think those who periodically shout that bitcoin has died, or something like that, create a favorable background for the greater spread of digital gold. Because the more negative or positive information - the more people are drawn into this topic. People themselves understand what Bitcoin is for them - an inflatable bubble or digital gold.
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Why bitcoin is not supported in some countries? Personally, I think, because Bitcoin is a direct threat to the established banking system. After all, bitcoin does not obey anyone or anything, it can not be regulated, therefore this is one of the reasons for its cost. As soon as they learn how to regulate civilized relations between bitcoins and banking systems, a huge digital coin boom will begin immediately.
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Will Bitcoin be replaced by another cryptocurrency?
At this stage Bitcoin firmly takes the place of digital gold. Yes, there are coins that are more advanced and transactions are made instantly, but, in the near future, I do not see a promising coin that will replace Bitcoin. You can also say by traditional gold - there are more precious metals, but gold firmly takes its place, the same Bitcoin. Although some trust ETH more, but in the portfolio they always have Bitcoin.
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How can I make money in Crypto? I can tell you in what ways I earn. The first way is bounty. Of course, this method requires a lot of free time and full absorption in the topic - you have to become a part of the team. The second way, is not exactly for beginners, is participation in the ICO. In general, it is not so difficult to find a project worth investing in, just read all the articles and all reviews of the project. Usually it's impossible to even go into a cool ICO, - all the tokens are sold in the first minutes of the sale. Well, the third way, only for those who passed the school of forex, - earnings on the difference in rates. Of course, this method also did not earn the guaranteed profit points. And the most important mistake of beginners is to earn a crypto currency - this is far from a freebie, this is a grueling job
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If people stop buying bitcoin, the price will start to go down, and everyone will have a chance to buy Bitcoin at a super price. I'm sneering ... But the law of the market is such, the asset either is bought or sold - there is no other. I hardly believe in such an outcome.
My answer is simple - then they will start buying something else. Although, a very dubious definition. Why buy Bitcoin? Because it is a carrier of advanced technology, because for several years its price soared from $ 1 to $ 20,000 and at the moment it's digital gold. You can buy any digital coin for Bitcoin. In general, many of us just start to get into taste when buying Bitcoin - and you already assume that there will be a time when Bitcoin will stop buying, I think such assumptions will be considered by our descendants
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